|CONTENTS|Page|
|---|---|
|TRUSTEES' REPORT|1-3|
|STATEMENT OF TRUSTEES' RESPONSIBILITIES||
|INDEPENDENT
EXAMINER'S REPORT||
|STATEMENT OF FINANCIAL ACTIVITIES||
|BALANCE SHEET||
|NOTES TO THE FINANCIAL STATEMENTS|8-15|
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|for the year ended|30S|eptember 20|23|||||
|---|---|---|---|---|---|---|---|
||||||Restricted|||
|||||Unrestricted|income|Total|Total|
|||||funds|funds|funds|funds|
||||Note|2023|2023|2023|2022|
||||||F|||
|Income from||||||||
|Donations
and legacies||||||||
|Life Membership
fees||||3,750||3,750|1,938|
|Other voluntary
donations||||11,580|16,084|27,664|35,004|
|Other trading
activities||||||||
|Social event income||||17,450||17,450|14,440|
|Investments||||||||
|Investment
income||||17,224||17,224|16,370|
|Total income|||3|50,004|16,084|66,088|67,752|
|Expenditure
on||||||||
|Raising funds||||||||
|Cost ofgenerating|donations|||216||216|216|
|Social event costs||||15,114||15,114|12,416|
|Charitable
activities||||||||
|Grants and awards|||4|29,543|14,425|43,968|37,940|
|Other||||||||
|Governance
costs||||2,795||2,795|11,186|
|Total expenditure||||47,668|14,425|62,093|61,758|
|Net income||||2,336|1,659|3,995|5,994|
|Net gains/(losses)|on investments||10|4,628||4,628|(36,589)|
|Net movement
in|funds|||6,964|1,659|8,623|(30,595)|
|Fund balances
brought||forward||||||
|at 1 October 2022||||408,701|14,407|423,108|453,703|
|Fund balances carried||forward||||||
|at 30September 2023|||13|415,665|16,066|431,731|423,108|
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|
30September 2023|||||||
|---|---|---|---|---|---|---|
|||||Restricted|||
||||Unrestricted|income|Total|Total|
||||funds|funds|funds|funds|
|||Note|2023|2023|2023|2022|
||||E||E||
|Fixed assets|||||||
|Tangible assets||8|2,203||2,203|2,328|
|Heritage assets||9|59,250||59,250|59,250|
|investments||10|346,607||346,607|341,979|
|Total fixed assets|||408,060||408,060|403,557|
|Current assets|||||||
|Cash at bank and in hand|||9,847|16,066|25,913|25,861|
|Trade and other receivables|||1,398||1,398|1,000|
|Total current assets|||11,245|16,066|27,311|26,861|
|Current
liabilities|||||||
|Creditors: amounts|falling due within||||||
|one year||12|(3,640)||(3,640)|(7,310)|
|Net current assets|||7,605|16,066|23,671|19,551|
|Net assets|||415,665|16,066|431,731|423,108|
|The funds ofthe charity|||||||
|Total funds||13|415,665|16,066|431,731|423,108|
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|During the year the Society
funds:|ma|de the f|ollowi|ng
|grants and|awards to institutions
from unres|tricted|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Lord of the Isles Galley Trust||||||10,000|500|
|Moniack Mhor/Highland
Book Prize Judging||||Expenses||2,250|3,100|
|Highland
Book Prize Award
Argyllshire
Gathering
Piping|Trust & instrument||||Scheme|2,000
1,500|1,000
1,500|
|Gaelic Books Council||||||1,500|1,500|
|Northern
Meeting
Piping Trust 8 Instrument
Scheme
MacGregor Piobaireachd
Competition
Expenses||||||1,500
1,368|1,500
1,365|
|Hands
Up for Trad
Glenfinnan
Gathering||||||1,200
1,000|1,000
1,000|
|Highland
Art Prize awards||||||1,000||
|University
ofthe Highlands|and|Islands||||750|750|
|Nairn Arts and Book Festival||||||700||
|Circus Artspace||||||600|600|
|Highland
Art Prize Hosting|Expenses|||||600||
|Royal Scottish Academy
Skye Games
Highland
Art Prize Judging|Expenses|||||500
500
500|500
500
500|
|Russian Arctic Convoy Museum||||||500||
|An Talla Solais, Ullapool||||||500||
|Piping Gold Medals
Queen Victoria School Annual||Prize||||125
100|125
100|
|Argyllshire
Gathering
Trust
West Highland
Museum|||||||1,000
500|
|Dingwall
Heritage
Trail|||||||500|
|||||||28,693|17,540|
|In addition,
during the year|the|Society|made the following|||grants and awards to institutions|from|
|restricted
funds:||||||||
|||||||2023|2022|
|||||||E|F|
|Highland
Book Prize Public|Engagement|||||13,250|13,150|
|Highland
Art Prize Promotion||||||1,175|6,400|
|||||||14,425|19,550|
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|THE HIGHLAND SOCIETY OF LONDON|THE HIGHLAND SOCIETY OF LONDON|THE HIGHLAND SOCIETY OF LONDON||||||
|---|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL STATEMENTS||||||||
|for|the year ended 30September 2023|||||||
|10|INVESTMENTS
(all unrestricted
funds)||||||Listed|
||||||||Investments|
||Market value at 1 October 2022||||||341,979|
||Gain on revaluation||||||4,628|
||Market value at 30September 2023||||||346,607|
||The Society held units
in the following|investments:||||||
|||||||2023|2022|
|||||||Units|Units|
||M&G Equities Investment
Fund for Charities
CCLA Charities
Investment
Fund|||||11,959
734|11,959
734|
||Cazenove Sustainable
(formerly
Responsible)||Multi-Asset||Fund|305,481|305,481|
||The total value of investments
held at|30September was|||as follows:|||
|||||||2023|2022|
||M&G Equities Investment
Fund for Charities
CCLA Charities
Investment
Fund|||||171,137
13,657|164,065
13,962|
||Cazenove Sustainable
(formerly
Responsible)||Multi-Asset||Fund|161,813|163,952|
|||||||346,607|341,979|
|11|TRADE AND OTHER RECEIVABLES (all unrestricted|||funds)||2023|2022|
||Amounts
due within one year|||||||
||Deposit for room hire, paid
in advance
Social event costs, paid in advance|||||1,145
253|1,000|
|||||||1,398|1,000|
|12|CREDITORS (all unrestricted
funds)|||||2023|2022|
|||||||E||
||Amounts
falling due within one year|||||||
||Accrual for independent
examination
fee
Social event income received
in advance|||||1,470
2,170|1,200
1,290|
||Legal advice on incorporation
status||||||4,820|
|||||||3,640|7,310|
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||||||Baroness|Revaluation|Total|
|---|---|---|---|---|---|---|---|
||||General|Income|von Wilczek|reserve|unrestricted|
||||fund|fund|fund|fund|funds|
|||||E||f.||
|At 1 October 2022|||228,361|72,935||107,405|408,701|
|Incoming
resources||||||||
|Life Membership
Other incoming|fees
resources||1,875|1,875
46,254|||3,750
46,254|
|Resources expended||||(46,818)|(850)||(47,668)|
|Transfer between
funds||||(850)|850|||
|Unrealised
gains/(losses)||on||||||
|revaluation
of investments||||||4,628|4,628|
|At 30September 2023|||230,236|73,396||112,033|415,655|
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|The restricted
income funds are analysed as fo|llows:||
|---|---|---|
|||Total|
|||restricted|
||Partnership|income|
||fund|funds|
|At 1 October 2022|14,407|14,407|
|Incoming resources|16,084|16,084|
|Resources expended|(14,425)|(14,425)|
|At 30September 2023|16,066|16,066|
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