## 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 :
- examine the accounts under section 145 of the 2011 Act
- follow the procedures laid down in the general directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
- 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 :
1. Which gives me reasonable cause to believe that, in any material respect, the requirements :
- to keep accounting records in accordance with section 130 of the 2011 Act, and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met, or
2. 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**
**----- Start of picture text -----**
Date : ___________
**----- End of picture text -----**
**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 :
- the company becomes entitled to the resources
- the directors are virtually certain they will receive the resources, and
- 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**|