IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1332902023-03-31SC1332902024-03-31SC1332902023-04-012024-03-31SC1332902022-03-31SC1332902022-04-012023-03-31SC1332902023-03-31SC133290ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC133290ns15:PoundSterling2023-04-012024-03-31SC133290ns11:FRS1022023-04-012024-03-31SC133290ns11:IndependentExaminationCharity2023-04-012024-03-31SC133290ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC133290ns11:FullAccounts2023-04-012024-03-31SC133290ns11:CharitiesSORP2023-04-012024-03-31SC133290ns16:EnglandWales2023-04-012024-03-31SC133290ns11:RegisteredOffice2023-04-012024-03-31SC133290ns0:Trustee12023-04-012024-03-31SC133290ns0:Trustee22023-04-012024-03-31SC133290ns0:Trustee32023-04-012024-03-31SC133290ns0:Trustee42023-04-012024-03-31SC133290ns0:Trustee52023-04-012024-03-31SC133290ns0:Trustee62023-04-012024-03-31SC133290ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC133290ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC133290ns0:Activity82023-04-012024-03-31SC133290ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC133290ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC133290ns0:Activity82022-04-012023-03-31SC133290ns0:Activity92023-04-012024-03-31SC133290ns0:TotalUnrestrictedFundsns0:Activity92023-04-012024-03-31SC133290ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC133290ns0:Activity92022-04-012023-03-31SC133290ns0:Activity102023-04-012024-03-31SC133290ns0:TotalUnrestrictedFundsns0:Activity102023-04-012024-03-31SC133290ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC133290ns0:Activity102022-04-012023-03-31SC133290ns0:TotalUnrestrictedFunds2023-03-31SC133290ns0:TotalRestrictedIncomeFunds2023-03-31SC133290ns0:TotalUnrestrictedFunds2024-03-31SC133290ns0:TotalRestrictedIncomeFunds2024-03-31SC133290ns10:WithinOneYear2024-03-31SC133290ns10:WithinOneYear2023-03-31SC133290ns10:MotorVehicles2023-04-012024-03-31SC133290ns10:ComputerEquipment2023-04-012024-03-31SC13329022023-04-012024-03-31SC133290ns10:OwnedAssets2023-04-012024-03-31SC133290ns10:OwnedAssets2022-04-012023-03-31SC133290ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC133290ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC133290ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC133290ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC133290ns0:TotalUnrestrictedFundsns0:Activity92022-04-012023-03-31SC133290ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC133290ns0:TotalUnrestrictedFundsns0:Activity102022-04-012023-03-31SC133290ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC133290ns10:MotorVehicles2023-03-31SC133290ns10:ComputerEquipment2023-03-31SC133290ns10:MotorVehicles2024-03-31SC133290ns10:ComputerEquipment2024-03-31SC133290ns10:MotorVehicles2023-03-31SC133290ns10:ComputerEquipment2023-03-31
REGISTERED COMPANY NUMBER: SC133290 (Scotland)
REGISTERED CHARITY NUMBER: SC019831














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LIMELIGHT MUSIC

LIMELIGHT MUSIC

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

LIMELIGHT MUSIC (REGISTERED NUMBER: SC133290)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2024



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 31 March 2024. 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
Limelight Music is a fully inclusive organisation with charitable status that exists to develop, support and promote the work of disabled practitioners in Scotland.
The company's objective is to maintain and expand Limelight Music as an accessible and inclusive hub for multi-cultural, creative music activities, for and in partnership with disabled artists; a charity where disabled people can develop their skills and ideas that will lead to the creation of professional artistic work in all areas of music and music workshopping that can be showcased to peers, the public and the mainstream arts sector - an organisation that challenges attitudes and expectations about disability arts.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year the company completed two major projects - one for the first time in secondary schools, and one through their partnership with the Clyde Windfarm in South Lanarkshire.
In central Scotland, their partnership with West Lothian continued with two new projects in 12 Primary schools.

The company also continued their work sponsored by The Robertson Trust, training new disabled musicians for work. This was further enhanced by a substantial project supported from Creative Scotland, resulting in a doubling of number of new trainees, w finding their way into work.
As in the past, over 25% of all young people participating in the company's projects had additional support needs. The company also continued contributing to the teaching portfolio of HE institutions with visiting lectures, conference presentations and virtual teaching presentations of their work.
Stakeholder review
The company's long partnership with West Lothian region continued with 2 new projects.
With the current uncertainty with available funding in the third sector, this year found the company developing a number of new sources with small amounts of support, which will still create the opportunity for growth.
The company successfully completed the second stage and is now moving in to year 3 of a 3-year project with the Robertson Trust.
It remains vital for the company to address the developing uncertainty in the sector and continue to grow its stakeholder portfolio. The Board will continue to provide support where possible. It must remain a key focus for the coming year.

FINANCIAL REVIEW
Reserves policy
In 2021-2 the Charity took a significant step forward in building reserves. This year once again has ensured that they remain in a strong position by continuing to tightly manage all financial activity through strict cost centre control and close management of all project delivery activity. As a result, the reserves remain strong.

Investor Portfolio and Partnerships

The company continues to build on strong partnerships with Creative Scotland, The Youth Music Initiative Programme, The National Lottery, The Robertson Trust and The Clyde Windfarm Trust. As the 3-year support from Robertson reaches its final year, they must endeavour to find another long-term partner.


LIMELIGHT MUSIC (REGISTERED NUMBER: SC133290)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2024


FUTURE PLANS
The company has been unable to move forward with their plan to realise the potential of the next phase of the large-scale Music as Social Innovation Project, developed with the University of Edinburgh. This has been primarily due to the research support strategy being delayed. This must remain a key focus and we recommend that the company drives this as much as possible in the coming year.

Their strong financial position has continued to help them to make a strong case for new and long-term investment from key trusts. As noted above however, their aim must now be to find new support to give more stability in this ever-changing and increasingly unstable third sector economy.

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.

The Trust was incorporated on 6 August 1991 and was recognised as a Scottish charity with effect from 12 April 1991.

Recruitment and appointment of new trustees
The trustees appointed on the establishment of the trust represented the minimum number required. The three most recent board members, all from the disabled community (noted practitioners in Broadcasting Journalism, Musical Health and Music Production) continue to support the growth of the sector and the company's role within it.

The process for Board Appointment and removal remain in accordance with the Trust Deed which requires that appointment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others.

Organisational structure
The company was incorporated on 6 August 1991. It has no share capital and the liability of each member is limited to £1. A board of trustees who are directors oversee and control its activities. The minimum number of directors is two and there is no maximum number. The directors serve for a term of three years when they are required to stand for re-election at the annual general meeting.

The board appoints a coordinator to undertake the day-to-day management of the company.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC133290 (Scotland)

Registered Charity number
SC019831

Registered office
233 The Briggait
141 Bridgegate
Glasgow
G1 5HZ

Trustees
R A MacDonald
A M Murray
A B McCluskey
J McArdie
M McEwan
K Brown

LIMELIGHT MUSIC (REGISTERED NUMBER: SC133290)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Kathleen Benham
Kathleen Benham CA
Benham Conway & Co
Chartered Accountants
16 Royal Crescent
Glasgow
G3 7SL

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 15 August 2024 and signed on its behalf by:





R A MacDonald - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LIMELIGHT MUSIC (REGISTERED NUMBER: SC133290)



I report on the accounts for the year ended 31 March 2024 set out on pages five to thirteen.

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.








Kathleen Benham
The Institute of Chartered Accountants of Scotland

Kathleen Benham CA
Benham Conway & Co
Chartered Accountants
16 Royal Crescent
Glasgow
G3 7SL

15 August 2024

LIMELIGHT MUSIC

STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 49,209 91,776 140,985 127,259

Charitable activities
Earned Income - - - 18,350

Investment income 2 171 - 171 45
Total 49,380 91,776 141,156 145,654

EXPENDITURE ON
Charitable activities
Adminstration expenses 2,232 - 2,232 1,980
Direct charitable expenditure 43,243 81,726 124,969 145,552
Total 45,475 81,726 127,201 147,532

NET INCOME/(EXPENDITURE) 3,905 10,050 13,955 (1,878 )


RECONCILIATION OF FUNDS
Total funds brought forward 11,938 6,900 18,838 20,716

TOTAL FUNDS CARRIED FORWARD 15,843 16,950 32,793 18,838

LIMELIGHT MUSIC (REGISTERED NUMBER: SC133290)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 7 2,154 1,620

CURRENT ASSETS
Debtors 8 914 212
Cash at bank and in hand 36,912 26,618
37,826 26,830

CREDITORS
Amounts falling due within one year 9 (7,187 ) (9,612 )

NET CURRENT ASSETS 30,639 17,218

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,793

18,838

NET ASSETS 32,793 18,838
FUNDS 11
Unrestricted funds 15,843 11,938
Restricted funds 16,950 6,900
TOTAL FUNDS 32,793 18,838

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


LIMELIGHT MUSIC (REGISTERED NUMBER: SC133290)

BALANCE SHEET - continued
31 March 2024

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 15 August 2024 and were signed on its behalf by:





R A MacDonald - Trustee

LIMELIGHT MUSIC

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. 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.

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Motor vehicles - 25% on reducing balance
Studio equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


LIMELIGHT MUSIC

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Bank interest 171 45

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 792 540

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


5. STAFF COSTS
31.3.24 31.3.23
£    £   
Wages and salaries 23,000 20,890
Other pension costs 838 1,373
23,838 22,263

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Staff 1 1

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 46,175 81,084 127,259

Charitable activities
Earned Income - 18,350 18,350

Investment income 45 - 45
Total 46,220 99,434 145,654


LIMELIGHT MUSIC

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
EXPENDITURE ON
Charitable activities
Adminstration expenses 1,980 - 1,980
Direct charitable expenditure 45,478 100,074 145,552
Total 47,458 100,074 147,532

NET INCOME/(EXPENDITURE) (1,238 ) (640 ) (1,878 )


RECONCILIATION OF FUNDS
Total funds brought forward 13,176 7,540 20,716

TOTAL FUNDS CARRIED FORWARD 11,938 6,900 18,838

7. TANGIBLE FIXED ASSETS
Motor Studio
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 8,000 39,194 47,194
Additions - 1,326 1,326
At 31 March 2024 8,000 40,520 48,520
DEPRECIATION
At 1 April 2023 7,044 38,530 45,574
Charge for year 239 553 792
At 31 March 2024 7,283 39,083 46,366
NET BOOK VALUE
At 31 March 2024 717 1,437 2,154
At 31 March 2023 956 664 1,620


LIMELIGHT MUSIC

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 434 212
Tax recoverable 480 -
914 212

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other taxes - 1,034
Other creditors 7,187 8,578
7,187 9,612

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 2,154 - 2,154 1,620
Current assets 20,876 16,950 37,826 26,830
Current liabilities (7,187 ) - (7,187 ) (9,612 )
15,843 16,950 32,793 18,838

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 11,938 3,905 15,843

Restricted funds
Restricted 6,900 10,050 16,950

TOTAL FUNDS 18,838 13,955 32,793

LIMELIGHT MUSIC

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 49,380 (45,475 ) 3,905

Restricted funds
Restricted 91,776 (81,726 ) 10,050

TOTAL FUNDS 141,156 (127,201 ) 13,955


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 13,176 (1,238 ) 11,938

Restricted funds
Restricted 7,540 (640 ) 6,900

TOTAL FUNDS 20,716 (1,878 ) 18,838

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 46,220 (47,458 ) (1,238 )

Restricted funds
Restricted 99,434 (100,074 ) (640 )

TOTAL FUNDS 145,654 (147,532 ) (1,878 )


LIMELIGHT MUSIC

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


12. OTHER FINANCIAL COMMITMENTS

At 31 March 2024 the company was committed to making total payments under non - cancellable operating leases of £934 (2023, £934).

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.