Aberdeen based orchestras of fiddles and accordions that practice, perform and preserve traditional Scottish music.

Annual Report and Financial Statements for the Year ended 28 February 2012

Notes - Continued 1

2. Donations

General fund: 2012
£
2011
£
Non-commercial concert donations 585 495
Other donations 3,500 23
Value of Gifts in kind and donated goods or services 126 35
 
4,211
553

A corresponding amount of expenditure in relation to the value of donated goods and services has been included in the following resources expended categories:

General fund: 2012
£
2011
£
Cost for generating funds – Scottish Music Evening Raffle (see note 3) - 35
Governance costs - subscriptions (see note 9) 126 -
 
126
35

3. Activities and costs for generating funds 

    2012     2011  
General fund: Income
£
Costs
£
Net
£
Income
£
Costs
£
Net
£
Scottish Music Evening Raffle - - - 165 (88) 77
Easyfundraising.org.uk 118 - 118 63 - 63
CD, Tape & other items 187 (162) 25 299 (183) 116
 
305
(162)
143
527
(271)
256

4. Investment income 

    2012     2011  
  General fund
£
Endowed fund
£

Total
£
General fund
£
Endowed fund
£

Total
£
Interest income 214 - 214 174 20 194
Dividends from UK investments - 35 35 - - -
 
214
35
249
174
20
194

5. Concerts and competitions

    2012     2011  
General fund: Income
£
Costs
£
Net
£
Income
£
Costs
£
Net
£
Music Hall Fiddlers Rally 800 (99) 701 800 (45) 755
Fiddlers' Spectacular 200 (20) 180 - - -
Reel & Rowie Coffee Morning 212 (256) (44) - - -
Scottish Music Evening - - - 950 (957) (7)
Other commercial events 300 - 300 750 - 750
Society annual competition - (109) (109) - (134) (134)
Indirect concert costs & workshops - (138) (138) - (289) (289)
Trophy & instrument depreciation - (234) (234) - (110) (110)
Total general fund
1,512
(856)
656
2,500
(1,535)
965
             
Restricted income funds:            
Iain Fraser Prize - (30) (30) - (21) (21)
             
Total of all funds
1,512
(886)
626
2,500
(1,556)
944

The cost of rehearsal premises is reported separately in the Statement of Financial Activities and is not allocated to concerts as the committee view that, although related, practices are a separate activity to performances.    

6. Social events

    2012     2011  
General fund: Income
£
Costs
£
Net
£
Income
£
Costs
£
Net
£
Race Night 472 (455) 17 - - -
Christmas ceilidh party 320 (414) (94) 248 (387) (139)
 
792
(869)
(77)
248
(387)
(139)

7. Admin and other costs

General fund: 2012
£
2011
£
Insurance 87 86
Stationery, subscriptions, web site 350 313
Advertising & public notices 97 97
Committee expenses (see note 10) - 78
Gifts to Society members and others 74 44
Office equipment depreciation (see note 12) 20 141
 
628
759

8. Donations expenditure

Designated funds: 2012
£
2011
£
CLAN (Cancer Link Aberdeen & North)
1,000
-

9. Governance costs

General fund: 2012
£
2011
£
Stationery & postage 32 30
Independent Examiner Fee 180 180
Independent Examiner Gift - 2010 Report - 40
Rent for meetings 43 32
Subscriptions (see note 2) 126 -
Committee expenses (see note 10) 295 78
 
676
360

10. Committee expenses and benefits


Expenses allocated to:
    2012
£
2011
£
Charitable activities - Admin & other costs     - 78
Charitable activities - Concert & competition costs     26 60
Governance     295 78
     
321 
216

During the period one committee member received reimbursement of expenses (2011: three committee members received expenses) to cover:

  • communications, stationery and other costs of fulfilling committee roles from home as no office accommodation is provided by the Society; and
  • travel costs for attending the ICAEW Charities Online Financial Reporting Awards ceremony (applies to current year only)

No committee members received any remuneration in the year (2011: none), nor were they paid any expenses for attending committee meetings.

Related party transactions

During the year ended 28 February 2012 Graham Reid was presented with a gift (value £55) in recognition of his 25 years service as conductor. This is included within Gifts to members and others in note 7.

Related party transactions - member benefits

All the committee are members of the Society and are entitled to the benefits offered to all members. No disclosure is made of transactions entered into or benefits obtained where these are available to the entire member group

11. Employees

There were no employees during the year (2011: none).

Our Scottish Music CDs

£10.00
Live at the Music Hall CD Cover Image
£10.00
From Dee to Don CD Cover Artwork
£10.00
Tuned to the North CD Cover Artwork

Support Us

JustTextGiving by Vodafron Logo

Donate by texting: REEL01 £1
to 70070

Your can also donate £2 / £3 / £4 / £5 / £10 by changing the amount in the text.

The text is free to send, the only cost to you is the donation and we receive 100%. Please ask the bill payers permission. UK taxpayers can add gift aid by following instructions in the thank you text.

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer