REGISTERED COMPANY NUMBER: SC283758 Iseotland) REGISTERED CHAIUTY NUMBER: SC036496 R¢ rt of the Trust¢es and Financial Statements for the Year Ended 30 Se tember 2025 Leith Festival Association Ltd L£ith Festival Association Ltd Contents of the FiT￿nCial Statements for the Year Ended 30 Se tember 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Leith Festiwdl Association Ltd Re stered number.. SC283758 rt of the Trustees for the Y&qr Ended 30 Se tember 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the finallcial statements of th¢ charity foi the year ended 30 Septemb¢r 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland IFRS 102) {effective l Jalluary 2019). OBJECTIVES AND ACTTrUTIES Objeetive5 To promote and benefit the inhabitants of and visitors to Leith and its environs in a con]tnoll effort to advance social inclusion and education through the promotion of the arts and skills developTnet]t by providing facilities, or working in partnership to assist ID the provision of facilities, in the interest of social welfare and for recreatiott alld other leisure-time occupation so that quality of life may be improved. To promote, establish, operate an&or support other s¢hemes and projects of a charitable nature for the benefit of the community witkn"n Leitti and surroUndi￿g neighbourhoods. Principal Actlvlty Leith Festival is a voluntary organisation with a cotDmunity frstival held each year over 9 days in J￿lle. The Festival provides the opportunity for a wide ratjge of community organisations and locai people to celebrate the COTllmunity spirit and develop new slulls and confidence building m&￿￿￿eS through the experience of organising atjd 4Xelivering a wide Tange of performances and events. Leith Festival also holds other events throughout the year when resourccs allow. ACHIEVEMENTS AND PERFORMANCE Thc Charity was pleased to be able to once again organise and deliver Leith Festival week. The weather wa5 scvere throughoul much of the week, and worsened on the Saturday to the extent that we had tt) suspend Gala Day lo cnsure piiblic safety. We revamped Festival Week, by moving our street procession, the L¢ith Pageant to the sLcoJid .Sunday of Juiic, to lead into the Leith Tattoo event. Lciih fcslival is all about the ¢on]mllnity of Leith. it gives the opportunity for professional alld atnateui gri)ilPS iilikc lo bc iiivolvtyd in theaire, Tnusic. arts, history. song and in fact pretty tnuch anything within their local COEyiirunily. I,L.%tival W¥Lk docs not have any rcLTiilar annual incorne. it is dependent on sponsors. advettisers and supporters. liiiidi'Li1.4lllb￿ Jnd ULLclSIOIILiI oiie otT granlb. Thanks go to all OUT sponsor8, advertisers. community supporteis and v()ILllllccrs. Thc vi)ILiiIILLr board ¢onlinuLd lo meet regularly for platming purposes and th¢ allDual reNTrew of activitie%. ThL bi)Iird liab ci)iilinuLd IL) dibLu.%s aiid monitor options for future, mole regular activities, and to explore partrership willi i)Ilici Iirb7&11l15illion.%, witli a vilw to Ill¢Teasing diversity among volunteers and perfortn¢rs, and widening IliL I'LtlLli ill. Il% l)Iir iicliviliL.% havc becn rLjuvetMted by our new board member Mike Dohety. Our thaDks to Phil Aiii'idbv. ',1 Ii)rib slajidiiib? b()ai-d InLnibLI whi) rctired in 2025. Miii'L fLLLiiily WL havc bcLn sdddened by the passing of two fonner long serving board members, Liz Piils1)11 iiiid Mily IIlNAN('IAI. RIIVILW Anriuul I, illJllLial revie I'IILI'L j.% 'iii IivLr.'Ill (lili¥il <)I' L? 546 for the year12024'. surplus of £5,458). A(l(Iili()IlLII Lll.%Iy WLfL LXPLri¢iiLed in 2025 due to in¢rEased freelance stsff costs and incr&￿ed infrastT-Iii Iiii'L Iiis1% li)r IIIL I liil..I l )..iy Al.%iTr IIiLfL WIIS 1)iily one small giant of Ll,632 received this year from the Leith Bcnevoli'iil l.1iiiil wliii Pi '[ iilLII IIiLI)IIIL Wii¥ £?4.74X I ?1194.. £22,994) with total cxpcnditure of £27,294 (2024.. £17.536). Page I Leith Festival Association Ltd stered Dumber.. SC283758 ort of the Trustees foi the Year Ended 30 Se tember 2025 FtNANCIAL REVIEW Reserves policy The charity has consistently followed a policy of accutnuLqting annual surpluses to provide 2 reserve for future y&ir5 where there may be a deficit. Reserves are set &t a minimum of one year oveThead costs with no upper limit but Leith Festival should airn to maintain reserves at a level to provide one ye*s Gala Day costs and ideally rhe fL￿d5 for a patt time Freelance Festival Coordinator post. Total reserves at the year end are £20,765 (2024..£23,3111 with £20,765 {2024.. £21,942} in unrestricted funds. With ullrestricted expendiftlre 2025 of £25,942 the reserves flll sbghtly short of the tartset amowiL however the Trustees art Confident rhat the current level of reserves are suffjcient to contiThue as a going concern for the next 12 months. FUTURE PLANS The Leith Festival plans to continue to promote its charitable objectives of advancing education through promotion of the arts for the benefit of the con]munity with1￿ Leith and its surroundillg environs. It is ellvisaged that Leith Festival will aim to increase the range of events as capacity and appetite allow. STRUCTURE. GOVERf4ANCE AND MANAGEMENT GoYerniDg document Thc charity operates under the name Leith Festival Ass(¢iation Ltd. The charity is a private company limited by guarantee and is iecognised by the Office of Scottish Chatities Reglllator as a Scottish charity {number SC2837581. The charity is goveined by its articles of &ss)¢iation & eonstitutioll which was forn)ally adopted at Ihe first Annual General Meeting. held ot] 7th March 2006. AGM and Trustees Trustees of the board are elected by the members of Leith Festival Association Ltd. All the trubleeb. being eligiblc. offer themselves for re£lection at the Annual General Meeting. All majc)r opcrating decisioiis are decided by the Board of Directors. ThL Iicxt AGM will bc hcld in April 2026. Risk. I'IIL tru%lLL% liavL LxJmincd tlic major strategic business and operational risks which the cl￿rity faces aiid Li)Iiliini% IhL?I %y%ILlll% .IrL iIi plJLL to ciiablc regular reports to bc provided so that necessary steps can be taken li) IllllillllllL LIIIY Rb'.Il'Tr:R￿.,NCTr', ANI) ADf*iiNISTRA TtVE DETAILS ReRl%tI'rcil Coinp#Try number ReRl%tered C'hthrlty nutmher HL'k>l.¥tLrcd ofllce Pdglc 2 Leith Festival Association Ltd istered number.. SC283758 Re ort of the Trustees for the Year Ended 30 Se tember 2025 Trustees Nick Gardner Chair P￿"1 Attiidge Vice Chair (resigned 22.5.251 Barbara Kerr Marie Jose Adami Treasurer Da￿en Stnith Michael John Doherty (appointed 18.3.25) Independent Ex8miner Mathew Gillies LLB IHODSI ACPA FCIE Cowan & Partners Limited 60 Constithtion Street Edinburgh EH6 6RR Bankers Bank of Scotland 13 Newkitkgate Edillburgh EH6 6AD Approved by order of the board of trustees on ... 1.7.....Id..,..2.G•............. and signed on its behalf by= Nick Gardner- Trustee Page 3 Inde endent Examinei's Re ort to the Tn￿te¢S of L£ith Festival Association Ltd I report on the accounts for th¢ year ended 30 September 2025 set out on pages five to twelve. Respectlve responsibilities of trustees and examiner The charity's trustces are responsible for the prepaiation of the accounts in accordance wth the terms of the Charities and Trnstee Investment (Scotland) Act 2005 and the Charities Accounts Iscotlalld) Regulations 2006 (as amended). The charitys trnstees consider that the audit requirement of Regulation 10(11{a} to Icl of the Accounts Regulations does not apply. It is My responsibility to examine the accounts a5 requir¢d under Section 44lll(cl of the Act and to state whether particular matters have come to my attention. Basis ofthe independent examiner's report My examination was carried out in accordance with Regulation I l of the Chatities Accounts (Scotlandl Regulations 2006. An exan)ination 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 seeking explanations from you as trustees ¢oDcetniDg ally such matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequtndy I do not express an audit opinion on the view given by the accounts. Independent examlner's Statement In connection w￿th my examination. no matter bas to ￿Y att¢ntion '. 11) wh]"ch gives ￿t reasoTJable cause to believe that. in any material r¢spe¢t. the requireTrrn)ts to keep accounting iecords in aecordance with Section 44111(al of the 2(X)5 Act alld Regulation 4 of the 2006 Accounts Regulations,. and to prepare accounts which accord wth the accollnting records and to comply with Regulation 8 of the 2006 Accounts Regulations havc not been met.. or 121 to wliich, my opinion. attention should be drawn in order to enable a proper understsnding of thL accounL8 to bc rcachcd. MLiIIILW (Jillie% LLI3 IHonsl ACPA FCIE I,ull i)IcniliLr 4Jl' Ihc As&ociiltion of Charity Independent Examiners ('i)Wl1 11 & l Jrtncrs l.imilLd Page 4 Leith Festival Association Ltd Statement of Financial Activities Inco oratin an Income and Ex enditure Account for the Year Ended 30 Se tetnber 2025 30.9.25 Total funds 30.9 24 Total funds Unrestricted Restricted funds Notes INCOME AND ENDOWMENfs FROM Donations and legacies 2,041 2,041 2,039 Charitable activlttes Charitable activities 1,632 1,632 5.110 Other trading activities 21.075 21.075 15.845 Total 24,748 24.748 22,994 EXPENDrruRE ON Charitable sctivities Charitable a¢tivitie5 25,942 1.352 27,294 17.536 NET INCOMEI{EXPENDITURE) Transfers between funds (1,194) 17 (1,352) (2,546) 5.458 Net movement in funds {1,177) (1,369) (2.546) 5,458 RECONCILIATION OF FUf4DS Tolal funds biouuhi forward 21,942 1,369 23.311 TOTAL FUNDS CARRIED FORWARD 20,765 20,765 CI)NTINUING OPERAI'IUNS All iiici)IllL d&id CXPLndituiL hdb aiisen from continuing activities. ThL stalLI￿L17t ur riiiancial 3clivilies includes all g&ins and losses recognised in the year TIIL 111)li% luriJi part of these f]nanci81 statements PdLJC 5 L£ith Festival Association Ltd istered number.. SC283758 Balatjce Sheet 30 tember 2025 30.9.25 Total nds 30.9.24 Total funds UDrestricted fijnd Restricted fijnds Notes CURRENT ASSETS Cash at bank 20.765 20,765 23,311 NET CURRENT ASSETS 20,765 20.765 23.311 TOTAL ASSETS LESS CURRENT LIABILITIES 20,765 20,765 23,311 NET ASSETS 20,765 20,765 23.311 FUNDS Unrestricted fvnds Restricted ￿lld5 20,765 21,942 1,369 TOTAL FUNDS 20,765 23,311 The charitable company is entitled to exemption from auditunder Sectiotj 477 of the Companies Act 20a6 for the year cndcd 30 Scptember 2025. TIIL tncmbcrs have not Tequired the company to obtain an audit of its fjnalleial ststements for the ycar endLd 30 8cptetiiber 2025 tn a¢¢ordan¢e with Section 476 of the Compani¢s Act 2006. ThL ttustL'C5 iicknowled¥e theiT responsibilities for cn%uring that th¢ charitsble company keeps accollnting record5 that ¢omply with Sections 386 Iclaliiis to fiii￿entS ate valued at the amount prepaid net 01 any trade discounts due. Cash At Bank and on HADd Cash at bank and cash in hand includes cash and any short terni highly liquid investments with a short Tnaturity of three months or less from the dat¢ of acquisition or opening of the deposit or similar account. Creditors And Loans Creditors and loans are recognised w4Jere the charity has a present obligation resulting from a past event that will prtsbably result in the transfer of funds to a third party and the amount du¢ to settle the obligation Can be measured or estimated reliably. Creditors and loans aTe nornmlly recognised at their settle￿ent amount aft¢r allowing for any trade discounts due. VAT Leith Festival Association Ltd ts not VAT registered and therefore all expenses are recogDtsed gtoss of VAT. DONATIONS AND LEGACIES 30.9.25 30.9.24 DonatiOnS 2,041 2,OJ9 OTHER TRADING ACTITrTfiES 30.9.25 -31).9.24 Fundraising evetjts 8pnnborships MLtnbet5hip 12.875 8,21K) 4.900 21,075 1.S,X45 INC:OME FROM CHARITABLE ACllVITIES 30.9.25 Cb3ritabl¢ actiwties 1,632 (ifi2111.% rLLLivLd, iiiLliidLd in tlic above. are as follows.. 30.9.25 ('rL', 1.632 1,632 Pagc 8 IKith Festival Association Ltd Notes to the Financial Statements continued for the Year Ended 30 Se tember 2025 CHARITABLE ACTtvtTIES COSTS Direct Costs (see note 6) Support costs (see note 7) Totals Charitable activities 25.818 1,476 27,294 DIRECT COSTS OF CHARITABLE ACTIVITIES 30.9.25 30.9.24 Insurance Gala Week Miscellaneous Expenses Office costs CS open fi]nd expenditure Leith's got talent 1,105 21,019 775 1,895 1.098 11,271 304 2.299 1,088 1.024 25,818 16,060 SUPPORT COSTS Gove￿anCe costs Charitable activities 1.476 .8upport Costs, incliided in the above, are as follows.. 30.9.25 Clwitable activities I'olal Accounlan¢y and lebFdl fees 1,476 I'RU.qTEES' REMUNERATION AND BENEFrrs Dill'fLlI Siiiith la TrubicLI received remuDeration of £400 for tbe design of the festival programmL I?1114.. L411111. TIILfc Wber 2019. Due to Covid-19 the banner launch could not go ahead as planned 2020 and funds were carried forward to cnbuTe that the banner launch can go ahead. The project was completed in 23124 and any remaining fL]nds were ir