Principal activities of the company

In this first year the organization's efforts were focused on creating the infrastructure (bank accounts, etc.) necessary for undertaking projects.

Additional information

OBJECTIVES AND ACTIVITIES Thistledown's objects, as set out in the Articles of Association are to: Advance the arts, heritage and culture and, in particular, through: the development of new theatrical works with a view to supporting emerging talent in the performing arts; supporting emerging talent in the performing arts; supporting the work of Scottish playwrights and other theatre artists; supporting cross-cultural/multilingual theatrical work to enrich the global theatre community, bringing Scottish theatre to the world, and global theatre to Scotland; creating accessible productions of the classics of the theatrical canon that reach and connect with a broader audience; and to promote, establish, operate and/or support other projects and programmes which further similar charitable purposes. STRATEGIC REPORT Achievements and Performance It proved to be remarkably difficult to open a bank account, but we eventually succeeded with Virgin Money and the first infusion of operating funds from the parent organization was deposited in October. We have begun considering our first projects. Financial Review Thistledown Arts now has adequate funds in hand to undertake a first project and handle administrative costs. Startup costs do not appear on the books, as those were paid directly by the parent organization (Somerled Charitable Foundation.) The organization does not currently need to hold reserves, as there is no monthly payroll to be met, and very modest operating costs. Plans for Future Periods Identifying projects to support with grants and/or expertise. Designing direct charitable activities which support the development of new theatrical works and artists. Thistledown intends to pay for bookkeeping & other administrative services, rather than rely on the skills of the Trustee/Treasurer. STRUCTURE, GOVERNANCE AND MANAGEMENT Thistledown Arts was Incorporated on 10 July 2023 as a Private Company Limited by Shares under The Companies Act 2006 and is governed by Articles of Association. The parent organization ("Holding Trust") is SOMERLED CHARITABLE FOUNDATION ("Somerled" or "Somerled Arts"), a private operating foundation formed under the laws of the Commonwealth of Massachusetts in the United States by Declaration of Trust dated 4 November 2005, and registered in the states of Massachusetts (Register Number 045247) and New York (Register Number 43-03-02) and having its registered address at 233 MARSHALL STREET, DUXBURY, MA 02332-5126 USA. "Trustees" refers to the trustees of the Holding Trust (at the date of incorporation of Thistledown) and the survivors and survivor of them and their successors in office. Thistledown currently has 3 Directors (the minimum specified in Article 42, all of whom must also be trustees of the Holding Trust.) The maximum number of directors is 5. The powers of appointment, disqualification, and removal of directors are spelled out in Articles 43 - 47 of the governing document. REFERENCE AND ADMINISTRATIVE DETAILS Registered Name: Thistledown Arts Ltd. Scottish Charity Regulator (OSCR) registration #: SC052683 Companies House registration #: SC775165 Registered office: Thistledown Arts Ltd. c/o Anderson Strathern LLP George House 50 George Square Glasgow G2 1EH Scotland

This report was approved by the board of directors on 7 April 2025
and signed on behalf of the board by:

Name: Wendy Lee Macdonald
Status: Director