IiEGISTERED COMPANY NUMBER: CS0114464 (Scotland)
REGISTERED CHARJTY NUMBER: SC049961
Butefest SCIO
Report of the Trustees 2nd
Financial Statements
for the Year EAded 30 September 2024
HENDERSON & COMPANY
78 Strwt CjreejL￿ PA16 8BG

Bu(efest SCIO
Contents of ihe Fin2ncig1 Siatemen15
for the Year Ended 30 September 2024
P•ge
Report of ¢he Truslees
to 2
Independen¢ Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Finan¢i*l St#tements
7 to 12
Detalled Statemellt of Flfj4D¢i￿ A¢tivities
13

Buter￿t SCJO
Repurt of the Trustees
for the Year Ellded 30 September 2024
TlJe tnjstees who also dircctors of the cliaril), for the purposes of the Coinpanies Act 2006: present Iheir
I'eport witli tlie fiiiaiicial slaleinents of tlic chari15' for Ihc ycar cndcd 30 Sepleinb#r 2024. The Iruslees havo
adopt¢d Ihc provisions of A￿OuntIng and R¢p011iiig by Cliarilies.. Sialeinent of R¢eominciidcd P￿clICe
dpplicJble to cliai'ities preparing their accounts iii accordanc¢ ii'ith thc Financial Reportiiig Siaiidai
applieable iii the UK R¥public of Ireland (FRS 102) (effective l Jaiiuary 2019).
ACHIEI VEMENI. AND PERFORMANCE
Whilst I have beei) involved since 2015 ihis was my first y¢Br as chair of BuleFest and il was 8 challenging
year. Therc wcre significant changes in the composition of die cominittee and ol. tlic Iwstees. tl)e effect of
this was detrimental to the management of the festival and it was a margin call as lo whether to Cancel or 80
ahead wilh the evenl iii 2024.
Wliilst the coinmittee voted to 80 ahead, severdl team membcrs had to double up on rcspx)Dsibilitics, aiid
special rccognitioii is deserved fnr
F]0 l(K)k on 51te management as well as family and friiige wid
welfare. and￿Vh0 piiehed in abtsk¢ and beyond her contracted role in Inarketing.
Ilowever, dcqi)il¢ our best efforis we los( time in adv¢rtisingJ we had to svurce altcrnativ¢ local resourc&q and
agree s¢v¢raS new relationships comparntively late in the day all of which cost u5 momentum and impacted
rev¢nu¢.
So whilst the ¢ost of runnin8 the event incteased within lolernn¢¢ on 2023 from £2 I3.830 to £215,284 tlie
in¢om¢ w&s below budget of and manifc5ted as a d¢crea5c froni £241,245 in 2023 to £198,313.
Ticket shles were down on the prcvious year. We also took the decision to the local brew¢ry (Bute
Brcw) 10 source the majority of our alcohol. And while il was to support a Ir￿al business lh¢ profit pcr
sale was impaclcd rosulting in much lower bar takings and we need to strike 2 better balanLe next ye3r.
Tlie bank balancc al the end of ButeFesi 23 siood at approx. £109.000, although after consulian¢y. VAT and
PRS paymcnls this brought us to approx. £95.000. Th¢ bank balance at the ¢nd of this arcounting period
£76,000 with exp¢cted debits due EX￿¢ted to bring this close to £70.000.
Every year we have a chance to respond to feedback and makc improveinents but in reality ihis year. due lo
liin¢ constraints, very lew cl)anges werc all¢mpted. W¢ ￿uCk with 2 .st4ges hgain and acc¢pt¢d ihat the
addilion of a third acoustic stage was something we would brAng forward to the following yeai.. Th¢ family
area WBS oncc again a gr¢at hit, il's an important area ihal makes our fcslival special for younger festival
go¢rs and is at the lorefront of us demonstrkting our a5 family Iri¢ndly crcd¢nlials.
Crew caleriiig was a success, coming in under budgel and being our P￿fenEd supplier. caiering was
supplenieTrted by committec members who stcpped up and offered meals for the smaller nujnber of crew
Ineinbers siarting earliest.
'riie festival is a well estsblished pnrt of the Scoltish boutiquc f￿1val scene and this w&s acknowledg¢d
when we ￿'¢re shortli5ted in ih¢ Scottish IAV¢ Music Awards- something to be immensely proud of.
We continued to support local businesses wherevcr possibl< 8nd in 2024 maintained our donation to the
Roth¢say Joint Academy to subsidise their Chrisknnas Ceilidh iickets. In 2025 it is our intention to
strengthen ties with other local organisations Sup￿rtIng young people, music and the art4 this being
tempered wilh the need to focus on moximising revenue and keepiJJg dowii our costs wherever possible.
BuleFest Scio has a great future. the ￿Mmittee and volunteers do an amazing job of which l am iminengely
proud and very much hope to br a parf of going forward.
FUTURE PLANS
Looktng foiward lo 2025 and against a background of g¢neral reducing festival attendance we have s¢t a
more realistic £1 l 0,000 in ticket sales (down from £1 SO.000). We iyill review ih¢ highs and lows nf 2024.
incl￿dIng a cwqtomcr feedback survey to I￿k at all Jsp¢ct of runnTng the festival to improve our offering io
future festival 8oers. We will ¢eMainly need to ￿dresS the Bar profitsbility and will bc reintroducing the
acoustic siage.
STRUCllTRF,, COVERNANCE AND MANAGEMKiYr
Governing D￿￿￿ent
The charity is contiM)Ilcd by its governi￿g do¢um¢nL a deed of trnst. and constitutes 3 limited Company,
limited by 8uaraniee, as defined by the Companies Act 2006.
Pa¥¢ I

B￿tef￿t SCIO
Report of tlie Trwsltes
for the Year EDded 30 Scptemb¢r 1024
RETr EKLNCE AND ADMINISTRATIVE DETAIIS
Ilegister¢d Company Duinbtr
CS004464 (Scotlaiid}
Registered Charity number
C049961
llldependent FJxaminer
Hend¢ison & Cumpany
73 lJnion Streei
Gre¢nock
Kenfrewshirc
PA16 8BG
Approved by order of the board of iruste¢s on 30 June 2025 and signed on its ixhalf by:
Pdge 2

IDdependen¢ Ex*niiner's Report to the Tr￿lee5 uf
Butef¢st SCIO
Jmdependent Examiner's Report to the Trustees of Butefe5t SCIO {'the Comp*ny')
repLllt to tlie cliarity truste￿ on Iny examina(ioi) of thc accounts of the Loinpaiiy for the year endcd
30 Seplember 2024.
Responsibilities and Basis of Report
As th¢ cliaj'iry's ti￿sterS of the Company (and also its diredot5 for the purposes of company law) yOLi are
responsible foi. the prcparation of the a¢¢outits 11Tr accordance with the requiremeiits of the Coinpanie5 Act
2006 ('tlie 2006 Act,).
Ilaving satlsfied myself tliat the acCo￿ntS of the CoinpJny are not requir¢d io be audited under Part 16 ofilie
2006 Act atEd are eligible for independent examiiialion. I rew)rt in ￿pect of Iny examinalioii (Jf youi.
chai'ity's accounts as Ca￿led out under Section 145 oftli¢ Chariti&8 Act 2011 ('Ihe 2011 Act')- In canying out
Iny examination I have followed the Directions given by the Charity Cominissioii under s￿li0n 145(5) (b)
ofthe 201 l Act.
Independent Examiner's Slatwjient
I Iiave completed Iny examination. l ¢onfirni that no matters liave come to my attention in c(Mine¢tion with
the examination giving Ine cause lo believe:
accounting Ircords were not kept in resp¢ct of the Compony Js required by Section 386 of tli¢ 2006 Act.
or
th¢ 8ccounts do not accord with those w¢c(xd4" or
tl)e accounts do not comply with the accounting rcquiTements of Section 396 of the 2006 Act other than
any requireinenl that th¢ accounts giiie a true and fair view which 15 not a mattcr considered as part of an
independent examination. or
the accounts have not been prepared ID accordance with the meihods atul principles of thc Stateiiicnl of
Recommended Practice for accounting and rcw)rtin8 by charitics (opplicable lo Charities P￿parIng their
A￿ountS in accordan¥e with the Financial Reporting Standard applicable in the UK aiid Republic of
Ir¢laTrd {FRS 102)).
I have no ¢on¢erns and have come across no other matters in wnnection with th¢ exatnlnall￿ to which
allcntioii should be drawn in ihis report in OTd¢¥ io enable a woper UEMlerslanding of the accounts to bc
r¢gehed.
Hend¢rson & CompAny
73 Union Str¢et
GreeniKk
Renfrcwshire
PA16 8BG
30 June 2025
Page 3

Butefest SCIO
Statement of Financial Acttvities
ror the Year Ended 30 September 2024
2024
Tolal
Funds
2023
Total
uiids
Unrestricted
Fuiid
Reslricted
Funds
Notes
IT4C.OME A14D ENDOWMENTS FROM
Chai'itable Activities
To advaiicc tlie Arts and Culture by
sIIow¢&8iiig iiitei-nalionally renowiied
iiiusicians, baiid5 aiid family entertaine￿ via
an annual family friendly festival, providing
the opportunity for lo¢al musicians.
198,313
198.313
241.245
EXPENDITURE ON
Charitable Activities
To advance the Art5 and Culture by
show¢asing internationally renown¢d
IIIUSiLians, bands and family entertainers via
an annual family friendly festival. providing
the opportunity for local musicians.
215.284
215.284
213,830
NET INCOMEI(EXPENDITURE)
Trnnsfer5 Between Funds
(16.971)
8.306
(16.971)
27.415
8.306)
Nei Movement in Funds
(8.665)
{8,306)
(16.971)
27.415
RECONCILIATION OF FUNDS
Total funds brought forward
89.786
8.306
98,092
70,677
TOTAL FUNDS CAII]iIED FORWARD
81.121
81.121
The notes fim part of these financial stsiements
Page 4

Butefest SCIO
Balance Shee¢
311 September 2024
2024
Total
Funds
2U23
'I"otal
Funds
Unreslricted
Restrictcd
Funds
Note5
CURRENT ASSETS
Debt015
Cash at Bank
5,470
76.301
5.470
76.301
108.962
81.771
81.771
108.962
CREDITORS
Ainoui)ts falling due within one year
{650)
(650)
(10,870)
ET CURRENT ASSETS
81.121
TOTAL ASSETS LE&S CURREwr
LIABILITIES
81.121
81.121
98.092
NET ASSETS
81.121
81,121
98.092
FUNDS
Unrestricted Funds
Restricted Funds
81.121
89,786
8,306
TOTAL FUNDS
81,121
98.092
The charitable company is entitlcd to exemption from audit under Section 477 of the CompaT]ies Act 2006
for the year ¢nded 30 September 2024.
The members have not required th¢ company to obtain an audit of ils financial ststemenls for the year ended
30 September 2024 in ac¢ordan¢e with Section 476 of the Companies Act 2006.
The tru5tee5 acknowledg¢ their responsibilities lor
(a)
ensuring thal the charitable company keeps a¢￿untIng records that ￿mplY with Sections 386 and 387 of
the Companies Act 2006 and
(b) preP￿.ing financial statements which give a true and fair view of the State of affairs of the charitable
company as at the end of each financial year and of its Slkrplus or deficit for financ&al year in
accordaiice with the requ1￿Ments of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Aci 2006 relating lo financial statements. so far as applicable to the
charilabl¢ Company.
The notes fonn part of these financial statemen
Page 5
onlinued...

Bulefesi SCIO
Balanrv Sbeel - conliDued
30 September 2024
Thesc financiol stateinents have be¢ii prepar¢d in accordance with th¢ pDvisi¢Ms appli¢abl¢ to chai'itable
¢oinpanic5 subject to ihe small compaiiies regime.
I'he fittai)¢ial stateni¢iit5 were approved by ihe Boord of Tn￿￿eS and auilioriscd for issu¢ on 30 Juiic 2025
and were signed oil its belialf by..
The noles fonn part of these fman¢ial ststements
Page 6

Butefes¢ SCIO
Notes to tlie Finaiicial Statement5
ror the Year Elided 311 September 2024
ACCOUNTING POLICIES
Basis of Preparing the Finaneial Statements
Tlie financial 51alcments of the charitable ¢ompJTly, wliich is a piiblic benefit entity uiider FRS 102.
have beeii pr¢paErd in accordance with the Cliarities SORP (FRS 102) 'Accounling aiid licpoiling by
Charities.. Stateinent of Recommended Practice applicable to chai'itics prepariiig tlieir ac¢ounls in
accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (¢ffective l January 2019),. Financial Reporting Siaiidard 102 'Thc fiiiancial Repoiliiig Stsiidard
applicable in the UK and Republic of Irelaiid, and the Companies Acl 2006. The fiiiancial slalcments
have been prepared under the historical cost convenlion.
Income
All income is rccognis¢d in th¢ Statement of Financial ActiVTlie5 once ihe charity has entitlement lo
the funds. it is probable that Ihe inwme will be received and the amount can be Imeasur￿ reliably.
ExpeDditure
Liabilitics are r¢¢ugnised as expendifure as soon as therc is a legal or construclive obligation
committing the charity lo that expendituwe. it is probable Ihot a trdnsfer of e¢onomic benefits will be
requird in settlement and Ihc amount of the obligation Can b¢ Ineasured ￿lIablY. Expenditui'e 15
ac¢ount¢d for on an accruals basis and has been classified under headin&% thal aggregate all c051
related to th¢ category. WheTC costs cannot be di￿tlY attributed to particulai. h¢adiiigs ihey have
been allocated to activities on a basis consistent willi th¢ use of resourccs.
T*xalion
The charity is exempt from corporation tax on its charitable activities.
Fund Accounting
Unrestricted funds con be used in a¢¢ordance with the ¢haritable objectives at th¢ discretion of Il)e
trust¢es.
Restri¢t¢d funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions ar&se when specified by the donor or when funds are raised for particular restri¢led
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statement5.
Hire Pur¢h4s¢ gnd iA8ing Commitments
Rentals paid und¢r operating leases are charged to the Statement of Financial Activities on a straight
lin¢ basis over the period of the lease.
NET INCOMEI(EXPKNDITURE)
Nel In¢om¢l{Expenditure) is stated after chargIn￿(CredItIng)=
2024
2023
Hire of Plant and Machinery
Other Operating Leas¢s
75.377
81,233
13,996
Page 7
continued...

Butefe5t SCIO
Notes to the Financial Statements - continued
for tbe Year Ended 30 Seplember 2024
TRUSTEES, RETrIUNERATION AND BENEFITS
Th¢re were Mo trustees, reinunerntion or oilier beiiefits for the year ended 30 Scpteiiiber 2024 iior foi.
tlie year ended 30 September 2023.
Trus¢ee5' Exp¢nses
Tliei'e werc no trustees, expenses paid for the year ¢tNled 30 September 2024 nor for the year ended
30 September 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restri¢led
Fund
Fui)ds
Totsl
Funds
COME AND F.NDOWMENTS FROM
Charitable Activities
To advanc¢ the Arts and Culturc by
showcasing intcmationally reftowned
musicians, bands and family ¢nt¢rtaine
via an annual family friendly festival.
providing the opportunity for local
musicians.
225.750
15.495
241,245
EXPENDITURE ON
Charitable Activities
To advance the Arts and Culturc by
showcasing intemationally renowned
musicians. band5 and family entertaineTS
via ali annual family friendly festival.
providing th¢ opportunity for local
musicians,
194.488
19.342
213,830
NET INCOMEI(EXPENDITURE)
31.262
(3.847)
27.415
RECONCILIATION OF FUNDS
Total Funds brought fonyard
58.524
12.153
70,677
TOTAL FUNDS CAIUUED FORWARD
89.786
8.306
98,1)92
Page
continued...

Butefesi SCIO
Notes to the Financial Statements- confinued
for the Year Ended 30 September 2024
DEBTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR
2024
2023
VAT
5,470
CREDITORS: AMouNfs FALLIIYG DUE WITHIN ONE YEAR
2024
2023
VAT
Accrued Expetises
10.270
600
650
650
10,870
MOVEMENf IN FUNDS
Net
Movement
in Funds
Transfers
Between
Fuiids
At
1.10.23
At
30.9.24
Unreslricted Funds
General Fund
89.786
(16,971)
8.306
81,121
Restricted Funds
COOP Vol Development
7.811
495
(7.811)
495)
Band Donations
8,306
8.306)
TOTAL FUNDS
98.092
16.971
81,121
Net movement in funds. included in the above are as follows:
Incomin8
Resources
R¢50urces Movemcnt
EX￿nded
in Funds
UnYestrÉcted Funds
General Fund
198J13
(215.284)
(16.971)
TOTAL FUNDS
198.313
(21 5.284)
16,971)
Pag¢ 9
continued...

Butefe51 SCIO
Notos to the Financial Statemcn15- Colltinued
for the Year Ellded 30 September 2024
MOVEMENf IN FUNDS- continued
Cotnparatives roy movement in funds
Net
Moveincnt
in Fiinds
At
1.10.22
At
30.9.23
Unrestricted Funds
General fund
58.524
31.262
89,786
Restrieted Funds
ACHA App Fund
COOP Vol Development
500
(500)
11.653
(3,842)
495
7.811
495
Band Donations
12.153
3.847
TOTAL FUNDS
70,677
98.092
Comparative net movement in funds. includ¢d in the above aTe a5 follows-
Incoming
Resources
Resources Movement
Expended
in Funds
UDrestrieted Funds
General Fund
225.750
(194.488)
31.262
Reytrieted FuDds
ACHA App fund
COOP Vol Development
{500)
{500)
(3,842)
(3.842)
Stichting W Coast Marketing
12.500
2.500
495
{12,51X))
(2.500)
Stichting W Coast Family & Fringe
Band Donations
495
15.495
19.342)
3.847)
TOTAL FUNDS
241245
213,830}
27,415
Page 10
continued...

Bulef&81 SCIO
Notes to the Finallcial Statemenls- continued
for the Year Ended 30 September 1024
MOVEMENT IN FUNDS- continued
A current year12 months and prior year 12 months combined position is as folloivs:
Transfers
Betwcen
Fui)ds
Net
Movement
in fui)ds
At
1.10.22
30.9.24
Unre5trlcted Funds
Geiiei'al Fuiid
58.524
14.291
8,306
81,121
Restricted Funds
ACHA App Fund
COOP Vol Development
(500)
11.653
(3,842)
495
(7,811)
495)
Band Donations
3.847)
8.306)
TOTAL FUNDS
70.677
81.121
A eurreiit year 12 months and prior year 12 months ￿rnbined net movement in funds, in¢luded iwt the
above arc as follows:
Incoming
Resources
Rcsources Moveinent
Expended
in Funds
Unreslricted Fund5
Genernl Fund
424.063
{409.772)
14.291
Restricted Funds
ACHA App Fund
COOP Vol Development
(500)
{500)
(3.842)
(3,842)
Stichiing W Coast Markeiing
12,500
2.500
495
(12,500)
(2.500)
Stichting W Coast Family & Fring¢
Band t)oftations
495
15.495
19,342)
3,847)
TOTAL FUNDS
439,558
(429.114)
10,444
Page 11
continued...

Butefest SCIO
Notes to the Financial Statemen15 - continued
foi. the Year Endcd 30 September 2024
RELATED PARTY DISCLOSURES
lTh¢re wcre no relat¢d party transactions for th¢ year ellded 30 Septembei. 2024.
Page 12

Butefesi SCIO
Detailed Stalement of Financial Activities
for the Year Ended 30 September 2024
2024
2023
NCOME AND ENDOWMENTS
Charitable Activities
Tickcl Sales
Bar Sales
Sponsorship
M¢rchandisc
Grants
Other Incom¢
103,073
66,768
4,200
285
17,700
6.287
J42,438
02.250
5,225
5,890
J6,800
8,636
198313
24J.245
TotY41 Ineomihg Resource
198.313
241,245
EXPENDITURE
Support costs
Management
Equipin¢nt & Installation
Security
Liccnse & Insurance
Advertising
Sundries
Purcha5C5
Band Fees
75,377
14.279
12.033
1 S.898
10,366
54,783
31.848
81,233
13,996
3.800
19.980
19.538
34.395
40.222
214.584
213,230
GoverDanee Costs
Accountancy Fees
700
600
Total Resources Expended
21 S.284
2J3,83Q
Net (Expenditureylneome
16.971)
27,415
This pag¢ does not fonn of the sthtutory fmancial statements
Ppge 13