Armagh Pipers Club
Company Limited by Guarantee
Report to the Board of Trustees on the Preparation of the Unaudited Statutory
Financial Statements of Armagh Pipers Club
Year ended 31 July 2023
As described on the statement of financi81 position, the trustees of the charty 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), statement of financial position and
the related notes.
You consider that the charity is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and from information and
expla
ations 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
Nots
Income and endowments
Donations and legacies
Total Income
81,179
61,179
46,127
46,127
107,3
107,306
112,226
112,226
Expenditure
Expendilure on raising funds..
Costs of raising donations and
legacies
Total expendlture
80,848
45,802
126,650
113,436
113,436
80,848
45,802
126,650
Net expendlture and net movement in
funds
{19,669)
325
{19,344)
(1,210)
Reconcillatlon of funds
Total funds brought forward
Total funds carrled forward
40,285
20,616
40,285
20,941
41,495
40,285
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 flnanclal statements.

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 one year
N8t current Ilabilttles
11
20,334
(6,098)
21,901
20,734
8,445
41,245
Totsl assets less current liabllltles
Credltors: amounts falling due after more than one year
Net assets
12
960
960
20,941
40,285
Funds of the charity
Restricted funds
Unrestricted funds
325
20,616
(9111
41,196
40,285
Total charity funds
14
20,941
For the year endlng 31 July 2023 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directorg, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.
The directors 8ckno¥Medge their responsibilities for complying with the requirements of the Act
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 trust&es and authorised for issue on 29 May
2024, and are signed on behalf of the tM)ard by.,
John B. Vallely
Trustee
The notss on pages 7 to 16 form part of these flnancial statements.

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2023
General Informatlon
The charity is a public benefit entity and a prtvate 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 financisl ststements 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.
Accountlng pollcles
Reconcillatlon fund grants
Reserves Policy
Having regard to Charity Commission's guidance on the desirability of maintaining a reserve to
improve the organisalion'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, unrestricted
funds of £28,000. The raduced 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 the sccount at year-
end. Efforts will be made in 2023-24 to rebuild the reserve to a level capable of sustaining
operations for several months.
Basls of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure. The financial statements are prepared in sterling, which is
the functional currency of the entity.
Golng concern
There are no material uncertainties about the charitys ability to continue.
D18closure exemptions
Amagh 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 (b) Disclosures in
respecty of financial instruments have not been presented

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 July 2023
Accounting pollcles {￿ntInued)
Judgom•nts and key sources of estimatlon uncertainty
The preparation of the financial statements requires management to make 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 accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the temis of an appeal, and fall into one of sub-classes.. restricted income funds or
endowment funds.
Incomlng resou￿•3
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 wrth the transaction will
flow to the charily 8nd the arnount can be reliably measured. The following specific policies are
applied to particular categories of income..
Income from donations or grants is recognised when there is evldence of entitlement to the
gift, re￿Ipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement 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 value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measurad. No amounts are included for the
contributlon of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted 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 8s restricted.

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (Conun(￿￿)
Year ended 31 July 2023
Accounting pollcles (contlnued)
Resources exponded
Expenditure is recognised on an accruals basis as s liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is c18ssified under headings of the statement of
financial activitiés to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activrties that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apFJOrtioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs sre 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 assets 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 r8cognised 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 result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclatlon
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 frtiing8
Equipment
200/0 reducing balance
20tsA reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, wtth the recoverable
smount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amounl, 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 {continuedJ
Year ended 31 July 2023
Accounting policles (contlnued)
Impaimient of fixed assets {contlnued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of sn individual asset, 8n estimate is made of th@ recoverable amount of the cash-
gener8ting unit to which the asset belongs. The cash-genérating 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 business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financlal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
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 liabiltties are subsequently measured at the cash or other
consideration expected 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 othernise be measured
reliably, the investment is 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 financi81 instrum@nts, 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 m8rket 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 8ub8equently measured at lair value, with any ch8ng8S
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
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 obsective evidence of impsimient, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the init181 g8in was recognised.
For all equity inslruments regardless of significance, and other financial assets that are
individually signiftcant, 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 {contlnued)
Year ended 31 July 2023
Accounting policies (continued)
Financial instruments (condnued)
Any reversals of impaiment 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 Charlty are repsonsible for the debts generated by the Charity in the event
that the charity is wound up. The extent of this guarantee does not exceed £1,
Donations and legacles
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Donations
Arts Council of Northern Ireland
Other Grdnts
Sponsorship & Donations & Gift Aid
Armagh City Banbridge & Craigavon BC SLA
Fundraising
Box Office Raturns
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
107,306
61,179
11

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (¢onllntsedJ
Year ended 31 July 2023
Donatlons and legacies (Contlnuod)
Unrestricted
Funds
Restricted Total Fund8
Funds
2022
Donations
Arts Council of Northern Ireland
Other Grants
Sponsorship & Donations & Gift Aid
Amiagh City Banbridge & Craigavon BC SLA
Fundraising
Box Office Returns
Registralion Fees & Instrument Scheme
Perfonnance Fees & Services Fees
Sales of books, CDS and Merchandise
Exam Fees
Sundry Income
Armagh City Banbridge & Cragsvon 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 and legaclas
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Costs of raislng donations and legacies - Donations
80,848
45,802
126,650
Unrestricted
Funds
Restricted Totsl Funds
Funds
2022
Costs of raising donations and legacies - Donations
57,330
56,106
113,436
Net expendltur•
Net expenditure is stated after chargingl(crediting):
2023
2022
Depreciation of tangible fixed assets
7,008
8,200
Trustee remuneration and expenses
In the year to 31 July 2023 the total amount paid to trustees of the charty was £0.,
12

Armagh Pipers Club
Company Limited by Guarantse
Notes to the Financial Statements (continuedj
Year ended 31 July 2023
Analysls of grnnts
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 was spent on tutor fees from March to June.
Armagh Cty, 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 & sound) £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
Media)
Travel grant of E1,200, received as £1,002.23 - spent on travel by three Amiagh Pipers Club
musicians to represent Ireland at the inaugural GaitaFolia piping festival in Palmela, Portugal.
The above grants were issued for Restrided Expenditure as noted,
Additional Unrestricted fundlng was issued as follows:
Armagh City, Banbridge & Craigavon Borough Council
Service Level Agreement payment8 of £7,500 (with an additional £2,500 pendlng 8t year end).
13

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (eontlnued)
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
Carrylng 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. Crodltors: amounts falling due wlthln one year
2023
2022
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
159
241
20,334
20,734
20,334
20,334
12. Credltors: amounts falling due after more than one year
2023
2022
Accruals and deferred income
960
960
13. Deferred Income
2023
2022
At 1 August 2022
20,334
20,334
14

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (Contlnued)
Year ended 31 July 2023
14. Analysis of charitable funds
Unrestrictsd funds
At
Income Expenditure 31 July 2023
At 1 August 2022
General funds
Unrestricted fund
40,285
{1)
61,180
61,179
40,284
(19,668)
20,618
(80,848)
(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
(2991
41,196
(57,331)
(57,330)
41,495
Restrlcted funds
At
Income Expenditure 31 July 2023
At 1 August 2022
Restrlcted Fund
Restricted Fund
48,127
{45,802)
325
46,127
(45,802)
325
At
Income Expenditure 31 July 2022
At 1 August 2021
Restricted Fund
Restricted Fund
55,195
55,195
(56,108)
(56,106)
(9111
(911>
15

Armagh Pipers Club
Company Limited by Guarantee
Notes to the Financial Statements (￿ntInued)
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 ass6ts
24,050
14,236
(21,294)
16,992
3,949
27,999
14,236
(21,294)
20,941
3,949
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
29,176
32,627
121,536)
40,267
3,624
32,800
32,627
(25,142)
40,285
(3,606)
18
16