2023-12-31-accounts

Blackadders Optimistic Sound: Michael Marra Musical Trust for the young people of Dundee Trustees report and final account for the perlod l November 2021 to 30 April 2023. Scottish Charity No. SC044863 30 & 34 Reform Street Dundee DDI IRJ Tel- 01382 229222 07D678-0001

O tlrnlstlc Sound T￿￿t0¢S report and linal account forth¥ porlod l ND¥ombir 2021 to 30 Apyll 202J. CuTrent Tfu5tees', Agents #nd Contact adrfrn55: clo Black3dders LLP, 30134 Reform Street, DJndee, DDI IRJ. Governing D0￿Ment and Appolntment of Tntste4s The Tru.stee5 were appolnted under the Deod ol Trust executed by dated 5 May 2014 and reglstered in the 8ooks of Council Jnd Ses5iQTr on 28 July 2014. Charllable Purpos• Thp charitable purpos￿ of the Trust are.. lonel to finance or In ajw way a551St Si5tema Scotland IRegi5tefed Cb8rlty No SC0391191 Ihencelorth "Slstemè'l in the creatlon of a 'Blg No15e" orthestra in Dundee, this belng d comrnunlty-based oichestra prtrgramme aimed at usinK rnusic- Making to f05l¢r ¢onflden£È. tedmwork. pride and a5plr8t1on in the ¢hSldrÈn youii8 p¥fjple taking p&rt,' Itwol to fund-raise, cdrnpalEn and ralse awarenE5s in connectlon with purpose (Dnel,. and Ithrepl Ehe event thar It is not possible for Sistema to establish a 'Dig Noise" orchestra in Dunde, to d15ttlbute any funds held by the 7rLJSt to iny ReKlstered Charity or Charitie5 which have 5ubstanEially slmllar altn5 to Slsterna's 'B Noise" programme on tlie condiliDll that Ih05e funds wlll be used tts provide bpnellt to chlldren and young people in the Dundee area. and in all such dedslons the Trustees shall have absglute discretlon. A¢tlviti45 and Achlevom2nt5 A fivc year partnership agreernent was si8Thed belween Optimistlc sound, Dulldee Clty Councll and S15tema Scotland to deliver a Big N0i5e project In Dundee In the tommunlty of Doutyas. A final payment of E80,000 wa5 due to S15tema Scotland al the ll0.se of the last account. Slsiema revlsed thLg atnDLtnt to £77,OOD and tlils wa5 pald In May 2022. Followln8 rsreful tQn5ideratlon the Trustees resolv￿ to wlnd up the charity ihey had met theor flve year commltment TYuitEes wmuneratlon ani4 e¥pen$*s The TTU5tee5 dld not retelve any remunerauon orexpeJ5e% durlng the ye.ar and thprp are no pald employees. fle$9N45 The results are shown in the atlached Re￿fjpts and Payments Il¢COUnt for ttie period vf thi5 aCWUnt. The tDtal fund5 Hre held 85 unfestrtcted as #t 30 April 20￿. roved b, the Trustecs ehalf: Trustee Date.. lili Page 2

OPTIMISTIC SOUND Re¢eipts and Payments Account for the perlod l November 2021 to 30 Aprll 2023. 2023 RECEIPT5 Income received for the Schedule I thls account. £ 56,680.00 £ 105,40S.66 IncDme from fundraisin Schedule 2 610.90 £ 7,110.00 Gift Aid Schedule 3 227.50 Bank Interest Schedule 4 33.06 £ 57,323.96 £ 112,746.16 PAYMENTS haritable Pa Schedule 5 mènts £ 77.000.00 £ 129,268.66 Fundralsin Schedule 6 Ex enses Gov rnance Costs Schedule 7 1,629.60 £ 1,020.00 78,629.60 £ 130,288.66 IDeficitllSurplus for the period 1£ 21.305.64 1£ 17,542.501 Page 3

OPTIMISTIC SOUND Statement of 8alances as at 30 April 2023 2023 ted 2021 Unrestricted fund Unrest Bank and Cash In hand Opening Balances ank Df Scatland- Bosllnk alc Cash Balance £ 21.597.50 £ X9,140.00 £ 21,597.50 £ 39,140.00 Surplu51lDeficltl for the yeor 1£ 21,305.641 IE 17,542.501 291.86 £ 21,597.50 Represented by., Bank of Scotla lid - 10104661 Cash Balance (held by agents) 191.86 £ 1fj,597.50 s,0￿.00 Reserves- General Unrestricted funds 291..86 £ 21,597.50 Approved by the Trustee5 and slgned on thelr behatf by Date Page 4

OPTIMISTIC SOUND Notes to the At¢ount5 Accounting Pollcles. The Accounts are prepared under the Historical Cost Conventlon. All incorne and expenditure is recorded on a receipts basis. The charily made donations as shown in Schedule 5. No remuneratlon is paid to the Trustees12021- nlll. The Trust has no employees12021- none). Having achleved their flve year commitment to raise funds for BIE Nolse Douglas, the Trustees declded to wind up the charity. Page 5

opriMISTIC SOUND IndapendBnt Examlnevs Report to tho Truste¢5 I report on the 8cwunts gf the charltyforthe pertod from l Novetnber 2021 to 30April 2023. RespÈctlye re5ponslbllltleg01 the tILlStees uryd Examiner The ChaFItWs Trustees are responslble for the preparation of the accounts in accordance with the term5 of the Charllle5 and Trusteg Investrnent IScDtlandl Act 2005 and the Chai5tles Accounts Iscotlandl ReguldtlDn5 2006',as amendedl. The Charlty Trustees coTh4lder that the audit reouirement of Regulation 10111 lal to Icl of thÈ AccouTrt5 Regulatk)ns doos not apply. It Is My respon51billty to examine the accDunts as requlred und@r section 44llllcl of the Act and to state whether p8ftlciJlar mattEr5 kwve come to my attentlon. This repDrt 15 made to the Trustee5, as a body. In a£cDrdan£e with the terms of my e￿a￿eMent, W WDrk has been undertaken so that I might Stale to the Trustees those matters l required to state Iv them in Independent Ex4mlneP5 report and for o other purpose. Ta the fullest extent pÈrmitted by the low. I do not accept or assumÈ ro5ponsibility to 8nyone other than the Charlty and the Trusteos for my work or forthi5 repDrt. 8451$ 014ndeppndent e)tamlnprfs Statement My examination Is czrrled out In actord3nce wlth Re8ulation 11 ol the Charititt At￿Unts(Scot1￿nd) Re8ulatlons 2￿6. An examinatioTI Includes a rewew of the accDuntinR record5 kept by the chèrity Bnd a CDmparison of the accounts presented with those records. Ir a150 Includès ronslderation of unusual items OF di5closure5 in the actounts. dnd seeks explanations from Ihe trustees concernlng any such matters. The procEdure5 undertaken do tK)t provlde all the evldence that wcvld be required tn an audlt, and consequently I do not expiESS ali audlt oplnlon un the View glven by the accovnts. Independent exarnlnerfs Statemènt In the COUT5e Df my examlnstlon, no matter has come to my attention whlch give5 me re450nable CEuse to bellevp that in any material respect the requlrements.. to keep accountlng reLord5 In accordance wlth Sectlon 441lllèl of the 2005 AEt and ReeulatK>n 4 of the 2rx)6 AccoL￿t$ ReEulatlonJlas arriendedl, and to popare account5 whlch accord wlth the accountln¥ records comply wlth Regulatlcn 9 of the 2006 Accoun1$ RegulatlDn5 havE nDt been met, or to whi¢h. in my opSnion, atteniion $hovld be drawn In order to enable a proper understanding ol the accounts to be rÈ8ched. Oate- l_,fK L)13 8irti SimPS01) & Cv Chartered Accountants 144 Nethergate Dundee DDI 4EB Page 6

OPTIMISTICSOUND Account fof the period l Novemtsei 2021 tts 30 April 2023. 2023 2021 Schedule I Income recelved for the perlod of th15 account. Total of donations re￿Ived during the perlod of thls account lin£ludln8 those donatlons paid dlrectly to Slstema Scotland) Schedule 2 IncomÈ from fundraisln Recelved from variou5 fundraislng events E 56,680.00 £ 105,408.66 610.90 E 7,110.00 Schedule 3 Glft Ald HMRC Gift Aid reclaim 227.50 Schedule 4 Bank Interest Bank of Scotland ro Account 10104661- Intèrest for year to date 33.06 £ Schedule 5 Charliable payments 51stema Scotland- final contrlbutlon towards 8lg Noise Douglas Other- donations paid dlrect to Sistema for 2020121 77.000.00 £ 125,000.cKI £ 4,268.66 77 (X)O.00 É 129,268.66 Schedktle 6 Fundralsing Costs Pald for T4hlits, leaflets and beverages to ralse funds. Schedule 7 Go¥ernancè Costs Bird Simpson & Co, fee for examlnatl¢n of the 2020 account lincludlng vat) 300.00 £ 300.CKI Blackadders LLP thelr fee for work In the trust for the period of last account Ilncludlng vat) 1.329.60 £ 1,629.60 £ 1.O20.00 720.DO Sthedule 8 The Ilabllltles ol the charity as at 30 Aprfl 2023 are as follows.. Bird 51mpson & Co- Fee for examinlng previou5 3ccount-£300 plus vat Bird Simpson & Co- Fee for examining this accounE-£300 plus vat 360.00 360.(M) Page 7