2023-09-30-accounts

CONTENTS	Page
TRUSTEES' REPORT	1-3
STATEMENT OF TRUSTEES' RESPONSIBILITIES
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS	8-15

for the year ended	30S	eptember 20	23
					Restricted
				Unrestricted	income	Total	Total
				funds	funds	funds	funds
			Note	2023	2023	2023	2022
					F
Income from
Donations and legacies
Life Membership fees				3,750		3,750	1,938
Other voluntary donations				11,580	16,084	27,664	35,004
Other trading activities
Social event income				17,450		17,450	14,440
Investments
Investment income				17,224		17,224	16,370
Total income			3	50,004	16,084	66,088	67,752
Expenditure on
Raising funds
Cost ofgenerating	donations			216		216	216
Social event costs				15,114		15,114	12,416
Charitable activities
Grants and awards			4	29,543	14,425	43,968	37,940
Other
Governance costs				2,795		2,795	11,186
Total expenditure				47,668	14,425	62,093	61,758
Net income				2,336	1,659	3,995	5,994
Net gains/(losses)	on investments		10	4,628		4,628	(36,589)
Net movement in	funds			6,964	1,659	8,623	(30,595)
Fund balances brought		forward
at 1 October 2022				408,701	14,407	423,108	453,703
Fund balances carried		forward
at 30September 2023			13	415,665	16,066	431,731	423,108

30September 2023
				Restricted
			Unrestricted	income	Total	Total
			funds	funds	funds	funds
		Note	2023	2023	2023	2022
			E		E
Fixed assets
Tangible assets		8	2,203		2,203	2,328
Heritage assets		9	59,250		59,250	59,250
investments		10	346,607		346,607	341,979
Total fixed assets			408,060		408,060	403,557
Current assets
Cash at bank and in hand			9,847	16,066	25,913	25,861
Trade and other receivables			1,398		1,398	1,000
Total current assets			11,245	16,066	27,311	26,861
Current liabilities
Creditors: amounts	falling due within
one year		12	(3,640)		(3,640)	(7,310)
Net current assets			7,605	16,066	23,671	19,551
Net assets			415,665	16,066	431,731	423,108
The funds ofthe charity
Total funds		13	415,665	16,066	431,731	423,108

During the year the Society funds:	ma	de the f	ollowi	ng	grants and	awards to institutions from unres	tricted
						2023	2022
Lord of the Isles Galley Trust						10,000	500
Moniack Mhor/Highland Book Prize Judging				Expenses		2,250	3,100
Highland Book Prize Award Argyllshire Gathering Piping	Trust & instrument				Scheme	2,000 1,500	1,000 1,500
Gaelic Books Council						1,500	1,500
Northern Meeting Piping Trust 8 Instrument Scheme MacGregor Piobaireachd Competition Expenses						1,500 1,368	1,500 1,365
Hands Up for Trad Glenfinnan Gathering						1,200 1,000	1,000 1,000
Highland Art Prize awards						1,000
University ofthe Highlands	and	Islands				750	750
Nairn Arts and Book Festival						700
Circus Artspace						600	600
Highland Art Prize Hosting	Expenses					600
Royal Scottish Academy Skye Games Highland Art Prize Judging	Expenses					500 500 500	500 500 500
Russian Arctic Convoy Museum						500
An Talla Solais, Ullapool						500
Piping Gold Medals Queen Victoria School Annual		Prize				125 100	125 100
Argyllshire Gathering Trust West Highland Museum							1,000 500
Dingwall Heritage Trail							500
						28,693	17,540
In addition, during the year	the	Society	made the following			grants and awards to institutions	from
restricted funds:
						2023	2022
						E	F
Highland Book Prize Public	Engagement					13,250	13,150
Highland Art Prize Promotion						1,175	6,400
						14,425	19,550

THE HIGHLAND SOCIETY OF LONDON	THE HIGHLAND SOCIETY OF LONDON	THE HIGHLAND SOCIETY OF LONDON
NOTES TO THE FINANCIAL STATEMENTS
for	the year ended 30September 2023
10	INVESTMENTS (all unrestricted funds)						Listed
							Investments
	Market value at 1 October 2022						341,979
	Gain on revaluation						4,628
	Market value at 30September 2023						346,607
	The Society held units in the following	investments:
						2023	2022
						Units	Units
	M&G Equities Investment Fund for Charities CCLA Charities Investment Fund					11,959 734	11,959 734
	Cazenove Sustainable (formerly Responsible)		Multi-Asset		Fund	305,481	305,481
	The total value of investments held at	30September was			as follows:
						2023	2022
	M&G Equities Investment Fund for Charities CCLA Charities Investment Fund					171,137 13,657	164,065 13,962
	Cazenove Sustainable (formerly Responsible)		Multi-Asset		Fund	161,813	163,952
						346,607	341,979
11	TRADE AND OTHER RECEIVABLES (all unrestricted			funds)		2023	2022
	Amounts due within one year
	Deposit for room hire, paid in advance Social event costs, paid in advance					1,145 253	1,000
						1,398	1,000
12	CREDITORS (all unrestricted funds)					2023	2022
						E
	Amounts falling due within one year
	Accrual for independent examination fee Social event income received in advance					1,470 2,170	1,200 1,290
	Legal advice on incorporation status						4,820
						3,640	7,310

					Baroness	Revaluation	Total
			General	Income	von Wilczek	reserve	unrestricted
			fund	fund	fund	fund	funds
				E		f.
At 1 October 2022			228,361	72,935		107,405	408,701
Incoming resources
Life Membership Other incoming	fees resources		1,875	1,875 46,254			3,750 46,254
Resources expended				(46,818)	(850)		(47,668)
Transfer between funds				(850)	850
Unrealised gains/(losses)		on
revaluation of investments						4,628	4,628
At 30September 2023			230,236	73,396		112,033	415,655

The restricted income funds are analysed as fo	llows:
		Total
		restricted
	Partnership	income
	fund	funds
At 1 October 2022	14,407	14,407
Incoming resources	16,084	16,084
Resources expended	(14,425)	(14,425)
At 30September 2023	16,066	16,066