Crieff Highland Gathering Charitable Trust Trusteeg Annual Report and Accounts for the year ended 31st October 2024 Trustees, Annual Report Forthe yÈèrÈnded 31¢ Qctober 2024 Crteff HiehlaDd GathEITng Charitable Tr￿t Contents Page Trustee5' annual report Independent examinerf5 repM)rt Receipts and Payments Account for the yèar ended 31" Ortober 2024 statement of &lances as at 31. October 2024 Note5 to the accounts 7-8 Trustees. Annual Report rthÉbbwrei¢ed 3JA(*tob2r 2024 Pl8P￿lI Ciaritabe Trjst Scrtrlsh Charrty Number SC027191 Current Trustees Conts¢t address Clo 3 Skye Crestent, Crieff, Perthshire PH7 3FB Reuultment and appointment of tru5tee5 The tru5tee5 are appointed in accordancè wrh the trust deed dated 24 . October 1997. Indu¢tion and trainingol new trustses The 3Ims, c)bjertives and current activities of "he chartty are ful￿ explained to neiv trustees and they are made aware of the requirements conrained in the publica'.tons °Guidance for TrL.Mees° ané Charity Commisslun PL,blicatlon -CC>Responsibilities ¢if Chari* Trustee Charltable purposes Th? principal objects of the Trust are to advance the education uf the public and p?rticulady the inhabitants of Crieff and Stra-:heam, In Scottish and Highland culture, history and genealogv. Activities and achlevwnÈnts We are pleased tD repDrt th* the Trust made charitable donatiolls during the year of £3,65012023- £12,625). Funds of £3,150 were made available to Qieff Highland Gathering for the followinE.' Contribution to consuliancy fees relating to an ongoing project determining the governance and funding of Crieff Hlghland Gatherlng Crleff Country Dance Club wa5 awarded £5(￿ to a5515t ￿ry[h their rnnning costs. The Trust supported the running of Crieff Highland GaLherinE by making free banknng facilities available on the days around the Gathering. This s2vod the Gathering several hL'ndred po¥né5 in bank charges and as a result donated to the Trust £30012023- £3¢XI. Heartland Radla via Creative Crieff, Crieffs local radio station. donatèd £6,924 for music event co¥ts, these funds have b@en retained tD be used In futbre years. The trustees are gratefL,I to Heartland Radio for thelr support. Trustees, Annual Report F¢KthE yEJf en-.cd 31#OELc&er 2?2L CriEflHiEh￿rO 6¥￿thaT1t￿1eTty Actlvltles and achIe￿rnents Iconed) The Tnjst would like to express wt5 thanks to Crieff Highland Gathering for their generous donatlctrn5 totalllng £15.02512023 - £6.1151. which includes the patrorts, income paid di￿tlY to the Trust. The Trust continues to seek publicity In the local pre55 to ensure that the wblic of s*ra-he3rn are awa￿ of the haritable work carried out and the grants avarlable. Trustee remuneratlon and e¥per The trust￿ did not receive any remuneration or expenses during the VEar. Rlsk mana8eMent The trust&es have considered the risks to whith the charity is exposed. These relate in the maln to Investment management and have been ameliorated by the employrnent of an investmènt manager. Anc¢ther ri5kto which the ch£ri(v Is exposed is fraud. However, the trustees considerthe low level of donations made bythe Trust redu￿5 this risk. In addrfcion, at least one of the trustees will have some knowledge of any one to whom a donatlon Is made. Reserves The trust generated a cash surplus of £20.27312D23- £10,408). the 5urplu5 15 mainly attributable to a larger contribution from Crieff Highland Gathering. At Ihe reporting date, the restrlrted thnes totalled £23.824I2023-£I6,￿OI and the unmstricted funds £208.65512023- £169,6441- I hese fL'nds indude cash at bank, inve5tsnents and fixed assets. The trustee5' policy is to disburse rr.ost of the net Incor￿ in donations each year and to utilise the free reserves in any years of deficlL The trustees are sat15fied that there ale sufficient reserves to meet thc roquirem.ent5 of the trust overthe next twelve manths. Approved by the trustees on 17" March 2025 and signed on theli b￿half by Independent Examiner's Report to the Trustees Fortheyear endec 3-. ° OrtebEr 2024 iEff 4i8ilJid 6￿h￿..￿ (trAritabk TwL51 I report on the accounts oil the chari-.yfor the yearto 315: October 2024 which are se=. out on pages 5 to 8. Respectfve responsllmlitiès of trustqes and examlner The Chartty's trustees are responsible for the preparation of the account5 in accordance wrch th? t?rm5 cf the Charities and Trusiee In¥estrnent Iscodandl Att. 20051-the 2005 Act-l and the Charries Accounts1sco..landl Regulatlons 2C(J6 las amencedl I'the 20D6 Regulations") I'he Charl￿5 Iru5tees consider that the audlt requiremènt of Regulation ioiilldl of the 2006 Re8vlations does not apply. It 15 my respDnsibility to examine the accounts a5 required under Section 44llllcl of the 2005 Act and to t.a'.e whether particular matter5 have corne to my atten=ion. Basls of Independent exami￿￿$ statement My exarnination 15 carried out Irb a¢¢ordance wlth Regulah"on 11 of the 2￿1& Regulalions. An examlnatlon includes a review of the actountinB records kept byihe Charity aAd a comporison of the accounts presented with those records. It also indudes consioeration of any unusual r(em5 tkr di5c105ure5 In the accounts, and seek5 explanatlorLS from the-rustee5 concerning any such matters. The procedires undertaken do not provlde all the evidence that would be required in an audiL and consetsuently. I do not express an auéit opinion on".h VI￿ given by the accoun:s. Independent examIne￿$ st*emeDt In connettlon with my èxamination, no matter has come to my attentlon which gives me reasonablE cause to believe that, in any material respect of the requiremènts- to keep accounting rc¢ord5 in accordance wth Sectlon 4411}lal of the 20D5 Act and Regulations 4 of the 2006 Regulatiors. and to prepare accounts which accord wfch the accounting records and compw wlth Regulation g of the 2006 Regulations have not been meK* or 2. to which. in my opinion, attention should be dravm in oréer to enable a proper understandlng of the a¢¢tsunt5 to be reached. oran o)n Algo BL'slne5s Cenire GIEnearn Road Perth PH2 Q)NJ Drummon Laurfe Chartered Accountsn Date.. Receipts and Payments Account as ai 31*0tt(thr2024 CriefKHi¥hLind Gatherin¥ CnarIta￿￿TTllSt 2024 2024 Unrestrlcted Restricted 2024 Total 2023 Total Note Recelpts Investment income Interest Donations 3.698 3,698 3.777 io 19,880 15.306 6,924 22.230 Sole of Inwestments Investments 16,466 Totsl receipts 19X#M 6,924 25,928 40,133 Payments Puymentsforchoritoble octivities.. Grants and donation5 awarded 3,650 3,650 12,625 Investment mana8ernent costs 2,005 2,016 Purchuse of investments Investments 15,084 Total payments 5.655 5,65S 29,725 Net reteipts / Ipaymentsl 13.349 6.924 20.273 10,408 Transferto I Ifroml fund5 Surplu5 1 Idefidtl foryear 13.349 6,924 20273 10,408 Total funds brought fO￿ard 10.868 16,gX) 27.768 17,360 Total hjnds carrted forward 24,217 23￿24 48,041 27,768 Staternent of Balan¢e5 a5 *3-* CknJEr2024 41iiknd knf4arrtaJkT'L5t 1024 2024 Unrestrlcted Restrlrted 20Z4 Total 2D23 Total Funds reconciliatlon Openlng cash at bank and in hand Surplu51 Ideficitl for year 10,868 13,349 16.9LK) 6,924 27,768 20.273 17,360 10,408 Closing ￿$h at bank and in hand 24217 23024 48.041 27,768 Bank and ¢ash balanee5 nk of Scoi13nd current account Rathbones Income account R*hbones capltal account 13,981 10,236 23,8Z4 37.805 IOA36 19,224 8,672 11281 24217 23,824 48.041 27,768 Investments (Unrestrirted FuThll aiket valuation as at 31:- Ortober 2023 Addltlons Dlsposals Increaselldecreasel in maiket valLe 158.775 158,775 165,631 15.0&4 116,466 15,4741 25.662 25,662 Market valuation a5 Ot 31° October 2024 184,437 184N37 158.775 Flxed Assets Iunrestrfrted Fund) Cost as at 31?t OctDber 2023 AdditlDns Disposals Cost as at 31" October 2024 The notE5 Dn pages 7".0 8 form an integral part of these accounts. Approvéd by the trustees on 17, March 2025 ané si.ryned on their behalf by Notes to the Accounts asat 31￿{k￿r 2024 Crieff Mtghl•Trd GatheringtharitakleTrust l. Basls of accountlng These accounts have been prepared on the Receipts & Payments basis in accordance with the Charitles & Trustees Investment Iscgtlandl Act 2(X)5 and the Charities AccoLnts15coilandl Regulations 2(KJ6 las amendedl. 2. Fund accountlnl Unrestrirted funds be used in accordance with the charitable objectNes at the discretion of the trustees. Restricted funds only be used for partlcular res+rirted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raised for particular restrirted purposes. 3. Related partytran5aCtlons The Trustees are all directors of Crieff Highlan(5 Gathering Lrrnited 4. Grants and donatiQn5 awarded 2024 2024 Unrestrfrted Restrfcted 2024 Total 2023 Total Crieff Country Dance Club Supporting the CHG Music Event Contribution to CHG promotion of solo piping A5SiSting wkth CHG consvltancy fees 51 500 3,512 1,000 8,113 3,150 3.150 3.650 3ffj50 12,625 Notes to the Accounts a5 at 31$ ￿QaerI024 fxieff H.6h.and GatY."InE tharitaYeTru 6. Movement In funds Net 0111112023 mo¥ement In funds Transfers between fvnd5 3111012024 Movement In funds Unrestrlrted funds General fvnd 10,868 13,349 24.217 Restrkted funds Music festival fund Marketlng costs 11,9C(J 6.924 18,824 5,000 16,9C 6,924 23,824 27.768 20,273 48,041 Net movements in funds Included In the abo¥È Incomlng Resourtes resources expènded Movement In funds Restricted fijnds Music festival fund 6,924 6,924 6,924 6,924 Unrestrlrted funds General fund 19,004 15,6551 13,349 25.928 15,6551 20,273 7. Purwses of Restrkted Fund5 Music festival fund- ass15ts with the fvnding of the annual Crieff Highland Gathering muslc event. Marketlll8 C05ts- funds associated ￿th the ongoing upgrade and development of CHG website and general enhancement ol the marketing activities.