Company registration number SC109852 (Scotland)
Charity registration number SC008158 (Scotland)
ARTLINK CENTRAL LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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
7 Upper Craigs
Stirling
FK8 2DT
Independent examiner
Neil Robb FCCA
AAB
Macfarlane Gray House
Castlecraig Business Park
Stirling
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 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9 - 20
ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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

 

The 2024–25 year has been defined by the completion of major long-term projects, strategic partnerships, and the delivery of inclusive arts programmes across Stirling and Forth Valley. While high-profile initiatives reached culmination, including the Stirling 900 programme and the Organ and Tissue Donation Commission, the organisation also navigated increasing financial, operational, and sector pressures. Higher staff costs, reduced core funding, and a tightening third sector environment meant the year ended on a more challenging note, requiring careful management of resources and planning for sustainability.

 

Key Project Achievements

 

Remembering Together Stirling

 

 

 

Organ and Tissue Donation Commission – “Everyone, Everyday, Evermore”

 

 

 

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

 

Stirling 900 Programme

 

 

 

 

Historic Environment Scotland – Creative Engagement

 

Four inclusive projects at Stirling Castle enabled young people and community groups to creatively explore heritage:

 

 

 

 

 

These initiatives showcased Artlink Central’s expertise in inclusive co-design and heritage engagement

 

Mental Health and Social Prescribing Projects

 

 

 

Operational Context and Challenges

 

 

 

 

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Despite these pressures, Artlink Central successfully completed its long-term flagship projects, maintained strategic partnerships, and demonstrated resilience and capacity in delivering complex, community-focused programmes.

 

Strategic Impact

 

 

 

 

Financial review

The current financial year resulted in a deficit of £64,109 (2024: Surplus of £53,947).

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 £77,042 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.

 

The trustees recognise that the wider operating environment for the third sector has become increasingly challenging, with rising staff and delivery costs, reduced availability of core funding, and growing pressures on partners and funders. In light of these challenges, Artlink Central has implemented a number of forward planning measures to strengthen resilience and maintain operational capacity into 2025/26.

These measures include:

 

 

 

 

 

 

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

Through these actions and prudent financial management, the trustees are confident that the organisation will continue to meet its obligations and deliver on its charitable objectives.

 

Accordingly, the trustees continue to adopt the going concern basis in preparing the financial statements. Further details regarding this basis can be found in the Accounting Policies section of the accounts.

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.

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.

ARTLINK CENTRAL LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

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

Dr P A Gaskell (Chairperson)
T J Winther (Treasurer)
Trustee
Trustee
Dated: 26 November 2025
Dated:26 November 2025
ARTLINK CENTRAL LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ARTLINK CENTRAL LIMITED
- 6 -

I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 7 to 20.

Respective responsibilities of trustees and examiner

The charity 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 Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.

It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 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 Charities Accounts (Scotland) Regulations 2006. 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 seeking 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 the course of my examination, no matter has come to my attention

 

1. which gives me reasonable cause to believe that in any material respect the requirements:

have not been met, or

 

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

Neil Robb FCCA
AAB
Macfarlane Gray House
Castlecraig Business Park
Stirling
FK7 7WT
26 November 2025
ARTLINK CENTRAL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
3,460
7,176
10,636
3,735
7,000
10,735
Charitable activities
3
87,699
207,344
295,043
58,566
339,203
397,769
Other trading activities
4
-
-
-
160
-
160
Investments
5
2,423
-
2,423
2,092
-
2,092
Total income
93,582
214,520
308,102
64,553
346,203
410,756
Expenditure on:
Raising funds
6
35,014
-
35,014
26,262
-
26,262
Charitable activities
7
18,761
318,436
337,197
37,376
293,171
330,547
Total expenditure
53,775
318,436
372,211
63,638
293,171
356,809
Net income/(expenditure) and movement in funds
39,807
(103,916)
(64,109)
915
53,032
53,947
Reconciliation of funds:
Fund balances at 1 April 2024
96,189
160,040
256,229
95,274
107,008
202,282
Fund balances at 31 March 2025
135,996
56,124
192,120
96,189
160,040
256,229

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 2025
31 March 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
-
42
Current assets
Debtors
14
11,332
48,659
Cash at bank and in hand
205,977
340,717
217,309
389,376
Creditors: amounts falling due within one year
15
(25,189)
(133,189)
Net current assets
192,120
256,187
Total assets less current liabilities
192,120
256,229
The funds of the charity
Restricted income funds
19
56,124
160,040
Unrestricted funds
18
135,996
96,189
192,120
256,229

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 2025.

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 26 November 2025
Dr P A Gaskell (Chairperson)
T J Winther (Treasurer)
Trustee
Trustee
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
1
Accounting policies
Charity information

Artlink Central Limited is a private company limited by guarantee incorporated in Scotland. The registered office is 7 Upper Craigs, Stirling, FK8 2DT.

1.1
Basis of preparation

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.

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.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 10 -
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.

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.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations and gifts
3,460
7,176
10,636
3,735
7,000
10,735
Donations and gifts
Gordon Fraser Charitable Trust
-
2,500
2,500
-
7,000
7,000
Caram Trust
2,000
-
2,000
2,000
-
2,000
Saints & Sinners
1,250
-
1,250
1,000
-
1,000
Scotlands Gardens
-
676
676
-
-
-
William Syson Foundation
-
4,000
4,000
-
-
-
Other
210
-
210
735
-
735
3,460
7,176
10,636
3,735
7,000
10,735
3
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Sale of services
64,938
15,000
79,938
19,674
125,157
144,831
Grants and service level agreements
22,761
192,344
215,105
38,892
214,046
252,938
87,699
207,344
295,043
58,566
339,203
397,769
Grants and service level agreements
2025
2024
£
£
Big Lottery
11,620
56,351
NHS Forth Valley
70,648
70,702
Stirling Council
57,998
65,885
Greenspace Scotland
50,000
50,000
Stirling Voluntary Enterprise
-
10,000
CVS Falkrik
24,839
-
215,105
252,938
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising events
-
160
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
2,423
2,092
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity
Other fundraising costs
827
826
Staff costs
34,187
25,436
35,014
26,262
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
7
Expenditure on charitable activities
2025
2024
£
£
Direct costs
Staff costs
199,813
160,872
Artist fees, support work and support workers
39,288
108,985
Materials
9,301
17,119
Travel
4,003
3,854
Other expenses
54,355
16,839
306,760
307,669
Share of support and governance costs (see note 8)
Support
30,437
22,878
337,197
330,547
Analysis by fund
Unrestricted funds
18,761
37,376
Restricted funds
318,436
293,171
337,197
330,547
8
Support costs allocated to activities
2025
2024
£
£
Staff costs
12,366
10,362
Depreciation
41
216
Other expenses
14,552
8,819
Accountancy
3,478
3,481
30,437
22,878
Analysed between:
Charitable activities
30,437
22,878
9
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
3,478
3,481
Depreciation of owned tangible fixed assets
41
216
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
10
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
11
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
7
6
Employment costs
2025
2024
£
£
Wages and salaries
221,353
177,118
Social security costs
10,633
7,588
Other pension costs
14,380
11,964
246,366
196,670

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 £57,433 (2024: £56.201).

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.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
13
Tangible fixed assets
Computers
£
Cost
At 1 April 2024
649
At 31 March 2025
649
Depreciation and impairment
At 1 April 2024
608
Depreciation charged in the year
41
At 31 March 2025
649
Carrying amount
At 31 March 2025
-
At 31 March 2024
42
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
10,442
40,788
Other debtors
-
5,000
Prepayments and accrued income
890
2,871
11,332
48,659
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Other taxation and social security
3,817
6,921
Deferred income
16
14,158
120,535
Trade creditors
837
1,029
Other creditors
1,440
-
Accruals
4,937
4,704
25,189
133,189
16
Deferred income
2025
2024
£
£
Other deferred income
14,158
120,535
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16
Deferred income
(Continued)
- 16 -
2025
2024
£
£
Deferred income is included within:
Current liabilities
14,158
120,535
Movements in the year:
Deferred income at 1 April 2024
120,535
146,161
Released from previous periods
(120,535)
(146,161)
Resources deferred in the year
14,158
120,535
Deferred income at 31 March 2025
14,158
120,535

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

17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
14,380
11,964

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.

ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
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 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
Stirling Forth Valley Partnership Network - Our Connected Neighbourhoods
9,948
-
-
9,948
NHS Forth Valley - SLA
19,453
45,099
(15,546)
49,006
General funds
66,788
48,483
(38,229)
77,042
96,189
93,582
(53,775)
135,996
Previous year:
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

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 2025
- 18 -
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 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
Artreach
2,000
5,176
(7,176)
-
Artspace - Stirling Council Social Care Contract
-
15,691
(15,691)
-
Creating Better Lives in Forth Valley (Life Changes Trust)
9,177
-
(2,290)
6,887
Our Connected Neighbourhoods (Stirling University, Life Changes Trust, Big Lottery & Scottish Voluntary Enterprise)
68,385
99
(54,479)
14,005
Stirling Council Culture - City Commissions
50,000
-
(30,000)
20,000
Stirling Council & Scene Stirling (City Place Partnership)
-
34,339
(34,002)
337
Artreach film project
-
11,620
(11,620)
-
Stirling Schools - Therapeutic Services
6,793
27,207
(34,000)
-
Stirling Council - Self Directed Support Service
12,050
15,000
(25,880)
1,170
Forth Valley NHS - Arts and Wellbeing Coordination
11,635
30,549
(28,642)
13,542
Camelon Arts
-
24,839
(24,728)
111
Remembering Together (Greenspace Scotland)
-
50,000
(49,928)
72
160,040
214,520
(318,436)
56,124
ARTLINK CENTRAL LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19
Restricted funds
(Continued)
- 19 -
Previous year:
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

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
2025
2025
2025
£
£
£
At 31 March 2025:
Current assets/(liabilities)
135,996
56,124
192,120
135,996
56,124
192,120
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 2025
- 20 -
21
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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