TRUSTEES’ ANNUAL REPORT
The Trustees have pleasure in presenting their annual report and financial statements for the Charity for the year ended 30 June 2024.
Registered Charity Name Charity Registration Number
Perth & Kinross Music Foundation – SCO 27457
THE TRUSTEES
The Trustees who served the Charity during the reporting period were as follows:
Mrs M MacKinnon (Chairperson)
Mr A Mitchell (Vice Chairperson)
Mr N Copland (Treasurer)
Ms L Paterson
Mr G Murch
Selection was by way of personal approach
SECRETARY
Mrs Sheila Herron
INDEPENDENT EXAMINER
Mr Scott Walker, CPFA BA
STRUCTURE, GOVERNANCE & MANAGEMENT
The Charity was established in 1998 and is governed by, and in accordance with, its constitution which was reviewed andupdated in February 2020. The updated constitution document was approved by OSCR in March 2020.
OBJECTIVES AND ACTIVITIES
The objects of the Charity are to raise funds to pay the fees charged (or associated costs incurred) by Perth & Kinross Councilfor instrumental music tuition fees, and/or attendance at Central Groups. We aim to fund fees charged to young musiciansacross the Perth & Kinross Council area who come from financially challenged families, and support the Instrumental MusicService to provide music tuition for all Perth & Kinross school children. To further these objects, we aim to obtain grant funding(where possible), seek donations, and organise fund raising events. In January 2019, Trustees agreed to establish a Reserve Fund up to an initial maximum value of £25,000 to meet unanticipated future events. The full Policy is set out on page 8 of thisdocument.
ACHIEVEMENTS AND PERFORMANCE
Fund raising events generated £0 (2023 £zero). Gift Aid Recovered from HMRC totalled £163 (2023 £646). Donations received amounted to £1,932 (2023 £652). Grants received from Trusts/Awarding Bodies totalled £0 (2023 £zero).
During the year, grants totalling £18,790 (2023 £14,999) were paid out. This sum covered the grant paid to the InstrumentalMusic Service to support the increase in young people applying for tuition, following the abolition of fees by theScottishGovernment from August 2021. Perth & Kinross Council has confirmed that music tuition fees were formallyabolished by them from August 2022.
FINANCIAL REVIEW
The net outgoing resources for the year ended 30 June 2024 were £15,651 (2023 outgoing £13,226).
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PERTH & KINROSS MUSIC FOUNDATION
I have examined the Management Committee’s report, the Charity’s accounting records, the Receipts and Payments Account, theStatement of Balances, and the attached notes for the year ended 30 June 2024 of Perth & Kinross Music Foundation (CharityNumber SCO 27457) as set on pages 5 to 8 of this report.
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 TrusteeInvestment (Scotland) 2005 Act, and the Charities Accounts (Scotland) Regulations 2006. The Charity Trustees consider that theaudit requirements of Regulation 10(1) (a-c) of the Accounts Regulations does not apply. It is my responsibility to examine theaccounts as prepared under section 44(1)(C) of the Act and to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. Thisexamination included a review of the accounting records kept by the Charity, and a comparison of the accounts presented fromthose records. I also included consideration of any unusual items or disclosures in the accounts and sought explanations from theTrustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether these accounts present a ”true and fair view”, and this report is limited only to those matters set out in the statements below.
INDEPENDENT EXAMINER’S STATEMENT
In the course of my examination, no matter has come to my attention,
- Which gives me reasonable cause to believe in any material respect that the requirements
- to keep accounting records in accordance with Section 44 (1)(a) of the 2005Act 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 Accounting Regulations; have not been met: or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Scott Walker, CPFA BA Perth
Scotland
1O August 2024
