DUNBAR MUSIC FESTIVALSCIO REPORT OFTHE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 13 JULY 2023 TO JI DECEMBER 2024 Contents I, Reference and Administrative Information 2. Report of the Trustees 3. Statement of Financial Activitles 4. Balance Sheet 5. Notes to the Flnancial Statements REFERENCE AND ADMINISTrATIVE INFORMATION Princlpal Offlce.. Re8lstered Charity Number: SC052682 Trustees: Banker5: Bank of Scotland 44 Court Street Haddin8ton Scotland EH413NP REPORT OF THE TRUSTEE5 The trustees present thelr report and unaudited flnanclal Statements of Dunbar Muslc Festfval SCIO for the period 13 July 2023 to 31 December 2024. These have been p￿pared in accordance with appllcable charities law ihe requirements of 'Accountlng and Reportlng by Charltles: Statement of Recomrnended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 01 January 20191., l. Structure. Governance, and Management Dunbar Music Festival SCIO 15 a Scott15h Charitable Incorporated Organisation ISCIOI, registered with OSCR. The charity is governed by its constitution. with a single-tier governance structure, meanln8 that ihe trustees are also the members of the charity. The charlty is managed by a board of trustees, who oversee its activitie5. ftnancial management, and strate8ic directlon. Trustees are recruited based on their skills, experience. and ability to contribute to the festival's aims. 2. Objertiv•s and Artlvlties Dunbar Music Festival SCIO'S purpose 15 to advance arts and culture by organising an inclusive annual celebration of quality music and local talent. It aims to bring high-quality live music performances to the wldest possible audlence In Dunbar and the Surrounding area5, en5urln8 accessibility to world.class muslc whlle supportlng emer8in8 and established musicians. The festival takes place In varlous venue5 acr055 Dunbar. 3. Achlevements and Performance In the 2023 and 2024 festiva15, Dunbar Music Fe5tlval succe55fully presènted a wide range of performances, featuring renowned musicians and emerging talent. The festival took place on 22 - 24 September 2023 and 27 - 29 September 2024 and included: over 40 free acts each year more free venues than prevlovs years four 501d out ticketed events two showcases of East Lothian high school talent. In collaboratlon wlth East Lothlan Councll Art5 (Euaml a busking pro8ram 4. Ananclal Revlew Income and ExPendI￿re Totsl Income for the period: £69,358 Total Expendlture for the period: £49.968 Net Surplusl(Defklt): £19,390 C1051n8 Re5erve$: £19.390 Note that the reporting period 15 the initial reporting period for the charitable company. As such the Income reflects the initial contribution by the previou5 committee as well as the income from the 2023 and 2024 festivals. The expenditure detailed reflects the expenditure from the 2023 and 2024 festivals. ReseNes Polity The trusteEs aim to maintain unrestricted reserves sufficient to cover the next yearfs festlval wlth no external funding. The re5errfe5 as of 31 December 2024 stand at £19,390, ensurin8 financial stability for the 2025 event. STATEMENT OF FINANCIAL AcfiviTIES For the Perlod 13 Juty 2023 to 31 December 2024 Unrestrfcted Funds 1£) Restrlcted Funds (£1 Totsl (£) Income & Donations 63.358 6.QJO 69,358 Expenditure 43.968 6.(IJO 49,968 Net Income/Expenditure 19,390 0 19,390 Reconclliation of Fund5 Total Funds brought Fonvard Total Funds Carrled Forward 19,390 0 19,390 BALANCE SHEEr Unrestrlcted Funds (£1 Restrlrted Funds (£) Total {£) Current Assets Cash at Bank 19,390 0 19,390 Credltors Amounts fallin8 due wlthin one year Net Current Asset$ 19,390 0 19,YJO Total A55et5 Le55 Current Liabilitle5 19,390 0 19.390 Net Assets 19,390 0 19,390 Funds Unrestricted Fund5 19,390 Restrlcted Funds Totsl Funds 19.390 The charitable company 15 entitled to exemption from audit under Section 477 of the Companles Act 2006 for the period ended 310ecember 2024. The members have not required the company to obtain an audit of ils financial 5tatement5 for the period ended 31 December 2024 in accordance with Section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for lal Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 20J6 and Ibl Preparlng flnanclal statements whlch glve a true and fair view of the state of affairs of the charitable company as at the end of each financial perlod and af its surplus or deficit for each financial period in accordance with the requirements of Sertions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financlal statement5, 50 far as applicable to the charitable companv. These financlal 5tatement5 have been prepared in accordance with the provlslons applicable to charltable companles subject to the small companies re8ime. The fl ancial Statements were approved by the Board of Trusiees and authorlsed for Issue on were Signed on it5 behalf by: Treasurer. Duntsar Music Festival SCIO NOTES TO THE FINANCIAL STATEMENTS Basls of Accountln8 Basls of prePar1r￿ the flnancl31 stalements The financial statements of the charltable companyi whlch Is a publlc beneflt entity under FRS 102, havè been preparèd in accordance with the Charltles SORP IFRS 1021 'Accountln8 and Reportin8 by Charities: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wlth the Flnanclal Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191, Financial Reporting Standard 102 'The Financial Reportlng Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006, The financial Statements have been prepared under the historical cost convention. Income All income Is recognised in the Statement of Financial Activitles on a cash ba515. Expendlture Liabilities are recognised as expendlture on a cash basls. Taxation The charlty Is exempt from corporatlon tax on It5 charltable actlvltles. Funds accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrlcted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are ralsed for particular re5trlcted purpose5, R•s•rv•$ Pollcy The trustees aim to hold reserves equivalent to 12 months, operational cost5 to ensure financial sustainability. APPROVAL These flnancial statements were approved by the Board of Tru5tee5 on p/s-li.land si8ned on behalf of the trustees by.. Traasurei, Dunbar Music Festival sao