REGISTERED COMPANY NUMBER: SC180590 (Scotland)

REGISTERED CHARITY NUMBER: 027396

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

FOR

FROZEN CHARLOTTE PRODUCTIONS LTD

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7

to

10

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 period 1 May 2024 to 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

Frozen Charlotte Productions is a children's theatre company dedicated to creating magical and memorable experiences for young audiences and their families. With a strong history of touring nationally and internationally, in the past decade the company has focused on embedding itself in Moray and developing long-term community connections. Our core programme consists of workshops, residencies, and performances designed to foster creativity and confidence in early childhood.

As a Company Limited by Guarantee and a registered charity (SC027396), Frozen Charlotte has a dedicated team led by Artistic Director Heather Fulton. We work in partnership with organisations such as Starcatchers, Children 1st, Ladybirds Development Group and Riff Raff Producing CIC to extend our reach and impact.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In this financial period we have:

. Toured 'Wee Tales' across Moray with our partners Ten Feet Tall Theatre

· Toured Paperbelle to Shanghai and Beijing

· Established 'Creative Play Forres' sessions for families and children from birth - three

· Produced Too Many Penguins? at Lyth Arts Centre, Lossiemouth Town Hall and Eden Court Theatre

· Secured Multi-Year Funding from Creative Scotland

The previous 23/24 financial period saw a pause in artistic output and a focus on strategic planning to ensure Frozen Charlotte's future sustainability; with the creation of a new business plan.

Our 24/25 financial period saw the benefits of this investment and a return to artistic output. We secured four of the five funding applications we submitted and were successful in being added to Creative Scotland's portfolio of multi-year funded companies, which is an important milestone for the future sustainability of the company.

Wee Tales

We secured £10,000 from the UK Shared Prosperity Fund administrated through Moray Council in the 23/24 financial period. This allowed us to tour Wee Tales with our Aberdeen based partners Ten Feet Tall Theatre. We took the performance to seven locations in Moray and one in Aberdeen. These included four Moray libraries and three heritage centres. The show was very well received and 250 people saw the show over 15 performances. The project allowed us to employ two locally based actors, producing partners Riff Raff and a local costume/prop designer.

Paperbelle

Paperbelle was presented for a five-week run in two venues in China (Shanghai and Beijing) in July and August 2024. We returned to work with our presenting partners Arts Space for Kids (ASK) and the show being seen by 4000 people. This brought in a fee of £2800 for the company, royalties to the creating artists and an online rehearsal fee to Artistic Director Heather Fulton.

Creative Play Forres

Having secured £8,600 from the UK Shared Prosperity Fund, we were able to run 12 sessions between October 2024 and March 2025 for families with children aged 3 and under in Forres. Our aim for this project was to attract families facing barriers to attending groups such as: financial; transport; additional support needs and low confidence. To recruit we worked with third sector organisations such as Children 1st, Step by Step, Latenum and Moray Council's Early Years Team. Over the 12 sessions we built up a group or regular attendees and offered a selection of multi-art form experiences including: music; visual art; object play and outdoor exploratory play. As part of the funding Artistic Director Heather Fulton accompanied three of Moray Council's Early Years Team to a Starcatchers Right Start Early Years Symposium in Stirling in March 2025. The symposium focused on Babies Rights and was successful in identifying shared values and ambitions and developing a positive working relationship between Frozen Charlotte and the Moray Council Team. This resulted in Heather Fulton being asked to present the work of the company at Moray Council's Early Years Quarterly Meeting in April 2025 and the Under 2's quarterly meeting in May 2025.

Securing Multi-Year Funding will enable us to continue Creative Play into the 25-26 financial period.

Too Many Penguins

Successfully securing £43,869 from the Creative Scotland Open Fund, we were able to present our award winning show Too Many Penguins? for eleven performances at Lyth Arts Centre in Wick; nine performances in Lossiemouth Town Hall and thirteen performances at Eden Court Theatre in Inverness. In total the production was seen by 1706 people.The performances achieved our aim of presenting some of our best work to audiences in the North and making the company more visible to these audiences. We received great local press coverage, with a feature on the company and our work in the North East.

FINANCIAL REVIEW

Financial position

During the period the charity had income of £96,220 ( 2024 £1,148) and expenditure of £73,799 (2024 £22,878) .

As a result the charity made a surplus of £22,421 (2024 a loss of £21,730) .Where applicable, the charity takes full advantage of the Theatre Tax Relief scheme.

Reserves policy

The Trustees consider that the fixed costs on an annual basis are circa £10,000 and therefore aim to have this as the unrestricted reserves level. The unrestricted reserves of the charity are £23,745 (2024 £1,789 ).

FUTURE PLANS

We were successful in becoming one of Creative Scotland's national portfolio companies. This provides the company with financial security from 2025-2027 and allows us to employ a core staff on a part-time basis.

However, the challenge of the funding was that we received less than we had requested. For 25/26 we requested £115,000 but only received £74,750 - 65% of the budget - this has led us to having to significantly rework our plans for year 25/26.For year two 26/27 this increases to £97,750 which is 85% of our £115,000 budget and is repeated in year three 27/28 at the same rate.Going forward we continue to invest significant resources into fundraising, rather than delivery and the company's ability to deliver a consistent programme in Moray is dependant on successfully fundraising funds and partnership working.

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.

Recruitment and appointment of new trustees

The charity has a policy in place whereby the constitution of the board of trustees is reviewed on a regular basis. The trustees undertake an informal skills audit with a view to appointing new members.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC180590 (Scotland)

Registered Charity number

027396

Registered office

The Wards

Roseisle

Elgin

Trustees

D Russell-Fitzgerald Principle Teacher Of Guidance

H Fulton Artistic Director

D Howard Radio Reporter & Producer

T Till

R Byrne

Independent Examiner

Kathleen Benham CA

Benham Conway & Co

Chartered Accountants

16 Royal Crescent

Glasgow

G3 7SL

Approved by order of the board of trustees on 11 December 2025 and signed on its behalf by:

H Fulton - Trustee

I report on the accounts for the period 1 May 2024 to 31 March 2025 set out on pages five to ten.

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 CA

The Institute of Chartered Accountants of Scotland

Kathleen Benham CA

Benham Conway & Co

Chartered Accountants

16 Royal Crescent

Glasgow

G3 7SL

11 December 2025

Period

1.5.24

to

Year Ended

31.3.25

30.4.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

20,714

62,469

83,183

177

Charitable activities

Charitable activities

13,037

-

13,037

971

Total

33,751

62,469

96,220

1,148

EXPENDITURE ON

Charitable activities

Charitable activities

11,795

62,004

73,799

22,878

NET INCOME/(EXPENDITURE)

21,956

465

22,421

(21,730

)

RECONCILIATION OF FUNDS

Total funds brought forward

1,789

2,877

4,666

26,396

TOTAL FUNDS CARRIED FORWARD

23,745

3,342

27,087

4,666

31.3.25

30.4.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

5

26,308

3,342

29,650

-

Cash at bank

2,009

-

2,009

16,266

28,317

3,342

31,659

16,266

CREDITORS

Amounts falling due within one year

6

(4,572

)

-

(4,572

)

(11,600

)

NET CURRENT ASSETS

23,745

3,342

27,087

4,666

TOTAL ASSETS LESS CURRENT LIABILITIES

23,745

3,342

27,087

4,666

NET ASSETS

23,745

3,342

27,087

4,666

FUNDS

7

Unrestricted funds

23,745

1,789

Restricted funds

3,342

2,877

TOTAL FUNDS

27,087

4,666

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

The members have not required the company to obtain an audit of its financial statements for the period 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 11 December 2025 and were signed on its behalf by:

H Fulton - 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.

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.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 March 2025 nor for the year ended 30 April 2024.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 March 2025 nor for the year ended 30 April 2024.

3.	STAFF COSTS

There were no employees in the current year or the previous year.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

177

-

177

Charitable activities

Charitable activities

971

-

971

Total

1,148

-

1,148

EXPENDITURE ON

Charitable activities

Charitable activities

22,878

-

22,878

NET INCOME/(EXPENDITURE)

(21,730

)

-

(21,730

)

RECONCILIATION OF FUNDS

Total funds brought forward

23,519

2,877

26,396

TOTAL FUNDS CARRIED FORWARD

1,789

2,877

4,666

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.4.24

£

£

Other debtors

29,650

-

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.4.24

£

£

Other creditors

4,572

11,600

7.	MOVEMENT IN FUNDS

Net

movement

At

At 1.5.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

1,789

21,956

23,745

Restricted funds

Restricted Fund

2,877

465

3,342

TOTAL FUNDS

4,666

22,421

27,087

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

33,751

(11,795

)

21,956

Restricted funds

Restricted Fund

62,469

(62,004

)

465

TOTAL FUNDS

96,220

(73,799

)

22,421

Comparatives for movement in funds

Net

movement

At

At 1.5.23

in funds

30.4.24

£

£

£

Unrestricted funds

General fund

23,519

(21,730

)

1,789

Restricted funds

Restricted Fund

2,877

-

2,877

TOTAL FUNDS

26,396

(21,730

)

4,666

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,148

(22,878

)

(21,730

)

TOTAL FUNDS

1,148

(22,878

)

(21,730

)

8.	RELATED PARTY DISCLOSURES

During the period to 31 March 2025, H Fulton, trustee, invoiced the charity £14,507 ( 2024 £7,851 )for services rendered.