The theme this year is ‘Celebrate!’ and residents have taken it in a variety of directions, including sporting, royal and political.
Our photographer Daniel Martino has been out and about in Wray capturing some of the sights.
There is still plenty of time to go and take a look for yourself, with the festival continuing until the May Day Bank Holiday.
Upcoming events include a scarecrow parade through the village on Friday and the traditional May fair on Monday.
A full programme of events is available here.
Look out for more of our photos later this week.