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Company Limited by Guarantee |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the members |
9 |
Statement of financial activities (including income and expenditure account) |
13 |
Statement of financial position |
14 |
Statement of cash flows |
15 |
Notes to the financial statements |
16 |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
5th Floor |
office |
103 Trongate |
Glasgow |
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G1 5HD |
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Scotland |
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(Resigned
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(Appointed
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(Appointed
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(Resigned
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(Resigned
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(Resigned
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(Resigned
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(Resigned
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(Resigned
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(Served from
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(Resigned
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Auditor |
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Chartered accountants & statutory auditor |
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Mercantile Chambers |
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53 Bothwell Street |
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Glasgow |
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G2 6TB |
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Bankers |
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PO Box 250 |
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Skelmersdale |
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WN8 6WT |
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Trustee |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Mercantile Chambers |
53 Bothwell Street |
Glasgow |
G2 6TB |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
|||
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Other trading activities |
6 |
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– |
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--------- |
--------- |
--------- |
--------- |
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Total income |
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--------- |
--------- |
--------- |
--------- |
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Expenditure on charitable activities |
7,8 |
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--------- |
--------- |
--------- |
--------- |
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Total expenditure |
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--------- |
--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
--------- |
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Net expenditure |
|
(
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(
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(
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--------- |
--------- |
--------- |
--------- |
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Transfers between funds |
(41,599) |
41,599 |
– |
– |
--------- |
--------- |
--------- |
--------- |
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Net movement in funds |
(
|
(
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(
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(
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Total funds brought forward |
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--------- |
--------- |
--------- |
--------- |
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Total funds carried forward |
|
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--------- |
--------- |
--------- |
--------- |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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(restated) |
||
Note |
£ |
£ |
Tangible fixed assets |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
|
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--------- |
-------- |
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Creditors: amounts falling due within one year |
16 |
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--------- |
-------- |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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-------- |
-------- |
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Net assets |
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-------- |
-------- |
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Restricted funds |
|
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Unrestricted funds |
|
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-------- |
-------- |
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Total charity funds |
19 |
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-------- |
-------- |
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Trustee |
|
Known as 'GMAC Film' |
Company Limited by Guarantee |
Statement of Cash Flows |
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Net expenditure |
(43,205) |
(28,702) |
Adjustments for: |
||
Depreciation of tangible fixed assets |
|
|
Interest payable and similar charges |
– |
(
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Changes in: |
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Trade and other debtors |
(
|
(
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Trade and other creditors |
|
|
-------- |
-------- |
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Cash generated from operations |
|
(
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Interest paid |
– |
|
-------- |
-------- |
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Net cash from/(used in) operating activities |
|
(
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-------- |
-------- |
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Purchase of tangible assets |
– |
(
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-------- |
-------- |
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Net cash used in investing activities |
– |
(
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-------- |
-------- |
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Proceeds from borrowings |
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-------- |
-------- |
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Net cash from financing activities |
|
|
-------- |
-------- |
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Net increase/(decrease) in cash and cash equivalents |
|
(
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Cash and cash equivalents at beginning of year |
35,370 |
61,942 |
-------- |
-------- |
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Cash and cash equivalents at end of year |
|
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-------- |
-------- |
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Known as 'GMAC Film' |
Company Limited by Guarantee |
Notes to the Financial Statements |
Technical Equipment |
- |
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Computer & Software |
- |
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Office & Other Equipment |
- |
|
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Donations |
3,429 |
2,491 |
5,920 |
|
Donation in kind - Time |
– |
– |
– |
|
Grants |
248,444 |
271,331 |
519,775 |
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--------- |
--------- |
--------- |
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|
|
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--------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
(restated) |
||||
£ |
£ |
£ |
||
Donations |
1,118 |
– |
1,118 |
|
Donation in kind - Time |
8,000 |
– |
8,000 |
|
Grants |
156,321 |
218,660 |
374,981 |
|
--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
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Grant |
2023 |
2022 (restated) |
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£ |
£ |
|||
Glasgow City Council |
20,000 |
20,830 |
||
BFI Film Academy |
17,000 |
17,000 |
||
Robertson Trust |
– |
26,000 |
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Screen Scotland - Pathway Programme |
175,852 |
100,000 |
||
Screen Scotland - Reimbursement |
5,040 |
– |
||
Film Access Scotland |
2,652 |
7,511 |
||
Coronavirus Job Retention Scheme |
– |
3,648 |
||
Screen Education Edinburgh |
– |
20,535 |
||
Screen Scotland - Little Pictures |
138,651 |
120,000 |
||
Screen Scotland - Insight Consulting |
– |
1,980 |
||
Inspiring Scotland |
– |
16,861 |
||
Arts & Business |
– |
5,616 |
||
Youthlink |
– |
5,000 |
||
GCC - Business Support Grant |
– |
30,000 |
||
Curious About Film Club Funding |
2,990 |
– |
||
RCS |
264 |
– |
||
Robertson Trust |
29,900 |
– |
||
Screen Education Schools |
17,606 |
– |
||
Screen Skills |
18,000 |
– |
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Screen Start BBC |
18,199 |
– |
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Screen Start Glasgow City Council Economic Development Fund |
31,672 |
– |
||
SPP Screen Education |
15,506 |
– |
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University of Glasgow |
11,443 |
– |
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Other |
15,000 |
– |
||
--------- |
--------- |
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519,775 |
374,981 |
|||
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Office Rental |
17,005 |
– |
17,005 |
|
Hires |
287 |
– |
287 |
|
Outreach Youth Programme |
– |
– |
– |
|
Other Earned Income |
9,583 |
– |
9,583 |
|
-------- |
---- |
-------- |
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|
– |
|
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-------- |
---- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
(restated) |
||||
£ |
£ |
£ |
||
Office Rental |
12,915 |
– |
12,915 |
|
Hires |
7,493 |
– |
7,493 |
|
Outreach Youth Programme |
750 |
4,558 |
5,308 |
|
Other Earned Income |
4,439 |
12,418 |
16,857 |
|
-------- |
-------- |
-------- |
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|
|
|
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-------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Operation of Media Access Centre |
230,901 |
356,916 |
587,817 |
|
Support costs |
7,958 |
– |
7,958 |
|
--------- |
--------- |
--------- |
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|
|
|
||
--------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
(restated) |
||||
£ |
£ |
£ |
||
Operation of Media Access Centre |
297,347 |
156,956 |
454,303 |
|
Support costs |
1,071 |
– |
1,071 |
|
--------- |
--------- |
--------- |
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|
|
|
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--------- |
--------- |
--------- |
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Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
||
£ |
£ |
£ |
£ |
||
Operation of Media Access Centre |
587,817 |
5,008 |
592,825 |
455,374 |
|
Governance costs |
– |
2,950 |
2,950 |
– |
|
--------- |
------- |
--------- |
--------- |
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|
|
|
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--------- |
------- |
--------- |
--------- |
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Operation of Media Access Centre |
Total 2023 |
Total 2022 |
||
£ |
£ |
£ |
||
Finance costs |
– |
– |
(329) |
|
Independant Examiner fee |
808 |
808 |
1,400 |
|
Legal & professional fees |
4,200 |
4,200 |
– |
|
------- |
------- |
------- |
||
5,008 |
5,008 |
1,071 |
||
------- |
------- |
------- |
||
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Depreciation of tangible fixed assets |
14,171 |
14,171 |
-------- |
-------- |
|
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
– |
------- |
---- |
|
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Employer contributions to pension plans |
6,190 |
3,864 |
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
No. |
No. |
|
Management & Administration |
2 |
3 |
Operations and Project Staff |
13 |
5 |
---- |
---- |
|
15 |
8 |
|
---- |
---- |
|
Technical Equipment |
Computer & Software |
Office & Other Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 April 2022 (as restated) and 31 March 2023 |
|
|
51,901
|
|
--------- |
------- |
-------- |
--------- |
|
Depreciation |
||||
At 1 April 2022 |
|
|
38,149
|
|
Charge for the year |
|
– |
|
|
--------- |
------- |
-------- |
--------- |
|
At 31 March 2023 |
|
|
47,478
|
|
--------- |
------- |
-------- |
--------- |
|
Carrying amount |
||||
At 31 March 2023 |
|
– |
|
|
--------- |
------- |
-------- |
--------- |
|
At 31 March 2022 |
|
– |
|
|
--------- |
------- |
-------- |
--------- |
|
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Other debtors |
– |
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
– |
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Amount deferred in year |
68,278 |
– |
-------- |
---- |
|
At 1 April 2022 |
Income |
Expenditure |
Transfers |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
17,713 |
278,748 |
(224,688) |
(41,599) |
30,174 |
Designated Fixed Asset Fund |
23,437 |
– |
(14,171) |
– |
9,266 |
-------- |
--------- |
--------- |
-------- |
-------- |
|
41,150 |
278,748 |
(238,859) |
(41,599) |
39,440 |
|
-------- |
--------- |
--------- |
-------- |
-------- |
|
At 1 April 2021 |
Income |
Expenditure |
Transfers |
At 31 March 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
59,793 |
191,036 |
(284,247) |
51,131 |
17,713 |
Designated Fixed Asset Fund |
33,693 |
– |
(14,171) |
3,915 |
23,437 |
-------- |
--------- |
--------- |
-------- |
-------- |
|
93,486 |
191,036 |
(298,418) |
55,046 |
41,150 |
|
-------- |
--------- |
--------- |
-------- |
-------- |
|
At 1 April 2022 |
Income |
Expenditure |
Transfers |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Moving Image Arts Scotland |
– |
– |
– |
– |
– |
Little Pictures |
20,957 |
138,651 |
(154,078) |
– |
5,530 |
Junior Movie Club |
– |
– |
– |
– |
– |
BFI Film Academy |
– |
17,000 |
(17,265) |
265 |
– |
Coronavirus Job Retention Scheme |
– |
– |
– |
– |
– |
Development - Youth Programme |
– |
– |
– |
– |
– |
GMAC Action! |
16,754 |
– |
(16,754) |
– |
– |
Screen Start |
9,320 |
70,362 |
(105,676) |
26,000 |
6 |
Diversity in Film |
– |
– |
– |
– |
– |
Care Experience Programme |
– |
– |
(3,717) |
3,717 |
– |
Curious About Film |
– |
2,990 |
(2,990) |
– |
– |
Glasgow University Workshop |
– |
11,443 |
(16,718) |
5,275 |
– |
Kirkintilloch Tranactions |
– |
17,606 |
(17,763) |
157 |
– |
RCS |
– |
264 |
(264) |
– |
– |
Screen Progression |
– |
15,506 |
(15,659) |
153 |
– |
Youth Programme |
– |
– |
(5,842) |
5,842 |
– |
Youth Team |
– |
– |
(190) |
190 |
– |
-------- |
--------- |
--------- |
-------- |
------- |
|
47,031 |
273,822 |
(356,916) |
41,599 |
5,536 |
|
-------- |
--------- |
--------- |
-------- |
------- |
|
At 1 April 2021 |
Income |
Expenditure |
Transfers |
At 31 March 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
Moving Image Arts Scotland |
1,344 |
20,535 |
(18,059) |
(3,820) |
– |
Little Pictures |
20,053 |
120,000 |
(71,770) |
(47,326) |
20,957 |
Junior Movie Club |
2,000 |
– |
(2,000) |
– |
– |
BFI Film Academy |
– |
17,000 |
(14,040) |
(2,960) |
– |
Coronavirus Job Retention Scheme |
– |
3,648 |
(3,648) |
– |
– |
Development - Youth Programme |
– |
22,592 |
(21,652) |
(940) |
– |
GMAC Action! |
– |
16,861 |
(107) |
– |
16,754 |
Screen Start |
– |
30,000 |
(20,680) |
– |
9,320 |
Diversity in Film |
– |
5,000 |
(5,000) |
– |
– |
Care Experience Programme |
– |
– |
– |
– |
– |
Curious About Film |
– |
– |
– |
– |
– |
Glasgow University Workshop |
– |
– |
– |
– |
– |
Kirkintilloch Tranactions |
– |
– |
– |
– |
– |
RCS |
– |
– |
– |
– |
– |
Screen Progression |
– |
– |
– |
– |
– |
Youth Programme |
– |
– |
– |
– |
– |
Youth Team |
– |
– |
– |
– |
– |
-------- |
--------- |
--------- |
-------- |
-------- |
|
23,397 |
235,636 |
(156,956) |
(55,046) |
47,031 |
|
-------- |
--------- |
--------- |
-------- |
-------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
9,266 |
– |
9,266 |
|
Current assets |
58,124 |
73,815 |
131,939 |
|
Creditors less than 1 year |
(27,950) |
(68,279) |
(96,229) |
|
-------- |
-------- |
--------- |
||
Net assets |
39,440 |
5,536 |
44,976 |
|
-------- |
-------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
23,437 |
– |
23,437 |
|
Current assets |
45,064 |
54,531 |
99,595 |
|
Creditors less than 1 year |
(27,351) |
(7,500) |
(34,851) |
|
-------- |
-------- |
-------- |
||
Net assets |
41,150 |
47,031 |
88,181 |
|
-------- |
-------- |
-------- |
||
At 1 Apr 2022 |
Cash flows |
At 31 Mar 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
19,567 |
|
Debt due within one year |
(5,000) |
(2,000) |
(7,000) |
-------- |
-------- |
-------- |
|
|
|
|
|
-------- |
-------- |
-------- |
|