CREATIVE STIRLING
‘ (a Scottish Charitable Incorporated Organisation) ’ REPORT AND FINANCIAL STATEMENTS Year ended 30 June 2025
, Company Registration Number CS00S634 Scottish Charity Number SC046431
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CREATIVE STIRLING SCIO FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2025
CONTENTS
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|CONTENTS|PAGE|
|Trustees’|Report|3|
|Independent|Examiner’s|Report|13|
|Statement|of|Financial|Activities|14|
|Balance|Sheet|15|
|Notes|forming|part|of the|financial|statements|16|
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CREATIVE STIRLING SCIO : TRUSTEES’ REPORT : . FOR THE YEAR ENDED 30 JUNE 2025 F : The Trustees are pleased to present their annual report together with the financial statements of the Charity for the year to 30 June 2025, which are also prepared to meet the requirements for a directors’ = report and accounts for Companies Act purposes. : The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the : Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of . Recommended Practice applicable to charities preparing their accounts in accordance with the Financial - Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). - STRUCTURE - The Creative Stirling organisation comprises Creative Stirling SCIO (CS) and Made in Stirling CIC (MIS). = CS is a registered charity and owns 100% of the share capital of MIS, which Is a Community Interest : Company that pays all its profits to CS. MIS operates the gallery and creative space at 44 King Street in 4 Stirling and is the trading arm of CS. = MISSION, OBJECTIVES, PURPOSE AND STRATEGY : Our mission is to inspire and amplify creative activity in Stirling. i CS believes that culture and creativity brings local communities together and is a positive force for good. = Since 2012, the Charity has been working to contribute significantly to the social, economic, and 5 environmental regeneration of the area. F CS’s objectives are to make creative opportunities more accessible to the entire community and explore == sustainable ways to support grass roots arts and culture. Our purpose is to give our local community and creative talent indigenous to the Stirling area, access to - opportunities to develop their talent, practice and skills as well as their enjoyment of arts and culture that 5 is vital to promoting wellbeing and to strengthen our communities. a Our strategy derives from the following principles, which give focus to everything we do: S e PEOPLE — we produce creative projects and activities for the enjoyment and enrichment of the = | people and communities of Stirling, promoting wellbeing and inclusivity. E : e PARTNERSHIP — we stimulate and nurture creative opportunities through our collaboration with = others by working to develop new partnerships within our community, with Education, Heritage < | and other Cultural Providers in Stirling. 2 e PLACE —we drive and energise creative industry through our projects and events, and through 4 | our gallery and creative spaces in our premises at 44 King Street in Stirling. : A key aspect of our strategy is to develop the business of MIS in order to provide a sustainable source of zm | income for CS to continue and expand its charitable activities. Our activities span a diverse range of projects, workshops, and events that aim to nurture local talent and 3; provide new, creative opportunities for the entire community to engage with and enjoy. We have also been | providing work experience and volunteering opportunities to young people to help them develop skills, s | confidence, and career prospects. e Ourstrategic initiatives continue to be centred around fostering employability and creating clear creative pathways for individuals in the community, mainly focused on young people. We are | collaborating with local authority and third sector organisations, educational institutions, local | artists/ creative professionals, and national organisations to offer skill-building opportunities,
ensuring that participants are equipped with the tools needed to develop their careers, mainly | within the creative industries. These partnerships are designed to bridge the gap between | education, skills development, and career opportunities, empowering individuals and guiding them towards positive destinations. : e Ourcreative hub at 44 King Street, Stirling, continues to serve as a central space for the community, : offering affordable studios, workshops, exhibitions, and cultural events. The venue provides a platform for local talent to showcase their work while also supporting professional development : through accessible training and creative opportunities. : e Weare proud to work with a range of local and national partners to ensure that our initiatives : support a holistic approach to personal and professional development. Collaborations with organisations like LGBT Youth Scotland, Stirling Community Radio, and the National Film and TV School Scotland help us offer tailored support to individuals from diverse backgrounds, including ) those with additional support needs. Through these partnerships, we create inclusive, creative spaces that also focus on mental health and wellbeing, ensuring that participants have the necessary resources to thrive both personally and professionally. ) | These partnerships are vital in our efforts to build a supportive network for individuals seeking to explore | creative career pathways, gain employability skills, and enhance their overall wellbeing. Through collaborative efforts, we continue to create meaningful opportunities and promote the growth of the creative : community in Stirling and beyond. | LGBT | Youth Scotland Our partnership with LGBT Youth Scotland focuses on providing tailored support | and opportunities for young people within the LGBTQIA+ community. Through creative workshops, mentorship, and safe spaces, we empower LGBTQIA+ youth to express themselves, develop new skills, and build confidence. This 7 collaboration ensures that participants can engage in meaningful activities that | promote personal growth and career development, while fostering inclusivity and well-being. ! UNIVERSITY OF STIRLING Creative Stirling is active in developing collaborative opportunity with our local ! University that supports our work as well as the augmenting the knowledge contributing to research projects that meet with our place based purpose and | mission. This year Creative Stirling is one of a cohort of external partners working on the development and delivery of two UoS led projects. | National Film & TV School | Our collaboration with the National Film & TV School Scotland enhances our | Scotland creative pathways by offering opportunities to meet and learn from experts working | in the film and TV industry. This year, we delivered an event featuring talks and | workshops led by professionals working in various jobs within the industry. We are | with direct access to industry-standard education and mentoring and aligns with our future plans around developing employability and skills routes for young people, in view of future plans for Stirling’s new film studios. eee Stirling Speakeasy Cultural Monthly Cultural Events — led by Stirling Makar (poet) Kevin P Gilday. Community Evenings members attend free of charge. All performers’ fees according to Scottish Artists Union Rates. Outcome — to develop local audiences for new affordable cultural evenings celebrating locaV/Scottish spoken word, comedy/performer/independent music/emerging talent. Stirling Community Media In partnership with Stirling Community Media SCIO, we run the Community & SCIO Media Matters project, a three-year funded initiative that supports young people in learning vital digital skills. Through this project, participants gain hands-on experience in podcasting, presentation, and content creation. This programme primarily targets young people facing socio-economic challenges, have protected characteristics, experiencing challenges with work and Education, Providing them with a creative outlet and valuable tools for their future Employability.
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e Through our various projects, we have worked in many oth r organisations and creatives. partnership with - Find out more here t itt. p s:/ . /www.c reat. iv es: ti r l1g.0°¢ 11 • r / par:ners l hi ps . ,.
| COMMUNITY AND STRATEGIC ACTIVITY - JULY 2024 to JUNE 2025 | COMMUNITY AND STRATEGIC ACTIVITY - JULY 2024 to JUNE 2025 | COMMUNITY AND STRATEGIC ACTIVITY - JULY 2024 to JUNE 2025 |
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| ACTIVITY | REACH | DESCRIPTION |
| Commu.nity&Media Matters (CAMM) (Connect/Courses) Ongoing (May 2023 April 2026) I Young Start National Lottery Funded CAMM Project = |
53 young people received their certificates for graduating CAMM during this time period. |
during this time period. The Connect part is the delivery of the Community and Media Matters Course. Which is n Employability course wrapped up in the vehicle of a media course. Young people come to 44 King Street to do content creation in the radio studios, producing either a podcast or a radio show. They . learn a variety of skills, technical and performative during the 5 P's (Planning Presenting, Production, Podcasting and Promotion) as well as self-management, social intelligence and innovation meta skills. We have connected with a variety of young people, from unaccompanied asylum seekers, school non-attenders, those dealing with trauma and individuals considered vulnerable or marginalised. |
| CAMM (Inspire | Participants: 2,400+ | Inspire:We inspire whenever we go out to promote our |
| Sessions) | services and the Community and the Media Matters Course. | |
| Ongoing (May 2023- | Over the period of July 2024 to June 2025 we have Inspired | |
| April 2026) I Young Start | over 2,400 young people at events including but not limited | |
| National Lottery Funded | to; school and college careers fairs and local community | |
| CAMM Project | groups. We have had several meetings with partners like | |
| Stirling council groups, Developing the Young Workforce and | ||
| education partners. | ||
| Grow & Support: CAMM project employability and volunteering outputs This strand provides hands-on learning, opportunities to meet and learn from industry |
Young participants Support 26 Grow85 |
Paid Trainee Opportunity Learning & Employability funding enabled us to hire a young person as a paid trainee from October 2024._Jamie,_who is neurodiverse and previously left school without a clear route forward, has gained significant confidence and skills. He produces a weekly radio show, writes blogs, supports event delivery and is developing a short CAMM documentary. |
| professionals, workplace | Stirling University Camera Training | |
| experience, and personal | Our community team and trainee received professional | |
| development opportunities within the |
instruction from a University of Stirling technician on our new film cameras. The session offered an introduction to industry |
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| creative industries. | standard equipment and filming techniques. | |
| Visit to Photographers Studio | ||
| Young people visited Greg McNeill's studio, where they learned | ||
| · interview techniques and practiced filming with our newly | ||
| donated cameras. The visit also included an introduction to | ||
| Victorian photographic processes and a guided studio tour. | ||
| Football&Media Experience with Hugh MacDonald | ||
| Renowned football journalist Hugh MacDonald mentored one of | ||
| our young people on their football radio show and delivered a | ||
| Creative Youth Assembly session on sports journalism. Through | ||
| his role at PLZ Soccer, he also arranged a studio visit for a | ||
| passionate participant, described by them as "the highlight of my | ||
| life." | ||
| Stirling University Trip | ||
| Young people visited the University of Stirling to challenge | ||
| perceptions that higher education is "not for them." To demystify |
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games, team-building experiences (such as traitors and task master), and helping to plan, decorate and attend their | annual Christmas Prom. We are also passionate In | | outings/events, joining them attheir space for dinner and | supporting them to advocate for the rights of care| | experienced individuals and to be supported by corporate | | parents. | I Lavender Lives Part 3 Participants 18 This new phase of Lavender Lives expands the project through a | if January 2025 mix of creative tasters, longer skills-development courses, and : | volunteering opportunities. Continuing to work with LGBTQIA+ One year project funded young people aged 13-25, sessions delivered/to be delivered | by the Youth Arts Fund include sculpting, phone-case decorating, gender-affirming hair (Youthlink Scotland) styling, story-gathering, fashion, SFX, animation/procreate, and ceramics. | | In addition to creative learning, the project offers live-project | volunteering opportunities, one-to-one guidance and | individualised support, team building and peer-leadership | activities. Youth volunteers are currently producing a hate-crime : awareness campaign and developing an original LGBTQIA+ board game (detailed below). This phase of Lavender Lives | continues to focus on creative skills, wellbeing, working with | professional artists, self-expression, accessible pathways into : the arts, and building resilience towards brighter futures. : Lassi aracdehtrahive fa a We continue our long-term collaboration with LGBT Youth Lavender Room Work & Scotland’s youth groups, Triangle (Stirling) and FK1 (Falkirk), | ee alongside the adult LGBTQIA+ group The Lavender Room. DNgaIng | PANOGr: CET. Through our Lavender Lives and Jasmine Journeys programmes, Youth Scotland, Ihe we co-deliver creative and skills based Lavender Room courses/workshops/tasters, trips/visits, seasonal events, | games, and social activities. : This ongoing partnership provides consistent community : support, reduces isolation, and strengthens local LGBTQIA+ ¥i networks across the region. Comin’ Oot Board Game | Volunteers: 11 Comin’ Oot” is an original LGBTQIA+ board game created by . | Developed in partnership volunteers from both Lavender Lives and Jasmine Journeys : | with LGBT Youth Scotland projects. We have worked with between 9-11 young volunteers : | & Unseen Unheard who showed dedication to the project, meeting twice each week = | to design each element of the game. The group developed 2 | everything from overall gameplay mechanics and rules to F detailed artwork, story elements and card content. Supported by a | artist David Galletly, the group has been learning to use Procreate, developing skills in digital illustration, layout = | design, and visual storytelling. . Together, they are designing the playing cards, game board, box design, rulebook, gameplay structure and visual identity of the entire game. The long-term aim is to finalise the prototype, run full play-testing sessions with local LGBTQIA+ and external groups, and then seek investment to produce and sell the game. | Proceeds are intended to support future youth-led creative projects, ensuring the work continues to benefit the community. Hate Crime Awareness | 15-22 young Volunteers from Lavender Lives and Jasmine Journeys are coCampaign participants/volunteers | developing a community-focused Hate Crime Awareness | In partnership with Police Campaign in collaboration with local Police Inclusion Scotland Officer, Rebecca Northover, and local artist, David Galletly. The 5
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Loch Lomond Residential 2025 | Partner: LGBT Youth Scotland & Loch Lomond & the Trossach National Park Trust ) Two-night residential at Loch Achray, delivered in collaboration with LGBT Youth Scotland and the Loch Lomond & The Fi | Trossachs National Park Trust. The trip provided a valuable opportunity to spend dedicated time with several of our youth | volunteers, focusing on team building, confidence, and well: | being. | Young Carers Action Day March 2025| Partner: Stirling Young Carers As part of Young Carers Day 2025, themed “Give Me a Break,” we delivered a creative event offering ceramics (with e : Jade Diamond Art), illustration (David Galletly), animation (Indie | theFlynn), success storyboardingof our 2024 and event podcasting but with workshops. Modelleda greater wellbeing f o cus,n : the day provided young carers with space to explore creativity, | rest and build new skills. | | Set| Funded Design,by Stirling Construction& Forth &Vall Sc e ynicArts PaintingSociety Course June 2025 = | A two-day practical course, led by one of our former youth | participants, Matthew MacMillan, alongside his fellow student Matt Whittle, who currently study at the Royal | Conservatoire of Scotland. Their leadership offered a powerful | example of peer-inspired progression, showing participants real pathways into professional creative training. Moon Tell Me Truth June - July 2025| In partnership with The | Hands Up Project : : nN created and inspired by children ; aH)
campaign aims to increase public understanding of what constitutes a hate crime, how prejudice and discrimination can manifest, and why reporting incidents is essential for community Safety and support. Through creative workshops, visual design sessions and | discussions with police, volunteers are shaping a campaign that | is informative, accessible and grounded in lived experience. The | final campaign will provide clear messaging on recognising hate | crime, where it stems from, how to report it, and what support | pathways are available, so that communities to stay informed | and protected, and together take steps to end hate. i Creative Community n/a across community | British Science Week Project Projects, outreach and | projects and March 2025 | Funded by British Science Week exhibitions. exhibitions with public audience access. We secured funding to support one of our youth volunteers in their first paid freelance role. This young person received mentoring to write a funding application, create a project plan, produce risk assessments, and design youth-led “science escape-room” sessions.
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in Gaza through The Hands Up Project. Many of the poetry works were produced by children who have been displaced or are no longer with us, offering a deeply moving, intimate glimpse into young lives shaped by conflict yet filled with resilience, imagination and hope. Volunteering celebrations 2024 - ongoing | Various projects | § To celebrate our youth volunteers across our various projects, | | we held a festive end-of-year celebration in December 2024. Young people from different programmes came together to play video games, enjoy food, make bubble tea (by popular request), and spend time building connections across groups. In June, as part of National Volunteer Week, we took part In SVE’s “Goose Chase” challenge, completing activities such as community litter picking, creating a team mascot, and even dancing in public. We also hosted our first-ever CYA podcast, featuring a youth volunteer from CAMM and a volunteer from our LGBTQIA+ programmes. They discussed their experiences, the impact of their involvement, and what participation has meant for them. This is a format we plan to develop into a regular opportunity, helping to highlight our work and strengthen our evaluation and evidence base. Strategic/partnership Creative Industries/Development activity FORTH20 33 workshop FORTH20 is a Stirling University led (Natural Sciences) major participants —creative | research project (LPIP) and Creative Stirling is one of 90+ methodologies in partner organisations for this UKHRI funded study into our collaboration. relationship with water. The project joins Environmental Science, Economy, Culture and Heath & Wellbeing. CS is part of the core working group for Culture & Natural Heritage (WP6) Outcomes this (first) year of the 3 year study include delivery of events for community engagement and seminars for partners to explore creative methodologies and approaches to collaboration. HEALTHY TENEMENTS Project partners HTHL is a Stirling University led (Arts & Humanities) project HEALTHY LIVES University of Stirling in development with local partners Stirling City Heritage FELScotland Trust, Forth Environment Link Scotland and Creative Stirling. Stirling City Heritage We are supporting R&D of a project to promote thermal Trust comfort in traditional buildings focus on Mercat Cross Community/Top of the Town (SMDI). The partners are | working on funding and partnership investment to impact local residents and address underlying issues with landlords/funding. CS are supporting community | engagement (includes our local community membership) and artists opportunities in plans for delivery over three | | years. FORTH VALLEY CREATIVE | Network membership Monthly meetings for Creatives and mapping of Creative NETWORK attending events community across Forth Valley (Stirling Clacks and Falkirk) 86 FVCN Mailing list Nov 2024 - Engine Shed Forth Valley Creative Economy[Strategic][stakeholder][event][in][November.][This] 71 seminar[-—a] stakeholder workshop will build on the plans to work more closely with economic development teams in Stirling, Falkirk
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nd Clackmannanshire Councils on the regional economic stratecy trat · gy mbitions n a O Journey to et Zero Productive Places N & e Popead L n In lusiv Grow h & w ltb ing. c e t Ge. € Op portuni y to h r kn w edg ty to snare Hrowledwe a nd learning from FVCN d v lopment activity o d te, evelar itvt a to · discu SS proposed creative e e us t ent rpris bu iness opportunl ies with invited key e stakeholders from across Forth Vall y local government, public and third sector organisations, ent rpr1se academja e ’ , creative industries culture, heritage and climate science sectors
, F NANCIAL REVIEW
Results for the year
CS operates as a social enterprise, generating income through its trading subsidiary, MIS, from our core community tenants who operate from our creative venue space at 44 King Street. Now our charity and our communities are living with the effects of the COLC, we continue to identify new ways to generate income MIS has room for growth and we are confident that our trading arm will continue to provide financial resilience through the current challenging times, while across arts and culture and community, grants to support our charitable activities become harder to find.
£481. 13 510 . , The results for the year are set out in the Statement of Financiar Activities and show a deficit of £ 1 024: £184 240 Total expenditure for the year amounted to £24 ,374 (2 ). At the year-end total charitable funds were £38,211 of which £38,702 were restricted, resulting in a small deficit in unrestricted funds of
nvestment Powers and Pol"cy I
The Trustees have kept available funds in current accounts owing to operational liquidity requirements.
Reserves Policy and Going Concern
t The organisation's aim is to maintain reserves of over £80 000. At the year-end £33 182 was retained, being all restricted funds. The trading subsidiary continues to perform above target and there is confidence in growth of funding from that source.
The Trustees have approved a budget for 2025 /26 that seeks to further recover the financial reserves of the Charity. The Trustees have reviewed the circumstances of the Charity and consider that adequate uture. resources continue to be available to fund the activities of the Charity for the foreseeable f
Plans for Future Periods
On 30 January 2025 the Charity received notice of a successful bid to Creative Scotland for multi-year funding. The award amounts to £376,000 over the next 3 fiscal years. The award provides additional financial stability to allow the Charity to further develop and fulfil its charitable objectives.
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4 CREATIVE STIRLING SCIO t TRUSTEES’ REPORT REPORT | FOR THE YEAR ENDED 30 JUNE 2025 THE YEAR ENDED 30 JUNE 2025 YEAR ENDED 30 JUNE 2025 30 JUNE 2025 JUNE 2025 2025 | Trustees’ responsibilities in relation to the financial the financial financial statements
CREATIVE STIRLING SCIO . TRUSTEES’ REPORT REPORT ; 2 FOR THE YEAR ENDED 30 JUNE 2025 THE YEAR ENDED 30 JUNE 2025 YEAR ENDED 30 JUNE 2025 30 JUNE 2025 JUNE 2025 2025 . Trustees’ responsibilities in relation to the financial the financial financial statements : The Trustees are responsible for preparing the Trustees’ Report and the financial statements in : accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally : Accepted Accounting Practice). i Company law requires the Trustees to prepare financial statements for each financial year which give a ' true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to: e select suitable accounting policies and then apply them consistently; e observe the method and principles in the applicable Charities SORP; e make judgements and accounting estimates that are reasonable and prudent; | e state whether applicable UK accounting standards have been followed, subject to any material i departures disclosed and explained in the financial statements; e prepare the financial statements on the going concern basis unless It Is inappropriate to presume | that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable | accuracy at any time the financial position of the charity and to enable them to ensure that the financial : statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets : of the charity and hence taking reasonable steps for the prevention and detection of fraud and other : irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information : on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of Trustees As set out in the Articles of Association, the Trustees are appointed by resolution of the other board members and their experience, knowledge and skills are taken into consideration. New Trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the Scottish Charity Regulator’s guidance on Trustee duties, and inform them of the content of the Memorandum and : Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other | trustees. Trustees are encouraged to attend appropriate external training events where these will | facilitate the undertaking of their role. ! :
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Organisational structure The Board of Trustees, which can have up to 11 members, administers the charity and normally meets quarterly. An Executive Director is appointed by the Trustees to manage the day-to-day operations of the charity and is also a full member of the board. To facilitate effective operations, the Executive Director has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and creative activity.
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CREAT IV___ ESTRL I IN GS Cl O · TRUS1cES’ REPORT FOR R THE YEAR ENDED N 30 JUN 20 E 225 y.,,. REFERE N CEANDADMINISTR A ION INFO MA ION TT . RAAT
Trustees
The following served during the year to signing:
Chair Alyn Smith Jamie Grant (resigned 24 July 2024) J Hamilton
D Carson
H Kepelian M McGregor
W ,Garcia
Executive Director
Professor Joe Hall
Principal Office
44 King Street Stirling FK8 1AY
Company Registration No: CS005634 Charity No: SC046431
Independent Examiner
Neil Mackinnon Arm in Arm Accounting Alloa Business centre Alloa Business Park The Whins Alloa FK10 3SA
Bankers
HSBC 2 Buchanan Street Glasgow G1 3LB
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30/03/2026
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|CREATIVE|STIRLING|SCIO|
|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|FOR|THE YEAR|ENDED|30 JUNE|2025|
|2025|2025|2025|2024|
|Note|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|£|£|£|F|
|Income|and|endowments|
|Donations|and|legacies|2|3,014|:|3,014|1,544|
|Charitable|activities|3|86,185|138,665|224,850|214.472|
|Investments- bank interest|-|:|ia|soles|tatigd|
|Total|89,199|138,665|227,864|216,016|
|income|and|endowments|
|Expenditure|
|Charitable|activities|4|90,159|151,215|241,374|184,240|
|Total expenditure|90,159|151,215|241,374|184,240|
|Net income|(960)|(12,550)|(13,510)|31,766|
|Net income and movement in funds|(960)|(12,550)|(13,510)|31,766|
|Total funds brought forward|13|479|91,252|91,731|19,955|
|T|otalhe|Charity funds has no carried recognised forward|gains or losses13|other(481) than the|results38,702for the year as38,211 set out above.21,731|
|All|activities|of the|Charity are classed as continuing|in the current|year.|
|The notes on pages|16 to 24 are an|integral|part of these accounts.|
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CREATIVE STIRLING SCIO BALANCE SHEET AS AT 30 JUNE 2025
| 2025 | 2025 | 2025 | 2024 | ||
|---|---|---|---|---|---|
| Note | Unrestricted Restricted |
Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| £ | £ | F | £ | ||
| Fixed assets | |||||
| Tangible assets | 8 | - | 47,086 | 47,086 | 53,654 |
| Investments | 9 | 1 | - | 1 | 1 |
| Total fixed assets | 1 | 47,086 | 47,087 | 53,000 | |
| Current assets | |||||
| Debtors | 10 | 1,024 | - | 1,024 | 7,107 |
| Cash at bank and in hand | 36,993 | - | 36,993 | 21,915 | |
| Total current assets | 38,017 | - | 38,017 | 29,022 | |
| Liabilities | |||||
| Creditors falling due within | |||||
| one year | 11 | 9 462 | 1,008 | 10,470 | 6,759 |
| Net current assets | 28,555 | 1,008 | 27,547 | 22,263 | |
| Total assets less current liabilities | 28,556 | 46,078 | 74,634 | 75,918 | |
| Creditors falling due after | |||||
| one year | 12 | 29,037 | 7,376 | 36,413 | 24,187 |
| Net assets | _(481) | 38,702 _ | 38,221 | 21,731 | |
| Funds ofthe charity | |||||
| Unrestricted funds | (481) | - | (481) | 479 | |
| Restricted funds | - | 38,702 | 38,702 | 51,252 | |
| Total charityfunds | 13 | _(481) | 38,702 | SB200oo.78d | 78d |
| The notes on pages 16 to 24 | form an | integral partofthese accounts. | |||
| The accounts were approved | by the Trustees on -------r-----+--- 24)0si:4 |
and signed on their behalf by: | |||
| Trustee |
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CREATIVE STIRLING SCIO NOTES FORMING PART OF THE FINANCIAL STATEMENTS AS AT 30 JUNE 5
- Accounting Policies The principal accounting policies, which have been applied consistently in the year in dealing with items which are considered material to the accounts, are set out below.
Basis of accounting
The financial statements have been prepared under the historical cost convention with items | recognised at cost or transaction value unless otherwise Stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of | Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland | (FRS102) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United | Kingdom and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). These financial statements contain information about Creative Stirling as an individual charity and do not contain consolidated financial information as the parent of a group. Creative Stirling meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recorded at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows: Unrestricted Funds Unrestricted funds are grants and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. The Trustees may designate from time to time some of these reserves for specific purposes and activities. All unrestricted reserves are currently undesignated and held in general funds. Restricted funds Any restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Income All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: ¢ Donations are included in full in the statement of financial activities when receivable. Donated assets are included in the statement of financial activities where the benefit to the Charity is reasonably quantifiable and measurable. The value of the donated assets is the estimated price the charity would expect to pay in the open market for the equivalent assets. e Income from charitable activities are accounted for when earned in accordance with the date of the event. e Income from grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled. Income related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. ¢ Income from the sale of merchandise is recognised upon receipt of income. e Investment income is included when receivable.
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eee a IO / e Where performance conditions are attached to income and are yet to be met, the income is | | recognised asa liability and included on the Balance Sheet as deferred income to be released. CREATIVE STIRLING SCIO | | NOTES FORMING PART OF THE FINANCIAL STATEMENTS } AS AT 30 JUNE 2025 | Accounting Policies (cont.) | Expenditure , Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third | party, it is probable that settlement will be required, and the amount of the obligation can be measured | reliably. Expenditure is shown inclusive of irrecoverable input VAT and is classified under the following | activity headings: | e Costs of raising funds comprise the costs of fundraising. ! e Expenditure on charitable activities includes the costs incurred by the the charity in delivery of its , activities and services to its beneficiaries and their associated support costs. | | | Judgements and key sources of estimation key sources of estimation sources of estimation of estimation estimation uncertainty In the application of the the charity's accounting policies, the trustees are required to make judgements, judgements, | estimates and assumptions about the carrying amount of assets assets and liabilities that are 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 from these : estimates.
e Expenditure on charitable activities includes the costs incurred by the the charity in delivery of its | activities and services to its beneficiaries and their associated support costs. | Judgements and key sources of estimation key sources of estimation sources of estimation of estimation estimation uncertainty | In the application of the the charity's accounting policies, the trustees are required to make judgements, judgements, estimates and assumptions about the carrying amount of assets assets and liabilities that are 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 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 periods where the revision affects both current and : future periods. : Fixed Assets ; All tangible fixed assets costing in excess of £500 and having a value to the charity greater than one : year, other than those acquired for specific purposes, are capitalised. : Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of = tangible fixed assets over their estimated useful lives: = e Leasehold = e Improvements 10% on cost : e Fixtures & Fittings 12.5% on cost 4 e Computer Equipment 25% on cost E e Plant & Equipment 25% on cost 5 Investment : The investment in the subsidiary company, Made in Stirling CIC, is recognised at cost. . Financial instruments : The charity only has financial assets and liabilities of a kind that qualify as basic instruments. Basic : financial instruments are initially recognised at transaction value and subsequently measured at their = settlement value. Pensions F The Charity operates a contribution scheme for members of staff's private pensions. : Taxation ; Creative Stirling is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. | ; i 17 F :
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|CREATIVE|STIRLING|SCIO|
|NOTES TO THE|FINANCIAL ACTIVITIES|
|FOR THE YEAR ENDED|30 JUNE|2025|
|2.|Donations|and|legacies|
|2025|2025|2025|2024|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|£|£|£|£.|
|Donations|3,014|;|3,014|1,544|
|Income from donations and legacies was £3,014 (2024:£1,544)|all of|which was unrestricted|
|income.|
|3.|Charitable|activities|
|2025|2025|2025|2024|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|.|£|£|£|
|Commission|from|shop|sales|-|-|.|:|
|Rent received|8,994|-|8.994|1,021|
|Rent|received|— Made|in|Stirling|CIC|68,860|-|68,860|66,000|
|Events|:|*|r|2,162|
|Other|income|1,399|.|1,399|9,740|
|Contribution|from|Made|in|Stirling|CIC|3,212|-|3,212|11,850|
|Grants|—|performance|related|3,720|138,665|142,385|123,699|
|86.189|138.665|224.850|214,472|
|Income|from|charitable|activities|was|£224,850|(2024:|£214,472)|of which|£86,185|(2024:|£83,133)|was|
|unrestricted|income and £138,665 (2024: £131,339) was restricted income.|
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CREATIVE STIRLING SCIO NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
4. Analysis of expenditure
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2025 2025 2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
e £ £ £
Charitable expenditure
Rent and water rates 6,331 19,097 25,428 (4,311)
Artists’ costs 6,781 784 7,565 5,399
Event costs 1,220 1,590 2,810 4,269
Wages 53,147 70,484 123,631 114,857
Employer NI 3,049 4,043 7,092 4,498
Employer Pensions 1,083 1,436 2,519 2,365
Insurance 2,524 12,618 15,142 8,414
Light and heat 3,267 16,334 19,601 20,928
Telephone 84 420 504 485
King Street fit out 2,113 - 2,113 7
Community development - 7,994 7,994 7,074
Training and consultancy - 3,627 3,627 :
Computer software and IT 204 1,050 1,254 1,106
Advertising 46 232 278 583
Licences - 135 135 -
Donations paid - - - 1,260
Depreciation charges 6,567 - 6,567 8,335
Bank charges 10 50 60 50
Accountancy fees (70) (347) (417) 3,644
Independent examiners fee 129 625 750 750
Legal fees 2,016 10,078 12,094 4,141
Other expenses 1,062 965 2.027 393
90,159 151,215 241,374 184,240
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Support costs have not been separately identified as the Trustees consider that there is only one charitable activity. Expenditure on charitable activities was £241,374 (2024:£184,240) of which £90,159 (2024:£80,155) was unrestricted and £151,215 (2024: £104,085) was restricted.
5. Net result
This is stated after charging:
Independent examiners’ fees Depreciation charges
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2025 2024
Total Total
3 £
750 750
6,567 8,336
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CREATIVE STIRLING SCIO NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
6. Analysis of staff costs
| 6. Analysis of staff costscosts | ||
|---|---|---|
| 2025 | 2024 | |
| Total | Total | |
| £ | £ | |
| Salaries and wages | 123,631 | 114,857 |
| Social security costs Pension costs |
7,092 2,919 |
4,498 2,365 |
| 133,242 | 121,171 |
The average number of employees on a headcount basis during the period was 6 (2024: 6). No employee had employee benefits in excess of £60,000 in 2025 or 2024. During the year the Charity operated personal pension plans for all employees. The Charity’s contribution IS 3% (2024: 3%) of salary. The charge for the year was £2,519 (2024: £2,365) of which £444 (2024: £375) was outstanding at the balance sheet date.
- Trustees’ remuneration and related party transactions
No trustee received remuneration during the current or prior year for their services as a Trustee. During the year no Trustee was reimbursed (2024: none) in relation to general expenses purchased on behalf of the Charity. A donation of £3,212 (2024: £11,850) was received from the subsidiary company Made in Stirling CIC. Rental income of £68,860 (2024: £66,000) was recognised from Made in Stirling. At the year end nil (2024: Enil) remains due from Made in Stirling to Creative Stirling. At the year end £859 (2024: £556) remains due from Creative Stirling to Made in Stirling for reimbursement of expenses.
8. Fixed assets
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Leasehold Computer Plant &Total
Equipment Equipment Machinery
£ £ = £
Cost
As at 1 July 2024 65,603 2,294 7,021 74,918
Additions 2S - : :
As at 30 June 2025 65,603 2.294 7.021 74,918
Depreciation
As at 1 July 2024 (11,956) (2,287) (7,021) (21,264)
Charge for the year 6.560 __(7) ‘ (6,567)
As at 30 June 2025 (18,516) (2,294) (7,021) (27,831)
Net book value as at 30 June 2025 47,087 at. Oa ie 47,087
Net book value as at 30 June 2024 23,647 eae : 53.654
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CREATIVE STIRLING SCIO NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
9. Investments
| 9. Investments | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Investment in subsidiary company | ||
| As at 1 July 2024 | 1 | 1 |
| Additions | - | feted: |
| As at 30 June 2025 | 1 | ed |
| The Charity owns the full issued share capital ofMade in Stirling CIC (Company number: | ||
| SC697948).Extracts from the unaudited financial statements ofMade in | Stirling CIC are provided in note | |
| 15. |
| 10. Debtors | . | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Total | Total | |||
| 3 | £ | |||
| Other debtors | 1,024 | 5,340 | ||
| VAT debtor | - | 1,423 | ||
| Amounts due from subsidiary | - | = | ||
| Prepayments and accrued income | - | ___44 | ||
| —1,024 | LAL | |||
| 11. Creditors falling due within one year | ||||
| 2025 | 2024 | |||
| Total | Total | |||
| 3 | £ | |||
| Trade creditors | 433 | 1,946 | ||
| Loan | - | - | ||
| Social securityand othertaxes | 7,008 | 2,115 | ||
| VAT | 518 | - | ||
| Pension liability Amounts due to subsidiary |
444 859 |
375 556 |
||
| Other creditors Accruedexpenses |
458 750 10,470 |
- 1,167 6,759 |
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| 12. Creditors falling due after one year | ||||
| 2025 | 2024 | |||
| Total | Total | |||
| £ | 3 | |||
| Loan —due 1 to 2 years | - | - | ||
| Loan—due 2 to 5 years | 36,413 | 24.187 | ||
| 36.413 | 24.187 |
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CREATIVE STIRLING SCIO NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
13. Movement in funds
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|As|at|Income|Expenditure|Transfers|As|at|30.6.25|
|1.7.24|
|Unrestricted|fund|£|£|£|£|
|General fund|(48,546)|89,199|90,159|-|(49,506)|
|Capital|Fund|49,025|:|-|:|49,025|
|Restricted|Fund|479|89,199|90,159|-|(481)|
|Trustee|Donation|9,740|-|9,740|-|
|The|Robertson|
|Trust|9,676|-|9,676|“|:|
|Creative|Scotland|13,978|32,989|22,428|-|24,539|
|National|Lottery|
|Young|Start|21,858|34,730|42.425|-|14,163|
|Stirling|Council|-|32,266|32,266|.|-|
|Creative|Dundee|:|5,888|9,888|;|2|
|SVE|-|15,000|15,000|-|7|
|Youthlink|-|15,000|15,000|:|=|
|Go|Forth|Stirling|:|2.792|2,792|.|ste|eels|SD|
|01,252|138,665|151,215|-|38,702|
|a Na|ORR|8|OT|ae|1|er|er|or|eee.|
|01,731|227,864|241,374|:|50,221|
|i|ON|ee|es|= ST|
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Fund purposes: Unrestricted funds: General fund Represents the general giving and expenditure of the charity. Capital fund Represents the improvements made to the shop property. Restricted funds: Digital Skills Digital skills project Youthlink LGBT youth arts programme National Lottery Fund - Young Start Community and Media Matters (CAMM) project delivery The Robertson Trust Matched funding for CAMM and youth project Employability Fund Matched funding for CAMM and youth project Ross and Liddel Donation Zero Waste Scotland Development of Stirling sustainable futures project Creative Scotland Development of Forth Valley creative economy network
Restricted funds:
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CREATIVE STIRLING SCIO NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| | :
13. Movement in funds (cont.) comparatives
| As at | Income | Expenditure | Transfers | Asat | ||
|---|---|---|---|---|---|---|
| ee | 30.06.24 | |||||
| Unrestricted fund Generalfund Capital fund Restricted fund |
(53,068) 49,025 (4,043) |
84,677 84,677 |
80,155 80,155 |
- - |
(48,546) 49,025 479 |
|
| Trustee donation | - | 9,740 | - | - | 9,740 | |
| Digital skills | 23,998 | - | 23,998 | - | - | |
| Youthlink | - | 15,000 | 15,000 | - | * | |
| The Robertson Trust | : | 26,000 | 20,434 | . | 5,676 | |
| Ross and Liddel Employabilityfund Zero waste Scotland Creative Scotland |
: . - - |
500 19,632 3,625 24,057 |
500 19,962 3,020 10,079 |
- . - - |
" . - 13,978 |
|
| National LotteryYoung Start |
- | 32,785 | 10,927 | - | 21,858 | |
| 23,998 | 131,339 | 104,085 | - | 51,202 | ||
| 19,955 | 216,016 | 184,240 | - | 51,731 |
14. Operating leases
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At the end of the financial year the charity had commitments under a non-cancellable operating lease for
rent as follows:
2025 2024
Total Total
£ x
Within one year m i
Between two and five years ae Nel aafig=! — i
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CREATIVE STIRLING SCIO NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
- Made in Stirling CIC
The 100% owned subsidiary of the SCIO, Made in Stirling CIC is a Company limited by shares and incorporated in the UK (Company number SC697948). An extract of its trading results from its unaudited financial statements are provided below:
Trading results:
Year to Year to 30 June 2025 to 30 June 2024 Turnover : 3 Cost 228,261 218,847 of sales (31,823) (18,665) Gross profit 196,438 200,182 Administration costs: Service charges (68,860) (68,833) Charitable donation to Creative Stirling (3:212) (10,000) Other administration costs (124,366) (121,349) Profit/ (loss) for the period = seein Assets and liabilities: Current assets 73,367 38,638 Current liabilities (73,366) (38,637) Net current asset 1 1 Liabilities due after more than one year - 5 Net assets 1 1
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