Profit recorded by Hawick Common Riding

Hawick Common Riding has recorded a profit of £17,500 from the summer's festival celebrations.

Despite rising costs and the loss of half of its normal sponsorship, organisers still managed to achieve a positive financial result.

Chairman Stuart Marshall said the profit was reached without having to raise the admission price for events.

As a result, a special reserve fund for the common riding's quincentenary year celebrations now stands at £90,000.

The finances are being built up ahead of the 500th anniversary of the Battle of Hornshole in 1514, which is a main feature of the common riding proceedings.