2025-07-31-accounts - Braw Clan Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Company Registration Number : SC705001 (Scotland) Charity Registration Number : SC051863

Braw Clan Limited (A Company Limited by Guarantee)

Annual Report and Financial Statements for the year ended 31 July 2025

Braw Clan Limited

Contents of the Financial Statements for the period ended 31 July 2025

				Page
Reference and Administrative Information 2
Trustees Report				3 - 7
Independent Examiners Report				8
Statement of Financial Activities				9
Balance Sheet				10
Notes to the Financial Statements				11-16

Braw Clan Limited

Reference and Administrative Information

Directors (Trustees under charity law) Peter Thierfeldt (Chair - Appointed 09/10/2025) Professor Rhona Brown (Appointed 09/10/2025) M Dempster (Resigned 10/10/2025) Martin Travers Aileen Campbell (Resigned 10/10/2025) Evelyn Hunter Clare Macauley Company Secretary Clare Yuille Registered Address 33-35 High Street Biggar ML12 6DA Independent Examiner Karen Tod (ACMA AMCT) 25 Craigs Road Edinburgh EH12 8EJ Bankers The Co-operative Bank Business Direct PO Box 250 Skelmersdale WN8 6WT Company Registration Number SC705001 Charity Registration Number SC051863

Braw Clan Limited

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025

The Trustees, who are also directors of the charity for the purposes of the company law, have pleasure in presenting their annual report together with the unaudited financial statements of Braw Clan Limited for the year ended 31 July 2025

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 (as amended by the Charities (Regulation and Administration) (Scotland) Act 2023), the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006 (as amended), the memorandum and Articles of Association and the Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102)) issued in 2019.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

Braw Clan is a Scots language theatre company making ambitious new plays for rural audiences in Clydesdale. We bring powerful stories and world-class performers to village halls.

Braw Clan has eight aims which we will work towards for the life of the company:

To preserve and promote the Scots language
To provide learning opportunities in the performing arts
To rapidly decarbonise our activity in line with Scotland’s net zero target
To be a viable, financially sustainable company and Fair Work employer
To support socially disadvantaged people and spark change in communities we serve
To manage our delivery activities efficiently and effectively
To address overrepresentation so the whole of society is represented at all levels of our organisation
To be a sought-after partner for organisations which share our vision, ambition and values

We also have change-making aims which set out specific areas of challenge and development

To nurture and develop the Scots language skills of theatre makers
To perform to a growing audience base
To build our reputation as theatre makers in Scotland and on the international stage

Public Benefit

Braw Clan is a public benefit company which advances the education of the public by creating high quality, innovative and accessible theatre that prioritises disadvantaged communities.

Braw Clan Limited

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025

ACHIEVEMENTS AND PERFORMANCE

This was the fourth financial year in which the company delivered funded activity.

So Long, Wee Moon

So Long, Wee Moon, produced by Braw Clan in September 2024, is an example of new Scots language theatre developed with care for artists and commitment to delivering value for rural audiences. The play was a second hugely successful production for the company, playing to packed village halls, earning glowing reviews from audiences and the national press and attracting outstanding feedback from theatre makers.

Much of this success can be attributed to Braw Clan’s inclusive approach and time spent building connections with communities. Nearly 600 people saw the show in Crawfordjohn, Biggar, Leadhills, Crawford, Wiston, Roberton and Symington. It received stellar notices in the press, with The Scotsman calling it "an intensely dramatic story handled with terrific panache." Critic Dominic Corr described the piece as "a firm reminder of Braw Clan’s reputation as a vital creative house in the representation of our language and theatre formed outside the major cities."

Feedback from audiences was outstanding, with 91% rating it as 5 stars. The script of So Long, Wee Moon was published by Bloomsbury to coincide with the tour. The SQA asked to be sent a copy of the play for consideration as a future set text for Higher Drama.

Around the same time, Braw Clan won Community Project Of The Year at the Scots Language Awards, receiving more public votes than every other category winner combined.

Soup And A Story

SSE Renewables granted us nearly £60,000 over three years for a package of activity. This fully funds three autumn play tours to village halls in Clydesdale and co-funds three seasons of Soup And A Story, our popular community programme, in Roberton and Symington, up to May 2028.

We delivered Soup And A Story sessions in Lanark, Biggar, Roberton, Skirling, Annan, Johnstonebridge, Eskdalemuir, Moffat and Sanquhar, offering older rural adults a hot meal in a warm hall, good company and a live performance of a Scots story by a professional actor.

Unlocking Scots

Our Unlocking Scots development programme, funded by the National Lottery’s Extended Programme Fund, continued. From a pool of 250 applicants, we invited 28 actors to attend two unique Scots Toolkit workshops at the Corn Exchange in Biggar. They received three days of training in performing in Scots and were paid for their time. Scots Toolkit is an example of Braw Clan’s commitment to emerging artists. Our rehearsed readings of A Christmas Sang, The Severed Lug and Drookit! all sold out and attracted outstanding feedback.

Braw Clan Limited

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025

ACHIEVEMENTS AND PERFORMANCE

Supporting emerging artists

We were invited to run mock auditions for the BA Acting and Musical Theatre courses at New College Lanarkshire, working with 70 students.

The Needle Room

We ran an audience pledge campaign for The Needle Room, our third full production, in January 2025. The results significantly exceeded the results of the previous year, bolstering our application to Creative Scotland.

Our application was successful and work began on The Needle Room in June 2025. The play will tour to Carnwath, Lanark, Leadhills, Coulter, Crawfordjohn, Symington and Biggar in September 2025.

Sound + Lighting Equipment

South Lanarkshire’s Community Led Local Development Fund granted us funds to buy our own lighting and audio equipment, reducing our carbon footprint and increasing the quality of experience for audiences.

SUMMARY

Braw Clan creates safe, nurturing, inclusive environments that empower everyone in the room to talk about Scots, as demonstrated by the popularity of our post-show discussions. We use gripping, life-affirming stories to ignite people's passion for the words, and to immerse them in the power of Scots-driven drama. In our experience, people often have a deep connection with the language but lack the confidence to use it in their work and daily lives.

2024-2025 was an exhilarating year which saw us deliver a range of activity and forge relationships with funders, artists, communities and audience members. Across all projects, Braw Clan performed to around 1500 people in this period. The Needle Room will help us tap into that connection once again, or spark it for the first time, to get people’s hearts, minds and imaginations racing.

Braw Clan Limited

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025

ACHIEVEMENTS AND PERFORMANCE

Summary (continued)

Plans for 2025-2026

Stage The Needle Room in Carnwath and Lanark, then tour the play to Leadhills, Crawfordjohn, Coulter, Symington and Biggar in September 2025
Develop and share After The Wilderness in January 2026
•- Deliver our Soup And A Story programme, offering a total of 80 seats in Symington and Roberton each month from October 2025 to May 2026
Apply for funding to stage a new play set in Carmichael in September 2026
Monitor, evaluate and make further progress as set out in our Sustainability Action Plan
Monitor, evaluate and make further progress as set out in our EDI Action Plan, including strengthening and diversifying our board

Braw Clan Limited

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025

FINANCIAL REVIEW

For the period to 31 July 2025, the charity had total income of £263,311 (£235,384 in previous year) and total expenditure of £227,386 (£62,290 in previous year). Therefore, the charity had a surplus of £35,924 (£173,094 in previous year).

£235,851 of our income came from Grants and Donations with the remainder coming from charitable activities (ticket sales of £6,209), other trading activities (sales of merchandise of £509) and other income (accrued theatre tax relief of £20,569). Income from Grants totalled £211,876 of which £160,692 was restricted and £51,184 was unrestricted in nature.

Reserves Policy

The Trustees aim to keep a level of unrestricted reserves that would allow it to continue to operate for 12 months, should income cease. As the charity has no employed members of staff, these costs have been calculated as being minimal (circa £5,000). During the financial year, this target was met.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity is a company limited by guarantee, not having share capital and is governed by memorandum and articles of association. The liability of members is £1. The company is accepted as a charitable body by HMRC (Reference ST05019).

Method of appointment or election of Trustees

Under the requirements of the memorandum and articles of association, the Trustees are responsible for the running of the charity. The Trustees are elected by members.

The annual report was approved by the Trustees of the charity on 19/03/2026 and signed on its behalf by:

Peter Thierfeldt Chair

Braw Clan Limited

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31 JULY 2025

I report on the accounts of Braw Clan Limited for the year ended 31 July 2025 which are set out on pages 9 to 16.

Respective responsibilities of the Trustees and Examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (as amended by the Charities (Regulation and Administration) (Scotland) Act 2023) and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Trustees consider that the audit requirement under Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 (as amended)
To state whether particular matters have come to my attention

Basis of Independent Examiners Report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes 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 the trustees concerning 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 Examiners Statement

In the course of my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in any material respect:
accounting records were not kept in accordance with s44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
the accounts prepared do not accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
the accounts were not prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their acounts in accordance with Financial Reporting Standard applicable in the UK (FRS 102)
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Karen Tod ACMA AMCT Signed Dated 25 Craigs Road Edinburgh 09/03/2026 EH12 8EJ

Braw Clan Limited

Statement of Financial Activities (Incorporating Income and Expenditure Account) For the Year Ended 31 July 2025

Restricted funds 2025 £ 177,299 0	Unrestricted funds 2025 £ 58,552 6,209 509 20,742	Total funds 2025 £ 235,851 6,209 509 20,742	Total funds 2024 £ 234,910 362 112 0
177,299	86,012	263,311	235,384
0 (197,441)	0 (29,945)	0 (227,386)	(105) (62,185)
(197,441)	(29,945)	(227,386)	(62,290)
-20,142 5,782	56,067 (5,782)	35,924 0	173,094 0
(14,360) 179,057	50,285 20,856	35,924 199,913	173,094 26,819
164,696	71,141	235,837	199,913

All income and expenditure derived from continuing activities

The statement of financial activities includes all gains and losses recognised during the year

The notes on pages 11 to 16 form an integral part of these financial statements

Braw Clan Limited

Balance Sheet As at 31 July 2025

			Restricted	Unrestricted	Total	Total
		Note	funds	funds	funds	funds
			2025	2025	2025	2024
			£	£	£	£
Fixed Assets
Tangible Assets		13	0	13,279	13,279	0
Current Assets	Current Assets
Debtors		14	84,282	20,605	104,887	104,522
Cash at Bank and In Hand			83,036	40,360	123,396	98,428
Total Current Assets			167,318	60,965	228,283	202,950
Curent Liabilities
Creditors falling due within one year	Creditors falling due within one year 15		(2,621)	(3,104)	(5,725)	(3,037)
Net Current Assets			164,696	57,862	222,558	199,913
Total Assets Less
Current Liabilities	Current Liabilities		164,696	71,141	235,837	199,913
Net Assets			164,696	71,141	235,837	199,913

Funds of the Charity:		17
Restricted Funds					164,696	179,057
Unrestricted Funds					71,141	20,856
Total Funds					235,837	199,913

For the financial year ended 31 July 2025, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relative to small companies.

Directors’ responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small charitable companies

Approved by the Trustees on 19/03/2026 and signed on their behalf by:- Peter Thierfeldt (Chair)

The notes on pages 11 to 16 form an integral part of these financial statements

Braw Clan Limited

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1 ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Braw Clan meets the definition of a public benefit entity under FRS 102.

Going Concern

The Trustees have a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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 retricted 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 of each fund is included in the notes to the financial statements.

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 costs related to the category. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Fixed Assets

Items of a capital nature, costing over £500, are fully capitalised as fixed assets at cost. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life on the following basis :

Asset

Computer Equipment Sound and Light Equipment

Method of Depreciation

Straight Line 33.33% per annum Reducing Balance 33% per annum

Braw Clan Limited

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1 ACCOUNTING POLICIES (continued)

Taxation

The charity is exempt from corporation tax on its charitable activities.

2 DONATIONS AND LEGACIES Note Donations Grants Received	2025 £ 23,975 211,876 235,851	2024 £ 10,572 224,338
		234,910

Income from donations and legacies was £235,851 of which £177,299 was considered restricted and £58,552 was considered unrestricted funds. £9,930 was in respect of in-kind donations and was considered restricted and related to services or facilities provided free or at a discount.

3 CHARITABLE ACTIVITIES Ticket Sales	2025 £ 6,209 6,209	2024 £ 362
		362

Income from charitable activities was £6,209, all of which was considered unrestricted funds.

4 OTHER TRADING ACTIVITIES Sales of merchandise	2025 £ 509 509	2024 £ 112
		112

Income from other trading activities was £509, all of which was considered unrestricted funds.

5 OTHER INCOME Theatre Tax Relief Bank Compensation HMRC - Interest	2025 £ 20,569 150 22 20,742	2024 £ 0 0
		0

Other income was £20,741, all of which was considered unrestricted funds.

6 RAISING FUNDS Purchase of merchandise	2025 £ 0 0	2024 £ 105
		105

Expenditure on other trading activities was £0.

Braw Clan Limited

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

7 EXPENDITURE ON CHARITABLE ACTIVITIES Note Cost of theatrical productions 8 Support Costs 9	2025 £ 211,581 15,806 227,387	2024 £ 55,170 7,016
		62,185

Expenditure on other trading activities was £227,387, of which £197,441 was considered restricted and £29,945 was considered unrestricted funds.

8 COST OF THEATRICAL PRODUCTIONS Advertising/Promotional Catering Creative Team Fees Depreciation of Intangible Fixed Assets Front of House Costs Marketing and PR Other Costs Other Production Costs Performers Fees Project Management Sound and Lighting Equipment Transport Costs Travel and Accommodation Venue Hire Video and Photography	2025 £ 0 4,709 84,320 6,546 1,516 3,527 7,491 12,337 34,539 21,450 4,620 1,052 10,100 15,822 3,550 211,581	2024 £ 170 2,160 20,266 0 175 1,200 2,134 1,066 11,005 8,340 0 339 2,297 267 5,750
		55,170

Expenditure on theatrical productions was £211,581, of which £188,905 was considered restricted and £22,675 was considered unrestricted funds.

9 SUPPORT COSTS Accountancy Costs Bank Charges Computer Costs Insurances Other Support Costs Governance Costs 10	2025 £ 8,425 88 2,676 1,035 1,149 2,434 15,806	2024 £ 2,075 33 2,174 595 145 1,994
		7,016

Expenditure on support costs was £15,806 of which £8,536 was considered restricted and £7,270 was considered unrestricted funds.

Braw Clan Limited

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

10 GOVERNANCE COSTS Note Preparation of Accounts Independent Examination of Accounts Other Governance Costs	2025 £ 1,200 1,200 34 2,434	2024 £ 900 1,000 94
		1,994

Expenditure on governance costs was £2,434, all of which was considered unrestricted.

11 STAFF COSTS AND NUMBERS

During the year, the charity had nil employees (2024 - nil)

12 TRUSTEES' REMUNERATION

During the financial year, one trustee was paid remuneration for services provided. This was, as follows: Martin Travers £34,795.

These payments were made in accordance with paragraph 8C of the Company's Articles of Association.

13 TANGIBLE FIXED ASSETS

Sound Equipment Light Equipment Computer Equipment Total 0 0 0 0 1,481 17,137 1,208 19,826	Sound Equipment Light Equipment Computer Equipment Total 0 0 0 0 1,481 17,137 1,208 19,826	Sound Equipment Light Equipment Computer Equipment Total 0 0 0 0 1,481 17,137 1,208 19,826
1,481 17,137 1,208 19,826
0 0 0 0 489 5,655 403 6,546
489 5,655 403 6,546
992 11,482 805 13,279
0 0 0 0
	2025 £ 20,569 84,261 56 104,887	2024 £ 13,726 90,292 504
		104,522

Braw Clan Limited

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

15 CREDITORS - Amounts falling due within one year Trade Creditors Accruals and Deferred Income	2025 £ 2,952 2,772	2024 £ 1,137 1,900
	5,725	3,037

16 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Cash at Bank and in Hand Current Assets Current Liabilities	Unrestricted Fund £ 40,360 20,605 (3,104)	Restricted Fund £ 83,036 84,282 (2,621)	2025 2024 Total Total Funds Funds £ £ 123,396 98,428 104,887 104,522 (5,725) (3,037)
	57,862	164,696	222,558 199,913

17 MOVEMENT IN FUNDS

At 01/08/24 £ 20,856 0 0 50,437 12,038 0 0 4,000 0 0 112,582	Income £ 86,012 19,762 6,569 16,522 0 29,937 575 0 3,217 95,971 4,745	Transfers Between Expenditure Funds At 31/07/25 £ £ £ (29,945) (5,782) 71,141 0 0 19,762 (5,542) 0 1,027 (72,690) 5,731 0 (11,745) (292) 0 0 292 30,229 (512) (63) 0 (4,016) 16 (0) (3,315) 98 0 (19,940) 0 76,032 (79,681) 0 37,646
179,057	177,299	(197,441) 5,782 164,696

199,913	263,311	(227,386) 0 235,837

RESERVES - RESTRICTED FUNDS

FUTURE ANNUAL PLAYS

In May 2025, SSE committed to providing funding for the production of our annual plays in 2026 and 2027.

MARY ANN DODDS' SUMMER HOLIDAY

Funded by the Rubric Foundation, this project continues into financial year 2025/26

Braw Clan Limited

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

17 MOVEMENT IN FUNDS (continued)

Reserves - Restricted Funds (continued)

SO LONG WEE MOON

Funded by Creative Scotland and SSE, this project concluded in 2024/25 with an overspend of £5,731 which was funded from our unrestricted reserves. Ticket sales from the production (£6,208), which were accounted for as unrestricted, more than covered the shortfall.

SAAS 3 (SOUP AND A STORY)

Funded by Foundation Scotland (£6,550), the Hugh Fraser Foundation (£5,000) and the Sir Iain Stewart Foundation (£500), this project concluded during the financial year with a small underspend (£292) which was transferred to the next stage of the project (SAAS 4).

SAAS 4 (SOUP AND A STORY)

Funded by SSE, who have committed to providing funding from 2025 to 2028, this project continues.

TEA AND A TALE (RESTRICTED)

Funded by a donation from Skirling Community Council, this project concluded during the financial year with a small underspend (£63) which, as permitted in our agreement with Skirling Community Council, was transferred to unrestricted funds.

TEA AND A TALE 2 (FORTH)

Funded by the William Syson Foundation, this project concluded during the financial year with a small overspend of £16 which was funded from unrestricted reserves.

TEA AND A TALE 3 (DUMFRIES)

Funded by Dumfries and Galloway Arts Festival, this project concluded during the financial year with a small overspend of £98 which was funded from unrestricted reserves.

UNLOCKING SCOTS

Funded by Creative Scotland, this project continues into financial year 2025/26.