AGRIGENTO Ir•Blster•d * • Scottlsh Chwltable Incorpornt•d Ory•nls•tlor41 SCOTTISH CHARITY NUMBER: SC048679 REIIORT OF THE 8OARD OF TRUSTEES AND FINANaAL STATEMErirs FOR THE YEAR ENDED 30 SEPTEMBER 2024
AGRIGETr¥ro scio CONTENTS Page Charlty Information Report of the Board of Trustee5 Independent Examiners. Rewt Statement of Financial Activttles Balance Sheet Notes ¢0 the Flnanclal Statements 8-11
AGRIGENro scio CHARITY IPIFORMATI(Y4 LEGAL NAME: A8ri8ento 5a0 CHAR NUMBER: SC048679 •WNQPALADDRESS: OA8OOFThU5TEES: W4XEIS: Triodos Bank Oeanery Road 114DEPÉ140ENT EXJMIIIER: ,HA 6 St Colme Street Edinburyh EH3 6AD
AGRIGENTO SCIO REPORT (% THE 80ARD C% TRUSTEES for the year endèd 30 Sewember 2024 The 8oard of Trustees present their report and the finarKial statements for the year eThJed 30 September 2024. Oblectlves and athltie5 The or8anisation's purposes as defined in its SCIO conlttIl)n are.. al the advancement ol arts and cukure thrLw8h the creatbon, dwebpment and SUPPDrt of sustainabte rnuslc proleas bl to promote slmSlar charftatle purposes. obSects Or Institutio in such proportions and m)nneT a5 the Tiustees thlnkllt. AthVements and perfornw The most 3i8nifi(ont demtbpfflenl in 2024 was the klunch of a new $Cme. Innovar. whlch wa5 desl8ned ro promote Fed•8oglul inty•iion In the of MUSK as 5Qtlal a(tkn In Latln Arnerta. For thE nrst Ilrne, we Issued an open call for prop05als. Twebrt projeds were selected for seed-fundlns in 2024. Th15 expeilment turned out to be very successful. All twefve wojects dellvered resuhs by the end of the year, and foul were suffkièntl¥ lrnpresse ihat we decided to ¢)ffer them fol1¢Y•¥n fuThlir8 for 2025. We werf unsure whether small grants would b• •ppealin8 and m•anln8fyl, but we reIved a iood number ol applications and the fÈèdback Irom yanteè5 was v•ry pOS1v•. It seem•d that e4pn smaH $um$ of fundiru w¢ro finan¢lalty Si8nrficant. but equally note4V4Ythy wa5 the wmbolc valuè of the 8rants to inclpleNt •nd 8ra$sroots olects. In several Cases. retsi¥in# funding from att ovtr5as charty was re•d •$ offerin8 validation of the prolett. Thls Increased Ioc31 visitslity. kWli¢e. and cornmunity support giilng the PfOiÈtts a greater chance of continukngafter the ABii8entoRrint wa5 finished There were aL%o important devepMeDts In our work In BrdzII. After two years of supwt frorn &rlgento, Projtto Conectar Ised in Belo HorSzontel has become a regtstered Instllulb)n under the new name of Instiluto Conectar, puttin8 It on a fiinT Ir)otln& The prolert has been sueSSfUl and has be8un to make ami¥'tlws plarns. and It rs CulnIty •pln8 for state fundinB to allow It to grow. We 1150 begath io support the expanslon of the or8anlsotion Musica do Clrculo IMdCI Into the field of muslc as social tion. Mdc has developed an ori8lnal peda808y. and we betiève It holds great entIal for thos field. We are provlding schc4arshlps lor fouf teachers from 01sthanta8ed commun1e5 to urtlertake Mdcs two.year teacher tralnln8 pro8ram; and we are supkY)rting the Thenionn8 of four coThwnunity project leadets Mdc. Our work wlth ihe Brazmlan Nètwork for ReflectNe Mu5Kal Prartti has nth resumed. t1 In5tituto Conectar and Mdc have openpd up valuat4e new dIa10n5 forAgrlgento in BrJiil. We cofttlnved to support Communities ol Kno¥¥ge.. g)nklo CL4ectlvo Icolomblal and The Choral Commws IUS/Mexicol. Sonido COlect+ grg•nised o Natlonal Mettirg of CDNnUtY Musk5 in Bo8oia In October 2024, at which the leader of The Choral Cornmon5. as the 8ue5t of honour and workshop l•¥der. Thanks to 4ri8ento's support, 7D partK¢pants Irom 35 orsani$•tions in 10 cities were able to attend_ This was a 13ndm¥r event In Cok¢mbia, and it has rise to the creation OF a Natlonal Network of Communlty Musics. which A8ri8ento will support In 2025. Sonido Colectlvo has also (ated a network ol Colornbian unfverslty musie departnnts. which t5 th'scv55in8 curr1ctsr rorni$ to create more spa¢? for community rnusk In hl8hèr FNskedu(2tiofi. We also continue to lund the Dlloma In peeL15Iry1 Throuth IAu5ic at the N8lional Uni¥prsity of Colomkna, which is buikling a community of prleSVe re5earcher-pra£t1tnerS in the field of music as soclal actlon. A8rrdentO'5 fvndlng prov*Je5 sthoL3rship5 for th lmable to pa¥ the fyll cost of In5crlptlon. We are Ireasingty seeing the results of th dipbma as grathates play prcKninent roles in SonKIo Colertivo's events and networks and applyfoiour Innmrgrants.
AGRIGENro scio REPORT OF THE 8OARD ( TRUSTEES for theyear onded 30 September 2024 hièvements and p¢rFwmane• DITtOr ol Resea travelled to Cok)mbia to attend the National MeetinB of Cm)munty Musics and a music edutatJn Cornferee IFLADEMI. He also W numerous meetings wlth A8rEento antees and partner5 in BoROta and Cali. which I)ChJd vi51tin8 rtNJSiC proirts. Shortly afteards, he participated in the SIMM IS1?4 Impact of MaklnR Music) conference In Copenhagen. as a prpsenièr ath panel th•ir Ihe 15 also a fourKlin8 t)ard mèmber d the organisatitsnl. Final. he traVèId to Japan for an irten5ive summit MUSK and peacebuildin& tyl1$ed by Japan's Min-on Music Research Institute IPA ThMRII. He ha5 been partlcipating in mnihfy dlscusslons wlth MOMRt for 04er a vear. and th15 régukir commitmeni will coTrtinue until at leasi 2026, when the next summrt is planned. hr the futswe The Trustees wlll continue io seek to lulfil the charWs object1$ and will consider h( best to Id2ntlfy Sllstalnable musk pmle¢tsto dknP andsupry)t. Fln•nd•l re¥lew The net expendbture for the year was £9.57512023: net Irme of £7,979). This Char has canled forward funds ol £90,8594t the yeor end12023.. £1(XIA341. Réserv 11¢ The Trustees wlll ctInUe io r•vknw thelr r•MN•5 polkn as the •rtb4its of the ch•rity develop furthew overthe ne year. At the year end unrestrkted-fr••" reserye$ armunt lo É,859{2023.' £IC¢J,4341. Struttw•. ith•m•nc• •nd Maname 4rlBento ts a Scottlsh thaftsbk Ina)rrated organlsatiL fomied on 4 September 2018. Or8anlsatlon aThlTnMt•e 4ipolntnni TSte a appolnied and removed by the Board of Trnstees In ac[Ordan wlth rules of the SCIO. The Trustees meet re8ularty to discuss the KtrwilS and advancement of the charlty.
AGAIGETr¥ro scio REPORT OF THÉ BOARD OF TRUSfEES for th• y•ar thd4d 30 Seoernber 2024 Trusleu, ResponsltllhiesSt•n•it The Trustees are responslble for preparlng the Rert of the 8oard of Trustees and the ftnartlal statements In actordartce with applicable law and Uhited Kin8dom AcrouThti Starnlards Iunttad Kln8thm Gènerally Attepted Accountin8 Pradicel. The law appliCae to Charitles In Scotland requires the Trustees to wepare finarrial ststement5 foi each financial year which give a true arnl fair vie of the state of aff•ir5 of the (harity and of the incomir¢g resouros and arvlication of le5our$ of ihe charity for that year. In preparln8these fin)n¢thl staternents. the Trustees are required to= select sultable accounting polScles and then appty them consistentty- observe ihe rnethots and prIncie$ In thecharity SORP 2019 IFRS 1021: make lud8ernent5 and estimates that a reasonable aftd prudèni: 51ate wheiher appll¢at4e iccourtln8 siandard5 ha teen followed, sublect to any materlal departures dlsclosed explalrned In the flnanclal Stements,. and prepare th¢ finèDcial 5lalern¢nt5 the BO1 thnorn tM$15 unle55 tt Ls Inappropdate to that the chailtywill Continue oper•lw)A. The Trustees are responsible for keepin8 properJJccountin8 records th•t dlsclose with reasonable acwracy at any tim• th• financial positw)n ol the charity aTh4 enable them to ensure that the ftn•n¢i•l ststements cornp wrth the chre5 and Trust¢• Investment Iscotlandl Act 2ts)5, the Charltles Accoun15 IScotl•ndl Regulation$ 2C()6 la5 amended) •nd tht provlslons of th• charl$ Cstitutn. Yh•y arè also rèspornsible for saf4uardin8 the assets ol thÈ charlty and herf for taklng r•ason4blg st•ps for thg pr•¥•ntlgn atKI detectlon of fraud and other 1rre8u1artts. Thls res was JpproMI by the Trustees on 3 June 2025 and Sied ofi Its behalf bv Trvstee
INDEPENLNf fXAMINEWS REPORTT07HE TRU5fEES OF AGRIGENTO I report onthe finarKial st3tmeThts of the charity for the year endal 30 September 2024 which are 58t out ges 6 to 11. R¢spe(tive respons11e$ 01theTnteeS and Examlmr The charitfs Trustees are responsible for the preparation of the financlal ateMentS In a¢cordan¢e with the temis of the Charities and Trustees Investment IScotlaThll Aa 25 and the Charrties knounls Iscotlandl Re8ulatlons las 8mendedl. The charws Trustees consider that the audit requlremÈnt of Règulation ICIii lal io 1¢) of the Accounts RegUlatrts does not appfy. K is my le$Tr$ibIliY to examine the financkl staternents as requlr•Y under Section 4411) Icl of the Art and to State whethei particular rnatteys hwe comè to my attentbn. 8•5is of Independert E¥arninerfs statm•rt My ex•nlnath)n Is caThlel ojt In accordance wllh Re8ulaiion 11 of the Ch¥ltles Accounts Istotkndl Regulatior15 2(KJ6 las amended). An examlnatlon IncIleS a review of the a¢¢ountrn8 records kept by the charity ond a compdrlSDn ol the flnanclal siaiements presenied wlh those records. it atso kncludes conslderatvn ot any unusual items or dlsdosuie5 In the flnanclal siatements, and 5eek5 expkqnatlons from the Trustees Coer04n8 •rny such matters. Th¢ PTocedures uTrlertaken do de all the ewldence that Wld be required In In audlt, and consequently I do not expwess 47n alit opInn on the vlew 8lven by the flnandal stat•ménts. ld•p•nd•nt EJ¢•Tr5n•es stst•m• In the course of ex•mItwtn. no matter ha5 COTh tr my tentn.. whlch gls me re•sonable cause to belleve ihat ID arN materlal respett the reqvlrernents,. to keep actAtIng records In wf(h SeL*on 44111 lal of the 2005 Act aTh Re8ulaiion4 of the 2(k% kcounls Aegulaiion5: and lo prepwre flnakKlal statements whlch accord wlth the aOUnt0rq re¢orth and comp with RegulatK)n 8 ofthe 2)6 knounts Re8U1)tnS. have not been met or ro whth, in my oFinion. atttntion S)ld bè (trawn kn (xder to enabk a proper understandlrg cf thefinanclal staiernenrs io te reathed. 3JuDe Z025 MHA Chartered Accountants 6 St Colme Street Edinburgh EH3 6AD
AGRIGENTOSCIO STATEMENT OF FINANaALAcfiviTIES for the year ended 30 September 2024 Notes UntrIcted 2024 Unresiritted 2023 Income from: charitab actfvlties lftvestment Income 153,525 365 158.269 291 Total income 153.8 158,560 Expendlture on,. Charitable a¢tNlties 163.4165 150,581 Total expendlture 163.465 150.581 N•t Income •nd n•t m¢wernert In lunds 19,5751 7,979 Ttxal lunds broutht lorw•rd l(Q,434 92,455 Total funds c•rrbed forrd 90059 I,434 The statement of flnanclal adfviiies includes all galns aThl bsses In the year. All Income and expendlture derwes from continuing actNtties.
AGRIGENTO sao BALANCÈ SHE as at 30 Septembgr2024 Notes 2024 2023 Curffjnt assets Cash at bank and In hafftd Debtors 70,034 27.282 95,688 11,577 97.316 107.265 Uabllliks credit5. amounts falli18 due With cffie year 16A571 16,8311 Netcurrent •ssets 9).859 100,434 Netasts 9J,859 IIJO,434 th•rltyfvtyds Unrestrlcted lunds 9).859 100,434 The Ilnancol statennts were approved luthorbed for tssue by the Board of Trustee5 on 3 June 2025 and were slgned on their behalf bv.. Trustee
AGRIGEpiro sao NOTES TO THE FINANCIAL STATEMENTS ftr the year ènded 30 September 2024 l. Accountln8 polkles The stgnfftant Kcountin8 poIKies applied In the weparation of these financ1 statemtnts are set out bebw. Bosls ofpreporatloft othlplftg toftcern The financial statemerbts have been ppad on a 8oln8 concern basls under th• historital tost convention with Items reco8nised at tost 01 transaction value unless otheiSe slated in the relevant notes to thè flnan¢lal staternents. The flnanclal statements are presented In Sterlln8 whlch Is the funttional currency of the charity and rounded to the nearest £. The flnancTral statemènts have beefv prepared In accordance wlth the Charttle5 and Trustee Inveslmenl Iscotlandl Act 25 and ihe Charitles Attounts Iscotlandl Règulations 2CIJ6 las amènded). Accountln8 and ReportSng by Charftles.. Staternent of Recommended Practice applicable lo Charit preparln8 theli fInancl statements In accordan wlth the Flnanclal Reportln8 Standard appllcable In the UK and Rèpublic of Ireland IFRS 1021 Issued Oaober 2019. the Financlal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 and UK Gentralty AcPted Accountin8 Practi. Agr•nto mett5 the definltlon of a publlc benefrt entlty undef FRS 102. The Trustees have confirmed they corbsider tt appropriate to prepa the finaKlal statements on 01 toncern basis. This aswmes that the charity will continuè its Operatn$ for a pèriod of at least tW¢e months from the date ol approval of finantial statements. Income All incorne Is Teco8nlsed when the charfty is entttled io the Incorne. 11 15 probable that th* Income wlll be recew and the amoynt of kn¢ome re¢efvoble can be measured fellay. Donati)ns that Pfovlde core fundln8 or are of a 8eneral naiure are recognlsed In the year In whlch Ihey are iecelvabk, whkh Is when the ¢htyty bectynes entltled to the resource. Interest on funds hekl on deposlt Is Inchjded when rwNable. ThL% Is nomi)Ily upon notiflcatlon ol Ihe Interest pald or payable by the Bank Expendltsfe Expendlturè b w¢o8n15ed a5 soon as there b5 a gaI or construrtfve obltION to mak• payments to third partles. It is probable that setdement will be required and the amount of ihe obli8atioTh can bè measured rellably. The thority 15 not rwtered for VAT therefo am costs are 5hty44n 8ross of Irrecoverab VAT. Charitable expenditure comprtses those costs incurfed by the charity In the delwery of Its actfvitle5 and services for its benefarles. It includes both (osts that can be alkjcated directly to such adivities, those tosts of an indirert nature ne$Sary to support them and an alhxation of 8o¥ernan costs. Support costs a alkxated between 8o¥ernance costs and other support costs. Govemance costs comprise those costs invofvin8 the publk accountability of the charity and its compliance wilh re8ulaiion5 and good practice. They therefo include costs of independent examination. othèr 5LlPPOrt costs relate to the administrative costs of runniTrA the charilv.
AGRIGENTO sao NOTES TO THE FINANCIAL STATEME14TS ItlInued} for the year ended 30 September 2024 L Accountlni polkles Forelqn wrrenry tronstrthns Transactions In foren turrencies are recorded Th& the rate of exchan8e rulin8 at the date of the transattn. Monetary assets and liabililies denorninaied in forei8n ojrrencies are translated using the raiè of exchan8e rulin8 at ihe balance sheet date and the 8alns and losses on translation are lTrcluded in the statement of financial Jrtivities. Debtors Debtors are measurtd at their recoverable amount aftd induded when reasonable certatnty exlsts ovtr their reipl. Cosh otbonk Cash at bank intludes cash and h+8hty lubd short lerrn IrNestments wlth a rnaty of three months Of less from the date ol aCquIlITr of the depos or slmMarnL Credlto Creditor5 are Teco8nlsed when ¢harlty has a wesent obllgatknn iesultlng from a past evenl that wlll probably resuh In the transfer of funds to a thbrd Party and the amount due to settle the obliqatlon can be measured rellabty. Flnancl&llnstr¥ments The char¥ On has financial assets and finantbal liabilitiès of a kind that quallfy as bask flnanclal Instruments. Bask linancial instruments are Initial reco8nised a¢ transactlon value and subsequently measured at ihelr Settment value. Funds iJnTestricted funds #re available for use at the discretK)n of the Trustees In furtherance of the 8eneral Objectiv of the charlty and whith ht not been deSted foroiher wrposes. Restrlcted funds arè funds whlch a to be used In accordance wlth specff restrlubns Imposed bv donors orwhich have been ralsed by the Charityfor partkular purposes. Iworne fr+xn charffabh art1¥¢5 untrted 2024 Unrestricted 2023 Oon*bns 153.525 158,269 All income receNed duri1¥ both 2024 and 2023 was unrestricted. In¥esfment Iworne Unr¢stritted 2024 Unrestrlcted 2023 Bank interest reed 365 291 All income recew duri1 both 2024 and 2023 was unre5trlcted.
AGRIGElO sao NOTES TOTHE FINANCIAL STATEMENTS for the y•ar ended 30 September 2024 Expen(tur• on dwrltable a¢tl¥ltles Unrestricted 2024 UnStrICted 2023 Grants pald Wages and saLailes Travel and ollKe exFenses Other professk)nal fees Bank charges Payroll cosis Governance costs 86,230 72.9(KS 1,610 71.936 67.617 8,214 480 131 453 1,750 2% 504 1.925 163.465 150,581 Governance costs compri5e'. Independent Exomlnels fee 1.925 1,750 All exptndr(ure dur1 both 2024 and 2023 was UnreStCted. W•8es •nd Mlirl•s 2024 2023 Salarles Employer Natoonal Insurance Employer pènsion 64,2()) 2,315 6.385 60,000 1,617 72.9)) 67,617 One employee re¢eW emoluments of between £FAI.? and £70.1)XJ in the currert year12023: One employee re¢efved emoluments of between E60,IX(l and E70,(ml. The total arnourt of muneratIOn recer¥ed Mana8ernent Personnel In ihe year was £72,900 12023: £67,617). Trustee's femumfatlo No Trnstee receSved any remunerntion or was relmbursed expenses durfn8 the year. Dtbtors 2024 2023 Gift aid rece8 27282 11,577 io
AGRIGEr0 scio NOTES TO THE FINANCIAL STATEMEPITS for the year ended 30 September 2024 Creditsrs: Amounts fall due wlthln on• 2024 2023 Grants payable Accruals and defe1 income Taxatbn and social securfjty costs Pons5 payable 871 1.869 3.591 2.310 3,612 535 6.457 6,831 Anal15 ol mo¥•ments In lund5 Atlo 2023 At 30 Sep 2024 Intome Ejtpendtture Unrestrlrt•d funds ILKI,434 153.890 1163,4651 90.859 Atloct 2022 At 30 Sep 2023 Income Expendlture Unrestrirted funds 92.455 158,5 1150,5811 ICO.434 10. Related p•rtl•s Ouiin8 the year one Trustee made thnatbns of £137,820 to the tharity 12023: £146.311 to the tharityl. In addbtlon. 8fft ald on Twstee donatlons of £27.282 was recelvabje * the year end 12023: £11,577). li