Shetknd Folk Festival Society ANNUAL REPORT OF ThE TRVSTEES AND UNAUDITED RECEIPTS & PAYMENTS ACCOUNTS for the year ended 30 September 2025 Charity R•gislrali)n No SC013445
Shetland Folk Festival Society ANNUAL REPORT OF THE TRUSTEES for the year ended 30 September 2025 The Trusts•s he pkasure m pe8enting their report trqathtrwith th8 fmnclol8tatftts Jrrfl IP iylwdènl trlhe year 8nd•d 30 SeMenJ¢r 21r25 REFERENCE th4DADMINISTrATIVE INFORK4TION CHARITY Tr14ME Shetland Fcth Sc TrUSTEES AND EXECUTWE COMMITTEE C Ford Cha¥rn8n, Mor¢handse, mbeh1pI St D Ntolson Trea5twer arKI Chthn ln10rm&h Te¢hWy and Lc¢al Ajtots and Ven Rafflos. Member5hvps Shop Artists, Feslival Prrjxarrffigr PA Luth'vJ Publiity and Sponsorship Murthi8or L Johnwn M IkLarA) R Mthenz L Johnson PRINCIPADDRESs 5 La ZE1 OEJ INDEPENDENT EXAMINER Ir¢ne Ha11e1C BACC CA AJ.8. Schol&s Ltd Si Olaf$ Hall Church Roqd LepHKk Shthbr# ZE1 BANKERS Bank of ScotlaTh 117 Ccfivmerdal Strè Shdlgnd ZE1 CON scorrisH CHARITY NUMBER SC013445
Shetland Folk Festival Society ANNUAL REPORT OF THE TRUSTEES for the year ended 30 September 2025 STRUCTURE. GOEftE AND N14NAGEME CONSMTWION Shetland Fdk Festiva Soc was thred as a ClIable Tnt und8r the Law cl by th• orhJ'nal Tnustees batween the dales of 27 May 1987 ar¥J 31 ALYdU8t 1987 Wlus, Chabl8 Staluswas 9rknl by PN Rovenue and Cu8ton on 31 AwJu811987. APPOINTIENT OF TRUSTEES TTUStees are elected on an annual basis by a mwty vot• of those present erkntbj to vrAe al t Annual Genwal Meeting of ihe m•1$ of Lhjly ele¢ted Trustees also fomi the ExeLutive Committfj8 of thp sCty and mFowered 1th tha SJcEly'$ admnrathJn and manwnent. MANAGEMENT Th• c(Mitte6 of tho Shetland FOVK Festival &1 reguL¥ly to thini$teT the aclNilk?s of the So¢. ith dlferenl responsbi11tk delated lo iThlivpJLo1 members. kn posstjle. n8w Trustges r1¥8 inthwdual induethjn from tho OLrtgokng eunmitteg rIber Vltth 8UPPOrt from tha Cha'm)an 8nd other TNslees as aFprOF1È. Al Conrteè nmbers afe enLaged to ut)dertg trnining as 4JpKpiiate to their ro and to keep up to d with reant pc4icy dfrvg1(yments. There is a dgJKat8d conynittsè member wpcmsble for ensur¥w that the Sctw's poh'ciès ara reVd as apprcpriale. and our voluntears are kepl to date Iwth any charges. The e<>re Ccfirtee of ten mern. we now abfy SUFVOrted by som• other k& vc4unt8èrs who support Il organisation all year round 89 twdl as lh• amy of vc4ureern who SUPFJt the ddNery of Iha 4 day event. RISK NAGEMENT The Memkn of the CoFrNnltee have assess the maior Sk5 to vthKh the ¢harly ext>)51 and ' partUlr cperth'ons and finances of tho FeslNal. Venw ar¥J Festpval8 the leth and bre•Jth of the Jntry conliiue to IKe unprec)l•d swial and eccrfhthc tha1nge5 with risry NAgriig$ coupbj vth a decreased spw#Jiro cyty in audnceS due to ri5inB ¢c41s of Imng. A8 the Costs of swing c4Jr annual FeStIv a sNIan1 rth15 Ihol ofthe avaabl of revenue funthn9 $twJrts the oJtr&ich dement3 of Ihe Festival We are $sfEd that the Fe5tNd can meel Ihe vKreased ¢osts thruu9h olternath sourtes of and that the syst8ms are m pbc lo mrtKJate our exposu to other risk$ 08JECTIVESAND ACTIVITIES Tha primary purpThe cl Socty is lo cryanise 8n arUal S'¥n Fdk Fe$tival, cetebrain9 101( mtjs d cullure. with a paTtsGul Shetland's 1radi11 holitage arKI IrhJdeThtal PUFP¢)ses and ot¥ectw8s are sgt out in the lety'S Trust Oeèd ACHIEVEMENTS AND PERFORMANCE The 43rd Shetland Folk FeslN81 in 2025 was deemod 8 )fossNe success frcm awJietKes, wbrrners, garysers and the wpjer communty we sur%essfLd catergj dNerse mu$Kal tastes frcffl Cdts'c, Svang. AmerKan8. Bluegrass, Ekclmt and rnh more in Ixfy¥een.
Shetland Folk Festival Society
ANNUAL REPORT OF THE TRUSTEES
for the year ended 30 September 2025
ACHIEVEMEMfs AND PERFOIIMANCE leonll)ith
2025 vas yw tt wa th¥ KaLOtinen.Slthd ox¢trge wo. wth w•6
a hup Su•s5. Wth Mlal knderSh prtwtded ty Shelknd's very om Amy
Kwstr•n'$ E8ko JaNdla. a dwebprnenlal q)portunty w85 provthd for low yOLmg muSan$
a1 fve Yng FThi3h rrAMicK?n$. After just days ol r8he8r8818, the group frtt performed 8$ the
¢Fenr#J * ai the Saturday Mrnl at the Fesb¥al. In J, the Sheuanders in¥dd
yth the proj rtwde a lory trTr lo KAAtinon in to sh$& again but aso lo
l part in N¥pl aThJ Fcth$kand. a hw N¢¥d eJueAt)ntil k¥oit invcfving efy) mus• •nd
thywca8ing tradittral Iwes frcffi Fnknj. Denm•k. Nc¥w8y, Sweden. Estmk? and ShetL9nd.
In lemg of the Fe8tfva. any yew. there hw clwlw tr) puiUng on a Iww¢al2 in
Shet1d, irduth'ng ha9 to iryort prodLKtivn eqwnwnl techn$ frcffi mairknd scot1.
respondThig to costs ¥<1 urK8rta•rty ? Ihe a¥a1lIty af cm mnue fundiy
swnsothp.
Fw th• 4V edkn cl I Fest. thwe Vwe ffie8n visitiry baTrJs arKI thiity
Shetland Folk Festival Society ANNUAL REPORT OF THE TRUSTEES ftjr the year ended 30 September 2025 ACHIEVEMENTS AND PERFOR1ME Iconlini Slice retuffung the Pan. the Festprdl has f(Mxsed realy h8rd on Twhaping Feslival Clth to be an cyn, r8b%ed and affor( OFrt#Jn for Fe881 goer6 to ar¢ess vthj ¢kqss vBiling afid ShetLand nNJsK. Festr1 membershy as a 'weekendeV Irket, ith 4 pthed day$ of pr¢Th)d mus offered on 8 fir$1 f¢ serve b$ in RINJn 16 in I86tlgh Ccrnunty Ceth, as well as rnukn'p Scheded 8essK)ns workshoFa are open to al abAt8. FamilEs Iwve been particular pjsilwe about thi5 deVelOpnl, M the basis of price it offeriThJ a relaxed daylirn seltyro to give clikknn scffle Iknvtyjrs of Ir4e music. There wefe 1758 merrt¢TS Fe51N81 2025. as wel as afound 2 dhers recewe oJryknenly Ikkeis to the dayliwE Clth) in retum wJlunte8riNJ. In 2025, th? free laster wcfjkshcps fcy Fe8fv81 ffenxrs inc1ed 'Sheiland FKldle'. Ehetland Daxing,. 'Nord¢ Tunes. and 'Choral srt¥'rvJ' Wih WOFkshop numbern ranging l2J particvAanls por8essi)n. In tern of lthle£l ttre twere trnty41x an 0r1 progrm of ffify4hre8 schedubl wKJagements. SirKe 2023. we have t¢keled the late nh1 FestNal Club, whh h5 signfftantty iw•as•d bMh numters ofiKket$ we have av8laJle and Ihg rwmbpe¥ wo $81. IlIng the corrplwnent8ry lickets Ihot w to key vobJnt88rs ke our actcrnmodalpjn hosts, fv FeslNal 9834 tets and wristbands for music programryd A) 12 diff8rert ven as part cl the 2025 Shelland Folk F8$tiwal. Hry1. overal nd8nce8 8r& 8stKnated to bé n•aM 11.CrfJ) wln you L¥Je Itketed ¢¢ert$, daylitrn prc4JrvAnmwvJ in the Cbjb, scfts)I outreach 8v8nts as well as the vKh&YubJ work8hcp8 8essk)n thii In temg of wr cortribulon to the kxal touri$m 8th. volunteer FeslivaS continues lo pUh v1 atove Ouf weJhl in temis ol provJing a ecooanic lyyjsl In the ShkIe1 seawn. The 2025 event atb&led ¢)ver 740 independent Vi5it0ts. includiro 185 from of the UK. These figures exdude the musKians aThJ creative wof8ssbJnals that VIÈ wth, who of cwr¥e JLIO cortrblthe 10 thIIK•nal s[ H) th& local econmry. However. Sfietland Folk Foslival remains pT&JL¥ninanlty * event for th• conmunity with at st 35(Kl Shelland residents tendirwJ Festival gvents. OrKe wJain, our ¥dunteer conmittee ar8 incredibty of what we delNefftJ n 2025. An estimated O volunieer hours 1 485 vdunlews p¥ted to rnake event a succe$8, leaving the core ¢onNnilee invigml and inspired to do it all ovwwJoin next yearl WrtW tha wAedib vc4Jnteer sweat equity that goes into dd1veri Ilig •veth. vokniteers openirvj t1r M•S lo arti¥te8. thè annual s1)d Fc4k F•stival sinpty couhj ncl h•pK as tyjr ovarheJ5 WOU be loo huh. Our thanks go lo exh arhy eNry ¢JM of our volunt8eTS. r pyate spxsots and Cre*i¥e ScottsThJ. Sa8 you n 20261 FUTURE PLANS Jr ti)tention is to cary prOnting an annual Shol&nd Folk FestNal duriThJ N4>fiWMay in Ihe c¢4 yeals, dwdoping n8w educatKmal projects as the Lypotunty arises assi41 to develop the tradrfional nwsr of Sh8Uand aNd tts prcrfThJtKn cxtside of Shetland too.
Shetland Folk Festival Society ANNUAL REPORT OF THE TRUSTEES for the yearended 30 September 2025 FIM4NCfAL REVIEW AKI RESERVES POLICY Undor guiS&l"ne4 our Inc(m• bok)w £250k V•E oithd In 2016 to from lull aTU&1 xoiints to Illed amints in Ihe fonn d TleceW & pay(rls." Ths cW8 kn 8ccountwoJ Sty ds by our Gf4nt Fundern •nd OSCR. AB a ros1 oftr l)88 d£10.264 forlhe year chaiity hetd lunds ¢rf£121,715 ¥t the yèar wd. th¢ ShellaK3LtThn TU excharye woiect. 8ntiupated ovwln knss in 2025 ak¥ays F4anrwJ to the b8knce ofthe Nordk TOM festrithd fund and to U86 frcm the Youth Prowarrn D8rtKt fijnd too. Genwal ld$ *e wwastr1c uch aro avaiknbb for us8 al the ol8crntK of ¢Mle8 in frJrtFwan¢e of the g8ner¥l ¢1 ts charly whh have not t4en deswJJ for 8ny ott wrpose By ordw ofthe Trth and EXUtP Comitl•• CFtye Chaimw) 5 Burns Lane StrUand ZE1 OEJ 30 ts.2
Shetland Folk Festival Society UNAUDITED RECEIPTS AND PAYMENTS ACCOUNT for Ihe year ended 30 Septernber 2025 2Q5 2025 unresth.cted RestriLed 2025 Total 2(r24 Total RECEIPTS Vdunw recapls.. Grants rwENed Sw>nsorship thJnab¢ Merchandlsa corr18 on atsts. sak5 15.0 15,CKKJ 21,346 13,732 13,761 17,CKJO 20,900 13.865 6,S92 21.346 13,732 13.761 RecptS Imm ¢h8ritabk trtIeS.. Mambership5 Funcorns Festhval Club donatK Kwstinen Fok Fè811val tra1 rewnbjrswnent s¢ellawus irK 31.770 121.782 2,397 31.770 29,570 121,782 115.126 2,397 1.s24 911 1,875 1,875 TOTAL RECEIPTS 2CE,663 15,000 221,e63 208.321 PAYMWS Cost of ILndraing. Merchande 1,579 252 8,890 Charitfo Artist5. f Travel PA hire FUtnS 48.465 17.671 61.7S2 19.761 13,450 800 1.000 850 61,5 52 995 18.471 18,116 62.752 43,679 20.611 17,692 L i'ii Festsvd Club PublKIy AccomrTrJdalKJn •xpense¥ Office aokninislr Heal Ivaht Bar* inlwest and ehar9es Perforrni RKJhts Swety Rates an insurance '5celLgnEQUS expenses Purchase ol ed assets Shelland-K•Jsllnen Tunè ExchawJe Fyoject 17,338 17,3Sg 1,350 10,8kn7 5,851 15,569 1,016 9.389 4.802 1,141 3,368 4.192 2.117 3.894 678 10.807 5.851 1,3L 3.926 4,612 2,114 3,239 3.926 4.612 2,114 3,239 758 758 6,485 TOTAL PAYMENTS 208.184 23.743 231.927 1W.479 {DEFICITySURPLUS FOR THE YEAR 11,521> 18.743} 110,264} 21,842
Shetland Folk Festival Society Charity Ragi81ratron No. SC013445 UNAUDITED STATEMENT OF BALANCES at 30 Septemb8r 2025 2025 2025 2025 2024 Unrostrthd Restricled TLXaf Tclal FuThYi Finjs FUNIS FuThts FUNDS RECONCILiATK)N Cash •)d bar •t stsrt clYr 86.524 45,4S5 131,979 110.137 SUr$1(DefItI $hcwm on P1S and payrnénlJ 11,521) (8,7431 (104) 21,842 CAshand bk bal$ at eNI clyoar 85.003 36.712 121.715 131,979 2024 aAW AND CASH 8ALAEs Bank current L(jnt Cash in Iw 118.445 131. 3.270 19 121,715 131.979 2Q25 2024 OTHER ASSETS I7[8$1n¢ TaNJfole ftted a¥8ets18tcmi}.' Herilth prop ork fLrritur8 fr¥Wnt 45,478 5.294 45,478 The net book value of asse18 W at 30 September 1$ 50,T12 ,014 Gr4nt8 donat8 due to ihe ¢h8Tity The 4Kcounts pages 1 to 9 wère aFvov&J by Ihe Executi CTh7th1t4• and atlhrywl for IS on aThJ si9n&Y on theli W by. C Fortyce ChawnHn Trea8u
Shetland Folk Festival Society Charity Registration No. SC013445 UNAUDITED NOTES TO THE FINANCIAL ACCOUNTS at 30 September 202S BASIS OF ACCOUNTING These ac¢wnt8 have bn prepored cn the and Pwments accordwcewth the cha&S and Trustee Investmpml (Scotkndl Act 200$ and trt Ch9rities Accounts IS Regulat5 20C6 las arnendI. GRANTS 202S 2024 Reslfjcted.. The NatKnal Lott•ry Ow Fd 15.OJO 17.¢)JO 15.¢0 17.WJ SPONSORSHIP & DONATIONS 2025 2024 Adenia Allad Takls AndeT8on Stratheam Arch Hender80n 500 SCO 2,500 Brae Stores 5QJ 74e 1 SCI) ErNuest Ernw¢w)d ESPL Fja GB & IAA Anderson J.W.Gray & Co & Carltiig LHD Lemck Port Authlxty MFV MerThn Moray Offshtye MtyJder5 A¢U18Cl RG Jans Scotttsh Sea Famis Seabkd$ & Seals 1.500 250 750 5CX) 750 500 1,000 4.¢)JO soo 750 ec() Mlscdlgns donations rec& 21,346 20,91M) Donatb)ns in klnd were ?L80 recefved during tho yew from Scholps Chatsred Accountsnts £2.705 (2024 - £2,705), Serco Northlw* Orkrw & Shetla1 Feffles Lt(1 £6,755 12024 - £6,204) and Shelland Art5 Deveknpwl IncY £2.49012024- £2.732).
Shetland Folk Festival Society Charity Registralion No. SC013445 UNAUDITED NOTES TO THE FINANCIAL ACCOUNTS at 30 September 2025 MOVEhlENTOF FUNDS Inccffling Expende 2025 urrnstr fimds.. Genwd frJTh 86.524 2C6.863 1208,1841 85.LK)3 Youth and 0eVek)wn8ntfd Ton8 fund The Natiwl Lottery Fund 14,IXQ 3.893 {4.092} 13.8931 115.cw 15.000 Uesignated funds.. Office arKI IT UpgTa1è Horilablo prwty fuTrJ 20x2 7.240 17581 19,564 7,240 funds 131.979 221,e63 (231.927) 121,71S Restrtd8d fur¥Js.' The Youth Pr¢¥raTr7ing D9¥eky1 FuThJ was ued to fillar¥ futur• •dlIan01 olttts. M¥itB. pgroupconc¢rts arKI F(tsntig1ty Suppkny ¢08ts d8tudents' mu$ turtion lees. The Nerfthc Ton8 ftmd is a rstrthJ furKI used to flnance luture ad•1)r1 wciecis ol the rbwe c4 ts NdT¢i w'ect, $tW in 2rJ)9. Thè Natj LrAtery Open Fund- 1$ a restitt•J luThJ lo be to wN)ort a pwlL)J of r•wrch. d¢Mk)rrtht andlcf drfivery clcreattve acdvty for up to 18 rr•)nth$. Designd funds.. The oifre IT UpJr&le ld was Created to provth fvndiNJ tthYard5 LP3radlng ol the ch's ¥te. d•vebping ffiline sath 85 as the Mteae and purthase items forlhe dfice. The Pwtty fijnd re to nv)ney to bo swt the upkeep ofthg ¢>Tu TRUSTEES. REMUNERATION AND EXPENSES tr recthrd any Ierat vi ¢uffent or we(%ding pthcd. Nt Iruslo• I8fved exp&m in or wecfjding perknd.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHETLAND FOLK FESTIVAL SOCIETY. SC013445 30 September 2025 I fwt the ntS oftr Charty for yoarandgj 30 S8Pt•nber 23 881 tyjl <>n pw 1 to g. R•$pe¢tfvo re•ponlbilitia ol trusl••s and examln•r The charitVs Iruslees are ressible for the prepar8lion of accounts in accordance with the tem of the Charitles and Tnjstee Inveslnwnt IS¢oU8nd) Act 2trJS Ilhe 2005 A) and the Charities Accounts {SCldI R•gulatKx$ 20061the 2008 Accnts RegvlatKns}. Thg charity trustees consKler that the audrt r4uwement of Regulation 1011) Id) of Ihg 2006 Regulations ths not appty It 12 my responsibilty lo oxamine th8 xcounts as iequired under Sectic 44(1) Icl ofthe 2005 Act and to Slate whether particular matters have come to my attenlrjn. 8asls ol Ind9penden¢ examln•rf$ $tatem•nt My examinat is carrd obt in a¢cordance with Regulation 11 of the 2C(6 Acwjnts ReWblk). An eX)hat1¢)n includes a reVW of the ac£ount6ng racord$ kept by the charty and a comparison ol th• counts presented vrith thogé records. 11 also include¥ &)n6iderati¢Jn of any unusual items or 1liscI)sures in th8 accounts and seeks explanations from the trustees coneèrnwy any such matters. The procedures und¢rtaken do not provvJ8 311 th¥ evenCe that woutd te requir8d in an aud¢ consequ8nlty I do not express an audit opinK)n on the yiew gNsn by the accounts. IrKlepondent exarnln•rfs $tstemen¢ In the course of my examinatn. no matter hos c(rfne to my atttIOn 1. whth gives rtsson8trAe cause to bolipve that in any material respgd tho requirements.. • to keep 8c¢ouniirvJ records in 8ccorthce with Section 44(1) (91 of tha 2005 A¢1 and Regulatlon 4 of the 20C6 ACcntS RegUlatK$, and • lo prapar• accounts wN¢h accord wkn the accounting Tecords and comply with Regul8th)n 9 of the 20CkS Accounts Regulat5 have been nw. or 2. to which, in my coin•)n, attent should be drawn in wder to enable a proper understsncllw ol the a¢COLts to rnached. Irfj HaMbtOn BAC¢ CA On behaf of AJ B. Scholes Lkl Chatered A¢counlan18 Si Olafs Hall Church Road Shetland ZE1 10