IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1720332023-03-31SC1720332024-03-31SC1720332023-04-012024-03-31SC1720332022-03-31SC1720332022-04-012023-03-31SC1720332023-03-31SC172033ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC172033ns15:PoundSterling2023-04-012024-03-31SC172033ns11:FRS1022023-04-012024-03-31SC172033ns11:IndependentExaminationCharity2023-04-012024-03-31SC172033ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC172033ns11:FullAccounts2023-04-012024-03-31SC172033ns11:CharitiesSORP2023-04-012024-03-31SC172033ns16:EnglandWales2023-04-012024-03-31SC172033ns11:RegisteredOffice2023-04-012024-03-31SC172033ns0:Trustee12023-04-012024-03-31SC172033ns0:Trustee22023-04-012024-03-31SC172033ns0:Trustee32023-04-012024-03-31SC172033ns0:Trustee42023-04-012024-03-31SC172033ns0:Trustee52023-04-012024-03-31SC172033ns0:Trustee62023-04-012024-03-31SC172033ns0:Activity82023-04-012024-03-31SC172033ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC172033ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC172033ns0:Activity82022-04-012023-03-31SC172033ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC172033ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC172033ns0:Activity92023-04-012024-03-31SC172033ns0:TotalUnrestrictedFundsns0:Activity92023-04-012024-03-31SC172033ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC172033ns0:Activity92022-04-012023-03-31SC172033ns0:TotalUnrestrictedFunds2023-03-31SC172033ns0:TotalRestrictedIncomeFunds2023-03-31SC172033ns0:TotalUnrestrictedFunds2024-03-31SC172033ns0:TotalRestrictedIncomeFunds2024-03-31SC172033ns10:WithinOneYear2024-03-31SC172033ns10:WithinOneYear2023-03-31SC17203322023-04-012024-03-31SC172033ns10:OwnedAssets2023-04-012024-03-31SC172033ns10:OwnedAssets2022-04-012023-03-31SC172033ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC172033ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC172033ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC172033ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC172033ns0:TotalUnrestrictedFundsns0:Activity92022-04-012023-03-31SC172033ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC172033ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-31SC172033ns10:PlantMachinery2023-03-31SC172033ns10:MotorVehicles2023-03-31SC172033ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-012024-03-31SC172033ns10:PlantMachinery2023-04-012024-03-31SC172033ns10:MotorVehicles2023-04-012024-03-31SC172033ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-31SC172033ns10:PlantMachinery2024-03-31SC172033ns10:MotorVehicles2024-03-31SC172033ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-31SC172033ns10:PlantMachinery2023-03-31SC172033ns10:MotorVehicles2023-03-31
REGISTERED COMPANY NUMBER: SC172033 (Scotland)
REGISTERED CHARITY NUMBER: 025747














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

OCEANALLOVER

OCEANALLOVER

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 12

OCEANALLOVER (REGISTERED NUMBER: SC172033)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity aims to present and support fine art and performance of a high standard in a challenging way.

Significant activities
The main areas of activity for Oceanallover in this financial year have been a combination of sculptural and performance projects.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
2023/24 was, once again a big year for the company. We continued working with the famous couturier Mr. Pearl to work on a series of collaborative costumes with Alex Rigg for our Ecdysis and Scales of the World projects. This collaboration was shown in its final form at Cottiers Theatre, Glasgow in November 2023.

We picked up again a long-standing collaboration with Surge Festival to continue making elements for their Beautiful Bones project, a big street extravaganza with composer Stephen Deazly.

We performed Ecdysis/ Scales of the World at Stanley Arts, London, Knockengorroch Festival, Galloway, Sonic Arts Week, Middlesbrough Kelburn Garden Party, Stockholm and Oslo Fringe festivals. We also invited Canadian Choreographer Bill Coleman to continue working with us on The Scales of the World. The work we made together was very inspiring and we hope very much to work with him in the future. We also designed and made costume for Project Unspoken, a Latin dance company based in Glasgow. We designed, built and showed a large sculptural piece for Wintertide Festival in Hartlepool and created a large sculptural piece for the Outlander Studios with Trevor Leat.

Despite difficulties with fund-raising in the public sector the company has successfully presented high quality work to a wide range of people and places.

Oceanallover continues to be a publically funded company that operates on a not for profit basis all of our performances and on-line presentations were given in a public arena and open to anyone to attend or watch.

FINANCIAL REVIEW
Reserves policy
The trustees approve the level of unrestricted reserves held by the charity and are satisfied these will be sufficient for the charity to achieve its objectives in the following financial year. Restricted reserves will not be used to support overheads incurred by the charity.


OCEANALLOVER (REGISTERED NUMBER: SC172033)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2024


FUTURE PLANS
Oceanallover and Alex Rigg have been making experimental, outdoor theatre for over twenty years. We have a thorough understanding of the difficulties and challenges to be encountered in this branch of artistic output, including an awareness of what the general public will perceive as a positive experience.

The fundamental principle behind the company is to present high quality, innovative work to as wide a public as possible. this remains our core aim and will continue to remain our core aim for as long as the company exists.

Our future planning is based around the devising and delivery of fresh narratives and design ideas each year which keep the company at the forefront of innovation in its field in Scottish and international theatre.

In the year beginning April 2024 we will be continuing to develop our new project, Kroovan Wings alongside plans to remount The Scales of the World which will showcase our collaboration with Mr Pearl, alongside new music collaborations with Richard Luke, Greg Lawson and Breezy Lee. We will be working with a wide range of artists, musicians and communities and working to make the projects freely available to as many people as we can. We will concentrate out public performances on presenting work to rural communities, while maintaining a link to the urban art centres.

Oceanallover are also working hard to diversify funding sources in a bid to survive the current difficulties in the public sector funding of the Arts. We are planning to hold a series of paid residencies in our studio spaces as a way of generating income. We are also actively looking to other Trusts and organisations such as the Holywood Trust to broaden our support base.

The Trustees for the company will be required to oversee the realisation of these aims and to verify that all of our activities satisfy our status as a registered Scottish charity. Most importantly they will help to ensure that as a largely public-funded company we provide the highest quality of service to the public.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee and governed by its Memorandum and Articles of Association. The liability of members is limited to £1 each. The company is accepted as a charitable body by the Inland Revenue. The trustees set the policies of the charity and are responsible for the day to day running of the charity.

Organisational structure
The Chief Executive of Oceanallover is A Rigg who is responsible for the day to day running of the company; this is done in conjunction with freelance support as required. As the company's work is project-based, he is not permanently employed to manage the company. However, to date there has been very little administration involved in running the company as a whole, other than ensuring that financial and other records are appropriately kept.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC172033 (Scotland)

Registered Charity number
025747

Registered office
Auchenstroan House
Moniaive
Thornhill
Dumfries
DG3 4JD


OCEANALLOVER (REGISTERED NUMBER: SC172033)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2024


Trustees
A Rigg
B R Hartley
A McConnel
T Leat
J Hodges
D Strang

Independent Examiner
Kathleen Benham CA
Benham Conway & Co
Chartered Accountants
16 Royal Crescent
Glasgow
G3 7SL

Approved by order of the board of trustees on 19 August 2024 and signed on its behalf by:





A Rigg - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
OCEANALLOVER (REGISTERED NUMBER: SC172033)



I report on the accounts for the year ended 31 March 2024 set out on pages five to twelve.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a 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 you as trustees concerning any 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 examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Kathleen Benham CA
The Institute of Chartered Accountants of Scotland

Kathleen Benham CA
Benham Conway & Co
Chartered Accountants
16 Royal Crescent
Glasgow
G3 7SL

19 August 2024

OCEANALLOVER

STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 127,128 - 127,128 147,694

Other income 47,047 - 47,047 9,964
Total 174,175 - 174,175 157,658

EXPENDITURE ON
Charitable activities
Cost of charitable activities 138,191 - 138,191 158,168

NET INCOME/(EXPENDITURE) 35,984 - 35,984 (510 )
Transfers between funds 9 3,331 (3,331 ) - -
Net movement in funds 39,315 (3,331 ) 35,984 (510 )

RECONCILIATION OF FUNDS
Total funds brought forward 62,889 3,331 66,220 66,730

TOTAL FUNDS CARRIED FORWARD 102,204 - 102,204 66,220

OCEANALLOVER (REGISTERED NUMBER: SC172033)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,292 11,055

CURRENT ASSETS
Debtors 6 51,650 9,964
Cash at bank 44,582 48,569
96,232 58,533

CREDITORS
Amounts falling due within one year 7 (2,320 ) (3,368 )

NET CURRENT ASSETS 93,912 55,165

TOTAL ASSETS LESS CURRENT
LIABILITIES

102,204

66,220

NET ASSETS 102,204 66,220
FUNDS 9
Unrestricted funds 102,204 62,889
Restricted funds - 3,331
TOTAL FUNDS 102,204 66,220

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


OCEANALLOVER (REGISTERED NUMBER: SC172033)

BALANCE SHEET - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 19 August 2024 and were signed on its behalf by:





A Rigg - Trustee

OCEANALLOVER

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Studio costs-25% on cost
Equipment-25% on cost and 25% on reducing balance
Motor vehicles-25% on reducing balance

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

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 restricted 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 and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 2,763 2,565
Deficit on disposal of fixed assets - 961


OCEANALLOVER

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 37,615 110,079 147,694

Other income 9,964 - 9,964
Total 47,579 110,079 157,658

EXPENDITURE ON
Charitable activities
Cost of charitable activities 48,089 110,079 158,168

NET INCOME/(EXPENDITURE) (510 ) - (510 )


RECONCILIATION OF FUNDS
Total funds brought forward 63,399 3,331 66,730

TOTAL FUNDS CARRIED FORWARD 62,889 3,331 66,220


OCEANALLOVER

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Studio Motor
costs Equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 2,359 7,271 12,950 22,580
Disposals (919 ) - - (919 )
At 31 March 2024 1,440 7,271 12,950 21,661
DEPRECIATION
At 1 April 2023 2,359 7,008 2,158 11,525
Charge for year - 65 2,698 2,763
Eliminated on disposal (919 ) - - (919 )
At 31 March 2024 1,440 7,073 4,856 13,369
NET BOOK VALUE
At 31 March 2024 - 198 8,094 8,292
At 31 March 2023 - 263 10,792 11,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,603 -
Other debtors 47,047 9,964
51,650 9,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 550 2,414
Other creditors 1,770 954
2,320 3,368

8. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 8,292 - 8,292 11,055
Current assets 96,232 - 96,232 58,533
Current liabilities (2,320 ) - (2,320 ) (3,368 )
102,204 - 102,204 66,220


OCEANALLOVER

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


9. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 62,889 35,984 3,331 102,204

Restricted funds
Restricted Grants 3,331 - (3,331 ) -

TOTAL FUNDS 66,220 35,984 - 102,204

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 174,175 (138,191 ) 35,984

TOTAL FUNDS 174,175 (138,191 ) 35,984


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 63,399 (510 ) 62,889

Restricted funds
Restricted Grants 3,331 - 3,331

TOTAL FUNDS 66,730 (510 ) 66,220

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 47,579 (48,089 ) (510 )

Restricted funds
Restricted Grants 110,079 (110,079 ) -

TOTAL FUNDS 157,658 (158,168 ) (510 )

OCEANALLOVER

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


10. RELATED PARTY DISCLOSURES

During the year payments of £11,121 (2023, £18,115) were made to close family members of A Rigg for services rendered.

The following payments were made during the year to the trustees, in respect of their services.


20242023
£   £   
A Rigg40,80045,250
B Hartley5500