The Scots Flddle F?¥tlval Report and Flnanclal 8tstem•nts For tho Year Ended 31 March 2026 Charlty Number SC 031664
The Scots Flddlo Festlval Report and Flnancial Ststements For the Year Ended 31 March 2025 Contents Reference & administrative information Report of tho Tr[tee3 Independent Ex•nlnerf8 report Statement of Flnwdal Aclpthiès (Includlrrfj In¢¢me & Expendlture Account) Balance 8heel Notes to tho accounts 8.12
The Scots Flddh Festfval Referenc• & Admlnlstrathie Infomiatlon For tho Year Ended 31 March 2025 Scoldsh Charity Referenc SC 031564 The follng served as trust8as of the charfty throughout the yoar: 8ank•rn." The Bank of ScotlarKI 43 Comely Bank Edlnburgh, EH1 1AF
The Scots Flddle Festlval Report of the Trustses For tha Y•ar Ended 31 March 2026 The tru8te88 present thalr report and the financial 8tatem8nts for Ihe year ended 31 March 2025. Structurn, Governance & Manag•mw On 6 November 2024, The Scots Fiddle Festival converted 118 legal fomi from a company limlted by guararrtee, to a Scottlsh Charitable Incorporated Organlsatlon (SCIO). The Scots Flddla Fastival is reglstered charity, and is govemed by its Constitution. The tnMtO88 oversee a commrttee of dedlcat•d volunteer8 help to run the fo$tlval. The tru8tee8 appoint an artlstlc dlrector to Specificalty over88& the musical and artistic programmlng of the festival. In addition lo Ihe trustees, and the artistic director, a commlttee of volunteers work throughout ts yèar to plan th• fo8llval. Wthout the dedication of the89 committee mamr3, th• f•stfval could not run. The names of th080 who Berved as Intea8 duriNJ tho year arKI other mfarnnca a1 admSnl8tratlv8 Irrf0rntlQn 8r6 8et out on pag8 2. ObJoctlw8s & Acdvllles The objecttves of the charfty ara to advance the art8 and culture In Scotland by holdlng on annual mu81c fe8Uval focuslng on traditional and contemporary fKldle muslc, and to advance the education of the publlc. prfmarlty In Scotland, In tradltlonal and contamporary fiddle mu81c by Includlng a programme of adult and youth workshop8 In th• annual fe8tlval and by ancouraglng youth angag•m•nt th flddh musk ouiwrth tho annual fostival The Scot8 Fiddle Fe8tlval 2024 took plac• on 15. 18 and 17 November 2024. based at The Ploa8arK• In Edlnburgh. The Fesllval had 11 daytlme recrtals over the waekend, Includlng Iwo tr8trtattend recitals whlch wer• dèslgnated as famlty frlendty ¢onc•rts, and one 'Trad Tunes for Balms. redtal which was a180 frefrtfrattsrKI and designed for very young chlldren. 23 workshops took place over the weekend, Includl e youth workshop. Th18 year a180 saw the continuatlon of fra&tattend led 8es8lon8, and the fr•• latmlght Fe8tlvaJ dub on Saturday nlgm. Over the feslSval weekend itself, an additsoMI group of arnd 20 volunteer3 helped wllh th• handsryon operation of Ihe festival Indudng 8tewarding, tlcket collectson, hosting workshops etc. The commlttee •xt8nd8 It8 thar*8 to all the volunteers helped make the Festival p0881ble.
The S¢ots Flddl• Festival Report of the Trte•S (continuod) There wgs a net Incre&8e in fijnds cl £2,638 0r the year (2024.. de(¥ease of £1.443). Thera was an overnll Inc¥ease In Inca)me £3,525 (2024." decre8se of £19.619). piimaty caused by Increase in Inc4)me Irom the Feslval compared to the period. Expw)dlture docreased by £556 . 2•A overall (2024; Increase 0134%) as 8natysed kn Ihe Statement of Finandal Actlvttles on page 8. Total perfornr fees Inowred by th& Fe8Oval INS year wore £12,907, The Fastlval conllnu88 to make 3810$ of the Legaty ProJ"ect tw bo( and CD. Sal88 01 £918 re recorded In the >•ar, 8880(aated costs of of £3XI. The Fethal hokls £6,053 d stoL 8$ at 31 2025 reFrgsentlng LegaGy Project bkS and CD8. Funds of £1S.$08 cathed foNard (2024: £12.870), r6pre88nting the free rewws rf the charfty. T fe8Oval )rkS on a Wt t)udget and the aNn 18 to malnlaln OM half of the o7st rf Nnnlng a fe8tlv81 In reseiv•B. The Trusttss are lThYtted kn on6urlng OW f8thal 18 $ThstlIng have pul In plBc4 8 gen8raty wovlde 8 kYx)d1oI 0fr8M - to ar8¥• th18 9)al. Th• Th18tees have considernd tho Abluty to rJ)rrtlnue a8 a conrm. Bg88d on Ihe charfty's cuw•rrt cath reseNM, and after r•knl•vaTrJ forec4sts for At year, thé Trustees bellevo the chaiity18 a By OYd•r ofth• BOMI N*ne". TnAtee
Report of the Independ•nt Examlnor To th• Tru8te•8 of Th• Scot• Flddlo Fo•llval l rnport on tho a(xx)unts ol The Scots Fthlh for the yw •nded 31 March 2025, whlch are 8•1 cwt on F•ge86 to 11 of the CharlU88 and TruBtee Investm8nt {SuAland) Act 2005 (th8 2005 Act) and the Charfttes knwnts (Scth) Rogulauons 200& They (XJMKlqr that Ihe audlt reqthmaM of Ragulalion10(1) (a) to (c) of1hg Acojjnts Ragulatlons do88 not apply. It Is my respWIlnty to exarnlng the aOUnts a8 r•qulred WMJ 8ecUon 44(1) {c) of tha Act and to state whethw pwtth3r madors hove cfjmg to my attentl¢)n. My gxamlnadon E8 c8rrhd (Xft In accordance wllh Regulalon 11 of the Charfffes ACCnts (scotsnd) Rylalbn8 2006. An gxamlnafjon IndLth8 a revknv of Ihe accountlng r8c¥xd8 kept ty ch8rfty a1 a cryrf8on of th• accounts plented wlth thts8e re. ft a180 IndudeB XkleratIOn of any unu8ual ttemB c¢ dI8(th In the acc4Junts and 8eeks axplanaOon8 from the trust••8 (CernIng ary suth m8tkn. The proc8dure8 undert8kn do not pro all Its eVnCe that would be rgqulr•d In an auth( and mwuently I do not expre88 an audjt oplnlon on Iho vlew gfven by thé accoun In th• vJurn• rf my examlnakn, no Thtt•r ha8 c¢Nrn ) my attantknn: 1. whth 9Tr•88 Mg r•a8onabl8 (xU to bakn that In any rmpect tho r0qulr8m0n. lo keep accountlng re(x)rd8 In a&xrd8nc WM) $8ctton 44(1) (a) of th8 2006 Act and Rawkntk 4 altho 2006 Ac¢wts Regidallon8, and to pr•pwB acry)unts whlch accwd wlth the amin11 rwdo and cLxnply 4th Rogulthn 8 ofth• hav• Tt been m•1 or I to whlth. In my opfnlon. attonuon 8lwkJ b• drn In cfd•r kn wmble • kyopor Undr4 of th• accounts to be reathed.
The Scots Flddle Fe8tlval Statsment of Financlal Activities (Includlng Income & Expenditure Account) for the year ended 31 March 2026 Unr06trfctsd Fund• Restrlct•d Funds Total 2026 Total 2024 Incomè from charltabh actlvltles: Income from Annual Flddje Festlval 27,830 27.830 22,873 Grants, spon8or8hlp & donakn8 Sales oflogacy projoct mat•rlals: Total Incom• 2,750 918 2,300 6,060 918 2.034 31,498 2.300 33,798 30,273 Expendltum on charltabl• •¢tlvltle8: Annual Flddlo F•#llval: Tlcketlng c08t8 Onduding comm1881on) P•rfomirfs' fae8 & won808 Artl8tlc Dlrector f Venu• •xpen888 & in8wance Publlclty & m8rchan(ff80 Outr8aGh (YEP) programme Other admln18tratSve costs Accountancy & independent examinatlon Oth•r exp•ndttur•: 2,219 12,807 2.219 12.907 1,600 9.416 1A78 2,156 12,030 2,11XI 300 9,416 1,478 354 2,071 2,784 1.152 360 096 380 360 330 330 1,577 Total •xp•ndltur• 28,880 31,180 31,716 N•t Income l (•xp•ndltur•) for y•ar 2,638 2.300 2,638 (1,443) N•t mov•mont In ftind• Funds brought forward 12,870 12.870 14,313 Funds carrlod foNard 15,508 16.fA18 12,870 All Incoming resourc88 and resources expended are derlved from continuing activities. The charlty has no recogn188d galns or losse8 Othér than those Induded in the Stalem6nl of Financial Adivities above. Tha comparative figures are anatysed ty category in note 9 to the Inancial statements. Tha notes on pages 8 to 12 form part of the financial statements,
The Scots Fiddle Festlval Balance Sheet at 31 March 2025 2025 2024 Nots Curr•nl Assets Stocks 6,053 3.059 7,$74 1&686 8.274 362 Debttys Cash at bank 7.174 11810 Crfjdltor8: Arnhwnts falling due YAthin one ye 1.178 N•1 Curront Ass•ts 15,508 12.870 16,508 12,870 Funds: Unrestrlcted funds R85tricted knds 16.508 12,870 Total Fund• 15.508 12.870 AppYov•d by the Board and authorf••d for lffi%ue on slgned: N•iT Date:
The Scots Flddle Festlval Notes to the Aecount8 for tho Year Ended 31 March 2025 1 Accountlng Pollcl Basis ofA¢¢ountlng The financial statements oftho charity. whkh con8titubs a public benefit enthty as d8fined by FRS102, have b••n prepaTrd ¢n the hi8tori¢81 cost basis and in accordan with the Charitp¥ SORP {FRS 102): Acuunting and Reportlng by Charitie8: Statement of RacommoThJéd Practk appIlble to charllig8 preparlw their accounts in accorthnc• wtth the Financiql Reporting Standard applicable In the UK and Republic of Ireland (FRS102) {•ffoctivo 1 January 2019),: and the Financlal Reporting starKla applrcable In th& UK and Republc of Iroland {FRS102>. Advantag9 ha8 boen takon ofthe 8x•mpfjon permitt•d for 8m•Uer charftt88 not to prepar• a Statsm•nt of Coh Golng Concwn Basls Th• Ilnandal tatsm•nts havo b••n prnpar•d on • golng ¢onem ba8. Th• tw1t$ hav8 18Mfj•od th• charSty'8 obllty to ¢ontlnuo a8 a golng concom and have a reagonable expoclatlon that it havo adequat• r•Sour8 to ¢onllnu• tn oparatlonal exl&tenca for th• f0188tsab firture aJ8umirbg adoquats fvndlng can b• rnls8d for •ach annual fgsllval. Thu$, they corrtlnu• to adopt th• going concern ba818 of accountlng in preparing tho•e fmndal st•tom•nts. Incom• nornlty Ino)rn0 58 re(x)gri1 •nd IncJud•d In tho accounts tho charity ontlU•m•nt to the fvnd•. any pérfomlan or othor ¢ondttlong attachlThJ to the Sncome hava been m•t or arn fulty vAthln tho control af Iho charfty, the income been r•c•lved or r•¢xlpt18 Mnslder•d probabh and tho amount b• moa8Uf•d r•llabty. In¢omo from grants, •ponoornhlp and donatlon8 for th• annual fO•t5v h r•coqnl8•d in th• llnart¢l•l y•ar when th• f•8tlval take• plac• and th• ¢orr•8pondlng expend6tur• h8• been Incurred. Wherp • grant or dun•tion 18 reolv¢d for a IfiC purp08e, It 11 5ndudod In r•8trlctod Inrne ond any unexpend•d pgrtlon carrfed fmrd a• a rn8tri¢t8d fvnd. All expendliure 18 acco for on an accruah ba•[8 and vthon th•re18 a legal or cDn•truct1 obligthn to mak• paym•nt to a thlrd party. D•btorn Trndo al ollor dobtorn are re(x)gnlued at tho Settlement amount duè. Prepaymonts relat• to amounts paid In advanco k)r expendFture attributable to future financtal poriod8. Axrued In(¥)me rel•t08 to Income due for thè (yJrrent year, vthlch had not been bllled or rece6vod at th• year-end.
The Scots Flddle Festlval Notss to the Accounts (contlnu•d) A¢¢ountlng Pollcim (contlnued) Stock Stock15 8tsted at the lower of cost and estimated selling pri188 Cost to 3011. Stod( Is rn(x4niwd as an axpense in the Pe0d In the period in which tho related revanue is recognllod. At tho ond of each reporting period. stod< 18 a88es8ed for ¥npaimiont. Creditor8 are recognlsod at Settlement amourt thre the ¢haiity ha8 a pr08ant obligation re8ultlNJ from o pa8t event, which ig Ilkely to re8uIt In tran8f•r of fund8 to a thlrd party, and th• amount duo can l)6 mèaiur8d or e•tlmatsd réllably. Taxatlon Thg ch•rty 18 exompt from corporntlon tax on It8 charftabh a•. tt 18 not rngl•tsr8d for VAT •nd expenditurn InId VAT whern appropriakn. Funds Unmsfviclad funds can b• u88d In accordan th any of tho charTtable obl•Gts at tho dS•ernODn of the truth88. R•stiTctsd funds can only u••d for partlcular r••trlct•d pu09•1 wlthln tho ob]ect8 of th• charfty. R••trktlon• •rt80 wth•n 8pedfled by th• donor or Wh fund8 ar• r•l•ed for parU¢ular re8trictsd purpow•. Accounrfng e¥tlmat•s The trujteej do not consklor that thorn are any aroa8 of the financlal •tat•m•nts •IgnIfint ludgomenta arn boing carrfad out.
The Sc¢)ts Flddl• Fastlval Notes to th• Accounts (Gontinued) 2. Income from Flddl• F•8tlval 2026 2024 Tid(•t salos & other f88tival income 27,111 stall rental & merch8ndi88 Tot41 Inffi• 719 27,830 510 22.873 2025 2024 3. Grnnts & •pon8ornhlp Wllllam Syson Foundation Other grants, 8ponsor8hlp & donations 2,000 2,750 6,050 5,3e6 5,386 4. Exp•ndftur• & r•lated partl8• 2020 2024 Exp•ndltur• Includes Independenl examln•ts r•muneratlon Invanlory recogn18ed a8 an expense 360 330 360 1,STI No r•munernfjon wa8 pald to any dlrector of th8 Company during elther year. Expen8e• of £419 were reimbur8ed to tru8tee$ durlng the year {2024: £524). £1,490 (2024 restated: £1,267) was pald to John ltZen Llgmlng Servlces- a rdatsd party to the Charity as a close famlly m8mb8r of the tru81e88 - for the provision of technlcal Ilghtlng 8ervice8 at th6 Fe8tlval In November 2024. At the year end no amount8 ramain outstanding to related partle8 {2024: nll). Th18 nole hag been restated to include amount8 pwd to John We5tzen Ughtlng S8rvlce8 In 2024. 2026 2024 6. 8tock Good8 for rn8a18 8,052 8,274 stock represents Legacy propct book8 and CDS, and 1$ $tatod after provlslon8 for Impalrment of £NIL (2024: NIL) 2025 2024 Dobtorn Tmde Debtors Prepaents 3.009 3,059 362 10-
The Scots Flddle Festival Ltd Notes to the Accounts (contlnued) 2026 2024 7. Crodltor8: Amounts falllng du• wlthln ono y•ar.' Trade Creditors Accruals 318 80 1.178 940 Movem•nt on Fund• At At 114124 In¢om• Exp•fidrn 3113120 Unr••trithd fvnd8 12,870 31,498 {28.860) 15.508 Rerlct•d fvnds Total fvnd# 12.870 33,798 (31,180) 15.508 In th• y•ar to 31 March 2025. re•trlctsd fund$ related to grants r•c•l¥pd for Ihe running oltho Youth Engagomont Projecl (YEP). arKI forth• Th Tunes for Balms. con(rt. All other grants and donal10 rec•t¥od durfng tha year ro unre8trict•d. 11
The Scots Flddle Festhial Notes to the Accounts (conlinued) Prlor Year Statement of Flnanclal Actlvlll•8 for the Yaar to 31 March 2024 Unr••trlctod R•strlcted Fund¥ Fund¥ Total 2024 Income from charltabl• actlvlll•s: Income from Annual Fiddle Fèstival Gfants. 8porw8hlp & donatSons $41•8 of ltyacy proJKt mal•rfal8: Total Incom• 22,873 21873 0,366 2,034 2.034 Exp•ndltur• on charltabl• 4ct1vft1. Annual Flddl• F•stfval: Tlcketing costs ([rUdIng commi88lon) Perfomers, f888 & OXP8nses Artlsllc Dlroctor fee8 V•rwe expense• & Insurance Publldty & mer¢hand18• Outr8ach (YEP) programme Other adrnlnistratra 1$ Accountancy & inknndent examlnatlon Other exp•ndIy•. Total •xpendltur• 2,158 2.156 12,030 12,030 2,100 7,486 2,100 7A86 2,071 2,784 2.071 2,784 1,152 1.162 380 1,577 31.716 1.677 31.716 Net Incom• l {•xpfrndltur•) lor y•ar {1,443} 11,4431 Net movoment In funds Fund¥ brought forvArd 14,313 14.313 12-