IIIGISTERF.D CHAIU'IY IYUMBER: K05ts&14 Rq>tsrtofthe Trugtees #Dd Umudlted Kn#ts¢ial Statsmcnts For Th¢ Year Ended 31 October 2024 for The Rthel Festiv81{S¢rrtl•nd) Th¢ Long Parthip Park Hous¢ Cthtir South Sl Elgin tv30 IJB
The Refuel Festh"al (Scodand) Contsnts of the Financtal Ststsments For The Year Ended 31 Oetober 2D24 Report ofthe Truste Ind¢p¢ndenl Examiller'8 R¢tMJrt Stthm¢nt Of Fill•wIAl1kI BAl#tte¢ SILeet Notss ts the FknnclAI St•ttments 6 to 10 Detailed Sttemen¢ of Fingn¢l81 Act11 11 to 12
The Refuel Fwdval (S¢odADd) Report of the Trustseg For The Y¢ar Ended 31 October 2024 The truaecs prcsent their re with the finala7 statements of the ehaTity for the year enthd 31 OLtober 2024. 17Je trustees have adopted the provisions of Ac¢owJting and Reporting by CILariti49.' Stat¢mcnt of RecOMmthd Prdctice applicable to chaTitits prepanng ttir accounts in accordance the Financial Repow Statthrd applicabl¢ in the UK a]xl Republic of ThEland iFRS 102) leffe(ive l January 2019}. 0TIvEs ACTIvfiiES ObJe¢thFes The objects of lh¢ ¢haritv are the advancement of the Cbriian rdigioll. and the promolion of teaching otl all aspccts of Chrisi2n life and faith in cordan¢¢ biblical prin¢ipl¢s. En p9Jti¢ul8r, but without ]imitatIo by facilitalin8 prayer meetin85, Skmg corp)rnte wotship, study 8roupg, and ille pmduc¢ion andlor distributiQTh of to en]ightffl] (thrs about the Christian reli¥ion. SIri£t artlvlde5 Thc Rcfuel F¢stival (scotl& continucs to gTOW in mJs of 8tten(knee, eXprelOn aml rts¢h ross the niorLS and increasingly abroad. The year long tour of Scotland that commenced at the end of the 2023 gatherin& carne to a conclusion at tbe 2024 event lndbght aiK>Ut8 signifi(t increase in wpport both physically athl filwiciaily. The event is now a deStition of ¢lM)ice fot the nation¥ rninistries, rn110n movcrnent8 and chuTch o[51$tionS .hw¢ they know they will m¢¢¢ the p>Ple who ar¢ doing GotNJ M'orks and th05e that aTe lsX)king for itispiration to bc missional. A Youn8 Athilt team birthed at the 2024 event and wxth a view to 8erving aJKi ittiqtlng 1&25-y¢w-old$ to futur¢ ACHIEVEMEhl AND PERF0MANcE Charlt•bk acli)4tlts The Rehel event is FREE for all and h4$ prov¢n itsdf to Ix needul in tbe nation. Eniire families DOW hav¢ a low cos high impact holiday destiDHtion, wherethcy can grow, Icam and h1. Tbe event ss a cata]yst for the of all ch8ritsble tnini5tries and miSsi(S that indUdl famine relief, Tdigtous [¢tltith IrUl, ethcatioo adv(w. children work, youth wort famity work and rnh n)oJr. STRLCfUR4 GOVERNknNCE AND ThAGEmENT GovfrniDg do¢um¢Dt The charity is colltrolled by its governing docurnent aod ¢onstitutes a Scottith Charithble Ill¢otporntrd OrgaT]i5ation (s0). REFERENCE AND ADMINISTTIVE DETAIts Reglstered Clthrlty Rwnber SC050534 Princlp81 address J2rne# Strttt Lossiemouth Morny IV316BX Page I
The Refuel FestiTril (Scodand) Report of the Trnstee6 For The Year Ended 31 Octolxr 2024 IIEFERENL CE AND ADMINISTRATIVF DETAllS IlePendent Exmitttr 'lThe Lotjg PartneTship Park House Cenlre South Streer Elwn IV30 IJB .4rIproed bi, o-.der {)-. Ih: bo2rd of tnisiees on 1,1 April 2025 and Si ott its Pd)alf by.. Page 2
Jndependent Exonthr's Report to the Trust¢e¥ of Yhe Refuel Festiial (S¢olland) J w on th¢ a¢¢ounts fortk yearend¢d 31 Octolxr 2024 scti)ut on pagc8 four to ten. R¢spertive rewpon8lbSlltles of trn$tert And ez8miMr The charity's ttustees are re6wJnsible for the pr4)dti0ll of the ac¢ounts in ac¢ordance with thc ternis of the Chariti& and Trustee Investment (Scotland) Act 2tX)5 gnd the Chariues Accounts (Sland) Regulations 2006 las srnended). The chaTity's ¢nwtts Consid thai the audit requirement of Reglllari¢)n 10{11(a) to (cl of the Accounts Regu]atiOng d($ nol opply. It is my r&%p)nsibility to examine the couMs as required under S¢¢tion 44(IXc) of the Act and to ste wither pLrticular matt¢J¥ have come to m> attention. Basis of the iDdependentexmlner's rq>ort My tttamination Wds W]ied ovt accordance 1th Regulation I l of the ChaTities AOnts Iscotigndl Regulations 2006. An ¢xomination includ&% a revicw of the acwurAling re¢ords' kept by the d)wity and a CoMp190n of the %eounts prnted with 1hos¢ r¢cords. It also includGs con4ideTation of any unuyjal items OT disclosures in the accoun and 8eeknDg eXplanlon8 from you as trllstc¢s conccn)ing any matt¢TS. The prcttdures undertaken do not provide all the eid¢n¢¢ that would r4uired in an JJdiL and conscqu¢ntly I do not exprc55 an audii opinion on the view given by th¢ a¢¢ouTLts. l]¥lependent eniner'S fjtstement In connecti{ wtih my examillatio no mattw has¢ome to my att¢ntion: (11 whieh gives rne reasonable cause to believe th, in any material therequirements to keep accounting JY¢ords in accordance 'ith S¢¢tiOll 414(IXa) of th¢ 2(X)5 Act and Regulation 4 of th¢ 2006 Acci)unts Regu]otions' and to prepa]r accounts which acwrd wyth the accounting rttords and to complv R¢gul*ion 8 of the 2006 Accounts Regulation hav¢ not teen mct. or (21 to Whi in m) opinion, attention thould be drav in order to enable a propcr und¢r5tarthg of ilK CoUnts to be r¢a¢h¢d. l1Kn1LwJj VJ knIiunriru Lliiiiiixi Arroiintiiiit5 TheLon8 Partnttship Pk House Centr¢ South Strcet El IV30 IJB 14 April 2025 Pa8e 3
The Refvel Fe8tlval (Scod4nd) r4tement of Fln8n¢ial Actmties For The Y¢ar End¢d 31 October 2024 31.10.24 Unt&8tricted fund 31.1023 T&1 Tr'COME LYD ENI)OWMENTS FROM DO110n% legaoes& gczjeral trathg 139,101 123.878 Other aLiThiti&8 tnv¢stmellt income Sl581 39,482 Tfjtal 197.711 163J60 EXPENDITLTRE O RaisÉng fd$ 178.620 129,153 ChATltbie Xtivitl General 26.530 30,335 TotaI 205,150 159.48 LYET LYCOMEI(EXPENDITt3RE) 17,439) 3,872 REcofCItJATIOY OF FUNDS Totsl brought fonward 11,885 8.013 TOTAL FLryDS CARRIED FORWARD 11085 The notes fomi part of these financial statements Page 4
The Refud Fes11v (S¢otl#lld) Ba14n¢e Sheet 31 October 2024 31.10.24 Unre5tri¢t fimd 31.1023 Tothl fijnds Not¢8 FIXED LSSETS Tangrible 5,71X> CURRENT ASSETS Debtors Cash at bank and in hand 3,780 6,705 10,485 CREDrroK Amounts falling thie within one year (6,353) {6200) (1,254) 4,2R5 TOTAL ASSETS LESS CURREhT LIABILITIES 11.885 14ET ASSETS 11,885 Unrestricted fijnds 11,885 TOTAL FUN 11,885 rinan¢i81 statements M'ere approved by the BO8 of Trustees and ah0n5¢1 for isgje on 14 April 2025 and ere Sign on its behaifby.. Th¢ not¢s forn) PArt of th(x financial statements Pag¢ 5
The Rethel Fesffil (Seotland) ,Notes ts the Financhl Ststements Por The Year Ended 31 October 21124 ACCOLThTLNC POUciEs Bsis olpreparkng tbe statemellts The financiaj srAlemenLs of th¢ charity, which is a public benefit tity und¢r FRS 102. have been prep in aceordance with the Charities SORP (FRS 102) 'A¢couniing and Reporting by Chwytics.. Statement of Re¢omTnended Ptice applicable to ehaTities Prepaing thrir COUnt$ in acLx>rdance with the Financial RqKirting Standard applicable in thc and Republic of Jrcland (FRS 102) (effeetive l January 2019),. Financial Reporting Siandard 102 The FiD8ncial Reportjng Standard applicab[¢ in the UK Republic of Ircland, and ihe chltieS and Tntstee (Scotlandl Act 2005. The ffnaDcial ststements have be¢n PTepared I(krthe kn¢a] coni'entioft. Incon All income is rtt0gnls th¢ Staternent of Fijwcial Activjcies On the charity h&$ cntitlement to the it is probable that the incorne Will be rrtqved and the amount can be measured reliably. E4)ekndfture Liabilities are rgnISed as ¢xpeThtiture g)on a8 is 8 ksaj or $tctiVe obligation co]nti)itting the charity tt> that exFen(bturc, it is probable that a traDJf¢r of economic beo¢fits will be reqwred i]t Scement and the amount of thc obli8atiOD w be mea4ured ]iablY. ExpenthruTE IS accountcd for on ao mals basis Ind h beeD dwified uoder hea¢thngs that aggregate ajl cost relat¢d lo the egory. Where ¢osts ¢al be dittctly attrAbuted to &wtilar he&Jings they have been lOCated to activities ou a basis lStent with the us¢ of Tauglble fixed a•set¥ Depre£l10]I is Pro7ded at the following an1 rate5 in order yTite off eh abs# over its estimated usefi Plant and ma¢hi Tax&rfo The charity is exetw fm on its charitable aoivitie& accoDIlD8 Unrestiithed fijtjds can in accordance with thc charitable objedivesat the (liscr¢tion of the tsuslees. 25Y• on re(lucing balance Re&r1< fvnds w onjy be used for p4rticular r&8thcted puryN)8u within the objeels of th¢ chaTity. RestrictiotL anb¢ wen s]ried by the donor or when funds. areraised for parttcular rutricted purpose& Furtlwexplanation OftheTratu and ofeach fu ig Includ n thc notes to the fi¥ll #atemts. Futmtraising eThts 3 J.10.24 31.10.23 58.581 39,482 Page 6 Continu..
Th¢ Refuel Fe8tii"al (Scotland) Notes to the Fknantlgl StstemeDts- conthiued For The Year Ended 31 October 2024 31.10.24 31.10.23 Ikposit )llnt interest 29 RAISIliG FLThDS Invejtment nnIgenllt costs 31.10.24 31.10.23 D¢LatiOn 1,900 913 TRUSTEES, RBMU.NERATION Ar1 BEYEFITS There no trust¢d remwration OT other b¢nef]ts for the year endcd 31 (ktober 2024 nor for the yeaT cndcd 31 lknber 2023. 'crE no trustees, expenses pgid for the )E4r a)d 31 October 2024 nor for ihe ye4r ended 31 (ktober 2023. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIvfnES Unrestricied fund L%COME LNI) ENDOWMENTS FROM Donation4 legacies & eal tradillg 123.578 Other actiiitie5 39,482 Totsl 163.360 EXPENDITURE ON Raising funds 129,153 Charitable activit Gen¢Tal 30,335 Tota] 159,488 NET INCOME 3.872 RECOPICILIATION OF Fu T(ts] brought forwaTd 8.013 TOTAL FUhl)S CARRIED FORWARD 11,885 Page 7 continued...
The RefucI Fegtlval (Scotland) Notes to the Financial Ststements- eontlnmed For The Year Ended 31 Oetober 2024 TANGIBLE FIXEDA&SETS Plant and machinery COST At l Noicrnber 2023 and 31 OGtDbcr 2024 9.528 DEPRECIATIof4 At l November 2023 Charge for year 1.928 At 31 Oaober 2024 3,828 NET BOOK VALUE At 31 October 2024 5,7(rt) At 31 Ottober 2023 7,6(K) DEBTORS.. AMOUNIS FALLIT4G DUE WITHIN YEAR 31.10.24 31.10.23 Trade deb¢oTs 3,780 CREDITORS: LVIOiThTS FALLING DUE wfrHII¥ ONT. YEAR 31.10.24 31.10.23 6.353 62(Kl LOAF4S An anlS of the maturiis, of loatL5 15 given below-. 31.10.24 31.10.23 Amounts fglltng du¢ within oney¢ar on d¢man¢L. ott loans ii. MOVELlfEYf LY FUFIDS Net movement At 1.1123 At 31.10.24 L'nrestrleted fund5 Gciwa] fund 11185 (7.439) 4,446 TOTAL FtT%T)S 11,885 (7,439) 4,446 Page 8 continu&l..
The Refuel Fe81 (scolld) Nole8 to the Flnanelal StAtements- ¢ontinued For The YeAr Ended 31 October 2024 mol'L1£T FLFNDS- eo#tinued Net1lloN'ant in fund5, includ% in the atM)veaTe follows: ]nc(xning Resourees Movemenl resour(zs expended in fi]nds UrtrutrictedfuDds 197,711 {205,150} (7,4391 197,711 {205,150} (7,439) comparati for movement]nfna• Net ov¢melll in fjjnds At 1.11.22 At 31.10.23 mTe5tricted funds General 8.013 3,872 11,885 8,013 3,872 11,885 CompaJBti%e Aet niovement in fimd& included in th¢ atv)v¢ Drc ll5 follows: Incotning R&8ources Movement xpended in fullds unre¥tr General fund 163,360 {159,488) 3,872 TOTALF{l S 163,760 {159,4881 -1,872 A crnt yegr 12 moth a1 ltsr Y 12 months coJnbin¢d position is follow5: Net At 1.1122 At 31.10.24 iti fiJnd$ L'nrestrkted futtds GencTrl fLnd &013 {3,561) 4.446 8,013 (3,567) 4,446 Page 9 continued..
The Refuel F¢stsTral (Scotllnd) ND*5 to the Financial Statements- contlnued For The Year Ended 31 Oc¢ober 2024 11. MOVEMThry Th FUYDS. tolltinu A cutrent year 12 rnonths and kYiOI yethr 12 months mbill net in fvnd& includuj ID the al ar¢ foll¢)w8.' Incoming R¢sour¢¢s MoNement resoum expended fi]nds Umrestrnted fun415 GeneAI fund 361,071 (364.638) (3.567} 361,071 1364,638) (3,567) 12. RELATED PARTY DIgCiDSURLS I.. h&8 pmvidel an intere5t-free loan to the charity of £51JJO. Although r¢payabl¢, there are no foiynal repayment t¢rn. Page 10
The Refuel FestiTral (Scol14nd) DetA?led Ststen)¢nt of Finanei81 Aetiiitl¢s For The Year Ended 31 October 2024 31.1024 31.1023 INCOME AFD ETy7JOITrTEIT5 DoDartloll& leeatiti & geneT•I trading Donations AceommodatioD incon)c Other income OffsiTr ¥tivities itt¢ome Flashdrive and audio link I¢ C2ft sale$ Market place all$ 124.837 4.873 2.954 9J,485 1.740 12,108 2580 65 6,050 1,850 6,437 139.101 123,878 Otb¥ aed¢$ FuTrJraisin8 event5 58,581 39,482 IDYe5thent Incorne Deposit a¢nt interest 29 Total incomkng 197,711 163360 Other trad1 mcd11 176,720 128240 Plant and machinerv 1,900 913 Charttble Atdilties Jnsurdnce and licensdg TGIEphone Postag¢ and station¢ry Advertising Sullthies Subscriptions Guest costs" and ho)rariUts 5288 247 iJ94 3271 4219 457 4J31 5,816 247 2314 2928 1958 1,018 6,613 1252 2.625 3J08 Youth work 1.490 3.432 24,169 28.079 Support oosts FIDnce Bank chaT8 888 998 Governance Costs Arcountancy and legal fe 1,473 1258 This page L)es not form of the siathtory financial statements Pa8ell
The Refuel Felth'ol (Scotland) Detalled Staternent ofFinanelal Actliltles For The YeAr Ended 31 OctobeT 2024 31.10.24 31.10.23 205,150 159.488 et {e4xnditsr¢yiD¢ome {7,439) 38- This page docs noi forni pari ofthe statutory fincla) slatements Pag¢ 12