Charity registration number SC008158 (Scotland)
Company registration number SC109852 (Scotland)
ARTLINK CENTRAL LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ARTLINK CENTRAL LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr P A Gaskell (Chairperson)
V J McCusker
T J Winther (Treasurer)
Dr K A Manji
O T Jarvie
(Appointed 7 June 2024)
Charity number (Scotland)
SC008158
Company number
SC109852
Registered office and principal address
Stirling Reuse Hub
4 Borrowmeadow Road
Springkerse Industrial Estate
Stirling
United Kingdom
FK7 7UW
Independent examiner
Graham Dyer FCCA
French Duncan LLP trading as AAB
Macfarlane Gray House
Castlecraig Business Park
Springbank Road
Stirling
United Kingdom
FK7 7WT
Bankers
TSB Scotland PLC
Murray Place
Stirling
FK8 2BX
Patrons
Julia Donaldson CBE
Dame Evelyn Glennie CH DBE
ARTLINK CENTRAL LIMITED
CONTENTS
Page
Trustees' report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 18
ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

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 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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)” (second edition - October 2019) (effective 1 January 2019).

Objectives and activities

The Company's objectives are the promotion of the performing and expressive arts for people with disabilities, or who may be excluded or disadvantaged as follows:

 

 

'The Arts' includes all of the expressive and performing arts and crafts, as in dance, movement, mime and drama; music and singing; literature and storytelling; sculpture, painting and work in other visual media crafts; film; photography; animation and video and other activities in the arts.

Achievements and performance

This year has been marked by significant growth, partnerships, and impactful projects across health, education, community arts, and cultural heritage, alongside the completion and initiation of several new initiatives. Despite some challenges, Artlink Central’s commitment to inclusion and innovation in arts programming has yielded rewarding collaborations and significant community engagement.

 

Key Program Highlights

 

 

 

 

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

 

Strategic Goals and Achievements

 

  1. Inclusive Programming: With ongoing efforts to include underrepresented communities, Artlink Central’s work with CAMHS, Macrobert Arts, and NHS Forth Valley prioritised support for young people’s mental health. Extended funding proposals further include diverse community voices, while new projects like Stirling’s Remembering Together engage with marginalized groups across multiple settings.

  2. Visibility and Outreach: This year saw exhibitions that brought visibility to aging and disability representation, including Alex Rotas’s photography exhibition and a new nursing wellbeing toolkit, created in partnership with the University of Stirling. Increased social media presence, public forums, and wider engagement, such as a presentation to the Stirlingshire Voluntary Enterprise, expanded Artlink Central’s reach.

  3. Growing Partnerships: Partnerships with Stirling 900, Historic Environment Scotland, and the University of Stirling expanded Artlink’s cultural influence. Artlink's collaborations continue to reinforce community involvement and inclusion, as seen in co-hosting the Celebration Artist Symposium, launching new residency programs, and supporting engagement and planning for the Stirling 900 celebrations.

  4. Investing in Workforce Development: With a Senior Management Group, a new pay structure, CPD opportunities for artists, and investment in staff development, and human resources, Artlink Central has strengthened workforce engagement and training.

  5. Sustainable Impact: Artlink Central has worked with Engage Scotland to support the national arts sector and fostered wider accessibility in public art through projects like Our Connected Neighbourhoods. Moreover, continued consultation with funders and stakeholders, especially through the revised Stirling Cultural Strategy, demonstrates a lasting commitment to sustainable arts practices.

Challenges and Solutions

Challenges included the closure of the Option 2 Self-Directed Support Service, short-notice eviction from Camelon Community Centre, and increased costs associated with the Organ and Tissue Donation Memorial. Recruitment difficulties impacted participation in Artreach post-Covid, and project delays by local authorities required strategic planning and adaptability. Despite these obstacles, Artlink Central navigated these challenges with resilience and an eye toward sustainable solutions.

 

Financial and Operational Developments

In response to financial and operational needs, Artlink Central reviewed its finance systems to improve transparency and introduced policies to enhance pay fairness and support contracts. Our ambitious program expansion aims to solidify Artlink Central’s legacy of inclusivity and innovation.

 

Conclusion

This annual report celebrates Artlink Central’s transformative impact, creative resilience, and dedication to embedding arts within health, education, and community life. As we look forward, our vision remains steadfast: to make arts accessible, inclusive, and meaningful across Stirling and beyond.

Financial review

The current financial year resulted in a surplus of £53,947 (2023: Deficit of £7,034).

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Reserves policy

A charity must be able to meet the needs of its beneficiaries and to continue its aims into the foreseeable future. Consequently, a proportion of funds raised should be set aside as a reserve, against possible future shortfalls in income, or unexpected expenditure demands. The directors consider the level of such reserves should equate to approximately three months unrestricted expenditure. The closing balance of the general fund of £66,788 currently meet those requirements. Artlink Central has designated funds. Each designated fund represents a service level agreement with local public bodies such as Stirling Council and Forth Valley NHS. The purpose of the designated funds is to ensure Artlink is able to fulfil its contractual commitments in future periods.

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Risk management

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Future Plans

Artlink Central will look to continue the work begun in creating strong national and local projects and the impact the organisation has on local communities, whilst contributing to the wider development of work within the arts and equalities sector. This has included close working to support place development in Stirling and Falkirk and close working with the NHS and University of Stirling in particular. A key element of future planning has been the development of a new Vision and Strategic Plan for Artlink Central to take us forward.

Structure, governance and management

Governing document

The company was incorporated on 16 March 1988 and charitable operations commenced thereafter. The company is also a registered Scottish charity. It was established under the objects and powers of the charitable company and is governed by its memorandum and articles of association. In the event of the company being wound up, members are required to contribute an amount, not exceeding £1.

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr P A Gaskell (Chairperson)
V J McCusker
T J Winther (Treasurer)
Dr K A Manji
O T Jarvie
(Appointed 7 June 2024)

Recruitment and appointment of new trustees

The trustees' names are set out on page 1, together with the names of the company's professional advisors and secretary, and the address of the company's registered office.

 

The trustees regularly review the skills they require to ensure they have a balance of experience and skills relevant to the needs of the organisation and its beneficiaries. Where appropriate, suitably qualified individuals are approached to offer themselves for election.

Organisational structure

The charity has a board of trustees who meet quarterly and are responsible for strategic direction and policy. The Board has a fundraising subcommittee and forms any other sub committees when beneficial. Day to day responsibility for the provision of services rest with the Director, Kevin Harrison.

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

Induction and training of new trustees

New trustees meet with the Chairperson and are fully briefed about their future role and the organisation. They are provided with an induction pack (with copies of the Annual Report and Accounts, Memorandum of Association, constitution and OSCR Guidance for Trustees). They are also invited to attend a board meeting as an observer before deciding to become a full member. Ongoing training for trustees is currently provided on an informal basis.

Small company exemption

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Statement of trustees' responsibilities

The trustees, who are also the directors of Artlink Central Limited 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;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 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.

Dr P A Gaskell (Chairperson)
T J Winther (Treasurer)
Trustee
Trustee
Dated: 21 November 2024
Dated:21 November 2024
ARTLINK CENTRAL LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ARTLINK CENTRAL LIMITED
- 5 -

I report on the financial statements of the charity for the year ended 31 March 2024, which are set out on pages 6 to 18.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of Artlink Central Limited 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 (as amended). 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.

Graham Dyer FCCA
French Duncan LLP trading as AAB
Macfarlane Gray House
Castlecraig Business Park
Springbank Road
Stirling
FK7 7WT
United Kingdom
Dated: 21 November 2024
ARTLINK CENTRAL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
3,735
7,000
10,735
2,897
7,070
9,967
Charitable activities
3
58,566
339,203
397,769
58,977
290,139
349,116
Other trading activities
4
160
-
160
240
-
240
Investments
5
2,092
-
2,092
639
-
639
Total income
64,553
346,203
410,756
62,753
297,209
359,962
Expenditure on:
Raising funds
6
26,262
-
26,262
22,058
-
22,058
Charitable activities
7
37,376
293,171
330,547
38,933
306,005
344,938
Total expenditure
63,638
293,171
356,809
60,991
306,005
366,996
Net income/(expenditure) and movement in funds
915
53,032
53,947
1,762
(8,796)
(7,034)
Reconciliation of funds:
Fund balances at 1 April 2023
95,274
107,008
202,282
93,512
115,804
209,316
Fund balances at 31 March 2024
96,189
160,040
256,229
95,274
107,008
202,282

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ARTLINK CENTRAL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
42
258
Current assets
Debtors
14
48,659
105,433
Cash at bank and in hand
340,717
301,950
389,376
407,383
Creditors: amounts falling due within one year
15
(133,189)
(205,359)
Net current assets
256,187
202,024
Total assets less current liabilities
256,229
202,282
The funds of the charity
Restricted income funds
19
160,040
107,008
Unrestricted funds
18
96,189
95,274
256,229
202,282

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
Dr P A Gaskell (Chairperson)
T J Winther (Treasurer)
Trustee
Trustee
Company registration number SC109852 (Scotland)
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
1
Accounting policies
Charity information

Artlink Central Limited is a private company limited by guarantee incorporated in Scotland. The registered office is Stirling Reuse Hub, 4 Borrowmeadow Road, Springkerse Industrial Estate, Stirling, FK7 7UW, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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)” (second edition - October 2019) (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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 reviewed the future funding and activities of the charity. 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.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors 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.

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.

Donations and similar income

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.

 

Grants receivable and invoiced income

Grants receivable and invoiced income are credited to the Statement of Financial Activities in the year in which they are receivable.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 9 -

Investment income and similar income

Income from investments and similar sources is included in the Statement of Financial Activities in the year in which it is receivable.

 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.5
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.

 

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the Statement of Financial Activities, the charity is not registered for VAT and accordingly expenditure is shown gross.

 

Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in activities that raise funds.

 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

 

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost 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:

Computers
33% Straight Line

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
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 10 -
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.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
3,735
7,000
10,735
2,897
7,070
9,967
Donations and gifts
Gordon Fraser Charitable Trust
-
7,000
7,000
-
7,000
7,000
Caram Trust
2,000
-
2,000
2,000
-
2,000
Saints & Sinners
1,000
-
1,000
-
-
-
Other
735
-
735
897
70
967
3,735
7,000
10,735
2,897
7,070
9,967
3
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Sale of services
19,674
125,157
144,831
18,977
139,431
158,408
Grants and service level agreements
38,892
214,046
252,938
40,000
150,708
190,708
58,566
339,203
397,769
58,977
290,139
349,116
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3
Income from charitable activities
(Continued)
- 11 -
Grants and service level agreements
2024
2023
£
£
Big Lottery
56,351
18,178
NHS Forth Valley
70,702
83,990
Stirling Council
65,885
88,540
Greenspace Scotland
50,000
-
Stirling Voluntary Enterprise
10,000
-
252,938
190,708
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
160
240
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
2,092
639
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
826
640
Staff costs
25,436
21,418
26,262
22,058
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
7
Expenditure on charitable activities
2024
2023
£
£
Direct costs
Staff costs
160,872
150,880
Artist fees, support work and support workers
108,985
82,792
Materials
17,119
36,868
Travel
3,854
4,725
Other expenses
16,839
53,701
307,669
328,966
Share of support and governance costs (see note 8)
Support
22,878
15,972
330,547
344,938
Analysis by fund
Unrestricted funds
37,376
38,933
Restricted funds
293,171
306,005
330,547
344,938
8
Support costs allocated to activities
2024
2023
£
£
Staff costs
10,362
9,211
Depreciation
216
216
Other expenses
8,819
3,322
Accountancy
3,481
3,223
22,878
15,972
Analysed between:
Charitable activities
22,878
15,972
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
216
216
10
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
11
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
6
6
Employment costs
2024
2023
£
£
Wages and salaries
177,118
163,986
Social security costs
7,588
6,530
Other pension costs
11,964
10,993
196,670
181,509

The charity considers its key management personnel to comprise the trustees and the director. The total employment benefits including employer pension contributions of the key management personnel was £56,201 (2023: £52,774).

There were no employees whose annual remuneration was more than £60,000.
12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13
Tangible fixed assets
Computers
£
Cost
At 1 April 2023
649
At 31 March 2024
649
Depreciation and impairment
At 1 April 2023
391
Depreciation charged in the year
216
At 31 March 2024
607
Carrying amount
At 31 March 2024
42
At 31 March 2023
258
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
40,788
52,100
Other debtors
5,000
-
Prepayments and accrued income
2,871
53,333
48,659
105,433
15
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other taxation and social security
6,921
2,917
Deferred income
16
120,535
146,161
Trade creditors
1,029
51,936
Accruals
4,704
4,345
133,189
205,359
16
Deferred income
2024
2023
£
£
Other deferred income
120,535
146,161
2024
2023
£
£
Deferred income is included within:
Current liabilities
120,535
146,161
Movements in the year:
Deferred income at 1 April 2023
146,161
12,000
Released from previous periods
(146,161)
(12,000)
Resources deferred in the year
120,535
146,161
Deferred income at 31 March 2024
120,535
146,161

The deferred income relates to income received in advance for services to be provided during the next financial year.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
17
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
11,964
10,993

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
Stirling Forth Valley Partnership Network - Our Connected Neighbourhoods
9,948
-
-
9,948
NHS Forth Valley - SLA
25,390
40,000
(45,937)
19,453
General funds
59,936
24,553
(17,701)
66,788
95,274
64,553
(63,638)
96,189
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
Stirling Forth Valley Partnership Network - Our Connected Neighbourhoods
9,948
-
-
9,948
Forth Valley NHS - SLA
28,565
40,000
(43,174)
25,391
General funds
54,999
22,753
(17,817)
59,935
93,512
62,753
60,991
95,274

The designated funds represent service level agreement with local public bodies of which, income has been set aside to ensure Artlink is able to fulfil its contractional obligations in future periods.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
19
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
Artreach
5,500
7,000
(10,500)
2,000
Artspace - Stirling Council Social Care Contract
-
11,623
(11,623)
-
Creating Better Lives in Forth Valley (Life Changes Trust)
15,000
-
(5,823)
9,177
Our Connected Neighbourhoods (Stirling University, Life Changes Trust, Big Lottery & Scottish Voluntary Enterprise)
29,213
75,060
(35,888)
68,385
Stirling Council Culture - City Commissions
3,500
107,500
(61,000)
50,000
UK Community Fund Green Action
85
-
(85)
-
Stirling Council & Scene Stirling (City Place Partnership)
-
22,576
(22,576)
-
Stirling Schools - Therapeutic Services
10,976
27,560
(31,743)
6,793
Stirling Council - Self Directed Support Service
13,684
13,662
(15,296)
12,050
Stirling Council - Grant Management
2,500
-
(2,500)
-
Forth Valley NHS - Arts and Wellbeing Coordination
23,273
31,222
(42,860)
11,635
Remembering Together (Greenspace Scotland)
3,277
50,000
(53,277)
-
107,008
346,203
(293,171)
160,040
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19
Restricted funds
(Continued)
- 17 -
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
Artreach
5,882
7,000
(7,382)
5,500
Artspace - Stirling Council Social Care Contract
-
11,623
(11,623)
-
Commission for Forth Valley NHS Child and Adolescent Mental Health Service (CAMHS)
-
8,000
(8,000)
-
Commission for Forth Valley Women & Children Unit
-
4,000
(4,000)
-
Creating Better Lives in Forth Valley (Life Changes Trust)
15,000
-
-
15,000
Our Connected Neighbourhoods (Stirling University, Life Changes Trust & Big Lottery)
21,124
18,550
(10,461)
29,213
Stirling Council Culture - City Commissions
3,500
7,500
(7,500)
3,500
UK Community Fund Green Action
-
104,901
(104,816)
85
Stirling Council & Scene Stirling (City Place Partnership)
-
29,364
(29,364)
-
Big Lottery - Our Place Camelon Arts Community
25,381
90
(25,471)
-
Stirling Schools - Therapeutic Services
-
33,863
(22,887)
10,976
Stirling Council - Self Directed Support Service
15,500
26,128
(27,945)
13,683
Stirling Council - Grant Management
-
13,319
(10,819)
2,500
Forth Valley NHS - Arts and Wellbeing Coordination
25,975
27,871
(30,573)
23,273
See Me - Anti-Stigma Arts Fund
3,442
-
(3,442)
-
Remembering Together (Greenspace Scotland)
-
5,000
(1,722)
3,278
115,804
297,209
306,005
107,008

Projects are funded through income raised specifically for that project, augmented where necessary from general funds. There are some cases where, projects are completed in the same year that the funds are raised.

20
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
42
-
42
Current assets/(liabilities)
96,147
160,040
256,187
96,189
160,040
256,229
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20
Analysis of net assets between funds
(Continued)
- 18 -
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
258
-
258
Current assets/(liabilities)
95,016
107,008
202,024
95,274
107,008
202,282
21
Related party transactions

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

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