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Company Limited by Guarantee |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the members |
9 |
Statement of financial activities (including income and expenditure account) |
13 |
Statement of financial position |
14 |
Statement of cash flows |
15 |
Notes to the financial statements |
16 |
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Known as 'GMAC Film' |
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 |
5th Floor |
office |
103 Trongate |
Glasgow |
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G1 5HD |
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Scotland |
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(Resigned
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(Appointed
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(Appointed
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(Resigned
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(Resigned
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(Resigned
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(Resigned
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(Resigned
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(Appointed
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(Appointed
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(Appointed
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(Served from
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(Appointed
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Auditor |
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Chartered accountants & statutory auditor |
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Mercantile Chambers |
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53 Bothwell Street |
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Glasgow |
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G2 6TB |
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Bankers |
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PO Box 250 |
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Skelmersdale |
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WN8 6WT |
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Trustee |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Mercantile Chambers |
53 Bothwell Street |
Glasgow |
G2 6TB |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
|||
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Other trading activities |
6 |
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--------- |
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--------- |
--------- |
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Total income |
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--------- |
--------- |
--------- |
--------- |
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Expenditure on charitable activities |
7,8 |
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--------- |
--------- |
--------- |
--------- |
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Total expenditure |
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--------- |
--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
--------- |
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Net income/(expenditure) |
(
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|
|
(
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--------- |
--------- |
--------- |
--------- |
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Transfers between funds |
(29,246) |
29,246 |
– |
– |
--------- |
--------- |
--------- |
--------- |
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Net movement in funds |
(
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|
(
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Total funds brought forward |
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--------- |
--------- |
--------- |
--------- |
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Total funds carried forward |
(
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--------- |
--------- |
--------- |
--------- |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
|
Note |
£ |
£ |
Tangible fixed assets |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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-------- |
--------- |
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Creditors: amounts falling due within one year |
16 |
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-------- |
--------- |
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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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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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Known as 'GMAC Film' |
Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
|
£ |
£ |
|
Net income/(expenditure) |
21,913 |
(43,205) |
Adjustments for: |
||
Depreciation of tangible fixed assets |
|
|
Accrued expenses |
|
– |
Changes in: |
||
Trade and other debtors |
(
|
(
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Trade and other creditors |
(
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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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Proceeds from borrowings |
(
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-------- |
-------- |
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Net cash (used in)/from financing 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 |
54,937 |
35,370 |
-------- |
-------- |
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Cash and cash equivalents at end of year |
|
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-------- |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Notes to the Financial Statements |
Technical Equipment |
- |
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Computer & Software |
- |
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Office & Other Equipment |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Donations |
118 |
10 |
128 |
|
Grants |
166,438 |
376,044 |
542,482 |
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--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Donations |
3,429 |
2,491 |
5,920 |
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Grants |
248,444 |
271,331 |
519,775 |
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--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
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Grant |
2024 |
2023 |
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£ |
£ |
|||
Glasgow City Council |
– |
20,000 |
||
BFI Film Academy |
20,000 |
17,000 |
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CashBack |
78,895 |
– |
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Screen Scotland - Pathway Programme |
24,148 |
175,852 |
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Screen Scotland - Reimbursement |
– |
5,040 |
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Film Access Scotland |
– |
2,652 |
||
Screen Scotland - Little Pictures |
173,504 |
138,651 |
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Curious About Film Club Funding |
– |
2,990 |
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RCS |
– |
264 |
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Robertson Trust |
28,601 |
29,900 |
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Screen Education Schools |
– |
17,606 |
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Screen Skills |
10,686 |
18,000 |
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Screen Start BBC |
6,801 |
18,199 |
||
Screen Start Glasgow City Council Economic Development Fund |
18,328 |
31,672 |
||
SPP Screen Education |
4,748 |
15,506 |
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University of Glasgow |
50,166 |
11,443 |
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Kirkintilloch Transactions |
5,416 |
– |
||
Screen Scotland - Screen Education - Creative Director |
8,688 |
– |
||
WACPro |
7,500 |
– |
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Other |
105,001 |
15,000 |
||
--------- |
--------- |
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542,482 |
519,775 |
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--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Office Rental |
21,684 |
– |
21,684 |
|
Hires |
812 |
– |
812 |
|
Other Earned Income |
20,525 |
3,184 |
23,709 |
|
-------- |
------- |
-------- |
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-------- |
------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Office Rental |
17,005 |
– |
17,005 |
|
Hires |
287 |
– |
287 |
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Other Earned Income |
9,583 |
– |
9,583 |
|
-------- |
---- |
-------- |
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– |
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-------- |
---- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Operation of Media Access Centre |
217,662 |
337,148 |
554,810 |
|
Support costs |
12,092 |
– |
12,092 |
|
--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Operation of Media Access Centre |
230,901 |
356,916 |
587,817 |
|
Support costs |
7,958 |
– |
7,958 |
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--------- |
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--------- |
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--------- |
--------- |
--------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
£ |
||
Operation of Media Access Centre |
554,810 |
9,112 |
563,922 |
592,825 |
|
Governance costs |
– |
2,980 |
2,980 |
2,950 |
|
--------- |
-------- |
--------- |
--------- |
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--------- |
-------- |
--------- |
--------- |
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Operation of Media Access Centre |
Total 2024 |
Total 2023 |
||
£ |
£ |
£ |
||
Independant Examiner fee |
215 |
215 |
808 |
|
Legal & professional fees |
8,897 |
8,897 |
4,200 |
|
------- |
------- |
------- |
||
9,112 |
9,112 |
5,008 |
||
------- |
------- |
------- |
||
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
8,287 |
14,171 |
------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Employer contributions to pension plans |
6,554 |
6,190 |
--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
|
No. |
No. |
|
Management & Administration |
2 |
2 |
Operations and Project Staff |
12 |
13 |
---- |
---- |
|
14 |
15 |
|
---- |
---- |
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Technical Equipment |
Computer & Software |
Office & Other Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 April 2023 and 31 March 2024 |
|
|
|
|
--------- |
------- |
-------- |
--------- |
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Depreciation |
||||
At 1 April 2023 |
|
|
|
|
Charge for the year |
|
– |
|
|
--------- |
------- |
-------- |
--------- |
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At 31 March 2024 |
|
|
|
|
--------- |
------- |
-------- |
--------- |
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Carrying amount |
||||
At 31 March 2024 |
|
– |
|
|
--------- |
------- |
-------- |
--------- |
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At 31 March 2023 |
|
– |
|
|
--------- |
------- |
-------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Other debtors |
|
– |
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
– |
|
STF Payroll |
109 |
– |
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
At 1 April 2023 |
68,278 |
– |
Amount deferred in year |
(68,278) |
68,278 |
-------- |
-------- |
|
At 31 March 2024 |
– |
68,278 |
-------- |
-------- |
|
At 1 April 2023 |
Income |
Expenditure |
Transfers |
At 31 March 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
30,174 |
209,577 |
(221,467) |
(29,246) |
(10,962) |
Designated Fixed Asset Fund |
9,266 |
– |
(8,287) |
– |
979 |
-------- |
--------- |
--------- |
-------- |
-------- |
|
39,440 |
209,577 |
(229,754) |
(29,246) |
(9,983) |
|
-------- |
--------- |
--------- |
-------- |
-------- |
|
At 1 April 2022 |
Income |
Expenditure |
Transfers |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
17,713 |
278,748 |
(224,688) |
(41,599) |
30,174 |
Designated Fixed Asset Fund |
23,437 |
– |
(14,171) |
– |
9,266 |
-------- |
--------- |
--------- |
-------- |
-------- |
|
41,150 |
278,748 |
(238,859) |
(41,599) |
39,440 |
|
-------- |
--------- |
--------- |
-------- |
-------- |
|
At 1 April 2023 |
Income |
Expenditure |
Transfers |
At 31 March 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
Little Pictures |
5,530 |
173,505 |
(136,514) |
– |
42,521 |
BFI Film Academy |
– |
20,000 |
(9,454) |
– |
10,546 |
GMAC Action! |
– |
– |
– |
– |
– |
Screen Start |
6 |
35,824 |
(65,076) |
29,246 |
– |
Care Experience Programme |
– |
– |
– |
– |
– |
Curious About Film |
– |
– |
– |
– |
– |
Glasgow University Workshop |
– |
50,166 |
(40,834) |
– |
9,332 |
Kirkintilloch Tranactions |
– |
5,416 |
(2,526) |
– |
2,890 |
RCS |
– |
– |
– |
– |
– |
Screen Progression |
– |
4,748 |
(2,105) |
– |
2,643 |
Youth Programme |
– |
– |
– |
– |
– |
Youth Team |
– |
– |
– |
– |
– |
CashBack |
– |
78,895 |
(75,541) |
– |
3,354 |
SUTNZ |
– |
3,184 |
(4,636) |
– |
(1,452) |
WACPro |
– |
7,500 |
(462) |
– |
7,038 |
------- |
--------- |
--------- |
-------- |
-------- |
|
5,536 |
379,238 |
(337,148) |
29,246 |
76,872 |
|
------- |
--------- |
--------- |
-------- |
-------- |
|
At 1 April 2022 |
Income |
Expenditure |
Transfers |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Little Pictures |
20,957 |
138,651 |
(154,078) |
– |
5,530 |
BFI Film Academy |
– |
17,000 |
(17,265) |
265 |
– |
GMAC Action! |
16,754 |
– |
(16,754) |
– |
– |
Screen Start |
9,320 |
70,362 |
(105,676) |
26,000 |
6 |
Care Experience Programme |
– |
– |
(3,717) |
3,717 |
– |
Curious About Film |
– |
2,990 |
(2,990) |
– |
– |
Glasgow University Workshop |
– |
11,443 |
(16,718) |
5,275 |
– |
Kirkintilloch Tranactions |
– |
17,606 |
(17,763) |
157 |
– |
RCS |
– |
264 |
(264) |
– |
– |
Screen Progression |
– |
15,506 |
(15,659) |
153 |
– |
Youth Programme |
– |
– |
(5,842) |
5,842 |
– |
Youth Team |
– |
– |
(190) |
190 |
– |
CashBack |
– |
– |
– |
– |
– |
SUTNZ |
– |
– |
– |
– |
– |
WACPro |
– |
– |
– |
– |
– |
-------- |
--------- |
--------- |
-------- |
------- |
|
47,031 |
273,822 |
(356,916) |
41,599 |
5,536 |
|
-------- |
--------- |
--------- |
-------- |
------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
979 |
– |
979 |
|
Current assets |
6,047 |
82,314 |
88,361 |
|
Creditors less than 1 year |
(17,009) |
(5,442) |
(22,451) |
|
-------- |
-------- |
-------- |
||
Net assets |
(9,983) |
76,872 |
66,889 |
|
-------- |
-------- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
9,266 |
– |
9,266 |
|
Current assets |
58,124 |
73,815 |
131,939 |
|
Creditors less than 1 year |
(27,950) |
(68,279) |
(96,229) |
|
-------- |
-------- |
--------- |
||
Net assets |
39,440 |
5,536 |
44,976 |
|
-------- |
-------- |
--------- |
||
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(17,404) |
|
Debt due within one year |
(7,000) |
7,000 |
– |
-------- |
-------- |
-------- |
|
|
(
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-------- |
-------- |
-------- |
|