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2024-10-31-accounts

REGISTERED CHARITY NUMBER: SC049521

Report of the Trustees and

Financial Statements

for the Year Ended 31 October 2024

for

The Lammermuir Festival

Henry Brown & Co Chartered Accountants & Registered Auditors 26 Portland Road

Kilmarnock Ayrshire KA1 2EB

The Lammermuir Festival

Contents of the Financial Statements for the Year Ended 31 October 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Report of the Independent Auditors 8 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 20
Detailed Statement of Financial Activities 21

The Lammermuir Festival

Reference and Administrative Details for the Year Ended 31 October 2024

REGISTERED CHARITY NUMBER

SC049521

AUDITORS

Henry Brown & Co Chartered Accountants & Registered Auditors 26 Portland Road Kilmarnock Ayrshire KA1 2EB

BANKER

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

Page 1

The Lammermuir Festival

Report of the Trustees for the Year Ended 31 October 2024

The trustees present their report with the financial statements of the charity for the year to 31 October 2024. 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 the UK and Republic of Ireland (FRS 102) (effective 1 January 2022).

The Lammermuir Festival is programmed and delivered by an experienced team of freelance arts managers led by

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Objectives of the charity are:

(a) Encouraging the practice of and education in the arts in Scotland

(b) Promoting festivals which give opportunities for talent from Scotland and from around the world

(c) Contributing to the cultural, educational and economic well-being of Scotland

(d) Attracting local audiences as well as visitors from across the UK and abroad

(e) Engaging young people as performers and audiences

(f) Supporting organisations which encourage similar objectives

(g) Undertaking other activities which support these purposes

Page 2

The Lammermuir Festival

Report of the Trustees for the Year Ended 31 October 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity's prime activity is the operation of the Lammermuir Festival which aims to contribute to the cultural, social and economic well-being of the people of East Lothian and Scotland. The Lammermuir Festival presents classical music of the highest international standard in multiple venues across East Lothian, The festival is promoted with the sub-heading "Beautiful music, Beautiful places" and all performances are carefully and creatively matched to their location so they are presented in some of the most beautiful and architecturally significant venues across East Lothian.

Established in 2010, the festival takes place annually over a 12-day period in September. By the end of 2024 the festival had presented 350 performances in 60 venues.

The festival's concert programming has three key aspects:

-To work with the very finest of Scotland's classical performers as manifested since our inception in 2010 by our close partnerships with Dunedin Consort, Scottish Opera, BBC Scottish Symphony Orchestra, National Youth Choir of Scotland, Red Note Ensemble, Scottish Chamber Orchestra and Hebrides Ensemble.

The festival has a strong commitment to inspiring young people with classical music. Three large scale community opera projects have been presented in Dunbar in 2016, 2018 and 2023 involving over 3,000 participants.

Almost all performances presented during the Lammermuir Festival cannot be seen elsewhere in Scotland and audiences are attracted from near and far. The festival has developed into one of the UK's major classical music presenters and in 2017 won the highest accolade for festivals in the classical music industry - the Royal Philharmonic Society Award for Festivals and Concert Series.

The festival has been funded from a combination of public grants; donations from individual supporters; financial commitments from private trusts, foundations and companies; and box office revenue.

Page 3

The Lammermuir Festival

Report of the Trustees for the Year Ended 31 October 2024

ACHIEVEMENT AND PERFORMANCE

Chairman's Report

Artistic success and the benefits of the Lammermuir Festival

The 2024 Lammermuir Festival was described by The Daily Telegraph as "A jewel of a festival". This landmark achievement presented 300 of the world's finest musicians to perform in what was regarded not only as an artistic success by audiences and critics alike but also contributed significant benefit to the county. The economic impact of the 2024 Festival to East Lothian was independently assessed as £1m, up 23% compared to 2023 (source: MKA Economics).

The festival comprised 38 performances including the addition of a second performance of Tenebrae's Path of Miracles at the Concorde Hangar of the Museum of Flight due to popular demand. We were honoured that the incomparable Véronique Gens agreed to sing for us, and were also delighted to present Scottish Opera's staging of Britten's 'Albert Herring' in the perfect setting of the newly re-opened Corn Exchange in Haddington. Concerto Copenhagen, one of the finest baroque orchestras in the world, joined us as Ensemble in Residence with four performances, and the brilliant Van Baerle Trio from Holland played all of Beethoven's piano trios through our weekday morning Coffee Concerts. The brand new Valo String Quartet partnered with the extraordinary ho also contributed two more typically striking programmes, including an amazing Charles Ives event with violinist omplete with a band of local young musicians drawn from pupils of the East Lothian Instrumental service and the Garleton Singers.

Our devotion to JS Bach was undimmed, with Fretwork playing 'The Art of Fugue' and Roman Rabinovich the 'Goldberg Variations'. Gesualdo Six gave two performances which were highlights for many and ZRI presented a Lammermuir Journey with brilliant re-scoring of three well-known works in three of the county's most historic churches. Dunedin Consort performed with in Crichton Collegiate Church, our friends the Maxwell Quartet and Hebrides Ensemble returned and our closing performance by the Royal Northern Sinfonia was a fitting culmination to the festival.

Our festival is rooted in the community and supported by a loyal and engaged audience, many of whom return annually to the festival. Lammermuir Festival 2024 welcomed over 7,000 attendances, an increase of 13% on 2023 and the most visitors in its history. The festival implemented carefully considered price increases which met with no audience resistance.

72% of our audience came from Edinburgh and the Lothians and 28% from elsewhere in Scotland, the rest of the UK and abroad. This shows a slight increase in the proportion of bookers from outside East Lothian, particularly drawing audiences from Edinburgh. Once again, we achieved a truly remarkable 99% audience satisfaction level in our annual post-festival audience survey.

Determined to extend the reach of the Lammermuir Festival, this year we launched a new initiative, Front Row, an audience development programme supported by SCOPS Arts Trust. We worked with schools across East Lothian to reach young people aged 13-17 studying music, inviting them to attend events, meet artists and see behind the scenes. 52 young people from eight schools attended the festival, bringing greater diversity to our audience and exceptional experiences for those involved. This project was strongly supported by East Lothian staff and schools.

Funding the Lammermuir Festival

Following the decision by Creative Scotland to turn down the festival's repeated applications for funding the 2023 festival, the planning of the 2024 festival was possible only with the exceptional support of private sector funders and donors who pledged their commitments early in the planning cycle. Artists of international renown need to be booked with a long lead-in time so these early commitments were particularly gratefully received. We thank especially our 2024 Festival Partners BBC Radio 3, Foyle Foundation, McInroy & Wood and the Stevenston Charitable Trust. In March 2024 the festival was delighted to be awarded two year funding by Creative Scotland, albeit at a lower level than in previous years as well as an award by EventScotland. We are enormously grateful to each and every individual, trust and sponsor who commits support for the festival and the many who made an additional investment this year to help sustain the festival and contribute to replenishing our reserves which had been seriously depleted in 2023.

Looking to 2025 and beyond

The Lammermuir Festival Board and its team are grateful for the two year funding provided by Creative Scotland towards the 2024 and 2025 festivals. We recognise the extra pressure on public funding and in order to secure the long-term future of the festival are redoubling our efforts to secure funding from private individuals, trusts and foundations.

I and my fellow Board Members are extremely grateful to the small management team who are tireless in their work to present the best festival which is so appreciated by our audiences.

"Miniature miracles are what East Lothian's Lammermuir Festival specialises in . . . concerts featuring top rank artists in implausible venues, so that every September the union of great music and beautiful locations creates a peculiarly special atmosphere in their events." Bachtrack

Chair

Page 4

The Lammermuir Festival

Report of the Trustees for the Year Ended 31 October 2024

ACHIEVEMENT AND PERFORMANCE

Future plans

The 2025 Festival will be the largest yet and include a performance by the Philharmonia Orchestra with our festival patron I Fagiolini visit for three concerts including Purcell's Dido and Aeneas, Rinaldo Alessandrini directs Monteverdi and Scottish

sent a double bill of Walton and Ravel. Outstanding cellist and Royal Philharmonic Society Artist of the Year

is our artist in residence, and we will present chamber music performed by the Van Baerle Trio and the Kaleidoscope Chamber Collective as well as the Dudok, Carducci and Maxwell String quartets.

There will also be performances by the Royal Northern Sinfonia, well as a first performance at Gosford House.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities on page 11 shows that the charity received total income in the year of £648,314 (2023: £364,058). The charity incurred charitable expenditure of £461,783 (2023: £426,539). There was a surplus in the year of £186,581 (2023: deficit of £62,481).

The total reserves held as at 31st October 2024 were £254,200 (2023: £67,669). This was made up of £176,700 unrestricted funds and £77,500 restricted funds.

Reserves policy

It is the charity's policy to endeavour to retain sufficient reserves to cover 6 months expenditure which is calculated to be £230,000 based on the budgeted expenditure being £460,000 for the year ended 31st October 2025.The board regularly assesses the appropriate level of reserves as part of its risk register.

Funds in deficit

At the 31st October 2024 there were no funds in deficit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a Scottish Charitable Incorporated Organisation (SCIO), incorporated on 7 August 2019.

Organisational structure

The trustees agree the strategy and areas of activity for the organisation, including considering risk management, policies and performance.The day to day administration of the charity's expenditure, including payments, the accounting function and general Trust administration is overseen by CEO and Joint Artistic Director, He is supported by a team of experienced freelance

colleagues who are expert in their areas of fundraising, marketing, artistic planning and operations.

Induction and training of new trustees

New trustees joining the Board are invited to a briefing meeting on their obligations under charity law, as well as an appreciation of the trust deed and organisational objectives. Trustees are also provided with a copy of the Office of Scottish Charity Regulator's (OSCR) 'Guidance for Charity Trustees'.

Page 5

The Lammermuir Festival

Report of the Trustees for the Year Ended 31 October 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT FESTIVAL FUNDERS AND SUPPORTERS

We would like to thank all our generous supporters, friends and funders for their contributions, without which the Lammermuir Festival would not be possible, including:

FUNDERS

Creative Scotland EventScotland

PARTNERS

BBC Radio 3 Foyle Foundation McInroy & Wood Stevenston Charitable Trust

TRUSTS AND FOUNDATIONS

Binks Trust The CHAMP Trust The Cockaigne Fund Douglas McDougall Fund Foundation Scotland The Hugh Fraser Foundation Geraldine Kirkpatrick Charitable Trust Penpont Charitable Trust SCOPS Arts Trust The Turtleton Charitable Trust

FRIENDS OF THE FESTIVAL

Page 6

The Lammermuir Festival

Report of the Trustees for the Year Ended 31 October 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT FESTIVAL FUNDERS AND SUPPORTERS - continued

NORTH BERWICK LAW FRIENDS

And sincere thanks to our many other Friends of the Festival, individual donors, hosts, volunteers and those who prefer to remain anonymous.

PROGRAMME EDITOR

FUNDS HELD AS CUSTODIAN FOR OTHERS

During the period ended 31st October 2024 the charity did not hold funds as custodian for others.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution, requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 2 June 2025 and signed on its behalf by:

Page 7

Report of the Independent Auditors to the Trustees of The Lammermuir Festival

Opinion

We have audited the financial statements of The Lammermuir Festival (the 'charity') for the year ended 31 October 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the effects of the matter described in the basis for qualified opinion section of our report, the financial statements:

Basis for qualified opinion

For the year ended 31 October 2023, the charity did not exceed the turnover threshold and as such the accounts for that year were not subject to a statutory audit. We are therefore unable to satisfy ourselves that the opening comparatives are free from material misstatement.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Page 8

Report of the Independent Auditors to the Trustees of The Lammermuir Festival

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

In identifying and assessing risks of material misstatement in respect to irregularities, including fraud and non-compliance with laws & regulations, we considered the following:

-Enquiries of management, including obtaining and reviewing supporting documentation, concerning the policies and procedures relating to:

As with all audits performed under ISAs (UK), performance of procedures to respond to the risk of the management override of controls We obtained an understanding of the legal and regulatory frameworks in which the SCIO operates, focussing on those laws which had a direct effect on the material balances and disclosures in the SCIO's financial statements. Key laws & regulations considered in this context are:

In addition, we considered other laws & regulations that do not have a direct effect on the financial statements, but compliance is necessary for the continued operations of the Charitable Company, or to avoid a material penalty.

Our procedures to respond to the risks identified included the following:

In the assessment of the risk of fraud through management override of controls, we have tested the appropriateness of journal entries, assessed whether the judgements made in the SCIO making accounting estimates are indicative of a potential management bias, and evaluated the business rationale of any significant transactions that are outside the normal course of business. entity that were contrary to applicable laws and regulations, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 9

Report of the Independent Auditors to the Trustees of The Lammermuir Festival

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Henry Brown & Co Chartered Accountants & Registered Auditors 26 Portland Road Kilmarnock Ayrshire KA1 2EB 19/06/2025 Date: .............................................

Page 10

The Lammermuir Festival

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Core Activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Statement of Financial Activities
for the Year Ended 31 October 2024
Unrestricted
funds
Notes
£
2
393,507
3
177,034
4
273
570,814
5
461,783
109,031
67,669
176,700		 31.10.24
31.10.23
Restricted
Total
Total
fund
funds
funds
£
£
£
77,500
471,007
229,741
-
177,034
134,317
-
273
-
77,500
648,314
364,058
-
461,783
426,539
77,500
186,531
(62,481)
-
67,669
130,150
77,500
254,200
67,669

The notes form part of these financial statements

Page 11

The Lammermuir Festival

Balance Sheet
31 October 2024
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
9
49,329
Cash at bank
217,760
267,089
CREDITORS
Amounts falling due within one year
10
(90,389)
NET CURRENT ASSETS
176,700
TOTAL ASSETS LESS CURRENT LIABILITIES
176,700
NET ASSETS
176,700
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.10.24
31.10.23
Restricted
Total
Total
fund
funds
funds
£
£
£
-
49,329
23,131
77,500
295,260
170,453
77,500
344,589
193,584
-
(90,389)
(125,915)
77,500
254,200
67,669
77,500
254,200
67,669
77,500
254,200
67,669
176,700
67,669
77,500
-
254,200
67,669

The financial statements were approved by the Board of Trustees and authorised for issue on 2 June 2025 and were signed on its behalf by:

The notes form part of these financial statements

Page 12

The Lammermuir Festival

for the
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 for the Cash Flow Statement
Year Ended 31 October 2024
31.10.24
31.10.23
£
£
124,534
(48,836)
124,534
(48,836)
273
-
273
-
124,807
(48,836)
170,453
219,289
295,260
170,453

The notes form part of these financial statements

Page 13

The Lammermuir Festival

Notes to the Cash Flow Statement

for the Year Ended 31 October 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

----- Start of picture text -----
||||| |---|---|---|---| |31.10.24|31.10.23| |£|£| |Net income/(expenditure) for the reporting period (as per the Statement of| |Financial Activities)|186,531|(62,481)| |Adjustments for:| |Interest received|(273)|-| |(Increase)/decrease in debtors|(26,198)|24,311| |Decrease in creditors|(35,526)|(10,666)| |Net cash provided by/(used in) operations|124,534|(48,836)| |ANALYSIS OF CHANGES IN NET FUNDS| |At 1.11.23|Cash flow|At 31.10.24| |£|£|£| |Net cash| |Cash at bank|170,453|124,807|295,260| |170,453|124,807|295,260| |Total|170,453|124,807|295,260|

----- End of picture text -----

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

Page 14

The Lammermuir Festival

Notes to the Financial Statements for the Year Ended 31 October 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2022)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when they are received or as soon as there is a legal or constructive obligation to receive the donation as a result of past events, and the amount to be received can be measured reliably.

Monies received by way of charitable activities are recognised on an accruals basis and credited to the restricted or unrestricted funds as appropriate.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

The charity is registered for value added tax (VAT) and income and expenses are shown net in the accounts where appropriate.

Fund accounting

Income received is allocated to restricted or unrestricted funds as appropriate.

Restricted funds are funds which are to be used for a particular purpose as specified by the donor.

Unrestricted funds are those funds with which the trustees are free to use for any purposes in furtherance of the charitable objectives.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions

Provisions are recognised when the charity has a present obligation (legal or constructive) as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

continued...

Page 15

The Lammermuir Festival

Notes to the Financial Statements-continued Notes to the Financial Statements-continued Notes to the Financial Statements-continued
for the Year Ended 31 October 2024
2. DONATIONS AND LEGACIES
31.10.24 31.10.23
£ £
Public Sector 77,147 56,200
Individual Giving 252,660 126,941
Trust and Foundations 141,200 46,600
471,007 229,741
3. OTHER TRADING ACTIVITIES
Publications 31.10.24
£
7,246		 31.10.23
£
5,175
Merchandise 1,195 1,952
Sponsorship 8,000 6,000
Box Office 150,593 116,190
Broadcast 10,000 5,000
177,034 134,317
4. INVESTMENT INCOME
Interest received 31.10.24
£
273		 31.10.23
£
-
5. CHARITABLE ACTIVITIES COSTS
Core Activities Direct
Costs (see
note 6)
£
338,668		 Support
costs (see
note 7)
£
123,115		 Totals
£
461,783
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
Event Costs 31.10.24
£
219,914		 31.10.23
£
234,551
Venue costs 22,999 13,408
Marketing 29,118 21,228
Central Production 47,153 31,938
Merchandise - 276
Cost of Sale 15,677 10,895
Publication 3,807 3,793
338,668 316,089

continued...

Page 16

The Lammermuir Festival

Notes to the Financial Statements - continued for the Year Ended 31 October 2024

7. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Core Activities 123,115
Support costs, included in the above, are as follows:
Finance
Bank charges 31.10.24
Total
activities
£
-		 31.10.23
Total
activities
£
71
Governance costs
Accountancy 31.10.24
Core
Activities
£
6,395		 31.10.23
Total
activities
£
1,385
Management fees 116,720 108,994
123,115 110,379

8. TRUSTEES' REMUNERATION AND BENEFITS

There were trustees' fees of £33,466 paid in the year ended 31 October 2024 (2023 - £29,333).

Trustees' expenses

There were no trustees' expenses for the year ended 31 October 2024 (2023 - Nil).

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors 31.10.24
31.10.23
£
£
38,140
-
Other debtors 407
407
Accrued Income 10,782
22,724
49,329
23,131

continued...

Page 17

The Lammermuir Festival

Notes to the Financial Statements - continued for the Year Ended 31 October 2024

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Deferred income
Accrued expenses
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Unrestricted designated
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Unrestricted designated
Restricted funds
Restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 31.10.24
31.10.23
£
£
19,935
-
661
13,290
-
15,688
69,793
96,937
90,389
125,915
Net
At
movement
At
1.11.23
in funds
31.10.24
£
£
£
67,669
-
67,669
-
109,031
109,031
67,669
109,031
176,700
-
77,500
77,500
67,669
186,531
254,200
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
570,814
(461,783)
109,031
77,500
-
77,500
648,314
(461,783)
186,531
Net
At
movement
At
1.11.22
in funds
31.10.23
£
£
£
130,150
(62,481)
67,669
130,150
(62,481)
67,669

continued...

Page 18

The Lammermuir Festival

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 364,058 (426,539) (62,481)
TOTAL FUNDS 364,058 (426,539) (62,481)
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds At
1.11.22
£		 Net
movement
in funds
£		 At
31.10.24
£
General fund 130,150 (62,481) 67,669
Unrestricted designated - 109,031 109,031
Restricted funds 130,150 46,550 176,700
Restricted - 77,500 77,500
TOTAL FUNDS 130,150 124,050 254,200

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds Incoming
Resources
Movement
resources
expended
in funds
£
£
£
General fund 364,058
(426,539)
(62,481)
Unrestricted designated 570,814
(461,783)
109,031
Restricted funds 934,872
(888,322)
46,550
Restricted 77,500
-
77,500
TOTAL FUNDS 1,012,372
(888,322)
124,050

There were unrestricted funds of £176,700 as at 31st October 2024 (2023: £67,669) of which £109,031 (2023: £nil) was designated to the 2025 festival.

continued...

Page 19

The Lammermuir Festival

Notes to the Financial Statements - continued for the Year Ended 31 October 2024

12. RELATED PARTY DISCLOSURES

Balance receivable Balance receivable
Transaction inthe Transaction inthe from/ (payable to) from/ (payable to)
period ended period ended related party as at related party as at
Related party Transaction 31.10.24 31.10.23 31.10.24 31.10.23
£ £ £ £
JDHW Limited Management fee £33,466 29,333 - -

, trustee, is a director of JDHW Limited. Figures exclude VAT where applicable.

Page 20

The Lammermuir Festival

INCOME AND ENDOWMENTS
Donations and legacies
Public Sector
Individual Giving
Trust and Foundations
Other trading activities
Publications
Merchandise
Sponsorship
Box Office
Broadcast
Investment income
Interest received
Total incoming resources
EXPENDITURE
Charitable activities
Event Costs
Venue costs
Marketing
Central Production
Merchandise
Cost of Sale
Publication
Support costs
Finance
Bank charges
Governance costs
Accountancy
Management fees
Total resources expended
Net (expenditure)/income		 Detailed Statement of Financial Activities
for the Year Ended 31 October 2024
31.10.24
31.10.23
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
77,147
-
77,147
56,200
237,660
15,000
252,660
126,941
78,700
62,500
141,200
46,600
393,507
77,500
471,007
229,741
7,246
-
7,246
5,175
1,195
-
1,195
1,952
8,000
-
8,000
6,000
150,593
-
150,593
116,190
10,000
-
10,000
5,000
177,034
-
177,034
134,317
273
-
273
-
570,814
77,500
648,314
364,058
219,914
-
219,914
234,551
22,999
-
22,999
13,408
29,118
-
29,118
21,228
47,153
-
47,153
31,938
-
-
-
276
15,677
-
15,677
10,895
3,807
-
3,807
3,793
338,668
-
338,668
316,089
-
-
-
71
6,395
-
6,395
1,385
116,720
-
116,720
108,994
123,115
-
123,115
110,379
461,783
-
461,783
426,539
109,031
77,500
186,531
(62,481)

This page does not form part of the statutory financial statements

Page 21