The Isle of Jura Music Festival
Charity No. SC026893
Trustees, Report and Unaudited Accounts
31 December 2024

The Isle of Jura Musrc Festival
Conlents
Pages
Trustees. Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to4
Balance Sheet
Statement of Cash flows
Notes to the Accounts
9t013
Detailed Statement of Financial Activities
14to15
Page I

The Isle of Jura Muslc Festlval
Trustees Annual Report
The trustees present their report with the unaudited financial statement5 of the charity for ihe year ended
31 December 2024.
REFERENCE AND ADMINISTRATIVE D￿All5
Charfty No. SC026893
Principal Offlce
Trustees
rhe following Trustees served during the year..
Accountants
Digits AccountanLV Co Ltd
112A Cumbernauld Road
Muirhead
Glasgow
669 9AA
Bankers
Royal Bank of Scotland
Main Street
Bowmore
Isle of Islay
PA43 711
Page 2

The Isle ot Jura Music Festival
Trustees Annual Report
OBJECTIVES AND ACTfviTIE5
The principlè objective of the charity is to advance the education of the public in arts and, in particular, the
art of music by organising a Music Festival and other activities on the Isle of Jura.
A summary of the main activities..
l. Organise. manage and run a Music Festival featuring professional musicians during the holiday weekend in
September.
2. Support local youths in the advancemenl of their musical interest by offering financial help towards
musical le550ns/study or instruments.
ACHIEVEMEKfs AND PERFORMANCE
For the 30th Music festival we decided to really emphasise the local talent we have here on Jura in our Friday
night concert. It was a very busy, successful night and we were not short of local performers,. of all ages.
Primary and High school children were among the performers, many of whom have receivèd financial help
with music le550ns over the last year. We continued to offer grants of £200, from our youth account, towards
music lessons. We also contributed towards tutoring for the primary school performance.
The festival was notably busier than last year and reflected in increased ticket sales. We Ljtilised in-house
expertise in updating our website and including direct ticket sales from the site.
Drumming and dancing workshops were well attended and the children's entertainment proved popular with
the Ioc31 children.
FINANCIAL REVIEW
The Jura Music Festival is carrying forward reserves of £22,539 in our treasurer's account12023 E13.0601
and £2.457 in our youth account12023- £3,310) as of 31st December 2024.
Whyte and Mackay continued to support us with a very generous donation Df £10,000, which is a huge help
towards running the festival. We also received several other generou5 donations from local estates and
businesses.
Funding applications to Awards for All Scotland and Argyll and Bute's strategic Events and festival fund were
successful and provided vital support towards the increasing costs of putting on the festival.
A busy festival led to increased ticket sales. merchandise Selling out, good raffle ticket 5ale5 and generous
donations for our free events. Thi5 year, the Jura festival cornmittee undertook the necessary training and
were able to run our own licensed bar on the Friday and S8tLJrday night, whith helped contribute towards
monies raised over the weekend.
We aim to keep a balance of £2.5CKJ in our Youth account and wlll look to run a fundraiser in 2025 to top up
this accoL(nt. A balance of £25,000 is the minimum we would aim to keèp in our treasurers account. We will
Continue to apply for funding and run fundr8iser to increase funds ahead of the festival, 2025.
Our accounts are accessible with agreement of full committee for payments of all necessary outgoings to run
a festival safely and securely within our budget annually. Youth education account is held and agreed upon as
above for any applications we deem appropriate under our constitution and account policv.
Page 3

7he Isle of Juia Music Festival
Trustees Annual Report
PLANS FOR FUTURE PERIODS
We continue to plan to stage and to seek out up and coming artist5 to showcase their talent at the festival.
We liaise with the Traditional Music News and Mu5ic/Event promoter5 to keep u5 informed and we have
many contacts to draw on through our 30 year5 of continual support for youn8 and established
musiciansldancerslsingers and storytelling.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Isle of Jura Music Festival 15 a charitable, unincorporated association. It is run by an Organising
Committee of Trustees. Membership of the Committee is open to anyone from the Isle of Jura.
Members from outside this geographic area may also be admitted subject to approval by the Committee.
Office Bearers are elected to the Organising Committee by a vote of members at an AGM. They Serve for one
year until the following AGM when they must stand down. They may seek re-election. The Committee may
fill any un5cheduled vacancy on the Committee.
We continue to be advised by govemment bodies. Scottish Charity and local council plus hèalth and safety
procedures. We adhere to all le8alities and policing procedures. Constantly ch8nging and revising the above.
Statement of trustees, responsibilitles in relation to the financial statements
The charity trLtstees are responsible for preparing a trustees, annual report and financial statements in
cordance with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally
Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the chaiity and to enable them to ensure that the financial statements
CDmply with the Charities and Trustee Investment Iscotlandl Act 2005, the Charities Accounts1Scotlandl
Regulation5 2006 las amended) and the 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 IFRS1021.
The trustees are also responsible for safeguzrding the assets of the charity and hence taking reasonable steps
for the prevention and detection of fraud and other irregularitie5.
Signed on behalf of the charity's trustees
rius(ee
18 August 2025
Page 4

The Isle of Jura Music Festival
Independent EKaminer5 Report
ndependent Examiner's Report to the trustees of The Isle otjura Musi¢ Festival
I report on the finantlal statements of The Isle of Jtjra Music Festival for the year ended 31 December 2024
which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the
related notes.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparalion of ihe financial staiernents in accordance with the
lerms of the Charitie5 and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts1Scotlandl
Regulation 2006 las amendedl. The charity trustees consider that an audit requirement of Regulation 10111
lal to Icl of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial
statements as required under section 44111 Icl of the Art and to state whether particular matters have come
lo my attention.
Basis of independent examiner's report
My examination is c2rried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An
examination include5 a review of the accounting records kept by the charity and a comparison of the
financi31 statements presented with those records. It 3150 includes consideration Df any unusual items or
disclosures in the fin3nci31 statèments, and seeks explanations from the trustees concerning any such
atters. 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 financial 5tatementS.
Independent examlner's statement
In connection with my examination, no matter has come to my attention..
111 which gives me reasonable cause to believe that in any material respect the requirements..
to kèèp accounting records in accordance with section 44111131 of the 2005 Act and Regtjlation 4 of
the 2006 Accounts Regulations
to prepare financial statements which accord wbth the accountSn8 records and comply with
Regulation S of the Accounts Regulations
have not been met.. or
121 to which, in my opinion. attention should be drawn in order to enable a prc)per understanding of the
accounts to be reached.
Eigits Accounta1:y Co L:
112A Curnbernauld Road
Nuirhead
Gla58OW
G69 9AA
18 August 2025
Page 5

The Isle of Jura Music Festlval
Statement of Flnancial ActiVFties
for the year ended 31 December 2024
Unrestricted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Other
14,968
10.980
10.936
16,529
14,968
10.980
10,936
16.529
14,380
5,036
8,067
5,826
Total
53,413
53,413
33,309
Expendlture on:
Charitable activities
Other
32,501
12,286
32,501
12,286
23,339
12,935
Total
44.787
44,787
36,274
Net gains on investments
Net in¢omeJ{expenditurel
Transfers between funds
8,626
8,626
12,9651
Net incomellexpenditurel
before other gainslllossesl
8,626
8,626
12.9651
other gains and losses
Net movement in funds
8.626
8,626
12,9651
Reconciliation of funds:
Total funds brought forward
16,130
16,130
19,095
Total funds carried torward
24,756
24,756
16,130
Page 6

The Isle of Jura Music Festival
Balance Sheet
at 31 December 2024
Charity No. SC026893
Notes
2024
2023
Current assets
Cash at bank and in hand
24,996
24,996
12401
24,756
16,370
16.370
12401
Creditors: Amount falling due within one year
io
Net current assets
16,130
Totsl assets less current liabilities
24,756
16,130
Net assets excluding pension asset or liability
24,756
16,130
Total net assets
24,756
16,130
The funds of the charlty
Unrestri¢ted funds
General funds
24,756
16,130
24,756
16,130
Total funds
24,756
16.130
Approved by the tru5tee5 on 18 August 2025
ir behalf by-
Trusrp.a
18 August 2025
Page 7

The Isle of Jura Music Festival
Statement of Cash flow5
for the year ended 31 December 2024
2024
2023
Cash flows from operating activitie5
Net incomellexpènditurel per Statement of Financial Artivities
8,626
12,9651
Adjustments for:
Dividends, interest and rents from investments
Increase in trade and other payable5
116,5291
15,8261
241
Net cash used in operating artivities
17,9031
18,5501
Cash flows from Investlng actlvlties
Dividends, interest and rents from investments
16.529
5.826
Net cash from investing activities
16,529
5,826
Net tash from financing activities
Net increase/ldecreasel in cash and cash equivalents
8,626
12,7241
Cash and cash equlvalents at the beginning of the year
16,370
19,094
Cash and Cash equNalents at the end of the year
24,996
16,370
Components of cash and cash equivalents
Cash and bank balances
24,996
16,370
24,996
16,370
Page 8

The Isle of Jura Music Festival
Notes to the Accounts
for the year ended 31 December 2024
l A¢counting policies
Ba515 of preparatlon
The financial statements have been prepared in accordance with Statement of Recommended Practi￿..
Accounting and Reporting by Charities preparing their account5 in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kin8dom and RÈpublic of Ireland IFRS 1021, the
Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations
2006 las amendedl.
Change in basis of accounting or to previous a¢¢ounts
There has been no change to the actOLJnting policies (valuation rules and method of accounting) since
last year and no ch3nÉes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the
general objects of the charitv.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment asset5 at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Deslgnated funds
Revaluation fund5
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Income from tax reclaims is included in the SOFA at the same time as the
giftldonation to which it relates.
These are only included in income (with an equivalent amount in expenditure)
where the benefit to the Charity is reasonably quantifiable. measurable and
material.
Donations and
legacies
Tax reclaims on
donations and gifts
Donated services
and facilities
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income
This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or1055 resulting from revaluing investrnents to market value
revaluation of fixed at the end of the year.
assets
Gains/llossesl on
investment assets
This includes any gain or loss on the Sale of investments.
Page 9

The Isle of Jura Music Festival
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure to
which it relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
tradinE Costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activitie5 services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity. including any auditlindependent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Grant5 payable
Governance costs
Other expenditure
These are support t05ts not allocated to a particular attivity.
Taxatlon
The charity is exempt from tax on its charitable activities.
Cash and cash equivalents
Cash and cash equivalents comprlse cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank c>vÈrdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's Cash management.
Recelpt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
Page 10

The Isle ot Jura Music Festival
Notes to the Accounts
2 Statement of Financial Activities- prior year
Unrestricted
funds Total funds
2023
2023
Income and endowments from-
Donations and legacies
Charitable artivities
Other trading activities
Other
14,380
5,036
8,067
5,826
14,380
5,036
8.067
5,826
Total
33,309
33,309
Expenditure on:
Charitable activities
23,339
23,339
12,935
Other
12,935
Total
36,274
36,274
Net income
12,9651
12.9651
Net income betore other
gainslllossesl
Other gains and losses:
Net movement in funds
12,9651
12,9651
12,9651
12,9651
ReconcilFatron of funds..
Total funds brought forward
Total funds carrled forward
19,095
19,095
16,130
16,130
Income from donations and legacies
Unrestricted
Totsl
2024
Total
2023
Festival Weekend Donations
773
773
635
Local Donations
Off-lsland Donations
4,195
10,000
14,968
4,195
10,000
14,968
3,645
io,ioo
14,380
4 Income from charitable activities
Unrestrl¢ted
Total
Total
2024
2023
Bar Takings
Products
5,838
3,184
1,958
10,980
5,838
3,184
3,435
1.601
Raffle
1,958
10,980
5,036
Page 11

The Isle of Jura Music Festival
Notes to the Accounts
5 Income from other trading activities
Unrestricted
Total
Total
2024
2023
Ticket Sales
10,936
10,936
10,936
10.936
8,067
8,067
6 Other income
Unrestricted
Total
Total
2024
2023
Grants Received
16,100
429
16,100
429
5.600
226
Interest Received
16,529
16,529
5,826
7 Expenditure on charitable actlvltles
Unrestricted
Total
Total
2024
2023
Expenditure on choritoble
activities
Artist Fees
22,539
9,884
78
22,539
9,884
78
Products
6,600
Raffle
58
Governunce c05tS
32,501
32,501
23,339
8 Other expendlture
Unrestricted
Total
Total
2024
2023
Grants Made
1,450
6,593
516
1,450
6.593
1,124
4,891
231
Motor and travel costs
Premises costs
516
General administrative costs
3.487
240
3,487
240
6.449
Legal and professional c05ts
240
12,286
12,286
12,935
9 Staff costs
No employee received emoluments in excess of £60.OC¥).
Page 12

The Isle of Jura Muslc Festlval
Notes to the Accounts
10 Creditors:
amounts falling due within one year
2024
2023
Accruals
240
240
240
240
11 Movement in funds
Incoming
sources
(including
other
January gainsllosses
2024
At31
December
Resources
Gross
Atl
expended
transfer5
2024
Restricted funds:
Unrestrlcted tunds:
General funds
16,130
53,413
144,7871
24,756
Total funds
16.130
12 Analysis of net assets between funds
53.413
144,7871
24,756
Unrestricted
funds
Total
Net current assets
24,756
24.756
24,756
24,756
13 Reconciliation of net debt
At31
At l January
2024
December
Cash flows
2024
Cash and cash equivalents
16,370
16,370
8,626
8,626
24,996
24,996
Net debt
16,370
8,626
24,996
Page 13

The Isle of Jura Music Festival
Detailed Statement of Flnanclal Actlvltles
for the year ended 31 December 2024
Unrestricted
funds Total funds Total funds
2024
2024
2023
Income and endowments from:
Donations and legacies
Festival Wèekend Donations
Local Donations
Off-lsland Donations
773
773
4,195
10,000
14,968
635
4,195
10,000
14,968
3,645
io,ioo
14,380
Charitable activities
Bar Takings
Products
Raffle
5,838
3,184
1,958
10,980
5,838
3,184
1,958
10,980
3,435
1,601
5,036
Other trading activities
ricket Sales
10,936
10,936
10,936
10,936
8.067
8,067
Other
Grants Received
Interest Received
16,100
429
16,100
429
5,600
226
5,826
16,529
16,529
Total income and endowments
53,413
53.413
33,309
Expenditure on:
Charitable activities
Artist Fees
22,539
9,884
78
32,SOI
22,539
9,884
78
32,501
16,681
6.600
58
Products
Raffle
23,339
Total of expendlture on charTrtable
actNities
32,501
32.501
23,339
Other expenditure
Grant5 Made
1,450
1.450
1.450
1,450
1,124
1,124
Motor and travel costs
Travel and subsistence
6,593
6,593
6,593
6,593
4,891
4,891
PrÈrnises costs
Rent
338
338
231
Premises cleaning
178
178
516
516
231
Page 14

The Isle of Jura Music Festival
Detailed Statement of Financlal Artivitles
General admlnistrative costs,
inclLJding depreciation and
amortisation
Equipment leasing and hire
charges
General insurances
Postage and couriers
Statlonery and printing
Subscription5
Sundry eypenses
2,6SO
1,365
104
1,365
104
1.365
96
35
568
568
529
1,450
3.487
1,450
3,487
1,774
6,449
Legal and professional cost5
Audit/lndependent examination
fees fees
240
240
240
240
240
240
Total of expenditure of other costs
12.286
12.286
12.935
Total empendlture
Net gains on investments
44,787
44.787
36,274
Net income/lexpendlturel
8,626
8.626
12,9651
Net incomellexpenditure) before
other gains/llos5esl
Other Gains
8,626
8,626
12,9651
Net movement in funds
8,626
8,626
12,9651
Reconciliation of funds:
Total funds brought forward
16.130
16,130
19,095
Total funds carried forward
24,756
24,756
16,130
Page 15