REGISTERED COMPANY NUMBER: SC258114 (Scotland) REGISTERED CHARITY NUMBER: SC019008
Report of the Trustees and
Financial Statements for the Year Ended 30 June 2025
for
Wick Players
Reid & Fraser Chartered Accountants 92 High Street Wick Caithness KWI 4LY
Wick Players
Contents of the Financial Statements for the Year Ended 30 June 2025
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|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|ll|
|Detailed|Statement|of Financial|Activities|12|
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Wick Players (Registered number: SC258114)
Report of the Trustees
for the Year Ended 30 June 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects and its principal activity is that of an amateur theatre company promoting and fostering the performing arts. To this end a number of productions and fund raising events are held each year as well as participation in the Scottish Community Drama Association Festivals.
Significant activities
The charity was once again involved in the SCDA one act drama festivals, successfully making it through the local finals. A one-act play was performed as part of the Wick Gala Week programme and youth acting workshops offered in the summer of 2024. There was no pantomime in December 2024 but a Christmas performance of two one-act plays was staged at Wick Assembly Rooms.
FINANCIAL REVIEW
Principal funding sources
The running costs of the charity are met from the income generated from plays and pantomimes performed before live audiences and membership fees.
Reserves policy
The management committee has examined the charity's requirement for reserves in light of the main risks to the organisation. The unrestricted reserves are necessary to cover approximately 6 months operating expenditure in accordance with good practice.
The charity continues in a sound financial manner but continual review of income and cost resources is ongoing.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporated on 23 October 2003 and registered as a charity on 23 October 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
The directors, as the trustees are known, during the year of review to the date of this report are listed below.
Due to the nature of the charity's work the management committee seek to ensure the needs of the members are appropriately reflected through the diversity of the committee while also ensuring that the more traditional business skills are also represented.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number $C258114 (Scotland)
Registered Charity number SC019008
Page |
Wick Players (Registered number: SC258114)
Report of the Trustees for the Year Ended 30 June 2025
Registered office 14/14A Moray Street Wick Caithness KWI1 5QF
Trustees Ms J Szyfelbain A Bruce (resigned 25.9.24) J Steven Ms F Yellop Ms M C Thomson J Alexander Ms D Macleod Miss G N Alexander Mrs MB Bruce Miss K Gunn S Banks Miss A E Gunn (resigned 8.10.25) Miss J B Dunnet (appointed 27.11.24) Miss A Duffus (appointed 8.10.25) K Mackay (appointed 8.10.25) Mrs E Sutherland (appointed 8.10.25)
Company Secretary J Alexander
Independent Examiner Linda Cameron FCCA CTA CA Reid & Fraser Chartered Accountants 92 High Street Wick Caithness KWI 4LY
Bankers The Royal Bank of Scotland PLC 11 Olrig Street Thurso KWI14 7BL
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on te BDLQo& and signed on its behalf by:
Ms J Szyfelbain - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Wick Players (Registered number: $C258114)
I report on the accounts for the year ended 30 June 2025 set out on pages four to eleven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006, An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(i)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
WADA Onnor
Linda Cameron FCCA CTA CA
The Institute of Chartered Accountants of Scotland
Reid & Fraser Chartered Accountants 92 High Street Wick Caithness KW1 4LY
Date: 4&2. 2026 .
Page 3
Wick Players
Statement of Financial Activities
for the Year Ended 30 June 2025
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and|legacies|2|1,031|3,025|
|Charitable|activities|5|
|Charitable|activities|4,509|15,702|
|Other trading|activities|3|752|3,575|
|Investment|income|4|379|515|
|Other|income|-|421|
|Total|6,671|23,238|
|EXPENDITURE ON|
|Raising|funds|-|432|
|Charitable|activities|6|
|Charitable|activities|13,108|23,017|
|Support|Costs|2,984|8,912|
|Other|230|2,562|
|Total|16,322|34,923|
|NET INCOME/(EXPENDITURE)|(9,651)|(11,685)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|70,807|82,492|
|TOTAL FUNDS CARRIED FORWARD|61,156|70,807|
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The notes form part of these financial statements
Page 4
Wick Players (Registered number: $C258114)
Balance Sheet 30 June 2025
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|11|36,036|40,006|
|CURRENT|ASSETS|
|Cash|at bank|and|in|hand|27,216|33,130|
|CREDITORS|
|Amounts|falling|due|within|one|year|12|(984)|(983)|
|NET|CURRENT ASSETS|26,232|32,147|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|62,268|72,153|
|CREDITORS|
|Amounts|falling|due|after more|than one|year|13|(1,112)|(1,346)|
|NET ASSETS|61,156|70,807|
|FUNDS|15|
|Unrestricted|funds|61,156|70,807|
|TOTAL FUNDS|61,156|70,807|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on voor 2. FaOobeoiingss.. and were signed on its behalf by:
J Szyfelbain - Trustee
The notes form part of these financial statements
Page 5
Wick Players
Notes to the Financial Statements for the Year Ended 30 June 2025
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Treland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activilies on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line Equipment - 10% reducing balance Computer equipment - 25% reducing balance
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
GOVERNMENT GRANTS
Government grants in respect of capital expenditure are credited to a deferred income account and released to the profit and loss account over the useful lives of the relevant assets.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.
continued...
Page 6
Wick Players
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| 2. | DONATIONSAND LEGACIES | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Donations | 431 | 663 | ||
| Grants | - | 1,737 | ||
| Subscriptions | 600 | 625 | ||
| 1,031 | 3,025 | |||
| Grants received, included in the above, are as follows: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Dounreay Communities Fund | - | 1,737 | ||
| 3. | OTHERTRADING ACTIVITIES | |||
| 2025 | 2024 | |||
| £ | £ | ; | ||
| Fundraising events | 752 | 3,575 | ||
| 4, | INVESTMENT INCOME | |||
| 2025 | 2024 | |||
| £ | £ | |||
| InvestmentIncome | 379 | 515 | ||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Plays andPantomimes | 4,509 | 15,702 | ||
| 4,509 | 15,702 | |||
| 6. | CHARITABLE ACTIVITIES COSTS | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Expenses ofplays andpantomimes | 4,339 | 14,981 | ||
| Insurance and rates | 2,820 | 2,479 | ||
| Heat and light | 4,630 | 1,052 | ||
| Depreciation | 4,419 | 4,505 | ||
| 13,208 | 23,017 |
Page 7
continued...
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
Wick Players
- NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Depreciation|- owned|assets|4,418|4,506|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
- STAFF COSTS
The average monthly number of employees during the year was as follows:
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|Management|(Trustees)|14|12|
|No|employees|received|emoluments|in|excess of £60,000.|
|10.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL ACTIVITIES|
|Unrestricted|
|funds|
|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and|legacies|3,025|
|Charitable|activities|
|Charitable|activities|15,702|
|Other|trading|activities|3,575|
|Investment|income|515|
|Other|income|421|
|Total|23,238|
|EXPENDITURE|ON|
|Raising|funds|432|
|Charitable|activities|
|Charitable|activities|23,017|
|Support|Costs|8,912|
|Other|2,562|
|Total|34,923|
|NET INCOME/(EXPENDITURE)|(11,685)|
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Page 8
continued...
Wick Players
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| 10. | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | |||||
| £ | |||||
| RECONCILIATION OFFUNDS | |||||
| Total fundsbrought forward | 82,492 | ||||
| TOTALFUNDS CARRIEDFORWARD | 70,807 | ||||
| 11. | TANGIBLE FIXED ASSETS | ||||
| Freehold | Computer | ||||
| property | Equipment | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 July2024 | 75,221 | 33,260 | 42 | 108,523 | |
| Additions | - | 330 | 118 | 448 | |
| Disposals | - | - | (42) | (42) | |
| At 30 June 2025 | 75,221 | 33,590 | 118 | 108,929 | |
| DEPRECIATION | |||||
| At 1 July 2024 | 48,675 | 19,800 | 42 | 68,517 | |
| Charge foryear | 3,008 | 1,380 | 30 | 4,418 | |
| Eliminatedon disposal | - | - | (42) | (42) | |
| At 30 June 2025 | 51,683 | 21,180 | 30 | 72,893 | |
| NETBOOKVALUE | |||||
| At 30 June 2025 | 23,538 | 12,410 | 88 | 36,036 | |
| At 30 June 2024 | 26,546 | 13,460 | - | 40,006 | |
| 12. | CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Other loans (see note 14) | 234 | 234 | |||
| Trade creditors | 750 | 749 | |||
| 984 | 983 |
Page 9
continued...
Wick Players
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|13.|CREDITORS:|AMOUNTS|FALLING|DUE AFTER MORE THAN|ONE|YEAR|
|2025|2024|
|£|£|
|Other|loans|(see|note|14)|1,112|1,346|
|14.|LOANS|
|An|analysis|of the|maturity|of loans|is|given below:|
|2025|2024|
|£|£|
|Amounts|falling|due|within|one year on demand:|
|Other|loans|234|234|
|Amounts|falling between|one|and two|years:|
|Other loans|-|1-2|years|234|234|
|Amounts|falling|due between two|and|five|years:|
|Other loans|-|2-5|years|702|702|
|Amounts|falling|due|in more than|five|years:|
|Repayable by|instalments:|
|Other|loans more|Syrs|instal|176|410|
|15.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.7.24|in|funds|30.6.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|70,807|(9,651)|61,156|
|TOTAL FUNDS|70,807|(9,651)|61,156|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|6,671|(16,322)|(9,651)|
|TOTAL FUNDS|6,671|(16,322)|(9,651)|
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Page 10
continued...
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
Wick Players
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
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|||||||
|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.7.23|in|funds|funds|30.6.24|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|34,854|(11,685)|47,638|70,807|
|Pre-incorporation|surplus|47,638|-|(47,638)|-|
|82,492|(11,685)|-|70,807|
|TOTAL FUNDS|82,492|(11,685)|-|70,807|
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Comparative net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|23,238|(34,923)|(11,685)|
|TOTAL FUNDS|23,238|(34,923)|(11,685)|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
- PRE-INCORPORATION SURPLUS
Pre-incorporation surplus is the accumulated surplus of the previous entity prior to incorporation on 23 October 2003. This unrestricted surplus has been transferred to the unrestricted genera! fund in the year to 30 June 2024.
Page 11
Wick Players
;
Detailed Statement of Financial Activities for the Year Ended 30 June 2025
| for the Year Ended 30 June 2025 | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| INCOMEANDENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 431 | 663 | |
| Grants Subscriptions |
- 600 |
1,737 625 |
|
| 1,031 | 3,025 | ||
| Othertrading activities | |||
| Fundraising events | 752 | 3,575 | |
| Investment income | : | ||
| Investment Income | 379 | 515 | |
| Charitable activities | |||
| Plays& pantomimes | 4,509 | 15,702 | |
| Other income | |||
| OtherIncome | - | 421 | |
| Total incoming resources | 6,671 | 23,238 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Fundraising expenses | - | 432 | |
| Charitable activities | |||
| Expenses ofplays&pantomimes | 4,339 | 14,981 | |
| Insurance& rates | 2,820 | 2,479 | |
| Heat& light | 1,630 | 1,052 | |
| Depreciation | 4,419 | 4,505 | |
| 13,208 | 23,017 | ||
| Other | |||
| Donations | 230 | 2,562 | |
| Support costs | |||
| Governance costs | |||
| Propertyupkeep | 1,023 | 7,156 | |
| Advertising, stationery& post | 482 | 218 | |
| Miscellaneous | 479 | 698 | |
| Independent Examiner's fee | 900 | 840 | |
| 2,884 | 8,912 | ||
| Total resources expended | 16,322 | 34,923 | |
| Netexpenditure | (9,651) | (11,685) |
This page does not form part of the statutory financial statements
Page 12