Enter SC No. below APPENDIX 2 Enter charity name below **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 9Jrry*t"NJ artsts lo extm.tst ther on promts.ng (￿e￿ity 1h5r￿1J. 12 Bru￿ wt rto aThl comrwrmty s[￿S cuttur8 1.3 exh*MtK)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 collabc**ion 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 prc*note 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 cc*mmunty 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