REGISTERED COMPANY NUMBLR: SC046959 IScotlAnd)
REGISTERED CHAIUTY NUMBER: SC046959
REPORT OF THE TRUSTEES AND
UNAiJDITED FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 30 SEPTEMBER 2024
FOR
SPEYFEST ASSOCIATION SCIO
Ritsons Chartered Accountants
15 BoyE)die Str¢¢t
Bdnff
AB45 IDY

SPEYFEST ASSOCIATION SCIO
CONTEIUS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Page
Roport of the Trustees
Independent Examlner's Report
Statement of Finanelal Activities
B#l#n¢e Sheet
Notes to the Financial St#tsments
7 to 11
DetAlled StAtement of FinY4ncial Activitie5
12

SPEYFEST ASSOCIATION SCIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEYfEMBER 2024
The tnjstees who are alsts directors of the charity for the purposes of the Companie5 Act 2006, present their report with
the finaTLcial 51atements of the charity for the year cnded 30 September 2024. Thc trust¢e$ have adopted the provi510tt$
of Accounting and Reporting by Charities: Srattment of Recomtnended Practice applicable to charitie5 prewing their
a¢¢ounts in accordanG¢ With the Financial Report5ng Standard applicable in the UK and Republic of Ireland IFRS 102)
(effecttv¢ l January 2019).
OBJECTtVES ACTIVITIES
Ob5ecttves and aiD]s
The objeGtiv¢s of the charity arc to advance lh¢ education of th¢ public in the arts by promotion and OTgArtising a Pan-
C¢ltic Festival in Fochaber5. at su¢h times and such venue5 8$ shall be detern)ined by the rh4rity.
Therc bav¢ beetl no djanges itt objectives sinc¢ th¢ previous accounts wcrc compl¢t¢d.
In ordET to athievc the objectjves of the charity the tn15tee5 shall undenake thc planning, management, promotion and
production of the event as deiailed in the objectiv¢s.
FINANCIAL REVIEW
Revlew of the year
The TtU5tee5 were pleased with the ouicome of the 2024 festival. Footfall was up signifiGanlly on 2023. reflective of the
broad appeal of the artistic offering. Our team work¢d hard to prepaTe and deliver th¢ f¢5tival. whicb was exceptionally
well r¢ceiv¢d by OUT audi¢nces.
Planning is well underway for thc 2025 festival, which will continue to see new addition5 to the arristic programme arkd
festiv31 events. We look forward to a wonderful weekend of music and entertainment.
Fininelal Posltlon
The lotai incomc in thc year was £233,722 (2023 - £193,822) witb the maitk 50ur¢es of in¢ome being generated ftom our
charitable activitles.
The ¢xpenditure amount￿ to £208,31612023- £171,774}. The resulted in a surplus of £25.40612023- £22,048).
At 30 September 2D24 the charity h8S total reserves of £124.713 (2023- £99,307), a]1 fund reserves were of an unre8trictcd
nature.
The tru5t¢¢s have assesscd the major risks to which the charity is ¢xposed. and are satisfied that gystems are in pla￿ to
mitigate ¢xposur¢ to the Jnajor risks. For exorupLe, the ch￿lty is not immuoe to rising costs and inflation.
The t￿st¢eS aiin to maintain suffjcient r¢5¢fV¢$ to bridge the gap b¢tw¢ett spending on tbe main festival on the
programme. logi$tic$, security. piess attd pr(pmOtion etc and receiving funds from ticket 5alc5 and gTatJis.
Reserves also held to cover cost5 of one-off ev¢nL% or expenditure incuried in fllrtherancc of the charity's objecttves.
The tru$tees Consider that the current level ofreserves in exce55 of £20,000 is sufficient forthe puTposes of the charity.
STRUCTUR4 GOVERNANCE AND MAf4AGEMENT
Governing documeTLt
Th6 charity is controlled by it5 goveTning document, a deed of trusL ond con$titytcs a limited companyj limif¢d by
guarantee, a5 defJn¢d by the Comparties Act 2006.
REFERENCE AND ADMINtSTRATtVE DETAILS
Regi$tered Company number
SC046959 (Scotland)
Registered Chxrity Dumljer
SCIM6959
Page I

SPEYFEST ASSOCIA￿oN SCIO
REPORT OF THE TRUSTEES
FOR THE YEAR EIYDED 30 SEPTEMBER 2024
Rcgister¥d ￿ffIcE
5 Ashley Park f*orth
Aberd¢en
AB106SF
Tru%iL'C
Ihdependcllt Eiaminer
Igons CharteT¢d A¢Gountants
15 BoynJi¢ Street
Banft
A845 IDY
Ll .0.￿A]L.....lo.16.....
Approved by ordtr of the board of twstees on...
. attd signed on its behalf by..
Page 2

INDKPLNDL,YT EXAMINER'S REPORT TO THE TRUSTEES OF
SPEYFEST ASSOC.IATION SCIO
Ind¢p¢Ddent txAminer'5 report ts the trustees of Speyfest As$oci9tion SCIO I'tbe CompAnJ')
I rcport to tho charity trusiees on my eXa￿l￿2110￿ of Ihc accouDts of the Company forthe year ¢nded 30 Septcmber 2024.
R¢$ponsibillties and basls of report
As Ihu charily'.% tru%tee% tsf the Company lat￿ also its dircctors for thc pury)oses of company law) you are re5pon$ible
for the prtpar8tioD of the accouTLtB in ￿>dance￿Ikth the z¢quir¢ments of thc CoTnpanie$ Act 2006 (Ihe 2006 A¢t'l.
Having satisfied myseifthat the ae¢ounts of the Company &re not reqllired lo be audited under Parl 16 of the 2006 Acl
and ar¢ ¢ligible for indepet)d¢nt examination, I report in respe¢t of my cxamination of yout ch8tity's accounts as carried
out under Section 145 of thc Charilics Aci 2Ql I I'the 2011 Act'l. In ca￿ltig out my examination I hÈv¢ follLvcd the
Dir¢¢iitsD% Kivejj by the Clwity Couuytission under Scction 14515) {b} of th¢ 2011 A¢t.
Independent ey&miner 5 5titement
have compleied my examinalii)n. I confirni that no matt¢rs have corn¢ to my atiention in coD]Jectson with the
¢KaminxtiOD 8IVITi8 me cause w beli¢v¢.'
accoullting r¢¢ords were not kept in r¢spect of the Company 85 required by Section 386 of the 2￿6 Acl; or
the accounts do not accord with those record8. or
the accounts do not ¢omply with the accounting requircjnents of S¢Gtion 396 of tb¢ 2006 A¢t othcr than any
rcquircmcnt ihat tl)c accounts give a trne alld fair view which 18 not a ￿4¢¢¢[ ¢ODsidered as part of an
itidependenÉ ex8minatiott' or
the account5 have not been prepared in a¢coidknce with the methods and prirtLiple8 of tl)e Stsiement of
Reeommended Practice for aLcounlinu #nd T¢POrting by ch&rities lapplirable to oharities prcparing their accounts
in accordall¢¢ with th¢ Financial Reporting Sizndard applicabl¢ in the UK and Repubknc of IrFlwd IFRS 102)).
I have llo cOrLCen￿ and have come across no other matters in cotttteciion with the txaminaiion io whi¢h attention should
be drawn in this report in order to Enable a proper und¢rst8ndin8 Df the accounts to be reached.
Rilsons Chartered Accouniants
15 BoyDdi¢ Street
Banff
AB45 IDY
Pag¢ 3

SPEYFEST ASSOCIATION SCIO
STATEMENT OF FINANCIAL ACTIv￿lEs
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2024
2023
Total
funds
UnrestrÉcted
Notes
COME AND ENDOWMENfs FROM
Chgritable let1￿ties
Speyfest
126,558
95,285
Othertrading activities
Investment incomE
Total
105.885
1.279
233.722
98,059
478
J93,822
8XPENDITURE ON
Raising funds
32,979
28.552
Charitable Actlvities
Speyfest
Total
175.337
208,316
171774
T tNCOME
25.406
22,048
RECONCILIATION OF FUNDS
Total funds brought forward
99,307
77,259
TOTAL FUNDS CARRIED FORWARD
124713
99,307
The note5 form part of these financia5 statements
PY4ge4

SPEYFEST ASSOCIATION SCIO
BALANCE SHEET
30 SEPTEMBER 2024
2024
Umrestricted
rund
2023
Total
Note5
FIXED ASSETS
Tangiblc assets
271
339
CURREP4T ASSETS
Sto¢ks
Debt015
Cash at bank and in hand
2.522
2.696
9.132
89,719
101547
125.975
128,497
CREDITORS
Amount5 falling du¢ within one year
io
(4,0551
{2,5791
NET CURRENT ASSETS
124,442
98,968
TOTAL ASSETS LESS CURRENT
LIABILITIES
124,713
99.307
NET ASSETS
FUNDS
Unrestricted funds
TOTAL Fuf4DS
124.713
99.307
124.713
124.713
99,307
99,307
The charitable Company is entitled to exemption frojn audit under S¢¢uon 477 of th¢ Companies Act 2006 for the year
ended 30 Septembcr 2024.
The members hav¢ not requir¢d the company to obtain an audit of its finan¢ial statements for the year ended 30
S¢pt¢Tnb¢r2024 in accordancc with Seetion 476 of the Companies Art 2006.
The tru81¢¢5 aGknowl¢dge their responsibilities for
(al
ensuring thal the charit2ble eompany keep5 a¢counting record8 that comply wilh Section5 386 and 387 of the
Companies Act 2006 and
PT¢paring finatjcial statements which give a trlle and fair vi¢w of the 5tatc of &ffairs of the tharitabl¢ cotnpany as
at thc end of each financial year and of its surplus or deficit for ¢ath finallrial year in accordance with the
iequiietnents of Sections 394 and 395 and whirh oth¢TWiS¢ colliply with the rqwrements of the CoTnpaniEs Act
2006 relaiing to finartcial statements. so far a5 applicable to the charitabl¢ ¢ompany.
(bl
The ttotes fomi part of these financial statements
Pa8¢ 5
continu¢d...

SPEYFEST ASSOCIATION SCIO
BALANCE SHF.ET- tontinutd
31) SEPTEMBER 2024
Thcsc financial stgtem=nts have b¢en PTcpar¢d ill &c¢orda￿t with th¢ provi¥ions applicable to charitsble comp&Die$
subj￿[ to the small companies rcgime.
The fiThancial stslernent3 wer¢ approved by the Board of T￿Ste¢S 2nd authoriseAI for i8suc on ...tl ..￿..￿..￿.ts.. to t[...
and wcre 5ign¢d OEL its bchalf by..
The notes form part of thcs¢ fjnancial ststements
Page 6

SPEYFEST ASSOCIATION SCIO
P40TES TO THE FINANCIAL STATEkMETrrfs- Continued
FOR THE YEAR ENDED 30 SFPTEMBER 2024
OTHER TFL4DING ACTIVITIES
2024
2023
B2r sales
Sponsorships
Raffle. mcrehandising & ¢rnft fair income
51,482
34,286
20,117
105 885
45,432
32595
20,032
98.059
INVESTMENT ]NCOME
2024
2023
Itktere5t re¢¢ivable- tsadsng
478
NET INCOMEI(EXPENDITURE)
Net incomel(exp¢nditure) is stated after chargingl(¢rediting)'.
2024
2023
Depreciation- owned asset
68
85
TRUSTEES, REMUNERATJON AND BENEFITS
There were no tn]stee5' retnuneration or other benefjts for the year ended 30 September 2024 ttor for the year
ended 30 September 2023.
TRUSTEES, EXPENSES
There We￿ no trustees, expcnses paid for th¢ y¢8r ¢nd¢d 30 S¢ple￿ber 2024 nor for the year ended 30 S¢pt¢mber
2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AfllVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Charitable Activities
Sp¢yfe5t
95,285
Other trading activities
InvestmeAI intome
Total
98,059
478
193 822
EXPENDITUHI Oly
Raising fiTrnd5
28.552
Ch#ritable activitie5
Speyfest
Total
143222
171,774
Page 8
continued...

SPEYFEST ASSOCIATION SCIO
OTES TO THE FIliANCIAL STATEMENTS- ContIn￿ed
FOR THE YEAR ENDED 30 SFYfEMBER 2024
COMPARATIVES FOR THE STATEMEliT OF FINANCIAL AcfIviTJES- contlllued
Uurestrlcted
futtd
NET INCOME
22.048
RECONCILIATION OF FUNDS
Total fund5 brought forward
77,259
TOTAL FUNDS CARRIKD FORWARD
99,307
TANGIBLE FIXED ASSETS
Plant and
ma¢hiDery
Computer
equip￿ent
Totals
COST
At l October 2023 and 30 Sq>tember 2024
DEPRECIATION
At l October 2023
Charge fory¢ar
At 30 September 2024
NET BOOKVALUE
At 30 Septemb¢i 2024
At 30 September 2023
1,767
424
1,767
85
68
153
1,852
68
1,920
1.767
271
339
271
339
STOCKS
2024
2023
Stocks
2.696
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrucd income
4,327
Page 9
continued...

SPEYFEST ASSOCIATION SCIO
NOTES TO THE FJNLNCIAL STATEMENTS- tolltinued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
io.
CREDITORS: AMOUP4TS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Accn]als and d¢ferred itwm¢
2,856
1.199
2.579
2,579
ii.
MOVEMENT ￿ FUNDS
Net
movemeDt
n fund$
At
1.10.23
30.9.24
Unrestrlcted funds
Gen¢ral fi]nd
99,307
25.4116
124.713
TOTAL FUYI DS
124713
Net mov¢ment in funds. included in the above are as follow5..
Incoming
resources
Resourtes
tIpended
Movement
Ill fullil$
Utlrestrltted funds
G¢neral fund
233,722
1208.316)
25.406
TOTAL FUNDS
233,722
208.316
Comparatlv¢$ for rnovement In funds
Net
movemeDt
In funds
At
1.10.22
At
30.9.23
Unrestricted funds
General fvnd
77,259
21048
99J07
TOTAL FUNDS
22,048
Pa8¢ 10
ontinued...

SPEYFEST ASSoc￿￿Or4 scro
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
MOVEMENT IN FUNDS- eontinued
Comparative net mowement in funds, included in the above are as follows-
ID¢omlng
re50urtes
Resources
expended
Movement
in funds
Unrestrided fund5
General filnd
193,822
(171,7741
22,048
TOTAL FUNDS
193 822
171,774
22,048
A current year 12 month5 and prior year 12 months combincd position is 2$ follows..
Net
movemellt
In funds
At
l.lQ.22
At
30.9.24
Unre5trlcted fwids
GetLeTal fund
77,259
47,454
124,713
TOTAL FUYDS
77,259
47.454
124.713
A current year 12 months and prior year 12 months ¢ombined net rllovement In fund5, included in the above are
a5 follow$:
Intoming
resourees
Resourc
¢Jp¢nded
Movement
In funds
Unrestrieted funds
G¢n¢ral fi￿d
427,544
(380.0901
47.454
TOTAL FUTr4DS
427,544
380,090
12.
RELATED PARTY DISCLOSURES
Th¢Te were no disclosable rela¢edparty transaction$ during the year (2021 none).
Pagell

SPEYFEST ASSOCIATION SCIO
DETAILED STATEMENT OF Fif4ANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2024
2023
INCOME AND ENDOWMENTS
Other trading a¢tivitits
Bar sales
Sponsorships
Raffle. rnerthandissng & craft fatr income
51,482
34.286
20,117
105,885
45.432
32,595
20.032
98,059
Investment income
Int¢r¢st rcceivable- trading
1279
478
Charltsble #¢thtie5
Ti¢kets sales
Grants
116,558
10,000
126558
233,722
95,285
Tot41 Incoming re50ur¢e$
193.822
EXPENDITURE
Otber tradthg actlvltl
Bar costs
Merchandise & ¢roft fair ¢OSt5
24,785
8,194
31979
19,287
28.552
Charitable act￿￿tte5
Perfiirni¢rs and 50und
Insurance
Lo¥istics & security
Licences
Sundries
Advertising
Comput¢requipment
84.303
2,511
64.281
3,132
3,448
15,603
68
173,346
69,030
1.159
52,638
2.434
2.128
13.817
85
SupportC05ts
Finance
Bank charges
879
491
CovernAttte costs
Accountancy and legal fees
Total re50urce5 expended
Net Ineome
1,440
171,774
22,048
208.316
25,406
This page doe5 not fornipart of the statutory flnancial $tat¢ments
Page 12