2025 Redgvglopmènt Feasitility Study HELMSDALE HERITAGE AND ARTS SOCIETY (a company limited by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year ended 31 December 2025 timespan'-"~' Company registratlon number SC096873 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial stalements for the year ended 31 December 2025 Contents Page Trustees. Annual Report Independent èxaminer's report to the trustees Statement of Financial Activities 37 38 Balance sheet 39 Notes to the financial statements 41 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial ststements for the year ended 31 December 2025 Trustee's Annual Report The trustees, who are also directors for Ihe purposes of company law, present their report and thè unaudlted financial slatements of the charity for the year ended 31 December 2025. The trustees report complies wilh and includes the requirements of a Directors. rep(Yt In ac￿rdanCe with the Companies Act 2006. The financial statements have been prepared in accordanc8 with the accounting policies set out in note 110 the financial statements and comply with the charity's Memorandum and Articles of Association. the Companies Act 2006, the Charities and Trustee Investment {Scotland) Act 2005, the Charities Accounts {Scotland) Règulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102-). induding the provisions of section 1A relevant to Small Entities. and 'Accounting and reporting by Charitias: Slatement of Recommended Practice applicable lo charities preparing their accounts in accordance wlth the Financial Reporting Stsndard appllcable in the UK and Republic ol Ireland {FRS 102).. 1. Reference and administratlve details Reglstered charlty name Charlly registration number Company reglstration number Princlpal and registered offlce Helmsdale Heritage and Arts Society SC009796 SC096873 Dunrobin Street Helmsdale Sutherland KW8 6JA The Trustees The trustees who served the company during the period from 01 January 2025, and up to the date of signing the financial statements, were as follows= Dr V Checchia Mr A MacAuslan Ms A MacDonald Ms G Maxwell Dr J Mooney Dr l Robertson Ms C Whitfield Secretary Ms A MacDonald Ind8pendenl Examlner Kevin Leilch MA FCCA ATT Leitch Accountancy Services Limited 3 Beech Avenue Inverness, IV2 4NN HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Bankars Bank of Scotland Main Street Golspie, KW10 6RA 2. Structure. Governance and Management Governing document The Helmsdale Heritage So¢iety was fomally constltuled on 20 January 1986. The name of Ihe sociely was changed by Special resolution and registered with Companies House as H&lmsdale Heritage and Arts Society, on 17 September 2008. The society is govemed by its Memorandum and Articles of Association. The management of the society is the responsibility of the Board of Directors {also r8ferred to as the Board of Trustees) whith is elected under the terms of the artides of constitution. Structure The Company is non-profit making, has charitable status and is limited by guarantee. Legal Name though the legal name of thé company is Helmsdale Herltage 8nd Arts Society, It is frequently and mcrfe commonly referred to as fimespan. Managemont The board of trustees is non-executlve, un-remunerated and is as follows.. Name Posltlon Area of expertise Cofflmercial business, project management, c(Jnmunity Anson MacAuslan Chair (until June 2025} Chair (from June 2025} SeGretary Treasurer Jim Mooney Arts. academic, engagement Alison MaGDonald Human resources, employment law, business Accountancy, law, charities Conlemporary Art, critical theory, cUrat￿n Arts, business, community Herilage, education Catriona Whiffield Viviana Checchia Grace Maxwell laln Robertson From 2025 the procedure for the future selection and induction of new members of the Board was changed to open advertisement. in accordan￿ with best practice= HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Advertisements will be placed setting out the job descriplion and skills requirèd for new trustees. Potential new trustees will be se18Cted from the applicants according to the skills bas8 required for the Board. Those selected will be invited to attend and participate in a Board meeting. followed by a meeting with the Chair and another board member to discuss any issues or concerns which may arise. before a final offer is made. New trustees are provided with the Memorandum and Articles, current Business plan. minutes of previous Board meetings, policy documents for the organisation and handbooks. They are then ¢tropted onto the Board and fomialty appointed at the next AGM. The board has ultimate responsibility. The Dir8Ctorl Curator. Giulia Gregnanin, who is not a ember of the Board of Trustees and is not a company Director, is responsible for the day to day running of the Company. Other members of staff during the year were: Name Posiuon Finance Manager, Shop Manager, Front of House Manager Digrtal and Heritage Curator Design and Communications Manager Fundraising Manager and Grant funded Renovation Project Manager Marketing & Communlcations Officer Programme Cowordinator Front of House Manager Front of House Carolin8 Kelly Jacqui8 Ailken Laurie Brown Sam Ha￿lSOn Sofia Colrona Sinéad Hargan Karlyn Sutherland Jill Evèleigh Barbara Gray Penny Kane Lisa Macdonald Front of House Fronl of House Front of House Anne Rutt Front of House Anna Gillespie Viktoriya Kanashkova Shirley Kobiela Galina Popovska Anastasia Ulianytska Ulla Henderson Cafe Manager, Cleaner Cafe Assistant Cafe Assistant Cafe Assistant, Cleaner Cafe Assistant Cleaner Committ•es The nonwexecutive board is supported by an advisory group on heritage. and other lime and HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 objectivé specific committees as required. There 15 currently sufficient arts expertise within the board to obviate the need for an advisory group. Heritage Committee - development of communty projects, support of community archive. Friends of Timespan - raise much needed funds for our charitable organisalion. 3. About Timespan Background Timespan is a museum and cultural institution located in Helmsdale. We adopt a holistic approach, using arts, heritage, digitsl technologies, education, wellbeing, and community building as a catalyst for political. social, Cultural, environmental and communal change. Our initiatives are rooted in our local context and resonate globally, addressing urgent contemporary issues from an intersect￿nal perspective. We actively engag9 With ¢)ur and global communities lo effect meaningful dialogue and transformation. In a region marked by hlslorical Injusticés, defined as rural and remote, and affected by a lack of cultural services, Timespan serves as a vtt81 cultural hub, engaging over 20,000 people annually and reaching an online audience of 110,000 across various platforms. Our relevance is underscored by our shortlisting for the Art Fund Museum of the Year Award 2021. Our arts. educational. and communtty-led projects hav8 had a tangible impact on cultural enrichment, well-being, care an(J conviviality. Timespan's charitable purposes, in lerms of the Charities and Trustee Investment (Scotlandl Act 2005, are the advancement of education and the advancement of arts, heritage, culture or science. The general object of the Company is to advance the educalion of the public generally and particularly the inhabitsnls of Helmsdale and District for whom community cohesion is a priority, by the promotion of the history of the area and preservation of Ihe culture. heritage and artefacts of the Helmsdale area. To obtain artefacts (historical andlor archaeological) for public display, publish search done on such artefacts or other ilems of historical interést and support the fully a￿redited muséum in Helmsdale. Vlslon Our vision Is to be an institution of the commons.. a space where p80pI8 and communities can come together lo cultivate collaborative processes of kr)owledge exchange, resource sharing and learning. Working through culture, we want to rais8 questions and inspire people lo challenge the matricès of oppression, to build a jusl worfd together. Values Equity, divorslty, Inclusion. fair work and sustainabilhy Ile at the heart of everything we do, and the following values guide us.. Aeeess.. Ensurlng th8t everyone feels welcome and included, with equitable opportunities for participation and engagement. Solidarity.. Standing logether in mutual support and unity, particularly in times of challenge. Klnshlp and Care.. Taking care of each other, of thè planet and building deep connections. Tyansformatlon." Empowering people to enact positive change towards a more equltable and sustainable future. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statemenls for the year ended 31 De￿rnber 2025 Timespan's Programme, Highlights and Achievements Programme dellvery 2025 2025 marked another significant year for Timespan, defined by major investrnenl, slrategic development, national recognition. and an ambitious public programme. Timespan was one of 251 organisatiorTrs awarded Creative Scotland Mulli Y8ar Funding, securing essential core sUPPOrt for 2025 to 2028. This was a crucial achiev8ment for the organisation's Stability and sustainability, enabling Timespan to continue operations and develop its integrated programme across herilage, contemporary art, digitsl research, leaming, wellbeing and Gommunity participation. 2025 also mat1(ed the first year of support from the Paul Hamlyn Foundation's Arts Fund, a Ihree year award that will st￿ngthen Timespan's social impact work across generations through expanded community activiiy and cullural provision. This support recognised fimespan's distinctive role as a rural museum and arts organisation based in H8lmsdale, with a Programme that connects local histories and lived realities lo wider regional, national and international questions. As noted by Paul Hamlyn Foundation, Timespan challenges expectations of what is possible in a small remote community through work grounded in climate justice, exploitation, gender inequality, anti racism, and a commitment to sustaining cultural communrties. During the year, Timespan made important progress in its long tem) organisational development. Assemble and Office Corr Higgins were appointed lo lead the feasibility sludy for lh8 redevelopment of Timespan's buikling, and in December 2025 the study was completed. This marked a major milestone in rethinking the organisation's future infrastructure, setting out a vision for a more accessible, sustainable and resilient building that can better support Timespan's programme and civic role. Timespan was also selected for Delivering Change.. Museum Transformers, a national anti oppression programme led by Museums Gallert8s Scotland. supporting the organisation to embed access, inclusion and human rights more deeply across ils work. Alongside this, the organisalion cornpleted its Museum Accreditstion Retum and carried out a significant store refurbishment and collections ￿re programme, improving wnservation conditions, storage systems and long term access to the collection. Timespan also entered a new phase of inlemational collaboration. In 2025, the organisation joined the HERITALISE consortium, a four year Horizon Europe research project focused on advancing digitisation. visualisation and Al assisted tools for cultural heritage. As a pibt partner. Timespan began developing use cases from ils collections and archive in Collaboration with the Universty of St Andrews. ensuring that Nral museums are part of shaping the future of European digital heritage infrastructure. In Odober 2025, Timespan hosted the HERITALISE General Assembly In Helmsdale. welcoming researchers, artists and cultur81 organisations from across Europe and demonstrating how a small rural museum can act as a significant convenin9 space for inlemational research, while connecting digilal innovation to local histories, landscapes and communty knowledge. Alongside this strategic development, Timespan delivered a wide ranging and critically engaged public programme. A major highlight was Red Herring by Joanne Coates, an exhibilion examining women's labour and class solidarity Ihrough the legacy of the Herring Girls. The exhibition was accompanied by a rich public programme, including the sa￿ & Silver festival, curated by Joanne Coales, which brought together talks, 5creenirngs, workshops, walks, processions and collective gatherings to explore labour history, class, gender and solidarity. Later in the year, Timespan presented kar by Alex Sarkisian, an exhibition and film work exploring cultural erasure. ancestral memory and land justice through connections be￿een Western Amienian histories and the Highland Clearances. Timespan also hosted Rural Spot.. PolFtics of Craft at Samhain, a three day programme developed as part of the European research project Culturality, bringing together local HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 makers, artists, researchers and communities through workshops. markets. talks and seasonal celebration. The People's Mobile Archive conlSnued to exp8nd ils reach through screenings, events and communty engagement aclivity, and in 2025 received the Museums Association's Best Small Museum Award. This national recognition affirmed the significance of Timespan's approach to connecting heritage, care and community in the Highlands. Alongside thi5. the organisation continued to develop partiGipatory collections work through Re.'Collection, a project that revlsits Timespan's collections through Ihe lenses of climat8 justice, colonial legacy. gender inequality. land and sea extractivism, and coastal community lrfe. Supported by Esmée Fairbaim Foundation. this work brings local and intemalional perspectives into dialogue and strenglhens community participalion in collections research. int6rpretalion and storytelling. Across the year, Timespan continued to deliver year round community and learning activity, including Community Cinema screenings, the Climate Justice Reading Group. the Talking Objects series. poetry workshops and publication, and the Climate Justicé Podcasts developed with Helmsdale Primary School. These programmes created opportunities for intergenerational exchange, ¢reative participation and uitical discussion, connecting local heritage and everyday experience to wider questions of climate, labour, migration and social justice. Seasonal and community celebralions, including the Summer Opening Party and the Christmas Highland Ukrainian Party, further s￿ngthened Timespan's role as a welcoming civic and cultural space. Timespan also contlnued to contribute to wider sector and public debate. In 2025, the organisation took part in the Scottish Parliament Cross Party Group on Culture and Communities. contributed to Museum Ideas at Wellcome colle￿lon, and participated in public discussions on land reform and resistan￿. Through these contributions, Timespan continued to position rural practiGe V￿thin natwjnal conversations on culture, justice. democracy and the future role of museums. 2025 demonstrated Timespan's abilty to combine local relevance with national and intemats'onal reach. Through major funding awards, organisational development. collections care, public programming, international partnerships and community rooled practice, Tlmespan str6ngthened its position as a rural museum and cultural organisalion working t¢)wards a more just, connected and sustainable future. Hlghllghts and achievements Arts Fund Paul Hamlyn Foundation January 2025- December 2027 In 2025 Timespan secured a £230,000 multi year award Irom th8 Paul Hamtyn Foundation's Arts Fund, supporting our work from 2025 to 2027 to deepen social impact through culture. The investment enables us to expand community programmes and sustain provision across generations. including new out of school activities for young people. ongoing wellbeing work with older residents, and an er)hancod cultural offer through exhibitions, talks. screenings and perf0M￿n￿$, strengthening our integrated museum and cultural model in a rural and remote contexl. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 11 Horltalise Horizon Europo Consortium January 2025- DeGember 2028 In eady 2025, Timespan began work as a Scottish pilot slts for HERITALISE, a Horizon Europe funded consortium advancing digitisallon. visualisation and Al assisted dala processing for cultural heritsge, designed to feed into the European Collaborativ8 Cloud for Cultural Heritsge. Following the kick off meeting on 24 January 2025 in Bar￿IOna, fimespan started preparing use cases from our collections and archive. working closely with our associated partner University of St Andrews. The wider consortium brings together Idp Ingenieria Y Arquitectura Iberia SL, Fundacion Tekniker, Fundacion Santa Maria la Real del Patrimonio Historico, and Comet Global Innovation. Consorzio delle Residenze Reali Sabaude. Polilecnico di Torino, La Venaria Reale, Herllage Malts, Building Digital Twin Association, Open Geospatial Consortium Europe. European Innovation Marketplace ASBL, Technologiko Panepistimio Kyprou. Europeana Foundation. Stichting European Museum Academy, and the West Highland Museum. Across lour years, this partnership will test and refine tools in real museum contexts, ensuring rural organisations like Timespan can shape European digital heritsge infrastructure whlle strengthening long lerm a¢￿SS, resilience and stewardship. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statemenls for the year ended 31 December 2025 Appointmont of Assemble and Offico Corr Hlgglns Feaslblllty Study for Timgspan's Capltal Redovolopmènt January 2025 In January 2025 Timespan appointed Tumer Prfze winnirKJ practice Assemble, working with Offi Corr Higgins, to lead the first phase of our capital redevelopment through a RIAS competition process. The team was commissioned lo deliver a feasibility study for our 600 rf walerfronl site In Helmsdale. with a brief focused on improving sustainabilty, accessibilliy and communities 8ngagement, and on strengthening facilitl8s for visitors and staff within our former he￿ing curing yard building. The feasibility sludy was supported by Museums Galleries Scotland and the National Lottery Heritage Fund, to develop design options and ¢ostings to RIBA Stage 2, providing Ihe evidence base for future investmgnt decisions. Multl-year Fundlng Creativé Scotland 2025 - 2028 In January 2025 Timespan secured Multi Year Funding from Creative Scx)tland, woviding £710,941 of core support over the year$ 2025 to 2028 and giving vital stability after a sustained period of financial pressure. This investment underpins our day to day operations and enables us to k88p developing an ambitious, integrated programme across arts, heritage. digital technologies, education. wellbeing and community building, tackling local issues with a global perspective. Creative Scotland's decision recognises Tirnespan's long lem vision to grow as an Institution of the Commons. and reflects the collective work of our staff team, volunteers, trustees. artists and community. 10 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial ststements for the year ended 31 December 2025 BE PART OF", THE CHANGE Dftllvering Changg Musoums Transformer Programme 2025- 2027 In 2025 Timespan was selected as one of 17 organiSat￿nS in Delivering Change.. Museum Transformers, Museums Galleries Scotland's anti oppression programme supported by The National Lottery Heritage Fund and the Scottish Govemment. Through a struclured programme of coaching, reflection and peer lo peer support, this investment slrengthens our stsff capacity lo tum access and inclusion pri)rities into embedded practice across our museum. public programme, partnerships and workforce development. The programme supports Timespan to deepen authentic relationships with local communities, widen participat￿n. and build sustainable organisational change grounded in human rights and anti oppressive approaGhes. Pre&èfving A Plate.. G?ellc place & Clts•t* Change TbJkÈd&y ljttt Fibruary ..JD-7..45pJll Preserving A Place: Gaelic Place Namès & Cllmato Changfr 13 February 2025 With the Glasgow Zine Library w8 expbred the Gaelic language arKJ Ihe legacy of place names, examining their intrinsic value in helping us understand climate change, land use, and colonialism. as well as Ihe Gaelic folklore thal inspires climate justi￿. zine-making and community action. This session was online and in¢luded examples from East Suthertand and Glasgow and was hosted by Jacqui8 Aitken. Digilal and Heritage Curator. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 IN-BETWEEN FILM FESTIVAL Feattjrlng three short lilms by loc31 f ilmm8kers created ès part of the Poetic Film School Trnltlatlve Includlng.. TEND Sat 22nd Feb 6:30-8:30pm THE FARR OGHAP4 PLIGHTING THE ORDAN LUIRG 5PQn In Between Film Festival 22 February 2025 The screening included three short films 'TEND', THE FAR OGHAM, and 'PLIGHTING THE ORD AN LUIRG. created as part of the Poetic Film School inltlative supporting local filmmakers in training sessions al Timespan, Lairg & District Learning Centre and Strathnavèr Museum. The films explore local stories. such as that of th8 nurse Ishbel Macrae IMa¢leod), and showcase Ihe work of filmmakers as part of our community. 12 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 The P•oplo's Mobil• A￿h1ve TIMESPAN. CINEMA ' 2025 Community Clnema Timespan's Community Cinema presents fortnightly, bw barrier film sGreenings that bring people together to explore climate crisis. labour and social justice through international documentary and archival film. Each screening is followed by The Vol￿S that Shaped Us in the Library Loung8. an infomial discussion space for sharing storf8s and r8fl8Ctions. N.DAM THE • LAMATH NOVI 1 MarGh 2025 - Th8 Ant and the Grassho Ra Patel and Zak Pi A documentary following Anita, a farmer in Malawi, as she challenges gendered labour roles and confronts drought and fboding driven by the Climate Grisis, later taking her testimony to audiences in the United States. 13 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 8 March 2025- Scottish archive rammg Neil Gunn.. Light in the North (22 mlns). Caller Hemn (1947, 18 mins), and Kippers (1952, 7 mins). A short film seleclion linking Highland literary and polilical history to fishing heritag8. labour and coast81 life, connecting lo¢al memory to wider social change. A rll 2025- Meta sis Nova Ami and elcr WRI r Canada min A visually rich film on how environmental crises are reshaping society, weaving voices from artists. scienlists, thinkers and children to consider systemic change, resilience and possible futures. 025- Eatin Ser o Mata'u Ra us 75 ins A portrait of Rapa Nui (Easter Island) facing environmental and social straln under rapid tourism growth and development. prompting discussion on sustainability, extractive economies and community agency. Climate Justice Reading Group Altrernating Thursd)ys 2-3pm rn Timespan 5 Librory Loun9e Climate Justlce Reading Group A relaxed facilitsted group using short texts to explore climate justice through different perspectiv8s, induding colonisation, labour, ecology and Indigenous knowlèdge. 17 A ril 2025- Remote Islands and Climate Refu ees Virtual tour and readings from Judith Schalansky's Pocket Atlas of Remote Islands. linking remoteness, colonisation and climate displacement. 1Ma 2025- Salt in M Wounds Archival eviden￿ on herring gutters, injuries, access to healthcare. and struggles for workers, rights. 15Ma 2025_ Sea rass and O sters Focus on Restoration Forth (launched 2022) and community led habitat restoration in the Firth of Forth. 29Ma 2025- Women Wntin for Climate Justice Readings by women writers addressing the climate crisis. nature exploitation and altemative futures. 14 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial staternents for the year ended 31 December 2025 Talking Objects: Shared Memories & Stories Aheinating Thursdays 2-3pm In TSmespan'5 Llbrary Lounge Talking Objects: Shared Memorles & Stories A collections based conversation series using artefacls and archival material to prompl storytelling about everyday life, work, village change, and l(xal environmental shifts. 24A ri12025 - Chan in L8nds¢a Using historic maps to trace land use change in Kildonan and Loth, including agriculture. industry and deforestation. 8 Ma 2025 - Waves Wind and Clouds Exploring weather and climate change across 250 years through archival images of snowstorms, floods and heatwaves. 22 Ma 2025- Workin Claes, Looking at working clothing from the collection and discussing textile production, durabillty and Scotland's colonial trade links. 5 June 2025- Son of Pmtests Local music and protest songs as tools for collective voice and social change. Musoum Radevalopment Consullatlon 1 7, 8 MarGh 2025 In March 2025 Timespan held its first community consultation for the building redevelopment, led by Assemble and Office Corr Higgins and bringing together local residents, audiences and staff to shape prioritles for the refurbishmenl. The session looked closely al how the building curr8ntly functions and whal it should offer local, national and international communities, ensuring the redevelopment is grounded in shared needs and aspirations. Earfy feedback highlighted the need for improved facilities. rnore sealing and social space, @nhanced museum displays, stronger provision for young people, and better green spaces. 15 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Joanne Coatss Red Hefflng 29 March - 26 October 2025 Timespan presented Joanne Coates.. Red Hernng. an exhibilion developed through Joanne's six month residency in Helmsdale that examined women's labour and class solidarity through the legacy of the Herring Girls. Combining photography, inslallation, ￿rami¢s. archival material and performance. Joanne's exhibition reclaims working class women's histories. foregrounds collective resistance including the 1936 Greal Yamiouth strike, and connects Helmsdale's local experience of the herring e¢onomy to wider transatlantic systems of labour and extraction. The exhibition was Created Joanne through archival research and community collaboration, including a newly commissioned Herring Crown created with Helmsdale Primary School and Patricia Neimann, and a participatory programme that invited residents and visitors to contribute portraits and stories to a living local archive. -Jiih e%hibition openilig for JOANNE COATES I RED HERRING. MADE IN H￿LM5DALE , CHOIP. REFRESHMENTS. LIVE fvlUSIC & DJS 16 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Summer Season Oponlng Party 28th March On 29 March 2025 Timespan launched the 2025 summer season with an evening opening party that combined public celebration with programme delivery. The event marked the opening of Red Hemng by Joanne Coates, and provided a plattorm to acknowledge ongoing support from Cr8alive SCotlar￿, alongside a mixed programme of cultural activty for all ages. Highlights included a performance of traditional He￿Ing Girls songs by the Made in Helmsdale Choir. an affordable shared meal, and an evening of liv8 music featuring lo￿1 young musicians followed by a DJ set. supporting community connection and local talent. POETRY WORKSHOPS serles of free poety wrlylng workshops wllh poet ond 1*5*yrch4r cait O'Nelll M¢Cullagh. We w411 be exWorln9 mor¢ 5Uit4lnlDq SU5tthable rrAtstlonships With on, and In thE s•a thfOU9h compo&n9 new rnarltlm• mylknla91•s irtsplr￿ bv H•lYnsd•lt's ys15 Hnd insplrlng rnoi• pg£slbl¥ I￿1￿r•S for the orh4. Thtworkshop5 wlll culErfTrBle In publlc•tlon of panirlp••is' po•ms. and ¥ e•iiidh te￿1**1￿9 porlorvnances ol ihw49 OF PEOPLE AND THE SEA Wed 19th March 10am-1pm Wed 26th Maich 10am-Ipm Wed 2nd Aprll 10am-Ipm Wed 9th April Of Peoplo and Soa Poetry Workshops 19 March, 26 March, 2 Aprll, 9 Aprll Between 19 March and 16 April 2025. Timespan delivered Poetry of People and the Sea. a Programme of poetry workshops led by poel and researcher cait O'Neill Mccullagh. Across four weekly writing workshops and a performance workshop (19 March to 9 April), participants developed new poems responding to Timespan's maritime collections and archival images. exploring ecopoetry, coastal k)re and the creation of new maritime mythologies that connect local histories to climate and social futures. The programrne culminated in a new community publication, distributsd to 200 plus households in Loth and Kildonan and stocked in the Timespan shop, with Ihe book also serving as a tribute to Helmsdale community advocate Gary Macmillan. Poelry of People and the Sea Op8n Mic Event on Saturday. 31st of May. 7 PM 10 9.30 PM. 17 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 •Ir9v￿rt9Ya1hry￿ After Glass R4i4EL IICSRINN & ALISON SC07 Travelling Gallory 2 Afjay 2025 We partnered with Travelling Gallery, Scotland's gallery in a bus louring since 1978, to bring a free contemporary art exhibition to Helmsdale Harbour. The Tr8velling Gallery bus hosled new collaborative work by artists Rachel McBrinn and Aison Scott, developed from research inlo the recent decornmissioning of the glasshouses al St Andrews Botanic Garden and the layered histories of these structures. The event provided an accessible, drop-in exhibition experience in public outdoor setting, expanding conlemporary art access for local residents and visitors. li Cllmate Justico Podcast5 Aprll 2025- Aprll 2026 Timespan partnered with Helmsdale Primary School to launch Climate Justice Podcasts. youth led series created by pupils aged 9 to 11 that builds digital skills while opening up local conversation about climate change in a remote Highland wntext. Pupils learned microphonè 18 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 technique. basic audio recording and interview practice, devèlopèd their own scripts and question sets. and led their first inlergenerational interview session with four lo¢al residents. using prompts on childhood winters, music. lived experience and observed environmentsl change. The series will expand to further ir)terviews with community members and regional climate and biodiversity organisations. alongsid8 artists and writers, with completed episodes shared on audio platfomis to support climate adaptation discussion and community action. DAUGHTERS OF TH& NORTH: JEAN GORDON & MARY, QUEEN OF SCOTS by Jennifer Morag Henderson Jofn a¢¢laimtsd h￿l0113Th atrthor Jenniler fvlora9 HpndeFscn Ic*Ebscu5s her book,'D3ughiers of fhe North. thioThding the Il¥es DfJeAn Gordcii, Co¥ntpss of Suther￿nd and Mary.QueÈn ol ScotL Sat12th April, 11am-Ipm at Timespan Daughters of the North: Jean Gordon & Mary. Quoon of Scols Jennifer Morag Henderson 12 April 2025 Timespan hosted a public aulhor talk with Jennrfer Henderson to mark the launch of the new paperback edilion of Daughters of the North. The event introduced audiences to Henderson's biography of Jean Gordon, Countess of Sutherland, and reframed a well known period of Scottish history by centring women's lives, power and agency. Through Jean's story, the lalk Iraced conr78clions between Mary, Queen of S¢ots' court and the politics of the far north, including kinship, feuds and territorial c¢Mflict, and explored Jean Gordon's legacy for the Earldom of Sutherland. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Stor• Room Refurbished May 2025 Thanks to the support of the Associalion of Independent Museums, The National Archlves, and the Baxter Foundation completed a storeroom refurbishment and collection care programme, resolving damp and a mould outbreak and returning the collection to fit for purpose storage. Floor and frttings have been upgraded, new shelving and workstations installed. and we improved environmental control with a dehumidifier. thermostatic heating and LED lighting. With guidance from conservation specialist Jeanette Pearson (High Life Highland), staff and voluntèers cleaned and repacked 3,000 plus objects using conservation grade materials, improving ac¢ess. handling safety and long tèrm preservation. T3mèspan is ÈmbwkiTrg on an EXCITING Nay REDESIGN and we wanttts HEAR FROMYOUI Come and MEEfTHEARCHITECTS to flnd out more at one of our vpcgming consultstlon dbys atfim•span on Frl May 9th 11:30am-1.30pm Sat M8y10th 11:30am-1-30pm ln these Second cOnsu￿tIons. we'll focus on protti¢al design idEes *he buildin9'5 iedev?lopmenl- f¢om how spaces could V￿Orkbette[. matwlals we might us4 and how to rnakethe most oflhÈ sttre. Timespon. Dsjfiroknn St￿tt. Hdrnsdèle, KW8 6JA IAuseum Red8vèlopmenl Consultation 2 9-10May2025 Our second community consultation allowed people to come along 2nd share ideas about how current spaces could work better, whal materials they would like to see used in the redevelopment, and how to make the most of the site. 20 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Medlterrnnea 20 Young Artlst Blennale Timespan sustained its participation in the BJCEM nelwork and supported Intemational visibility for arlisls based in Scotland, including celebrating Emma Lewis Jones representiTr3 Scotland at BJCEM Mediterranea 20 - Young Artists Biennale. For the biennale, Lewis Jones presented two large tubular fiags or windsocks installed outdoors, made from found hi visibility workwear and urban flotsam. The work reframes the flag away from nationalism and territorial power. using movement, weather and reused material to signal urgency. change and collective resF>onsibility, aligning with the artist's wider practice across performance and installation grounded in social justice and community responsive methods. Book Launch And The Shepherd Sang 3 June 2025 rimespan hosted the launch of And The Sh8phèrd Sang.. Th8 Momoirs of Colin M8cDonald, Sutherfand Shepherd, edited and published by his son Alexander James MacDonald. The event shared first hand accounts of estate lrfe, rivers and moorland work in Sutherland through readings and conversation. offertng audiences a grounded social history shaped by local vol￿. memory and place based knowledge. The evening included a talk, storytelling and a book signing, with copies available for purchase. supporting both community heritage 8ngagement and earned income through retail. 21 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Scottish Parliament Cross Party Group Culture & Communities 5 June 2025 Timespan's Director and Curator, Giulia Gregnanin, was invited to speak at the Scottish Parfiament's Cross Party Group on Culture and Communities, contribub'ng to a session on the role of Cultural institutions in countering isolatlon, deepening division and the rise of far right narratives. Speaking from Timespan's rural context in He1rn5dale, she set out an approach to culture that does not aim to smooth over conflict, but to hold complexity, surface power and inequality, and create conditions for unleaming and shared futures. The contribLrtion posits'oned museums as never neutral, particularly in places shaped by land dlspossession. extractive economies and reduced public Servi￿S, and framed Timespan's work as civic infrastructure that connects local histories to wider movements for justice. IV Salt & Silver Festival 20-22 June Salt and Si￿er Festival was a three day public programme of talks, workshops and partiupatory events developed as a public programme of the exhibition Red Hemng by Joanne Coates. The 22 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 festival combined artist-18d and research-led activity with community celebration= sessions explored the Herring Girls, labour conditions, class polilics and women's organising. alongside practical making and writing workshops that supported storytelling and intergenerational exchange. It also included live moments of collective gathering, with opportunities for shared food. music and infomial discussion, and outdoor activity that ¢onnected local tradition to Ihemes of care, renewal and solidarity. Events part of the festival: "Silver Dau hters- with Beverle Carruthers Duncan Foths Screening of Guttin. Quines {20251 and presentation of the sound work Gu'un the Fish n'that 12024). followed by a Q and A. "A Kind of Freedom.. Stories from the Herrln Girls. with Dr Jill de Fr8snes Multimedia talk drawing on oral histories, interviews and photographs to explore how herring girls lived, travelléd and worked. and the forms of freedom. joy. hardship and community they built. Red Herrin exhibilion tour with Joanne Coates Giulia Gre nanin A Transversal Readin of Class with Jennifer Jasmine White Yvette Ta Hussein Mitha. Chaired b Joanne Coates Giulia Gre nanin Panel and audience discussion on how class is embodied, narrated and resisted, 8xamined through intersections with gender, race and sexualily, and linked to solidarity building across local and intemational struggles. lor Fadzai Mwakutu Solstice Ceremon and cession with Mlrren Kesslin Procession through Helmsdale to the shore via sites linked lo herring girls, histories. followed by meditstion. collective wishing and a reimagined, Lx)Ilective crowning ritual using the Herring Crown. Solsllce 8arb8cu8 Poet and Music Cait O'Neill Mcculla h with local A ril Sutherland & Aileen O ilvie. With su rt of Friends of Times an els and music from Words from the Shore With ital Curator Jac uie Aitken nd artist JJ Fadaka Heritage walk connectin9 local shoreline sites. collection knowledge and conlefflporary stories, paired wilh spoken word performance on labour, resislance. solidartly and hope. 23 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 TALK LIGHT LUNCH & MINIBUS TOUR: LOCAL HEROES OF THE llAND QZFORM MOVEMENT Celebrate tho legacy of the Hi9hland Land League and the crofters, fight for justice wilh talks bv AUd￿V tvlunro and Esther tkqacdonald, light lunch, 8nd minibus tour of h&5ttiric 51tes ielated to the Highland Land League. Saturday 28th June 11am-3.30pm Local Heroe$ of the Land Rofonn Movèment 28 June 2026 A half day public programme exploring the Highland Land League's local history and legacy in Kildonan and Lolh. The day combined two illustrated talks by retired ioumalist Audrey Munro and lo¢al historian Esther Macdonald sharing biographi¢al and plac8 based research on key land leaguers, crofting communities and political organising, including figures such as Donald Watson, Angus Sutherland MP and John MacLeod MP. A pay what you can Irghi lunch created space for informal discussion, followed by a guided minibus lour to Gartymore and West Helmsdale, visiting significant sites including land leaguers. homes and the Land League Cairn on the croft of John Fraser, linking archivé knowledge to landscape and lived heritage. Rallway Hlstory by Mi¢hao1 Willmot 5 Juty 2025 A talk by Michael Wlllmot of Helmsdale Station CIC, delivered as a conlribjtion to RaifrNay 200, the bicentenary of passenger carrying raI￿ayS. Drawing on railway posters from the last bNo cenluries, Willmot explored how adv8rtising shaped publlc attitudes lo rail travel and revealed changing ideas about technology, design and everyday life. Through poster athorks and their captions, the talk traced advances in eTrgin88ring and graphic communication. alongside the social concems reflected in contemporary slogans. The evenl connecled local railway heritage wth wider national histories and showc2sed a rich visual ¢ulture of poster dgsign across a 200 year period. 24 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Scottish Land Reform and Resistance ¥£$f Scottish Land Reform and Resistance S July 2025 In 2025 Timespan contributed to national sector dialogue on land justice through a panel contribution by our Digital and Heritage Curator, Jacqueline Aitken, at Glasgow Zine Fest (Glasgow Zine Library). The panel. Scottish Land Reforn and Rg&stance, brought tog8th8r speakers with perspectives from Skye, Sutherland and Lewis to examine historic land injustice. the role of women in land resistance, and the Continuing relevanc8 of community18d action including buyouts in Ihe context of concentrated prlv8te land ownership. The sesslon also highlighted song and writing, including Ga81ic material. as tools for sustaining cultural memory and public understanding. informing the development of related themes within Timespan's Library Lounge programme. Museum Redevelopment Consultatlon 3 22 July 2025 Our third public consultation building on earlier events in ord8r to inform the conclusions of our feasibility study. 25 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial ststements for the year ended 31 December 2025 Holmsdale Hlghland Games 15 August 2025 Timespan took part in the Helmsdale and District Highland Games in 2025 with a public engagement stall that shared local heritsge through an accessible display of archival and school photographs, selected collection objects, and local history books and photo books for sale, supported by a Prize raffle. The stand created a welcoming space for informal storyt811ing and community knowledge sharing, and featured the Herring Crown, a new commission developed by artist Joanne Coates with Helmsdale Primary School and jewellery maker Patricia Niemann as part of Red Herring. By presenting the crown alongside children's workshop outcomes, the Games activation connected th& contemporary exhlbltlon to vlllage lrfe and strengthened intergenerational participation. the DUCK Saturday 20th July from 2pm Duck Race 26 July 2025 The Friends of Timespan delivered the annual Duck RaGe, a ¢ommunity fundraising event designed lo bring residents and visitors together through low barrier activity ft)r all ages. The afternoon programme included a barbecue, face painting, and the Duck Race itself. with ducks launchèd from Telford Bridge and prizes awardéd. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Archaeology and herltage aspects of the Spittal-Beauly appllcatlon and objection procedures 27 August 2025 Timespan hosted a public infomialion meeting on the archaeology and heritage implications of the proposed Splttal to Beauly route, with a focus on impacts across the parishes of Loth and Kildonan. The session brought local heritage groups and residents together to understsnd FQtenlial effects on nationally protected and locally signrficant archaeological landscapes and historic sites and provided practical guidance on the application proc8ss and how individuals and or9anisations could submit objections. Follow up information was made available by email to support wider access lo the briefing. 27 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial ststements for the year ended 31 December 2025 IVIVA PALESTINAI Lkn)r*th￿r CinemaAttlc's Vlva Palestlnal 26 September 2025 Timespan hosted CinemaAttic's Viva Palestina! touring short film wogramme, presenting a curated selection of Palestinian drama, romance and documentary. The screening combined cultural presentation with solidarity fundraising through pay what you can tickets and donations, raising proceeds for Amplify Gaza Community Resilience Projects Fund and Plant a Tree in Palestine. The programme included The Flowers Stand Silently. Witnessing (Theo Panagopoulos, 2024), Palestine Islands {Julien Menanteau and Nour Ben Salem, 2023}, Your Father Was Bom 100 Years Old, and So Was the Nakba (Razan AISalah, 2018). Bonboné {Rakan Mayasi, 2017), and Vibrations from Gaza {Rehab Nazzal, 2023), using film to support public understanding of occupation, displacement and lived experience, and to mobilise praclical supporL Splore 21 September 2025 Timespan welcorned SPLORE for family perfomiances designed for children and carers to imagine practical and hopeful responses to the climate crisis. The programme offered Iwo age appropriate shows. ensuring accessibility across different stages of childhood while creating a shared space for18arnin9 through play. storytelling and collective imagination. 28 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 De￿mber 2025 Museum Ideas 2025 17 September 2025 Timespan contributed to sector researth and advocacy by participating in the Museum Ideas 2025 conference at the Wellcome Collection, organised by Museum ID. Timespan's Director and Curator, Giulia Gregnanin, delivered a presentation tilled Redefining the Museum as a Shared Resource- Becoming an Institution of the Commons. sharing our organisational mcKiel and key projects in development. The Conferen￿ convened inlernational museum leaders and praCtiti￿Or$ to debate institutional purpose, public value and accountability, and provided a platform for Timespan to posilion rural practice within national and international conversations about legits'macy. equily and long term sustainability in the museum sector. timespan Herltalise at Tlmespan 8-9 October 2025 In October 2025, Timespan hosted the HERITALISE Gèneral Assembly in Helmsdale as part of the Horizon Europe funded project exploring the future of digitsl heritage. Bringing together researchers, artists and cultural organisations from across Europe, the gathering positioned Timespan and Helmsdale within an intemational conversation on heritage digitisation, climate 29 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 justice and decolonisation. Alongside the consortium's working sessions, Timespan delivered a public programme including talks, a community evening organis8d with the Friends of Timespan. and a fiehj visit to the Flow Country UNESCO Worfd Heritage Site. Hosting HERITALISE demonstrated how a small rural museum can act as 8 significant convening space for international research Whi￿ conn8cts.ng digital innOVat￿n to local histories, landscap8s and community knowledge. The Peoplé's Mobilo ATGhiv• . Best Small Museum Project, Museum Association 8 October 2025 In 2025, Timespan's People's Mobile Archive received the Best Small Museum Award at the Museums Association's Museums Change Lives Awards, recognising the project's impacl in connecting heritage, care and community in the Highlands. The award marked important extemal r8cognilion of Timespan's socially engaged approach to hèritage. and of Ihe work of staff, volunteers. partners and participants who have shaped the project. Particular credit is due to Jacqueline Aitken, whose curatorial vlsion and sustained commitment have been cenlral to the development of the People's Mobile Archive. This achievement reflects the strength of the wider Timespan community and the organisation's commitment to hertlage as a tool for connection. wellbeing and collective participation. IURAL SPOT. -.he Rural Spot: Politlcs of Craft at Samhain 31 October- 2 November 2025 Timespan hosted Rural Spot.. Politics of Craft at Samhain, a three day programme in Helmsdale that brought together local makers, artists, researchers and communities through craft. folklore and 30 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial slatements for the year ended 31 December 2025 seasonal celebration. Dèveloped as part of the European research project Culturalily. the programme explored craft as a site of heritsge, survival, shared knowledge and critical reflection in the Highlands. Activity included a participatory session on craft futures in Suthertand and Caithness, craft markets featuring regional makers, artist talks. practical workshops, and communty ev8nts including the annual Spooky Walk, Dusking ritual and Samhain Party. The programme strengthened local creative networks, supported rural makers. and demonstrated Timespan's approach to combining heritage, Civic participation and contèmporary cultural debate. Alex Sarkisian - Kar Exhibition 23 November 2025 - 1 March 2026 Tlmespan presentèd kar by Alex Sarkisian, an exhibition and film work exploring the suNival of Western Armenian ancestral places Ihrough landscapes, monasteries and cities marked by ruin, erasure and slate violence. Through an inlergenerational retum lo the artist's ancestral home, th8 work addressed questions of memory, loss and wilnessing, while opening a wider reflection on cultural deslructK)n and the politics of preservation. Al Timespan. the exhibition was placed in dialogue wth the Highland Clearances and the organisation's wider work on land justice, drawing conneclions between Armenian and Highland histories of dispossession. displacement and contested belonging. In doing so, kar extended Timespan's programme of internationally ongaged contemporary art while grounding il in local historiès and critical debate. 31 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 CHRISTMAS HIGHLAND., ' UKRAINIAN PARTY P13IIBAHA UiOTnAHtICbKE BMCOKOFIP,A YKPA IHCbKA BE141PKA Saturday 15 December, 11am-4pm Timespan. Helmsdale. Sutherland Please join usforan afternoon olfts)d. cdfvr6. $eesonil ctafti Singln9 '•' and dandn9 c¢lebratln9 Ukrairlan cultuie ￿ Dui award.%￿nn1 ple'5 MobikAicPuve. Pltr8str bring a dI5h. and è song or PDeml Hlghland Ukrainian Chrfstmas Party 13 Decembor Timespan h05ted the ch￿lMaS Highland Ukrainian Party, a community c818bration bringing together Scottish and Ukrainian food, music, dance and seasonal activities for children and families. Through shared meals, an open mic session, ceilidh dancing, children's crafts and a perfomance by the Helmsdale Choir, the day created an indusive and welcoming space for cultural exchange, Intergenerational participation and communty celebration. The event reflected Timespan's commitment to heritage as a tool for conneGtion, care and belonging, and to supporting solidarity and participation a¢ross Helmsdale's diverse communities. Tlmespan Capltal Redevelopment Feaslbility Study Decembar 2025 In December 2025, Tim8span completed the feasibilty study for Ihe redevelopment of ils Helmsdale building. Developed by Assemble wilh Office Corr Higgins, the study sets out a new model for the rural museum.. OU￿ard knking, globally engaged, and grounded in justice, accessibility and civic use. It rethinks the building not simply as physical infrastructure, bul as shared QU￿ural space shaped by the principles of the commons, with improved capacity for heritage. Gontemporary art, digital research and community participation. The study also establishes a design approach rooted in climate justice, care and long temi resilience, prioritising retention, adaptability and low carbon strategies. Its completion marks a significanl milestone in Timespan's long term development and provides a strong foundation for the next phase of planning and fundraising. 32 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Financial review Reserves Policy The Truslees have established a polioy whereby thè unrestrlcted reserves held should be equivalent to al least 3 months of unrestricted. non-programme, non-discretionary expenditure (essentially ov8rh8ads and Salaries) which for the current year was approximately £59.700. The Trustees have re-examined the charity's requirements for resérvès in lh8 light of the main risks lo the charity aftèr a number of very challenging years. Following the difficult post-pandemic years, the policy of retaining three months of non4iscretionary expenditure in réserve would only have been achievable by selling assets in the years to December 2024 and December 2025, the Trustees took an infomied decision to usè the charilvs reserves to maintain the programme and employment at a level necessary lo successfully secure and maintain multi-year fvnding from Creative Scotland, this furKling commenced in April 2025. After an improved trading and funding year in 2025 the level of unrestricted reserves has incre8sed from 1.6 months at December 2024 to 2.6 months at December 2025. The Trustees are committed to working to rebuild reserves to the policy level and hop8 to achieve this by the end of 2026. The Trustees continue to closely monitor nancial performance and forecasts. Financial projections are updated regularly reflecting additional infomiation on income streams and grant applications. The Trustees recognise the importance of prudent management of the charity's resources during this challenging period. Following consideration of the cash flow projections, the Trustees are satisfied that the charity can continue to meet its futur8 liabilities as they fall due. Yearpend review of financial position The past few years have been financially challenging, and we want to express our deepest gratilude to our team. volunteers, board, artisls, community and visitors for their continued support. The result for the year was a surplus reflecting improved funding and trading and this has allowed us to slart to rebuild OUT reserves lo policy level. In April 2025 we began to receive Multi Year Funding awarded by Creative Scoiland. ThTS funding secures our core operations and enables us to conlinue developing a cultural programme thal tacklès local Issues wrth a global perspective. Thè key factors In 2025 are: Our costs and overheads, as with those for other organisations and individuals, have increased significantly over recent years. At a lime when we strive to pay Ihe real living wage for hourty paid staff and pay an Sndusty comparable salary to salaried staff, and desplte the improved funding from Crealive Scotland, we still require to raisè a substantial amount of additional funding in order to deliver our annual programrne. cover our salary costs and meet our overhead costs as w811 as fundraising for additional Projects. The ServiGe Level Agreement (which all independent museums receive from tl* Highland Council in return for providing museum servi￿5)for 2025126 is less than 400/0 of that paid in 2010111 prior to the implementation of cuts by the Highland Council, whilsl the associated obligations have been unchanged over that same period and the costs of providing these services hav8 increased substantially. The inlroduclion of Timespan's Community Card for residents of our parish and neighl)ouring parishes has been a success over the past 3 years. To date, almost 300 cards have been issued. 33 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Foorfall has been largely maintained at total visitors around the 15,000 mark. May to August's total visitors all exceeding the summer visitor target of 2.000 per month. Those chix)sing lo enter Ihe museurn were down slightty againsl 2024 The café had wntinued with ils, significanlly improv8d financial perfomiance. Total café visitors wer8 in excess of 9,500 and Anna's m8nu and her purchasing and management skills again deseThe a sp6cial mention. During 2019 the Hlghland Council awardèd Tlmespan 1000/0 charity rates relief, and this has continued during th8 current year. We have continued our efforts to control our overhèad costs, although utility cosls remain high and we continued to carry out 6ssenlial repairs and maintenance tasks. As a result of these factc*s a summary of our financial results (rounded to the nearest £'OOO) is.. Total Income for the year was £468,000, up from £352,000 in 2024. Total income was made up of £369.000 of unrestricted income and £99,000 of reslricled income received for specific projects {2024 - £238,000 unrestricted and £113.000 restricted in¢ome>. Our net position (income less expenditure) for 2025 is a surplu5 of just under £25,5(K) in unreslricted funds (2024- deficit of just under £3,800) and nel spend of £7.000 in restricted funds being the spend of projecl funds previously received in advance {2024 - net income of £24.000). This continues the pattem ol improvement of the previous 2 years. As a result, * the end of the year w8 had unrestric18d income funds of £136,532 and restricted income funds of £58,689. The unrestricted incoffle funds relat8 primarily to the carrying value of our k)ng leasehold Eand and buildings and our working capitsl. The restrided income funds relate to grant fvnding received for specific projects. The sourGes of our income were: £166,000 of Regular Funding, £6,000 from our Service Level Agreement with Highland Council, Amost £296.000 of earned and projéct grant income (£250.000 in 2024), broken down a5 follows.. £89,000 of trading income (cafe, shop, rentals, events, etc) {£85,000 in 2024). £4,000 of fvndraising and membership subscriptions {£4,000 in 2024), 0 £13,C(rf) of admissions1£15,000 in 20241. 0 £91,CW of ccffe funding grants, donations and interest1£33,000 in 2024). and £99,{￿ of funding towards our PMA, capital reftjrbishment feasibility, 8￿h1ve refurbishment. EU Heritalis8 and Rural Spot projeds (£113,000 in 2024). An indicalion of the effect of CS Multi Year Funding on our relative financial stsbilty, and its ability to help generate additional external funding, is given in the graph below.. HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudit8d financial statements for the year ended 31 December 2025 51XJ,000 450,000 400.000 Covid I recovery grants Fundraising 350.000 •Admission and membership Trading income 3￿,000 250.000 200,000 150,000 100.000 Grants. donations and interest c￿alIve Scotland- Multi Year Funding Servic& Level Agreement 50.000 2014 2015 201620172018 2019 202020212022 2023 2024 2025 G￿ph of inwmg 2014- 2025 Prlnclpal funding sources for 2025 and purpose of fundlng Donor/ Grant body Donatlon/ Grant used for Art Fund Podcasts wfih Helmsdale Primary School Archive and Collection Refurbishment. PMA Regular Funding People's Mobile Archive Association of Independent Museums CreatlV8 Scolland Communrty Regeneration Fund (via the Highland Council) Esmée Falrburn Collectlons Fund (via Museum's Association) European Research Executive Agency {via UKRI Innovate UK) Foyle Foundatlon Heritage Lottery Fund Langwell and Braemore Estate Museums Galleries Scotland People's Mobile Archivel Re-collection Herltallse Project Gutting Girfs exhibition Redevelopment Feasibility Study Donated woodchip supply Redevelopmenl Feasibility Study Core and programme funding Service Level Agreement, Gulling Girls Rural Spot Core and programme funding Paul Hamlywl Foundation The Highland Council University of St Andrews Various private donors Our thanks go to all these donors and grant fundlng bodles for th8lr Invaluable support during the year. 35 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 6. Plans for future perlods Plans for 2026 In 2026, as Timespan celebrates its 40th anniversary, ￿ will build on the momentum of the past year and continue developing our work as a public cultural space committed to social and environmental justice. With the continued support of Creative Scotland and the Paul Hamlyn Foundation, we will furth8r strengthen our programme across art. heritage. leaming, wellbeing and community engagement, while also supporting the long term resilience of Ihe organisation. Key proj8Cts in 2026 will include As Long As It Yields by José Garcia Oliva, an exhibition and public programme exploring migrant labour. extraction and rural economies, and White Ground, BlaGk Water, curated by Dr Cat Dunn, which Continues our Decolonising the Highlands strand through research into Scotland's entanglements with Empire and the Caribbean. Alongside these exhibitions. the award winning People's Mobile Archive will continue with community cinema, reading groups, collection conversations and new publication work. while our youth programme will include the Peat Party, Climate Conversations podcasts with Helmsdale Primary School, and family performances such as A Home for Hamish. We will also continue our international digital heritage research through HERITALISE, developing new approaches to digital heritage in collaboration with European partners. Following the mrnpletion of the redevelopment feasibillty study In 2025, we will continue advanGing plans for the future of our building, working with partners, communities and fund8rs to ¢reate a more accessible, sustainable and connected home for our work At thè samé time, public events including the Summer Solstice Festival and new community gatherings will create further opportunities for participalion. exchange and collective reflection. As we enter our fortieth year, we r8main committ8d to making Timespan a place where cuNur8 helps communities connect. reflect and imagine more equitable futures. 7. Small Company provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. 65gn8d by order of tha trustees. Aison Ma¢Donald Registered Off￿.. Dunrobin Street Company Secretary 22 June 2026 Helmsdale Sutherland, KW8 6JA 36 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial slaternents for the year ended 31 De￿rnber 2025 Independent Examinor's Report to the Trusteés of Helmsdale Herltage and Arts Society I rew)rt to Ihe charity's trustees on my examination of the financial statements of the charity for the year ended 31 December 2025 which are set out on pages 38 to 54. Respective responsibllltles of Trustees and Examiner The charitys trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordanc6 Wlth the terms of the Charities and Trustee Investment (Scotland} Ad 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1) {al to (c) of the Accounts Regulations does not apply. 11 is my responsibility to examine the finanaal statements as required under se(Xion 44111 {c) crf the Act and lo state whether parlicular matters have come to my attenlion. Basi$ of the Independent Examinofs stateme My examination is carried out in accordance with Regulation 11 of the Charities knounts (Scollandl Regulations 2006. An examination includes a revrew of the accounting records kept by the charity and a comparison of the financial stalements presented wth those records. It also includes consideration of any unusu81 items or disclosures in the financial statements and seeks explanations from the trustees con¢eming any such matters. The procedures undertaken do not provide all the evidence th8t would be requlred in an audit. and consequently I do not express an audit opinion on the view given by the financial statements. Independent Examlnefs statemont In the course of my examination, no matter has ￿rne to my attention.. which gives me reasonable cause to believe that in any mat8rial respect the requirements: to keep accounting records in accordance wlth seclion 44(1} (a) of thè 2005 Act and Regulatlon 4 of the 2006 A¢￿Unts Regulations,. and to prepare accounts which accord wtlh the aCC￿ntIng iecords and comply with Regulation 8 of the 2006 Accounts Regulations- have not been met., or 2. to which. in my opinion, attentlon should be drawn in order to enable a proper understsnding of the accounts to be reached. Use of our report This report is made to the company's board of directors. as a body, in accordanc8 with the terms of engagement. My work has been undertaken to enable me lo undertake an independent examination of the charity's financial statements on behaW of Ihe company's board of directors and ft)r no other purpose. To the fullest extent pemiitted by law. I do not accept or assume responsibility to anyone other than the company and the company's board of directors as a body, for my work or for this report. ..q.II Iz6 Kevin Leitch MA FCCA A Dale For and on behalf of Laltch Accountancy Services Limited 3 Beech Avenue. Inverness, IV2 4NN 37 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 statemont of Financial Activities (Incorporallng tho income and oxpenditure account) Unrestrlctod funds Res¢rl¢tod funds Total funds Totsl 202S 2025 2D25 2024 Note Incomo from: Donations, grants and legacies Charitable activities 255,828 43,254 68,886 924 99,572 355,400 43,254 68,886 924 240,816 44,579 65,747 361 Other trading activiknes Inveslments Total income 368.892 99.572 468,464 351,503 Expondituro on: Raising funds Ch8Tiiable activities 55.326 288.071 55,326 394,609 52.806 278,063 819 106,538 Total exponditurg 343,397 106,538 449.935 330,869 Net In¢omel (expondlturo) and net movement In funds for tho year Reconciliation of funds: 25,495 16,966) 18,529 20.634 Total funds 8t 1 January 111.037 65.655 176,692 156,058 Total funds at 31 D•¢0m￿r 136,532 58,689 195,221 176,692 PJI of the above amounts relate to continuing aclivilies. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The rtoies on pages 41 to 54 form part of these financAal stat8m8nt5. 38 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Balanca Shegt as at 31 December Note 2025 2024 Fixed assets Tangible assets 13 120.473 127,898 Current assets Stocks 14 8,095 3,163 91,671 9,002 4,658 48,120 Debtors 15 Cash al bank and in hand 102.929 61,780 Creditors . amounts falllng due within on6 year 16 (28,181) 112,986) Net currenl assels 74,748 48,794 Total assots less current liabllllles 195.221 176,692 Net assets 195,221 176,692 The funds of the charlty Restricted income fund5 Unrestricted income fvnds 17119 58,689 136,532 65,655 111,037 18119 Total funds 195,221 176,692 These financial statemenls have b8en prepared in a¢cordar)ce with thè provisions applicable to companies subjèct to the small companies, reglme within Part 15 of th8 Companies Act 2006. The company is entilled to the éxemption from the audit requirement contained in section 477 of the Companies Act 2006, for th8 year ended 31 December 2025. No memb8r of the company has deposiled a notice, pursuant to S8¢tion 476, requlring an audlt of these financial statements. Tha notes on pages 41 to 54 fomi part of these financial ststements. 39 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 De￿mber 2025 Balance Shoot as at 31 Decèmber {contlnuod The directors acknowledge their responsibilities for complylng with th8 requirements of tha Companies Acl 2006 with respect to accounting records and the preparation of financial statements. The dirèctors are responslble for th8 maintenance and integrty of Ihe corporate and financial information included on the charitable companls website. Legislation in th8 United Kingdom governing the preparation and dissemination of financial stat&ments may differ from legislation in other jurisdictions. Thése financial slatements were approved by the board of directors on the 22 June 2026 and are signed on their behalf by.. ¥<.fv y Prof James Mooney, Chair Company Registration Number.. SC096873 The notes on pages 41 to 54 forn part of these ffinancial statements. 40 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 NotOS to the financlal statemenls Accounting poli¢les 1.1 Company information Helmsdale Heritsge and Arts Society is a Charitable company limited by guaranlee incorporated in Scotland. The company is also a charf(y registered in Scotland wilh OSCR. The registered office is Dunrobin Street. Helmsdale, SulhedaThY, KW8 6JA. 1.2 Basls of aceountlng These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicablè in the UK and Republic of Ireland. l°FRS 102.) including the provisions of Section 1A applicable to Small Entities, "Accounting and Reporting by Charitles: Slatement of Recommended Practice applicable to charities preparing their financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)., the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and thè Charities Acccrtjnts (Scotland) Regulations 2006. Th8 charity has availed itself of sedion 396 of the C¢xnpanies Act 2006, as permitted in paragraph 4(1) of schedule 1 of Sl 2008 No 409. and adapted the Companies Act formats to reflect the special nature of the charity's activStles. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial stat8ments are rounded to the nearest pound. The financial statements have been prepared on the historical cost convention modified to include the revaluation of certain fixed assets. The principal accounting policies adopted are set out below. Golng concern Th8 financial statements have been prepared on the going concern basis. This assumes that the Highland Council will continue to support independent museums through their Service Level Agreement, that we will Continue to be able to attract grants from donor bodies to help us to meet our core running costs and Ihal our efforts lo control those costs will continue to be successful. 1.3 In¢omo Donatims, subscriptions. gifts and other forms of voluntary income are recognised as income when there is evidence of entitlement, when receipl is probable and when the amount can be measured reliably. This is usually when grant conditions have been ￿lfilled. Grants. including Government grants, are recognised in full in the period in which they are receivablè, unless perfomance conditions restrict entitlement to a fLrture accounting period. Grants made for SFecific purposes and projects ar8 treated as restricted incorne. Earned income relates to bolh primary purpose trading and also io non-charitable trading activities undertaken solely to raise funds for Fimespan. Our shop primarily sells goods in support of region81 art15ts and artisans and lo support art, heritage and cultur21 development and is therefore classed as income from charitable adivilies. Income from the cafe, fundraising, rental income from gold panning equipmenl, and from non programme functions and events are classed as income from other trading activities. All earned income is recognised in th8 period in which sales are made or in vthich incc*ne becomes receivable. 41 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Income from ¢haritsble activities relates to primary purpose eamed income as described above and also to museum admissions, funds received from the Highland Council in relation lo the Service Level Agreement and funds received from Creative Scotland in relation lo our agreement with them under their Regular Funding programme. Income from charitable activities is reGognised when recoverable unless perfomiance conditions restrict entit18ment. 1.4 Expenditure Expenditure is recognised on an 8￿rual$ basis when a transfer of economlc benefits is probable and the amount can be measured or estimaled reliably. All exp8nditure is directly apporlioned across each charitable activity. The tharlty Is VAT registered and accordingly expenditure is shown net of any recoverable VAT. 1.5 Taxation The charity is exempl from corporation Lqx as it is recognised by HM Revenu8 & Customs as a charty and hence its income, which is used to achieve its charitsble oiiectives, Is not subject to corporalion tax. 1.6 Tangible fixed assets and depreciation All fixed assets are initially recorded at cost. In 2008 th8 Trustees undertwk a review of the property which Ss hèld on a long leasehold ending in 2046. As a result of the review, and with advice re￿iVed as to market conditions at that time, the Trustees believed that 8 2008 value of £150.000 represented a reasonable estimate of the open market value of the Ih8n remaining 37 years of the lease agreement. The carrying value was reviewed again in 2025 and it is the Trustees. opinion that the CLJrrenl carrying value of the lon9 leasehold property remains a reasonable estimate of the current open market value of the remaining years of the lease agreement. Depreciation 1$ calculated so as lo write off th8 cosv valuation of an asset, less its estimated residual value, over its us8ful èconomic lrfe as follows: Leasehold land and buildings - depreciated over term of lease Office equipment, fixtures & fittings 100kn reducing balance Plant and equipment - over 15 years Impalmient of flxed assets At each reporting end date, the ¢harity reviews Ihe Carrying amounts of tts tsngible assets to delemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the r8coverab18 amount of the ass8t Is 8slimated in order to determine the extent of the impairmenl loss {if any). Impairment losses are recognised in the Statement of Financial Acttvitles. 1.7 stocks Stocks ar8 valued at the lower of cost and net realisable value, after making due albwance for obsolele and slow moving items. An assessment for impaimienl is made al each reporting end dat8. 1.8 Cash and cash equlvalents Cash and cash equivalents are basic financial assets and include cash at bank and in hand. 42 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial stalements for the year ended 31 Decernber 2025 1.9 Flnanclal Instrumer The charity has elected to apply the provisions of Section 11 'BasiG Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the Gharity becomes party to the contractual provision5 of the instrurnent. a) Baslc flnanclal assets Basic financial assels, which include debtors and cash and bank balances. are measured at transaCt￿n price including transaction costs. Impairment of flnanclal assets Financial assets ar8 assessed tor indicators of impaimient at each reporting date. De-rKognltlon of financial as$•ts Financial assets are de￿eCOgniSed only when the contractual rights to tho cash flows from the asset expire or are settled. bj Baslc flnanclal liabllltles Basic financial liabilities, including creditors, are recognlsed at transaction price. Trade creditors are oblrgations to pay for goods or services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. ¢) De•recognltlon of flnanclal Ilabiliti•s Financial liabilities are de-recognised when the charlty's contractual obligations expire or are dlscharged or cancelled. 1.10 Employ0• Benefrts The cost of any unused holiday entitlement is recognised in the perfod in which the employee's services are received. Temination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retlrement Beneflts Payments to defined contribution retirement b8nefrt schemes are charged as an expense as they fall due. 1.12 Accumulated funds Funds are classified as either unrestricled or restricted funds. Unreslricted fvnds are expendab￿ at the disGretion of Ihe Trustees in furth6rance of the objects of Ihe charfty. Restricted funds are subject to specific conditions by donors as to how they may be used. Restricled funds generally represent funding re¢oiv8d in respect of a specific project which is being spent over more than one accounting period. 43 HELMSDALE HERITAGE AND ARTS SOCIETY Annual ￿port and unaudited financial statements for the year ended 31 December 2025 Crltlcal A¢counling Estimates and Judgements The Trustees consider thére to be no critical acGounting éstimates and judgements apart from the revaluation of long leasehold land and buildings, as per note 1.6 above. 3. Donations, grants and legacles Unrg$trictod Rgstrictod Total funds Total funds funds funds 2025 2025 2025 2024 Donations Donations private Donatlons - gKt ald Grants 683 683 762 870 870 1.224 Regular Funding from Creative Scotland 165,775 165,775 95,000 Grants receivable- programme match funding Grants rèceivable- s￿￿fiC projects 88,500 88.500 99.572 30,602 113.228 99.572 255.828 99,572 355,400 240,816 In the comparative financial period. of the donations, grants and legacies. £113.228 was attributsble to restricted fvnds and the balance of £127,588 was attributable to unrestricted funds. 4. Income from charitable actlvltles Unrestricted Restricted Total funds funds funds Total funds 2025 2025 2025 2024 Service Level Agreement wlth the Highland Council Museum admissions 6,272 12,750 21.807 1,155 429 6,272 15,065 19.687 1,612 471 Shop income- direct sales Shop income- sales commissions Membership subscrsptions Heritag8, archive and research fees 22 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Unrestricted Restrlcted Total funds Total funds funds funds 2025 2025 2025 2024 Programme events Other income 739 1.366 80 43,254 43,254 44.579 In the comparatNe firbancial period all income under this heading was altributable to unrestricted funds. 5. Income from other trading a¢tivitie$ Unrestrlcted Reslrlctod Total Funds Total Funds Funds funds 2025 2025 2025 2024 Cafe - direct trading Fundraising income Gold panning equipment rental 65,428 3,263 195 65,428 3.263 195 62,276 3,201 270 68.886 68,886 65,747 In the comparative financial period all incorne under this heading was attributable lo unrestricted funds. 6. Income from investments Unrestrictod Rostrictod Totsl funds Tolal funds funds funds 2025 2025 2025 2024 Bank interèst receivable 361 Cash back on cards 82 924 924 361 In the comparative financial period all income under this heading was allribLAable lo unrestricted funds. 45 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 7. Expendilure on raising funds Unrostricted Reslricted Tolal funds Total funds funds funds 2023 2023 2023 2024 Café purchases Functions, fundraising and events costs 13,016 13,016 11,676 1,494 40.816 1,494 40,816 1,950 39,180 Café staff salaries (see notè 121 55,326 55,326 52.806 In Ihe comparalive fina￿la1 pertc*J all In￿Me under this heading was attributable to unrestricted funds. 8. Expenditure on charitable activities by fund typo Unrestricted Restrlctod Total funds Total funds funds funds 2025 2025 2025 2024 Charitsble activities- Programme costs 44.714 9,299 50,782 54,013 50,782 13,832 32,347 16,665 11,210 Charitable activities - Prclect costs Charitable activities - Shop cosls Charilable activities - Museuml GallerylArchive pU￿hase$ Charitable activities- Covid, PPE. othèr costs etc Marketing Support costs {see note 10) Governan￿ costs {see note 11) 13,832 38 38 196 35 35 47 100 100 1,017 215,114 1,467 217,460 11,892 46,457 263.917 11.892 288,071 106,538 394.609 278.063 In the comparalive financial period. of the expenditure on charitable activities, £189,185 was attributable to unrestricted fvnds and the balance of £88,878 to restricted funds. 46 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 9. Exponditure on charitable activities by activity type Activities undertaken directly 2025 Grant funding actlvities Support Total funds Total funds costs 2025 2025 2025 2024 General tradlng Marketing Support costs (see note 10) Govemance costs (see note 11) 118.700 100 118,700 100 60,465 1,017 263,917 263,917 215,114 11,892 11,892 1,467 130.692 263,917 394,609 278,063 In the comparative financial period, of the expenditure on charrlable activities, £189,185 was attributsble to unrestricted funds and the balance of £88,878 to restricted funds. 10. Support costs - charitable activities Unrestrlded Restricted Total funds Total Funds funds funds 2025 2025 2025 2024 Staff costs (see notè 12) Stsff related costs 154,921 3,137 4,462 534 198,415 3,137 7,425 161,790 777 Depreciation Overheads- rates and rent 2,963 7,472 461 Overheads - energy and waler Overheads- insurance 17,000 2.162 17,000 2,162 12,794 1,867 Overhe8ds- cleaning, repairs, maintenance, security, 8tc Overheads- lelephone. postage Overheads - office machines, IT, stationery, printing. subscriptions 16,335 2.514 16,335 2.514 17,193 2,471 13.386 13,386 8,252 47 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 De￿mber 2025 Unrestricted Rostrlcted Total funds Total Funds funds funds 2025 2025 2025 2024 Overheads- other 3,009 3,009 2.037 217,460 263,917 215,114 In the comparative financial period, of the expendltur6 on support costs. £142,901 was attributable lo unrestrict8d funds and the balance of £72,213 to restricted funds. 11. Governance costs Unrestrfct•d Rostricted Total funds Total Funds funds funds 2025 2025 2025 2024 Independent examinerfs fees Legal and professional fees Other governance costs 1,805 10,040 47 1,805 10,040 47 1,155 74 238 11.892 11,892 1,467 In the comparative financial period all expenditure under this heading was attributable to unrestricted funds. 48 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unau(lited financial statements for the year ended 31 December 2025 12. Staff costs and emoluments Total staff costs were as follows: Unrostrf¢t•d funds Rgstricted Total funds Total Funds funds Ralsing Charltable funds activlties Charltable activities 2025 2025 2025 2025 2024 Wages and salaries Social security costs Pension costs 38,699 1,563 146.886 5.637 2,398 38,221 4,396 877 223,806 11,596 3,829 190,758 7,220 2,992 40.816 154,921 239.231 200,970 In the comparative financi81 period, of the expenditure on staff costs and emoluments, £137.364 was attributable to unrestrlctèd funds and the balance of £63,606 to restrict8d funds. Social security costs are net of £10.500 Employers Allowance. The People's Pension is the pension provider for Timespan offering a defined contribution scheme. Slaff eaming in excess of Ihe slatutory Ihreshold are automatically enrolled into the scheme, staff eaming under threshold are given the option to anrol. Employer cA)nlributions are 3Yo of gross salary. Partl¢ular8 of employees: The numbèr of employees during the year was as follows: 2025 2024 Number Number Number of fvll lime staff Number of part timel seasonal slaff employed in the year 19 18 Number of staff - Full Time Equivalent No employee received remuneration ol more than £60,000 during the year {2024 - Nil), Key Management personnel: The key management personnel of Timespan are considered to be thè Board of Trustees and the Dire¢lorl Curator (who is neithèr a member of the Board of Trust88s, nor a company director). The total employee costs, including National Insurance and pension conlribulions, of the key management personnel were thus £51,923 (2024- £47,516).The Twstees received no remuneration during the year {2024 - Nil}. No trustees received reimbursements of expenses during 2025 or in 2024. Related party transa¢tlons: No relaled paty transactions took place within the year. 49 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 13. Tangiblo fixed assets Loasehold equipm•nt, land and Plant and flxtures and buildings machinery fittings Total Cost or valualion At 1 January 2025 Additions during the year 150.000 108,714 303,164 At 31 Dec8mber 2025 150,000 44450 108,714 303.164 Depreclatlon At 1 January 2025 Charge for the ye8r 64,768 5,927 2.963 104,571 414 175,266 7,425 At 31 Docomber 2025 68,816 8,890 104,985 182,691 Net book value At 31 De¢ember 2025 81,184 35,560 120,473 31 December 2024 85.232 38.523 4.143 127,898 The leasehold land and buildings were re-valued in 2008 as described in note 1.6 on page 42. Had that revaluation nol taken place. the18asehold cost and arxumulat8d depreciation as at 31 December 2025 would have been: Leasehold land and bulldlngs Hlstoric cost: Cost 343.950 Accumulated depreciation 180,430 Net book value 163.520 50 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 14. Stocks 2025 2024 Shop stock for resale Cafe stock for resale other stock for resale 7.229 569 8,074 736 297 192 8.095 9,002 15. Debtors 2025 2024 Other deblors, net of provision for doubtful debt VAT debtor 450 2,582 2,053 23 2,713 Prepayments 3,163 4.658 16. Creditors- amounts falling due within on& year 2025 2024 Trade creditors 196 200 other ueditors 4.701 23,284 2.086 10,700 Accruals PAYE creditor VAT crèditor 28,181 12,986 51 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 17. Restri¢ted income funds The restricted incomè funds are made up of unspent balances on the following proj8cts relating to donations, and or grants, received for thg specific purposes of those projects. Where the project balance is negative. this indicates Ihat the funders provide the grant in arrears of spending; grants from funders have been awarded, bul not yet received. at lea equivalent to any negative balances at the year end. Balance at Income Exp•ndlturel Balance al 31 1 January depreciation De¢ember 2025 2025 People's Mobile Ard)ive 2 Archive and Collection Refurbishrnent Redevelopment Feasibility Study EU Herilalise 8,144 20,178 (44,263) (15,941) 1.823 17,977 (812) 4,155 32.157 30.775 12,308 14,fA5) {40.866) 14,276) 19,525 1,333 9,268 25,687 2,783 Rural Spot capital projects Replacement boi18r (see Paragraph below) 27,132 99.572 {103,576) 23,130 38,523 (2,963) 35.560 I projects 65,655 99,572 1106.539) 58,689 People's Mobil6 Archive 2- during the year we were in receipt of funding from the Esmée Fairburn Foundatton via the Museums Association and the Community Regeneration Fund towards the continuation of our heritage community project. Archive and Collection Refurbishment- during thè year we were in receipt of funding from the Association of Indépendent Museums towards the refurbishment of our archive and Golleclions store. Redevelopment Feasibility Study- during the year we were in receipt of funding from Museums Galleries Scotland and lh8 Heritage Lottery Fund to c8rry out a feasibility study for a redevelopment of the fimespan building. EU Heritalise- Timespan is part of a European Consortium working on the advancement of digitalisation of heritag8 funded by the European Research Executiv8 Agen¢y. Replacement boiler- a replacement blomass boiler was purchased in 2023 with funding from Museums Galleries Scotland. The boiler h8s been capitalised as a fixed asset and the depreciation is being expensed against the project balan￿ over 15 years in acGordance with our depreciation policy and as reflected in the table above. The information for the prior year is shown below: 52 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 Balan¢0 at 1 January 2024 Income Expendlturel Balance at 31 depreciation December 2024 Fundraising Assistan¢e Youth Library People's Mobilè Archive 2 Archive and Collectlon Refrjrbishment Redevelopmènt Feasibility Study EU Herilalise 11,454) 1,272 9,317 (7,863) (1.272) (50.674) 58.818 8,144 11,444 33.649 (9,6211 (15,6721 (8121 1,823 17,977 (812) Non capital projects Replacement boiler (see paragraph below) 1182) 113,228 {85,914} 27.132 41,487 {2,964) 38,523 All projects 41,305 113.228 {88,8781 65,655 18. Unrestricted Income fund5 Balan¢e at 1 January Net expenditure Other Balance at 31 movements Do¢ember General Funds - 2025 111,037 25,495 136.532 General Funds- 2024 114,753 13,716) 111,037 53 HELMSDALE HERITAGE AND ARTS SOCIETY Annual report and unaudited financial statements for the year ended 31 December 2025 19. Analysls of nel assets between funds Unrestrf¢ted funds Restricled funds Total 2025 2025 2025 Flx•d assets 84,913 77,806 35.560 25,123 120.473 102,929 Current assets Credltors - anounts falling due within one year (26,187) 11,994) {28,181) Total Funds 2025 136.532 58,689 195,221 The figures fcff Ihe prior year are shown below.. Unrestricted Restricted funds funds Totsl 2024 2024 2024 Fixed assets 89,375 32,776 38.523 29,004 127,898 61,780 Current assets Creditors- amounts falling due within one year {11,114) 11,872} {12,986) Total Funds 2024 111,037 65,655 176.692 54