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 add￿sS 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 H￿se 7-8 North Avenue Clydebank G81 2NT An Tobar and Mull Theatre- Final AccoUntspdt[Od552e￿6lB42c4498c-B0sf1 d4￿a7d] 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 m￿stakeS 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 re￿gnised 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 Un￿U? 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 eXperIen￿S 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 y￿th 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 aC￿sS to world- Glass arts eXperien￿S, 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. C￿So11dat10n, 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 perforMan￿S at Th2 Traverse Theatre, Eden Court, and The B￿e. 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 rt￿w record attendance, showCa￿ng r￿s￿'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 Un￿strICted 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 StdndW N eJe>in Toinai 4) 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. Inte￿st 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 L￿rning - General Cieaiive L￿rning - Free Classes Crealtve Learning- YMI Access to mU￿C ma￿￿j Creative Leaming- YPI InibatNe ireaiwe Leaming - NatDnai I neaire vroauc Warm Spa￿$ The Pet￿le 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 ) I4￿1) 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[Od552e￿6lB42c4498c-B0sf1 d4￿a7d] 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 cha￿ed direcly to the fund. This lund represents the costs incurrwj for Phase 1 ofthe develcpmenl of the PrC4JuC￿n Lenre. (lepr￿laI1on 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 Pa￿InsOn'S Creatlve learnlng- Pre4¢hool A grant used to run movement classes Ihe elderly and dement43 sufferers. Grant to su[pC￿t 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 proVis￿D of free dasse5 aTr Vlvrkshops. Creatlve Leamlni- Youth The•tre Grant to suwcwt the weralion of Mul Youth Theatre arKI to ctsate LWPC*turilles fcff cdlatoraticn creabve devdcfJmenL Creative Leaminy- YMIAccess to Music Grant to sutpcyt the ddivery of nmjsic prcMj￿ticn I￿￿kSh(￿S and pU￿1C Croatlve L8amlny- Nallonal Th8atr• Vlslts FuThlino to ￿able partripation in the N3lk)nal Theatre C￿ne￿I0nS Programme. Clore LeaderJhlp Grant Grant to JU￿rXt th¢ Artistic fh'rerAo¢a lewjership fdlowship. Visual Artand Musi A legacy received lo be spenton art and music During the year funds wtre tranS￿rred 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 PlaY￿riting 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 Di￿￿10￿ 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 & cr￿tIVe Scotland - G￿nt to SUPPC￿ the Vi5ud Arts Curat¢*5 attendance at the ven￿ Biem81e. Venlce rhe Chartotte Alll(en Crnauve Studlo FuThj￿g Io SUFWI ihe creat#)n of a ne￿ Writers, Studio aTrJ Projuthon St￿J10. Argyll Convnunity Ilousin9 AssoGi•tson- R￿Trp Grant oryinalty provided for an aGGe55it¥lity ramp", followiD9 aPp￿va 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 FI￿kS a youtt￿led cinema prcoramme. The Traverse Thgatro - Theatre visits for young FUThJ￿g lo sjpp￿1 Iheatre vists fcff Y￿ng WFIe. people Fo￿datIc￿ Sco•and- Iluslc Rural Tour Grant to sur(Jcfft a dassul MUS￿ I￿r. 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 cOnfe￿nce. 27 An Tobar and Mull Theatre- Final AccoUntspdt[Od552e￿6lB42c4498c-B0sf1 d4￿a7d] 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 re1mt￿rseMent 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 C￿traCt 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 Se￿iceS company ownèd by thém throUgh￿l 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 C￿trOll￿1 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[Od552e￿6lB42c4498c-B0sf1 d4￿a7d] Page.. 30 131