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← The Scott Creative Arts Foundation

2025-03-31-accounts

Registered number: CE007199 Charity number: 1168545

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 - 13
Notes to the Financial Statements 14 - 23

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Keith Madeley MBE, Chair
Dr Wendy McGrandles, Treasurer
Dr Sue Armstrong, Trustee
Charity registered
number
1168545
Registered office
The Old Barn
York Road
Thirsk
North Yorkshire
YO7 3AD
Accountants
Armstrong Watson LLP
Chartered Accountants
York House
Thornfield Business Park
Northallerton
North Yorkshire
DL6 2XQ
Bankers
Lloyds Bank plc
67 York Road
Accomb
York
YO24 4LN

Page 1

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are pleased to present their annual report together with the financial statements of the charity for the period ending 31 March 2025.

The financial statements comply with the Charities Act 2011 and 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 (FRS102).

Objectives and activities

a. Policies and objectives

The primary objective of the charity (as defined by its constitution) is to provide an art gallery to exhibit the historical collections of original paintings by the late Eileen and Michael Scott and to promote and encourage high standards of paintings and other artistic media principally amongst young and emerging artists.

We have matched our objectives this year through the following primary means:

• Developing the SCAF Living Landscape project in its work to involve and support members of the public in our local region who have an interest in food production, gardening, landscape, conservation, and nature, in addition to art

Our strategies adopted to achieve these objectives have been:

Page 2

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

Grants awarded this year:

o 1st place £1250

Page 3

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

a. Main achievements of the Company

• The SCAF Emerging Artist Award created new opportunities and relationships for our finalists. Once again, we exceeded the previous number of entries to give us 10 high quality finalists.

• Our judges included Robbie Fife who is an established artist and graduate of The Slade School of Fine Art in York and our 2023 SCAF EAA winner. Working with our previous winners is proving to be an excellent additional benefit for them (and us) as they are able to see the process in its entirety.

• Past SCAF EAA finalists have taken up the opportunity to use the SCAF office to work in the space both on their own projects and to creatively respond to the archived work of our benefactors. Over twenty of our past finalists participated in the Emerging Journeys Exhibition, each contributing past, and current pieces to the exhibition and each participated in an interview process with one of our interns.

• We continue to receive positive feedback from members of the public who have visited the NHS outpatient department at the York Community Stadium, where we are now in the 4th year of a 5-year loan exhibition on display in the NHS waiting areas.

• Our presence in Thirsk is now well established and our office is now visited by artists and friends of SCAF. The addition of the Community Growing Project (Living Landscape Community Project), now with twelve established volunteers, is another important addition to the land at the headquarters and brings further positive attention to the site. We are now one of twelve ambassadors under the Peoples Food and Farming (PFFA), Together We Grow Community Project umbrella and this will help us to grow and distribute food into the community and also serves as a way to bring those not familiar with the arts into the space through gardening and growing.

• Our two interns, one a Fine Art graduate and the second a Sociology graduate both worked an extended term with us and were a tremendous asset to the charity. We have now taken one of these interns on as a part time employee of SCAF to handle our social media and marketing.

• We now have an established Peer Group, named SCAFFOLD, offering peer support to our past emerging artist award finalists.

Financial review

a. Fundraising activities

We have received a nominal income from donations, sale of books from our beneficiaries and event catalogues.

Our Fundraising portfolio has now been completed, and we will be making our first Arts Council application within 2025.

We are now working with a freelance arts fundraiser to support us in bid writing and grant applications.

Page 4

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

b. Plans for future periods

o The gallery will be sited on the land purchased in Thirsk.

• Temporary Gallery Space:

o The gallery space at Northallerton will cease in the coming year and we will be seeking permission to develop the garage space at our Thirsk headquarters to provide us with a small exhibition space.

o We will continue to collaborate with the York Health and Art (NHS Trust Team) with regard to the 35 works from both Eileen and Michael that are now being exhibited at the York Community Stadium at Monks Cross in the NHS outpatient department. We are looking to extend our loan exhibitions offering in 2025.

o The programme for 2025 has been promoted through our social media and website.

o Our 2025 Emerging Artist Award – ‘Time’ was launched on 1st October 2024.

o Our curator is continuing the work of digitalisation of the collections.

• Intern Programme:

o We have submitted opportunities for both work experience and summer internships with York St John University and University of York.

• Living Landscape Project:

o We now have a committed core group of members of the public who live within 10 miles of our headquarters who are working on the SCAF land to landscape, grow food, socialise and develop skills and knowledge.

Page 5

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

c. Risk management

The Board has paid particular attention to a range of risks faced by the charity and has implemented measures to reduce or mitigate these risks

The main risks identified by the Board during 2024/2025 have been:

o Norton Virus software.

o Password protected.

o Password Protected.

• Installation of external camera system at the new premises: o The new facility is a rural location therefore it was deemed essential to provide external camera monitoring of the premises.

o Up to date and has been reviewed.

o Annual inspection carried out.

o Having an unpaid caretaker on site has helped ensure upkeep of the land.

o Office Risk Assessment.

o First Aid Policy.

o Health & Safety Policy.

o Office Environmental Policy.

o Privacy Policy Staff/Volunteers.

o Equality Diversity and Inclusion Policy.

o Communications Email and Internet Policy.

Page 6

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

d. Financial report

SCAF had an opening balance in the business current account on 1st April 2024 of £5,795 and a closing balance on 31st March 2025 of £7,267.

In addition, the Instant Access Account had an opening balance on 1st April 2024 of £10,558 and a closing balance on 31st March 2025 of £18,374.

In July 2024 a new account was opened for the Living Landscape project with £7,500 and a closing balance on 31st March 2025 of £2,896.

SCAF funds are now held between the above 3 Lloyd Bank accounts.

£40,000 was transferred from the Brewin Dolphin portfolio into the Instant Access Account in May 2024 to cover projected running costs of the charity for the next 12 months.

The balance of funds was held in a portfolio with Brewin Dolphin however SCAF trustees took the decision to move the portfolio funds to Rathbones during July 2024. The value transferred was £319,240 and the value on 31st March 2025 was £278,931. In addition, £5,000 is transferred monthly from the portfolio to cover SCAF running costs. The portfolio funds fluctuate with volatile economic times but there is currently sufficient surplus to allow the charity to continue with a variety of projects.

The main areas of expenditure continue to be the Curator’s wage and the Artistic Director’s fees along with projects to promote the work of SCAF in particular the Emerging Artist Award. This continues to be a very successful and popular award with relatively low costs.

The 2024/2025 award was once again hosted in person and was well received with a good turnout on the day. Storage of the art collection has been made easier with the purchase of the property near Thirsk and all additional building costs to convert the garage into an office for SCAF is now finished. This has allowed more efficient administration of the charity’s affairs and allow further expansion of the work of SCAF with new events planned and the ability to offer internships for art students.

The LLCP is a new initiative utilising some of the land for the community and growing foods which can be offered to the local community.

The property continues to be rented and SCAF receives a market value annual rent.

Page 7

THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

a. Constitution

The CIO is a registered charity, number 1168545 with the registration dated 1 August 2016.

Scott Creative Arts Foundation is a Charitable Incorporated Organisation (CIO) governed by a constitution registered with the Charity Commission on 1 August 2016. From the estate of Michael Reginald Scott, the charity received a pecuniary legacy of £1,000,000, a specific bequest of the lifetime works of Michael and Eileen Scott and, subject to a right of residence which has since been waived, the private residence, furniture, and personal effects of the late Michael Scott.

Scott Creative Arts Foundation has adopted the Foundation model of the CIO constitution, voting members are therefore the charity Trustees only. In accordance with the constitution Trustees may be appointed for an unlimited period and appointments are approved by the incumbent Trustees by way of a majority decision.

The Board of Trustees meets four times a year and are responsible for meeting the aims and objectives, ongoing viability, strategic development, and legal obligations of the charity. The Board of Trustees holds overall responsibility for the charity's continued success; it is vital that its Trustees have the necessary skills and knowledge to enable them to carry out this function.

During the period the charity had one paid part time employee and one paid part-time consultant. The Trustees performed the day-to-day management of the organisation.

The Board of Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

b. Reference and administrative expenses

Reference and administrative details are included within Charity Information, which constitutes part of the Report of the Trustees

c. Factors outside the charities control

Global and government instability has kept both private and business spending on the arts at low level.

Local Planning remains an issue in the Yorkshire region particularly with regard to allowing arts provision in rural areas.

Page 8

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

d. Long term effect on beneficiaries

• Through the SCAF EAA 2024/25 we have remained in contact with our finalists and promoted their work primarily through social media and our website.

• Our SCAF EAA 2024/25 finalists have permissions to use a video that we had professionally produced of the exhibition for their own promotional purposes.

• The SCAF Emerging Journeys Exhibition showcased the work of past SCAF EAA finalists and promoted their artistic practice through our social media, marketing and PR.

• The final piece from our SCAF EAA 2024 is now a part of the SCAF collection after SCAF purchased the piece.

• All of our SCAF EAA finalists will be able to book the office space for their own use e.g. to provide workshops.

• People within a 10 mile radius of SCAF can benefit from a food growing and sharing initiative and use of a community space.

• Students from regional universities will have the opportunity to take up internships with us to help launch their careers in the arts sector.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ K D Madeley K D Madeley (Aug 2, 2025 10:52:02 GMT+1) Keith Madeley MBE Chair

................................................ ue Dr Sue Armstrong unationg Trustee

Date:

Page 9

THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustees of The Scott Creative Arts Foundation ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Helen Robinson

Signed: Dated: Helen Robinson (Aug 4, 2025 08:19:05 GMT+1) Helen Robinson FCCA Armstrong Watson LLP Northallerton

Page 10

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Investments
3
Other income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net expenditure before net (losses)/gains on
investments
Net (losses)/gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
22,428
1,879
24,307
2,069
115,934
118,003
(93,696)
(5,969)
(99,665)
1,206,338
1,106,673		 Total
funds
2025
£
22,428
1,879
24,307
2,069
115,934
118,003
(93,696)
(5,969)
(99,665)
1,206,338
1,106,673		 Total
funds
2024
£
26,289
258
26,547
3,872
106,985
110,857
(84,310)
23,261
(61,049)
1,267,387
1,206,338

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 14 to 23 form part of these financial statements.

Page 11

THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation) REGISTERED NUMBER:

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets		 -
31,081
31,081
(5,467)		 2025
£
804,564
276,495
1,081,059
25,614
1,106,673
1,106,673
1,106,673		 1,163
23,730
24,893
(7,953)		 2024
£
802,648
386,750
1,189,398
16,940
1,206,338
1,206,338
1,206,338

Page 12

THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation) REGISTERED NUMBER:

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

2025 2025 2024
Note £ £
Charity funds
Restricted funds - -
Unrestricted funds 1,106,673 1,206,338
Total funds 1,106,673 1,206,338

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................
SueAumationg		 ................................................
Wendy McGrandles (Aug 3, 2025 20:04:26 GMT+1)
~~wt~~
Dr Sue Armstrong Dr Wendy McGrandles
Trustee Treasurer
Date:

The notes on pages 14 to 23 form part of these financial statements.

Page 13

THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The Scott Creative Arts Foundation is a Charitable Incorporated Organisation (CIO) and the registered office is The Old Barn, York Road, Thirsk, North Yorkshire, YO7 3AD.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Scott Creative Arts Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Page 14

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Taxation

The Charitable Incorporated Organisation is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charitable Incorporated Organisation is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property - No depreciation
Plant and machinery - 20% Straight line
Fixtures and fittings - 20% Straight line
Computer equipment - 33% Straight line
Artwork - 33% Straight line

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 15

THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.9 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3. Investment income

Unrestricted
funds
2025
£
Rental income
15,000
Investment income - subsidiaries, associates and connected companies
140
Dividends from investments
7,288
22,428
Unrestricted
funds
2024
£
Rental income
15,000
Dividends from investments
11,289
26,289		 Total
funds
2025
£
15,000
140
7,288
22,428
Total
funds
2024
£
15,000
11,289
26,289

Page 16

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
4.
Other income

Other income
Other income
5.
Investment management costs

Investment management fees
Investment management fees		 Unrestricted
funds
2025
£
1,879
Unrestricted
funds
2024
£
258
Unrestricted
funds
2025
£
2,069
Unrestricted
funds
2024
£
3,872		 Total
funds
2025
£
1,879
Total
funds
2024
£
258
Total
funds
2025
£
2,069
Total
funds
2024
£
3,872

Page 17

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2025
£
Wages and salaries
19,391
Management and premises expenses
44,641
Depreciation
5,888
Bank charges
260
Rent, rents and water
5,165
Insurance
3,272
Repairs and renewals
8,954
Travel, subscriptions and sundry expenses
6,792
Printing, postage, stationery and advertising
12,455
Accountancy
3,872
Computer and telephone expenses
5,244
115,934
Unrestricted
funds
2024
£
Wages and salaries
14,837
Management and premises costs
42,021
Depreciation
4,326
Bank charges
141
Rent, rates and water
6,646
Insurance
5,371
Repairs and renewals
6,856
Travel, subscriptions and sundry expenses
3,891
Printing, postage, stationery and advertising
11,918
Legal and professional
50
Accountancy
3,754
Computer and telephone expenses
7,174
106,985		 Total
2025
£
19,391
44,641
5,888
260
5,165
3,272
8,954
6,792
12,455
3,872
5,244
115,934
Total
2024
£
14,837
42,021
4,326
141
6,646
5,371
6,856
3,891
11,918
50
3,754
7,174
106,985

Page 18

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities

Wages and salaries
Management and premises costs
Depreciation
Bank charges
Rent, rates and water
Insurance
Repairs and renewals
Travel, subscriptions and sundry expenses
Printing, postage, stationery and advertising
Accountancy
Computer and telephone expenses		 Activities
undertaken
directly
2025
£
19,391
44,641
5,888
260
5,165
3,272
8,954
6,792
12,455
3,872
5,244
115,934		 Total
funds
2025
£
19,391
44,641
5,888
260
5,165
3,272
8,954
6,792
12,455
3,872
5,244
115,934
Wages and salaries
Management and premises costs
Depreciation
Bank charges
Rent, rates and water
Insurance
Repairs and renewals
Travel, subscriptions and sundry expenses
Printing, postage, stationery and advertising
Legal and professional
Accountancy
Computer and telephone expenses		 Activities
undertaken
directly
2024
£
14,837
42,021
4,326
141
6,646
5,371
6,856
3,891
11,918
50
3,754
7,174
106,985		 Total
funds
2024
£
14,837
42,021
4,326
141
6,646
5,371
6,856
3,891
11,918
50
3,754
7,174
106,985

Page 19

THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Trustees' remuneration and expenses

During the year one Trustee was remunerated for work completed on behalf of the Charity (not for their role as Trustee) to the value of £33,257 (2024: £32,334).

During the year the Trustee, S Armstrong paid rent amounting to £15,000 (2024: £15,000) to the CIO.

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .

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THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Tangible fixed assets

Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
property
£
797,149
-
797,149
-
-
-
797,149
797,149		 Plant and
machinery
£
2,910
3,400
6,310
1,746
1,262
3,008
3,302
1,164		 Fixtures
and fittings
£
24,952
2,604
27,556
23,891
1,461
25,352
2,204
1,061		 Computer
equipment
£
12,182
-
12,182
11,246
468
11,714
468
936		 Artwork
£
11,682
1,800
13,482
9,344
2,697
12,041
1,441
2,338		 Total
£
848,875
7,804
856,679
46,227
5,888
52,115
804,564
802,648

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THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10.
Fixed asset investments
Cost or valuation
At 1 April 2024
Additions
Disposals
At 31 March 2025
Impairment
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11.
Debtors
Less than one year
Prepayments and accrued income		 2025
£
-
-
-		 Unlisted
investments
£
386,750
309,048
(413,334)
282,464
5,969
5,969
276,495
386,750
2024
£
1,163
1,163
1,163

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THE SCOTT CREATIVE ARTS FOUNDATION

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income		 2025
£
2,553
119
2,796
5,467		 2024
£
5,060
301
2,592
7,953

13. Summary of funds

Summary of funds - current year

General funds
General funds		 Balance at 1
April 2024
£
1,206,338
Balance at
1 April 2023
£
1,267,386		 Income
£
24,307
Income
£
26,547		 Expenditure
£
(118,003)
Expenditure
£
(110,857)		 Gains/
(Losses)
£
(5,969)
Gains/
(Losses)
£
23,261		 Balance at
31 March
2025
£
1,106,673
Balance at
31 March
2024
£
1,206,337

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
804,564
Fixed asset investments
276,495
Current assets
31,081
Creditors due within one year
(5,468)
Total
1,106,672		 Total
funds
2025
£
804,564
276,495
31,081
(5,467)
1,106,672

Page 23

2025-08-04

Final Audit Report

SCAF accounts for signing

Created: 2025-07-31 By: Helen Robinson (helen.robinson@armstrongwatson.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAiZIRk4Z2uZwINSx2KWRcpBI3ljHdNdCj

"SCAF accounts for signing" History

2025-07-31 - 12:00:56 GMT- IP address: 85.118.19.249

2025-07-31 - 17:37:07 GMT- IP address: 31.94.63.51

2025-07-31 - 17:39:30 GMT

2025-08-02 - 09:48:07 GMT- IP address: 82.28.81.110

Signature Date: 2025-08-02 - 09:52:02 GMT - Time Source: server- IP address: 82.28.81.110

Signature Date: 2025-08-03 - 19:04:26 GMT - Time Source: server- IP address: 95.146.176.104

2025-08-03 - 19:04:28 GMT

2025-08-04 - 07:18:13 GMT- IP address: 85.118.19.249

Agreement completed.

2025-08-04 - 07:19:05 GMT

18/11/2025, 12:48

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Charity Commission Annual Return 2025

THE SCOTT CREATIVE ARTS FOUNDATION Charity registration number: 1168545

Most of the information you give in this form will become publicly available on the Register of Charities. Any field that the Charity Commission will not display will be clearly marked.

This document is a record of the information provided in the Annual Return 2025.

PART A - Charity information

Financial period

Financial period start date

01/04/2024

Financial period end date

31/03/2025

Income and spending

Income £

£ 24,307

Spending £

£ 118,003

Number of contracts from government

How many contracts (other than grant agreements) did your charity receive from central government or a local authority during the financial period for this return?

0

Number of grants from government

How many grants did your charity receive from central government or a local authority during the financial period for this return?

1

Value of grants from government

What was the total value of the grants received from central government or a local authority during the financial period for this return?

£ 1,000

Income breakdown

Donations and legacies (excluding Endowments Received)

£ 0

Charitable activities

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£ 0

Other trading activities £ 0

Investments

£ 22,428

Other

£ 1,879

Grantmaking

Is grant making the main way your charity carries out its purposes? No

Recipients of grants

Please round all figures to the nearest pound (do not enter decimal points or commas). Individuals

£ 0

Other charities

£ 0

Other organisations that are not charities

£ 0

Trustee payments

Excluding out of pocket expenses, for what were any of the trustees paid during the financial period for this return? ⊠ c. Paid for providing goods and/or services to the charity or any of its trading subsidiaries or connected organisations Did any of the trustees resign and take up employment with your charity in the financial period of this return? No

Income from outside the UK

Did your charity receive income from outside of the United Kingdom in the financial period of this return? No

Delivering activities outside the United Kingdom

Did your charity deliver charitable activities outside of the United Kingdom in the financial period of this return? No

Spending outside of the United Kingdom

Did your charity spend funds outside of the United Kingdom in the financial period of this return? No

Total Spending outside of the United Kingdom

£

Trading subsidiaries

Does the charity have any trading subsidiaries?

No

Employment contract types

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People were permanently employed by your charity 1

People were on fixed-terms contracts with your charity

0

Self-employed people were working for your charity

2

Total overseas employees

How many of the people above work on behalf of your charity outside of the United Kingdom? 0

Total employee payroll

What was the total amount spent on employee payroll during the financial period relating to this return? £ 19,391

Employees' salaries

Did any of your charity's employees receive total employment benefits of £60,000 or more in the financial period of this annual return?

No

Governance policies

Internal charity financial controls policy and procedures Yes Safeguarding policy and procedures Yes Financial reserves policy and procedures Yes Complaints policy and procedures Yes Serious incident reporting policy and procedures Yes Internal risk management policy and procedures Yes Trustee expenses policy and procedures Yes Trustee conflicts of interest policy and procedures Yes Investing charity funds policy and procedures Yes Campaigns and political activity policy and procedures Yes Bullying and harassment policy and procedures Yes Social media policy and procedures Yes Engaging external speakers at charity events policy and procedures Yes

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Safeguarding

Has your charity provided services to children and/or adults at risk in the financial period of the return? No

External risk and impact

Donations Positive Other income - grants Positive Other income - contracts Not applicable Other income - investment Negative Expenditure on charitable activities Positive Expenditure on overheads Positive Number of volunteers Positive Number of employees Positive Number of trustees No impact Fundraising activities Positive Capacity to deliver services Positive Total service demand Positive

Volunteers

Excluding trustees, provide an estimate of the number of volunteers who carried out charitable activities on behalf of your charity in the United Kingdom during the financial period of this return? 12

Privacy statement

Any information you give us will be held securely and processed only in accordance with the rule on data protection. We will not disclose your personal details to anyone unconnected to the Charity Commission unless:

· you have consented to their release; or

· we are legally obliged to disclose them; or

· we regard disclosure as either (a) necessary so that we can properly carry out our statutory functions or (b) necessary in the public interest.

We may share and disclose information about you with relevant public authorities, regulatory bodies and agencies, outside the Charity Commission but only if:

· we can lawfully do so; and

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· we decide that disclosure is necessary for national security, crime detection, prevention, and law enforcement, or other issues in the public interest

Information we collect about you

We will use this information:

To enable us to carry out our statutory functions and duties;

This will include the following actions:

(a) update, consolidate, and improve the accuracy of our records;

(b) undertake crime detection and prevention and law enforcement and assist the third parties specified above to investigate or prevent crime and carry out law enforcement;

(c) data analysis, testing, research, statistical and survey purposes

Information we receive from other sources.

Information we receive from other sources

We may combine this information with information you give to us and information we collect about you.

We may use this information and the combined information for the purposes set out above (depending on the types of information we receive).

We will ensure that any such disclosure and use is proportionate; considers your right to respect for your private life; and is done fairly and lawfully in accordance with the data protection principles of the Data Protection Act.

The Data Protection Act 1998 regulates the use of 'personal data', which is essentially any information, however stored, about identifiable living individuals.

As a 'data controller' under the Act, the Charity Commission must comply with it. Any changes we may make to our privacy statement in the future will be set out in the replacement version of this form.

Please check back frequently to see any updates or changes to our privacy policy.

Declaration

This annual return has not been submitted and no Declaration has been made

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