2025-11-01-accounts

OSC r

	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period
	Period start date					Period end date
	Day	Month	Year		Day	Month	Year
From	02	11	2024	To	01	11	2025

Office of the Scottish Charity Regulator

Reference and administration details

Charity name Lucid Dream Arts Other names charity is known by Registered charity number SC046960 Registered charity number Flat 2/1, 6 Kirkwell Road, Glasgow

Postcode G44 5UL

Names of the charity trustees on date of approval of Trustees’ Annual Report

	Trustee name	Office (if any)	Dates acted if not for whole period	Name of person (or body) entitled to appoint trustee (if any)
1 2 3 4	Nick Coffey
	Christopher Hannan
	Linda Robertson

Reference and administration details

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Name Dates acted if not for whole period

Structure, governance and management

Type of governing document Trustee recruitment and appointment	Constitution for Single tier Scottish Charitable Incorporated Organisation (SCIO)
	Trustees are elected at the charity’s AGM per the organisation’s constitution.

Objectives and activities

Charitable purposes Summary of the main activities in relation to these objects	B – The advancement of education G – The advancement of the arts, heritage, culture or science
	Arts activity identified (Govan Project). Funding for this project was applied for and received. Planning for this project started. Additional funding researched and applied for to further advance the project.

Achievements and performance

Summary of the main achievements of the charity during the financial period	The achievement of Lucid Dream Arts in this period included receiving project funding for the Govan Project, the planning and the initiation of activities to fulfil the funding objectives as per the application to the donor.

Financial review

Brief statement of the charity’s policy on reserves Details of any deficit Donated facilities and services (if any)	The organisation will not be holding any significant reserves at this time. All funding received is for specific projects and not to be kept as reserves. There is no planned activity that will require reserves to be maintained.
	N/A
	N/A

2

OSC r

Office of the Scottish Charity Regulator

Independent examiner’s report on the accounts

Report to the	Charity name
trustees/members of	Lucid Dream Arts
Registered charity number	SC046960
On the accounts	Period start date			Period end date
of the charity for	Day Month	Year		Day	Month		Year
the period	02 11	2024	to	01	11		2025
Set out on pages

		Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts	Independent examiner’s report on the accounts
Report to the trustees/members of Registered charity number On the accounts of the charity for the period Set out on pages		Charity name Lucid Dream Arts
		SC046960
			Period start date					Period end date
			Day	Month	Year			Day		Month	Year
			02	11	2024	to		01		11	2025
	et out on pages
	Respectiv responsibilities o trustees an examine Basis o independen examiner’ statemen Independen examiner’ statemen Signed Name Relevan professiona qualification(s) o	e f d r f t s t t s t : : t l r	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.
			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, I do not express an audit opinion on the accounts.
			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 understanding of the accounts to be reached.
							Date:
			Michael Benham
			Chartered Accountant, member of ICAS
		:	Benham Conway & Co
			16 Royal Crescent
			Glasgow
			G3 7SL

Name: Michael Benham Relevant

professional Chartered Accountant, member of ICAS qualification(s) or

Address: Benham Conway & Co 16 Royal Crescent Glasgow G3 7SL

4

Lucid Dream Arts Registered Charity Number SC046960 Statement of Receipts and Payments for the Period 2 November 2024 to 1 November 2025

	Unrestricted	Restricted	2025 Total		2024 Total
Income	£	£	£		£
The William Syson Foundation	0	0	0		0
Other Income	240	0	240		373
Total Income	240	0	240		373
Expenditure
Project Costs	0	0	0		1.735
Administrative Costs	240	0	240		360
Total Expenditure	240	0	240		2,095
Net Receipts / (Payments)	0	0	0		(1,722)
Funds Carried Over from 2022/23	0	0	0		1,722
Transfer between Funds	0	0	0		0
Closing balances	0	0	0		0
Statement of Balances as at 1 November 2025
Bank	0	0	0		0
Balance as at 1 November 2025	0	0	0		0

5