2025-12-31-accounts - The Royal Scottish Pipe Band Association

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COMPANY NUMBER: SC394198 (Scotland) REGISTERED CHARITY NUMBER: SC018153

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

REPORT OR THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Stewart Gilmour & Co CHARTERED ACCOUNTANTS & TAX ADVISORS

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Reference|and|Administrative|Details|1| |Report|of the Trustees|2|to|5| |Report of the|Independent|Auditors|6|to|8| |Statement|of Financial|Activities|9| |Balance|Sheet|10| |Cash|Flow|Statement|11| |Notes|to|the|Cash|Flow|Statement|12| |Notes|to|the|Financial|Statements|13|to|21| |Detailed|Statement|of Financial|Activities|22|to|23|

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2025

DIRECTORS (CURRENTLY SERVING)

Alison Duthie Dundee Perth & Angus John Gibb North of Scotland Jackie Allan QVRRM TD DL London & South of England Malcolm Brown Scott Lothian & Borders Michael Kerr Glasgow & West of Scotland Sharon Smith Glasgow & West of Scotland Geoffrey Hamilton Northern Ireland Paul Starr Lothian & Borders Ray Hall MBE Northern Ireland Stewart Orr MVO RVM Vice Chairman Alistair McCleery Northern Ireland Margaret McCrindle Ayr, Dumfries & Galloway Robert Niven Chairman Lezley Parsons North East England

DIRECTORS (SERVING FOR THE YEAR ENDED 31 DECEMBER 2024)

Jackie Allan QVRRM TD DL John Gibb Michael Kerr Sharon Smith Geoffrey Hamilton Donald MacPhee Ray Hall MBE Paul Starr Alistair McCleery Margaret McCrindle Robert Niven Lezley Parsons Alan McGeoch Stewart Orr MVO RVM Paul McAndrew Malcolm Brown Scott Kevin Reilly Lorraine Ronaldson John Hughes

COMPANY SECRETARY	Colin Mulhern
REGISTERED OFFICE	45 Washington Street
	Glasgow
	G3 8AZ
REGISTEREDCOMPANY	SC394198 (Scotland)
NUMBER
REGISTERED CHARITY	SC18153
NUMBER
AUDITORS	StewartGilmour& Co.
	Chartered Accountants
	3" Floor, StGeorge’s Buildings
	5 St Vincent Place
	Glasgow
	G1 2DH
BANKERS	BankofScotland
	54/62 Sauchiehall Street
	Glasgow
	G2 3AH
SOLICITORS	DWFLLP
	Dalmore House
	310 St. Vincent Street
	Glasgow
	G25QR

Page 1

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims - to promote and encourage the culture and advancement of Pipe Band Music internationally, and to sponsor a Pipe Band College. - to create and maintain a bond of fellowship with all pipe band personnel throughout the world. The enjoyment of the rights and freedoms set forth in this Constitution and Rules shall be secured without discrimination on any ground such as sex, race, colour, language, religion, political or other opinion, national or social origin, association with a national minority, property, birth or other status.

to devise and operate a proper system of pipe band contest rules.
to organise and operate the World Solo Drumming, the World, European, British, Scottish and all Major Championships held within the United Kingdom.

The Association measures its success by reviewing the number of successful Championships organised, operated and held within the United Kingdom during the reporting period.

Priorities

to establish a network of geographical locations for educational opportunities.
to provide the best opportunities for members to participate in well-run pipe band competitions.
to offer educational opportunities globally through our affiliated association
to continue to give the members of the Association the opportunity to participate in promoting Scottish culture and music through the art of piping, drumming, and drum majoring.
to provide a duty of care to employees and volunteers.
to continue to work with Piping and Drumming Qualifications Board (PDQB) partners.
to continue the professional development of all of our officials.
to raise the level of branch involvement in the Pipe Band College through the process of geographical piping and drumming representation.
to increase the number of outreach programmes available to branches and bands to improve performance in the arena and raise attainment for pipers and drummers through educational programmes.

The Association seeks to achieve its aims and objectives by using a network of branches and individuals offering education, and by using the same network to organise and run competitions for bands and individuals throughout the year.

Volunteers

The Association could not run without volunteers. It regularly needs between 100 and 120 volunteers at any of the Major Championships. It is not feasible to quantify the numbers that are used at small competitions weekly, nor the cost savings made by their involvement.

It would be even more difficult to give a number of the people who tirelessly, week in week out, go along to help our members' bands and assist with the education and development of the bands and the young and old members.

Page 2

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRATEGIC REPORT Achievements and performance

Charitable activities

During the past year the Association successfully completed the following:-

organisation and running of four Major Pipe Band and Drum Major Championships; the World Solo Drumming Championships, its qualifier Championships and the Juvenile Tenor Drumming Championships;
organisation and running of 42 local pipe band championships and contests within the United Kingdom;
delivery of 180 Scottish Qualifications Authority and Piping & Drumming Qualifications Board qualifications;
registration of all instructors and assessors under the Protection of Vulnerable Groups (Scotland) Act 2007; and
liaison with promoters that facilitated the securing of four major championships in 2025.

Financial review

Financial position

The Association recorded for the year ended 31 December 2024 a surplus of £39,042 (2024: £58,459) and accumulated funds as at the year-end stood at £819,023 (2024: £779,981).

The principal funding sources during the year were sponsorships towards running major championships and membership subscriptions.

Reserves policy

The Association's policy is to maintain a level of reserves at least sufficient to meet its annual operating expenses. As at the year-end the Association' reserves amounted to £819,023 (2024: £779,981), represented by unrestricted funds of £771,763 (2024: £733,119) and restricted funds of £47,260 (2024: £46,862).

The Members of the Board of Directors consider the financial position of the Association to be sound.

Principal risks and uncertainties

The Board of Directors has reviewed the major risks to which the Association is exposed and established procedures to mitigate against those that have been identified.

Future plans

Plans for the future include:

planning and delivering education seminars around the UK:
continuing to review working practices with a view making the Association more efficient;
continuing to develop and grow the abilities of the Association's staff;
encouraging branches to introduce solo drumming competitions;
introducing and developing staff succession plans;
delivering training programmes for pipe majors, leading drummers, bass and tenor drummers, band tutors and members
of lower graded bands who wish to develop their practical musicianship skills; and
offering opportunities for band members to attain the Association's certificate of pipe band musicianship.

These plans are deemed to be in accord with the Association's aims and objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, its Articles of Association and Standing Orders and Rules. It constitutes a company, limited by guarantee, as defined by the Companies Act 2006.

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure The Board of Directors are the Charity's Trustees.

The Board of Directors who served the Association at the year-end can be seen in the admin and reference details.

All Directors shall normally serve for a period ofthree years and are appointed by election at the Annual General Meeting. The Board of Directors has power to co-opt Members such co-option being confirmed at the Annual General Meeting. The policies and procedures adopted for induction and training of trustees are detailed in the Constitution and Rules of the Association.

Approximately one third of the Members shall retire annually but may offer themselves for re-election.

The positions of President and Chief Executive are appointed by the Board of Directors but are not held by Directors of the Charity.

The Association was founded by constitution in 1930 to promote and encourage the culture and advancement of Pipe Band Music internationally, and to sponsor a Pipe Band College.

The Royal Scottish Pipe Band Association is governed by its Articles of Association and Standing Orders and Rules.

The Association is a membership organisation. The Board of Directors has overall responsibility for the strategic management of the Association and meets regularly.

The Chief Executive has delegated authority as approved by the Board of Directors, for operational matters including finance, employment and services related activities. The Finance Insurance and Maintenance committee set all pay and remuneration levels for staff and officials at their October meeting for the year ahead.

The Directors do not receive remuneration for their role as Charity Trustees. The remuneration of other key management is set by the Board of Directors using benchmarks of similar posts in the sector and current market forces.

Key management remuneration

The key management personnel of the charitable company comprise the directors, the chief executive and the senior management team. The total employee benefits ofthe key management personnel ofthe charitable company were £49,786 (2024: £47,867).

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Royal Scottish Pipe Band Association for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

In view of the raising of thresholds for audit requirements of Scottish-registered charities, the auditors, Stewart Gilmour & Co., will be proposed for appointment as Independent Reporting Accountants at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 25 February 2026 and signed on the board's behalf by:

Colin Mulhern - Secretary

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

Opinion

We have audited the financial statements of The Royal Scottish Pipe Band Association (the 'charitable company’) for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report ofthe Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures in response to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risks or material misstatements in respect of irregularities, including fraud and noncompliance we considered the following:

The nature of the charitable company, the environment in which they operate and the control procedures implemented by management and the trustees; and
Our enquiries of management and trustees about their identification and assessment of the risks of irregularities.

Based on our understanding of the charitable company and the sector we identified that the principal risks of noncompliance with laws and regulations related to, but were not limited to:

Regulations and legislation pertinent to the Charitable Company's operations including Companies Act 2006, data protection, employment and health & safety; and
UK tax legislation

We considered the extent to which non-compliance might have a material impact on the financial statement. We also considered those laws and regulations which have a direct impact on the preparation of the financial statements, such as the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006. We evaluated management and trustees’ incentives and opportunities for fraudulent manipulation of the financial statements (including the risk ofmanagement override of controls), and determined that the principal risks of the charity were related to:

Posting inappropriate journal entries; and
Management bias in accounting estimates.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

Our procedures to respond to the risks identified included the following:

Gaining an understanding of the legal and regulatory framework applicable to the charity and the sector in which it operates; - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - Enquiring of management, trustees and legal advisors concerning actual and potential litigation and claims; - Reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; - Performed analytical procedures to identify any unusual or unexpected movements; - Assessed the judgements and key sources of estimation in the financial statements which could indicate management bias;
In addressing the risk of fraud as a result of management override of controls, testing the appropriateness of journal entries and other adjustments; evaluating rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indicators of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more the compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusions, omissions or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report ofthe Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

ao 77) ——— ‘ ; CY beer Ww lasnonst& CA

Sheila L Tannock C.A. (Senior Statutory Auditor)

for and on behalf of Stewart Gilmour & Co., Chartered Accountants 3" Floor, St George’s Buildings 5 St Vincent Place Glasgow G1 2DH

Date: 17 March 2026

Page 8

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |Notes|funds£|funds£|funds£|fundsra| |INCOME|AND ENDOWMENTS|FROM| |Donations|and|legacies|3|9,517|-|9,517|1,080| |Charitable|activities|6| |Scottish Pipe Band|Championship|74,942|-|74,942|73,943| |Pipe|Band|College|23,605|-|23,605|16,723| |World Pipe Band Championship|227,315|-|227,315|254,419| |European Pipe Band|Championship|101,538|-|101,538|$5,515| |British|Pipe Band|Championship|-|-|-|52,760| |UK|Pipe|Band|Championship|6,203|-|6,203|1,878| |World|Solo Drumming|Championship|8,536|-|8,536|8,841| |Other|trading|activities|4|63,534|398|63,932|87,769| |Investment|income|5|14,295|-|14,295|2,540| |Other|income|4,006|-|4,006|6,731| |Total|533,491|398|533,889|562,199| |EXPENDITURE|ON| |Charitable|activities|7| |Scottish|Pipe Band|Championship|83,127|-|83,127|75,526| |Pipe Band|College|19,963|-|19,963|14,621| |World Pipe Band|Championship|188,142|-|188,142|168,015| |European|Pipe Band|Championship|104,960|-|104,960|73,478| |British|Pipe Band|Championship|865|-|865|81,071| |UK Pipe Band|Championship|77,378|-|77,378|72,712| |World|Solo|Drumming|Championship|17,853|-|17,853|16,517| |Other|2,559|-|2,559|1,800| |Total|494,847|-|494,847|503,740| |NET INCOME|38,644|398|39,042|58,459| |RECONCILIATION OF FUNDS| |Total|funds|brought|forward|733,119|46,862|779,981|721,522| |TOTAL FUNDS CARRIED FORWARD|771,763|47,260|819,023|779,981|

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The notes form part of these financial statements

Page 9

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

BALANCE SHEET

31 DECEMBER 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|£| |FIXED|ASSETS| |Tangible|assets|13|457,148|-|457,148|463,412| |CURRENT ASSETS| |Debtors|14|54,222|-|54,222|5,178| |Cash|in hand|364,187|47,260|411,447|431,886| |418,409|47,260|465,669|437,064| |CREDITORS| |Amounts|falling|due within|one year|15|(88,794)|-|(88,794)|(75,495)| |NET CURRENT ASSETS|329,615|47,260|376,875|361,569| |TOTAL ASSETS|LESS CURRENT| |LIABILITIES|786,763|47,260|834,023|824,981| |CREDITORS| |Amounts|falling due|after more than one year|16|(15,000)|-|(15,000)|(45,000)| |NET ASSETS|771,763|47,260|819,023|779,981| |FUNDS|20| |Unrestricted|funds|771,763|733,119| |Restricted|funds|47,260|46,862| |TOTAL FUNDS|819,023|779,981|

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The financial statements were approved by the Board of Trustees and authorised for issue on 25 February 2026 and were signed on its behalf by:

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y
Robert Niven- Trustee
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The notes form part of these financial statements

Page 10

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025

		2025	2024
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	14,423	57,292
Interestpaid		(3,575)	(1,781)
Interest element ofhirepurchase or finance
lease rental payments paid		(2,991)	(4,096)
Finance costs paid		-	(1,128)
Tax paid		(10,417)	-
Net cash (used in)/providedby operating activities		(2,560)	$0,287
Cash flows from investing activities
Purchase oftangible fixed assets		(2,174)	(1,826)
Interest received		14,295	2,540
Netcash providedby investing activities		12,121	714
Cash flows from financing activities
Loanrepayments inyear		(30,000)	(30,000)
Net cashused infinancingactivities		(30,000)	(30,000)
Change in cash and cash equivalents in
the reporting period		(20,439)	21,001
Cash and cash equivalents at the
beginning ofthe reportingperiod		431,886	410,885
Cash and cash equivalents at the end of
thereportingperiod		411,447	431,886

The notes form part of these financial statements

Page 11

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
		2025	2024
		£	£
Netincome forthe reporting period (as perthe Statement of Financial
Activities)		39,042	58,459
Adjustments for:
Depreciation charges		8,437	8,048
Interestreceived		(14,295)	(2,540)
Interestpaid		3,575	1,781
Interest elementofhirepurchase and finance lease rentalpayments		2,991	4,096
Finance costs		-	1,128
(Increase)/decrease in debtors Increase/(decrease) increditors		(38,627) 13,300	6,399 (20,079)
Netcash provided by operations		14,423	57,292
ANALYSISOFCHANGESINNETFUNDS
	At 1.1.25	Cash flow	At31.12.25
	£	£	£
Net cash
Cash atbank and inhand	431,886	(20,439)	411,447
	431,886	(20,439)	411,447
Debt
Debts fallingduewithin 1 year	(30,000)	-	(30,000)
Debts fallingdue after 1 year	(45,000)	30,000	(15,000)
	(75,000)	30,000	(45,000)
Total	356,886	9,561	366,447

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Where practicable, income is related to the charitable activities of the Association (e.g. Pipe Band Championships).

Charitable activities

Sponsorship received from local authorities is recognised in the period in which the event takes place. Income from entrance fees, programme sales and advertising are recognised in the period in which the event takes place.

Other trading activities

Subscriptions from members are credited in full as income in the period in which they relate. Subscriptions received in advance are included in deferred income.

Other income

Band fines, website advertising, royalties and copyright are credited in full as income in the period in which they are received.

Government grants

Income from government and other grants, whether 'capital' or 'revenue' grants, is recognised when the Association has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

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.

Charitable activities

Comprises those costs incurred by the Association in the delivery of its charitable activities and services.

Allocation of support costs

Support costs are those functions that assist the work of the Association but do not directly undertake charitable activities. Support costs include office running costs, payroll and governance costs. These costs are allocated to expenditure on charitable activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on reducing balance Fixtures and fittings - 20% on reducing balance

At each reporting date the Association assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from Corporation Tax on its charitable activities.

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.

Unrestricted general reserves

Unrestricted general funds are available for use at the discretion of the Board of Directors in the furtherance of the general objects of the Association and which have not been designated for other purposes.

Restricted property reserves

Restricted property funds are available for the sole purpose of property repairs or renovation works.

Hire purchase and leasing commitments

The Association classifies the lease of photocopiers and printers as operating leases; the title to the equipment remains with the lessor and the equipment is replaced every 5 years whilst the economic life of such equipment is normally 10 years. Rental charges are charged ona straight-line basis over the term of the lease.

2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In preparing the financial statements, management is required to make estimates and assumptions which affect reported results, financial position and disclosure of contingencies. Use of available information and application of judgement are inherent in the formation of the estimates, together with past experiences and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

The directors are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied to the depreciation rates. Depreciation rates have been deemed to be appropriate for the class of assets.

DONATIONS AND LEGACIES

DONATIONS AND LEGACIESLEGACIES
	2025	2024
	£	£
Donations	9,517	1,080
OTHERTRADINGACTIVITIES
	2025	2024
	£	£
Subscriptions	62,493	87,644
Publication and sales	1,439	125
	63,932	87,769

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

5.	INVESTMENT INCOME
				2025	2024
				£	£
	Deposit account interest			14,295	2,540
6.	INCOMEFROMCHARITABLE ACTIVITIES
				2025	2024
		Activity		£	£
	Charitable activities	Scottish PipeBandChampionship		74,942	73,943
	Charitable activities	PipeBandCollege		23,605	16,723
	Charitable activities	WorldPipeBand Championship		227,315	254,419
	Charitable activities	European PipeBand Championship		101,538	55,515
	Charitable activities	British PipeBand Championship		-	52,760
	Charitable activities	UKPipeBand Championship		6,203	1,878
	Charitable activities	World SoloDrumming Championship		8,536	8,841
				442,139	464,079
7.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 8)	Totals
			£	£	£
	Scottish PipeBand Championship		35,838	47,289	83,127
	PipeBand College		19,963	-	19,963
	World PipeBand Championship		93,562	94,580	188,142
	European PipeBand Championship		57,671	47,289	104,960
	British PipeBand Championship		865	-	865
	UKPipeBand Championship		32,647	44,731	77,378
	World Solo Drumming Championship		16,853	1,000	17,853
			257,399	234,889	492,288
8.	SUPPORT COSTS
				Governance
			Management	costs	Totals
			£	£	£
	Scottish Pipe Band Championship		45,596	1,693	47,289
	WorldPipeBandChampionship		91,192	3,388	94,580
	European PipeBand Championship		45,595	1,694	47,289
	UKPipe Band Championship		43,037	1,694	44,731
	World SoloDrumming Championship		1,000	-	1,000
			226,420	8,469	234,889

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

==> picture [442 x 58] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |£|£| |Auditors'|remuneration|5,900|5,617| |Depreciation|- owned|assets|8,438|8,049| |Other operating|leases|2,446|4,495|

----- End of picture text -----

$TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

==> picture [478 x 409] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |11.|STAFF|COSTS| |2025|2024| |=|£| |Wages|and|salaries|146,803|117,415| |146,803|117,415| |The|average monthly number of employees|during|the year was|as|follows:| |2025|2024| |Admin|6|+| |No|employees|received emoluments|in|excess|of £60,000.| |12.|COMPARATIVES FOR THE|STATEMENT|OF FINANCIAL|ACTIVITIES| |Unrestricted|Restricted|Total| |fund|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations|and|legacies|1,080|-|1,080| |Charitable|activities| |Scottish Pipe Band Championship|73,943|-|73,943| |Pipe Band|College|16,723|-|16,723| |World|Pipe Band|Championship|254,419|-|254,419| |European Pipe Band|Championship|95,515|-|55,515| |British|Pipe Band|Championship|52,750|-|52,750| |UK Pipe Band|Championship|1,878|-|1,878| |World|Solo Drumming|Championship|8,841|-|8,841| |Other|trading|activities|87,609|160|87,769| |Investment|income|2,540|-|2,540| |Other|income|6,731|-|6,731| |Total|562,039|160|562,199|

----- End of picture text -----

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

12.	COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES-	COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES-	continued
		Unrestricted	Restricted	Total
		fund	funds	funds
		£	£	£
	EXPENDITURE ON
	Charitable activities
	ScottishPipeBandChampionship	75,526	-	75,526
	PipeBand College	14,621	-	14,621
	World PipeBand Championship	168,015	-	168,015
	EuropeanPipeBand Championship	73,478	-	73,478
	BritishPipeBand Championship	79,421	1,650	81,071
	UK PipeBandChampionship	71,170	1,542	72,712
	World SoloDrumming Championship	16,517	-	16,517
	Other	1,800	-	1,800
	Total	500,548	3,192	503,740
	NETINCOME/(EXPENDITURE)	61,491	(3,032)	58,459
	RECONCILIATIONOFFUNDS
	Total funds brought forward	671,628	49,894	721,522
	TOTALFUNDS CARRIEDFORWARD	733,119	46,862	779,981
13.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	and
		property	fittings	Totals
		£	£	£
	COST
	At 1 January 2025	1,101,484	29,667	1,131,151
	Additions	-	2,174	2,174
	At31 December2025	1,101,484	31,841	1,133,325
	DEPRECIATION
	At 1 January 2025	639,916	27,823	667,739
	Charge foryear	7,232	1,206	8,438
	At 31 December2025	647,148	29,029	676,177
	NETBOOKVALUE
	At31 December2025	454,336	2,812	457,148
	At31December2024	461,568	1,844	463,412

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

14.	DEBTORS: AMOUNTSFALLINGDUE WITHINONEYEAR
		2025	2024
		£	£
	Trade debtors	70	2,525
	VATrecoverable	10,417	-
	Prepayments andaccruedincome	43,735	2,653
		54,222	5,178
15.	CREDITORS: AMOUNTSFALLINGDUE WITHINONEYEAR
		2025	2024
		£	£
	Other loans (see note 17)	30,000	30,000
	Trade creditors	7,029	4,133
	Social security and othertaxes	3,218	F019
	Other creditors	2,508	4,109
	Accruals and deferred income	46,039	29,734
		88,794	75,495
16.	CREDITORS:AMOUNTSFALLINGDUEAFTERMORETHANONEYEAR
		2025	2024
		£	£
	Other loans (seenote 17)	15,000	45,000
17.	LOANS
	An analysis ofthe maturity ofloans isgiven below:
		2025	2024
		£	£
	Amounts falling due within oneyearon demand:
	CBILbank loan	30,000	30,000
	Amounts fallingbetween one andtwo years:
	CBIL loans - 1-2 years	15,000	30,000
	Amounts falling duebetweentwo and five years:
	CBILloans-2-5years	-	15,000

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

==> picture [443 x 33] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |£|£| |Within|one year|1,849|2,620|

----- End of picture text -----

The amount of operating lease payments included as an expense in the year was £1,849 (2024: £2,620).

SECURED DEBTS

The following secured debts are included within creditors:

==> picture [443 x 68] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |£|£| |CBIL|bank|loan|45,000|60,000| |CBIL|bank|loan|-|15,000| |45,000|75,000|

----- End of picture text -----

The CBIL bank loan is secured by a bond and floating charge over the property and undertakings of the Association.

MOVEMENT IN FUNDS

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----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.1.25|in funds|funds|31.12.25| |£|£|£|£| |Unrestricted|funds| |General|Fund|733,119|38,644|(454,336)|317,427| |Designated|Property|Fund|-|-|454,336|454,336| |733,119|38,644|-|771,763| |Restricted|funds| |Restricted|Property Fund|43,889|-|-|43,889| |Adjudicators’|Retirement|Presentation Fund|219|398|-|617| |National|Juvenile|Pipe|Band Fund|2,754|-|-|2,754| |46,862|398|-|47,260| |TOTAL|FUNDS|779,981|39,042|-|819,023|

----- End of picture text -----

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

20. MOVEMENT IN FUNDS- continued

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

==> picture [446 x 561] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|Fund|533,491|(494,847)|38,644| |Restricted|funds| |Adjudicators’|Retirement|Presentation Fund|398|-|398| |TOTAL FUNDS|533,889|(494,847)|39,042| |Comparatives|for movement|in|funds| |Net| |movement|At| |At|1.1.24|in|funds|31.12.24| |£|E|£| |Unrestricted|funds| |General|Fund|671,628|61,491|733,119| |Restricted|funds| |Restricted Property Fund|43,889|-|43,889| |Adjudicators’|Retirement Presentation Fund|130|89|219| |National|Juvenile|Pipe Band Fund|5,875|(3,121)|2,754| |49,894|(3,032)|46,862| |TOTAL FUNDS|721,522|58,459|779,981| |Comparative|net movement|in|funds,|included|in the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|Fund|562,039|(500,548)|61,491| |Restricted|funds| |Adjudicators’|Retirement Presentation Fund|160|(71)|89| |National|Juvenile Pipe Band Fund|-|(3,121)|(3,121)| |160|(3,192)|(3,032)| |TOTAL FUNDS|562,199|(503,740)|58,459|

----- End of picture text -----

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THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025

20. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

==> picture [445 x 209] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.1.24|in|funds|funds|31.12.25| |£|£|£|£| |Unrestricted|funds| |General|Fund|671,628|100,135|(454,336)|317,427| |Designated|Property Fund|-|-|454,336|454,336| |671,628|100,135|-|771,763| |Restricted|funds| |Restricted|Property|Fund|43,889|-|-|43,889| |Adjudicators’|Retirement|Presentation|Fund|130|487|-|617| |National|Juvenile|Pipe Band Fund|5,875|(3,121)|-|2,754| |49,894|(2,634)|-|47,260| |TOTAL FUNDS|721,522|97,501|-|819,023|

----- End of picture text -----

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

==> picture [448 x 150] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|Fund|1,095,530|(995,395)|100,135| |Restricted|funds| |Adjudicators’|Retirement Presentation Fund|558|(71)|487| |National|Juvenile|Pipe Band Fund|-|(3,121)|(3,121)| |558|(3,192)|(2,634)| |TOTAL FUNDS|1,096,088|(998,587)|97,501|

----- End of picture text -----

EMPLOYEE BENEFIT OBLIGATIONS

The Association operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Association in an independently administered fund. The pension costs and charge represents contributions payable by the Association to the fund and amounted to £6,673 (2024: £1,965). At 31 December 2025 contributions amounting to £538 (2024: £477) were payable to the fund and were included in creditors.

RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.

Page 21

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

DETAILED STATEMENT OF FINANCIAL ACTIVITIESSTATEMENT OF FINANCIAL ACTIVITIESOF FINANCIAL ACTIVITIESFINANCIAL ACTIVITIESACTIVITIES FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 DECEMBER 2025
	2025	2024
	£	£
INCOMEANDENDOWMENTS
Donations and legacies Donations	__9,517	___1,080
Othertrading activities Subscriptions Publication and sales	62,493 1,439	87,644 125
	63,932	_87,769
Investment income
Deposit account interest	14,295	2,540
Charitable activities
Charitable activities	442,139	464,079
Other income
Band fines	-	759
Royalties andcopyright	3,992	1,361
Sundryincome	14	4,611
	4,006	6,731
Totalincoming resources	533,889	562,199
EXPENDITURE
Charitable activities
Prizes Adjudicators expenses	102,549 35,384	124,890 52,083
Stewards expenses	9,874	13,771
Officials expenses	9,718	22,429
Compilers expenses	8,467	4,579
Trophy expenses	6,459	2,160
Officers expenses	231	5,106
Programmes Catering Radio hire	12,399 13,869 1,632	5,198 88 1,600
Dancers expenses	-	775
Examination expenses	12,943	12,014
Summer school costs	3,963	2,607
Miscellaneous Administrationexpenses Accommodation expenses	133 4,437 9,361	5,394 29,013 12,258
Advertisingexpenses	-	1,412
Hire ofequipment	22,963	-
Training	3,017	-
	257,399	295,377

This page does not form part of the statutory financial statements

Page 22

THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

==> picture [482 x 472] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Charitable|activities| |Other| |Website|costs|2,559|1,800| |Support|costs| |Management| |Wages|’|146,803|117,415| |Other|operating|leases|2,446|4,495| |Rates|and water|14,325|14,870| |Light|and|heat|6,966|5,449| |Telephone|and|internet|5,101|6,677| |Postage|and|stationery|5,608|7,986| |Advertising|75|353| |Sundries|8,144|4,466| |Repairs|and maintenance|3,850|4,646| |IT expenses|4,469|5,385| |Entertainment|869|715| |Workwear|-|1,271| |Training|-|400| |Assessor|fees|-|1,144| |Donations|-|400| |Travel|and|accommodation|12,761|10,136| |Depreciation|of tangible|and|heritage|assets|8,437|8,048| |Bank|interest|-|398| |Bank|charges|3,575|1,383| |Finance|charges|2,991|4,096| |Late VAT payment|interest|-|1,128| |226,420|200,861| |Governance|costs| |Auditors'|remuneration|5,900|5,617| |AGM|and|Trustee|meeting|expenses|2,569|85| |8,469|5,702| |Total|resources|expended|494,847|503,740| |Net income|39,042|58,459|

----- End of picture text -----

This page does not form part of the statutory financial statements Page 23