LOCH NESS Trustees Annual Report and Financial Statement Scottish Charity NUM1 SC042926 Year endlng 28 February 2022
Trustees Annual Report and Flnandal Statement Sttish Chèrlty Number SC042926 Year endin8 2* February 2022 Contsnts Page No. Trustees Annual report 4&5 Receipt and Payments Balince Sh¢et otes to the aecouDts 7&8 Independent EXannerS R4rt IK>ch Ness Film Festival Page 2
Trustees Annual Report and Finanaal Statement Scottish Charity NumberS(J)42926 yearend tr February 2022 Trllstee8 Anmual Ryrt Trustees serving during the financial year Governillg J)oeun*nt SCIO (Sc{}sh ChaTitabl¢ TncoTpordtcd OrgaDisation). govemcd by its constitution Re¢ruAtmeDt polky All trostees and new members are voted on annually at the AGM Ch&rilabk puryose The advancen)ent of ethKalion The advalleement of arts. cultu To educate througb scrceDin& watching fibns and learning fihDDg as a craft. The aim is to 5cfecD a widc and dEVC rangc of filll that will entthain aThl adi8hlen anyone arl interest in watcbing films aDd ¢nt¢rtaiDing the gertetal public Our #im is to hold WOTkshops during the festival, whi¢h will involve dling in 88p¢¢ts of filmm8king that will educate and entertaAn the public Loch Ness Film Fesdval PaEe 3
Trustees Annual Report and Flnanclal Statement Scottish Charity NumbeTSC042926 Yearend1 28 February 2022 Trustees report ¢onL Actfvlti Loch Ness Film Festival is a fun and frAendly W&8Sr(ts film festtval that Wek0 anyone visitins the I¢1¢ and stUDDiJJg bxkdrop of Loch Nes& The festival is a (SCLO) Scottish Charitable Incorpornted Organisation, registered charity nutnber is SC042926 by the aid of volunteers of trL)Stees and memkn and is a non-profft film f&stival tbat ¢overs it's Wsts through local sponsoTship. submi&8ion fees and with any or donati(ms revivd going towards g¢nerdl nmning ¢osts of the festival. W¢ did concentrate on just screening short films submitted to online and organising and nmning a fi1n1m w0shop. Due to the global pandemic and government guidelincs we have did not host any festival ID 2021 and will Ik into dissolving the festival due to the inathive state of the clwity Aebievements We have held short films screenin8s from filmmts frn all IatIons and held fuDd guerrilla filmmakillg workshops at young children and families over the since the festival bega We have been previously been SUCC%fUl in applJiDg 2nd receiving community fi]ttditiE in the past (Unrestrict1} which we bave used to pUrc1Se equipment and props for the children alld anyone to use to films at th¢ frstivaL We hav¢ received a far standard of quality of fi]n)s Subltted and quantity to select from which helped receive mote audience numbers during the weeken We have also h*J more interaction on our Sla1 tn¢dia and advertisiog options. Loch Ness Film Festival Page 4
Trustses Annual Report and Financial Statement Scottish Charity Number SC042926 Year ending 28 February 2022 Trnstees Annual report ¢onL Flnan¢la] ReTrkn Restricted IuAds Th¢r¢ are no re6tsi¢ted funds Reserve polley Tb¢ trnstees feel that the closing balance of £785.74 is not enough to contiDDe if no funding or incomc wa8 reecived for a peri1 of 12 rnontlLS or rfth¢ f&stival was Fos¢poned a8aAn. Trustee's remuAeration No trustee ]rceived any reMW0 otherthan ovl ofp(k& expenKs. The organisation do&s not ¢mploy staff and is Oryanis aud by th¢ aid of voluntccrs Approved by the bo*rd of Trustees on.... behalf and signed on Its iLJch Ness Film Festival Page 5
Ttee5 Annual Report and Hnanclal Statement Scottish Chaiity NumberSC042926 Year ending 28 February 2022 Receipts and Payments Account Year ended 28th Febrnary Totsls 2021122 Totals 2020111 Recci SubslDonatioDS Grants received Unrestricted Fundraisin Tradin refunds Otber Charitsble activities Total Re¢ei nole I 61.70 666.68 728J8 Totab 20211121 Totals 2020121 Pa ments Fundraising Uttrestrieted note 2 475.41 Tradin tnv&stment Charitable Activi Grants Other bank int. Governauce lrtd endenk &raminahon Totsl Ex enditure 283.03 283.03 io.(xi 10.00 33.50 75 36&03 75.00 368.03 75.00 583.91 Net su lllsldeflclt -36&03 144.47 ch Ness Fllm Festival Page 6
Trustees Annual Report and Flnanclal Statement Scottish Charity Number SC042926 Yearending 28 February 2022 Statement of Balances as at 28th •fFebrw 2020 TotaLs 2021122 Totals 2020121 Statement of Balances Cash at bank at start of year surplusldeficit for the ear Unrestricted 1153.77 1153.77 -368.03 785.77 -368.03 78&77 144.47 1,153.77 Totsl R¢1 Llabllltles Independent cxamination fee due end Oct of 2022 £50 The organisation bas the following assets Asset Cost1¥4ew Current value previous years. value (depreciation is based on 3 years, straight line) No Assets under 3 years old Notes to the accouDts Note I No Income was received Total Note 2 cb 283.03 Bank interest io.oo Awounts 75. Total 368.03 Loch Ness Film Festival Page 7
Trustees Annual Report and financial Statement Scottish Charity Number S(1)42926 Year erKJir¥ 2V February 2022 Notes to the accounts eontioj Note 3 Slaff Th¢ organiwion do¢s nol employ any staff only volunteers Nrte4 Grts & Bursvles No were appli or approved &9 the fVal cancdled due to the pandemic 2nd edlth lnd iiafely issues. Approved by the b)ard of Trustees •n... behalf lo/iol%i*............... and sI¢d on its ch Ne&$ Fihn Festival Page 8
Trustees Annual Report and financlal Statement Scottish Charity NumberSC042926 Year ending 28, February 2022 Independent Examiner's Report I rcport on thc accounts of the chaTily for the year ended 286b F¢bary 2022 set out on pages 6&7 Respective rnpfrnyiblllU¢s of trustee amd eMIller The Clwitys trustees are responsible for the preparntion of the accounts ID ae¢ordanee with thc tcrms of thc Charities and TTUStec Invc5tmcnt (Scotland) Act 2005 and the Chatiti&S A¢¢owils (Scotlathl) Re8ulation8 2006, The Charity considered that the audii trquircmcnt of Regulation 10(] } (a) to (o) of th$ Accounting Regulations do&$ not apply. Tt is my rwonsibility to examine the accounts AS required under section 44(1) (c) of the Act and to state whether particular mattws have ¢ornc to rny aftention. Basis of Independent ex&nller'S slatement My Examination i8 canied out in 0rdnce with Regulation I l of the Charities Accovnls (Scotland) R¢gulatioft$ 20. An EAlInatiOll ll)cJudes a rnAew èf the accowiting reeor& kept by th¢ charily and a comparison of the a¢eouLts pre8¢nted with those recos. It also illcludes consideration of any unusual items or discl(Asures in the acc(xM and 5c¢ks explanations froin th¢ trustees Loncerning any such matiers, the PTOCtxluTes undertaken do not provid¢ all th¢ evidertce that would be r¢qvired ill an audit, and oonsew¢ntly I do not cxpress an audit opinion on the view given by tILe accounts. Independent ex*mirter's statement In the course of my exarninatto no tter bas come to n]y att¢lltiOD which gives me reasonable Cause lo believe that in any material respeci the requirements.. To keEp )tillg TOrdS in accordance with seclion44(1) of th¢ 25 Act and regulation 4 of the 2Q06 Aollts Regulations, and To prepa a¢cA)w whicb accord wtth the a¢counting Tt¢ords and comply with g Reg[atiOnS have not been meL D¢ AC.IE Liccn ate (receipt and Payment) member Voluntary Action in Badenoch and Strathsp Th¢ Town Housc The Square Grantown-on-spey PH26 3HF Loch Ness Film Festival Page 9