Orkney Theatre SCIO
ACCOUNTS TO 30 APRIL 2025 CHARITY NO_SC 025758
Orkney Theatre SCIO
Trustees’ Report for the year ended 30 April 2025
Scottish Charity Number = SC025758
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|||
|---|---|
|Trustees|
|A Bruce|
|S|Bruce|
|S|Gilmour|
|G Macdonald|
|E|Miller|
|A Morton|
|N|Rushbrook|
|L Tait|
|J Tulloch|
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Contact Address A Bruce 5 Broad Street Kirkwall Orkney KW15 1DH
Recruitment and Appointment of Trustees
All of the SCIO's trustees are appointed or reappointed by the members at our annual general meeting which is held in September/October each year.
Governing Document
The Orkney Theatre is a Scottish charitable incorporated organisation and the purposes and administration arrangements are set out in our constitution.
Charitable Purposes
Our purposes as recorded in our constitution are the advancement of Education, the Arts, Heritage, Culture and Science.
Activities and Achievements
This year the Orkney Theatre was able to host a programme of events and the trading results are much improved.
Trustees Remuneration and Expenses
All trustees are volunteers and receive no remuneration and no expenses have been claimed.
Reserves
The reserves are sufficient to continue the charity's operations for more than one year.
On behalf of the trustees A Morton Trustee 26 January 2026
Orkney Theatre SCIO
STATEMENT OF FINANCIAL ACTIVITIES for year ended 30 April 2025
| 2024 | 2025 | |
|---|---|---|
| ALLUNRESTRICTEDFUNDS | ||
| INCOMING RESOURCES | ||
| FromCharitableTradingActivities | 46,630 | 25,283 |
| 46,630 | 25,283 | |
| RESOURCES EXPENDED | ||
| Charitable Activities | ||
| Wages | 12,874 | 11,284 |
| OtherCosts | 19,216 | 7,885 |
| Depreciation | 1,515 | 898 |
| 33,605 | 20,067 | |
| NETINCOMINGRESOURCES | 13,025 | 5,216 |
| FUNDSBROUGHTFORWARD | 44,899 | 57,924 |
| 57,924 | 63,140 |
Orkney Theatre SCIO
BALANCE SHEET AS AT 30 APRIL 2025
2024
2025
| 2024 | 2025 | |||
|---|---|---|---|---|
| Fixed Assets | ||||
| Equipment | ||||
| 2,413 | As at30 April2024 | 898 | ||
| 0 | Additions | 0 | ||
| 2,413 | 898 | |||
| 1,515 | 898 | DeductDepreciation | 898 | 0 |
| Current Assets | ||||
| Stock:- | ||||
| 1,001 | Stage LightingEquipment | 674 | ||
| 442 | Bar | 448 | ||
| 6,501 | SundryDebtors | 5,643 | ||
| 49,922 | CashatBank: OnTreasurer's Account | 57,075 | ||
| 57,866 | 63,840 | |||
| 840 | DeductSundryCreditors | 700 | ||
| 57,026 | 63,140 | |||
| 57,924 | 63,140 | |||
| Representedby:- | ||||
| 44,899 | Surplus at30April2024 | 57,924 | ||
| 13,025 | 57,924 | Surplus foryear | 5,216 | 63,140 |
| 57,924 | 63,140 |
Signed as approved on 26 January 2026
A Morton - Trustee
Orkney Theatre SCIO
for the ended 30 April 2025
NOTES ON THE ACCOUNTS
ACCOUNTING POLICIES
- Basis of Preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
2. Funds Structure
Unrestricted income funds comprise those funds which the committee are free to use for any purpose in furtherance of the charitable objects.
3. Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
4. Resources Expended
Liabilities are recognised as resources expended as soon as there is a legal constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
RISK MANAGEMENT AND RESERVES POLICY
The charity committee has considered the major risks to which the charity is exposed and has reviewed those risks and established systems and procedures to manage those risks.
The committee aim to maintain free reserves in its unrestricted funds at a level which equates to approximately one year's charitable expenditure. The Committee consider that this more than covers any potential liabilities arising.
Independent Examiner's Report to the Trustees of Orkney Theatre SCIO
I report on the accounts of the charity for the year ended 30 April 2025 as set out in the accompanying pages.
Respective responsiblities 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. The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is our responsibility to examine the accounts as required under section 44(1) (c ) of the Act and to state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination is 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner's statement
In the course of our examination, no matter has come to our attention which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met.
Crodeo 0, Pal
Charles W Flett CA Foubister & Bain Chartered Accountants 4 Broad Street Kirkwall
Orkney
26 January 2026
Orkney Theatre SCIO
2024
2025
INCOME & EXPENDITURE ACCOUNT_ for_yearended 30 April 2025
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|---|---|---|---|---|---|
|Income|
|33,994|Theatre|Lets|16,851|
|9,868|Bar Income|6,154|
|2,768|User Royalties|2,278|
|46,630|25,283|
|Expenditure|
|12,874|Wages|11,284|
|4,876|Bar|- Cost|of Sales|2,702|
|411|Insurance|371|
|8,397|Sound,|Lighting &|Consumables|327|
|1,314|Maintenance|712|
|592|Stationery,|Postages|and|Advertising|706|
|484|Accountancy Fees|360|
|504|Payroll|Fees|670|
|2,638|PRS|Royalties|2,037|
|1,515|Depreciation|898|
|OO|33,605|—|20,067|
|13,025|Net|Surplus|for year|5,216|
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