Trustees’ Annual Report including Annual Receipts & Payments Accounts
for
Granton: Hub SCIO
Known as Granton: Hub @ The Madelvic for the year to 31st July 2025
Scottish Charity No – SC046708
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Index
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Page 3 Reference & Administrative Information
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Page 4 Trustees’ Annual Report:
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Structure, Governance & Management Objectives & Activities
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Page 5-9 Achievements & Performance
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Page 10 Financial Review & Statement of Trustees
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Page 11-13 Annual Accounts:
Page 11 Receipts & Payments Account Page 11 Statement of Balances Page 12-13 Notes to the Accounts
- Page 14 Independent Examiners Report
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Reference & Administrative Information
Charity name Granton: Hub SCIO
Known as Granton: Hub @ The Madelvic
Charity no SC046708
Principal address
Madelvic House Granton Park Avenue Edinburgh EH5 1HS
Trustees on date of approval
Sallie Bale Co-Chair Appointed 10[th] June 2025 Nikita Edwin Douglas Co-Chair Appointed 10[th] June 2025 Romain Viguier Treasurer Appointed 21[st] February 2022 Rohan Siva Selvan Secretary Appointed 9[th] April 2025 Willie Black Appointed 21[st] February 2022 Vassilis Galanos Appointed 01[st] December 2024
Other Charity Trustees during the period
Gareth Hutchison Resigned 24[th] August 2024 Gina Fierlafijn Reddie Resigned 01[st] December 2024 Rowan Brough Resigned 02[nd] April 2025 Dave Harrold Resigned 15[th] May 2025 James Strong Resigned 16[th] May 2025
Independent Examiner
Sue Bennett ACIE 21 Dounehill JEDBURGH TD8 6LJ
Bankers
TSB Bank PO BOX 1000 BX4 7SB
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Structure, Governance & Management
Constitution
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 13th July 2016. The Charity was previously an unincorporated association but changed its legal form to a SCIO. The assets of the unincorporated association were transferred to the SCIO on the 13th July 2016. It has a two-tier structure.
Appointment of Trustees
At each Annual General Meeting the members may elect any Member to be a charity trustee. There must be a minimum of three and a maximum of nine trustees. The board may at any time appoint any member (unless he/she is debarred from membership under clause 68 of the Constitution) to be a charity trustee.
At each AGM, all of the charity trustees must retire from office - but may then be re-elected. A charity trustee retiring at an AGM will be deemed to have been re-elected unless:
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he/she advises the board prior to the conclusion of the AGM that he/she does not wish to be re-appointed as a charity trustee; or,
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an election process was held at the AGM and he/she was not among those elected/re-elected through that process; or,
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a resolution for the re-election of that charity trustee was put to the AGM and was not carried.
In addition to their powers under clause 72, the board may at any time appoint any nonmember of the organisation to be a charity trustee (subject to clause 66) either on the basis that he/she has been nominated by a body with which the organisation has close contact in the course of its activities or on the basis that he/she has specialist experience and/or skills which could be of assistance to the board.
Objectives & Activities
As set out in the ‘Constitution’ and ‘The Charities and Trustee Investments (Scotland) Act 2005’ the purpose(s) of Granton: Hub are the following:
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The advancement of education.
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The advancement of the arts, heritage, culture or science.
● The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
- The advancement of environmental protection or improvement.
Any other purpose that may reasonably be regarded as analogous to any of the preceding purposes.
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Achievements & Performance
1. Transformation & investment
£2.9m building renovation approved
A major milestone for the hub. This investment from City of Edinburgh Council, Historic Environment Scotland and the National Lottery Heritage Fund places us at the heart of Granton’s heritage-led regeneration and will transform our building, our capacity, and the opportunities we can offer.
£3,000 Corra Foundation's Boost Small Grant Fund
To upgrade to our kitchen facilities. Initially the hope was to return the space to a community or commercial kitchen, but we may have to scale back to a communal kitchen area.
New business plan and fundraising support
We have completed a clear, confident business plan to guide the next three years and have engaged a professional fundraising firm to help secure long-term, sustainable funding.
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
2. Arts & heritage in action
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Quiet Heroes exhibition
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A powerful, thoughtful exhibition that brought new visitors into the hub and demonstrated our commitment to sharing local stories through meaningful arts experiences. Showcasing award-winning photographer Chris McCluskie’s work, and opened by MSP Ben Macpherson.
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
GrantonHub art classes
Over the past year, art classes at Granton:hub have continued to play a central role in activating the space and engaging the local community. Weekly sessions in life drawing (Tuesday), portrait drawing (Thursday), and painting (Wednesday) have brought together participants of all levels, from complete beginners to more experienced artists, in a welcoming and supportive studio environment. This year we also tested a Spring series of landscape sketching / watercolour that offered opportunity to capture the changing nature of Granton.
Beyond the classes themselves, the sessions have contributed to building a sense of community within the hub. Participants have returned regularly, forming a consistent and engaged group, while new attendees have been welcomed throughout the year. The classes have also supported wider activity within Granton:hub, contributing to exhibitions and events, and reinforcing the hub’s role as a space for learning, creativity, and social connection.
Financially, the art classes have been self-sustaining, covering their direct costs while contributing to the overall vitality and visibility of the organisation.
15 new display boards for the Curious Edinburgh walking tour
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
These new boards highlight Granton’s heritage across the area, marking one of our biggest contributions to public history in recent years.
Doors Open Day
We welcomed visitors into the archive and led a guided history walk, connecting people to the rich local stories that underpin the hub’s work.
3. Community presence & participation
Representation at major local events
We were present at the Granton Gas Holder opening, the North Edinburgh Festival, and other community moments, strengthening our connection with local residents.
A successful jumble sale
We raised over £200, but more importantly we welcomed many people into the building for the first time. It was a simple but effective way to open our doors wider.
Involvement in Crown Paint’s national campaign
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
The hub featured as part of a national awareness campaign about the role and value of community centres, giving us visibility far beyond Granton.
4. Income, growth & future stability
Becoming a filming location
We are now actively used as a filming venue, building relationships with Edinburgh’s creative industries. We had local BAFTA nominated director Garry Fraser using the building as a location for a recent project involving Irvine Welsh.
Continued volunteer-led heritage activity
The History Group has remained active throughout the year, ensuring that the hub’s core heritage activity remained strong even as we navigated change and renewal.
Ongoing activities at the hub which contribute towards our charitable purposes
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Supporting artists through below-market value studio and exhibition space
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Supporting the local community with tiered pricing for event space, below market value
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Community outreach to improve access to the archive
Regular groups using our space this year
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Meditation Group
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Yoga Classes
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Art classes
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Music classes
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Local residents
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Financial Review
Reserves Policy
The trustees consider it desirable to work towards building unrestricted reserves to cover a minimum of six months running costs plus outstanding Service charge liability.
Details of any deficit
There was a financial deficit this year, the Trustee will continue to monitor the financial situation in the new financial year.
Details of Donated Facilities & Services
The Charity benefits from the time given by all the Trustees, members and volunteers who run the Charity. This includes management, monitoring, volunteers’ supervision, and meeting times.
Statement of Trustees Responsibilities
The members of the Charity must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Charity during the financial year. The members of the Charity are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Charity at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the Charity and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Chairperson Date: 11/04/2026
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Statement of Receipts and Payments for the year to 31[st] July 2025
| Notes | Un Restricted |
Restricted Funds |
Total 2025 |
Total 2024 |
|
|---|---|---|---|---|---|
| Receipts | |||||
| Donations | 85 | - | 85 | 120 | |
| Grants | 1 | - | 3,000 | 3,000 | 7,300 |
| Receipts from Fund Raising Activities | - | - | - | 287 | |
| Gross Trading Receipts | 2 | 11,244 | 2,125 | 14,769 | 10,632 |
| Gross Receipts from Other Charitable Activities |
3 | 4,375 | - | 4,375 | 1,116 |
| Total Receipts | 15,703 | 6,535 | 22,228 | 19,455 | |
| Payments | |||||
| Gross Trading Payments | 4 | 6,932 | - | 6,933 | 7,022 |
| Expenses Relating to Projects | 5 | - | 8,275 | 8,275 | 15,183 |
| Expenses Relating to Charitable Activities |
6 | 13,364 | - | 13,364 | 1,039 |
| Independent Examination | 175 | - | 175 | 150 | |
| Total Payments | 20,471 | 8,275 | 28,746 | 23,394 | |
| Net Receipts/(Payments) | (4,768) | (1,750) | (6,518) | (3,939) | |
| Transfer between Funds | - | - | - | - | |
| Surplus/(Deficit) for Year | (4,768) | (1,750) | (6,518) | (3,939) | |
| Statement of Balances as at | Un | Restricted | Total | Total | |
| 31st July 2022 | Restricted | Funds | 2025 | 2024 | |
| Balances at Start of Year | 17,308 | 5,357 | 22,665 | 26,605 | |
| Surplus/(Deficit) for Year | (4,768) | (1,750) | (6,518) | (3,939) | |
| Balances at End of Year | 12,540 | 3,607 | 16,147 | 22,665.32 | |
| Other Assets | |||||
| See Note 7 | 10,150 | 10,616 |
Liabilities
No liabilities
Financial Statements approved by the Charity and signed on its behalf by: Signed......…………………………………………………………. Treasurer Dated...................................................................................... 11 / 04 / 2026
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Notes to the accounts for the year ended 31[st] July 2025
| 1 Grants | ||
|---|---|---|
| 2025 | 2024 | |
| The Corra Foundation | 3,000 | |
| Creative Community Hubs Project | - | 4,700 |
| Creative Informatic Tech Fund | - | 300 |
| Sustran mural project | - | 2,500 |
| Total | 3,000 | 7,300 |
| 2Gross Trading Receipts | ||
| Studio lease | 3,950 | 4,690 |
| Room hire | 8,694 | 5,942 |
| Make Space | 2,125 | - |
| Total | 14,769 | 10,632 |
| 3 Gross Receipts from Other Charitable Activities | ||
| Art Classes | 4,230 | 886 |
| Exhibitions | 145 | 191 |
| Plant Sales | - | 39 |
| Total | £4,375 | £1,116 |
| 4 Gross Trading Payments | ||
| Service Charge | 4,800 | 5,760 |
| Property Maintenance | 17 | 124 |
| Telephone & Website/internet | 1,102 | 791 |
| Catering | 1,013 | 131 |
| Cleaner | - | 216 |
| Total | 6,932 | 7,022 |
| 5 Expenses Relating to Projects | ||
| Creative Community Hubs Project | 7,775 | 4,861 |
| One City Project | 500 | 5,457 |
| Creative Informatic Tech Fund | - | 2,365 |
| Sustran mural project | - | 2,500 |
| Art and Plants costs | ||
| Total | 8,275 | 15,183 |
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Notes to the accounts for the year ended 31[st] July 2025
6 Expenses Relating to charitable activities
| 2025 | 2024 | ||
|---|---|---|---|
| Art classes | 4,020 | 847 | |
| Art in Granton | - | 192 | |
| Exhibitions | 15 | - | |
| Plant Sales | 39 | - | |
| Administrator | 9,290 | - | |
| Total | £13,364 | £1,039 | |
| Assets | |||
| 2024 | Additions | 2025 | |
| Scanning Equipment | 2,170 | (434) | 1736 |
| Computer equipment | 0 | 0 | 0 |
| Camera | 324 | (65) | 259 |
| Garden storage container & | 1,280 | (184) | 1,096 |
| equipment | |||
| Furniture | 259 | (26) | 233 |
| Kitchen equipment | 173 | (17) | 156 |
| Sculptures | 4,623 | 231 | 4,854 |
| Paintings & pictures | 288 | 29 | 316 |
| Murals | 1,500 | 0 | 1,500 |
| £10,616 | £ (466) | £10,150 |
6 Assets
7 Trustee Remuneration and Related Party Transactions
No remuneration was paid to trustees during the reporting period.
8 Nature and purpose of Funds
The statement of accounts for the year shows the financial figures for the Charity. Grants received are restricted for the sole use of the Charity and its running costs.
Annual Report & Financial Statements for the year ending 31st July 2025 Scottish Charity No SC046708
Independent Examiner’s Report on the Accounts
Report to the trustees of Granton:Hub SCIO Registered charity number SC023418 On the accounts of the charity for the period ending 31% July 2025 Set out on Pages 11 to 13
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. 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 Charities Accounts (Scotland) Regulations 2006. 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, | do not express an audit opinion on the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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e to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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® to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sue Bennett 21 Dounehill Jedburgh TD8 6U
Date: IN os lc Sie —
Relevant professional qualification(s) or body: ACIE & Dip Business & Finance