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 2023
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 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
Gael Music
Report of the Trustees for the Year Ended 31st March 2023
The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31st March 2022 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
Page 1
Gael Music
Report of the Trustees for the Year Ended 31st March 2023
OBJECTIVES AND ACTIVITIES
Charitable Activities
This report provides an overview of the work conducted by our team over the course of 18 months, focusing on the delivery of a traditional arts/music and computer-aided design (CAD) project. The project involved 16 young people from Motherwell, Wishaw, Coatbridge, and Cumbernauld, who took the lead in delivering various activities to engage younger children from local schools and youth clubs. This report highlights the challenges faced by the team during the project and summarizes the outcomes achieved.
The project (which involved 126 younger children from local schools/youth-clubs through outreach sessions, youth-led research, sustained instrumental tuition, SQA levels 5-8 (HND) training and the development of new online content) culminated in a performance and ceilidh (June 15th) and exhibition (July 1st-Sep 30th) held at the Summerlee museum in 2023. This exhibition was launched via a premier of our digitally animated folk tales with a live soundtrack performed by all 126 participating children on pennywhistles whilst the in-situ exhibition involved an augmented reality (AR) experiences of 19th century machinery 3d modelling by HND CAD students from New College Lanarkshire. Participants could use smartphones to view and interact with 3D models superimposed on their surroundings. The AR exhibit showcased the CAD models developed during the project, further enhancing the audience's engagement and immersion. In addition to our family ceilidhs there was a follow up concert performance of these works with a smaller pennywhistle contingent at Cumbernauld Theatre on August 3rd that was aimed at showcasing the work of our music trainees which drew 72 audience members.
o New youth-led steering group has helped manage our activities
o 24 hours of taster-sessions delivered at Summerlee Museum and 2 local STEM groups
o 120 research/learning sessions - 360 hours over 40 weeks
o Collected local tunes, stories, and technical drawings for our own archive
o Youth-led design of new interactive learning materials
o 40 ensemble sessions (120 hours over 20 weeks)
o 6 hours of new online content and 30 minute new work
Throughout the project, a new youth-led steering group effectively managed the activities. The team delivered 24 hours of taster sessions at the Summerlee Museum of Scottish Industrial Life, followed by 120 research and shared-learning sessions spanning a total of 360 hours over 40 weeks. Notably, the team also collected and archived local aural history in collaboration with Culture NL to create an online tune archive. Additionally, the young participants were involved in designing online learning materials, and the project included 40 ensemble sessions lasting 120 hours over 20 weeks.
As a creative team we've explored the relationship between local folk tales/tunes and post-industrial landmarks have been reimagining source material (in the form of traditional music, folktales and 19th century technical drawings) unearthed via youth-led research through computer aided design and digital animation to create 30 minutes of interactive learning materials via youth-led research, focused instrumental tuition, digital learning/training that has also directly involved 126 participating children from three local communities in Motherwell, Wishaw, Shotts and Coatbridge.
3 local stories were combined with 6 local traditional tunes and STEAM (science-technology-engineering-arts-maths) to producing 3 hours of online content and heritage-based learning materials for two public performances on June 15th at Summerlee museum and Aug 3rd at Cumbernauld Theatre that will also benefit local schools in the longer term as an opensource online pennywhistle tuition resource via our partnership with The Clarke Tinwhistle Company.
Local Foltale animations/Tunes/CAD models
-
The White Hare/ Stitches in my Britches and Jenny's Welcome to Charlie/ Beam Engine
-
Bartrem Giant of Shotts/ Duchess of Hamilton and Logan Water/ Blast Furnace & Cowper Stove
-
Maggie Ramsay The Witch of Airdrie - Rock on the Clyde and Airdrie Lasses/ Steam Crane
The project encompassed a range of activities aimed at promoting traditional arts, music, and CAD among the participating children. The key components of the project included outreach sessions, youth-led research, sustained instrumental tuition, SQA levels 5-8 training, and the development of new online content. The culmination of these efforts would result in a final work for public exhibition and live performances scheduled for September 2023.
Page 2
Gael Music
Report of the Trustees for the Year Ended 31st March 2023
OBJECTIVES AND ACTIVITIES
Our work in developing the AR element for the Summerlee exhibition 'Back to the Drawing Board' involved working with Glasgow based tech development company Digitalnauts to apply materials and animate our cowper stove and hot blast furnace models which exactly replicate the original structure that were synonymous and iconic to Summerlee and Monklands Iron Works. PDS Vision create the AR versions from these matted models which was a challenge for our trainees also as around 3 million polys had to be reduced to 200,000 in order for the final AR experience to work. In hindsight creating models from the outset that were 'shelled' in accordance with the required AR specifications would have been a good lesson for the trainees to have had built into the work flow on this front.
To develop the required content, the project provided training opportunities for 16 young people in CAD, digital animation, and music, including collecting local aural history, online music production using Soundtrap, computer-aided design with Autodesk Inventor and 3ds Max, and digital animation. Additionally, eight second year HND CAD trainees from New College Lanarkshire received training in 3D sketching, dimensioning, parametric modelling, and the creation of intricate 3D working models based on original 19th-century technical plans stored at the Summerlee museum's special collection.
We decided to bring forward our launch event at Summerlee museum to June 20th involving all our trainees and to ensure all the young people could attend and held a follow up music concert at Cumbernauld Theatre on Aug 3rd as a means of showcasing more of the music that has been created jointly with the young people involved as music trainees.
Developing an AR platform for out 3d models was more expensive than we had expected so a decision was made to deliver the bare essential remit of our planned AR activities with a view towards further developing this element of the work via our partnership with the North Lanarkshire Council and Summerlee museum as part of their plans to create a museum wide AR platform.
Public benefit
In planning the activities for the year we kept in mind the Charity Commissions' guidance on public benefit.
FINANCIAL REVIEW
Financial position
During the year under review, the net deficit of the charity was £901
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.
Page 3
Gael Music
Report of the Trustees for the Year Ended 31st March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
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.
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.
In December 2021 Colin Jones stepped down as Chair of the Board of Trustees and has been replaced by Mary Smith. Colin remains a trustee. We also appointed a new trustee at this time, Mark Flashman who was involved in our Digital Develpment work over the pandemic.
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
2022/23 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 £27,028 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)
Page 4
Gael Music Report of the Trustees for tbe Year Ended 31st March 2023 Regl$t¢red Charity number 115890 Registered offjce I l Southcote Ldne Rcdding RG30 3AG Trustees Ms M A Smith Rctired C Jones Reiired Ms L Heneghwh Reiired Headteacher Company Secretary L Ddnicls Independent Examiner Ken Tail & Co 16 Hdddow St Hdmilton ML3 7HX Registcred Chdrity Numbcr Registered Chdrity Numbcr 115890 {F..ngland & Walc5) SC044156 (Scotldnd) 12112123 Approved by order of the board of trusiees on............................................. dnd signed on its b¢halfby.' L Daniels - Secretary P¢ige 5
lttdepend¢tst Euminer's Report to the Trnste¢s Of G#el Music Independent examiner's report to the trusttts of Gad Music ('the Company? I report to th¢ ¢]]oriiy trustres on my ¢xaminaiion of the a¢¢ounts of the Company for the year ended 31st March 2023. Responsibilitiey b&yis of report As the charitys trustees of the Company (and also its directors for the purposes of coinpany law) you are responsible for thc preparation of the accounts in accordancc with the rcquirellntS of the Companies Act 2006 ('thc 2006 Act,). Having 5atisficd mysclf that thc accowits of thc Company arc not rcqutrcd to bc auditcd undcr Part 16 of thc 2(KF6 Act and are eligible (or independent examinaiioo I repori in respeci ofmy examinalion ofyour charilgs accounis as carried oul u]lller Sectioll 145 of the Charities Act 2011 ('the 2011 Act). In caryillg oul my examit]ation I have followed the Direcuons given by th¢ Clwiiy Con)mission under Se¢iion 145{5) 0)) of the 2011 Aci. Independent examiner's Statement I have completed my eLqmination. I confm that no matters have come to my a((entlOD in connection the examination giiryng cause io believe.. accounting rccords wcrc not kcpt in rcspcct of th¢ Company as rcquircd by S¢ction.386 of thc 2006 Act: or the accounts do Mt accord Mqth those records; or the accounts do nol comply with the accounlillg requiretnenis of Stttion 396 of the 2006 Aci oiher than any requir¢m¢nt that the a¢¢ounts giv¢ a true 4nd fair ¢W whi¢]L is not a matter ¢onsider¢d as part ol an independent examinatloll., OT th¢ a¢¢ounts hav¢ not b¢¢n prepared in accordance with th¢ m¢thods and principl¢s of (h¢ Siaternent of Recommended Practice for accounting and reporting by ehaTlties lapplicdble to charities prepIng their accounts in accordance with the Financial Re)rtIng Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other n)atters in connection with the examination to which attention should b¢ drawn in this rOrt in ordcr lo cnabl¢ a prop¢r uu(krstaudillg of thc accounts to bc rcachcd. Ken Tait K¢n Tait & Co 16 Haddow St Hamilion ML3 7HX Pag¢ 6
Gael Music
Statement of Financial Activities for the Year Ended 31st March 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 38,664 31,594 EXPENDITURE ON Charitable activities 3 Resourced Expenditure 18,125 27,028 Admin Expenses 16,895 9,111 Total 35,020 36,139 NET INCOME/(EXPENDITURE) 3,644 (4,545) RECONCILIATION OF FUNDS Total funds brought forward (321) 8,520 TOTAL FUNDS CARRIED FORWARD 3,323 3,975 |
2023 Total funds £ 70,258 45,153 26,006 71,159 (901) 8,199 7,298 |
2022 Total funds £ 10,942 18,944 23,707 42,651 (31,709) 39,908 8,199 |
|---|---|---|
The notes form part of these financial statements
Page 7
G*el Music Balance Sbeet 31st March 2023 2023 Total nds 2022 Total (unds Unrestricted Restricted fwid fund Notes FIXED ASSETS Tangble assets 5.580 686 6.266 7.475 CURRENT ASSETS Delmors Cash at bank 471 471 1.085 6.518 3.290 471 3,290 CREDITORS Amounis falling within one year io (2,728) (2,729) (6,879) NET CURRENT ASSETS (2,257) 3.289 1.032 724 TOTAL ASSETS LESS CURRENT LIABIL[s 3,323 3,975 7,298 8,199 NET ASSETS 3,323 3,975 7,298 8,199 FUNDS Unrestricted fun(ts Restri¢ted fimds 12 -3,975 8,520 TOTAL FUNDS 7,298 8,199 Thc Charitablc cojnpaiiy is cntitlcd to ¢xcn]ption from alit undcr Scction 477 of thc Companics Act 2006 for th¢ y¢ar ended 3 Isi March 2023. The memb¢rs bav¢ not r¢quir¢d the ¢ompony to (l)tain an audit of ils fman¢ial stat¢meIits for the year 315t March 2023 in aOrdK¢ with stion 476 of th¢ Coinpan] Act 2006. The trust¢¢s acknowledge their responsibilities Cor (a) ¢nsuring thai tb¢ c]]aritabl¢ company k¢¢ps acc(1(ing records that ¢oAnply with S¢cuons 386 and 387 of the Compallies Act 2006 and preparing financial statellknts which give a true atKI fair view of the state of affairs of the charitable cowany as ai th¢ end of ¢a¢h finan¢ial y¢ar and of its surplus or (kficii for ¢ach fJnan¢ial year in a¢cordanc¢ with th¢ r¢quirem¢nts of S¢¢uons 394 and 395 and which oth¢rwis¢ ¢omply th¢ requirenllts of the Companies Aci 20(kn relating io financial statements. so far as applicable to the charitable company. (b) These finala1 statemenis have been prepared in acCOrdae with the provisions applicable to chariiable companies subjeet (o the Sn11 companies regime. The financial statellKnts were approved by the Board of Trnste&s and authorised for issue on 12112123 . and were signed on its behalf by.. L Heneg]]an- Tr1 The notes fonn part of these fina]Kial sthte1nes Page 8
Gael Music
Notes to the Financial Statements for the Year Ended 31st March 2023
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 9
Gael Music
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
2. DONATIONS AND LEGACIES |
||
|---|---|---|---|
| 2023 £ Grants 70,260 Tickets/Workshops (2) 70,258 Grants received, included in the above, are as follows: 2023 £ Other grants 70,260 Unrestricted Restricted 2023 £'s £'s £'s Young Start Lottery Fund 0 31,595 31,595 Creative Scotland Youth Music Initiative 0 0 0 National Heritage 24,165 0 24,165 University of Li 500 0 500 Medway Council 1,500 0 0 The Foyle Foundation 5,000 0 0 The Robertson Trust 7,500 0 0 38,665 31,595 70,260 3. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 4) £ £ Resourced Expenditure 45,153 - Admin Expenses - 26,006 45,153 26,006 Unrestricted Restricted 2022 £'s £'s £'s Tutor, Performance Fees 0 8,444 8,444 Artistic Director Fees 0 10,500 10,500 0 18,944 18,944 |
2023 £ 70,260 (2) 70,258 2023 £ 70,260 |
2022 £ 10,940 2 10,942 2022 £ 10,940 |
|
| 2023 £'s 31,595 0 24,165 500 0 0 0 |
2022 £'s 6,000 4,940 0 0 0 0 0 |
||
| 31,595 | 70,260 | 10,940 | |
| Support Direct costs (see Costs note 4) £ £ 45,153 - - 26,006 45,153 26,006 |
Totals £ 45,153 26,006 71,159 |
||
| 2022 | 2021 | ||
| £'s 8,444 10,500 18,944 |
£'s 8,238 6,000 14,238 |
continued...
Page 10
Gael Music
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
4. SUPPORT COSTS
| SUPPORT COSTS | SUPPORT COSTS | |
|---|---|---|
| Governance Management costs £ £ Admin Expenses 25,286 720 |
Totals £ 26,006 |
|
| Unrestricted Restricted £'s £'s Accountancy 720 0 Insurance 115 0 Printing, Postage & Stationery 1,056 0 Internet 1,332 0 Hire 3,826 0 Subscriptions 338 0 Website 0 330 Tuning & Repairs 3,434 0 Engineering & Manufacture 0 0 Travel 0 1,263 Advertising 2,342 0 Training 0 7,518 Bank Charges 0 0 Sale of Assets 0 0 Depreciation 3,732 0 16,896 9,111 |
2023 £'s 720 115 1,056 1,332 3,826 338 330 3,434 0 1,263 2,342 7,518 0 0 3,732 26,007 |
2022 £'s 769 0 659 1,866 1,111 466 0 1,896 0 0 317 0 0 13,039 3,583 23,706 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery Deficit on disposal of fixed assets |
2023 £ 3,731 3,826 - |
2022 £ 3,583 1,111 13,039 |
5. NET INCOME/(EXPENDITURE)
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.
continued...
Page 11
Gael Music
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1 10,941 EXPENDITURE ON Charitable activities Resourced Expenditure - 18,944 Admin Expenses 21,939 1,768 Total 21,939 20,712 NET INCOME/(EXPENDITURE) (21,938) (9,771) RECONCILIATION OF FUNDS Total funds brought forward 21,617 18,291 TOTAL FUNDS CARRIED FORWARD (321) 8,520 8. TANGIBLE FIXED ASSETS Plant and Computer machinery equipment £ £ COST At 1st April 2022 29,362 6,901 Additions 2,522 - At 31st March 2023 31,884 6,901 DEPRECIATION At 1st April 2022 24,936 3,852 Charge for year 1,736 1,995 At 31st March 2023 26,672 5,847 NET BOOK VALUE At 31st March 2023 5,212 1,054 At 31st March 2022 4,426 3,049 |
Total funds £ 10,942 18,944 23,707 42,651 (31,709) 39,908 8,199 Totals £ 36,263 2,522 38,785 28,788 3,731 32,519 6,266 7,475 |
|---|---|
continued...
Page 12
Gael Music
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| VAT | 471 | 1,085 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| Bank loans and overdrafts (see note 11) | 2023 £ 2,007 |
2022 £ 5,479 |
||||
| Accrued expenses | 722 | 1,400 | ||||
| 2,729 | 6,879 | |||||
| 11. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| Amounts falling due within one year on demand: | 2023 £ |
2022 £ |
||||
| Bank overdrafts | 2,007 | 5,479 | ||||
| 12. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | At | 1.4.22 £ |
Net movement in funds £ |
At 31.3.23 £ |
||
| General fund | (321) | 3,644 | 3,323 | |||
| Restricted funds | ||||||
| Restricted fund | 8,520 | (4,545) | 3,975 | |||
| TOTAL FUNDS | 8,199 | (901) | 7,298 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|||
| General fund | 38,664 | (35,020) | 3,644 | |||
| Restricted funds | ||||||
| Restricted fund | 31,594 | (36,139) | (4,545) | |||
| TOTAL FUNDS | 70,258 | (71,159) | (901) | |||
continued...
Page 13
Gael Music
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 21,617 |
(21,938) | (321) | |
| Restricted funds | |||
| Restricted fund 18,291 |
(9,771) | 8,520 | |
| TOTAL FUNDS 39,908 |
(31,709) | 8,199 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ Unrestricted funds |
£ | £ | |
| General fund 1 |
(21,939) | (21,938) | |
| Restricted funds | |||
| Restricted fund 10,941 |
(20,712) | (9,771) | |
| TOTAL FUNDS 10,942 |
(42,651) | (31,709) | |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| At 1.4.21 | Net movement in funds |
At 31.3.23 |
|
| £ Unrestricted funds |
£ | £ | |
| General fund 21,617 |
(18,294) | 3,323 | |
| Restricted funds | |||
| Restricted fund 18,291 |
(14,316) | 3,975 | |
| TOTAL FUNDS 39,908 |
(32,610) | 7,298 | |
continued...
Page 14
Gael Music
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
12. 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 | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,665 | (56,959) | (18,294) |
| Restricted funds | |||
| Restricted fund | 42,535 | (56,851) | (14,316) |
| TOTAL FUNDS | 81,200 | (113,810) | (32,610) |
13. RELATED PARTY DISCLOSURES
Mr Luke Daniels (organisation secretary) was paid £27,028 for acting as a frontline tutor, composer and musical director.
Page 15
Gael Music
Detailed Statement of Financial Activities for the Year Ended 31st March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Grants | 70,260 | 10,940 |
| Tickets/Workshops | (2) | 2 |
| 70,258 | 10,942 | |
| Total incoming resources | 70,258 | 10,942 |
| EXPENDITURE | ||
| Charitable activities | ||
| Tutors & Performance Fees | 18,125 | 8,444 |
| Artistic Director | 27,028 | 10,500 |
| Support costs | 45,153 | 18,944 |
| Management | ||
| Hire of plant and machinery | 3,826 | 1,111 |
| Insurance | 115 | - |
| Telephone | 1,332 | 1,866 |
| Postage and stationery | 1,056 | 659 |
| Marketing | 2,342 | 317 |
| Subscriptions | 338 | 467 |
| Plant and machinery | 1,737 | 1,880 |
| Computer equipment | 1,995 | 1,703 |
| Loss on sale of tangible fixed assets | - | 13,039 |
| Exceptional items | 12,545 | 1,896 |
| Governance costs | 25,286 | 22,938 |
| Accountancy and legal fees | 720 | 769 |
| Total resources expended | 71,159 | 42,651 |
| Net expenditure | (901) | (31,709) |
This page does not form part of the statutory financial statements
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