Ayr Gaiety Partnership
Latest income
£2.0m
Latest spending
£2.1m
Accounts read
FY2025
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £110,836 for the year ended 31 December 2025, resulting in a decrease in total funds. The trustees note that unrestricted reserves are significantly depleted and that the organization's continued viability is largely dependent on support from Creative Scotland and South Ayrshire Council. The auditors have issued an emphasis of matter regarding a material uncertainty related to going concern, noting that failure to achieve anticipated funding levels may cast significant doubt on the charity's ability to continue operating.
What the accounts disclose
Going concern: material uncertainty disclosed
“The circumstances outlined indicate that should the anticipated funding levels not be achieved; this may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from the date the financial statements are authorised for issue.” — page 7
Per FY2025 accounts as filed with OSCR.
Payments to trustees: Fees of £5,220 were paid to the Interim Chief Executive S Rennie for services provided. Remuneration was also paid to J Gilmour for the position of Chief Executive.
“In addition, fees of £5,220 were paid to the Interim Chief Executive S Rennie for services provided.”
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Reserves policy: three months of unrestricted expenditure (held: £158k)
“The Trustees view unrestricted reserves to cover all overhead (including staffing) expenditure for a three month period to be a minimum desirable position.” — page 4
Per FY2025 accounts as filed with OSCR.
Independent examiner: McLay, McAlister & McGibbon LLP
Per FY2025 accounts as filed with OSCR.