Stirling Agricultural Society t/a Stirling Show Registered Charity
Financial Statements for the year ended 31st August 2024
Charity number : SC052337
Stirling Agricultural Society t/a Stirling Show Administrative details For the year ended 31st August 2024
Registered Charity number SC052337 Registered Company number SC052337 Directors (Trustees) Registered Office Bankers RBS, Stirling Thistle Marches Shopping Centre, Units 22/23, Thistles, Stirling FK8 2EA
Accounting Practice Onpoint Accounting Ltd Laghmor Office Little Dunkeld Dunkeld Perth & Kinross PH8 0AD
Stirling Agricultural Society t/a Stirling Show Regustered Charity TRUSTEES REPORT For the year ended 31st August 2024
Structure, governance, and management
The charity is a registered chairty in Scotlandm granted Charitable Status on 22nd February 2023
The trustees who served during the year were:
Recruitment and Appointment of Trustees
No trustees were appointed during the year
Objectives and Activities
The principal activity of the charity is that of advancing the education of the public by the promotion and advancement of agriculture, the ad the advancement of the arts, heritage, culture or science and the advancement of animal welfare with the Stirling local authority area.
There are no current projects and all activities are covered under future plans for Stirling Agriculutral Society
Achievements and performance
Stirling Show had another successful year, with the weather on our side for the show which was held on Saturday 8 June 2024. It was well attended by both exhibitors and general public
Financial Review
Stirling Show gave rise to a profit in the 2024 year, which is allowing us to reinvest in the 2025 show and make a donation to a local charity.
Future Plans
To grow and build on the exisiting show, drawing in more exhibitors and more general public
On behalf of the board of trustees
Dated : 29 May 2025
Stirling Agricultural Society t/a Stirling Show Independent Report to the Trustees For the year ended 31st August 2024
I report on the accounts of the Stirling Agricultural Society for the year ended 31 August 2024
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for
the preparation of the accounts. The charity's trustees consider than an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independant examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :
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examine the accounts under section 145 of the 2011 Act
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follow the procedures laid down in the general directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
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state whether particular matters have come to my attention
Basis of independant examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An
examination includes a review of the accounting 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 accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidcence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
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Which gives me reasonable cause to believe that, in any material respect, the requirements :
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to keep accounting records in accordance with section 130 of the 2011 Act, and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met, or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date : 18.05.25
Onpoint Accounting Ltd Laghmor Office Little Dunkeld Dunkeld Perth & Knross PH8 0AD
Stirling Agricultural Society Statement of Financial Activities For the year ended 31st August 2024
| INCOMING RESOURCES NOTES Incoming resources from generated funds Donations 2 Investment Income 3 Incoming resources from charitable activities 4 Other Income 5 TOTAL INCOMING RESOURCES EXPENDED RESOURCES Charitable activities Direct charitable expenses 6 Governance Costs TOTAL EXPENDED RESOURCES NET INCOMING/EXPENDED RESOURCES TRANSFER BETWEEN FUNDS NET INCOMING/EXPENDED RESOURCES AFTER TRANSFERS FUND BALANCE AT 1 September 2023 FUND BALANCE AT 31st August 2024 |
Unrestricted Funds Designated Funds Restricted Funds Total Funds 2024 2023 Total £ £ £ £ £ - - - - 60 246 - - 246 71 33,571 2,922 5,000 41,493 30,773 - - - 2,285 |
|---|---|
| 33,817 2,922 5,000 41,739 33,189 |
|
| 29,433 330 - 29,763 21,845 110 110 110 |
|
| 29,543 330 - 29,873 21,955 - - - - - |
|
| 4,274 330 5,000 11,866 11,234 4,274 2,592 5,000 11,866 11,234 17,212 0 17,212 5,979 |
|
| 21,486 2,592 5,000 29,078 17,212 |
Stirling Agricultural Society Balance Sheet For the year ended 31st August 2024
| Notes Fixed assets 9 Current assets Debtors 10 Stock Cash at bank & hand Liabilities Creditors: amounts 11 falling due within one year Net current assets Creditors - amount due 12 more than one year Net assets Funds of the company Unrestricted funds Designated funds 13 Other charitable funds Restricted funds 13 Total funds |
£ 2,939 - - 27,639 |
2024 £ ) 26,139 29,078 21486 2,592 - 5,000 29,078 |
£ 3,369 227 2,917 15,292 |
2023 £ ) |
|---|---|---|---|---|
| 27,639 (1,500 |
18,436 (4,592 |
|||
| 13,844 - |
||||
| 17,213 | ||||
| 17,213 - - - |
||||
| 17,213 |
For the period ended 31st August 2024, the company is entitled to the audit exemption under the rules of Scottish Charities
The members have not required the company to obtain an audit
These accounts have been prepared in accordance with the provisions applicable to Scottish Charities The trustees declare that they have approved the accounts above.
Signed on behalf of the company's trustees : Signed :
Name Position
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Date : _____
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Stirling Agricultural Society Notes to the Financial Statements For the year ended 31st August 2024
1 Accounting Policies
1.1 Basis of preparation
These financial statements have been prepared under the historical cost basis and in accordance with the statement of recommended practice (Charities SORP 2005 and the Financial Reporting Standards for Smaller Enterprises (FRSSE)).
1.2 Incoming resources
These are included in the Income and Expenditure account, incoming resources are recognised when :
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the company becomes entitled to the resources
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the directors are virtually certain they will receive the resources, and
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the monetary value can be measured with sufficient reliability
Where incoming resources have related expenditure (as with fund raising or contract income) the incoming resources and related expenditure are reported gross in the income and expenditure account.
Grants and donations are only included in the incoming and expenditure account when the company has unconditional entitlement to the resources.
Contractual income is only included in the income and expenditure account once the related goods or performance related services have been delivered.
Investment income is included in the accounts when received.
1.3 Expenditure
Expenditure is charged to the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred in the delivery of the charity's activities and services for it's beneficiaries, including both direct and support costs. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of staff.
Governance costs include those costs associated with meeting constitutional and statutory requirements, including accountancy fee's.
1.4 Fund accounting
Restricted funds are funds received from donors which are subject to restrictions on the purposes for which they may be used of which have been raised for a specific project. Unrestricted funds are those where there are no externally imposed restrictions. These include funds freely available to the charity for expenditure or appropriation to reserves for internally designated purposes.
1.5 Assets
Tangible assets are capitalised if they can be used for more than one year, and cost at least £600. They are valued at cost, or, if gifted, at the value to the company on receipt.
The rates applicable are : Plant & Machinery 10% on Cost
1.6 Taxes
The company is not VAT registered. As a charity the company is exempt from taxation on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to it's charitable objects.
Stirling Agricultural Society Notes to the Financial Statements For the year ended 31st August 2024
| 2 Donations Donations and gifts 3 Investment income Interest received 4 Incoming resources from charitable activities Grants receivable Sponsorship Other income from charitable activty 5 Other incoming resources Other income 6 Total resources expended Charitable activities Direct charitable activities Governance costs |
Staff Costs £ 1,500 |
2024 2023 £ £ - 60 2024 2023 £ £ 246 71 Unrestricted funds Restricted funds 2024 2023 £ £ £ £ 2,922 5,000 7,922 330 2672 2672 3175 30,899 - 30,899 27,268 |
2024 2023 £ £ - 60 |
|---|---|---|---|
| 2024 2023 £ £ 246 71 |
|||
| 36,493 Depreciation Other costs £ £ 430 24,911 110 |
41,493 30,773 2024 2023 £ £ - - |
||
Total 2024 Total 2023 £ £ 27,833 21,845 110 110 |
|||
| 1,500 | 430 25,021 |
27,943 21,955 |
Direct charitable expenses include payments to the accountants of £110.00 (2023 : £110)
7 Employees and staff costs Number of employees
There were no salaried employees-however payment was made to Secretary as below
| Employment costs Secretary Fee |
Total Total 2024 2023 £ £ 1,500 1,500 |
|---|---|
| 1,500 1,500 |
Stirling Agricultural Society Notes to the Financial Statements For the year ended 31st August 2024
| 8 Fixed assets Cost Additions Disposals At 31st August 2024 Depreciation At 1st September 2023 Charge this period At 31st August 2024 Net book value as at 31st August 2024 9 Debtors Trade debtors Other debtors 10 Creditors - falling due within one year Bank loans Trade creditors Deferred Income Accruals |
Plant & Machinery £ 4,299 - - 4,299 930 430 1,360 2,939 2024 2023 £ 0 227 0 - |
Plant & Machinery £ 4,299 - - |
|---|---|---|
| 4,299 930 430 |
||
| 1,360 | ||
| 2,939 | ||
| - 227 |
||
| 2024 2023 £ 0 0 1500 30 0 2,922 0 1,640 |
||
| 1,500 4,592 |
Stirling Agricultural Society Notes to the Financial Statements For the year ended 31st August 2024
13 Movement of funds
| 13 Movement of funds | |
|---|---|
| Unrestricted funds General funds Reserved Funds RHASS Local Show Grant This is allocated to depreciation. For fixed asset in which it was purchased * Restricted funds* Royal Highland Show Presidents Initiative Total funds** |
Opening balance Incoming resources Resources expended Transfers Closing balance £ £ £ £ £ 17,212 33,817 29,543 21,486 |
| - 2,922 330 2,592 - - - 5,000 - 5,000 |
|
| - 5,000 - - 5,000 | |
| 17,212 41,739 29,873 - 29,078 |
** Restricted funds
Royal Highland Show Presidents Initiative-£5,000 received for Agricultural Shows in Scotland
14 Analysis by net assets between funds
| Fund balance at 31 August 2024 are represented by : Tangible assets Current assets Creditors : amounts due within one year Creditors : amounts due after more than one year |
Unrestricted funds Designated funds Restricted funds Total funds £ £ £ £ 300 - 2,639 2,939 27,639 - 27,639 1,500 - 1,500 - - - |
|---|---|
| 26,439 - 2,639 29,078 |