2025-07-31-accounts

FRIENDS OF BRITANNIA PANOPTICON MUSIC HALL TRUST (scio) ANNUAL REPORT ANI) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 scorrIsH REGISI-ERED CFJARITY NUMBER: SC029031

FRIENDS OF BRJTANNIA PANOPTICON MUSIC HAI..L TRUST (SCIO) (REFF,RRF.D TOAS fBPMI-IT) ANNUAL REPORT FOR TFIE YEAR ENDED 31 JULY 2025 FRIENDS OF BRI'fANNIA PANoFficoN MUSIC HALL TRUST (SCIO) The financial statements coinply wilh ciirrent statutory rL'quircmcni8, and the charity's rules and regulalions. OBJECTIVES ANDACTIVITIES The charity's objectiv¢s and aims are.. lo advance the conservation and presci'valioii of the Britaniiia l)aiioplicoii Music Flall and ¢nsure th¢ building's future a5 a viablc visitor allra¢iioii and a living Inuseum of popular entertainments from tlie miisic hall auditorium lo the ¢illic ai'eo. To promot¢ the involvement of the community in diis unique biiilding as a learning, ai'chival and educalional resource for ihe wid¢r comtnunity and to engendei. further volunteer support lor the day to day rlinning thereof. To always promote and hold th¢ musi¢ hall as a building of historic interesl and importance and to secure its permaiient pirscrvation for the benetit of the public as an outstanding cxamplc of a Victoi'ian Music Hall and a rare survivor of its genre. 'ro facilitate the use of ils premises on siich tenns as the Ti'iistees deem fit for any purpost, public or private, and in particular foi. niiisic hall and other pcrforman¢¢s, Meetings. exhibitions, leclures, dinneis and other entertainmentS- dlsD, for shops, restaurants or business premises to enable the foregoiiig PLirposcs to bc carricd out cffcctivcly as required. SUMMARY OF 'fHE MAIN AL'fivi'i"IF.S IN RP,I,A'I'ION TO THESE OBJEC'I S ConservatiOFF andpreservalion During this financial year a new feasibility shidy lias bccn commissioned by the FBPMIIT and Panopticon Trust and a first draft lias been coiiipleted. .1 lie Panopticon 'lrust (the BPI"

e5tablish¢d in 2018 foi. Ili¢ sol<; i)vi'yy.s¢ of(le1c l ing? w'jili Ilie acquisiti()n of the music hall, stakeholder manageinenl, and 4L'JelDiiincnl of tlie le<,sibilily sliidy) lcd Ihc way with the ncw study. Unfoitlinatcly. +he P(InoiJli¢<)ii '[ rLisI wLI'e iiol able to iiegotiate a way foi'ward with the ownei's ot'lhc biiildii)L 211d ilie staf'f of Ihc Bi'itEl111iia Paiiopticon and the FBPMHT diiY¢tor, Judith Bowei-s. fcli tl)tsl Lhi: di¢ift fec2sibilily stLidy was incomplete and rcquired several significant ¢han(ycs. TIIL triiNILes agi'ccd witli Ilic fiiidiiigs of directoi. and the staff and <ifter a meeting witli the l)aiiopticoii I I'iisl il was dg71'¢ud ihal ￿1r8 Bowers dnd lh¢ siaft- ot. Britannia Panopticon woiild voinliiiiie tlie work on the li",IsibTI ity slLidy with the ai'chitect, MelaniL" Hdy ofHamiltoii HLly Vrfin .loiiker Ai'chilccls li) 2026. Operation and community involvcincnt 'I'lie community has conliniied lo b¢ inivaived in tlie work of the FBPMHT wilh d series of open days kmd cven15 operated by ilie Dirtsctor, st49tf of thL Ri'itannia Panopticon Music Hall and trustees of fBPMI i-r ii)cliidiiio: Silcnl Filiii nights witli live band, miisic hall shows, Laurel & Hardy F. ilin NigFlItq Sioi-ylelliiig7 Lveiils. Paiilotniime aiid a mvnihly coinedy Llub giving aspiringy coiiii(lians the LlianLL lo sland on ihg very stage where Stan LaLirel made his debut. The Glasgow International C.oinedy festival a180 hostcd a couple of festival eveiits in the music hall. Th¢ celebi'ation o F Sian L.aiircl and his del)ul iii Ihc building is ai) eiiduring appeal to the public. e5pcciall J. lo coiiiedians froni acros5 111¢ g'l(Ibe. I'he second year of Th¢ Laurel Awards, Ilie Pai)opliLiiri % (Iwii award eiiLoi117g7iiigy new comedy talcnt was also laiinched dLiring tlie CJ icf. i'lic finJl in Jiily was a sell oiit siiccLss. The final of thc Scoltisli Poetry Slaiii ivas h¢ld iii tlic Panopticoii Nvith the winner going on to coinpcte at the World Poeli? Sla￿. This financial year has a150 sccii a iiew ILlatioiiship develop willi GMAC in 103 Tron&Jale. I'he Britannia Panopticon also coiiliniies lo allra¢l Schools ¢md institutions of turther education and this year has seen piipils froiD Oal<giDve Prirnaiy School cngagiiig with the history of the building as Pc1rt of a scliool projcct witl) tIIL charity, Magic Torch Comix. The Olltcome of the projcct was the creation of a comi¥ book deviscd by Ihc school Children and based on the stori¢5 told lo Ili¥ni ivli¥n they visiled Il)e buildii)g. 'I'he resulting coimic book was litled The Panoplicon Aftei- l)dl'k ¢ind fLatLired a iiuinber of characlcrs from the history of the biiilding and mtJ%ic hall. Local musician, Keniiy LVlcMiiiirF<il iilso iised tlie IKiisic liall foi. the launch of his collection of Glasgow folk si?ngis eiiliilcd HLai'l of IliL City. Commiinity Interesl C"OlMpaiiv, .li1sanii, also iised the Iniisic Ilcill lor the laiiiich of dn aiiihology of stoi'ies Kvi'iltcn LIV 1¢ IILiinl)ei' of writeis wh() slrii()<)Ic with varioiis neuro- divergency. Judith Bowers was en(Jaged tc) dn talks t-oi. tlic UJA ill thc uiiivcrsity of Glasgow and tours for Scottish Gradiiate SLliool for Ai-ls SL Huiiianitics ancl C-,lasgow City Heritage Trust.

Jam Hot. a Lompany that orgJ<iiiises Inolivdlioiial talk% lor the cominLinity, hosted an evcnt i the music hall inspiring new 8LOttisli Lntrep￿lleurs. The Scottish Civic Trust Inade ¢in initial vi8it with soiiie. ol'iliLir slatyand clienls with diverse protected chai'actci'istics. It is h()ptrd ihal u rLla i()1'1£51ip between ihc Scottish c.ivic Triist and Britannia PanoptiLon MLISIC I lall will bc l Lirihei. Llevclopcd iii the next financial year. Publicity and Marketino Social media platfornis sucli &iS l-.aL'LbooK, Tik'l ol<, Ingt<lg'i'aiii, LinLcdln, t41iieSky and th¢ websit¥ continLIL lo lic tIiL Inain advcitising tools. In addition activities are advertised in ILallL.tb prodiiced by the £latTieam in the miisic hall. Jiidith Bowers also launched thL first bool( in a trilo¥l)y SLL 111 Ilie Panopticon in 1908. The first book is called Thc Ma(Fic Lanlei'n and il l)as beeii writtcn lo cncouragc people of all ages and backgroiinds to lake ali iiitci'e5t in the Eli'itai)Iiia Pcinopticon Miisic Hall, even .ht not enjoy l)isiory. The boolis al'e bas¢d oli I'eal historic event5 timc though they mi" tr2velling through the lens of the Ill1& gic lanteiii tliai 18 on displdy in Ilie music hall. Angus White of Direct Di%tribLitioii ver)1 kiiid Iy P¢iicI toi- IL¢illLiS aLlvertising Britannia l)anopticon which weit algo disiributcd by An¢FLlS WliifL q Loinp1c Ily to hotels, travel hubs, b￿'S and Ihealres. walkingy tour aboLlt Gla5gFow's enteitainimLnt Iiisioi'y culiiii1il< ling in the Brit1< niiia Panopticon was devised 10 proniole Ilig niii.qio l)iill Liiid ledl". -'15 adiyeitisingj ihe walking tour were dislribiitcd through the TIC oli Biicliaii(In 8tKcl. The music hall was furthei. pi'omoted diirin¥ a seri¢5 of eoi)IlTILiniiy podcasis by CIC Jasami. ACHIEVb.M b'N'I'4 ANI) PI.'RF()RMIlNCL Summary ofihe pliciin aeliievemenlj of ilie Lhai'ily cliirip7g Ihe./inaneialperiod In the interests ot. Lredtingy an inclusiv¢ enviroiiiiiLnt wliLYlclidir access 1£ Iiow available via a Stair Cliinbcr which was gifttrd to lis by a private anonymoiis doiiL)r. I i is lioped thai in the coming financial year, I" August 2025 - .31"JLily 20?6 tliis will open liinding revenue lo support an education program and morc coiiin)Linily Iise. We Iiavc succcssfully Inanaged lo L'n¥agyL Wlth iyjoru oi'gaiiiJiltions within the ommunity such as Jasami. GMAC and thc Scottisli Civic I"rust. Although it is far from finished, significant progi'ess ha% been made with the compleiion of the lirst pari of a teasibilily stlidy lor thc fiitiire ol- ilie iii'.Isic hall. Visitor numbers increased this ye¢ir dLie lo Ilie laLincli ) Ar)I'jl ?025 ol'a series or walking tours fociising on ihL eiitertaiiiinLni kiistoi'y ot- G l&lSLYOW. Tlie loiirs started from the St Enoch Stibway Station and cndcd in Ilic Bi'itaiinia l)qnopiicon wliere the visitors

werc given a brief history of ihe inLlbiC hall and a Lliance to look at the exhibits and enjoy the music hall. There has been a notable rise in intcrcsl from tlic piiblic in gcn¢i?I due to the increase in PLiblicity from the walking loui's Ri)d Icaflet distribution. Also, confidencc is starting to return to th¢ iiitemational lourist industry, which we hope will in¢i'eas¢ furth¢r in the coming financial year. Significant Events Doors Open Day in Septeinber 2024 saw attendance ii)crease on the pr¢vious year, how¢ver it is still significantly les5 than pre-pandemic leve5s. Wc received a vcry kind donatioii froin our electriciaii, Davy Diitch, who paid for and installed new lighting foi- the charity in the ba¢kstag¥e and slafrfa)Eas which had been cast into darkness after the ancient PJlrip li￿t5 finally dieiS. In July 2025 we received a very kiiid donation from an anonymous donor of over £8,000 to enable us to purchase a slair climber which will convey wheelchairs iiscrs safely up the stairs to the music hall aiidiloriLIIII. The Magic Lantern was laiinched. The Magic Laiitem books designed to engage members ofthe public in tlic history of tlie Inusic hall and Glasgow. Using real ¢v¢nts. people and plaGes. the story is tuld ovei. three books.

ANNUAL REPORT FOR THE YEAR INDID 31 JULY 2025 FINANCIAL REVIEW ITh¢ Charity reported total incoming resources 01 £55,847.4? t"oi' the year ¢nd¢d 31 July 2025 (2024: £59,372.69). Total resourccs expended diiring ihe year were £53,649.17 (2024: £59,963.15). This has resulted in a net surplus of £2,198.25 for the year (2024: deficit of £590.46). At the year end, the charity Iield totsl tunds of £12,745.25 (2024.. £10,547.00), all of which are unrcstrictcd and available lo buppoi-l Ihe ()ngoing aclivities of the charity. During the year, the chkuity received restricted iiicomc of £8,270, which was fully utiEised in accordance with its. iniended putyi)sc. 'll]e charity continues lo operate on a i'eceipls and P<iynieiits basis. During the year, a stair climber was purchased, funded by an <inonymous donation, and has b¢¢n treated in line with this basis of accounting. Th¢ trust¢¢s r¢maiii fo¢useLI on inaintaining financik)I s￿bilItY wliilc continuing to support the preseivalion aiiil promotion of thu Elril¢iniiia Pcill()Pticoii Miisic Hall. Whil¢ exlemal progress relating to the widei. Panopticon"I"nist lias been limited, the charity continues to progress its objectives tlii'ougli its DWII <lLilVlties and p￿ttnershIps. Reserves policy It is the policy of the chai'ily lo use Linrestricled reserves lo assist in the acquisition, rescue and conservation of the Britannia Panoi)ticon Music klall in 11ddition to meeting nornial operational costs. Restriclcd rescrves relate to timing differences between receipt of funding and ¢xp¢nditure oli irstricled projects. Golng Concern

Aftcr a grim few ycars of pand(,Inic aiid post paiideinic ti'adii)g7. wc are optimistic that Ihe coming year {2025- 2026) will pi'ovi(le a i)ioi'e posiliv¥ Oliilook loi. louri5m and the economy which will be i-enected iii oiii. visiloi. IlLllI)bers and Iradiiig. We, the trustees. reniain confident tliat Ihc music hall and ¢lidi-ity reinain a IToinu? ¢oncern.

FRIENDS OF BRITANNIA PANoiyficoN MUSIC HALL TRUST (SCIO) ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 Future Plans During the ncxt financial ycai. we intend to: improve and hopefully compSele the teasibiliLy sliidy wiiih Hainilton Hay Van Jonker Ai'chiteLtS Complete negoliatioiis witli the owners of ihc bii'.'Iding Create a more divvibe progrnm ofevenls espeLially for tainilies Fiirther develop oui. relationship willi the Scottisli Civic Trust and otlier community organisations Attract more funding for the dcvelopmeiit ol'course stlidies and education plans for schools and inslitLltions of furthei. education Increase visitor niimbers Continue to work towards a siistainable fiiture STRUCTURE, GOVERNANCP, ANI) MANACJEMFN'I, Governing documenl On 10 October 2016 ilie Triist convcrted to a SCIO (Scotti51i CliaL'ltable In¢orpordled Organisation) governed by a constiliilion. Recruittnent and appointinent of ii¢w tl-USt¢¢s Trustees are appoinled by the existing trLlSteLS upon rdtifityaiioii by Ihe m¢mbers. K¢y manag¢mtiit The trnstees and the Direclor are the key management of the Trust being responsible for the decisions as to the strategy and diiEcting, controlling, rlinning And operating the campaign. the venue and the Trust.

FRIENDS OF BRITANNIA PANOPTICON MUSIC HALL TRUST {SCIO) ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 REFERENCE AND ADMINISTRATIVE DETAILS FIUENDS OF BRITAKNIA PANOPTICON MUSIC HALL TRUST (SCIO) Registered Charity number SC029031 Prin¢ipal address 113-117 Trongate Glasgow GI 5HD Trustees Lawrence Dunn - Chairman Nick Barrett - Secretary Gary Graham - Treasurer Graham Hunter- trustee Tom Kelly - truste¢ Veronica Low - trustee Director Judith Bowets Independent examiner Erik M¢Call EDA Professional s¢rviGes LTD Suite334, Baltic Chambers 50 Wellington Str¢et Glasgow

FRIENDS OF BRITANNIA PANOP I'ICON MUSIC IIALI. TRUST (SCIO) ANNUAL R￿P0K'I' FOR THb YEAR ENDED 31 JULY 2025 STATEMENT OF TRUSTEEJ RESPONSIBILITIES The trustees are responsibl¢ for pi'cpai'iiig the Rcport of tlic Ti'uslees and the financial statements in accordanLe with ¢ippli¢abl¢ laiv aiid rtgulalioiis. The trustees are also responsible foi. ensuring that adequate aLcoiinting records are tlldintained that are sufficient io show and eAplain lh¢ ¢hai-ily Iransactions and dis¢lose with rcasonable accuracy at any time th¢ findncial positioii of the cliarity and enable them to ensure that ¢hc accounts comply with thc Charities and Ti'iist¢c Investment (Scotland) Act 2005 and the Charities Accouiits (S¢otlai?d) Regiili< tions 2006. '1'hey are also responsible for sk)feguarding the assets of-the vharity aiid en5uringJ ilieir proper application in accordance with charity law, aiid hLn¢e for taking Itasonable step8 tor the prevention and detection of fraud and othci. irreglilai'ilies. Statement as to Disclosiire of Information to Ind¢pend¢iit EYamin¢r So far as th¢ Irustee5 are awai'e. thcrL is no I'elevant infoi'ii)atioii ofwhich the charily's Independent Examiner is unawai'c and Lacl) truslec has takci) all thc steps hclshe ought to havc tak¥n as a Iiwstee in ordei. to Inake liiinselflhcrsclt awarc ot any i'elevant information and to establish that the charity's Independenl Exdirincr is awdre of that infomiation. Independent Examiner Erik Mccall in EDA Professional services LTD, acted as independent examiner for the year ended 31 July 2025 and has indicatcd his willingness io ¢oii¢inu¢ in oifice. Approved by order of thc board of triislees on {1910J12026) and signed on its behalf by.. L Dunn Chairman Trustees

I Itport on the finaiicial sl<ltei)ieiilb C)f l. I'iends of Bi-ilaiiiiicl Paiiopticoii Music Hall I"rust (scio) toi. the yeai- elided .1 l July 2025. which arc sel oul on P¢igJe5 9 to 13. l-his report is made solLIy LO tIIv Lil£ll-iIy's L1'USteLS, £15 a body, in ¢1Lcordance wilh RLgulation 11 {3) of the Chai-ilics Accoiiiil-., (,8('.ntlai)Il Rcgiil<llioiis 211nCI. My indcpcndent examinei s woi'k has be¢n undcitakcii si) Iliclt I IniL,ht stc11e to the chai'ity's ti'iistees those matters ain required to statc to ihein iii indepLndLlIt Lxainiiier's i-epoi'l aiid for no other purpose. To Ihe fiille81 extent perinittLd l)), lai¥. l (lo not accept or a.%siime Irsponsibility to anyone other than the charity. the chai-ity's Inoinbcrs 1¢ S cl bodv diid thc chai'ity's trustecs for my independent exainincr's work. foi. tliis i'cpoi1. or foi. the opiiiioiis I have formed. Rcspective responsibilities of Ilie Lrustees aiid indepciidLlIt exaininer The cliarity's trustees are rcsp0115iblc foi- Ilic pi'epai'alioii ofr the fiiiancial 5tateiiients in accordance with the lei'ms of Ility fharilies Trustee Iiiveslinenl (SLotland) Aci 2005 and the Charities Accounts (Scotland) RcgLilali0118 200() (<lS aiMcndcd). The charity's trustees considci. that thc aiidit rcquircmcnÉ of RcgLilalion l O (l ) (d) of the Charities Accounts (Scotland) Regulations 2006 doe￿ nol apply ai)d Iliilt an iiidependent examination is needed. It is my i.espon5ibility to: examine the financial sldlciiir.iit5 I'cquil'ed Linder 5eclioii 44 (1) (c) of the Act and to stale wligther particular Inallc1-s ha'iv tionie lo Imy dltenlion. Basi5 of independeiil Lxair iiiei % I'er.orl My examinatioii is cai-ried out ip. c?ccoI'd8iicc Kvith Rlgiilalion I l of the Charilics Accounts (Scotland) R¢gulalioii.% 200C). Ali LAaininalioii iiicliides a rcvicw of Ihc accounling records kcpt by the charity and a coinparis011 of the fin<lncial staleineiils presented witli those record It also includes con5idcration ol- any uniisual ilems or ditsclosui-L5 in the linancial slaleiiieiits aiid seeks explanations frvni the trustee5 coiicerning any SLILh m¢llters. ThL procedures Liiiderlaken do not provide all thc cvidcnce that woiild be iYqiiirL.d in <in audit, aiid conscquently iio opinion is givcn as to whcthei. the fiiiancial stalcnients pi'csent a 'triie aiid fair, vieiv and the report is limited to thosc mattcrs sct out iii the statcmciil bclow. Independent exaininei'5 Stateiiif'nl In (lie course of my exdminatii)n. iio iiialt¢i- h¢lS com¢ to Iny att¢iilioii- (l ) whicli gives me reason2L blc c?J.%L ID heliLve that iii dlly InRlei'ial re.%pecl ihe requirement5 to keep accounting I'ccoi'd% in accoifl(Iiioe scctioii 44(1) (a) of tlic Cliai-ilics and Trustee Invcstment (Scotlaiid) Act 2.00fj LTrl?(I licgii11< lion 4 of tlic Cliai'itics Accounts (Sco¢land) Regiilalions 2006. to prepare financial stalcii]eii'LS wliicli accoi'd with tlie accoiii11iiig records, and

to pr¢par¢ financial statements whi¢h Comply with the arxounting requirements of Regulation 9 of the Charities Accounts (Scotland) Regulations 2006 have not been met. or (2) to which, in my opinion, atlention should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed ￿ MCc_4ll_... Erik Mccall EDA Professional Services LTD Suit¢ 334, Baltic chamb¢rs W¢llington St Glasgow Date: If i f 1201£

FRIENDS OF BRIIANNIA PANOI)I'ICON MUSIC HAI.L"I"RUST (SCIO) AKNUAL REPORT FOR TFIE YEAR ENDED 31 JULY ?025 Notes Unrestrictc Restricle Total 10 RECF.IPTS Donations , Legacies , Loans 4,285.35 8,270.00 12,555.3 Charitable Activities 24,339.09 her Trading Activities 18,952.98 Investment Total Reciepts 47,577.42 8270.00 55,847.4 PAYMENTS

Raising Funds 8891.i9 Charitable Activilies Support ofThe Britannia Panopticon Music I lall 36,487.58 850 37,337.1 Purchas¢ of fixed assets 7420 Total Payments 45.J7L).17 8270 53649.1 Surplus l Deficit for year 2198.25 2198.25 Nct Movcmenl 2198.25 RECONCILIATION OF BALANCLS Total Brought Fonvard 10547 'rotal Carried Forward 12,745.2 CASH IN HANDAI. BANK OPENING BAI,ANCE l U547 Net Movement 2198.25 CLOSING BALANCE 12,745.25

FUNDS Unrestricted 12,745.25 Restrictrd TOTAL 12,745.25 3. Other Trading Activities 2025 2024 Shop Sales 3128.52 6369 Bar Sales 15824.48 22094 28463 4. Raising Funds Cost of Goods Sold 2030.73 5548 Bar Cost 6860.88 6599

1. CHARITABLEACTIVITIES COST DIREcr SUPPORT TOTAL COSTS COSTS 35609.47 1727.70 37,337.17
2. DIRECT COSI'S OF CHARITABLE ACTIVITY 2025 2024 Administrntiv¢ Running costs 6629.47 13002 Salaries 28.980 30639 Repairs and Maintenanoe 396 12
3. SUPPORT COSTS Independent examination fee 1727.70

4. Trustees Remunerdtion There was 170 PEnuneralionpaid lo Ilwlees

5. Movem¢nt in flind5 InLoining rcsoiirccs LxpLndcd Moveimeiit UNRESTRICTED CJeneral fund 47.577.4? j,379.17 2198.25 RESI'RIC'I" 8270 R270 TO'fAL FUNDS 55847.42 53649.1 2198.25

FRIENDS OF BRITANNJA PANOPTICON MUSIC HALL TRUST (SCIO) AKNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 ACCOUNTING POLICIES Accounting convention The financial slateinents have been prepared under the historical cost tyonvention. 13 The prin¥ipbil ￿c0unlln8 policies adopted in t]ie preparalion ofthe financial statements arc as follows. Income All income is accoiinted lor on a receipt's basis. Resources expended Resources expended are aLcounted for on a payinents b<lSiS and ar¢ recognised when thee expendilure is paid. Expenditure is inLliisive of VAT. Charitable activities These are costs attributable to tlie objects of ihe charity. Support costs Support costs include governance costs attributablc to compliance with the charity's conslitiitional and slatutory requiiriiienls. und accounting Funds held by th¢ charity arc eiih¢i': Unrestricted funds - these are tunds which C¢ln be used in accoi'dance with the charitable objects at the discretion ot thc Irustees. Rcstricted funds - thcse are funds thal oiily l)e used l.or Ilie particiilar or restricted purpose as sp¢cifi¢d by Lhe donor.