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2024-06-30-accounts

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APPENDIX 2

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SC

SC
**Receipts and ** payments accounts
Period start date Period end date Period end date
For the period
from		 01
Day		 07
Month		 2023
Year		 to Day
30		 Month
06		 Year
2024
Section A Statement of receipts and payments
Unrestricted
funds		 Restricted funds Expendable
endowment
funds		 Permanent
endowment
funds		 Total funds
current period		 Total funds last
period		 Total funds last
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
Donations - - - -
Legacies - - - -
Grants - - - -
Receipts from fundraisingactivities - - - -
Gross tradingreceipts 12 12 12 12 12 12
Income from investments other than
land and buildings - - - -
Rents from land & buildings - - - -
Gross receipts from other charitable
activities - - - -
- - - -
A1 Sub total A1 Sub total 12 12 - - - - - - - - - - 12 12 12 12 - -
A2 Receipts from asset & investment A2 Receipts from asset & investment A2 Receipts from asset & investment
sales
Proceeds from sale of fixed assets
Proceeds from sale of investments
A2 Sub total -
-
-
Total receipts 12
-
-
~~—~~		 -
-		 -
-		 -
-		 -
-
-
12		 -
-
-
12		 -
-
-
12		 -
-
-
12		 -
-		 -
-
A3 Payments
Expenses for fundraising activities - - - -
Gross trading payments - - - -
Investment management costs - - - -
Payments relating directly to charitable
activities - - - -
Grants and donations
- - - -
Governance costs:
- - - -
Audit / independent examination - - - -
Preparation of annual accounts - - - -
Legal costs - - - -
Other Other Other
- - - -
- - - -
**A3 Sub total ** - - - - - - - - - - - - - - - - - -
A4 Payments relating to asset and
investment movements
Purchases of fixed assets
Purchase of investments
A4 Sub total -
-
-
Total payments -
-
-
~~————~~		 -
-		 -
-		 -
-		 -
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
-
-		 -
-		 -
-
Net receipts / (payments)
12
-
-
-
12
-
A5 Transfers to / (from) funds
-
Surplus / (deficit) for year
12
-
-
-
12
-
~~——————~~

APPENDIX 2

SC

Section B Statement of balances

Categories
Signed by one or two trustees
on behalf of all the trustees
B3 Other assets
B5 Contingent liabilities
B4 Liabilities
B1 Cash funds
B2 Investments		 Details Unrestricted
funds
to nearest £
549
12		 Restricted funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
Cash and bank balances at start of year 549
Surplus / (deficit) shown on receipts and
payments account		 12
-
-
Cash and bank balances at end of year
(Agree balances with receipts and payments
account(s))
Details		 561 - - - 561 -
0
-
sset belongs		 0
Market valuation
to nearest £		 -
Last year
to nearest £
Details Total
asset belongs
Fund to which li		 Total
Cost (if available)
to nearest £		 -
-
Current value (if
available)
to nearest £		 Last year
to nearest £
Details -
-
-
ability relates Amount due
to nearest £		 Last year
to nearest £
Details Fund to which li Total
ability relates		 - -
Amount due
(estimate)
to nearest £		 Last year
to nearest £
Signature Print Name Total -
-
Date of
approval
15March 2025

IC OSCR accounts breakdown 2023-2024.xlsx / Statement of balances

December 2007

1

APPENDIX 2

SC

Section C Notes to the Accounts

Section C Notes to the Accounts Accounts Accounts Accounts Accounts
C3a Trustee remuneration
C4a Trustee expenses
C1 Nature and purpose of
funds(may be stated on
analysis of funds worksheets)
C2 Grants
C3b Trustee remuneration -
details		 OUR ONLY INCOME IN THIS PERIOD WAS FROM INTEREST ON THE ACCOUNT. WE HAVE MADE THE
DECISION TO NOT ASK FOR A DONATION FROM EXHIBITORS TO ENSURE THE OPPORTUNITY
REMAINED OPEN TO ALL, WHATEVER THEIR PERSONAL CIRCUMSTANCES
Type of activity or project supported Individual /
institution		 Number of grants
made
£
Total -
If no remuneration was paid during the period to any charity trustee or person connected to
a trustee cross this box (otherwise complete section 3b)		 X
Authority under which paid £
If no expenses were paid to any charity trustee during the period then cross
(otherwise complete section 4b)		 this box
C4b Trustee expenses -
details		 Number of
trustees		 £
C6 Other information
C5 Transactions with trustees
and connected persons
Nature of relationship		 Nature of transaction Transaction
amount (£)
Balance
outstanding at
period end (£)
Number of £
trustees
C4b Trustee expenses -
details
Transaction Balance
amount (£) outstanding at
Nature of relationship Nature of transaction period end (£)
C5 Transactions with trustees
and connected persons
C6 Other information

IC OSCR accounts breakdown 2023-2024.xlsx / Notes

December 2007

1

APPENDIX 2

SC

Additional analysis (1)

Analysis of receipts and payments

1 Donations

1 Donations
Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total last
period
to nearest £
-
-
-
-
Total - - - - - -
- - - - - -

2 Grants

2 Grants
Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Total current
period
to nearest £		 Total last
period
to nearest £
-
-
-
-
Total
3 Gross receipts from other charitable activities		 - - - -
-
Unrestricted
funds
to nearest £		 -
Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 -
Total current
period
to nearest £		 -
Total last
period
to nearest £
-
-
-
-
-
-
-
-
Total - - - - - -
- - - - - -

4 Payments relating directly to charitable activities

Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total current
period
to nearest £		 Total last
period
to nearest £
-









-
-
-
-
-
-
-
-
-
-
Total - - - - - -
- - - - - -

IC OSCR accounts breakdown 2023-2024.xlsxAdditional notes (1)

December 2007

APPENDIX 2

SC

Additional analysis (2)

Receipts
5 Breakdown of unrestricted funds		 Unrestricted
fund 1 - enter
name of fund
below		 Unrestricted
fund 1 - enter
name of fund
below		 Unrestricted
fund 2 - enter
name of fund
below		 Unrestricted
fund 3 - enter
name of fund
below		 Unrestricted
fund 4 - enter
name of fund
below		 Total
unrestricted
funds		 Total
unrestricted
funds last
period
Donations -
Legacies -
Grants -
Receipts from fundraisingactivities -
Gross tradingreceipts -
Income from investments other than land and buildings -
Rents from land & buildings -
Gross receipts from other charitable activities -
Sub total
Receipts from asset & investment sales		 - - - - - -
cross ref error
Proceeds from sale of fixed assets -
Proceeds from sale of investments -
Sub total
Total receipts
Payments		 - - - - - -
- - - - - -
cross ref error
Expenses for fundraisingactivities -
Gross trading payments -
Investment management costs -
Payments relatingdirectlyto charitable activities -
Grants and donations -
Governance costs: -
Audit / independent examination -
Preparation of annual accounts -
Legal costs -
-
-
Sub total
Payments relating to asset and investment
movements		 - - - - - -
-
Purchases of fixed assets -
Purchase of investments -
Sub total
Total payments
Net receipts / (payments)
Transfers to / (from) funds
Surplus / (deficit) for year		 - - - - - -
-
- - - - - -
-
- - - - - -
-
- - - - - -
cross ref error
Nature and purpose of funds

IC OSCR accounts breakdown 2023-2024.xlsxAdditional notes (2)

December 2007

APPENDIX 2

SC

Additional analysis (3)

6 Breakdown of restricted funds

6 Breakdown of restricted funds
Receipts Restricted fund
1 - enter name of
fund below		 Restricted fund
2 - enter name of
fund below		 Restricted fund
3 - enter name of
fund below		 Restricted fund
4 - enter name of
fund below		 Total restricted
funds		 Total restricted
funds last
period
Donations -
Legacies -
Grants -
Receipts from fundraisingactivities -
Gross tradingreceipts -
Income from investments other than land and buildings -
Rents from land & buildings -
Gross receipts from other charitable activities -
Sub total
Receipts from asset & investment sales		 - - - - - -
-

Proceeds from sale of fixed assets		 -
Proceeds from sale of investments -
Sub total
Total receipts
Payments		 - - - - - -
- - - - - -
-
Expenses for fundraisingactivities -
Gross trading payments -
Investment management costs -
Payments relatingdirectlyto charitable activities -
Grants and donations -
Governance costs: -
Audit / independent examination -
Preparation of annual accounts -
Legal costs -
-
-
Sub total
Payments relating to asset and investment
movements		 - - - - - -
-
Purchases of fixed assets -
Purchase of investments -
Sub total
Total payments
Net receipts / (payments)
Transfers to / (from) funds
Surplus / (deficit) for year		 - - - - - -
-
- - - - - -
-
- - - - - -
-
- - - - - -
-
Nature and purpose of funds

IC OSCR accounts breakdown 2023-2024.xlsxAdditional notes (3)

December 2007

APPENDIX 1 oscr Period start dale Period end date From 01 07 To 2023 Office of the Scottish Charity Regulator Reference and administration details Charity name other names charity is known by Registered eharity number Charity's principal address The Image Cdlective SCIO SC049412 Management Suite Ocean Terminal Shopping Centre 98 Ocean Drive Edinburgh Postcode EH6 6JJ Names of the charrty trustees on date of approval of Trustees, Annual Report Trustee name Office (if any) Dates acted if not foi whole year (or body) entitled to Secretary Treasurer Chair Trustee 10 11 12 13 14 15 16 17 18 19 20

APPENDIX 1 Reference and administration details Narnes of all other charity trustees during the period. rf any. (for example. those who resigned part way through the financial period) Structure, governance and management Type of governing document Current cC￿stibjt￿nal fc￿ - Scottish Charitable Incorporated Organisation governed by a Constitution. It was registered in its current legal form on the 27th July. 2019. Tho charity has a single tier structure. Trustee recruitment and appointment We held our AGM on the 26th J￿uary, 2024 where all tsuslees were voted in as guided by our constitUtiC￿ following the incorporation date at our inaugural Board meeting. Anyone applying to beCC￿ne a trustee must shjn a written application for Charity Trusteeship to be considered by the board following the eligibilty rteria as specified in our cC￿strtUlC￿. We have a minimum of 3 TNstees and a maximum of 6. There were no applicants to become trustees. Objectives and activities

Charitable purposes 9Jrryt"NJ artsts lo extm.tst ther on promts.ng (￿e￿ity 1h5r￿1J. 12 Bru￿ wt rto aThl comrwrmty s[￿S cuttur8 1.3 exhMtK)n s[￿s by wrt and ftThling f Summary of the main activities in relation to these objects The Image Collective offers a selection of exhibtts.on spaces throughout Ocean Terminal, Fort ￿.nna1rd. Edinburgh and the Glasgow Fort in Glasgow. We offer unique spaces to any artist Icx)king to exhibit. We provide all spaces ts free allowing individuals lo exhibit with reduced costs and be seen in a busy and unique environment. Our exhibition spaces in Ocean Tenninal are directy OLrtside the Royal Yacht Brrtannia srtor centre bnnging tens of thousands of visrtors each year. Our other exhibtb-on spaces in shared units in large shopping complexes. We offer support to exhibit in regards the prackn"calits"es of pulling an exhibth.on together as well as promotv)n. We also offer formal mentorship in regards exhibtts.ng and growing an artists business and commercial Opp￿lUn[tie$. APPENDIX 1 Achievements and perfomiance

Summary of the main achievements of We have had the OFPO￿nty to provide exhibth'on space and support to 22 the charity during the financial period drfferent artists trthen July 2023 and June 2024. 19 of these artists were first time exhibitors. We were unable to organise the usual amount of exhibrtions due to commitments of the board who take on the role of managing and mentoring ￿tISts arKI makers. OF the 22 artists we prowded mentorship and guidance to all but offered formal mentcKship to 4 new exht)ilcKs by way of guidan￿ and support,in parbcular from Gordon Hughes. Gordon is a board member with extenswe knowledge of exhibition ￿jrat￿n. We had a suggested donation of £200 for our main exhibibon space in Ocean Terminal, however this year we have removed this suggestion ensLfiThJ all SPa￿S are completely free to Use. allowng anyone the Opp￿Lunty to show their work. The amount we have in the bank allows for this. Ail trustees ¢)ffer their lime for free and there are no stsffing costs. Wrthin this time pericd we exhibited a rnix of bcal artists. The main split was 12 artists exhIb￿ng in our Ocean terminal space, 8 in our Fort Kinnaird space and the remainder in Glasgow.. We have offered a mrx of exhibits frcffl phOtogra￿Y to painting and sculpture. We again offered events in collabcion the Lerlh Collective CIC where by their atists did a eollaborative exhIb￿On showing their work in our Edinburgh Fort loeation. We also offer spaee for free to Companies such as Leith Festival who held a promotional event We have leases for a units in Ocean Temiinal, Fort Kinnaird and Glasgow Fort. Each of these are free or affordable rent as sponsored by the shopping centres and no cost to the charity alk)wing our exhibf(ors the OPPOt1unty to sell their worf( in a Fxofessional retail environment. The Leith Collective as a Con¥nunity Interest Company manage the sales for us and cover all utility bills. We have not managed the arn￿nI of social media we would like in this time pericd. We are reviewtNJ our social media ouljets and loojing ast how we can prcnote artists in a more productive way. We are still in discussions to cDllaborate with the Lef(h Collective with them hosting us on their new. upccxning website. We have been delighted lo welcome all our exhibitors and rt has been a good mix of new local talent and local ccmmunty groups. We feel this has brought new experiences to our visitors both locally and inlemational visitors coming from the Royal yacht Britannia. We are still unable to keep an accurate rec4)rd of visilor numbers as the space remains open and unmanned. FUNDING REVIEW Our key fijnding had ncfftally been from d(￿ationS from artists to exhibit as well as from Ic¢al ccynpanies and charity tin donations frcln exhibition openings. We chose this year to not charge any exhibitors for space as we had fvnds available to allow this. This enabled more people to exhibrt as they did not need to wory ab￿t costs. Our income for this pericmy was interest on our bank account We do not have large fvnds and finished 202212023 wrth a balan￿ of £561.05 Financial review

Brief statement of the charitys policy on reserves We have no reserves pdicy Details of any deficit Donated facilities and services {rf any) None APPENDIX 1 other optional information

Declaration The tTUStees declare that they have approved the trustees. report above. Signed on behalf of the charity's trustees Signature(sl Full name{sl Position le.g. Chair) CHAIR SECRETARY Date 193r2025 151312025