REGISTERED CHARITY NUMBER: SC048515
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2025
for
UK Theatre School SCIO
Accountants Plus Chartered Certified Accountants Second Floor Airbles House 270 Airbles Road Motherwell ML1 3AT
UK Theatre School SCIO
Contents of the Financial Statements for the Year Ended 31 July 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
UK Theatre School SCIO
Report of the Trustees for the Year Ended 31 July 2025
The trustees present their report with the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity’s objectives are the advancement of education and the arts through the provision of performing arts training. This includes tuition in musical theatre, acting, singing, dance, theatre, and drama, with a focus on ensuring access for children and young people, including those from underprivileged and disadvantaged backgrounds.
Significant activities
The charity continued to deliver structured performing arts training to children and young people across Scotland, supporting artistic development alongside confidence, communication, and personal growth. Programmes were delivered at different levels to support progression, from early access to more advanced training. Throughout the
year, activities focused on providing consistent and supportive environments where young people could develop skills, explore their creativity, and build self-confidence. Trustees remained mindful of external pressures affecting families and young people and sought to ensure that provision remained accessible and responsive
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UK Theatre School SCIO
for the Year Ended 31 July 2025
Report of the Trustees
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year, UK Theatre School SCIO continued to deliver high-quality performing arts education with a strong emphasis on inclusion and student experience. The year focused on consolidation, ensuring that delivery remained sustainable and aligned with the charity’s values.
Student voice continued to inform activity through the Student Creative Hub, supporting engagement, ownership, and a sense of belonging. Wellbeing support remained available through the BOOST programme for students requiring additional support.
Dance training continued across a range of styles, reflecting student interest and supporting both technical and personal development. Holiday academies remained a central part of the charity’s offer, providing intensive creative experiences and opportunities for performance, collaboration, and progression into longer-term training.
Widening access remained a priority, although bursary provision continued to be limited due to financial constraints. Trustees continued to explore possible partnerships and funding opportunities to support future access initiatives.
Support for older students preparing for further education remained strong, with school leavers once again achieving successful placements at colleges, universities,and conservatoires.
Continuity of Objectives and Strategic Direction
The trustees confirm that the charity’s objectives remain unchanged and continue to guide all decision-making. Activity during the year remained aligned with the charity’s purpose, with increased emphasis on student voice, wellbeing, and personaldevelopment alongside high standards of tuition.
Trustees continue to take a long-term view, focusing on progression, quality, and sustainability to ensure that the charity can continue to support young people as both developing performers and confident individuals.
FINANCIAL REVIEW
Financial position
The Statement of Financial Activities shows net (deficit)/surplus for the year of £7,598 ( 2024: £7,775).
Reserves policy
Our reserves as at 31st July 2025 are in surplus at £49,186 (2024: Surplus £41,588).
Our policy is to retain 12 weeks of future expected expenditure as free reserves and we are working towards this.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by its governing document and constitutes a Scottish Charitable Incorporated Organisation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
SC048515
Page 2
UK Theatre School SCIO
Report of the Trustees for the Year Ended 31 July 2025
Principal address
4 West Regent Street Glasgow G1 1RW
Trustees
Elizabeth Anne Thomson Jordyn Anne Thomson Sheryl McWilliams
Independent Examiner
Accountants Plus Chartered Certified Accountants Second Floor Airbles House 270 Airbles Road Motherwell ML1 3AT
Approved by order of the board of trustees on 2 February 2026 and signed on its behalf by:
Elizabeth Anne Thomson - Trustee
Page 3
Independent Examiner's Report to the Trustees of UK Theatre School SCIO
I report on the accounts for the year ended 31 July 2025 set out on pages five to eleven.
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) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report
My examination was 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 seeking explanations from you as 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 view given by the accounts.
Independent examiner's statement
In connection with 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 to comply with Regulation 8 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.
Bryan J T Wood FCCA The Association of Chartered Certified Accountants
Accountants Plus Chartered Certified Accountants Second Floor Airbles House 270 Airbles Road Motherwell ML1 3AT
2 February 2026
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UK Theatre School SCIO
Statement of Financial Activities for the Year Ended 31 July 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds Charitable activities Charitable Activities Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.7.25 Unrestricted fund £ 398,507 187,393 203,516 390,909 7,598 41,588 49,186 |
31.7.24 Total funds £ 405,974 185,942 212,257 398,199 7,775 33,813 41,588 |
|---|---|---|
The notes form part of these financial statements
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UK Theatre School SCIO
Balance Sheet 31 July 2025
| Notes CURRENT ASSETS Debtors 4 Cash at bank and in hand CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 6 NET ASSETS/(LIABILITIES) FUNDS 8 Unrestricted funds TOTAL FUNDS |
31.7.25 Unrestricted fund £ 131,117 895 132,012 (77,202) 54,810 54,810 (5,624) 49,186 49,186 49,186 |
31.7.24 Total funds £ 185,293 1,121 186,414 (131,491) 54,923 54,923 (13,335) 41,588 41,588 41,588 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 February 2026 and were signed on its behalf by:
Elizabeth Anne Thomson - Trustee
The notes form part of these financial statements
Page 6
UK Theatre School SCIO
Notes to the Financial Statements for the Year Ended 31 July 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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UK Theatre School SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds Charitable activities Charitable Activities Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
31.7.25 £ 131,117 |
Unrestricted fund £ 405,974 185,942 212,257 398,199 7,775 33,813 41,588 31.7.24 £ 185,293 |
|---|---|---|
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UK Theatre School SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.25 £ Bank loans and overdrafts (see note 7) 9,355 Taxation and social security 37,440 Other creditors 30,407 77,202 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.7.25 £ Bank loans (see note 7) 5,624 7. LOANS An analysis of the maturity of loans is given below: 31.7.25 £ Amounts falling due within one year on demand: Bank loans 9,355 Amounts falling between one and two years: Bank loans - 1-2 years 5,624 8. MOVEMENT IN FUNDS Net movement At 1.8.24 in funds £ £ Unrestricted funds General fund 41,588 7,598 TOTAL FUNDS 41,588 7,598 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 398,507 (390,909) TOTAL FUNDS 398,507 (390,909) |
31.7.24 £ 11,000 28,707 91,784 131,491 31.7.24 £ 13,335 31.7.24 £ 11,000 13,335 At 31.7.25 £ 49,186 49,186 Movement in funds £ 7,598 7,598 |
|---|---|
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UK Theatre School SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.8.23 in funds £ £ Unrestricted funds General fund 33,813 7,775 TOTAL FUNDS 33,813 7,775 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 405,974 (398,199) TOTAL FUNDS 405,974 (398,199) |
At 31.7.24 £ 41,588 41,588 Movement in funds £ 7,775 7,775 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.8.23 in funds £ £ 33,813 15,373 33,813 15,373 |
At 31.7.25 £ 49,186 49,186 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 804,481 804,481 |
Resources expended £ (789,108) (789,108) |
Movement in funds £ 15,373 15,373 |
|---|---|---|---|
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UK Theatre School SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2025.
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UK Theatre School SCIO
Detailed Statement of Financial Activities for the Year Ended 31 July 2025
| INCOME AND ENDOWMENTS Donations and legacies Fees Total incoming resources EXPENDITURE Other trading activities Purchases Wages Pensions Travel and subsistence Charitable activities Hire of plant and machinery Rent Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Repairs and maintenance Computer software and maintena nce Subscriptions Support costs Finance Bank charges Bank loan interest Exceptional items Governance costs Accountancy fees Carried forward |
31.7.25 £ 398,507 398,507 24,495 161,007 1,079 812 187,393 3,128 145,744 4,718 27,465 19,472 987 6,055 3,399 50 4,049 18,500 1,148 234,715 703 2,994 (43,809) (40,112) 6,820 6,820 |
31.7.24 £ 405,974 405,974 15,436 165,766 3,139 1,601 185,942 6,273 77,284 4,805 38,574 19,950 1,777 6,067 16,217 7,011 5,999 3,087 5,339 192,383 680 1,939 - 2,619 16,575 16,575 |
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This page does not form part of the statutory financial statements
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UK Theatre School SCIO
Detailed Statement of Financial Activities for the Year Ended 31 July 2025
| Governance costs Brought forward Legal and professional fees Total resources expended Net income |
31.7.25 £ 6,820 2,093 8,913 390,909 7,598 |
31.7.24 £ 16,575 680 17,255 398,199 7,775 |
|---|---|---|
This page does not form part of the statutory financial statements
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