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2025-07-31-accounts

Charity number: SC047601

DD8 Music (SCIO)

Trustees’ Report and Financial Statements For the Year Ended 31 July 2025

DD8 Music (SCIO)
Contents
Page
Reference and administrative details of the charity, its trustees’ and advisers 1
Trustees’ report 2-3
Independent Examiners Report 4-5
Statement of financial activities 6
Balance sheet 7

Notes to the financial statements

8-12

Reference and Administrative Details of the Charity, its Trustees’ and Advisers

Year ended 31 July 2025

Trustees

Campbell Archibald David Phillips Phillip Paton

DD8 Music (SCIO)

Katherine Thomson Steven Collie Scott Crawford

Charity registered number

SC047601

Principal office

29 Bellies Brae, Kirriemuir, Angus, DD8 4EB

Accountant

AMS Accounting, 3 High Street, Kirriemuir, Angus, DD8 4EY

DD8 Music (SCIO)

Trustees’ Report

Year ended 31 July 2025

DD8 MUSIC – ANNUAL HIGHLIGHTS

DD8 Music is a registered charity based in Kirriemuir, founded in 2005 by local young people. Rooted in the DD8 postcode, we are dedicated to making music, creativity, and opportunity accessible to all.

OUR IMPACT THIS YEAR

266

WHAT WE DO

Our core offer focuses on music, creativity, and wellbeing, including:

Young people can attend freely, explore at their own pace, and take part regardless of musical experience.

FREE FOR THE COMMUNITY

All DD8 Music activities are completely free to attend. This is made possible through:

We believe cost should never be a barrier to creativity or opportunity.

BONFEST – OUR FLAGSHIP EVENT

Bonfest is our internationally recognised music festival celebrating Bon Scott and bringing global visitors to Kirriemuir.

OUR GROWTH

DD8 Music (SCIO)

WHY IT MATTERS

DD8 Music plays a vital role in the community by:

OUR MISSION

To empower, inspire, and transform lives through creativity, music, and community-led activity.

FINANCIAL REVIEW Reserves Policy

General funds were £112,762 (2024 - £93,032) and restricted funds were £162,665 (2024 - £137,007) at the year end.

The trustees believe that the general fund provides a sufficient fund to allow the SCIO to continue to meet any liabilities as they fall due within the next 12 months.

STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution

DD8 Music, which is a registered charity in Scotland, has a constitution approved by the Office of the Scottish Charity Regulator. The Scottish charity number is SC047601.

Method of appointment or election of trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

This report was approved by the Trustees, on Monday 11[th] May, 2026 and signed on their behalf by:

Campbell Archibald

Chairperson

3

DD8 Music (SCIO)

Accountants Independent report to the trustees Year

ended 31 July 2025

Independent Examiner’s Report to the Trustees of DD8 Music

I report on the financial statements of the charity for the year ended 31 July 2025 which are set out on pages 6-12.

This report is made solely to the charity’s Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustees Investment (Scotland) Act 2005 (the Act) and the Charities Accounts (Scotland) Regulations 2006 (the Accounts Regulations). The 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 financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements 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.

4

DD8 Music (SCIO)

Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention:

Have not been met; or

Signed: Dated: 28/05/2026

AMS Accounting Ltd

3 High Street

Kirriemuir

Angus

DD8 4EY

5

DD8 Music (SCIO)

Statement of Financial Activities Incorporating Income and Expenditure Account

Year ended 31 July 2025

Restricted funds Unrestricted Total Total 2025 funds 2025 funds funds

6

DD8 Music (SCIO)


Note
Income and Endowments from:


Donations and legacies
2.0
Charitable activities
3.0

Total Income and Endowments


Expenditure on:


Charitable activities
4.0-
7.0


Total expenditure


Net income (Expenditure)

before transfers

Transfers between funds


Net income before other

recognised gains and losses

Net movement in funds

Reconciliation of funds:


Total funds brought forward


Total funds carried forward


 2025
2024



32,904



115,981



148,885



133,079
-
304,999

304,999

223,070
32,904
420,980
453,884
356,149



(7,246)




(401,250)




(408,496)




(386,998)
(7,246)
(401,250) (408,496)
(386,998)



-




-




-




-
25,658
19,730
45,388
(30,849)

25,658


19,730


45,388


(30,849)



137,007



93,032



230,039



260,888
162,665
112,762
275,427
230,039

The notes on pages 8 to 12 form part of these financial statements.

7

DD8 Music (SCIO)

Balance Sheet

As at 31 July 2025


Note
Fixed Assets



Tangible assets
8.0


Current Assets



Prepayments
9.0
Cash at bank and in hand





Creditors



Due within one year
10.0


Net Current Assets



Net Assets



Charity Funds



Restricted funds

Unrestricted funds






533
207,101
2025 2024





69,521





















205,906







-
168,529

62,950






167,089
207,634


(1,728)		 168,529
(1,440)
























275,427 230,039









162,665

112,762



137,007
93,032

8

DD8 Music (SCIO)

Total funds

275,427 230,039

The financial statements were approved by the Trustees on Monday 11[th] May 2026, and signed on their behalf, by:

Campbell Archibald

Chairperson

Notes to the Financial Statements Year ended 31 July 2025

Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and The Charities Accounts (Scotland) Regulations 2006.

DD8 Music (SCIO) constitutes a public benefit entity as defined by FRS 102.

1.2 Income

9

DD8 Music (SCIO)

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees’ report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to the activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity’s operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold Land & Property - Not depreciated Plant and machinery - 20% Straight Line

10

DD8 Music (SCIO)

1.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.6 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.8 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.9 Pensions

The charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

11

DD8 Music (SCIO)

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.0 Income from Donations and Legacies


Donations and Grants		 Restricted funds 2025
Unrestricte
d funds
2025
Total
fund
s
Total
fund
s
2025
2024

32,904


115,981


148,885


133,079

3.0 Analysis of Income from Charitable Activities by Type of Income

Restricted Unrestricted Total Total

12

funds 2025 DD8 Music (SCIO) funds 2025 funds funds 2025 2024 Bonfest income - 304,999 304,999 223,070

4.0 Direct Charitable Activity Costs




Grant related expenditure
Bonfest expenses
Studio expenses

Total







 Community
access to
musical and
cultural
activities
Total
2025

Total
2024

7,246

7,246

20,462
234,868
234,868
204,089
13,272

13,272

5,556
255,386
255,386
230,107

5.0 Support Costs

Governance Community Total 2025 Total
access to 2024
musical and
cultural
activities

13

DD8 Music (SCIO)


Repairs and maintenance
Subscriptions
Storage costs
Accountancy fees
Bank charges
Wages and salaries
Other
Depreciation
Total


928
928
937

2,605
2,605
2,320

960
960
960
1,728

1,728
1,680

370
370
823

141,731
141,731
129,111

3,145
3,145
21,060

1,643

1,643
-
1,728
151,382
153,110 156,891

6.0 Governance Costs

Independent accountant 7.0 Staff Costs Wages and salaries 8.0 Tangible Fixed Assets

Restricted
funds 2025


-		 Unrestricted
funds 2025
Total
funds
2025
Total
funds
2024

1,728

1,728

1,680
2025
2024

141,731

129,111


Cost
At 1 August 2024 Additions


At 31 July 2025

Depreciation		 Property
Plant and
Machinery


62,950

9,536

8,214
62,950
17,750



 Total
72,486
8,214
80,700

14

DD8 Music (SCIO)

At 1 August 2024
Charge for the year
At 31 July 2025

Net Book Value
At 31 July 2024
At 31 July 2025

-


62,950
62,950		 9,536
1,643
11,179


-
6,571		 9536
1,643
11,179
62,950
69,521

9.0 Debtors

2024

Other debtors
Prepayments and accrued income


10.0 Creditors


Accruals and deferred income		 2025

-
533

-
-
533
-
2025
2024

1,728

1,440

10.0 Creditors

11.0 Pension Commitments

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. At the year-end there were contributions payable by the charity to the fund of £8,945 (2024 - £7,865).

15