REGISTERED CHARITY NUMBER: SC042900 Re rt ofthe Trustees Unaudited Fiaxncial StstemeDts for the Year Ended 31 Janua 2024 for St Andrews Voi¢es Orcadia Chanered Accouncanls - i Easi Road Kirki*all OrkneN' KW15 IHZ
St Andrew3 Voices Contents of the FiThanciYdl StateTnents for the Year Ended JI Janua 2024 Page Report of the Trustees Independent Exatniner's Report Statement of Financial AcliTr'ities B*laDce Sheet Notes to the Financial Statements 7 to 12
Si Andrews VoleL8 Re ort of the Trnstees for the Year Ended 31 Janua The trustees present their rel with th¢ fman¢ial statements of th¢ Charity for th¢ Y cnded 31 January 2024. The trustees have ad¢[rt thc provisions of Accounting and Reporting by Chariti¢ Stat¢m¢nt of ReKommMd¢d Practice aFylicable to chariii¢s weparing their acc(wnts in accordance with th¢ Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Objeclives To establish and develop a festival (Tr Festival") which brings hi8hquality vocal wforn)anc to St Andrew4 and promotes artistic innovation within and across rnusical g¢nr¢ To develop and enrich audience5 and wtential audiences of all age4 EM)th in St Andr¢ws and nationwid< through a Tange of tnusical and edwational evenl& To enhJnc¢ th¢ wh¢5ion of the local communiry by building on the alrcady strong local apwite Cul1 even and to connect St Andrews to culturnl activities with a national and intenmtional repulation. The prin¢ipal activity of the Charity is to or8anise an annual festival of vocal and choral music in St Andrews over a weekend in the second half of Octo. A developing •Gtivity has been to organi ¢dutIonal Workshops prior to the Festivttl for IrKal groups (including a dryn¢ntia group) resulting in an appropriat¢ involv¢ment in the Festival itsclf. ACHIEVEMENT AND PERFORMANCE Charitsble activities St Andrew5 Voices is Scotland's only Festival dedicated to vocal and choral musi¢. It is a festlval with a prestigious track-reCO which seeks to brin8 tO8¢th¢r pwlc of all ageslbackgrounds and inspire them to ty something new. However, pressures on securin8 funding and other unavoTdabl¢ factors nec¢gSitated the 2023 Feslival to be cancelle4 with the exception of aiau.inspiTed Te Deum ¢omNi&ed and ommission¢d by the Festival. It was sung during th¢ mornin8 service in the University Chapel on Sunday 22 October 2023. FAlucational workshops for local group5 (inGludin8 a (kmentia group) have continued. Fln*lltial positlon The charity was mainly thnded by grants from Trnsts And Foundations of £IO.000. Donations were £2.150, business sponsorships were £1,610 and bank cashback was £2. The total income was £13.762. Th¢ total exp¢ndilure for the period was £19,479. This resulted in a defictt surplus for th¢ WK)d of £5.717, which deducted from the r¢scr¥¢s at the start of the period of £7J29, left a balance of reserves at 3 l January 2024 of £1,612. R¢¥¢rvu policy The Trustees consider the level of reserles whlch the Charity aspires to cany should be sulfi¢irt to cover all ¢osts and finan¢iAI commitments in th¢ ev¢nt that the Charity required to cew OFTations. The Trnstees, policy is to taIn 3 monthg, worth of norn]al nmning costs in order to m¢¢t ¢ommith)ents and to cover any unexted expenditure. Three months of nornial rynnin8 Costs stsnds at £4,066 and r¢serv¢s ar¢ below this at £1.612. How¢ver. it has been decided that the Charity will be wound up in the next year. Page I
St Andrews Voiees rt of the Trus for the Year Ended 31 FUTIJRE PLANS With regret, the Bwd of Trustees have &cided that th¢ charity Sh(Id be WOUDd up. There are suffKient reserves to achieve this and any surplus will b¢ d(wt¢d lo a similwclwity. aiwiatsd in th¢ ¢onstiOn. STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The charity is controll¢d by its gov¢rning documcnL a derd of tru and ¢Onsti¢Ut an uninwryKnted charity. Charity eon8tltuilon The Charity is a Scottish Charitabl¢ In¢(KwJrat¢d OrganisatiOD (a SCIO). It was wsttTed in tts Current legal forni on 27 January 2012 and is registered with the Office of the Scottish Charity Register (OSCR). Recruitmellt and apwiDtmen¢ of mew trwte¢8 The Charitys tsustees meet approximately 4 timcs each ycar. TDJstees are elected at the 8Meral meetin& There must be a minimum of tbree and a m8ximurn of nine Trustees. One Trustee can be nominated by the UnivcJ5ity of St Andrew4 that TNstee not having to s¢¢k rleCtIOn at the annual general meeti OryADisatioDal strn¢tur¢ The Fcstival have a&s¢mbled a small, dedIted team made from diverse fJeld5. including the Festival DirtOr. and the Marf(eting and PR Consultant Hannah Inne5. ofex rienced freclanc¢ arts Festival Manager. rofe5sionals Registered Charity lluwber SC042900 Pag¢ 2
St Andrews Volt Year Ended 31 Jan 20 Independemt F.xaminer Orcadia Chartered AccountaDts 1- 3 East Road Kirkwall Orkney KW15 IHZ roved bv order of the Ix)ard of tDJsiees on .. . . and signed on its behalf by..
ORCADIA CNARTERED AccoufiTAPIT3 . Inde endenl Examiner's Re St Andrews Voiees ort lo the Trustees of Independent examiner's pOrt to the trustees of St Andrews Voi¢es I report to the charity trustees on m). examinaiion of the accounts of St Andrews Voices (thc Trust) for the year ended 31 January 2024. Responsibilities and basis of report As the chariry trustees of the Trust you are responsible for the preparation of the accounis in accordance with the reqiiirements of Ihe Charities Acl 2011 ('the Acf). I report in respe¢l of my examination of the Trust's accounts carried oui under Section 14) of the Act and in carry.ing out my examination I have folloived all appIlble Directions givcn by the Charity Commission under Section 145(5Xb) of the Act. Independent eximiner's 5t8temeol I liave completed my examinalion. I confimi that no material matters have come to my attention in connection I1th the examination qivin8 me cause to believe that in atby material respect= accotinting records ivere noi kepi in TEspecl of the Trust as required by Section 130 ofthe Act- or the accounts do not a¢¢ord %% ith those records. or the accounts do not comply i¥iih the applicable requirements concerning thc forni and content of accoLinis set out in Ihe Charities (Accounis and Reports) RegulaLioiis 2008 oiher than any requirem¢nl Ihai rhe accounts ¥ive a irue and fair vieii. Ivhtch 15 tK>t a matter considered as part of an independenl examination. -1 have no concems and liave come across no other matters in connection ivith the examination to which attention sholild k draivn in this report in order to enable a proper understanding of the accoLints to be reaclied Date:. Page 4 CA Aegistwed Scotland rvJmb¥ SQ272848 Rwwed off 1.3 E&51 Roa(l. Kitwall, Orthey. KW15 1HZ Td.. 01872804 Ewi olts&0rCadlaXa.¢o.uk $r1e". www.ortadia-ca.co.uk Re•stedI0 cry w¢xk in the UKty The Insiiiu¢8 OIChèrtBdknoufinIs ofScotlanLI
St Andrew5 Voices Statement of Financial Activities for the Year Ended 31 Janua 2024 2024 Totgl funds 2023 Total fiinds Unrestricied Restricted fund5 funds Notes INCOME AND ENDOWMENTS FROM Donations and le8aci¢s 9,760 13,760 47,596 Charitable actiTrities Chaiilable Activities 2,837 Invesimeni income Totll 9,762 13,762 iO,436 EXPENDITURE ON Charitable activitie5 Charitable Acii¥ities 16266 1213 19,479 47.714 NET INCOMEI(EXPENDITURE) (6504) 787 (5,717> 2.72? RECONCILIATION OF FUNDS Total fiiiids bruughi furivard JJ29 4,IXIO 7J29 4.607 TOTAL FUNDS CARRIED FORWARD 3,175) 4,787 1,612 7.329 The notes t.omi part of these linancial statemenis
St Andrews Voices Balance Sheet 31 JaDU 2024 2024 2023 Note5 CURRENT ASSETS Cash at bank 1.612 7.329 NET CURRENT ASSETS 1.612 TOTAL ASSETS LESS CURREKr LIABILITIES 1.612 7,329 NET ASSITS 1.612 7.329 FUNDS Uiireslricled funds Res(ricied fLinds (3,175) 4,787 3,329 4,000 TOTAL FUNDS 1,612 7.329 Tlie Inancial st tanents ikere approved by the Board of Trustee5 and auihorised for issue on and i%"ere signed on its behalf by.. The notrs form part of thesc financial statements Page 6
St Allrls Voices Iyotes to the Financial Statements ror the Year Ended 31 Janua 2024 ACCOUlYtING POLlCtES Basis of preparing tbe finaneial statements The financial statements of the charity. Ivhich 15 a public nefIt entity under FRS 102. have been prepar¢d in accordance Ivith the Charilies SORP (FRS 102) 'A¢¢ounling and Reporting by Charities.. Statement of Recommended Practice applicable 10 charities preparin8 their accounts in accordan¢e iyith th¢ Financial Reporting Srandard applicable in the UK and R¢publi¢ of Ireland {FRS 102) (efyective l Janiiary 2019),. Financial Reporting 5tsndard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland. and ihe Charities Aci 2011. The financial ststefflents have bee]i prepared under ihe historical cosi conveniion. Ineome All income is recognised in th¢ Statement of Financial A¢t11t1eS on a cash basis. Expenditure Expenditur¢ is accounted for on a ¢ash basis and has been classified under headings that &g£gate all Cost relal¢d to ihe ¢alegory". Where costs cannot be dite¢tly attribured to particular hcading5 th¢y" hayc beeii allocated to activities on a b&5is consistent with the use of resources. TaxAtion The ¢hArily 15 exempt from lax on ils charitable activities. Fund #ccounling Unresiricied fiinds ¢aii be used in accordance %*iih t1 charitable objectives at the discretion of the Irusiees. Restricted funds can only be used for particular resiricied purp)ses iviihiii the objects of the cliarif). Restricti$ ari5¢ ivhen 5Frtifi¢d bi the donor or ihen funds are raised for panicular restricted purposes. Further explanation of ihe natu and purEw of each fund is included in the Mtes io the financial siaiemenrs. INVESTMENT INCOME 2024 Bank. ¢ashbacklcompensarion Page 7
St Andrew5 Voices Note5 to the Financial Siatements - continued for the Year Ended JI 2024 TRUSTEES. REMUNERATION AND BENEFITS There iYer¢ no trustees. remun¢ralion other benefits for thc )"'car cnded i l January 2024 nor for the year ended 31 Januan, 2023. Trustees, expenses There were no rruslees. e.xpenses paid for ihe year ended 31 January 2024 nor for the year ended ) l January 2023. COMPARATIVES FOR THE STATEMEiYf OF FINANCIAL ACTIVITIES Uvreslricted Restricted funds runds Tothl funds INCOME AND ENDOWfvIENTS FROM Donalions and legacie5 23.596 24,000 47,596 Charitable activities Charilable Aclivilies 2,837 Investment income Totil 24.000 50,436 EXPENDITURE ON Charitable a¢tivities Charitabl¢ Activilics 40.995 6.719 NET INCOMEI{EXPENDITURE) Trnnsfers between funds (14,i59) 17,281 155 2.722 Net movememt in funds (14,714) 17.436 2.722 RECONCILIATION OF FUNDS ToEal funds broughr foniard 18.043 (li.436) 4.607 TOTAL FUNDS CARRIED FORWARD 4.000 7,3?9
St Andrew3 VoÈces Notes lo the Finarlcial Statements- contillued for the Year Ended 31 Januarn. 2024 MOVEMENT IN FUNDS Net movement in fund5 Ai 31.1.24 At 1.2.23 Unrejtricttd funds Gcneral fuiid 3J29 (6.504) (3,175) Restricted funds Tl)e Robertson Trust - Demenlia Event Scotland - Triall Project {8051 787 (18) 4,805 787 4,787 TOTAL FUNDS 7J29 5.717) 1.612 Page 9
St Andrews Voices Notes to the Finaneial StatemeDts- continued for the Year Ended 31 Janua 2024 MOVEINIENT IN FUNDS- continued Nei movement in funds, Included in the above are follows: Incoming resources Resources expended Movement in funds Unreslricied funds Gener81 fund 9.762 {16,266) (6,504) Restricted fun(b The Robenson Trust - Dementia (3.213) 787 TOTAL FUNDS 13.762 19,479) 5.71n Comparatives for movemeut in funds Net movement in funds Transfers beiiveen funds At Ai 1.2.22 Unrestricted fund5 Geiieral fund National Lottery & Creative Scotland - COVID (9.667) (29,1 Oi} 42,101 3.3?9 77,710 14.546 (42.256) 18.043 (14,559) (155) 3,329 Restricted funds The Robertson Trust - D¢meniia Eveni Scorland- Triall Project Enterprise Music S¢orland {? 8?0) {10,616) 2.oli 15.421 lii) {80)) 4,80) 15) (l i.4i6) 17.?81 155 4,000 TOTAL FL'L%DS 4.607 Pa¥¢ 10
St Andrews Voice5 Notes to the Financial Statements- Continued for the Year Ended 31 Janu* 2024 MOVEMENT IN FUNDS - conlinued Comparatiie net movement in fund5, included in the ave a as follo%vs.' Incoming resources Resources expended Movement in funds Unrestricted funds General fund Naiional Louery & Creative Scoiland - COVID 1.890 (40.995) (29,105) 14.546 14,546 26.436 (40.995) {14,559) Restricted funds The Robertson Trust - Dementia Event Scotland- Triall Project Ei)terpri%e Music S¢otlaiid 4,000 17.000 3.000 (1,985) {l.i79) 3.155) 2,015 24,000 (6.719) 17.281 TOTAL FUNDS 50.436 (47,714) 2.722 A ciirreiit i.eai l ? months and prior vear 12 monihs combined posiiioll is as folloitrs= Nel movemenr in funds Transfers beti¥'een fuiid5 At At 1.2.2? Unrestricted funds General fuiid National LotteTr & Creaiive Scotland - COVID (9.6671 (35.609) (3.17)) 27.710 14,)46 (4? ?561 1ry1.063) Ilii) (3.17)) Restricted funds The Robcrt50n Trust- Demeiilia Ev¢i)t Scotlaiid - Triall Projcct Enterprise MI1¢ S¢oiland (? 8701 (10.616) (18) 4.80) li.421 (1551 155 (1).436 18.068 li) 4.787 TOTAL FUNDS 4,607 (?.99il 1.61? Page 11
St Andreiv5 Voices Notes to the Financial StAtemeDts - conlioued for the Year Ended 31 Janua 2024 MOVEMEiYf IN FUNDS - continued A current year 12 month5 and prior vear 12 months combined net movem¢nt in funds. included in the above are as follows.. Incoming resources Resource5 cxpeiided Movement in funds Uareslricte(I funds General fvnd National Lottery & Creaiive Scotland- 21.652 (57.261) (35,609) COVID 14.546 14.546 36.198 (57,261) 121.0631 Restricted funds ie Robenson Trusi - Dementia Eveni Scoiland - Triall Projecr Enlerprise Music Scotland 8,000 17,000 3,0(K) (5,198) 11,579) 13.1551 2,802 28,000 18,068 TOTAL FUNDS 64.198 67.193) 12.995) RELATED PARTY DISCLOSURES There were no rclaicd part). transactions for the )'ear endd 31 Januarv 2024. FUNDS The Robertsoll Trust These funds are restricted in use for interdctive Dementia perforniances. Event S¢otland These funds are restricted in use for the Triall Piojeci. Page 12