REGISTERED c￿Ty NUMBER: SC052947 THE ARCHES ARTS & CREATIVE HUB {SCIO) ANNUAL REPORT & FINANCIAL STATEMENTS FOR TUE PERIOD EM)ED 31YfH NOVEMBER 2024 THE ARCHES ARTS & CREATIVE HUB {SCIO) REPORT OF THE TRUSTETrS FOR THE PEIUOD ENDED 30TH NOVEMBER 2024 Th¢ tmstees preseni their repoL1 together with the financial Statem￿tS for th¢ p¢riod ¢nded 30th Nov¢mber 2024. IwrRODUCTION The Arches Arts & Creative Hub was registerd as a Scollish Charitable Inco4M)raled Organisation (SCIO) on 15th November 2023. C&IRITABLE PURPOSES The charity's purposes ar¢ &$ follows.. a) To promote the interesls of th¢ Arts in general, and social intercourse amongst its Members. The Arts includes. but is not limii¢d to, music, drama, aru crafis, dance, film. b) To provide a platforni for artistes. ￿eative individuals aDd groups, to showcase theirtalents and ¢ontribute to the culturnl enrichment, particularly an￿ng the residents of Hawick, and the wider community. Our cent will offei a range of prO￿8MMeS and evenls that will cater for people of all ages and backgrounds. Our goal is lo crealc a vibtant and inclusivc space that fosters ereativity, learning. and conmlunity wg¢ment. c) To pmvide, in the interGsts of so¢ia] welfare. facilities for recreation and otheT leisure time occupation available to the public at large within Hawick and the Su￿OU￿dIng area of the Sci)tti8h Borders. with a view to inwoving their conditions of life. AcfiviTIES AND ACHIEVEMENts In order to Promote the aiK)v¢ charitsblc purposes the board has been seeking a suitable building in Hawick to 5crvc a5 an Arts hub for the community. This has proved to be a difficult tssk. Premises were identified, owned by th¢ local authorlty but no longcr in usc and thcrefor¢ a wt¢ntial candidatc for a community assct transfer. The futUTe of the Premises has been subject to a lengthy consultation pro¢css bctwcen Scottish Borders Coun¢il and the Seottish CJovernmeni. and the position was still unclear at the end of the financial period. The board is actively considering altcrnalives and is also engaging with thc community to seek the views of pokntial user groups and the general public. The proje￿ has recently been voteA as the top project in th¢ Hawick Town pla￿ which qualilies us for fimding towards a feasibility sludy OD The Arche8 and otlw potenti&l sites, and with a Wential of receivin8 fimdll￿ from The Borderlands Funding source. The official Cominunily Assct Transfcr fonn is curTently a work in progress and will be submitted by th¢ IIthAugusl 2025. The board have also bccn given the go ah￿d fiDrn SBCJAtkinqRealis. to approach various aTchiiectural suppIi¢TS lo request interest on a feasibility srudy. with a budget up 10 £15,000. Th¢ charity l￿d no trnnsactions in the period from inwrporation on 15th November 2023 to th¢ end of the rinan¢ial p¢riod on 30th November 2024. The charity had no as8L*s or liabilities at 30th Novemkr 2024. STRUCTURE, GOVERNANCF AND MAIYAGEMENT GoverniDg document The rLdes governing the charity are set out in its Constitution. The charity is a Scottish Charitable InCO￿or￿ted Organisation (SCIO). Page I THE ARCHES ARTS & CREATIVE UUB (SCIO) REPORT OF THE TRUSTEFS FOR THE PERIOD ENDED 30TH N0VE1k￿ER 2024 Recruitment and appointment of trustees At each annual general meeting the members may elect any member to be a charity tfU5tcc. Th¢ board nmy at any timc appoint any mcmbcr subject to maximum numbers of trustee restrictions in the constitution lo b¢ a charity trustee. The b(wd may co-opt any non-menther to be a t￿st¢¢ on the basis that ihey have specialist experience or skills which could be of assistance to the board. The maximum number of trust¢¢s is s¢ven. At each AGM, all of the sffving charity trustces shall rctirc from office bul shall be eligible for r￿leCtIOn. REFEREIYCE AND ADMtNISTRATtVE DETAILS Registered Charlty number SC052947 Prfnclpal addre88 Back Raw Hoosc 7 DnunIanrig Squa Hawick TD9 OAS STATEMENT OF TRUSTEES, RESPONSIBILTTIES The trL￿eeS must Prepare financial statements which give sufficient d¢t8il to enable an apprc¢ialion of the transaction5 of the charity during the financial year. The tNstees aTe responsible for keeping proper accounting records which discloge with reasonable accuracy 8t any time the financia] position of the charity and to cnable thcm to ¢￿8Ure that the financial statements comply with the Clwities and Tn￿tee Inves¢ni¢nl (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding tbe assets of the charity and hence for taking reasonabl¢ sleps for the prevention and det¢ction of fraud and oth¢r irr¢gulariti¢s. Approved by order of the knard of trnstees on 14th July 2025 and s1￿cd on its behalf by.. Pag¢ 2 INDEPENDENT EXAmI1￿1's REPORT TO THE TRUSTEES OF THE ARCHES ARTS & CREATIVE HUB (SCIO) I report on the A¢¢ounts of the charity for the pcriod cndcd 30th November 2024 which are sct out on pages 4and5. Respective responsibilities of trustees and ex*miDer The charity's trnstees are responsibl¢ tor the preparation of the Accounts in accotthnce with ihe tern￿ of th¢ Charities and TtU8tLX Investment (Scotland) Act 2005 and the Charities ACCo￿tS (Scotland) Regulations 2006 (as amended). Thc Charity T￿￿te¢S consider that the audit requirement of Regulatinn 10(I}(d) of th¢ Accounts Regulations docs not apply. It is my re5rx)nsibilily lo examine the Accounts a5 Tequir¢d under section 44(1)(¢) of the Act and to state whethcrparticular nmtters hav¢ come to my attentio Bi81$ of iDdependtnt exanthier's statement My examinalion is carricd out in accordance with Rcgulation I l of the 2006 Regulations. An examination in¢lud¢s a review of the accounting records kept by the Charity and a corJFarison of the A