CHARITY REGISTRATION NUMBER.. SC045211 An Ealdhain Arts Trust Unaudited Financial Statements 30 November 2023 R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS Chartered accountants 5 Argyll Square Oban Argyll PA34 4AZ
An Ealdhain Arts Trust Financial Statements Year ended 30 November 2023 Page Trustees, annual report Independent examiner's report lo the trustees Receipts & payments account Statement of balances Notes to the financial statements
An Ealdhain Arts Trust Trustees, Annual Report (cvntlnu Year ended 30 Novembgr 2023 The trustees present their iepon and the unaudited financi81 slaternents of the charity for the year ended 30 November 2023. Referen¢9 and admlnlstratlva details Regislered Gharity name An Ealdhain Arts Trust Charlty roglstratlon number SC04S211 Structure, governance and mana9emgnt Risk policy The trustees have assessed the major risks lo which the charity is exposed, and in particular thos8 related lo the operations and finances of the Trust, 8nd are 8a1151ied that systems are in place lo miligale any exposuw lo these risks. Reserves policy The policy of the frust is lo airn lo relain sufficient reserves lo meet the eosl of any regular commilmenls. as well as a contingency lo enable il lo continue lo develop further projects. ObJectlves and actlvltles The charity was established for the advaneemenl of the v¢sual arts and the education of the public in thè undeislanding and apprecisb'on of the art in general. Achievemgnts and performance Now that ave joined the board a new dynamism and energy has burst into the Trust. With plan5 both for an exhibition in March 2026 and an ongoing ambition to identify a location for exhibition and makers space5 here in Fort William. There are no shared makerfs spacès in this region and fewi relevant exhibiiion spaces. have both agreed to step down from the board and .iave been appointed si8natories. or/ oncp
An Ealdhain Arts Trust Trustees, Annual Report (ton&nued) Year ended 30 November 2023 It was agreed that bank account. e appolnted as co signatories on the Financlal revlew Unresliiclgd funds carried forward of £1,154. Plans for future periods The cause continues to be as important as when we started. The trustees, annual report was approved on i..qJ.&/&J...-....... and signed on behalf of the board af Iruslees by.. Trustee
An Ealdhain Arts Trust Independent Examinerfs Report to the Trustees of An Ealdhaln Arts Trust Year ended 30 November 2023 I report to tho Iruslees on my examination of the financial statements of An Ealdhain Art5 Trust I'lhe charily'l for the year ended 30 November 2023. Responsibilitie5 and bas1$ of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'lhe Acl'l. I report in respect of my examination of the charity's financial slalemenls carried out under section 145 of the 2011 Act and in carrying out my examination I h8v& followed all the applic2ble Dire¢iion5 given by the Charity Commission under section 1451511bl of the Act. Independant examiner's statement I have completed my examinstion. I confirm that no material matters h8ve come lo my allenlion in connection with the examination giving me cause lo believo that in any material respect.. accounting records were not kept in respect of the charity as require(J by section 130 of the Act,. or the financial statements do not accord with those records,. or th& financial slalemenls do not compty with the applicable requirements concerning the fomi and conlenl of accounts sel out in the Charlties (Accounts and Reports) Regulations 2008 other than any reqU1ment that the accounts give a 'lrue and fair. view which is not a maller considered as part of an independent examination. I have no concems and have eome acro8s no other matters in conneetion with the examin?lion lo which allenlion should be drawn in this report In order lo enable a proper understanding ol the accounts ID be
An Ealdhain Arts Trust Statement of Financial Activlties Year ended 30 November 2023 2023 Unreslricled funds Total funds Total funds 2022 Noto Expendlture Expenditure on charitable activities Total expenditurè Net expenditure and net movgment In funds Reconciliation of funds Total funds brought forward Total funds Carrled forward 1,154 1,154 1,154 1.154 1,154 1,154 The slalemenl of financial 2clivilies includes all gains and losses recognised in the year. All ineome and expenditure derive from continuing aclivilies. The notes on pages 6 9. form part of these financial slalemenls.
An Ealdhain Arts Trust Statement of Balances 30 November 2023 2023 2022 Balance as at 30 Nov$mber 2022 Payments Balanc8 a$ at 30 November 2023 1.154 1,154 1,154 1.154 Liabilities at year and Independent examination 240 120 These financial statements were approved by the board ol trustees and aulhorised for issuè on and are signed on behalf of the board by.. TriIslee The notes on pages 6 9. form part ot these financial slalements
An Ealdhain Arts Trust Notes to the Financial Ststernents Year ended 30 November 2023 General Informatlon The charity 18 a public benefit entity and a registered chari ddress of the principal office is In En land and Wales an Statement of compliance These r Inancial slalements have been ppared in complianee with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, tho Slalemenl of Recommended Practice applicable lo charities pparIng their ae¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 Icharilies SORP {FRS 10211 and the Charities Act 2011. Accounting policies Basls of preparallon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and inveslmenl properties measured al fair value through incomè or expenditure. The financial slalemenls are prepar9d in slerting, which Is the fun¢lional currency of the enlily. Going concern There are no material uncertainties about the charity's abilty to cgnlinue. Dlsclo8ure exemptlons he entity 5211sfies the criltria of bèing a qualifying gnltty as defined in FRS 102. As such advantage has been taken of the lollowing disclosure exemptions available under paragraph 1.12 of FRS 102.. lal No cash flow statement has been presented for the company Ibl Disclosures in respect of financial instruments have not been presenled. Fund accountlng Unrestricted funds are available for use al the discretion of the trvslees lo further any of the charity's purposes. Designated funds are unre51ricted funds earmarked by the trustees for parb¢ular future project or ¢ommitrnenl. Restricted lund5 are subj8Cted to reslri¢lion5 on their expenditure declared by the donor or Ihrough the terms of an appeal, and fall into one oftwo sub<lasses.' restri¢led income funds or endowment funds.
An Ealdhain Arts Trust Notes to the Financial Statements f¢gnllnuedJ Year ended 3Q November 2023 Accounting policies fconiinued) In¢om& All income is included in the statement of financial activities when enlillemenl has passed lo the chanly, il is probabl? that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. Thè following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of ènlillemenl ID the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Don21ed facilities and services are recognised in the accounts when received Il the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted sèrvice. This is classified as unreslricl&d funds unless there is a conlraclual requirement for il lo be spent on a particular purpose and returned if unspent, in which ease il may be regarded ?s reslrieled. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure Includes any VAT which cannot be fully recov&red, and is classified under headings of the slalemenl of financial activities lo which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- Charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all Costs incurred by a charity in undertaking activities that further ils charitable aims lor the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable aclivilies. other expenditure includes all expenditure that 15 neither related lo raising funds for the charity nor part ol ils expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the re50ur¢e. D1cl costs atlribulable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and ¢onsislenl basis.
An Ealdhain Arts Trust Notes to the Financial Statements (COlllinu803 Year ended 30 November 2023 Expenditure on charltsble a¢tivlties by fund typ Unreslrieted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Support cost5 Expenditure on charitable activities by activity type Total funds 2023 Total fund 2022 Govemance costs Independent examination fees 2023 2022 Fees payable lo the independent examiner for.. Independent examination of the financial slalemenls Analysis of charitable funds Unrestricted funds At 1 December 2022 Expenditure At 30 November 2023 General funds 1,154 1,154 Al 1 December 2021 Expendilufe Al 30 November 2022 General funds 1,154 1.154
An Ealdhain Arts Trust Notes to the Flnancial Statements {eltInUe Year ended 30 November 2023 Analysis of net assets betwgen funds Unreslricled Total Fund$ Funds 2023 Current assets 1,154 1,154 Unrestricted Total Funds Funds 2023 CUrn1 assets 1,154 1,154