**REGISTERED COMPANY NUMBER: 05718491 (England and Wales) REGISTERED CHARITY NUMBER: 115890** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31st March 2021** ## **for** **Gael Music** Ken Tait & Co 16 Haddow St Hamilton ML3 7HX **Gael Music** ## **Contents of the Financial Statements for the Year Ended 31st March 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|14| |**Detailed Statement of Financial Activities**||15|| **Gael Music** ## **Report of the Trustees for the Year Ended 31st March 2021** The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31st March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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** ## **Charitable Purposes** To advance education, understanding and appreciation of traditional music among people of all ages but particularly the young by: " Providing and organizing workshops, classes, sessions, courses, academies, schools, literature and other such educational activities " Presenting, producing, promoting, organising, managing and conducting events, tours or other activities " Other such means as from time to time may be determined at the trustee's discretion ## **Charitable Activities** We've recently had contact with Summerlee Scottish National Industrial Museum, who were assigned to us as a partner with regards to our involvement in a digital confidence scheme. Summerlee helped us develop a business plan for 2022/23. Whilst the heritage curator from Culture NL's Heritage centre in Motherwell also helped us identify new archive sources that link local stories, music and industrial heritage as a basis for some new youth-led research. As a means of explicitly building upon this work and our digital confidence as an organisation we have set up a new partnership with New College Lanarkshire to help us create animated 3D models of iron smelting equipment from the original 19th century technical drawings that will form the backdrop for some folk story/music online content and also double as our 2022/23 learning materials for local schools. Taster, first access, research, workshop and ensemble sessions involving 72 children from our folk academy projects in West Dunbartoinshire and South Borders were delivered via zoom whilst also creating new online content and heritage based learning materials that will continue to benefit local schools going forward. ## **Public benefit** In planning the activities for the year we kept in mind the Charity Commissions' guidance on public benefit. Page 1 **Gael Music** ## **Report of the Trustees for the Year Ended 31st March 2021** ## **ACHIEVEMENT AND PERFORMANCE Internal and external factors** Covid-19 In the middle of the March 2020 year we were forced to suspend all our folk academy projects serving 120 children and young people aged 9-16 from disadvantaged communities across Scotland. In doing so, we left these children without weekly support and learning activities upon which they and their families have come to rely. Furthermore, our youth-led steering group, comprised of 8 project trainees, former participants and local volunteers was also unable to meet and risked losing their ability to shape delivery at a time when it was needed most. Sixteen young person led performances involving young people and over 65s were cancelled by arts/heritage venues and festivals with a loss of income to the organisation of £20,000. As key staff were furloughed from our local authority partners, key to our outreach sessions in local community centres, they became very difficult to contact. As an immediate response, we paused the delivery of activities, venue hire, transport partnerships and volunteer support, all of which was very challenging and risked winding back years of work with vulnerable communities and participating young people. At this time however, we had a number of online resources and tools such as our mobile app and online tune archive that were used as supporting strands to our traditional face to face delivery method. Repurposing these from support strands into our central mode of delivery has posed a significant logistical and financial challenge, at a time when our capacity to mobilise staff and resources has been severely constrained. Removing (in the medium to long term), the support from our weekly grassroots activities was simply not an option beyond 3 to 4 weeks and we're still managing this transition. Throughout this challenge however, we're learning a great deal and developing digital skills amongst our staff whilst continuing to listen to the 0-5% SIMD communities involved in a way that makes it unlikely we'll return to our former approach. ## **FINANCIAL REVIEW** ## **Financial position** During the year under review, the net gain of the charity was £12,473 ## **Reserves policy** In accordance with our 2022/23 business plan, Gael Music ensures long-term financial sustainability by maintaining a minimum reserve. Our current target range is £15,000 - equivalent to 6 months running costs. This policy relies on assessing medium-term financial risk and as such is kept under periodic review by our board of trustees when levels are adjusted as perceptions of risk and other factors change. ## **Going concern** In response to the difficulties facing the organisation in recent times and our long term sustainability we have implemented a number of plans. These plans include more regular evaluation sessions to monitor progress and best respond to participants needs. We have increased our reserves policy to a higher level in order to cover 6 months running costs Tight budgetary procedures will be enforced at every stage to ensure the activities are financially effective, compliant with all relevant legislation and manage any financial risks whilst we're building reserves. All new funding will be used effectively and deliver the greatest possible benefit to participants through effective project planning, professional marketing and a timetables which clearly set out the roles and responsibilities of our staff, trainees and volunteers. ## **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 Association is established as a company limited by guarantee and is registered as a charity with the Charity Commission on 22nd February 2006. The liability of the members in the event of the Association being wound up is limited to a sum not exceeding £0.25. ## **Charity constitution** Gael Music was incorporated as a company limited by guarantee on the 22 February 2006 and is governed by its Memorandum and Articles of Association. The charity is run by its management committee which consists of four officers and an elected number of members as decided at the Annual General Meeting of the charity. Page 2 **Gael Music** ## **Report of the Trustees for the Year Ended 31st March 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Recruitment and appointment of trustees** The trustees, who are also company directors, are appointed annually by the members of the company at the Annual General Meeting. New trustees may be appointed by the existing trustees, subject to a maximum of six. Our board of trustees has a range of expertise among its governors who are responsible for a variety of tasks. Colin Jones (Chair) is a former chair of Hamilton Scouts and youth band leader at the Salvation Army Core in Hamilton. His communication and creativity are essential to the organization in addition to his understanding of business management and leadership skills. Linda Henneghan (Treasurer) is a retired headteacher and Irish dance instructor. From her time in education she brings an ability to analyze and review different types of data and for us, having somebody with a good grasp of statistics is also vital. She examines how funding is spent whilst scrutinizing the progress of our beneficiaries. Mary Anne Smith (Trustee) is a South Lanarkshire Councillor has over 20 years worth of experience in planning and delivering educational projects via a cross cut approach involving public sector bodies and local service providers. She is able to sift through hefty policy reports and pick apart data to communicate with parents. ## **Organisational structure** Trustees are encouraged to attend appropriate external training events to support the role they are performing. Gael Music is a registered charity and is set up as a company limited by guarantee. The Artistic Director is responsible for developing the various programs of the organization including work in schools and sustaining and developing our links with other arts and education sector groups. The Artistic Director is also responsible, in consultation and with the guidance of The Board of Trustees for the formulation of artistic policy, devising the overall programme of work for the organization, devising and commissioning of projects and the recruitment and management of all freelance staff. The Artistic Director is also responsible to the Board of Trustees. ## **Decision making** The trustees are already familiar with the practical work of the Charity but all new trustees undergo an orientation course to brief them on the legal obligations under the charity and company laws and the content of the Memorandum and Articles of Association of the charity ## **Induction and training of new trustees** The trustees are already familiar with the practical work of the Charity but all new trustees undergo an orientation course to brief them on the legal obligations under the charity and company laws and the content of the Memorandum and Articles of Association of the charity ## **Related parties** 2020/21 was an exceptionally busy year in which Mr. Luke Daniels managed and helped deliver multiple educational and performance projects as frontline tutor, composer and musical director. For this service Mr. Luke Daniels was paid £6,000 for these activities. ## **Risk Assessment** The trustees actively review the major risks associated with the activities of the charity on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of key financial controls, will provide sufficient resources in the event of adverse conditions. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 05718491 (England and Wales) ## **Registered Charity number** 115890 Page 3 Cvael Music Rei)ort (Jf the Trustees for the Year Tr-nded 31st March 2021 Regiltered ￿￿7¢e 31 8i)IitlictTrlL" l.dllL R¥ddiiig RG.10 .3AG Trugtces Ms M A Smith R¥iii¢d C .l()n¢8 R¥iifLd M5 L l.Ict]Lghun RLtITLd llcddtLdcIIci C'umi)#ny Secretary I. Ddnicls Independent Examiner K¢n Tdit & Co 16 llciddow Si I Idmilton MLI 711X Regi51ered Lhariiy Nuiiibtr R¢bTisl¢r¢d cli￿]tY Nu11￿¥r 115890 (Eiiglliiid & Wdles} SC044156 (sLotI￿d} viiii Apprc)v¢d by ordeT bo￿￿ of trust¢es on.............. dnd signed on its bekmlf by.. l)dnicls - ScLretdry Pdg¥ 4 Independent Examiner'% Reiinrt tn the Trustees of Gael Mu4iC Independent examiner's report to the trustees of Gael Music I'the Company.) I report to thc ch1( rity trustccs on my cxaminarioii of thc accounts of tlic Company for the ycar cTrlcd_3 I st March 21121. ResiiDn$ihilities and basis of repnrt As Ilie clidriiy's irusiees of Ihe Coiiipany land also its direciors for tlie purposes ofcoiiipaiiy law) yoii are responsible for i]￿ preparaiion of ttie accouiiis iii acCordd￿e will) Ilie reqLiireEI)enis of the Coiiip31)ies Aci 20061'ihe 2006 Aci,). Ii'ingT Sciiisfied My5eifiliai Ihe dccounis of the CoMp￿Y are noi reqiiired 10 be audiled under Part 16 of the 2006 Aci d are ¢libiibl¢ lor itidepelldelll ¢￿￿)1￿U0￿ I repon ill resp￿1 ofJ)iy exajllinauoll of your ¢lLUlly's a¢coulliS as ¢￿I¢d oui und¢r *¢uoii 145 of th¢ Cliarillcs Aci 2011 I'dle ?01 l A¢i'i. In carryiiig oui Jny ¢￿￿￿ll0￿ I liaN'¢ followed the Diicction5 givci) by Ihc Charity CoTThlli55iOlI undci scclion 145{51 Ib) of ihc 2VI l Act. Indei)endenl examiner'% ¥latement I lidve conwleied my exdnisiialion. I confinn thai no mdiiers haire com¢ to Iny diieniion in connecikon with th¢ examinaiioii giviDg Ine cause 10 believe.. accounting records wcre noi kcpi in rcspcct of the CoD]pally as required by s￿tIOn 386 of the 21x16 Aci- or tb¢ accoimts dts not u¢¢ord ￿th thos¢ r¢¢oids,' or tbc accowiis do not comply Mith thc ac¢oithting rcqillrcments of section 11)6 of the 2006 Aet other thttn any rcquircinciit thal thc accow)ts giN'c ITU¢ aiid fair view wliicl) is not a matlcr coi)sidcred as part of an independeiii exainii)c1lion; or the 3¢counls hai'c iiot b¢¢ii pr¢pai￿ in jiccordilllf¢ Wltli th¢ Iii¢ihods and piin¢ipl¢s of th¢ Stlll¢n)¢nl or Recoiiuneiided PrAciice for accowitii)g aiid reporting by clurilies (applicdble lo chdrities PTepariDb Ilieir accounts In accord￿￿e MTrth Ilie FI￿li(la1 Reporting Sidnddrd dpplicdble in the UK Rq)ubli¢ of Ire]￿d (FRS 1021). I hav¢ no conc¢rng and have com¢ a¢ross tto otb¢r nlltters in ¢0￿c¢tiOn with th¢ ¢xaminotion to ￿h]Ch att¢ntion should bc dramu in thi5 rcport in OTdcr to cnablc a propcrw)dcrslanding of thc accounts to bc rcachcd. Kcn Tail Chanered A¢countani Keji Tdii & Co 16 Hddthw Si H￿]1]11011 ML.3 7HX Dat¢.. o.111.!/.w....................... Pdgc 5 ## **Gael Music** ## **Statement of Financial Activities for the Year Ended 31st March 2021** |**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
10,000
**EXPENDITURE ON**
**Charitable activities**
3
Resourced Expenditure
-
Admin Expenses
11,042
**Total**
11,042
**NET INCOME/(EXPENDITURE)**
(1,042)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
22,659
**TOTAL FUNDS CARRIED FORWARD**
21,617|**Restricted**
**fund**
**£**
29,697
14,238
1,944
16,182
13,515
4,776
18,291|**2021**
**Total**
**funds**
**£**
39,697
14,238
12,986
27,224
12,473
27,435
39,908|**2020**
**Total**
**funds**
**£**
106,568
80,614
30,866
111,480
(4,912)
32,347
27,435| |---|---|---|---| The notes form part of these financial statements Page 6 G¥el Mw4ic Balance Sheet 31st ￿[￿r{h 2021 2021 2020 Total fulld Unre4tricl¢ fu￿￿ R¢stri¢led fund fund5 NotLs FIXED ASSETS Tangibl¢ asscts 16.C)13 4,180 24.500 cURRETr￿ ASSETS Cash al bdt 8,621 l4.111 22,734 6,719 CREDITORS Amowtss tsiling due ￿th]ll on¢ year {3.6191 13,619} (3,7841 NET CURRENT ASSETS 5.UIM 2.1)_35 TOT AL ASSETS LESS CURRENT LIABILITIES 21,617 18,291 27,4.35 Tr4ET ASSETS 21,617 18.291 -39.908 27.4.15 FUNDS Unrcsirictcd funds Rcsiricicd fuiids 10 21.617 4.776 TOT AL FUNDS 19.908 27.415 The chkriiable company is eniiiled io exempiion from audil under Seciion 477 of the Companies Aci 20(￿Tr for the year ended I Isi March ?021. The menibers haiTe nol reqiiireil Ilie comTYdllV lo obtain &n Audit of its financial stdleTnents for Ihe yedT ended -Ilsi Mkr¢h 2021 in accordwice witti Seciion 476 of tbe Coiiipanies Aci 2(KJ6. The trustees dcknowledge ibeir iesponsibiliiies for {al ]suring Il)ai Ilic chaTiiablc coinpany kcep5 accouDling r￿oTdS thai cotnply Seciions .386 and 187 of the Coii]panies Act 2006 and PICPclriiig fiiiancial siatcnicnts wliicli givc a truc and fair vicw of ihc staic of affairs ofihc cliaritablc coiiipany as at thc cnd of cach finaiicial J'car and of Ils SUTplus or dcficit for cach financsal ycar in accordancc I￿11h thc rcqiiircincnis of Scciioiis .394 and IC)5 and whicli oil)cn¥isc coiiiply wilh ik rCquirU￿1)lS of thc Coii]pat)ics Act 211(1() rel1£ iiiig 10 fini£ IICi1c I statcincnls. so far as applicic ble lo Ilie c111( ritc1blc coinpany. (b) Thege financial Slaieinenis have been prepared in ttccordan￿ with the provisions 2ppli¢able 10 ¢hJritabl¢ ¢ompanies subject lo the small COEI)pai]ies rebjiine. The financial siaiements were approved by ihe Board of Tnisiees and aiithorised for issue on -oi/iii . 2nd were signed on lis behalf by= Trnstee The nolcs lonn pan ofihesc financial 5talemcnlg Page 7 **Gael Music** ## **Notes to the Financial Statements for the Year Ended 31st March 2021** ## **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. The Accounts been prepared in accordance with the requirements of the The 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)) (issued in October 2019) - (Charities SORP (FRS 102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, ## **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. Plant and machinery - 25% on reducing balance Computer equipment - straight line over 3 years ## **Taxation** As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the Trust and is, therefore, included in the relevant costs in the Statement of Financial 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. continued... Page 8 **Gael Music** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2021** ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**||||| |---|---|---|---|---|---| |Grants
Tickets/Workshops
Grants received, included in the above, are as follows:
Other grants||**2021**
**£**
39,696
1
39,697
**2021**
**£**
39,696||**2020**
**£**
102,342
4,226
106,568
**2020**
**£**
102,342|| |Unrestricted
Restricted||2021||2020|| |£'s|£'s|£'s||£'s|| ||||||| |Fees
0|0|0||4,227|| |Arts Council
0|0|0||12,424|| |Young Start Lottery Fund
0|17,754|17,754||26,380|| |Garfield Weston Trust
0|0|0||6,000|| |Gannoch Trust
0|0|0||8,000|| |Foyle Trust
0|0|0||5,000|| |West Dumbartonshire Community Trust
0|0|0||1,000|| |Creative Scotland Youth Music Initiative
0|11,942|11,942||12,538|| |National Heritage
10,000|0|10,000||22,500|| |Robertson Trust
0|0|0||8,500|| ||||||| |10,000|29,696|39,696||106,569|| |**CHARITABLE ACTIVITIES COSTS**
Resourced Expenditure
Admin Expenses|**Direct**
**Costs**
**£**
14,238
-
14,238|**Support**
**costs (see**
**note 4)**
**£**
-
12,986
12,986|||**Totals**
**£**
14,238
12,986
27,224| |Unrestricted
Restricted|||2021||2020| |£'s
£'s|||£'s||£'s| ||||||| |Tutor, Performance Fees
0
8,238|||8,238||20,531| |Artistic Director Fees
0
6,000|||6,000||60,084| ||||||| |0
14,238|||14,238||80,615| **3. CHARITABLE ACTIVITIES COSTS** continued... Page 9 ## **Gael Music** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2021** ## **4. SUPPORT COSTS** |**SUPPORT COSTS**|||| |---|---|---|---| |**Management**
**£**
Admin Expenses
12,282|**Governance**
**Finance**
**costs**
**£**
**£**
1
703||**Totals**
**£**
12,986| |Unrestricted
Restricted||2021|2020| |£'s
£'s||£'s|£'s| ||||| |Accountancy
703
0||703|563| |Insurance
184
0||184|289| |Printing, Postage & Stationery
265
0||265|194| |Internet
851
0||851|145| |Hire
1,076
0||1,076|1,581| |Subscriptions
165
0||165|131| |Website
0
480||480|1,294| |Tuning & Repairs
180
64||244|1,004| |Engineering & Manufacture
0
0||0|2,067| |Travel
0
0||0|5,322| |Advertising
67
0||67|6,498| |Training
0
1,400||1,400|3,161| |Bank Charges
1
0||1|130| |Depreciation
7,550
0||7,550|8,487| ||||| |11,042
1,944||12,986|30,866| ## **5. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Depreciation - owned assets|7,550|8,488| |Hire of plant and machinery|1,076|1,582| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020. continued... Page 10 **Gael Music** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2021** |**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
32,151
74,417
**EXPENDITURE ON**
**Charitable activities**
Resourced Expenditure
26,255
54,359
Admin Expenses
15,584
15,282
**Total**
41,839
69,641
**NET INCOME/(EXPENDITURE)**
(9,688)
4,776
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
32,347
-
**TOTAL FUNDS CARRIED FORWARD**
22,659
4,776
**8.**
**TANGIBLE FIXED ASSETS**
**Plant and**
**Computer**
**machinery**
**equipment**
**£**
**£**
**COST**
At 1st April 2020
71,440
1,500
Additions
1,604
2,239
At 31st March 2021
73,044
3,739
**DEPRECIATION**
At 1st April 2020
47,440
1,000
Charge for year
6,401
1,149
At 31st March 2021
53,841
2,149
**NET BOOK VALUE**
At 31st March 2021
19,203
1,590
At 31st March 2020
24,000
500|**Total**
**funds**
**£**
106,568
80,614
30,866
111,480
(4,912)
32,347
27,435
**Totals**
**£**
72,940
3,843
76,783
48,440
7,550
55,990
20,793
24,500| |---|---| continued... Page 11 **Gael Music** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2021** ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |VAT
Accrued expenses
**10.**
**MOVEMENT IN FUNDS**|**2021**
**£**
2,255
1,364
3,619|**2020**
**£**
3,109
675| |---|---|---| |||3,784| |||| |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||**Net**|| |||**movement**|**At**| ||**At 1.4.20**|**in funds**|**31.3.21**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|22,659|(1,042)|21,617| |**Restricted funds**|||| |Restricted fund|4,776|13,515|18,291| |**TOTAL FUNDS**|27,435|12,473|39,908| |Net movement in funds, included in the above are as follows:|||| ||**Incoming**|**Resources**|**Movement**| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|10,000|(11,042)|(1,042)| |**Restricted funds**|||| |Restricted fund|29,697|(16,182)|13,515| |**TOTAL FUNDS**|39,697|(27,224)|12,473| |**Comparatives for movement in funds**|||| |||**Net**|| |||**movement**|**At**| ||**At 1.4.19**|**in funds**|**31.3.20**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|32,347|(9,688)|22,659| |**Restricted funds**|||| |Restricted fund|-|4,776|4,776| |**TOTAL FUNDS**|32,347|(4,912)|27,435| continued... Page 12 **Gael Music** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2021** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
32,151
74,417
106,568|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(41,839)
(9,688)
(69,641)
4,776
(111,480)
(4,912)| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |||||**Net**|| |---|---|---|---|---|---| |||||**movement**|**At**| ||**At 1.4.19**|||**in funds**|**31.3.21**| |||**£**||**£**|**£**| |**Unrestricted funds**|||||| |General fund|32,347|||(10,730)|21,617| |**Restricted funds**|||||| |Restricted fund|||-|18,291|18,291| |**TOTAL FUNDS**|32,347|||7,561|39,908| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Movement**| |---|---|---|---| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|42,151|(52,881)|(10,730)| |**Restricted funds**|||| |Restricted fund|104,114|(85,823)|18,291| |**TOTAL FUNDS**|146,265|(138,704)|7,561| continued... Page 13 **Gael Music** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2021** ## **11. RELATED PARTY DISCLOSURES** Mr Luke Daniels (organisation secretary) was paid £6,000 for acting as a frontline tutor, composer and musical director. Page 14 **Gael Music** ## **Detailed Statement of Financial Activities for the Year Ended 31st March 2021** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
Tickets/Workshops
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Tutors & Performance Fees
Artistic Director
**Support costs**
**Management**
Hire of plant and machinery
Insurance
Telephone
Postage and stationery
Marketing
Subscriptions
Plant and machinery
Computer equipment
Exceptional items
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|**2021**
**£**
39,696
1
39,697
39,697
8,238
6,000
14,238
1,076
184
851
265
67
165
6,401
1,149
2,124
12,282
1
703
27,224
12,473|**2020**
**£**
102,342
4,226
106,568
106,568
20,531
60,083
80,614
1,582
289
145
194
6,498
131
7,987
500
13,410
30,736
130
-
111,480
(4,912)| |---|---|---| This page does not form part of the statutory financial statements Page 15