LEVEN AMATEUR MUSICAL ASSOCIATION SC040996 Annual Report and Financial Statements For the year ended 3110712024 Trustees, Annual Report Forthe year ended 31 July 2024 The trustees have pleasure in presentingtheir report togetherwith the financial statements tor the year ended 31 July 2024. Charity name SCIO Leven Amateur Musical Association SC040996 Charity no Address Trustees President Vice President Secretary Treasurer
Structure, Governance and Management Constitution
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current form on 04 Nov 2009. The charity Has a single tier structure and as such the trustees are the members of the charity. Appointment of trustees the management committee, which normally meets monthly, are the charity’s trustees. Membership of the management committee is open to all members. Trustees are elected at the annual general meeting which is held in September. There must be a minimum eight trustees.
Objectives and Activities Charitable purposes
The advancement of the arts, heritage and culture. In particular to study and rehearse musical or other operatic works and dramatic works and to perform these in public or in private, as may be arranged: initiate or support approved activities directed towards the promotion of musical, operatic and dramatic study and production, including allowing the Youth Members to develop in an environment of education, learning and social development, and;
To distribute excess fund, at the discretion of the trustees, to OSCR registered charities or as grants to individuals for theatre related activities or studies. Reserves policy The trustees’ policy is to retain normal up to 1 years running costs to meet commitments and cover any unexpected expenditure. Reserves are within these acceptable limits; the trustees believe that this is in an acceptable range but will continue to monitor the position.
Main Activities Undertaken
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Successfully staged two major local musical theatre productions:
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LAMA Youth: Aladdin
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LAMA Adult: Beauty and the Beast
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Increased participation in youth programs.
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Delivered well-attended cultural events and enhanced educational opportunities for musicians.
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Community prospects for rehearsals and performances.
Conclusion: The year 23/2024 was marked by significant achievements and progress in our key areas of focus. We are proud of the positive impact we have made in the lives of our community members and remain committed to our mission of fostering growth, development, and cultural enrichment.
Receipts and Payments accounts 2023/2024
| Income/Receipts | 2023 | 2024 |
|---|---|---|
| Interest from investments | 185.02 | 413.66 |
| Membership Donations and weekly attendance contibutions | 4534.5 | 6650.1 |
| Ticket Sales | 20719.02 | 30871.02 |
| Programme Income (sales and advertising) | 609.11 | 836.71 |
| Prize Draw Income | 2090.3 | 2555.1 |
| Show Bar Income | 2227.85 | 2989.16 |
| Social/Fund Raising | 1190 | 3323.64 |
| Miscellaneous Income | 1144.45 | 1006.09 |
| Ice Cream Sales | 350 | |
| Charity | 0 | 601.49 |
| Lama Youth Income | 20925.6 | 24037.28 |
| Total Receipts | 53625.85 | 73634.25 |
| Payments | 2023 | 2024 |
|---|---|---|
| Social/Fund Raising Expenses | 0 | 516.37 |
| Band Parts and Royalties | 5161.53 | 7281.74 |
| Production Costs | 16761.9 | £21,113.59 |
| Orchestra Costs | 4700.84 | £3,585.33 |
| Programme Expenses | 665 | £712.25 |
| Show Bar Expenses | 1117.85 | 1477 |
| NODA Expenses | 360 | £645.55 |
| Hall Expenses | 1768 | 2424 |
| Printing/Advertising | 454.79 | 327.4 | |||
|---|---|---|---|---|---|
| General Expenses | 652.89 | £2,311.34 | |||
| LAMA Youth Expenses | 16067.34 | 25236.75 | |||
| Charitable Donations | 0 | ||||
| Box Office Costs | 835.84 | 1515.1 | |||
| Total Payments | 48545.98 | 67146.42 | |||
| Surplus | 5079.87 | Surplus | 6487.83 | ||
| LEVEN AMATEUR MUSICAL ASSOCIATION | |||||
| Statement of Balances as at | |||||
| 31/07/2024 | |||||
| 2023 | 2024 | ||||
| £ | £ | ||||
| BANK & CASH IN HAND | |||||
| Opening Balance - Current Account | 24476.79 | 24698.4 | |||
| LAMA Youth Balance | 18964.52 | 23822.78 | |||
| Surplus/Deficit for Year | Surplus | 5079.87 |
Surplus | 6487.83 | |
| 48521.18 | 55009.01 | ||||
| RESERVES | |||||
| General Funds | 24698.4 | 32391.03 | |||
| LAMA Youth | 23822.78 | 22617.98 | |||
| 48521.18 | 55009.01 |
Independently audited August 2024 by
Approved at the AGM by committee and members and signed on their behalf.
31 October 2024
This Independent Examiner’s Report is prepared in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 11 of the Charities Accounts (Scotland) Regulations 2006.
Independent Examiner’s Report
On the Accounts of Leven Amateur Musical Association (SCO40996)
Independent Examiner’s Report to the Trustees of Leven Amateur Musical Association
I report on the accounts of Leven Amateur Musical Association for the year ended 31/07/2024.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity’s trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Examiner’s Signature
Name:
Relevant Professional Qualification/Body (if any): None
Address:
Date: 25/07/2025