ARTS AND COMMUNITIES ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CHARITY NUMBER: SC026958 COMPANY NUMBER: SC241593
ARTS AND COMMUNITIES ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Contents Page Company Infomiation Directors Report Statement of Directors Responsibilities Independent Examiners Report Statement of Financial A¢tivilies Balance Sheet Notes to the Accounts
ARTS AND COMMUNITIES ASSOCIATION COMPANY INFORMATION FOR YEAR ENDED 31ST MARCH 2025 Date of Incorporation 23rd December 2002 Charity Number SC026958 Company Number SC241593 Current Directors Pamela Bennett Theresa Lynn Gerard O'Brien Rowan Richardson Reglstered Office clo Ms Theresa Lynn G3 14 Liff Road Dundee DD2 3DQ Bankers Bank of Scotland 167 - 201 Argyle Street Glasgow G2 88U Independent Examlners Han & Co Accountants 81 SGott Street Dundee DD2 2BA
ARTS AND COMMUNITIES ASSOCIATION DIRECTORS REPORT FOR THE YEAR ENDED 31ST MARCH 2025 The members have pleasure in presenting their report and financial statements of the charity for the year ended 31st March 2025. Current Board Members Pamela Bennell Ichaifl Theresa Lynn {Secrelaryl Gerard O'Brien Rowan Richardson Recrultment and Ap.pointment of Members All curmnt members are familiar with the work of the organi88tion and any new members will be provided wÈth relevant training from the current members and directors. Gov¢mlng Structure The company is limited by guarante8 and Is recognlsoij as havlng ¢harllable status. Actlvities and Achlevement8 The main a¢liviti&s ol the Gompany during the yèar ended 31 st March 2025 have been.. The Annual General Meetsng of Arts and Communities AssoGiati¢n was held on Tuesday 18th March 2025. During the year. we further delivered projects arlsing from the successful funding bids which were developed continuing the project development momentum created from thr use of the Bounce Back Loan. The108n contlnL5ed belng repaid gra¢Jually. via individual donations lo Arts and Communitiès. The loan was paid off vi8 a fino1 donation in January 2025. We continued lo deliver a rango of envlronm8nl81 improvement I publlc athork PTOjgcls in our independent communlly engagement slrate9y Wlth Artists in Communitiès. We were able lo continue lo fund project momentum and the adminislralion of the development WOTk and bid proces5eB. These activlties continue lo reflect the key function of "aiming to pul artists, cultur81 social 8nlerprises, cultural processes and'local people al the core of sustainable Gommunity and ¢ullural development." Thanks Arts and Communities Assoaalion would like lo lake this opportunity lo thank agencies and individua15 working wlth us to conlrlbule to ongoing development of plans this year, including Dundèe Volunte8r a Voluntary Action IDWAI Green HeaSlh Fund, Hillcresl Fulur8s, Dunde6 CSty Council, Dundee Botani¢ Gardens, Common Good Fund, Asda Commurtlty Fund and Logie ShelleTed Lounge. Future Plans As we continue lo regaln momentum Post Covld, and de8P1te illness, Arts and Communlties Aslociallon has contlnued lo devebop and doploy development of appropriate approaches through which to constantly renew its function and relevance as a Galalyst and a lobby voice, a practical promoter of nelworking for artists and arts organisations and of good practice within the sector. Organlsation of Our Work The ¢ompany Is a voluntary body governed by a voluntary Council of Management. 11 has contracted with 115 consullanls and free lance workers from lime lo lime in fulfillin9 all aspects of the work of the company - avenl management, education, training, project development and personn81 managemant. Statement of Flnan¢lal A¢tlvltl•$ The Slalemenl of Financial Activities shows a surplus of £3,133 for the year. The Balance Sheet as at 31st March 2025 shows a surplus of £180. The charity has in the past managed lo achieve its staled aims, having operated on a project by project basis. Funding sources for delivery of projects, has continued in 2024-25, to allow plans for ongoing sequential work to be delivered. Thus, Ihe inlentlon remains to develop in the medium lo long term, a project showcase and projeol neOrkS across Scotland. ideally regularly refreshed through an annual event, lo offer momentum lo the events cyde of the organisalion and, in turn. to generate 8 small but sustainablo baseline position for the organisalion's core activities. Risk Policy The Board has undertaken regular reviews with ils partners, fe lance staff and consultsnls. as well as stakeholders and beneficiaries of the charity. The risk policy which has been formulated 8s a result of this process recognises the strengths, opportunities and threats lo the company. Whilst the threats and the risks are constant and are present through both external and internal factors, the board undertakes lo maximise the strengths, seize available opportunities in a strategic manner and therefore minimise all known potential risks.
ARTS AND COMMUNITIES ASSOCIATION DIRECTORS REPORT FOR THE YEAR ENDED 31ST MARCH 2025 lcontinuedl Mèmbtrs Rèmunèratlon and Expenses See note 3 for details of members iemuneralion and related paty transactions. Reserves Policy The Board aims to retain adequate reseNes lo cover 8 minimum of three months of core operating costs. In-kind Support The Company relies heavily on in-kind and voluntoer support, There are member helpers who donate their time freely and without whose contribution the charity would be unable lo function, These supporters inelude artists and arts organisalions that give consultancy and development time, as well 8s the Board and. from time to lime, steering groups on different aspects of the work. The company noilher 8llracls nor solicits chari18ble donations. On behalf of thé board of dire¢lors gnd 911 members Signature Date Pamela Bennell (Chair, Director)
ARTS AND COMMUNITIES ASSOCIATION STATEMENT OF DIRECTORS. RESPONSIBILITIES FOR THE YEAR ENDED 31ST MARCH 2025 ststements of Directors, Responsibilltles The directors are responsible for preparing the Report of the Directors and the financial slalernenls in accordance with applicable law and regulations. Company law requires the directors to prepare finan¢i81 statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under Company law the directors musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slal6 of affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial slatomenls, the directors are required to.. select suitable accounllng policies and then apply them consistently., make judgements and accounting eslimales that are reasonab50 and prudent., prepare the financial Stalemenls on thé going concern basis unless il is inappropriate lo presume that the company will continue in business The dire¢lors are responsible for keeping adequate accounting recoTds that are sufficient to show and explain tha companls transactions and disclose wlh reasonable accuracy al any time the financial posrtion of the company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢ompany and henc8 for taking reasonable stèps for the prevenllon and d&lg¢tion of fraud and other irregularities. statement as to DSsclosuro of Information to Indep8ndent Examlner So far as the directors are aware there Is no relevant information of whlch the company's Indep8ndenl examiner is unaware and each director has taken all steps that he ought lo have taken as director in order to make hlmself aware of any relevant Information and lo establish that the company's independent examiner is awate ol that information, On behalf of the board of diTeGlors and all members Signature Data Pamela Bennell (Chair, Direolor}
ARTS AND COMMUNITIES ASSOCIATION YEAR ENDED 31ST MARCH 2025 INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report on the accounts of the charity for the year ended 31 st March 2025 which are set out on pages 6- 9. Respectlve Responslbllitles Of Trustgos and Examingr The charity's trustees are responsible for the preparation of the accounts in accordance with the lemis of the Chatilies and Trustee Investment Iscolland) 2005 Acl and the Charities Accounts (Scollandl ReguSations 2006 las am¢ndedl. Tho charity Iruslees consider that the audit requirement of Regulation 10111 lal to I cl of the Accounts Regulation5 dogs nDI apply. 11 is my responsibility to examine the accounts as required under section 44{11 { cl of the Act and to slate whether particular matters have come lo my allenlion. Bas13 of Indopendont Examlner's Statement My examination is carried out in accordance with Regulatlon 11 of the Charities Accounts {Scotland) Regulatlons 2006 {8s amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accoL¢nts, and seeks explanations from the Iruslees concerning any such matters. The proceLlures undertaken do not provide all the evlclence that would be reqUId In an audll, and consequentty do nol express an audit Dplnion On the view given by the accounts. Independent Examlnerfs Ststement In the course of my examination, no maller has come to my atlenllon 1, Vvhich gives me reasonablo cause to believe that in any material respect the requlrements.. lo keep accounting records in accordance with section 44111 la} of the 2005 Act and Regulation 4 of the 2006 Accounts R8gulalions, and lo prepare a¢counts which accord with the accountin9 rècords and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. To whlch, In my opinion, allenllon should be drawn In ordor to enable a prDP8r understanding of the a¢¢ounl$ lo be reached. Signe Dale ¥/,51 Davld Stewart BA CA Han & Co Accountants 61 Scoll Street Dundee DD2 2BA
ARTS AND COMMUNITIES ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST PJW<CH 202S 2025 Restricted Funds Un 2025 slricted Funds 2025 Total 2024 Total Incomlng Resources Awards for All Dundèe Volunteer & Voluntary Adlon Hill¢resl Foundation DCC- Common Goods Fund DCC - Community Regeneration Funding Asda Community Grant Donatlons 4,100 4,100 6.450 4.340 2,275 400 1,080 2,936 10,791 2,275 400 1,080 2,936 10,791 130 10,920 Resourcgs Expandèd Process Desl9n Materials & Expen889 5,300 2.200 7,500 5,300 2,200 7.500 10,330 10,330 Management & Admlnl$tratlon Accountaney Fee Bank Loan Interest Bank Char9•S 96 55 96 81 55 158 158 177 Total Re80urce8 Expended 7.658 7.858 10.507 Reconclllatlon of Funds Nel movement in Funds Balances brought forward 3,133 12,9531 3,133 12,9531 413 13,3661 8alance8 carried forward 180 180 2,953
ARTS AND COMMUNITIES ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2025 Note 2025 2024 Current Assets Cash at Bank and in Hand 372 32 Creditors.. Amounts falling due within one year Bounce Bank Loan 192 454 2,531 2,985 192 Nat Current AssetsllLi8bllltlo31 180 12,9531 Total Assets Less Current Liabilities 180 2,9531 Reprg88ntsd by: Funds 180 2,953 Audit Ex6mption Slatement For the year ending 31 sl March 2025 the company was entitled to exémption from audit under s8clion 477 of the Companies Act 2008 Telaling lo small companies. Directors, responsibilities.. the members have not required the company to obtain an audit of ils accounts for the year in question in ac¢ordancg with section 476, the directors acknowledge their responsibilities for complying with the requirements Df the Act with respect lo accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regim8. Signed Dn behalf of the Board Signature Date Pamela Bennell (Chair, Director)
ARTS AND COMMUNITIES ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 1 Accounting Policles 1.1 Basis of Accountlng The financial statements have been prepared under the historical cost convention. They are in accordance with applicable accounting standards, the Charities & Trustees Investment (Scotlandl Act 2005. the Charities Accounts (Scotland) Regulations 2006 and Accounting and Reporting by Charilies.. Staternent of Recommended Practice. 1.2 Incoming Resources All incoming resources are included in Ihe slatemenl of financial activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. 1.3 Donations, Legacies and Similar Incoming Resourcos Donations, legacies and similar incoming reSoUrS are included in the year which they are receivable, which is when the charity becomes entitled to the resource. 1.4 Grants Rèceivable Grants receivable are credited to the Statement of Financial Activities (SOFA) in the year for which they are received. Deferred income represents amounls received lor the future periods and is released lo incoming resourc8s in the period for which it has been received. 1.5 Expendlture All expenditure is Included on 8n accrual basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of Ihe funGlional categories of resources expended in the SOFA. 1.6 Fund Accountlng General fvnds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of thè company and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with speclfic restriclions imposed by donors or which have been raised by the company for particular purposes. The costs of raisin9 and administering such funds ar6 charged against the specific fund. The aim and use of each restri¢led fund is set out in the notes to the financial statements. 1.7 Company-status The company is a company limited by guarantee. The members of the company are the trustees named on page 2. In the event of the company being wound up, the liability in respecl of the guarantee is limited to £1 per member of the company. 1.8 Taxation The organisation has charitable status and is exempt from taxatlon. Th8 organisation is not registerod for VAT purposes and accordingly any such tax is included in the relevant expendilure 2 Credltor8 . Amounts falling duè wlthln one year 2025 2024 Loan Other Creditors 262 192 454 192 192 3 Trustee Remuneration and Relatsd Party Transactions The following member has received fees for services provided in administering and delivering funded projects.. Pamela Bennett (PB Design} £5,300