2025-03-31-accounts - The Wallace Collection

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APPENDIX 1 oscr Period start date Month Year Period end date Month YeBr From To 01 2024 31 03 2025 Office of the Scottish Charty Regulator Reference and administration details Charity name Other names charity is known by Registered charity number Charity's principal address The Wallace Collecb'on SC047247 Names of the charity trustees on date of approval of Trustees. Annual Report Name of person lor body) entitled to appoint trustee lif any) Trustee name Office (if any) Dates acted if not for whole year 10 11 12 13 14 15 16 17 18 19 20

APPENDIX 1 Reference and administration details Names of all other charity trustees during the period, if any. (for example, those who resigned parl way through the financial period) Name Dates acted rf not for whole year Structure, governance and management Type of governing document Constitution comprising following sects'ons- GENERAL MEMBERS DECISION-MAKING BY THE MEMBERS BOARD (CHARITY TRUSTEES) DECISION-MAKING BY THE CHARITY TRUSTEES ADMINISTRATION MISCELLANEOUS Trustee recruilment and appointment It is not appropriate for external organisations to appoint The Wallace Collection Trustees. Objectives and activities Charitable purposes The charity's purposes are to create exceptional and extraordinary musical experiences for all through brass music performance. advocacy. education and research. Summary of the main activities in relation to these objects Participation: The St Andrews Music Participation (SIAMP) project continued to be the bedrock of our work in this area, alongside new larger-scale community projects. Historically-informed research-led brass music performance and research: Recordings and performances of significant newly discovered chamber music repertoire for brass quintet and septet. New music: championing new music for brass ensemble.

APPENDIX 1 Achievements and performance Summary of the main achievements Participation and partnership: StAMP of the charity during the financial TWC continued as the delivery partner with the University of St Andrews period for StAMP (St Andrews Music Participation), the major outreach project of the Laidlaw Music Centre. This extensive project encompassed performance programme playing the canonic repertory of brass from the sixteenth century to the present day and a Discovering Brass educational programme involving collaboration with primary schools and community brass bands in Fife. In April we worked with two classes at the Riverside school in Perth on 'The Story of the Salmon,. In October we devised and co4omposed with TomorTOW Cathedral.. towards the light, a St Giles@900 event based on a s ecially commissioned poem by Edinburgh Poet Laureate which we performed in St Giles wth diverse community and children's groups, TWC and the cooperation band, a large-scale bespoke devised work. Historically4nformed performance practice: The Haydn Quartet project. This period saw the further development and disseminats'on of the major TWC project to research, perform and record newly-discovered repertoire for brass quintet. This specialist repertoire continued as Wallace Collects'on concert programming USP. A particular highlight (among other concerts featuring this repertoire al Westboume Music, Waverley Station. St Andrews Laidlaw Centre and third concert in the St Cecilia's Hall Series) was topping the bill at the fourth intemational Historic Brass Society Symposium in New York in three concerts (0 al the Melropolitan Museum of Art) where we shared the extent of our discoveries over the past four years, and had the opportunity, in the keynote speech, to explain our approach to positioning our new repertory. The Historic Brass Society is a highly respected international music organisation concerned with the entire range of earfy brass music from both research and performance perspectives. The symposium programme notes.. "The Wallace Collection brings to lrfe the sound world of 18505 Paris with a program of newly rediscovered brass chamber music written for the emerging chromatic brass instruments of that era. The program also includes a brand new composition b showing off the exceptionally beautifvl sound of the cornophones - a family of instruments created by Marthe Besson in the 1880s. These instruments are from a private collection in the UK, and this is the only full concert performance in the US this year by The Wallace Collection." An unusual concert in June was held onboard HMS Unicom, again featurin riod brass instNments and including a new piece by ritten for TWC to play on the original ship's instruments. New music TWC continued its championing of new music. wth highlights including the release in April of ' To a Walrus The brass music of Andrew Powell and in July we finished recording the fourth movement Dunsire Street Rag of the Wallace Symphony for Brass Band11974-2024) with the cooperation band (no 1 in Scotland). The entire symphony will now be issued in a double album with the Jay Capperauld's As above so below and the oncerto for Brass Quintet and Brass Band. recorded earlier in the year.

Financial review Brief statement of the charity's policy on reserves TWC does not have a policy on reserves but this is being kept under review. Details of any deficit There is a deficit of £11,960 for the reporting period. This was anticipated and partly due to income is often spread over more than one year. Donated facilities and services (if any) None. APPENDIX 1 other optional information Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s) Full name(s) Position (e.g. Chair) Chair Date 261125

Enter SC No. below

APPENDIX 2

Enter charity name below

SC047247

THE WALLACE COLLECTION

		THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION	THE WALLACE COLLECTION							SC047247
					Receipts andpayments accounts
								Period start date							Period end date	Period end date
		For the period from				1 Day		April Month			2024 Year	to	Day 31		Month March					Year 2025
Section A Statement of receipts and payments
		Unrestricted funds				Restricted funds			Expendable endowment funds				Permanent endowment funds				Total funds current period						Total funds last period	Total funds last
		to nearest £				to nearest £			to nearest £				to nearest £				to nearest £						to nearest £	to nearest £
A1 Receipts
Donations																	-	-	-	-	-		53,850
Legacies																	-	-	-	-	-
Grants																	-	-	-	-	-		5,800
Receipts from fundraisingactivities		35	35,341														35	35	35	35,341	341		28,207
Gross tradingreceipts																	-	-	-	-	-
Income from investments other than
land and buildings																	-	-	-	-	-
Rents from land & buildings																	-	-	-	-	-
Interest and Repayment Supplements																	-	-	-	-	-		167	167
Gross receipts from other charitable
activities		3	3	3													3	3	3	3			5	5
																	-	-	-	-	-
*A1 Sub total*	*A1 Sub total*	35,344	35,344			-	-	-	-	-	-		-	-	-		35,344	35,344	35,344	35,344	35,344		88,029
A2 Receipts from asset &
investment sales																						#
Proceeds from sale of fixed assets - Proceeds from sale of investments - A2 Sub total - - - - - - Total receipts 35,344 - - - 35,344 88,029 ~~——————~~
A3 Payments
Expenses for fundraising activities																	-	-	-	-	-
Gross trading payments																	-	-	-	-	-
Investment management costs																	-	-	-	-	-
Payments relating directly to charitable	Payments relating directly to charitable
activities		45	45,804														45	45	45	45,804	804		113,781
Grants and donations
																	-	-	-	-	-
Governance costs:
																	-	-	-	-	-
Audit / independent examination																	-	-	-	-	-
Preparation of annual accounts																	-	-	-	-	-
Legal costs																	-	-	-	-	-
Other	Other	Other1	1,500														1	1	1	1,500	500		1,440

**A3 Sub total **		47,304	47,304			-	-	-	-	-	-		-	-	-		47,304	47,304	47,304	47,304	47,304		115,221
A4 Payments relating to asset and
investment movements
Purchases of fixed assets - Purchase of investments - A4 Sub total - - - - - - Total payments 47,304 - - - 47,304 115,221 ~~———————~~
*Net receipts / (payments)* A5 Transfers to / (from) funds *Surplus / (deficit) for year*	11,960) ( - - - 11,960) ( 27,192) ( - 11,960) ( - - - 11,960) ( 27,192) ( ~~SSSSS~~

APPENDIX 2

THE WALLACE COLLECTION

SC047247

Section B Statement of balances

Details	Unrestricted funds to nearest £ 14,824 11,960) (	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Cash and bank balances at start of year					14,824	42,016
Surplus / (deficit) shown on receipts and payments account					11,960) (	27,192) (
					-
					-
Cash and bank balances at end of year (Agree balances with receipts and payments account(s)) Details	2,864	-	-	-	2,864	14,824
	-	-	-	-	-	-
			Fund to which	asset belongs	Market valuation to nearest £	Last year to nearest £





Details		Fund to which	asset belongs	Total Cost (if available) to nearest £	-	-
					Current value (if available) to nearest £	Last year to nearest £
				#








Details			Total Fund to which l	-	-	-
				iability relates	Amount due to nearest £	Last year to nearest £





Details			Fund to which l	Total iability relates	-	-
					Amount due (estimate) to nearest £	Last year to nearest £



Signature			Print Name	Total	-	-
						Date of approval

APPENDIX 2

THE WALLACE COLLECTION

SC047247

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)

Type of activity or project supported	Type of activity or project supported	Number of grants made £	Number of grants made £





		Total	-

If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b)			x
Authority under which paid			£
As laid out in the constitutio		were paid fees i	12,257
as Musicians in The Wallace Collection not as Trustees




If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b)		this box	x
	Nature of transaction	Number of trustees £





Nature of relationship		Transaction amount (£) Balance outstanding at period end (£)

C2 Grants

C3a Trustee remuneration

C3b Trustee remuneration - details

C4a Trustee expenses

C4b Trustee expenses - details

C5 Transactions with trustees and connected persons

C6 Other information

APPENDIX 2

THE WALLACE COLLECTION

SC047247

Additional analysis (1)

Analysis of receipts and payments

1 Donations

		Unrestricted funds to nearest £ - - -	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £ - - - -	Total last period to nearest £

		-	-	-	-	-	33,080
HMRC Gift Aid Claim		-	-	-	-	-	20,770
			-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-	53,850
		-	-	-	-	-	-

2 Grants

2 Grants
	Unrestricted funds to nearest £	Restricted funds to nearest £	Total current period to nearest £	Total last period to nearest £
Perth & Kinross Council	-	-	-	5,800
			-

			-
Total	-	-	-	5,800
	-	-	-	-

3 Gross receipts from other charitable activities

	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Concerts & Educational Projects	35,341				35,341	28,207
					-
					-
					-
					-
					-
					-
					-
Total	35,341	-	-	-	35,341	28,207
	-	-	-	-	-	-

4 Payments relating directly to charitable activities

	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Concerts & Educational Projects and Recordings	45,804				45,804	113,781
					-
					-
					-
					-
					-
					-
					-
					-
					-
					-
Total	45,804	-	-	-	45,804	113,781
	-	-	-	-	-	-

APPENDIX 2

SC047247

THE WALLACE COLLECTION

Additional analysis (2)

5 Breakdown of unrestricted funds

5 Breakdown of unrestricted funds
Receipts	Unrestricted fund 1 - enter name of fund below	Unrestricted fund 2 - enter name of fund below	Unrestricted fund 3 - enter name of fund below	Unrestricted fund 4 - enter name of fund below	Total unrestricted funds	Total unrestricted funds last period
Donations					-	53,850
Legacies					-
Grants					-	5,800
Receipts from fundraisingactivities	35,341				35,341	28,207
Gross tradingreceipts					-
Income from investments other than land and buildings					-
Rents from land & buildings					-
Interest & Repayment supplements					-	167
Gross receipts from other charitable activities	3				3	5
*Sub total* Receipts from asset & investment sales	35,344	-	-	-	35,344	88,029
					-
Proceeds from sale of fixed assets					-
Proceeds from sale of investments					-
*Sub total* *Total receipts* Payments	-	-	-	-	-	-

	35,344	-	-	-	35,344	88,029
					-
Expenses for fundraising activities					-
Gross trading payments					-
Investment management costs					-
Payments relating directly to charitable activities	45,804				45,804	113,781
Grants and donations					-
Governance costs:					-
Audit / independent examination					-
Preparation of annual accounts					-
Legal costs					-
Other	1,500				1,500	1,440
					-
*Sub total* Payments relating to asset and investment movements	47,304	-	-	-	47,304	115,221
					-
Purchases of fixed assets					-
Purchase of investments					-
*Sub total* *Total payments* *Net receipts / (payments)* Transfers to / (from) funds *Surplus / (deficit) for year*	-	-	-	-	-	-
					-
	47,304	-	-	-	47,304	115,221
					-
	11,960) (	-	-	-	11,960) (	27,192) (

	-				-	-

	11,960) (	-	-	-	11,960) (	27,192) (
					-
Nature andpurpose of funds
All funds and the surpluses arising will be used in future educational and legacy recording projects. Deficits arising are a result of costs relating to Legacy Recordings for which funds were donated in earlier years.

APPENDIX 2

SC047247

THE WALLACE COLLECTION

Additional analysis (3)

6 Breakdown of restricted funds

6 Breakdown of restricted funds
Receipts	Restricted fund 1 - enter name of fund below	Restricted fund 2 - enter name of fund below	Restricted fund 3 - enter name of fund below	Restricted fund 4 - enter name of fund below	Total restricted funds	Total restricted funds last period
Donations					-
Legacies					-
Grants					-	-
Receipts from fundraisingactivities					-
Gross tradingreceipts					-
Income from investments other than land and buildings					-
Rents from land & buildings					-
Gross receipts from other charitable activities					-
*Sub total* Receipts from asset & investment sales	-	-	-	-	-	-
					-
Proceeds from sale of fixed assets					-
Proceeds from sale of investments					-
*Sub total* *Total receipts* Payments	-	-	-	-	-	-
	-	-	-	-	-	-
					-
Expenses for fundraising activities					-
Gross tradingpayments					-
Investment management costs					-
Payments relating directly to charitable activities					-	-
Grants and donations					-
Governance costs:					-
Audit / independent examination					-
Preparation of annual accounts					-
Legal costs					-
					-
					-
*Sub total* Payments relating to asset and investment movements	-	-	-	-	-	-
					-
Purchases of fixed assets					-
Purchase of investments					-
*Sub total* *Total payments* *Net receipts / (payments)* Transfers to / (from) funds *Surplus / (deficit) for year*	-	-	-	-	-	-
					-
	-	-	-	-	-	-
					-
	-	-	-	-	-	-

					-

	-	-	-	-	-	-
					-
Nature andpurpose of funds

APPENDIX 3 OSCR Scottish Charty Re8ulator Réport to th• Charoty namo trusteeslmembers of THE WALLACE COLLECTION Rogistergd charity SC047247 number On the accounts of th• charity for tha period Period start date Monlh April Period end date )024 31 March 025 Set out on pages 1-10 Ir8mgrthrlo Ihe page nufflbe ofadth'tional sheet81 Respective The charity's trustees are responsible for the preparation of the accounts in accordance responsibilities of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the trustees and examlner Charities Accounts (Scotland) Regulations 2006 The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44{1) (C) of th8 Act and to state whether particular matters have come to my attention. Basls of Independent My examination is carried out in accordance with Regulation 11 of the Charities examlnerfs statement Accounls (Scotland) Regulations 2006. An examination includes a review of the accounts'ng records kept by the charity and a comparison of the accounls presented wrth those records. It also includes consideration of any unusual ilems or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evhdence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts. Independent examiner'$ In the course of my examinalion, no matter has come to my attention statement which gives me reasonable cause to believe that in any material respect the requiremenls.. to keep accounting records in accordance with section 44(1) (a) of the 2005 AGt and Regulation 4 of the 200e Accounts Regulations. and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper ched. Signed: Dat•: 27th Novernber 2025 Name: Relevant professional qualification(s) or body Institute of Charterèd Accountants of Scot land (if any): Address: 'Please delete thè words in Ihe bra¢k•ts rfthw do not appty. If the IrdS do apply. 88t out those rnattern which have corne lo your attention on the follo¥Mng page.

APPENDIX 3 Disclosure section Only complete if the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose