IRIS Accounts Production v24.1.9.2 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6731482022-12-31SC6731482023-12-31SC6731482023-01-012023-12-31SC6731482021-12-31SC6731482022-01-012022-12-31SC6731482022-12-31SC673148ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-31SC673148ns15:PoundSterling2023-01-012023-12-31SC673148ns11:FRS1022023-01-012023-12-31SC673148ns11:IndependentExaminationCharity2023-01-012023-12-31SC673148ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC673148ns11:FullAccounts2023-01-012023-12-31SC673148ns11:CharitiesSORP2023-01-012023-12-31SC673148ns16:EnglandWales2023-01-012023-12-31SC673148ns11:RegisteredOffice2023-01-012023-12-31SC673148ns0:Trustee22023-01-012023-12-31SC673148ns0:Trustee32023-01-012023-12-31SC673148ns0:Trustee12023-01-012023-12-31SC673148ns0:Trustee42023-01-012023-12-31SC673148ns0:Trustee52023-01-012023-12-31SC673148ns11:CompanySecretary12023-01-012023-12-31SC673148ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC673148ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC673148ns0:Activity82023-01-012023-12-31SC673148ns0:Activity8ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC673148ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC673148ns0:Activity82022-01-012022-12-31SC673148ns0:Activity92023-01-012023-12-31SC673148ns0:TotalUnrestrictedFundsns0:Activity92023-01-012023-12-31SC673148ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC673148ns0:Activity92022-01-012022-12-31SC673148ns0:Activity102023-01-012023-12-31SC673148ns0:TotalUnrestrictedFundsns0:Activity102023-01-012023-12-31SC673148ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC673148ns0:Activity102022-01-012022-12-31SC673148ns0:TotalUnrestrictedFunds2022-12-31SC673148ns0:TotalRestrictedIncomeFunds2022-12-31SC673148ns0:TotalUnrestrictedFunds2023-12-31SC673148ns0:TotalRestrictedIncomeFunds2023-12-31SC673148ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-31SC673148ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-12-31SC673148ns10:WithinOneYear2023-12-31SC673148ns10:WithinOneYear2022-12-31SC673148ns10:PlantMachinery2023-01-012023-12-31SC67314822023-01-012023-12-31SC673148ns10:OwnedAssets2023-01-012023-12-31SC673148ns10:OwnedAssets2022-01-012022-12-31SC673148ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC673148ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC673148ns0:Activity8ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC673148ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC673148ns0:TotalUnrestrictedFundsns0:Activity92022-01-012022-12-31SC673148ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC673148ns0:TotalUnrestrictedFundsns0:Activity102022-01-012022-12-31SC673148ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC673148ns10:PlantMachinery2022-12-31SC673148ns10:PlantMachinery2023-12-31SC673148ns10:PlantMachinery2022-12-31
REGISTERED COMPANY NUMBER: SC673148 (Scotland)
REGISTERED CHARITY NUMBER: 050614














Trustees' Report and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Argyllshire Gathering Trust

The Argyllshire Gathering Trust






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Trustees' Report 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 11

The Argyllshire Gathering Trust (Registered number: SC673148)

Trustees' Report
for the Year Ended 31 December 2023


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 2023. 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).

FINANCIAL REVIEW
Reserves policy
The Argyllshire Gathering Trust policy is to maintain reserves to cover six months of committed expenditure which is estimated to be £25,000. With no employees and no lease commitments there are negligible further reserves required to fund theoretical dissolution considerations. Reserves can be spent with the approval of the board and the reserves policy is reviewed annually in light of the charity activities and the operating environment.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC673148 (Scotland)

Registered Charity number
050614

Registered office
21 Argyll Square
Oban
Argyll
PA34 4AT

Trustees
J H Strickland Director
Ms L Gray Public Sector Manager (appointed 11.11.23)
J I M Gully Company Director (appointed 11.11.23)
H W Nickerson Company Director (appointed 11.11.23)
C H Steuart Fothringham (appointed 11.11.23)

Company Secretary


Approved by order of the board of trustees on 13 August 2024 and signed on its behalf by:





J I M Gully - Trustee

Independent Examiner's Report to the Trustees of
The Argyllshire Gathering Trust

Independent examiner's report to the trustees of The Argyllshire Gathering Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Andy Newiss
The Institute of Chartered Accountants of Scotland



16 August 2024

The Argyllshire Gathering Trust

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 70,299 - 70,299 18,285

Other trading activities 2 77,906 - 77,906 43,800
Total 148,205 - 148,205 62,085

EXPENDITURE ON
Charitable activities
Highland Games 62,471 - 62,471 36,966
Schools Tuition Scheme 50,000 - 50,000 4,167
Lochnell Event 3,150 - 3,150 3,598

Other 24,991 - 24,991 3,425
Total 140,612 - 140,612 48,156

NET INCOME 7,593 - 7,593 13,929
Transfers between funds 12 2,158 (2,158 ) - -
Net movement in funds 9,751 (2,158 ) 7,593 13,929

RECONCILIATION OF FUNDS
Total funds brought forward 22,562 2,158 24,720 10,791

TOTAL FUNDS CARRIED FORWARD 32,313 - 32,313 24,720

The Argyllshire Gathering Trust (Registered number: SC673148)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 3,161 - 3,161 2,367

CURRENT ASSETS
Stocks 8 3,000 - 3,000 3,000
Debtors 9 3,475 - 3,475 4,800
Cash at bank 23,077 - 23,077 6,325
29,552 - 29,552 14,125

CREDITORS
Amounts falling due within one year 10 (400 ) - (400 ) 8,228

NET CURRENT ASSETS 29,152 - 29,152 22,353

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,313

-

32,313

24,720

NET ASSETS 32,313 - 32,313 24,720
FUNDS 12
Unrestricted funds 32,313 22,562
Restricted funds - 2,158
TOTAL FUNDS 32,313 24,720

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


The Argyllshire Gathering Trust (Registered number: SC673148)

Balance Sheet - continued
31 December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 August 2024 and were signed on its behalf by:





J I M Gully - Trustee

The Argyllshire Gathering Trust

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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.

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.

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


Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


The Argyllshire Gathering Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£    £   
Games Day Income 44,441 37,177
Sponsorships for Piping 28,865 6,623
Entry Fees for Piping 4,600 -
77,906 43,800

3. NET INCOME/(EXPENDITURE)

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

31.12.23 31.12.22
£    £   
Depreciation - owned assets 790 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 14,985 3,300 18,285

Other trading activities 37,177 6,623 43,800
Total 52,162 9,923 62,085

EXPENDITURE ON
Charitable activities
Highland Games 36,966 - 36,966
Schools Tuition Scheme - 4,167 4,167
Lochnell Event - 3,598 3,598

Other 3,425 - 3,425
Total 40,391 7,765 48,156

NET INCOME 11,771 2,158 13,929


RECONCILIATION OF FUNDS
Total funds brought forward 10,791 - 10,791

The Argyllshire Gathering Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   

TOTAL FUNDS CARRIED FORWARD 22,562 2,158 24,720

6. PRIOR YEAR

During the prior year the activities of piping competitions and the schools piping scheme were run through the Argyll Piping Trust. This activities of this charity were transferred to the The Argyllshire Gathering Trust on the 1st of December 2022.

7. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 2,367
Additions 1,584
At 31 December 2023 3,951
DEPRECIATION
Charge for year 790
NET BOOK VALUE
At 31 December 2023 3,161
At 31 December 2022 2,367

8. STOCKS
31.12.23 31.12.22
£    £   
Stocks 3,000 3,000

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,475 800
Argyllshire Gathering Loan - 4,000
3,475 4,800


The Argyllshire Gathering Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 11) - 161
The Argyll Piping Trust - (12,556 )
Accrued expenses 400 4,167
400 (8,228 )

11. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 161

12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 22,562 7,593 2,158 32,313

Restricted funds
Schools Tuition Scheme (867 ) - 867 -
Lochnell Event 3,025 - (3,025 ) -
2,158 - (2,158 ) -
TOTAL FUNDS 24,720 7,593 - 32,313

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 148,205 (140,612 ) 7,593

TOTAL FUNDS 148,205 (140,612 ) 7,593


The Argyllshire Gathering Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 10,791 11,771 22,562

Restricted funds
Schools Tuition Scheme - (867 ) (867 )
Lochnell Event - 3,025 3,025
- 2,158 2,158
TOTAL FUNDS 10,791 13,929 24,720

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 52,162 (40,391 ) 11,771

Restricted funds
Schools Tuition Scheme 3,300 (4,167 ) (867 )
Lochnell Event 6,623 (3,598 ) 3,025
9,923 (7,765 ) 2,158
TOTAL FUNDS 62,085 (48,156 ) 13,929

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

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 10,791 19,364 2,158 32,313

Restricted funds
Schools Tuition Scheme - (867 ) 867 -
Lochnell Event - 3,025 (3,025 ) -
- 2,158 (2,158 ) -
TOTAL FUNDS 10,791 21,522 - 32,313

The Argyllshire Gathering Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 200,367 (181,003 ) 19,364

Restricted funds
Schools Tuition Scheme 3,300 (4,167 ) (867 )
Lochnell Event 6,623 (3,598 ) 3,025
9,923 (7,765 ) 2,158
TOTAL FUNDS 210,290 (188,768 ) 21,522

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.