Glenrothes Amateur Musical Association
Annual Accounts for the Year Ended 30 November 2024
Charity No: SC037569

T￿steeS, 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 Ch￿tY 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 Ye*r ¢uded 30 November 2024
u￿r￿tr1¢ted
Funds
2024
Tot*1
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.