Clwity registration number: SC027280
ORKNEY FOLK FESTIVAL
TRUSTEES, REPORT AND
FINANCIAL STATEMEiYrs
FOR THE YEAR ENDED 31 JANUARY 2025
ORCADIA
CMAIITEIIED ACCOIIIIThfiT5
Orcadia
1-3 Easi Road
Kirkw￿1
KW15 IHZ

Orkney Folk Fe8tlv*l
CottteDts
T￿$t￿$, Report
Statement of Financtal Activities
Ststement of Position
Notes to the Financial Ststetner

Orkney Folk FutivAI
Th￿1¢￿. Report ForTh¢ YeAr Ended 31 J*vJury 2025
The trustees preseni their report the financial staternents forthe year•Mled 31 2025.
Objeetlw gttd Atllvltl
Almi •nd ObJ¢¢llv
The obje¢tive of the Orkw Folk Fe￿Ival 15 to ￿Vanc¢ the ¢d￿￿10n of the pubiie irt the Jrt of in pgrticullr folk
music by the promoti(bn of an annual f¢Miva] of ethni4 trwjitional and c￿teMpOr¥ry music throu8h the ty8*n15atio
rnana8¢ment and promotion of cottcerts. ceilidhs. works1￿￿ exhibiiions or other presentations of an educational, Culthrnl or
artisti¢ naturt
AchlÈYemettts #ttd Perforni•nce
Maln Aehlevemellts
The 2024 Festival Marked our forty•seeond year Ind built on the su¢¢ess of the 2023 frstiv41. This yeor's
programme once a8aitt attr8ctd In exceptiorthl line-up of arti5ty reinfor¢in8 the Festival's repU￿10n as one of th¢ UK'S
premier ftslk rnu3i¢ ¢v¢nts. A particular highli8th the r¢turn of CIP￿lty W￿l¢ne*S muhiple venuK demonstrnting
th¢ wnlinu¢d strmgth of audie￿¢ demand Community SllPPOn.
Finarhci8lly. the F¢5tivo1 once a8Aitt demonstrated robust perfomianee. Tlk*¢t sales tneom¢ T￿th¢d a new Teeord. r¢fl¢ctinB
both strong audience appetite and the effe¢4iveness of our pro8rnmmitt8 knd rnarkding straie8Écs. Attend￿¢¢ also 8urp4$5¢d
th¢ pr¢vious y¢v. ¢ementin8 our growth trajtcthry. The "Friends- sch*n4 introduced in 2023 ¥ • N)lacement for th¢
fornier pAtrona8¢ model. continued to prove hi8hty $uccessfuL deliverin8 ineom¢ $ignifiwitty abov¢ ¢xpeclation$
e•tin8 A stmn8er xn5e of CLNnmunity 4)wDership of the F¢stival.
Merchandisin8. S￿)n30T3hip. and retail activity also remai￿ p)siliv¢ contribu￿ts. The relcKation of the F￿1val $hop to
the Travel C￿tre sile con¢inu¢s to deliver inu¢mental improvemettts in n¢¢ income. whik 4￿n%)n￿1P ptrthershlps grmv
Ksth In number gnd value. reflec¢itt8 the F¢￿1vIl'S Strensthened brjnd reo¢h.
Lik¢ many culiurnl oryanI￿li0n￿ the Festiv•l ¢ontinues to OP¢rnts in i ch￿Ie￿81ft8 c¥J* ¢nvlronm¢nt. Risin8 expenditure in
travel, ¥¢ommoda¢ion, perforn¢rs' fees, and vettu¢ hirt has rtyuired pnthnt financial M￿lSeMent and increased relign¢¢
on external eontrn¢tors for speci•list ts5ks. Dwite these pressurA the ov¢rnll finthcial position of th¢ Fe￿IVal remli
Stron8. with res¢rv¢s well mana8td attd suffKient io yfe8Lwd susthinability.
Looking forward. the Festiva] 1$ Strategiully w¢ll plfrtd to continue building on its suc¢¢ss. With a ¢lev 8ovwnth¢e
structure. stron8 ¢ommunity en8ag¢m¢nl, and the 0tt8oin8 SuP￿rt of our fitnd¢r5 and S￿nS0rS, we ar¢ confident in our
ability to meet futu￿ ¢hallen8es and io syslain the Festiv•l'$ repU￿10n as a fl88shÈp cultyrd event in Seo¢l•nd.
We would like to record our deep 8rn¢i¢ud¢ ￿ Creative So)t1￿¢ Orkw Islanth Council. (yjr sp)Jw our Friend$-
whos¢ $yppon makes it wibl¢ for us io deliver• FeA1V￿ of sueh ex¢¢p¢ional qU￿lty #nd reach.
Fln•n¢lal Revlew
Flnin¢i*l PoJltloD
The charity total In￿Ming rejoum for the pttiod of £279.152 and t¢Nal r¢$ourt￿ eXP￿ded of£286.488.
Incoming r¢sour¢es ineltsded grants of£60.013. sE￿IP0r £42.779 and ticketinw m¢[d￿diSC In￿￿¢ of£176J60.
Clositt8 fund bolantts at 31 January 2025 amourtted to £68.148.

OrkDey Folk Fesdvgl
Tn#te¢s' Report (tontlnwed)
For ll* YurE•ded 31 J*tt•ary 2025
It is the poli¢y of the ¢h8rity that unrestrsdd fwlds whi¢h b•ve Th)t btak designated for a spe¢ifi¢ Use shouhl be rnaintsined
a¢ ¥ level e4uiYal¢nt to two month's ex￿di1￿￿ Th¢ of trustees considets thai reserves at this lev¢1 will ensure thaL
in the ¢vart of a siBnifi¢ant drop in fimdin& they will be able to continue the ¢harity'S Clrnt ￿￿[vItieS while ￿nsideNtI0￿
is givett to way5 in which widitioThpl funth m•y be rnis¢& level of reseNes ha5 been moiDtain¢d throu8houtth¢ year.
Th¢ of tnJ5tees have wessed th¢ major risks to whith the dwity ss ex￿¢4 ar¢ WISfi￿ tFét systun5 ￿ in
place to mitiBate exposure ts the major risks.
Strneth￿ Gov¢r￿De• •Dd
Goveru•ne• strne￿￿e
m￿ageMelrt COMMI￿ fwing solely onthe pianniDg and ￿1Vern￿¢¢ of the Festi￿1.
The Chority 1$ a registered S¢ffjtish Chgritable (WIls*i￿1 (SCIO). by a written a)nstitirtM)n. Th
cknity was 1nMrt￿￿t¢d on S Jgnw 2014.
R¢feren¢e *ttd Athknls¢r•tlve D¢ts
Trusttts
Ckarity Numb¢r
SC027280
Independent ExamiDer
Otwiia
1.3 East Ro
Kirkwall
KW15 IHZ

OTkttey Folk Festlval
Tru3te¢3' Report {tDnttrtued)
For The Yt8r Ended 31 J8nuAry 2025
The uvstees, repjrt was approved by the board of tru51ee5 ¥rtd si8ned on its behaifby:
Tru3lrx
Dats 3 odob&< Q023

Orkméy Folk Fwtival
Independent Examlntt'$ Rtpgrt to the TThstees oforkne) Folk Festival
For The Year Ended 31 Jxnu4ry 2025
I report to the trus*es on my exAminaiion of the account$ of O￿neY Folk Festival (the Trust) for ihe year cnded 31 Jwiuary
2025.
R¢3ponsibllltl¢$ and Basil of Report
The charity's trn$tee5 are resp¢)nsible for the preparaiioD of th¢ ac¢ounts in ￿COrdanCe with the t#ms of the Charities and
Trustee lrtvesknent (Scotland) Act 2005 aThd the Charitie5 Accounts (Scoilan(l) R¢gul*ion5 2006 {85 amet)d¢d). Th¢ charity's
trus*es consider tha¢ ihe audii requiremeni of Regulation 10(] Ila) to {c) of the Aeeounts Re8uiations does rhot apply. It Is my
respoDsibility w examin¢ the a￿uniS as required under Section 44(1 11¢) of the and to slate whether panicular matters
have eorne to rny attention.
lrtdepelldent E￿mIner'S Statement
My examination w&4 tatried out in aecordance with Regulation I l of the Charities Accouttts {Scotland) Regulations 2006. An
examination include5 a review of the accounting re￿rdS kept by the charity and a comparison of the ￿coUnts pr¢5¢llt¢d with
those records. It also includes consideration of any unusual it¢nis ordis¢losures in the accounts, and 5e¢kin8 explanation5 from
you as trustees concerning any such matters. The proc¢dur¢$ und¢rtak¢n do not provide all th¢ evidence fhat would be required
in an audii, and consequenily I do not express an Judit opinion OTh the view giv¢n by the accounts.
Independent exAmin¢rf5 sts¢em¢DI
In connectioTh with my examination, no matter has ¢ome b) rny atiention .'
{11 which 8iv¢s me rewnable eause to believe thaL in ony materi41 respect, the r¢quiremenrs
keep ￿coun11n8 rKords in 4¢¢ordanee with Sectiot) 44(1 Ka) of th¢ 2005 Act ond Kegulation 4 of the 2006 Accoun(5
Regulations- aDd
to prepare accounts which accord with the wwunting rccords and to comply with R¢gula¢ion 8 of the 2006 Attounts
Regulations have Thot be¢n met.. or
{2) io which. in my opinion. a¢l¢ntion $hould be drawn in order to enable a proper under5t#ndin8 of the accoums to be ￿*hed.
Date
ILP
Pa8e 4

Orkney Folk FtstiV81
Ststement of Finanelal Aetlvltles
For The Ye4r EDded 31 Jan￿ary 2025
2025
2024
Ullregtrleted Unrestrictsd
fund5
Not¢s
IIICOME AIYD ENDOWMEYTS FROM:
Donaiions and le8acies
ChaTiiable xiivities
Other trading activities
103.164
165,534
10,454
101,044
153.711
12,264
279,152
267.019
EXPENDITURE ON:
Raisittg funds
(286.4881
(274,310)
NET EXPENDITURE
(7J36)
(7.291)
NET MOVEMENT IN FUNDS
{7,336}
(7.291)
RECOYI CILIATION OF FUNDS:
Totsl fund$ brou8ht forward
75,484
82.775
TOTAL FUNDS CARIUED FORWARD
68.148
75,484
The noies on pages 7 to 12 forni part of ihese financial statements.
Page 5

Orkney Folk Festival
ststemeni of FlnAnclal Positlo
AS At 31 J•nuAry 21115
2025
2024
Unrestricted Total
funds
funds
Notes
CURRENT ASSETS
Sts>tks
Debtors
Ca$h ai bank And in hand
1.500
9,317
78.010
2,01)0
2.676
85.501
88.827
90.177
Crediton: Amoynts F*llkn8 D￿* Wlthln Ome Yur
io
(20,6791 (14,693)
NET CURRENT ASSETS (LIABILITIES)
68,148
75.484
TOTAL ASSETS LESS CURRENT LIABILITIES
68,148
75,484
NET ASSETS
68,148
75.484
FUNDS OFTHE CHARITY
Unrestrie*d Funds
68,141
75.484
TOTAL FUNDS
li
6B.148
75.4B4
On behalf of the board
Trust¥¥
D•te
Th¢ notts on p4es 7 to 12 fomi part of ihese financial statemenis.
Page 6

OrkDry F•lk F¢JtivAi
Notes io the FinAnel*l StsteThtnts
For Th¢ YeAr Ended 31 J*nty*ry 2025
Gttttr*l ltsforth*tlo*
Orkney Folk Festival is an uninco
SC027280. The principal addrcs5 IS
orated rh3
re
Igtered wilh the Chari
Commission re
istered charit
number
2. AttouDtloi Polldes
2.1. BASIS of Prep*rntloD •fFiD•ncial S¢8tenJe•ts
The financial $tatements have been prwared in accordance with the Cl*ities and Trustee ]nvestsnenl {Scotland) Act
2(X15. the Charitie5 Accounts IS¢otlaod) Regulations 20(k4
(J5 arntnded}. FRS 102"The FIn￿claI Re[￿1￿8 St8Ddard applicable in the UK and Republic ofireland" ("FRS 102.1
and the Clwities SORP "A¢¢ounting ReponiDi by Clwities: Si¥ternent of Recommended Prnctice applicable lo
¢hui¢ies Preparing their a¢￿uttts in accordantt with the Fina￿la1 Rewting Standard appl]￿ble in the UK and
epubli¢ of Ireland (FRS 1021. (effe4ive l Jamwy 2019). The elw is i Public Benefit Entity Is defined by FRS
102.
The fina￿la1 S￿eMents are pryr*l in 5*rlin8. knetary in th¢s¢ fllwKial #at¢ments rounded ￿ ihe
n¢Tht £.
The finan¢ial 5tst¢ments hav¢ been prtptr*l vnder the historical ¢l￿venI10n. Th¢ pri￿1p)I ￿0￿nting policies
Ipt¢d ¥¢ srtoui below.
2.2. Fund Aceoutt
Unrestricted funds can be used in ttcordwv with the dwitabk objectives at the discretion ofthe trN5ttts.
Designated fithd5 ¢ornprise Unles￿ futhts that have beert set ¥id¢ by the trustees fora spKifi¢ purpose.
Restri¢t¢d fund5 are to be used for $￿ifiC puryoses As laid down by th¢ doThx.
2.3. Incomlng Ruourees
Income i5 r¢cognised when the ¢lwity is le8ally enli11￿ ￿ it after any perfonnanc¢ ¢ondiiion$ have b¢en me(
the arnounts can be rnasured reliably. and li is prob3ble th* in¢omc will be received.
Donations and oth¢r fornjs of voluntsry in¢4)me are reW￿ls¢d *s iDcomiDS re50ur¢es rteeivab
except insofar as ue ittcapable of fmanciai m¢asutemenL
Income £enezated fivm the Supply org￿ts and services 15 ffcorded in the period the supply is made.
The value of service5 provided by volwtters has ￿ been included in these aWOu￿5.
2.4. Resourtu Expended
Expenditure is in¢luded in r¢sou￿ exp¢nd¢d on w ￿￿￿1$ indysive of any VAT whith ￿n￿oI be
le￿vered.
Costs of 8enernling fyr¥Js ￿MprIse the costs •5SOCiit¢d with attrac¢in8 voluntary inwme and the ¢o5ts of
fiththaising events.
Charitable cxpcnditrjre comprise5 those costs incurred rn the delivery of the charity's aclivities and services for
its benefi¢iiries. It in¢luths ￿th e05ts thai can be all￿ted diTtcdy to such xtivities and those costs of an
indirert n•ttwe necessary to Supwt thcrn.

Orkn¢)' Folk Festival
Yoies to the FlnaDcilll Statemtnts (continued)
For The Year Ended 31 JHthurtry 2025
2.5. Stoeks and Work In Protre
Sio¢k5 Jr¢ valyed 8t lh¢ lower of cost and net realisable value after mhkin8 due #llowgnce for ob501¢t¢ and slow-movin8
stock5.
C05t 1$ detEnniThed u5in8 the fir5t-LlJ, firstryoui method. Cosi includes all dirtti costs an &ppropriAte proportion ol
rixed and variable overheAds.
2.6. Cash and C¥sh Equlv•lents
Cash and ¢a5h equivalents are basic financial assets And include cash itt hartd and deposiis held at call with b#Thks, oiher
ghort-t¢rm highly liquid inv¢5tm¢nts thit mature in no more than three months from the date of atqui$itiott are
I¢￿11y convertible to a known amount of ¢4sh with in$iBnificAni Nsk of change in value, and bartk overdrnfts.
2.7. FSn8ncIAI Instrnments
The chArity has elected to apply th¢ PfOVTSion5 of Section 11 'Basic Financiol In$tNments' of FRS 102 to All of irs
flnancial instruments.
FinAnciil instruments are re￿gniSed in the charlty's bal￿¢t $h¢¢t when the ¢h•rlty be¢omes party to the ¢ontra¢tu41
provisioni of the instrument.
Finoncial assets and liabilities ￿£ offset. with th¢ net amounts presented in the financial 5tat¢menls, when there ig
legally enforceable right to Set off the recognised Amounts th¢r¢ 1$ an inienlion to 5¢tt1¢ on J net basis or to realis¢
the 85$et and settle the IiAbility 5imultan¢ously.
Basic finoncial assets. which include debtors and ￿sh and bank b•l8nce3. are initially m¢asur¢d ai tron5Nciion prir
includin8 trin$aetion ¢tssts and u¢ gubsequenily carried al amortised cost usirt8 the effective interest method un1¢35 the
rangement constiiutes & financing tr•nJa¢tion. where the ¢rnnsA¢tion is rneosured at the presen¢ value of future reeeip
dI$￿￿n￿d at a markel rate of interest. Finmcial ¥seis cl¥$ified As reviv4bl¢ wiihin on¢ y¢4r are not 4morti3¢d.
Clas5ifi¢alion of financial liabiliiies
Financial liabilities and equity instruments ue ¢las$ifled accordin8 10 th¢ substAn¢¢ of th¢ ¢on¢rn¢tug1 •rrnn8em¢nts
ent¢r¢d into. An equity in5trurn¢nt li Any ¢on¢rA¢t ihat evidences 8 residuil interest in the ￿sets of th¢ eompany •fter
deduetin8 All ofits liabilities.
Basic financi¥l liabiliti¢5
B￿1¢ financial liabilities. Includin8 creditor5 T¢ initially r¢cognised at transaction price unless ihe arngemeni
constiiutes a financing transaciion, where Ihe debi instrument is rne&4ured at the present value of ihe fiJtUTe p8yments
di5COUrtted At i market rnte of interest. Financiil liabilities Classified as payable within one year Ire not amortised.
D¢bt instrnments Art subsequently carried at 4mOrtis¢d cost, usin8 the effective interest rate method.
Trad¢ CTeditors ar¢ obligalions lo pay for goods or services that have been aequired in the ordinary ¢ourse of business
from suppli¢rs. Amounts payable ar¢ ¢lassified as current liabilities if payment is due within orte ye&r or less. If noi,
they are presented ts non-curreni IL4bili¢i¢s. Trade creditors are recogni5ed initially at transaction price and
subsequently me&sured It amortised cost usinB th¢ ¢ff¢¢¢iv¢ inleresi meihod.
Pase 8

Orkney Folk FutivAI
Notss t• the FIDaTr¢ifil Ststemeots (eontlnued)
For The YMr EDdtd 31 January 2025
2025
2024
Uttrtstrlcted Ullr¢Jtrl¢ted
fwnd5
Cundi
Donations and gifts
,IAtTnber subs¢riPtiO￿ spoJwrthip5
Grants
372
42.779
60.013
1.964
33.052
66.021
103.164
101,044
4. Intomt from Other Trmdlllg Advltl
2025
2(124
Uortstrkt¢d Unrutrlcted
fundi
fuDds
Fuftdrnising events
Shop income
5.229
5.225
6.784
5,480
10.454
12,264
5. An*lysl• •f E¥p¢udl¢uTe
21125
Artlvltl
IIDdert*k¢n S¥ppgrt ¢0$1$
dlreeity (see note 61
Tot*1
RAlsin8 funds
274.025
12.463
286,488
2024
Adlvltl
ndert•keo Support eosts
dlTe¢¢ly
(see note 61
isin8 fvnds
251.111
16.192
274,310
P4ge 9

Orknry Folk Fe5tivAI
Notes t• the FimAnei*l Ststtments (continued)
For Tr¢ Ye•r Endod 31 January 21125
6. Support Costs
Rai51111
nds
Employee costs
Premises ew5es
Genernl adminisiration
1.659
4.324
6.480
12,463
21124
RalslDg
nd5
Employee costs
Premises expense5
General administration
3,473
4,056
8,663
16.192
7. AverBge Numberof Employtt5
Average numbv ofemployees durin8 the ytarwas: NfL12024.. YJL)
8. Stocks
2025
2024
Sto¢k
1.500
2,01)0
9. Dobtors
2024
Dlle withln one ytAr
Trade debtors
320
2,356
ljher debtors
9,317
9.317
2.676
Pa8e 10

Orknty Folk Festiv*l
Notes to tht Fin*nei•l Ststemrnts (contin￿ed)
ForThe Yur Ended 31 JAtt￿ry 2(125
10. Creditors: Amounts Falling Du¢ Wrthin One Year
2•2S
2(124
Trade creditors
Payments on account
Other creditors
Accrua15 and deferred income
709
694
18.955
831
12.260
658
1.081
20,679
14.693
I l. Movtmetht kn Funds
Asatl
Februry
Asat31
Expeodlthre January 2025
Unrtstrieted fitmds
General:
Genernl unre$tri¢trd fund
75.484
279.152
(286.488)
68.148
Total fund$
75,484
279.152
1286.488)
68,148
Asgtl
Ftbnwry
As¥t31
Expendilyre January 2024
Ittcome
UnMtrl¢ted fllnds
General:
General unTe5trictcd fi￿d
82.775
267.019
(274JlO}
75.484
Total funds
82.775
267.019
(274.310)
75.484
12. Trwwdions with Trnxtees
During the year th¢ exp¢nses reirnbursed ￿ the or poid dire￿ty to thiTd ￿7¢5 W¢fe as follows:
2025
2024
Other EXp￿￿¢S
Number of trustees reimbuT5ed for expcnsc5 during the year was I120?4: 0)
Pa8ell

Orl(ney Ftslk FeytivAI
Notes to the Finanelal Sthtements (CO￿tIll￿ed)
ForThe Year Ertded31 JAnu*ry2025
13, Rolxtod PArty Dl$tlo8ures
During the year there were the following relatsd party tran5&Ctions'.
Payrnent of perforniatt ftes and expenses of £l.120 to Fard. a gTOU
Payment of flights and ¢xpense5 for
hvsbaDd of
in wltich
is a member.
anc¢ li th¢ Kin85 Pl8¢¢ Con¢¢rt.
or atten
P88¢ 12