FIFE CULTURAL TRUST

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Henderson Loggie LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. FIFE CULTURAL TRUST · parent
   1. Fife Cultural Services Trading Limited 100% · Scotland · commercial trading operations and investment in trading subsidiary; to compliment and support our charitable activities

Significant events

• “Sleeping Beauty, our second panto since reopening the Adam Smith Theatre, was a record-breaking success”
• “marked the venue's 125th anniversary with a civic reception and community celebration”
• “Methil Heritage Centre reopened”
• “kicked off plans to celebrate the centenary of Kirkcaldy Galleries & War Memorial in 2025 with a new fixed-term Project Curator post”
• “Adam Smith 300 Enterprise Scholarship was created in 2023 by Adam Smith Scholarships, part of Fife College...The first scholarship - marking Adam Smith's 300th anniversary - was awarded to HND Creative Industries: Television student Jeanette Sendler”
• “In 2024/25, the number of volunteers increased from 39 to 83, with an additional 11 set to join in April 2025. Last year, our dedicated volunteers contributed an impressive 2,014 hours, and by the end of March 2025, we had increased that by 64% to reach 3,297 hours”
• “Adam Smith Theatre hosted Fife's first BSL Culture Day on 1 March 2025”
• “a great partnership project with Historic Environment Scotland (HES) looking at the 400th anniversary of Great Fire of Dunfermline.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +2%

  £14,064,043 → £14,351,611

• Cash

  -14.1%

  £1,596,642 → £1,371,714

• Net assets

  -64.9%

  £3,142,458 → £1,103,592

• Employees

  +7.1%

  308 → 330

• Operating profit

  -155.5%

  -£488,084 → -£1,246,886

• Profit before tax

  -130.6%

  £583,916 → -£178,886

• Wages

  +20.6%

  £6,138,058 → £7,404,273

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers