## **West Side Cinema** ## **Financial Statements** **For the Year Ended 31 December 2024** ## **West Side Cinema Contents of the Financial Statements for the Year Ended 31 December 2024** ||**Page**| |---|---| |**General Information**|**3**| |**Members Report**|**4**| |**Accountants’ Report**|**5**| |**Trading and Profit and Loss Account**|**6**| |**Balance Sheet**|**7**| 2 ## **West Side Cinema** **General Information for the Year Ended 31 December 2024** ## **COMMITTEE** Chair Secretary / Vice Chair Treasurer Trustee Trustee Trustee **ADDRESS:** 3 Graham Place, Stromness, Orkney, KW16 3BY **ACCOUNTANT:** Gray Associates Chartered Accountants Ridgeways Stromness Orkney KW16 3DS **BANKERS:** Bank of Scotland 3 ## **West Side Cinema Members Report for the Year Ended 31 December 2024** The members submit their report and financial statements for the year ended 31 December 2024. ## **Members' Responsibility** Members are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the organisation and of the profit or loss of the organisation for that period. In preparing the financial statements the members are required to: - a. Select suitable accounting policies and apply them consistently; - b. Make judgements and estimates that are reasonable and prudent, and - c. Prepare financial statements on the going concern basis unless it is appropriate to presume that the organisation will continue to operate. The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation. They are also respnsible for safeguarding the assets of the organisation and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 4 ## **West Side Cinema Chartered Accountant's Report for the Year Ended 31 December 2024** In accordance with our terms of engagement we have prepared the financial statements of West Side Cinema on pages 6 to 8 from the accounting records and information and explanations you have given us. This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to enable us to prepare for your approval the financial statements of the business and state those matters that we have agreed to state to you in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at _http://www.icas.org.uk/accountspreparationguidance_ . To the fullest extent permitted by law we do not accept or assume any responsibility to anyone other than you, for our work or for this report. We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the preparation of financial statements which are detailed at: _http://www.icas.org.uk/accountspreparationguidance._ We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Date: 4 September 2025 5 ## **West Side Cinema Trading & Profit & Loss Account for the Year Ended 31 December 2024** |**Income**
**Direct costs**
**Gross Profit**
**Other income**
Grants receivable
Donations
**Administrative expenses**
Subscriptions
Professional fees
Equipment
Rent
Insurance
Other charges
**Surplus/(deficit)**
**General Account**
Surplus/(deficit) transferred from Trading & Profit & Loss Account
**Bank interest received**
**Surplus/(deficit) for year transfered to/(from) reserves**|**2024**
£
7,094
3,116
3,978
-
-
-
3,978
58
330
5
1,588
176
343
2,500
1,478
1,478
-
1,478|**2023**
£
4,888
2,122
2,766
4,556
-
4,556
7,322
70
316
5,110
1,393
176
993
8,058
(736)
(736)
-
(736)| |---|---|---| 6 |**2024**
£
**FIXED ASSETS:**
Freehold property
-
Furniture & equipment
-
-
**CURRENT ASSETS:**
Bank current account
12,451
Cash on hand
-
12,451
**CURRENT LIABILITIES:**
Accruals
-
Other creditors
-
-
**NET CURRENT ASSETS/(LIABILITIES)**
12,451
12,451
**RESERVES**
Revenue Reserve brought forward
10,973
Surplus for year
1,478
12,451
**Balance Sheet**
**West Side Cinema**
**As at 31 December 2024**|**2023**
£
-
-
-
10,973
-
10,973
-
-
-
10,973
10,973
11,709
(736)
10,973| |---|---| ## **Client Approval Certificate** We approve the financial statements and confirm that we have made available all the information and explanations necessary for the production of these financial statements. 7 WSC Trustees ANNUAL REPORT JAN 2024 - MAY 2025 (* We are including all of 2024 and up to end of May 2025. From then on we will be working in Seasons Sept - May.) 2,021 @ 30 screenings - Average /screening - **67** ## **TOP 5 FILMS** - 4.8 NAME ME LAWAND (Doc) - 4.7 KNEECAP (Fiction) - 4.7 A MATTER OF LIFE AND DEATH (Fiction) - 4.6 THE VELVET QUEEN (ONF) (Doc) - 4.6 SOUNDTRACK TO A COUP D'ETAT (Doc) ## **SPECIAL EVENTS** 2 x Orkney Nature Festival collaborations - 2024: The Velvet Queen with talk by Raymond Beasant and Cal Flyn - 138 attendance and 4.6/5 2025: Wild Lives Shorts - 84 attendance (inc 26 guests from the Cloud Appreciation Society) 4.1/5 OISF collaboration: Sisters With Transistors 83 attendance 3.8/5 Shopping Week free screening: The Pirates 33 attendance Book launch: 'Hand Held' Mark Edmonds/Rebecca Marr with screening of 'La Chimera' 95 attendance 4.1/5 January weekly screenings - 4 themed films ending with sold out Cocktail Night with Orkney Events. January average 75/screening. ## **OTHER** Bought new table lamps. Sold Christmas vouchers for the first time. ## **FUTURE PLANS** We have now moved to seasons of films running from September - May with weekly screenings in January. New Dolby sound system - Sound technician has visited and given tech report and costings. Get users groups together to discuss funding applications for new LED stage and ambience lighting, and new chairs. Town Hall heating is not working well in colder months - a solution needs to be found. APPENDIX 2 Enter charity name below West Side Cinema OSCR Receipts and payments accounts For the peri¢)d from to kottish Charity Regulator oi oi 2024 31 12 2024 Section A Statement of receipts and payments Unrbstrlclad funds Expendable endowment funds Permanent endowment funds Restricted funds Total funds currant perlod to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ A1 Rec8lpts Donations Legacies Grants Receipts from fundraising activities Gross trading receipts Income from investments other than land and buildings Rents from land & buildings Gross receipts from other charitable activities 7,094 7,094 A I Sub total 7,094 7,094 A2 Recelpts from assel & Investment salès Proceeds from sale of fixed assets Proceeds from sale of investments A2 Sub total Total recelpts 7,094 7,094 A3 Payments Expenses for fundraising activities Gross trading payments Investment management costs Payments relating directly lo charitable activities Grants and donations 5,286 5,286 Governan￿ costs.. Audit l independent examination Preparalion of annual accounts 330 330 Legal costs other A3 Sub total 5,616 5,616 A4 Payments relatlng to asset and Investment movements Purchases of fixed assets Purchase of investrnents A4 Sub total Total payments 5,616 5,616 Net receipts / (payments) 1,478 1,478 A5 Transfers to l (from) funds Surplus / (deficit) for year 1,478 1,478 APPENDIX 2 APPENDIX 2 Enter SC No. below SC046126 Total funds last perlod to nearest £ 4,556 4,888 9,444 9,444 4,870 316 5,186 4,994 4,994 10,180 736) 736) APPENDIX 2 APPENDIX 2 West Side Cinema Section B Statement of balances SC046126 Uniestricted funds Permanent endowment funds Restricted funds Expendable endowment funds Total current period Total last period Categories Details to nèarest £ tr* n￿￿￿$t £ to n￿rns1 £ to n•arost £ to n￿reSt £ to n8arost £ B1 Cash funds Cash and bank balances at start of year 12,451 12,451 11,709 Surplus I (deficit) shown on receipts and payments account 1,478 1,478 736) Cash and bank balances at end of year 13,929 13,929 10,973 (Agree balances ￿￿th receipts and pa￿nents accountls)) Details Fund to which asset belong5 Market valuation Last year to noar8st £ to n•arost £ B2 Investments Total Detalls Fund to which 455et belongs C05t Irf available) Current value {rf avallablol to n￿reSt £ Last year to n￿rOst £ to n￿rOst £ B3 Other assets Total Details Fund to whlch Ilabllty r•lat•s Amount (lu Last yaar to nearest £ to nearest £ B4 Liabilities Total Details Fund to which liability relate5 Amount (lu lestimatel to nearest £ Last year to nearest £ B5 Contingent liabilities Total Signed by one or two trustees on behalf of all the trustees Date of approval 0510912025 0510912025 ' Please note - OSCR will ￿￿ept digitsl or typed s￿natureS West Side Cinema 2024 OSCR accounts.xlsx I Statement of lialances December 2007 APPENDIX 2 West Side Cinema SC046126 Section C Notes to the Accounts C1 Nature and purpose of funds (may be stated on analysis of funds worksheets) pa of actlvlty or project supported Indlvldual I In5tbtutlon Numbar ol grants made C2 Grants Total C3a Trustee remuneratlon If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) Authority under which paid C3b Trustee remuneratlon - detall8 C4a Trustee expenses If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4bl Numb•r of tru•te•• C4b Trustee expenses - detalls Transactlon amount 1£) Balanco outstandlng at period end lei Nature of relatlonshlp Nature of transactlon C5 Transactlons wlth trustees and connected persons C6 Other Informatlon West Side Cinema 2024 OSCR accounts.xlsx l Notes December 2007 APPENDIX 2 West Side Cinema SC046126 Additional analysis {1) Analysis of receipts and payments 1 Donations Unrestricted funds Restricled funds Expendable endowment funds Pemianent endowment funds Total current period Total last period Total 2 Grants Unrestricted Restricted funds Total current Total last period to nearest £ to nearest £ to nearest £ to nearest £ Total reference 3 Gross receipts from other charitable activities Unrestricted funds Expendable endowment funds Pemianent endowment funds Total current period Restricted funds Total last period Total 4 Payments relatlng dlrectly to charltable actlvltles Unrestricted funds Expendable endowment funds Pe￿aneTht endowment funds Total current period Restricled funds Total last pertod to nearest £ to nearest e to nearest e to nearest £ to nearest £ to nearest e Total West Side Cinema 2024 OSCR accounts.xlsxAdditional notes (1) December 2007 APPENDIX 2 SC046126 Additional analysis (2) 5 Breakdown of unrestricted funds Unrestricted fund Unrestricted fund Unrestricted fund Unrestricted fund fund below fund below fund below fund below Total unrestricted funds Total unrestricted funds last period Receipts Donations Legacies Grants Receipts from fundraising activities Gross trading receipts Income from investments other than land and buildings Rents from land & building5 Gross receipts from other charitable activities Sub total cross ref error Receipts from asset & investment sales Proceeds from sale of fixed assets Proceeds from sale of investments Sub total Total receipts cross ref error Payments Expenses for fundraising activities Gross trading payments Investment management costs Payments relating directly to chariiable activities Grants and donalions Governance costs" Audit l independent examination Preparation of annual accounts Legal costs Sub total error Payments relatlng to asset and Investment movements Purchases of fixed assets Purchase of investments Sub total Total payments cross ref error Transfers to l {from} funds Surplus / (deficit) foryear cross ref error Nature and purpose of funds West Side Cinema 2024 OSCR accounts.xlsxAdditional notes (2) December 2007 APPENDIX 2 West Side Cinema SC046126 Additional analysis (3) 6 Breakdown of restricted funds enter name of fund below enter name of fund below enter name of fund below enter name of fund below Total restricted funds Total restricted funds last period Recelpts Donations Legacies Grants Receipts from fundraising activities Gross trading receipts Income from investments other than land and buildings Rents from land & buildings Gross receipts from other charitable activities Sub total Receipts from asset & investment sales Proceeds from sale of fixed assets Proceeds from sale of investments Sub total Total recelpts Payments Expenses for fundraising activities Gross trading payments Investment management costs Payments relating directly to charitable activities Grants and donations Governance costs" Audit l independent examination Preparation of annual accounts Legal costs Sub total Payments relating to asset and investment movements Purchases of fixed assets Purchase of investments Sub total Net recelpts / (payments) Transfers to l {from} funds Surplus / (deficit) fi>r year Nature and purpose of funds West Side Cinema 2024 OSCR accounts.xlsxAdditional notes (3) December 2007 ## **APPENDIX 3** ## **’ Independent examiner s report on the accounts V2** ||**Independent examiner’s report on the accounts V2**| |---|---| |**Report to the**
**trustees/members of**|Charity name
**West Side Cinema**| |**Registered charity**
**number**|**SC046126**| |**On the accounts of the**|Period start date
Period end date| |**charity for the period**|Day
Month
Year
Day
Month
Year
01
01
2024
**to**
31
12
2024| |**Set out on pages**|(remember to include the page
numbers of additional sheets)| ||| |**Respective**
**responsibilities of**
**trustees and examiner**|The charity’s trustees are responsible for the preparation of the accounts in accordance
with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees
consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations
does not apply. It is my responsibility to examine the accounts as required under section
44(1) (c) of the Act and to state whether particular matters have come to my attention.| |**Basis of independent**
**examiner’s statement**|My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
Regulations. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts and seeks
explanations from the trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and, consequently, I do
not express an audit opinion on the viewgiven bythe accounts.| |**Independent examiner’s**
**statement**|In the course of my examination, no matter has come to my attention
1.
which gives me reasonable cause to believe that in any material respect the
requirements:
•
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
•
to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper| **Signed**: Name: Relevant professional qualification(s) or body (if any): Address:** *Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page. ** OSCR will accept digital or typed signatures APPENDIX 3 Disclosure section Only COM￿ete if the exaniw needs to highlvJht materia yd)lems. Glve here brlef detalls of any items that the examiner wishes to disclose n/a