Do9 En¥dcpe ID.. B1c67s51-82DE442A-82fj&FAJ T£cHF£sT Piomoling Science. Technology. Engineering and Maihemalits Scolltsh (hoiily M• S(010349 TECHFEST Limited b Guarantee Acom an DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11111 *AF51EQ124
DtswsvJn ErNelupe ID.. B1C67551-a2DE442A4265werAj TECHFEST INFORMATI NPAG Charlty Reglstratlon Number: SC010349 Company Reglstratlon Number: SC272046 Reglslered Olflce: 6 & 7 Iljeens Terrace ABERDEEN ABIO 1XL Operallonal Address: Bulchart Centre Univergty Road Aberdeen AB24 3UT Directors: Mr Thomas Sanders (Chair) Prof Mirela Delibegowc Prof Susannah Jenn5-Walsh Mr Ralph Mclnlosh Mr Daniel Clews (Appointed 05102120261 Mrs Kathryn McKee (Resigned 04102120261 Mrs Brenda Wyllie (Resigned 19109120251 Ms Sarah Chew {Resigned 19109r20251 Managlng Dlrector: Dr Martha Gawan Independenl Examiner. Lorna Jackson. CA Hail Morrice LLP 6 & 7 1)Jeens Terre AB10 1XL Bankers: Ba ol &oUand 39 Albyn Place Abwdeen AB10 1YN
ENekipe ID." B1C8755142DE-842A-82WEA8E044FA3 TECHFEST D1CtOrS, Report Irmjependenl Examiners, Report Statement of Financial Activities Balance Sheet Noles to the Finanad Slatements 9-10
Envelwe ID.. B1C67551.82DE442U2fjFA3 TECHFEST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 202 The directors present their report and financial statements of the company for the year ended 31 December 2025. Legal and administrative informalion is sel out on the Information Page. The ffinancial slalements have been prepared in accordance with ihe accounting wlicies sel out in Note 1 to the finarKial slalemenls and compty with Ihe charily's Memorandum and Artides of ASslation, Ihe Companies Act 2006. The Charities A¢counls (Scollandl Regulations 2006 las amended) arAJ the Ststemenl of Recommended Practice, "Accounting and Reporting by Charities.. issued in IX¢l)er 2019. 1. Oblecllves and Activitles Our Vlslon: By championing the promotion of Scien, Technology. Engineering and Malhemalics ISTEMI aclivilies that engage, challenge, inform and inspire the young people ol Scotland it will contribute 10 the nation having a STEM-ri( knowledge eeA)nomy and being recognised as a STEM-literale society. Our Mission: To promote Science, Technology, Engineering and Mathematics ISTEMI actNities to young people and the wider community. Our Values: Our people are our greatest asset - we treat each other faity. honestly arKI with respect. Sthools, colleges. industry. governrnenl aThJ the wider community are our clients. We build slrong relationships and welcome feedback to ensure our work remains respOnVe lo their needs. We embrace, promote and actively seek par1nerships that help realise our vision aThJ deliver meaningful impact. Health, Safety and the Environment are (ntral to our t4anning. operations and delivery. We are committed io clear financial reportiThJ aThJ the reswnsible management ot linancial risk across all areas of our business. TechFesfs vision, mission and values Teflecl our long-standing commitment, knowledge and experience in designing. developing and delivering highquality STEM engagement programmes for schools and communities. TechFest has an established track record of engagement with schcrt)Is auoss the North East ol Scotland. while also delivering activity throughout Scotland. This is rellecled in ihe scale ol our work, our strong reputation and our understanding of the edLKalion landscape across 1.32 Lcd Authority areas. Our objectives and strategic priorilies are fully detailed wiihin itr* TechFest Strategy. 2. Achlevements and PerIormae In 2025, the Board conlinued to provide guKJance lo the TethFesl leam. as Ihe refreshed Siralegy continued to be embedding into the design. developmenl and delNery of Ihe annual prograrnme. In the previous year, we increased the capacity ol the TechFèsi team lo deliver the diversity ol programmes across Scolland, this was maintained in Ihe current perit)J. The Board is incredibly grateful to the team lor thèir dedication and enthusiasm.
Docugn Envekpe ID." B1C675S1420E.842M26EfI44FA3 TECHFEST REPORT OF THE DIRECTO FOR THE YEAR ENDED ECEMBER 2025 In 2025 TechFest welcomed Martha Gavan to the wsition of Managing Direclor following the resignation of Sarah Chew. Following hef apFoinlrnent. Martha undertook a strategic ieview of the charity's cost base and has begun implementing changes to our supplier arrangements lo ensure best vdue for the charity. 2025 was a diificult year securing grant and swnsorship funding whilst the amounts have increased from Ihe previous year, TechFest continued to ulilise reserves brought fomard to invest maintain the expanded learn members. Delivering an exception year of engagernenl through inspiring prO1ts and events ihal reached more than 52.500 people and engaged leamers across 30 of Scotland's 32 local auihority areas, with a strong focus on the North Easl of ScotlaTrJ. Launching new inilialive5, inctuding Maths into Hydrogen. while continuing to successfully deliver a range of established long-term wojects throughoul the year. Leading the deltvery ol the education programme at Offshore Europe. The programme was highty successful and reNed oulslanding feedback from tth industry partners and participating schools. Securing a new contract as a leading delivery partner in Scotland for the Royal Inslilulion. while continuing long-standing partnerships wilh the British Science Association and other key stakeholders. 3. Flnances 3.1 Financial Revlew The headline is Ihal the company has made a nel delicil 01 £89,208 in 202512024= £123,911 delicitl. Total of accumulated lunds at 31 Decemter 2025 is now £313.217. compared with £402,425 a year eadier. The total arKumulated funds al 31 December 2025 01 £313,217 is carried in line with the reserves policy al 3.3 below. 3.2 Prlnclpal Fundlng Sources The Company's principal sources of funding are primarity by way of granls and SFxJnsorship - eithei project or annual funding lor specilic events. TechFesl remains highly e[rJen1 upon the energy Instry. whi¢h in turn is a major investor in, and driver of the energy transition. We are espe(ially graleful to the University of Aberdeen which has helFed immeasurably as our landlord since TechFest was foun¢Jed. and lo Rotrt Gordon University which host the Schwls Prograrnme and rnany of the wblic wogramme Festival events. The prinapal Festival SFonsors were Shell and bp whose unslinling commitnnt now spans more than two decades. We continue lo have ongoing from Aberdeen City Counal, Aberdeenshirè Council, North East Scotland College. Developing Young Workforce aThJ the Scottish Government. We are indebted lo all our sponsors, some ol whom have remwned loyal over many. many years. so providing ihe solid foiindation that a charity such as TethFest absolutely depends UFQn. 3.3 Reserves Pollcy Unrestricted funds are needed lo". Provide funds which can be designated to S1c1C projects lo enable"these projects to be undertaken al short notice., and Cover administration lun&raising and supwrt costs without which Ihe ¢arity could not function.
DoeJAgn ErNdopÈ ID.. BIC67551-82DE-842A-82fj&UWE044FA3 TECHFEST REPORT OF THE DIRECTO FOR THE YEAR ENDED 31 DECEMBER 2025 The Board InsiderS it prudent th* unrestricted reserves should be sufflent. Cover one year's admini5tralion fund-raising a1 SLWOrt costs; and Prov¢de a pool equal lo 1 Oyo of ihe average charilaNe expenditure over the preceding Iwo years from which funds can be designated to spectlic projects. The level ol resèrves is montlored and vieWed by the Board. the level is considered lo be appropriate. The unrestricted reserves al the yearond are £313,21712024: £402.4251 and have more than achieved the requiremenls set out above. The Charity held restricted funds al the year-end ol £nil. {2024= £nill. TechFest is pleased lo reFKSrt that, once again. il remains financially resilienl. 4. Plans for the Future TechFest continues lo promote STEM and provides a brtdge beeen industry and educalion. The Impa of projecl-based learning inilialives within education is now recognised as being effective across dl sectors as we work collaboratively wilh stakeholders to meet the STEM skills shortage and ensure we have the workforce ol the lulure. As noted in the Financial Review, a large part of our financial support comes from the energy industry which is a key investor in the energy Iransilion. Rewgnising that energy transition is front and cenlre in the minds ol many increases the imp)rtance of STEM Iwowledge for our young people and Community. The Board are focussed on achieving a barteed l)u(h3et for 2026 and beyond a1 are exploring new fundraising opportunities to accomplish this. 4.1 Te¢hFest Annual Programme ot events Ai TechFesl, we aim to Conlin delivering high levels of engagement and participation across our festivals, outreach actiwties a1 school programmes. Key objeclives indude: Wilhin Aberdeen City and Aberdeenshire schcds, we will continue to meet demand thrwgh our Early Years, Primary and Secondary outreach programmes. Our aFproach is tailored lo the needs of irKlividual schools, ensuring rnerS and educators benefit Ihe breadth and diversity of TechFest's programmes. TechFesi will continue to SUPF()rt ScdaThl's transition to Nel Zero through STEM lTeach activÉties, alongside continued collaboration with industry, education and community partners. 2025 saw the return of our newly rergIsed Engineer 'n' r Lives PTogramme, lunded by ETZ and CNCK)C Inlemalional. This immersive inilialive provides young people with unique opportunities lo explore engineering in the conlexl ol future energy Syslems arnl emerging induslries, helping lo inspire the next generation of talent required to support Scotland's evolving economic and energy landscape.
DDEusvJn Envelope ID.. BIC67551420E-842A-825•E044FA3 TECHFEST po F THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2025 S. Structure, Govemance and Alanagemenl 5.1 Goveming Document The organisalion is a charitae company limited by guarantee, incorwrated on 16 August 2004. TechFesl was established under a Memorandum of Association whid) eslatrAished the objects and powers of the charitable company arKI is govern under its Articles ol Associalion. In the event ol TechFesl being wound up the members are required lo contrilxjte an arnnt not exceeding £1. In 2022 the Board undertook a review of the Memorandum of Asscoation and the Artides ol Association. This led lo the approval, by way of special $OlUtion passed at the 2023 AGM. ot an increase in the maximum number of Directors from 7 to 8. 5.2 Recruitrnenl arKI Appointmonl of Directots those already In pla¢e. The Board is responsible for settiThJ the slraiegic direction arKI polries ol the Charity, while ensuring ornpliance wlh the requirements of OSCR Ilhe Office ol the Scottish Charity Regulalorl. TechFest seeks lo appoint Directors who have a strong inlerest in the Charity's objectives aThJ whose skills. knowledge and experience ComeMent those already represented on the Board. At each AGM, Directors who have seNed the I1 period Sin their last apwinlment or reapwinlmenl are required lo retire Exjt are eligible for re-eleclion. The Board recognises the imp)rtance of peri¢>Jically refreshing its membership lo ensure a balan of continuity. new persFeclives and expertise. Al the 2025 AGM, Tom sande was ftymally a)Inted as Chair. succeeding Brenda Wyllie lollowsng her resignation from the Board. 5.3 Direclors Induction and Tralnlng Policy New board members undergo an orientation session to brief them on Iheir legal obligations under charity and company law, the content ol the Memorandum and Arlicles of Asstxialion, the committee and decision- making processes, the strategy. and recenl linancial performance ol the charity. During Ihe induction session they meet key employees armj other t#)ard members. Board rnernbers are encouraged to attend appropriate external training events where these 7MII facilitate the Undertang of their role. 5.4 Organlsallonal Stw¢ture In 2025 the Boar(I mel 4 times I[uding the AGM. All meetiNJs were held in person wrth an option to attend via a video link. 5.5 Rlsk Managemenl The trt)ard is responwble lor Ihe management ol Ihe risks faced by the TechFesl. Risks are tdenlified. assessed and controls established throughout the year. A formal review of the TechFesl's risk management process is undertaken on an annua] basis. Through the risk managemenl processes established lor the TechFest, the board is satisfied that the major risks identified have been adequately mitigated where necessary. 11 is recognised that systems can only provide reasonable, noi abSOte, assurance that major risks have been adequately managed. Health. Safety & Environment is al the heart ol the TechFest's planning, operation arxl delivery.
Docu%gn Envek7pe ID.. B1C675514XIE442kn82E044FAY TECHFEST F THE DIRECTORS YEAR ENDED 31 DECEMBER 2025 TH 6. Aesponslbllllles ot the Direclors The Direclots are responsible for preparing Ihe Annual Rewrt al the fiarla1 alernents in accordance with applicable law and Uniled Kingdom knounting Standards (United Kingdom Generally Accepted Accounling Practice). Company law requires the Directors lo prepare financial slalemenls for each financial year, which give a true and fair view ol the slate ol affairs ol the chariiaue company and ol the incoming resources and applicab'on ol resources, including income and expenditure, of the charitable company for Ihal period. In preparing these linancial slalemenls. the Iruslees are required lo'.- Selecl suitable accounling poloes and Ihen apth them nsisteni1y,. Observe the methods and prinoples in the Charities SORP 2019 {FRS 1021. Make judgements and estimates that are reasonable and prudent" Stale whether apreable UK AontIng staards have been followed, subject to any maleiial departures disclos1 and explained in the finan(aal slalements- and Prepare the financial statements on the going concem basis unsS il is inappropriate lo presvrne that the charitable company will continue in operation. The Directors are responsible for keeping proper accounting records that disdose wth asonable acwracy at any time the financial position ol TechFest and to enable them to ensure that the financial siaiements comply with the Companies Act 2006. the Charilies and Truslee Investment (S¢oUandl Act 2005 and the Charities Accounls IS¢ollandl Regulations 2006 las amended). They are also responsible lor safeguarding the assels of TechFesl and hence for taking reasonatrje steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance wilh Ihe specil provisions ol Part 15 of the Companies Act 2006 relating lo small companies. The Direclors. Report was approved by the Board of Directors on the 10 June 2026. Tom Sanders Chair
Do¢uJtgn ErvAtye ILk. B1C67551.620E44ZI-82WEA8E044FA3 TECHFEST DEPENDEfrif EXAMINERS REPORT TO THE DIRECTO OF TECHFEST I report on the accounts ol the charity for th& year end 31 Dember 2025 whh are set out on pages 71014. Respectiva responslbllltles of trustees and examlner The charity's truslees. who are also the diRctors of the comFHny for the purposes of company Law, are rèsponsiue for the preparation of the acUnts in accordance with the terms ol the Charities and Trustee Investrnenl Iscollandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2C()6 (as amended}. The charity trustees consder that the audit requiremenl of Regulation 10111 la} to Icl ol the Accounts Regulalions does not apply. tt is my resFKJnsibility lo examine the accounts as required under section 44{1 } Icl ol the Act and lo state whether particular matters have come lo my attention. Basls of Independent examlns stalemenl My examination is carried out in accordartt with Rewlalion 11 of the 2006 Accounts Regulations. An examination includes a review ol the accounling records kept by Ihe charity and a mparisOn of the accounts presented with those records. It also Ine5 consideration ol any unusual items or disclosures in the accounts and seeks explanations from the Iruslees corKeming any such matters. The procedures undertaken do not prowde all the evidence thal would be required in an audit. and Consequenlly I do not express an audit op1ron on ihe view given by Ihe accounts. Independent examlner's statement In the course ol my examination. no matter has come to my attenlion". which gives me reasonats4e cause to telieve Ihal in any material respect the requirements.. lo keep accounting cold$ in aCrdance tyth Sectr'on 44(1) la) ol the 2005 Act and Aegulalions 4 01 the 2006 Accounts Regulations. and to prepare accounts which actord with the accounting record5 and comply yh Regulation 8 of the 2006 Accounts Regulath)ns: have not been met; or 2 to which. in my opinion. attenlion shoukj LE drawn in order to enabte a proper understanding of the accounts lo be reached. Lorna Jackson. CA For and on behalf ol Hall Morrice LLP Chartafed Accounlanls Aberdeen, 30 June a)26
DS*Jn ETh¥elJpE ID.. B1C67551420E-842A426WEE04IFAJ TECHFEST STATEMEKf OF FINANCIAL ACTivrti Incor oratln Income and Ex endlture Account FOR THE YEAR ENDED 31 DECEMBER 20 Unmtrlcted Fun Restricted 2025 2024 Incom8 and Endowments from: Grants and Donations (Note 21 Charitable Activities 66,133 115.659 30,0 96,133 115.659 196.083 5,472 89,000 48,581 207,85B 8,177 Other Trading Aclivilies Other Income 196,1183 5.472 Investments Total In¢ome and Ermlowmenls 419435 ExperKliture on: Charitable Activities {Note 3} Total Expendlture Net Income 508 643 488 317 47 (89208) 189.208} 1123,911) Transfers belween Funds (Nole 11) Not Movement In FuThls 189,2081 189.208} 1123.9111 Total Funds brought forward Total Funds carnied foThMrd 313.217 313,217 402,425 The statement ol financial activities also comkleS with the rw4uirements for an income and expendilure account under the CThnpanies Act 2006.
Docu*gn Erwdq)è ID.. B1C6755142DE442U2fjE044FA3 TECHFEST BALANCE SHEEr AS AT 31 DECEMBER 2ff2 24 Flxed Assets Tangible assets {Nole 6) 15.859 22,355 Current Assets Debtors {Note 71 Cash ai Bank 84.090 255.605 100 93.415 332,014 Cash in Hand 425.529 Credltors Amounts falling due thin one year (Note 8) Nel Current Assets 42 297 Net Assets 313,217 402,425 Capltal and Reswves Reslricled FurKls {Not8 11) Designated Funds (Note 111 Unrestricted Funds (Note 11) 313 313.217 402.425 The directors confim that the company was entitled to exemption frorn Ihe quirement lo have an audit under the provisions ol seCtn 477111 of Ihe Companies Act 2006 arKI thal the members have not required the company to obtain an audit lor the year in accordance wrth section 476111 ol Ihal Act. The directors ad(nowledge their restK)nsilIty lo ensure that the company keeps accounting records in accordance with section 386 and to prepare accounls which gwe a true and fair wew of the stale ol affwrs ol Ihe company as al the end ol the financial year and of its surplus for that ffinaal year in accordance with seclion 394 and which otherwise comply with the Companies Act 2006 as far as appficabfe lo the company. These finarla1 slalemenls have been prepared in"accordance with the wal provisions of Part 15 of the Companies Act 2006 relating lo small companies. AFproved by the Board on the 10 June 2026 signed on their tehalf by tbm ga Tom Sanders Chair Company Reglstratlon No: SC272046
Docusljn En¥eknpÈ10.. B1C67551-820E442A426WWE044FA3 TECHFEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng Poll¢les la) Basls of preparatlon The financial slalemenls have been prepared under the hkstorical st convention with items recogni5ed at C051 or transaction vdue unless oiherwise staled in the relevant notes lo these accounts. The finanoal sialements have been prepared in accordance with the Statement ol Recommended Practice.. Accounling and Rewrting by Charities prepartng Iheir accounts in accordance wilh the Financial Rewrting Standard applicable in the UK and Republic of Iieland IFRS 1021. the Charities and Tntee Investment (Scotland) Act 2005 and the Charities Accounts IScotlarKII Regulaliorbs 2(Ki6 {as amerKled). Th8 charity constiiul8S a KKJblic benefil entity as defined by FRS 102. The finaal slalements are prepared in sterling which is the funclional CuencY ol the company. Monetary amounts in these lina1 stalemenls are rounded to the nearest £. The trustees consKler that there are no material uncertainties about the charity's ability to continue as a going conwn. (b) Funding account Funds are Classified as reslricled or unrestrict&J fuTrJs. defined as follows.. i) Reslricle¢J furKls a funds subject to Swi1 declaralion by Ihe (k)nor or expendable al the discretion of the directors in furtherance of a parlicular activity. li} Unreslricied lurKEs are expendatle al the diScretn of the direclors in furtheran ol the aims of Ihe charitable ¢ompany. lill Designated funds are unreslricled furKls earmarked by the directors foi a particular purpose. (¢) Income and endoTRmients All incoming resources are induded in the Statement ol FinarJaI Aclivthes when the company is entitled lo the income and the amount can be quantified with reasonable accuracy. The lollowirvJ specific tx)li¢ies are applied 10 particular categorEs ol Inme.. i) Voluntary inccmne is received by way of th)nalion and 9fts and is includ&1 in lull in the Statement ol Financial Activities when receivable. Donaled gifts in kiTrJ are included al valuation and recognised as income when Ihey are provided lo the projects. No amounts a included for donat facilities as these cannot be quantilied by the third paty L*aring the cost. No amounts are included for services donated by volunleers. ill Income resources Irom granls, where related to performance and Speci1 delsverables, are accounted for as the charity earns the righi to ¢onsideTaiion by its pertorrnance. Delerfed income represents amounts r1Ved for lulure periLvJs and is released to incoming resources in the pericKI lor which il is received. iiil Investmenl income is included when receivable. (d) Expenditure Expenditure is recognised on an acCruS basis as a liaLility is inajrred as folknvs: il Charitalle expenditure )rnlse Ihose costs inlITe by the charity in the delivery of its activities and services lor ils beneltciaries. 11 includes boih costs that can be allocated direclly to such aclivities as well as those of an indirect nature necessary to support them. {e) Leaslng Rentals pay8 under operatirth3 leases are charged against income on a straight-line basis over the lease tem.
DoEuslgn Erwdcpe ID.. 81C67551420E442knlcSEEO4dFA3 TECHFEST NOTES TO THE FINANCIAL STATEMETrTrs Cont FOR THE YEAR ENDED 31 DECEMBER 2025 (D Taxation The rnpanY is recognised by HM Revenue & Customs as a charity and. as a consequence of the tax reliefs avalable in relation to the current year. income is not li*le to taxation. (g) TgIble Ilxed assets depreclallon Tangible ffixed assets are stated at cosl less depreciation. Depreciation is provided al rales cakulaled lo write off the cost less estimated residual vdue of each asset over ils expected useful life. as follows.. offi Equiwneni Plant & Machinery 25% Straight lin8 10% Straght li (h) Debtors Trade and other debtors are recognised al Ihe settlemenl amounl. PTepaymenis are valued at the amounl prepaid. (l) CredRors Creditors are regnised where the charity has a presenl otAigatw)n resulting from a past event that will probably result in the transfer of funds lo a third paty and the amount due lo settle the obligation can be measured OT estimated reliably. Credilors are miallY recognised al their settlement amount. a) Cash at bank and In hand Cash at bank and cash in hand includes cash and short tem highty liquid investments with a short maturity of six month5 or less from the dale of acquisition or opening of Ihe deposit or similar aCc(ni. (k) Employee benefits The cost of short-lerm empk)yee benelits is rwnised as a liability and an expense. unless those costs are fequired to be ieccmjnised as part of ihe c05t of stock ol fixed assets. The cost of any unused holiday entlement is recognised in the period in which the employee's services are received. Termination beneffits are recognised immedialely as an expense when the company is demonstraw committed to terminate the employment of an emYee or lo provide temiination benefits. 2. Income and End¢)wments In 2025. £30,OCM)12024.' £25,000) of the Grants and Donations were attriklable to restricted income. £25.000 relates lo a Scollish Govemment Giant and is used lor the Techfesl Festival. £5.000 felales to the UK Shared Prosperity Fund {UKSPF}, funding from Aberdeen City COL¢11 lo deliver Blueprint, a project for secondary school pupils in Aberdeen City.
Envebpe ID.. 81C6755142DE442A-828O14PA3 TECHFEST TES TO THE FINANCIAL STATEMENTS Contd FOR THE YEAR ENDED 31 DECEMBER 2025 3. Expendlluro Llnrestricted Funds Restricted Funds 2025 2024 Charitsble Activltles Evenl Cosls Staff Salaries Travel and Subsistence Mat1(eting and Promotion Renl and Insurance Printing and StaliorEry Website & IT Photijcopying and Postage Subscriptions Sundry ExFenses Depreciation Legal and Prole&sional Fees 41,476 351,236 10,266 31,414 9.270 3.267 2.665 228 1,1 9,702 6201 3.732 45,208 18.815 370,051 924 11.190 2.827 34.241 834 10.104 294 3.561 240 2.5 20 248 107 1.297 873 10.575 558 6.759 776 24,724 361,749 9.548 38.248 10.292 7,964 3,023 198 941 9,739 8,656 30 000 505 543 Governan¢e Costs Annual Rerx)rt Total 478,643 30,000 $08,643 488,317 In 2025, £30.CMXJ 12024: £25.000) of the Charitable ExpeIllure was attributable lo restricted expenditure. 4. Staff Costs Salaries and Wages Pensions Social Security Costs 332,172 11.517 327,260 10.541 370.051 361.749 The average monthly number of emOyeeS during Ihe year was as follows:_ Directors Administration Eveni Workers Project Sp8cific (Templ No 15 During the year. no members of stsff had emolurnents. including benefits in nd, was wiihin the range of £60.000 10 £69.999 {2024- one emEoYee belween £60,000 aTrJ £69,999 per annum}. During the year, key management {2 Direciors) received £96,023 in remuneratK)n for services provided. 12024 - 2 Directors received £111.878}. This remuneration is paid urmjer the company's Articles ol Association. During the year, £391 12024 - £1.1221 was reimbursed io managing director. Sarah Chew, for expenses incurred during the year. These expenses related to travel and Subsisten o)sls incurred as part ol her role. -11-
Dr81 Enve) ID: 61c6755142DE.842u26Eo44FAJ TECHFEST NOTES TO THE ANANCIAL STATEMENTS Contd FOR THE YEAR ENDED 31 DECEMBER 2025 5. Independent Examlner's Remuneratlon The independent examinerfs remuneration constituted an indeFendent exam fee 01 £3,100 12024- £3.0001. Tanglble Flxed Assets Plant & Cost At 1 January 2025 Additions At 31 December 2025 23.903 70,589 Depreclatlon At 1 January 2025 Charge for year Ai 31 December 2025 34.099 14,134 48,233 Net Book Value At 31 December 2025 10.175 15.859 At 1 January 2025 12.587 9.769 22,356 Debtors Trade Deblors Other Debtors Prepayments and Accrued Income 74.878 255 84.537 84.090 93,415 All trade deblors and prepaymenls aThJ accru&J inC£e related to unrestricted funds in 2025 and 2024. Credllors: Amounls Falllng Due Wlthln One Year 2025 Trade Credilors Other Creditors Accruals and deferre(l income Other taxes and social Serity costs 2,847 5,910 82 25,633 21,712 42,437 45.459 All ¢redilors in 2025 arKI 2024 relate to unrested fuThJs. -12-
Do¢usvJn en¥ehJp810.. B1C67S5142DE442A426emEFAy TECHFEST NOTES TO THE FINANCIAL STATEMENTS Conld FOR THE YEAR ENDED 31 DECEMBER 2025 Penslon and Oiher Post-Retlrernent Benefil Commitments Defined Contribution 2025 2024 Conlribulions paythe by Ihe company for the year 11.517 10,541 10. Members Liability TechFest is a company limited by guaranlee regisiered in Scoiland and not having a shaTe capital. The liability of the members is limited. Every memter undertakes to ¢ontrilxJle lo the assets of the company in the event of il being wound up while he is a member. or within one year after he ceases lo be a member, for payment of the debts and liabililies of the company contracted before he ceased lo be a rnernr, of the costs, charges and expenses of winding up. and lor adjuslmenl of the rights of the contribulories among themselves, such an arrK)unl as may be required not exceeding one pound sterling. 11. Funds Balance Incoming Oulgoing Funds Balance Restricted Funds Unrestrided Funds Oesignaled Funds Unrestricted FuTrJs 402 425 313217 Total Unreslrfcted Funds 42 Total Funds 402.425 419.435 {508.643) 313217 Balance Incomlng Outgolng 01.01.24 Resour ources Funds Balaneo Transfer 31.12.24 Restricted Funds Unrestrlcted Funds Designated Funds 36.113 136,1131 Unreslricted Funds 1IL406 47481 402425 Totsl Unrestrfcted Funds 14 Total Funds 526.336 364.406 (488,31 n 402,425 -1&
Do¢u4gn Envdop¢ ITr. BIC67551-62DE.e42A42W5EA8E044FA3 TECHFEST S TO THE FINANCIAL STATEMENTS Cont FOR THE YEAR ENDED 31 DECEMBER 2025 Restrlcted Funds Restricted Funds relate 10 a Scottish Government Grant for the Techfest Festival {£25,0001 and Aberdgen Cr(y Council grant lor the 8[*print Project (£5.0001. Deslgnated Funds Designated Funds are amounts allocated by the Directtys for programmes started in the current year lo be completed in subsequent years. 12. Analysis ol Net Assets Between Funds 202S Fixed Assets Current Assets CUrnt Liabilthes 15.859 339.795 15,859 339,795 313,217 313,217 2024 rl Fixed Assets Current Assets Current Liabilities 22.355 425,529 22,355 425,529 402.425 402,425 13. Commitments Unthr Operating Leases Ai 31 DecEmb8r 2025 the c£Jmpany had annual cijmrnitments under non-cancellable operating leases as follows- 2025 2024 Within one year 1,318 921 -14-