REGISTERED CHARITY NUMBER: SCO50534
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 October 2025
for
The Refuel Festival (Scotland)
The Long Partnership Park House Centre South Street Elgin IV30 1JB
The Refuel Festival (Scotland)
Contents of the Financial Statements For The Year Ended 31 October 2025
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|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|10|
|Detailed|Statement|of Financial|Activities|11|to|12|
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The Refuel Festival (Scotland)
Report of the Trustees For The Year Ended 31 October 2025
The trustees present their report with the financial statements of the charity for the year ended 31 October 2025. 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are the advancement of the Christian religion, and the promotion of teaching on all aspects of Christian life and faith in accordance with biblical principles. In particular, but without limitation, by facilitating prayer meetings, sung corporate worship, study groups, and the production and/or distribution of literature to enlighten others about the Christian religion.
Significant activities
The Refuel Festival (Scotland) continues to grow in terms of attendance, expression and reach across the nations and increasingly abroad.
The Team continues to travel the country to train and equip ministries and their own teams, and also support the work of other ministries across the UK.
Following the success of the year long tour of Scotland in 2023/2024 (Refuel on the Road) this was repeated at a local level across Moray over a 2 week period and serving rural isolated communities.This increased awareness of the Refuel Festival and built valuable relationships with local leaders.
The FREE Summer Festival in July was said to be the "best ever" with considerable testimony of salvations renewal, miracles, signs and wonders in the midst of the teaching and worship across the Gordon Castle Estate.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Refuel event is FREE for all and has proven itself to be needed in the nation. Entire families now have a low cost, high impact holiday destination, where they can grow, learn and heal.
The event is a catalyst for the growth of all charitable ministries and missions that attend, including famine relief, religious persecution, inequity, education, advocacy, children work, youth work, family work and much more.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and constitutes a Scottish Charitable Incorporated Organisation (SCIO).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
$CO50534
Principal address Ellel James Street Lossiemouth Moray IV31 6BX
Trustees
CS Mackay DM Mackay E Chisholm J Nickols J Hansford (appointed 13.12.24) D Cochrane (appointed 13.12.24)
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The Refuel Festival (Scotland)
Report of the Trustees
For The Year Ended 31 October 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner The Long Partnership Park House Centre South Street Elgin IV30 1JB
Approved by order of the board of trustees on 9 January 2026 and signed on its behalf by:
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AKUAvant
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D M Mackay - Trustee
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Independent Examiner's Report to the Trustees of The Refuel Festival (Scotland)
- I report on the accounts for the year ended 31 October 2025 set out on pages four to ten.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Anthony D Palombo BA FCCA
The Association of Chartered Certified Accountants
The Long Partnership Park House Centre South Street Elgin IV30 1JB
9 January 2026
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The Refuel Festival (Scotland)
Statement of Financial Activities For The Year Ended 31 October 2025
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|---|---|---|---|---|---|
|31.10.25|31.10.24|
|Unrestricted|Total|
|Notes|fund£|funds£|
|INCOME|AND ENDOWMENTS FROM|
|Donations,|legacies &|general|trading|153,996|139,101|
|Other|activities|2|60,233|$8,581|
|Investment income|3|13|29|
|Total|214,242|197,711|
|EXPENDITURE ON|
|Raising|funds|4|186,415|178,620|
|Charitable|activities|
|General|31,425|26,530|
|Total|217,840|205,150|
|NET INCOME/(EXPENDITURE)|(3,598)|(7,439)|
|RECONCILIATION|OF FUNDS|
|Total|funds brought|forward|4,446|11,885|
|TOTAL FUNDS CARRIED FORWARD|848|4,446|
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The notes form part of these financial statements
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The Refuel Festival (Scotland)
Balance Sheet
31 October 2025
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|---|---|---|---|---|---|---|---|
|31.10.25|31.10.24|
|Unrestricted|Total|
|Notes|fund£|funds£|
|FIXED|ASSETS|
|Tangible|assets|7|6,822|5,700|
|CURRENT ASSETS|
|Cash|at bank and|in hand|817|5,099|
|CREDITORS|
|Amounts|falling|due|within|one year|8|(6,791)|(6,353)|
|NET CURRENT ASSETS|(5,974)|(1,254)|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|848|4,446|
|NET ASSETS|848|4,446|
|FUNDS|10|
|Unrestricted|funds|848|4,446|
|TOTAL FUNDS|848|4,446|
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The financial statements were approved by the Board of Trustees and authorised for issue on 9 January 2026 and were signed on its behalf by:
; f)
D M Mackay - Trustee
’ The notes form part of these financial statements
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The Refuel Festival (Scotland)
Notes to the Financial Statements For The Year Ended 31 October 2025
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 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), 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
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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continued...
The Refuel Festival (Scotland)
Notes to the Financial Statements - continued For The Year Ended 31 October 2025
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|---|---|---|---|
|2.|OTHER ACTIVITIES|
|31.10.25|31.10.24|
|£|£|
|Fundraising|events|60,233|58,581|
|3.|INVESTMENT INCOME|
|31.10.25|31.10.24|
|£|£|
|Deposit account|interest|13|29|
|4.|RAISING FUNDS|
|Investment management|costs|
|31,10.25|31.10.24|
|£|£|
|Depreciation|1,700|1,900|
|5.|TRUSTEES' REMUNERATION AND|BENEFITS|
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There were no trustees’ remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|---|---|---|---|---|---|
|Unrestricted|
|fund|
|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations,|legacies|&|general|trading|139,101|
|Other|activities|58,581|
|Investment income|29|
|Total|197,711|
|EXPENDITURE|ON|
|Raising|funds|178,620|
|Charitable|activities|
|Genera!|26,530|
|Total|205,150|
|NET INCOME/(EXPENDITURE)|(7,439)|
|RECONCILIATION OF FUNDS|
|Total|funds brought forward|11,885|
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The Refuel Festival (Scotland)
Notes to the Financial Statements - continued For The Year Ended 31 October 2025
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|---|---|---|---|---|---|
|6.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|-|continued|
|Unrestricted|
|fund|
|£|
|TOTAL FUNDS CARRIED FORWARD|4,446|
|7.|TANGIBLE|FIXED ASSETS|
|Plant|and|
|machinery|
|£|
|COST|
|At|1|November 2024|9,528|
|Additions|2,822|
|At 31|October 2025|12,350|
|DEPRECIATION|
|At|1|November 2024|3,828|
|Charge|for year|1,700|
|At 31|October 2025|5,528|
|NET BOOK VALUE|
|At 31|October 2025|6,822|
|At 31|October 2024|5,700|
|8.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31.10.25|31.10.24|
|£|£|
|Taxation and|social|security|266|-|
|Other creditors|6,525|6,353|
|6,791|6,353|
|9,|LOANS|
|An analysis|of the|maturity of|loans|is|given below:|
|31.10.25|31.10.24|
|£|£|
|Amounts|falling|due within|one|year on|demand:|
|Other loans|5,000|5,002|
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The Refuel Festival (Scotland)
Notes to the Financial Statements - continued For The Year Ended 31 October 2025
MOVEMENT IN FUNDS
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|---|---|---|---|---|---|---|---|---|---|
|Net|
|At|movement|At|
|1.11.24|in|funds|31.10.25|
|£|£|£|
|Unrestricted|funds|
|General fund|4,446|(3,598)|848|
|TOTAL FUNDS|4,446|(3,598)|848|
|Net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General fund|214,242|(217,840)|(3,598)|
|TOTAL FUNDS|214,242|(217,840)|(3,598)|
|Comparatives|for|movement|in|funds|
|Net|
|At|movement|At|
|1.11.23|in|funds|31.10.24|
|£|£|£|
|Unrestricted|funds|
|General fund|11,885|(7,439)|4,446|
|TOTAL FUNDS|11,885|(7,439)|4,446|
|Comparative|net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|197,711|(205,150)|(7,439)|
|TOTAL FUNDS|197,711|(205,150)|(7,439)|
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The Refuel Festival (Scotland)
Notes to the Financial Statements - continued For The Year Ended 31 October 2025
10. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|
|Net|
|At|movement|At|
|1.11.23|in|funds|31.10.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|11,885|(11,037)|848|
|TOTAL FUNDS|11,885|(11,037)|848|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|411,953|(422,990)|(11,037)|
|TOTAL FUNDS|411,953|(422,990)|(11,037)|
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- RELATED PARTY DISCLOSURES
Mr James Nickols, trustee, has provided an interest-free loan to the charity of £5000. Although repayable, there are no formal repayment terms.
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The Refuel Festival (Scotland)
Detailed Statement of Financial Activities For The Year Ended 31 October 2025
| Detailed Statement of FinancialFinancial Activities For The Year Ended 31 October 2025 |
||
|---|---|---|
| 31.10.25 | 31.10.24 | |
| £ | £ | |
| INCOMEANDENDOWMENTS | ||
| Donations, legacies& general trading | ||
| Donations Gift aid Accommodationincome Otherincome Cafe sales |
124,125 11,145 2,801 5,218 10,707 |
112,001 12,836 4,873 2,954 6,437 |
| 153,996 | 139,101 | |
| Other activities | ||
| Fundraisingevents | 60,233 | 58,581 |
| Investmentincome | ||
| Depositaccount interest | 13 | 29 |
| Totalincomingresources | 214,242 | 197,711 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | 184,715 | 176,720 |
| Investment management costs | ||
| Plantandmachinery | 1,700 | 1,900 |
| Charitable activities | ||
| Insuranceandlicenses Telephone |
5,449 257 |
§,288 247 |
| Postageandstationery Advertising Sundries Subscriptions |
2,368 1,649 288 967 |
1,394 3,271 4,219 457 |
| Guestcostsandhonorariums Entertainment |
8,040 456 |
4,331 40 |
| Youthwork Repairs |
2,660 3,396 |
1,490 3,432 |
| 25,530 | 24,169 | |
| Support costs | ||
| Finance | ||
| Bankcharges | 1,457 | 888 |
| Other | ||
| Wages Carriedforward |
2,923 2,923 |
- - |
This page does not form part of the statutory financial statements
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The Refuel Festival (Scotland)
Detailed Statement of Financial Activities For The Year Ended 31 October 2025
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|---|---|---|---|---|
|31.10.25|31.10.24|
|£|£|
|Other|
|Brought forward|2,923|-|
|Pensions|88|-|
|3,011|-|
|Governance|costs|
|Accountancy and|legal|fees|1,427|1,473|
|Total|resources|expended|217,840|205,150|
|Net expenditure|(3,598)|(7,439)|
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This page does not form part of the statutory financial statements
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