IRIS Accounts Production v25.4.0.155 Other Company accounts True false Pounds 1.5.24 30.4.25 30.4.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC384324 2024-04-30 SC384324 2025-04-30 SC384324 2024-05-01 2025-04-30 SC384324 2023-04-30 SC384324 2023-05-01 2024-04-30 SC384324 2024-04-30 SC384324 ns0:CharitableCompanyLimitedByGuarantee 2024-05-01 2025-04-30 SC384324 ns15:PoundSterling 2024-05-01 2025-04-30 SC384324 ns11:FRS102 2024-05-01 2025-04-30 SC384324 ns11:IndependentExaminationCharity 2024-05-01 2025-04-30 SC384324 ns11:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC384324 ns11:FullAccounts 2024-05-01 2025-04-30 SC384324 ns11:CharitiesSORP 2024-05-01 2025-04-30 SC384324 ns16:EnglandWales 2024-05-01 2025-04-30 SC384324 ns11:RegisteredOffice 2024-05-01 2025-04-30 SC384324 ns0:Trustee2 2024-05-01 2025-04-30 SC384324 ns0:Trustee3 2024-05-01 2025-04-30 SC384324 ns0:Trustee4 2024-05-01 2025-04-30 SC384324 ns0:Trustee5 2024-05-01 2025-04-30 SC384324 ns0:Trustee6 2024-05-01 2025-04-30 SC384324 ns0:Trustee7 2024-05-01 2025-04-30 SC384324 ns0:Trustee8 2024-05-01 2025-04-30 SC384324 ns0:Trustee1 2024-05-01 2025-04-30 SC384324 ns0:Trustee9 2024-05-01 2025-04-30 SC384324 ns0:Trustee10 2024-05-01 2025-04-30 SC384324 ns0:Trustee11 2024-05-01 2025-04-30 SC384324 ns11:CompanySecretary1 2024-05-01 2025-04-30 SC384324 ns0:Activity8 2024-05-01 2025-04-30 SC384324 ns0:Activity8 2023-05-01 2024-04-30 SC384324 ns0:Activity9 2024-05-01 2025-04-30 SC384324 ns0:Activity9 2023-05-01 2024-04-30 SC384324 ns0:Activity10 2024-05-01 2025-04-30 SC384324 ns0:Activity10 2023-05-01 2024-04-30 SC384324 ns0:Activity13 2024-05-01 2025-04-30 SC384324 ns0:Activity13 2023-05-01 2024-04-30 SC384324 ns10:WithinOneYear 2025-04-30 SC384324 ns10:WithinOneYear 2024-04-30 SC384324 ns0:TotalUnrestrictedFunds 2025-04-30 SC384324 ns10:PlantMachinery 2024-05-01 2025-04-30 SC384324 2 2024-05-01 2025-04-30 SC384324 3 2024-05-01 2025-04-30 SC384324 ns10:OwnedAssets 2024-05-01 2025-04-30 SC384324 ns10:OwnedAssets 2023-05-01 2024-04-30 SC384324 ns10:PlantMachinery 2024-04-30 SC384324 ns10:PlantMachinery 2025-04-30 SC384324 ns10:PlantMachinery 2024-04-30 SC384324 ns10:ListedExchangeTraded ns10:CostValuation 2024-04-30 SC384324 ns10:ListedExchangeTraded ns10:AdditionsToInvestments 2025-04-30 SC384324 ns10:DisposalsRepaymentsInvestments ns10:ListedExchangeTraded 2025-04-30 SC384324 ns10:RevaluationsIncreaseDecreaseInInvestments ns10:ListedExchangeTraded 2025-04-30 SC384324 ns10:ListedExchangeTraded ns10:CostValuation 2025-04-30 SC384324 ns0:TotalUnrestrictedFunds 2024-04-30 SC384324 ns0:TotalUnrestrictedFunds 2024-05-01 2025-04-30

REGISTERED COMPANY NUMBER: SC384324 (Scotland)

REGISTERED CHARITY NUMBER: SC041765

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

THE ROYAL NORTHERN AGRICULTURAL SOCIETY

(A COMPANY LIMITED BY GUARANTEE)

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

| Page |

| Report of the Trustees | 1 |  | to |  | 4

| Independent Examiner's Report | 5 |

| Statement of Financial Activities | 6 |

| Balance Sheet | 7 |  | to |  | 8

| Notes to the Financial Statements | 9 |  | to |  | 15

THE ROYAL NORTHERN AGRICULTURAL SOCIETY (REGISTERED NUMBER: SC384324) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The company's objects are, for the benefit of the public:

(a) to advance, develop and promote the conservation, protection and improvement of the physical and natural environment in such a way as the company thinks fit: and

(b) to advance, develop and promote the education of the public in general in the conservation, protection and improvement of the physical and natural environment in such ways as the company thinks fit including by the promotion of shows, demonstrations, trials and improvement in land management, animal and crop husbandries and improve varieties.

(c) to advance, develop and promote the education of school children and young agriculturists in such ways as the company thinks fit including by working with such persons and providing their education, to undertake study and travel in furtherance of that education.

THE ROYAL NORTHERN AGRICULTURAL SOCIETY (REGISTERED NUMBER: SC384324) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

I can't believe it's over 3 years ago since I got a tap on the shoulder from Alan while at Scot Sheep 2022. I need a word with you…that was the start of me having to play with the big boys.

Roll on the 13th of June 2024, 179th AGM, the Morayshire loon is President. Initially terrified but with the support of everyone we moved on.

Cereal growing competition saw the usual entry of high-quality crops resulting in overall winner being Duncan Farms.

We then had the good farming practice open day at Kindrought farm hosted by Craig and Claire Grant. It was delayed until October because a new grain store was being built and what an impressive farming operation has been built up in such a short time.

The start of November saw our awards lunch. Beef again supplied by ABP which was very much appreciated.

With numbers up on the year, the format of the day worked very well and the good farming practice winner being announced at the end gives a climax to the day. I don't think I've ever been so nervous in my life when I walked in a saw almost 300 guests waiting for me to start the proceedings.

The following day our Press Officer Lesley Eaton handed in her resignation saying she didn't think she had the required skills set for the job. I thank Lesley for her hard work and wish all the best for the future. Thanks to Fiona and Claire for carrying on the social media coverage and Madeleine press releases. This is an area we need to look at to promote our society and promote our sponsors so they feel they are getting value for money.

In December, we had the turnip competition. As usual, groups of directors clad in oilskins and armed with snedors took to fields clipping neeps. Eventual winner in the turnip section was Rodney Blackhall and Stewart Davidson in the fodder beet.

Our December meeting saw us having our supper after the meeting, something I think should be encouraged. A wee get together, a bit of banter and a laugh is always good.

Into the new year, countdown for the spring show. New logo, online ticket sales and trade stands working very well.

On the 29th of January our longest standing director and honorary president John Telfer passed away. To mark his passing, we plan to name one of the students awards after him, something very fitting as John was principal at Clinterty College.

On to the Spring Show, 26th of February one or two minor hiccups but blessed with fine weather, trade stands full to capacity, increased entry of stock and a large attendance of spectators saw a great day.

The show has a reputation for a day that trade stands do business and it's the first time farm folk are out and about since Christmas, it's a real get together for friends and neighbours.

The following day the carcass competition at Woodheads, Turriff this really is a fantastic event you could travel the length and breadth of the country and not see a better display, a real credit to breeders and finishers in the North East.

It's a pity more people couldn't see the live judging the day before but H&S curtail that perhaps if the judging could be done in the exhibition hall more could see it but that would create other problems something that could maybe looked in to in the future. Congratulations to our very own Jimmy Dick for winning highest points in dead /live section.

14th of May saw trophy night well done to Anne and helpers, the trophies were looking amazing polished to perfection.

We had a presentation from Sandy Garvock, Men United on his experience on mental health and the organisation he has set up. It brings it home to you what real problems some people have and the price they think they have to pay.

The Final event of my presidency, Beef Tech 25 and what a way to go! Nothing but praise from start to finish. A huge effort from everyone, Brain and Scott fantastic job. Madeleine, it wouldn't have been possible without all the sponsors. Andy, trade stands and working demos - brilliant. Seminars all full and Virgin Money delighted, Stock judging and charity auction raising over £17k. An absolutely fantastic event, one trade stand holder asked where is next year event. This made the nineteen months of planning and hard work all worthwhile.

So that's it, my time has come to hand over the reins, it would not have been possible for this Morayshire loon to do this without the support, guidance and help from everyone here. This society is a highly respected, wonderful organisation. With my son James being away from home and nobody to bounce things off, my mental health was probably not in the best place, but coming to meeting you guys and getting the mick taken and seeing what other folk do has taken my mind of the daily grind and has certainly put me in a better place.

Finally, Vice Presidents Brian and Danny, you have been there for me whenever I've needed you, thank you and I hope you enjoy your term as much as I have.

Treasurer Margaret, you are a treasure working quietly in the background, every penny accounted for. Thank goodness for that chance phone call with Alan Cumming.

Fiona, you are just a machine. No matter what you just keep going. l speak for everyone here when I say thank you, you are incredible.

It has been a huge honour for me to be your President and I thank you for giving me the opportunity. I have sometimes been out of my comfort zone but have thoroughly enjoyed it and hope I've done the position justice.

THE ROYAL NORTHERN AGRICULTURAL SOCIETY (REGISTERED NUMBER: SC384324) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2025

FINANCIAL REVIEW

Principal risks and uncertainties

The year to 30 April 2025 saw satisfactory financial results based on strong financial management. The Spring Show held in February 2025 was a successful event.

The Directors have considered that the most appropriate policy for investing funds is within interest bearing bank accounts for short term purposes. In addition, the company holds selected investments, particularly within unit trusts for longer term security.The Directors are pleased that the market value of investments is in excess of cost.

The Directors feel that the present level of reserves is sufficient to enable the company to undertake its charitable activities.

Financial and risk management objectives and policies

It is evident that the company requires each year to raise finance. This is an ongoing process to ensure the work of the charity continues. The excellent work done by the society and it's members in raising finance over many years has however minimised this risk.

FUTURE PLANS

The company intends to continue to hold an annual Spring Show along with other specialist events to promote good agricultural practice and to promote education of school children and young adults.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Royal Northern Agricultural Society is a charitable company limited by guarantee, incorporated on 26 August 2010, The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company is registered as a charity with the Office of Scottish Charity Regulator. Membership of the company is open to individuals and organisations who support the objectives of the company. In the event of the company being would up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

Directors are appointed by being proposed by members of the Board. The Board of Directors of the company consists of persons, all whom are members of the company.

Directors are given an initial briefing by the chair and company secretary to familiarise themselves with the role of a Board member. Director's training is ongoing throughout the year.

The company currently has a Board consisting of 9 members. The Board meets regularly throughout the year to manage all aspects of the company, with the company secretary in attendance at the Board meetings but having no voting rights, The Board appoints a convener to take control when special events are organised.

The key personnel are considered to be the directors who do not receive any remuneration.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC384324 (Scotland)

Registered Charity number

SC041765

Registered office

Kirkton

Mintlaw

Peterhead

Aberdeenshire

AB42 4HZ

THE ROYAL NORTHERN AGRICULTURAL SOCIETY (REGISTERED NUMBER: SC384324) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2025

Trustees

Mr R W Blackhall (resigned 1.8.25)

Mr D A Cumming

Mr J S Dick

Mr R B Newlands (resigned 1.8.25)

Mr W P Stewart

Mr J Telfer (resigned 13.12.24)

Mr K J Walker (resigned 1.8.25)

Mr J C MacIver

Mr B Ross

Mrs R Anderson (appointed 1.8.25)

Mr D Skinner (appointed 29.8.25)

Company Secretary

Mrs F E Davidson

Independent Examiner

Susan M Hepburn CA ATT

Leiper & Summers

4 Charlotte Street

Fraserburgh

Aberdeenshire

AB43 9JE

Approved by order of the board of trustees on 15 January 2026 and signed on its behalf by:

Mr J C MacIver - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE ROYAL NORTHERN AGRICULTURAL SOCIETY

I report on the accounts for the year ended 30 April 2025 set out on pages six to fifteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

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.

Susan M Hepburn CA ATT

The Institute of Chartered Accountants of Scotland

Leiper & Summers

4 Charlotte Street

Fraserburgh

Aberdeenshire

AB43 9JE

15 January 2026

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 APRIL 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| funds |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Charitable activities

Spring Show | 110,815 |  | 92,534 |

Annual Award Scheme | 14,786 |  | 13,217 |

Donations | - |  | 45 |

Good Farming Practice | 2,000 |  | 2,000 |

Investment income | 2 | 5,088 |  | 4,883 |

Other income | 3 | 5,076 |  | 3,888 |

Total | 137,765 |  | 116,567 |

EXPENDITURE ON

Charitable activities

Spring Show | 68,830 |  | 67,895 |

Annual Award Scheme | 16,394 |  | 10,188 |

Donations | 5,800 |  | 6,260 |

Good Farming Practice | 2,008 |  | 2,019 |

Other | 51,085 |  | 44,873 |

Total | 144,117 |  | 131,235 |

Net gains on investments | 6,955 |  | 14,798 |

NET INCOME | 603 |  | 130 |

RECONCILIATION OF FUNDS

Total funds brought forward | 300,601 |  | 300,471 |

TOTAL FUNDS CARRIED FORWARD | 301,204 |  | 300,601 |

THE ROYAL NORTHERN AGRICULTURAL SOCIETY (REGISTERED NUMBER: SC384324) |

BALANCE SHEET

30 APRIL 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| funds |  | funds

| Notes | £ | £ |

FIXED ASSETS |

Tangible assets | 7 | 19,445 |  | 21,354 |

Investments | 8 | 268,456 |  | 259,342 |

287,901 |  | 280,696 |

CURRENT ASSETS |

Stocks | 9 | - |  | 1,223 |

Debtors | 10 | 50,818 |  | 27,231 |

Cash at bank | 75,596 |  | 24,767 |

126,414 |  | 53,221 |

CREDITORS |

Amounts falling due within one year | 11 | (113,111 | ) | (33,316 | )

NET CURRENT ASSETS | 13,303 |  | 19,905 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 301,204 |  | 300,601 |

NET ASSETS | 301,204 |  | 300,601 |

FUNDS | 12

Unrestricted funds | 301,204 |  | 300,601 |

TOTAL FUNDS | 301,204 |  | 300,601 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

THE ROYAL NORTHERN AGRICULTURAL SOCIETY (REGISTERED NUMBER: SC384324) |

BALANCE SHEET - continued

30 APRIL 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 January 2026 and were signed on its behalf by:

Mr J C MacIver - Trustee

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulation 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

| The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| Going concern

| At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

| Income

| Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

| Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

| Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

| Expenditure

| Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

| Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

| All costs are allocated to expenditure categories reflecting the use of the resource.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on reducing balance and 5% on reducing balance

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

1. | ACCOUNTING POLICIES - continued

| Fund accounting

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments and original maturities of three months or less.

| Financial Instruments

| A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

| Limited by guarantee

| There is no share capital. The company is limited by guarantee not exceeding £1 per member. At 30 April 2025 there were 7 members.

| Judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

2. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Income from listed investments | 4,993 |  | 4,447 |  |

| Bank account interest | 29 |  | 436 |  |

| Loan interest | 66 |  | - |  |

5,088 |  | 4,883 |  |

3. | OTHER INCOME

| 2025 |  | 2024

£ | £ |

| Growing Cereal Competition | 791 |  | 811 |  |

| Memberships | 3,765 |  | 2,485 |  |

| Growing Turnip Competition | 520 |  | 592 |  |

5,076 |  | 3,888 |  |

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 1,909 |  | 455 |  |

5. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.

6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted

| funds

£ |

| INCOME AND ENDOWMENTS FROM

| Charitable activities

| Spring Show | 92,534 |

| Annual Award Scheme | 13,217 |

| Donations | 45 |

| Good Farming Practice | 2,000 |

| Investment income | 4,883 |

| Other income | 3,888 |

| Total | 116,567 |

| EXPENDITURE ON

| Charitable activities

| Spring Show | 67,895 |

| Annual Award Scheme | 10,188 |

| Donations | 6,260 |

| Good Farming Practice | 2,019 |

| Other | 44,873 |

| Total | 131,235 |

| Net gains on investments | 14,798 |

| NET INCOME | 130 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 300,471 |

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

| Unrestricted

| funds

£ |

| TOTAL FUNDS CARRIED FORWARD | 300,601 |

7. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 May 2024 and 30 April 2025 | 21,809 |  |

| DEPRECIATION

| At 1 May 2024 | 455 |  |

| Charge for year | 1,909 |  |

| At 30 April 2025 | 2,364 |  |

| NET BOOK VALUE

| At 30 April 2025 | 19,445 |  |

| At 30 April 2024 | 21,354 |  |

8. | FIXED ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Shares | 248,456 |  | 239,342 |  |

| Other | 20,000 |  | 20,000 |  |

268,456 |  | 259,342 |  |

| Additional information as follows:

| Listed

| investments

£ |

| MARKET VALUE

| At 1 May 2024 | 239,342 |  |

| Additions | 63,964 |  |

| Disposals | (59,060 | ) |

| Revaluations | 4,210 |  |

| At 30 April 2025 | 248,456 |  |

| NET BOOK VALUE

| At 30 April 2025 | 248,456 |  |

| At 30 April 2024 | 239,342 |  |

| There were no investment assets outside the UK.

| All listed investments shown above are held at valuation based on the market value at the year end.

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

8. | FIXED ASSET INVESTMENTS - continued

| Investments (neither listed nor unlisted) were as follows:

2025 | 2024 |

£ | £ |

| Other investments | 20,000 |  | 20,000 |  |

9. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | - |  | 1,223 |  |

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other debtors | 50,818 |  | 27,231 |  |

11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other creditors | 29,933 |  | 29,311 |  |

| Accrued expenses | 83,178 |  | 4,005 |  |

113,111 |  | 33,316 |  |

12. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.5.24 |  | in funds |  | 30.4.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 207,595 |  | (3,607 | ) | 203,988 |  |

| Revaluation Reserve | 93,006 |  | 4,210 |  | 97,216 |  |

300,601 |  | 603 |  | 301,204 |  |

| TOTAL FUNDS | 300,601 |  | 603 |  | 301,204 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 137,765 |  | (144,117 | ) | 2,745 |  | (3,607 | ) |

| Revaluation Reserve | - |  | - |  | 4,210 |  | 4,210 |  |

137,765 |  | (144,117 | ) | 6,955 |  | 603 |  |

| TOTAL FUNDS | 137,765 |  | (144,117 | ) | 6,955 |  | 603 |  |

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

12. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.5.23 |  | in funds |  | funds |  | 30.4.24 |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 202,749 |  | (11,941 | ) | 16,787 |  | 207,595 |  |

| Endowment Prize Fund | 995 |  | - |  | (995 | ) | - |  |

| North of Scotland Pig Producers Fund | 15,185 |  | 607 |  | (15,792 | ) | - |  |

| Revaluation Reserve | 81,542 |  | 11,464 |  | - |  | 93,006 |  |

300,471 |  | 130 |  | - |  | 300,601 |  |

| TOTAL FUNDS | 300,471 |  | 130 |  | - |  | 300,601 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 115,960 |  | (131,235 | ) | 3,334 |  | (11,941 | ) |

| North of Scotland Pig Producers Fund | 607 |  | - |  | - |  | 607 |  |

| Revaluation Reserve | - |  | - |  | 11,464 |  | 11,464 |  |

116,567 |  | (131,235 | ) | 14,798 |  | 130 |  |

| TOTAL FUNDS | 116,567 |  | (131,235 | ) | 14,798 |  | 130 |  |

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.5.23 |  | in funds |  | funds |  | 30.4.25 |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 202,749 |  | (15,548 | ) | 16,787 |  | 203,988 |  |

| Endowment Prize Fund | 995 |  | - |  | (995 | ) | - |  |

| North of Scotland Pig Producers Fund | 15,185 |  | 607 |  | (15,792 | ) | - |  |

| Revaluation Reserve | 81,542 |  | 15,674 |  | - |  | 97,216 |  |

300,471 |  | 733 |  | - |  | 301,204 |  |

| TOTAL FUNDS | 300,471 |  | 733 |  | - |  | 301,204 |  |

| THE ROYAL NORTHERN AGRICULTURAL SOCIETY |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

12. | MOVEMENT IN FUNDS - continued

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 253,725 |  | (275,352 | ) | 6,079 |  | (15,548 | ) |

| North of Scotland Pig Producers Fund | 607 |  | - |  | - |  | 607 |  |

| Revaluation Reserve | - |  | - |  | 15,674 |  | 15,674 |  |

254,332 |  | (275,352 | ) | 21,753 |  | 733 |  |

| TOTAL FUNDS | 254,332 |  | (275,352 | ) | 21,753 |  | 733 |  |

13. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 30 April 2025.