Scottlsh Charlty Number: SC050934 scorrisH SCHOOLS ORCHESTRA TRUST SCIO TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 SCOThISH SCHOOLS ORCHESTRA TRUST SCIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Report ofthe Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notesto the Accounts ScO￿lSH SCHOOLS ORCHESTRA TRUST SCIO TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page I The fru5tees present thelr report and finaftcial statements of the tharity for the year ended 30th September 2024. The fsnantial statements have been prepared In accordance with the accountin8 policies set out Sn the notes ¢0 thE accounts and comply with the charity's constitution, the Charities and Trustee Investment Ikotlandl Att 2005. the Charitie$ Accounts (Scutlandl Regsjlatlons 2006 las amended) and Accounting and fleportin8 by Ch3rities-. Statement of Recommended Practice applicable to charities pfep3rin8 their accoynts in ac¢ord3nce with the Financial R¢porting Standard IFAS1021 applKable in the UK and Republic of Ir¢land. 08JEcfivES ANL) AcfiviTIES The purpose of rhe Scoitish Schools OrthestraTrusr SCIO I'the SCIO'I is forthe advancement of tho arts, heritage, culrufe or science wth the beneficiaries being chsldren oryoung people. The SCIO took over the work olscottlsh Schools Orchestra Trust (Scottlsh Charity number.. SC0157091 I'the Trust'l this year to achieve rhls aim by promoting an anTrual resldential orchestral course during the summei holidays, for childreTr of upper pi*mary and lower secondary sthool age, as well as occasional Play Away Days. ACHIEVEMENTS AND PERFORMANCE Durlngthe year to 30 September 2024 theSCIO was dormant until the Trust undertookthe necessary procedures to wind up and translerthe assets and attivities to the SCIO. which took place in May 2024. As merger accounting has been used, the a¢tlvities are reported as rf undertaken bythe SCIO for the whole period. Duringthe year ended September 30th, 2024, the Scott15h Schools Orchestra frust promoted three activitie5. In dditioth to the summer resTdential course, Nn along similar lines to those organised by the Scottish Sthools Orchestra Trust eath summer from 1985 to 2023, it also ran P5ay Away Day5. similar to those organised each Novemtierfrom 1996 until 2022 and each Febwary since 2003 until 2023. Overthe tourse ofthe 2023124 events. we welcomed 163 mus4Ctans at our three eyents with 98 musiciarss new to the Scottlsh Schoo15 Orchestra Trust and 26 local authorities represented overall. Aortumn PloyAway Day The A￿turnn Play Away Oay wa5 held on Sunday November 19th. 2023. We welcomed 99 mL>sician5 aged between 8 and 15 who each paid £39 SO to attend the Play Away Day from 10.00 a.m. until 4.00 p.m. at St George's School, Edinburgh. The eveftt coftcluded with a shartng event for Parents/carers. The Strin8 Orchestra was conducted by joanna Petrie, and the Wlnd 8and and Symphony Orehestra by Susan Dingle. There was I paid adult5tring coach and 2 paid adultwind coaches. along with 3 ttnFtaid student assistants. St Geor8e's char8ed £550 for providingvenue hire. Partitipant breakdown for the Aulymn PlayAway Days is a5 follow5. 99 parricipants 140 boys, 59 4lrls178 participants were from Stale Schools and 21 partlclpants were from independent schools. 45 participants were woodwind and brass players 3nd 54 were string players. Geographicèl breakdown.. Aberdeen$hl￿ 3,. Arkyll & Bule - 3; Clackmannanshire- I.. Dundee Clty.. 12: Easi Renlrewshire- 7. East Ayrshire- 7- East Lothian-4,. Edlnbuigh- 20.. Falkirk- I; Fife- 4,. Glasgow- 18- Highland 2,- Mld LorFilan 2,. Mtsray - I,. North LaAarkshlre 3,. Perth & Kinross I,. Scottish Borders 6.. South L3narkshife- I,. Stirfing- 2.. West Lolhièn 20 Scottish Locèl Authorities were represented out of 32. ScO￿lSH SCHOOLS ORCHESTRA TRUST SCIO TRUSTEES, REPORT (cont.) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 2 Spring Plvy Awuy Dov On Sunday March 3rd 2024. SS rnusici8ns aged between 8 and 15 each paid £39.SO to attend the Pjay Away Day Iroffl 10 00 3 rn until 4.Tr) p.m. at Hutchesons Grammar School, Glas ow. The String archestra was conducted ntl the Wind 8and arld Swnphony OTchestr3 by There was I patd adulr strin8 coac an pai adult wind coaches, along with 6 unpaid student assistants. Hutchesons Grammè¥ Sehool thar8ed £675.50 for the use of the buildin¥. The day linishÈd with a sharing sessiorF for parentslcarers. Participant breakdown for the Spring Play Away Iky is 3s lollow 65 participants131 boys, 34 girls) 52 participants were trom state schools and 13 wtre from in¢Jependent Schools. 26 participants were wind/èra5s1oercussion players and 39 were strlng players. Geogrophlcal bfeakdown.. Aberdeensh5re 6.. Aoyll & 8ute- 2,. Easi Ayrshtre- ?., Easi Dunbanonshire- 3,. East LothiaTr- 2,. E3st Renfrew5hire-5; Edlftburgh- 11; Fife- I; Glas8ow- 12", Inverclydt- I,. Mid Lothian- I,. North lanarkshire- l.. Renfrewsh1re- l., Scottish Borders- 6- South Lanarkshife- I,. Stirling- 2. West Loihian- 17 Scottish Local Authorities were representerf otst of 32. Summer Course The annual 5vmmer residential course was hdd at Strathallan School. Perthshlrt from July 14th urtl11 July 19th, 2024. There were 97 participants wtth S2 gtring player5 and 45 windlbrasslpercussion pl3yers aged betweeft 9 and 15. ranging between A8RSM Gradt 2 and Grade 7. Pèriiclpants paid ESSO each Was the Concsuctor of the Chamber and Symptrony Cr£hestra5. ondv£ted 5vbsidiary giovps, and the￿ were 13 orher adult members ol stèlf Isectional tutors, nurse, spor15 and artl and 4 siudent assistants. ere ihe ca.Cour5e. D'.rEltors. During the afternoon of Friday July 19th, theconcert was held in the Central Hall, Tollcross, Edifibur8h, featuring 311 cours¢ participants in the various different ¢r¥sernbles which had rehearsed during the week. Durlng the course, thete wert arts, crafts and sportin8 3rtsv+ties, and evenln8 enrertainments. Participant breakdown.. 97 participant$144 boys, S3 8id$l 82 participants were frorn state schools.IS were Irom independent schools. Geographical breakdown: Aberdeen City- 3.. Abeideenshire-3., Angus- I: Argyll & 8ute- l.. Clackmannanshire I; Dundee- 5., East Ayrshire- 3,. East Dunbartonshlre- 4., East Lothlan- 4.. East Renfrewshlre- 16,. Edinburgh 15., FifE- 4,. Gla¥ow- LL.. Highland-3,. Moray~ l.. North Lanarkshire- 2: Perth & Kipross- l., Scott15h Bor(tefS 7", Sovth Lanarkshire- I, Stirling- 8; West Lothian-2,. Intefnation31- 2. 21 Scottish Local Authoritie5 represented out 0132. SCOThISH SCHOOLS ORCHESTRA TRUST SCIO TRUSTEES, REPORT (cont.) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Paze 3 Mury Cttrmi¢hoelFund The Mary Carrnichael Fund was established in 1998 vthth a le8aCV teft by hAary Carmichael, former Director of Scottish Schools Ofchestra Trust. Strsce 1998 manydonations have beèn added to the Fund. whith is lodged with United Trust Bank. Yhe purpose of the Fund is to otter bvrsaries for the summer course to children who would not otherwise be able to atrend, as well as usin8 funds for occasional commisslon fees. For the Summer Course 2024, the Mary C3rm5chael Fund distributed £l,Cl)O ol buisaries io supptsrt applicants in ftnanclal need. In September 2024 the Fund st3nds at £16,701.12023.. £17,525). Annual interest iecetved In May 2024 wa5 £175 12023.. £1381. FINANCIAL RÈVIEW The tharity hos prepared merger attounts lor this pertod. so the Accounts show Income and e¥pendlture for both S¢ottish Schools Orchestra Trust SCIO ISC0509341 and Scottish Schools Orchtstra Trust ISC0157091 typ to the date of transfer of assets. and for the SCIO for the remainder of the year. Notes 14-16 of the Financlal Starements provide more derail for the current and Comparative years. The charity had a surplus of £3.69912023.. deficit of £3,0301 for the year. It has accumulated reserves of £34.409 12023.. £30,710) at the Balance Sheet date. The Scottish Schools Orchestra Tnjst received finantial assist3nte towards the summer touwse. We were fort4trnate to receive dorsations totallin8 £20,760 durin8 this year from The Cruden Foundation l£l,0001, The Fraser Foundatton1£4.CQOI, the Marylaner King Foundation1£2,SOOI, The McGlashan Trust1£S,0001. The Stevenson Charitable Trust1£3,(￿oI, The William Sy50n Foundation1£4.0001, The Tay Charitable frust l£l,0001 and £260 fioFn individuals.12023.. £17,000 f¥om eiKht organEsationsl. Wewere also fortunaleto recewe bursarylundift8 ttstallin8 £2,000 from the Weir CharitableTrust12023.. £2,750 from one organisationl. RESK MANAGEMENT The Trustees and ma4)agement comrnlttee have assessed the major risks tc* which the charity is exposed, in particular those Telattng to its operafiDns and finances, and bÈlleve they have sysrems in pEace to mltlgate exposure to the malor risks. RESERVES POUCY The Trustees and management comrntttee tonsider that the thèrity should ideally have r￿erVeS sufficient to ftsnd the cost of one year's proEramme of act¥vities. However. they conslder th31 the minimum level of reserves required shotsld cover the potential cancellatlon costs of the summer school, for whid) the current level of rese*v￿ should be adequatè. PLANS FOR FUTURE PERIODS A ¥esidential summer School Is planned for 6th - Ilth July 2025 at Queen Victorlo School, Ounblane with the lin31 concert bein& held at Central Hall. Edinburgh and two Play Aw7y Day5. The Autumn Play Away Day will be held on the 17th rsl November 2024 at 8rou8hton High Sthool, Edinburgh and the Spring Play Away Day will be held in Llarch 2025 at Hvtche50ns Grammar Sthool. Gla40w. ScO￿lSH SCHOOLS ORCHESfRA TRUST SCIO TRUSTEES, REPORT (cont.) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 4 STRUCfUAE, GOVERNANCe ANO MANAGEMENT anisation and Goverh ment Scottish 5chotsls Orchestra Trust SCIO was formed by constkutr.on as a SCIO on 26 April 2021, )nd is reco8nised as a charity by th¢ Oflice of the Scotttsh Charity Regulator IOSCAI in aicordan¢e with the provi5i0V5 01 The CharFtIÉs and Trustee Investment IS¢otlandl Act 2005. Theassets and actiwities of the Scottish Schools Orchestra rrust ISCOIS7ogi have beer¥ transferred to S£ottish Schools Orthestra Trust SCIO ISC0509341 in May 2024. The rnerger method of accounting was deemed appropriate. This meafts the finandal statements ¥hgW the current and comparative figures as if the entities have been the combined throughout those per*ods. Notes 14 to 16 of the financial ststement5 provides fijrther details of the pre-merger and posi merger Statement uf Financial Acrivities ISOFAI components as well 35 the net assets at Ihe dale of merger which make up the combined figures detailed in these financial statements. The tharitable aims and actiMtie5 rtrf the oreanisation are unchanged. The harity is overseen by the Trustees. olntment of Trustees The Tru5tee5 have been selected because of their experience In chlldren's rnusl¢al or8anisatlons. Current Trustees include current and former music tea£hers, Ificlud￿ng heads of school musi¢ deportments and former scottish Schools Orchestra Trust committee members. Future appointments would seek to maintaln OT develop this levEI of experience. Tw$to0 Indu¢tlon and Tralni NewTrustees undergo orientation to brfef them on thew legal obltg*igns under charitylaw, the kotknsh Charity Regulator's guidance on trustee dutles. the content of the constitution. the committte and decision-rnaking processes and the recent performance of the charity. Trustees are Ènco¢Jraged to attend applopriate external training events where these ￿11 facilitate understanding of their role. ni53tional Mana ment The board of frusiees. adfflinister5 the chariry. The board rhe Mana8ement Committee meet on an agreed basis. Tr￿Stee$ will be provideil with infortnation regBrdingthe ch&rity's lin8nce5 at each meeting. with rhls belng a regular a£enda item. A Director 15 app￿nted by the Trustees to m3nè8e tbe day-to-day opefètlons of the charity. REFEAENCE & Al)MlhllSTIIATIVE INFOAMATION TRUSTEES AND MANAGEMENT COMMifT£E OF scornsH SCHOOLS ORCHESTRA TRUST SCIO Trustees.. MANAGEMENTCOMMIITEE.. SC0509341= PRESIDENT.. VICE PRESIDENr.. PATRONS: DIRECTOR.. SCOThISH SCHOOLS ORCHESTRA TRUST SCIO TRUSTEES, REPORT (cont.) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 5 REFEREIICE & ADMINISTRATIVE INFORMATION Icont.I REGISTERED OFFICE.. 4 Strathearn Road Clarkston. East Renfrewshire. G76 Try CHARITY NUMBER.. Scottlsh Schools Orihestra Tfust SCIO SC050934 INDEPENDENT EXAMINER: £countin¥ Imite 3 Melville Crescent, Edlnburgh, EH3 7HW TRUSTEES, RESPQNS18iunES TheTrustees 3re responsiblefor prepartn8 the Truste*s' Report and the financial statements accordan£e with applicable law and United Kingdom Accounting Standards IUn¥ted Kingdom Gener311y Accepted Accounting Pra¢ticel. The law applicable to charities in Scotland. the Charities and Trustee Investment Ikotlandl Aa 2005. the Charitles Aciovp.ts (Scotlandl Regulations 2006 and the provislorys ol the Ih3rity'5 constitution req￿lre the Trustee5 to w)repare financial statements lor each financfjal year whieh give a true and lair view of the slate ol aflèir% of the charity and of the incoming resources and opplitaiion of resouices of the charity lol that period. preparint these financtal Statements. rhe Trustees are required to.. select 5Vltable ac¢ountinB policies and then applythem consistently-, observe the meth￿S and principles in the applicable Charities SORP., make judgements and estimates rhat are reasonable and prudent.. state whether applicable accounting standalds have been followed, subject to any matèFlal departures disclosed and explained in the financial starements,. preparp the finat)clal statements on the golng conctrn basls unles5 tt Is Inappropriate to presume that the charity w(11 eontinve ill operation. The frustèes are responsible for keepin8 proper actoursting records which disclose with reasonable acturaty at any time the financial position ot the charity and to en3bl¢ them to Ènsurè that the fsnanaal statemenis comply with the Ehèrities and Trusiee Investment IScot13ndl Act 2005. the Charities Accounts Iscotlandl Regvltttions 2006 and the provisions of the charity's Memorandum & Articles. They are also respor*sible for safeguarding the assets of the charsty and hence for taking reasonable steps lor the prevention and detection of fraud 3nd other irregularities. The Trustee5 are responsible for the maintenance and integrity of the charlty and financ¥41 Tnlormation Inclyded on the charity's website. Legislation in the United Kingdom governing the preparation and dlssemination of financial siaternents rnay differ frorn legislation in other jurisdlctions. Approved by the Trustees on ............. and signed on their behalf by.. rustee Independent Examlnerfs Report to the Trustees Page 6 on the Unaudited Accounts of the Scottish Schools Orchestra Trust SCIO I report on the èccounts ol the charity for the year ended 30 September 2024 which ale set out on pages 7 tL7 13. Re5pettlve responslbllltles oITn￿teeS and èmamfner The charlty's Trtsstees are r￿ponSIble for the preparatSon of the attounts in attordance with the term5 01 the Chèrities and Twstee Investment (Scotlandl Act 2￿5 and the Charities Accounts (Scotlandl Aegulatio•s 20Q6. The charity Trustees conssder that the auLIii requirement of Regulatton 10111 lal to Icl of the Accounts Re8ul3tions does not apply and that 8n independent examin•tion ts needed. It ss rr¢y responsibilityto examin¢ the accoL¢nts as reqvired undersection 4411) Icl of theAct and to strtewhether particular matters have Come to my attention. Oasis of Independent examlnerfs statemont My examination is carried outln 8ctoidaficÈ with Regulation 11 of the Charit￿es Accounts (Scotlandl 8e8ulatlons 2006 las am2ndedl. An exarnination include5 a review of the accountin8 re£ords kept by the charity and comparison of rhe accounts presented wlEh those records. li also includes considefatlDr¥ of any unusual Items or dlsclosures In the ac£ounts. and sèek9 explanatlons from the TnJsEees concernln8 any such rnatter5. The PfKedures undertJken do not provide all the evrdence ihot would be requlred In an audlt. and cortsequently I do not express an audlt opinlon on the view8lven byihe account5. Independent examlnerfs statement In the course ¢f rny examinatiort, no Matter ha5 come to rry attention which gives me reasonable cause to L7elieve that in any material respect the iequSrements'. to keep accountin6 records irk actordance wlth Section 44111 lal ol the 2005 Act and Regulation 4 of the 2006 Accounts Re8ulations. and to prepBre accounts which accord with the accountin8 records and cornp￿ with Regulation 8 of the 2006 Accounts REgul3tions have not been rnet. o¥ 2. to which. in my opinion, atiention should be drawn in order to en3t￿e a Pftsperufjder5tandirng of the acrount5 to be reached. RelevJnt Professional Body- Ihe Assoc13tion of fhartered Certified Accouii3nis Hollis A￿OUnting Limsted 3 Melvillp Crescent EDINBURGH EH3 714W Date.. SCO￿lSH SCHOOLS ORCHESTRA TRUST SCIO STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 7 Comblfted 2024 Totsl Combined Unrestrl¢ted Restrlcied Funds Funds Unre￿Il(tel Restricted 2023 Notes Funds Funds Total Incgme ffom.. Doriations and Le83cies Charitable aCti￿tIeS Investment Income 20,760 56.887 625 2,000 22.760 56.887 625 17.000 45.324 475 2.750 19,750 45.32 475 Total Income 78,272 2,000 80,272 62,799 2.7SO 65.549 endl Charitable activities ur 73,733 76,573 63.938 4,641 68.579 Total expendlture 73,733 2,840 76.573 63.938 4.641 68,S79 Net lexpendlturellin£om¢ before transfets 4,539 18401 3,699 11,1391 11,8911 13,0301 Gross rransfer between fjjthds 17311 731 12.0001 Surplus Ildeflcitl and net movement in funds for the year 3,808 11091 3,699 13.1391 109 13,0301 Reconcillation of funds Fund balances brooght forwar 30,601 IQ9 30,710 33.740 33.740 Fund balance carried forward 34,409 34.409 30,601 109 30.710 The èbove bre combined figure5, for both the current and comparative period. whith show the èg8re8ated ￿SuIts ol the kottish Schoo15 Orchestra Trust and the Scottish Schools Ofchestra Trust SCIO. The note5 on page5 9 to 13 form part of these financial statements SCOThISH SCHOOLS ORCHESTRA TRUST SCIO BALANCE SHEET AS AT 30 SEPTEMBER 2024 Pa8e 8 ComblTtred Total Funds 2024 Cornblned rot31 Funds 2023 Vnrestricted Restrirted Funds Funds 2024 2024 Unrestr&tEÈd Restrirted Funds 2023 Funds 2023 Notes Fixed assets Tangible Assets Current assets Debtors Cash at b3Trk and in hand 37.389 37,389 46,072 109 46,181 37.389 37.389 46.072 109 46,181 Llabllftles Creditors.. Amounts fallinB dL+e w*thln one year io 12,9801 12.9801 115,4711 115,4711 Net current assets 34.409 34.409 30.601 109 30,710 Net assets 34.409 34,409 30,601 109 30.710 The funds ol the thzrity: Urtrestrirted Funds General Funds Desi8nated Funds Total Unrestricted Fynds Restricted Fynd$ 17,708 16,701 L3.075 17,526 12 34,409 30.601 109 13 Total ¢barity funds 34.409 30,710 The above aft Combined fi8ures. for both the current ani4 comparative period, whi£h show the a88re8aied results of the Scottish Schools Orchestra Trust and the Scottish Schools Orchestra Trust SCIO. The fiotes on pages 9 to 13 form part of these 3Ctounts Approved by the Trustees on and signed on ihelr behalf bv". ee SCOThISH SCHOOLS ORCHESTRA TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 9 l Accountin8 Policies Accountlng conventlo The financi41 statement5 have been prepared under the hisiorical £osi £oDve#tion with items reco8r*ised èt rost or transèction value unless otherwse slzied in the relevant notElsl to these accoynts. The lin3ncial statements have been prepared In accordance MAth IhÈ St3tÈment ol Recotn¥nended Proctice.. Accountin8 and Reporting bv Charities preparln& their accoutsts in aicordance wsth rhe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 JL*ly 2014 and the Financial Reportin¢ Standard applicable in the United Kir8dom and Republic ol Irelarsd IFRS 1021, the Charities and Trustee Investment Iscotlèndl Act 21M)5 and the Chèrities A¢¢ounts Iscotlandl Re8ulations 2006135 amendedl. The SCIO constitutes a public benefit entity as defined by FRS 102. Merger a¢coufiting has been applied to Scottish Schools Orchestr0 Tnjst 4nd Scottlsh Schools Orchestra Trust SCIO. Scottish Schools Orchestra Trust ceased as 3 £hJflty OTh 3 Miy 2024 and itg assets and liabilities have been transferr¢d to S¢otti5h Sehoo15 Orchestra Trust SCIO. The ft)tr8tf method of 3ccounting has been Jpplied to rhese financial slatemenr5 3$ if the entities had èlways been ¢gmblned. The arcoynting policie5 of both charities were previously èliened and consequently there hès bÈÈn no neetl to modily any exi51sn8 accounting pollcles in £onsolidating thÈ account5. Going Coficern The atcouftts hive been prep3red ors a Eoing concern basis. The Trustees have assessed the Charitvs abilify to ¢ontirTue as a going concern and have reasonable expectatlon that the Charity ha5 Jdequète resource5 to conrinve in operational existence for the foresèeable future. There are fur¢ds currently available io meet al liabllitles when they become duo and if there aro ch3n8es In posttion rhe Trustees wlll make the necess3ry adjvstinents to ser¥i£e PTOVlSlOTI. Thus they continue to adopt the 8oinR tonctrrn basis of 6¢£ountiri8 ITr propaiin8 these accounts. Funds Unrestricted inOI Purposes of Unrestylctèd Funds Unrestrkled General Fund Unrestrirted fu￿d$ are funds which are used for the day to day running of the chhritv. Mory Cormi¢haelFund The designated fund wa5 set up by the Trustees followin8 receipt of a Segacy from Mary Carmichael in the year to 30 September 1999. It can be used to offer subsidised places at the summer School, to Commission new works, or for other pttrposes as agreed by the Yrusrees_ 13 Restrlcted Fuhds lficome Expenditure Transfer5 30 Sept 2023n4 Bursary Fund 109 2,000 12,840 731 2022123