We were asked in the AGM Trust members notification letter to “Accept the Annual Accounts to 31 July 2019” and helpfully included was a printed copy of the accounts as posted on Companies House on 16th June 2020.
This included the following information in the ‘Notes’ section
Leaving aside the questionable statements in section 1 for the moment and looking at section 2 – we can see that the income from SPR Kilgallioch is stated as £154.150 for the year 2019 and £78,696 for year 2018.
When we compare that with the Kilgallioch accounts for 2019 as posted on Companies house we see that the donations are clearly stated as being £184,980 for 2019 and £71,250 for 2018 respectively.
This would appear to indicate a shortfall on the Kirkcowan trust of £38,830 for the year 2019 – HOWEVER – if we look at the 2nd line on the Kirkcowan sheet we see separate entries for “SPR Endowment Fund “which would appear to be the “missing” £30,830 in 2019
i.e. if we simply add Row 1 and Row 2…
|SPR Endowment Fund||£30,830|
|Gives total 2019 grant of||£184,980|
…which matches up nicely with the Kilgallioch accounts.
The real fun begins with the 2018 entries when we attempt to apply the same formula to the totals displayed. (Row A + Row B = ?)
Despite numerous efforts I have been unable to perform the required mental gymnastics in order to add £78,696 to £11,875 and match the stated total of £71,250 in the Kilgallioch accounts.
(Barrhill accounts also appear to show 2018 Kilgallioch income as £71,250)
And that, folks, is one of the many reasons I am not an accountant and is also why I find myself unable to ‘accept’ the annual accounts without some further explanatory clarification to show the workings.