Drams in the Field Ltd Charity Accounts

COMPANY REGISTRATION NUMBER: SC773722

CHARITY REGISTRATION NUMBER: SC054610

Drams in the Field Ltd

Company Limited by Guarantee

Unaudited Financial Statements

30 September 2025

Drams in the Field Ltd

Company Limited by Guarantee

Financial Statements

Period from 1 July 2024 to 30 September 2025

	Pages

Trustees' annual report (incorporating the director's report)	1 to 3

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7 to 11

Drams in the Field Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Period from 1 July 2024 to 30 September 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 30 September 2025 .

Reference and administrative details

Registered charity name	Drams in the Field Ltd

Charity registration number	SC054610

Company registration number	SC773722

Principal office

Registered office	Ardintoul House
	Glenelg
	Kyle
	IV40 8JG
	Scotland

The trustees

	Ewan Robert Kerr
	Katie Anne MacDonald
	Kate Susan Wieteska
	Iona Berry	(Resigned 17 July 2024)
	Lucille Matheson Cowan Smith	(Resigned 30 June 2026)
	Lewis Alexander Warburton	(Resigned 17 July 2024)

Independent examiner	Alison Fionda, CA as Associate in the firm of: Ritsons, Chartered Accountants
	103 High Street
	ELGIN
	Moray
	IV30 1EB

Structure, governance and management

The charitable company is a company limited by guarantee, incorporated on 26 June 2023 and registered as a charity with the Office of the Scottish Charity Regulator (Charity Number SC054610 ) on 29 September 2025. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Membership shall be open to any interested person who wishes to support the aims and activities of the company. Trustees shall consider each application at the first trustees' meeting which is held after receipt of the application. The trustees shall, within a reasonable time after the meeting, notify the applicant of their decision on the application.

A person is not eligible to be appointed as a trustee unless he or she is a member of the charity. At each AGM the members may elect any member who is willing to be a trustee. The trustees may at any time appoint any member to be a trustee.

Objectives and activities

Drams in the Field's main purpose is to share and educate in the field of traditional celtic music and arts by holding an annual music festival. The company's purposes are: to provide or advance the provision of live music and arts events, which will be available to members of the Community and public at large with the object of improving the conditions of life of the Community; and to advance the provisions for educational opportunities in the Community relating to music and the arts, thus preserving folk tradition in the Community.

Achievements and performance

During the year, Drams in the Field continued to develop its programme of traditional music events in the lead up to the main festival. Performances included Fras, Wayward Jane (in association with Seall), and Duncan Chisholm, each contributing to our aim of widening access to Celtic music and supporting both established and emerging artists.

The inaugural Drams in the Field Music Festival took place on 5 July 2025. Despite challenging weather conditions, the event was well attended and warmly received. Audiences enjoyed performances from Face the West, Carnan, Fras, An Dannsa Dub, West Loch Ceilidh Band, Skirlin, Wayward Jane, and a series of informal sessions hosted at the Glenelg Inn, the Isle of Skye Ferry Shore Station, and Dun Brewing. Ticket sales were strong, community engagement was high, and feedback from attendees and performers was overwhelmingly positive.

The trustees concluded that the festival successfully fulfilled the charity's objectives of promoting traditional music, enriching community life, and providing educational and cultural opportunities. On this basis, the trustees intend to repeat and further develop the festival in 2026.

Financial review

The net income for the year was £23,934. The net assets at the year end were £23,934, all of which related to unrestricted funds.

Policy on reserves

The charity's reserves consist of its unrestricted funds, which are freely available to support our ongoing activities and to provide financial resilience. The trustees aim to build and maintain adequate reserves to ensure the stability of the organisation and to allow us to respond to opportunities or challenges as they arise.

The charity intends to grow its unrestricted reserves through continued fundraising and through operational surpluses generated by events, including future festivals and other community activities. The trustees review the level of reserves regularly to ensure they remain appropriate for the charity's needs and risk profile.

Risks

The trustees have identified several risks relevant to the charity's operation of an annual music festival, including financial pressures and income volatility; event delivery risks such as weather, supplier failure and health & safety; governance capacity; safeguarding responsibilities; cyber and data security; reputational risks associated with public events; and the need for strong financial controls. These risks reflect wider sector concerns highlighted by the Charity Commission and are monitored throughout the year.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 25 September 2026 and signed on behalf of the board of trustees by:

Ewan Robert Kerr

Trustee

Drams in the Field Ltd

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Drams in the Field Ltd

Period from 1 July 2024 to 30 September 2025

I report on the financial statements for the period ended 30 September 2025, as set out on pages 5 to 11.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) 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. The charity trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 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 independent examiner's report

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks explanations from the 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 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.

Alison Fionda, CA as Associate in the firm of: Ritsons, Chartered Accountants

Independent Examiner

103 High Street ELGIN Moray IV30 1EB

25 September 2026

Drams in the Field Ltd

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Period from 1 July 2024 to 30 September 2025

	Period from 1 Jul 24 to 30 Sep 25
	Unrestricted funds	Total funds
Note	£	£

Income and endowments

Donations and legacies	5	17,844	17,844
Charitable activities	6	42,525	42,525
Investment income	7	60	60
		--------	--------
Total income		60,429	60,429
		--------	--------

Expenditure

Expenditure on charitable activities	8,9	33,708	33,708
Taxation	10	2,787	2,787
		--------	--------
Total expenditure		36,495	36,495
		--------	--------

	--------	--------
Net income and net movement in funds	23,934	23,934
	--------	--------

Reconciliation of funds

Total funds brought forward	–	–
	--------	--------
Total funds carried forward	23,934	23,934
	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Drams in the Field Ltd

Company Limited by Guarantee

Statement of Financial Position

30 September 2025

	30 Sep 25
Note	£	£

Current assets

Stocks	14	2,631
Debtors	15	3,328
Cash at bank and in hand		23,490
		--------
		29,449

Creditors: amounts falling due within one year	16	5,515
		--------
Net current assets			23,934
			--------
Total assets less current liabilities			23,934
			--------
Net assets			23,934
			--------

Funds of the charity

Unrestricted funds		23,934
		--------
Total charity funds	17	23,934
		--------

For the period ending 30 September 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 25 September 2026 , and are signed on behalf of the board by:

Ewan Robert Kerr

Trustee

Drams in the Field Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Period from 1 July 2024 to 30 September 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is Ardintoul House, Glenelg, Kyle, IV40 8JG, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Current tax is recognised on taxable income or expenditure for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Income

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Bank overdrafts are shown within creditors due within one year. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of income and retained earnings.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. Donations and legacies

		Unrestricted Funds	Total Funds 2025
		£	£

Donations

Donations	3,789	3,789
Transfer from unincorporated	12,055	12,055

Grants

Grants	2,000	2,000
	--------	--------
	17,844	17,844
	--------	--------

6. Charitable activities

	Unrestricted Funds	Total Funds 2025
	£	£
Drams tickets	21,425	21,425
Drams bar	10,192	10,192
Merchandise income	1,522	1,522
Raffle income	80	80
Cafe income	623	623
Events	8,683	8,683
	--------	--------
	42,525	42,525
	--------	--------

7. Investment income

	Unrestricted Funds	Total Funds 2025
	£	£
Bank interest receivable	60	60
	----	----

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025
	£	£
Costs of operating music festival	31,733	31,733
Support costs	1,975	1,975
	--------	--------
	33,708	33,708
	--------	--------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025
	£	£	£
Costs of operating music festival	31,733	–	31,733
Governance costs	–	1,975	1,975
	--------	-------	--------
	31,733	1,975	33,708
	--------	-------	--------

10. Taxation

Major components of tax expense

	Period from
	1 Jul 24 to
	30 Sep 25
	£

Current tax:

UK current tax expense	2,787
	-------
Taxation	2,787
	-------

Reconciliation of tax expense

The tax assessed on the income for the period is lower than the standard rate of corporation tax in the UK of 19 %.

	Period from
	1 Jul 24 to
	30 Sep 25
	£
Income before taxation	26,721
	--------
Income by rate of tax	5,077
Effect of income exempt from tax	( 2,290)
	--------
Tax on income	2,787
	--------

11. Independent examination fees

	Period from
	1 Jul 24 to
	30 Sep 25
	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,400
	-------

12. Staff costs

The average head count of employees during the period was Nil.

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

No trustee expenses have been incurred during the year.

14. Stocks

	30 Sep 25
	£
Consumables	2,631
	-------

15. Debtors

	30 Sep 25
	£
Trade debtors	38
Other debtors	3,290
	-------
	3,328
	-------

16. Creditors: amounts falling due within one year

	30 Sep 25
	£
Trade creditors	1,003
Accruals and deferred income	1,400
Corporation tax	2,787
Other creditors	325
	-------
	5,515
	-------

17. Analysis of charitable funds

Unrestricted funds

	At 1 July 2024	Income	Expenditure	At 30 September 2025
	£	£	£	£
General funds	–	60,429	(36,495)	23,934
	----	--------	--------	--------

18. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	29,449	29,449
Creditors less than 1 year	(5,515)	(5,515)
	--------	--------
Net assets	23,934	23,934
	--------	--------