The Dream Machine SCIO
Annual Report June 1st 2024 - May 31st 2025
A Year of Unfortunate Circumstances
Board of Trustees:
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A Message From the Chair
This year has tested the resilience of our community like no other. The devastating fire at the Dream Machine CIC building displaced more than 70 artists, threatening not only their workspaces but also the creative heartbeat of Glasgow. In the face of this crisis, The Dream Machine SCIO stepped in with urgency and compassion, ensuring that our mission to support creativity and wellbeing remained steadfast.
Responding to the Fire
The defining event of this year was the fire at the Dream Machine CIC building, which left over 70 artists without studios and threatened to erase years of collective work. In response, The Dream Machine SCIO donated £12,000 (across two payments) directly to the CIC. This funding paid CIC staff to coordinate recovery efforts, enabling artists to safely retrieve their belongings, pack existing assets, and find new studios.
Our swift action was not only about financial support but about upholding our core value of community solidarity. By helping stabilise the situation, we ensured that artists—many of whom rely on Dream Machine for their livelihoods—could continue their practice despite the tragedy.
Volunteering Programme
Before the fire, The Dream Machine SCIO had proudly funded the CIC with £4,000 to launch a six-month volunteering programme. The initiative exceeded all expectations: more than 60 volunteers joined to create interactive AV experiences
and contribute to improving the physical venue. The impact was more than mere outputs as skills were built in creatives across Glasgow. This programme became a beacon of creativity and collaboration, showcasing the power of collective effort in shaping shared cultural spaces.
The Betty McAllister Award Round 2
We are thrilled to report that Round Two of the Betty McAllister Award was a resounding success. Over the course of the project, more than 2,000 people came through the doors of the Dream Machine to participate in events that nurtured relaxation, play, and creative expression. This outcome confirms the value of investing in grassroots cultural programming, amplifying voices, and fostering wellbeing across our community.
Financial Overview
Thanks to careful stewardship and the generosity of our supporters, we were able to mobilise resources swiftly in response to the fire while continuing to fund long-term initiatives. Our treasurer has overseen the responsible management of our funds, ensuring transparency and sustainability.
Looking Forward
As we move into the next year, our priority will be consolidation rather than expansion. The fire has reshaped our capacity and focus, and we recognise the need to pause, reflect, and strengthen our foundations before pursuing new large-scale projects.
While the scale of our work may temporarily shrink, our commitment to community, creativity, and wellbeing remains undiminished. This period of consolidation will give us the time and space to rebuild with intention, resilience, and renewed clarity of purpose.
Our Commitment
This year has underscored what it means to be a community: standing together in times of hardship and finding ways to rebuild stronger. From our emergency response to the fire to our continued investment in creativity and wellbeing, The Dream Machine SCIO remains dedicated to being a beacon of hope and inspiration.
Balance Sheet
Dream Machine Productions
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As at 31 May 25
| £ | £ | ||
|---|---|---|---|
| Capital Assets | |||
| Net Book Value | 0 | ||
| Current Assets | 3,031 | ||
| Bank Account: DREAM MACHINE SCIO | 3,031 | ||
| _less_Current Liabilities | 0 | ||
| Net Current Assets | £3,031 | ||
| Total Assets | £3,031 | ||
| Owner's Equity | |||
| Retained Profit | 3,031 | ||
| Total Owner's Equity | £3,031 |
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Profit & Loss
Dream Machine Productions
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Accounting Year 2024/25
| Debit | Credit | ||
|---|---|---|---|
| less Administration Expenses | 16,012 | ||
| Computer Software | 12 | ||
| Charitable Donations | 16,000 | ||
| Operating Profit | -£16,012 | ||
| less Drawings | £0 | ||
| less Profit & Loss journal entries | £0 | ||
| Retained Profit this period: | -£16,012 | ||
| Retained Profit brought forward: | £19,043 | ||
| Distributable Reserves / Retained Profit carried forward: | £3,031 |
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