Charity registration number SC023628 (Scotland)
Company registration number SC157796 (Scotland)
STELLAR QUINES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STELLAR QUINES
CONTENTS
Page
Chair's statement
1 - 3
Trustees' report
4 - 14
Independent examiner's report
15
Statement of financial activities
16 - 17
Balance sheet
18
Notes to the financial statements
19 - 30
STELLAR QUINES
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -
STELLAR QUINES
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
STELLAR QUINES
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
Lesley Orr
Chair
Date: 21 November 2024
Caitlin Skinner
Artistic Director and CEO
Date: 21 November 2024
STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 11 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006 and "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

 

Stellar Quines is a touring theatre company for Scotland, dedicated to exploring the role theatre has to play in creating a gender equal society.

Our work is fuelled by artists, audiences and communities who want to see a better future for women, non-binary people and people of other marginalised genders. We create opportunities for them to flourish through our theatre productions and creative engagement programmes including our free-to-access youth theatre.

Our Vision

A world where the lives, needs and dreams of all women and people of other marginalised genders are valued and celebrated.

Our Mission

Stellar Quines believes in the potential of theatre as a creative, social and political force for gender justice. We create opportunities onstage, backstage and in the community for those who experience inequalities to share their stories, create strong inclusive partnerships and take positive action.

As intersectional feminists, our work addresses gender inequality and the ways this interacts and overlaps with other forms of social, economic and political inequality to produce different kinds of discrimination (racism, homophobia, transphobia, ableism, xenophobia, classism, etc).

We create spaces for learning, participation and collaboration. We believe in the transformative possibilities of making, sharing and responding to performance in an ever-changing world.

In 2023-2024 our focus was to:

STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Achievements and performance
STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -

And explored the things they wanted from the future of Young Quines:  

Using this knowledge, we have developed a new plan for the programme with a focus on creating work for performance and integrating the project and participants into the wider Stellar Quines programme, whilst continuing to offer wellbeing and personal development opportunities for young people.  

Disciples Engagement Programme

To accompany our production of Disciples, and to support disabled people who attended the show, we delivered a series of theatre and dance workshops for young disabled adults.  

The workshops explored the show’s themes of faith, trust and community through movement, supporting the mission of our partner organisations The Yard to create opportunities for fun, friendship and community building. 

We have long-term relationships with Shakti Women’s Aid, Edinburgh’s the Welcoming and the YMCA Women’s group which we also supported to attend.

Participant feedback

‘Last night at Disciples, was truly spectacular! An unforgettable evening!’  

Inspiring Scotland: Stepping Up, Stepping Out

We continued to work with Edinburgh based Stepping Stones this year, an organisation that supports young single mums.  Artist Rebecca Livesey-Wright developed a project called Tomorrow is a New Day encouraging the participants to explore the theme of parenting through a range of artistic responses.  

CREATIVES

Maker Spaces

This year, we piloted our first Maker Space, following one of over 120 one to one meetings, Stellar Quines, Artistic Director/CEO Caitlin Skinner held with Scottish artists, facilitators and creatives. A small group of 3 artists with chronic health conditions met online over the course of the year; creating the space for peer learning and for the group to explore radical access methods and to design a programme of activity for 2024/2025.

IMPACTS AND ACHEIVEMENTS

Stellar Quines is committed to the transformational potential of theatre as a tool for social change. Our work begins in the creative sector, but extends far beyond: we raise awareness, shift understanding, and change behaviour.  

Since our inception, we have produced 37 plays and toured to 109 venues the length and breadth of Scotland, visiting 26 of Scotland’s 32 local authorities. We have tackled the lack of representation for women as lead artists of theatre productions with 34 full productions of work written by women and 37 productions directed by women. We have provided 112 roles for women in our plays and over 355 creative team roles for women. We also saw the development of 68 scripts through public sharings with our Rehearsal Room programme between 1997 and 2016, leading to 16 new productions, all written by women.  

Through all the opportunities we provide, we seek to empower and nurture artists to work towards systemic change, as the next generation of cultural leaders. 

In 2023/2024, we employed 76 artists and practitioners across our programme of work. Of those who opted to provide their equal opportunities data, 98% identified as women or non-binary people. 30% identified as BPOC (against 4% of the population (2011 census data), 38% identified as disabled (20% of population in 2011 census data) and 31% identified as being LGTBQ+ (against 2011 data collected only for LGB of 4% in Scotland’s Annual Population Survey 2020).  

STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -

ORGANISATIONAL DEVELOPMENT

Climate Emergency

We have continued to develop our work on reducing carbon emissions by adopting the Theatre Green Book guidance. We are working towards a year of climate emergency focused activity in 2026 and have commissioned Isla Cowan to develop a new work on this theme.

Fair Work

Stellar Quines is committed to implementing Fair Work principles and in consultation with our office-based staff look forward to piloting a four-day week in 2024/2025. Should the trial of the four-day work week be successful, we will develop a plan and recommendations for implementing the scheme into productions and projects.

We have strengthened our family-friendly provisions by introducing paid care leave, and by removing the qualifying period for enhanced maternity pay and paternity/partner pay. We have also improved security for employees by providing a contractual entitlement to up to four weeks of paid sick leave. We provide flexible and family friendly working practices for all the team from day one of employment.

Building on our learning from the Marilyn Imrie Fellowships of 2022-23, we will develop a Code of Care for the organisation. Working in collaboration with staff, board and artists, we will work with industry experts such as wellbeing practitioners, intimacy co-ordinators and those experienced in trauma informed and anti-oppression practice. This Code of Care will be rolled out across the company and become a key tenet of our organisational culture.

Equality, Diversity and Inclusion

This year we have continued to focus on the following areas of activity: improving disabled access both creatively and in terms of audience engagement and marketing - through our work on Disciples and working with artists and participants with experience of migration and developing anti- racism practice in the organisation. As a Board and staff team we have co-created an Anti-Racism Strategy and Action Plan to embed a Cycle of Practice across the organisation.

Financial review

Stellar Quines is funded in part by Creative Scotland through its Regular Funding programme alongside earned income from our shows and projects, support from trusts, foundations and from Quines Collective, our individual giving programme.

In 2023/2024, the Board increased the salaries of the staff team by 3% to address inflation, with a further review to be undertaken when Creative Scotland conclude the multi-year funding process.

In April 2024, we increased the employer pension contribution for employees’ pensions to 5% to match the 5% employee contribution and help to contribute to staff being able to build up a reasonable pension during their working lives. We have also extended pension enrolment to day one of employment.

Of fund balances carried forward to 2024-25, £18,383 represents restricted funding, £54,788 represents designated funding for future projects, and £60,057 is unrestricted reserves.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ core expenditure. This equates to between £35,000 and £70,000 of reserves. The Directors consider that reserves at this level will ensure that, in the event of a significant change in circumstances, they will be able to continue the Charity's current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year with the charity ending the year with unrestricted reserves of £60,057, which is within its target level of reserves for 2022-2023. The Directors are content with this level of closing unrestricted reserves.

The Directors have assessed the major risks to which the Company is exposed and are currently reviewing systems to mitigate exposure to major risks.

STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
Structure, governance and management

The charity is a company limited by guarantee.

 

OUR PEOPLE

 

In everyday working, productions, engagement and campaigns, Stellar Quines endeavours to model our feminist values – inclusivity, collaboration, economic justice, recognising and celebrating diversity, mobilising resources for positive change. Our partners, participants, audiences, funders, freelance artists and the larger constellation of our supporters are vital. We’ve shared and learnt so much from so many as we conclude our 30th birthday year.

Our Quines staff and Board are the beating heart of the company, and we’re grateful for their commitment, integrity and manifold skills.

 

Staff Team April 2023 - March 2024

Caitlin Skinner        Artistic Director and Chief Executive

Barbie Lyon        General Manager

Beth Godfrey        Associate Director: Engagement

Erin McGee        Company Administrator

 

Board April 2023 - March 2024

Lesley Orr        Chair

Brenna Hobson        Vice-chair (resigned 8 May 2024)

Natasha Lee-Walsh

Gail Preston        (Resigned 13 October 2022)

Ann-Christine Simke    (Resigned 26 January 2024)

Zoe Farruiga        

Leigh Robieson-Cleaver    (Resigned 1 March 2024)

Rachel Edgar        (Vice chair from 8 May 2024)

Linton Zhang        Board Pioneer (Resigned 7 February 2024)

Shasta Hanif Ali        (Appointed 18 July 2024)

Miranda Barty-Taylor     (Appointed 4 May 2023)

Clementine E Burnley    (Appointed 18 July 2024)

Tamara Zimet

The Board is appointed under the Memorandum and Articles of Association of the Company.

None of the Board has any beneficial interest in the Company. All of the Board are members of the Company and guarantee to contribute £1 in the event of a winding up.

 

The day to day running of the organisation is delegated to the Artistic Director and CEO, assisted by the General Manager and Company Administrator. All major decisions, including the review and approval of budgets, are made by the Board at meetings.

STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -

Charity number (Scotland)

SC023628

Company number

SC157796

Registered Office

30B Grindlay Street

 

Edinburgh

 

EH3 9AX

Independent Examiner

Thomson Cooper Accountants

 

3 Castle Court

 

Carnegie Campus

 

Dunfermline

 

KY11 8PB

 

We would like to thank the Quines Collective, our group of individual donors, for their ongoing support of our work.

Jackie Crichton, Elspeth Macarthur, Ishbel McFarlane, Erin McElhinney, Sarah Marie Mooney, Rachel O'Regan, Deborah Ritchie, Kathryn Welch, Alice Donnelly, Marilyn Wilson, Nikki Macdonald, Lesley Orr, Thom Schuman, Leigh Robieson Cleaver, Andrew Grant, Sarah Keir, Natasha Lee Walsh, Rosie Kellagher, Anne Hart, Sarah Scott, Brenna Hobson, Miranda Barty-Taylor, Hilda Hudson, Shona White. Michaella Fee, Emma Ruse, Shirley Monteith, Harry Mould, Hayley Blakeman, Rachel Edgar, Cynthia Chung 

Thank you to Creative Scotland for supporting our programme and to Culture Collective for supporting our Young Quines youth theatre programme in Fife.

To the PRS Foundation, our Crowdfunder supporters including the National Emergencies Local Action Trust and the BA Better World Community Fund for the support of Disciples.

Thank you to Inspiring Scotland’s Creative Communities Fund for their support of Stepping Up, Stepping Out.

Image credits: Mihaela Bodlovic, Willie Christie, Stuart Armitt, Christina Brownlee Cox, Alice Mary Cooper, Kat Gollock.

STELLAR QUINES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
Statement of trustees' responsibilities

The trustees, who are also the directors of Stellar Quines for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the Board of Trustees.

Lesley Orr
Trustee
21 November 2024
STELLAR QUINES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF STELLAR QUINES
- 15 -

I report on the financial statements of the charity for the year ended 31 March 2024, which are set out on pages 16 to 30.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of Stellar Quines for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the 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 financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Fiona Haro CA
Thomson Cooper Accountants
3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8JJ
Dated: 21 November 2024
STELLAR QUINES
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
2
4,495
27,850
32,345
29,789
Charitable activities
3
184,979
20,147
205,126
320,247
Investments
4
1,267
-
1,267
207
Other income
5
78,916
-
78,916
-
Total income
269,657
47,997
317,654
350,243
Expenditure on:
Charitable activities
6
276,719
124,988
401,707
392,563
Net outgoing resources before transfers
(7,062)
(76,991)
(84,053)
(42,320)
Gross transfers between funds
(1,604)
1,604
-
-
Net expenditure for the year/
Net movement in funds
(8,666)
(75,387)
(84,053)
(42,320)
Fund balances at 1 April 2023
123,511
93,748
217,259
259,579
Fund balances at 31 March 2024
114,845
18,361
133,206
217,259

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
STELLAR QUINES
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income and endowments from:
Donations and legacies
2
-
29,789
29,789
Charitable activities
3
242,533
77,714
320,247
Investments
4
207
-
207
Total income
242,740
107,503
350,243
Expenditure on:
Charitable activities
6
256,617
135,946
392,563
Net outgoing resources before transfers
(13,877)
(28,443)
(42,320)
Net expenditure for the year/
Net movement in funds
(13,877)
(28,443)
(42,320)
Fund balances at 1 April 2022
137,388
122,191
259,579
Fund balances at 31 March 2023
123,511
93,748
217,259
STELLAR QUINES
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 18 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
10
66,004
973
Cash at bank and in hand
84,678
221,174
150,682
222,147
Creditors: amounts falling due within one year
11
(17,476)
(4,888)
Net current assets
133,206
217,259
Income funds
Restricted funds
12
18,361
93,748
Unrestricted funds
Designated funds
14
54,788
63,188
General unrestricted funds
13
60,057
60,323
114,845
123,511
133,206
217,259

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the Trustees on 21 November 2024
L Orr
Trustee
Company registration number SC157796
STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
1
Accounting policies
Charity information

Stellar Quines is a private company limited by guarantee incorporated in Scotland. The registered office is 30B Grindlay Street, Edinburgh, EH3 9AX.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association , the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

 

STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 20 -
1.5
Expenditure

Expenditure is recognised when a liability is incurred.

 

Charitable activities include expenditure associated with the staging of productions and include both direct and support costs relating to these activities.

 

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

 

Support costs include central functions and have been allocated to the charitable activity on a basis consistent with their use.

1.6
Tangible fixed assets

Tangible fixed assets over £1,000 are initially capitalised at cost, plus any incidental costs of acquisition, and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Reducing Balance
Computers
33.3% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 21 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Donations and grants
Unrestricted
Restricted
Total
Unrestricted
Restricted
funds
funds
funds
funds
2024
2024
2024
2023
2023
£
£
£
£
£
Donations and grants
4,495
27,850
32,345
-
29,789
Quines Collective donations
2,170
-
2,170
-
-
Gift Aid
2,325
-
2,325
-
-
National Emergencies Local Action Fund
-
-
-
-
5,011
Disciples Crowdfunder
-
10,000
10,000
-
24,778
Made in Scotland - Through the Mud
-
12,000
12,000
-
-
Quines Cast - Donation
-
1,000
1,000
-
-
Idlewild Trust - M**** classes
-
4,850
4,850
-
-
4,495
27,850
32,345
-
29,789
STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 22 -
3
Charitable activities

Grants

Programme Income
Total
2024

Grants

Programme Income
Total
2023
2024
2024
2023
2023
£
£
£
£
£
£
Analysis by fund
Unrestricted funds
176,000
8,979
184,979
220,830
21,703
242,533
Restricted funds
14,469
5,678
20,147
77,714
-
77,714
190,469
14,657
205,126
298,544
21,703
320,247
4
Investments
Total
Total
2024
2023
£
£
Interest receivable
1,267
207
5
Other income
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
£
£
£
£
Other income
78,916
-
78,916
-

During the year to 31 March 2024, other income related to a HMRC Theatre Tax Relief Claim. There was no such claim during the year to 31 March 2023.

STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 23 -
6
Charitable activities

Production & Projects

Total
2024

Production & Projects

Total
2023
2024
2023
£
£
£
£
Staff costs
116,667
116,667
141,964
141,964

Production fees

119,729
119,729
70,909
70,909

Production costs

81,339
81,339
67,309
67,309

Engagement and creative costs

57,943
57,943
86,399
86,399

Fundraising Consultancy and Activities

4,510
4,510
2,836
2,836
380,188
380,188
369,417
369,417
Share of support costs (see note 7)
16,279
16,279
18,381
18,381
Share of governance costs (see note 7)
5,240
5,240
4,765
4,765
401,707
401,707
392,563
392,563
Analysis by fund
Unrestricted funds
276,719
276,719
256,617
256,617
Restricted funds
124,988
124,988
135,946
135,946
401,707
401,707
392,563
392,563
STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 24 -
7
Support costs
Support costs
Governance costs
2024
Basis of allocation
£
£
£

Insurance

2,110
-
2,110

Direct

IT & Office costs

4,204
-
4,204

Direct

Printing, postage & stationery

156
-
156

Direct

Telephone & fax

894
-
894

Direct

Subscriptions and memberships

1,734
-
1,734

Direct

Rent (non-operating lease)

3,267
-
3,267

Direct

Staff Training and Expenses

3,915
-
3,915

Direct

Accountancy

-
5,240
5,240
Governance
16,279
5,240
21,520
Support costs
Governance costs
2023
Basis of allocation
£
£
£

Insurance

1,301
-
1,301

Direct

IT & Office costs

6,037
-
6,037

Direct

Printing, postage & stationery

150
-
150

Direct

Telephone & fax

961
-
961

Direct

Subscriptions and memberships

1,057
-
1,057

Direct

Rent (non-operating lease)

2,970
-
2,970

Direct

Staff Training and Expenses

5,905
-
5,905

Direct

Accountancy

-
4,765
4,765
Governance
18,381
4,765
23,146

 

8
Trustees

None of the trustees (or any persons connected with them) received any remuneration for their services as a Trustee during this or the prior year, no trustees were reimbursed travel expenses during the year (2023 - none).

 

In addition, the trustees donated a total of £465 (2023 - £102).

STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 25 -
9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Administration
2
2
Production
3
4
Total
5
6
Employment costs
2024
2023
£
£
Wages and salaries
108,353
131,443
Social security costs
5,455
7,268
Other pension costs
2,859
3,253
116,667
141,964

The key management personnel of the charity, comprise the Artistic Director/CEO and the General Manager. The total employee benefits of the key management personnel of the charity were £75,260 (In 2023 the figure was £68,841, with unpaid leave to the value of £2,152 also taken in this period.)

There were no employees whose annual remuneration was more than £60,000.
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,000
-
Other debtors
60,195
-
Prepayments and accrued income
809
973
66,004
973
11
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,291
600
Other creditors
2,345
1,768
Accruals and deferred income
3,840
2,520
17,476
4,888
STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 26 -
12
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
Inspiring Scotland
5,668
-
(6,143)
475
-
Culture Collective/Creative Scotland: Young Quines
63,845
14,469
(70,481)
-
7,833
People's Postcode Lottery
24
-
-
(24)
-
Disciples Crowdfunder
24,211
10,000
(34,087)
(124)
-
Idlewild Trust
-
4,850
-
-
4,850
Edinburgh Festival Fringe Society
-
12,000
(12,674)
674
-
City of Edinburgh Council
-
5,678
-
-
5,678
Individual Donations - Disciples
-
-
(603)
603
-
Individual Donations - Quines Cast
-
1,000
(1,000)
-
-
93,748
47,997
(124,988)
1,604
18,361

The above funds have been restricted for the following purposes:

 

Inspiring Scotland: funding for the Stepping Up, Stepping Out project with young women in North Edinburgh

 

Culture Collective/Creative Scotland: funding for Young Quines Youth Theatre groups in Fife.

 

People's Postcode Trust: funding to deliver Sister Radio Engagement projects

 

Disciples Crowdfunder: funding towards the tour of Disciples

 

Idlewild Trust: funding for M*****Classes in lighting design

 

Edinburgh Festival Fringe Society/Through The Mud: Funding for the production of Through The Mud as part of the Made In Scotland Showcase.

 

City of Edinburgh Council Diversity and Inclusion Fund: Funding for the development of For us girls of colour making half notes into song when the haar is all.

 

Quines Cast donation for playwrights

STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12
Restricted funds
(Continued)
- 27 -
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
31 March 2023
£
£
£
£
£
People's Postcode Trust
942
-
(942)
-
-
Inspiring Scotland
11,958
-
(6,290)
-
5,668
Culture Collective/Creative Scotland: Young Quines
89,521
73,715
(99,391)
-
63,845
People's Postcode Lottery
19,770
-
(19,746)
-
24
National Emergencies Local Action Trust
-
9,011
(9,011)
-
-
Disciples Crowdfunder
-
24,777
(566)
-
24,211
122,191
107,503
(135,946)
-
93,748

The above funds were also restricted during 2023 for the following purposes:

 

People’s Postcode Trust/Muslim Women Writers: funding for writing workshops at Glasgow Women’s Library

 

Inspiring Scotland: funding for the Stepping Up, Stepping Out project with young women in North Edinburgh

 

Culture Collective/Creative Scotland: funding for Young Quines Youth Theatre groups in Fife.

 

People's Postcode Trust: funding to deliver Sister Radio Engagement projects

 

National Emergencies Local Action Trust: funding for research and development of Disciples

 

Disciples Crowdfunder: funding towards the tour of Disciples

STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 28 -
13
Unrestricted funds

The income funds of the charity include the following unrestricted and designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

 

Movement in funds
Balance at
1 April 2023

Incoming resources

Resources expended

Transfers

Balance at
31 March 2024
£
£
£
£
£
Reserves
60,323
242,017
(191,263)
(51,020)
60,057
Movement in funds
Balance at
1 April 2022

Incoming resources

Resources expended

Transfers

Balance at
31 March 2022
£
£
£
£
£
Reserves
64,943
175,030
(171,041)
(8,609)
60,323
STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 29 -
14
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
Production Funding for Disciples
39,955
-
(39,955)
-
-
M*** Class - Video Design Fees
9,210
-
(9,210)
-
-
Funds for Marilyn Imrie Fellowships
2,394
1,143
(4,131)
594
-
Commissions for Gibsons and For Us Girls
4,470
5,000
(2,980)
-
6,490
Production Funding for Frankenstein
-
-
-
48,298
48,298
30th Birthday Fundraising Activity
3,043
2,343
(5,910)
524
-
Quines Cast Fees
4,116
19,154
(23,270)
-
-
63,188
27,640
(85,456)
49,416
54,788
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
31 March 2023
£
£
£
£
£
Production Funding for Disciples
27,652
21,478
(23,175)
14,000
39,955
Sister Radio Tour
18,204
-
(15,538)
(2,666)
-
M*** Class - Video Design Fees
4,385
10,726
(5,901)
-
9,210
Funds for Marilyn Imrie Fellowships
10,000
2,680
(10,286)
-
2,394
Commissions for Gibsons and For Us Girls
-
7,450
(2,980)
-
4,470
Sexual Harrassment Campaign
2,820
-
(2,820)
-
-
30th Birthday Fundraising Activity
3,384
-
(2,269)
1,928
3,043
Hack the Patriarchy
5,000
-
-
(5,000)
-
Computer Purchase
1,000
-
1,000
-
-
Quines Cast Fees
-
25,376
21,607
347
4,116
72,445
67,710
(85,576)
8,609
63,188
STELLAR QUINES
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 30 -
15
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
2024
2024
2024
2024
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Current assets/(liabilities)
60,057
54,788
18,361
133,206
60,057
54,788
18,361
133,206
Unrestricted funds
Designated funds
Restricted funds
Total
2023
2023
2023
2023
£
£
£
£
Fund balances at 31 March 2023 are represented by:
Current assets/(liabilities)
60,323
63,188
93,748
217,259
60,323
63,188
93,748
217,259
16
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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