Charity regis￿tion 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¢lp*l 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 ￿n￿10M
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
IndeP￿￿ent 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 2￿5. Chariknes ACCc￿ntS (Scollandl Regulallons 2006 las amended) •nd "AccountiryJ and
ReportirvJ by Charifjt¥: Stslèmenl of Rèeommwthd PAc*i¢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) {effect￿O
1 January 20191".
Obj•¢t1￿ •Dd •¢t5vI￿$
The purposos ofth8 Tru$t are..
To sppty the Trust fijnds in s￿h a manner a5 the Trustees think fft for the improvern8nt, 8fficl8ncy. benefft
or welfare ol Ihe Regim•nt OT wy related organi5ation IlndudlThJ any Re&*mgrrtal Museum, Museum Trust
orAsswiatlonl.
To contributé lo thè proVI￿on of rncrtiational l&Slth• or to thè Ngth8atlon ol r¢cr¢&t¥)n81 aCti¥it￿O or to
tho rellef of ary per8onl81 who are in n8•d of finana•l ¢X welfare 468istance •nd vtho or• ••rving in or vkno
have served in the Regiment {irtludng deFéndent$. widowts ¢yph8n$l.
To lomi, estabHsh. support, make grants to and In the fomiatk*n, 8stsbll8hm•nt •rd $UF¢J(Xt of ￿Y other
tharilable Compan￿3, institution5, assoc441￿￿nS. Iru8ts or 30raet*s 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• Ci*np•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,
InCI￿￿n9 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 al￿6￿ne6 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• Reglm*tt thTough a range of 8ctsvitle8
and administrative 8upporL Ttris gxtend8 lo the Arniy. and the Tru¥1 supports ceremonial and trainlng advIt￿& 8￿h
¥ 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 Trt￿t 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 int*nll¢)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 SC￿land.
Rlsk has reviewed anrIJ￿ty thereafter, In the 2008 roview. tr* W adwserJ lo the Trusl completed an
8S8essment of the risks to whith the Tru8t exp08ed. Part￿U￿.. blt￿ness. operational and finanaal rlsks and
suggested procedures and wimes to manage a￿1 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 ho*8d 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 *m￿ler 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$8￿9110n stnKlure arvj op•rallon,' as **ll as the maintenance of the Offieer•' Dnnor aub, the
dellvery af the annual Regimental Batl as well 88 the QVeTsight of the Band of Tr Arg￿1 and Sulherfand
HlgNandor$. The omphasis will b8 on W￿￿4Ing the Museum and tho 8•nd ofTh• Wl Suth*rf￿d Hghlanders
lo be sew-fundirvd and thus rw drain on Re￿rn8n￿ 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 Scol￿d. 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•wTmsl￿s
Under ts temi8 ofthe Goveming Dèed, there fae 6 Tn*taes dr•*m from the ranks ofthose Vthtbo havè 8epMd In tha
Regirnent Ex Offiao Trustees are ￿ Chainan of the Re9M￿tal Assc0*ic￿, Ihe Chaiman of the RegThental
Dinn¢r Club and tho Officrf Commandirwj B•laklava cC¥nP￿. S1h Battakn, Tho Royd Regimerrtal rl Sry*land.
Olhorg arè Invtted to ThJ81 meolng8 ththere tr￿11 attendance is con8Alwed benefthl.
A rwlew of tralrtry •rKI rfKnJrtrn•rt h85 be￿ to w￿Ure that 41 Tru5tee$ are SW￿ of thlr
rospw8lb1￿Ol •$ • Trustee and the otyectlves cllhe Tru
Thére 58 a reoJmm•Thl•d length af aer41￿ of 5 yews as a TnJ*&. Nv*ty appcintsd rn•mborn d th Rogknental
lknnaB•rn•n¢
Tha TruBt8•1 m•ot annu*y 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 kryt￿n comrnthnts and
moi¥tor th• 88wts. hcbjding Investment progress.
Th• CN•f Offic•r li r•ipMwbl• tr th• d*y 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 $tatemants of the Charty the year ended 31 Auwst 2024, vknlch are s•t Dut on pag•8
5t013.
R••pg¢1ive r•¥poMlbllitl•• of TnMl••* *nd •x*mln•r
The Charty's Trustees are r8swnsi￿e fof the preparallcn of the ffinano41 statements in accord8nc8 with the
lemis of the Charities and Trustee Investmenls (Scotland) Act 2005 and the Chanlies Aecount8 Iseelland)
Regulations 2006. The charity's Trustees Cons￿er Ih8t the audit rewirement of RegUlatiC￿ 10111(al lo Icl of th•
2006 Awount¥ Regulgtion$ does not appty. It is my resporribility to ex8min• the finar￿A81 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 RegulauL￿8. An
•xaminoJon Includes a reM8w of Ihg acwLntiThJ rKord$ kept by Ihg d￿ritY 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•toM￿lS. •nd 8eekts èxpl*wtiong from lh8 tru$t¢è8 eonc•miNJ any such matter¥. The Pr￿dUreS
undertaken do not PrO￿de all the evident8 that wouhj be reqLMrod Hi an audrt and cons•qu•ntJy I Ilo not express
an audit oplnlon on the view gr¥en by thè fin8rKi81 slalements.
Ind•p•nd•nt •x•mln•ts •tst•m•nt
Your 8tt¢ntJon is dra¥4m lo the fact th•t th• d)wty h88 prwred f￿an￿lI •latamom18 in accordan￿
Axountlng and reportlng by Chan￿$ prepadng tr￿lf 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 Withdr￿7.
l understand that this has W done in order for the fln8nci81 tsIerr￿lS lo provide ¥ tru8 8nd tsir view in
?￿OrdanCe wrth GeTh>raI￿ Accepled Ac£Our￿lng 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 r￿Uirements..
111 to keep accounting rwords in a￿[￿d0￿Ce 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 t*ilh the accolmtlng rK(Yd8 and compty wllh RegU￿tIOn
8 of t￿ 2006 Accounts R•gulalion8',
hav• not been mel or
{bl lo which, in my OFMnion. ￿tt￿lI0ft 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
$84,746
437,023
186,732
623.755
Fund balances at 31
AUg￿t 2024
440.437
187.412
627,849
400,014
184,732
584,746
The statement of financial aGtivibe• Ir￿￿$ all gains and losses recogr#s&S in the y•w.
All In￿rne and eXp￿dItuT& 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• T*lthln
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 fina￿la1 8tatfjm8rrt• wwo •Fprov¢d by th• Tfu*tt• 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 Re9u1st￿nS 2006
188 am8ndedl 'AccountirYJ and Rfjportlng by Charrtlès.. Statement of Recommended Pradce appllcab
lo thar￿85 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 $ts18menl8 8re prepare(l in stsdiThJ, vhmd) Is the fiJnctkY￿I Cu￿en￿ of tr￿ Charty. Mor*tary
amounts In these flnancw statements are TourKled lo Ihe n8afe8t £.
Th• flnancl818tal￿•nts hav• boon undor thé hSstoMc41 cogi ccrnntlon. modlfi•d lo Includé thè
revaluawon of frè&hcAd wopertes and lo Snclud• investmenl properties and certaln flnandal In8tnment6 al falr
value. Th¢ prmidpd acc¢uth"ThJ pdiCi￿ adWed we •¢t Ixrt b￿￿.
1.2 Golng conG•rn
At th8 ￿me of apprO￿ng the ftnandal stalemtsnls. tr* Tntst8e$ have a rea8￿abl9 expgdauon that the Charfty
has adequala resource8 to conbnLXI YI QFerationai tx18t￿¢t for Iho lor•seeabl• fL*urn. Thus the Trwbl•88
Gonbnue to adcpt the go*ffj 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$e(l Trhthen the Ch8r*y B legaly entitlgd to it after any performan¢2 ￿ditionS h￿re b￿n
met, the ernounts can ￿ measur&J reliatkn. and rt is prthble that IrbCC4nè w111 be recelveA.
Cash donalfjon8 8re recgwlsed on teGoipt. Other don8Uons are recogn¢sed once the Charfty ha8 been nolthed
of the donation, unless ￿erf￿ranGe Gondrtions rewire deferral of t￿ arnounL Incom• lax r8cov8rable In
rel*ti¢n to ¢Jonalkrn rec•Ned und•r GiftAid or d••d8 of cov¢nant is iwnised al the tThe ofthe donab'on.
1.5 Exp•ndltur•
Liatrf'lities are recognised as expendmwe as Soon as thera is a legal ￿ constructive c**ligation cornmiitiro the
Charity to that oxponditure, it is kYob•ble that a transfer of Konomic b8n¢frts ¥MII be required in 8ettlernent
and the amount of the c*t4&ation ¢on té mèasurod reliaw. Exp8rKliturg is xcounl•d for cn an accrual$ ba$1$
and has been dassffied under heading$ that aggr&Jate all ￿SIS related to the categ￿. ￿$ts cannot
be dSr8Ctly attributad to partigjar headings. they have been allcded to acITrii￿S 1)n a ba51$ 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 accn*d 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 tr￿saction price exduding transaclicffl costs, and are
subsequèntly measured al fair value al each reporting dale. Changes in fair value ar& recognisod in net
Incomellexpendl￿rél for the year. Transac*"on w8t$ are exp8nsfjd as IncU￿0d.
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 barr￿￿ng$ 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>Vn￿l
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 I￿tIlUtIons..
Argyll and Sutherland H￿￿lerS MUS•￿ TnBt
B￿a￿la¥a Company, 5th Balla￿on, The Rtya Reglment of Scouand
D Company. 7 SCOTS
Th8 Argyll and Sutherfand H￿jh￿derS 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 GO￿rnI￿re
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 em￿1￿*•￿ ￿rtn9 the year wa8..
2024
Numb•r
2023
Numb•r
The payrdl ¥y¥lem wa$ o￿Al•d through TheArgyll Suth*larKI HigN8n¢Jw8 ￿#tuM Trust. Thorn wern
no payr￿ gxpon889 r￿harged lor 2024 or 2023.
Th• Trult Gonsklern Its koy rnanagem*￿ personnel to Mmpri¥e ofthe Trustee8 and Chlel Exeortive Offlcer.
The OrnVO￿ne￿¢ 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 ob￿cts.
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 Ir￿0￿
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 balan￿5 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 I￿ornI￿a 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• purpo￿9 as that of lh• R•91m￿tal 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 p*tl••
Tho Argyll ar￿ Sutherland HSgN8ndern Shop Llmlted and The aTrJ Suthedand Hi9hlander8 Reglmental
Tru•l related du• lo common Trust•86Klr•cknrs 8rKI J fr*mal •gr86Yn￿I1S In pLqce.
The Trust hold6 a t4)nd fioating ¢hwg• over lh• WKlért*king, ￿1 propety and 88wts ot Th• A￿11 •nd
su1￿￿and Highlandws Shop Limit•J.
Related p￿ty 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-