**REGISTERED CHARITY NUMBER: SC012513** 

**Report of the Trustees and** 

## **Unaudited Financial Statements** 

**for the Period 1 January 2022 to 30 November 2022** 

**for** 

**The Argyll Piping Trust** 

Azets Audit Services Chartered Accountants Exchange Place 3 Semple Street Edinburgh EH3 8BL 



**The Argyll Piping Trust** 

**Contents of the Financial Statements for the Period 1 January 2022 to 30 November 2022** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|14|
|**Detailed Statement of Financial Activities**||15||





**The Argyll Piping Trust** 

## **Report of the Trustees** 

## **for the Period 1 January 2022 to 30 November 2022** 

The trustees present their report along with the financial statements for the period ended 30th November 2022. The financial statements have been prepared in accordance with the trust deed, and the Financial Reporting Standard 102, as issued by the Financial Reporting Council, the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)  and the accounting policies set out in note 2 of the accounts. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The general object declared in the Trust Deed is 'to advance the education of the public in the art of the Highland Bagpipe and of Scottish Dancing and Folk Music'. Whilst the Trust Deed allows for the interpretation of the general object above in diverse ways, it provides for eight specific purposes which can be summarised as follows. 

For Highland Bagpipers, Scottish Folk Musicians and Dancers - 

1. To award prizes at competitions and Highland Games in Great Britain 

2. To promote teaching and learning through tuition, prizes, bursaries, scholarships or exhibitions 

3. To provide premises, instruments, equipment, amenities or services connected with teaching or learning 

4. To assist charitable clubs, societies, associations or institutions with similar objects 

5. To promote and finance competitions and in addition - 

6. To found or provide a School of Highland Bagpiping in Oban or elsewhere 

7. To contribute to charitable Scottish Regimental Funds for the provision or upkeep of a Regimental Pipe Band 

8. To take other lawful action for promotion of The Argyllshire Gathering. 

Page 1 



The Ai
Trust
ort of tbe Tiwslees
for tbe Period l Jalluar - 2022 10 30 liovembeT 2022
AcHIEVE￿￿r AI¥D PERFOILWCE
CbaTilable *rtiTritie5
Pl'piiig Coillpelitions
The Piping Tn￿t. in ¢onjwi¢tion Tile Argyllsliiie Gatlieritig. organises each year. as a principal part of the Oban
Games. one of the two pre-eii)iiieiit inieniatioiial Hig]il￿Id Bagpipe coiiipetilioiis for solo pipers in the world. In 20?2,
the 15 1st year of these events, these Coin￿titionS retttyned to tlieir tradilioIial fiill 'iii pergoIi' forn￿t. On Wethiesday
•4ih .4112ll%t 3nd Thursday 25tli Au8USt the prize ￿'1￿)erS ￿ere CJald Ifed4ii￿eJII0r Piob<?Ire<2chd .4tiPiS
Fomi¢r Winri¢rs Mar¢h StrAIIJs
Reel
'eI Me(knl
Tjie
Hi¥lilAiicl %oLiety's MacGre8or Metnoria
.4 MAILII
Stratlispey 3tid Reel
B March Stratlispev and Re
LI¢[u￿￿'￿te Cotsw¢tiUOJI
atid the Jutiior conipetilion by
PApi118 Tuition in Ar8yII Prinjary Schools
Ill 1996 the Trust exitered into an a8reement witb Ar8yll alld Bute Coullcil to support the teachixi8 of The Hi8llland
Ba8pipe ill Ar8yII Pri￿2ry schools. Siiice then dlls ￿ltIO￿l gchenke has expanded ￿eatly, and the acade￿iC year
2022123 we provided fulldin8 for tuition ill arou1￿ Oban. Mid Ar8yII. Mull. Islay. North Killtyre. Ca￿pbeltOW
Co￿al. HelenSb￿ aud Lom'er Ar8yII. We are recosnised officially by Arsyll and Bllte Coullcil as tbe prin)ary fllnder
of pipin8 ￿lti0￿ in prinw schools in tbe coullty, pn)i'idill8 fiJlldill8 in ekery prinw sclM)ol across Ar8yII where
pipxlls lessons are aNailable.
In Academic Year 2022123
1. 246 children (Up from 216 ]ast year) acTrTrss 32 prin]ary schools in Arsyll (Up from 29 last year) received tuition fro
the 6 tutoIs fi￿ded thrOll￿ the sehejne.
2. Teaebins is pIoiided usin8 face to face lessons, e-challters, outdoor pipin8 and online lessons.
8. The Tilt0￿ are sp]it as follows-
Obau & SU￿0￿￿d9 (5 primaries alld I Secondary)
Mull (3 Prinjaries and I Secondary)
Islay and North Kintyve (6 Prin)*￿e$ and 2 Secondary)
can]pbeIto￿ll & Soutb Killtyre (5 I)rIn￿e9 and I Seeondary)
Mid Arsyll {6 Thin￿leS and I Secondary)
DllllooJL Helellsbonlu￿. Luss & G￿Eloc1￿ead (7 Primaries and 2 Secondary)
The fruits of this scbejlle are noTh' clearly demollsttated both ill the deNelopJnent of pipe ballds the Coullty and in the
increase in ￿u￿￿e15 of local pIP￿S con]petin8 Wltb succe&s at the Oball Games alld d5ewhere. We are deepty watefi
to all our S￿)￿s0r5 ￿￿0 n]ake this tuition p0s￿ble.
tA)alls of sets of pjpes
The tuilion 5cbeJ]]e is focus5ed on introducing pIill]ary school clllldren to the joys of the bagpipe. The ]llajority of o
pupils ate therefore st￿1 le8Jnillg on the Challt￿. One of the Chall￿1ge5 we have faced ba5 been the (h"fficulty of
pioiidillg at reasonable cost £￿ll 5et5 of pipes for tbose ready to prowess to the real tbillg. We ￿ere therefore deh"gknted
early ￿ 2010 to receiNe a grant of £IO.000 from Awards for All Scotland wknch enabled us lo con]missioll 12 Sets of
lu.gh qual"Lty pipes ￿ld ancillary equipi]Mit wlllch ￿e llow issue oll loan to young local playus. AU 12 sets of Pipes
ai"ailable for loan were in iise t]uoughoui thi5 year tliueby allowillg both Prijnary alld High School puplls who do
ot hai"e acce&s to their pipe5 to progress from the chather to die full pipes without delay in theit developD]ent.
Bursaries for Young Argyll Pipers
Throiigli the Fund set up ill niemory of the late Twelfth Duke of Argyll. the TnTSt proi'ides discretiollary bursaries
for pl￿]}1$1￿g yowig Argyll pipers. Tliis fund proi.ides a Strea￿ of inconie from ￿.hICh antlual grants be llHle as a
C￿ltribUtio1) toward5 tuitio￿ eqUip￿ellt alld traTrel.
Volunteus
Volunteeis continue to siipport the M'ork of tlie Ttust c￿lt[IbIlI1llg sigiifLCaJlt hoijts of WOTk ￿￿￿ally. Voliuitee
support the day to (Liy woik of d)e Ttust. A niunbet of i-olunteers (excluding Trustees) hai-e worked for tlie TtUSt durll)g
the ru￿ent year and the TTUStets would like to thank thetn for theiT ini"aluable contribution.
At a Trustees meeting on 24th September 2022 a decision was taken to notify OSCR of the inteniion to wind up the
Argyll Pipuig Tmst as at 30th NofveiJLb¢r 20?2 ￿ld to dLStribute ils asse15 to The Argyllsliire Gathering Trusi SC05061.
The Aigy11511ite Gathering Ttust th'ill coiilll)ue the work of ihe tyll Piping Trust ￿hlIt having a bioader remi¢. Hugh
Nickerson The Chair of Trustees for the Atgyll Piping Trnst will beconie a Director of the Argyllshire Gathering Ttust.
Page 2

**The Argyll Piping Trust** 

## **Report of the Trustees for the Period 1 January 2022 to 30 November 2022** 

## **FINANCIAL REVIEW** 

## **Financial position** 

The accounts show a net funds outflow for the period of £39,295 (2021: net outflow of £23,310) When it was wound up the Trust had a deficit of funds of £11,598 (2021: £27,697), of which £8,829 represents the Duke's Fund which is held as an endowment. All assets, liabilities and activities were transferred to the Argyllshire Gathering Trust at the 30[th] of November 2022. 

## **Principal funding sources** 

The activities of the Trust were funded from charitable donations from The Argyllshire Gathering and its membership, from entrance fees for competitions, and from sponsorship, for both the Tuition Scheme and for the Competitions. The Trustees are deeply grateful to the people and organisations who have provided generous support during the past year. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. 

The Argyllshire Gathering Piping Trust was constituted as a charitable trust by Deed of Trust registered on 16 May 1979 with an initial sum of £100 raised from the general funds of The Argyllshire Gathering.  The name of the trust was changed to The Argyll Piping Trust with effect from 1 January 2009. 

## **Decision making** 

Responsibility for determining and managing the activities lies with the Stewards of The Argyllshire Gathering and the Trustees who are together responsible for ensuring financial integrity and compliance with the terms of the Trust Deed. The Trustees are appointed by resolution of the Stewards for the time being of the Argyllshire Gathering. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.  The Trustees have considered the risks inherent in the operation of the Trust, the main one of which is the possibility that insufficient sponsors can be found to support its activities in the longer term future. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Charity number** 

SC012513 

## **Principal address** 

## **Trustees** 


## **Independent Examiner** 

Chartered Accountants Exchange Place 3 Semple Street Edinburgh EH3 8BL 

## **EVENTS SINCE THE END OF THE PERIOD** 

Information relating to events since the end of the period is given in the notes to the financial statements. 

Page 3 



The Ai.
Ti'ust
OTt of tbe Truslee5
for tbe Period l 2022 10 JO November 2022
Appmved by order of the ly)ard of ¢rnstees on 15 November 2023 and signed on its behalf by..
Page 4

## **Independent Examiner's Report to the Trustees of The Argyll Piping Trust** 

I report on the accounts for the period 1 January 2022 to 30 November 2022 set out on pages six to fourteen. 

## **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 Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. 

## **Basis of the independent examiner's report** 

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention : 

- (1) which gives me reasonable cause to believe that, in any material respect, the requirements 

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and 

- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations 

I would highlight that, as disclosed in the notes to the financial statements, the charity’s trustees notified OSCR of their intention to wind up the charity’s activities as at the 30[th] November 2022. The application was subsequently approved by OSCR and the charity’s activities, assets and liabilities were transferred into the Argyllshire Gathering Trust. Following that transfer the charity is no longer active. 

No other matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. 


Azets Audit Services Chartered Accountants Exchange Place 3 Semple Street Edinburgh EH3 8BL 

Date: ......30 November 2023p.......... 

Page 5 



**The Argyll Piping Trust** 

## **Statement of Financial Activities for the Period 1 January 2022 to 30 November 2022** 

|||||**Period**||
|---|---|---|---|---|---|
|||||**1.1.22**||
|||||**to**|Year Ended|
|||||**30.11.22**|31.12.21|
|||Unrestricted|Restricted|**Total**|Total|
|||funds|funds|**funds**|funds|
||Notes|£|£|**£**|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||**7,572**|**23,065**|**30,637**|41,792|
|**Charitable activities**|3|||||
|Piping & Highland Games Competitions||**4,163**|**-**|**4,163**|(941)|
|**Total**||**11,735**|**23,065**|**34,800**|40,851|
|**EXPENDITURE ON**||||||
|**Charitable activities**|4|||||
|Schools Tuition Scheme||||||
|||**18,768**|**27,065**|**45,833**|50,000|
|Piping & Highland Games Competitions||**26,096**|**-**|**26,096**|14,161|
|Other||**2,166**|**-**|**2,166**|-|
|**Total**||**47,030**|**27,065**|**74,095**|64,161|
|**NET INCOME/(EXPENDITURE)**||**(35,295)**|**(4,000)**|**(39,295)**|(23,310)|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||**14,868**|**12,829**|**27,697**|51,007|
|**TOTAL FUNDS CARRIED FORWARD**||**(20,427)**|**8,829**|**(11,598)**|27,697|



The notes form part of these financial statements 

Page 6 



The Ai.
Ti'ust
Balallre Sheet
30 Noi'ember 2022
30.11.22
31.12.21
Totsl
fimds
Untestsicted
fi)nds
Restricted
funds
rund$
Notes
CURRENf ASSETS
Debtors
Cash at bank
25.933
15,364
s￿29
8.829
1,562
8,829
10,391
41,297
CREDTTORS
Amounts fallin8 dlle within one year
(21989)
(21,989)
(l3:600)
NET CURRENT ASSETSIILIABILITIES)
20,427)
8J29
11,598
27.697
TOTAL ASSETS LESS CURRENT
LLIBILITIES
(20.427)
8J29
(11.598)
27,697
NET ASSETS
20,42
8.829
27,697
10
Ullrestricted fillMIs
Restricted funds
(20.427)
8.829
14,868
12.829
TOTAL FUNDS
27,697
The fillanciaL statements Trere approved by the Board of Trnstees and authorised for isslle on 15 NoTrember 2023 and
were signed on its behalf by:
The llotes forn] part of these financial statements
Page 7

**The Argyll Piping Trust** 

## **Notes to the Financial Statements** 

## **for the Period 1 January 2022 to 30 November 2022** 

## **1. GENERAL INFORMATION** 

The Statement of Financial Activities, Balance Sheet, and related notes comprise the financial statements of the Trust drawn up for the period ended 30th November 2022 

The continuing activities of The Argyll Piping Trust ('the Trust') is to advance the education of the public in the art of the Highland Bagpipe and of Scottish Dancing and Folk Music, as described in the Trustee Report. The Trust operates under a trust deed and is a Scottish Charity with registration number SC012513. The address of the Trust's principal office is 7 Fantley Lane, Silton, Gillingham, SP8 5AH. 

## **2. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements have been prepared in accordance with the Financial Reporting Standard 102, as issued by the Financial Reporting Council, the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are prepared on the historical cost basis. 

Argyll Piping Trust meets the definition of a public benefit entity under FRS 102.  Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

These financial statements are presented in pounds sterling (GBP) as that is the currency in which the Trust's transactions are denominated. Monetary amounts in these financial statements are rounded to the nearest £. 

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires trustees to exercise their judgement in the process of applying the accounting policies.  Use of available information and application of judgement are inherent in the formation of estimates.  Actual outcomes in the future could differ from such estimates. At the year end there are no areas where critical judgements or material estimates have been made. 

The accounts have been prepared for a period of 11months due to Argyll Piping Trust being wound down therefore the figures are not directly comparable to the prior year figures. 

## **Financial reporting standard 102 - reduced disclosure exemptions** 

The charity has taken advantage of the following disclosure exemptions in preparing the financial statements as permitted by the SORP. 

The requirements of Section 14 Statement of Cash Flows. 

## **Going concern** 

At a Trustees meeting on 24th September 2022 a decision was taken to notify OSCR of the intention to wind up the Argyll Piping Trust as at 30th November 2022, all assets, liabilities and activities were transferred to The Argyllshire Gathering Trust SC05061. The Argyllshire Gathering Trust will continue the work of the Argyll Piping Trust while having a broader remit. The Chair of Trustees for the Argyll Piping Trust 

will become a Director of the Argyllshire Gathering Trust. The accounts are thus prepared on a basis other than going concern. 

## **Recognition and allocation of income** 

All income is included on the Statement of Financial Activities when the charity is legally entitled to the income, receipt is probable, and the amount can be measured reliably. 

Where there are performance conditions attached to any grants and donations, income is recognised when the conditions have been met or when meeting the conditions are within the Trust's control and there is sufficient evidence that they have been or will be met. Where a grant condition allows for the recovery of any unexpected grant, a liability is recognised when repayment becomes probable. 

Where there are terms placed on income that limit the Trust's discretion over how that income can be used, that income is shown as restricted income in the accounts. 

continued... 

Page 8 



**The Argyll Piping Trust** 

## **Notes to the Financial Statements - continued for the Period 1 January 2022 to 30 November 2022** 

## **2. ACCOUNTING POLICIES - continued** 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Allocation and apportionment of costs** 

Expenditure is recognised when a legal or constructive obligation arises. Where possible, expenditure has been charged direct to charitable expenditure. 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. 

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the trust and include the audit fees and costs linked to the strategic management of the charity. Governance costs are allocated to charitable activities on the basis of expenditure and administrative activity. 

## **Vat** 

The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Financial assets and financial liabilities** 

Financial instruments are recognised in the balance sheet when the Trust becomes a party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price. Subsequent to initial recognition, they are accounted for as set out below. 

Financial instruments are classified as either 'basic' or 'other' in accordance with Chapter 11 of FRS102. The Trust only enters in to basic financial instruments. 

At the end of each reporting period, basic financial instruments are measured at amortised cost using the effective interest rate method. 

Financial assets are derecognised when the contractual rights to the cash flows from the asset to expire, or when the Trust has transferred substantially all the risks and rewards of ownership. Financial liabilities are derecognised only once the liability has been extinguished through discharge, cancellation or expiry. 

## **Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

continued... 

Page 9 



**The Argyll Piping Trust** 

## **Notes to the Financial Statements - continued for the Period 1 January 2022 to 30 November 2022** 

## **3. INCOME FROM CHARITABLE ACTIVITIES** 

|||**Period**|||
|---|---|---|---|---|
|||**1.1.22**|||
|||**to**|Year Ended||
|||**30.11.22**|31.12.21||
||Activity|**£**||£|
|Entry Fees & Admission|Piping & Highland Games Competitions|**4,163**||(941)|



## **4. EXPENDITURE ON CHARITABLE ACTIVITIES** 

||**Schools**||**Piping &**||
|---|---|---|---|---|
||**Tuition**||**Dancing**||
||**Scheme**||**Competitions**|**30.11.22**|
|Tuition Costs|45,833|||**45,833**|
|Attendants Judges etc|||12,430|**12,430**|
|Prize money & medals|||11,796|**11,796**|
|Other|||1,744|**1,744**|
|Ind Examiner Fee|200||856|**1,056**|
|Accountancy|500||610|**1,110**|
||**46,533**||**27,436**|**73,969**|
||**Schools**||**Piping &**||
||**Tuition**||**Dancing**|**31.12.21**|
||**Scheme**||**Competitions**|**Totals**|
|||£|£|£|
|Tuition Costs|50,000|||50,000|
|Attendants Judges etc|||7,331|7,331|
|Prize money & medals|||3,966|3,966|
|Other|||548|548|
|Ind Examiner Fee|200||760|960|
|Accountancy|500||640|1,140|
||**50,700**||**13,245**|**63,945**|



continued... 

Page 10 



**The Argyll Piping Trust** 

## **Notes to the Financial Statements - continued for the Period 1 January 2022 to 30 November 2022** 

## **5. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the period ended 30 November 2022 nor for the year ended 31 December 2021. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the period ended 30 November 2022 nor for the year ended 31 December 2021. 

|**6.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>Restricted<br>funds<br>funds<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>14,292<br>27,500<br>**Charitable activities**<br>Piping & Highland Games Competitions<br>(941)<br>-<br>**Total**<br>13,351<br>27,500<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Schools Tuition Scheme<br>-<br>50,000<br>Piping & Highland Games Competitions<br>14,161<br>-<br>**Total**<br>14,161<br>50,000<br>**NET INCOME/(EXPENDITURE)**<br>(810)<br>(22,500)<br>**Transfers between funds**<br>(25,000)<br>25,000<br>**Net movement in funds**<br>(25,810)<br>2,500<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>40,678<br>10,329<br>**TOTAL FUNDS CARRIED FORWARD**<br>14,868<br>12,829|Total<br>funds<br>£<br>41,792<br>(941)<br>40,851<br>50,000<br>14,161<br>64,161<br>(23,310)<br>-<br>(23,310)<br>51,007<br>27,697|
|---|---|



continued... 

Page 11 



**The Argyll Piping Trust** 

## **Notes to the Financial Statements - continued for the Period 1 January 2022 to 30 November 2022** 

## **7. ADMINISTRATION EXPENSES** 

Day to day responsibility for the activities of the Trust lies with the Stewards of the Argyllshire Gathering. An agreed proportion of the administration costs of the Gathering relate to the Piping and Dancing competitions organised by the Trust. 

Volunteers continue to support the work of the Trust contributing significant hours of work annually. Volunteers support the day to day work of the Trust. A number of volunteers (excluding Trustees) have worked for the trust during the current year and the trustees would like to thank them for their invaluable contribution. 

The Trust has no employees, and no key management personnel other than the Trustees. 

## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

## **9.** 

|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
||**30.11.22**|31.12.21|
||**£**|£|
|Trade debtors|**1,562**|16,562|
|Argyllshire Gathering Trust|**-**|9,371|
||**1,562**|25,933|
|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
||**30.11.22**|31.12.21|
||**£**|£|
|Other creditors|**21,989**|13,600|



## **10. MOVEMENT IN FUNDS** 

|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.22|in funds|30.11.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**14,868**|**(35,295)**|**(20,427)**|
|**Restricted funds**||||
|Duke's Fund|**10,329**|**(1,500)**|**8,829**|
|Schools Piping Scheme|**2,500**|**(2,500)**|**-**|
||**12,829**|**(4,000)**|**8,829**|
|**TOTAL FUNDS**|**27,697**|**(39,295)**|**(11,598)**|



continued... 

Page 12 



**The Argyll Piping Trust** 

## **Notes to the Financial Statements - continued for the Period 1 January 2022 to 30 November 2022** 

## **10. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**11,735**|**(47,030)**|**(35,295)**|
|**Restricted funds**||||
|Duke's Fund|**-**|**(1,500)**|**(1,500)**|
|Schools Piping Scheme|**23,065**|**(25,565)**|**(2,500)**|
||**23,065**|**(27,065)**|**(4,000)**|
|**TOTAL FUNDS**|**34,800**|**(74,095)**|**(39,295)**|



## **Comparatives for movement in funds** 

|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.1.21<br>in funds||funds|31.12.21|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|40,678<br>(810)||(25,000)|14,868|
|**Restricted funds**|||||
|Duke's Fund|10,329<br>-||-|10,329|
|Schools Piping Scheme||-<br>(22,500)|25,000|2,500|
||10,329<br>(22,500)||25,000|12,829|
|**TOTAL FUNDS**|51,007<br>(23,310)||-|27,697|
|Comparative net movement in funds, included in the above||are as follows:|||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||13,351|(14,161)|(810)|
|**Restricted funds**|||||
|Schools Piping Scheme||27,500|(50,000)|(22,500)|
|**TOTAL FUNDS**||40,851|(64,161)|(23,310)|



Purpose of Restricted Funds; 

The Schools Piping Scheme supports the teaching of The Highland Bagpipe in Argyll primary schools. It receives donations from charitable organisations and individuals. The scheme is administered and partly paid for by Argyll & Bute Council. 

continued... 

Page 13 



**The Argyll Piping Trust** 

## **Notes to the Financial Statements - continued for the Period 1 January 2022 to 30 November 2022** 

## **10. MOVEMENT IN FUNDS - continued** 

The Duke's Fund was founded in memory of the late Ian, Duke of Argyll to provide a piping bursary to promising young Argyll pipers. 

## **11. RELATED PARTY DISCLOSURES** 

At the period end, included in other creditors was a balance of £12,566 due to the Argyllshire Gathering Trust. The Treasurer of the Argyll Piping Trust served as a director of the Argyllshire Gathering Trust during the year. 

## **12. POST BALANCE SHEET EVENTS** 

The Argyll Piping Trust activities were wound up as at the 30th of November 2022. The charity trustees notified OSCR of this intention, the application was subsequently approved, and the chanty's activities, assets and liabilities were transferred into the Argyllshire Gathering Trust. Following that transfer, the charity is no longer active. 

Page 14 



**The Argyll Piping Trust** 

## **Detailed Statement of Financial Activities for the Period 1 January 2022 to 30 November 2022** 

||Period||
|---|---|---|
||1.1.22||
||To|Year Ended|
||30.11.22|31.12.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Contributions & Covenants|**672**|690|
|Donations & Sponsorship|**29,965**|41,102|
||**30,637**|41,792|
|**Charitable activities**|||
|Entry Fees & Admission|**4,163**|(941)|
|**Total incoming resources**|**34,800**|40,851|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Schools Piping Scheme Tuition|**45,833**|50,000|
|Attendants, Judges & Share of Games Costs|**12,430**|7,331|
|Prize money & Medals|**11,796**|3,966|
|Sundries|**1,744**|548|
||**71,803**|61,845|
|**Support costs**|||
|**Finance**|||
|Bank charges|**126**|216|
|**Governance costs**|||
|Accountancy|**1,110**|1,140|
|Independent Examiners Fees|**1,056**|960|
||**2,166**|2,100|
|Total resources expended|**74,095**|64,161|
|**Net expenditure**|**(39,295)**|(23,310)|



This page does not form part of the statutory financial statements 

Page 15