An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisation) Trustees. report and financial statements for the year ended 31 March 2025 Charity Number SC042883 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 1131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Contents Page Legal and administrative information Trustees, report Independent auditor's report to the Trustees of An Tobar and Mull Theatre 10 Statement of financial activities 13 Balance sheet 14 Statement of cash flows Notes to the financial statements An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 2 131
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Legal and administrative information Charity number SC042883 Business addsS Trustees Chief Executive Patrons Independent Auditor Henderson Lcggie LLP Level 5 The Stamp Office 10-14 Waterltsj Place EdinfNJrgr) EH1 3EG Solicitors Maclay. Murray & Spens LLP 1 George Square Glasgow G2 1AL Bankérs Virgin Money Symington Hse 7-8 North Avenue Clydebank G81 2NT An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 3 131
An Tobar and Mull Theatre {A Scottish charitab Incorporated Organisationl Trustees, repx)rt and financial statements 31 March 2025 Trustees, report for the year ended 31 March 2025 The trustees are pleased to present their annual Trustees report together with the financial statements of the charity for the year ending 31 March 2025. Purpose and Activities The charitable purposes of An Tobar and Mull Theatre are to advance the arts, culture, heritage, and education for the public benefit. It seeks to bring high-quality artistic experiences to people living in rural and island contexts and to promote the creative voices, stories, and identities of the Isle of Mull and the wider Hebrides. The charity pursues this purpose through producing and presenting theatre, music, and visual arts, running creative learning and participation programmes, and maintsining spaces that support artistic creation, exchange, and performance. About An Tobar and Mull Theatre An Tobar & Mull Theatre is a multi-artform creative hub on the Hebridean island of Mull. Our Vision Wc'rc of our placc and forour community- Wc aspirc to bc an island voice in a national and intcrnational conversation. Our heritage is ancient and our future unwritten. We are a beacon, shining light out into the world and guiding the way back to Mull. We create and support art that is brave, complex. generous and full of heart, born of difficult questions instead of easy answers. We have no interest in orthodoxy. We want our audiences to leave feeling nourished, connected and understood. We want a conversation with them that is reciprocal. We are a place for joining in, with welcome and warmth at its heart. Our Mission We will take care of our community, our island and each other. We will tell stories that matter. Art can change the world. We will make and support art of all kinds by artists of all kinds, for people of all kinds. We will behave honourably. with openness and respect and encourage others to do the same. We will be a resource for artists, helping them in any way we can and always treating them fairly. We will prioritise making and supporting art. We will care for and nurture our audiences. We will take our responsibility to be financially and environmentally sustainable seriously. We will evolve and flourish. We will stay curious. We will take risks. Artistic Policy Of our place but for the world. An eye to the future with a foot in the past. Surprising. Unexpected. Stealthily meaningful. Committed, enduring, sustainable. The overlooked. The cast aside. The forgotten. Enticing. Inviting. Filled with delight. Moments of grace and inspiration. Unashamed and unrelenting. Made with love. An Tobar and Mull Theatre- Fir¢al Accounls.pdf IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 4 131
An Tobar and Mull Theatre {A Scottish charitab Incorporated Organisationl Trustees, repx)rt and financial statements 31 March 2025 Trustees, report (continued) for the year ended 31 March 2025 Our Values Fun Complexity Polyphony Transparency Openness Personal responsibility Meaningful connection Generosity Kindness Fairness Curiosity Diligence Innovation Bravery Community Sustainability Respect Honesty Organlsatlonal Culture Manlfesto We will follow these principles in everything we do: Leave the world in a better state than you found it. Be kind. Be fair. Be honest. Do what you say you will. Be respectful. Earn respect. Do not place emphasis on things that don't matter. Amplify things that do. Be curious. Be flexible. Take risks. Learn from mstakeS and move on. Keep learning. Do things that scare you. Say yes more than no. Enjoy the view. Our History An Tobar and Mull Theatre began life as organisations: Mull Little Theatre (opened 1963) 2nd An Tobar (opened 1996). Founded and run by private individuals, both organisations were instrumental in enriching the cultural life of Mull, the Hebrides and wider Scotland. Under the guidance of Creative Scotland, the organisations merged to form Comar in 2012 to make better use of available public subsidy and improve organisational infrastructure. From 2511012023, the organisation changed to the name An Tobar and Mull Theatre, reflecting our origins. An Tobar An Tobar opened in 1997 in 8 converted Victorian school building ovedooking Tobermory Bay. Originally established as an arts centre by the local community, it quickly became a creative hub for the island, offering exhibitions, live music. and educational activities. The name 'An Tobar. means 'The Well, in Gaelic symbolising a source of nourishment and renewal for the island's cultural life. Mull Theatre Mull Theatre was founded in the 1960s and has been producing professional theatre from its base at Druimfin since the early 2000s. It is regnised as one of Scotland's leading rural touring companies, presenting new work inspired by life in the Highlands and Islands and touring it nationally and internationally. An Tobar and Mull Theatre- Fir¢al Accounls.pdf IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 5 131
An Tobar and Mull Theatre (A Scollish Charilable Incorporated Organisation) Truslees, rewt end financial stacmcnts 31 March 2025 Trustees, report (continued) for the year ended 31 March 2025 Stronger Together In 2012, An Tobar and Mull Theatre formally merged to form 'Comar', a single organisation, novi called An Tobar and Mull Theatre SCIO IAT&MTI since 25 October 2023. Together. they offer a UnU? mulb' artform programme that spans theatre, visual arts, music. and creative leaming. Objective and Activities AT&MT exists to advance the arts, culture. arKI herrtage for public benefit. As the only producing theatre and mulb-als centre in the Hebrides, we seNe a vital role in promoting access to high-quality cultural eXperIenS across the Isle of Mull, lona, and surroundlng islands. Our four main programme strands are: Theatre - creating and touring inspiring theatre rooted in the experiences of island life. Music- delivering live performance. residencies, and yth music development VisJal Arts - presenting exhibilions by local. national. and international artists. Creative Learning - delivering Iree and inclusive creative educatfjn for children and adults Our primary objective is to ensure that every person living on or visiting our island has aCsS to world- Glass arts eXperienS, and that the voices, heritage. and creative energy of our communities are heard k)cally, nationally, and internationally. Achievements and Porformanco Annual Overview 2024125 2024125 was a year of achievement. CSo11dat10n, and growth. Despite ongoing funding uncertainty caused by Ihe delayed announcement of Creative Scotland's Multi-year Funding decisions, AT&MT maintained a full and ambitious creative programme. delivered major capital improvements, and strengthened organisational resilience. Thealre Ou- theatre department continued to flourish, wilh the commissioning and development of Night'Naking b&adapted from Sarah Moss's novel). to be directed by with a national lour scheduled for autumn 2025 including perforManS at Th2 Traverse Theatre, Eden Court, and The Be. The project reflects AT&MT's ability to brujge rural creativty and national visibility. We also presented a wbrant programme of wsikn'ng work includirvJ The Immortal Sisterhood Liv2, After All, an(i Bloom, alongside our in-house co-pro(iuction The Haunting of Agnes Gilfrey (in partiership with PPP). Audiences contsnued to respond warmly. With consistenlly high satisfaction and strong attendanGe. Music The popular Home Gigs series continued to strengthen k)cal engagement, while the development of the naw products'on studio will provide vital opportunities for young people to exnlore plp.-tronic mmpositon and rer.ording Thp. Pride. Disrm and Rp.flptrtion* Yoiith Fp.qtival rtw record attendance, showCang rs'S power to connect and celebrate community. Creative Leaming Our Creative Learning programme reached almost every young person on the island. continuing to offer free access to arts educab'on across schools. Highlights induded the Reflections Youth Festival. monthly Wnte workshops. and the intergenerational Sense of Belonging project with th8 Royal Conservatare of Scotland. Mull Youth Theatre members were selected once again for the National Theatre's Connections programme. bringing Island voices to the national stsge. An Tobar and Mull Theatre- Final Accountspdf[Od552e¢Sc61842c4498c405f1d45da7dl Page.. 6131
An Tobar and Mull Theatre {A Scottish charitab Incorporated Organisationl Trustees, repx)rt and financial statements 31 March 2025 Trustees, report (continued) for the year ended 31 March 2025 Literature and Film 2024-25 marked significant expansion in our work around writing and film. The Charlotte Aitken Writers, Room opened early in the year, providing free creative workspace for island writers and visiting artists. Regular writing workshops were held. alongside residencies for playwrights and poets. We began developing a partnership with Screen Scotland and Highlands and Islands Enterprise to build our film capacity through the new Production Studio. 'Adventures in Film, events introduced audiences to short film and documentary work, while the new studio also supported digital storytelling projects with local schools. Green Programme and Incluslon With support from the Pebble Trust, our Green Awareness Programme hosted workshops on foraging, creative reuse, and environmental wellbeing. Our sensory room opened in early 2025, improving accessibility for neurodivergent visitors. AT&MT also delivered its second Mull Pride, attended by over 250 people- a powerful expression of inclusivity, visibility, and joy. Infrastructure and Capital Development 2024125 saw the completion of three major capital projects: Charlottc Aitkcn Writers, Room a new creative hub for writers and visiting artists. Charlotte Aitken Production Studio - a state-of-the-art space for audio and film production. Sensory Corner- providing an accessible, calming environment for neurodivergent visitors. These developments significantly enhance the cultural infrastructure of the island. The organisation also began work to extend the An Tobar lease at a peppercorn rate, to secure long-tem stability for its venue in Tobermory. Plans are advancing to purchase the land where Mull Theatre stands at Druimfin, providing ownership of the theatre site and enabling future development. Public Benefit and Community Impact AT&MT's work delivers clear and measurable public benefit across cultural, social, educational, and economic spheres. Reach andAccess.' AT&MT engages with around 80 % of Mull's adult population and 960/0 of its young people annually- while our popular public performances regularly achieve the equivalent of filling Wembley Stadium rf scaled to London's population. Every school-age child on the island receives free creative learning opportunities through our outreach. Employment.. We are one of Mull's largest employers. supporting 10 salaried and around 30 freelance and hourly-paid roles across artistic, technical, and hospitality departments. Community Cohesion.. Our work combats rural isolation by creating accessible, low-cost opportLtnities for connection and participation. From youth workshops to events in care homes, our programmes reach all comers of the island. Incluslon and Representatlon.. We champion diversity, equity, and belonging, offering safe, affirming spaces for underrepresented groups notably through Mull Pride and inclusive programming. Heritage and Gaelic Culture.. As the only producing theatre in the Hebrides, we are recognised custodians of Gaelic-inspired contemporary culture and island stories. An Tobar and Mull Theatre- Fir¢al Accounls.pdf IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 7 131
An Tobar and Mull Theatre {A Scottish charitab Incorporated Organisationl Trustees, repx)rt and financial statements 31 March 2025 Trustees, report (continued) for the year ended 31 March 2025 Financial Review The 2024-25 financial year concluded with a small deficit, reflecting pnjdent management throughout a challenginq funding environment. Income remained broadly stable across all key streams.. Creative Scotland Multi-year Funding, project grants from trusts and foundations including the Charlotte Aitken Trust. Pebble Trust and Wooden Spoon. earned income from café and shop trading, ticket sales, venue hire, and donations. AT&MT also continued to benefit from in-kind support from Argyll and Bute Council through its peppercorn lease of the An Tobar building. The organisation successfully delivered a suite of capital projects including the Charlotte Aitken Writers. Room, Production Studio, and Sensory Corner, all completed within budget. While the delayed Creative Scotland Multi-year Funding decision presented short-term challenges to cashflow, careful management and the introduction of stronger financial systems ensured the charity's stsbility. For the 2025-28 funding period, AT&MT has received an increased Creative Scotland allocation, securing the organisation's long-term sustainability and capacity for artistic ambition. At year-end, unrestricted reserves remained acceptable, with a positive cash position and designated capital funds supporting recent building improvements. Reserves policy The trustees have set a reserves policy to ensure the charity can continue its programme of artistic activity, education, 2nd community ongagement in the ovont of unforosoen financial difficultios. In determining the appropriate level of reserves, the trustees consider the nature of the charity's income streams, the financial and operational risks it faces. and its ongoing commitments in delivering cultural work in rural and island contexts. At 31 March 2025, the charity held total unrestricted reserves of £368,367, of which £24,613 were designated for the An Tobar Arts Centre as shown in Note 19. This left unrestricted reserves of £343,754. After deducting £499.892 of tangible fixed assets but adding back £184,861 of long-term liabilities borrowed to acquire fixed assets and secured on them, the UnstrICted free reserves of the charity are £28,723. The trustees consider an appropriate level of free reserves to be between £90,000 and £150,000, with the lower end comprising £45,000 to mitigate financial risks and a further £45,000 to support working capital requirements. This level is viewed as sufficient to ensure continuity of charitable activities in the event of unforeseen income shortfalls or unexpected expenditure, while providing short-term stability until longer-term solutions can be implemented. It also reflects our ongoing assessment of financial risks and working capital requirements. which are regulady reviewed and incorporated into our reserves policy. With the secured funding in place from Creative Scotland over the next three years, the Trustees will endeavour to take steps to rebuild the charity's free reserves in line with this policy. The reserves policy is reviewed annually, or more frequently if required, to ensure it remains appropriate for the charity's financial position and strategic plans. Going Concern The Trustees have a reasonable expectation that An Tobaf and Mull Theatre will continue to operate for the foreseeable future. This view is supported by confirmed multi-year funding from Creative Scotland and robust financial planning. While cash flow will require careful management, the charity has a diversified funding pipeline and a precedent for cash advances from Creative Scotland if needed. Together with cost-saving measures, these factors provide reasonable assurance that short-term liquidity pressures can be managed. Accordingly. the financial statements have been prepared on a going concern basis. Principal Risks and Uncertainties The Trustees review organisational risk on an ongoing basis. The principal strategic risks identified during the 2024-25 financial year were.. Reliance on public funding and volatility within the wider arts sector. Rising energy and island logistics costs impacting operational budgets. An Tobar and Mull Theatre- Fir¢al Accounls.pdf IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 8 131
An Tobar and Mull Theatre {A Scottish charitab Incorporated Organisationl Trustees, repx)rt and financial statements 31 March 2025 Recruitment and retention challenges linked to housing availability and the cost of living on the island. Ferry disruption and other transport risks affecting touring and audience access. Trustees, report (continued) for the year ended 31 March 2025 Secondary risks include safeguarding and reputational risk, both actively mitigated through policy and oversight, and climate-related building maintenance issues addressed through capital planning. The Board is satisfied that appropriate mitigations are in place and that risk levels remain acceptable given the scale and nature of the organisation. Financial and Risk Management The organisation continues to operate within a robust framework of financial control and risk management. Key mechanisms include a delegated authority framework, a purchase order system, quarterly management accounts, and oversight by the Chief Executive and the Board. In August 2025, a new Finance Manager was appointed to strengthen financial management and reporting capacity. AT&MT operates a three-year rolling budget as well as a cashflow forecast, reviewed regularly by management and Trustees to ensure responsiveness to external change. The organisation maintains adequate insurance and contingency provisions. and all financial procedures are reviewed annually to ensure best practice compliance. Safeguarding AT&MT is fully committed to safeguarding children, young people, and vulnerable adults across all areas of its work. In 2024-25, safeguarding policies were comprehensively reviewed and updated in line with current legislation and sector standards. Rebecca Atkinson-Lord serves as the organisation's Designated Safeguarding Lead, responsible for training, policy implementation, and reporting to the Board. All staff and regular freelancers undertake safeguarding training appropriate to their role. The organisation works closely with schools, youth theatre partners, and community wellbeing projects to ensure safe, inclusive environments for participants. This includes collaborations with Youth Theatre Scotland, local schools, the Royal Conservatoire of Scotland, and adult wellbeing initiatives such as Dance for Vvellness. Structure, Governance and Management An Tobar and Mull Theatre is a Scottish Charitable Incorporated Organisation (SCIO) governed by its Updated constitution adopted in 2024. It is overseen by a voluntary Board of I rustees who set the strategic direction, ensure compliance with charity law, and monitor organisational performance. Day- to-day management is delegated to the Chief Executive and Artistic Director, who is supported by a skilled staff team. Trustees are recruited to ensure a balance of skills, experience, and local representation. New Trustees receive an induction and access to governance training. During 2024- 25, the organisation continued its programme of Board renewal and development, with a focus on diversity, inclusion, and representation. The organisation also benefited from sector engagement through its participation in the Scottish Rural Leadership Programme and the National Lottery Heritage Fund's Cultural Heritage Programme: Towards a Thriving Sector. An Tobar and Mull Theatre- Fir¢al Accounls.pdf IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 9 131
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Trustees, report (continued) fi)r the year ended 31 March 2025 Trustees, rèsponsljilities in relation to the financial statements The trustees are responsible for preparing a trustees. annual report and financial statements in accordance with cippliGable law Lind unit Kingdoffl knunting Stdnd<ird5 (United Kingdum Generc]Ily AL-Lepted Accounting Practice). The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of charity and of the incoming resourcas applicaknon of rèsourc8s of the charity lor that period. In preparing the financk?I statéments. tha trustees are raquired to: select suitable accounting policies and then apply them consistently. ob[8 the methods and principles in thé Charities SORP {FRS 102): make judgements 2nd èstimates that are rèasonable and prudent" stal£ whether applicable UK accounting stsndards have been followed; and prepare the financial statements on Ihe going concern basis unless it is inappropriate lo presume thal the tharity will cxjntinue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financAal statements cornply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the prOvisn5 of the charity's constitution. They are also responsible for safegua'ding the assots of the charity and henc8 for taking reasonabla stops for th8 preyention and detoction of fraud and othor Irregularities. The trustees are responsible for the maintena0 and integrty of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissem nation of financial statements may differ from legislation in other jurisdicb'ons. igned on its behalf by= Trustee An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 10 131
Independent auditor's report to the trustees and members of An Tobar and Mull Theatre Opinion We have audited the financial statements of An Tobar and Mull Theatre (the 'charity'l for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2025, and of its incoming resources and application of resources for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotlandl Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis of opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibil ities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and the provisions available for small entities. in the circumstances set out in note 1 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to conti nue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the trustees, report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 11131
Independent auditor's report to the trustees and members of An Tobar and Mull Theatre (continued) Matters on which we are required to report by exception We have nothing to report in respect of thefollowing matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you rf, in our opinion- The information given in the financial statements is inconsistent in any material respect with the trustees, report; or proper accounting records have not been kept. or the financial statements are not in agreement with the accounting records and returns- or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of trustees. responsibilities the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to ase operations or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Extent to which the audit was considered capable of detecting irregularities, including fraud: Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: As part of our planning process.. We enquired of management the systems and controls the charity has in place, the areas of the financial statements that are most susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. Management informed us that there were no instances of known, suspected or alleged fraud., We obtained an understanding of the legal and regulatory frdmeworks applicable to the charity. We determined that the following were most relevant- Health and Safety., employment law {including the Working Time Directive)- and compliance with Scottish Charity legislation We considered the incentives and opportunities that exist in the charity, including the extent of management bias. which present a potential for irregularities and fraud to be perpetrated, and tailored our risk assessment accordingly- and Using our knowledge of the charity, togetherwith the discussions held with management at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment. io An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 12 131
Independent auditor's report to the trustees and members of An Tobarand Mull Theatre (continued The key prOdureS we undertook to detect irregularities including fraud during the course of the audit included: Inquiry of management about any known or 8ugpect6d instanc68 of non-compliance wth laws and regulati)ns and fraud.. Review'ng minutes of trustees, meetings; Challerging assumptions and judgements made by management in their significant accounting estimates, in particular Useful lives of fixed assets and accuracy of accruals" and Auditing the risk of management override of Gontrols, including through testing journal entries and other adjustments for appropriateness. Owing to the inherer)t limitations of an audit, there is unavoidable risk that some material misstatements in the financial statements May not be detected, even though the audit is properly planned and perfomed in accordance with the ISAS IUK). For instance. the further r8moved non-compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional cOnalMent, forgery. collusion, omission or misrepresentation. The primary responsibility for the prevention and detection of legUlarl11eS and fraud rests with the trustees. A further descriplion of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at htl s:Ilwww.frc.or .uklaudrtorsres nsibilities. This desuiption forrns part of our auditorfs report. Use of our report This report is trade solely to the charity's trustees, as a IK)dy. in accordance with Regulation 10 of Ihe Charities Accounts (Scoland) RegulatK)r6 2006. Our audit work has been undertaken so that we might state to the chanty's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest exient FErmitted by law. we do nol aGGept or assume responsibility to anyone other th the charity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed. Henderson Loggie LLP Chartered ACcntants Statutory Audilor Eligible to act as an auditor in tom?s of sectA)n 1212 of the Companies Acl 2006 Level 5 The Stamp Office 10-14 Waterbo Place Edinburgh EH13EG li An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 13 131
coo 7J 10 V>W N<NV) Tin ¢YVJf4 Z5 (n Z5 )V4) LUV
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Balance sheet as at 31 March 2025 2025 2025 2024 2024 Notes Fixed assets Tangitsle assets 1,140,346 1.174,379 Currènt as8•t8 Stocks Debtors Cash at bank and in hand 12 13 1.526 133.530 31,197 1.228 54,356 51.032 166,253 1[,616 Creditors: amounts falling due within one year 14 1101,791) (63.1691 Net current assets 43,447 Total assets less cuwent liabilities 1,204,808 1.217.826 Creditors: amcunt8 falling due aftèr ono yèar 15 (184,861) (195.874) Net assets 1,019,947 1.021,952 Funds Unrestricted general funds Unrestncte(I designateo funds Restricted funds 18 79 343,754 24.613 651,580 370,437 42,698 608.81T Total funds 1,019,947 1.021,952 Approved by the Board 81 their mting on 18 December 2025 and authoriged for issue ané signed on their behalf by: Trustee Charity registration number SC0426&5 13 An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 15 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Cash flow statement for the year ended 31 March 2025 Notes 2025 2024 Net outgoing resources for the year Depreciation (Increase)Ide(xease in stocks (Increaseydecrease in debtors Increasel(decrease) in creditors Interest on loan Theatre lax relief (2.005) 84,258 1298) (79,174) 37.038 15,457 (74,269) {116,563) 82,734 1,672 96,980 (27,924) 16,261 (87,738) 11 Cash provided by Ilused inl operating activities 118,993) (34,578} Theatre lax relief received during the year 74,269 87,738 Net cash provided by l(used in) operating activtties 55.276 53,160 Cash flows from investing activities Fixed asset addits.ons 11 (50,225) {5.254} Net cash used in investing activities (50,225) {5.254} Cash flows from financing activities Cash repayments of loans and other bOowingS Interest on loan and olher borrowings 19,429) 115,457) {8,683} (16,261) Net cash from financing activities (24,886) (24,944) Change in cash and cash equivalents in the year (19,835) 22,962 Cash and cash equivalents brought forward 51,032 28,070 Cash and cash equivalents at end of the year 31.197 51,032 14 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 16 131
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Notes to th? financial statements for the yearended 31 March 2025 Accounllng pollcles Charity inforrnation The charity is CCs11tuIed as a &ottish Charitable Incorporated Organisation and was set up on 24 January 2012. Thc Gharity 13 coverried in acco-dance with it3 Con3tilution. The regi3lered offiGe 13 An Tobar and Mull Theatr 1 .1 Basis ofpreparation and assessment of going concern The finarcial staterrEnts have been prepared in accordan with the charity's goveming document, the Charities and Trustee In¥eslment (&olland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thar accounts in accordan with trje Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entits, as defined by FRS 102. Thefin2rci21 statements are prepared in Sterling. which is thÈ funcb'onal currencyof the charit),. Monetary assets in these financial statements are rounded to the nearest Pound. The flnanclal statemenis have been prepared under the hlsiorlcal cosi convent*Jn. The prlncpal accounling policies adopted are sel cul below. In common with other ch8ritEs of a sirnilar sue our auditors assist with the preparstion of the financial statemerts. 1.2 Going eoneèrn An Tobarand Mull Theatre operates as a public benefit organisation in a challenging environnEnt marked by rising costs and constrained furKling sources. Despite these pressures. the TrUStS have a reasonable expectskn'on that the charity will continue to operateforthe foreseeable future. This confidence is underpinned by corfirmed rnulti-year fvnding frorn Creative Scotland. which provides stability and enables forward planning. The Trustees recognise that cash flow will continue to require careful managementduring the brthcoming perDd. To mitigate this risk, detailed cash fflow projections have been prepared and are subject to regular review. A Finance Manager has been appointed to provide dedicated oversight of financial rrenagement and liquidity planning. The charity also benefits from a diversrfied funding pipeline arKI has precedent for Creative Scotland providing cash advances rf required. These measures, together with identified cost- samng intiatives, provide reasable assuran that short-tenn IUldIty pressures can be managed. Accordingly. al the titTE of approving Ihe fInarla1 statements, the Trustees have made an informed judgement that, while the reduced free reserves arKI bvier cash balances do represent events and corKlitKJns that individually or collecb'vely. may cast signtficant doubt on the charity's ability to continue as a goirg concem, the measures outlined above to mitigate these mean that this dS not give rise to a malerial Jncertainty. As ch the Trustees have concluded that the charity has adequate resources to crjntinue in operational existence for at least 12 months from the date of approval of trlege fin2nci21 statements and hence the financial statements have therefore been prepared on a goiro cortern basis. 1.3 Ineomé Income is recognised in the statement of fin8nci818ctivities when the charrty is entitled to the income. any performance conditions attached have been met. il is probable that the income will be receiiied and the amount can be quantified witt) reasonable accuracy. 1 .4 Expenditure Expenditure is recognised when there is a legal or constructive obligation comrnitting the charity to make 8 payrnent to a third party, it is probable that settlement will be required and the amount of the obligation can be reliably measured. 15 An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 17 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 Accounting policies (continued) Al 8xpenditure is accounted for on an accruals basis. All expenses including support costs and govgmance costs are allocated on an appropriate basis to the various activities of the charity. Where cti=ts cannot b8 allocated diractly, they ar8 apportioned to catogorias on the basis of a reasonabl estimate of the costs. Expenditure on raising funds are those incurred in generating income from the café and shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Governance costs include those costs necessary for the board to fulfil its constitutional and statutory obligations. The charity contributes to a defined contribution pension scheme on behalf of employees. Contributions are recognised in the period to which employees provide service. 1 .5 Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows= Leasehold improvements Straight-line over the life of asset but not exceeding lease period. Various rates beiween 150 and 33 % Fixtures, fittings and equipment 1 .6 Leasing Rentals payable under operating leases are charged against income on a straight-line basis over the lease term. 1.7 Stock Stock is valued at the lower of cost or net realisable value. 1.8 Financial instruments The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and are subsequently measured at their settlement value with the exception of bank loans which are measured at amortised cost using the effective interest rate method. 1.9 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. 1.10 Cash and cash equivalents Cash and cash equivalents comprise cash at bank. 1.11 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after any trade discounts due. 1.12 Taxation The charitable company is exempt from corporation tax on its charitable activities. 1.13 Fund accounting Unrestricted funds are available for use at the discretion of the Board in furtherance of the general activities of the charity. Designated funds are unrestricted funds earmarked by the Board for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor. 16 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 18 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 Critical accounting estimates and judgements In the application of the charitable company's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabiliti8S that ar8 not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future pericés where the revision affects both current and future periods. Useful life of tangible fixed assets Tangible fixed assets are depreciated over a period to reflect their estimated useful lives. The applicability of the assumed lives is reviewed annually, taking into account factors such as physical condition, maintenance and obsolescence. Fixed assets are also assessed as to whether there are indicators of impairment. Accruals and deferred income The trustees estimate the requirements for accruals using post year-end information and detailed budget forecasts. This process identifies costs expected to be incurred for services provided by third parties. Accruals are only released when there is reasonable certainty that these costs will not be invoiced in the future. In respect of grants received, income is deferred where it relates to specific future periods or conditions that have not yet been met. Deferred income is recognised as a liability until the charity is entitled to the funding, at which point it is released to the statement of financial activities in line with the associated expenditure or performance obligations. 17 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 19 131
ffjtsl Ln¢oui 7J [00) t01 o<Do 0)<00 Csv •J¢41 iYJ*a thJ0 r¥ T5 T5 UJW PIDOP E5
CO
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 Support costs 2025 Total 2024 Total Support costs comprise the following.. Staff costs Travel costs Telephone Postage and stationery IT maintenance Bank and credit card charges Insurance Loan fees Advertising Depreciation Premises costs Other staff costs Other office expenses Governance costs {note 8) 151,115 .777 172,933 4,478 955 1.516 3.713 4,576 10,213 16,261 9.822 82,734 73,861 &,414 1,294 9,894 2,325 11,127 15,457 7,300 84,258 61,132 3,802 4,073 43.159 404,864 41T,225 Support costs are allocated across activities using a mixture of direct and proportionate allocation methods. Governance costs 2025 Total 2024 Total Professional- Audit fees Professional- Accountancy fees Cost of trustees, meetings Trustee expenses Legal and professional 10,980 2.940 1,083 1,830 26,326 10.200 2,035 1,154 258 13.379 43.159 27,026 20 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 22 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 10 Wages and salaries 2025 2024 Employment costs Wages and salaries Social security costs Defined benefit pension contributions 321,844 22,114 22,117 376,748 24,150 18,032 366,075 418,930 No employee received 6moluments of more than £60,000 {2024: nil). The average monthly number of employees during the year was 22 {2024: 251 Pension contributions outstanding to be paid over al the year*nd totalled £415 {2024'. £1,731) Key management remuneration Key management are judged to be to executive direcior 8nd the gener81 manager. The tolal employment costs including employers Nl of key management in the year was £102.876 (2024= £130.073) 11 Tangible fixed assets An Tobar Druimfin Druimfin Fixture buildings Lodge Theatre fittings Short Short Short and Lèasehold Leasehold Lèasehold equipment Mosshill Motor vehiclè Total Cost Al 1 April 2024 Additions 452,122 36,738 42,479 976,667 348,405 13,487 367,130 2,000 2.188,803 50,225 At 31 March 2025 488,860 42,479 976,667 361,892 367,130 2,000 2,239,028 Depre¢iation Al 1 April 2024 Charge for the year 411.037 18,085 22.295 850 280.128 21,430 263.450 25,136 36.714 18,357 800 400 1.014.424 84,258 At 31 March 2025 429,122 23,145 301,558 288,586 55,071 1,200 1,098,682 Net book value At 31 March 2025 59,738 19.334 675.109 73,306 312,059 800 1,140,346 Al 31 March 2024 41.085 20.184 696.539 84.955 330.416 1.200 1.174.379 21 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 23 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 12 Stocks 2025 2024 Finished goods and goods for resale 1,526 1,228 13 Debtors 2025 2024 Trade debtors Othèr debtors and prepayments 21,959 111,571 470 53,886 133.530 54,356 14 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxes and social security Other creditors Accruals Bank loan 15,842 8,748 31,490 35.214 10,497 3.532 6,759 29.878 14,087 8,913 101,791 63,169 15 Creditors: amounts falling after more than one year 2025 2024 Bank loan 184.861 195.874 184,861 195.874 Included within Ihe above are amounts falling due as follows- 2025 2024 Within 1 year Within 2 - 5 years Greater than 5 years 10.497 50,468 134,393 8,913 43,377 152,497 195,358 204,787 The bank loan is repayable over a 15-year temi, commencing in 2022. Intest is charged at a variable rate. The loan is secured by a fixed and floating charge over the charity's assets. An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 24 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 16 Operating lease commitments The charity was committed to paying the following cperatsng lease payments at the year end 2025 2024 Within 1 year Within 2- 5 years Greater than 5 years 4.076 16,300 1,730 4,075 16.299 5,805 22,106 26,179 Operating lease payments in the year totalled £4.076 (2024: £4,076) 17 Analysis of net assets between funds Unrestricted funds Restricted funds Designated funds Total funds Fund balances at 31 March 2025, as represented by.. Tangible fixed assets Current assets Current liabililies Creditors duè over 1 year 499.892 129,632 1100,9D9) 1184,861) 615.841 36,621 (882) 24.613 1.140.346 166,253 1101,791) 1184,8611 343.754 651.580 24.613 1.019.947 Unrestricted fijnds Restricted funds Designated fijnds Total funds Fund balances at 31 March 2024, as presented by.. Tangible fixed assets Current assets Current liabilities Creditors due over 1 year 549,275 80,205 (63.169) {195,874) 596,520 12,297 28,584 14,114 1,174,379 106,616 163,169} 1195,874) 370,437 608,817 42,698 1,021,952 23 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 25 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 18 Unrestricted funds At 1 April 2024 Incoming resources Outgoing Resources At 31 March 2025 2025 Transfers General funds 370.437 547.531 1573.1211 (1.093) 343.754 At 1 April 2023 Incoming resources Outgoing Resources At 31 March 2024 2024 Transfers General funds 438,866 615,347 (638,172) {45,804) 370,437 19 Designated funds At 1 April 2024 At 31 March 2025 Expenditure Transfer 2025 An Tobar Arts Centre 42,698 (18,085) 24,613 At 1 April 2024 At 31 March 2025 Expenditure Transfer 2024 An Tobar Arts Centre 60,783 (18,085) 42,698 These funds have been set aside by the trustees lowards the fuiure depreaation costs of the assets. 24 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 26 131
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Notes to th? financial statements (continued) for the yearended 31 March 2025 20 Restricted funds At1 April 2024 At31 March 2025 2025 Income Expenditure Transfers Capltal funds Production Centre Dwimfin Ptrase 2 The Charlote Aithen CreatNe Studio Argyll Community Housing AssociatK)n - Ramp 493.970 102.552 117,547) (3.883) (3,744) 476.423 98.669 40.249 500 43.993 5CKI onalion Crèativè Scotland - Fr*cè The British Council & Creatsve Scouand - Venice Crealive Lrning - General Cieaiive Lrning - Free Classes Crealtve Learning- YMI Access to mUC maj Creative Leaming- YPI InibatNe ireaiwe Leaming - NatDnai I neaire vroauc Warm Spa$ The Petle Trust- Green Education project Film Hub ScolLgnd - Adventures in Cinem8 Fund The Traverse Theatre - Theatre visits for thildren Foundab"on S(xJtland - Musc Rural Tcwjr Highlands & Islands EnÈrpnse - ASPF Graduate Wooden Spoon Re5triGted Giant The Jonas =amily Charlabl8 Trust TrAC Conference 41)) 400 I n8 Lsriiisn uouncii 2,051 2.220 5,915 (2,052) (2,251) 113,681) 1571) 31 8,074 570 308 11.7 11.736 3.0) {3,003) (1,42f ) I41) 251 153 2,631 2,631 960 100 1,500 5,098 10.006 3,000 1LYJ 1,5 14,0(Ll 10.05) 3,OCKJ 254 {8,902) (44) 1294) 40 608,817 99,4T3 157,8031 IP93 651,580 25 An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 27 131
An Tobar and Mull Theatre {A Scottish Charitable Incorporated Organisationl Trustees, report and financial statements 31 March 2025 Notes to the financial statements (continued) for the year ended 31 March 2025 20 Restricted funds (continued) 2024 At 1 April 2023 At 31 March 2024 Incorne Expenditure Transfers Capital funds Production Centre Druimfin Phase 2 511.524 106.436 (17,554) (3.884) 493,970 102.552 Revenue fiinds Dughald Maclnnes donation Creative Learning - General Creative Leaming - before the brush Creative Learning non project specific Creative Leaming - Dance with parkinsons Creative Learning - Pre-school Creative Leaming - Restricted Grant Income - Free Classes Creative Leaming - Mull Youth Theatre Creative Leaming YPI Inits"ats"ve Clore Leadership Grant Visual art and music Made on Mull Associate Artists Theatre - Four Nations International Fund Reslricled Grant Income Warm Spaces Touring Network Bursary ISPA Conference 400 400 22,717 (38,340) {775) 15,623 420 355 8.074 1.068 155 1.541 8,074 (1,250) (857) {971) 182 702 570 (1,002) 1,002 3.000 9,000 214 3.000 (14,341) (25,266) {260) {7.500) 5,341 15.739 260 6.150 9.313 1.350 1.045 600 1,150 {794) {600) (1,335) 251 185 638.866 39,076 (114,729) 45,604 608,817 26 An Tobar and Mull Theatre- Final Accounts.p(ff IOcf552ed-c61842c4-898c-805f1d45da7dl Page.. 28 131
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Notes to th? financial statements (continued) for the yearended 31 March 2025 20 R•Ètrict•d fundÈ (continuod) Production Cgntre." This fil represents the costs incurred for Phase 1 of the develcynenl of the Production Centre. Depreciation is chaed direcly to the fund. This lund represents the costs incurrwj for Phase 1 ofthe develcpmenl of the PrC4JuCn Lenre. (leprlaI1on Is charge£l dlrecfy io fund. Drulmfin Phase 2.. FuThJwig to gJtw1 ihe artistic prcvjranme. Cre•tlve le•rnlng- Genernl General lundlThJ to SUFWn dasses (1 Cr8ative learning- Before the Brush A Mul Theatre Sh(v to kcal primary schoc4s. Creatlve learnlng- Danclng wlth PaInsOn'S Creatlve learnlng- Pre4¢hool A grant used to run movement classes Ihe elderly and dement43 sufferers. Grant to su[pCt Ihe Creat've LeJning Fryramme for early years pDvision. Cr•ative L8am•ng - Ftso Class•s A Crealiye knuand grant to iE used for the proVisD of free dasse5 aTr Vlvrkshops. Creatlve Leamlni- Youth The•tre Grant to suwcwt the weralion of Mul Youth Theatre arKI to ctsate LWPCturilles fcff cdlatoraticn creabve devdcfJmenL Creative Leaminy- YMIAccess to Music Grant to sutpcyt the ddivery of nmjsic prcMjticn IkSh(S and pU1C Croatlve L8amlny- Nallonal Th8atr• Vlslts FuThlino to able partripation in the N3lk)nal Theatre CneI0nS Programme. Clore LeaderJhlp Grant Grant to JUrXt th¢ Artistic fh'rerAo¢a lewjership fdlowship. Visual Artand Musi A legacy received lo be spenton art and music During the year funds wtre tranSrred from the legacy restrict&J fund a5 purpw of these furKJs was the same. Mad• on MullAs50ciat• Artists FurKlng to SJFFrfXt Ihe Asscfkgte Artist prowdmffle. rheatre- Four N4tions InternationalFund A grant to be used to d2¥elop new PlaYriting with indNiduals and tFeatres Irom Scouand. Wales. England and Northem Ireland. Wami Spac05 Grdnt lo provide a community vrdThll space during the coslryof.livino CTiSiS. rowlii9 Nelworls Buwsory k)r the ArtiStiG Di10 kn attcThJ the Tourirg Netbwcyk Galhuin9. ISPA ConfeMc• Creab"ve Scotland fvThJing for the Artkstic ThreclLY lo attend th& Inlerroticnal ISPA theatre coTrfeterKe. rhe Brftlsh C(wJnrJl & Creatl¥e Scotland - Grant to survort the Artistic Th'redo¢s altendance at the tor31 Festival in France Marseille. The British Council & crtIVe Scotland - Gnt to SUPPC the Vi5ud Arts Curat¢5 attendance at the ven Biem81e. Venlce rhe Chartotte Alll(en Crnauve Studlo FuThjg Io SUFWI ihe creat#)n of a ne Writers, Studio aTrJ Projuthon StJ10. Argyll Convnunity Ilousin9 AssoGi•tson- RTrp Grant oryinalty provided for an aGGe55it¥lity ramp", followiD9 aPpva of change in wrrKtse. rK)w supp)rting refvrbishment of the disabled toi*t. Th• Pabbh Trnst- Gr••n Education prnfvct Grant to ddrwer Green Awareness workshops in partnership with local cofflrnunity organisations. Fllm Hub Scotland-Adventures In th'nema Fund FuThling to Mull FIkS a youttled cinema prcoramme. The Traverse Thgatro - Theatre visits for young FUThJg lo sjpp1 Iheatre vists fcff Yng WFIe. people FodatIc Sco•and- Iluslc Rural Tour Grant to sur(Jcfft a dassul MUS Ir. Mighlands & Jsland5 Enlvrwlse Gradu&te ASPF Grdnt to suFp¢xt the recrurtment of a Marketing As5iStanl. NarralNe b be prowded. Funding to ueale a sensory c£Jrner arKI purchase equiFrfnenl for Sound AT Mull. The Jones F•nlty Gharttable Tmst Grant to SUWLYt the Creabve Lewning pyogramme. TRACS Conference Furnjng 10 gJtwl attervjance atthe Inlan4iLle Cultural Hwilage cOnfence. 27 An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 29 131
An Tobar and Mull Theatre {A Scotb'sh Charitable Incorwrated Organisation) Trustees, report and fnanci81 ststements 31 March 2025 Notes to th? financial statements (continued) for the yearended 31 March 2025 21 R•lat•d party transaction 5 trustees {2024: 4) received re1mtrseMent of expenses totallw)g £4,1E6 (2024: £6.115). Chief Executive Officer. w& remuneraled under a contract of employment. which is permissib by the harity's cortstibjtion. Her empklyment costs induding employers Nl lotalled £53.7J712024: £53.603). In addition, event thsts toialling £nil (2024: £12,706) were paid or payable to a Ihe8tre company of which the Chief Execuiive has signifi(8ni c¢Mtrol in year and she paid IDdge renial for Driumfin Loige 10 Ihe charity arrountirKJ £6,000 {2024: £6,000). was remunerated under a CtraCt of ernploymenL which E pennissibk by the charity's constitulim. qer empk)yment costs includi ers Nl totalled £Nil12024.. £Nil). In addits'on, £Nil 12024: £10,OOQI) was paKI to Vanishing Ptsnt wher s Assocmie Director. Ouistanding as ai year end was £nil. A member of key management personnel provided payrdl seNces to the charity IhroLfjh a payroll SeiceS company ownèd by thém throUghl Ihè yèar and wag rèimburgèd £2,020 (2024: £2.503). wilh balancè payablè at year end £140 {2024: £122). There was not payment related to merchandise duting the year to trustee £Nil (2024: £Nill in relati( to of their bo)k In the theatre shop. as paKJ £2,2US (2024: £3,011) tne parnapauon Greauve Learning i eacning programme for the icer. 22 Ultimate controlling party The charity is CtrOll1 try its Board. 23 Analysis of changes in net debt At start of year Cash flows Other non- cash changes At end of,, year 2025 Cash 51,032 Loans fallin .due wi ear (8,913) Loans falling aue alR?.r rmre'trian one year (195,874) (19,835) 9.429 31.197 111,013) (10,497) 11,013 (184,861) Net ¢JetJt total 1153,755) (10,406) 1164,161) At Start of year Cash flows Olher non- cash changes Atend of year 2024 Cash 28.070 Lcpns falling due within one year {23.531) LcAns falling due after mre than one year (189.939) 22,962 8.683 51,032 5,935 (8.913) (5.935) (195.874) Net det* total (185,400) 31,645 (153,755) 28 An Tobar and Mull Theatre- Final AccoUntspdt[Od552e6lB42c4498c-B0sf1 d4a7d] Page.. 30 131