Charity registion number SC012963 (Scofl•nd THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST LEGAL AND ADMINISTrATIVE INFORMATION Tru¥tM¥ (Appointed 24 March 2(r24} IAppolnted 1 June 20241 IAppointod 24 Marth 2tr241 Chl•f Ex•cutlv• ¢)ffl¢•r Charjty numb•r (Scotland SC012953 Prfn¢lpl addr• The Casue Stwlkng stirfingshlre Unrted Kjngd FK8 1EH Ind•p•nd•nt •x•mln•r Azets ALyJit Services 5 rt•fr18Ts Crmcent P•rth Lknited n10M OPA Soll¢Storn Mwray Murrny 1 Glenflnlas Street Edirt>urgh United KinoS)m EH3 eAQ InvMtm•nt dvhorn RalhttJnè6 Goorge House SO George Square Gla$9)W G2 1EH United Trfjng
THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST CONTENTS Pag• Truste88' report IndePent ex8rninerf8 report Statement of finanoal KUvlOe8 8alane• Notes to t fin•nri•l stsleffMts 7-13
THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present thelr annual report and finartlgl ternents for tm year ended 31 Auws12024. The financial slalement5 have been prepared in accordance with the accountirvj pclicies sel Dul In note 1 to th8 financial Statem and cornF4y wth the Charitls ernIng dowmenl, the Charities and Twstee Investment Iscotlgndl AGt 25. Chariknes ACCcntS (Scollandl Regulallons 2006 las amended) •nd "AccountiryJ and ReportirvJ by Charifjt¥: Stslèmenl of Rèeommwthd PAci¢é appl•bl8 lo charilies propariry th9ir a¢¢ounts in accordance wlh th• Financial R•Forb"n9 Standord 4Wicabl8 in Ihe UK and Republic of Ireland {FRS 102) {effectO 1 January 20191". Obj•¢t1 •Dd •¢t5vI$ The purposos ofth8 Tru$t are.. To sppty the Trust fijnds in sh a manner a5 the Trustees think fft for the improvern8nt, 8fficl8ncy. benefft or welfare ol Ihe Regim•nt OT wy related organi5ation IlndudlThJ any Re&mgrrtal Museum, Museum Trust orAsswiatlonl. To contributé lo thè proVIon of rncrtiational l&Slth• or to thè Ngth8atlon ol r¢cr¢&t¥)n81 aCti¥itO or to tho rellef of ary per8onl81 who are in n8•d of finana•l ¢X welfare 468istance •nd vtho or• ••rving in or vkno have served in the Regiment {irtludng deFéndent$. widowts ¢yph8n$l. To lomi, estabHsh. support, make grants to and In the fomiatkn, 8stsbll8hm•nt •rd $UF¢J(Xt of Y other tharilable Compan3, institution5, assoc441nS. Iru8ts or 30raets fomied Imth swnilqr oty•rtiv•¥. For the advancemont of the education of thts yntrrnl publi 81gnlflG•nt •¢tfvltlv Th¢ Tru8lee¥ make reg•T gr•nt to B•laklav• Cinp•ry. Sth 8att•lion. Tho Royal Rw'rn•nt of &odand aThl Tho Argyll and Suthodand Highlandors Amy Cadet Fore• and. if askèd, lo tho 7th Battalion. Th& Roy81 R•31rnonl of Scotland the Regiment As8ouation. ai well as other charilat4e organisations. Grants are av811able for Indlvlduals or (vganlsallons Ihe Tnjstses deem to fft crfleroa 8el OLrt above, InCIn9 any member of the R•gitMnl, ty any uryt thereol, and As8oclaOons vthKh make prowtsion fcf I welfaiè of members, ex-m•mbern or famlli08 of H. M. Force6 aThl rnqulre al6ne6 for their Improvomont, effic4ency, b•n•fit or weWar¢. The Trust 5UPPOrt8 aclmtles deslgned lo r818e funds for ts Tnffjt arKI ch serve lo unlle the Reglmenlal famlly, such as supporting periodic reunions, the annual dinner for forner officm of the Regiment and the Regimental Ball. Achl•v•m•nts and perforni•nc• The Trust conUnue8 to yi)vlde the ftKal nI for dl actiwti•S relatlng to1h• Reglmtt thTough a range of 8ctsvitle8 and administrative 8upporL Ttris gxtend8 lo the Arniy. and the Tru¥1 supports ceremonial and trainlng advIt& 8h ¥ the Coronafjon ol Hi¥ Majesty Tho Krig lour Royat Patr>, His Majg8ty'¥ Royal Guard at Balmoral, vi8ils to the Museum and Ca8Ué and èxpèditlon8. No divid•nd was mada to the Museum Trtt INS year grven that flnancla posthn of the Mus•um Trust did not warrant this provision. Fln•n¢lal r•vb•w Incoming resources for t ye8r ¥ £25.917 121r23' £22.265}. ResouTC8S expended were £34,947 12023.. £33.5351. leaving a surplus foi the year of £43.103 12023.. £39,009 d8ficrll after laking into ac£ount the gainn08s on investments. The gain on Investn)ents totslled £52.133 (2023.. £27,739 )). fvnds at 31 August 2024 were £627,84912023.' £584,746). Rètserves pollcy The policy of the Trustees is to build up free reseryes to enable the TruBt to fijffil its gbiectives and en8ure )7nanu¥l $ta'11ty vthile ensuring that the aims arKI intnll¢)ns of thè Trust 8 mèt ean eontinuè to be m•t.
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Rlsk management The Trustees are responthle for the Idgntikation and mwgamènt of risk Formal of th• rlsk6 faarg tho Trust tcd( place in 1998, 2004 arbd 2008 to tskg account of th• forniaion of Th• Royal R8gimgnt of SCland. Rlsk has reviewed anrIJty thereafter, In the 2008 roview. tr W adwserJ lo the Trusl completed an 8S8essment of the risks to whith the Tru8t exp08ed. PartU.. bltness. operational and finanaal rlsks and suggested procedures and wimes to manage a1 reduce the thntified risks. The risk managemont proctss Is re9ularfy rewewed by Trustees. A¢tion$ requtrgd In ortlgr to mNlg8te rlsks and are dIs$sod al the Tru8tee8' rneeling$ and implem•nted vthere r•quirod. Current slluatlo The Regimental Tru31 continua lo monTt¢f •divty tyuoss th• R•gimer)t81 lamty. ensuring Ih•t al elemerrt¥ of the Regimental family meet the s181gd ottyectives ofThe TrusL Th• R•glm•nt has ho8d and •nabhd Several tyrt• •nd èvents- IA#il to the Mu8oum by thè Duke of Edinbwgh as well 88 a commernorallon event, hosted by Hi5 Majesty. The lQng, al Balrnornl Caslkn lo commornor•lo Thè L•t• H•r Mai•$ty Qu••n Ehzab•th who g•tv•d as Colono14n•ChA5 f and Royal Patron for 75 years. The Re9imenlal Tru•t Gmtinues to pulloh the Thi) knne Magazine 18 ld to membern of tho R¢gimenL A decision has been t8k•n thal the 2025 e¢lition wll b• the la8t. It will replaced by a muth mler Joint Réglm8nlal 8nd Mu8•um TN81 nth¥sl6tt•r èvery Futur• Plan The Regimental TrLo1 is currently on the future Regimenlal Trust Slratsw for the next 25 plus year8 - aiming mark 18 for public8tK)n by 25 Odober 2025. th• r•view Mll include focu8 on all a8pe¢ts of the Regimentsl Trust - The Mu9eum and its coll•cticn, Maintenan of th• R•gim•ntal Htriiage )d edu¢4t)nal outreach., the Regimental A$89110n stnKlure arvj op•rallon,' as *ll as the maintenance of the Offieer•' Dnnor aub, the dellvery af the annual Regimental Batl as well 88 the QVeTsight of the Band of Tr Arg1 and Sulherfand HlgNandor$. The omphasis will b8 on W4Ing the Museum and tho 8•nd ofTh• Wl Suthrfd Hghlanders lo be sew-fundirvd and thus rw drain on Rern8n resourcès. 8tructUrni gov•rn•nc• and man•g•m•nl Th¢ Chgrity is ¢trOlled by 8 governlry d¢xumenl a thed crf tnAt. and con8tTtuto8 an unirtorporated &nOty. The Argyll antl Sutherland Hlghhnders Museum TruBt 18 a charjty rng18tered In Scold. 11 operth8 under thè torm$ of a Trust dated 20 January 2011. nd up to date of $&nature ofthe finanaal ststementg w8r8'. Ihppcinled 24 Meffh 2024) {Appcinted 1 June 2024) {Appcdnled 24 2024)
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Rocrultment and •ppolntmont of n•wTmsls Under ts temi8 ofthe Goveming Dèed, there fae 6 Tntaes dr•m from the ranks ofthose Vthtbo havè 8epMd In tha Regirnent Ex Offiao Trustees are Chainan of the Re9Mtal Assc0ic, Ihe Chaiman of the RegThental Dinn¢r Club and tho Officrf Commandirwj B•laklava cC¥nP. S1h Battakn, Tho Royd Regimerrtal rl Sryland. Olhorg arè Invtted to ThJ81 meolng8 ththere tr11 attendance is con8Alwed benefthl. A rwlew of tralrtry •rKI rfKnJrtrn•rt h85 be to wUre that 41 Tru5tee$ are SW of thlr rospw8lb1Ol •$ • Trustee and the otyectlves cllhe Tru Thére 58 a reoJmm•Thl•d length af aer41 of 5 yews as a TnJ&. Nvty appcintsd rn•mborn d th Rogknental lknnaB•rn•n¢ Tha TruBt8•1 m•ot annuy and th• actfrAU•s of TN•t, •dth•ss cuff•nt S•#LM 4fKI am•rKI or ¢onfim) tm Strateg ahead. The Trustees are r•8rx)rth8 for inF4ementing the agrèed 8tratagy. Indutho thè range of fln8nd81 exp(lTe and I to rafflrn# to contraca8 or krytn comrnthnts and moi¥tor th• 88wts. hcbjding Investment progress. Th• CN•f Offic•r li r•ipMwbl• tr th• dy lo dty alts TnML AfflN•tsd or ¢onn•ct•d chartll•• . ThèAryyll 2Th1 SuthwlaThl trHgthndorn Mu8eun Tnkryl . Th•ArgyII 4ra SutherfaThl Highl8ndersAs%Kbg eès. re ortwasa roved b tm Bo8rd ofTnMt••8. 29 Moy 2025
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ARGYLLAND SLrrHERLAND HIGHLANDERS REGIMENTAL TRUST I r8POrt on th8 finandal $tatemants of the Charty the year ended 31 Auwst 2024, vknlch are s•t Dut on pag•8 5t013. R••pg¢1ive r•¥poMlbllitl•• of TnMl•• nd •xmln•r The Charty's Trustees are r8swnsie fof the preparallcn of the ffinano41 statements in accord8nc8 with the lemis of the Charities and Trustee Investmenls (Scotland) Act 2005 and the Chanlies Aecount8 Iseelland) Regulations 2006. The charity's Trustees Conser Ih8t the audit rewirement of RegUlatiC 10111(al lo Icl of th• 2006 Awount¥ Regulgtion$ does not appty. It is my resporribility to ex8min• the finarA81 statements 8$ required under Section 44(11{cl of thtsAct and to stat• ¥&th•ther partityjiar mattèrs havè com& to my attention. of Ind•p•nd•nl •xamln•f• st•t•m•nt PAY examlnalion is carrled out In accordance thlth Regulatlon 11 of th8 20Cfj Accounts RegulauL8. An •xaminoJon Includes a reM8w of Ihg acwLntiThJ rKord$ kept by Ihg dritY and a ccrfnpari8on of tho financhl statement8 presented with troBe record8. It also indud93 conslderntlon of any unusual itoms or di8do¥ures in th• flnancial st•toMlS. •nd 8eekts èxplwtiong from lh8 tru$t¢è8 eonc•miNJ any such matter¥. The PrdUreS undertaken do not PrOde all the evident8 that wouhj be reqLMrod Hi an audrt and cons•qu•ntJy I Ilo not express an audit oplnlon on the view gr¥en by thè fin8rKi81 slalements. Ind•p•nd•nt •x•mln•ts •tst•m•nt Your 8tt¢ntJon is dra¥4m lo the fact th•t th• d)wty h88 prwred fanlI •latamom18 in accordan Axountlng and reportlng by Chan$ prepadng trlf pK£ount8 in accordance the Financl81 R•ing StaTrJard appli¢¥blg in the UK and Republir of lffjland IFRS 102) In preferenc• lo th¥ AG¢ountlrKJ and Reporting by Charitles.. Statemont of Recomm•nd Prxtica iSSLAd on 1 Awil 2005 *fvch Ib retsrred to In th• extant regul8llon8 t ha8 rth¥ boon Withdr7. l understand that this has W done in order for the fln8nci81 tsIerrlS lo provide ¥ tru8 8nd tsir view in ?OrdanCe wrth GeTh>raI Accepled Ac£Ourlng Practlce gffeth"¥e lor r8porUng perlods beglnnlng on or after 1 Januory 2015. In ¢onwllon vlth my examknation, no (Ah8r matter except Ihat referred to In the prnvlc4Js paragraph has come to my allenlion.. (al [Ch glves me r•asonablo cause to beleve that In •y malwlal the rUirements.. 111 to keep accounting rwords in a[d0Ce wlh soction +111} (yl of Ihe 2C(J5 Ad gnd RegLAalion 4 tho 20 Accounts Regulation5,' and Ill) to prepare finanaal stat•ments lch accLYd tilh the accolmtlng rK(Yd8 and compty wllh RegUtIOn 8 of t 2006 Accounts R•gulalion8', hav• not been mel or {bl lo which, in my OFMnion. ttlI0ft 8hcrtld dr&¥n in order lo enot4e a prwr urmkrslanding of trè Azels Audit Services 5 lIefrIarY CTEscerrt Perth PH2 OPA Unrted ngdoM Dated: 29 May 2025
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unmtrld•d R•¥trl¢t•d fund$ funds 2024 2024 Tgtsl Unmtrl¢t•d Rutrl¢t¢d fund¥ fundts 2023 2023 Total 2024 2023 DDnalion$ and 5.998 5.052 5,052 Olhertradlng advlles Inveslments 4,511 4.511 15.408 1,804 1,804 15,409 15.408 15.409 Total In¢om• 21.4f 4,511 25.917 20,461 1,804 22,265 Ralsing funds 4,378 4,378 4,170 4.170 Ch8rltablo actlvltles 26,829 3,740 23.756 29,365 Total •xp•ndlturn 31.207 3.740 34,947 27.926 5.609 33.535 N81 g•inWllossesl on inv•stmonts 11 $2,133 52,133 127.739} 127,7391 N•t In¢omlng1(outgolngi rg¥our¢w b•for• trnn¥f•r¥ 42,332 T11 43,103 135.2041 (3,805) {39,i>J91 Gross transfers 11,909) 1.909 11,8061 1,805 N•t mov•m•nt In lund• 40.423 43,103 {37,0091 12,¢XSO} {39.IXJ91 Fund balances at 1 Soptembw 2023 41)0.014 184.732 $84,746 437,023 186,732 623.755 Fund balances at 31 AUgt 2024 440.437 187.412 627,849 400,014 184,732 584,746 The statement of financial aGtivibe• Ir$ all gains and losses recogr#s&S in the y•w. All Inrne and eXpdItuT& d•lvo frnm cont[n9 xliviti•
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST BALANCE SHEET ASAT31AUGUST2024 2023 Flxod a•••t• Inveslmonts 13 594.452 571.499 Current a•••ts 14 67T Cash at b•nk and In h•rnl 35.332 35.938 Cr•dltorn: amowth faNlrbq du• Tlthln on• y••r 12.541) (12.399) 33.397 13,247 Tot•1 u8•t• IM• cun•nt l•bll 627.849 584,746 Incom• fv•MI• Ro8tixted fund• 16 187.412 440.437 184,732 400.014 827.849 684.746 Tho finala1 8tatfjm8rrt• wwo •Fprov¢d by th• Tfutt• on 29 May 2tr25 Trustèe
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Acc¢)untlng p)Ikl•s Charlty Infommtlon The ATgyll and Suth¢da Highlander8 Musoum Tnmt 1$ a charty rn9iStw•d in Scotland. It operats8 ufKler the tem¥ of a Tru81 t)eed dated 20 Januwy 2011. 1.1 Accountlng conv•ntlon The financial 8latem•nl8 bew pr4)argd in acc¢)rdanco with tho Charity• govemry douJm•nl. the Charitie$ and Trugtee Investrnenl (scotta Act 2005. the Chantk•s Attounts IScoll8ndl Re9u1stnS 2006 188 am8ndedl 'AccountirYJ and Rfjportlng by Charrtlès.. Statement of Recommended Pradce appllcab lo thar85 pre@ng their accwnls in accordance the Fknancial Reporting StaThdard applicabl8 In the UK and Repthllc of IrelaNJ IFRS 102) l•ffeclwe 1 J•nutry 20191". Tho Charity 18 a Put Bonefft Enuly as d•fin¢d by FRS 102. The Chanty has-tskgn Jolmntagè of th• prow8lon8 in the SORP ts thwib•s •pplylng FRS 102 Uptsle Bullètln 1 not to prepare a siaipJnent of Cash Flcw Th• financlal $ts18menl8 8re prepare(l in stsdiThJ, vhmd) Is the fiJnctkYI Cuen of tr Charty. Mortary amounts In these flnancw statements are TourKled lo Ihe n8afe8t £. Th• flnancl818tal•nts hav• boon undor thé hSstoMc41 cogi ccrnntlon. modlfi•d lo Includé thè revaluawon of frè&hcAd wopertes and lo Snclud• investmenl properties and certaln flnandal In8tnment6 al falr value. Th¢ prmidpd acc¢uth"ThJ pdiCi adWed we •¢t Ixrt b. 1.2 Golng conG•rn At th8 me of apprOng the ftnandal stalemtsnls. tr Tntst8e$ have a rea8abl9 expgdauon that the Charfty has adequala resource8 to conbnLXI YI QFerationai tx18t¢t for Iho lor•seeabl• fLurn. Thus the Trwbl•88 Gonbnue to adcpt the goffj Conc bfjsi¥ ol •¢¢ountry in preparlng tho fin8naal $tatom&nts. 1.3 Ch•rltabl• fund Unre8tiicted fund¥ 4v8il•bkn for LAe at thg dl8r%elion of h Trus In fvrtherarKfj of thelr tharit•ble objocti¥e$. RestrGted fvnds are subject to specific conditions by doncf$ as to h(hV they may be used. The purposes and uses of the reslricted funds ar• set out in the notes to the financial stataments. 1.4 Incom• Income 18 rocogni$e(l Trhthen the Ch8ry B legaly entitlgd to it after any performan¢2 ditionS hre bn met, the ernounts can measur&J reliatkn. and rt is prthble that IrbCC4nè w111 be recelveA. Cash donalfjon8 8re recgwlsed on teGoipt. Other don8Uons are recogn¢sed once the Charfty ha8 been nolthed of the donation, unless erfranGe Gondrtions rewire deferral of t arnounL Incom• lax r8cov8rable In relti¢n to ¢Jonalkrn rec•Ned und•r GiftAid or d••d8 of cov¢nant is iwnised al the tThe ofthe donab'on. 1.5 Exp•ndltur• Liatrf'lities are recognised as expendmwe as Soon as thera is a legal constructive cligation cornmiitiro the Charity to that oxponditure, it is kYob•ble that a transfer of Konomic b8n¢frts ¥MII be required in 8ettlernent and the amount of the ct4&ation ¢on té mèasurod reliaw. Exp8rKliturg is xcounl•d for cn an accrual$ ba$1$ and has been dassffied under heading$ that aggr&Jate all SIS related to the categ. $ts cannot be dSr8Ctly attributad to partigjar headings. they have been allcded to acITriiS 1)n a ba51$ conslstgnl wth the use of resouTces. Grants offered yJt¥'ecl to condTtKJns which have not b• met and tho year-and datè we noted as commilment but not accnd as e>ynditure.
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting polkles Icontlnuedl 1.6 Fixed a¥¥gt inv••tments Fixed asset Investments are initialty measurèd al trsaction price exduding transaclicffl costs, and are subsequèntly measured al fair value al each reporting dale. Changes in fair value ar& recognisod in net Incomellexpendlrél for the year. Transac"on w8t$ are exp8nsfjd as IncU0d. 1.7 C•#h and ca•h •qulvaknb Cash and cash equivalents indude ca8h in harKI. d•posits heid at cal wlh b•nks, gther short40 liquid Imie9tsmgnts th orlginal maturiOo8 of thrno rnonthB ( W. and b•nk overdrafts. Bank ov•rdr8ft# are SI¥M thin barrng$ In list41hl•s. Donatlons and l•gacl•• UnMtrf¢t•d Vnr••trl¢tsd lund• fund• 2024 2023 5,998 5.052 Oth•r tr*dlng •ctl¥ltl•• R••lrlct•d RMtrl¢t•d fund• fund• 2024 2023 M¢mb¢rnhip Jub8uiption8 4,511 1,804 InvMtm•nts Unr•5trfct•d Vnrnstrfctèd funds funds 2024 2023 Dividends rKeNod Interest rKeived 15,129 279 15.356 53 15,408 15,409
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Ralslng fund* UTrrnstrlct•d Unr•6tricted fund¥ fuTrJ8 2024 2023 In¥•strn•nt managèmènt 4,378 4,170 4,378 4.170 Chlrltabh •ctlvStl•8 2024 2023 Insuranco Postage staknery Swdry e>Vnl 989 3,530 6.930 3,609 11,449 10,163 Grant funding of actiwtres (see noto n Share of govermnce co8t¥ (¥¢e not• 8) 8.500 10,620 16.500 3,702 30.569 29.385 Analy•ls ty fund Unrestricted funds Restricted funds 28.829 3.740 23.756 30.5e9 29.365 Grnnts payab 2024 2023 Grants lo ItIlUtIons.. Argyll and Sutherland HlerS MUS• TnBt Bala¥a Company, 5th Ballaon, The Rtya Reglment of Scouand D Company. 7 SCOTS Th8 Argyll and Sutherfand HjhderS BattalKJn ACF 7.000 7.1)JO 1.500 1,500 8,500 1 5.500
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 6upport¢osts Support GOrnIre C08ts costs 2024 2023 Lègal and wofè88ional Juntancy 8,100 2.520 8,10D 2,520 1,195 2.507 10.620 10,82D 3,702 Anaty60d boknn Charttabkg actMtI08 10.620 10,62Q 3,702 Tru•t••o None of th• Tru8te¢J (or any p8r8on8 corrnct8d wth thoml receN¢d #ny r•mun•ralion or benefits the Charity during thé y•ar. 10 Employ• The aver•98 rnonthly numbw of em1• rtn9 the year wa8.. 2024 Numb•r 2023 Numb•r The payrdl ¥y¥lem wa$ oAl•d through TheArgyll SuthlarKI HigN8n¢Jw8 #tuM Trust. Thorn wern no payr gxpon889 rharged lor 2024 or 2023. Th• Trult Gonsklern Its koy rnanagem* personnel to Mmpri¥e ofthe Trustee8 and Chlel Exeortive Offlcer. The OrnVOne¢ beneffts ofthe key managwmnt p•rwMnèl w•rn ÉN {2023'. £NS11. There were no ernploymj whom thnn remun•ratsw wa$ more than £60.OC¥). 11 N•t galnsl{loMesl on Inv•strn•nts Unr•glrfctvd Unvostrlcted fund fund3 2024 2023 Revalualim of investments Gainll10s81 on jale of inv¢8tm•rts 39,921 12,212 (51,2831 23,544 52,133 (27.7391 10-
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Tax•tlon thadty Is exempt from tax on InrAYne and gains falling within 505 of the TaxesAd 1988 or sectK)n 252 of1 Taxallon of Chargeable GabnsAct 1992 to the exknl that th88e are applied to rts tharttable obcts. 13 Flx•d •M•t Inv•sth*nts Co•t or valuatlon Al 1 Septfjmbèr 2023 Addrbon8 ValuaUon change8 Oispo8ol8 571,499 94,319 39,921 1111.2881 At 31 Au9U812024 594,451 Carrylng •rnount At 31 August 2024 594.451 At 31 NJJgu812023 571,499 14 D•btorn 2024 2023 Amounts falllng du• wlthln on• y••r. Propaymntg and accrued ir)rne 577 15 Cr•dltorn: •mounts falllng due wlthln on• y•ar 2024 2023 Olhor creditors AccnJal8 and defoTr¢d Ir0 10,000 2,399 2,541 2,541 12,399 11
THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 R•strlct•d fund The inccrfne funds ol Ihe charty indude restricted funds comFffiSiW the folotAirwJ uneynded balan5 of dM•tltsns and grants held on trust for spedflc purposes.. Mov•m•nt In fund• l•k>vom•nt In lunds In¢? R••¢)urc•• Trth•l•M IornIa R••owu• Thn8f•rn B•lanc• •t 31 Auw•t 2024 1 Sopt•rnb•r 22 2023 BalgklAva Company, 5th Batt411on. Th• Royal Regiment of Scotland Ball fvnd Thn Rèd Lhe 173.888 12,844 12.LK)O) 171.888 12,844 171,888 15.524 2,890 1.621 {210) (3,5301 13.809) 1.805 1,909 188,732 16,609) 1.805 184.732 4,511 {3.740} 1,909 187,412 Balakjava Company, 5th Battali, Tho Royal Reglm•nt of Scolland - ttw's fvnd th• Mm• purpo9 as that of lh• R•91mtal Trust. Ball ffiJnd- IIN'S fvnd is used lo run the •nnu Regimental Boll in Stirhyj C•stl•, *thlch r418rt mon•y for th• Musoum. Thin Rad Linè- this fund is u8ed lo an nUal magazine i¥ di¥knbut•d to • list of subsubefS.11 covers wb4cal1. wnting thBtrit>utkn Gosts. Translèr froffl Unr•btrlctod Fund Atransf•r 01 £1,909 was mado, In 2024 y•sr. from thè Unra8trlct•d FwKI to Thw) Red Lim to cmr tho deficit on tho frJrKI. 12_
THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEAIENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 An•lysl¥ of n•t as••ts b•tw••n funds Unmtrld•d R•8trlct•d Jnd• 2024 Totsl Unf•trlct•d R••trlctod fun 2023 Total 2024 2024 2023 2023 Fund baances at 31 August 2024 aro represented by.. Invé$lrn8nts Currnnl 4$8etsl(liabllti88) 594,452 (154,0151 594.452 33.397 571.499 {171.485} 571,499 13,247 187,412 184,732 440.437 187.412 627,649 400.014 184.732 584.748 18 R•lat•d party tran••ctlo Trinaactloni wlth r•lat•d ptl•• Tho Argyll ar Sutherland HSgN8ndern Shop Llmlted and The aTrJ Suthedand Hi9hlander8 Reglmental Tru•l related du• lo common Trust•86Klr•cknrs 8rKI J frmal •gr86YnI1S In pLqce. The Trust hold6 a t4)nd fioating ¢hwg• over lh• WKlértking, 1 propety and 88wts ot Th• A11 •nd su1and Highlandws Shop Limit•J. Related pty Iran8Kllons tr the year are a¥ folky. During the y•or to 31 Awusl 2024. grants were pald to Thè Argyll and Sutsrtand HighlarMIw8 88UM Tru81 of £7,00012023.' £7,000). This gr4nt thJnthng was provlded for salarles and IT suppcrt 13-