Chrlty r•gl•trallon numb•r SC049396 {Scotl•ndl VALE OF ATHOLL PIPERS. ASSOCIATION SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO LEGAL AND ADMINISTRATIVE INFORMATION Tru¥t••s Charbty numb•r ISeotl•ndl SC049396 Prlnclpal *ddr••• Ind•p•nd•nt •x•mln•r Azets Audrt Sefyi S Whrtefriars Crescenl Uniled "9dl PH2 OPA 8•nk•rJ Bank of Scollènd 76 Atholl Road Prtlochry Perth5hire United bfj"ngdom PH16 58W Sollc5torn J & H Mrtch811 WS 51 Athojl Road Prflochry Perthshire Unrted 'ngdoM PH16 5BU
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO CONTENTS P•9• Truslfjes. r•F Indop•nd•nl •x*nln•rfo ro Stsl•m•nt of ffin•nclal •cli¥itl•i B•hnc• SI1 Not•8 to th• fin•nriJl s1•l•ffts 8-15
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Iru$lge$ present their annual rek)Ort and financial ststemenls for the year ended 30 September 2024. The ffinancial $18lements have been Prepared in accordance wilh the acunting Oicies sel OLrt in note 1 to the finanual statements and comply wrth the chanVs tgoveming docjjmenll. the Charities and Trustee Investment Iscotlandl Act 2005. th• Charits Account$ IS¢ollandl RulatlAS 20C6 las amandodl and "Accounling and Reporting by Charities" Slalemenl of Recomfflended Pr8th"¢e applicable io charrties preparing their acujunts in accordan¢¥ with Ihe Finan•1 Rewing Standard awJltsbbE in the UK and Republic of Irfjland {FRS 1021" leffe¢live 1 January 2019). ObJ•cllv•s and actlvlUo8 The SCIO was incorporated on 19 June 2079 83 a rwlt of a SCIO applut by Vale of Alholl Pip8r$ Assouation, a charity r[Stered as a Scottish Charty $in¢• 1 January 1W. On 15 November 2019 thg n•1 a$$et$ ol the previous charity We gtfted lo the SCIO. Th• SCIO'S gov•ming d¢xxJmenl ¢5 rts Con5tittJtKJn and the obJ'ed$ are lo advJncE the educath?n ol the public, particularly young people living in the Vale ol Atholl and surrounding areas in the art of bagpipe playing and dfurnming, by the presentation of pU•C p8rformance and othef related activities to promote. a¢vance and encourage bagpipe playing and drummin9 and to promote the tradrtions ol 'pe band mus. Th• poliug$ adopt•d In fvrfherancfr ol oty"e¢is #w set in th• Consb"lub"on thère has begn no ¢h8n in these during the year. The Iru$let8 h•v6 paid ¢kn Tegard to guIdar• issued by th8 Office of Ihe Scottish Chanty Rogulalor In dèciding what adivities the chanty should undortak•. Achl•¥•m•nts and p•rf¢rnwn¢• The band started off the year with thgir annual jUnr h'smng and Drumming Solo compets'lion held in January in Pillochry High School. The BBC film uew filmed all day l¢)ng and we were deli9hte¢J that quite a bil of rt wo$ $hown on the Friday"One Show.. They were amazed 81 the amnI ofyoung8lers playing pipes and drums. The Grade 3 an¢J Grade 4 bands had a very $ucce$slul year winning trophies al the British, UK, Scottish. European and Vvortd Champiorbships and many mIr competstions. The Grade 3 band wgr• $0 $uc¢•$sful. they have been prornoled to Grade 2. Tho band played at dflerent events during the year dUdn9 The Prflochry New Year Slre•t Paty. The Scottish Game Fair. Beal Retreats at tho BntannB and the National Mus•Jm of ScOtnd. Gala day$. Highland Gamgs and the Rernembrance Day Parade. Our tuition programme has brou9hl on youn9 ty.perg and drummers and wè were de1hled lo get th8m kttted out and playing wrth thè band al engagements and Highland Nigh1$. We held 15 Highland Nighls during the soason in Ihe Prflo¢hry Retrealion Ground entertaining hundreds of tOUWi5ts. Flnancl•l revlew It 1$ the pdicy of th¢ ¢h¥ity that unreslricled furbd5 whith have not been de$KJn¥led for a specffic use should be maintained al g level equivalent lo behveen three and srx month's experhdilure. The trustees consi¢Jer that reserves al this level will ensure that. in ihe event ol a sHJnfficant drop in ftjndirw, Ihey will be able to conlinue the harity'5 currenl activrties while consideration is given lo way5 in whKh addrtional fvnds may be rais. This level of reserves has been maintained throughout the year. The trustees have assessed Ihe major risks to whth the thaity is exposed, and are sattsfied that $yslems are in place to mitigate exposure to the major risks.
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Wg havg been v8ry fortunate in lh¥ yoar to foc81 wants of dOnati(S lotalling £17.941. This has allowed us to ¢onlinu• wjth our tuAI'on programm¢. IA 11 continu• wilh Ih's PfO9ramme in the year ahead 8nd prepare as many of our youngsters as possible foT rnpen9. The money received from granls al dOnatS along wilh money raised wa band subscriptKJns. prize money and fundraising allows the band trj conknue to ojrnpete at major and local competition$ aswell as purch88ing more n•w unrfom) as the band gr$. Structur•. gov•rn•nc• •nd m•n•g•ment The Vale olAlholl Pipers, Association SCIO is ¥ r•cwised charty in Scotland ommod by its ConslitutKJn. IrLHTrlppo qav4JwI Tho powers lor &pwinlmnl and romov81 ol Iru$toes aft 881 1 Chonly'$ C$ttth. A board ol trust5 8dminislor5 the charity. Indiwdual$ ar8 invrted by Ihe board to bocnmo trustoes and are seledod on tho basis of thgir o)mmilm•nl lo a¢hi¥Mng th8 objgclivas of th8 SCIO. The Iruslee$' report was approved by the Board orTnte•s. Trustee Dalod. 20 March 2025
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VALE OF ATHOLL PIPERS. ASSOCIATION SCIO l Teport on the fin¥nrial $lal¢ments of th• charity the y•ar ended 30 Seplember 2024, which ar• sel out on pages 4 to 15. R•sp•¢tlv• rnspon•lbllltlM of trust••4 and •umiMr The charity's trustees are responsib lor the preparation of Ihe finanoal 5ts1emen15 In aC(danCe with the lerffls of the Chanties and Trustee Investments (Scotlandl Aca 25 and the Char[tS Accounts Iscotlandl RegulatK)ns 2006. The ¢haity'$ Iruslees consider that Ihe audit requiremenl ol Regulalion 10111{al to Icl ol the 2006 AOunt$ Regulations dogs not apply. It is my r•spOnblty lo exami finanual statements as r•quir•d und•r seth.on 4411llcl of IheAct and lo stale whether particular matters have to my attèntion. B••l• of Ind•p•nd•nt •x•mln•rf• •tst•ffl•nt My examinalion is carried out acwrdance wth Regulat 11 of th• 2LK6 Accounts Regulations. An examination includes a review ol Ihe accounting records kept by Iht charrty and 8 Mmpanson of the financAal statemènts presented with those records. It also indudes CKInsera1lOD ol any unusual rtems or disdosures in Ihe finan¢ial $tslemènt$, and $8eks explanations from the trustees conceming any such matters. Th& proc8dur•s nderlakèn dts not provide all the ovidence that woukl be required in an audit and consequènlly l 6) nol expr¥$$ an audit op1ron on th• Yiew giv¢n by Ihe financial st8twnonts. l•)d•p•nd•nt •x•mln•rf tst•m•nt Your attentKn is drawn to the fa¢t that the ¢harty ha$ prepard finanual slal•meni$ in accorda wNh Accounting and reporting by Charibes prenn9 Ihw"r x¢ounls in aordance with the Fln8ncial Rewting Slandard applicable in the UK and ReputAic of IrelarTrd IFRS 102} in preference lo the Accounting and Reporting by Charit*s. Slalement ol ReCmMended PractKe Issued on 1 Aprd 2005 whi¢h is referred to in the extant egulatsons but ha$ ncw bagn withdrawn. l undtrstand that this has b••n don• in order for th• financ#al slalements to prO¥K a trw and fair wew In accordance wrth General Ac¢epled A¢¢ounling Pra¢ti¢e •ffecti¥g for reporting per5 b•glnnlng on or 8ft•r 1 January 2015. In ¢onn8¢lion wrth my examinatn. no olher matter èxcept that rtltrr•d lo in th• prwou5 paragraph ha5 come lo my attention". 101 vthKh gives me reasonable cause to believe that in 8ny maierK81 re$pe¢t the wuiremenl5. lil lo keep aCVnI1n9 ie¢ord$ in a¢coft1an¢é with sedion 44{11 la) ol tha 2005 Ad and Re9ulalion 4 the 20ChS Accounts Regulabon$'. ana lill lo ppare finan¢rdl $lalem•nts whth xcord with lh• accountiThJ r•cords and eom wrth R•gul8lwJn 6 ol the 2006 Accounls Regulations". hav• not b8en mel or Ibl lo which in my opinion, attentK 8htxAd be drawn i) order to eftab ¥ proper understanding of I financi31 slalemenls lo be reached. Azels Audit Services 5 Whitefriars Crescent Perth PH2 OPA unrt ngdoM Dated." 20 Mar¢h 2025
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrnstricted Re•tricted funds funds 2024 2024 Tot•1 Unmtrict•d R•strl¢tsd funds funds 2023 2023 Total 2024 2023 Not•• Donations and legacie5 ChorilatAe 8Ctrvibes Other trading activili&$ 17.941 10.692 17.941 10.892 16.8C 10.501 13.999 30.799 10.501 35,141 3S.141 33.028 5,605 38.633 Totsl Incom• 63.974 63.974 00,329 19.604 79,933 Raising funds 170 170 Charilable actiwlMs 64,307 13,802 40.468 11,498 51,966 Totsl •xp•ndltur• 64,307 13.602 77.9 40,468 11.668 52,138 N•t loutgo5ngVlncofflln9 r•8ourc•• b•for• nsf•rs 1333) {13,602} (13.935) 19.861 7,936 27.797 Gross transfers belween fvnds {5.eé6) N•t l•xp•ndliur•Vlncom• for th• y•arl N•t mov•m•nt In fund• 15,9991 {7.9361 {13.9351 19,861 7.938 27,797 Fund balancAs at 1 October 2023 41,057 9.4C6 50.483 21.196 1.470 22,666 Fund balances •t 30 S•pt•mb•r 2024 1.470 36.528 41,057 50.483 The stslemenl olfinancial act1w15 Indudes am gains and losses recognised in the year. All income and expendrlure derive from continUg acts¥fyIi.
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO BALANCE SHEET ASAT 30 SEPTEMBER 2024 2024 2023 Notss Tangl• ass•ts 11 1,614 Curr•nt a•••ts Slocs Debtors Cash at bank and in hond 12 13 1.435 1,786 41.187 1,248 1,753 48,658 51,659 Cr•dltov•: amounts 14lllng du• wlthln on• y••r 14 (9,151) 12.8101 Net currgnt ass•ts 35,237 48,849 Totsl M•ts IM• cun•nl Il•bSllti•* 36.528 50.463 In¢om• fund• Restricted funds Unreslricted fvnds 16 1.470 35.058 41.057 36,52 50.463 The finan¢gi I siatements wtrre approv by the Trustees on 20 March 2025 Trustee
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng poll¢l¢s Ch•rlty Infonn•tlon Vale ol Alholl Pipers. As50fAabon SCIO is a Scottish Charitable Incorporated Organisation rscio.) (Charity No. SC0493961. The r8gist8r8d addr8ss is 1.1 Aeeounllng c•nv•ntlon The financial statements haw beèn preparèd in a¢¢ordan¢e wrth the chontys Constrtubon, Ihe Charities and Trustee Investmènt IS¢otlandl Act 2CM)5. the Charrties Acwunts IScLJllandl Regulations 2rTh la5 amendedl and Accounting and Rtrporting by Chanties. Statement of Recommended Pra¢b'¢e applicabbe to chantigs pr&paring Ih&ir accounts in accordance wrth Ihe Financial Reporti'ng Standard applKable in the UK and Republic ol lieland IFRS 1021 leffectNe 1 January 20191". The Charty is o Publ Bènefrt Enlrty as defined ty FRS 102. The charity has iak8n advantage oflhe proylsKns in Ihe SORP for chall1 applying FRS 102 Upda Buletin 1 nol to prepar& a Stslemtnt ol Cash Flows. The fin8n¢i81 $talement5 have departed from tho Chari18 IAecwnt$ ard Reports) Regulatlons 2008 onty to Ihe extent required lo prowde a Irue and fair ew. This departure has invofved lollow'ng the Slalemenl of Recornmended Praclice lor ¢harrtie$ applying FRS 102 ralhei Ihèn the version ol the Sl8lement of Recofflmended Praaicg which ts r•l•rred lo in the Regulalths but whH has since been wilhdrawn. The flnandal 8lalemonls 8rè prepared in sterh'ThJ. tlthith is lh• fiJn¢lwl rrencY of Ihe (arity. Monethry amounts in Ihèse financ1 slalements ar8 round8d to the neargst £. The finanrial 8tatem6nls havo beon prnp¥•d under t hist¥1 51 I))nnIN. Th8 winupol accounting poliries adopted are Set out below. 1.2 Golng ¢on¢•m Al the time ol approvin9 lh• financial slalements. the twsiees have a reasonable exptatIon Ihat the charity has adequate resources lo ntInue In oporational ex15tence lor the foreseea• future. Thus Ihe tntstees contrnu• to adopt the going ¢M¢em basis of ac¢ountirvJ In preparing iho financAal stalemenls. 1.3 Ch•rltsbl• fitnd• Unrestricted funds are a¥adab for uso al Ihe d1suellc of the trustees in lurtheranc* of Ih8lr charrtablè obj'ectives. Restricted fvnds are subject lo speufic conditnS by donors as to they may bè used. The purwses and uses of the ieslricted funds are set out in ihe notès lo the ffinanoal stolemenls. 1A In¢om• Income is reeognlsea when the charity is legaly errtitled to rt Ifter any performanc• nditIlS have been met. the amounts ¢an be measured reliabty. and it is probabte that income will be recoived. Cash donations are re¢ognised (M) re¢ery)l. Other donab'¢)ns a recognised once the charity has been notified of the donation, unlÈs$ performance ¢ondrtns require defeal of the amount. Ir)come tsx recVerable in relation to donations ceIVed Under GiftAid or deeds of covenant is recognised at thè bme Of the donalion. Legacies are r8cognis8d on receipt or othèThwse rf the charty has been notffied of an impending distribution. the amounl is known. and recejpt B expe<aed. If the am¢)urt is not known, the legacy is Irealed as a conlingenl assel.
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ounting pothcies (Continu•dl 1.6 exp•ndltur• Liabililies are recognised as expenditure as soon as there a le9al or constrLTrdive obligation commrttin9 the charity lo that expendilufe, it 1$ probable Ihal a iran$fer of e¢onomi¢ b&neffts will be required in settlement and the amount of th• obligation ¢an be mtrasured reliabty. EXpendrtU is a¢counted for on an accruals basis and has been dassthed under heading5 that aggregale all o)sl rdated to Ihe category. Where eosls cannot be diro¢tly allributed lo particular headings they have been albcated to actiwlies on a ba$1$ consistent wrth the use ol resources. 1.6 Tnglbl• Ilx•d a•••ts Tangible fixed 8ssels a Inrtially measur8d al c051 arKI subs8quentty measured at 5¢ or valuab'tsn, nel of dèprec1ian and any impairment losses. Deprecialion is recognised so as to wrile off the cost or Valuat of assets less their re$kluo1 values over the useful lives on Ihe following bases.. FlU8 and fittings 20% on redurAng balanc• Th& gain or lo$$ ansing on Ihe disposal of an asset is delermined as the drfference betweèn the sale proceeds and Ihè carrying vabje ol the assel. and M i•o)gni8ed in the statenwil ol financial adivrt$. 1.7 Imp•lmi•nt of fix•d •#i•t• Al each reporting ¥nd dale, the chanty reviews the ¢arying 8mounl$ of its langible assets lo delemiine whèlhèr there 1$ any Int$1tIon thal th05e a55e15 have suffered an Impairmenl kjss. If any such indicalion exists. Ihtr r¢¢o*fable afflount ol the asset ts estimaled In order lo determine the •xt•nl of the imp8irmenl 108s1rf any). 1.0 Sto¢k• Stocks are statad at Ihe lower of cost and eslimaled seling less c4$1s lo complot• and sell. Co$1 comprises dire¢t malfjriaLs and. where 8Oi¢able. direct labour costs and those overheads that have been incurred in bringing Ihe sl¢¢ks lo their present location and Condrtion. Ilems hekl for distnbulitsn at no or nom#ial consideraiTron affj me•sured Ihe ltrwtr of replacement cost and cost. Nel realisable value 1$ the esh'maled selling prKe less all ests"m8ted costs of cA)Mpb.On ond cos18 lo bo Incurred in marketing. seling and di$trItyJln. 1.9 Ca•h and c••h •quiv•l•nts C8$h and ¢a$h equiv8lenl¥ include cash in hand. deposils held al cal with banks, oth•f $hoTI-leTm liquid nveslmenls wrth ongin81 maturitie5 of three monlhs or S5. and bank overdrafts. 8ank ovèrdrafts are shown within borrowings in lrr1 liabilit. 1.10 Flnlnclal In•trum•nt• The Charity h¥s elected to appty the wovision5 of SeCtn 11 '8asic Financial Instruments, •nd Section 12 'Other Financial In51rumenls1s5ues' ol FRS 102 lo all of its firal instruments. Financk81 instruments are recognised in the chari$ balarKe $Iet when the charity becomes party lo the contractual provisions of Ihe inslrument. Financ1 assets and liabilities are offset. with the net amounts presented in the finanual Stsiements, when there is a legalty enforceablt right to sèt off thè recognised amounts and th&ra 1$ an intention to settlè on a ng1 basis or to realise the asset and selllè the liabilrty simultarTreously.
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ounting polici•• IContinu•dl Bask fin4n¢lal •s$•ts Basi¢ finanual assel$, whth indude d•btors and cash and bank balances, initialty m&a$ured at transaction price induding tranSa)n ¢osts and are subwuenty carried al amoth's&d Cost usin9 th• efft¢live interest method un1È8s the arrangement ¢onstrtutes • finantsn9 transaction, wh•re Ir¥nsaclion is measured at the present value ol Ihe ftrtufe receipts discounted a ma81 role of inteT•sI. Financial assets dassrf18d as rac8ivabl8 WItn one year are not amortised. B•Jl¢ Iln•n¢l•l 114bllltl•s 84s1¢ finanoal liabilrties. Induding ereditorn bank kans are inrtialty Tecowised at transaction prv unle88 the aTT8ngemenl ¢onslrtul¢$ o financin9 Iransa¢bon. where the debt instrument is measured al the psent value ol the future payrnenls diswJnl¢d al a m•rk•t ral• of Mil•rn$l. Fina1 liah'lths ¢lassifi•d as payabl• wrthin one year are not amortised. Debt instrumonts are subsequenlty cafflod at affK>rtiwl cost. using the •ffe("v• inleresi r•te melhod. Trad• ¢r•dltof$ are obligatlons lo pay tr goods or 8w¥ic8s thal have been acquiT8d in the Ndinwy eours• ol oper8lion$ from $upplief$. Amounts payable a dassified as currenl liabilrties if payment Is due within on• year or less. 11 not. they are weSent as non<utrenl Iiabilrties. Trade L¥editor$ are rwnised Inibalty at transaction price and sub$oquènlty rneasured at amorbs•d $1 using the effeetivg inl•r&sl mtrlhod. D•r•eognltlon ollln•ncl•lllablllll•s Financial liabilrtRS are deTecogni5ed when Ihe dwrW$ o)nlractu81 c1vJatS explrn or are discharged or carK•ll8d. 1.11 Employ4• b•n•flts Th• cosl ol any Unus haY enlrfernt 15 recogntsed wi the wiod in whkn the emrAtyÈe'8 sere•S 4r• received. Terminalon ben18 8f• recogni Immeth•tety as expense tho charity is darrStrab ¢ommltted lo lemiinal¢ the employment ol an or lo tonn1nalK benefrts. Oonatlon• •nd l•g•cl•• Unr••trlctsd Llnrn•trkt•d R•strbct•d lund• lund• fund• Totsl 2024 2023 2023 2023 Donations 8nd gffts Legacles receivable Gr•nl8 re¢ei¥•bl* 5.725 216 12,LYKI 4.8lJO 4.800 12,(MXI 13,999 25.999 17.941 16,800 13,999 30,799
,1 13 il Jii Iii"
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 30 SEPTEMBER 2024 R*i¥lng fund¥ Total R••trl¢t•d fund• 2024 2023 Slaging lundraising ev•nts 170 170 10-
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Charttabl• ¥¢¥vltl•8 Ch•rltsbl• Ch•rlt•bl• ExndItrn ExndStUrn Unmtrlct•d RtrIctd 2024 2024 Totsl Chrttabl• Ch•rft•b 2024 EXnlIUr¢ Expendttur• Unrn•tri¢ted R••trict 2023 2023 Tot•1 2023 D•preaalion and impaimwnt Rent Computer and website costs Ins¢Jrance Merchandise Piping equipment Tutor fae Turtion expenses Unifofm Ewnl costs Honorarfa Bad debts Po81 and stationery Sub$¢riplion$ Tfav81 Sundry L•gal and profe8sn41 323 2.215 323 2.215 403 1.C#J3 403 1,003 276 779 2,705 4.682 278 779 2.705 4.682 8.705 2.043 4,918 9,103 10,217 749 {187) 16.180 749 1187) 16.160 11,465 2,137 8.705 2,043 750 2.137 5.358 13.944 12.01$ 933 5.356 13.944 12,015 933 4.188 9.103 10.217 11 11 838 7,810 1.682 838 7,810 1.682 2.76S 1.166 540 2.765 1.166 540 62.522 13,602 76,124 38,418 11.498 49,916 Share of gov•m8n¢• c¢sts 18ee note n 1.785 1.785 2,050 64.307 13,61Y2 77,909 11,498 51.966 An* by lund Unreslricted funds Restn'cled lunds 64.307 64.307 13.602 40.468 40.468 11,498 13.602 11,498 64,307 13,602 77, 40,468 11.498 51,966 11
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support C1# 2024 2023 Ind•p•ndenl •xaminatlon f••8 1.785 1.78S 2,050 1.785 1.785 2,050 An8ty8•d b•••n Charitable ¥clivrtN•s 1,785 1.785 2,050 Tru•t• NOM of lh• truths (or •ny p•111 conrw¢t•d thlth Ih•m) rec•l¥•d •ny r•mLm•f•llon durlng th y•v. b four12023- trol of Ih•rn w•r• rmbrI•d 4 lot•1 of £1.82812023- £1,072) lor varlous •xp8ns•8. Employm• Th• •vw•g• mmthty rwmb•r ¢l•ftYloy• dudng th• y••r wm.. 2024 Numb•r 2023 Numb•r T+)t•l Th•r• w•r• no •mp••$ Who •nThAI £eO.CW. 10 T•Mtlon Th• charfty Is •x•mpl from t¥x on incom• 8rKI 94ins tsllir)g wrthin 6•c*ion 505 of tho Taxe8 Act 1988 or wGtIoft 252 Of1 Taxallor Charg•abkn G•ln6 Acl 1992 10 th• •xl•nt that th•i• •r• 8ppli•d lo ill cth•ritsbl• obj•¢ts. 12-
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 11 T•ngibl• fix•d ass•ts Flxtur•¥ •nd IMUng¥ Cmt Al l Ocl¢)ber 2023 2.521 At 30 Seplember 2024 2.521 D•pr•¢l•llt)n •nd Impalrm•nt Al 1 O¢tob&r 2023 DeprecAation d)afged in the year 907 323 AI 30 September 2024 1,230 Carylng amount AI 30 September 2024 1.291 AI 30 Seplember 2023 1.614 12 Sto¢k• 2024 2023 Flni¥hed good$ and goods for resale 1,435 1,248 13 D•bto 2024 2023 Amounts falllng du• wbthln on• y••r: Trgde d•blors Other debtors PreymentS and InMe 288 253 1,225 1,753 1,766 1.753 14 Cr•dltor•: •rnount• falllng du• wlthSn one ye•r 2024 2023 Olher lax81ion and social secunty Trade credrtors Olher creditors Accruals and deferred inctsme 13 6.366 930 1,835 9.151 2,810 13-
VALE OF ATHOLL PIPERS, ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 15 R•tir•m•nt b•n•fft sch•m•s The ¢harity opgrnles a defined cothrilyjbon pension sceme for al qualty.ng employees. The a$$8ts ol th& heme ar• held separ¥tety from those ol the charity in an independenlty administered fvnd. 16 R•8trlct•d funds The InMe fvnds ol thè th•rrty indude restri¢aed funts comprising the fouowing unexpended ba&ncs of donalv)ns and grants hebj on trust for specific purposes.. IAov•m•nt In fund• Inctyrbln9 R•wrc•• B•r * R•ou• Tr•rMf•rn OU•% •xp•nd•d1 Octob•r 2023 •xp•nd•d 811rt• •t I Ik¢ob•r 2022 JO $•pt•rnb•r 2024 Dobson Fund Youngslefs in 8ond 1,470 1.470 1.470 19.805 (11.6691 7.936 {13.6021 1,470 19,605 (11,8691 113,6021 1,470 Oob•on Fund To educate young persons #$ated wnlh or members ol the A$¢1811¢n in traditional highlond pip"ng, drumming andlor dart¢ing. Young•t•r¥ In Blnd To help with the running costs of Iho young peoFde in th8 band. Tran•f•r from Unmtrfct•d Fund A transfer of £5,686 was made, in Ihe 2024 year, from the UNeslri¢t•d Fund lo YourwJsleTS In Band Fund lo Ver the defi¢i¢ on the lund. 17 An•ty•ii ol n•t *•••ts tWeen funds Unmtrl¢t•d RMtri¢t•d funds fvnds 2024 2024 T¢A•l Unmtri¢t•d Reslrfct•d fvndg lundg 2023 2023 Totsl 2024 2023 Fund balancos * 30 September 2024 4 represented by.. Tangle assèts Current assets1lliabilrtsI 1.291 33.767 1.291 35,237 1.614 39,443 1,614 48,849 1,470 35.0S8 1.470 36.528 41.057 50,463 14-
VALE OF ATHOLL PIPERS. ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 18 R•lat•d party tranMction* Durtn9 Ihe year. hLY)oraria of £8.266 12023 - £5 2023 - £8.750) was pahl to tnjsiees durin th time as truslg85. £nil £nil12023 £3,750 was paid lo £1,6cl2O23 - £nill f.4 166 12023 - £nill was paid to and £2 50012023 - £nill was pa to Durin th& year, tutor fees of £nil 12023 - £3.080} were p8id Ic uring Ih¢ir lime a$ Iru$l•¢s. and £2.415 12023 - En) to There were no other disdosable related party transactions dwing th• year. 15-