REGISTERED CO,%IPANI'.%I'MBER.. CS004464 {Scotlandl RLGISTF.RED CIIARITY NLiiMBER: SC049961 Report of the Trustees for the Year Endeif 30 September 2015 for Blef¢s1 SCIO Ilender50n & Company 73 Union Street Grccnock RenlrLII"shire PA16 8BG
Butefest SCIO Contents of tbe Financial %txitmetsts for the Year Ended 30 September 21125 Page Rtport of the Tru5tee5 Independent Ex84niner'5 Report Siatement of Financial Aclivsties BalaDce.Shttt iyoles to the FiMnci#l StiemeDts 6 to 10 Detailed StAtemen¢ of FI¢11 Activities
Butefest SCIO Rtport of tbe Trustees ror tbe Year Ended 311 Septernber 2025 The ttUSttes who arc also dire¢lors of the Lhariiy for Ihe purposes ufthe Companies .Aci ?006, pres¢nt thciT r¢pnn wilh Ihe linlia[ 51aiemenis ot. Ihe Lharii}' for the JLYr ended JO Seplemr ?O?i. The iTuslces haN'c adoptcd the proi islan5 ol. ALLuunting7 and Repurtine bj Charitics.. SthiLment of Recommended Practice appliLable io charitie5 preparinb thcir aLLounts in dLCOI(LanLe i%"iih the FiclaI Rcporting Sthndard appliLable in the UK dnd RepubliL of ITcland IFRS 1021 lelleLlive l January ?0191. ACHIEVEMF.NTS APID PERFOR.M.4NCE ThL Iru%lLLS lsh tu tNpr¢s5 sinLeie Ihdnk5 to el'eryonc w'ho contributed io BuFeSt this year. From commiiiee mLmix'rs dnd i'olunieer5 10 IoLal tatmers. partners. and supp)ner& the fesiikal could not continue wiihoui the dLdicalion )dl[l ul-these indii iijuals dnd Or¥Tlsa[ions. WL Cl)ntinuLd our 5uLressful partnership lih sll ai Bluc Moosc for markeiing. Her 'Ork remains of a consisienily high standard. and her Lollaboiatiie appLh make5 her an invaluahlL part of our exnded team. li is our iniention to continue 'OrkIng with her for as long & She i%"ishes lu be ini01¢d. The 20?4 lineup was Lxtremely i%"ell received. seltiny a hioFh benchmark for fuiure )'ears. W'e recognise ihe need to maintain this leLI c)l-qualiiy dnd i¥ill ii'oik hard to delii'er a similarly SLronL pfoLramme going foni'ard. The tamily area rcmainLd one ol-lhe mosl pvpulai parts Dfihe feslii'al. It is a core clement of our ideniiiy and central io our commilmeni io bLtng a genuinely family friendly event. Il'e also idcniifjed thai Ihe Vespertine area was underuiilised, and ii'ill rL"11. 115 purws< and placetneni in fulure pla[il. CreiN catering ilas a notable success, dL.likLYed und¢r budgpel and iiiih excellent feedback. .4dditional medls M'cr¢ Tenerou51y provided by commiLiee mLmb¢rs tor Orking the earliest 4d latest shifts. ensllring eieryone was ell supported. We irnplernenled three signiljcanl improvemenis Lomped th ith th¢ prei.ious year.. Toil¢ts.' 155ue5 experienced lasi year were largLly rL's01i"ed through rte. Supplier relationships, gii'ing us reliablc LontdL15 lor tuture eN'enls. %iie llanager Rul¢-. The appointment of a dediealed site manager had a major wsitive impact on iht build and signiticanily impriiNLYJ th¢ efficiency of (akedow'n. though further relincm¢ni is Still needed for ihe latitr. Acoustic 4iagL.' The addition ol an acoustic sthge w'ell receiled. though lis locaiion will need to be adjusted to reduce noisc bl¢¢d in luturL Y¢<5. inancially. tickci income Lx¢ecdLd expectations. with 3 budgeted iargei of £i?O,(K)O and a r¢alised income of £1 ?5,000. W'hile encouraging-and an improvemcnt on the pThiou5 vear-Ihi5 uplift was insutficient to ollsel reducLd gT(inl income l£19,5001, a diPpOinting bar rciurn 1£23,(K)01. and ri51tl8 build cosis. As a result, the fesiii al posted a los% for thL' 5ccond consecutiN'c year. The bank balance at ycar end £26,000. Mith an addi¢ional £7.000 credit expected. This Wsltion is a significant concern, an<t urgcnt action is required to sccurc additional lunding and incrca5e turnover. UTIIRE PLAN Duc ii) thc financi81 Lhallenges and uncertainty surrounding the fesiiTral sli¢. the committee madc thc rcgreitable but ncccSary decision not IO Tun BUFe$1 in 2026. Hovs"ever. subject to res01s.ing thes¢ issu¢s, li is our intention io retum in 2027. The lurlou¥h year i%'ill be used io secure a ne. siie. stsbilise our financial p05iiion. and bcgin planning ¢arlicr than usual. W'e will also review operational siNcwres and ideniily opp()rtunLiies to increa5c revenu¢ during th¢ festival weekend. Looking ahead. M'e remain Lotnmilled to 5tren¥thenino Buictr"esi's posiiion lIhin ihe fesiiNal cirLuiI and dLcpcnill¥ our relaiionships wilh loLal organisations 5UPPOrtin8 young people, music. and ihe ans. This ambilitsn musi bL bulanccd with a renewed loLus on maximising intome and conrrolling costs to ensure long ¢erni Sustsinabilily. STRUCTL'RE, GOVERFANI CE AND mANAGEIENT GoverniDE document Th¢ Lhaiily Lontiolled by ils govcrning documenL a deed of tllJSL and consiitules a limited cornpany. limit¢d by Tuaran, a5 delined by the comp]L Aci ?006_ REFF.RF.NCE AND ADMINISTIL4TIVE DET.41LS Registered Compxn!. number CSUU4464 Iscoilandl Re£islered Charity Dumber SC04C)961 Page I
Butefest SCIO Report of ibe Trnsttes for Ihe Ye*r Ended 30 Stpitmber 2025 Registertd office 13 Muuni Cl¢ Gardens Port Banndiyne Isle of Buie Trust¢es CJ McDunald-Allan F MaLKay IrL%lb)nLd 3.9.251 S Kay lappointed 2S. 10.241 IndepeDdeDt ExamiD¢r Ilenderson & Comp(my 73 Union Sireel Oreenock kenlrewshire PA16 8BG Approved by order of the board of trust¢es on ........... .. ..... . . and signed on its behalf by: I l.'wing- Trusice Page 2
Independefjt Examiner's Report lo the Trnstees of Buteftst SCIO Independent exarniner'5 report to the trustee5 of Butefesl SCIO I'the Compall) ) rcpnrt to ihe charity trustees on Tlly exarnination of th¢ a¢¢ounis of the Company for ihe year ended 30 S¢pt¢mber 2025. Respon5ihilities and basis of report 8 ihL' Lharitv'.% tru%i¢L% Ot ihe C Trmpany {and also lis diretiors for the PUTPOSCS of cornpany lawl you arc responsible for the preparation ol-lhe accounts in accordance 'iih the rquirements of the Companies Act ?0061'the 2006 Act'l. Hain¥ tiried myself ihai Ihe accounts of the Companv are noi required io bc audited under Part 16 of the 2006 Act and are eli¥ible for indepcndeni examination. I repon in res¢1 of m}, e%arninaiion ofyour charity'5 account as Caled out under Strciion 14) of ihc Charities Aci )01 I I'ihe 2011 Aa'l. canying oui my exdtnination I havL' lollowcd the Directions given by the Charity Commission under Section 14515} (b) of ihe 2011 Aei. IndepeDdent examiner's statement I hai'e COTnplglLYI tny examination. I confirni thai no mallers hae come to my attention in conneeiion w'ith the examination giN ing me cause lo btrlieTre= acLountingF reLoids iiere not kept in re5ct of the Company as required by Section J86 of ihe 2006 Act: or Ihe aLiounis do not ILLLurd wilh those rccor&8: ar Ihe aLLounts do not Lumply with thc accounting rcquirements of Section 396 of the ?006 Aci oiher ihan any requiremeni that the dLLOUntS' ¥i%'C d Irue and fair ii¢i%" i%"hi¢h is noi a mailer considered as pait of an ind¢pendeni examinaiiLbn- or thi. ae¢ounis hae not been preped in aLLordLe 1th the tneihods and principle5 of the S13tement of RLLommended Praitice for aLcouniing and retM)rtin¥ b) ChtieS lapplicable io charities Preparing their acL(Trunis in aL¢ordanie tth ihe Financial Rep)rting Stdndard applicdblc in the UK and Republi¢ of Ireland IFRS 102)). I have no COnLerns and havL comc across no oiher mailers in LonneLtion Miih the ¢.Xd[nil1(Trn tv whiLh atlenlion should be drawn in th15 report in order to enablL a prorKr und¥rstsndingJ of the aLLounis be rtraLhed. David J Qui88 CA FILnderx)n & CoTnpany Circenock Rcnfr¢Kishirc PA16 gBCi Datc.. Page 3
Butefest SCIO Statemenl of Finaneial Activitie5 ror ihe Year Ended 30 Seplcn5ber 2025 2025 Total rund5 2024 Total funds Llnresiriaed fund ReSlricled funds INcOlE AND ENDOM'MEWtS FROM Charit4ble #ctivilies To adi'anie Ihe.Ins and Culiure by shoiiLasin¥ interndtionall J r¢nOned musicians. bands and family eniLrtainers via an annual lamily rtiendly fcslival. providing the opw)rtunity lor local musician& 178,490 178.490 198,314 EXPF.NDITURE OPI Charitable activilies "I"0 advance the ilns and C"ulrure by sho%icasillg internationally Ten0ned musicians. bands and family entertainers via an annual family friendly festi.aI, prol'iding ihe oprtunI[Y lor local musician& 226,i41 226.341 215,285 Tolal 226 i41 226,341 215.285 ET INCOMEIIEXPF.NDITI,'RE) (47.8511 147,851) {16,971} RLCONCILIATIOPI OF FL'NDS Total funds broughi forward 81.121 81,121 98,092 TOTAL FLTYDS CARRIED FORW'ARD The lloles form pari of these finaneial sthiemen Page 4
Butefe51 SCIO Blance 5beet 30 Seplember 1025 202) Toidl tunds 2024 Total lunds Linresiricied fijnd Restricted funds Notes CIIRREYT ASSF,TS DLhtur Ch al bank 15.228 25.648 5.470 76.301 25.648 40.876 40,876 81.771 CRF.DITORS Amoun[.% falling due within one year (7.606) 17.6061 (650} r4F.T CLRRF.NT ASSF.TS 33.270 81.121 -rc)TAL A4SF.T% I.ESS CURRENT LIABILITIES 33.270 33.?70 NF.T AS5F.'rs 33.ty70 33.270 L'nrcsiricied funds 33.270 'roTAL FL1,NDS 33.270 81.121 ThL' chaiilable company is entitled io exempiion fn)m audit under Section 477 of the Companies Act 2(M)6 tor Ih¢ y¢ar endcd 30.SLplcmber 20?5. The members hav'e not rcquircd thc companTr io obiain an audii of it5 financial 5tstements for the year ended 30 September 2025 in accordance with Scciion 476 of th¢ Lompanics Act ?(M)6. The trustees acknowledge iheir responsibililres for (al CnsUrnB thai the charitable CL)mpany keep5 accountLn8 records that comply wilh Scciion$ 386 and 387 of the Companies Aci ?l)Oh and prLparingy financial sthiemenis 'hICh gi%'e a irue and fair Triew" of the State of alTairs of the charitable company as at the end of each financial year and of iis SUTpIus or deficii for each finaneial ycar in accordanc¢ 1(h IhL requirements of SeLtiOTts J94 dnd i95 and h]ch oiheTh'ise comply th.iih the requircments of the Companies A 2006 relaiing io lindnLial stAl¢mcnts. so far as applicable io ihe charithble eompany. {b) These financial stsiements hake been prepared in accordance with the prOlS1OnS applicable to charitablc companies subjcct to Ihc small companies regpime. The linanLial sldtemenis were approved by ihe Board of Trustees and authorised for issue on - and were signed on its behalf by= H Ewing- Trustee The nos fomi of these ficEal SleMen Page 5
Butefest SCIO otes lo the Fill#Nci*l stateet% for the Tr'ear Ended 30 September 2025 ACCOLNTING POLICIES B#sis of preparing the finan£ial statements Th¢ linanLidl stalements of thi LharitablL company. iihi¢h is a public benefi1 entiiv under FRS 102. haNe been preped in dCLorddnce wilh ihe Charities SORP IFRS I O)) 'A¢couniing and Reponing by Chariiies= Siatemeni ol. ReLufftmended PraLiiLe applicablc lo charilies prLparingi (heir accounts in accordance wilh the Financial Rewrting Standd dppIjLdble in the L.K and Rcpublie of Ire]Id IF"RS 10?} lefleciii'e l Januarv ?0191'. FInLIa1 Reporting st¢Ja[ 102 'Th¢ Financidl RepN)rtinL Standard applicable in the LK and RLpublic of Ire]d, and ihe C"VmPdnies Aci 2006. The linancidi Slements hale bccn prepared undcr the hisiori¢al cost conveniion. Income All inL()me i5 rgcugnised in the Stsi<m¢nl ol. FirlncIa1 Acii%"i(ies once Ilie chariiy has eniiilcmenl lo the fwid5, it is probabll that ihe income ill k reLeii'ed and ihe amount can be measured ielidbly. Expendtture LiabiliiiL% Jre reLognised as expendalure as sn as there 15 a legal or construclii'e obligation commilling the chariiy to lha¢ expenditure. it Is probable thal a tran51er of econornic benetlls i¥ill required ii) setiletneJ)t and the amount of ihi obligation ian me45ured reliabl). Expenditure is accounted for on an aLLrua15 bdsls )d has been cla55ilied under headings ihai aggrL2atL all ¢051 relaid to (he caiegory. I]¢[< costs cannoi be direcily aiiributed to partieular headings they ha¢ b¢en allocaied to actiwilies on a basi5 con5151ent w'iih ihe use or resources. Taxation The charity is exempt from corporation lax on its charitable a¢iiviiies. Futtd #crounting UnrcstrIctid fund5 can be used in accordance with fhe charitable objeciives ai ihe discretion of the trustees. R¢siri¢ied funds can only be used f¢ particular restricted PurF5 Wlthin the objeets of the eharily. Restrictions arise M"h¢n sp¢cifi¢d by ihe donor or when funds are rdi5cd for particular restricted purposes. Further explanation of the nature and pur[ of ch fund is included in ihe note5 to the financial statements. Ilirt purchase and leasing commitments RLnials paid undLr opcrating lease5 arc charged io the Siat¢meni of Financial Aciiviiies on a straight linc basis oi'er the peri( ol-lhe lease. NET INCOMF.I{F.XPENDITLRE) Nel income/lexpenditurel is sthied after chaing(CredIting). 2025 2024 Hire of plani and mathinery Oiher operating leases 96.224 19,09i 75.377 14,279 Page 6 continued...
Butefest SCIO oles lo ihe FiNaDcial Statemen15- Colltinued ror the I'¢*r Ended 30 Septetnber 2025 TRUS'TEES, REMLINEIL4TIC)f4 AND BF.EF1TS There w'ere trustees, remunernÉion or oth¢r kneli¢S for the year ended 30 September 2025 nor for the year endLd 30 September 2024. Trustees. expeD5e5 ThLrL lre no tru5tee5' expenses paid for the year ended 30 %¢ptLmber ?025 nor for the year ended 30 8eptemEK'r 2024. COIMPARATII'F.S FOR THE STATE1£T OF FIN"ANCIAL AC.'TIVITITr. LnrLsiriLl¢d rund Restricd tunds Total lunds IliC".OMF. AND F4IN DONVlF.5T5 FROM Charitable 4¢tii'ities TO ad1.ne ihc An.% and Culture by shnw'c&sing inicmaiionally rL'nol%Ld musicians, hands and family entertainer5 i'la all annual familv fricndly t¢siiN'al. pro%'iding thc opportunity for Iwal musicians, 198.314 198i14 EXPF.NDITI."RF. ON Charitable activities To advancc Ihc.4rts and Lu]iU by showcilsing internaliollallv renoiined musicians. band5 and family enlertaincrs via an annual laTnilv fricndl}' festi%"al. providing Ihc OPPOflunil}' lor local musicians. 215,285 215.285 Tot#1 215,285 215.285 NF.T INCOIIEIIEXPENDITL'REI 116.9711 s.i06 116.9711 Transfers bitiY¢Yn fud5 18.i06} Nel movemeDI ill funds {8,6651 (8.i061 116.9711 REC0CILIA.[10 OF FUNDS Total tund_% briiublit li)r%iarJ 89.786 8,306 98,092 TOTAL FUNDS CARRIED Tr-ORII'ARD 81.121 Page 7 continu¢d...
Butefest SCIO ote5 to the Financial Statements - continued f(*r the Tr'e#r Tr-Dded.10 September 2025 DEBTORS:.4fv1C)L',YTS FALLIP4C. DU'E WITHIN ONE YEAR 2025 2024 Trade debtor5 VAT 624 14,604 5.470 15.?28 i.470 CREDITORS: AMOL'NTS FALLINC. DLF. W'ITHIN ONF. YF.AR 2025 20?4 Accrued expenseg 7.606 650 MOVE%IEPqT IP4 FUNDS Nei mo&emeni in fi]nds At 1.10.24 Ai 30.9.25 Unre5trieted funds General tund 81.121 {47.8511 33.270 TOTAL FUNDS 47,8511 33,270 N¢t movement in fund5. included in the abovc ar¢ as folloS.. Incoming resollrces KesourLes e.%pended Movement in lunds Unrestrieted funds General lund 178.490 (226.341 147,8511 TOTAL FUNDS 178.490 2?6,i411 47,8) I Cornparatives for MOtMent in fuuds Net moi'ernent in funds Transfers beLM'een funds At -10.23 At 30.9.24 Unrestrieted funds General fund 89,786 (16.971) 8.306 Re4tri£ted funds COOP Vol l)evelopmeni 7.811 495 Band Dort]5 8.306 8.3061 TOTAL FL'YDS 98.092 (16.971 Page 8 Coniinued...
Page 8 coniinued...
Butefe.$t 10 Toies to thc Finatteial Statements- colltinued ror tbe Yer Ended 30 September 2025 IOVEMENT FLNDS- conliDued Comparative net tnovement in fwiits. included in the aboie are as follows= Incoming resources Resources expended moeMen1 in fundg Unrestri¢ttd futtds G¢nerdl lund 198,314 1?15.2851 116,9711 TOTAL FLINDS 198.314 1?15,?851 16.9711 A curreni year 12 months and ptior yvdt 12 months combined position is as follows.. Net movcmcnt in funds Transfers beteen funds Ai 1.1023 At 30.9.25 Unrestricted funds General tund 89.780 164.822) 8.306 33.270 Re51ricled funds Cool) Vol Deielopment 7.811 49) Band Donation5 8.i06 18.306 TOTAL FUNDS 98,1)9? 164.82?) 3 j.?70 A cutTeni y¢ar 12 Months and prior year 12 month5 combined nel mos"ernenl in funds. included in the abovc arc as tollows.. Inc(Fming re*()urcL Resources rX[nd¢d MoTremenl in lunds Unrestricied fuMd5 Ci¢nLral tund 376.804 1441,6261 164,K221 TOTAL FUPIDS 376.804 441,6261 64.¥22 Pagt 9 coniinued...
Butefest SCIO oles io the Finatseial Statements- ClIDtinued ror tbe Y¢*r Ended 30 Sepiembtr 21125 RELATED PARTY DISCLOSLRES There were no rtlthed Pdrty transaciions for the y&qr ¢nded 30 Sepiernber 2025. Page 10
Buiefest SCIO Detailed Statement of FiDanci41 Aclivili¢s for the l-egr Ended JO September 21125 2025 2024 INCOI¥IE AND ENDOM'IMENTS Ch#rit#ble #etivities TiLket Sdles Bdr Sales Spon.%i)rship [lhandl$¥ GrJnt% (IihLr Incom< 125,257 23.085 1.500 4.770 17.500 6.378 103.073 66.769 4.?00 285 17.700 6.287 178.490 198.314 Total illcoming resources 178.490 198,314 EXPEi%DJTURE Raising donations and le2aeits Insurance Support costs Management FquipmLnt & Installatton Sccurity LicensL & Insurance Advvilisin¥ Sundiies PurLhases Band bees 96.?24 19.093 10.391 14.749 6,589 47,)03 iO.881 14.279 12.Oi3 l i.898 10.366 i4.783 31.848 225.430 214,584 Governance costs ACLoullLLy fcLs 910 700 Toial resources expended 226.341 215.285 Net expendilMre 47,8fj11 16.9711 This pagt dots noi lorn) ol-the slalulory Itnancial 5talements Page 11