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Company number
:
SC
093003
|
Charity number
:
SC
015348
|
For the year ended 31 March 2020
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2020
Fablevision
Contents Page
1 to 3
Report of the Trustees
4
Independent Examiner's Report to the Trustees
5
Statement of Financial Activities
6
Statement of Financial Position
7 to 12
Notes to the Financial Statements
3
For the year ended 31 March 2020
Fablevision
Report of the Trustees
The Trustees
,
who are also directors for the purposes of company law
,
have pleasure in presenting their report and the
|
financial statements for the charitable company for the year ended
31
March
2020
.
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 the Republic of Ireland
(
FRS
|
102
) (
effective
1
January
2019
).
|
OBJECTIVES AND ACTIVITIES
Objectives and aims
Fablevision’s remit is to support sustainable cultural development (Cultural Planning) in Scotland. Fablevision and Cultural Planning Fablevision’s commitment to cultural planning spans three decades. Now in our 37th year, the charity has been testing the cultural planning model within different policy contexts from disability, social inclusion, intercultural understanding, health and education to regeneration, place making heritage, public space, jobs, training, education and employment. Always geographically rather than sectorally located, Fablevision works with grass roots partners and links with academic studies, local and international policy contexts. In 2019/20, our case study models of practice have been located in Govan (primarily with the Govan Docks Regeneration Trust and Clyde Docks Preservation Initiative). The case study of artistic interventionism around Govan’s Graving Docks has been supported by European transnational collaboration called Memory of Water with partners in Sweden, Ireland, Greece, Poland and Belgium. We have also continued our work Paisley, shifting our operational base to the Paisley Centre and working in partnership with groups throughout Renfrewshire (Creative Renfrewshire Network, Renfrewshire Tapestry and Renfrewshire Witch Hunt. Our policy collaborators have included the Scottish Government, Glasgow Life, Local People Leading, Senscot and the University of the West of Scotland. Our employability partners include SCVO, ProjectScotland and Volunteering Matters. Contracting Services During 2019/20, Fablevision contracted the services of appropriately qualified artists and cultural planners as well as financial and business development personnel to take care of business/project development, administration and finance. Trading arm, Fablevision Studios was contracted to deliver administrative services, learning programmes for people with long term conditions/long term unemployed as well as technical support, film, event management, and web/social media.
|
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
|
Volunteers
Fablevision benefits from in kind support in many areas, from local/national and international networks and partners to businesses who donate materials, equipment and other consumables. There are armies of volunteers who assist on projects from students on placement, volunteers on projects, artists who give consultancy and development time as well as the voluntary management committee and committees on various projects. Volunteer Investment Fablevision has attracted investment from several funding bodies towards activities again this year: including Creative Europe and SCVO but, as per the business plan, the charity is moving increasingly towards self sustainability with income generated through project partners and commercial services delivered by our trading arm (Fablevision Studios), profits from which are re invested in charitable activities.
|
1 of 12
4
For the year ended 31 March 2020
Fablevision
Report of the Trustees Continued
ACHIEVEMENTS AND PERFORMANCE
Significant activities
FUTURE DEVELOPMENTS Our work, going forward will continue initiatives started in Renfrewshire and Govan. In Renfrewshire, we are now well established in our Paisley Centre home and will deliver services in support of long term unemployed/people with long term conditions as well as the development of local third sector organisations. We will also deliver work with Renfrewshire Tapestry, an initiative involving creative groups focussed on textiles to create a Renfrewshire Tapestry on the scale of the great Tapestry of Scotland In Govan, we will continue our partnership Govan Docks Regeneration Trust in support of the initiative to preserve the historic docks for the future.
|
Achievements against objectives
Once again, the charity partnered SCVO as a member of a consortium delivering on the highly successful Community Jobs Scotland programme. Other parties were Job Centre Plus, Learn Direct, Project Scotland as well as European placement schemes for international volunteers and interns. Applied Research with National an International Impacts: Testing the cultural planning model within different policy contests to develop techniques and processes at neighbourhood level Fablevision has partnered with the University of the West of Scotland and members of the European River Cities Network via Memory of Water to explore approaches to post industrial waterfront areas in Europe. All of our applied projects at grass roots levels feed into these research initiatives.
|
Fablevision Trustees aim to retain adequate reserves to cover a minimum of three months of core operating costs. The end of this financial year co-incised with the outbreak of Covid19and lockdown so reserves will be severely eroded depending on how long enforced closure continues. We endeavour to maintain our services by working from home. 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. A formal risk policy is in place, approved by the Board, covering operational risk management, disaster management and business continuity. The review processes necessary to keep it updated are being implemented. Principal funding sources The core operation is funded by fees earned from our trading arm and partners, as well as fees from projects. The importance of diversifying our income streams cannot be understated in such uncertain times. We will continue to develop income in three main strands:charitable foundations, project by project funding, and by continuing to invest in the people and services offered by Fablevision Studios where operational surpluses generate donations to the Charity.
|
2 of 12
5
For the year ended 31 March 2020
Fablevision
Report of the Trustees Continued
STRUCTURE
,
GOVERNANCE AND MANAGEMENT
|
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
.
|
With a focus on developing cultural interventions in collaboration with various community partners
,
we remain committed to
|
providing training and employability
opportunities for
(
primarily but not exclusively
)
unemployed
/
people with long term
|
conditions
,
Fablevision continues to operate an appropriate social enterprise model for the delivery of its mission
.
|
The Fablevision Charity
ensures that partners and our trading arm
(
Fablevision Studios
)
share ethics and values
.
Surpluses
|
from trading are invested in the charity
,
with each partner and our trading arm specialising in one aspect of delivery
.
|
Fablevision Studios
,
a wholly owned subsidiary
,
provides work place experience opportunities for young people via various
|
clients and partners of Fablevision on commercial technical
,
film and event management service contracts
.
Studios is
|
committed to quality outputs that compete favourably in the wider market place as well as providing services to partners and
|
charity projects
.
|
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
2020
.
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
2015
).
|
Pay policy for senior staff
Directors did not receive remunerations for their services as directors. 3 directors also deliver consultancy, creative and management services for the company which are remunerated.
|
REFERENCE AND ADMINISTRATIVE INFORMATION
|
Fablevision
Charity registration number
|
SC015348
SC093003
Company registration number
|
The trustees and officers serving during the year and since the year end were as follows:
Miss L G Taylor
Mr E R Hart
Mr I P Mcgillivray
Mr J C J Taylor
Mr R D Calder
Ms E Gardiner
Taxlab
4 Glenfield
Livingston
West Lothian
EH54 7BG
3 of 12
6
For the year ended 31 March 2020
Fablevision
Report of the Trustees Continued
TSB
52-60 St. Vincent Pl.
St. Vincent Street
Glasgow
G2 5TU
.............................................................................
|
Approved by the Board of Trustees and signed on its behalf by
|
4 of 12
7
For the year ended 31 March 2020
Fablevision
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2020.
|
Responsibilities and basis of report
|
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 ('the 2005 Act') , the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 ('the 2006 Act'). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 44 (1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
|
Independent examiners statement
|
Since the Company is required by law to prepare its accounts on an accruals basis and is registered in Scotland
,
your
|
examiner must be a member of a body listed in Regulation
11
(
2
)
of the Charities Accounts
(
Scotland
)
Regulations
2006
(
as
|
amended
).
I confirm that I am qualified to undertake the examination by virtue of my membership of
,
which is one of the
|
listed bodies
.
|
I have completed my examination
.
I confirm that no matters have come to my attention in connection with the examination
|
giving me cause to believe that in any material respect
:
|
1
.
accounting records were not kept in respect of the Company as required by section
386
of the
2006
Act and Regulation
4
|
of the Charities Accounts
(
Scotland
)
Regulations
2006
(
as amended
)
;
or
|
2
.
the accounts do not accord with those records with the accounting requirements of Regulation
8
of the Charities Accounts
|
(
Scotland
)
Regulations
2006
;
or
|
3
.
the accounts do not comply with the accounting requirements of section
396
of the
2006
Act other than any requirement
|
that the accounts give a
'
true and fair view
',
which is not a matter considered as part of an independent examination
;
or
|
4
.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended
|
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
|
Financial Reporting Standard applicable in the UK and Republic of Ireland
(
FRS
102
).
|
I have no concerns and have come across no other matters in connection with the examination to which attention should be
|
drawn in this report in order to enable a proper understanding of the accounts to be reached
.
|
Taxlab
FCCA
I. Ahmed
4 Glenfield
Livingston
West Lothian
EH54 7BG
22 November 2020
5 of 12
8
For the year ended 31 March 2020
Fablevision
Statement of Financial Activities (including Income and Expenditure Account)
2019
2020
Income and endowments from
:
|
13,844
16,000
13,844
-
2
36,221
29,063
12,721
23,500
3
50,065
45,063
26,565
23,500
(31,630)
(7,914)
(39,544)
(41,704)
4/5
(39,544)
(41,704)
(7,914)
(31,630)
-
-
(18,651)
18,651
10,521
3,359
-
10,521
Total funds brought forward
|
(9,669)
(6,310)
-
(6,310)
Total funds carried forward
|
4,211
-
4,211
(6,310)
6 of 12
9
Fablevision
Statement of Financial Position
2020
2019
7,854
3,716
9
1
1
10/11
7,855
3,717
6,473
7,973
12
Debtors
1,938
8,677
8,411
16,650
Creditors
:
amounts falling due within one year
|
(11,770)
(26,194)
13
Net current assets
(3,359)
(9,544)
Total assets less current liabilities
|
4,496
(5,827)
Creditors
:
amounts falling due after more than one year
|
(285)
(483)
14
Net assets
4,211
(6,310)
-
-
Unrestricted income funds
|
4,211
(6,310)
4,211
(6,310)
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
|
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by
:
|
22 November 2020
7 of 12
10
For the year ended 31 March 2020
Fablevision
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. Fablevision meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
|
2
.
Income from donations and legacies
|
2019
2020
16,000
13,844
16,000
13,844
3
.
Income from charitable activities
|
2019
2020
Local Community Regeneration
23,500
12,721
36,221
29,063
Income from charitable
|
activities
|
4
.
Costs of charitable activities by fund type
|
2019
2020
-
7,914
40,684
7,914
Local Community Regeneration
31,630
-
1,020
31,630
Support costs
31,630
7,914
41,704
39,544
8 of 12
11
For the year ended 31 March 2020
Fablevision
Notes to the Financial Statements Continued
5
.
Costs of charitable activities by activity type
|
2019
2020
Activities
|
undertaken
|
directly
|
Local Community Regeneration
39,544
31,630
7,914
41,704
6
.
Analysis of support costs
|
2019
2020
Local Community Regeneration
|
Support cost 9
31,630
1,020
7
.
Staff costs and emoluments
|
2020
2019
4
Administration
The average number of staff during the year was 4 (2019: 4)
9 of 12
12
For the year ended 31 March 2020
Fablevision
Notes to the Financial Statements Continued
8
.
Comparative for the Statement of Financial Activities
|
2019
Income and endowments from
:
|
16,000
-
16,000
29,063
29,063
-
45,063
29,063
16,000
(12,641)
(29,063)
(41,704)
(41,704)
(29,063)
(12,641)
5,608
-
(5,608)
3,359
(5,608)
8,967
Total funds brought forward
|
(9,669)
5,608
(15,277)
Total funds carried forward
|
(6,310)
-
(6,310)
9
.
Tangible fixed assets
|
75,544
30,268
45,276
5,364
5,364
-
45,276
35,632
80,908
71,828
29,225
42,603
Charge for year
1,226
344
882
73,054
29,569
43,485
1,791
2,673
6,063
1,043
7,854
3,716
10 of 12
13
For the year ended 31 March 2020
Fablevision
Notes to the Financial Statements Continued
10
.
Analysis of movement of commercial investments
|
Investments
|
in
|
subsidiaries
|
Market value at
01
|
April
2019
|
1
Market value at
31
|
March
2020
|
1
11
.
Analysis of investments between funds as at year ended
31
March
2020
|
2019
2020
Investments in subsidiaries and
|
related undertakings
|
1
1
1
1
2020
2019
Amounts due within one year
:
|
Amounts due by group and associated undertakings
|
6,473
7,973
6,473
7,973
13
.
Creditors
:
amounts falling due within one year
|
2020
2019
680
5,593
1,236
682
-
43
Accruals and deferred income
|
9,854
19,876
11,770
26,194
11 of 12
14
For the year ended 31 March 2020
Fablevision
Notes to the Financial Statements Continued
14
.
Creditors
:
amounts falling due after more than one year
|
2020
2019
483
285
285
483
16
.
Analysis of net assets between funds
|
Investments
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
7,854
1
(3,359)
(285)
4,211
General
7,854
1
(3,359)
(285)
4,211
Investments
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
3,716
1
(9,544)
(483)
(6,310)
General
3,716
1
(9,544)
(483)
(6,310)
12 of 12