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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
7 |
Statement of financial activities (including income and expenditure account) |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
98 High Street |
office |
Forres |
Moray |
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IV36 1NX |
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Scotland |
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(Resigned
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(Appointed
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Company secretary |
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Independent examiner |
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Muir Building |
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427 Holywood Road |
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Belfast |
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BT4 2LT |
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Charity Secretary |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Charitable activities |
6 |
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Other trading activities |
7 |
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Total income |
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Expenditure on charitable activities |
8,9 |
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Total expenditure |
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Net income and net movement in funds |
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Total funds brought forward |
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– |
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--------- |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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Net current liabilities |
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-------- |
------- |
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Total assets less current liabilities |
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-------- |
------- |
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Net assets |
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-------- |
------- |
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Restricted funds |
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– |
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Unrestricted funds |
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-------- |
------- |
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Total charity funds |
19 |
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-------- |
------- |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Net income |
5,590 |
2,719 |
Adjustments for: |
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Accrued (income)/expenses |
(
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Changes in: |
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Trade and other debtors |
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Trade and other creditors |
(
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(
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--------- |
-------- |
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Cash generated from operations |
(
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-------- |
-------- |
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Net cash (used in)/from operating activities |
(
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-------- |
-------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
288,087 |
276,170 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Plant and machinery |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Creative Scotland |
46,985 |
201,040 |
248,025 |
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Adapt and Thrive |
– |
– |
– |
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Visit Scotland |
– |
6,000 |
6,000 |
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Dandelion |
– |
214 |
214 |
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Quarriers |
– |
2,969 |
2,969 |
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TSI funding |
– |
18,137 |
18,137 |
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Trusts and foundations |
– |
23,704 |
23,704 |
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Sponsorship |
– |
– |
– |
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-------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Creative Scotland |
9,000 |
293,014 |
302,014 |
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Adapt and Thrive |
– |
26,136 |
26,136 |
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Visit Scotland |
– |
30,542 |
30,542 |
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Dandelion |
– |
101,088 |
101,088 |
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Quarriers |
– |
9,485 |
9,485 |
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TSI funding |
– |
– |
– |
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Trusts and foundations |
– |
6,470 |
6,470 |
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Sponsorship |
– |
11,350 |
11,350 |
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------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Ticket sales and venue income |
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---- |
------- |
------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Ticket sales and venue income |
– |
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---- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Shop income |
854 |
– |
854 |
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Other income |
132 |
1,830 |
1,962 |
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---- |
------- |
------- |
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---- |
------- |
------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Shop income |
23,446 |
– |
23,446 |
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Other income |
– |
309 |
309 |
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-------- |
---- |
-------- |
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-------- |
---- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Event costs |
31,690 |
183,067 |
214,757 |
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Administration costs |
10,408 |
69,922 |
80,330 |
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Support costs |
2,399 |
– |
2,399 |
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-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Event costs |
7,425 |
390,730 |
398,155 |
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Administration costs |
18,702 |
124,357 |
143,058 |
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Support costs |
3,600 |
– |
3,601 |
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-------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
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Event costs |
214,757 |
– |
214,757 |
398,155 |
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Administration costs |
80,330 |
– |
80,330 |
143,058 |
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Governance costs |
– |
2,399 |
2,399 |
3,601 |
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--------- |
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------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
– |
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---- |
------- |
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2024 |
2023 |
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£ |
£ |
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Independent examination of the financial statements |
2,400 |
– |
------- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Employer contributions to pension plans |
1,664 |
1,942 |
-------- |
-------- |
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-------- |
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2024 |
2023 |
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No. |
No. |
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Number of staff |
3 |
5 |
---- |
---- |
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Plant and machinery |
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£ |
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Cost |
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At 1 February 2023 and 31 January 2024 |
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------- |
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Depreciation |
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At 1 February 2023 and 31 January 2024 |
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------- |
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Carrying amount |
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At 31 January 2024 |
– |
------- |
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At 31 January 2023 |
– |
------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
– |
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Prepayments and accrued income |
|
– |
---- |
-------- |
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---- |
-------- |
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2024 |
2023 |
|
£ |
£ |
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Trade creditors |
(
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Accruals and deferred income |
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Social security and other taxes |
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Other creditors |
(
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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At 1 February 2023 |
295,657 |
302,226 |
Amount released to income |
(295,627) |
(301,789) |
Amount deferred in year |
192,540 |
295,220 |
--------- |
--------- |
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At 31 January 2024 |
192,570 |
295,657 |
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At 1 February 2023 |
Income |
Expenditure |
At 31 January 2024 |
|
£ |
£ |
£ |
£ |
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General funds |
9,055 |
48,056 |
(44,497) |
12,614 |
------- |
-------- |
-------- |
-------- |
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At 1 February 2022 |
Income |
Expenditure |
At 31 January 2023 |
|
£ |
£ |
£ |
£ |
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General funds |
6,336 |
32,446 |
(29,727) |
9,055 |
------- |
-------- |
-------- |
------- |
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At 1 February 2023 |
Income |
Expenditure |
At 31 January 2024 |
|
£ |
£ |
£ |
£ |
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Festival |
– |
17,179 |
(16,338) |
841 |
Creative Workshop |
– |
– |
– |
– |
Adapt and Thrive |
– |
– |
– |
– |
Combine to Create |
– |
197,582 |
(197,582) |
– |
Unexpected Gardens |
– |
214 |
(214) |
– |
Youth Arts mentoring |
– |
– |
– |
– |
Youth Arts small grants |
– |
– |
– |
– |
Creative Paths |
– |
2,969 |
(2,969) |
– |
Year of Stories |
– |
– |
– |
– |
Feasibility Study |
– |
17,300 |
(17,300) |
– |
Remembering Together Moray |
– |
10,100 |
(9,027) |
1,073 |
Wellbeing |
– |
837 |
(720) |
117 |
Findhorn Watershed |
– |
8,839 |
(8,839) |
– |
---- |
--------- |
--------- |
------- |
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– |
255,020 |
(252,989) |
2,031 |
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---- |
--------- |
--------- |
------- |
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At 1 February 2022 |
Income |
Expenditure |
At 31 January 2023 |
|
£ |
£ |
£ |
£ |
|
Festival |
– |
129,822 |
(129,822) |
– |
Creative Workshop |
– |
1,320 |
(1,320) |
– |
Adapt and Thrive |
– |
26,136 |
(26,136) |
– |
Combine to Create |
– |
197,407 |
(197,407) |
– |
Unexpected Gardens |
– |
101,088 |
(101,088) |
– |
Youth Arts mentoring |
– |
16,531 |
(16,531) |
– |
Youth Arts small grants |
– |
2,756 |
(2,756) |
– |
Creative Paths |
– |
9,485 |
(9,485) |
– |
Year of Stories |
– |
30,542 |
(30,542) |
– |
Feasibility Study |
– |
– |
– |
– |
Remembering Together Moray |
– |
– |
– |
– |
Wellbeing |
– |
– |
– |
– |
Findhorn Watershed |
– |
– |
– |
– |
---- |
--------- |
--------- |
---- |
|
– |
515,087 |
(515,087) |
– |
|
---- |
--------- |
--------- |
---- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Current assets |
208,820 |
2,031 |
210,851 |
|
Creditors less than 1 year |
(196,206) |
– |
(196,206) |
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--------- |
------- |
--------- |
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Net assets |
12,614 |
2,031 |
14,645 |
|
--------- |
------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Current assets |
316,083 |
– |
316,083 |
|
Creditors less than 1 year |
(307,028) |
– |
(307,028) |
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--------- |
---- |
--------- |
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Net assets |
9,055 |
– |
9,055 |
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--------- |
---- |
--------- |
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At 1 Feb 2023 |
Cash flows |
At 31 Jan 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(77,369) |
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--------- |
-------- |
--------- |
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