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 aCtiv￿e5
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$e, manage, produce and re(x)rd such plays. dramas. comediès, operas. ballets, concerts,
recitals, films, videos, radio and television broadcasts, all kinds of audio, wsual and muttlmedia productions and
other events, community arts a¢tivi11gs and performan￿5.
Achievements and pefftimian¢e
Significant aclivthes 8nd 8chigvements against objectives
Development on a new piecè èntitled The P￿￿1 of Wasps continued over the year. Thi$ 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 perf0mlan￿S at a summer festival.
Plans for fvfyre p•rlods
It is hoped the Cieation of the Pointof Wasps as a theatre-gig show will hap￿n 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 kno￿edge. 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.
0￿￿nisatiOnal 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 p￿paratiOn 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 m*erial 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 ac￿rd 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 a￿u￿tIng 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 con￿rn 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 rneasu￿d 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 re￿1vable
182
54
Expendi￿re 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 In￿Me
3.250
391
750
3.e41
750
12 Restricted funds
The restricted funds of the charty cgmprise the unexpended balan￿S 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 assets1lliabilit￿SI
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 (da￿d.Stew8rt@m(l21.Wrnl
TranSa￿lon 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.. 202￿1-21- 6A5..12 PM GMT-Mme S￿ree.. server
Agreement completed.
2026-01-21- 6..45..12 PM GMT
12 Adobe Acrobat Slgn