HAWICK REIVERS ASSOCIATION

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2026

Page

Company Information

1

Report of the Directors

2

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

Dr C S C Elliott

J R Craig

K Johnson

K J L Douglas

S Moffat

SECRETARY:

R W A Bannerman

REGISTERED OFFICE:

19 Buccleuch Street

Hawick

Roxburghshire

TD9 0HL

REGISTERED NUMBER:

SC281910 (Scotland)

ACCOUNTANTS:

JRW Hogg & Thorburn LLP

Chartered Accountants

19 Buccleuch Street

Hawick

Roxburghshire

TD9 0HL

The directors present their report with the financial statements of the company for the year ended 31st May 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of festival organisers.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st June 2025 to the date of this report.

Dr C S C Elliott

J R Craig

K Johnson

K J L Douglas

S Moffat

At the Annual General Meeting all the directors retire but are eligible for re-election.

GRANT FUNDING

We are very grateful for the support received from the Scottish Borders Council Community Festivals and Events Small Grants Scheme, Hawick Common Good Fund, and Teviotdale & Liddesdale Neighbourhood Support Fund, which enabled us to produce an exciting programme of events in the Festival's 23rd year.

AIMS

The objects of the Company are:

i) provide a community education project concentrating on Hawick's history, heritage and culture;

ii) promote economic growth by increasing visitor numbers in Hawick, by encouraging people to stay longer and spend money in the town;

iii) encourage social cohesion by bringing together the local community to work on the project, increasing capacity and confidence in the community;

iv) heighten people's awareness of the Reivers in art, performance and spectacle and bring some aspects of the 16th Century to life.

The following section illustrates how we achieved these aims.

THE 2026 FESTIVAL

Achievements

The committee are very happy to report on another successful Reivers Festival.

We were particularly pleased with the success of our new venues - both outdoor and in - all of which proved successful and greatly added to the atmosphere and general ambience of the various events.

The indoor venues (Hawick Rugby Club, Evergreen Hall and Baptist Church) also served to reduce the setup workload which previously fell to the volunteer committee.

The weather for 2026 was, for the most part, kind and allowed the Wee Haugh as a venue to show its full potential with the area being busy throughout the day. The committee received a lot of positive feedback on this from stall holders, re-enactors, performers and the general public.

Our links with the Ulster Scots Agency were again strengthened by the attendance of 31 children and staff from Lisbellaw Primary school in County Fermanagh, together with a small contingent from the agency itself.

We continue to receive massive support from the local community who turn out in large numbers to support our festival and help us welcome the many visitors to the town

As always the committee is indebted to all our funders, sponsors, advertisers and volunteers for helping deliver what was yet again,, a very successful and memorable Hawick Reivers Festival.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dr C S C Elliott - Director

18th August 2026

INCOME

23,615

21,075

Purchases

49

777

GROSS SURPLUS

23,566

20,298

Administrative expenses

22,524

22,032

OPERATING SURPLUS/(DEFICIT)

1,042

(1,734

)

Interest receivable and similar income

72

51

SURPLUS/(DEFICIT) BEFORE TAXATION

1,114

(1,683

)

Tax on surplus/(deficit)

14

10

SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR

1,100

(1,693

)

CURRENT ASSETS

Cash at bank

10,267

9,203

CREDITORS

Amounts falling due within one year

6

24

60

NET CURRENT ASSETS

10,243

9,143

TOTAL ASSETS LESS CURRENT LIABILITIES

10,243

9,143

RESERVES

Income and expenditure account

7

10,243

9,143

10,243

9,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which 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 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 company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18th August 2026 and were signed on its behalf by:

Dr C S C Elliott - Director

K Johnson - Director

1.	STATUTORY INFORMATION

Hawick Reivers Association is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Grants

Grants receivable in respect of expenditure incurred during the year are included in the income and expenditure account. Grants received in respect of future expenditure are deferred and matched against the expenditure in the year it is incurred. Grants received in respect of capital expenditure are deferred and released to the income and expenditure account over a period that matches the depreciation of the related fixed assets.

Investment Income

Bank interest is accounted for when receivable.

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 etc

-

20% on cost

Financial assets

Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.

At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.

Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	COMPANY STATUS

The company is limited by guarantee and not having a share capital. The members of the company are the trustees. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2025

and 31st May 2026

14,524

DEPRECIATION

At 1st June 2025

and 31st May 2026

14,524

NET BOOK VALUE

At 31st May 2026

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Corporation tax

24

10

Other creditors

-

50

24

60

7.

RESERVES

Income

and

expenditure

account

£

At 1st June 2025

9,143

Surplus for the year

1,100

At 31st May 2026

10,243