LOUDOUN MUSICAL SOCIETY Affiliated to NODA Charity No. SC037859 Annual Accounts Year to 31 January 2025
LOUDOUN MUSICAL SOCIETY MANAGEMENT COMM[EE ANNUAL REPORT YEAR TO 31 JANUARY 2025 AlfLliate¢ t¢ NC (r5(n51 The %>ciety was given the opporrunity to participaie in"Thank You for the Music" hosted by New Laigh Kirk, Kilmarnock in Ju 2024. The event was free ro attend and was an opportunity to prornote the perfortnance of tnusic within the local area. A grant wa5 a150 received frotn The Management Cotnrnittee havethe pleasure in presenting thr report and the financial staternents of the Charty for the year ended 31"January 2025. The Management Comrnittee The Manasetnent Cotnrnittee who Served the Charity during the period were as follows.. The New Lai8h Kirk to support the SocieWs performance overheads. This 8rant is detailed in the Financial Review section of the report. In October 2024. the Society successfully staged a production of 'REwf." The Mu51tal.' The Society were able to perform a 4- perforrnance Show week to audience5 atTroonTown Hall followin8 the ck>sure of the Palace Theatre. The show run included a British &8n Lan8uage IBSLI interpreted performance for the third consecutiveyear-the addition proVidedac5slo the perfomiance for tnore than 40 members of the local deaf comrnunity. Contact addr•s$ The Socievs Concerr Party conrinued io enienain at local corntnunity event5. A total of 5 performance event5 were attended and 20 members participated the season. Stru¢ture. Goveman¢e and Management All rhe decisions are made by the Management Committee. The Managetnent Cotnrnittee are elected for a terrn of one year by the rnembers of the A550Clation at the AGM. The exceptioTr to thi5 IS the Pre5identwho serves fortwo years. Financial R•vi•w The surplus for the yearwas £2060. These funds will be ailded to the Society reserves and used to support future endeavours. incorne and expenditure within the year was broadly related to activiries held wirhin the financial year. Risk Manag•m•nt The Managernent Committee have assessed the major risks to which the Charity is exposed, particularfy those related to the operations and finances of rhe Association. and are satisfied that 5VStern5 are in place to mitigate the exposure to rnajor ri5k5. Thi5 year, the Society endeavDured to SUPPOrt many local or8anisations and charities and tnade the folli>wins cotnrnunity contributions.. Comrnun Contribution Providing Free Concert (Thank You ForThe Mu5icI Cojt £1,035 Invejtment policy The Manasernent Comrnittee have considered the most appropriate poliryfor investin8funds and has found that an instant accesg savings accountgives the best level of security and flexibilitv that the charity currently requires forthe 5ocieVs funds. Harbour Ayrshire £1,267 Ayrshire Cancer Support £i(K) 518ging BSL Inrerprered Performance £250 Obje¢tr¥es and AGtivitie¥ The objectives and activitie5 of the Society are as follow3= To advance the education of the public in the perfortnins art5, particular arnateur musical theatre. To study and prornotethe performance and appTeciation of tnusic and social activities within the local cotnrnunity. To 5UPPOrt charities and local or8anisations as deerned suitsble by the Society, wheTe this furthers a charitable purpose. Total Comrnun cont11blO8 £1652 In addition to the contributions above, the Society received a donation of £5(X) from the Bank of Scotland Foundarion's Matched Gwing Scherne. The scherne recognised the tirne given t the Society by . The Society also rnanaged to attract £1,200 of funding from the Culture and Business Fund thanks to their on80in8 SUPPOrt ol local business. The fundin8 is to be used to stage a fundraising event that has been scheduled forthe next financial year. E500 of funding was also granted by the New Laigh Kirk to support the society with their production of "Thank You for the Musid. Achl•vam4nts and P•rformanea Over the past 12 months. Loudoun Musical society ILMSI has continued ro grow its reputation within the local communitv. Plan8 for fure period¥ The plan5 for future years rernain consistent with the Societls current activtties. TrLtsta4 ramuTh•ratlon The trusiees did not receive any remuneraiion during the year. Approved by the Trustees and signed on their behalf. 6 Octobèr 2025 6 Octobér 2025
RECEIPTS AND PAYMENTS ACCOUNT YEAR TO 31 JANUARY 2025
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STATEMENT OF FUNDS LOUDOUN MUSICAL SOCIETY YEAR TO 31 JANUARY 2025 Affiliated 10 NODA CWyNo.SCO3M9 2025 2025 2025 2024 2014 2024 Restricted Restricted Total Total Funds Funds Funds Funds Bank and Cash In Hand Bank of Scotland Treasurers Accouni 30,867 10.129 40.996 1,200 32.067 10.129 42.196 10,136 30.000 40.136 10,136 30,000 40,136 VirÉin Monty Savings Ac:Ount 1.200 Reser¥e5 Balance Brought Forward 40.136 860 40.136 2.060 42.196 38.128 2,(M18 40.136 38.128 2,008 40,136 1,200 1.200 40.996 NOTE: Over the year, to aid cashflow planning the Society moved £20,CK)O from the Virgin Money Savings Account to the Bank of Scotland Treasurerfs account Approved by the Trustees and signed on their behalf. Presidènt February 2025 Trèasurer February 2025 Page 3
NOTES TO THE ACCOUNTS YEAR TO 31 JANUARY 2025
1. Fundraising
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NOTES TO THE ACCOUNTS YEAR TO 31 JANUARY 2025
2. October 2024 Show Receipts and Payments Account
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INDEPENDENT EXAMINER'S REPORT LOUDOUN MUSICAL SOCIETY YEAR TO 31 JANUARY 2025 Affiliated 10 NODA CWyNo.SCO3M9 Independent Examinerfs Report to the Trustee5 of Loudoun Musical Society I report on the accounts of the chaiity for the year ended 31 January 2025 which are set out on pa8es I to 5. Respectlve responslbllltles of trustees and examlner The charitys trustees are responsible forthe preparation of the accounts in accoidance wtth the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounis Iscoilandl Regulations 21K)6. The charity irustees consider that the audit requirement of Regulation Iolllldl of the Accounts Regulation5 does not apply. It 15 my responsibility to examine the accounts as required undei section 44llllcl of the Act and to state whether particular matters have come to my attention. Basis of independent exarnine¢5 Staternent My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Re8ulations 2006. An examination includes a review ol the accounting record5 kept bythe charity and a cornparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosuies in the accounts and seeks explanations from the trustees concernin6 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and con5equenily I do not expre55 an audit opinion on the view given by the account5. Independent examlnerfs statement In the course of my examination, no matter has come to my attention l. Which gives me reasonable cause to believe that in any material respect the requirernents= to keep accounting iecords in accordance wwth Section 44 Illlal of the 2005 Act and regulation 4 of the 21J)6 Accounts Regulations, and to prepare accounis which accord with the accounting records and comply wilh Regulation 9 of the 2006 Accounts Regulations have not been met. 01 to which. in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Page 6