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2024-12-31-accounts

APPENDIX 2 nty name t￿l￿W )w Oxenfoord International SCIO Isc 49216 OSCR Receipts and payments accounts For th8 porlod from to ottish Charity Regulator oi Januèrv 2024 31 December 2024 Section A Statement of receipts and payments Unr•strict•d fund• EX￿ndabl& ondowinenl lunds Pèmian•nt endowment lund• R•strlct•d funds Total funds current p•rlod Total funds last pgrlod t• n•ar•t¢ A1 R8e•lpts Dona￿0￿1 8,955 8,955 33,950 Logaclos Grants R•c•lpt$ Irom lundral$lng •¢fjvrtlo8 GrovJ tradlng r8c•lpts Incum? from Inv•$lments oth•r than land an(J bulldlngs Rents frcffl land & bulldlngs Gross rec8lpt8 from oih8r charnabl• act1vl1￿$ 107,035 107,035 66,235 2.010 2.010 2.653 Al Sub iotal 107,035 10,965 11B,000 122.838 A2 Recelpts from I￿t & Investment salos Pr￿ed5 from sale offixed asyets Pro¢eedg from sale of investments A2 Sub iotal Total recelpts 107,035 10,965 11B,000 122.838

APPENDIX 2 A3 Payments Expenses for fundraisirvJ activib.os Ing paymen Inv•stm￿t manag•m$nt ¢osts Payments rdaOng dlr8cty to Cha￿￿1￿8 activit￿$ Grants and donatlons 106,5go 760 106,590 11,725 107,669 10,965 13,800 ovemance Audll I Independent examlnallon Propara11cn of annual a¢¢cunl$ Legal c08t8 A3 Sub total 107,350 10,965 118,315 121,469 A4 Pawn•nts rnlatlng to ass•t and Invgstm•nt movgmonts Pur¢h•s¢$ offbx¢d Purchase of Investments A4 Sub total roral payments 107,350 10,965 118,315 121,469 Net recelpts / (payments) 3151 3151 1.369 A5 Transfers to l (troml funds sU￿lUs /{deficlt) ft)ryear 3151 3151 1.369

OXENFOORD INTERNATIONAL SUMMER SCHOOL Oxenfoord International Trustees, Annual Report 2024 Js

Objectives and activities

Oxenfoord International Summer School has operated since 1981 and obtained charitable status as Oxenfoord International SCIO in 2019. The organisation’s purposes are:

  1. To advance, improve, develop and maintain public education in, and appreciation of, the art and technique of music in all its aspects by any means the trustees see fit, principally by providing courses in singing and accompaniment. Access to such education is open to both amateurs and aspiring professionals, with no age limitation.

  2. a. To support and nurture musicians who are in the early stages of their career by providing bursaries for such courses.

b. To support amateur musicians in enhancing their individual abilities by providing access to professional-level expertise and practices.

  1. To raise public awareness of emerging artists by providing performance platforms in a variety of contexts.

  2. To further such charitable purpose or purposes as the trustees in their absolute discretion think fit, and in particular through the making of grants and donations.

Activities:

Through Oxenfoord International SCIO, Artistic Director leads a team of distinguished tutors and coaches in a week-long summer course for singers and pianists. Bursaries are awarded to students to attend the course; other individuals pay fees for specialist tuition.

Structure, governance and management

Oxenfoord International Summer School is a Scottish Charitable Incorporated Organisation (SCIO) and has adopted the standard form of governing rules as approved by OSCR.

Trustee recruitment and appointment:

The Board remained stable throughout 2024, and with the retirement of in October 2024, the Trustees began the

recruitment process to appoint new staff members. Applications will close at the beginning of January 2025, followed by a shortlisting and interview process.

kindly agreed to be involved in assisting in handover and ongoing support to The Trustees would like to express thanks o t and for their many years of dedicated service and for their invaluable support and guidance during the transition to the new management team.

6

Achievements and performance (2024)

7

Independent Examiner’s Report

The financial statements for the year ended 31 December 2024 were independently examined by , who confirmed that the charity’s financial records were properly maintained and that the accounts present a true and fair view of the charity’s financial activities.

The independent examiner’s report commended improvements in expense recording, bursary allocation, and the overall transparency and quality of the financial administration. The Trustees acknowledge the support of both the independent examiner and outgoing General Manager in providing clear and accurate financial information, which has formed the basis of this Trustees’ Annual Report.

Financial review

The charity continues to cover costs each year, but reliance on major donations to achieve break-even is not sustainable. The 2024 deficit is due primarily to increased external staff accommodation costs, as well as the reduction in some major annual donations. Trustees continue to explore options for securing increased and regular support from individual donors and grant-making trusts, as well as cost savings.

Statement of the charity’s policy on reserves

The summer school continues to cover costs each year, but reliance on major donations to achieve break-even is not sustainable. Trustees are considering:

  1. Increasing charges to course participants and encouraging further donations (with Gift Aid, where eligible).

  2. Reducing costs, potentially by reducing the teaching faculty or external accommodation.

Long-term, the Trustees seek to build a more robust reserves position to support bursaries, venue deposits, and contingency.

8

Details of any deficit

A deficit of £1,814 was reported in 2024, primarily due to increased costs associated with external accommodation arising from the course’s new dates.

Future plans

9

Declaration Signed on behalf of the charity trustees: Print name Designation Chaim7an Date 14th July 2025 10

APPENDIX 3

Independent examiner’s report on the accounts
V2
Report to the
trustees/members of		 Charity name
Oxenfoord International SCIO
Registered charity
number		 SC
49216
On the accounts of the Period start date
Period end date
charity for the period Day
Month
Year
Day
Month
Year
to
01
01
2024
31
12
2024
Set out on pages (remember to include the page
numbers of additional sheets)
Respective
responsibilities of
trustees and examiner		 The charity’s trustees are responsible for the preparation of the accounts in accordance
with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
Charities Accounts (Scotland) Regulations 2006 (as amended). 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 the Act and to state whether particular matters have come to my attention.
Basis of independent
examiner’s statement		 My examination is 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 accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts and seeks
explanations from the 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 viewgiven bythe accounts.
Independent examiner’s
statement		 In the course of my examination, no matter has come to my attention [other than that
disclosed on the attached page*]
1.
which gives me reasonable cause to believe that in any material respect the
requirements:
•
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 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
2.
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Signed:** Date:
10/01/2024
Name:
Relevant professional
qualification(s) or body
(if any):
Address:

*Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.

**OSCR will accept digital or typed signatures.

APPENDIX 3 Disclosure section Only complete rf the examiner needs to highlvJht material problem5. Give here brief details of ' None any items that the examiner wishes to disclose