CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Scottish Charity No. . SC047663
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) CHARITY INFORMATION Trustees Listed on Trustees, Report Charlty number SC047663 Independent Examlner JRD LLP 11 Portland Road Kilmarncck KA12BT Prlnclpal offlGe addro$$ Cumnwk's Creative Arts Hub Bank Avenue Cumnock East Ayrshire KA18 1PQ Bankers Bank of Scolknd (Banking Hub) 2 Glaisnock Street Cumnock KA18 1DA
CUMNOCK ARTS MAKES PEOPLE SMILE ISCIO) CONTENTS Pago TfUSt8es' Rgport Flnanclal Stslemenls Independent Examinerfs reF)Ort Statement of financial actmties Balance sheet Notes lo the financial statements
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their report and independenlty examined accwnts for the year ended 31 August 2024. Princlpal actlvlty The organisalion is a SCIO (Scottish Charitable Incorporated Organisatn). The principal objects of the organisalion are the advancement of the arts, CLFlture and heritage by producing musical shows, providing thealrg workshops and by facilitating and organising talks and exhibrts on local history and heritage for memt£rs of the public., the provision of recreabonal a¢b"vitses and faulitvas, $u¢h as the CLtmnock's Creative Arts Hub, lor improving the conditions of lrfe for the peWe of CUmnk., the advancement ol citszenship and community development by offering opportunities and training for volunteers and CollaratIng with community groups in the Cumnock area.. the advancement of educab.on by offering training and tuition in the skills necessary foT theatre rxoduclK)n and education by offering training and tu.0 in the skills necessary for theatre production and the relief of Ih05e in need by reason of e. ill-heallh or disability through working with NHS and Social Care to PTovide acb"vib"es andlor wemises for ser¥e usws. Conslitullon A copy of the constitution, which deals wtth the appointment and temiination of Trustees among other matters, is available from the Trustees al the principal office address. The constitulion has been revWed within the last year and proc95s is ongoing. Truslees Trustee5 and office bearers al the dale of approval of this report a." Indèpendent Examiner was reappointed as indendent examiner for the charity during the year. Organlsatlonal Slructure The SCIO was incorporated on 23 August 2017 and remained domiant until 31 August 2019. On 1 September 2019 the aclwities. assets and liabilities of Cumnock Area Musical Producth)n Society - known as CAMPS ISC0305751 were transferred lo the SCIO. The name of the charty was fom)alty changed to Cumnock Arts Makes People Smile ISCIOI on 27 September 2023 R•vlew of Flnanclal Year The income and expenditure account al page 9 of the accounts shows an excess of income over expenditures of £91,97612023'. as restated £5.595). An analysis by restncted and unrestn'cted funds is shown at note 13 on page 8 of the accounts. Reservès Pollcy Total un$tcted funds at 31 August 2024 weTe £109.250 12023". as restated £17.9341 whh includes designated capital fund which shows the net book value offi'xed assets of £108.94712023.' as restsled £3,505). Idealty, the Trustees would aim to hokl 3 to 6 months running costs in reserves. However. total unrestricted lunds excluding the designated capital fund were onty £303 at the balance sheet date and the Twstees are aware of the need to build the charty's reserves.
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Structure, Governance and Managemenl Recrultment and Induction of Trustees This is carried out in accordance with the constitution. A basK induclion and training process is in Pla but is under development. Organisational Structure The Board of Tnjstees is restK)nsible for rM)Iry decisions and ensuring that the charty operates within its constitution. Regular Board rreetings are held lo effect poIY decisions. The charity operates a hierarchical management structure in line Mth Board policy requirements. The Key Management Personnel during the financial year was Da Parker, who ccxnmenced during October 2023 with National Lottery fundin9. Pay Policy for Senlor Staff The pay of senior stsff is reviewed annually ty the Board referen to pay scales for similar organisations wrthin the sector. Rglated Partlos and Transactlons wlth TfUSteeslKey Management Personnel Expenses paid lo ITuslees are disclosed al note 3 to the financial statements. There were no related party transactions with tnjslees or Key Management Personnel. Risk Managemenl A risk register is maintained whh IdenrS the principal risks and uncertainties lacing CAMPS and the actions taken lo mitr'gate them. Risks are revwied by trustees andlor stsff regularty and whenever significant changes occur. A new risk assessment Is carried out prior to every show. We aim lo idenlrfy emerging risks early and lake action lo ms11gale these as appropriate. In addrtion to our shows and events involving staff, volunteers and members of the public, our involvement wilh young people means that safeguarding is a key issue. All staff and volunteers are subj'ect to disclosure checks. Sufficient insurance policies are in place to cover our operations and activities. Slgnlllcant Activities The hFhli9ht of the year was the apwintnEnt of our Arts Coordinator. Da Parker, a longstandin9 CAMPS memter, advisor, and musical director. was appointed to the new 3-year post and has since led several inilialives, including CAMPS Connecl-a free-to-access programme featuring a eomrnunity choir and 'Just Jammin., aimed at improving Ictal mentsl heath and welkbeing. Branding was refreshed to ref*t our name change12022r23} and the Hub updated thanks to funding from the 9CC. A new rool. funded by the Place Base(1 Investsnenl Programme IP81P), was completed in May 2024. improving Ihe building's appearance and eliminating water ingress. Further venovab.on plans are underway, with funding appli¢alions ongoing. È were pleased to continue our partnership wtth The Cumnock Tryst, with members co-wrrting and performing a song alongside the 88C Seottish Symphony Orcheslts at the Big Saturday event. previously a guest choreographer. Joined CAMPS as a regular tutor and co-direcled our sold- out panlo Jack and the 8eanstalk. vnitten by 8 CAMPS member. He also supported Cumnock Youth Musical Theatre ICYMTI. A BA Commercial Musr student (UWS) Joined as sound technician, and Foundation Scoland's Essentia fund supported set-buitding malertals.
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Slgnlllcant ArtNitles (continued) A new choral group launched in 10-week blocks, adding around 20 new members. Led by ¢onductor Andrew McTaggart, the project's first phase was funded by the William Syson Twst. CAMPS maintained a strong communrty presence. offering concerts in care homes and community venues and organising well-attended theatre trips open to all. with plans to continue in 2024125. The standout moment of the yearwas Sunshin& on Leifh. our first licensed production post£ovid. which played lo fvll house5 and received exceptional feedback. We secured 12-month fvnding from CVO-LEP to appoint a second staff member as a Hub Assistant. In June 2024, CYMT, supported by CAMPS. staged Beauty and the Be8St Jr. and Seussical 'd$, both well- received and valuable for the young performers invofved. Our well-being aclivilies were fvnded by CVO (round 21. the Robertson Trust (rounds 1 and 2), and the East Ayrshire Wellbeing Fund 2023. Other fvnders included Essentia. ScotmKI. Asda. Wlliam Syson. and the Nab'onal Lottery. A major community event in Augusl 2024 at Trinity Church featured over 1CrfJ CAMPS members and showcased tslent from across all age groups-a truty Memorab celebrats"on. Our music tuition programme EduCAMPS continues to have many students working towards A8RSM grades in both voice and piano. It is our intentson to extend this programme to include MO instruments and small group lessons. Following discussions the CAMPS board and CYMT committee, CYMT was formally incorporated into CAMPS and its funds transferred accordingty. CAMPS experienced substantial growth in both membership and income. Wlh a successful fi'rst year for our Arts Ccordinalor and strong volunteer and tutor support, we look forward to further progress in 2024125. Future Plans Our fotward plan considers the strategic direction and development goals of CAMPS for the coming 1 years. 11 includes objectwes related lo funding. staffing. and increased acb.vrty leve15, as well as the action5 and resources required to achieve these goals. The following key objectives will guide our development.. . Secure 5UStainable funding streams to supp)rt operational growth Recruit and retsin new staff to increase capacity Expand the scope and nUMr of actNities offered to children and the wider commun . Strengthen govemance and operational proSeS Progres5 against this plan will be reviewed regularty by the Board of TnJst*s. Adjustments will be made as needed to refle¢l changing circumstances and emerging opportun¢lies.
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Trustees respon$lbllltl•s The Trustees are required lo act in accordan with the conslilulion and within the framework of relevant charity legislation. They are responsible for keeping proFtr accounting records, which disclose with reasonable accuracy at any lime the charity's fi'nancial poS[tn. and lo enable them lo ensure that the accounts comply with the applicable requirernenls of the folltNing'. Charities and Twslee Investment Iscoand} Act 2005. Charities Accotsnls Iscollandl Regulations 2006 las amended). The Tnjstees have the responsibility for takn.ng reasonable steps lo safeguard the assets of the charity and lo prevent and detect fraud and other irregularib"es. Approved by the Trustees on 5 June. 2025 and signed on their behalf by..
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) l port on Ihe aC¢A)unts ofthe chanty for th8 year endgj 31 August 2024 W"Ch are set oth on p89es 2 to 9. Respective rèspon5ibrliti•s of trustees and •xamlner The chafity's Iwstees are respOnb IOT the preparalion ol the accounts in acC(nCe wilh the terms ol the Charities and Trustee Investment (Scotland) Act 2(K)5 ar#J the Charities Accounts IScotLandl Regulations 2ryJs las amended}. The charity trustees consider Ihat the aU¢t requirement of Regulatk)n 10111 la) to Icl ol Ihè Accounts Regulafrons ¢Joes Th)t appty. It is my responsibility to examine the accounts as r&]uired under section 4411) Ic} of the Acl and to state wtrher partirJJlar malters have come to my attention. Basls of Snd•p•nd•nt •xamln•rfs stat•m•nt My examination is OLrt in accordarKe wth RegulatH 11 of the Charit$ Accounts {ScOtnd) Regulations 2006. An examinaknon includes a review ol the acC(nIlng records kept by the charity and a comparison of the accounts presented with those ords. It also includes cOnseration of any Lnusual Items of disclosures in the accounts, and seeks explanations from Ihe truslees corKeming any such matters. The procedures undertaken do nol provide al the evidence that would be reqUId in an audit. and consequently I do not express an audlt opinion on the viaw gwen by Ihe xcounts. Indendont •xamln•fs statom•nt In Ihe clISe of my examina11c, no matter has con* lo my attenn.. which gives me reasonable cause to believe Ihat Mi any material fe5pecl the ¥equirements". to keep accounling records in accordance with Section 44111 la) of the 2005 Acl and ReguLgtion 4 of the 2CX)6 Accounts Reg81)ns'. and to prepare xcounts whth xcord wrth the a(£ounting records aThJ comrAy with R8gulats)n 8 of Ihe 2006 A¢onIS Regulalions". havè not be8n mèt." or tovthich, in my optThon. attentn should be drawn in order lo enable a prOr undetstanthng ofthe accour to be reached. Chartered A¢¢ountanl IICASI JRD LLP Chartered A¢Gourbtsnts 11 Poruand Road Kilmarno¢k KA12BT 5 Juno, 2025 Page 1
CUMNOCK ARTS MAKES PEOPLE SMILE ISCIO) STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 AUGUST 2024 Unr•strlcted Unr•strkt•d Ganwal D¢slgnat¢d Funds Funds Total Funds 2024 Total Funds 2023 las rnstatodl R#s¢t•d Funds Income Donations, legacies and other Charitable activities Investments 163,971 8,367 42.308 172.338 42,308 62,940 19.461 Total Income 163.971 50.675 214,646 82,401 Expendlture Costs of raising funds Charitable activities Olher 57.488 63,564 1,618 122,670 76,8( Total Expenditure 57.488 63.564 1,618 122,670 76,8( N•t Ineom•llExpèndltur•l 106,483 {12.8891 11,6181 91.976 5,595 Capital ey4)enditure {105.823) 11.2371 lo7,0 Tran$f•rs b•two•n funds Net movement in funds 114.1261 105,442 91,976 5,595 Reconclllatlon of funds Total funds brght Iofward 14,365 14.429 3,505 32,299 26.704 Totsl funds Carried forward 303 108,947 124,275 32,299 An analysis of Income arKI Expenditure is induded af Notes 13 & 14 to the finanual statements. ExpenditUTe is allocated lo the aiThie cost CategleS on the basis of aci>yJnling policy disdosed at Note 1 lel to the ffinancial statements. Page 2
CUMNOCK ARTS MAKES PEOPLE SMILE {SCIO) BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 las restated) Notes Fixed assets Tangible assets 108.947 3,505 Current assets Debtors Cash al bank and in hand 4.540 66,466 71,006 29.394 29.394 Llabllitle$ Creditors.. amounts falling due within one year 2.144 600 Nel current assets 68,862 28,794 Deferred income (53.5341 Total assets lèss eurrent liÈbllities 124,275 32,299 Funds Reslricled income fvnds Unreslricled income funds.. General funds Designated funds 12113 15.025 14.365 12113 12113 303 108,947 14.429 3,505 Total InStricted lunds 109,250 17.934 Total Charity Funds 124,275 32,299 The financial 5talemenls were approved by the Trustees on 5 June. 2025 and signed on their behalf by.. Page 3
CUMNOCK ARTS MAKES PEOPLE SMILE ISCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1 Accountlng pollclès The principal accounting policiès are summari58d beltrw. The aw)unfing policies have been applied consistently throughoui the year and the prior year. {a} 8asls of preparatlon The ffinancial statements are presented in sterling {£) and have been prepared in accordance wrth Accounting and Reporting by Charities-. Statement ol Recommended Practice applicable to ohalllies preparing their accounts in a¢¢ordance wrth the Financial Rep(Htsng Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffecitve 1 January 2019) - (Charities SORP IFRS 1021, the Finan¢ial Rgporttn9 Standard applrcablè in Ihe UK and RepLFblK of Ireland (FRS 1021, the Ghaiilies and Trusiee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2CI)6 las amended). Cumnock Arts Makes People Smile SCIO meets the definth.on of a publrc benefit entity under FRS 102. Assets and liabilities are init181ty recognised at historical cost or transaction value unless otherwise slated in the relevant accoLtnting policy notelsl. The 2023 acccJnts in the 2024 finarjaI statements were ppared on a RecÈipt& & Paynents basis and. 8cwrdingly, the 2023 Gomparab"ves have been resl8led on an accruals basis. Ibl Praparatlon ol accounts on a golng eoncèm basls The financial statèmènts have been prepared on a going Concgm basis vthich 8s$umes that Ihe charity wll continue to operate for a period of 12 months trom the dale of approval by the Board. The charity is reliant on exttrmal grant funding and, while the trustees have no reason to believe that such funding will not conlinve. the ¢harity's ability to continue in business is dependent on being successfvl in attracting such funding. The Trustees, Report contains ¢Jetails of the chanty's reserves policy, which eonsiders both the impact of current gener81 e¢onomic un¢ert8ifbty and the charitls cir¢urn5t8nces. {c) Fund a¢¢oundng UnFestricled funds are available lof use at the disC[etft of the trustee5 in furtherance of the general objectives of the charity- Designated funds are unrestricted funds vthich have been set asKle at the discretion of the trustèes fo specific purposes. Reslricled funds awe 5ubiecl lo restrictn$ on Iheir expendrfure imposed by the donor or grantor. TransfeTs between fun(Is are made at the discxetion of the trusiees taking into consideTation any restrictions imposed on funds. Idl Income All income is induded in the statement of finanual adivilies when Ihe charity is entiiled lo the incomtr, the amount can be quantifie(I wth 350ndble accuracy and il is probable that Ihe irome 11 be received. The following 3pe¢Efic policies are applied to particular categories of income_. Income from donations & legacies is received by way of gfants. donations and gift5 and is included in lull in the Slalemenl of Finarbcial Actyvilies receivable. Grants. there entitlemenl is not conditional on the delivery of a special performance by Ihe charity, are recognised when the charity becomes uncondition811y enlrtled to the grant. Donated sejvices and facilities are inchjded at the ¥e to the charity vthwe this can be qu¥nltfied. The value of service5 piowded by vdunieers has not been induded in these accoun13. Investment income is included vthen received. Income from grants, whefe related lo performanrk and SFecific dellwab$. are accounled for as Ihe charity eams Ihe right lo considèration by its perforrna. 181 Expen+Jl1ure Liabilities are recognised as expenditu as soon as th is a legal or constructive obligation committing thè charity lo that expenditure. it is probable Ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured 1iabty. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggfegate all cost related lo the ¢ategory. Where costs cannol be directly atlributed lo particular headings they have been albcate(I to actiwties on a basis consistent wth the use of resources. Governance eosts indude$ those Costs asso¢iated with meeting the conslrtutional and statutory requirements of the charity aThJ include the Independent Examineffs fees and costs linked to the strategic management of the charity whh ace voluntary other than trusteès. travalling expenses ieirnbursed. Although discbsed separately al note 13 go¥ernance cosls form part of charilable expenditure Ipage 31 tsnder the current SORP. Page 4
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIOI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 1 Accounting policies (continued) lfj Fixed a$sgt$ Fixed 8ssels (excluding inve$trnents} are sta al cost 5$ 8ccumulated depreciation. Minor addrtions costing below £500 are not capitalised. Depreciation is provided at the fdlowing annual rates calculated to V+Yile off the cost of èach a¥sel over its èxpected useful life which take into consideratK)n expected iesidual values in 8¢cordance with FRS102. - Tenanfs Impi0ments over the lesser of the remaining lease temi and the estimated useful Itfe of the asset over 4 yeats slraighl line basis over 4 years on a slraight line basts - Plant & equipment Computer equipment Ig} Hire pur¢ha8e and l•aslng eommitmerbts Rentals paid under operatiThJ leases are cthaw to profit arKI loss on a straighl line basis over the period of ihe lease. (h} Penslon costs and other Post•t0Ment nofftS The charity operates a defined contribution scheme for thè benefit ol its empbyees. The of contributions are charged lo the Income & Expendrture arxounl when incurred. lil Other basic financial instruments The charity onty has finanrial assets and financial liabilities of a kind that qLsalrfy as basic ffinancial instiumenis. Basic financial instruments afe initially reCognis al Iransacts'on value and subsequently rneasured at their settlement value. Ul Co$h at bank and In hand Cash at bank and cash in hand includes cash and short temi highly liquid investment$ 8 short matulily ol three months or less from the date of wuisition or opening of the depts51 or similar account. Ik) Dgbtor$ Short term debtors are measwed at transact*)n price, less any impaimient. 111 Creditors and prowsions Creditors and provisions are recognised where the charity has a present obligation resulting from 8 past event that will probably result in the transfer of lunds to a third party and the 8mount due lo settle the obligation can be measured or estimated feliably. Creditors and prowshms are nornalty recognised at thèii Settlement amount after allovling lor any trade discounts due. Im) D•f•rr•d Incomè GT8nls received in advance of Ihe a$5waled WO bwng carried ¢xrt are deferred only when the donor has irnposed preconditions on the expendrture of resoufces. lol Impalrnients Assels not measured at fair value are ievfftved for any indli0n that the as$et may be impaired al each balance sheet date. If such indication exists. the recoverable arr)Unt of the asset, or Ihe asset's cash generating unit, is estimated and compared to the cafrying amount. Where Ihe cairying 8motJnl exceeds Its recoverable amount, an impaimient k)ss is recogni5ed in profft or loss unless Ihe asset is carried at a revalued amount vthere the impairnient loss is a revalLkation deuease. 2 Staff costs and numb•rs 2024 2023 Wages and salaries Natitsn81 insurance Pension costs 31.222 3.158 1.951 36,331 The number of employees during the year w8$ 1 12023". Nil) on a headcnunt basi5. No employee CelY¢d ¢molum¢nts in eX¢g$$ of £60.CAXI. The charWs key management personnd are detailed in the Trustees, Report and thw"r lolal employee benefrts were £36.331 12023.. Nil}. Page 5
CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 3 TNstoe Remungration and Rglated Party Transactions Trustees are not remunerated but are reimbursed for expense5 incurred. There were no expenses pa during the Current or previous years to any tnjstees. No trustee or other person related to the charity had any personal interest in any contract or Iransacbon entered into by the charity during the year. 4 Taxatlon The SCIO is a registered s"sh charity and no corporation tsx liabilty arises. The SCIO is VAT gistered. 5 Tanglble fixed assets Tenanfs Improvements Plant & Computer Equlpment Equlpment Total Cost At 1 September 2023 Additions 2.700 8.663 805 1,865 3,505 107,060 96.532 At 31 Augu512024 96,532 11,363 2,670 110,565 Depreciation At 1 September 2023 Charge for the year 1,284 334 1,618 Al 31 Augu512024 1.284 334 1,618 Ngt book value At 31 August 2024 96.532 10,079 2,336 108.947 Net book valu8 At 31 August2023 2,700 805 3.505 Tenant's Improvement addits.ons relate to the Cawtal Project (refer to note 131 which has not tseen depCIated as the project was not completed at the balance sheet date. 6 Debtors 2024 2023 Accrued donations Letts"ng income 2023124 3,600 940 4.540 Page 6
CUMNOCK ARTS MAKES PEOPLE SMILE {SCIO) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 7 Bank balanc08 2023 Barl( current acco¥unt 66,466 29.394 66,466 29.394 8 Credltors . Ounts falllng du• wllhon on• y•ar 2024 2023 Taxation and social security Pension credrtor Accrued charges 1.138 106 Jo 2.144 600 600 9 Def8fr8d incorne 2024 2023 Natb)nal Lotlery Community FuThJ CVO- LEP 43.706 9.828 53.534 Th relates to the 2024125 lUndU period. 10 Pension commitments The ¢harity operates a qualifyiry sctheme ¢Jnder the woa pensiorts istation tn respect of eli91b employee5 who choose not to opl (wJt. 11 LeJ$e ¢ommltments On 19 Dember 2014. the fom)er unincorfved charty enled into a 25 year 8$e under Ihe EAC Community Assel Transfer Scherne in respect of Ihe Cumnock's CreatNe Arts Hub (formally Barrhill Community Centrel. The lease was subsequenvy transfer to the SCIO 12 Anaty$l$ of N¢1 A$t$ Belween Funds Unrestrtct•d Unr85trlcted General Oeslgnated Funds Fund5 Restricted Funds Total Fund5 Fixed Assets 108,947 108.947 CUnt Assets 71,006 Current Li8'11ties 11.2441 12,1441 DeferTed Income 53.$34 53,534 Nel Assets 15,025 303 108,947 124,275 Restricted Funds Cornrnunity Led Funding - lunding [rn National Loliery conty FuTrJ ¢overs the new management post (commenced Octotrr 20231 and lated acIMt. Capital Project- fvndiThJ frcffl East Ayrshire Ccrtjnal in resFect ol a major wf relurthshment on the leasehold woperty. This project was completed In Ihe 2024r25 financial year. actual spend has teen eaprtalised (refer to note 51 and is reflected as a transfef frorn re5tricled fund5 to the desvJnated capital fund. Other restricted funds - this inca$ £4.$ from 9CC Group prtsmanly ltr*rnrds caprtal endIture on the Cieatsve Arts Hub, £9.812 Irt¥n Award5 for All prirnarily IOT caprtaj equient and £6,CW from Robert5cffj Trust in spect of well-being Unrestricted Desi naled Funds ThLS presents the net book Val of (e assets (note 51. UnstrIct General Funds Thi5 ss effectively the charitws r85erve which can be spent at the di5crelp)Th of Trustee$. DonatKJns (note 131 includes £3.61k) frorn curnnk Youth MusKal Theatre. whh transferred to CAMPS with effect from 31 August 2024 wrth funds at that date effedively being donated lo the charrty. P¥Je 7
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CUMNOCK ARTS MAKES PEOPLE SMILE (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Income and Expondituro Auount 2024 2023 {as rn$tsted) Not•s Income Grants and contributions Shows and concerts Memberships and subscriptions Tutorial income Letting income Donations Other income Employment allowan 73.436 13.096 4.771 2.189 22.252 4.771 438 3.158 $6,79J 4,151 1,076 3,583 10,652 124,111 76,251 Expendlture Staff costs Hall lets Rent Show and concert expenses Insurance Heat and light Equipment costs Telephone and broadband Administration costs Advertising Travelling expenses Tutorial fees Repairs and maintenance Cleaning costs Computer running costs Independent ExaminerlAccounlancy fees Payroll bureau Fundraising costs Licences Subscriptions Donations Sundry expenses 36,331 2,001 2.140 21,934 816 16.195 1.138 636 979 400 221 23,943 1,6C 6,785 833 900 405 534 1.168 1,283 1,540 3.833 1.937 13.604 373 461 9,999 10.287 8,069 600 20 585 23,000 755 2.087 121,052 76,806 Operatlng resull for year 3.059 1555) rants East Ayrshife Council 90,535 6,150 DepreciatK)n 1,618 Overall Result for Year 91.976 5.595 Page 9