REGISTERED CHARrrY NUMBER: SC049113
rt of Ihe Trustees and
Unaudited Financial StsleTh£nts for the Year Ended 31 March 2025
Cufture Histo
& Arts Assemb
Ar 11 & Isles
CHARTS
A Scottish Charitable Incor
rated Or
nisation

CHARTS
Contents of the Financial Statements
for the Year Ended 31 March 2025
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
5 to 6
Notes to the Financial Statements
7 to 14
Detailed Slatemenl of Financial Ath'vities
15

CHARTS
Re
ort of Ihe Trustees
for the Year Ended 31 March 2025
The Trustees are pleased lo present their annual financial report al(mgside a separate annual project
report for the year ending 31 March 2025, prepared to meet the requirements for a Truslees, report
and accounts for OSCR purFoses.
This report is supported by Ihe Annual Review 2024-2025 huh11gh￿.ng achievements and
partnership across the period: w h
s:IIMvw.chartsar
1landisles.or
Imedia183151charts-
annual-review-2025.
Chalrperson Report
l am happy to report that this, my first year as Chairofthe Board, was a year ofchange for CHARTS.
but also of signifi(xnl growth.
sto<xl down as Chairal the AGM in Seplembef, after leading the charity Sin￿ its int
in 2019 and her contributiL)n to founding the CHARTS model remains enorrTh)usly valued.
stcx)
wn in
ril hawng consKlerably strengthened our financial planning and control
systems, and
stood down representing Gaelic support. Councillor
was repla￿d as ex officio trustee by council10r￿￿Oll0Wlng a change in political conlro
at Argyll and Bute Council. and the Board cnntinues to le￿1ve linked officer support from the
council, through
Senior Economic Development offi￿r, TransfonnatM)nal Projects
and RegeneratDn.
ticjn
The last AGPA s?N the appoinlrnent of four new trustees".
All four of them, bringing complementary strengths to the Board. have hit
the ground running and are helping to develop our (￿ltUre of purposefvl but SUPForlive ￿adershIp.
Since its creatK)n, CHARTS has attracted inward inveslment of nearly £1.5m into the cultural
ecorK)my ofArgyll and Bute. This year, projects have been supForted by the Scottish Govemment.
Bord na Gaidhlig, Foras na Gaeilge, Greenspao Scotland, Museums Galleries Scotland, Highlands
and Islands EnÈrprise and the Art Fund. Academic relationships with t1￿ University of St Andrews
and the University of Glasgow have also been strengthened. Most notsbly, in December. CHARTS
was accepted by Creattve Scolland as a candidale for ils Multi- Year funding programme, expressly
acknowledging the strategic irrwortance of the organisation to Argyll and Bute.
Our w(xk is made possible by Ihe continued financial support of Argyll and Bute Council. whith
contributes to essentHI staff and delivery costs. Across recent years, we have strengthened
our parthership wrth the council through laking over the management of the Ar￿11 Colleclion.
notable group of arlworks (Including well-known Scottish and Ugandan artists) which forms a
key educatiiMal resour￿ lo schools throughout Argyll. Additionally. through our partnership with
liveArgyll that began in 2022, we have supported the care and developrrenl of the counal's sole
museum, bcated in Campbellown. Through this partnership we also look forward lo increasing
close working with Kilmartin Museum, supFrf)rting its responsibility to liVeAr￿lI foi the Campbeltown
Museum archaeology collectDn.
The role of CHARTS, to develop specialist stafl teams through securing extemal investment,
has been fundamental to all successes, including that attributed to the Argyll CollectK)n and
the counal having Campbeltown Museum upgraded in status lo a fuly accredited nationally
Recognised Collection. Our work wth members includes one-t04)ne and organisational
support and we ￿ntinUe to create new opportunities and work in the region.
Page 1

All this is m8de possible only through the determination and relentless hard work of our staff
and freelancers, brilliantly led by ￿r tireless Executive Director,
Under her
direction, we now have a fNe-year Business Plan which maps oul our aspiiaiK)ns and arnbitions for
the next pericKJ.
Seymour Adams
Chair of the Board
OBJECTIVES AND ACTivrriES
Objectlves and alms
The organisation's purposes are the advan￿ment of arts. heritage and culture within Argyll and Bute
through deVelo￿ng rJJltural and herilage practitioners and organisations by working cooperatively
and in partnership wilh olhers; developing and ub'lising effedive communicalK)n across geographic
and sectoral boundaries: cooperatively growing our audiences and customers by marketing
ourselves and others locally. nationally and internationally: developing and delivering partnership
projects that will excite, educate and entertain our communities and our visitors., and accessing and
sharing iesources and training in order lo bring culture and tr￿rItage to a wider audience.
FINANCIAL REVIEW
Going Concern
Measures were taken to improve the financial position of the tharty, whith had been impacted by
some projects exceeding original budget in the year and grants being paid later than expected.
Successful funding bids in particular from Argyll and Bute Council (£75,000) and the Creative
Scotland Development Fund, (£76,000) (25r261, have now assisted to improve prospects and the
charity continues to seek funding for ils programtnes of activrties and remains active in preparing
bids. Robust fjnancial procedures and pro￿sseS have been put in pla￿ and the slim workforce has
begun to be strengthened according to the new business plan {25128). to ensure it achieves best
value through achieving a high standat(l of efficien￿. effectiveness and e(x)nomy.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goveming document
CHAR Ts is a registered SCIO ISC049113). The charity is govemed by its goveming d0￿Ment, the
Articles of Associalion.
Decision making
The CHARTS Board meets quarterly and mre often rf required. Several sub-groups are in place to
support developrrEnt oflhe charty. These include a financi4 and risk management sub-cornmittee.
a heritage sub-O)mmittee. project working groups and a Steering Group supporting members at local
level. The Board is responsible for holding regular meetings, and general￿ controls the activilEs of
the organisatK>n: for exanwle. the board is responsible for monitoring and controlling the fjnancial
position of the organisat'on.
Induction and training of newtrustees
Trustees of the charity are appointed by maprity vote after being proposed by another member of
the Board. New board members go through an induction process where they are tntr(KJu￿d to the
slaff. talk Ihrough the corporate systems and Ihe role and responsibiliti'es of the board are made
clear.
Steerlng Group and member support
CHARTS is a membership organisation with over 600 members (individuals and organisations)
Member support included via a Steering Group 24125 and rrernbers at local level assisling with
research and project development in both arts and heritage fElds. The organisation's support
includes lo assist individual members and organisat'ons to secure lunding for their own inilialives,
building cultural czpacity across Argyll and Bute.
Page 2

CHARTS
Re
rt of the Trustees
for the Year Ended 31 March 2025
REFERENCEAND ADMINISTRATIVE DEfAILS
Reglstered Charlty number
SC049113
Reglstered offlce
120 George Street
Ground Floor
Oban
Argyll
PA34 5NT
Trustees
ecretary
Independent Examiner
Mackay & Co CA
120 George Slreet
Oban
Argyll
PA34 5NT
Approved by order of the board of Irustees on 19th SeptemtrRr 2025 and signed on rts behalf
by:
Page 3

Inde
endent Examinerfs R ort lo the Truslees of
CHARTS
Independent examlnerfs report to the trustees of CHARTS ('the Company)
I report on the accounts for the year ended 31 March 2025 set out on pages fwe to fourteen.
Respectlve responslbllttles of trustees and examlner
The charity's trUSt￿S are responsible for the preparats'on of the accounts in accordance with
the temis of the Charities and Trustee Investment (Scotland) Ad 2005 and the Charities
Accounts (Scotland) Regulations 2006 (as a￿￿nded). The tharity's trustees consider that the
audit requirement of Regulation 1011){a) to (c) of Accounts Regulations does not apply. It
is my responsibility lo examine the accounts as required under Section 44(1)(c) of the Act
and to slate whether parts'cular matters have come to my attention.
Basls of the Independent examlnef s reFQrt
My examination was carrEd out in accordan￿ with Regulation 11 of the Charities Accounts
(Scotland) Regulat'ons 2006. An examination Includes a review of the accounting records
kept by the charity and a companson of the accounts presented wrth those records. It also
Includes consKJer*'on of any unus￿1 rtems or disclosures in the accounts and seeking
explanats.ons from you as twstees u)nceming any such matters. The procedures undertaken
do not provide all the evK1ence thai would be required in an audrt, and I￿nseqUentty I do not
express an audit opinion on the view given by the aco)unts.
Independent exarnlnerfs statement
In connection Wilh my examinat￿n. no matter has ￿ffle to my atten￿n.
- whith gives tne reas)nabSe cause lo believe that, in any rnalerial respecl, the
requiretTEnts.'
- to keep accounting re￿rdS in acoJrdance with Section 44(1)(a) of the 2005 Act
and ReguEation 4 of the 2006 Accounts Regulalions; and
- to prepaTe accounts which accord wilh the accountirvJ records and to Gorrpty
with Regulalion 8 of the 2006 Accounts Regulat*?ns
have not been met. or
- to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the acc¥)unts to be reached.
Mackay & Co CA
120 George Street
Oban
Argyll
PA34 5NT
Date..
Iq
201£ .
Page 4

CHARTS
Slatement of Financial Activities
for the Year Ended 31 March 2025
31.3.25
Total
fvnds
31.3.24
Totsl
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and ￿gaCleS
5.711
5.711
Charltsble actlvftles
PrOMot￿n of Culture. Arts & Heritage
Total
EXPENDITURE ON
Charitable activities
Promotion of Culture. Arts & Heritage
273 033
424 016
NEf INCOMEIIEXPENDrruRE>
Transfers between funds
901
(95,843)
(94,942)
(57,626)
Net movement In funds
(27,998)
(66.944)
(94.942)
(57.626)
RECONCILIATION OF FUNDS
Total funds brought forward
78,896
78,896
136.522
TOTAL FUNDS CARRIED FORWARD
The notes fonn part of these financial statements
Page 5

CHARTS
Balan￿ Sheet
31 March 2025
31.3.25
Total
funds
31 .3.24
Total
funds
Unrestrthd Restricted
fijnds
nds
Notes
FIXED ASSErs
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank
7,884
53
7.884
1,018
7,937
11.952
19,889
83,222
CREDITORS
Amounts falling due within one year
(36.419)
{36,419)
(4,326)
NET CURREMt ASSEtSllLIABILITIES)
TOTALASSEtS LESS CURRENT
LIABILITIES
(27,998)
11,952
(16,046)
78,896
NET ASS￿8
FUNDS
Unrestricted fvr￿s
Restricted funds
11
(27,998)
TOTAL FUNDS
The financial statements were approved by the Board of Trustees and authori*d for issue on
Ih
.19 Septernber 2025 and were signed on rts behaff ty:
The noles fom part of these financial ststements
Page 6

CHARTS
Notes to the Financial Statements
for the Year Ended 31 March 2025
CHARrrY INFORMATION
The charity is registered as a SCIO (Scottish Charitable Incorporated Organisation) and as a
registered charity with Office of the Scottish Charity Regulator {OSCR}.
ACCOUNTING POLICIES
Basis of preparing the financlal ststements
The finanaal ststements have been prepared in accordance with the Charities SORP {FRS
102) 'Accounting and Reporting by Charities.. Slatemenl of Recommended Practice applicable
to charitEs preparing their accounts in accordan￿ with the Financial Reporting Standard
applicxble 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,. The financial statements have been prepared under the historical ￿st convents'on.
The charity is a Public Benefit Entity as defined by FRS102.
Income
All income is recognised in the Statement of Financial Activities On￿ the chartty has
entitlement to the funds, it is probable that the in￿rne will be received, and the amount can
be measured reliably.
Expendlture
Liabilities are reo)gnised as expenditure as s￿n as there is a legal or constructive obligation
committing the charity lo 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. Idvhere costs cannot be directly attributed to
particular headings, they have been allocated to activities on a basis ￿nSIstent with the use
of reSoUr￿s.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful lrfe.
Taxation
The charity is exempt from corporation tax on rts charitsble activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitsble objectives at the discrelion
of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charty. 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.
Page 7
continued...

CHARTS
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
INCOME FROM CHARITABLE ACTMTIES
31.3.25
31.3.24
Activlty
Promotion of Culture, Arts &
Heritage
Grants
Grants re￿ived, induded in the above. are as follows..
31.3.25
31.3.24
Argyll and Bute Council
Bord Na Gaidhlig
Creative Scotland
Glasgow School of Art
Live Argyll
Greenspace S(x>tsnd
National Heritage Lottery FuThJ
Scottish Govemment
TSI
Art Fund
Foras Na Gaeilge
The Gannochy Trust
William Syson
The Lennox Hannay Trust
National Art Collection
Engage
Hands up for Traj
Kilpatrick Fraser
PF Charitable Trust
Visrt Scotland
109,896
24.757
79,750
7,350
26,964
2.500
19,949
95,000
37,655
35,000
1,578
42,894
7,000
10,000
1,250
2,000
10,000
4.190
4.375
8,153
4,100
493
1,316
2,000
6(X)
NEf INCOMEI(EXPENDrruRE)
Nel incomel(expenditure) is stated after chargingl(crediting):
31.3.25
31.3.24
Depreciation - owned assets
Page 8
continued...

CHARTS
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
TRUSTEES. REMUNERATION AND 8ENEFrrs
There were no trustees, remuneration or other beneffts for the year ended 31 March 2025 nor
for the year ended 31 March 2024.
Trustees. expenses
31.3.25
31.3.24
Trustees, expenses
COMPARATIVES FOR THE sTATEmE￿r OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
fijnds
INCOME AND ENDOWMENTS FROM
Charitable activities
Promots'on of Culture, Arts & Heritage
363 140
366 390
EXPENDITURE ON
Charitable activities
Promotion of Culture, Arts & HerFtage
424 016
424 016
NET INCOMEI{EXPENDrruRE)
Transfers between funds
3.250
(60,876)
(57,626)
Net movement in funds
(57,626)
(57,626)
RECONCILIATION OF FUNDS
Totsl funds brought forward
136.522
136,522
TOTAL FUNDS CARRIED
FORWARD
TANGIBLE FIXED ASSErs
Computer
equipment
COST
Addilions
792
DEPRECIATION
Charge for year
308
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
Page 9
continued...

CHARTS
Notes to the FinancAal Statements- continued
for the Year Ended 31 March 2025
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.3.25
31.3.24
Trade debtors
Other debtors
Prepayments and accrued incoff
7,028
1.018
856
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Bank loans and overdrafts (see note 10)
Trade creditors
Accrued expenses
11,731
19,963
876
10. LOANS
An analysis of the maturity of loans is given bekm:
31.3.25
31.3.24
Amounts falling due within one year on demand:
Bank overdrafts
Page 10
continued...

CHARTS
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
bebNeen
funds
At
31.3.25
At 1.4.24
Unrestrlcted funds
General fund
ABC - Operations
659
242
(21,250)
(20,591)
901
{28,899)
{27,998)
Restrlcted funds
A&B Council - VACMA Project
Bord Na Gaidhlig - Colmcille Prize
2.000
(571)
2.000
571
Creative Scotland - Evolve
Bord Na Gaidhlig - Gaelic
Development
Live Argyll - Museums
ABC - Operations - Restricted
(12,500}
12,500
10,382
(7,790)
(2.768)
(1,246)
3,040
9.136
4,750
2,768
Heritage Lottery
Art Fund
FnG - Gaelic Development
Greenspace Scotland
Kilpatrick Fraser
(5,846)
26,690
3.053
54,604
4,190
(33,915)
(3,053)
{54,604)
816
1,656
7,225
816
TOTAL FUNDS
Page 11
continued...

CHARTS
Notes to the Finanaal StaterrEnts- continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - contlnued
Net moverrent in funds. induded in the above are as follows:
Incoming
reSoUr￿S
ReSoUr￿S Movement
expended
in funds
Unrestricted funds
General fund
ABC - Operab'ons
2,500
(1,841)
569
242
83,211
(82,310)
901
Restrlcted funds
A&B Council - VACMA Propcl
Bord Na Gaidhlig - Colmcille Prize
9,000
21,607
(7.000)
(22.178)
2,000
(571)
Glasgow School of Art - Innovation
School
Creative Scolland - Evolve
Bord Na GaKlhlig- Gaelic
Development
Live Argyll - Museums
Argyll & Isles Tourism C(
(2,000)
(12.500)
(12,500)
3,150
21,594
6(X)
{4,396)
(18,554)
(600)
{1,246)
3,040
Heritsge Lottery
Art Fund
FnG - G*lic Devek)pment
Greenspace Scolland
Collection Valuabon
Engage
Hands up for Trad
Kilpatrick Fraser
4,190
8.153
4,375
10,OCKI
4,302
4,100
493
4,190
(33,915)
(3,053)
(54,604)
(42,068)
(7,428)
(64,604)
(4,302)
(4,100)
(493)
500
816
190 723
TOTAL FUNDS
Page 12
continued...

CHARTS
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
belween
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
3.250
(3,250)
Restricted funds
Bord Na Gaidhlig - Colmcille Pri
Bord Na Gaidhlig- Gaelic
Development
Live Argyll - Museums
ABC - Operations- Restricted
Creative Scotland - Coastal Cufture
Islands Open Fund
Creative Scolland - Growing Global
Networks
Heritage Lottery
Scottish Govemment
Art Fund
FnG - Gaelic Devekjp￿￿nI
Rerr£mbering Together
Gannochy Trust
Greenspace S(x>Uand
6.650
(6.079)
571
26.448
2.909
(709)
{16,066)
(9,140)
(27,006)
10,382
(7,790)
(2,768)
(1,559)
24,947
49,172
(48,555)
{617)
20,093
17,126
14,833
(20,093)
(28,824)
(15.450)
29,690
4.803
95,000
9,440
5,852
617
(3,000)
(1 ,750)
{5,846)
26,690
3.053
95,000
(9,440)
TOTAL FUNDS
Page 13
continued...

CHARTS
Notes to the Financial State￿ents- continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - contlnued
Comparative net movement in fvnds. included in the above are as follows:
Incoming Resources Movement
reSoUr￿S
expended
in funds
Unrestrfcted fvnds
General fund
3,250
3,250
Restrlcted funds
A&B Council - VACMA Project
Bord Na Gaidhlig - Colmcille Prize
Bord Na Gaidhlig - Gaelic
Development
Live Argyll - Museums
ABC - Operations - Restricted
Creative Scotland - Coastal Culture
Islands Open Fund
Creative Scotland - Growing Gbbal
Networks
Heritage Lottery
Scottish Govemment
TSI CU30 Development
Art Fund
FnG - Gaelic Devek)pment
Remembering Together
Gannochy Trust
Greenspace S(x)tland
4,750
2.100
(4,750)
(8,179}
(6,079)
5.250
19,949
75,000
(21.316}
(29,089)
(102,006)
(16,066)
(9,140)
(27,006)
18.857
(67,412)
(48,555)
8,107
37.655
35,000
1 ,578
42,894
7,000
95,000
10,000
(28.200)
(66,479)
(50,450)
(1,578)
(13.204)
(2,197)
(20,093)
(28,824)
(15,450)
29,690
4,803
95,000
9,440
(560)
424 016
TOTAL FUNDS
The purposes of the fvnds are described in the Trustees. Report.
12. RELATED PARTY DISCLOSURES
There were no relaled paty transactions for the year ended 31 March 2025.
Page 14

CHARTS
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25
31.3.24
INCOME AND ENDOWMENTS
Donatlons and legacles
Donations
5.711
Charitable activltles
Grants
172 380
366 390
Totsl Incomlng resources
178,091
366,390
EXPENDITURE
Charltsble actlvftles
Trustees, expenses
Wages
Advertising
Programme fees
Freelance professional fees
Admin & overheads
Travel & meeting costs
573
115,847
155
121,831
13,488
7,195
130
153.383
4,534
210,489
35,931
11,766
269,800
422,684
Support ¢o$ts
F5nance
Bank charges
30
Governance costs
Accountancy and legal fees
Total reSoUr￿S expended
273 033
424 016
Net expendlture
This page does not form part of the statutory financial statements
Page 15