Charlty Y•gl$tratlon number SC035750 IScotland} Company règi$tsation number SC267273 IScotland} SHONA REPPE PUPPETS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
SHONA REPPE PUPPETS LEGALAND ADMINISTRATIVE INFORMATION Trustees Simtsn Hart Gill Robertso Hazel Wolherspoon Secretsry Gill Robertson Charity number Iswyandl SC035750 Company number SC287273 RegistÈf•d offie• 22b High Street East Linton East Lothian EH40 3AB Indepand•nt oxamlnar M¢FsddenAssoryatas Mi(ed 19 Rutland Square Edinburgh EH12BB
SHONA REPPE PUPPETS CONTENTS Pag Trustees. rèport Independent examinerfs report Slalemenl of finanual aCtive5 Bal8n¢e sheet Notes lo the finanagl statements 6-12
SHONA REPPE PUPPETS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Twslees present their annual report and financial statements for the year ended 30ApTiI 2025. The accounts have been prepared in accordance with the accounting poliaes set out in note 1 to the accounts and comply with the Charity's artides of assouation, the Companies Act 2006 the Charthes Accounts (Scotland) Regulations 2006 las amended) and under the requireTllents of A¢counting and Reporting by Charities.. Statement of Recommended Pr8¢ti¢e applicab to chariUe5 PTepaiing their accounts in accgrdance wth the Financial Reporting Standard applicable in the UK and Republic of IrelarKI IFRS 102){effedive 1 January 20161- {Chariti&s SORP IFRS 1021). Objèctives and activiknes As stated in the Memorandum of Association120001 Shona Reppe Puppets, objects are= 'lo advanc8 public education by the encouragement of the perforrning arts, induding without limiting the foregoing. the arts of PL4ppetry. drama, ballet, dance, mask, mime and music In furtherance ofthe statéd objects, the CAJmpany 5hall- "Present. promote. organi$e, manage, produce and re(x)rd such plays. dramas. comediès, operas. ballets, concerts, recitals, films, videos, radio and television broadcasts, all kinds of audio, wsual and muttlmedia productions and other events, community arts a¢tivi11gs and performan5. Achievements and pefftimian¢e Significant aclivthes 8nd 8chigvements against objectives Development on a new piecè èntitled The P1 of Wasps continued over the year. Thi$ induded research into wasps and IheiT importance to the natural world, and the creation of a lesl album with new tracks. Idèas were tested Wtth public audiences through sharing5 and walkabout perf0mlanS at a summer festival. Plans for fvfyre p•rlods It is hoped the Cieation of the Pointof Wasps as a theatre-gig show will hapn in 2026, pending funding. Financial rnvi•w The results for the year are set out in the Ststement of FinancAal Activities. Thg charity made a deficit of £15,386 for the year12024.' surplus of £13,655) of which a defiril of £13.84712024'. surplu5 of £15,333) related to Restsicted Funds. The charity has totsl funds (¥rried forward at 30 April 2024 of £7.250. These funds are represented by Unrestricted Funds tsf £4,488 (2024- £6,02n anrl Restricied Funds of £2,76212024- £16,609}. The Board adopted a formal reserves policy to have three months running costs in Unrestricted Reserves. which is approxitllalely £8,500. Maiorrisks Rlsk Management The Trustees are satisfied that they have identified the main areas of risk and that steps are being tsken to minimise thè potential impact of these risks on the lrfe of the charity. structure, gov•rnancè and management The ¢ompany is limited by guarantee and a regislerod charity ISC0357501
SHONA REPPE PUPPETS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 The directors of the charitable company Shona Reppe Puppets Limile(l. are ts Trustees for the purpose of charity law and throughout this rèport are collectivety referred lo as the Trustees. The Trustees who sewl during the year and Sin the year end were as follows= Simon Hart Gill Robertson Hazel Wotherspoon Recruilmenl and appointment of trustegs Directors are ¢urrenrfy reemitad for thèir understanding and stjpport of the work of the company and speaalist skills and knoedge. Currently the diTect915 have skills in the areas of running a charitable organisation. fvndraising, public funding for art5 organisations. management and marketing and audience development for the arts. 0nisatiOnal structure Oryanisational Management The Board of Trustees meets lce yearfy and is responsible for setbng the policies that dI¢t Shona Reppe Puppets, acbmtses and to keep up to date with changes in legi51alure. Shona Reppe 15 the founder and artistic director of Shona Reppe Puppets and makes decisions on the artistic programme and output of the charity. Trustees develop the 51rategic plan ft>r the Company in collaboration with thè Shona Reppa. On behaw of the board of Trustees Gill Eobgrtso Gill Robertson lJaD 21, 2Q26 18..45..12 GIITI Gill Robertson Trust•• 21 January 2028
SHONA REPPE PUPPETS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHONA REPPE PUPPErs I report on the financial statements of the Charity for the yeat ended 30 April 2025, which are set Otrt on pages 4 to 12. Respective respon¥ibilitie$ of Tru$ts•$ and oxamlnor The Charity's Twslees. who are also the directOf5 of Shona Reppe Puppets for the purposes of company law, ara re5pon5ible for the pparatiOn of the financAal statements in accordance with the terms of the Charrties and Trustee Investments IScoll3ndl Act 2005 and the Charities Accounts IScolland} Regulations 2006. The Trustees consider that the auilil iequir8ment of Rsgulation 1011}lal to Icl of the 2006 A¢¢ounts Regulations does not apply. It is my responsibility lo examine the finanaal statements as required under section 44111(cl of the Act and to state whether particular matters have come to my attention. Basis of independent ttxaminèrfs statement My ex3min3ti¢n is carrièd out in accordance wlh Regulakn"on 11 of the 2006 Accounts Regulations. An examination includes a rewew of the accounting records kept by the tharity and a comparison of the flnan¢ial statements presented wtth those records. It also includes considerab.on of any unusual items or disclosures in the nancial stalemenls, and seeks éxplanations from the trustees concerning any sueh matters. The procedure3 undertaken do not piovide all the evideni that would be required in an audit arKI consequgnlly I do nol express an audit opinion on the view given by the financial stslemgnts. Indépèndènt &xamlnerfs ststement In connection wth my examination, no mattèr has rA)me to my attention.. (81 which gives me reasonable cause to believe that in any merial respect the requirements- to keep accounting records in accordance with section 44111 la} of the 2005 Act and Règulation 4 of the 20[ Accounts Regulations., and lil) to prepare financial Statements which acrd with the acojunting records and Comp with Regulation 8 of the 2006 Accounts Regulations., have not been met or Ibl to whith, in my opinion, attention should be drawn in order to enable a prop&r understanding of the finanoal statemènts to be reached. David Stewart CA 19 Rudand Square Edinburgh EH12B8 Dated.. 21 January 2026
SHONA REPPE PUPPETS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30APRIL 2025 Unresthcted Restricted fund$ funds 2025 2025 Total Unrestricted Restrfcted funds funds 2024 2024 Totsl 2025 2024 Incoma from: Charitable actiwties Investments 17.827 17.827 54 182 182 Total incomè 182 182 17,827 17,881 Charitable activities 1,721 13,847 15,568 1,732 2,494 4,226 Net incomellexpènditure} and movement in funds 11.5391 {13,847) {15,3861 11,678) 15.333 13,655 Re¢onelllatlon ot funds: Fund balances at 1 May 2024 6,027 16.609 22,636 7,705 1,276 8,981 Fund balance¥ at 30 April 2025 4.488 2.762 7,250 6,027 16,809 22,636 The slalernenl of finanaal activities indudes all gains and losses rè¢ognised in thè yèar. AJI incomè and èxpenditurè derive from continuing adivities.
SHONA REPPE PUPPETS BALANCE SHEEr AS A T 30 APRIL 2025 2025 2024 Notes Currant ass•ts Debtors Cash at bank and in hand 10 473 10,418 598 22,788 10.891 23,386 Creditors: #mounls falling due within one year 11 3.641 7S0 Net current assets 7,250 22,6 The funds ofthe Charity Restricted in¢omè funds Unr&stricted fvnds 12 2,762 4,488 16,609 8,027 7,250 22,636 The company is antitlad to the exernption from the audit requirement contained in section 477 of the Companies Act 2006, for the year en¢Jed 30 April 2025. The directors acknowlèdge their responsibilities for complying with the requirements of the Companies Act 20C6 wrth respect to autIng records and the preparat of financial slalements. The mèmbers have not required the company lo obtsin an audit of its finanefal $18lements for the year in quesuon in a¢cofdan¢e with section 476. These financial statements havtr been prepared in arcordan(* wlth the provisions applicable to companies subject lo the small companies regime. The financAal 51atemenls were approved by the Trustees on 21 January 2026 GILL EobertJoK Gill Robertson Trustso Company registration number SC267273 Iscotlandl
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies Charity infomiation Shona Reppe Puppets is a private company limited by guarantsè ineorptsratsd in S(x)ttand. Thè ragistérad office is 22b High Street. East Linlon, East Lothian, EH40 3AB. 1.1 Accounting convention The financial ststements have been prepared in accJ)rdance with the ChariV5 Igoveming dorJJmenll, the Charities and Trustee Investment Iscotkndl Act 2)5, the Charities Accounts {Scotlandl Regulations 2006 {a8 arllended}. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffecttve 1 January 20191. The Charity is a Public Benèfft Entity as defined by FRS 102. The Charity has lakgn advanta9e of the Provisions in the SORP for charities nol lo prepare a Statement of Cash Flows. The financial slalernenls are prepared in sterling, which is the funcbonal Cufrency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the hT51oric81 cost ¢onventi¢in. Im¢)dtfied tts include the revaluation of freehold properties and to include investment properties and rtain financial inslrurnenls at fair aluel. The principal a(xounling poli¢ies adopted are set out below. 1.2 Golng concern At the time of approving the financial ststemenls, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational exislen¢e for the forèsééablè futurè. Thus the Trustaas )nlinue lo adopt going conrn basis ol accounting in prepartng the financial slatemenls. 1.3 Charltsble funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they rnay be used. The purposes and usès of the restricted funds are Sel out in the notes to thè finanLyal statements. Endowment funds arè subject to specffic wnditions by donors that the Capital must be rnaintained by the Charity. 1A In¢ome Income is Tecognised when the Charrty is legally entitled to it after any performan conditions have been met. the amounts can be measured r81iably, and it is probable that inc£Jme will be Teceived. Cash donations aTe COgnISed on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance ex)nditions require deferral of the amount. Income tsx recovèrable in relation to donations received undeT GTftAld or deeds of covenant is recognised at the tirne of the donation. Legaaes are rewgnised on receipt or otherwise if the Charity has beèn notffied of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as (x)nlingent asset.
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accounting policie$ (Continued) l.S Expenditure xpendilure is recognised whèn a liability is incurred. Charitable a(vilies indude expènditure assoaated with the staging of productions and inc4ude both direct and support o)sts relating to these activfcies. Govomance costs indude those incurrèd in the govemance of the d)artty and its assets and are Primarily associated with constitutional and slalulory reqyirements. Support costs indude central fvnctions and have teèn allocated to the charitable a("vty on a basis o)nsistent with their use. 1.6 Tangible fixed assèts Tangiblè fixed assets are inilialty measured al ¢ost and subsequentty rneasud al cost or valuation. nel of dÈprea8tion and any impairrnenl losses. Depreciation is recognised so as to write off the cost of valuation of &ssets less their Tesidual v81ues over their usefijl lives on the following b8$es'. Motor vehicles 25% 51raighl line The gabn or loss arlsing on the disposal of an asset is detemiinèd as the drfference beiweon the sale proceeds and the carying value of the assèt, and is recognised in the 5ts1emenl of financial activities. 1.7 Cash and cash equivaSents Cash and cash equivalents indudè 12sh in hand, deposit5 held al call with banks, olhei short-temi liquid investments with original maturities of thraa months or less, and bank tsverdrafts. Bank overdrafts are shown within borrowngs in current liabilrties. 1A Finan¢ial in5trum•nts The Charity has elected to apply the provi$ions of Section 11 'Basic Finanual Instruments. and Sedion 12 'Other Finanaal Instruments Issues, of FRS 102 to all of ts finanaal instruments. Financial instruments are rècognised in the Charivs balance sheet when the Charity becomes party to the contractual provisions of the instrumenL Financial assets and liabilities are offset, with the net amounts presented in the financial staternents, when there is a legally enforceable right to set off the recognised amounts and there is an inlènlion 10 $9tt1e on a net basis OT to realise the asso1 and sattlè the liabilty simultarwusly. 8asie flnancial assets Basic financial assets. which include debtors and cash and bank balances, are inthally measured at transaction price induding transaction ¢osts and are subsequently carried at amortised cost using the effective intérèst method unless the arrangement constitutes a financing Iran5a¢tion, where the transaction is measured al the present value of the future CeiptS discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortÈsed.
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accounting poli¢ie$ (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank ltsans ale initialty rewgnised at transaction price unless the arrangement conslitules a financing transaction. where the debt instrument is measured al the present value of the futtjre paymènts discount8d at a mark6t rate of int8r8st. Finan¢yal liabilities dassified as payable within one year are not amortised. Debt instruments are Subsequently ¢arrfed at amtsrtlsed cost. u$Sng the effective interest rale method. Trade creditors are obligations to pay for goods L)r services th* have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as norFcurrent liabilit¢es. Trade creditors are recognised initialty at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Finanaal liabilities are derecognised when the ChariVs contractual obligations expire or are discharged or ncelled. 1.9 Employee benefits The cost of any unused holiday enlillemenl is re¢ognised in the period in whi¢h the employeè's seM¢es are received. Terminaliork benefits arè rècognised immediately as an expense when the Charity is demonstrabty committed to lemiinate the employment of an employee or to provide termination beneffts. Critical accounting estimates and judgements In the appli¢3tion of the Charty's accounting policies, the Trustees are required lo rnake judgements, eslimale$ 8nd assumptions about the carying amounl of assets and liabilities that are not readity apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are cx)nsidered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on 3n ongoing b3sTS. Rèvisions to accounting eslirnalès are rècognised in the peTiod in which the estimate is ViSed wheTe the vision affects only that period, or In the period of thè revision and future periods where the rewsion affects both curtent and future periods. Incomo from charitable aGtivitig5 Restrictsd nd$ 202S R#strl¢tsd fund$ 2024 Theatrtcal produ¢tlon$ Perfomancè related grants 17,827
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 In¢om• from Inv•sknènts Unrestricted UnrÈstslet•d fvnd$ funds 202S 2024 Intèrest re1vable 182 54 Expendire on charitable aetlvltl•s Thèatrlcal Theatrical productlons productions 2025 2024 Dirèct costs Production costs Travel and subsistence Insurance Bank ehargès Markets'ng and Advertising 13,847 180 1,136 1.993 1.173 63 132 15,227 3,361 Share ofsupport and goveman¢• costs {s80 not• 61 Support Govemance 277 102 15.568 4,226 Anatysis by fund Unrestricted fvnds Restricted funds 1,721 13,847 1,732 2,494 15,388 4,226 Support costs allocated to a¢tivK¢i•$ 2025 2024 Repairs and rnainlenance Sundries GovemancE o)sts 220 57 102 763 341 865 Anatys•d belween: Theatrical productions 341 865
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Trustees None of the Trustee$ lor any persons connected with them) received any rernuneration or benefits from the Charty during the year. Employèès The average monthly number of employees during the year was.. 202S Number 2024 Number Taxatlon The Charity is exempl from t8xation on its activities because all its inojme is applied for charitsble purposes. 10 D•btors 2025 2024 Amounts falllng du• within one year: Trade debtoi$ Prepayments and accrued income 125 473 473 473 598 11 Crndttors: amounts falllng due within one year 2025 2024 Other creditors Accruals and deferred InMe 3.250 391 750 3.e41 750 12 Restricted funds The restricted funds of the charty cgmprise the unexpended balanS of donations and grants held on trust subject to spe¢tfi¢ conditions by donors as Its how they may be used. At 1 May 2024 Ineomlng resour¢es Resources oxp•nd8d At 30 April 202S WASPS 1e.609 113.8471 2.762 10-
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 12 Restricted fiinds (Continued) Previous year: Al 1 May 2023 Incoming resources Resources expended At 30 April 2024 Creative Scotland- Hospital Rad(0 VVASPS 1,276 11,2761 11,2181 17,827 16,609 1,276 17.827 12.4941 16.609 13 Unr8strlct•d funds The unrestricted funds of the charity o)mprise the unexpended balances of donations and gran15 whi¢h ale not subjact to spècific conditions by donors and grantor5 85 lo how they may be used. These indude designated funds which have been set aside out of unrestricted lunds by the tDJstees for specffic purpo8es. At l May 2024 Incoming resources Rèsources exp¢nd•d At30 April 2025 General fvnds 6,027 182 (1,721) 4,488 Pr•vlous yaar. At 1 May 20L3 Incoming r•sourc Resources expended At 30 April 2024 General funds 7,705 11,7321 6,027 14 Anatysis of not assets between funds Unrestricted fund$ 2025 R•strict4d funds 2025 Total 2025 Fund balances at 30 April 2025 are represented by: Current assets1lliabilitSI 4.488 2.762 7.250 4,488 2,762 7.250 Unr¢$trEetsd funds 2024 Restricted funds 2024 Total 2024 Fund balan¢e$ at 30 Aprll 2024 ar¢ reprwntsd by: Current assetsllliabilitiesl 6,027 16,609 22,636 6,027 16,609 22,636
SHONA REPPE PUPPETS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 15 Relatgd party transactlons There were no disclosable related party transaclions during the year (2024- none). 12-
SHONA REPPE 2025 ACCS Final Audit Report 2026-01-21 Cwted.. 2026-01-21 Day Stewart (dad.Stew8rt@m(l21.Wrnl TranSalon ID". CWCHBCMBAArnoFJaDSkZ1QOyyhHPthvXq7cws_9p9Rz "SHONA REPPE 2025 ACCS" History Document croatgd by David Stewart Idavid.slevart@m¢fal.coml 2026-01-21 -4-.43'.33 PM GMT Document emailed to glll@catherinewheels..uk for signature 2026-01-21 - 4.'43.'57 PM GMT Email viewed by gill@catharinawheels.co.uk 202&01-21- 6.'44'.17 PM Gr[ tho Signer gill@catherinewheels..Uk enterèd name at signing as Gill Robertson 202N)1-21-6..45'.10 GMT tro Document evsigned by Gill Robertson Igill@catherinewheels.co.uk} Signabjre Date.. 2021-21- 6A5..12 PM GMT-Mme Sree.. server Agreement completed. 2026-01-21- 6..45..12 PM GMT 12 Adobe Acrobat Slgn