West of Scotland Schools Orchestra Trust CHARITY NO. SC029370
Annual Accounts for the year ending 31 July 2025
VSS) WE = = ss i - cust LS
West of Scotland Schools Orchestra Trust
Annual Report for the year ended 31 July 2025
| Page | |
|---|---|
| Reportofthe Independent Examiner | Z |
| Reportofthe Trustees | 3-13 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15 |
| NotestotheAccounts | 16-17 |
Independent Examiner's Report to the Trustees of West of Scotland Schools Orchestra Trust
I report on the accounts for the year ended 31 July 2025 set out on pages fourteen to seventeen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
Have not been met
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Garry Millar F.C.C.A Watson & Company Oakfield House 378 Brandon Street, Motherwell NORTH LANARKSHIRE ML1 1XA
Date: 2e/f9e2 6/ P/Ie
Page | 2
WSN WEST OF SCOTLAND SCHOOLS ORCHESTRA TRUST
==> picture [65 x 60] intentionally omitted <==
----- Start of picture text -----
Strathclydesone g OD
Glasgow
----- End of picture text -----
WEST OF SCOTLAND SCHOOLS ORCHESTRA TRUST REPORT ON SEASON 2025
Membership Summary
-
e A total of 326 applications were received
-
e 311 young musicians were offered a place e 272 took up the offer
Membership remained close to season 2024, showing a consistent level of demand for places withinall 4 WSSO ensembles
==> picture [436 x 401] intentionally omitted <==
----- Start of picture text -----
Auditions for senior ensembles took place in Glasgow during November while all training ensemble
applicants who satisfied the required criteria of age and approximate playing level, based on
teacher reports, were offered a place. Membership was distributed across the ensembles as follows:
[Ensemble
| Membership'24|-Membership'25 |
[eee Conca Bands S| re es ee oe ee PeFluctuationed
Syriphony Oveheshia =| aon OO eS ROR cc [oe OR ae
ae Tate ee ee
| {pres ftt et sj
i 1 | } ; , ' f ij '
it ' ' i
f. 4 Ae Ci . [ Se <p ee Say e pelt
7 EY RY Mg aq eS
ae! Ase 3 BLD otA ce
=r ] i Fe be | & Di oa 4 - ite
see oe th) 3 Oo Wa ae
----- End of picture text -----
WSSCB, New Auditorium, June 2025
Page |3
2025 Calendar of Events & Activities
==> picture [435 x 391] intentionally omitted <==
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The|calendar|for|season|2025|shows|the|extensive|and|well-established|range|of|music-making|
|activities|which|took|place,|including|taster|days,|residential|courses,|and|large-scale|concert|events.|
|srecedbyoawao'cmen[Ret|[Verweapeeis|||
|DreredbyMicneemcabe[ft|| Venweabeae|
|[Dvecedbycms tance|||Venue tate|
|[tronedbyiamestowe|[fet|| Menweawae|
----- End of picture text -----
==> picture [426 x 133] intentionally omitted <==
----- Start of picture text -----
2 ewe UN | 8 & &
ae Ce’ ean” a
] ee : i. <<. — a
Images: Concert Band Taster Day, April ’25 / Training Band Sectional Rehearsal Day, May ‘25
----- End of picture text -----
Page | 4
2025 Season Highlights
This season, our senior ensembles delivered an exceptional level of music-making, with tutoring staff hailing their performances as among the very best in the Trust's history. Both the Concert Band and Symphony Orchestra took on challenging repertoire and performed with remarkable style, maturity, and refinement. All three concerts were a resounding success, receiving overwhelmingly positive feedback from parents and audience members.
‘| just want to thank you and all the WSSO team for providing such an all-round excellent experience for my daughter once again this year. My daughter returned from the residential energised and excited by the inspiring people she met, the new skills she had developed and of course the fun she had. The season's concert finale was an excellent reminder of what young people are capable of when you combine their passion for music with plenty of hard work and a really dedicated team. Thank you so much for making this happen.’
Kate Ludkin and Niall Finnie
Inspired by the remarkable talent on display during auditions, we launched our first-ever online concerto competition. The event, held via submitted recordings instead of a live competition at City Halls, showcased the incredible skill of our young musicians. This year's winner, Johnny Gray from East Ayrshire (a student at the Douglas Academy of Music), performed Saint-Saéns' Cello Concerto No. 1 in A minor as a featured soloist with the symphony orchestra.
==> picture [433 x 404] intentionally omitted <==
----- Start of picture text -----
or s= Be :
“fee x ee > & Ww ry i
lm) 1 , Ps thy = + _ .
“" ; | = | oe =
:oe eSd é - : . a
EN a
tom 4
Johnny Gray with with WSSSO, City Halls, Aug ‘25
Thanks to funding from Witherby Trust, to funding from Witherby Trust, funding from Witherby Trust, from Witherby Trust, Witherby Trust, Trust, all 272 ensemble ensemble members were were presented with a WSSO Trust WSSO Trust Trust
commemorative hoodie celebrating 30 years of music-making.
eae | eee ee ae Se Ree
a | @& or- a |i e7 ae m a | j fer a?P Se |: =
----- End of picture text -----
Johnny Gray with with WSSSO, City Halls, Aug ‘25
Thanks to funding from Witherby Trust, to funding from Witherby Trust, funding from Witherby Trust, from Witherby Trust, Witherby Trust, Trust, all 272 ensemble ensemble members were were presented with a WSSO Trust WSSO Trust Trust commemorative hoodie celebrating 30 years of music-making.
String Orchestra members with West hoodies, May ‘25
Page |5
Ensemble Programmes
Senior ensemble artistic directors, Chris Mitchell and James Lowe carefully considered reports from audition panel members to ensure selected programmes reflected the playing strengths within each section. Training ensemble artistic directors, Michelle McCabe and David O’Connell, referred to teacher reports and assessed the playing level during the initial Taster Day before confirming programmes which ensured a fun, challenging and rewarding experience for members.
==> picture [436 x 230] intentionally omitted <==
----- Start of picture text -----
Staffing
— Pipa During the season, 70 staff members provided
| ane 4 _ dedicated support for WSSO activities. Each ensemble
Ri oe fay aS ig |. was led by a course and artistic director, supported by
SV i ve house tutors, section tutors, pastoral house staff, a
ee “yf =\% ee = stage crew and librarian. All worked closely to ensure
ihn a) P i) : ensemble members were able to enjoy a high-quality
cae es Ce. a eer ht) experience in a nurturing and positive environment.
ot Se
é Aer t Py The long service of several staff members was
4 a } ie f i emcees S| recognised, including course directors, Jane Ferguson
7 3s pounce — “a and Fergus Kerr who have led their respective ensemble
| ) i\ a y pas:» 23>.ae team_—sInrresponse for overto 20a years.request from Trustees, the table below
_— ee roe Ay, Pro shows 22 local authority staff, released from normal
Me id ti seeumme=SC(étteaching duties, to assist with the delivery of Trust
Ee “= ™ » activities during the season.
----- End of picture text -----*
Training Band Staff at Lendrick Muir, Sep ‘25
Page | 6
Partner Local Authority Staff Commitment to WSSO Activities
| SRR Na CeO Re We ne ire AREY RY emerMLTR OSES |
SRR Na CeO Re We ne ire AREY RY emerMLTR OSES |
aMee werPERECaratecoe | aMee werPERECaratecoe |
|---|---|---|---|
| ROea eal baresleTe i aales |
DonaldFinlayson (12Days) ChrisEdwards(2 Days) |
||
| pct eacece 2 ale a lars toe a Soe |
Chris Mitchell (5 Days) Rachel Finlayson (1.5Days) |
||
| 1EastDunbartonshire Council eaeaoSeesmic |
Susan Dance (2 Days) RebeccaWhitener(4.5Days) |
14.5 | |
| Schsibelcoteiner ed SHEET ;lnyereyde Council eee ee bf tnRtacL Pe eon ae i Renfrewshire Council _sta eeeee |
Amanda Currie (3 Days) KirstinWilkes(3Days) Kayleigh Sharp (2Days) John PaulO'Hagan (5 Days) Kayleigh Sharp (3 Days) Gregor Beattie (5 Days) |
a4 13 |
|
| ESbuthAVEeBIeiountil a.see Peeaeesarse eee eRe er oe 2 ta a, Depmene tee Glasgow CityCouncil jie eRaReesSti oan fo ee pear tears ter raea Neneae |
David O'Connell (8days) NicolaConnell (1Day) Kath Nagl (4Days) AndrewMckKreel (3 Days) Rachel Finlayson (2.5 Days) FionaRamsay (4Days) |
9 7 ee |
|
| SouthLanarkshireCouncil | AndrewMckKreel (2Days) | 2 | |
| rae — aa |
Total | 91.5 | |
| Artistic & Course Directors 2025 |
|||
| The core staff team of course and artistic directors remained largely unchanged | during the season. | ||
| Fergus Kerr kindly stepped in as Course Director for the String | Orchestra residential course at | ||
| Ardentinny to coverfor Shelagh McKail, whowas unable to attend due to playingcommitments. | commitments. | ||
| ya | |||
| ou Pw |
i |
WSSSO Artistic Director, James Lowe at Ayr Town Hall, June ‘25
Page | 7
Core Staff ‘25
==> picture [482 x 556] intentionally omitted <==
----- Start of picture text -----
David O'Connell String Orchestra Artistic Director
Michelle McCabe Training Band Artistic Director
Donald Finlayson Training Band
Symphony Orchestra Artistic Director
Outstanding Ensemble Members — Season 2025
De, eeee ees Winker Sob SeAaee
pDrchestia [|][ Concerto] [So] [o][Ist] [sie][ST][pias] [Johnny][ Gray] Douglas Academy Music School
egOrchestraLeader raeRate cays aia Smee,eespee 7 eer ese ae Zoe Drysdale Douglas Academy Musicg School
Outstanding Menberof the Trainin Band _ Hugh Francis Rush _ Inverclyde
Outstanding Member ooff the String Orchestray Kaimerry Tianfield East Renfrewshire
|peeWSSCB MichaeloneaSiSStoakescece————Trophy SEEWinner —_ Heilidh Mclntyr:Ae InverclydM3
| WSSSO Michael Stoakes Trophy Winner Charles Lloyd South Ayrshire
op ae eeoe eecae ee eeet
, er iy Aye :
are Stagger sage he y bo id pes P| — eS +e ,
+
se =om ¢ ay3 mie 5 &.a wed Cane-_ = = eG wh M,
mm, : fe i er fe
3 if fe a Mey, y BS if
4 [{]
~
' “- ee.|
WSSSO Trophy Winner, Charles Lloyd, City Halls, Aug ‘25
----- End of picture text -----*
Feedback
As part of our review of the season, senior ensemble members were invited to complete a questionnaire to help provide greater understanding of the impact WSSO activities have on the young people taking part each year and identify strengths and any areas where the Trust could do better.
This has proved to be an insightful tool which provides firm evidence of the impact which Trust activities have on young people which was key in securing £15,000 in funding for new instruments during the season.
Page | 8
On a scale of 1 (poor) to 5 (excellent) how would you rate the Conductor? 23 responses
==> picture [178 x 53] intentionally omitted <==
----- Start of picture text -----
@1
@2
69.6% e3
@4
@5
----- End of picture text -----
A summary of responses is as follows:
Residential Course
-
e 100% rated section tutors as very good or excellent e 100% found everyone to be helpful and friendly
-
e 100% Enjoyed meeting new people who feel the same way about music e 100% made new friends
-
e 100% enjoyed working as part of ateam
-
e 100% enjoyed the social activities e 96% of members rated the conductor as very good or excellent
-
e 91% rated the concert programme as very good or excellent e 87% rated the accommodation as very good or excellent e 82% rated the social activities as very good or excellent
Food was the least popular aspect of member responses with 56% rating it very good or excellent, 30% as good and 13% not good.
Most popular aspect of the residential course
-
e Making friends (42%)
-
e Rehearsals (38%)
-
e The concerts (23%)
Impact
-
e 100% enjoyed the challenge of playing more difficult music e 100% felt they were able to play the music well by the end of the course e 100% learned from watching and listening to other section members
-
e 100% feel it’s important to meet and play with musicians from other local authorities e 96% felt they are better players because of the experience with WSSO
-
e 95% feel more confident about themselves after taking part with WSSO e 91% felt inspired by the tutors e 91% felt they would practice more because of being a member
Sample of Member Comments
- e Thanks again for yet another amazing West experience and can’t wait for next year! e Best residential course I've been on, to date. Overall extremely well organised, a really positive environment, and an amazing group of tutors that were so helpful!
Page | 9
- e —/t was an absolutely magical experience andi will be coming back, | did the training band the previous year and that was great but the concert band was even better because of how demanding the music was. Thanks to West my tonal quality and general understanding of music is drastically better and I’ve got memories that will last me a lifetime. Thank you!
==> picture [435 x 216] intentionally omitted <==
----- Start of picture text -----
ae - B gh ee
A y A r. y € ue Z
a <i. Ps: & ‘ 5 e a
és me . feet OE By Gar [hag] eaeeeeee
ee | at, cep Noord ee Me ie, er ee
‘ ee < & Petaa Seem ate te Se Tigeda cee
% [oo digas ee eeeSe
Concert Band members taking part in social activities at Lendrick Muir, June ‘25
----- End of picture text -----
Financial Report on Season 2025
The WSSO Trust accounts enclosed, reflect the period from 1% August 2024 to 31% July 2025. The Budget Tracker, introduced in January, is designed to give a greater understanding of the calendar year financial picture and has been updated throughout the season to record actual income and expenditure, providing an overview of financial progress compared to forecasts.
2025 Financial Projections vs Actual Results
Overall income for the 2025 calendar year exceeded projections by £64,917, driven primarily by early member contribution payments for the 2026 season.
==> picture [438 x 167] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
||Member|Contributions|a0|:|104,000|105,510|+1,510|
|Local Authority Contributions|65,016|67,200|+2,184|
|||Gift Aid|23,000|24,135|+1,135|
|Concert|Income|15,500|16,659|+1,159|
||Donations-|Witherby|Annual|||8,000|©|6,275|||(1,725)|
|SYJO Funds Transfer|||108,700|||107,946|||(754)|||
|_|Donations|(Individual)|||600|||400|(200)|©|
|SUBtOtA|fie: See|PEON|ct|aacRe|MO|BGNS|tian|Eee|
|LTONSUINCONG|i|ioe|Aloe|aoe aaa|OBUOL)|IIa|BO ONTD ||
----- End of picture text -----
Page | 10
Key Financial Insights
Endowment Interest & Management
Following consultation with the University Finance Office, an initial interest rate of 4.35% has been applied to the SYJO and WSSO endowment funds. Interest will be credited annually, eliminating the need for manual transfers to external savings accounts. Moving forward, this rate is subject to annual review and will adjust to reflect shifting market conditions.
December 2025 Contribution Analysis
The original 2025 projections did not account for "early bird" member contributions received in December for the 2026 season. Internal analysis of the University Online Shop between December ist and 31st identified £56,120 in prepayments. When combined with the higher-than-expected interest yields, these items bolstered the calendar year-end position by over £64,000 compared to the initial budget.
==> picture [177 x 10] intentionally omitted <==
----- Start of picture text -----
Composition of Total Actual Income (2025)
----- End of picture text -----
==> picture [459 x 291] intentionally omitted <==
----- Start of picture text -----
Individual Donations _ Interest on Savings
Early 2026 Contributions
SYJO Funds Transfer
26.2%
Member Contributions 25.6% ‘ess,
15% AR4 Donation - Hoodies
26%
Donations - Witherby Annual
5.8% Foyle Foundation
Concert Income
Gift Aid
Local Authority
----- End of picture text -----
Expenditure 2025
Expenditure Analysis: 2025 Budget vs. Actuals
Total operational expenditure for the 2025 calendar year was £264,034, representing a slight variance from the projected budget. While most operational costs remained under or on target, staffing costs were impacted by updated university holiday pay policies.
Page | 11
Holiday Pay Regulation
The 2025 actual results include a new expenditure line of £12,134 for holiday pay. Following current UK employment law and University Finance Office policy, all "Undertaken Duties" claims now attract a mandatory 20% holiday pay uplift. These regulations ensure that ad-hoc and seasonal workers receive statutory paid leave rights. This requirement was not fully accounted for in the initial 2025 projections, leading to the variance in the staffing budget.
==> picture [439 x 546] intentionally omitted <==
----- Start of picture text -----
Expenditure Table
CourseESeer feted (e) Actual 8) variance (é)-
| Residential & OperationsCourse Accommodation = =~~oe ~—~—«101,936-~S««100,545.~Ss—~<C«a;= | Pe ORGS 39.
| Musical Instruments (Purchase, Hire & Maintenance.) i 15,000 | 15,000 — |
| Transport (Vans & Coaches) 13,714 | ls 258s e +456
_AnniversaryHoodies = | 5,000 ~—5,000 =
| Sheet Music (Scores and Parts) 1,316 | 1,316 ae
| Staffing
[Tutors][ &] [Pastoral] [Staff] 40,300 45,409 (5,109)
| [Ensemble] & ProfessionalFees ee ee ee ee
GeneralManager ssi‘; 88000) 836,883) 41,117
“Office & Librarian Staff ES 11,480 13,203 ~=——(1,723)
|Logistics| Holiday &Pay StageManagement(UndertakenDuties) 6122,934| 060) (12,134)4552
|\TravelExpensesAccountancyAdministration Services & Travel —is—<“—s~—s—‘“‘“‘“‘<‘<‘ié‘s;™~~~~«t| g 800GO| 2,3791,020 | e e eaee(220)+221||
| Ceilidh Band 1,200 | 1,300 © (100)
| Office Supplies 1,390 | 1,128 +262
“Insurance” Se 200,0—~«O«Y2; 286 ti—itisé«i
| Digital Services (Web/Media) 532 289 +243
Total Expenditure 250,980 264,034 (13,054)
Tutoring and Hourly Claims
Staffing levels for the year were the year were were split between the senior and training ensembles: ensembles:
e Senior Ensemble Staff: 1,371 hours claimed.
e Training Ensemble Staff: 828 hours claimed.
The University’s standard tutoring rate rose slightly from £20.37 to £20.65 per hour during the
reporting period.
a Coo rerr ee gia
, . /
WD Selle lh lst eM, cece! | aadSh ch tees) SS |i
----- End of picture text -----*
Tutoring and Hourly Claims
Staffing levels for the year were the year were were split between the senior and training ensembles: ensembles:
The University’s standard tutoring rate rose slightly from £20.37 to £20.65 per hour during the reporting period.
Page | 12
2025 Financial Summary: Net Position
WSSO Trust concluded the 2025 calendar year with a surplus position of £148,699. When the SYJO Transfer funds and early 2026 member contributions are excluded, the operational deficit for the calendar year is £15,367, due primarily to the implementation of Holiday Pay in respect of tutoring staff.
This highlights the need to continue the work undertaken by the General Manager to raise income and identify further savings to achieve operational balance.
Budgetary Evolution
As 2025 marked the inaugural year of the Calendar Year budget forecast, the General Manager views this as a baseline period. Lessons learned from this transition will ensure that future financial projections are increasingly aligned with actual outcomes.
Annual Accounts
The annual accounts to July 2025, reflect our three-year roadmap on transitioning to an operational surplus. Further savings have been implemented since the year end, which, when combined with the relocation of the June orchestra residential to Stirling University in June 2026, are expected to deliver the efficiencies necessary to move the accounts into the black by July 2026.
==> picture [435 x 49] intentionally omitted <==
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|July Year|End|Accounts:|3|Year|Deficit|(Once|GCC &|SYJO|Trust|fund|transferrals|are|excluded)|
|eee||eeee2024|Sia ee||8S£35,888|rae|||Bee|pepo+|£12,437 yeos|||
----- End of picture text -----
Summary and Acknowledgements
The past year has been defined by exceptional musicianship, showcased through three highly successful concert events. The positive feedback received via member questionnaires and messages from families, alongside our improving financial trajectory, is a testament to the dedication and expertise of the WSSO staff.
Their collective commitment to maintaining professional standards and ensuring a premier experience for every young musician—complemented by the General Manager’s focus on income generation and cost efficiencies—has been vital to our progress.
The Trust continues to rely heavily on 12 partner local authorities, the University of Strathclyde, and the many individuals and organisations who give their time and resources. This unique partnership ensures that young people from across the West of Scotland can collaborate in a safe, nurturing environment, allowing them to realise their musical potential and grow in confidence. We are immensely grateful for this ongoing support and extend our sincere thanks to all involved.
Allan Hewitt Chairman
Page | 13
WEST OF SCOTLAND SCHOOLS ORCHESTRA TRUST CHARITY NO. SC029370
==> picture [483 x 621] intentionally omitted <==
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Statement|of Financial|Activities|:|For the Year to|31|July|2025|
|Income|Funds:|Endowed|Total|Total|
|General|Restricted|Fund|31.07.25|31.07.24|
|Purposes|
|£|£|£|£|£|
|Incoming|Resources|
|Donations|51,353.40|51,353.40|30,769.69|
|Donation|-|University|of Strathclyde|10,033.20|10,033.20|10,329.75|
|Fund|Raising|0.00|0.00|0.00|
|Local|Authority|Grants|66,888.00|66,888.00|68,865.00|
|Member Contributions|&|Ticket|Sales|103,012.83|103,012.83|97,110.00|
|Receipt|of Bequeathed|Funds|0.00|0.00|100,000.00|
|Receipt|of funds from|closure|of SYJO|105,549.73|105,549.73|0.00|
|Investment|income:|0|0.00|0.00|
|Deposit|Income|2|4,437.79|4,437.79|3,972.92|
|Total|incoming|resources|341,274.95|0.00|0.00|341,274.95|311,047.36|
|Expenditure|
|Direct charitable|expenditure|
|Equipment|&|Repairs|0.00|0.00|0.00|
|Fees|-|Directors,|etc.|3|77,027.54|77,027.54|72,276.84|
|Musical|Supplies|16,086.20|16,086.20|2,459.53|
|Courses|and|Concerts|Expenses|2,198.64|2,198.64|384.10|
|Transport|14,892.31|14,892.31|14,894.22|
|Expenses|0.00|0.00|0.00|
|Accommodation|79,922.48|79,922.48|104,208.90|
|Miscellaneous|0.00|0.00|3,379.13|
|Depreciation|0.00|0.00|216.31|
|190,127.17|0.00|0.00|190,127.17|197,819.03|
|Promotional|Activities|0.00|0.00|0.00|0.00|0.00|
|Management|&|Administration|
|Insurances|1,126.69|1,126.69|1,126.69|
|Printing|&|Stationery|1,797.52|1,797.52|884.37|
|Legal|Costs|0.00|0.00|0.00|
|Miscellaneous|0.00|0.00|0.00|
|Fees|paid|to|Independent|Examiner|1,404.00|1,404.00|902.00|
|General|Manager|Costs|37,396.13|37,396.13|35,873.05|
|Contribution|to|Support|Services|10,033.20|10,033.20|10,329.75|
|51,757.54|0.00|0.00|51,757.54|49,115.86|
|Total|Expenditure|241,884.71|0.00|0.00|241,884.71|246,934.89|
|Net|Incoming|Resources|99,390.24|0.00|0.00|99,390.24|64,112.47|
|Total|funds|brought|forward|144,457.05|0.00|0.00|144,457.05|80,344.58|
|Total|funds|carried|forward|£|243,847.29|£|0.00|£|0.00|£|243,847.29|£|144,457.05|
|Statement|of Net|Expenditure|for the Year to|31|July 2025|
|Total|Total|
|2025|2024|
|£|£|£|
|Gross|income|as|above:|
|General|purposes|fund|341,274.95|
|Restricted|funds|0.00|
|341,274.95|311,047.36|
|Total|expenditure|as|above:|
|General|purposes|fund|241,884.71|
|Restricted|funds|0.00|
|241,884.71|246,934.89|
|Net (expenditure)/income|for the year|£|99,390.24|ie|64,112.47|
----- End of picture text -----
Page | 14
WEST OF SCOTLAND SCHOOLS ORCHESTRA TRUST
BALANCE SHEET AS AT 31 JULY 2025
| BALANCE SHEET AS AT 31 JULY 2025 | |||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | ||||||
| Notes | £ | £ | |||||
| FIXED ASSETS | |||||||
| Musical Instruments | 4 | 69,014.00 | |||||
| Containers, Laptop & Mobile Phone | 4 | 0.00 | |||||
| 69,014.00 | 69,014.00 | ||||||
| CURRENT ASSETS | |||||||
| Held by University | 144,951.67 | ||||||
| Debtors & prepayments | 31,081.62 | 176,033.29 | 177,143.91 | ||||
| CURRENT LIABILITIES: payable within one year | |||||||
| Creditors and Accruals | (1,200.00) | ||||||
| (1,200.00) | (101,700.86) | ||||||
| Net Current Liabilities | 174,833.29 | 75,443.05 | |||||
| Total Assets less Current Liabilities | 243,847.29 | 144,457.05 | |||||
| NetAssets | £ | 243,847.29 | £ | 144,457.05 | |||
| FUNDS | |||||||
| Income funds: | |||||||
| GeneralPurposeFund | £ | 243,847.29 | £ | 144,457.05 |
Approved by the Trustees on: 13th March 2026
Signed on behalf of Trustees: LC Dr. Allan Hewitt Chairman
Page | 15
:
'
West of Scotland Schools Orchestra Trust
Notes to the Accounts for the Year Ended 31 July 2025
1 Accounting Policies
General
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financial statement have been prepared under the historical cost convention.
Depreciation Policy
Due to the nature of the assets being musical instruments and the fact that they generally hold their value, no depreciation has been allowed for in the year. Containers are depreciated 20% straight line basis over the useful economic life. Computer equipment is depreciated 33% straight line basis over the useful economic life.
2 Deposit income included above is for the period 01/04/24 to 31/03/25
3 Fees
| Feesabovecomprise | National | Total | ||||
|---|---|---|---|---|---|---|
| Basic | Insurance | Superannuation | ||||
| £ | £ | £ | £ | |||
| Artistic Directors | 4,858.00 | - | - | 4,858.00 | ||
| Part-time Tutors / Course Directors | 72,169.54 | - | - | 72,169.54 | ||
| 77,027.54 | - | - | 77,027.54 | |||
| 4 | Fixed Assets for use bythe Trust. | |||||
| The musical instruments are shown at the estimated market value at the | date | |||||
| of recognition ofthe Trust (28 August 1999) | ||||||
| Musical | Computer | |||||
| Instruments | Containers | Equipment | Total | |||
| Cost | ||||||
| At 1st August 2024 | 69,014.00 | 11,655.78 | 1,677.95 | 82,347.73 | ||
| Purchases | 0.00 | |||||
| At 31st July 2025 | 69,014.00 | 11,655.78 | 1,677.95 | 82,347.73 | ||
| Depreciation | ||||||
| At 1stAugust 2024 | 0.00 | 11,655.78 | 1,677.95 | 13,333.73 | ||
| Charge foryear | 0.00 | 0.00 | 0.00 | |||
| At 31st July 2025 | 0.00 | 11,655.78 | 1,677.95 | 13,333.73 | ||
| Net Book Value | ||||||
| At 31st July 2024 | 69,014.00 | 0.00 | 0.00 | 69,014.00 | ||
| At 31st July 2025 | 69,014.00 | 0.00 | 0.00 | 69,014.00 | ||
| 5 | Analysis of Net Assets by Fund | |||||
| General | Endowed | |||||
| Purpose Fund | Funds | Total | ||||
| £ | £ | £ | ||||
| Fixed Assets | 69,014.00 | 0.00 | 69,014.00 | |||
| CurrentAssets | 176,033.29 | 0.00 | 176,033.29 | |||
| Current Liabilities | (1,200.00) | 0.00 | (1,200.00) | |||
| Long Term Liabilities | 0.00 | 0.00 | ||||
| ClosingFundBalances | 243,847.29 | 0.00 | 243,847.29 |
Page | 16
t
West of Scotland Schools Orchestra Trust
Notes to the Accounts for the Year Ended 31 July 2025 Cont.d
6 Funds and Fund Transfers
Strathclyde Region Fund
This fund, which is held in trust by Glasgow City Council, under a separate Trust, was set up originally by Strathclyde Regional Council, with the purpose of helping to fund the continuing activities of the West of Scotland Schools Orchestra. In accordance with the stated terms of the deed, the revenue from the fund is transferred annually to the West of Scotland Schools Orchestra Trust's General Purpose Fund.
7 Trustee's Remuneration and Expenses
No remuneration, directly or indirectly, out of the funds of the Trust, was paid or payable for the year, to any trustee or to any person or persons known to be connected with any of them.
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
8 Fees paid to Independent Examiner
Fees paid to Independent Examiner comprise: Fees for Independent Examination 1,404.00 Fees for other services ~ 1,404.00
Page | 17