REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements for the Year Ended 30 June 2023 |
for |
AN COMUNN GAIDHEALACH |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements for the Year Ended 30 June 2023 |
for |
AN COMUNN GAIDHEALACH |
AN COMUNN GAIDHEALACH |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Report of the Trustees | 1 | to | 5 |
Independent Examiner's Report | 6 |
Statement of Financial Activities | 7 |
Balance Sheet | 8 | to | 9 |
Notes to the Financial Statements | 10 | to | 26 |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
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 30 June 2023. 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 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Our Mission Statement is as follows: |
An Comunn Gàidhealach promotes, develops, and celebrates the Scottish Gaelic language and its culture locally, nationally and internationally through The Royal National Mòd and Provincial Mòds. |
Tha an Comunn Gàidhealach a' brosnachadh, a' leasachadh agus a' comharrachadh cànan is cultar Gàidhlig na h-Alba aig ìre ionadail, nàiseanta is eadar-nàiseanta tron Mhòd Nàiseanta Rìoghail agus na Mòdan Ionadail. |
The aims of An Comunn Gaidhealach are to support and develop all aspects of the Gaelic language, culture, history and heritage at local, national and international levels through: |
- Promoting the use of the language in everyday community life. |
- Promoting the study and development of Gaelic language, literature, music, drama and all other related art forms. |
- Actively seeking official recognition and use of Gaelic as a living language and national asset from local, national |
and European Governments and other agencies, by co-operating with other organisations engaged in the provision |
of Gaelic language and culture. |
An Comunn Gaidhealach is non-political and non-sectarian and membership is open to anyone sharing the above objectives. |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
OBJECTIVES AND ACTIVITIES |
Significant activities |
The success of the Royal National Mòd in Perth was significant given that this was the first time since 2019 the Mòd was held as an in-person event with some online competitions running. While the number of participants was slightly down on 2019, it is clear that the Mòd is still the major annual Gaelic event for competitors and audiences. |
The President and Directors acknowledge the continuing valuable support of Bòrd na Gaidhlig and The Scottish Government, and the very generous backing of Perth and Kinross Council in delivering the 2022 event. In the planning for the Royal National Mòd in Paisley, the Trustees owe a huge debt of gratitude to both the financial and on-going practical support from Renfrewshire Council. The Trustees are grateful to Bòrd na Gaidhlig, The Scottish Government, EventScotland, and Creative Scotland for their continuing support. Warm thanks too to our principal business sector sponsor, CalMac. We also appreciate the important support which BBC Alba and Radio nan Gàidheal give to Gaelic language and culture through live and built programme transmission from the Royal National Mòd. |
The independent evaluation of the Perth Mòd showed that over 7,500 people, including almost 1,000 children attended and stimulated a high level of demand for participants to attend Paisley in October 2023. There was a direct economic impact of almost £2 million on the town from Mòd visitors and participants. While the online programme was highly valued by participants, its use was greatly reduced from the previous year for obvious reasons. The evaluation also showed that An Comunn Gàidhealach, as organiser, was highly regarded by participants. |
In addition to outstanding voluntary support to the Royal National Mòd An Comunn members and volunteers also help stage a network of annual Local Mòds (Mòdan Ionadail) throughout Scotland. These events are generously supported by their host communities, Bòrd na Gàidhlig, Local Authorities, and by An Comunn at a national level. There are currently 16 Local Mòds in our network providing a vital foundation which feeds the cultural jewel that is the Royal National Mòd. While most of these local events suffered restrictions and cancelations during the recent pandemic, a significant number are firmly back in the annual calendar again. The recent appointment of a Mòd officer will ensure an increase in the number of local Mòds over the coming years. |
An Comunn Gàidhealach's development activity is primarily targeted on supporting and assisting other Gàidhlig organisations; attendance at exhibitions and conferences; participation in cultural and arts festivals; and local branch activities. While this input is appreciated at community level we are restricted by a lack of funding. Most of our income is reserved to specific objectives around hosting The Royal National Mòd, and this impacts significantly on our ability to engage in additional development. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
In March a successful Mòd was held in New York as part of Tartan Week. It is hoped that this will become an annual event. Online participation and streaming during Covid has enabled An Comunn Gaidhealach to develop international links and the ambition is to further stream both competitions and other events at the Royal National Mòd in the future as it is clear there is a strong audience desire for this to happen. The biggest challenge to development is the challenge of public sector funding, but ambition to continue to innovate and develop our activities remains high. |
Indeed, the Sgeama Brosnachaidh Seinn initiative (online singing sessions) has run now for over a year with healthy numbers attending each session. This has enabled performance opportunities for singers and the sharing of Gaelic songs from different areas throughout Scotland to a very appreciate online audience. It is hoped to further build on this initiative. |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
FINANCIAL REVIEW |
Financial position |
Total income in the year increased to £499,803 from £476,591in the previous year. Expenditure has also increased to £539,579 from £538,994 in 2020/21. This leads to an overall net deficit for the year of £26,866 (2021: Net deficit of £77,527) including an overall surplus as a result of the market value adjustment on investments of £12,910 (2022: loss of £15,124). |
During the year, the charity has recognised actuarial gains on its defined benefit pension schemes of £100,000 in the year to 30 June 2023 (2022: actuarial gain of £368,000). |
The funds of the charity now stand at £998,179 compared to £922,777 in the previous year. |
Highland Council Pension Scheme |
In line with Board policy an FRS17 report was again requested in 2023 in order for the Board to assess if any accounting surplus or deficit existed and if any adjustments were therefore required to be made to the accounts. The position in the report has swung from one of a significant deficit of £80,000 in 2022 to one of a surplus of £5,000.in 2023.. |
The pension scheme surplus (2022 : deficit) is an accounting adjustment made in accordance with the requirements of the Charities SORP. A scheme deficit does not impact the ability of the Charity to continue to operate as a going concern, nor does it impact on the day to day operation of the charity. |
Any pension scheme deficit is a very long term liability and one which is managed by the variation of employer pension contributions over time as a result of Triennial valuations of the pension fund. |
The Board are content that the charity operations remain unaffected by the recognition of a scheme deficit. The Board will keep the pension arrangements for its staff under review and will appraise the position annually on receipt of the FRS17 report and triennially when the funding strategy report is received. |
Reserves policy |
It is the aim of An Comunn Gàidhealach to hold unrestricted reserves that are at a level that represents approximately one third of the turnover of the organisation. This is considered a prudent sum to meet the running costs of the organisation for approximately six calendar months to allow the managed withdrawal from commitments to Royal National Mòds extending to three years beyond the current year. |
This sum is estimated as being unrestricted reserves in the region of £250,000. |
In addition, it is considered prudent to hold any gains on the Scottish Voluntary Sector Pension Scheme liability as a designated pension reserve fund to mitigate any fluctuations that arise each year for all pension schemes. This designated reserve fund is to exist until such time as the liability is discharged and at that point any balance will be released to general unrestricted reserves. |
FUTURE PLANS |
Our underlying Balance Sheet is strong and we now wish to consolidate our financial position. This aim is central to the development of An Comunn Gàidhealach. We will strive to improve and strengthen The Royal National Mòd, and the local Mòd network, and play a full part in the wider development of our language and culture, within the constraints imposed upon us by our resources. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
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. |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
Director appointment and retiral is governed as follows: |
1. Five individual persons (who are members) shall be elected as Directors (the "elected directors"); |
2. Three Corporate Members shall be elected as Directors by the elected Directors (the "Corporate Directors"); |
3. Up to three individuals may be co-opted from time to time by the elected Directors and Corporate Directors (the "co-opted Directors"). |
4. Annually, the chairman of the Royal National Mòd Local Committee shall, subject to due appointment by An Comunn and in accordance with the articles of association of An Comunn, serve as a co-opted director on the board of An Comunn. They will also serve as a member of the Mòd Standing Committee. They will retire at the AGM following their local Mòd. |
5. At each Annual General Meeting one of the elected Directors shall retire from office. In the event of a lack of agreement amongst the serving Directors the retiring Director will be the longest serving in office. |
Organisational structure |
An Comunn Gàidhealach is a registered Charity and is constituted as a limited company, limited by guarantee, as defined by the Companies Act. |
An Comunn Gàidhealach is a membership-based organisation and membership is open to anyone sharing the objectives of An Comunn Gàidhealach. The organisation is supported by volunteers and has branches (Meuran) throughout Scotland and has enjoyed the support of overseas branches in the past. |
Day to day management of the Charity is delegated to the Chief Executive, Mr James Graham. |
Induction and training of new trustees |
Appointments require the approval of the Board at a General Meeting. The Board will seek appointments of suitably qualified trustees from the network of An Comunn Gàidhealach Branches, and from beyond this network if that is considered appropriate. |
The induction and training of new Trustees is undertaken, on a one to one basis, by the President and the Chief Executive of the organisation. |
Key management remuneration |
The arrangement for setting pay and remuneration of key management personnel is undertaken by the Trustees of the organisation, and based on local authority pay scales within the constraints of the Charity's budget. Such arrangements are reviewed annually by the Board. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
Trustees |
Company Secretary |
Independent Examiner |
John E Moffat BA FCA |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
Bankers |
29 Harbour Road |
Inverness |
Highland |
IV1 1NU |
Key Management Personnel |
James Graham, Chief Executive |
Advisers |
Investment Managers |
Rathbone Investment Management |
50 George Square |
Glasgow |
G2 1EH |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
An Comunn Gaidhealach |
I report on the accounts for the year ended 30 June 2023 set out on pages seven to twenty six. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
John E Moffat BA FCA |
The Institute of Chartered Accountants in England and Wales |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
1 December 2023 |
AN COMUNN GAIDHEALACH |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 30 June 2023 |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Other trading activities | 4 |
Investment income | 5 |
Total |
EXPENDITURE ON |
Raising funds | 6 |
Charitable activities | 7 |
Other |
Total |
Net gains/(losses) on investments | ( |
) |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Other recognised gains/(losses) |
Actuarial gains on defined benefit schemes |
Net movement in funds |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 922,777 |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Balance Sheet |
30 June 2023 |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 13 |
Heritage assets | 14 |
Investments | 15 |
CURRENT ASSETS |
Debtors | 16 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PENSION LIABILITY | 20 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 19 |
Unrestricted funds | 230,906 |
Restricted funds | 691,871 |
TOTAL FUNDS | 922,777 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
AN COMUNN GAIDHEALACH (REGISTERED NUMBER: SC322420) |
Balance Sheet - continued |
30 June 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
The charity is a company limited by guarantee. |
The charity is registered in Scotland. |
Registered Office: |
Unit 7A |
7 James Street |
Stornoway |
Isle of Lewis |
HS1 2QN |
Place of business: Registered Office address and also at: |
5 Mitchell's Lane |
Inverness |
IV2 3HQ |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
The presentation currency of the accounts is Pound sterling (£). |
The accounts are rounded to the nearest £1 |
Critical accounting judgements and key sources of estimation uncertainty |
Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The trustees exercise judgement in determining both the useful economic life and the likely residual value of the charity's assets. This judgement affects the rates of and charge for depreciation in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Income received in respect of future National Mods is treated as deferred income in the balance sheet and released to the Statement of Financial Activities as income received in the period in which that Mod takes place. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer & Office equipment | - |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
Heritage assets |
Heritage assets comprise the Royal National Mod trophies which are incorporated in the accounts as heritage assets at professional valuation. They were not incorporated in the accounts of the company from which the charitable activity was transferred on 1 July 2007, but are now incorporated to comply with the Statement of Recommended Practice on Accounting by Charities. |
The Trophies are included at a value based on a professional valuation in 2017. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
Until 31 March 2010 the company participated in the Scottish Voluntary Section Pension Scheme, which is a multi-employer defined benefit scheme which continues in paid-up form. As the scheme is multi-employer, where the scheme assets are co-mingled for investment purposes and benefits are paid from total scheme assets, the accounting charge for the period under FRS17 represents the employer contribution payable. |
From 1 April 2010 the company is participating in the defined benefit scheme operated by The Highland Council. |
Investments |
Investments are stated at market value at the end of the financial year. The investments comprise those held by the Trust which transferred its charitable activity to the company at 1 July 2007 and the Feill Trust which were also transferred to the new company. |
Debtors and creditors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | ACCOUNTING POLICIES - continued |
Investments |
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
Financial Instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
Basic financial instruments are initially recognised at the cost of the investment less transaction costs. At the year end, financial instruments are measured at fair value, with the changes recognised in the Statement of Financial Activities. |
Government Grants |
Income from government and other grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. |
3. | DONATIONS AND LEGACIES |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Donations | 6,103 | - |
Grants | 396,000 | - |
Subscriptions | 5,771 | - |
Royal National Mod local committee | 270 | - | 270 | 36,154 |
408,144 | - |
Grants received, included in the above, are as follows: |
30.6.23 | 30.6.22 |
£ | £ |
Local authority | 190,000 | 120,000 |
Bord na Gaidhlig | 125,000 | 107,304 |
Scottish Government | 61,000 | 60,000 |
EventScotland | 20,000 | 35,000 |
Covid -19- Local authotity | - | 6,000 |
Highlands and Islands Enterprises | - | 50,000 |
396,000 | 378,304 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
4. | OTHER TRADING ACTIVITIES |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Shop income | 421 | - |
Sponsorships | 31,467 | - | 31,467 | 22,500 |
Other income | 1,830 | - | 1,830 | 135 |
Entry fees | 14,058 | - | 14,058 | 1,895 |
Programme sales | 1,917 | - | 1,917 | 322 |
Ticket sales | 21,419 | - | 21,419 | 10,541 |
Music sales | 4,775 | - | 4,775 | 4,111 |
Royalties Received | 22 | - | 22 | 132 |
75,909 | - |
5. | INVESTMENT INCOME |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Investment income | 8,264 | 5,769 | 14,033 | 11,853 |
Deposit account interest | 1,717 | - |
9,981 | 5,769 |
6. | RAISING FUNDS |
Other trading activities |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Purchases | 345 | - |
Investment management costs |
30.6.23 | 30.6.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Portfolio management | 2,532 | 1,770 | 4,302 | 4,494 |
Aggregate amounts | 2,877 | 1,770 | 4,647 | 4,569 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
7. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see | Support |
note 8) | costs | Totals |
£ | £ | £ |
Charitable | 518,047 | 2,068 | 520,115 |
Governance costs | - | 11,339 | 11,339 |
518,047 | 13,407 | 531,454 |
8. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
30.6.23 | 30.6.22 |
£ | £ |
Staff costs | 189,650 | 227,148 |
Hire of plant and machinery | 13,757 | 12,873 |
Water and waste disposal charges | 197 | 219 |
Insurance | 10,855 | 10,597 |
Light and heat | 3,170 | 2,290 |
Telephone | 2,737 | 2,909 |
Postage and stationery | 3,981 | 2,574 |
Royal National Mod - prizes | 8,705 | 1,945 |
Royal National Mod - medals and engraving | 8,192 | 7,889 |
Royal National Mod - adjudicators and accompanists | 16,582 | 6,665 |
Royal National Mod - junior choir expenses | 515 | - |
Royal National Mod - venue hire | 67,788 | 43,179 |
Royal National Mod - marketing and promotion | 33,090 | 13,413 |
Royal National Mod - accommodation | 37,185 | 16,540 |
Royal National Mod - catering and lunches | 3,681 | 8,659 |
Royal National Mod - music print and arrange | 8,640 | 10,449 |
Royal National Mod - consultant costs | 38,139 | 45,079 |
Local Mod grants | 9,000 | 12,000 |
Repairs | 3,083 | 4,130 |
Subscriptions | 444 | 121 |
Committee expenses | - | 319 |
Miscellaneous | 1,312 | 518 |
Rent | 11,146 | 13,439 |
Training & tutor fees | - | 1,680 |
Travel & subsistence - staff | 9,637 | 2,690 |
Bank charges | 2,846 | 1,767 |
Special project costs | 4,482 | 18,138 |
Artiste fees | 14,661 | 14,297 |
Website maintenance | 11,789 | 23,835 |
Royal National Mod local committee support | - | 7,795 |
Training | 1,811 | - |
Depreciation | 972 | 1,394 |
518,047 | 514,551 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
9. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
30.6.23 | 30.6.22 |
£ | £ |
Depreciation - owned assets |
Hire of plant and machinery | 13,757 | 12,873 |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022. |
Trustees' expenses |
30.6.23 | 30.6.22 |
£ | £ |
Trustees' expenses |
11. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
30.6.23 | 30.6.22 |
Staff |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
Net gains/(losses) on investments | ( |
) | ( |
) |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Other recognised gains/(losses) |
Actuarial gains on defined benefit schemes |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | (93,308 | ) | 725,612 |
TOTAL FUNDS CARRIED FORWARD | 230,906 | 691,871 | 922,777 |
13. | TANGIBLE FIXED ASSETS |
Computer |
& Office |
equipment | Website | Totals |
£ | £ | £ |
COST |
At 1 July 2022 and 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
14. | HERITAGE ASSETS |
Total |
£ |
MARKET VALUE |
At 1 July 2022 and 30 June 2023 | 468,900 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
The Trophies were revalued by a professional valuer during the year ended 30 June 2017. |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
15. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
MARKET VALUE |
At 1 July 2022 |
Additions |
Disposals | ( |
) |
Revaluations |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 | 483,895 |
At 30 June 2022 | 473,983 |
There were no investment assets outside the UK. |
Cost or valuation at 30 June 2023 is represented by: |
Listed |
investments |
£ |
Valuation in 2023 | 483,895 |
16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Sundry debtors | 3,267 | 334 |
VAT |
Prepayments |
17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT | 904 | - |
Pension scheme | 2,862 | - |
Grants received in advance |
Accrued expenses |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
18. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.6.23 | 30.6.22 |
£ | £ |
Within one year |
The Charity leases its premises. The Inverness property main term of the lease has expired and the lease now operates monthly from April 2017 onwards. The Stornoway Property is leased on an initial 5 year term and thereafter on a year to year basis. Both offices hire telephone and photocopies systems. |
19. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.7.22 | in funds | 30.6.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 166,985 | 65,779 | 232,764 |
Designated general pension reserve | 63,921 | - | 63,921 |
65,779 |
Restricted funds |
Feill Trust | 78,867 | 151 | 79,018 |
Mod Prize and Trophy Upkeep | 11,374 | 597 | 11,971 |
Broadcasting project | 10,261 | 539 | 10,800 |
Educational Trust | 51,386 | 2,698 | 54,084 |
Mod Trophies | 468,900 | - | 468,900 |
D J Maciver Memorial Prize | 4,563 | 221 | 4,784 |
Royal National Mod Oban Local Committee |
31,756 |
1,422 |
33,178 |
Royal National Mod Inverness Local Committee |
3,859 |
209 |
4,068 |
Projects | 10 | - | 10 |
Royal National Mod Lochaber Local Committee |
16,494 |
778 |
17,272 |
Royal National Mod Western Isles Local Committee |
14,401 |
740 |
15,141 |
7,355 |
TOTAL FUNDS | 73,134 | 995,911 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
19. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 494,034 | (537,809 | ) | 109,554 | 65,779 |
Restricted funds |
Feill Trust | 1,840 | (555 | ) | (1,134 | ) | 151 |
Mod Prize and Trophy Upkeep | 326 | (101 | ) | 372 | 597 |
Broadcasting project | 294 | (91 | ) | 336 | 539 |
Educational Trust | 1,471 | (455 | ) | 1,682 | 2,698 |
D J Maciver Memorial Prize | 121 | (37 | ) | 137 | 221 |
Royal National Mod Oban Local Committee |
775 |
(240 |
) |
887 |
1,422 |
Royal National Mod Inverness Local Committee |
114 |
(35 |
) |
130 |
209 |
Royal National Mod Lochaber Local Committee |
424 |
(131 |
) |
485 |
778 |
Royal National Mod Western Isles Local Committee |
404 |
(125 |
) |
461 |
740 |
( |
) | 7,355 |
TOTAL FUNDS | ( |
) | 73,134 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
19. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.7.21 | in funds | 30.6.22 |
£ | £ | £ |
Unrestricted funds |
General fund | (126,090 | ) | 293,075 | 166,985 |
Designated general pension reserve | 32,782 | 31,139 | 63,921 |
(93,308 | ) | 324,214 | 230,906 |
Restricted funds |
Feill Trust | 82,391 | (3,524 | ) | 78,867 |
Mod Prize and Trophy Upkeep | 12,357 | (983 | ) | 11,374 |
Broadcasting project | 11,148 | (887 | ) | 10,261 |
Educational Trust | 55,826 | (4,440 | ) | 51,386 |
Mod Trophies | 468,900 | - | 468,900 |
D J Maciver Memorial Prize | 4,927 | (364 | ) | 4,563 |
Royal National Mod Oban Local Committee |
34,096 |
(2,340 |
) |
31,756 |
Royal National Mod Inverness Local Committee |
- |
3,859 |
3,859 |
Royal National Mod Perth Local Committee |
6,823 |
(6,823 |
) |
- |
Projects | 15,750 | (15,740 | ) | 10 |
Royal National Mod Lochaber Local Committee |
17,775 |
(1,281 |
) |
16,494 |
Royal National Mod Western Isles Local Committee |
15,619 |
(1,218 |
) |
14,401 |
725,612 | (33,741 | ) | 691,871 |
TOTAL FUNDS | 632,304 | 290,473 | 922,777 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
19. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 468,094 | (513,674 | ) | 338,655 | 293,075 |
Designated general pension reserve | - | - | 31,139 | 31,139 |
468,094 | (513,674 | ) | 369,794 | 324,214 |
Restricted funds |
Feill Trust | 1,355 | (552 | ) | (4,327 | ) | (3,524 | ) |
Mod Prize and Trophy Upkeep | 280 | (105 | ) | (1,158 | ) | (983 | ) |
Broadcasting project | 252 | (95 | ) | (1,044 | ) | (887 | ) |
Educational Trust | 1,267 | (476 | ) | (5,231 | ) | (4,440 | ) |
D J Maciver Memorial Prize | 104 | (39 | ) | (429 | ) | (364 | ) |
Royal National Mod Oban Local Committee |
668 |
(251 |
) |
(2,757 |
) |
(2,340 |
) |
Royal National Mod Inverness Local Committee |
3,859 |
- |
- |
3,859 |
Royal National Mod Perth Local Committee |
- |
(7,795 |
) |
972 |
(6,823 |
) |
Projects | - | (15,740 | ) | - | (15,740 | ) |
Royal National Mod Lochaber Local Committee |
365 |
(137 |
) |
(1,509 |
) |
(1,281 |
) |
Royal National Mod Western Isles Local Committee |
347 |
(130 |
) |
(1,435 |
) |
(1,218 |
) |
8,497 | (25,320 | ) | (16,918 | ) | (33,741 | ) |
TOTAL FUNDS | 476,591 | (538,994 | ) | 352,876 | 290,473 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
19. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.7.21 | in funds | 30.6.23 |
£ | £ | £ |
Unrestricted funds |
General fund | (126,090 | ) | 358,854 | 232,764 |
Designated general pension reserve | 32,782 | 31,139 | 63,921 |
(93,308 | ) | 389,993 | 296,685 |
Restricted funds |
Feill Trust | 82,391 | (3,373 | ) | 79,018 |
Mod Prize and Trophy Upkeep | 12,357 | (386 | ) | 11,971 |
Broadcasting project | 11,148 | (348 | ) | 10,800 |
Educational Trust | 55,826 | (1,742 | ) | 54,084 |
Mod Trophies | 468,900 | - | 468,900 |
D J Maciver Memorial Prize | 4,927 | (143 | ) | 4,784 |
Royal National Mod Oban Local Committee |
34,096 |
(918 |
) |
33,178 |
Royal National Mod Inverness Local Committee |
- |
4,068 |
4,068 |
Royal National Mod Perth Local Committee |
6,823 |
(6,823 |
) |
- |
Projects | 15,750 | (15,740 | ) | 10 |
Royal National Mod Lochaber Local Committee |
17,775 |
(503 |
) |
17,272 |
Royal National Mod Western Isles Local Committee |
15,619 |
(478 |
) |
15,141 |
725,612 | (26,386 | ) | 699,226 |
TOTAL FUNDS | 632,304 | 363,607 | 995,911 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
19. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 962,128 | (1,051,483 | ) | 448,209 | 358,854 |
Designated general pension reserve | - | - | 31,139 | 31,139 |
962,128 | (1,051,483 | ) | 479,348 | 389,993 |
Restricted funds |
Feill Trust | 3,195 | (1,107 | ) | (5,461 | ) | (3,373 | ) |
Mod Prize and Trophy Upkeep | 606 | (206 | ) | (786 | ) | (386 | ) |
Broadcasting project | 546 | (186 | ) | (708 | ) | (348 | ) |
Educational Trust | 2,738 | (931 | ) | (3,549 | ) | (1,742 | ) |
D J Maciver Memorial Prize | 225 | (76 | ) | (292 | ) | (143 | ) |
Royal National Mod Oban Local Committee |
1,443 |
(491 |
) |
(1,870 |
) |
(918 |
) |
Royal National Mod Inverness Local Committee |
3,973 |
(35 |
) |
130 |
4,068 |
Royal National Mod Perth Local Committee |
- |
(7,795 |
) |
972 |
(6,823 |
) |
Projects | - | (15,740 | ) | - | (15,740 | ) |
Royal National Mod Lochaber Local Committee |
789 |
(268 |
) |
(1,024 |
) |
(503 |
) |
Royal National Mod Western Isles Local Committee |
751 |
(255 |
) |
(974 |
) |
(478 |
) |
14,266 | (27,090 | ) | (13,562 | ) | (26,386 | ) |
TOTAL FUNDS | 976,394 | (1,078,573 | ) | 465,786 | 363,607 |
20. | EMPLOYEE BENEFIT OBLIGATIONS |
Scottish Voluntary Sector Pension Scheme |
Until 31 March 2010 the company participated in the Scottish Voluntary Sector Pension Scheme, which is a multi-employer defined benefit scheme which continues in paid-up form. As the scheme is multi-employer, where the scheme assets are co-mingled for investment purposes and benefits are paid from total scheme assets, the accounting charge for the period under FRS represents the employer contribution payable. |
The last formal actuarial valuation of the scheme was performed as at 30 September 2020, which revealed a shortfall of assets compared with the value of liabilities of £6.7 million (£25.937 million at 30 September 2017). The Trustees accordingly prepared a recovery plan which will require An Comunn Gaidhealach to make annual contributions from 1 April 2022 of £10,321, increasing by 3% annually. This pattern of contributions should be sufficient to eliminate the entire past service deficit arising by 31 May 2024. |
The asset and obligation breakdowns in the remainder of this note combines both the SVS scheme and the Highland Council scheme. As the SVS pension is not a crystalised scheme, we only have details relating to the liability and not the assets. Any references to pension assets will be directly related to the Highland Council scheme. Liabilities includes both Highland Council and SVSPS. |
The results for SVS alone are: |
30 June 2023 | 30 June 2022 |
Provision at start of period | 19,431 | 61,510 |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
20. | EMPLOYEE BENEFIT OBLIGATIONS - continued |
Unwinding of the discount factor (interest expense) | 478 | 443 |
Deficit contribution paid | (10,321 | ) | (10,914 | ) |
Remeasurements - impact of any change in assumptions | (107 | ) | (469 | ) |
Remeasurements - amendments to the contribution schedule | - | (31,139 | ) |
Provision at end of period | 9,481 | 19,431 |
The Highland Council Pension Fund |
From 1 July 2010 the company participates in the defined benefit scheme operated by The Highland Council Pension Fund. |
The Directors obtained an FRS17 valuation of the pension scheme as at 30 June 2022 and the results are shown below. |
The amounts recognised in the Statement of Financial Activities are as follows: |
Defined benefit |
pension plans |
30.6.23 | 30.6.22 |
£ | £ |
Current service cost | 38,000 | 72,000 |
Net interest from net defined benefit asset/liability |
3,478 |
8,443 |
Past service cost | - | - |
Gains/losses on settlements and curtailments | - | (31,608 | ) |
41,478 | 48,835 |
Actual return on plan assets | 28,000 | 14,000 |
Changes in the present value of the defined benefit obligation are as follows: |
Defined benefit |
pension plans |
30.6.23 | 30.6.22 |
£ | £ |
Opening defined benefit obligation |
Current service cost |
Contributions by scheme participants |
Interest cost |
Deficit contribution paid | (10,321 | ) | (10,914 | ) |
Benefits paid | ( |
) | ( |
) |
Remeasurements: |
Actuarial (gains)/losses from changes in financial assumptions |
(96,000 |
) |
(429,000 |
) |
Oblig other remeasurement | (4,107 | ) | (28,608 | ) |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
20. | EMPLOYEE BENEFIT OBLIGATIONS - continued |
Changes in the fair value of scheme assets are as follows: |
Defined benefit |
pension plans |
30.6.23 | 30.6.22 |
£ | £ |
Opening fair value of scheme assets |
Contributions by employer |
Contributions by scheme participants |
Expected return | 28,000 | 14,000 |
Benefits paid | ( |
) | ( |
) |
Return on plan assets (excluding interest income) |
- |
(58,000 |
) |
The amounts recognised in other recognised gains and losses are as follows: |
Defined benefit |
pension plans |
30.6.23 | 30.6.22 |
£ | £ |
Actuarial (gains)/losses from changes in financial assumptions |
96,000 |
429,000 |
Oblig other remeasurement | 4,107 | 28,608 |
Return on plan assets (excluding interest income) |
- |
(58,000 |
) |
100,107 | 399,608 |
The major categories of scheme assets as a percentage of total scheme assets are as follows: |
Defined benefit |
pension plans |
30.6.23 | 30.6.22 |
Equities | 70% | 67% |
Bonds | 10% | 11% |
Property | 15% | 17% |
Cash | 5% | 5% |
100% | 100% |
Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages): |
30.6.23 | 30.6.22 |
Discount rate (SVSPS) |
Future salary increases (Highland) |
Future pension increases (Highland) |
Discount rate (Highland Council) | 5.10% | 3.85% |
AN COMUNN GAIDHEALACH |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
21. | RELATED PARTY DISCLOSURES |
During the year, reimbursed travel expenses of £1,438 (2022: £83) were paid to Trustees. |
Allan Campbell, the outgoing President of An Comunn Gàidhealach, also sat on the Board of Bòrd na Gàidhlig. Bòrd na Gàidhlig is one of the main funders of An Comunn Gàidhealach, awarding grants totalling £125,000 in the year (2022 : £107,304). |
22. | RESTRICTED FUNDS |
The General Unrestricted fund represents the income and expenditure relating to the annual Royal National Mòd. In the previous year, the Trustees took the decision to amalgamate the Mòd Fund with the General Unrestricted Fund. |
The Broadcasting Research Fund Reserve represents the excess balance from the Recruitment Reserve (to fund the recruitment of a new chief executive) which the donor requested be invested in a broadcasting research project. |
The Educational Trust was transferred from the unincorporated association, An Comunn Gàidhealach, where it had been set up in 1972 to provide awards for the promotion of Gaelic and various Royal National Mòd prizes. |
The Mòd Prizes and Trophy Upkeep Fund is a designated fund, earmarked by the Trustees for the purchase of Royal National Mòd prizes and the upkeep of trophies. |
The Trophies Fund represents the valuation of Royal National Mòd trophies. It is essentially a revaluation reserve. |
The RNM LOC funds represent the surplus funds deposited by local organising committees (LOC) for the Royal National Mod with the charity for safekeeping, which will be returned to the LOC when the Mod returns to their locality. |
The Projects Fund represents the grant income and related expenditure in respect of restricted project funding received from Bord na Gaidhlig, the balance of funds are carried over to the next year where they will be expended as the projects conclude. |
23. | FINANCIAL INSTRUMENTS |
The carrying amounts of the charity's financial instruments are as follows: |
Financial assets measured at fair value | 30.06.23 | 30.06.22 |
Listed investments (note 17) | 486,163 | 473,983 |
The income attributable to the charity's financial instruments is £14,033 (2022: £11,852) with portfolio management fees of £4,302 (2022: £4,494). Net gains of £2,478 (2021: £1,823) are recognised in the Statement of Financial Activities. The fair value of the financial instruments is determined by the quoted market price at the year end. |