Lochs Gaelic Choir Report and Financial Statements Year Ended 31 October 2024
Lochs Gaelic Choir A rctLTed OLlIsh Charity USCR numbcr SC030323 Contents l.egal and Adminisirdtike Dddils Rcport of the Commiiiee foI ibe Jear ended 31 October 2024 Indcpcndcnt ExdtThiner"s R? Financial Activities Statement RdI(ce Shccl Nules futlliing part uf ilLC FindnLidl Stalcmculb - Ycar cndc4] 31 Outobcr 2024 L&1 and Admlnlstradve Dctalls OSCR Umber SC030124 IR SLUttish CbArit¥ Number CR 49816 Office Bearers 2021-24 Bankers Bank of 8corl&nd 47 C'.romwcll S¢¢1 Stomowdy Isle of L£wi.I Loch5 Gaelic Cboir is a Scottish Charity, OSCR number SC030323
Lochs Gaelic Choir Report of the Commfittee for the year ended 31 October 2024 Constitution The choir is a recognis ScottJ"$hch8xity owatingunderthc of the constibJtion Updatsl and ated ou 28ih March 2022. The tStee5 of the charity are the offte bea[S and committee members elected ai the Annual General meeti who are re¥)087bIe forthe managenntOr the choir. The choir registered 'ith the Office of the Scottish Charity Regulator in June 2005. The principal object of the cknir is t0"advaethe thkncakn'(n of the public in the an of choral music and the Gaelic language. In furtIranC¢ thcrcof, the 0[1SatiOn may ve public pcrforniances and cntcr competitions ai a local or nalional level." Dur1% the yeAr the ¢holr: Tn April ihc choiT Irav¢ll¢dw Ir¢land to renI kodand in the ruwal chornl competition at the Pan Cel Fcstival in Carlow. Choir mcmiyrsalso joinedwith otkr Scottish chcristets io sing in the main and mcns chordl ¢oinp¢titions. Whilst nvl winning thc COTnpctition5 the choir eThjoyed meeting and perforniing alongsidc rep$¢[&[1vCS of Ireland, W41ks. BTclon and Cornwall. Once again. rhe L£sLhs' Show in July allowul the choir io do some fundraising by running the Tea Shed whilst also raising the profile of the ¢hoir in the local communiry. Choir membership increasoj a lillle and il was very encouraging lo see yOUnr people coming along to sing with us on a Mnnday ¢v¢ning. Throughout the year there We a few weeketml Worksh which allowed Choristers fr(m thc mainlund to attcnd in person at these were esperially helpful in the run up the Royal Naiional Mod in Ociober. Thc choirenjDydanotherSucccss] RoyalNational Mod, this y¢arh¢ldin Oban.The choirwon thePuirt a Beul atid Ladies compclilion% and placed seLvnd in thc l.orn Shicld. Inveytment Pollcy •nd Performance In accordance with theconstitution. the conductor. treasurer and secretary have thc power to invest iti heritable proF¢rty aThJ thvestments recognis accorth'ng i() the tAw of ntland a8 bw8t invcstm¢iits. Thc choir's reserves are held in bank accounts in order tctr meel nornial operatinnal requirements. OvLr a period of around 6 yearsthe Modeirculates &rouTrJ SeLland and some venues are more expen%ive than othcrs to attcnd On this basisthe c11r alTr to retain sufficient funds SnKJoth the &mount needed from fundraising and subscriptions ycar on year. Rlsk Min*geJllenl Thc choir doLs not boOW fur&.. The ckniT k-ilts,skitts. f le£4ZS, song folde andequipment are stored in Ihc homcs of in(b'vidual choir membeTS and covered by iheir household insuT&nce. Purchaseq are not agTeed without the necessary funding being in place. The committec are salisficd that ihcse measures mitigate any expose lo risk. Commlttee Members, Respon5ibilltle5 As well as being Trustees for the charity the committee (inrluding the office bcarcrs) of Ihc Choir is rcsponsible for organising activities and for the complianc¢ of ihc Choir and it5 aclivilics wilh all Ihc appropriate legislation, including thc taw Rcfomi (Mi5ccllJncous Provision)(Scotland) Act 1990 und supporting regulations. Funds Policy Lochs Gaelic Choir is a Scottish Charity. OSCR number SC030323
Thc geneml fund repr¢x¢nts the accumulated unrestricted funds from pLst years. The re8tricted fund Travel Sai'itLgs reprcsents. pul dside by indi1U1 Lh(iir membepl fi)r futu r¢ TrN'¢l. Th¢ Trav¢1 Fuiid con%i4L%' of hisrlL sponsorship and travel specific momics pul aside hv th¢ choir as a u,h(Jle for funLre travel. The choira]s'o 0rdteS d 100 LLub fly 1hepursesOffUN(l rai%in& the halatK¢ of wlii¢h is available (0 support the u'ork of the Lhoir Part of tbe geneidl fund. .4ppn)ved by the committee and signed on their behalt by Dale 2.G.a Lochs Gaelic Choir is & Scotiish Cknity. OScRnuber SC030323
IndependeDI Eiaminer'5 Report ID the Trustee8 of Loehs G&e]k Chofir l Teport otj the &ccounis of the charit) for the >ear ended 31 Ocrober 2024 which are appended. Respecthpe respnnsibilities of trustres and e¥amlntr Thc Lhoir's trust5 ¢1¢¥p)nsib foT thc PT¢pardlioll ofthcaccoutAs ID accorda with thc 1¢rn ol. thc Charitics dud T5¢ ISL"o¢laud) Act 2(X)f andth¢Chariti¢5 AGwuuis" (k"L)tldna) R¥¥uldlivn¥ 2006. Th¥ Lhvir trus1[[151dCi thdt th¢ audit qball vf R¥gui4ition I1) (a) tu (c) oCth¢ A(xouuts Rcguidtion5 duc5 n(rt dppli.. It 15 iuN' rc5whn5ibility" Li cxatuinc thc accouuts. ab Icquitcd undu srliion 4411) {c) of the Act Jnd to srate whether partieutsr fftvdtterg have come to my attention. B2sls af IndependÈnt eYamlttÈr's siatemtnt My examinauon is carried oui in accordance i¥ith Regulaiion I l of the Charities Accounts (Scoiland) Regulutions 2W6. An e.iamirMtÉoninclles a rel4e, of the accoulltillg Te£ords kept by the choir aDd a cotnparison of rhe &¢counts prthcntcd with thC rcc(Yd8. li also includes considctalion of any unuguAI items or disclcbsures in theaeeounLg And se¢ks cxplttnatiffi$ from thc tmst¢os emrnIng any such matters. The procedures undertaken do not provide all of the ei'idence thai iTrould be required in an audit, and ns¢qu¢nily I do nol CxprS an audii opinion on th¢ vicw giv¢n by th¢ ac¢oun(s. Independent exuminer'$ st4¢en*D¢ In the course of my examination. no maller has lo my all¢ntion whiih m¥ r¥415vnablL L¢lUSI" lo b¥licvc tliai in an& mal¢rial respe¢1 thc requirem¢nts'. o to k¢ep acc(Trunring r¢¢ords in accord¢1th Seciion 4411) {a) of the 2tX)S Acl and Rcgulalion 4 of thc 2(Kb6 Accounts Rcgularion5, and o lu pr¢p4r¢' aLwufiis whJ¢h aord with thL aW)uniingw rcLord¥ and Lomply with RLbwldiiun 8 01 rh¢ 200CJ Aeeounts Rcbwlationb h#ve lint heen meL or to whicli, iii n)y opinion, atteiititsn should be drawn In order tt) ¢n#bl¢ a proper undergianding of the account8 co be rcached. Lochs Gaelic Choir is a Scotlish Charity, OSCR nurnber SC030323
Statement of FlnanelAI Acthllles Locbs Gaellc Chotr l No%'ember 2023 to 31 October 2024 Previous Year Unrestricted Restricted Funds Travel Travel FuDd Savlngs Tot&1 Incoming Resources In¢omlng Resoprees from g¢TherAl¢d fDnd Voluntsry income Member subscriph'ons Gift aid note I Donations 7.125.00 1,781.25 850.00 9,756.25 10.995.00 2,873.75 4,661.68 18,530.43 10,995. 2.873.75 4,661611 18,530,43 Activities for generating funds Fund rdising 100 club 6,983.51 818.00 7 801.51 3,082.87 886.00 -1,968.117 3.082.87 886.00 3,968.87 Investment income Bank interest 0,00 4R.6fi 48.66 0.00 411.66 4R.66 Rerte1 from Chrltable Acllvlll Grants Pri7.¢S Contributions 350.00 4419.81 4,769.81 325.00 12.638.91 12 963.91 325.00 12 6311.91 12 963.91 Oiher l*tol R¢sour¢¢s MembercontriEAlllos try travel savin&s 2 1,545.00 4.520.00 4.520.00 23 872.57 TOT AL INCOMING RF.SOURCES 35.511.87 4.520.00 40 03 1.147 Resources Expended Cost of generatlni funds 100 Club pnzes Fund fdising COSLS 409.00 S.945.74 6.354.74 443.00 1,651.61 2,094.61 443.00 1651.61 2,094.61 ChArltable Activilles Mod costs Pra¢ii¢e hJll renl Gifts, tlowers, e Mis¢ellan¢ous nole 3 11,948.43 445.00 775.00 2.041.28 15 209.71 25,668.75 500.00 145.44 865.80 27 179.99 25,668.75 500.00 14_5.44 ()5.1111 27 179.99 Governance Cojts Other Resource5 Expended Metnlxr ¢ontribulions repaid 2,078.43 5.786.40 452.00 6.21I.4n 23 642.88 TOTAL RESOURCES EXPENDED 29 274.60 5 786.40 452.00 35.513.(KI 229.69 NET MOVEMENT IN FUNDS 6 237.27 -5 786.40 4 06R_00 4 5 IR.A7 32 920.21 FUNDS BROUGHT FOR WARD 24,648.15 6.047.75 2 454.00 33 149.9) 33,149.CK) FUNDS CARIUED FORWARD 30,885.42 261.35 6.522.00 37,&68.77 BaJaDce Sheet for Lochs Gaelic Choir at 31 October 2024 LA)chs Gaelic Choir is a Scottish Charity, OSCR number SC030323
31.IOJ011 Cllrrenl Assets 4.382.50 0.00 29,X73.40 34.2$5.90 Debtors nnte 4 Prepaid kioie J C'ash al Bank and in hand 3.073.75 22,079.52 12 785.50 -37,9_4R 77 Currtnl Liabilities Creditors falling due in less thall l year nole 6 I.IC)6.00 270.00 33 149.90 Net Assets 37 668.77 Rc5trictcd 7 Travcl fund TThbvcI Savings 6.047.75 ,4f4.00 8.5UI.75 24.648.15 Unrestricted Funds 6.522.00 2()1.35 6.783.35 30.885.42 33,149.90 Tot*1 Funds 37,668.77 pproi'L rieLs, signc on eir behalf b¥ r)ate Lochs Gaelic Choir is 2 Scottish Charity, OSCR number SC030323
Lochs Gaelic Choir Notes forniing part of the Financial Statements Year ended 31 October 2024 General Aeeounting Policies Basis of Accountin Thc accounts haie been prepared under the historical cosi convention. Grants Receiv.. Grants are cr¢xlitLYI as Incon ID the ye& in which thcy arc received a8 until that point they are not cert&'n. However, an[S paid before the aciiviry for which they are made are recorded As unearned in¢ome. Other Incomcand F.x ]Mlimr& As far as is prdCti(3blc all oihcT inconK and all cxpc7Jditurc is accounted for on an a¢cruals b&3is. The choir is not rcgi5tcred for VAT xnd therefore where VAT has been charged ¢xpcndi¢urc figur¢s arc showi gros5. Assels other ih(in cash.. Th¢ choir members have thc of choir skiTts and kilts. which arc rets]rned to the choir when not required IOT the use ofoiher members. The low residual value of second-hand clothing eans that there Is no significant financial i'aluc in these assets. Note l Glft Ald a chdrily thc choir can b¢n¢fit from the gifi aid regu]ations that allo. charitiesto reclaim basic rate tsx on donaiian$ made by tax paying individuals. Thc intcnlion is thal all donors and contributors arc a5kcd il'thcy will complciL' il Gift Aid Dcclara(ion to enable these claims to be made. Note 2 Members Contrlbutlons These are savings contribulions from members specifically for futyre overseas travel. Note 3 Mtscellaneous Membership of Association of Gaelic Choirs Mbd enty fecs, Sibehus, music LO¥t¥ Engrdvins postage eic 25.00 646.80 194.00 865.80 Note 4 Debtors Subs outstsnding 23-24 Gifi Aid to b¢ Llaim¢d 200.00 2 873.75 3 073.75 Note 5 PrepAld Hol¢1 a¢¢ommodation for NYC Tartan Week April .25 Fligbts for NYC Tartsn W'cck .25 3,893.16 18,186.36 22 079.52 Note 6 Credltors Subscriptions paid in advance 270.00 270.00 Note 7 Fund4 Lochs Gaelic Choir is a Scottish Cbarity, OSCR number SC030323
The choiroperatcs a 100 club. The in0)£ from this is av2ilablc for the generdl puTfyose5 of the choir and thctEfore although at opttateg thmugha separatcbank account for convelliencc it docs not constimte a restricted fund. Th¢ choirhas also choscn for administrative purposes to keep a scparnle bank account for tneome raised for trps aaY from the island,otherthan to the Ro}?21 National Mod. These monies are tr¢at¢d a5 tw(1 SCP41fd funds the Travel Fund And TTavel Saving)". There is an operating principle of retaiDiug our 5PIMJ50Ill"p funds, donatiorLS, contribJti(s and any interest eamed from the travel accouutba1aThcesithin the travvl lund. The Travel Savin8s belong to the individual choiT members wbo have paid them into the Trdvel A¢c(bunl whereany inter&qt they earn a¢cTues to the Trdvel Fund. The balance on the generdl accoimL and thcbalonc¢ on the l (MI Club account fotmthc unrestrKl¢d funds of the choir. tochs Ga¢li¢ Choir is a Scottish Charity, OSCR number SC030323