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This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Forfar Music Group SCIO

2025-10-31-accounts

Forfar Music Group Trustees’ Annual Report 15 October 2024 - 31 October 2025

Charity contact information

JMG Group

Forfar Music Group

Scottish Charity Number: SC053701

21

Charity Trustees

Name all of your charity trustees for the period, and the date they left if they were not in post for the whole year

3]

Objectives and activities

Forfar Music Group was established with the aim of facilitating local access to the power of music to encourage artistic expression, foster community, and promote inclusion. In other words, our primary objective is to bring music closer to people in Forfar and the surrounding area, increasing their opportunities of both fruition and active music-making. By doing this, we hope to free more of people’s creativity and bring people together.

In this first year, we focused mainly on setting ourselves up for success organisationally and logistically, whilst continuing to deliver our Jam Session workshops. At the same time, we established a charity band and rana local raffle. In the near future, we will contribute toward our goal by running a number of music-related activities at our premises, making our spaces available to the community for music-related purposes and beyond, and offering access to a small music shop as well as an instrument lending library. These are only some of the ways in which we will pursue our objective.

Our spaces and initiatives are open to everyone 16+.

1

Structure, governance and management

Type of governing document

Our main document is our constitution, which we drafted in late 2024 taking cue from the Scottish Charitable Incorporated Organisation (SCIO) template. The constitution outlines our purposes and general structure, the basic rules for membership, the nature and function of the board of trustees, rules for decision-making, and administrative details of our operations.

Trustee recruitment and appointment

Current trustees were appointed when we first established ourselves as a Charity, signing the charity trustee declaration forms which accompanied the application for incorporation. No additional recruitment or changes have happened since then. Our first Annual General Meeting will provide the occasion for formalising any changes and to hold elections for the board. We hope that it will be the occasion to diversify representation within the board, compatibly with the relatively small numbers of our membership basis.

5 |

Achievements and performance

As said, this year was mostly dedicated to setting ourselves up for success. To this end, we:

6 |

oO—«_w—«€&—«i_O

Financial review

General Reserves

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Designated Funds
General Reserves
Reserves Shortfall
63.0%
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Statement of the charity’s policy on reserves

The trustees regularly review reserves, using the Reserves Policy to support both the Financial Strategy and the Strategic Plan. A risk-based approach is used to calculate an optimal amount of reserves that looks at reliability of income, costs for re-organisation of activities, and specific liabilities. Amounts are included for risks we are aware of as well as contingencies to allow Forfar Music Group to cope with unexpected costs and opportunities.

We principally hold reserves to:

8 |

The trustees have set optimal general reserves at £4,500 (2024: 0) which equates to approximately 6 months unrestricted expenditure. As at 31st October 2025, the level of Free Reserves defined as total general unrestricted funds, less tangible assets and excluding defined benefit pension obligations and long-term commitments) stands at £1394 (2024: 0), thereby below the optimal reserves figure.

In addition Forfar Music Group has designated reserves of £259 (2024: 0) and restricted reserves of £0 (2024: 0). The designated reserves are held to represent reserves that are not available for other activities since they have been allocated to specific liabilities and the purchase of assets (equipment etc) and are not available unless the specific liability reduces or assets are disposed. Restricted reserves relate to income to be used in accordance with specific restrictions imposed by funders and therefore do not form part of general reserves.

Details of any deficit

There is a deficit in the reserves achieved. Forfar Music Group is new, created on the 15th October 2024 and reserves are being built. currently standing at 37% of target and will be incrementally increased over the coming years by way of allocating an element of fund raising to the reserves.

Donated facilities and services

N/A

a)

Future plans

Our plans for next year are:

Additional information

All in all, this has been a challenging yet rewarding year for Forfar Music Group. Starting an adventure like this could never have been expected to be easy. Yet, we kept pushing through thanks to our sheer determination and the generous help of our members and the broader community, who have been incredibly generous and supportive.

We sincerely hope that in the coming years we will be able to reap some of what we have sowed in this first, foundational year, and see Forfar Music Group grow and become an integral part of the fabric of the community.

10 |

Declaration

Signed on behalf of the charity trustees:

Print name

Designation

nT.

APPENDIX 2

Forfar Music Group

$C 53701

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a" a, Receipts and payments accounts
Section A Statement OT receipts ang payments
Unrestricted Restricted Expendable Permanent Total funds Total funds last
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
9,635 9,635
legacies | pe
Grants [
Receipts from fundraising activities L426 fg. aa6 |
Income from investments otherthan | —+30 | SC
(Gross receipts trom other chantable [Cs as
A1 Sub total 11,107 11,107
A2 Receipts from asset &
Proceeds from sale of fixed assets pO
Proceeds from sale of investments po
A2Subtotal] |
A3 Payments
Expenses for fundraising activities fgg |g |
Gross trading payments 8.597 8.597
Investment management costs po ee
Payments relating directly to charitable}- | |
Governance costs: | [fo
Audit / independent examinationP| |g
Preparation of annual accountsPo [|
er
A4 Payments relating to asset and
Purchases of fixed assets Po
Purchase of investments Po
Total payments[_ot96] LE] Cd LC)
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APPENDIX 2

$C53701

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Forfar Music Group
Section B Statement of balances
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Unrestricted . Expendable Permanent Total current :
funds Restricted funds endowment endowment . Total last period
funds funds period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
B1 Cash funds Cash and bank balances at start of year | | =|
Surplus / (deficit) shown on receipts and 4.911
payments account ,
Cash and bank balances at end of year 4,911 | 4,914 |
(Agree balances with receipts and payments
accouni(s))
;
Details Fund to which asset belongs Market valuation Last year
to nearest £ to nearest £
- — —
Total
. Fund to which asset belongs Cost (if available) Current value (if Last year
Details available)
to nearest £ to nearest £ to nearest £
- _ —
Total
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
- — —
Total
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
——- —— ——
Total
Signed by one or two trustees Date of
on behalf of all the trustees Signature Print Name approval
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OSCR 2015-02-24-rp-accs-cs-version-excel-with-amended-cell / Statement of balances

2

December 2007

APPENDIX 2

Forfar Music Group

SC53701

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)

Type of activity or project supported Type of activity or project supported Type of activity or project supported Individual /
institution		 Number of grants
made		 £
Total -
If no remuneration was paid during the period to any charity trustee or person connected to a
trustee cross this box (otherwise complete section 3b)
Authority under which paid £
If no expenses were paid to any charity trustee during the period then cross this box
(otherwise complete section 4b)
Nature of transaction
Purchase ofacousticwall materials		 Number of
trustees		 £
Nature of relationship
trusteeinterest		 Transaction Balance
trusteeinterest Purchase ofacousticwall materials 4,796 0

C2 Grants

C3a Trustee remuneration

C3b Trustee remuneration - details

C4a Trustee expenses

C4b Trustee expenses - details

C5 Transactions with trustees and connected persons

C6 Other information

OSCR 2015-02-24-rp-accs-cs-version-excel-with-amended-cell / Notes

3

December 2007

APPENDIX 2

$C53701

Forfar Music Group

Additional analysis (1)

Analysis of receipts and payments

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1 Donations
Unrestricted . Expendable holmes Total current Total last
funds Restricted funds endowment endowment . .
funds funds period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
Lothian Family Trust [5,000] P5000
985 985
Total 9,635 9,635
2 Grants
Unrestricted Restricted funds Total current Total last
funds period period
to nearest £ to nearest £ to nearest £ to nearest £
Total == =
3 Gross receipts from other charitable activities
Unrestricted . Expendable holmes Total current Total last
funds Restricted funds endowment endowment . .
funds funds period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
Total ==== =
4 Payments relating directly to charitable activities
Unrestricted . Expendable Permanent Total current Total last
funds Restricted funds endowment endowment . .
funds funds period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
Total -==- =
OSCR 2015-02-24-rp-accs-cs-version-excel-with-amended-cellAdditional notes (1) December 2007
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OSCR 2015-02-24-rp-accs-cs-version-excel-with-amended-cellAdditional notes (1)

APPENDIX2

$C53701

Additional analysis (2)

5 Breakdown of unrestricted funds General Property Utilities & Rent Gen Fundraising Total Total Reserves Improvements unrestricted unrestricted funds funds last period Receipts 1,235 7300]| 1,000] |[100] 9,635 es 0pRo Oo es Receipts from fundraising activities Ppee by0Ro Oo Rs 8286| Gross trading receipts Ot Income[land] Rents[from] from investments& buildingsother than land and buildings ee be e eo o 2 s Des Gross receipts from other charitable activities es beRs 0p ub tota 1,707 7300) L000 [100| 11,107 Receipts from asset & investment sales Proceeds from sale of fixed assets Proceeds from sale of investments ub tota Total receipts 1,707 7,300 17,707] Le] Payments Gross trading payments Po 8,597 8,597 investment management costs ee Payments relating directly to charitable activities a ee S| Audit/independentexamination| ee[| | [id |CT legatosts] [TCS PT dE | |pS Subtotal |[___—599] | 8,597 |[9,196] Payments relating to asset and investment movements Purchases of fixed assets Purchase of investments Sub total

cross ref error

As described

OSCR 2015-02-24-rp-accs-cs-version-excel-with-amended-cellAdditional notes (2)

December 2007

APPENDIX 2

$C53701

Forfar Music Group

Additional analysis (3)

6 Breakdown of restricted funds

Total restricted Total restricted funds funds last period Receipts | | || Receipts from fundraising activities P| Gross trading receipts Po Income from investments other than land and buildings pO Rents from land & buildings P| Gross receipts from other charitable activities P| Sub total Ll

Receipts from asset & investment sales Proceeds from sale of fixed assets Proceeds from sale of investments

Sub total Total receipts [JULEE Payments Expenses for fundraising activities Pe Gross trading payments Fe Investment management costs Pe Payments relating directly to charitable activities Pe Grants and donations Pe Te Audit / independent examination Pe Preparation of annual accounts P| Legal costs Sub total CL Payments relating to asset and investment Purchases of fixed assets Purchase of investments Sub total

oe

OSCR 2015-02-24-rp-accs-cs-version-excel-with-amended-cellAdditional notes (3)

December 2007

APPENDIX 3

Independent examiner’s report on the accounts

V2

Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2		 Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2		 Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2		 Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2		 Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2		 Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2		 Independent examiner’s report on the accounts’s report on the accountss report on the accounts
V2
Charity name
Forfar Music Group SCIO
SC
053701
Period start date Period end date
Day Month Year Day Month Year
15 10 2024 to 31 10 2025
(remember to include the page
numbers of additional sheets)
SC
Registered charity
number		 SC
053701
On the accounts of the Period start date
Period end date
charity for the period Day
Month
Year
Day
Month
Year
to
15
10
2024
31
10
2025
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 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 In the course of my examination, no matter has come to my attention [other than that In the course of my examination, no matter has come to my attention [other than that
statement 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
unts to be reached.
Signed: ** Date:
13/12/2025
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

Only complete if the examiner needs to highlight material problems.

Give here brief details of any items that the examiner wishes to disclose