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
MUS￿clEn 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. No￿e 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

Nahm Boult&Art5 Ft5dval
A¢port ol th• Tnth5
TM Asuey
Apptrfve¢ by ord#r ofthe bDard Of$r￿t￿ ￿ . . . ,
- an¢ sign￿ ITS behall by.,
C D th¥Miies . Trustee

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

biert to the ynaK ¢c*npartles r¥me.
and tA*re $18hed on Its W trf.
C OTlroT*•s.TnAt••
P•14

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 resour￿5.
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