Charity Registrati¢)n No. NICI 01109 (North¢rn Irelancl) Coinpany Registrktiott No. N1620647 ARMAGH PIPERS CLUB (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMINTS FOR THEI YEI AR ENDLD 31 JULY 2024
ARMACYH PIPERS CLUB (A COMPANY LJMITFD BY GUARANIEI E) CIIARITY INfiORMATION 'ri'ustees B¥rnildotte C'dmpbcll David I,'laiiagyaii Eitliiie Valloly i)Iiilip R¢a Rutli Achcsoii Sioblian S¢owcroft Tliomas Sinytli John B Vallely Juditli Mccleiiahan SecrL4tary Liaraii O Maoiain Company niinibor N1620C)47 ClIArlty nuinbL*f NIC101109 IILgistere<l offi¢¢ 12-14 Victoi'in Sti'eet Ai'niagh BT619DT J'ndepondeiil exaiiilner P(iM Cl)artered Accouiitants 12 Windsor Aveiiii Liirgan B'I'67 9BG BAnl£ers Ulster Bank 7 Upper Eiiglisli Str¢¢l Armash B'1'617BL Businoys Addroys Aoiia&li Mliaclia 74-76 Uppei. Englisli Sti'eet Arinagli BT617LG
ARMAGH PIPEI R,S CLUB (A CnMPANY LIMifLD BY GUARANTEE) C<)NTlI NTS Pag¢ Chiii'iiy Infoi'ination Ti'ust¢ics' report Indcpeiid¢iJt exaiiiin¢i's' Irpoit Stateiiieiil. ot tiiian¢iJl activities (includi11g Iiicoino and Expciidituit AL'coiint) Bala11cc s'li¢¢t 9- 10 Notes to tlie financial stu£¢meiits
ARMAGH PJIJERS CLUB
(A COMPANY LIMITfi D BY GUARANTEE)
TRUSTEES? ANNUAL Rlt PORT (INCLUDING DJRFCTOIIS, Rfi,PORT)
FOR THL YII AR ENDLD 31 JULY 2024
'ri)e ti'ustees (wlio Ai'# al%() directors of ihc cliai'itable LQlDpany foi. thc pui'po.4L's of coinpuiiy law), preSLlIt tlieir
rcpoit #lid iiidepeiidvntly ¢xuiniiied l iiiaiicial stateiiionts for illo your ¢ndcd 31 July 2024.
I'lio trustce.s confirin tl)ttt tlio Ai)nual Iloport aiid Finaiicial Statemeiits of tlie CC>illpaiiy ¢
ARMAGII PIPERS CLUB (A COMPANY LIMITfD IIY GUARANTII f) TRUSTEES, ANNUAL REPORT (INCLUDINC DrI CTORS, REI PORT) (Coiitiiiued) FOR'I'Hf Yli AR fNDED 31 JULY 2024 {b> an Aitistic Pi'ogi'ain tliat will iiicliidc all 01. 1< iiy of tlic followiii8', (i) tli¢ Iiiiiiual Willium ICciiii¢dy Piping Fosiival; {11) uill¢ai)ii i)ip¢ Inakiiig workshop8) Ptovidiitg education and tLlitioii iii pipe makiii&¥' And Ixaiiit¢nan¢e' (ill) proinoting Aiid pre*enting concerts, mast¢r-clas$os, 8¢s.sion% and otliei. eveiits; {ivl pi'ovidiiig local Inusi¢ians witli work expcriciio¢, ¢arc¢r oiihanLemeiit lind piY)fessional eii8ag¢in¥iit oppoituiiities; (v) developing liiiks and worl(iiig iii partliehip witli otliei. cultiiral oi'gaiiisations 'rh¢ trLlStee$ coiifirin tliat tliey liav¢ had I'e8ai'd to tlie giiidaiic¢ issued by tl)¢ Charity Coiiiiiiissioii oli publi¥ beiiefit. Achievenicnls Jn(I PcrformHn¢L Tlii% is ili¢ ¢iglilli year of tradiiig for Ai'magli Piptsbrs Club us a coinpany liinit¢d undei, &iiioi'ai)ie¢, Tlie cliarity niade A iiet inflow of funds dui'iiig Ilie year ended 31 July 2024 of £21,885. lil tlie yeai. iilldci. I'eview tlic cSiurity qaw u further i'ccovoiy iii ciii'ollinent iii tlie educatioi) pi'ograni, to over 216 al tlie liiglie%t p()iiiL aiid soinc 946 hours of toaLliing wei'v delivered. Tlie Wi Ilittin Kciiiicdy Pipiiig Fe¥tivlll I'etui'ned in Novenibcr 2023, witl) ovci. 41 musicians lul(ii)g pait, Duriiig tli¢ y¢ar, four T4oiin Friday Coiiccits wci'e oi'gaiiised fc¢lturi118 Vysltiiig artists, uloii8 Wltli a cai'ols ¢oiiceit, a Biii'iis Night Gelcbi'atioii, tlie Cliib's Aiiiiuttl Conceil, six faniily ¥essioiis aiid ¢vcnts markiiig Internatioiial Uilleaiin Pipiiig Day aiid Natioiial Horp Day, Flnancial Il¢Yliw Tli¢ balllncc on tl)e si¢noi'al fuiid at 31 Jiily 2024 was £42,82C), G¢iiei'al Fuiid.g ai'¢ iiiii'esti'i¢t¢d tunds wlii¢li ar¢ available foi, usc at the discrotion of th¢ Trustees in fiirtli¢i'aiiL'¥ of the geiici'al objectives of tli¢ cljarity und wliicli liave not b¢tsn d¢sigiiated for otli¢i' purpos¢s, 'riie balaiice on tli¢ resti'ictcd fuiid at 31 Jiily 2024 was £NIL. In addilioi) to iiicoiiie geii¢iat¢d fi'oin tiiitioii fe¢s, the pi'incipol fiiiidiiig iii thc yQdl' Iind¢i' I'cview WAS d¢i'iY¢d froiii grant aid from the Aris C'ouncil of Noiili¢i'ii Irelaiid's Loll¢ry fundiii&. ot. tlie Lott¢iy Proj¢¢t Fundiiig awui'd of £46,500, £2,325 wiis still oiitstaiidiiig as lit 31 July 2024, Ali ahiiual Sei'vi¢u IdevLI Agi'eem¢ni witli Alliiagli City, Baiil?ridge aiid Ci'uisiavon Boi'oii81i Couiicil #xpir¢d iii Api'i12024 aiid 11 IICW opciI-eiided SLA took cffe¢t fi'oin tliis dat¢,
ARMAGH PIPERS CLUB
(A COMPANY LIMITED BY GUARANI'EF)
TIIUS'I'LI [1 S, ANNUAL Rfi PORT (INCLUDING DIIIECTORS, IIEPORT) (cONTINuD}
riOII THE YEf AR FNDED 31 JULY 2024
Ariiiagli City, Baiibi'idge ai)d Craigavon Borougli Council uiid s¢v¢rAI privAto spoiisoi's provided gi'ant aid foi.
tlie 2023 Piping fi¢stival, aiid ali Aiiierican foiiiidation otfer¢d sponsoi"s1iip for tlie 2024 ¢vcnt. AltliovgFlI tli¢
Al't4 Coiinoil d¢clined to fuiid tlio 2023 f¢stiv&l, it aiYaid¢d bvrant aid ot £JJ,962 lo onubl¢ tlie Club to rciiow
its stock uf loan iiistrLiin¢iits. A turther graiit of £8,000 was paid by cont4orliuiJ) of UK arts ¢ouiiLils towavds a
i?laniied projcct to involvc young Inusioian8 from Ai'iiia811, Sky¢ lliid Poitugal,
Delails of all resii'icipd fuiids stated s¥par8tely iii thes'e accounts,
Golng Conc¢rn
'I'lJe ti'ustees liav¢ I'easoiiable oxpe¢iatsons tl)at ili¢ ¢hai'ity ¢811 continLie its opei'ations for thc foi'esceabl¢
riitui'¢, fior Iliis reasoii, tliey ¢ontinu¢ to adopt tlio going ¢onc¢i'n pi'iii¢iplc iij i)iYpariiig the fii)aiicial
statein¢iit¥,
Rlsl< Miinagem¢nt
Tli¢ Ii'iistees lillve aqs¢ssed tlit Inojor riyl(s to whiL.h tli¢ chai'itable company is expobed, to tlios¢ relfiting to th¢
opcratioiis uild fin
ARMAGH PIPERS CLUB (A COMPANY LIMITED BY GUIIRANTEE) INDEPLI NDENT EXAMINERS) REPORT TO THEI TRUSTEfi S OF ARMAGH PIPERS CLUB I report to the Charity tiust¢es on my exainination of the financial statenients of Ai'magh Pipei's Club foi. the yGar ended 31 July 2024 s¢t out oi) pages 8 to 17. R¢spectlve i'esponslbllltles of Trust¢¢y And Li xamlner As the cliarity trustees (and also tli¢ dlirctol's of the company for th¢ purposes of ¢oinpuiiy law) you are I'esponsible for tlie preparatloii of tli¢ ac¢ounts in accordance witli the requirements of tli¢ Coinpanies Act 2006, Haviiig satisfied inyself thot tli¢ Cliarity is not subje¢t to audit under charity law, and is eligibl¢ foi, iiidepeiideiit exain inatLOI), it is my Yespoijsibility to: exainine tlie accounts under section 65 of tli¢ Cliarities Act (Northem Ireland) 2008. follow tlie procedurgs laid down In tlie g¢iiei'al Directi011s given by tli¢ Charity Coinniission for Northei'ij Ii'¢land und¢r section 6S(9)(b) of the Chai'ities Act and state whether paiti¢ulai' matters have come to iny attention. Ba¥iY of independent exainlii¢*¥ report I liave examined your ¢hai'ity a¢counts as required undei. sectioii 65 of tlie Charities Act aiid Iny ¢xainiiiatioii wa5 cari'ied out iii accoi'daiice witly the general Dii'ectioiis giveii by the Charity Coinniission for Noi'tl)erii Ii'elaiid linder sectlon 65(9)(b) of the Cliai'ities Act. The examinatioii iiicluded a review of the dccouiitlng Ircords kept by the cliai'ity and a ¢oinpHrisoii of tlie accounts presented witli t1105e i-ecoi'ds. It also included coiisideration of any ui)usual items or disclosui'es in the accounts, and seelcing explaiiations from you as cl)arity trustees con¢erning any such mftttors. My l'ol¢ is to state wlietliei. aiiy matei'ial matters have come to my attention giving ine ¢aiise to believe: l. Tliat occountiiig records wei'e not kept iii accord&iice with section 386 of tlie Companies Act 2006 2. Tliat the accouiits do not accoi'd with tliose accounting I'ecords 3. Tliat tlio accounts do not coinply witli th¢ acoouiiting I'equiMeI1ts of the Chariti¢s Act aiid witli the m¢thody and principles of ilie Cliarities Statsm¢iit of Recoinmeiided Pra¢ti¢¢ applicable to ¢liarities prepai'iiig tlieir accounts in aecordaii¢e wlth the Fiiiancial R¢portiiig Staiidard applicllblo in tlie UIC aiid Republic of Ir¢laiid 4. Tliat tli¢r¢ is furtliei, information iie¢d@d foi. a piDpBr uttderstaiiding of tlie accounts to be r¢aelied. liidep¢iAdent exAmlner s statoment I Iiave compl¢ted ijiy examiiiation aiid hav¢ no concerns in r¢spe¢t of the iysatters (l ) to (4) list¢d above aiid, in Coiiiiectioii witli following the Directions of the Chai'lty Commlssion for Northern Ii'¢land, I liav¢ found no Inattei's tliat requii'e drawing to youi, att¢ntioii. Paiil McAreAvey FCA PGM Chai'tere(l Accoiiiitants 12 WindsTri' Avenue Lui'gan BT67 9BG Dgtc PGMCA Lt BELPAsr 6r9 7E
ARMAGH PERs CLUB (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIf( S (INCLUDING INCOME AND fi XPEI NDITURr ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 Unrestrled Funds R¢strlettd Funds 2024 2023 Total Totsl Note$ Incomlng resoui'c¢J from: Geiiei'ating funds Charitable activities 57,895 38,806 63,892 121,787 38,806 73,874 33,432 Total Incoming r¢sources 96,701 63,892 160,593 107,306 Resources expended on., Costs of generating funds Charitabl¢ a¢tlviti¢s 9,119 65,372 2,792 61,425 11,911 126,797 8,569 118.082 Total resources expended (74,491) (64,217) {138,708) (126,650) Net movemeiit in funds 22,210 (325) 21,885 (19,344) Total fiiiids brouglit foThard At l August 2023 20,616 325 20,941 40,285 Total funds cArri¢d forwArd Rt 31 July 2024 42,826 42,826 20,941 The stateineiit of financial activiti¢s has b¢en prepared on the basis that all opeiltions are contiiiuiiig op¢i'ations. There ai'¢ i)0 It¢ogiilsed gains or losses other tlian those passing through tli¢ stat¥ineiit of finaiicial activitles.
ARMAGII PIPLI RS CLUB (A COMPANY LIMrrF.D BY C'UARANTEL) BALANCC sTrifi E4 T AS AT 31 JUI,Y 2024 2024 2023 Note FiXt(l #ssets 'I'nngible Iisstls 34,789 27,999 Luri'eiit n8SQt8 Debt(Irs La¥h at boiik and iii liaiid 5,806 3S,111 14,236 40,917 14,236 Crcditoi's; am(>iints fAIIIIi d lie wltlilii onL' y¢ai' 10 (23,944) (20,334) Nel ciii'venÉ a&setsl(lifjl)ilytics) 16,973 (C),098) 'oIAI ns5e14 les& current IIAbllitic 21,901 Ci'eillloi's4 iiitsuiils folllM£ due after more tliAn oJiL' yeai. (8,936) (960) Nct iiss¢ts 42,826 20,941 Fuii(15 Uiiro&lriL'ied fiiiids Rtttsiricted flind.4 42,826 20,616 325 Totttl funds 42,826 20,941 'or the fiiiaiieial ycni. ¢nded 31 July 2024 tlie coinpaiiy wa.% ¢iititl¢d to exeinption froni audit undci. scction 477 of tlic Coini)aiiies Act 2006 1'¢latiiig* to sinall L'oinpani¢s. 'I'li¢ iiieinbei's have not I'eqiiired tli¢ coinpany to obtaiii ali audit of its fiiiancial stAt¢meniS foi, Lli¢ yeai. iii qiicstioii iii accoi'daii¢¢ willi sts¢tioii 476. Tlie 'fi'iisleos a¢kiiowledg¢ tlieir rLJspoiisibil itie8 for coinplyiiig with tlie reqiiii'einents of tli¢ CoinpaAies Act 200() Witli ¥cspcct to accoiiiitinLy I'ecoiils aiid tlie pi'epai'lltioii of f inuii¢ial stateiiittiits. Tlics¢ fiiiaiicial staleiiieiits Iidve been pi'eparcd iii aL'cordancc wilh tlie pi'ovisions #ppliL'ablo to L'oiiii)anie. giibject to tlie small Coiiip£iniL's r¢gim¢.
AIIMAGII PJPERS CLUB (A COMPANY LIMITED BY GUARANTEf) BALANCI SHEET AS A'f 31 JULY 2024 (CONTINUED) 'riie financial statemeiits. wcre approved and authori%ed foi. issuc by the Bo*li'd on aiid ai'¢ sign¢d its bchalf by: John B V4lliiy Trustlse Company Iloglstrotion No. N1620647 io
ARMACH PIPERS CLUB
(A COMPANY LIMITED BY CYUARANTFE)
NOTEI S TO THE bINANLIAL SI'ATLMEI NTS
OR THE Yf¢AR FNDID 31.JULY 2024
l Accountin% poli¢ie
1.1 Chlli'ity infoi'mAtli>n
Ai'inagli Pii)Irs Club is a pi'ivate cliaritable company limited by ¥u&raiittte, in¢orpoi'a£cd in North¢m
Ireland. 'fh¢ rG¥is't¢i'¢d offic¢ is 12-14 Victoria Street, Arinagl), BT619DT aiid tho Gompaiiy
I'ogyisti'utioii iiunib¢i' is N1620647,
Tli¥ ¢h#i'ity is a public b¢nefit ¢ntity as d¢fLncd by FRSI 02.
1,2 Basis of pj'cpai'atioii
Tlie tiiian¢ial slateinents liave been prcpai'ed in accoi'dance witli tlie C'oinpaiiies Act 2006, tlic Stotcinoiit
of R¢¢oiniii¢i)ded Pi'actice: Accounting aiid R¢porting by Chlrf ritie¥ preparingy tlieii, accounts iii
accordaiice with tlie l..'inaiicial R¢poi'ting Sthiidui'd appli¢abl¢ iii tli¢ UK and Republic ot'Ii'olaiid (FRS
102) issu¢d iii Octob¢r 2019 und tlity FinanLial Reporting Standairl appliciiblc in th¢ UiiitLd Kiiigdoin
nd R¢public of Tirlaiid (FRS 102) aild tli¢ Cl?ai"iti¢s Act (Nortliern Irelancl) 200% and UIC G¢n¢rally
AccLpted Accoiititiiig Pi'actic¢.
Tliese fii)aiicial .stllteiiieiits lillve beeli prepai'ed oli a gotng CL)ncern basis Iindor tli¢ Iiistorical cost
coiiveiilioii. 'I'lic fiiiaiicial stfttcmeiits Iinvc bccn prcscntcd in stcrlii)g, wliicli is tlie fuiictioiial cui'reiicy
of ilie cliai'ity,
'rhL l)riiicipal accoiii)tiiig poli¢i¢s adopted ai'c set out below.
1.3 Xlun
ARMAGH PIPft IIS CLUII
(A COMPANY LIMITED BY GUARANTfi l)
NOTE4 S TO THE FINANCIAL STATEMf.NTS (CONTINUED)
FOR THE YL¢ AR ENDEI D 31 JULY 2024
1,5 Incnine re¢o%nitioii
AII iii¢oini118 1'esoui'c¢s are included iii tlie Staicm¢iit of Finaii¢ial Activitiets (SOI',A) wlieii tlie cl)ai'ity is
legally entitled to the iiicoin¢ aft¢r any perforinan¢¢ conditioiis liav¥ boen iiict, tli¢ uinount caij b
IM¢asurcd reliably aiid it is piDbftbl¢ that the iii¢oin¢ will be Ir¢¢ive(I,
Income t'i'oin govci'iiment and otlier grants al'e recogiiis¢d at fail. vali1¢ wlieii tlie L'liai'ity lias ¢iititl¢m¢iit
uft¢i' any pei'forman¢¢ conditions liav# beeli met, it is probable that tlie incoin¢ will bL received and the
aniount ¢an be Ineasui'¢d I'cliably. If the entitl¢ni¢nt is not mct tli¢ii th¢5¢ anyounts al'e d#fei'i'¢(l.
Capital groiiis ar¢ I'¢l¢ased to tlie sofA iii liiic witli the ¢xp¢cted u5efiil life of th¢ asset.
Donated fnciliti¢s aiid doiiat¢d professional serviccs ar¢ r¢¢ognised in incoiiie at tlieii. fair value wlieii
tli¢ii' e¢ononii¢ bvnofit is probable, it can b¢ mea8ured iyliably lliid tlie cliai'ity ha?• collii'ol over ihv itL*m.
T,'aiY valLl¢ is d¢teriMined oi) tlie basis of the valiie of the &iitl to tlie Gliurity. foi. cxampl¢. th¢ Hinount tli¢
chai'ity woiild be williiig to puy in thL opon Inarket foi. such fdcilitie% uiid &¢i'VAL'eS, A coi'resi)ondii)g
uniouiit 18 rLco8nis¢d in expciidituru.
No ainouiit 1,5 included in tlie fiiiancial statvinent% foi. voluntLer liinL iii Rliie with tlie SORP.
1.6 [1 xpendlture reLogniÉlon
All expeiiditui'e is accounted foi. on an a¢criiHls bllsis aiid has beeii GIRssitied undel. lielldingys tlinl
aggregAt¢ all costs related to th¢ catcgoiy. Fjxpendilui'e 15 iecognisL'd whor¢ th¢ro is a legal or
Coiistructivc obligation to inakc payiiiLntS to third paities, it 1% plbabIe that tlic scttlcmeDt will be
requii'ed &iid tlie ainount oftlie obligalion eAii bc iiieasui'cd r¢liably.
Ii'recovei'able VAT is cliarged as uii ¢xp¢nse agaiiisl th¢ activity foi. wlii¢h L'xp#iiditiir¢ Lll'O8¢.
1.7 Ca¥li aiid cAsli equiv#l¢nts
Cai>h aiid cash ¢quivaleiit& ai'¢ busi¢ finaiicial as$ets and incliide ¢asli iii liaiid, dci)osits liel
ARMAGII PIPERS CLUB (A COMI>ANY LIMI'I'fD BY CUARANTEE) NOI'LE S'I'O THE FINANCIAL SIAIIIMF.NTS (CONTINUED) FOR THE YLI AR ENDLD 31 ,IULY 2024 1.9 Impiiirineiit Ass¢ts not iiieasured ai fllir value are revi¢wed foi, aiiy indiciitioii tliat tlic oss¢t iiiay bo iinpaii'ed at eacli balaiice sli¢¢t date. If suGh indi¢ation ¢xists, tli¢ recovei'abl¢ aniouiit OF tlie assei, or tlic asset'li cush yeiiei'AiinbY unit, is estiinated aiid Lonipar¢d to the carryiiig ainount. Wliei'e tlie ¢arrying ainount ¢xc¢¢ds its I'¢¢ovei'Hble llinoiint, ali inipairineiit loys is I'euogni&¢d in protit or loss uiiless the asset is coi'ri¥d at tt i'evnlu¢d anioLllIt wlie1 Llic iinpairinciit loss 1% a revuluation do¢i'oas¢. I,.In Provisions Provisioiii• ai'tt I'¥co&rnisLd wlieii thcro Is an obligal'ioii ai the balaiic¢ sli¢et date as a r#4iilt o'f& past ¢v¢nt, it is probabl¢ tliat ali outflow of ¢¢oiioinic b¢ii¢fitS WAII be reqiiired in s¢ttl¢ineiit aiid tlie niiiuunt can be I'¢liably e8tiiiiat¢d. 1,11 Forel%n curren¢y I'rAnsliition MonLiary asseL8 and liabilities deiioininated in toi'eigii ¢urrencies are tiaiislat¢d iiito st¢i'ling at tlie rates of oxcliange I'Liliiig at th¢ balaiic¢ %li¢et date. Tr<lllSACtioiis in foi'elgn curi'encies are recoi'dcd at th¢ l'ate Df excl)ange At tli¢ date Jf iransaclioii. All diffei'eiicos Hi-c t8kcii to the i?I'ofit aiid108s accouiit. 1.11 Taxation 'rho coi)Ipaiiy is exeinpt fron) Coi'poration tax, diie to ils Lliai'ilable status. 1.12 Golnky LoncL'rn Tlio fiiiaiiciiil %tateinciits linvc been pi'epmred oli a goiiig coii¢erii bll%is tlie truste¢s believe tliat 11¢) Iniitui'ial uiicertainties Lxist. I'lic triistoo% liave ¢onsidei'¢d tlic lovcl ot funds liold aiid die exp¢ot¢d l¢v¢l of iIIL'Olii¢ Aiid ¢xp¢nditiiiE for 12 inoiitlis froin aiithorising those financial statenJent&i. Tli¢ biidg¢lod incoino an(1 ¢xp¢iiditiiro and level of I'esci'ves ai'o foi, tli¢ ¢hiii'lty to bc obl¢ to coiitiiiue a8 # goiiig conccrn, 1.13 C'At411 flow %tat¢in¢nt Tli¢ Lliai'itios SOIIP 2019 re¢ommeiids thal. cash flow stateihttnts 8lioLIILI be prcpai'¢d for lai'g¢i' liaritablc eiititi¢s, lJow#ver tli* UK ac¢oLllltiiig guidelines iilso allow tor snialler ¢ntities io ¢l¥ct not to pi'odii¢e Lusli flow slat¢in¢nt8, Ai'inagli Pipers Club In¢ets tlie dofii)ition of a sinall entity in terins of the UK &Gcouiitii)g 41andttrds and tlic SORP 2019. Th¢ trust¢e$ hav¢ elected iiot to pi'ep8r¢ ¢osli flow stai¢inciits in tei'ms of pi'ovisions allowed to sinall¢r entities, ,lu(Ig¢in¢iit.8 llnd l£oy &ources of cstlniation unccYt#inty I'here ar¢ 110 judg¢inents (apai't fi'oii) thos¢ involving e8tiinates) wlii¢li liav¢ bcen Inad¢ iii the p1.oces of applyiiig tli¢ abov¢ accouiiting policies tliat havo a signifi¢dllt cffcct oli aiiiounts I'¢cogiiised in ilio fiiidiitsial %taL¥in¢iits, Tliei'¢ al'c iio key as%uinpÈtotts ¢onc¢riiiiig the future aiid otlici. key sources of ¢stiihalion iiiiCL'ltainty at tlie iLportiiig datc thic t liave a sigiiiticaiit i'islc of caiisiiig a matei'ial 1¢ djustimciit to tlie C<ll'ryiiiui aiiiouiits of a%scls <iiiLI11I2bilities withiii th¥ next tinancial year. 13
ARMAGH PIPERS CLUB (A COMPANY LIIVIX'I'ED BY GUARANTEI E) NOTES TO THF FINANCIAL STATEMEN I'S (CONfiNUID) FOR THE Y[1 fNDfi D 31 JULY 2024 3, Total i'esources UnreAÉriLtc(I Funds Rwtrlct¢¢J uiids 2024 2023 Total Total liiLoilling r¢souYces from gLinera¢ed fuiids Ai'ts couiicil of Noitliei'n Irelaiid Otlier Grants Spoiisorsliip & Donatioiis & Gift. Aid ABC Couiicil S'LA ABC Couiicil F¢stival Gi'unts Fiindraisiiig Box Of*.Ice RLturhS 49,292 49,292 20,334 13,627 30,825 1,002 7,701 20,334 13,627 13,333 13,333 14,600 1,276 9,325 7,500 14,300 1,458 11,088 J.4,600 1,276 9,325 57,895 63,892 121,787 73,874 Incon)fiiig i'esourcey fi'oill ehiiyitable fietivÉffLx$ Insti'ui)Iciit SLlieiMc Poi'forinanc¢ Fees & Servi¢g F¢¢.1 Sales of books, CD'S aiid Mcrcliftiidise xain f¢L¥s 'ruition Fetts M¢inbei'sliip F¢cs 980 2,720 980 2,710 2,790 26,285 2.119 1,1187 3,747 28,304 265 3,747 28,304 265 3,141 38,806 38,806 33,432 14
ARMAC,H PIPII RS CLUB (A CC)MPANY LIMITfD BY GUAILINTL ) NOTES TO 'fiiE NNANCIAL s'fATfME4 NTS (CONTINufD) 14OR TIIV, YF,AR ENDLD 31 I(SLY 2024 Unrcsti'i¢tLid FulldE4 Restrict¢¢l Funds 2024 2023 Total Total Rosour¢es expended Costs of geiieratlng fiiiids Accouiit#iicy Baiik Chai'ges Credii Col'd Cl)ai'giei• Depre¢iati011 2,640 497 77 5,90S 2,640 497 77 8,697 960 602 2,792 7,007 9,119 2,792 11,91.1 8,569 Cliarltable Aetivltle Aiti$t8 F#e% Tutov And Coiilractoi'.s lLes SeCrLtai'Y fe¢ Fxains f4ees Veiiuc Costs Otli¢i' ofrice Co.%ls l-'estival Expciises APC Onliiie Operatioi)s Relit Overlicads (i51giirhiice, ulililics) Adin in, postagye aiid ti'av¢l ¢xpei)seg Adv¢rtisiiig aiicl printiiig 331 2,120 31,858 12,847 2,451 3.1,858 22,025 3,716 6,821) 20,910 28,530 22,899 3,162 20,330 3,33() 1,181 1,562 9,178 3,716 6,829 )56 22,532 1,078 15,424 3,211 705 1,412 14,600 37,132 1,078 15,424 3,211 705 1,41.2 13,328 2,844 65,372 61,425 126,797 I l 8.082 Tlie Inaiiagein¢iit aiid Iidiiiiiiistration ¢xpenses hav¢ beon appoitioned b4Jtwe¢n ¢ii¢li cliiii'it&bl¢ activity oil tlie saints ba8is as ili¢ ixp¢ndituro incui'rcd dii'¢¢tly in undertakiiig th&t activity, 15
ARMAGH PIPERS CLUB (A COMPANY LIMITED BY GUARAN'I'[I ri, NOTES TO I'HE FINANC'IAL STATEMENTS (COPITINUED) FOR THI YF.AII ENDED 31 JULY 2024 Iiidcpendent L'xamincr s reniuiici'ation The iiidopeiid¢nt exaiiiiiior's reinuiieration alllOLints io an indepciid¢nt exartiination fee of £1,500 plus VAT, S. Ti'uyt¢os' r¢muiiLS1'Ation Noiie of tlie Trii8te¥s (or any persoii ¢oiiiie¢ted witli th¢i)i) receivod any Irinuiicralion dui'ing tlie yoar ¢iid¥d 31 July 2024 (2023 - £nil). 6. TruJtee24' expoiiyes Tlie I'i'ustces reccived no p&ym¢nls for expoiis¢s dui'iiig tlic yeai. ended 31 July 2024 (2023 - £nil). 7. .Eniploye¢s Tlie average iiuinber of ¢inployees duriiig tlie ycar eiidod 31 Jul 2024 was nil. (2023,, nil). 8. Taiiglble fixLd assets FixtiirLhy Ilii<l rittlngs (iuii)mLJnt Tuliil At l Augiist 2023 Additioii% At 31 Jiily 2024 D¢i)i'eL'iAtlon At l August 2023 Cliai'ge for th¢ y¢ar At 31 July 2024 CArryiAJg ainount At 31 July 2024 At 31 July 2023 17,544 57,474 75,018 13,8lO 747 33,20¢) 47,019 9. Debtors 2024 2023 Cjl'aiits #lid repayiii¢iit 16
ARMAGH PIPERS L'LUB (A COMPANY LIMITED BY GUARANTEL) NOTLt S TO THE TrINANC'IAL SI'A'ffMf4,NTS (CONTINUED) FOR THEI YF.AR EI NDEI l) 31 tULY 2024 11). Croditfir.¥; umvunls fAllillg di1¢ wi£hlii tsiie yoiir 2024 2023 Ci'edii cai'd Poi'foi'inance f¢es Defcrr¢d iiicom# A¢¢ival8 60 600 21,484 20,334 I I, Credltoi's: #inounts falling duo After more tlian one year 2024 2023 Ae¢iYals aiid dcfcrrcd iiicoinc 960 960 12. Analysis of net xsget% b¢liveen fuiids Uiireytyictcd Funds Reytrftcteil riunds I'otal ri unds 'I'angible agsets Current asscts Ciii'i'¢iit liabil iti¢s Non-ciiri'¢iit liobilities 23,619 21,667 (2,460) 11,170 19,250 121,484) 34,789 40,917 (23,944) 13. M¢mbor$'114bllfty Tlie ¢oiiipaiiy is liijiite(I by 8iiaraiiie¢, iiot liaviiig a ¥liar¢ capital and conscqiiently tlie liability of m¢iiiber8 is liiiiited, &tibJ¢¢t to ali UEid¢rtakiiig by oacli In¢inbei' to coiiti'ibiit# to Ili¢ Iiet assets oi, liabilities of tlie oiiipany oli windi1)8 up su¢lI ainouiitts as Inay be rcquii'ed i)ot ¢x¢eediiig £ l ¢a¢li. 17