Alloway Railway Tunnel ART SCIO (Scottish Charity Number SC052139} Trustees. Annual Report and Accounts For the year ended 31 October 2024 OSCR ottNI iJaiitr/ Re8114'.I'r wMv.Oscr￿r%￿k Regl$teréd SCIO SCO52139 Alloway Railway Tunnel ART SCIO Trustee5' Annual Report and Accounts Forthe year ended 31 October 2024 Contents Page Tw$￿e$, Annual Report Independent EXaMine￿S Report Statement of Receipts and Payments ststement ot Balances Notes to the Accounts io Alloway Railway Tunnel ART SCIO Trustees. Annual Report and Accounts For the year ended 31 October 2024 Trustee5' Annual Report The Trustees a¥e pleased to present th•rannual report together with the attounts for the year ended 31 October 2024. Rèferencè and adminlstratlon detslls Charlty nanxb Alluway Rajlway Tunnel ARTSCIO eglstered charty numbpr SC052139 ChJrity Trustees on date of apprtsv¢il of Trustee5 Annual Report Alloway Rallway Tunnel ART SCIO Trustees, Annual Report and Accounts For the year ended 31 O¢tober 2024 Trustees. Annual Report stru¢lU￿ Governance and Managemont The Board of Trustccs are pred0minant￿Ayrsh1re resideThts with a shared ifttere5t in creating a stunTring art installation n the disused Alloway Tailway tunnel which is an actlve and well-u5ed pathway. The Trustees have a diverse ronge of qualifirations, experience and expertise to manage the charity and deliver on the charity's objective5. The Board of Trustee5 was stiengthenEd durlng the yearwth the addikn'on of fiew TrL￿ee$ who brln8 (ompSementary skllls to thetearn. The Board of Tru51ee5 Is the 8overnln8 and rnana8ement bth responslble for the control and management of all the charltls att￿￿1￿5. The Board meets monthly. The Board has a strong understand5￿ of the key rlsks the chaTity and the undeTlyinB projRrt and h25 developed a Risk Managernent Framework which details the risk culture, risk appetlte arKI rlsk management and miiigation pro￿5$ within the or8anlsatlon. The wrtrd of donated funds and expenditure is a key consideration for the Trustees, and thls is tlghtly monltored with all expendlture belng authorlsed by two appoinied persmnel. A finance report 15 p￿Ided at every Trustee Board meetln& to provkle furthercontrol and ￿e[SIghL Constitution The tharlty 15 a Sln8le-Tler Scott15h char￿ble Incorporated Or8anls3tlon (a SCiOI and was rewstèred on 21 November 2022. The charity's purposes and administratlon 8rran8ements are set tyJt in It's ConstitutM)n. The ¢haritVs Trustees ¥re responsible ft)r detlslon maklnL management 8nd ajministration of the tharity, Trust*• r4¢Nltm•nt and appolntm¢rt Our Con5tltution allow5 U5 to have up to twelve Trustees and there are currently eleven Trustees on thè Board. New Trustees are appolnted based on the s*llis they wlll add to the mana8ernenl of the charr(y and wlll be rnade follovlng an Introducllon and re¢()mmend4tion from an existingTrustee followed by a meetin8With the a)air of the charity. TrustEe5 afe formally elected at the Chwity's general There rnu5t be a rnlnlmum of three and a maxlmum of twefve Trustees. l)bfvctl¥es and PLtl¥ltle5 Our Trllission Is io,.."Facllitate the celebration and Ion8evity of Ayrshi￿,$ rKth 59rial, cujturdl, econornlr and I￿￿$trIal her[ta￿, centred the Alloway Railway Tunnel. through the cfeatlon of a purposthl, comfflunlty-led artlstlc composrtlon., The tunnel 55 15D rnetres lon8 and It was prevlously dose to the Alloway statlon on the Maidens to Dunure Ilght raiw. The asplration for the charity ts to cr&ite a mural to ium was a threaten1￿ ￿m, Ewesore and a blight on a Lw5y route used by pdèstrians. cydsts and horsè-riders into an attractive destination venue. The projett Is transforming the tunnel into a specwular great hall, on enga81￿ informative and fun Space cdebratlnB Allowayand AYrSh￿e history and culture. Alloway Railway Tunnel ART SCIO Trustees, Annual Report and Accounts For the year ended 31 October 2024 Trnstees, Annual Report C￿arftab￿ purp¢*s To summarise the charitvs Con5titutioll. the main objectives are: the advanttment of educatlon, communlty development, the arts and culture and the enhancernent of reryeatlonal fadlllles. To further these oblectlves, throuBh the creatlon and ongolng rna1ntenan￿ of artworks, the ¢harlty VAII sUPPUrt regional education, whether in xhools, ¢011*8e5, or other community 8roups through hdding P￿￿1¢81 art or interpretalion dasses ith a focu5 on Ayrshlre'5 Tich cutture and heritage. The akn Is to rKomote the health and We1H>e5￿ of the ￿￿PIe of Ayr5hlwe and v151tors thr￿gh the joyful crea￿on and evenwal use of a trlght, welcomln& arkl feel-good artwoik on an established 8ctfv&travel route. Achlevernent$ Durin8 the perlod under review. our charlWssecond year of rn¢orpc*ation. we have seen continued progress in ¥neeting our objectfves. We S￿ pleased to share ovr hi8hlights from the year. allway Through the Tunnel Mural PalTrtlng: The ambltious rnural prO￿t thln the Ajloway Rallway Tunnel has reached a 5i8DificJnt mi￿stone, wlth the attainment of r¢a¢hing the holfway point of the artwork installatlon. Thts represernts, not onty the ojlrnination of countle55 of artlstlc effort led by our Lead Muralist, but also the sucttssful ¢oordination of our community artists and volunteews The rnural'5 pro8re55 has been met with WIdesp￿d acclalm, enhandn8 the tunnd's trarthrrnatlon Into aTrAbrant communlty landmark. Fundralslng Success: The Trustees are pleased to report signiftcant pro8iess In our fundraising effort5, achieving Sufficient donaticffl5 and sllPPOrt to reach well btyond the halfway point of the proJecL Thls fvndln8 Is essentlal for completlrvA the mural and sUPPOrtI￿a the assoc5ated cornmunlty artlvhle& The success ts a tasiamenr to the gen￿o￿ty of don￿5 and the effectiveness of our fundratslng strategy. Communlty EnKa£ement.. The proie¢t has excelled in Community inYc4vement, with over two thousand participants er￿agIng in worksltops and events. These 5es51on5 have fc6tered creatlvity, InduslDlI. and a sense of o¥mershlp amon8 local re51derts, schoots and community 8roups. This high ￿Ve1 of pwtldparion underscoies the profrcvs Impact on MftglbE peO￿e togèthèr ihroiJ8h large-seale p4jbI￿ art. The Trustees particularty proud of the quality of inflymation film5 which support the leaminB expeiiente ofvi5itors to the rnuial. To late e8hteen films have been prcduced by Invofvlng over five hundred school pupils and l¢xal peoKI StreTr8thened Board Of TrustÉes: The Board of Trust￿ has been significw strenthed, with the addition of members who bring dt¥erst expertise and perspectives. Thls ernhan￿mefit en%1￿ robust g¢)vernan¢e and strategic dlrectlon. posltlonkng the OWdnisation for sustsined 5ucce5& EX￿PIlonaI M•rketln8 Our rnarketlnB efforts have a¢hleved outsiandln8 results. wlth wldespread co¥era8e on TV. rndlo, sodal medla, Jnd the prew TheK efforts have amplified awarene55 of the proiett. attroded more 5UPPQrtU5 and highlighted Alloway Railway Tunnel ART a5 a rnodel for commLmlty-drfven art Inltlatlves. The extenslve media attenti£￿ has furt￿( solidified the project's reputstson and reach. Alloway Railway Tunnel ART SCIO Trustees, Annual Report and Accounts For the year ended 31 Ortober 2024 Trustees, Annual Repor< Athlevèmènts tontlnued strate8k Partnefship: The Trustees are pleased to announ￿ that a new stratrÉi¢ partnetship btheen Alloway Rallway Tunnel AAT. Ayrthlre Roads Alllance, and Paths for All has been created whlch has been plvotal In wurSn8 funding to lay a substantially up8raded pathway Ihrou8h the enti￿ length of the tunnel. This collaboration not only ensures the preservatlon and ac￿sSIbIlIty of this iconlc landmark but also ueates an enhanced ￿sItor experience by translorminB the tunnel into a vibrant. walkable space. By connertlng comrnunltieg and enrichin8 Cultu￿1 heritage. this initiative promises to b005t the number of people from the local communtty using the tunnel, increase local toufism. foster educaiitinal opportunitie5, and provKle a safe, immerslve environment for eWorin8 Ayrshire's rid) hlstory. Tc8ether. thls partnershlp VAII pavethe way for a brl8hter, acce551ble exPerIen￿ for people visltln8 the tunnel to view ihe wondLYtul artworlL In conclusion, these key achSevements refiect the hard work and dedi¢atK)n of e4eryone involved in Alloway Rai￿aY T￿ne1 ART. We are well on tra¢ktt> dellver a tran5formatfve prolert thatwlll l&ive a13stlrw legacyfor the communlty. nancial rwia¥ Th8 d￿￿1￿$ ffinancial rgsults for the year are detailed In the Statsment of Recelpts and Payments on pw 8. ThÈ th•rity rals•d total ￿ndS of £89,556 In the year and madè payments totalling £84,113 resulting in a surplus for the yearof É5.443. The total estimated cost of the project Is £2(K),LN)O and we e5tirnate we will need to ra￿ a lurther £25.OCQ In 2025 to Complete the entire projecL Thereafter we will need to raise around £IOJJOQ per annum io keep the mural lookin8 bright, fresh and vibrant. Bank balances at the year end totalled £53,238. Our maln source of Income was frarn grants and tharItab￿ dona￿(￿5 includlr% thosefrom ￿ pu￿1¢ ttmugh wÈbsStÈ and othersocial Media ouuets. Fund5 are ra15ed thr[￿¥h a pro-actfve apwoach to organtsatlons wlh) we feel would be supportNe of our charity and its purpose. Further Infomiatlon on the source of donation51s prO￿lIe(l on page5 6 and 7 of the accounts. A hlBh proportlon of donations from the pubfit wÈ¥È enhan¢ed bywft èid. The majority of expendilure dyrifi8 theyear ha5 either been direclty related to the CharftJb￿ actfvltles ￿f￿nd￿l51￿s. Paymènts totallir)g £77.562 weie made directly in relatK•n to tharitable activiries aThl comwised mainly ¢osts relating to the paymEnl of our Lead Artist and Projert Manager, materlals and eqvlpment hlre. Payments totalling£5,571 were made relating to fundraisin8 Costs. Governance costs totslled £980 durin8 the year. Our policy contlnues to be to keep runnin8 ¢05ts 45 low #s p￿l￿e, 3llowih8 US to dirett all other fvnds rai8ed towards tl¢ a¢rual cost of installing the artwork Administration costs durfn8 the year were appr0xirn0te￿ 1% of fvnd5 raised, maintsined t a low ￿Ve1 due to the provision of services antl incidentals on a voluntary and donated basis. Alloway Railway Tunnel ART SCIO Trustees, Annual RÈport and Accounts For the year ended 31 October 2024 Trustee5' Annual Report Reserves pofKy The Trustees. policy is to always retain a mlnlmum bank balanee of £S,(Kkl to meet commitments ¢¢v¢r aThy une¥pected expenditure. All expenditure awJ¢iated wlth the artwork Inxallation Is rah5ed In ad¥ance of the work beln8 undertaken. l>onated fadlltles and seThlce5 In addTrtioh to receivin8 cash donations and grants. a$ detailed on pa8e 10 and 11 of the Reptht and Accounts. we wefe al$0 very grateful to recel¥e further 35slstance from our supporters through ihe prov151on of equlpment hlre, palnt and other materials essentlal to ihe prolert, diher free or at hea¥lly rfis¢ounted pri¢e5. These generous donatlons contlnue to have a hlgh value and helped prese￿8 cash resourre5. Con¢lus&)n As we reflect on our second year as a charlty, we are grateful for the tremendous support we have reeelved from OUT comrnurity. volunteers. dontrs and partners. We are continually encoura8ed by this ￿thUSIastiC support and that provided by representatNes from South Ayrshlre Councll. The Nat￿￿31 Trust for Scot13nd, Ayrshlre College, South Ayrshlre Th￿VIng ComrnLJnities Team. Crlminal Justice Team. local Councillors and our MSP. We are dell8hted LO have reached the half-wav point of In5tallln8 our mural artwork and wlsh to thank our Lead Artlst and Projett Manager, for his creative excellence whth Boes ? lon8 way in teifmg the story of Ayrshire's rich history and culture. We ale confident the mural. when completèd, ¥hll be a positiye and lastln8 legacy for the communitie5 we airn to serve. Lookln8 ahead. we are exdted about seeing the mural compleied dvring 2025. The ¥￿itor experien￿ will be enhanced through the ltying of a resirFbound comblnatlon of gravel and tsrrnac pathway throughout the entire length of the tunnel. W¢ are very gratefvl lo be workin8 with Ayrshire R¢ads Allia￿, and Paths for Al on transformational element ¢Jf the projecL S18tK￿ on behalf of the Truaees by.. Independent Examiner's Report to the Trustees of Alloway Rallway Tunnel ART SCIO I report on theaccounts of the charlty forthe year ended 31 October 2024 whlch are set cut on pages 8 to 13. Respetthe respon*biMi*s 01trust￿ and eNarniner The charltV'5 trustees are responslble for the preparatlon of thp acrounts In 3ccordan￿ vAth the terms of the charl￿eS and Trustee Investment IS&)tlandl Act 2C¥J5 arKI the Charities A¢¢ounts l5¢oilartdl Regulations 2￿6 las amcndedl. Thc charity trustees eonslder that the aud￿ requlrement of Regulatlon iO(illdl of the Account5 Regulatlons d￿$ not apply. It is my responsibility to examine the accounts as requi￿ under Section 4411ll¢l of the Art and to State whether particular matte have come to my attentlon. 84515 of ￿￿ePendent e￿mIner'S Statement My examination Is carrled out In accordance wtth Ilegulatlons 11 of the Chorrtles A￿￿nIS IScotLandl Regulatlons 2006 las amended). An exarnlnatlon Includes a revlew of the attountlng records kept by the tharity and a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disdosures in the attounts. and 5eek8 explanattons from the trustee5 concernlrg any such matters. The prO￿dureS undertaken do not prthilde all the pvlderte that d be fequifed in an audit and. ¢onsequÈnity. i ¢Jo not express aryl audit opiTh1(￿ on the vlewgi¥en by the accounts. Independontexaminer's statement In thecourse of myexamination of the a¢counts for theyear ended 31 October2024. no matterhas ¢orne to myattention which Bive5 me reasonable cayse to bdleve that In any materfal respect the iequlfements: • to keep accounting re¢oriJs in a¢¢ordan¢e with Section 44llllal of the 2CQ5 Aci and Regulation 4 of the 2006 Accounts Regulations las amendedl. and • io prepare accounis which accord with the accountiryg record5 and cornpty wlth R￿￿￿On 9 of the 20[￿ Accounts Regu13tion5 la5 arnendedl have not been met, or to whkh. In my O￿nIon. attentlon should be dra￿ in ordeT to enable a proper understsndinE of the accounls to be reathed. Member ol the Institute of Chartered Accountants of Scotland Galbralth prftthards CA 20 Barns Street Ayr Ayrshlre KA7 IXA Date: Alloway Railway Tunnel ART SCIO TTU5tees' Annual Repart and Accounts For the year ended 31 Octsber 2024 ststement of Recelpts and Payments Porlod ended 31 Ortob 2023 Year ended 31 October 2024 tknrestrlcted Regtrlcted funds fvnds Total funds Totsl funds R¢¢tlpts Donations Grants Receiptsfrom fundrallng aCtI￿tIeS Gross recelpts frtrm other charitable ￿tivItIeS Totsl receTrpts 16,840 27.453 I6￿40 72,322 10,965 44A69 5.140 258 64.363 394 44.687 394 89.556 Payments Expenses forfvndraisin8 artl¥lties Payments rèlating directly to tharitable actiwties Donation5 Goveman£e costs Total payment5 5,571 48.752 5571 77.562 1,868 13550 1.150 io li 28.810 Net recelpts i (pa￿￿ents) 110,6161 16.059 47,795 Translérs to I lfroml I￿￿1% Iz,ocoi rplusl Idellclt) loryear 14,OYJ 47.795 Thè comparatlve fiBuresar? the perlod 21 N(wember 2022 (date of reg￿traI10n) to 31 October 2023. Alloway Railway Tunnel ART SCIO Tru5tees' Annual Report and Accounts For the year ended 31 Ortober 2024 staternent of 8alanee$ 310rt(thr A5 at 81 Ociober 2024 Unre5trlcted Re5trlcted fvnd5 funds t40te Total fvnds Total funds Cash funds Cash and bank balances at the start of theyear rplu5 1{dèfidtl shown on re£eipts and payments attount Cash and bank balances at end of year 47,795 18.6161 47,795 5,4143 14,059 47.795 Other assets Debtors HMRC Gft ald ￿ClaiMable 4,0fy) Llabllitles Credrtors A￿ru31$ 240 240 4,710 4.950 405 2.140 2.810 2L355 The Trustp&%' Annual Rc ort and Accounts were approved by the Trustee$ on 19 Marth 2025 and are signed on their behalf Alloway Railway Tunnel ART SCIO Trustees, Annual Report and Attounts For the yeaT ended 31 Ortober 2024 Notes to the Accounts Basls of accountln8 These a¢¢ourts have been p￿ pared on the Rewpts and PaYM￿ts b￿1$ In accordan¢e wrth the Charities & Trustees Investrnent (Scotlandl Act 2c￿5 and the Charltles Accounts Iscotlandl RegulatioThs 20(6. Mature and purpose ol funds Unrestricted funds are those that may be used at di$￿et10n 91 the Trustee5 in further•nce of the objects of the charity. The Trustees maintsin a Sin8￿ unrestricLed fund. Restricted funds rnay On￿ be usecl for specific purwse& Restitctions artse when spe¢lfied by the donof or fundw or when funds are ralsed for a speclflc purpose. Detalb of the nature and purpose of each reStriC￿d fund are 8Nen In note 13 to these accounts. TNstee reTrwneratlon No remuneralion was paid to the Trustees of the charity for their services. TNst•o exp￿8•% Total Trustee expenses. for mlleage, of £537were pald by the charlty dwingtheyear to one Trustee. Trnnsartlons wlth Trusteesand connected perso other than the payment of expenses. there have been no transacbons durirng the year between the charity and any tharlty Trustee w peT50n connttted to a thartty Trustee. PerSod ended 31 Ortober 2023 Ywr ended 31 Ixtober 2024 Unrestr*ted Restrkied funds r41$ Totsi funds Tot•1 funds Donation The Hu8h Fraser Foundatlon McDonalds In The Communty Fund The Mi¢kel Fund H&l8egg Charitie5 Trust Dawn Developments Ltd The Russell Trust Alloway Burns aub The MacFlotr*rt Trust L)tsnatlons from In¢JlvlduaL Gtft aid claims I,ooo 21X) 100 20D l(p) S,C*)O 1,500 loo 9,690 1,850 16,840 9,690 1,850 365 10.965 io Alloway Railway Tunnel ART SCIO Trustees. Annual Report and Accounts For the year ended 31 October 2024 Notes to the A¢coynts P•rk>d eTrd•d 31 Octobar 2013 Year endèd 31 Ortober 2024 Unrestrlrted Ae5trf Total lunds Totsl funds Payments relatSbwdlrectlyto charltabte actlvlU*s Artlst5 C05t5 Art55ts accornmodatlon Fllmmaklng costs Communtty engagement- Guided walks Confractors-Tvnnel prepara￿On costs Plant hire Training Materi315, too15 etc CCTV InStallat￿n and on8oln8 costs SlgniBe Insuran Meeting expense5 and mileage 37,245 230 400 28.810 66,055 230 142 1,450 1,450 11.970 1.9D2 216 3,122 2,015 728 656 688 1,9)2 216 3,222 2,015 728 656 192 96 400 li Donations Contrltwyng thlrd party donatlon 5uez R&R 1.150 L2 Inde￿ndent examinatjon Legal u)sts soo 980 12 Alloway Rallway Tunnel ART sao Trustees, Annual Report and Accounts For the year ended 31 October Z024 Notes to the kcounts Restrlt*ed fvnds Srolind Lld. Tatyl 20U T• Jnd Fund Ngi•¥ Jrtd N*&15 B.0 T?￿re(￿l￿ 5270 2.138 io ch•rWe¥ctW 39X) IN•b¢￿￿10*￿cth￿￿unitvFUr I ¢Dsts Irin3FM kn thl thil*en to *i>thhDP5 film •ndoth¢r mX>The rnJm¥ 01 trrt5rfimd5 ? thwlty re(&yvd • ¢rint 01 Cauncll ComNrlty ErrpJwm• R￿1￿ f¥r ci¥nrNThi¥*￿￿5kn. 11¥5 hJ5 been alor*ed wirtrt oMmun*Y¥J￿ksbOpc0Sty. In th￿ PTtoi Ar*ittotafryÉJOlmftvrn 6rantICl￿ 5C¢tbnd LEd.5VEi Comm￿li1e5 FLmff wpamion coll% r￿￿1￿70. The Rraii ￿at4P In tw tsTalnenrs. In the and Éir￿ hl tho tuti8rt TNS yEa¢5 h7& Iransterred ¥￿t￿￿ted t4nds unr*lrKtsttkntstooftsetthebdiNoofcoslschxydthw&l￿lw￿d. Thecbai1tyr￿yedaiE5Irl[I¥dVWrtOIE4.r￿)J{lOMTht F￿￿¥￿I￿tO￿th1h1m￿1￿ Fiolett Treché(51y rete￿¢0 ayortolf5270th¢m&xqb CwncllfD151I1 CoMnpJnLt1e5Funrt kilhe year T4>wariLs kitknlro a contrltrthknitow¥th thg(oJlsor cthttySatkhiduthN&arM'scts5ls 114rtsyortfDt to Jitwo•J itsoth¥ ¢osts of4 wdlLsitludlni rolai&dtlaryW otrar6wr¢fors(Mots toattL￿ sia&q 3inutsTrtstatht*h.Thq t￿lp¥￿anDt￿O04¥1￿rt5rlty? tOn￿l¥￿T¥ ￿1￿hop th•bal3Trc•rirrhdlorwordt0b•¥lk￿t•d wlnsttranspDrt*lRlmtosts. TFwdaUoTr S￿.￿el￿w￿eFm1 Thec%•rttyrK•lvqd 1or•Dt•fg5.396froM 13