REGISTERED f.IIARITY NDMBER: SC044584 rtofth dtd Jolh thts f•¥ the Vei￿.￿￿￿201S. Farri¢5 KiTk & Mcvean Dumfries EDierpi5c Pork H&iihhllll Dutnfries DUMfrRif.SSliIRE 13sJ lutt CIA55iC5 SCIO ontent ofth FiN#fv r kDdtd Oth Mxrth 2025 P*gt R*port of the Trnsttes INd¢ptAdtnt Ex¥Thiutr'¥ Rtport StAteJnent of Fin•nti*l A¢tivitit5 Balance Shttt Notu l• the Flninelil S¢•It￿ettts 6 to 9 D¢¢ill*d Ststtment of Trits*•ti#l Artlvi¢l¢s 10 Ab501uie Cla 10 f the Tius¢¢ts for tht Ended 30th March 2025 The Iru5tee$ PTesetti their re[￿)rt with thr fitLartcial s￿leMents of thc charity for thc ycar ¢nded 3Qth March 2025. The trustees have opted the proiisions of AccoutttinB and R¢FK)rring by charii1És.' S¢aierrwii of Rec4)mtnend¢d Praciice applicable 10 charilics prewing Ihcir acwunts in accordance wilh ihe Finan¢ial Reporting Sthndard applicable in th¢ LK and Republic of Ireland IFRS 1021 leffe¢¢iv¢ l January 2019). OBJFcfivbs AND ACTIVITIF.S 11)L orBanisaiJon L5 C51abli&h¢d for charitable purpos¢s only. atld in particular, the objects aT¢= 'lThc or8onisaton'% purposes arc th¢ promotiott. maintenaD¢¢. trllprovemenL and advancement of educaiiDn PTin¢ipally by the encouragcm¢nL appreciation and enjoym•)i ofela%sÈcdJ mu5ir and other types of Jnysic" thtse purwb5cs in¢lude thc art5 of dram dance. liierature, 51oWtllin& son& Ihe 5pok¢n word and visual 8rlS including filrTL phowgwhy, digital deeoraiive Jrts. and crafts and uny ¢ombIn￿10n ofihe5c art fonn& principally bui Jjoi ¢xcltssively by holding P￿0M￿l¢¢4 workshops atsd cvcnL* In the area dcfintd in this pay88raph. 'th¢ area within which the organiwion sha]1 operate lin this constiiuiion thc'Am of knefit'l shall ￿ Dumfri¢s & calloway Sur￿￿1)d¢ll8 areas extending throug￿Ul SCotl￿d Ind on ocwion elscwhcr¢ &% dctmcd ￿ProprIat¢ by the Chjriiy Tru8tees. - Th¢ orwisation shall pronw* Ibul not promotc u(1￿$1*¢]Y) its activilic5 delivery opcralion$ ￿ people within the'Ar¢a or nencfit'.'Ihc5e p¢ople will b¢ the or8anisalion'$ ￿n¢fiCiar1eS. In (Sei￿1n1ng Ihes¢ obj¢¢iives and aaiviiic5 the Trus*¢s have paid due r¢wd io ihc Ch￿lY Commi55ion guidanc¢ on publiL bcn¢f)l. ACIIIEVEMI.YI'S AND PTr.Kfr'OILMANCE During th¢ finanriAI period. the organisauon d¢li¥¢ffd world clas5 ¢I&$si¢￿ music conccrts an FAuc&tion and Outreach programme for youn8 wpl¢ arross DumfricB and Gdlloway. Ab501ulc cl￿51(5 pr¢s¢nied a summer fe51ival of¢1483i¢al music concert& showcasing the brilli&ni talenl of inicrndlionally renown¢d cI#sSlLdl musiciuns whil¢ Alw providing acccssibl¢ and olTordable opwnunili¢5 for familics and friends 10 IoBeiheT and 5har¢ Ih¢sc phenomLndl cxptr>cr5¢¢s. Our nN)nihly conceff ￿rI¢S took ihese ex￿rienC¢S inio local commurtiiies tAeh rnonih bdween S¢pi¢mb¢r 2024 and March 2025, with 3 d8y tours of local ￿nU¢S ￿r￿$S th¢ region. Our ￿uL￿(lon4] work ￿niInued 10 d¢v¢lop •1¢8acy of Icarning local music 5tud¢#ts dcspitr coniinued ¢hailcn8¢s around fundin¥. Thc 5upcrb Dabiot) House in Thornhill champion¢d OUT firsi ev¢ryoun8 musicians rcr11￿ in May 2024, wh¢r¢ we Sup￿rt¥d em¢r8ing musicions from ihc ￿810n 10 prepare foi arbd puforni A professionally paid ¢oneert. Wc Worked tloscly with the IMCJ Council'$ Youih Music Iniiiativc lo brirt8 mwic educators of the highest standard ￿ th¢ delivcr a variety of cngaging and cially kn¢firio1 music makin8 aciivilies. All of OUT work is only wssible by our patsOn& S￿n￿lS and fund¢ry ￿ whom we arc ¢speciaJly 8ratcful for their support 'INAN(.'IAI. R Tr:VIF.W VinAnciil p051tion ThL charity Keneraicd unrcstrir¢d and restricted incoming ￿SOurc¢S lo¢Alling £236.870. Rcsourrcs ¢xpendcd toullcd £159.569. The results for the ycar and the chaTily'$ financial w5ilion al ihe ¢nd of the >car arc shown in ihe #itschcd fjnanrial siai¢menls. Reservu policy 'lknc"I'ru5tees have examined the charitys wuirenwjts for rc5crv¢5 in ligh¢ of thc main ri5k5 ¢0 th¢ orRanisaiion. The I'rusiees havc cslabli5hcd & r¢s¢rves FK)licy which defines lh¢ Fxit¢thtage of iurnovcr nc¢dwJ 4 I¢Y/o to meffl Ih¢ workin8 tapital rcquirctncnts of Ihe chariiy and L￿ntInUe Ik curr¢ni a¢tiviiies ofthe charily in the evertt ofun¢xpcrtuJ inrr¢&ws in budgded ¢xpenscs and l or ailverse ¢irrtsmsian¢e5 requiring additional spcfLd fmm thc cximing budget As funding is secur¢d foT the full yeAr in advanc¢. futur¢ annual PTO8Tamme budgets will inCOTWkT￿ the re5erve5 policy, 10 b¢ ssign¢d from unrestrictcd fundin& and / or Vdrned inwme. In the shon *rni th¢ Trusiees erLSUTe thai rontitt8cncy continvcs io bc 5uifiri¢nily budgeted for. reviews cxp¢nditurt re8ularly and ha5 tonsidcted the exicnt to wthich cxisting attivilics e¥pei)diiure could b¢ ￿$t￿med. sknuld su¢h CiTcum5¢antt$ Irise. At the year end. the Charity hod General Rcscrvesof £169,083. This'is con5idcr¥J to be an appTOPTi*e level of reserves. FUTURL PLANS The charity plans io continue the auivittes ou(lined atove irt the forthcoming years 5ubje¢i 10 5atisfartory funding arrnngement5. Plans are a150 bcing d￿tIo[￿d to attrall wider audienecs particularly Ihos¢ ofyounger age gTOUP% and provide high quallty cla55L¢al music, Cul¢Ur￿ aRd higaer educational opportunities for t￿re ofthe Dumfri¢s & Galloway popul*ion. Pag¢ I Absolut scio orto(IheT r tbe Tr'tlr End Oth M*r¢h 2 STRucfuRE, GOVERNAPICE ATriD MANAGEMEPIT GovtrrtinE document 'IMe thayity is wnlrolled b> Jts 8overning dOCu￿l a r4¢ hxly. Ihal application musi k Sig[￿ b). an apprvpri4iely auihori5ed o￿l¢¢r of Ihal bL)dy who will rcrtlain as Ihe rept¢￿nIatiVc of1h￿ curyK)ra* tK)dy uniil such ume ￿ the corp)rn* inform5 the Bowd oiherwisc, The applicaiiort iwill then be considercd by Lht ai its next Boatd me￿1$￿&. The maximum number of Charity Trusttts 15 t¢ft. Ai each ACIM. all ofihe charity Iru.siees reiire from offi¢¢- may then b¢ rtr¢lecicd undcr ¢lwJse 27 of th¢ CoD$titution. A harit) InL%iee r¢iiTLng ai an AGM will be deeme4J M) have te-eltacd ¢xccpt for the subrflau$¢s 27.1, 27.2 OT 27.3 of the Constitution. Rlsk mADJiemen¢ Th¢ Tru51ccs huvc cxamined th¢ nwr slraicgic 0￿￿￿)nal risks which th¢ ¢h&riiy fatt5 4Dd ¢onfLrnI th&¢ sysiems have been establi$h¢d 10 enablc rc8ulfyr r¢ports to b¢ prnduced 50 thai th¢ ¢art b¢ taken to le5sett th¢K rid(s. PrirnJry Tiskq are in r¢srrtci of *curJrt8 gr￿1 fundin& and thc ongoit)8 f￿anCial suxoitobilit). of th¢ thwity. Mitigating #¢tiot)s pui In place in¢lud¢.' rryruiirncni ora de￿1￿￿¢￿ ¥rdni rtrotdinator. d¢￿lOpMent of a PaiTons' pro8ramrn¢ w ¢nsure gr¢ateT and coniinuou5 iDdividu#l Bi¥inE. and building T¢serves from unr¢strIct￿ fuThds in¢0 fyture bvdgefS. Ih¢s¢ 8pp￿a¢h¢S are [￿riOdiLalIY reviwd ￿ ¢n¥urc thatthey ￿ntInue to ihe needs ofihe ch*ity. RTr,FEREYCkAND AD.MINISTKATIVE DETAILS Re%lstered Chlrliy numbey SL044584 Principil addre$$ Bridic Ilous¢ Annan D(5126A arrie% kirk & KlIVe'.In Duml'riL's l-:Th1cr￿I￿¢ l'ark I1￿1hhaII Dumfries DUMFRIESSHIRE Ijcil JSJ riil'¥J bv ibrdcr ot ihL b(Idid ol"trbstiiS on.6tb..4ugust 2025 and Si8Ded on its by.. Ldtnt Examlner's Re Drt t thr Tru5 Absol¥le Classics SCIO I rerNJrt on the accoiints for th¢ ve2rended 30th March 2025 sei out on pages fourto nine_ Rtspective r¢sponsibilities oftrusttts and ex*mlfter rhe chariils iru51ees are Tt5wnsible for lh¢ preparation orth¢ ac£ordaThc¢ with the of the Chariiies and Trusiee Invesimeni lsroilartd) Aci 2￿)3 and the Chariiies Accounts Iscotlandl Ke8ulatiOn5 2006 (as am¢ndedl. Thc charity's tntstCC5 con57der ihai Ihe audit Tequircment of Ke2uJation 101 Ima) w Icl ofthe ACCowi￿ Regulaiion5 does not apply. li is my responsibility 10 cxdminc the wjunts H5 r4uired und¢r SetTiOt1 44{IXrl of th¢ Ac¢ tnd 10 statr whether pwticular rnthrters have come to my attention. Bisl$ of the indeptndent e¥*mintr's report My ¢x&min&ion was carried out in accordw¢¢ wilh R¢guLaiion I l of th¢ Charilir5 Accounts 19crfl￿Jl Regulations 20(16 An ¢x8rnintsiion in¢lude5 o rewitw of th¢ a¢¢oun¢iThg rtcords k¢pt by the charity and a comparison of the aCC￿l￿1$ Presenivd wilh (h05¢ r¢cord¢ It dlyj includes LY)nsLderslion of any IterLs or di%losures iÈ the ￿rOUnts. and i¢&i118 explanaiions from you as Iru4iee% conc¢ming any such maucr5. The proc¢duTC5 uDdL*tskeD do noi providr all th tvideo¢e th￿ would ￿ rcquired in an I￿111. and consequcTLII)' I do noi exp￿￿$ audit opitLiOn on the viov 8i¥en by the ac¢oun¢s. IKdep¢Thdent ex*miBtr's st*t*ment In conneciifin wilh my ¢xhrnlnaii(￿. no mjllcr has coff¢ ￿ my aii¢niion '. 11) %vhLLh gi¥¢5 ￿ r¢&qonablc cous¢ tc* believ¢ thJL In anv m*1¢r1￿ rtsyerL th¢ requirtmcnis io keep accounlirtg record5 In o¢cordwKY with S¢¢iion 441 Ixal of lh¢ 21Y)5 A¢1 8n(l RcRul&tion 4 of the 2(KJ6 A¢¢ounts RLyulthions. &rxl Iv preparc ￿(ounts which •￿rd with the d¢¢oyoiin8 r¢wrd8 and lo 4x)mply wilh R¢gulation 8 of Ibe 2006 A￿}UnIS Regul81ionJ h8Ye nol been mrf.. or Iy ii.Fjch mi. orinit)fj ¢hhiild Inim￿ in f•rthT ￿ eth8ble a prppcr under)ianding of ¢he llccounts ￿l¢hed. Ti¢4 Kirk & M¢Vean Diimlrie% r.nlcqyri5L' Park L)utn(rics DIIMFEiIESSHIRE nerl i%J 26t]i A￿U51 21125 Pagc 3 Ab Ilssits SC Statement ol FIttJDrial Artiviti or the Ye cd 30th Mir h202 2023 Totsi funds 2024 Totsl funds Untellricled fU￿d Resrricwl rwjds NoiL INCOME AND ENDOWMENTS FRO. tlonaliong and Itgacies 142.640 193.631 72,196 Cb8rltsble ittivities Cl#>%1￿[ Music Promotion 1.240 36.199 37.439 3 1.264 Other tr￿J)ng 8¢tsviii¢s 5.800 J.800 3.500 Tot#1 52.2Jl 184.639 236.870 106.960 EXPFNDITURE ON Ch*rltabl¢ JLttivitl*s Classical Musir PromDiion 69.862 89.707 159.569 127.783 NLT INCOMTrjIEXPL￿D1TURE} Tr*nif¢rs b¢twttn fund$ 117.631) 100.o(x) 94.932 I100,(K￿) 77,301 {20.821) Net movemtDt in funds 82,369 (5.0681 77.301 {20.8231 KF.C'll%I Cll,IA'finN OTr- FUNDS 'lo¢al lunds bwughi lontyard 55.2LKI 36.582 91.782 112.605 TO'fAL FUNDS CARRILD FORWARD 131.569 31,514 169.083 91.782 The noie5 forni part ofihese fJnaNriaJ sthtements Pag¢ 4 I te CI*ssic5 tb Mar h202 2025 Ti)(al futtds 2024 Unre￿[l¢le￿ futml R¢strirtsng by Chariiies.. StaktrLtni ofRecotnmendcd Pradiec applirable to charitles prwaring iheir ar￿Urtts in accord3nre with th¢ FinanciJ ￿t￿nIng Standard applicable in the UK and Republi of Ifeland IFRS 1021 le(feciiwc I january 20191,. Financial R¢w>rtinB Stsndard 102 The fiThgn¢i￿ Reporting Standard applicablc in th¢ UK and R¢public of I￿laDd, 4uJd the Chariiie5 wld TnLsiee Invcsltn¢ni (s￿11a￿al Act 2005. The financial sthiem¢nl&' have bttn prepard under the hisloric31 ¢0# convention. All incorne is recognise41 in the Sisiemei4t of Financid A￿1VitieS once the ch*iiy h&$ cntiilemeni to the funds. it Is probablc that the in¢ome will bc re¢¢ived 8nd the artwuni ¢an be ￿K#￿T¢d reliably. Expenditure l.i#bilitits are reco8nis¢d as ex￿ndItuTe as there is i le8ai or cons¢ru¢iLve obligoiion commit¢iD8 the charity ￿ Ihat expendilurc. il 1$ probable that a transfer ofeconomi¢ beT￿rItS will be r¢quiTcd in *¢lll¢meni and ihe amount of ihe obligalion ¢an be measured reli4bly. ExpendiDJrc is a¢¢ounied foT QD an ac£ruaJ5 basis and has b¢tn c]￿lfied Ut￿er tLcadin85 that ag8TcKait all cost rLlai¢d to ihc caicgory. Where CO$￿ ¢artnoi be dir¢¢ily ￿tribUted ￿ pankculaT h¢Adin85 Ihty have been alli)Llltcd to aciiviiies on a b&%is Lonsisient with th¢ use of resourtts. Tan2iblt fixed a5J¢ts l)cprciiation is provided ai the followin8 arbnuaj TAkS in order OtTeach a$5¢t over ils ¢siimat¢d useful lif¢. Plant and m*hinery 15% on reducing bajknte Taxation Lhiirily is ¢xempt from tax 00 its chtirithbl¢ athivqiu. Fund •¢tountlng Unr¢>iriiicd fund5 can b¢ ¥s¢d in accoTth¢e with the charithble objffji￿ ht the di%rrlion of the trusices. Rcsir>ci¢d funds C4hn only b¢ us¢d fur parti¢ulaT r¢stri¢ied PUTfx1S￿ WLthin ihe Obj￿($ of tsle charity. Restriaion¥ arlse whcii 5p¢cif)¢d1sy Ihc donor OT whcn funds are raiscd for wicular rcstri¢¢¢d purposes. Futth¢r explanalion ofihe nature and purpoy¢ of¢ach fithd is includryl in the noies ￿ ihe fitL&ncial 5t8tcinettts. DONA TIONS AND LEGACILS 2025 2024 Donaiion Gift aid tiranis 25,435 2.176 166.020 26,426 3.145 42.625 193.631 72.196 Grants rcceivwl. included in the th>v< ar¢ as follows.. 2025 2024 Ilolyw(XFd Tntst D & G Council FIugh Fra5¢r Foundation D & Ci Ans Fcstival TFi¢ Hope Scoll TTUS1 Mrs A M Spur8in Charitable Tn]st St JatnLmju¢¢ Cspiral Purch&8c 17.370 9.616 9.481 17,370 19,616} 4,663 I￿.(1)0 14,144 (ILMb.(X)O) 36.582 94.932 (100.0001 31,514 T()TAL FUNDS 91.782 77,301 169.083. Nei Tnovement in fund% Includ￿ ir. the 4bo¥¢ are as follows.. Intt)minB ttsourccs Rc50ur¢es ¢xpendcd Mov¢ML￿1 in fund& Uarestrlc¢ed funds Cjcneral Fu>)d 52.231 169,8621 117,631) Restriettd funds Ilolywoud Tru￿ FuDd Annual CoDi¢n l.und Cducoiion Proju¢¢i$ YMI Initiaiivc Capithl Pur¢haqe 8,920 57.329 19,035 166.945) 16.727 (7.000) 19.616) 4,663 7,000 184.639 189,7071 94.932 I'OTAI, FtiYDS 236.870 1159,5691 Tl,301 PJg¢ b￿l￿tr Classi to the Fi for the Yt taterntrtts- th Mir ontin r Endtd MOVEMEYT IN FLtNDS- ¢ontlhucd CompArativu for mo¥tmtnt in funds Ai 31.3.23 ￿￿veJnenl i# futtds Ai 30.3.24 Uir¢*tricted funds GenEr￿ Fund 48.182 7.018 55.2110 liestritltd fundj Holym'ood Trusi Fund D & G R¢gional Proi¢¢t Fund Annual Conccrt Fund Education Projuects 6.510 17.370 40.543 16.3951 17,370 Y.616 9.481 130,9271 9,481 64.423 127,841} 36,582 TOTAI, FUNDS 12.605 120.8231 91,782 C¢Jinparaiive nel movcm¢ni in furtd& included in the llbo￿ ar¢ As follow3.' ItKomin8 reg)urces R¢sour¢es expcnded Mov¢ment in fund% Vnrtstritted fyndi Gen¢rul Fund 46.884 {39.8661 7,018 RestTirl¢d Ilolyvdood'fru51 Fund Annual Conccrt l.und Lducaiion Projuc¢ts 8.920 40.251 10.905 115,3131 (71,1781 16,3951 {30,9271 9,481 60.076 187.9171 127.8411 TOTAL FLNDS 106.960 1127.783 120,8231 Cipit*l Purehlie Fund - as thE wiiil purchfys¢ fund was fully speni on reslTiokd p￿ry￿Se5 in the year, th¢ fund was Iransleyred lo thc gcn¢rBI fvnd. lI￿ly￿0¥d TruJt- Ihi5 Trstrick￿ grant fuods a key Yole in thc orgaDiwion.' EdiACal￿)ll coordina￿r. helping iowarits y()uth D&G Coun¢ll Reglon•l Projtrts- Ihis resvicied grani funds OwedU￿J0n work. Contert Fllnd- funding rccciv¢d for th¢ prnvision of our annual fc5tival and the seri￿ ofmonthly ¢on¢¢rns. RELATED PARTY DISCLOSURES There were no Tclaicd party trar￿￿tI$ forthe year eth 30ih M￿h 2025. Page 9 Absolute Cl*ssi¢s SCIO St*itme i*1 Aetivitst5 for tht Y ar Endcd JOtlI M b 2025 Dxn 2023 2024 INCOME AND EliDOWMEYTS Don•tiolls *#d le%*ties l)onalions Gift aid Gran 25.435 2.176 166.020 26.426 3.145 42.625 193.ti31 72,196 Otbtr tr#dine itlivities Spinsor%hip5 5,8(X 3,500 Chiril*blt M¢¢ivi¢i '.%eni Tickct sales Advertisin8 5.760 24.754 750 36.389 1.030 37.439 31,264 Tolil incoming resourt 236,870 106,960 EXPLNDITURE Chirltiblt •rilvld Artiy* f¢L'S Artist occommodaiion Inmrumeni & music hire Vcnuc cos¢$ Lonccrt dclivery and programme Costs Plonl and machincry 57.212 2.830 1,899 11.096 7,495 2.875 2,540 1,304 9,593 3.385 83.407 55.037 .Suppori Ixnggemtit l>rvfc55ional fe JnsuranL¢ Advcrtising & stalio Bonk charg¢5 68.405 587 5,049 65.414 291 5,13Y 202 74.362 71.066 Gowtrn*nce toits Accounlaiicy Ind¢pcnd¢nl ¢x4minerf$ fee 960 840 90 780 1.8 1,680 Tothl r¢sDufc¢5 ¢xpended 159.569 127,783 N¢t l*comtllexpendit¥rel 77.301 {20,8231 This py does forn partof t￿ $tarn￿ry financi￿ yxtemeDts P4¢ 10