|
Company Limited by Guarantee |
|
|
|
Company Limited by Guarantee |
Financial Statements |
Page |
|
Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the members |
8 |
Statement of financial activities (including income and expenditure account) |
12 |
Statement of financial position |
13 |
Statement of cash flows |
14 |
Notes to the financial statements |
15 |
|
Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
|
Charity registration number |
|
Company registration number |
|
Principal office and registered |
86 High Street |
office |
Forres |
Moray |
|
IV36 1NX |
|
Scotland |
|
|
||
|
||
|
||
|
||
|
(Appointed
|
|
|
(Appointed
|
|
Company secretary |
|
Auditor |
|
Chartered accountants & statutory auditor |
|
Muir Building |
|
427 Holywood Road |
|
Belfast |
|
BT4 2LT |
|
|
Charity Secretary |
|
Company Limited by Guarantee |
Independent Auditor's Report to the Members of
|
|
(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered accountants & statutory auditor |
Muir Building |
427 Holywood Road |
Belfast |
BT4 2LT |
|
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
|||
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
|
|
|
|
Charitable activities |
6 |
– |
|
|
|
Other trading activities |
7 |
|
|
|
|
-------- |
--------- |
--------- |
--------- |
||
Total income |
|
|
|
|
|
-------- |
--------- |
--------- |
--------- |
||
Expenditure on charitable activities |
8,9 |
|
|
|
|
-------- |
--------- |
--------- |
--------- |
||
Total expenditure |
|
|
|
|
|
-------- |
--------- |
--------- |
--------- |
||
-------- |
--------- |
--------- |
--------- |
|
Net income/(expenditure) and net movement in funds |
|
– |
|
(
|
-------- |
--------- |
--------- |
--------- |
|
Total funds brought forward |
|
– |
|
|
-------- |
--------- |
--------- |
--------- |
|
Total funds carried forward |
|
– |
|
|
-------- |
--------- |
--------- |
--------- |
|
|
Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
|
Note |
£ |
£ |
Debtors |
15 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
16 |
|
|
--------- |
--------- |
||
Net current assets |
|
|
|
------- |
------- |
||
Total assets less current liabilities |
|
|
|
------- |
------- |
||
Net assets |
|
|
|
------- |
------- |
||
Unrestricted funds |
|
|
|
------- |
------- |
||
Total charity funds |
19 |
|
|
------- |
------- |
||
|
|
Trustee |
|
|
Company Limited by Guarantee |
Statement of Cash Flows |
2023 |
2022 |
|
£ |
£ |
|
Net income/(expenditure) |
2,719 |
(664) |
Adjustments for: |
||
Accrued expenses/(income) |
|
(
|
Changes in: |
||
Trade and other debtors |
|
(
|
Trade and other creditors |
(
|
|
-------- |
--------- |
|
Cash generated from operations |
|
|
-------- |
--------- |
|
Net cash from operating activities |
|
|
-------- |
--------- |
|
Net increase in cash and cash equivalents |
|
|
Cash and cash equivalents at beginning of year |
276,170 |
71,655 |
--------- |
--------- |
|
Cash and cash equivalents at end of year |
|
|
--------- |
--------- |
|
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Plant and machinery |
- |
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Creative Scotland |
9,000 |
293,014 |
302,014 |
|
Highlands and Islands Enterprise |
– |
– |
– |
|
Adapt and Thrive |
– |
26,136 |
26,136 |
|
Visit Scotland |
– |
30,542 |
30,542 |
|
Dandelion |
– |
101,088 |
101,088 |
|
Quarriers |
– |
9,485 |
9,485 |
|
Trusts and foundations |
– |
6,470 |
6,470 |
|
Sponsorship |
– |
11,350 |
11,350 |
|
------- |
--------- |
--------- |
||
|
|
|
||
------- |
--------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Creative Scotland |
– |
176,493 |
176,493 |
|
Highlands and Islands Enterprise |
– |
7,485 |
7,485 |
|
Adapt and Thrive |
– |
50,874 |
50,874 |
|
Visit Scotland |
– |
15,800 |
15,800 |
|
Dandelion |
– |
– |
– |
|
Quarriers |
– |
– |
– |
|
Trusts and foundations |
– |
6,933 |
6,933 |
|
Sponsorship |
– |
2,500 |
2,500 |
|
---- |
--------- |
--------- |
||
– |
|
|
||
---- |
--------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Ticket sales and venue income |
– |
|
|
|
---- |
-------- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Ticket sales and venue income |
|
|
|
|
---- |
---- |
---- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Shop income |
23,446 |
– |
23,446 |
|
Other income |
– |
309 |
309 |
|
-------- |
---- |
-------- |
||
|
|
|
||
-------- |
---- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Shop income |
24,107 |
– |
24,107 |
|
Other income |
150 |
– |
150 |
|
-------- |
---- |
-------- |
||
|
– |
|
||
-------- |
---- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Event costs |
7,425 |
390,730 |
398,155 |
|
Administration costs |
18,702 |
124,357 |
143,058 |
|
Support costs |
3,600 |
– |
3,601 |
|
-------- |
--------- |
--------- |
||
|
|
|
||
-------- |
--------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Event costs |
14,677 |
160,297 |
174,974 |
|
Administration costs |
8,395 |
100,273 |
108,668 |
|
Support costs |
1,919 |
– |
1,919 |
|
-------- |
--------- |
--------- |
||
|
|
|
||
-------- |
--------- |
--------- |
||
Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
||
£ |
£ |
£ |
£ |
||
Event costs |
398,155 |
– |
398,155 |
174,974 |
|
Administration costs |
143,058 |
– |
143,058 |
108,668 |
|
Governance costs |
– |
3,601 |
3,601 |
1,919 |
|
--------- |
------- |
--------- |
--------- |
||
|
|
|
|
||
--------- |
------- |
--------- |
--------- |
||
2023 |
2022 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
– |
------- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Independent examination of the financial statements |
– |
1,920 |
---- |
------- |
|
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Employer contributions to pension plans |
1,942 |
935 |
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2023 |
2022 |
|
No. |
No. |
|
Number of staff |
5 |
3 |
---- |
---- |
|
Plant and machinery |
|
£ |
|
Cost |
|
At 1 February 2022 and 31 January 2023 |
|
------- |
|
Depreciation |
|
At 1 February 2022 and 31 January 2023 |
|
------- |
|
Carrying amount |
|
At 31 January 2023 |
– |
------- |
|
At 31 January 2022 |
– |
------- |
|
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
– |
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
At 1 February 2022 |
302,226 |
67,953 |
Amount released to income |
(301,789) |
(67,932) |
Amount deferred in year |
295,220 |
302,205 |
--------- |
--------- |
|
At 31 January 2023 |
295,657 |
302,226 |
--------- |
--------- |
|
At 1 February 2022 |
Income |
Expenditure |
At 31 January 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
6,336 |
32,446 |
(29,727) |
9,055 |
------- |
-------- |
-------- |
------- |
|
At 1 February 2021 |
Income |
Expenditure |
At 31 January 2022 |
|
£ |
£ |
£ |
£ |
|
General funds |
7,000 |
24,327 |
(24,991) |
6,336 |
------- |
-------- |
-------- |
------- |
|
At 1 February 2022 |
Income |
Expenditure |
At 31 January 2023 |
|
£ |
£ |
£ |
£ |
|
Festival |
– |
129,822 |
(129,822) |
– |
Creative Workshop |
– |
1,320 |
(1,320) |
– |
Youth Music |
– |
– |
– |
– |
Adapt and Thrive |
– |
26,136 |
(26,136) |
– |
Combine to Create |
– |
197,407 |
(197,407) |
– |
Digital Innovation Fund |
– |
– |
– |
– |
Unexpected Gardens |
– |
101,088 |
(101,088) |
– |
Youth Arts mentoring |
– |
16,531 |
(16,531) |
– |
Youth Arts small grants |
– |
2,756 |
(2,756) |
– |
Year of Coast and Water |
– |
– |
– |
– |
Creative Paths |
– |
9,485 |
(9,485) |
– |
Year of Stories |
– |
30,542 |
(30,542) |
– |
---- |
--------- |
--------- |
---- |
|
– |
515,087 |
(515,087) |
– |
|
---- |
--------- |
--------- |
---- |
|
At 1 February 2021 |
Income |
Expenditure |
At 31 January 2022 |
|
£ |
£ |
£ |
£ |
|
Festival |
– |
28,108 |
(28,108) |
– |
Creative Workshop |
– |
9,542 |
(9,542) |
– |
Youth Music |
– |
8,667 |
(8,667) |
– |
Adapt and Thrive |
– |
50,874 |
(50,874) |
– |
Combine to Create |
– |
58,860 |
(58,860) |
– |
Digital Innovation Fund |
– |
7,485 |
(7,485) |
– |
Unexpected Gardens |
– |
758 |
(758) |
– |
Youth Arts mentoring |
– |
9,773 |
(9,773) |
– |
Youth Arts small grants |
– |
47,244 |
(47,244) |
– |
Year of Coast and Water |
– |
39,259 |
(39,259) |
– |
Creative Paths |
– |
– |
– |
– |
Year of Stories |
– |
– |
– |
– |
---- |
--------- |
--------- |
---- |
|
– |
260,570 |
(260,570) |
– |
|
---- |
--------- |
--------- |
---- |
|
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
||
Current assets |
316,083 |
316,083 |
|
Creditors less than 1 year |
(307,028) |
(307,028) |
|
--------- |
--------- |
||
Net assets |
9,055 |
9,055 |
|
--------- |
--------- |
||
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
||
Current assets |
318,377 |
318,377 |
|
Creditors less than 1 year |
(312,041) |
(312,041) |
|
--------- |
--------- |
||
Net assets |
6,336 |
6,336 |
|
--------- |
--------- |
||
At 1 Feb 2022 |
Cash flows |
At 31 Jan 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
11,917 |
|
--------- |
-------- |
--------- |
|
|
Company Limited by Guarantee |
Notes to the Financial Statements (continued) |