REGISTERED COMPANY NUMBER.. CS003766 REGISTERED CHARITY NUM8ER.. SC048940 Re rt of the Trustees and Unaudited Flnancial Statements for the Year Ended 31 Janua 2025 Me hlaThd Garne5 scio ittor T Fraser & Co ￿Mited Chartered Accountants 34 Market Place Wick Caithness KWI 4LP Hi hl nd G?m ci Contents of the Flnancial statements For ihe ear ended 31 Janua 2025 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Receipts and Payments Statement of Balantès Notes to the Flnanclal Statements 7t08 M HS hland Games scio Re rt of the Trustees For the Year Ended 31 Janua 2025 The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 January 2025. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty Name Mey Highland Games ISCIO) Charlty Number SC048940 Addre5$ Mackays Hotel Union Street Wick Caithness KWI SED Current Trustees B)nkers Bank of Scotland PO Box 1000 BX2 ILB Inde endent Examiner Victor l Fraser & Co Limited Chartered Accountants 3-4 Markel Place Wick Caithness KWI 4LP Me HI land Games scio Re For the Y rt of the Trustees r Ended 31 Janua 2025 STRUCTURE, GOVERNANCE ANO MANAGEMENT CONSTITUTION Constitution The charity is a Scottish Charitable Incorporated Organisation ISCIOI. It Was registered in its current legal fomi on 7th January 2019. Mernbersh5p Membership is open to any individual aged 16 OT over who sUPPOrt5 the objerts of the SCIO. Employees of the organisation are not eligible for membership. General Structure The structure of the organisation con515ts of- The Members - who have the right to attend member'5 meetings lincluding any Annual General Meeting) and have important powers under the constitution. in particular. the members appoint people to serve on the Board and take de¢isions on changes to the corbstitution itself. The Board - who hold regular meetings. and generally control the actNities of the organisation,. for example the Board Is responsible for monitoring and controlling the financial position of the organisation. The people serving on the Board are referred to in the constitution as Charity Trustees. OBJECTIVES AND ACTIVITIES Oblertives and airns The organisation's purposes are the promoting of the quality and diversity by holdin8 the Mey Highland Games providing an inclusive platform foi all incorporating para-athletes and ihose injured as a result of military service. The advancement of Education by working in partnership with the community to support the teaching of Highland Sport5 to young people in Caithness. To support those in need by reason of aBe. ill-health, disability. financial hardship or other disadvantage in Caithness by allocating grants from the organi5ation$ Surpluses. To promote the culture of Caithness by encouraging visitors to the Mey Games providing a Caithness cultural experience and access for all to adaptive Highland Sports. ACHIEVEMENTS AND PEFORMANCÉ Charliable ActNities This year marked a further significant step fonvard in our community engagement efforts. The Mey Highland Games successfully hosted an increased number of participants and had a good attendance of 5pectator5 from across the region and beyond. The event once again features tradilionèl sporting competitions. includinE caber tossin& hammer throwirb8 and the extrernely popular tU8-of-war. In addition. we showcased local music, dance and crafts. Our commitment to fostering local talent was highlighted by the increased entry for the junior chanter and piping competition and the introduction of a freestyle secliori encouraging the next generation of Pipers, this also assists with upholdin8 our rich cultural heritage. Me land Garne5 sao rtoftheT For the Y ar Ended 31 Janua 2025 FINANCIAL REVIEW We thank our sponsors and the local community for the ongoing financial support received. We continue to reinvest in the local economy by hiring members of the community to provide supporting roles to ensure the event is well organbsed and complies with all legislation. This reinforces one of our aims of community 5UPPQrt and econornic development. Increased sponsorship monies received has helped achieve a surplus for the year. Reserves Pollcv The Trustees have examined the requirement for free reserves which are those unrestricted funds not invested in Fixed Assets. de5ignoted for Specific purposes or otherwise committed. Unrestricted funds are needed to provide funds which can be des18nated to specific projects to enable these project5 to be undertaken at short notice and to cover administration, fund raiyng and support costs without which the charbty could not function. The Reserves policy is to maintain a sufficient reserve which will enable the charrty to withstand the financial effects of l or 2 years of events that would adversety affect the running of the Games, the need for reserves sufficient to withstand financial risks such as suppressed visitors and any other income for any reason includin8 bad weather. the need for invest￿ent in facilities and equipment. ststement of Truslees, Responsibilities The Trustees must prepare financiol statements which glve sufficient detail to enable an appreciation of the transactions of the Charity during the financial period. The Trustees are Tesponsible for keeping proper accounting recofds which. on request. must refleci ihe financial position of the Charity at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment Iscotlandl Act 21Y)5 and the Charitie5 Accounts IS¢otland) Regulations 2006. They are also responsible for safeguarding the assets of the Charity and must take reasonable steps for the prevention andlor detection of fraud and other irregularities. Approved by order of the board of Trustee5 and Signed on its behalf by- Inde ndent Exarniner'5 Re ort to the Trustees of M HI hlandGame55CIO otti5h Chari Istration numb re I report on the accounts for the year ended 31 January 2025 which are set out on pa8e5 five to eight. Respective responsibilities of lrystees and examSner The charitV5 Irustees are responsible for the preparation of the accounts in accordance with the temis of the Chorities and Trustee Investment (Scotlandl Act 2005 and the Charilies Accounts (Scotlandl Regulations 2006 as amended by the Charities Accounts15cotlandl Amendment Regulation5 2010. The charity trustees consider that the audit requirement of Regulation Iolllldl of the Accounts Regvlotions does not apply. It is my respon5ibilily to examine the accounts as required under section 44llllcl of the All and to slate whether particular matters have come to my atlention. Ba515 of Independent examlner's ￿a¢efflent My examination was carried out in accordance with Re8ulation 11 of the Charitie5 Accounts Iscotlandl Regulations 2006. An examination includes a review of the accountin8 records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the atcounts. and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence which would be required in an audit, and consequently I do not expre55 an audit opinion on the view givén by the accounts. Independent examiner's staternent In the course of my examination, no malter has tome to my attention l. which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with Section 44111{al of the 2005 Act and Regulation 4 of the 2006 Accounts Re8ulations, and lo prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2CMJ6 Accounts Regulations have not been met. or 2. towhich in m inion attention should be drawn in order to enable a proper undefstsnding of Victor T Fraser & Co Limited Chartered Accountants 34 Market Place Wick Caithness KWI 4LP land Games atement of Rerei and Pa For the Year Ended 31 Janua ments 2025 2025 Total nds 2024 Total funds Unrestrirted Restrirted funds funds Notes RECEIPTS Donalion5 and leBacies Charitable activities 22.260 18,191 40,451 22.260 4.227 18.191 18.557 40.451 22,784 PAYMENTS C05t5 of charitable activities Governance costs 34.725 876 35,601 34.725 51,717 876 336 35.601 52,053 SurplusllDeficitl for the year 4.850 4,850 129.2691 The financial 5tatpments were approved bv the board of Trustees and signed on their behalf bv: hland Garnes scio nt of Bal 31 Janua 2025 nces ilnre5trirted Restrkted funds fvnds 2025 Total 2024 Total BANK AND CASH BALANCES Balance at 31 January 2024 16.644 16.644 45.913 Surplus/lDeficit} for year 4.850 4,850 129.2691 Balance at 31 January 2025 21,494 21,494 16.644 Hi hl nd Games sa Notes to the Financial Ststements For the Year Ended 31 Jarna 2025 I ACCOUNTING pouaES Basis of Acceuntlng The Financial Statements have been prepared on the re￿Ipts and payments basis in accordance with the Charities and Trustee Investment (Scotlandl Act 2CX)5 and the Charities Accounts (Scotlandl Regulations 2￿6 las ammendedl. Nature and Purposes of Funds Unrestricted funds are those that may be used at the discretion of the Trustee5 in furtherance of the objects of the Charity. Restricted funds may only be used for specific purposes. Related Party Transartions Trustees did not receive any remuneration during the year. Golng Concern The Trustees have forrned a reasonable expeciation that the charity ha5 adequate resources to continue in operational existence for the forseable future and so continue to adopt the going toncem basis in preparing the Financial Statements. 2 DONATIONS AND LEGACIE5 Unrestrirted Restrirted 2025 fvnd5 fvnds Total 2024 Total A & W Sinclair Limited Achairn Ener8y Limited Caithness Chamber of Commerce o steven & Son Denchi Group GMG Energy Limited North Highland Initiative Nuclear Decommissioning Authorily Nuclear Restoration Services Scrabster Harbour Trust Simpson Oils Limited ThrumsterGame Fair Venture North Wolfburn Distillery Other donations Ic 100 150 5LM) 250 2CM) SCKJ 250 2CQ 150 2CH) 250 15,IXKJ 250 Is,000 2,500 250 250 250 200 140 370 2,500 2SO 250 250 2CrfJ 200 50D loo 427 370 22.2E 22,260 4,227 land Games Notes to the Finan¢6al Statements For the Year Ended 31 Janua 2025 3 INCOME FROM CHARITABIE A￿1VITIEs Unrestrlrted Restrlrted 202S funds furKIs Total 2024 Total Gate receipts and floats Dancing competition entry fees Stall bookings Sale of merchandise 13,629 2.359 2.203 13.629 17,252 2,359 2.203 1.260 45 18,191 18,557 18,191 4 COST OF CHARITABLE ACTIVITIES Unrestrlcted Restrlcted 2025 nds fvnds Totsl 1024 Total Equipment Prize money and floals judge5 fee5 Security First Aid Sound System Trophies and medals Hire of marquees and equipment Music Merchandise Website and computer costs Printing Carriage and delivery Repairs and renewals Travel expenses Administratior) fees Cleaning Donations Miscellaneous expenses Subscriptions Bank charge5 526 7.763 1,1 840 3(X) 20) 526 12,199 7,763 10,576 I,l(KJ 940 840 720 300 21JO 1,399 6,916 350 428 6,272 1.138 1,399 6,916 350 428 6.272 1,138 357 4,828 350 3,535 6,878 1.552 1.618 317 200 4,(KiO 79 2.320 624 474 474 4,000 2,350 330 301 38 34,725 2.350 330 301 38 324 34.725 51,717 5 GOVERNANCE COSTS Unrestrirted Restricted 2025 fvnds fund5 Total 2024 Total Examiners fee 876 876 336