REGISTERED COMPANY NUMBER: SC133290 (Scotland)

REGISTERED CHARITY NUMBER: SC019831

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LIMELIGHT MUSIC

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

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 2025. 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

Limelight Music is a fully inclusive organisation with charitable status that exists to develop, support and promote the work of disabled practitioners in Scotland.

The company's objective is to maintain and expand Limelight Music as an accessible and inclusive hub for multi-cultural, creative music activities, for and in partnership with disabled artists; a charity where disabled people can develop their skills and ideas that will lead to the creation of professional artistic work in all areas of music and music workshopping that can be showcased to peers, the public and the mainstream arts sector - an organisation that challenges attitudes and expectations about disability arts.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The work of the company in this financial year has expanded into new areas and has been supported by new funding bodies, in addition to continuing and expanding its work with existing project partners.

A successful pilot project in South Lanarkshire, supported by the Clyde Windfarm, has given them the opportunity to extend and expand this and they are currently in the final stages of negotiating this.

They are now working with a larger group of children, and employing more new young disabled artists through their training programme, 'Undiscovered'.

This year the company completed four major new projects in Clackmannanshire, West Lothian, Renfrewshire and South Lanarkshire.

This is the final year of a three-year programme of work sponsored by The Robertson Trust, training new disabled musicians for work. They plan to successfully complete this in 2025 with a view to re-applying in 2026/2027.

In this past year over 25% of all young people participating in the company's projects had identified additional support needs. Within the company's delivery teams, around 40% of the staff have additional support needs. The company also continued contributing to the teaching portfolio of HE institutions with visiting lectures, conference presentations and virtual teaching presentations of their work (at the University of Edinburgh, Glasgow University and the Royal Conservatoire, Scotland.

Stakeholder review

The company's long partnership with West Lothian region continues to thrive. They have also successfully developed new leads and established a dialogue with councils in Glasgow, Fife and South Lanarkshire which they plan to take into contracted work in 2026.

It was highlighted in our last report that due to the current economic climate, it was vital for the company to address the developing uncertainty in the sector and continue to expand its stakeholder portfolio. The team have focussed efforts in developing new funders and this year they have been successful with FOUR significant applications from new trusts (and a number of smaller new trusts) on which the board have commended them. This is a significant step forward and demonstrates their commitment to the vision and forward planning focus.

FINANCIAL REVIEW

Financial position

At 31 March 2025 the company had reserves of £39,941 (2024 £32,793). Unrestricted reserves were £17,806 (2024 £15,843) and restricted reserves were £17,135 92024 £16,950)

Reserves policy

In 2021-2 the Charity took a significant step forward in building reserves. Their work this year in managing this has ensured that they remain in a strong position by continuing to tightly manage all financial activity through strict cost centre control and close management of all project delivery activity. As a result, the reserves remain strong with a solid three months' operating costs at their core.

Investor Portfolio and Partnerships

As highlighted above, the management team have seriously addressed the drive to find new partners and this year, in addition to continuing the Youth Music Initiative projects, new development projects from Creative Scotland and Higher Education teaching projects, they have been awarded core and project funding from The Clyde Windfarm principal fund, The Stafford Trust, The William Syson Foundation and The Garfield Weston Foundation.

FUTURE PLANS

The plan for 2025-2026 includes developing the Clyde Windfarm project into new areas, creating a major multi-disciplinary project for young adults in Glasgow City, bidding successfully for new projects in West Lothian and finding new sources of income from the National Lottery, the Carnegie Trust and training projects for their developing young team.

They will continue to work with the academic teams at the University of Edinburgh and the RCS to develop new research projects.

Their continued close financial planning and relatively strong financial position has continued to allow them to make a strong case for new and long-term investment from new identified key trusts. As before, they will continue to aim to develop new support to give more stability as the third sector economy continues to shrink and remain relatively unstable.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Trust was incorporated on 6 August 1991 and was recognised as a Scottish charity with effect from 12 April 1991.

Recruitment and appointment of new trustees

The trustees appointed on the establishment of the trust represented the minimum number required. The three most recent board members, all from the disabled community (noted practitioners in Broadcasting Journalism, Musical Health and Music Production) continue to support the growth of the sector and the company's role within it.

The process for Board Appointment and removal remain in accordance with the Trust Deed which requires that appointment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others.

Organisational structure

The company was incorporated on 6 August 1991.In 1996 the charity changed its name to Sounds of Progress and in 2009 to Limelight Music (where it has since remained), all to reflect the developing and changing focus of the company.

It has no share capital and the liability of each member is limited to £1. A board of trustees who are directors oversee and control its activities. The minimum number of directors is two and there is no maximum number. The directors serve for a term of three years when they are required to stand for re-election at the annual general meeting.

The board appoints a coordinator to undertake the day-to-day management of the company.

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

SC133290 (Scotland)

Registered Charity number

SC019831

Registered office

233 The Briggait

141 Bridgegate

Glasgow

G1 5HZ

Trustees

R A MacDonald

A M Murray

A B McCluskey

J McArdie

M McEwan

K Brown

Independent Examiner

Kathleen Benham

Kathleen Benham CA

Benham Conway & Co

Chartered Accountants

16 Royal Crescent

Glasgow

G3 7SL

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

Approved by order of the board of trustees on 30 September 2025 and signed on its behalf by:

R A MacDonald - Trustee

I report on the accounts for the year ended 31 March 2025 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

The Institute of Chartered Accountants of Scotland

Kathleen Benham CA

Benham Conway & Co

Chartered Accountants

16 Royal Crescent

Glasgow

G3 7SL

30 September 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

60,088

60,707

120,795

140,985

Investment income

2

184

-

184

171

Total

60,272

60,707

120,979

141,156

EXPENDITURE ON

Charitable activities

Adminstration expenses

2,172

-

2,172

2,232

Direct charitable expenditure

56,137

60,522

116,659

124,969

Total

58,309

60,522

118,831

127,201

NET INCOME

1,963

185

2,148

13,955

RECONCILIATION OF FUNDS

Total funds brought forward

15,843

16,950

32,793

18,838

TOTAL FUNDS CARRIED FORWARD

17,806

17,135

34,941

32,793

31.3.25

31.3.24

Notes

£

£

FIXED ASSETS

Tangible assets

7

1,422

2,154

CURRENT ASSETS

Debtors

8

434

914

Cash at bank and in hand

39,124

36,912

39,558

37,826

CREDITORS

Amounts falling due within one year

9

(6,039

)

(7,187

)

NET CURRENT ASSETS

33,519

30,639

TOTAL ASSETS LESS CURRENT LIABILITIES

34,941

32,793

NET ASSETS

34,941

32,793

FUNDS

11

Unrestricted funds

17,806

15,843

Restricted funds

17,135

16,950

TOTAL FUNDS

34,941

32,793

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 30 September 2025 and were signed on its behalf by:

R A MacDonald - Trustee

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 each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Studio equipment

-

25% on cost

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Bank interest

184

171

3.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

732

792

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.	STAFF COSTS

31.3.25

31.3.24

£

£

Wages and salaries

23,899

23,000

Other pension costs

884

838

24,783

23,838

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Staff

1

1

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

49,209

91,776

140,985

Investment income

171

-

171

Total

49,380

91,776

141,156

EXPENDITURE ON

Charitable activities

Adminstration expenses

2,232

-

2,232

Direct charitable expenditure

43,243

81,726

124,969

Total

45,475

81,726

127,201

NET INCOME

3,905

10,050

13,955

RECONCILIATION OF FUNDS

Total funds brought forward

11,938

6,900

18,838

TOTAL FUNDS CARRIED FORWARD

15,843

16,950

32,793

7.	TANGIBLE FIXED ASSETS

Motor

Studio

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024 and 31 March 2025

8,000

40,520

48,520

DEPRECIATION

At 1 April 2024

7,283

39,083

46,366

Charge for year

179

553

732

At 31 March 2025

7,462

39,636

47,098

NET BOOK VALUE

At 31 March 2025

538

884

1,422

At 31 March 2024

717

1,437

2,154

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

434

434

Tax recoverable

-

480

434

914

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Social security and other taxes

581

-

Other creditors

5,458

7,187

6,039

7,187

10.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

£

£

£

£

Fixed assets

1,422

-

1,422

2,154

Current assets

22,423

17,135

39,558

37,826

Current liabilities

(6,039

)

-

(6,039

)

(7,187

)

17,806

17,135

34,941

32,793

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

15,843

1,963

17,806

Restricted funds

Restricted

16,950

185

17,135

TOTAL FUNDS

32,793

2,148

34,941

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

60,272

(58,309

)

1,963

Restricted funds

Restricted

60,707

(60,522

)

185

TOTAL FUNDS

120,979

(118,831

)

2,148

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

11,938

3,905

15,843

Restricted funds

Restricted

6,900

10,050

16,950

TOTAL FUNDS

18,838

13,955

32,793

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

49,380

(45,475

)

3,905

Restricted funds

Restricted

91,776

(81,726

)

10,050

TOTAL FUNDS

141,156

(127,201

)

13,955

12.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025 the company was committed to making total payments under non - cancellable operating leases of £934 (2024, £934).

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.