COMPANY REGISTRATION NUMBER: N1620647
CHARITY REGISTRATION NUMBER: NIC101109
Armagh Pipers Club
Company Limited by Guarantee
Unaudited Financial Statements
31 July 2023
BUSINESS ACCOUNTS SERVICES
Chartered accountants
11 Abbey Street
Armagh
BT617DX

Armagh Pipers Club
Company Limited by Guarantee
Financial Statements
Year ended 31 July 2023
Page
Trustees, annual report (incorporating the director's report)
Report to the board of trustees on the preparation of the
unaudited statutory financial statements
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial activities
18

Armagh Pipers Club
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 July 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 July 2023.
Reference and administrative details
Registered charity name
Armagh Pipers Club
Charity registratlon number
NIC101109
Company reglstratlon number NI820647
Princlpal offlce and registered 12-14 Victoria Street
offlce
Armagh
BT619DT
The trustees
Bernadette Campbell
David Flanagan
Eithne Vallely
Philip Rea
Ruth Acheson
Siobhan Scowcroft
Thomas sM￿h
John B. Vallely
Judith Mcclenahan
Company secretary
Ciaran O Maoiain
Accountants
Business Accounts Services
Chartered accountants
11 Abbey Street
Armagh
BT617DX
Structure• governance and management
The charity is operated as a Company Limited by Guarantee under Articles of Association adopted on
23 September 2013.
Ils Board of between five and eleven Trustees, who 8re also the directors of the Company, is elected
by and from the membership of the charity.
The Trustees and other volunteers are assisted by remunerated administrative support including a
Company Secretary.
The current members of the Board of Trustees were elected or re-elected at the most recent General
Meeting on 18 May 2022.

Armagh Pipers Club
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continuèd)
Year ended 31 July 2023
Objectives and activitles
The Charity will apply its resources for the advancement of arts and culture, in particular the promotion
of Irish traditional music and song, including the related music of Scotland, England, Wales, Brittany,
Cape Breton and Asturias.
This will be achieved by delivering..
(a) an Educational Programme that will include all or any of the following..
lil weekly classes for the teaching of traditional music and song.,
lil) publishing and making available books, recordings and other forms of educational media to support
weekly classes;
lili> an Annual Concert and monthly Family Sessions to develop members, confidence, performance
skills and promote intergenerational learning.,
{iv) acoustic perfomiances, recitals, master-class workshops and cultural exchanges to develop
members, skills, technique and repertoire.,
{vl providing training and mentorship for tutors and students and prepare students for and facilitates
formal music examinations.,
{b} an Artistic Programme that will include all or any of the following..
li) the annual William Kennedy Piping Festival.,
lil) uilleann pipe m8king workshops, providing education and tuition in pipe making and maintenance.,
lili) promoting and presenting concerts, master-classes, sessions and other events;
(iv) providing Ioc81 musicians with work experience, care8r enhancement and professional
engagement opportunities.,
{v) developing links and working in partnership with other cultural organisations.
Achlevemants and performance
This is the seventh year of trading for Armagh Pipers Club as a company limited under guarantee.
The charity made a net outflow of funds during the year ended 31 July 2023 of £19,343.77.
In the year under review the charity saw a further recovery in enrollment in the education programme,
to over 180, and some 951 hours of teaching were delivered.
The William Kennedy Piping Festival, which had been tentatively revived in 2021, returned in
November 2022 on a more ambitious scale, with over 40 musicians.
During the year five other events were organised featuring visiting artists, along with a carols concert, a
Burns Night celebration, the Club's Annual Concert and numerous family sessions.

Armagh Pipers Club
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢onllnu8d)
Year ended 31 July 2023
Financial review
The balance on the general fund at 31 July 2023 was £20,447.
General Funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
The balance on the restricted fund at 31 July 2023 was £325.
In addilion to income generated from tuition fees, the principal funding in the year under review was
derived from grant aid from the Arts Council of Northern Ireland's Lottery funding.
However, due to a missed application deadline, the Charity did not receive its usual Lottery Project
Funding award of £46.500, but a series of smaller Arts Council grants totalling £28,500. The Charity
was obliged to draw on its reserves in order to maintain full serwices through the year, and will seek to
rebuild the reserves in 2023-24.
A Service Level Agreement with Armagh City, Banbridge and Craigavon Borough Council expired in
April and a new SLA took effect.
80th the Borough Council and the Arts Council provided grant aid for the Piping Festival, and Culture
Ireland provided a Iravel grant to enable musicians to take part in a music festival.
Details of all restricted funds are stated separately in these accounts.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 29 May 2024 and signed on behalf of the board of
trustees by..
John B. Vallely
Trustee

Armagh Pipers Club
Company Limited by Guarantee
Report to the Board of Trustees on the Preparation of the Unaudited Ststutory
Financial Statements of Armagh Pipers Club
Year ended 31 July 2023
As described on the statement of financial position, the Irustees of Ihe charity are responsible for the
preparation of the financial statements for the year ended 31 July 2023, which comprise the statement
of financial activities (including income and expenditure account), stalement of financial position and
the related notes.
You consider that the charity is ex8mpt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these f inancial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and from information and
explanations suppli
to us.
BUSINESS ACCOUNTS SERVICES
Chartered accountants
11 Abbey Street
Armagh
BT617DX
29 May 2024

Armagh Pipers Club
Company Limited by Guarantee
Statement of Financial Activities
{including income and expenditure account)
Year ended 31 July 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Total Income
81.179
46,127
46,127
107,306
107,306
112,226
112,226
61,179
Expenditure
Expenditure on raising funds..
Costs of raising donations and
legacies
Total expendlture
80,848
80,848
45,802
45,802
126,650
126,650
113,436
113,436
Net expendlture and net movement
funds
(19,6691
325
(19,3441
(1,2101
Reconclllatlon of funds
Total funds brought forward
Total funds carrlad forward
40,285
40,285
20,941
41,495
40,285
20,616
325
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 7 to 16 form part of these financial ststemonts.

Armagh Pipers Club
Company Limited by Guarantee
Statement of Financial Position
31 July 2023
2023
2022
Noto
Flxed assets
Tangible fixed assets
10
27,999
32,800
Current assets
Cash at bank and in hand
14,236
29,179
Creditors: amounts falllng due within on8 year
Net current liabilities
11
20,334
{6,0981
21,901
20,734
8,445
41,245
Total assets less current liabilities
Credltors: amounts falling due after more than one year
Nat assets
12
960
960
20,941
40,285
Fund8 of the charity
Restricted funds
Unrestricted funds
325
20,616
20,941
(9111
41,196
Total charity funds
14
40,285
For the year ending 31 July 2023 the charity was antitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small compani&s.
Directors, responsibilities..
The members h8ve not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Acl
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 29 May
2024, and are signed on behalf of the board by:
John B. V8llely
Trustee
The notes on pages 7 to 16 forni part of these flnancial statements.

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2023
General Infomiatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 12-14 Victoria Street, Armagh, BT619DT.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting pollcles
Reconclllation fund grants
Reserves Policy
Having regard to Charity Commission's guidance on the desirability of maintaining a reserve to
improve the organisation's resilience in the event of an unexpected loss of funding, the trustees
had in March 2022 designated as a reserve, within the charity's current account, unreslricted
funds of £28,000. The reduced funding from the Arts Council in 2022-23 meant that it had to start
drawing on that reserve from early June, with just over £14,000 remaining in Ihe account at year-
end. Efforts will be made in 2023-24 to rebuild the reserve to a level capable of sustaining
operaiions for several months.
Basls of praparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment propertles measured at fair
value through income or expenditure. The finsncial statements are prepared in sterling, which is
the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Dlsclosure exemptions
Armagh Pipers Club satifies the criteria of being a qualified entity as defined in FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph 1.12
of FRS 102.. (a) No Cash flow statement has been presented for the company (bl Disclosures in
respecty of financial instruments have not been presented

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Ststements (Continued)
Year ended 31 July 2023
Accountlng policies (continued)
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to mske judgements,
estimates and assumptions that affect the amounts reported, These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund aceountlng
Unrestricted funds are available for use at the discretion of the Irustees to further any of the
charity's purposes.
Design8ted funds are unreslricted funds earmarked by the trustees for particul8r future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or
endowment funds.
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity,. it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specrfic policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and enlillement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the valu& is derived from the cost to the donor
or the estimaled resale value. Donated facilities and Services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unreslricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2023
Accountlng policies (conllnuedj
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activitl8S to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitsble trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither relaled to raising funds for the
charity nor part of its expenditure on charilable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assels are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a resull of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case Ihe loss is shown within
other recognised gains and losses on the statement of financial activities.
Deprnclation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
Equipment
200/0 reducing balance
20% reducing balance
Impaimient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2023
Accounting policies (¢ontlnued)
Impairment of fixed assets fcontlnuod)
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a busines8 combination is, from the
8CqUiSltion date, allocaled to each of the cash-generaling units that are expected lo benefit from
the synergies of the combinalion, irrespective of whelher other assets or liabilities of the charity
8re assigned to those units.
Financial instruments
A financial asset or a financial liabi5ity is recognised only when the charity becomes a party to Ihe
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the Gash or other
consideration &xpected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwis8 be measured
reliably, the investment 18 subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relalionship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assels that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
10

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 July 2023
Accounting policies (contlnued)
Financial instruments (contlnuod)
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Llmlted by guarantee
The Trustees of the Charity are repsonsible for the debts generated by Ihe Charity in the event
that the charrty is wound up. The extent of this guarantee does not exceed £1.
Donatlons and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Arts Council of Northern Ireland
Other Grants
Sponsorship & Donations & Gift Aid
Armagh Cily Banbridge & Craigavon BC SLA
Fundraising
Box Office Returns
Registration Fees & Instrument Scheme
Performance Fees & Services Fees
Sales of books, CDS and Merchandise
Exam Fees
Sundry Income
Armagh City Banbridge & Cragavon BC Festival
Grants
30,825
1,002
30,825
1,002
7,701
7,500
1,458
11,088
26,285
2,119
1,887
3,141
7,701
7,500
1,458
11,088
26,285
2,119
1,887
3,141
14,300
46,127
14,300
61,179
107,306
11

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements lcontlnued)
Year ended 31 July 2023
Donations and legacies (contlnu•d)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Arts Council of Northern Ireland
Other Grants
Sponsorship & Donations & Gift Aid
Armagh City Banbridge & Craigavon BC SLA
Fundraising
Box Office Returns
Registration Fees & Instrument Scheme
Performance Fees & Services Fe8S
Sales of books, CDS and Merchandise
Exam Fees
Sundry Income
Armagh City Banbridge & Cragavon BC Festival
Grants
46,495
46,495
8,958
12,500
15
5,758
22,945
2,419
2,096
2,040
300
8,958
12,500
15
5,758
22,945
2,419
2,096
2,040
300
8,700
55,195
8,700
112,226
57,031
Costs of ralsing donatlons andlogacles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Costs of raising donations and legacies - Donations
80,848
45,802
126.650
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Costs of raising donations and legacies - Donations
57,330
56,106
113,436
Net expenditure
Net expenditure is stated after ¢hargingllcreditingl'.
2023
2022
Depreciation of tangible fixed assets
7,008
8,200
Trustee remuneratlon and expenses
In the year to 31 July 2023 the total amount paid to trustees of the ch8rity was £0.,
12

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 July 2023
Analysis of grants
Arts Council of Northern Ireland
Small Grant ACN1127279
December.
issued £10,000 which was spent on tutor fees from September to
Rural Engagement Arts Programme grant ACN1127468
issued £8,500 which was spent as
follows.. Piping Festival artist fees £4,050., artist accommodation £4,450.
Small Grant ACN1129282 - issued £10,000 which w8s spent on tutor fees from March to June.
Armagh City, Banbridge & Craigavon Borough Council
Financial Assistance Policy.. 3d International Tourism Events Fund issued £14,300 which was
spent as follows.. Piping Festival artist fees £8,480,. production (lighting & soundl £1,675.,
advertising £715., venue hire £1,030,. administration £2,400.
Culture Ireland (an agency of the Department of Tourism, Culture, Arts, Gaeltacht, Sport and
Medial
Travel grant of E1,200, received as £1,002.23 - spent on travel by three Armagh Pipers Club
musicians to represent Ireland at the inaugural GaitaFolia piping festival in Palmela, Portugal.
The above grants were issued for Restricted Expenditure as noted.
Additional Unrestricted funding was issued as follows..
Armagh City, Banbridge & Craigavon Borough Council
Service Level Agreement payments of £7,500 (with an additional £2,500 pending at year end).
13

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnued)
Year ended 31 July 2023
10. Tangible fixed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 August 2022
Additions
17,544
55,267
2,207
57,474
72,811
2,207
75,018
At 31 July 2023
Depreclation
At 1 August 2022
Charge for the year
At 31 July 2023
Carrying amount
At 31 July 2023
At 31 July 2022
17,544
12,876
934
27,135
6,074
33,209
40,011
7,008
47,019
13,810
3,734
4,668
24,265
28,132
27,999
32,800
11. Croditors: amounts falling due wlthin one year
2023
2022
Bank108ns and overdrafts
Trade creditors
Accruals and deferred income
159
241
20,334
20,734
20,334
20,334
12. Credltors: amounts falllng due after more than one year
2023
2022
Accruals and deferred income
960
960
13. Deferred Incom•
2023
2022
At 1 August 2022
20,334
20,334
14

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnu•d)
Year ended 31 July 2023
14. Analysis of charitable funds
un￿StrICted funds
At
Income Expenditure 31 July 2023
At 1 August 2022
General funds
Unrestricted fund
40,285
{1)
61,180
61,179
40,284
(19,6681
20,616
180,848)
(80,848)
40,285
At
Income Expenditure 31 July 2022
At 1 August 2021
General funds
Unrestricted fund
41,495
{1)
57,032
57,031
41,495
(299>
41,196
157,331)
{57,330)
41,495
Restrlcted funds
At
Income Expenditure 31 July 2023
At 1 August 2022
Reslricted Fund
Restricted Fund
46,127
(45,802}
325
46,127
(45,802}
325
At
Income Expenditure 31 July 2022
At 1 August 2021
Reslricted Fund
Restricted Fund
55,195
(56,1061
{56,106}
(911)
19111
55,195
15

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (¢oftllnU￿j
Year ended 31 July 2023
15. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net asset8
24,050
14,236
(21,294>
16,992
3,949
27,999
14,236
(21,2941
20,941
3,949
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assels
Creditors less than 1 year
Net assets
29,176
32,627
(21,5361
40,267
3,624
32,800
32,627
(25,1421
40,285
{3,606)
18
16

Armagh Pipers Club
Company Limited by Guarantee
Management Information
Year ended 31 July 2023
The followlng pagas do not fomi part of the financial statements.
17

Armagh Pipers Club
Company Limited by Guarantee
Detailed Ststement of Financial Activities
Year ended 31 July 2023
2023
2022
Income and endowments
Donatlons and legacies
Arts Council of Northern Ireland
Other Grants
Sponsorship & Donations & Gift Aid
Armagh City Banbridge & Craigavon BC SLA
Fundraising
Box Office Returns
Registration Fees & Instrument Scheme
Performance Fees & Services Fees
Sales of books, CDS and Merchandise
Exam Fees
Sundry Income
Armagh City Banbridge & Cragavon BC Festival Grants
30,825
1,002
7,701
7,500
1,458
11,088
26.285
2,119
1,887
3,141
46,495
8,958
12,500
15
5,758
22,945
2,419
2,098
2,040
300
8,700
14,300
107,306
112,226
Total Income
107,306
112,226
Expendltura
Costs of ralslng Gonatlons and1ogacl8s
Artisls Fees
Tutors & Contractors Fees
Staffing
Exam Fees
Rent & Venue Co¥ls
Other office costs
Depreciation
Accountancy
Bank Charges
Advertising & Pririling
Travel & Accomrriodation
Festival Costs
APC Online operations
20,910
28,530
22,899
3,162
20,330
3,336
7,007
960
602
2,844
13,328
1,181
1,561
126,650
6,280
33,100
21,313
1,944
21,206
4,431
8,201
960
428
3,923
9,923
1,727
113,436
Total expendltui?
128,650
113,436
Net expenditrire i
119,344)
(1,210)
18