IRIS Accounts Productionv24.3.2.46OtherCompany accountsTruefalsePounds1.12.2330.11.2430.11.24FYFRS 102Independent examinerSmall companies regime for accountsFullCharities SORPtruetruetruetruefalsetruefalsefalse00 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2757952023-11-30SC2757952024-11-30SC2757952023-12-012024-11-30SC2757952022-11-30SC2757952022-12-012023-11-30SC2757952023-11-30SC275795ns0:CharitableCompanyLimitedByGuarantee2023-12-012024-11-30SC275795ns15:PoundSterling2023-12-012024-11-30SC275795ns11:FRS1022023-12-012024-11-30SC275795ns11:IndependentExaminationCharity2023-12-012024-11-30SC275795ns11:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC275795ns11:FullAccounts2023-12-012024-11-30SC275795ns11:CharitiesSORP2023-12-012024-11-30SC275795ns16:EnglandWales2023-12-012024-11-30SC275795ns11:RegisteredOffice2023-12-012024-11-30SC275795ns0:Trustee12023-12-012024-11-30SC275795ns0:Trustee22023-12-012024-11-30SC275795ns0:Trustee32023-12-012024-11-30SC275795ns0:Trustee42023-12-012024-11-30SC275795ns0:Trustee52023-12-012024-11-30SC275795ns0:Trustee62023-12-012024-11-30SC275795ns0:Trustee72023-12-012024-11-30SC275795ns0:Trustee82023-12-012024-11-30SC275795ns0:Trustee92023-12-012024-11-30SC275795ns0:Trustee102023-12-012024-11-30SC275795ns11:CompanySecretary12023-12-012024-11-30SC275795ns0:TotalUnrestrictedFunds2023-12-012024-11-30SC275795ns0:TotalRestrictedIncomeFunds2023-12-012024-11-30SC275795ns0:Activity82023-12-012024-11-30SC275795ns0:TotalUnrestrictedFundsns0:Activity82023-12-012024-11-30SC275795ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-12-012024-11-30SC275795ns0:Activity82022-12-012023-11-30SC275795ns0:TotalUnrestrictedFunds2023-11-30SC275795ns0:TotalRestrictedIncomeFunds2023-11-30SC275795ns0:TotalUnrestrictedFunds2024-11-30SC275795ns0:TotalRestrictedIncomeFunds2024-11-30SC275795ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-11-30SC275795ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-11-30SC275795ns10:WithinOneYear2024-11-30SC275795ns10:WithinOneYear2023-11-30SC27579522023-12-012024-11-30SC27579532023-12-012024-11-30SC27579512023-12-012024-11-30SC27579512022-12-012023-11-30SC275795ns10:OwnedAssets2023-12-012024-11-30SC275795ns10:OwnedAssets2022-12-012023-11-30SC275795ns0:TotalUnrestrictedFunds2022-12-012023-11-30SC275795ns0:TotalRestrictedIncomeFunds2022-12-012023-11-30SC275795ns0:TotalUnrestrictedFundsns0:Activity82022-12-012023-11-30SC275795ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-12-012023-11-30SC275795ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-11-30SC275795ns10:PlantMachinery2023-11-30SC275795ns10:MotorVehicles2023-11-30SC275795ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-12-012024-11-30SC275795ns10:PlantMachinery2023-12-012024-11-30SC275795ns10:MotorVehicles2023-12-012024-11-30SC275795ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-11-30SC275795ns10:PlantMachinery2024-11-30SC275795ns10:MotorVehicles2024-11-30SC275795ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-11-30SC275795ns10:PlantMachinery2023-11-30SC275795ns10:MotorVehicles2023-11-30SC275795ns10:BetweenOneFiveYears2024-11-30SC275795ns10:BetweenOneFiveYears2023-11-30SC275795ns10:AllPeriods2024-11-30SC275795ns10:AllPeriods2023-11-30

REGISTERED COMPANY NUMBER: SC275795 (Scotland)

REGISTERED CHARITY NUMBER: 036111















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR


KIRKCUDBRIGHT SUMMER FESTIVITIES



KIRKCUDBRIGHT SUMMER FESTIVITIES



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024












Page




Report of the Trustees  

1


to


3



Independent Examiner's Report  

4




Statement of Financial Activities  

5




Balance Sheet  

6


to


7



Notes to the Financial Statements  

8


to


14


KIRKCUDBRIGHT SUMMER FESTIVITIES (REGISTERED NUMBER: SC275795)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 NOVEMBER 2024




The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 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 2019).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective and principal activity of the charitable company is to advance the education of the public in the Arts, in particular by the provision of annual events including music, dance, arts and crafts, known as Kirkcudbright Summer Festivities, for the benefit of the community.

Grantmaking

Grants are made in accordance with charity law, our constitution and the wishes and directions of
donors.

Volunteers

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

ACHIEVEMENT AND PERFORMANCE

I'm delighted to be reporting on another fantastic year filled with a packed calendar of events, running from March right through to Christmas.

The year started with a great Farmers Market, organised by our new convenor Claire, who has done a great job throughout the year. The market, along with many of the other regular events such as the plant fairs, car boot sales and the kite events; the kite picnic at the beginning of the summer and the kite festival at the end of September; have continued to thrive and grow in 2024. The half marathon and Buckland burn up returned for its second year as one event, growing in success and welcoming many runners from all over Scotland. The Country Fair returned having been called off at the last minute in 2023 and also returned to its usual field at The Carse.

The summer events were very successful, with a great parade, an almost sell out Tattoo and a bustling Art & Crafts Trail. It was unfortunate that the Scottish Nights had to be moved to the church multiple times over the summer, which has never happened before, but the church was a lovely venue and we were grateful for its use. The Autumn Festival was held at the beginning of October - an amended version of the Light Festival in previous years - and was a great success. The year was completed with the Halloween trail, Christmas Market and Santa round the town, all of which are popular events in the community.

As usual, a huge debt of thanks is owed to Avril and her fantastic team of volunteers, without whom all we do wouldn't be feasible. Their time and commitment is greatly appreciated and valued by us all.

We were lucky enough this year to have some new volunteers who have been a fantastic addition to the committee and who have made themselves invaluable to us in a short time. My sincerest thanks to my fellow directors, members and volunteers for their continued time, help and support and I look forward to working with you all again in 2025.

FINANCIAL REVIEW

Financial Review

The company's turnover for the year was £170,680. The main source of funding was from charity shop sales (£51,460) and Donations (£59,190). During the year the company spent £93,361 on our activities, £6,048 in shop running costs and £1,450 on governance and administration. Our surplus for the year is £69,821 and we have £221,534  in reserve funding, all of which is unrestricted.



KIRKCUDBRIGHT SUMMER FESTIVITIES (REGISTERED NUMBER: SC275795)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 NOVEMBER 2024



FINANCIAL REVIEW

Reserves policy

The bank balances represent the unrestricted funds arising from successful operating results. It has been a long term aim of previous festivities organising groups that there should be sufficient unrestricted funds in the bank to enable full arrangements to be made for the next year's festivities before any income generating work is undertaken. Thanks in particular to the income from our charity shop this level of reserves has been maintained and will allow us to continue activities at our current level without the need for additional core funding in the form of grants.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company was established under a Memorandum of Association that established the objects and
powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £1 each.

Recruitment and appointment of new Directors

Under the company's Articles there is a maximum of twenty places on the Board of Directors. The
directors retire at each Annual General Meeting but are eligible for re-election. Those directors who
served the company during the year are as follows:

Avive Asbridge
Rob Asbridge
John Blaikie
Robert McCune
Helen McQuater
Peter McRobert
Avril Swan
Colin Saul
Ian McIntyre
Malcolm Oldfield
Magnus Johnson

The overall duty of each director is to ensure that the company operates in a manner that enables it to fulfil its objectives as efficiently as possible. In particular they should:

- ensure the company complies with its founding Articles, charity law and other relevant
- legislation.
- contribute actively to the board's role in giving clear strategic advice to the company.
- set overall policy, define goals, setting targets and evaluate performance.
- safeguard the good name and values of the company.
- ensure the company's financial stability.
- monitor performance.

Organisational structure

The Board meets regularly during the year. At these meetings the board agrees the strategy and areas of activity for the company, the delegation of tasks and responsibilities to sub-committees and individuals and the monitoring and approval of progress.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC275795 (Scotland)


Registered Charity number

036111



KIRKCUDBRIGHT SUMMER FESTIVITIES (REGISTERED NUMBER: SC275795)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 NOVEMBER 2024



Registered office

53 St Mary Street

Kirkcudbright

Dumfries & Galloway

DG6 4DU


Trustees

J M Blaikie

Ms S A Asbridge

R Asbridge

R J McCune

Mrs H S C McQuater

P J McRobert

Mrs A Swan

C Saul

I McIntyre

M J  ldfield

M A Johnson

R Linden (appointed 15/1/25)


Company Secretary

Ms S A Asbridge


Independent Examiner

Bell Ogilvy

Chartered Accountants

36 King Street

Castle Douglas

Dumfries & Galloway

DG7 1AF


Approved by order of the board of trustees on 13 February 2025 and signed on its behalf by:






J M Blaikie - Trustee


INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

KIRKCUDBRIGHT SUMMER FESTIVITIES




I report on the accounts for the year ended 30 November 2024 set out on pages five to fourteen.


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.









Eilidh J Harman BA (Hons) CA

The Institute of Chartered Accountants of Scotland


Bell Ogilvy

Chartered Accountants

36 King Street

Castle Douglas

Dumfries & Galloway

DG7 1AF


13 February 2025



KIRKCUDBRIGHT SUMMER FESTIVITIES



STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 NOVEMBER 2024



2024


2023


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

59,190


6,875


66,065


46,024



Charitable activities

General fund

40,115


-


40,115


27,875



Other trading activities

3

63,780


714


64,494


65,067


Other income

6


-


6


15


Total

163,091


7,589


170,680


138,981



EXPENDITURE ON

Raising funds

6,048


-


6,048


5,744



Charitable activities

General fund

82,823


11,988


94,811


124,386


Total

88,871


11,988


100,859


130,130



NET INCOME/(EXPENDITURE)

74,220


(4,399

)

69,821


8,851


Transfers between funds

11

(11

)

11


-


-


Net movement in funds

74,209


(4,388

)

69,821


8,851



RECONCILIATION OF FUNDS

Total funds brought forward

147,325


4,388


151,713


142,862



TOTAL FUNDS CARRIED FORWARD

221,534


-


221,534


151,713



KIRKCUDBRIGHT SUMMER FESTIVITIES (REGISTERED NUMBER: SC275795)



BALANCE SHEET

30 NOVEMBER 2024



2024


2023


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

7

74,549


-


74,549


75,070



CURRENT ASSETS


Debtors

8

6,032


-


6,032


2,160


Cash at bank

142,236


-


142,236


75,133


148,268


-


148,268


77,293



CREDITORS


Amounts falling due within one year

9

(1,283

)

-


(1,283

)

(650

)


NET CURRENT ASSETS

146,985


-


146,985


76,643



TOTAL ASSETS LESS CURRENT

LIABILITIES

221,534


-


221,534


151,713



NET ASSETS

221,534


-


221,534


151,713


FUNDS

11

Unrestricted funds

221,534


147,325


Restricted funds

-


4,388


TOTAL FUNDS

221,534


151,713



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing 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 surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


KIRKCUDBRIGHT SUMMER FESTIVITIES (REGISTERED NUMBER: SC275795)



BALANCE SHEET - continued

30 NOVEMBER 2024


These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 13 February 2025 and were signed on its behalf by:






J M Blaikie - Trustee



KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024



1.

ACCOUNTING POLICIES



BASIS OF PREPARING THE FINANCIAL STATEMENTS


The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.



Going concern


The financial statements have been prepared on a going concern basis. The executive committee has assessed the charity’s ability to continue as a going concern and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future.



INCOME


All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.  The following specific policies are applied to particular categories of income:



Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.



Donated services and facilities are included in the value of the charity where this can be quantified. The value of the services provided by volunteers has not been included in these accounts.  The value of the charity of the donated goods sold is recognised as income when sold.



Investment income is included when receivable.



Incoming resources from charitable trading activities are accounted for when earned.



Incoming resources from grants, where related to performance and specific deliverable, are accounted for as the charity earns the right to consideration by its performance.



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.



Land and Buildings - not applied
Motor Vehicles - 20% reducing balance
Plant & Machinery - 10% reducing balance



KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024



1.

ACCOUNTING POLICIES - continued



TANGIBLE FIXED ASSETS

The charity does not capitalise expenditure on equipment purchased in the year, rather it is expensed against incoming resources in the year of expenditure, in the statement of financial activities. This policy is contrary to the Charities SORP (FRS 102), however it ensures that the charity's assets are not overstated in the financial statements, and aids the trustees in their review of the financial position of the charity periodically.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.


TAXATION

The charity is exempt from corporation 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.


FINANCIAL INSTRUMENTS

Cash and cash equivalents comprise cash on hand and call deposits, and other short term high liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the organisation does not have conditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are represented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of financial activities over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the organisation has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.


KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024



2.

DONATIONS AND LEGACIES


2024


2023

£   

£   



Donations

59,190


24,139




Grants

6,875


21,885



66,065


46,024





Included within Donations is a Donation of £58,291 received from P Bayes Estate.



Grants received, included in the above, are as follows:



2024


2023

£   

£   



Dumfries and Galloway Council

6,500


9,885




Solway Firth Partnership

-


12,000




Tesco Groundworks

375


-



6,875


21,885




3.

OTHER TRADING ACTIVITIES


2024


2023

£   

£   



Small Events and Fundraising

9,212


9,625




Shop income

51,460


48,631




Sponsorships

-


524




Insurance claims

-


1,311




Raffle Income

3,822


4,976



64,494


65,067




4.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2024


2023

£   

£   



Depreciation - owned assets

521


610




5.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.



TRUSTEES' EXPENSES


There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.



KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024



6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


fund


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

30,799


15,225


46,024




Charitable activities


General fund

27,875


-


27,875




Other trading activities

65,067


-


65,067



Other income

15


-


15



Total

123,756


15,225


138,981




EXPENDITURE ON


Raising funds

5,744


-


5,744




Charitable activities


General fund

108,816


15,570


124,386



Total

114,560


15,570


130,130




NET INCOME/(EXPENDITURE)

9,196


(345

)

8,851





RECONCILIATION OF FUNDS


Total funds brought forward

138,129


4,733


142,862




TOTAL FUNDS CARRIED FORWARD

147,325


4,388


151,713



7.

TANGIBLE FIXED ASSETS


Freehold


Plant and


Motor



property


machinery


vehicles


Totals

£   

£   

£   

£   



COST


At 1 December 2023 and

30 November 2024

71,000


3,282


4,500


78,782




DEPRECIATION


At 1 December 2023

-


352


3,360


3,712




Charge for year

-


293


228


521




At 30 November 2024

-


645


3,588


4,233




NET BOOK VALUE


At 30 November 2024

71,000


2,637


912


74,549




At 30 November 2023

71,000


2,930


1,140


75,070





KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024



8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Trade debtors

350


175




Prepayments

5,186


662



5,536


837




Prepayments falling due after one year amount to £496.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Trade creditors

443


-




Accrued expenses

840


650



1,283


650




10.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:


2024

2023


£   

£   



Within one year

4,250


5,100




Between one and five years

-


4,250



4,250


9,350




11.

MOVEMENT IN FUNDS


Net


Transfers




At


movement


between


At



1.12.23


in funds


funds


30.11.24


£   

£   

£   

£   



Unrestricted funds


General fund

147,325


74,220


(11

)

221,534





Restricted funds


Autumn Festival (Festival of Light)

4,388


(4,399

)

11


-





TOTAL FUNDS

151,713


69,821


-


221,534





KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024



11.

MOVEMENT IN FUNDS - continued



Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

163,091


(88,871

)

74,220





Restricted funds


Autumn Festival (Festival of Light)

1,089


(5,488

)

(4,399

)



Country Fair

4,000


(4,000

)

-




Tattoo

2,500


(2,500

)

-



7,589


(11,988

)

(4,399

)



TOTAL FUNDS

170,680


(100,859

)

69,821






Comparatives for movement in funds



Net




At


movement


At



1.12.22


in funds


30.11.23


£   

£   

£   



Unrestricted funds


General fund

138,129


9,196


147,325





Restricted funds


Autumn Festival (Festival of Light)

3,772


616


4,388




Country Fair

961


(961

)

-



4,733


(345

)

4,388




TOTAL FUNDS

142,862


8,851


151,713





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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

123,756


(114,560

)

9,196





Restricted funds


Autumn Festival (Festival of Light)

15,225


(14,609

)

616




Country Fair

-


(961

)

(961

)


15,225


(15,570

)

(345

)



TOTAL FUNDS

138,981


(130,130

)

8,851





KIRKCUDBRIGHT SUMMER FESTIVITIES



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024



11.

MOVEMENT IN FUNDS - continued




Unrestricted Funds





General Funds


-


funds that may be used at the discretion of the Trustees in furtherance

of the objects of the charity.




Restricted Funds





Autumn Festival


-


funds received for the purpose of putting on the Autumn Festival event.



(previously Festival of

Light)






Country Fair


-


funds received for the purpose of holding the Country Fair.





Tattoo


-


funds received for the purpose of holding the Tattoo.






12.

RELATED PARTY DISCLOSURES


During the year £9,831 of rent, electricity, printing, room hire and book-keeping costs were paid to Kirkcudbright Development Trust of which Mr R Asbridge & Mr J Blaikie are also Trustees.
A Trustee was paid £5,669 for secretarial services during the year.