2025-03-31-accounts - Milton Arts Project

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Milton Arts Project

Annual Report and Accounts

For the Period

2 April 2024 (date of incorporation) to 31 March 2025

Scottish Charity Number

SC053251

Milton Arts Project

Report and Accounts For the Period Ended 31 March 2025

*Contents*	*Page*
Trustees’ Annual Report	2 - 4
including Reference & Administrative Information
Report of the Independent Examiner	5
Receipts & Payments Account	6
Statement of Balances	7
Notes to the Accounts	8 - 9

Milton Arts Project

Trustees’ Annual Report For the Period Ended 31 March 2025

The Trustees are pleased to present their report and the accounts for the period from 2 April 2024 (the date of incorporation) to 31 March 2025.

Reference & Administrative Information

Principal Address: Flat 1/4 17 Egilsay Terrace Glasgow G22 7PQ Scottish Charity Number: SC053251

Trustees

The following have been trustees from the date of incorporation (2 April 2024) and are serving as trustees at the date of this report:

Independent examiner:

Paul Clelland Accountancy 74 Norse Road Glasgow G14 9EF

Structure, Governance and Management

Milton Arts Project is a Scottish Incorporated Charitable Association, incorporated on 2 April 2024 and registered as a Scottish charity with registration number SC053251. Its activities are governed by its constitution, effective from the date of incorporation, and regulated by the Office of the Scottish Charity Regulator (OSCR).

Trustees are appointed by initial invitation from the board and acceptance of the responsibilities of a trustee by that individual. This is then agreed formally at the following board meeting.

Each trustee serves for a period of one year and steps down at the end of each AGM. Reappointment is agreed at the following board meeting, as are any new trustee appointments, unless there are any known issues that may prevent this.

As a new charity, the board currently meets every month while future funding is sought. This will reduce to bi-monthly in the coming year.

The trustees meet with attendees of the project on a quarterly basis and use these interactive sessions to inform monitoring and evaluation of the work of the charity.

Milton Arts Project Trustees’ Annual Report (continued)

Objectives & Activities

The objects of Milton Arts Project are;

a. The advancement of arts & culture in Milton and the surrounding areas of North Glasgow
b. The provision of recreational activities, or organisation of recreational activities

The main activities of the charity in pursuit of the above objects are:

providing tutor led, weekly music sessions free of charge in the local community
regular tutor-led creative writing sessions held throughout the year
provision of a practice room for free use by local musicians that attend the project activities
provision of a recording studio with professional standard equipment within its rented premises which project attendees can have access to at pre-agreed times

Achievements & Performance

Our project is run by local people for local people. In the past year, the tutors and project attendees have been busy with a plethora of creativity.

During the year, we produced a community compilation album with contributions from 20 local people, who each recorded their song in the Milton Arts Project (MAP) studio. In addition, a number of local people have written and recorded their own original songs and these have been released on our own record label MAP 75, and are now available to listen to on Bandcamp.

The creation of a MAP 75 “Zine” was established, with numerous creative writing and art work contributions. This has been published in paper format and available locally through the project, local library and from attendees of the project.

All of our work is anchored by the weekly music workshop we run in our community on Thursdays from 10am to 12pm. There are on average 30 adults who attend this workshop on a weekly basis, where we provide a safe, creative space for encouraging feedback and ideas from everyone.

We have regular brainstorming sessions with those that attend and continually look to grow and develop our creative activity. We also frequently use a 'pop up board' where people can write up any thoughts or ideas (annonymously if they wish).

Our project attracts a diverse range of people and many arrive through 'word of mouth' encouragement locally. We do this through some of our group performing at local community events and promoting the work of the project.

We also aim to address barriers to participation through our presence. This year some of our board participated at wider community partnership networking events, where we shared and exchanged information with other local projects and agencies about the work of MAP.

Milton Arts Project Trustees’ Annual Report (continued)

Financial Review (continued)

Details of receipts and payments during the period are shown on page 6.

Receipts during the period amounted to £13,508. Included within this is a donation of £6,628 representing the cash assets of the original Milton Arts Project which operated as a project of Colston Miltoon Parish Church of Scotland (SC012939) until it transferred to the charity in October 2024 (see accounts note 4). Grant income of £6,880 was received.

In addition to the receipts in the accounts, the charity also received a donation of equipment which had a book value of £39,790 on the date of transfer.

Payments during the period were £7,860.

There were net receipts of £5,648 during the period, all of which related to the charity’s general fund.

Reserves Policy

The trustees are still in the process of formulating a reserves policy suitable for the purposes of Milton Arts Project as a new charity with low overheads. Meantime, the trustees have sought to secure sufficient grant and other income to ensure that existing programmes can continue at the current level, and this has been achieved in the period.

Trustee Remuneration and Expenses

Details of trustee remuneration and expenses are provided in Note 5 to the accounts.

Approved by the Trustees and signed on their behalf:

Date:

Report of the Independent Examiner To the Trust$ of Milton Arts Project I report on the accounts of Milton Arts Project (the charity) for the period ended 31 MarGh 2025, thIch are Set out on pages 6 to 9. Respective responslbllftles of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the tems of the Charities and Trustee Investrnent (Scotland) Act 2005 and the Charities Accounts (S¢x)tland) Regulations 2006. The chanty trustees consider that the audit requirement of R8Julatw)n 10(1) (a) to (c) of the Accounts Regulations doe5 not apply. It is my responsibilty to examine the accounts as required under tIOn 44(1) (c) of the Act and to state whether particular matter5 have come to my attention. Basis of independent examinees statement My examination is carried out in accordance with Regulation 11 of the Charibes Accounts (Scolland) Regulations 2006. An examination Includes a review of the accounts'ng records kept by the chanty and a comparison of the accounts presented wth those records. It also induoes considerats'on of any unusual Iterns or disclosures In the accounts: and seeks explanations from the trustees concernlro any such matters. The prccedures undertaken do not provide all the eviéence that wcwld be required in an audi( and consequently I do not expre55 an audit OFinion on the view given by the accounts. Independent examIne3 Statement In the course of my examination. no matter has corrn to my attention which gives me reasonab cause to believe that in any materia resFect the requirernents.. to keép accounting records in accordance with Secticn 44(1) (a) of the 2005 Act and Regulation 4 of the 2{ Accounts Rula>T. and to prepare accounts whh accord WFth the accounting recdS and comply with Regulatr'on 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attenticn should be drawn in order to enable a prry)er understanding of the accounts to be reached. Date: 11" Po>r Member of the Institute of Chartered Accountants of ScotiarKI Paul Clelland Accountancy 74 Norse Road Glasgow G14 9EF

Milton Arts Project SCIO Receipts & Payments Account For the period 2 April 2024 to 31 March 2025

Receipts Note Grants 3 Donations 4 *Total Receipts* Payments Payments relating to charitable activities: Sessional fees - musicians Zine Hospitality / session costs Equipment Rental Heat & light IT & software Miscellaneous costs *Total Payments* Net receipts in year Transfers to / (from) funds Surplus for the year Balance brought forward Balance carried forward	Unrestricted Funds £ 3,000 6,628 9,628 1,088 257 447 1,701 - 6 281 200 3,980 5,648 - 5,648 - 5,648	Restricted Funds £ 3,880 - 3,880 2,496 400 189 - 450 250 - 95 3,880 - - - - -	Total Funds 2.4.24 to 31.3.25 £ 6,880 6,628 13,508 3,584 657 636 1,701 450 256 281 295 7,860 5,648 - 5,648 - 5,648

Milton Arts Project SCIO Statement of Balances as at 31 March 2025

Cash funds Note Opening bank & cash balances Surplus for the year Closing bank & cash balances 2 Other assets Equipment at net book value Liabilities Accrued expenditure	Unrestricted Funds £ - 5,648 5,648	Restricted Funds £ - - - Fund General Fund General	Total Funds 31.3.25 £ - 5,648 5,648 35,811 425

Approved by the trustees and signed on their behalf:

Date:

Milton Arts Project SCIO Period Ended 31 March 2025 Notes to the Accounts

1. Accounting Policies

Basis of Accounting

These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Nature and purpose of funds

Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the charity.

Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes.

2. Movements in funds

Unrestricted Funds General fund *Total unrestricted funds* Restricted Funds GCC CAP - Canal *Total restricted funds* Total funds	Receipts 9,628 9,628 3,880 3,880 13,508	Payments (3,980) (3,980) (3,880) (3,880) (7,860)	Transfers - - - - -	Balance at 31.3.25 5,648 5,648 - - 5,648

Notes on funds:

Glasgow City Council Community Area Partnership (GCC CAP) awarded a grant for event, workshop and zine costs. The grant was spent in full during the period.

Milton Arts Project SCIO Notes to the Accounts (continued)

3. Grants

Glasgow City Council Community Area Partnership - Canal Hugh Fraser Foundation Total donations	Unrestricted Funds £ - 3,000 3,000	Restricted Funds £ 3,880 - 3,880	Total Funds 2.4.24 to 31.3.25 £ 3,880 3,000 6,880

4. Donations

On 24 October 2024, the charity received a donation of £6,628 from Colston Milton Parish Church of Scotland (registered charity SC012939). This represented the balance of funds of the original Milton Arts Project, which operated as a project of that charity up to the point these funds were transferred to the new charity. This donation was unrestricted. The charity was also gifted all the equipment which belonged to the project, which at the time of transfer had a net book value of £39,790.

5. Trustee Remuneration and Expenses

No remuneration or expenses were paid to any other trustees during the current period.