REGISTERED COMPANY NUMBER.. SC283454 (Scotlandl REGISTERED CHARITY NUMBER.. SC037105 Report of the frustee5 and Unaudited Financial Statements for the Yezr Ended 30th November 2025 for Nalrn Book & Arts Festival
Nairn Book & Arts Festlval Contents of the FiTran¢lal statements for the year ended 30th November 2025 Page Report of the Trustees I to 10 Independent Eyarniner'5 Report li Statement of Financial Actlvlties 12 Balance Sheet 13 to 14 Notes to the Fsnanaal Statement5 15 to 20 Détalled Ststement of Financial Activities 21
Nairn Book & Arts Festival Report of the Trustees for the year ended 30th November 2025 The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006, present their report with the financial 5tatÈments of the charity for the year ended 30th November 2025. The trustees have adopted th& provisions of Accounting and Reporting by Charities.. Statewent of Recornmended Practice applicable to charities preparing thelr account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Page I
Nairn Book & Arts Festival Report of the Trustees foi the year ended 30th Novernber 2025 Objective5 and activities Aims and objectives.. The charity st8ges an annual 3rts festival in the Highland town of Nairn for the ben&lit of the whole community and encourages participation in. and support for, the art5 In the whole of Nairnshire. Each year it present5 an exciting and varied programme of events in indoor and outdoor venues across the town. The lestlval is a long established annual arts event in the NorthEast of Scotland, celebr8tin8 the best of our HighlandlNorth Eastern Culture and tr3ditions, and bringin8 high qu31ity arts programrning to the region. It 15 eagerly anticipated each yoar by local people who love the 2rts, and visitors to the area. The 2025 Nairn Book and Arts Festival celebrated all things coastal and maritime. The programme had a strong environment31 thread, with talks, n3tur& writing workshop5, and a day of outdoor creative events dedicated to the natural world. Pa8e 2
Nairn Book & Arts Festival Report of the Trustees for the year ended 30th November 2025 It included,. o Julie Fowlis and Duncan Chisholm presenting 'An TrÈas Suaile,, an account of the lolaire tragedy, with live music 3nd film o Music from our folk traditions with Assyntl H3nnah Rarity and Innes White. o 'Unco' _A Queer Scots Lexicon - exploring the history and development of Scots language for the LG8TQ+ community, with acclaimed MUSclEn Malin Lewis, award winning poet Harry Josephine Giles, and poet Mae Diasangu o A lineup of respected authors, poets and artists including Andrew O Hagan, Ali Smith, Errolyn Wallen, Noreen Masud, and Angle Lewin o 'Interstellar IO, a unique talk and organ recital, by the acclaimed Roger Sayer o Tours - Pictish sites, the art of Cawdor castle garden, and more o Creative writing and art workshops including nature based haiku writing, and the creation of giant sea creature puppets o Panel discussion ON the art of the graphic novel. o A New Writing event o A local 8Uthor's debut book launch o Film screenings/ Q&A o bran è, Chuain an exhibition encapsulating the Northern Scottish coast by invited Highland artists o Young musicians competition o We introduced a new short story writing competition The Astley Prize, in memory of a prornising young local writer o Extensive outreach to local schools including a collaboration with Scottish Opera o We commissioned programme cover artwork by Hiehland artist Georgina Coburn. The festival culminated with Finale Day - a day of free outdoor creative event5 and performance focusing on sealife lcoast, with live music from local musicians and 3 coastal th&rned repertoire from Highland 8r2ss, 3 cycling 'poetry bomber,, a specially devisÈd performance of 'The Fishers and the Shanks. by 3 UHI drarna student 3nd a local swordfi8hting tlub, and a very well èttended community parade with comrnunity-created giant sea creaturè puppets. Local onvironrnental groups had stalls and put ON family friendly activities. Ali Smith Page 3
Nairn Book & Arts Fe5tSval Report of the Tntstees for the year endod 30th November 202S We surpassed what we set out to do, reaching more children than ever with schools events, achieving exceptional ticket sales. and Strengthening creative partnÈrships. We have received extremely positive feedback post festival. Common cornments are that the festival just gets better and better each year, and that it was the best edition ever. There were some challenges.. sadly we could not stage CALA an extr30rdinzry vertical dance performance, as it did not tour thi5 year, but we hope to programme it in future. Grant funding 3nd sponsorship from 3 variety of source5 Wlth key support from Creative Scotland, Event Scotland, The Davidson INairnl Trust and our Principal Sponsor, Hav&ntU5 enabled us to stage top quality creztive events. inclvding high profile artists like Julie Fowlis and Duncan Chisholm, but also up and corning artists who are well- respected in their fields but don't have a big local profile such as Harry Josephin& Gile5. We have enthusiastic. appreciative audiences eager to discover new art15ts. It is very irnportant to us to be able to stage these types of events -Wlthout funding this wouldn't be possible. The 2025 festival will shape our work into the future.. The staging of 'lnterstellar' ha5 given us the confidence to increase the sc81e and ambition of events and break out into using new venue5 Wlthout compromisinE on 8rtistic quality. The inclusion of Duncan Chisholm, Julie Fowlis and Roger S?yer has helped u5 raise our profile and given us the confidence to programme highei profile music artists as well as being more aware of the associated demands of prograrnming such artlsts. We have created a new local 3rtistic resource trained parade puppeteers looking for new opportunitie5 and an environmental artist workin8 at much larger scale than ever before. WÈ have seeded the idea of mini film festival already being taken forward by a local artist, 3nd enabled a local musician to cur3t& a day's live music pro8ramme- she 15 keen to work more with us. Marketing.. A successful media campaign including interviews Classical Music Magazine and International Arts Manager, radio interviews on Radio 3, Radio 4 and BBC Radio Scot13rid, local 2nd regional zdvertising, 3nd a highlv proactive and creative 50tial medi8 carnpaiEn combined with early release ol tickots for selected events resulted in record breaking ticket S81es thi5 year, ESI report.. This year, we commissioned an Ectsnomic and Social 8enefit Impact Report, which is available to download from our wetjsite. Capturing data from over 700 audience surveys - print and online as well a5 video vox pops and volunteer 3nd participant feedbzck, the report highlights the imp8Ct that the f&stival has on our local commuTrity, not only financially but in terms of social currency and value. Thi5 year the festlV31 w3$ rosponsible for £221,438 of direct economic input Into the local economy, alongside wide-ranging social. cultural and wellbelng bone*its lor people of all age5. Visitor spendinE added further benefir, with Surveys estimating £97,563 of additional non-ticket spend on food, drink, accommodation, retail and tran5POrt. Volunteer time and in-kind contributions, a hallmark of the Festival's community roots, were valued at £58,343, based on 2,690 volunteer hours. PaEe 4
Nairn Book & Arts Festival Report of the Trustees for the year ended 30th November 2025 During the 2025 FestlV31, which ran for nine days and delivered 91 events, 6.024 people attended, with audiences drawn from acr055 the High13nds, Moray, the rest of Scotland, the wider UK and overseas. The majority were from Nairn/ Nairnshirel East Moray147%1, and then the wider Highland and Moray region 137%), with some 130A vislting from elsewhere in the UK and 2% from oversea5. Around 29% were first time visitors to the festival Isource.. paper 5urveysl. We worked with è volunteer team of 61 varying in age from 15 to late 70's. Case studies from volunteers credited the festival for creating, 3mollg other benefits, an increased Sense of self-worth, decreased loneliness and isol8tlOn, and supporting cornmunity integration and cohesion. We worked with 147 performers, and there were over 700 participants in festival events over311. Survey r25ponses from 777 participant5 revealed that 98% rated events as excellent or very good. while over 90% said the Festival 5trengthen&d community spirit. The festival's outreach pro8r3mme of creaiive and author workshops for children and yourig people reached a record 900 primary and secondary age children, with 300 children and adults taking part in our proce55ion. Adult creative workshops reached 150participants. We organised cre8tive workshops in two care homes lor people living with dementia and their carers. Feedback for these wa5 overwhelmingly positive. Page S
Nairn Book & Arts Festival Report of the Trustees lor the year ended 30th November 2025 Creative workshops in care homes The festival is keen to work with new partners each year and make connections with some ol the strongest arts organisations in Scotland and elsewhere. This year we worked with the V&A Dundee for the first tirne to bring a virtual tour and talk to pupi15 at Nairn Academy. We partnered with a new venue, St Ninian's Church, which p055e55ed a very high calibre organ nece55ary for Roger, Sayer'5 '1nterstellar' performance. We also worked with Scottish Opera on 'A Little Bit of Northern Light,, a live performance in four primary schools by singer Hannah Rarity, two t31ented tT3ditional musicians Graeme Mackenzie and Pablo Lafuente ènd narrated by local children's author Corrina Campbell. We continue to have a close re13tionship with Moniack Mhor Writer5, Centre. We worked with Tornagrain Community A550ciation 8nd Strengthened our relationship with Fornighty Hall and E3St Nairn5hire Community Benefit Fund to reach isolated people in our rural community. are decreasing the environmental imp3Ct ol the festival a5 far as possible while Still attracting a broad range of artists from acr05S the country our partnerships with local environmental charities such a5 Green Hive help us to stay up to date with possible new solutions and different ways of thinking. Fewer of our speakers arid participants fly now, rnost take the train or drive, m3ny using electric or hybrid vehicles. We further reduce our carbon footprint by engaging authors and musician5 who are touring the are8 anyway, and encourage all our audiences to trèvel sustainably where they can. Page 6
Nairn Book & Arts Festival Report of the Trustees for the year ended 30th November 2025 Audience feedback.. Enjoyed the professionol vibe & great speakers- also the vuriety Seing o locol & hovino visited the castlefor decodes Ifound onother yeur of magicol hidde tules urterly encharjting cun't woitlor2026 tour Apprtciote the Ucpoymentfurjdor I couldny affordit Amazing to see originol queeruct through Scot5 andso locolly Mulin is G brilliont musician, I loved the psuz of tbe Aberdoniun poet Imoe Diunsungu] and the way She ond Josle plJyed with langu(yge/meaning etc. It wos inspiring Allfabulous, o huge well done to the organi5er5. Love the voriety of events- keep up the greot workl A broad progrumme,fontostic uchievement- Noirn on steroidsl I really love how thefestivttl brings the community together and l also enjoy the parade ond how thefestival provides evenrs, octivities ¢Fnd entertainment for anyone und everyone from 0-100 yeors old. It is moking me so, 50 happy{Young oudience member, 15 yeors) PaBe 7
Nalrn Book & Arts Festival Report of the TrustÈes for the year ended 30th November 2025 Financial review Financial analysis Grants awarded to the festival overall exceeded previous years de5Plte the challenging context. Grants from public bodies including generous grants from Creative Scotland, Event Scotland and Highland Council totalled £20,050. with overall grant funding totalling E43,354. We wÈre again very genÈrously supported by the Davidson INairnl Trust 1£6,50013nd aw3rded funding by David Summers Trust 1£3,(M)O, specifically supporting our literary programmel, The Sy50n Trust 1£2,0001, The McGlashan Charitable Trust1£2,0001, Conundrurn Charitable Trust l£l,0001, Hugh Fr35er Foundation l£l,0001, The Russel Trust IEI,0001, Winds ol Change CBF- towards tre3tive activities at Cawdor primary school l£l,0001, the W A Cargill rrust1£9001 towards creative workshops in care homÈs, The Williarn Grani Foundation via The Highland Book Prize/ Moniack Mhor1£2001. Nairn Rotary supported costs for the Young Musicians Competition1£2501 as did Music Nairn1£2001. Highlznd Council Nairn Ward awarded us funding of £2,500 towards the cost5 Of producing our programme and creative c05t5. ENCOMM very 8enerously Supported our East Nairnshire outreach programme of creative workshops with a grant of £4,879. Sponsor support was at a record level this year, due in large part to some very hard work by Alison Bertlin and the fundraising team, and the generosity of our higher level sponsors. We raised £17,100 this year. We are in the second year of a tran5forrnative 3 year. £10,000 p.a. sponsorship deal with our Principal Sponsor Haventus Ltd which Elves us a secure footing to develop the festlV31 in a sustainable way. Our generous Headline sponsors this year were Tornagrain LtcJ1£3,0001. Associate level l£l,OQOI sponsors were Places for People. Church8ate Partner5, Fred Olsen Ltd and longstanding supporter Gordon Tirnber. Other sponsorship was raised through Patron1£5001 and Supporter1£3001 level support. Patron supporter5 included Cawdor Castle, 8oath Stables, Ashers, Rathbones Ltd, Nairn Golf Club lin the second year of a two-vear sponsorship de31) and the Bandstand Bar and Restaurant, and supporter5 included 8ramble5 of Nairn, The C3Stle Gallery, and N3irn Literary Institute. Onllne ticket sales of £31,472 also exceeded previous year5 and prediction5 by 8 significant margin, due to a successful marketing campaign, in which varied and eye catching social media content featured very prominentlyi high profile performers, and early ticket releases, 3 new development which proved popular. Other fundraising efforts throughout the year, some generous online donations, and Friends membership5 raised over £2,500, while entries to the new A5tley Writing Prize raised £1,100. Costs were up this year, largely due to inflation, but with sorne unexpected additional costs for special technital services for a mu51c Èvent, and an increased number of participants requiring accommodation, with some from further flung locations requesting 2 nights accommodation. The cosr of the Economic 2nd Soci818enefit Impact report Was partially funded by Just Enterprise but the large part of the cost was covered by festival reserves. Page 8
Nairn Book & Arts Festiv41 Report of the Truste@s lor the year ended 30th November 2025 Financial review Reserves policy For the year ended 30 November 2025 the charity h8d unrestricted reserves of £30,677 at the year end. It is the policy of the charity that unrestricted funds which have not been designated lor 3 specific use should be rnaintained at a level equivalent to six months. expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consider3tion is given to ways in which additional funds may be raised. This will 3150 enable them to respond to future unexpected opportunities. Strutturetr governance and management GoverninE document The charity Is controlled by it5 governing document, a deed of trust. and constitutes a limited company, Ilmr(ed bv guarantee, a5 defined by the Companies Act 2006. The charity 15 a company limited by guarantee governed by its Mernorandum and Article5 of Associ3tion. Noe of the trustees has any beneficial interest in the compèny. All of the trustees 3re members of the cornpany 3nd guarantee to contribute £1 in the event of a winding up. The overall management and policy decisions of the cornpany are the responsibility of the board ol directors who are elected under the term5 of the company'5 Articles of Association. The trustees have 3sse55ed the major risk5 to which the charity Is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Trustee5 undertake appropriate charity corllpliance rraining 3nd are aware of the Reference and administrative details Registered Cornpany number SC283454 (Scotlandl Registered Charity number SC037105 Aegistered office 4th Floor Metropolitan House 31-33 High Streot Invernoss Inverness-shire IVI IHT Trustee5 S Lusk (resigned 10.1.20251 R Skeldon Retired P Stuart Company Director A M Bertlin Retired Civil Servant K J Stuarr Busine55 Owner (resigned 8.11.20251 C D Thwaites Retired13ppointed 16.1.20251 V Smithson Iiesigned 16.01.20251 A M E Z31uczkowska Lecturer A M Clucas Director lappointed 10.8.20251 P Jethi Dirertor (appointed 10,8.20251 Page 9
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Independent Examiner's Report to the Trustees of Nairn Book & Arts Festival I report on the 3ccount5 lor the year ended 30th November 2025 set out on pages nine to seventeen. Respective responsibilities of trustee5 and examiner The charity's trustee5 ale responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl ReEul3tion5 2006 las amended). The charity's trustees consider that the audit requiiement of Regulation Iollllal to Icl of the Accounts RÈgulation5 does not 3pply. It is my responsibility to examine the accounts as required under Section 44llllcl of the Act ènd to state whether particular matters have Come to my attention. Basis of the independent examiner's report My examination w35 Carried out in accordance with Regulation 11 of the Charities Accounts IScot13ndl Regulations 2006. An ex8mination includes a review of the accounting records kept by the charity and a comparison ol the account5 presented with those retords. It 8150 includes con5ider3tion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee5 concerninE any such rnatters. The procedures undert3ken do not provide all the evidence thar would be required in an audit, and consequently I do not expres5 èn audit opinion on the view given by the account5. Independent examiner'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 materlal respect, the requirements to keep accountin8 records in accordance with Section 44iillal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations,. and to prep3re accounts which accorcl with the account1ne records and to comply with Regulation 8 of the 2006 Accounts Regulztions have not been met,. or 121 to which, in my opinion, attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Stuart Mcmartin B.Sc FCA The Institute of Chartered Accountants ol England and Wales Date.. Page 11
Nzirn Book & Arts Festival Statement of Financial Activities for the year ended 30th NovernbÈr 202S 2025 Total funds 2024 Total funds Unrestricted tund Restricted fund Note5 Income and endowrnents from Donations, sponsorship and gr3ntS 54,964 11.017 65.981 72,641 Charitable activities Ticket sales Other 26,469 2,977 38,757 38,757 Other income 78 78 Total 93.799 11,017 104,816 102,087 Expenditure on Raising fund5 6,642 6,642 2,215 Charitable activities Ticket sale5 Other 613 80,g47 94.780 11.017 105,797 Total 101,422 11,017 112.439 83,775 NET INCOMEIIEXPENDITUREI 17.6231 17,6231 18,312 Recon¢iliation of funds Total fund5 brought forward 38,300 38,300 19,988 Total fund5 carfied forward 30,677 30,677 38,300 The notes form part of these financial statements Page 12
Nairn Book & Arts Festival 8alance Sheet 30th November 2025 2025 2024 Notes FlxÈd asset5 Tangible assets 656 875 Current assets Debtors Cash at bank 5,552 28.193 3,375 38,812 33,745 42,187 Creditors Amount5 falling due within one year 13,7241 14,7621 Net current a55ets 30,021 37,425 Total assets less current liabilities 30,677 38,300 NET ASSE7S 30.677 38,300 Funds UnTestiicted funds 30,677 38.300 Total funds 30,677 38,300 Tho ch3rit3ble company is entitled to exemption frotn audit under Section 477 of the Cornpanios Act 2006 for the year nded 30th November 2025. The member5 hzve not required the company to obtain an audit of its financial statements for the ye3r ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006. The trustees 3cknowledge their responsibilities for ensuring that the charitablo company keeps 3ccounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of zffairs of the charit3ble company as at the end of each fin8ncial yeèr and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise Comply with the requirements of the Companies Act 2006 relating to financial statements, $0 *ar as applicable to the charirabl@ company. The notes form part of these financia5 statements Page L3
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Nairn Book & Arts Festival Notes to the Financial Statements for the year ended 30th November 202S Accot¢nting policies Basis of preparing the financial Statements The financial 5tatemenrs of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Ch3ritie5 SORP IFRS 1021 'Accounting and ReportinÈ by Charities.. Stztetnent of Recommended Pr3ctice Jpplicablo to charities preparing their zccounts in accordance with the Financial Reporting Standard applicablo in the UK and Republic ol Ireland IFRS 1021 leffective l January 20191., Financial Reporting Standard 102 'The Financi31 Reporting Standard applicable in the UK and Republit of Ireland, and the Compar)ies Act 2006. The financial statem&nts have been prepared under the historical cost convention. Incorne All income 15 recognised in the St3ternent of Financial Activities once the charlty has entitlement to the funds, it is probable that the income will be received and the amount can be me35ured reliably. Eypenditure Liabilities are recogni5ed as expenditure a5 500n as there is a legal or constructive obligation committing the charity to thai expenditure, it Is prob3ble that a transfer of economic benefits will be required in settlement and the amount of the obligation can be m&2sured reliably. Éxpenditure 15 accounted for on an accruals basis and has been classified under headings that aEgregate all cost relÈt@d to the category. Where costs cannot be directly attributed to Particular headings they have beon allocated to activities on a basis consistent with the use of resour5. Tangible fixed assets Depreciation 15 provided 8t the followin£ annual rate5 in order to write off each asset over its estimated useful Fixtures and fittings Website design 25% on reducing balance straight line over 3 year5 Tayatlon The charity Is exempt frorn corporation tax on its charitable activities, Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the object5 Qf the charity. Restrictions arise when specified by the donor or when funds ère raised for particular restricted purp05e5. Further explanation of the nature and purpose of each fund is included in the note5 to the fin3nci31 Statements. Hire purchase and leasing commitment5 Renta15 paid under oper3ting leases are charged to the Statement of Financial Activities on a straight line basis over the period ol the le35e. Page 15
Nairn Book & Art5 Festival Notes to the Financial Statements continued for the year ended 30th November 2025 Net incomellexpenditurel Net incomeJlexp@nditurel 15 Stated after chargirig/lcreditingl'. 2025 2024 Deproci8tion- owned assets Hire ol plant and m3chinery 219 6.642 3,610 2.215 Trustees, remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 30th November 2025 nor for the year ended 30th November 2024. rrustees, expenses There were no trustees, expenses paid for the year ended 30th November 2025 nor for the year ended 30th November 2024. Comparatives for the statement of financial artivities Unrestricted fund Restricted fund Total funds Income and endowments from Donations, sponsorship and grants 41,651 30,990 72,641 Charitable activities Ticket sales Other 26,469 2,977 26,469 2,977 Total 71,097 30,990 102,087 Expenditure on Rai5in£ funds 2,215 2,215 Charitable activities Ticket $3les Other 613 49,275 613 80,947 31,672 Total 52,103 21.672 83,775 NET INCOMEIIEXPENDITUREI Transfers between funds 18,994 1,318 16821 11,3181 18,312 Net movement in funds 20,312 12,0(M)I 18,312 Page 16
Nairn Book & Arts Festlval Notes to the Financial StatemÈnt5- continued for the year ended 30th November 2025 Comparatives for the statement of financial activities continued Unre5tTlCted fund Restricted fund Total funds Reconcil¢ation of funds Total funds brought forward 17,988 2,000 19,988 Total fund5 carried forward 38,300 38,300 Tangible fixed assets Fixtures and fittings Website deslgn Totals C05t At 1st December 2024 and 30th November 2025 2,306 9,954 12.260 DÈpreciation At 1st Oecember 2024 Charge for year 1.431 219 9,954 11,385 219 At 30th November 2025 1,650 9.954 11,604 Net book value At 30th Novernber 2025 656 656 At 30th November 2024 875 875 Debtors.. amount5 falling due withiN one year 2025 2024 Other debtors Prepayments 5,213 339 3,375 5.552 3,375 PaEe 17
Nairn Book & Arts Festival Notes to the Financial Statements- continued for the year ended 30th November 2025 Creditors.. amounts fallrng due within one year 2025 2024 Trade creditors Accruals and deferred income 400 4,362 3,724 3,724 4,762 Analysis of net assets between funds 2025 Total funds 2024 Total lunds Unrestricted fund Restricted fund Fixed 355ets Current 35set5 656 33,745 13,7241 656 33,745 13.7241 875 42,187 14,7621 30,677 30,677 38,300 Movement in lunds Net movement in funds At 1112124 At 30111125 Unrestricted funds General fund 38,300 17.6231 30,677 TOTAL FUNDS 38,300 17.6231 30.677 Net movement In funds, included in the above are as follows.. Incoming iesources Resource5 expended Movement in funds Unrestricted funds Gener81 fund 93,799 1101,4221 17,6231 Rèstricted funds Restricted fund 11,017 111,0171 TOTAL FUNDS 104,816 1112,4391 17,6231 Page 18
Nairn Book & Arts Festival Notes to the Flnancial Statements- continued lor the year ended 30th November 2025 Movement in fLtnds- contSnued Comparatives for movement in funds Net movement in tunds Transfers between funds At 1112123 At 30111124 Unrestrirted funds General fund 17.988 18,994 1,318 38,300 Restricted lunds Restricted fund 2,000 16821 11,3181 TOTALFUNDS 19,988 18,312 38,300 Comparative net movement in funds, included in the above are as follows." Incoming resources Resource5 expended Movement in funds Unrestricted funds General fund 71.097 152,1031 18,994 Restricted funds Restricted fund 30.990 131,6721 16821 TOTAL FUNDS 102,087 183,7751 18,312 A current year 12 months and prior year 12 month5 combined p051tion is 3s follows.. Net movement in funds Transfers between lunds At 1112123 At 30111125 Unrestricted funds General fund 17,988 11,371 1.318 30,677 Restricted lunds Restricted fund 2,(K)O 16821 11,3181 TOTAL FUNDS 19,988 10,689 30,677 Page 19
Nairn Book & Arts Festival Notes to the Financlal Statements- tontinued for the year ended 30th November 2025 Movement In funds- continued A current year 12 month5 and prior ye3r 12 months combined net movement in funds, included in the above re as follow5.. Incoming resources Resources expended Movement in funds Unrestricted lunds Goneral fund 163,196 1153,5251 11,371 Restrlcted funds Restricted fund 42,007 142.6891 16821 TOTAL FUNDS 205,203 1196,2141 10,689 io. Related party d¢sc105ures There were no related party transactions for the year ended 30th November 2025. Page 20
Nairn Book & Arts Festival Detailed Statement of Finan£ial Activities for the year ended 30th November 2025 2025 2024 Incorne and endowrnents Donations. sponsorship and grants Donations Gr3nts 19,814 46,967 36,151 36,490 65.081 72,641 Charitable activities Ticker sales Other income from charitable 2Ctivitie5 36,856 1,901 25,944 3,502 38,757 29.446 Other income Interest Received 78 Total incoming resources 104,816 102,087 Expenditure Other trading aclivities Hire of plant and machinery 6,642 2,215 Charitable activities Insurance Postage, stationery, advertising and displays Sundries Artist fees and expenses Professional lees Accountancy fees Venues, hotels and eouipment Don8tions Oepreciation ol tangible fixed a55ets 245 12,588 7.074 43,138 32,579 2.014 7,715 225 219 384 13.787 2,628 25,845 28.314 1,578 5,414 3,610 105,797 81,560 Total resource5 expended 112.439 83,775 Net lexpenditurel/income 17.6231 18,312 This page doe5 not form part of the statutory finaricial stBtement5 Page 21