BIRNAM ARTS

• ⚠

  Material uncertainty over going concern

  Given the extent of the working capital pressures, the trustees acknowledge that a material uncertainty exists which may cast significant doubt on the charity's ability to continue as a going concern. The trustees have nevertheless concluded that it remains appropriate to prepare the financial statements on a going concern basis. This assessment is dependent on the successful implementation of the remedial actions and the timely securing of additional funding.

• ◆

  4 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

• Turnover

  +0.6%

  £580,630 → £583,966

• Cash

  -3.6%

  £76,344 → £73,622

• Net assets

  -8.2%

  £1,352,164 → £1,240,975

• Employees

  0%

  20 → 20

• Operating profit

  +38.3%

  -£180,659 → -£111,454

• Profit before tax

  +38.2%

  -£179,965 → -£111,189

• Wages

  +18.9%

  £273,424 → £325,141

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

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

MMG Archbold Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Given the extent of the working capital pressures, the trustees acknowledge that a material uncertainty exists which may cast significant doubt on the charity's ability to continue as a going concern. The trustees have nevertheless concluded that it remains appropriate to prepare the financial statements on a going concern basis. This assessment is dependent on the successful implementation of the remedial actions and the timely securing of additional funding.”

Group structure

1. BIRNAM ARTS · parent
   1. Birnam I Limited 100% · Scotland · retail sale of merchandise, refreshments, catering, and corporate events

Significant events

• “In January 2025, the company secured Multi-Year funding from Creative Scotland for £293,000 to support organisational activity for the next three years.”
• “The operating environment presented challenges through 2024-25, with increased energy and salary costs impacting finances, leading to a critical financial position by Spring 2025.”
• “At the AGM in April 2025, the board stated the unsustainable financial position and the possibility of facility closure, prompting a radical re-think.”
• “In September 2025, the Board of Trustees launched a Transformation Project to keep Birnam Arts operational and develop a new, sustainable business model by March 2026.”

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

2

last 12 months

Officers resigned

4

last 12 months

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