REGISTERED CHARITY NUMBER: SC028472 ortoftheT te drt d F'na st nt for the Ye arc or Accountants Plus Chartered Certified Accountants Unit 1 Cadzow Park 82 Muir Street Hamitton ML3 6BJ
Nemo Arts Co fo te the Year al 31 March 202 nd Page Report of the Trustees 1 to 4 Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activlties 14
Nemo Arts Re ort of the Trustees for th Year End d 31 March 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 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 charitable objective of Nemo Arts is to promote good mental health and wellbeing through the performing arts. We believe that participation in the arts, and the performing arts in particular, enrich the mental wellbeing of everyone who takes part, whatever the current state of their mental health. The performing arts - music, dance, drama, puppetry, film & video etc. can provide new communication methods, improved self-esteem, team building. peer group support, creative development and many other benefits. The performing arts have the potential to improve quality of life both individually and collectively. Page 1
NemArtS BRp the TrLr de ees 31 arch 20 ACHIEVEMENT AND PERFORMANCE Charitable activlties Overview Over the past year, N8mo Arts has delivered another vlbrant, inclusive programrne of arts-based activty for adults facing mental health Ghallenges. Across three 15-week temis. we supported over 600 attendances across core sessions in Drama. Visual Art, Creative Writing, Taiko Drurnming. Guitar. Choir, and Crochet. creating a structured, welcomlng environment for people to build skj'lls, confidence, and social connection. Participant demographics show we are reaching those most In n8ed Of meaningful connection and purpose-800A of participant$ wara aged between 25 and 84, a Gohort often most affected by mental health challenges and social isolation. Prooramme Delivery Highlights Drama Participants devised and perfomied three original theatre pieces across the year, developing confidence and creative voice.. The etective Agency (Healing Arts Scotland) (Royal Concert Hall) - The Hauntett Restaurant Iwebsters Theatre) Vlsual Art Participants developed painting and design skills while building confidence and emoiionai wellbeing.. 'This art class shows me that my mental illness does not define what I'm capable of." 'There is a sense of kinship. non-judgement, and underslanding-the optimum plac8 for me to flourish." Crèatlve Wrftlng 51 participants explored self-expression. shared stories, and built community thrcugh writing.. "Connecting with others through the arts has made m8 feel part of a communty." Taiko Drummlng Attendance grew from 1110 24. The group perfonned at Tramway. Royal Concert Hall, and The Gathering. "I Cloni have to explain how I feel-banging the drum lets il Olrt." Choir th 55 p8rticipants, the choir delivered high-profile performances at Tha Gathering and the Scottlsh Parliament. "Belng here gtves me a purpose forthe day and the week." Partnershlps and Outreach This year we expande¢ delivery through catIve partnerships.. Cassiltoun and Southside Housing Associations Support for Ordinary Living (animation project} Stobhlll Plospitai, HMP Bartinnie, and forensic services (visual art) We also Gontributed to naiionai discussions via wcrkshops and performances at: - SCVO'S The Gathering - Voluntary Health Scotland Link Worker Conference The Scottish Padiarnent Page 2
Nemo Arts Re ort of the Trustees for the Year Ended 31 March 20 Impact and Reflections Participants consistently describe Nemo Arts as a lifeline". This has made a big difference in my life... I look fornard to coming here and making fantastic paintings. It's the highlight of my week." We're proud of what we've achieved together this year and grateful to our participants, tutors. and partners for making it all possible. FINANCIAL REVIEW Financial review The Statement of Financial Activities shows net income for the year of £97 compared to net expenditure of £8,112 in 2024. Retained funds at 31 March 2025 were £46,005 compared to £45,908 in 2024. Of these funds £13,792 (2024 £15,930) are restricted funds, leaving £32,213 (2024 £29,978) available to meet all day to day running costs and continuing statutory commitments forthe coming year. Reserves pollcy It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charty. at a level to provide sufficient funds to cover management, administration and support costs. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is incorporated as a SCIO and is govemed by its constitution which established the objects and powers of the charity. Recruitment and appolntment of newtrustees New trustees are appointed at the discretion of the Board. There is no fixed term for trusteeship. Trustees share the same interests and values as Nemo Arts and try their best to promote it in a positive way. Organisatlonal structure The Board of Trustees meels monthly. A Chief Executive is appointed by the trustees to administer the day to day operations of the charty. The Chief Executive has delegated authority, as approved by the trustees, for operational matters including finance, employment and project related activity. Induction and training of new trustees Many of our trustees live in the local area and are familiar with the work of our organisation. As part of our selection process prospective trustees are invited to the office base where they are made aware of their legal obligations under charity and company law and given more detail about the variety of projects we undertake. They are then invited to attend a Board meeting before making a final decision. Risk management The trustees have a risk management strategy which comprises.. (a) an annual review of the risks the charity may face. (b) the establishment of systems and procedures to mitigate those risks identified., and (c) the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. Page 3
NemoArts of the T ste ear Ended 31 arc REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC028472 Princlpal addross 235 The Briggait 1418ridgegate Glasgow G15HZ Trustees Independent Examlner Accountants Plus Chartered Certified Accountants Unit 1 Cadzow Park 82 Muir Street Hamilton ML3 6BJ Approved b order of the boa s on 16 July 2025 and signed on its behalf by.. Page 4
en InAetsentknioo.fiRop.otLto1hroL Nemo Ajt fndependent examinees report to the trustees of Nemo Arts I report to the charty trustee5 On rny examlnation Of the attcunts of Nemo Arts (the Trust) for the year ended 31 March 2025. Responslbilitles and ba518 of report As the Gharty trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charltle5 Act 2011 {Ihe Act,). I report in respect of rny examination of the Trust's accounts carried oul under Section 145 of the Act and in carrying out my examinaiion I have followed all applicable Directions given ty the Charity Commission under Section 145(5)(b) of the Act. Independent examlnerfs 8tatsm?nt I have completad my examination. I confinn that no matemal matters have come to my attentlon In connection with the exemination giving me cause lo believe that In any materlal respect.. 8CCDunting records ware not kept in re8peGt of the Trust as requlred by Sectien 130 of the Act; or the accounts do not accord with those records,. or the accounts do nol comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Reguiatlons 2008 other than any qUIreMent that the ac¢ounl8 give a true and fair view whlch Is noi a matter consid8red as part of an Ind8pendent ex8minthion. I have no concems and have corne across no other matter8 In connection with the exarnlnatlon io which attenlion should be drawn in this report in order to enable a proper understandlng of Ihe accounts to be reachad. Accountants Plus Chartered Certrfied Acccuntants Unrt 1 Cadzow Park 82 Muir Strget Hamilton ML3 68J IQ Stp+&rnver 2025 Page 5
Nemo Arts Slatement f Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds Unrestricted Restricted funds funds 31.3.24 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable activities Notes 2,722 2,723 2,768 32,244 86,140 118,384 116,503 Total 34,966 86,141 121,107 119,271 EXPENDITURE ON Charitable activities Staff costs Project delivery costs Support costs Governance costs 14,153 5,842 10,936 1,800 22,800 48,959 16,520 36,953 54,801 27,456 1,800 29,739 56,140 23,480 1,800 Total 32,731 88,279 121,010 111,159 NET INCOMEI(EXPENDITURE) Transfers between funds 2,235 215 (2,138) (215) 97 8,112 Net movement in funds 2,450 {2,353) 97 8,112 RECONCILIATION OF FUNDS Total funds brought forward 29,978 15,930 45,908 37,796 TOTAL FUNDS CARRIED FORWARD 32,428 13,577 46,005 45,908 The notes form part of these financial statements Page 6
Nemo_AJts Balance S 31 Unresiricte(l Restriuea funds funds 31.3.25 Total fvnds 31.3.24 Tot81 funds CURRENT ASSETS Debtors Cash at bank Notes 9.337 53,391 9,337 66.968 13,577 7,178 48,970 62.728 13,577 78,305 56,148 CREDITORS Amounts falling due within one year (30,300) (30,300) (10.240) NETCURRENT ASSETS 32,428 13.577 46,005 45,908 TOTAL ASSETS LESS CURRENT LIABILITIES 32,428 13.577 46,005 45.908 NET ASSETS 32,428 13,577 46,005 45.908 FUNDS Unrestricted funds Restricted funds 32,428 13,577 29,S78 15.930 TOTAL FUNDS 46,005 45,908 The financial statements were approv8d by the Board of TNstees and authorlsed lor issue on 16J half by.. The notes fom part of these financial statements Page 7
Nemo Arts Notes to the F"nancial Statements fort ar End d 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefjt 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 Ireland, and the Charities Act 2011. 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 expendrture, it is probable that a transfer of economic benefils 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 activities 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. Taxation The charity is exempt from tax on its charitable activrties. 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. Page 8 continued...
Nemo Arts Notes to the Financial Statements- continued for he ear Ended 31 March 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefrts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable actlvities Charitable activities 2.768 2,768 38,895 77,608 116,503 Total 41,663 77,608 119,271 EXPENDITURE ON Charitable actlvities Staff costs Project delivery costs Support costs Governance costs 16,061 6,860 20,846 1,800 13,678 49,280 2,634 29,739 56,140 23,480 1,800 Total 45,567 65,592 111,159 NET INCOMEI(EXPENDITURE) (3,904) 12,016 8,112 RECONCILIATION OF FUNDS Total funds brought forward 33,882 3,914 37,796 TOTAL FUNDS CARRIED FORWARD 29,978 15,930 45,908 Page 9 continued...
.Nemo Arts Notes to the Financial Statements- continued or the Ye r Ended 31 March 2025 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 46,268 46,268 At 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors (Xher debtors Prepayments and accrued income 7,262 498 1,577 300 5,308 1,570 9,337 7,178 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Deferred income Accrued expenses 28,500 1,800 8,500 1,740 30,300 10,240 Page 10 continued...
Nemo Arts Notes to the Financial Stalements- continued for the Year nded 31 March 2025 MOVEMENT IN FUNDS Net movement in fvnds Transfers between fvnds At 1.4.24 31.3.25 Unrestricted funds General fund 29,978 2,235 215 32,428 Restricted funds Agness Hunter Area Budget NHS Endowment Fund National Lottery Community Fund Trusthouse Winter Wellbeing D'oyly Carte Foundation Scotland People's Postcode Lottery 4,141 124 20 11,254 80 311 (4,141) (124) 2,790 (1,880) 2,810 9,374 (80) {113) 195 1,000 11 198 195 1,000 (11) 15,930 (2,138) (215) 13,577 TOTAL FUNDS 45,908 97 46,005 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund 34,966 (32,731) 2,235 Restricted funds Agness Hunter NHS Endowment Fund National Lottery Community Fund Winter Wellbeing D'oyly Carte Foundation Scotland Glasgow Wellbeing fund People's Postcode Lottery (4,141) {5,400) (49,441) (113) (2,805) (2,880) (8,510) (14,989) (4,141) 2,790 (1,880) (113) 195 1,000 8,190 47,561 3,000 3,880 8,510 15,000 86,141 (88,279) (2,138) TOTAL FUNDS 121,107 (121,010) 97 Page11 continued...
Ne Notes to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS- Continued Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Fixed assets 32,356 1,526 (2,378) (1,526) 29,978 Restricted funds Agness Hunter Area Budget NHS Endowment Fund National Lottery Community Fund Trusthouse Winter Wellbeing 33,882 (3,904) 29,978 2,642 809 1,499 (685) 20 11,254 80 (152) 4,141 124 20 11,254 80 311 463 3,914 12,016 15,930 TOTAL FUNDS 37,796 8,112 45,908 Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended In funds Unrestricted funds General fund Fixed assets 41,663 (44,041) (1,526) (2,378) (1,526) Restrfcted funds Agness Hunter Area Budget Inchyre Trust NHS Endowment Fund National Lottery Community Fund Trusthouse Winter Wellbeing 41.663 (45,567) (3,904) 6,750 1,910 2,000 8,010 49,938 5,000 4,000 (5.251) (2,595) (2,000) (7,990) (38,684) (4,920) (4,152) 1,499 (685) 20 11,254 80 (152) 77,608 (65,592) 12,016 TOTAL FUNDS 119,271 (111,159) 8,112 Page 12 continued...
Nemo Arts Notes to the Financial Statements- continued for the Year Ended 31 March 2025 RELATED PARTY DISCLOSURES There were no related paty transactions forthe year ended 31 March 2025. Page 13
Nemo ALS Detailed St tement of Financial Activities for the Year Ended 1 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 2,723 2,768 Charitable activlties Grants Service fees 93,780 24,604 102,908 13,595 118,384 116,503 Total incoming resources 121,107 119,271 EXPENDITURE Charftable activities Wages Rent Insurance Light and heat Telephone & intemet Printing, postage & stationery Marketing & publicity Sundries Workshops & perft)rmance fees Materials & production costs Equipment Venue hire Travelling expenses Repairs & maintenance Memberships Payroll fees Fixtures and ffttings 36,953 13,056 2,256 5,825 676 2,335 1,480 1,460 45,414 2,768 244 3,309 1,586 1,031 160 657 29,739 11,993 2,436 1,647 430 1,639 1,138 2,481 45,559 4,255 86 3,055 2,047 666 90 572 1,526 119,210 109,359 Support costs Govemance costs Accountancy fees 1,800 1,800 Total resources expended 121,010 111,159 Net Income 97 8,112 This page does not form part of the statutory financial statements Page 14