Charsty registration number SC011819 Iscottandl THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) LEGAL AND ADMINISTRATIVE INFORMATION Trustees {Appoinled 8 Aprl 20241 {Appo)in1 8 AprH 20241 (Appointed 8 Apr 20241 (Appointed 8 April 20241 (Appointed 1 July 2024) Charity number ISGotlJndl SC011819 R•gltstor*d offico Studlo G43 Otjt of Ihe Blue Drtll Hall 36 Qalmeny Str88t Edinburgh EH68RG Indèp•ndÈnt examlftor Jtsbnston Smillie Lid 5 South Gyle Crescent Lane Edinbufgh EH129EG
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) CONTENTS Page Tiustees, report Independent &xamingr's report Slalemenl of financial activities Balance sheel Notes lo the financial stalements 8-17
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Iru5tees PTesenl their annu81 report and the financial $t8lements for thè chaTily for the year eThded 30 June 2024. The financial stateTnenls have been prepared in accordance with the accounting polioes sel OLrt in Note 1 to the accounts and comply with the charity's twst dèèd, the Charities and Tr(sslee Investment Iscotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended) and Accounting #nd Reporting by Charities Statement of Recommended Practice, applicable to ¢harilies preparing Iheir accounts in accord8nce with the Financial Reporting Slandard applicable in the UK and Republi¢ ol Ireland (FRS 1021. Obiect5ves and actiylties Thè C13rsach Society exists to promote and encourage the playing of the Clarsach, and to preseve ils place in the national life of Scotland as one ol the most ancient instruments in Scodand and lo loster il5 psa among all the olhei Celtic ti8dilioNs and in Ihe wider international ctsmmun>ty of the harp. The SelY now has 14 iegional branches Ihioughoul the UK. and a Branch which is a spe¢i81 interest group for wire stDJng harp enthusiasts The Head office operates the harp hire service. MLJSIC sales and the administration ol the Society. The SocAety organises the Edinburgh International Hatp Fesb"val Éach spring. Slgnificant activities during the yer The Soaely's regular activities include harp hire, s¢holarships, holding classes and workshops across Ihe branches for darsach players of all abilities. The Edinburgh International Harp Festival w8s held in Aprll and was very su¢¢esslul. On 1 Juty 2024 the Shetland Branch of Ihe Society was formed. A group of Clarsach players on the island applied to join the Society 8rTrd the braneh has now started activitie5. &gnificant use of voluntse The Society ielie5 heavily on the support of their members 8nd the Branch Committees who give their lime and efforts fieely lo the soriety. Achlevem¢r)ts and perforniance Financial review Income has redu¢ed to £196,37512023.' £208,970) while resources expended have increased lo £216,26012023'. £211.0011 resulting in a deficit of £19,88512023.' £2,031). The defi¢it is stated after charging depre¢talion on harps of £22.06812023: £21,113) The SorAely'5 main event, the 43Td Edinburgh Intemational Harp Festival was held in person at George Walsons College with an online offering as well. 11 was well received by all the p8rticipanls. Grant funding redLKed from the previous year and a deficit of £17,234 was reeorded12023.' £5,977). The surplus from Branch actwitie5 totalled £1.45412023. £11,480). Rèsèrvès Polley The level of reserves held by the charity is £375,602 although £199.924 of this represents the nel book value of instruments and olher assets owned by the Society. It is the obiective Df the Society lo maintain sufficielll ieserves in order to enSUTe Ihal day-lo-d2y operations can continue and that liabilities can be met. All the reserve5 currently held by the Sofyiely ale ¢onsidèred by the Trustees lo be unreslrictod except for anonymous donations of £2,000 received in 2019, 2020, 2021. 2022 and 2023 which are used lo provide s¢holarships. The balance on the restricted fund at the end ol the previou5 year was £7,670 and after scholarships tot8lling £1,080 were paid during the year, a closing balance of£6,590 Temains al 30 2024. Risk As$e¥$ment The TTuslees have consided the major risks lo which the Sory8ty is exposed and systems and procedures to manage those ri5k5 are in pla.
THE CLARSACH SOCIETY {COMUNN NA CLARSAICH) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EMDED 30 JUNE 2024 Plans for futtsr9 periods Plans lor the futur* The Society plans lo contiriue with its main obiaaives, and the strategy Continues to be Ihat OLrtlined above. 11 is planned Ihal Ihe Edinburgh Inlernalional Ha¥p Festival will be held al Gèorge Walson$ College in Spring 2025. Signrficant post balance sheet èvent On 27 January 2025 a very gènorous legacy was Te¢eNed Irom the estate o a lormer Iruslee ol the Sociely. It is very muth apprecsated and v4111 bè used Inttially to pwchase more harps tor thc Society. Struclur•, yovernance and managombnt Hlslorlcal Infomiatlon Tbe Sotsety was fomièd at Dingwall dLtring the National Mod In Septembor 1931. The Sooely L8 an unincorpor81Èd 8sso(>alion and is registered as a Scottish Charity. Govomance Stru¢tur¢ The Society is governed by thè Charities and Trustees Investment Iscottandl Act 2005. Ihtt Charities Accounts Iscotiandl Regulatn$ 2006 las amended) and the TEUSI Deed ol thè Charlty; and in furth9r order of preced¢nce'. thè CDnsitlulion and Rules as agely by the Society in Gener81 Meetg.. motions pa55ed by the Society in Genèral Meeting. The Exe¢utlve Counryl is the g¢vemnig body of the Society and meets a minimum of a yèai. Day- to-day management ol the Sodety is by Ihe Finan end Adrninistration Committee and theAdminiEtrators.
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The trust8es who seNÈd during the year and up lo the date ol sign8luie ol the financial ststemenls weie.. President- Isobel Mieras MBE Vice President-. The President olAn Comunn Gaidheala¢l) lex officio) Current Executlve Councs1-Tntslees: (from B Apfil 2024} (until 8 April 20241 (from 8 Aprll 20241 (from 8 Apiil 2024} lfrom 8 Aplil 2024) (from 8 April 20241 lunlil e Ap¥il 2024 (from 1 Juty 2024) retary-Truslee: r.TnteQ: minl8tratOT8'. lftom 11 September 2023 to 12 May 20241 Ifitsm 21 Oclober 20241
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Appolntment of Trustees El&dions are held annualty by the sIety in General Meeting. Only So¢iety tnernber5 may be elected to the Execulivs CouncA and when eleLed they 8Utornatically berme Truslees. The Corlvenor 8Thd Vice Convenor, the Gaeli¢ 3dvisèr and six elected members are elected annually. Thtr 8r3nches each appoint annually a Brarnch R2piesenlalive lo the Executive Counal al the 8ranch General Meetlng who also be¢tsme Trusteos. The Society holds a Trustee Indemnity Insurance policy. Soclety Membershlp The Society FS based in Scotland with A UK wide membership and some members residenl abroad. Members join through one of the fourieen bTrnches of the Swely wh have some autonomy bth which are nol indepet)dent, auionomou6 botti86 The Branches operate under Ihe Clarsach So¢ty Charity reoistr8b.ors Tr)ber. TnE¥tees' Respon$ll>illlles In rel#ti)n to the Accounts Chyrity law r8quires thÈ Trustees to prepare finanLyal statements for each finanoal year whTeh giv¢ a true and fair view of Ihe ¢harity's financial aciivities during the year and uf rts linan¢ial postb.on at the end of the yeBr. In preparing finanrAal statements giving a true and fair vtew, the TnJsteES should follN bèsl practice and.. Select suitable accounting policies and thèn appty them ¢oTrsi8lenlly'. Make judgements and estim31es that 8rè i¥asottablo and ptudenl., State wh&ther applicable accounting sland8rds 81)d statemenls of fecomniended pra¢tice have been fomowed, 8ubje¢t lo any departure8 di8closeiJ arHI explained in the financial statements., and Prepare the finanrAal stalemenls on the going ¢on¢ern basis unsS rt is inappropriate to presume Ih81 th ch#Kly wtH ¢oftty'nue in oppiatlDn. The Trustees are respDrbsib5e lor keeping proper accounting lecords which di8dose with reasonable acGuracy al any ttme the financlal posllion of lh8 charlty and whleh onable thern lo ensuro Ihal the finanoial stalemenls c(wnply wrth Ihe CharFties and Tnjstoè Inv6slmèni ISu>ltaTrdl A¢1 2005. the Charilies Accounts IS¢ollandl Regulali0Tr5 2006 {85 3mendtsd} and the Trust Deed of the charity. They are also responsib lor safeguarding the assets of the chality and hence foi tsking reasonaLle steps for the prevention 2nd detection of fraud other irregularities The Trustees have agreed lo continLte lo have the accoklnts Independently ex8mine<l Thi8 report has been prepared in 8ccardance with Accounting and Rewling by Charities.. Statement of RmMend&d Practi1 8ppli¢abla lo charities preparirlg Iheir aOUnts in actordance with the Ftnancial Reporting Standard applicable in UK and Repu¢ of Ireland IFRS1021- IChaTlties SORP IFRS 1021}. the Finandal Reporting Standard aPKable in UK and Republic ol Ireland IFRS1021. the Charities and Tiusiee Investment (Scoiland) A 2W5 and the CharrtS Accounts (Scollandl Regulatn$ 2006 las amended). The Irustee5' report was approved by the Board of TfUSt¢es. Tru¥l•o 6 March 2025
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH> INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CLARSACH SOCIETY {COMUNN NA CLARSAICHI I reptsrt orts the fin¥noal statements of tho ch8rily lor the y63r enrted 30 Junè 2024. wllch arg $¢1 out on pages 6 10 18. R¢8pè¢llvo rèspons5bllitles of trust905 and examinèr The ¢harity's Iruslees are responsible for the propar81ion of the firrancial statennls in a¢cordar¢e wrth the terms of the Charilies and Trustee Inveslmenls (Scotlandl Act 2005 ènd th& Charities Accounts Iscollanll Regulations 2006. The charity's Irustees consider that Ihe audit iequiretnent DI Regulalion 10111131 lo Icl of the 2006 A¢coun15 Regytslions does rt 2ppJy. It is my responsibility lo exarnine the financial slalements as requid under tsection 4411llc) ofthe Act and lo ste whelhef particular mattefs havo ¢omo to my attenlion. Basis of independent examin8rf8 ststomvnt My 0MIatr.0n Is ¢arried out In accordance with Regulation 11 of the 2008 AccontS Regulation$. An examination illcludes a r¢ttW of the accounting records kept by the charity and a o)mparison ol the finèrndal stements pre$enled with those records. It also includES considerdlion of any urnusual ilems or disclosures in the rinancial slalemenls, and sÉÈks Èxplanalions from the trustees concernin9 any suth matt¢is. The procedures undertaken do not provide all the ewdence Ih8t would be required in an audit and consequently I do not express an audit opinion on the view givers by the financi81 slalemenls. Indopendent examinevs ststement In conneclion with my examinalion. no malter has come to my attention.. (#) whit gives me reasonabfe eause to bel*ve that in 8ny material iosp&¢t the reqirementS'. to keep accounting records in accoTd¥r)¢e with seetion 4411) (a) of the 2005 Acl and Regvlaton 4 01 the 218 Accow)ts Regulations., and lill lo prepare financi81 slatemenls which accord with the accounliTrg records and Gomply with Re18110n 8 of the 2(n6 Ac¢ounls Regul8lion5-. have not been mel or ttention should be dfawn ordw lo enable a proper understanding of the e8¢hed. &,evan 10 ossiana. & Institute of Chartered Attountanls in Eng1an¢ and Wales Johnston Smillie Ltd 5 Soulh Gyle Crescent Lane Edinburgh EH12 9EG Dated." 10 M81¢h 2025
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 UnrÈ$tr&ctèd Rèstricted funds fund$ 2024 2024 Totsl Totsl 2024 2023 Note Income from: Donations and legaues Charitsble activities Investments 17,709 178.028 638 17.709 178,028 638 36,943 171,661 366 Total income 196,375 196,375 208,970 endlturè on.. bl iv Branches Head Office FeslNa 64.692 53,733 96,755 64.692 54,813 .755 56.013 61,804 93.184 1.080 Totsl charitsble expendituré 215,180 1,080 216,260 211,LX)1 Nd expendlturn tor thè y¢arl Net movement In fvnd$ 118.8051 11,0801 119,8851 12,0311 Fund balances 811 July 2023 387,817 7,670 395,487 397.518 Fund bolan¢Fs at 30 June 2024 369,012 6.590 375,8Q2 395,487 The staternent of financial activities indudes all gains and losses re¢ognised in the yeaT. All income and expendilure derive frorn continuing aclivities.
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) BALANCE SHEET AS AT30 JUNE 2024 2024 2023 Notes Fixed assets Tangible assets 11 199,924 202,718 Cufrnnt assets Deblo Cash al bank and in hand 12 413 180.881 413 197.670 181,294 198,083 Credltorn: amounts falling due wthin one ar 13 15.8161 15,3141 Net ¢urrent aBsets 175,678 192,789 Tot•1 ¥$¥ets I5 current liabilltEes 375.602 395,487 The lunds of the chaflty Raslrictod incomfr funds Unreslricled funds 15 f6 e,590 369,012 7,670 387,817 375,602 395,487 The firiancial slalemen15 yvere appigVEd by the Iruslees t)7 6 m?h 2025
THE CLARSACH SOCIETY {COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting pollcies Charlty Infom)atlon The Cparsach SoeiÈty (Comunn na Clarsaichl is an unincorporated ¢harity. The registered office address is Studio G43, Out of the Blue Drill Hall, 36 Dalmeny StreeL Edinburgh, EH6 8RG. 1.1 A¢¢tsunting conventlon The financial stafements have been prepared in a¢¢ordance with Ihe chartiy's con$lilution, the Charities and Trustee Investment (Scotlandl Aet 2005. the Charitie5 Accounts (Scotlandl Règulations 2006 las amended) and "Accounting and RÈportin9 by Charities.. &atemenl of Recommended Practice applicablo to charities preparing their accounts in SOrdan with the Financial Reporting Standard applicable in the UK and Republic ol Irtrland IFRS 1021. las amended for accounting periods commencing from l J8nuary 20191. The ¢harty Is a Public Benefrt Entity as defined by FRS 102. The charity has iaken advanlage of the provislons in the SORP for small charities not to prepare a Statement of Cash Flows. The financial stslemenls are prepared in sterling, whh is Ihe fu¢Tr¢tional currency of the tharity. Monetary amounts in thèse financial statements are rounded lo the nearest £. The financrdl statemènts have been prepa under the historical cost convenllon. 1,2 Golng COnM At the time of approving the ffinancial statemenls, Ihe twstees-have a reason8bSe expe¢lalion that the charity has adequaté resources lo continue operational existence for the foreseeable fuluie. Thus the trustees continue to adopt the going concem basis of aoUntIng in preparing the financial statements. 1.3 Charltablè fund$ Unrestricted funds are donalions other incoming resources receivable or generated for the objects of the charity wilhoul specthed purpose and are available as general ftjnds. Restricted fund8 are to be used for specific purposes as laid down by the donor. Expenditure whith meets these criteria is charged to the fund. Funds which have been designated for capital purposes, for example tho harps owned by the Society. are available for use at the Trustees. discretion. 1.4 Incomlng rOUrC&S All inCLiming resources are recognised tsn¢e the Society has enlitlemenl to the resources, it is certain that the Tesources will bg received and the monetary value ol incorning resources ¢an be measL4red with suffiaenl reliability. Grants of a rtrvenue nal¢Jre are credited lo income when the Society's right lo the funds becomes unndItIonal. Donations are creditod lo income upon ie¢¢ipl, Income is deferred where conditions attaching to the receipt have not been mel and the Society's enlitlemenl lo those funds is not therefore certain.
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng polici (Continuedl 1.5 Resources expèndèd Liabilities are recognised as resourcès expènded as soon as there is a legal or constructive obligation CDmmitting the charity to the expènditurÉ. All Èxpenditure is accounted for on an accruals basis and has been classifsed under headings that aggregate 811 costs rolaled lo the category. ITrecover8ble VAT is ¢hafged against the category ol resources expended for which il was incurred. Charitable expenditure mpriseS costs incurred by the ¢harrty in the delivery of rfts seNi¢es and activrtie5 and grants made On an un¢onditional ctsmrnitment to pay the grant is made to the recipient or the grant is paid, whi¢hever is earfier. Costs are allocated dependent on the activity categories of the resourees expended. No ¢osls are apportionèd. funds The costs ol iaising lunds consist of the ¢osl of advèrtising and costs of goods sold relating to the Edinburgh Inlemalional Harp Festival. Charitable actiwtiÉs Costs of charitable activities indude all expenditure for the day to day running of the Society, including the running c051s of the festival, putling on concerts and courses, Irav&l expenses and other running costs. ov rnance SIS Governan costs comprise all costs associated with the govern8n¢e arrangements of the Society which relate to the general running of the So¢iely. Included within Ihis category are any costs associated with the slr8legic as opposed to day lo day management of Society's activities. Soholatshi rants Scholarship grants payable frorn the restricted seholarship fund are recognised as a liability when a ncondilional grant offer has been notifietj to the successful applicant. Grants amounting to £1.080 were paid during the year. Leasin Rentals payable undef operating leases are tharged against in¢omè on a slraighl line basis over the lease term. 1.6 Tangible fixed assets Tangible fixed assets are inilially rneasud 81 Cost and subsequently rne8sured at cost or valuation. nel Df depre¢ialion and any impairment1055es. All haTPS owned by the Society ale capitalised. Office equipmènt is capitalised al 8 cost over £100. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the followin9 bases.. Office Equipment Harps 20¢h Slraight line SPA Straight line 1.7 Impalm)ent of fixed a$$trts Al each reporting end date, the charity reviews the ¢arrying amounts of rts 18ngible assets to deterrnine whether Iheie is any indication thal those assets havÉ suffered an impairment loss If any such indication exists, the ieox)verable 8mount of the asset is eslimale(S in order to determine the extent ol the impairment loss {it any).
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 A¢counting pollcles ICont5nuedl 1.8 Cash and ¢ash equivalents Cash and cash equivalÉnls include cash in harid, deposits held at ¢all wf(h banks, olhei short-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank ovefdrafts arè $hown within borrowings in curienl liabilities. 1.9 Financial instrumènts The charity has elected to apply the provisions ol Section 71 '8astc Finanoal In51ruments' and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils finaricial instruments. The charity has onty basic nancial instruments which ale measured al Ir8nsaction price. 1.10 Employge benefrt¥ The cost of any unused holiday enlitlemenl is rec4)gnised in the period in whtch the trmployee's services arè received. Termination benefits are recognised immediately as an expense when the charity is dernonstfably cotnmitted lo lemiinale the employment ol an employee or lo prowde lewminalion ben&frts. Crhlcal a¢¢ountlng e$tlmates and judgements In the application of the charily's accountin9 poliaes, the Iruslees are Tequired to make judg8mènls, eslimales and assumptions aboul the rryIng amount of assèts 8nd liabilities that are nDt readily apparent from other sources. The ests'mates and associated assumptions are based on historical experience and other laclors that are conshlered to be relev8nl. Actual results may drffer from these estimates. The estimatès and underlying assumptions are reviewed on an ollgoing basis. Revisions to a¢)Unting estimates are recognised in the period in which the estimate is ievi5ed where the revision affods orily that period. or in the pertod of the revision and future periods where the revisK)n affects both current and luture periods. Incomg from donations and legacies UnrtrIcted Restrl¢ted funds funds 2024 2024 Total Unrestrl¢ted Restrlcted funds fund$ 2023 2023 Total 2024 2023 Donations and grfts Mernbersttip feès Sponsorship 4.516 9,373 3.820 4,516 9,373 3,820 22,684 9,359 2.900 2,000 24.684 9,359 2,9C(I 17,709 17,709 34.943 2,00 36,943 Donation$ and gift5 Bran¢hes Head office Festwal 1.016 657 2,843 1,016 857 2,843 6,168 3,107 13,409 6,168 5,107 13,409 2,000 4,516 4,518 22,684 2,000 24.684 10
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THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Income from Inv•$tmttnts Unrnstrictgd Unrèstri¢t*d funds fund$ 2024 2023 Inleresl re¢eivable 638 Inrne from investments toialled £63812023.. £366}, of which £nil was reslricled {2023.' £nill and £638 was unie511icted12023.. £3661. 12
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Charitable activitie$ Branches Head Offlee Festival Total 2024 Total 2023 2024 2024 2024 Staff costs Depie¢ialion and impairment Cour5eslWorkshops Rent ol office Harp repaiis Travel costs Vtsnue hire & concert StS Phonelprinling elc Misc expensès Other costs Insurance IT and website costs Cost of music folios Advertising Merchandise ind CD'S Cafe costs 18,071 12,344 15,000 33.071 22,309 44.952 6.475 1,402 12,878 44.116 2,075 4,196 6,208 8,330 9,134 597 5,988 5.800 1,588 32,801 21,341 36,692 6,604 5,058 11.229 35,662 2.297 5.962 4,198 7,712 9.048 4,325 8,053 6.468 5,983 9,965 31,417 13,535 6,475 363 2,020 1,039 759 10,793 1,100 10,099 33,323 39 2,196 3,910 936 1.336 3.468 892 9fj2 4,862 2,603 132 5,639 5.626 5.800 1,588 63,234 49,128 96.755 209,117 203.443 Grants and donations Share of goveman¢e cosls (see nolo 71 1,458 2.780 2,905 4.238 2,905 4.930 2,828 64,692 54.813 96,755 216,260 211,001 Analysis by fund Unrestriet8d funds Restricted funds 64,692 53.733 1,080 .755 215,180 1,080 208,371 2,630 64,692 54,813 96,755 216.260 211,001 For the year ended 30 June 2023 Unieslricled funds Restricted funds 56,013 59,174 2,e30 93,184 208,371 2,630 56.013 61,804 93,184 211.001 The Trustees consider there is only one charitable a¢tivity whh 15 to promole and encotsrage the playing Of the Clars8ch. 13
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Support ¢o$ts allo¢ated to activities 2024 2023 Governance costs 2,905 2,628 Analysed between: Charitable activities 2,905 2,628 Trustees Trustees are volunteers and do not recewe remuneration for their services. Tnjstees are rÈimbtJrse(I for Iravel sls in¢urred in running the charity. bLrt no benefrt is gained from this. During the year travel costs and expenses amounting to £2,020 were reimbursed lo IhTee Iruslees {2023.. £725112023.. kn trustees). Employo08 The average number of employees during the yearwa8'. 2024 Number 2023 Numbor Employment eosts 2024 2023 Wages and salaries Pension cosis 32,288 783 32,088 713 33,071 32,801 No ernployee recetved emoluments of more than £60,000. 10 Taxation The ¢harity is exempl from laxalicsn on its activiti'e5 because all its income is applied for charitable purpose$. 14-
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Tanglble fixed assets Offic¢ Equlpment Ha8 Total Cost At 1 July 2023 Additions Disposals 7.106 418 422.255 2Q.895 11.8001 429,361 21,313 11.8001 AI 30 Junè 2024 7,524 441,350 448.874 Depreclation and impaimient Al 1 July 2023 Depreuation charged in the year 6,728 239 219,91 S 22,088 226,643 22,307 At 30 June 2024 6,967 241.983 248,950 Carrylng amount At 30 June 2024 557 199,367 199,924 At 30 June 2023 378 202,340 202,718 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors 413 413 13 Creditors: amounts talllng du$ withln one year 2024 2023 Note$ Other laxalion and soual security Deferred income Accruals 594 1,940 3,082 280 2,543 2,491 14 5,616 5,314 14 D¢f¢rrnd Income 2024 2023 Subscription8 and gr8nls 2,543 Deferied Income of £1.940 12023.. £2,543) con$ists of 2024125 Mernbers, Subs¢riplion$ of £1,316 12023.. £1,414) received in adv8n¢e along with grants receive(1 from Creative Scovand in atfvancè 01 £624 12023.. £1,129) 15
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 15 RastrE¢tgd fvnds The restrieled fvnds of the charily comprise the LFnexpended balances C¢f donations and grants held on Iwsl subject to specrfic conditions by donor$ as lo how they may be used. Al 1 July 2023 Incominy resources Rèsources expended At 3DJun• 2024 Scholarship Fund 7,670 11,0801 6,590 Prevlous y¢ar. At 1 July 2022 Incoming resotsrces Resources oxpended At30 June 2023 Schcilarshlp Fund 8.300 2,000 {2,6301 7.670 Reslri¢ted Funds represents specrhc donatton$ lo fvnd Scholarships. 16 Ilnrnstrictsd funds The unreslricled ftjnds of the charity comprise the unexpended balances of donalions and grants which are ot subject to specrfic conditions by donors and grantors ag to how they may be used. These include designated funds which have been set aside out of Unrestred lunds by the tiuslees for specAfic purposes. At l July 2023 In¢oming re$ouTces Resources expended At 30 June 2024 Hatp Fund Gontral Fund 202,340 185,477 20,895 175.480 123,8681 1191.3121 199,367 169,645 387.817 196.375 1215,1801 369.012 Provlou$ year: At 1 July 2022 In¢oming sourc•¥ Resourcès expendod At30June 2023 Hatp Fund General Fund 205.620 163,598 18,788 188,202 122,11481 1186,3231 202,340 185.477 389,218 206,970 {208,3711 387.817 The Harp FLtnd represents the net book value of harps held by the Society. General F(tnds represents the unre$lrided reserves held by the Society. 16-
THE CLARSACH SOCIETY (COMUNN NA CLARSAICH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 17 Artalysis of net ossèts bètsvèen funds Unrestrjcted funds 2024 Re¥tri¢ted funds 2024 Total 2024 At 30 June 2024- Tangible assets Current assetsllliabililiesl 199.924 169.088 199.924 175,678 6.590 369,Q12 6,590 375.602 Unrestrlcted funds 2023 Restri¢tsd funds 2023 Total 2023 At 30 Jvne 2023: Tan9ible assets Current a5selsl{liabililiesl 202.718 185.099 202.718 192,769 7.670 387,817 7,670 395.487 18 Operdtsng lease commitmènts Lg$s•e At the reporting end date the charity had ou15t8nding commitments for ftjture minimum lease payments under non-cancellable oper81ing1è3ses, which fall due as follows.. 2024 2023 Wilhin one year 540 540 19 Rèlatèd party transactions Related p8rty transactions during the year are detailed at Note 8. 17