Glenrothes Amateur Musical Association Annual Accounts for the Year Ended 30 November 2024 Charity No: SC037569
TsteeS, Annval Report Yexr ended 31J Nnvember 2024 The trustccs pre3¢11t Ilie aiiiiu<il port and ilC¢OUI)ts for the Glenrothes Amateur Musical AsSUVi&tiun for ihe year ended 30 November 2024. Reference and Administrntive Jnforniation Charkty Name: Gleniothes Amoteur Musical Associati¢)n Lharifv Registration Number: SC037569 Contact Address: Truste¢s List all trustees who served at any tiine during the year up 10 the dale of signing the accoullts.
Truste¢s' Annual Report (Continued) BAnkers Bank of Srotland 9 Falkland Gate Gl¢nrothes KY7 9LW
Trustees, Annual Report (Continued) The Charities Objectives GAMA'S objectives shall be to advance thc education of the public in the arts, in particular musical and dramatic art%, by the presentation of public performances and other related aclivities and in furtherancc thereof to present at least one musical production each year. We will also show similar efforts in relation to our youth gToup, GAMA Youth. Manner of Appointment of Trustees New trustees are appointed by the group's members. The trustees are made up of the management commilte¢ of the unincorporated association who are elected at thc annual general meeting nornially held each year no later than the end of March. The office b¢areTs of President, Vice Presidcnt. Secretary, Trcasurer, are all annual appoftntments. The President can only serv¢ for a maximum of 3 vears. The other 7 members serve for 3 years bcfore being put forward for re-election. Achievements and Performance We perfornied 6 perforn]ances of th¢ musical 'Crazy for You. to a very appreciative, though small, audience. Our Youth group perfornicd 'High SLhool Musical,, where again. the talents of the youngstcrs continue to surpass expectations. The National Operatic and Dramatic Association were very complimentary about both productions in a report given by their represeniative. Reserves Policy The reserves arc held in ordeT to ensure that there is sufficient resourL'es to fund the next musical production which the association has planned to perfonn. Financial Reviem, Principal sources of funding OUT principal source of funding is from our box office receipis, memberships and donations. Re8ults for the year 'rhe Financial Statements ghow the total income for the year to bc £56,030 and th¢ total Icsourccs expended to be £56,793 resulting in a loss of £763. Grant making policy The Association will continue to make funds available for educalional courses and has awarded funding to groupq requiring assistance in the arts. Due to circumstances outwith our control no donation was given to St Columba's Church within this financial year. We also encourage our educational programme within our Youih section. Statement on risk The trustees asses8 thc majoi risks to which the ChtY is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a result of these reviews.
TrusteQ5' Report {Continu¢d) Truslees responsibilities UIiLler l¢gi4lÉiliuii relaling 10 charities in Scotland. the trustees are rcquired to prepare yearly Financial tatemcnts which giive a true vicw of the state of the Association's affairs and of its incoming resources and application of resources, including its surplus or defiLit for that year, and which havc been properly prepared from and are in agrccment with accounting rcoords of ihe Absociation and comply with relevani disclosure requirements. In preparing those Financial Statements, thc trustecs arc rcquircd to: Select suitable accounting policies and thcn apply them consistently. Observe the methods and princtple4 in the Charities SORP 2005 Make judgements and cstimatcs that are rcasonabl¢ and prudent. Statc h¢ther applicable ac¢ounting standards have been followe(L subject lo any material departures disclosed and explained in the financial 8t2tement Prepare the Financial Statements on thc going concem basis unless it is inappropriate lo presume that the association 11] continue its activities. The tNstees are responsible for keeping propcr accounting rccords which disclose with reasoiiablc ¢urdCy at any lime (he Association's financial position and enable the trustees to ensure thal the Financiat Statements are prepared in accordance with the ternis of ihe Charities and Trusiee Invesirn¢nt (Scotland) Act 2005 and the Charities Accoiints (Scotland) Regulationg 2006 (as amended) and the provisions of thc charity's constitution. 'Ih¢ trustces also Iiave a gciiei'dl 1'¢spoiisibilily fur laking such steps as are reasonablv open to th¢m to safeguard th¢ Association's assets and to prevent and detect fraud and oiher irregularities. On behalf of the trustees Signed Ilu
Glenrothes Amateur Musical Assoeiation SC037569 Ind¢pcndent Examin¢r's Report to the Truylees Of Glenrothes Amateur Musieal Association I report on thc accounts Of ihe charit). for th¢ year end¢d 30 November 2024 which are sel out on paEes 6 to 12. Respeclive responsibilities of trnstees and examin¢r The charity's Irvslees are r¢sponsible for th¢ preparation of the accounts in accordanc¢ with the tems of the ChaTlties and Trustee Investment (Scotland) Aci 2005 and the Charities Accounis {Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) {d) of the Accounts Regulations does apply. It is my respon5ibilitv to examine the accounts as required under s¢ctiDn 4411) Ic) of the Act and lo state whether particular matt¢rs have come to my attenllon. Basis of indep¢ndent examintr's state¢£ My examinaiioll is carricd out in accordanc¢ 1th Regulation I l of the Charities Accounts (Scotlandl Regulations 2006. An examination includes a review of th¢ a¢couRting records kept by the charity a COTnparison of th¢ accounts pr*entcd with Ih<w records. It algo includes consideration of any unusual item5 Qr disclosures in thf accounts. and %eeks explanations from th¢ trustces concerning any such matters. The proc¢dures underrdk¢n do not pmvtde all the evidence that M'ould be rcquired in an audit, and cons¢quently I do not express an audit Oplliion the view giv¢n by the account8. Indcpcndent ¢xaminer's statement In th¢ course of my examination, no matter has come to Tny attention l. w,hich gives rne reasonable cause to b¢lieve that in any Tnaterial respe¢1 the requiremenrs.. keep &cc4)untKng records in accordance with section 44(11 (al of the 2005 Act and regijlation 4 of the 2Q06 Accnunt8 Regii13tions. and - to prepa accounts i¥hi¢h uccord with th¢ a¢countill8 re¢oids and cojnply with Regu141tioT] 9 f ihc 2006 Accounts K¢gulaiions ]wv¢ txvn iJKL or ? to wlii¥li, iii Iiiy vpittiun, 4lt¢niion should be dram in orderto enable a propeT understanding of the accounts to be reached.
Glellrothes Amateur Musical Associatio Statement of Receipts and Payments For The Yer ¢uded 30 November 2024 urtr1¢ted Funds 2024 Tot1 2024 Total 2023 Note Receipts Donations Rcceipls from fundraising a¢livities Gross trading receipts Income from investments other than land and buildings 13,240 10,245 32,252 293 13,240 10,245 32,252 293 11,724 10,572 29,414 249 Total Receipts 56,030 56,030 51,959 Paymeuts F.xpcnses for fundraising activities Gross trading paytnents Donations 2.204 54,189 400 2,204 54.189 400 ,616 50,562 Total Payments 56,793 56,793 52,178 (Deficit) for year 763 763 219
Glenrothe5 Amateur Muqical Association Statement Of Balances For Th¢ Year endcd 30 Novernber 2024 Unrestricted TotAI 2024 Total 2023 Ilote 2024 Casb Funds Cash and bank balances at start of year {DeficitySurplus on receipts and payments a¢count Cash aml bank balanc¢s at end of year 26,243 -763 25.480 26,243 -763 25,480 26,462 -219 26,243 Signed on behalf of the trustees: Dat
Glenrothes Amateur Musical Association The principal accounting policies. which have been applied consistently in the current and preceding year in dealing with items whtch are considered material to the accounLs, arc set out below. Basis of preparation The accounts are prepared in accordance with the Accounting Regulations set out undcr the Charities and Trustec Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006. and with the Charitics Statement of Recommended Practice 2005. The accounts are prepared on a receipls and payments basÈs. recognising incoming and outgoing resources as and when they are reoeived or paid. Nature and Purpo$¢ of Funds runds are classificd as either restricted funds or unrestricted funds, defined as follows. Restricted funds ar¢ funds subject to specific requiremcnts as to their use which may be dcclared by the donor or with their authority or created through Icgdt processes, but still W'ithin the wider objectives of the charity. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income th¢rc frotn is used for the purpose defined in accordanc¢ with the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eamiarked at the discretion of the trustees for a particular purpose. they are designatcd as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to iipply the fund.
Glenrothes Arnateur Musical Assoeiation Grants gnd Donatlons Pavable The association makes grants and donations to othcr organisations whose charitable objects compliment its work. They are accounted for in the year in which they are paid. Taxatlon Glenrothes Amateur Musical Associatloll 15 rwognised as a charity for the purposes of applicable taxation l¢gislation and is therefore not subject to i&xation on its charitable activities. The charity is not registered for VA'I. and resource5 expended therefore include irrecoverdble Énput VAT.
Glenrothes Amateur Musical Ass0¢iation Notes Forn]ing Part of the Financial Statements For The Year ended 30 November 2024 Unrestricted Funds 2024 Total 2024 Total 2023 l Donations Membership Annual Fees Weekly Fees Friends Grants & Donations Gift Aid 7.295 i li 90 4,957 787 13,240 7,295 iii 90 4,957 787 13,240 7,248 76 3,641 759 11,724 2 Receipts From Fundraising Aetivities Events - Con¢crt partylSo¢ial Events Fund Raisnb Catering Sales - 'feas Photographs, CDIDVD etc. T-shirts 5.117 3.120 5,117 3,120 3,034 3.912 1,418 245 173 1,790 10,572 283 607 1,118 10,245 283 607 10245 3 Gross Trading Receipts Box Office Receipts Programme Sales Programme Advertisements Prize Draw Income Scores & Libs 29.385 622 1,322 898 25 32,252 29,385 622 1.322 8gg 25 32,252 26.309 627 780 1.698 29,414 4 Investment income Bank Of Scoiland 293 293 293 293 249 249
Glenrothes Amateur Musical Association Notes Forming Part of the Financial Statements For The Year ended 30 November 2024 Ullrestri¢ted Funds 2024 Total 2024 Total 2023 5 Expens¢$ For Fundraising Purpose5 Social & Educational Events Pri7e draw T-shirts 444 128 1,632 2204 444 128 1,632 2204 230 ,386 1,616 6 Gro35 Trading Pavnjellts Rothes Halls - Rchcarsal costs Box office commission Credit card commission Radio microphones Scenery, props & lighting Costumes, wigs & make-up Royalties Orchestra Graiuities & honoraria Programmes Advertising & publicity Additional hall hires Scores & libs Insurance NODA - Fees, awards. badges. ticket corr Postage & Stationery Sundries 10,435 2,182 494 7,250 4,523 4,091 5,306 5,200 7.330 397 156 2,455 10,435 2,182 494 7,250 4,523 4,091 5,306 5,200 7,330 397 156 2,455 10,198 1,246 698 4,451 7,956 529 4,679 5.366 6,850 1,326 243 791 740 740 725 756 79 1.1 10 1,685 54,189 756 315 79 313 1,110 1,685 54,189 2,394 2,482 50562 Deposit for luture production
Glenrothe$ Amateur Mllsical Association Notes Forming Part of the Finaneial Statements For The Year ended 30 November 2024 Unrestricted Funds 2024 Total 2024 Total 2023 7 Grants and Donations Donation to local charity 400 400 400 400 8 Cash and Bank Balances at Start of Year Scottish Widows Bank B.O.S. Current AIC GAMA 11.O.S. Current A/C GAMA Youth Cash in Hand GAMA 11,000 3,199 12.029 15 26,243 11.000 3,199 12,029 15 26,243 11,312 5,107 10,028 15 26,462 9 Cash and Bank Balan¢¢s at End of Year B.O.S. Bond B.O.S. Current A/C GAMA B.O.S. CuLTent c GAMA Youth Cash in Hand GAMA 10,000 3,012 12.453 10,000 3,012 E2,453 i 1.000 3,199 12,029 15 26,243 25,480 25,480 10 Trustee Remuneration and Related Party Transactions No trustee received any Temuneration or reimbursement of expenses during the year. No trustee OT a person related to a trust¢¢ had any personal interest in any contract or transaction entsred into by the charity during the year.