REGISTERED COMPANY NUMBER: SC252241 {Scotland) REGISTERED CHARITY NUMBER: SC034648 ort of the Trustees and Financial Statements for the Year Ended 31 Ju 2025 foi Arts la hland
hland Contents of the Financial Statements for the Year Ended 31 Jul 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Actwities Balance Sheet Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16
Arts la Hi hland Re ort of the Trustees for the Year Ended 31 Jul 2025 The trustees who are also directors of the charity for the purpose5 of the Companies Act 2006, present their report wth the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the prowsions of Accounting and Reporting by Charilie$.' Statement of Reeommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191- OBJECTIVES AND ACTIVITIES Objectives and alms The charrty's aims are.. al To provide training and education in the arts to organisations working with children in the Highlands, bl To direct the training and education at voluntary organisalions and schools, cl To provide children in such organisations wrth direct experience in all aspects of the arts, including.. music, drama, dance, and various forms of visual arts, dl To include children and their families in activities and festivals in which Artsplay Highland are invoed. e} To allow artists to bring their skills. experrence. and qualifications lo Artsplay Highland so that they can share them with childcare workers, youth workers, teachers and the children and young people invofved. Slgnlflcant aclivities Artsplay Highland speckglise in delivering music and arts workshops for children aged eight and under and the adults who care for them. Page 1
Arts la hland Re ort of the Trustees for the Year Ended 31 Ju 2025 ACHIEVEMENTS AND PERFORMANCE Charitable aclivities The charity experienced a number of operational challenges during 2024 which sparked several changes in the year under reew. Follomng the appointment of the new Board and management team in spring 2025, the inrtial months focused on rebuilding the foundation of the charity. Considerable lime was invested in strengthening governance. reviewing policies and procedures, improving financial oversight, engaging with schools & nurseries, secijring funding and planning future delivery of projects starting in the new school year. While this period of development and preparation is reflected in the accounts, which show a notable reduction in expenditure in the year under review, this laid the foundations for the 51gfbificant growth and prograrnme delivery that is planned for the next 1-3 years. Thanks lo the dedication. hard work and belief of our Trustees, Development Managers, music specialists, administrative team, funders and partners, Artsplay Highland has not only recovered bul has gone on to deliver a f8nlaslic PTogTamme of activities for children, families and communities a¢ro$s the Highlands. A parttcularly important part of this journey has been the support of Creative Scotland, through its Multi-year Funding progfamme. This investment, which was secured in early 2025, has provtded the stability and confidence needed to rebuild delivery, strengthen the organisation and plan for the future. Alongside this core funding, we secured funding through the Highland Council's Mental Health and Wellbeing Fund, Soirbhe28 and Bord na Gaidhlig, together with permission from Creative Scotland's Youth Music Initiative {YMI} programme lo complete previously unfinished projects. This has been integral to enable Artsplay Highland to Stngthen and expand its programme delivery now and in future years. FINANCIAL REVIEW Financial position In the year under review, the charrty achieved a surplus on unrestricted funds of £500 and a surplus on restricted funds of £19,065 amhough the surplus on $trIcted funds largety represents funds slill lo be spent at the end of the year. Al the end of the year under review, the charity had £1,473 in unreslricled funds and £36,232 in restricted funds. largely representing expenditure still to be made.. The breakdown of the restricted funds is shown in the notes to the accounts. These amounts were largely held in the bank. Reserves policy The trustees aim lo have reserves at 50°h of recurring expenses, thi5 is estimated at under £10,000. The recent funding secured from Creative Scotland, among othefs, has boosted our reserves to more than £37,000. with further award funding pending. We are satisfied the Reserve$ policy has been met at the lime of signing the accounts. Pag8 2
Arts hland ort of the Trustees for the Year Ended 31 Jul 2025 FUTURE PLANS We will continue building on the strong foundatrons established over the past year, seeking opportunities lo reach mole children, families and communities across the Highlands. We will continue to strengthen partnerships, support our workforce, develop new opportunities for Gaelic language and culture. and explore innovative ways of delivering musi¢ and arts experiences that improve wellbeing, confidence, inclusion and creativity. Most importantly, we will remain focused on our mission of providing fun-filled educational arts workshops for young children, their carers and teachers, in the Highlands and beyond. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The ¢hartty Is controlled by ils governing document, a deed of trust, and constitirtes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitrnent and appointment of new trustees The Trustees are drawn from the local communty and are identified by Cufrent Trustees where it is thought they Mht provKle expertise or experience. Potential new Ifustees are nominated at board meetings and a vote tsken as to whether they should be asked lo join. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number SC252241 Iscotland) Registered Charity number SC034648 Registered offiGe 13 Benview Road Tain IV19 1LW Trustees Ms K M Bain Director (appointed 22.4.25) Mrs A C Campbell Director {appointed 22.4.25) Ms E S Forbes Director lappointed 22.4.251 Ms J L Mackay Director (appointed 22.4 251 Ms A E Mackay Director {appoinled 22.4.25) Mrs E Jack Director lappoinled 22.4.251 Company Secretary Independent Examiner Mackay & Co CA 120 George Street Oban Argyll PA34 5NT Page 3
hland ort of the Trustees for the Year Ended 31 Jul 202 Approved by order of the board of trustees on 29 July 2026 and signed on its behalf by.. Ms E S Forbes - Trustee Page 4
Inde Arts endent Examinerfs Re hland ort to th Trustees of I report on the accounts for the year ended 31 Juty 2025 Sel out on pages six to fifteen. Respectlve responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance wth the lemis of the Charities and Trustee Investment {Scotlandl Act 2005 and the Charities Accounts (Scolland) Regulations 2006 (as amendedl- The charity's Iruslees consider that the audit requirement of Regulation 1011lla} to Ic) of the Accounts Regulalions does not apply. It is my iesponsibility lo examine the accounts as required under Section 4411)Ic) of the Act and lo state whether particular matters have come to my attention. 8a$is of the independgnt exarninevs report My examination was carried out in accordance with Regulation 11 of the Charities Accounts {Scotlandl Regulations 2006. An examination includes a review of the accounting recoTds kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention 11) which gives me reasonable cause to believe that, in any maleTial respect, the requirements to keep accounting records in accordance with Section 44{1 Ila) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations.. and to prepare accounts which accord with the accounting Tecords and to comply with Regulation 8 of the 2006 Accounts Regulations have not been mel,. or {21 to which, in my opinion, attention should be drawn in order to enable a propel understanding of the a¢counts lo be reached. J, David Ross CA The Institute of Chartered Accountants of Scotland Mackay & Co CA 120 George Slreet Oban Argyll PA34 SNT Date.. Page 5
Arts hland Statement of Financial Activilies foi the Year Ended 31 Jul 202 31.7.25 Total funds 31.7.24 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 500 1,000 1,500 1.000 Charitable activities Arts eduCatn 45,452 45,452 42,493 T¢)tal soo 48,452 46,952 43.493 EXPENDITURE ON Charitable activities Arts education 27,387 27,387 74,234 NET INCOMEI(EXPENDITUREI Transfers between funds 500 19,980 19,065 119,980) 19,565 {30,741) 10 Net movement in fund$ 20,480 19151 19,565 130,741) RECONCILIATION OF FUNDS Total funds brought forward 119.oon 37.147 18.140 48.881 TOTAL FUNDS CARRIED FORWARD 1.473 36.232 37,705 18,140 The notes form part of these financial statements Page 6
Arts la hland Balance Sheet 31 Jul 2025 31.7.25 Total funds 31.7.24 Totsl funds Unrestricted Restricted fund funds Not8S CURRENT ASSETS Debtors Cash at bank 15.979 30,251 2,973 43,153 46,126 2,973 43,153 46,126 46,230 CREDITORS Amounts falling due within one year 11.5001 16.9211 18,4211 128,090) NET CURRENT ASSETS 1.473 36.232 37,705 18,140 TOTAL ASSETS LESS CURRENT LIABILITIES 1.473 36,232 37,705 18,140 NET ASSETS 1.473 36,232 37,705 18.140 FUNDS Unrestricted funds Restricted funds 10 1,473 36,232 {19,007) 37,147 TOTAL FUNDS 37.705 18,140 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Jltly 2025. The members have not required the company to obtsin an audrt of its financial slalements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006. The twst8es acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting fecords that comply with Sections 386 and 387 ofthe Companies Act 2006 and {bl 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 ils surplus or deficit for each financial year in accordance wth the requirements of Sections 394 and 395 and which otherwise comply with the reqijirements of the Companies Act 2006 Telaling to financial statements. so far as applicable lo the charitable company. The notes form part of these financial Statements Page 7 continued...
Arts la H- hland Balance Sheet- continued 31 Jul 2025 These financial slalements 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 29 July 2026 and were signed on ils behalf by.. E S Forbes- Trustee The notes fomi part of these financial statement$ Page 8
Arts la hland Notes to the Financial Statements for the Year Ended 31 Jul 2025 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charitable company, which is a public benefrt enlity urbder FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Ststemenl of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has enlitlemenl to the funds, it is probable that the income wll be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefrts WTII be required in settlement and the amoijnt of the Obl8t10 can be measured reliably. Expenditure is accounted for on an accruals basis and has been clasSifd under headings that aggregate all cost related to the category. Where costs cannot be directty attributed lo particular heading$ 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 Tates in order to write off each assel over its estimated useful life. Taxation The charity is exempt from corporation tax on its chairtable aclivrf(ies. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can On be used for particular restricted purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular Testricted purposes. Further explanation of the nature and purpose of each fLtnd is included in the notes to the financial slatemenls. Page 9 continued...
Arts la H. hland Notes to the Financial Statements - continued for the Year Ended 31 Jul 2025 INCOME FROM CHARITABLE ACTIVITIES 31.7.25 31.7.24 Activty Arts education GTants 45,452 42,493 Grants received, in¢luded in the above. are as follows.. 31.7.25 31.7.24 Creative Scotland Bord Na Gaidhlig The Corra Foundation Beinn ThaTsuinn wind farm Caring & sharing grant Soirbheas Highland Council 29,027 3,800 32,708 3,800 5,985 500 500 1,937 9,688 45,452 42,493 TRUSTEES. REMUNERATION AND BENEFITS There were no tTUStees' MneratIOn or other benefits for the year ended 31 July 2025 nor for the year ended 31 Juty 2024. Trustees. expenses There were no trustees. expenses paid for the yeaf ended 31 July 2025 nor for the year ended 31 July 2024. STAFF COSTS The average monthly number of employees during the year was as follows.- 31.7.25 31.7.24 Development officers No employees e1Ved emolument$ in excess of £60,000. Page 10 continued...
Arts la hland Notes lo the Financial Statements - continued for the Year Ended 31 Jul 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrieted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,000 1,000 Charitable activities Arts education 42,493 42,493 T¢)tal 1,000 42,493 43,493 EXPENDITURE ON Charitable activities Arts education 13.421 60,813 74.234 NET INCOMEI{EXPENDITUREI Transfers between fund¥ 112.4211 1,066 {18.320} 11,0661 (30,7411 Net mov¢menl in funds {11,355) {19,3861 {30,741) RECONCILIATION OF FUNDS Total funds brought forwald 17,6521 56.533 48,881 TOTAL FUNDS CARRIED FORWARD {19.007} 37,147 18.140 TANGIBLE FIXED ASSETS Plant and machinery COST At 1 August 2024 and 31 July 2025 10,264 DEPRECIATION At 1 August 2024 and 31 July 2025 10,264 NET BOOK VALUE At 31 Juty 2025 At 31 July 2024 Page11 continued...
Arts hland Note$ to the Financial Statements - continued for the Year End 31 Jul 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.25 31.7.24 Other debtors Accrued income 7,271 8,708 15,979 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.25 31.7.24 Bank loans and overdrafts (see note 9) Trade creditors Accrued expenses 24,556 343 3,191 1,586 6,835 8,421 28,090 LOANS An analy$i$ of the maturity of loans is given below.. 31.7.25 31.7.24 Amounts falling due wthin one year on demand.. Bank overdrafts 24,556 Page 12 continued...
Arts la Hi hland Notes to the Financial Statements - continued for the Year Ended 31 Jul 2025 10. MOVEMENT IN FUNDS Net movement in funds Translers been funds At 31.7.25 At 1.8.24 Unre$tri¢ted fund$ General fund 119,007) 500 19,980 1,473 Restricted funds Music Matters Wee Ceilidhs Music in Mind Wee Music Matters Lit Up With Music PEF Sessions AMC & Other projects Multi Year Creative Scotland Soirbheas 4,900 3,421 613 5,393 14,901 2.522 5,397 {3,5731 11,114) 9,075 15,614} 1,943 3,270 2,307 9,688 511 732 {14,9011 12,5221 15,3971 19.945 346 19,945 511 165 37,147 19,065 (19,9801 36.232 TOTAL FUNDS 18,140 19,565 37,705 Nel movement in fLtnds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 500 500 Restricted funds Music Matters Wee Ceilidhs Music in Mind Wee Music Matters Multi Year Creative Scotland Soirbheas 5,800 {9.3731 11,1141 {6131 15.614) {9,082) {1,591) (3.5731 11,1141 9,075 {5.6141 19,945 346 9,688 29,027 1,937 46,452 {27.3871 19,065 TOTAL FUNDS 46,952 127.3871 19,565 Page13 continued...
Arts la hland Notes to the Financial Statements - continued for the Year Ended 31 Jul 2025 10. MOVEMENT IN FUNDS- ¢ontinued Comparatives for movement In funds Nel movement in funds Transfers between funds At 31.7.24 Al 1.8.23 Unrestricted funds General fund {7,652} {12.421) 1,066 {19,007} Re$tri¢ted funds Music Matte1$ Wee Ceilidhs Music in Mind Wee Music Matters Lit Up With Music PEF Sessions AMC & Other projects 17,898 112,2671 3,421 {2741 {9,2001 17311 4,900 3,421 613 5,393 14.901 2,522 5,397 14,928 14,901 2,522 5,397 {335) 56,533 {18,3201 11,066) 37.147 TOTAL FUNDS 48.881 (30.741} 18,140 Comparative n8t movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 1,000 (13,421) {12,421) Restrlcted fund$ Music Matters Wee Ceilidhs Music in Mind Wee Music Matters 29.998 3,800 5,985 2,710 {42,2651 13791 16,259) 111,910) (12,2671 3,421 12741 (9,200) 42.493 {60,8131 {18,320} TOTAL FUNDS 43.493 (74,2341 130.7411 Page 14 continued...
Art$ la H- hland Notes lo the Financial Statements - continued for the Year Ended 31 Jul 2025 10. MOVEMENT IN FUNDS- ¢ontinued During the yeai under review. the charity's Trustees ievtewed the position with the opening fund balances and noted some of the funds showng as having funds held. were in fact projects that had been completed and reported on, satisfactorily, to the funder in question. It was recognised Ihat expenditure against these funds had not been correctly recorded in prior years with the expendrture being shown as unrestricted. This led lo an apparent overdrawn balance on unrestricted reserves brought forward. It was decided that transfers should be put through to recognise the projects that had already come to completion and reduce the balances held for those projects lo nil. The balances were transferred to general funds. "Wee Music Matt8rs' Provides classes to toddler and parent group$. "Music MalleTs' provides classes lo Nursery age Childn. "Music in Mind" provides classes lo P1-2. On occasion. Wee Ceilidhs" are put on for toddler-P2, too. These projects are primarity funded by Creative Scotland, Bord na Gaidhlig and Highland Council. 11. RELATED PARTY DISCLOSURES There were no related party transactions lor the year ended 31 July 2025. Page 15
Arts hland Detailed Slalemenl of Financial Activities f r the Year Ended 31 Ju 2025 31.7.25 31.7.24 INCOME AND ENDOWMENTS Donations and legacies Donations 1,500 1.000 Charltable aetivftles Grants 45,452 42.493 Totsl incoming rosour¢o8 46.952 43.493 EXPENDITURE Charitable activities Wages Workshops Materials Evaluations Adminislralion Research Travel Plant and machinery 12.782 1,198 10,144 46,062 451 1,153 6.525 4,583 2,579 734 1.327 9,210 338 24,855 72,231 Support costs Governance costs A¢¢ounlancy fees 2,532 2.003 Total resources expended 27.387 74,234 Net incomel{expenditure} 19,565 130,741) This page does not form part of the slatulory financial statements Page 16