~~4~~ Charity Registration Number: SC032232
Mid Argyll Music Festival Annual Report and Financial Statements For Year Ending 30 June 2025
Mid Argyll Music Festival
Contents
Reference and Administrative Details .............................................................................................................................. 1 Trustees Report ................................................................................................................................................................. 2 Independent Examiner’s Report on the Accounts ............................................................................................................ 4 Statement of Receipts and Payments for the Year Ended 30 June 2025 ......................................................................... 5 Statement of Balances as at 30 June 2025 ....................................................................................................................... 6 Notes to the Financial Statements for the Year Ended 30 June 2025 .............................................................................. 7
Mid Argyll Music Festival Reference and Administrative Details
Charity Name Mid Argyll Music Festival Charity registration number SC032232 Principal office 26 Fernoch Crescent Lochgilphead Argyll PA31 8AE Trustees Office Bearers Chair – Cathleen MacDonald Vice Chair – Miriam Tarn Treasurer – Lorna Jordan Secretary - Alison McGinty Secretary – Lorraine McGinty Committee Martin Gorringe Karen Welch Darren Tarn Joanna Green Josie MacDonald Shona Keith (resigned Nov 2024) Kari Maxwell Bankers Bank of Scotland Poltalloch Street Lochgilphead PA31 8LW
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Mid Argyll Music Festival
Trustees Report
The Trustees present their report along with financial statements of the charity for the period 1 July 2024 to 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity’s constitution and applicable law.
CONSTITUTION AND OBJECTS
Mid Argyll Music Festival was formed under a constitution dated 22[nd] October 1981, revised in November 2009 and is a registered charity.
The objects of the charity, within the area in which it operates, are to advance, promote and encourage, generally by means of the performing and competitive movement, the study and practice of the art of music in all its branches. These objectives are achieved mainly through the organisation of the annual Mid Argyll Music Festival. In the performance of these objectives the trustees have given due regard to the public benefit guidance as published by the Charity Regulator.
The 41[st] annual music festival was held in March 2025.
It was decided not to make any bursary awards this year.
ORGANISATION
The committee members or Trustees, who are appointed at the Annual General Meeting, for the year and since are set out on page 1. The committee meets regularly to monitor, evaluate and control the festival. Members thereof do not receive remuneration and are assisted by an enthusiastic group of volunteers.
FINANCIAL REVIEW AND INVESTMENT POLICY
The charity receives most of its funding from the annual music festival. Under the charity’s constitution the charity has the power to make any investment which the trustees see fit.
RESERVES POLICY
It is the policy of the charity that the annual festival should be self-financing, however this is proving to be increasingly difficult to achieve, and reserves have been accumulated over recent years. The trustees decided that, when possible, part of the reserves should be made available to award a bursary to a promising musician. In light of the first, scaled-back Festival since 2019 being held in 2025, competition entry fees were not requested in order to encourage participation and bearing in mind that reserves remain under pressure, no bursary was awarded.
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Mid Argyll Music Festival
Trustees Report
RISK MANAGEMENT
The trustees have assessed the major risks to which the charity is exposed, in particular to the operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to the major risks.
TRUSTEES RESPONSIBILITIES
Law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent. The trustees must also prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Law Reform (Miscellaneous Provisions) (Scotland) act 1990 and Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularity.
Approved by the Trustees and signed on their behalf by:
Cathleen MacDonald
Cathleen MacDonald Chair
Date: 26 November 2025
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Mid Argyll Music Festival
Independent Examiner’s Report on the Accounts
I report on the accounts of the Trust for the year ended 30 June 2025 which are set out on pages 5 – 7.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. 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 accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that in any material respect the requirements:
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To keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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To prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
Have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Morag Cupples
Morag Cupples BA ACMA Independent Examiner
Date: 12/03/2026
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Mid Argyll Music Festival
Statement of Receipts and Payments for the Year Ended 30 June 2025
| Unrestricted Funds Restricted Funds Total Funds 30 June 2025 £ £ £ RECEIPTS Sponsors - - - Entry Fees - - - Admissions & Programmes 884.00 - 884.00 Sales - - - Raffles - - - Catering - - - Donations 10.00 - 10.00 Fundraising - - - |
Total Funds 30 June 2024 £ - - - - - - - 457.45 |
|---|---|
| Subtotal 894.00 - 894.00 |
457.45 |
| PAYMENTS Venue Hire 1,051.80 - 1,051.80 Insurance 868.00 - 868.00 Printing & Stationery 712.12 - 712.12 Piano Tuning & Repair 240.00 - 240.00 Adjudicator Fees & Travel 1,749.90 - 1,749.90 Accommodation & Subsistence 390.00 - 390.00 Advertising - - - Catering 520.59 - 520.59 Miscellaneous - - - |
- 80.00 - - - - - - 40.00 |
| Subtotal 5,532.41 - 5,532.41 |
120.00 |
| 337.45 | |
| Surplus / (deficit) for year (4,638.41) - (4,638.41) |
The notes on pages 7 form an integral part of these financial statements
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Mid Argyll Music Festival
Statement of Balances as at 30 June 2025
| Unrestricted Funds Restricted Funds Total Funds 30 June 2025 £ £ £ Bank Balance at Start of Year 13,572.43 - 13,572.43 Surplus / (deficit) (4,638.41) - (4,638.41) |
Total Funds 30 June 2024 £ 13,234.98 337.45 13,572.43 |
|---|---|
| Bank Balance at End of Year 8,934.02 - 8,934.02 |
Approved by the Board on 26[th] November 2025 and signed on its behalf by:
Lorna Jordan
Lorna Jordan Treasurer
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Mid Argyll Music Festival
Notes to the Financial Statements for the Year Ended 30 June 2025
1 - Accounting policies
Fund accounting policy
Unrestricted income funds are general funds that are available at the trustee’s discretion in furtherance of the objectives of the charity.
Incoming Resources
Grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Resources Expended
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor area, or per capita, staff costs by the time spent and other costs by their usage.
2 – Trustees Remuneration & Expenses
No Trustees received any remuneration.
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