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 ￿"￿9d￿l 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• SI￿1 Not•8 to th• fin•nriJl s1•l•ff￿ts 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 $18lements have been Prepared in accordance wilh the ac￿unting Oicies sel OLrt in note 1 to the finanual statements and comply wrth the chanVs tgoveming docjjmenll. the Charities and Trustee Investment Iscotlandl Act 2005. th• Charit*s Account$ IS¢ollandl R￿ulat￿lAS 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 jUn￿r 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 am￿nI 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 mI￿r 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 ￿dUd￿n9 The Prflochry New Year Slre•t Paty. The Scottish Game Fair. Beal Retreats at tho BntannB and the National Mus•Jm of ScOt￿nd. Gala day$. Highland Gamgs and the Rernembrance Day Parade. Our tuition programme has brou9hl on youn9 ty.perg and drummers and wè were de1￿hled 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 ￿rnpe￿n9. The money received from granls al￿ dOnat￿S 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 &pwinlm*nl and romov81 ol Iru$toes aft 881 ￿1 Chonly'$ C￿$￿t￿tth. A board ol trust￿5 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 orTn￿te•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 2￿5 and the Char[t￿S Accounts Iscotlandl RegulatK)ns 2006. The ¢haity'$ Iruslees consider that Ihe audit requiremenl ol Regulalion 10111{al to Icl ol the 2006 A￿Ount$ Regulations dogs not apply. It is my r•spOn￿b￿lty 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 CKIns￿era1lOD 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 op1r￿on on th• Yiew giv¢n by Ihe financial st8twnonts. l•)d•p•nd•nt •x•mln•rf* *tst•m•nt Your attentK*n is drawn to the fa¢t that the ¢harty ha$ prepar*d finanual slal•meni$ in accorda￿￿ wNh Accounting and reporting by Charibes pre￿nn9 Ihw"r x¢ounls in a￿ordance 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 ReC￿mMended 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 per￿5 b•glnnlng on or 8ft•r 1 January 2015. In ¢onn8¢lion wrth my examinat￿n. 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$pe¢t the wuiremenl5. lil lo keep aC￿VnI1n9 ie¢ord$ in a¢coft1an¢é with sedion 44{11 la) ol tha 2005 Ad and Re9ulalion 4 the 20ChS Accounts Regulabon$'. ana lill lo p￿pare 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 act1w1￿5 Indudes am gains and losses recognised in the year. All income and expendrlure derive from continU￿g 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 Sloc*s 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 proylsK*ns in Ihe SORP for chall1￿ applying FRS 102 Upda* Buletin 1 nol to prepar& a Stslemtnt ol Cash Flows. The fin8n¢i81 $talement5 have departed from tho Chari1￿8 IAecwnt$ ar*d 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 financ￿1 slalements ar8 round8d to the neargst £. The finanrial 8tatem6nls havo beon prnp¥•d under t￿ hist￿*¥1 ￿51 I))n￿nIN￿. 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 exp￿tatIon 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 condit￿nS 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• ￿nditI￿lS 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 ¢ondrt￿ns require defe￿al of the amount. Ir)come tsx rec￿Verable 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 expertiwl 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