CHARITY REGISTRATION NUMBER: SC015528 Urras Achadh an Droighinn/The Auchindrain Trust Unaudited Financial Statements 31 March 2020 CLARK ANDREWS LIMITED Chartered Accountants 4 Eaglesham Road Clarkston Glasgow G76 7BT Urras Achadh an Droighinn/The Auchindrain Trust Financial Statements Year ended 31 March 2020 Page Annual report 1 Independent examiner's report to the trustees 5 Statement of financial activities 6 Statement of financial position 7 Notes to the financial statements 8 The following pages do not form part of the financial statements Detailed statement of financial activities 18 Urras Achadh an Droighinn/The Auchindrain Trust Annual Report Year ended 31 March 2020 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2020. Reference and administrative details Registered charity name Urras Achadh an Droighinn/The Auchindrain Trust Charity registration number SC015528 Principal office Auchindrain Inveraray Argyll PA32 8WD The trustees (Resigned 19th December 2019) (Resigned 19th December 2019) Independent examiner Structure, governance and management The Trust is established as a two-tier Scottish Charitable Incorporated Organisation. The ultimate authority is the Trust's members assembled in a General Meeting. Oversight of the Trust's affairs, the setting of strategy and policy, and certain reserved matters such as staff remuneration, are placed in the hands of a group of between five and fifteen Trustees, one of whom is selected to act as Convener. A voting majority of the Trustees in office must have been elected by, or co-opted from, the Trust's members. One Trustee may be nominated by the Duke of Argyll, one by Argyll & Bute Council. The Trustees in office may appoint up to five individuals as Trustees (up to six or seven if one or both of the nominated places remains unfilled), provided only that the number of appointed or nominated Trustees may never equal or exceed the number elected by or co-opted from the Trust's membership. Executive responsibility for managing the Trust's affairs and operating the museum is delegated to an employed Director, being a person appropriately qualified and/or experienced to advise the Trustees in accordance with the Accreditation Standard for Museums and also being a person fit to hold office as the Chief Executive of a Scottish Charity. The Director is supported in this work by three other qualified and/or experienced senior managers, and a number of other paid and volunteer staff. 1 Urras Achadh an Droighinn/The Auchindrain Trust Annual Report (continued) Year ended 31 March 2020 Objectives and activities The Trust's purposes are to advance education, heritage and culture through: • the operation of Auchindrain as a museum illustrative of its own history, the history of Scotland's joint tenancy townships, and more generally of agriculture and rural community life in Scotland; • the preservation and conservation of the relict cultural landscape of Auchindrain and of the Collection; • the protection of the Collection from deterioration, damage, loss, accidental destruction or unauthorised disposal; • the provision of work based training to individuals, where doing so facilitates and supports the advancement of the Trust's other charitable purposes. The Trust will also endeavour to act as a social enterprise working to support community and economic development within Argyll through the pursuit of its charitable purposes. "Auchindrain" means the Trust's heritable property at the place known as Ach’ an Droighinn/Auchindrain in the County of Argyll. "The Collection" means all objects, specimens and items of an historical scientific or artistic nature (including the buildings and other historical structures of Auchindrain) now held by the Trust. 2 Urras Achadh an Droighinn/The Auchindrain Trust Annual Report (continued) Year ended 31 March 2020 Achievements and performance Auchindrain is an internationally-significant historic site, Category A listed in its entirety. An Accredited Museum, it holds a Collection Recognised by the Scottish Government as of national importance. The primary focus of the Trust's activities is the practical, administrative and management work of running a museum, including the preventive and remedial conservation of a Collection that includes the UK mainland's largest in-situ group of traditional vernacular rural buildings, set in a relict cultural landscape. As a secondary charitable purpose, the Trust provides young people, many of whom face disabilities and disadvantages, with opportunities for work experience and training. It also provides a supported, stable, experience-rich volunteering environment for adults with learning disabilities who may never be able to secure and retain conventional employment. In this, the Trust has established working relationships and partnerships with Skills Development Scotland and the area's High Schools, with the area's Job Centre, and with universities located in the UK and mainland Europe including participation in the University of Oxford's prestigious Summer Internships Programme. During the year, the museum also participated in the Community Jobs Scotland scheme administered by the Scottish Council for Voluntary Organisations on behalf of the Scottish Government. All of these activities are pursued only insofar as doing so can support the primary focus of the Trust's activities as noted above. The Trust is not and does not seek to become a body engaged in the provision of training for its own sake. The work done within the museum by trainees, interns and volunteers more than counterbalances the resources applied to arrange and supervise placements, and as such directly contributes added value to the Trust's primary purposes of preserving Auchindrain and operating it as a museum. Although much of the Trust's work is cyclical or involves the ongoing implementation of established routines, from time to time it undertakes specific development projects funded by grants from public bodies and other charities. In 2019-20, a major project, funded by Museums Galleries Scotland and Historic Environment Scotland, was undertaken to entirely renew the exterior of The New House and return it to its 1950s appearance. This project made a significant positive impact on the conservation and preservation of one of the site's Category A listed buildings. Further work was undertaken in the year on the museum's guide-tablets. Museums Galleries Scotland grant-aided the work to adapt the tablets' operating system to take multiple languages, whilst the Victoria League Scotland through Foundation Scotland supported the travel and accommodation costs of an intern from The Netherlands who created a Dutch-language version of the guide. A proportion of the funds expended by the Trust consisted of earned income from admissions, and net contributions from the museum's Shop and Tearoom: these non-charitable activities are in the first instance pursued in order to raise funds, but both - the Tearoom in particular - also provide important services to visitors. Some income is also achieved from membership fees. The balance of the funds expended by the Trust (excluding Restricted Funds grants for specific projects) came from Historic Environment Scotland in the form of a revenue support grant. The Trust notes its deepest gratitude to the Board of HES for its generous and ongoing support. 3 Urras Achadh an Droighinn/The Auchindrain Trust Annual Report (continued) Year ended 31 March 2020 Financial review The Statement of Financial Activities shows net surplus for the year of £7,481 (2019 - deficit £9,363). The total funds of the charity as at 31 March 2020 amounted to £26,538 (2019 - £19,057);The restricted funds amounted to £10,920 (2019 - £3,427). The Trust has no share capital. All acquisitions of plant or equipment are written off 100% in the year of purchase. The Trust maintains a Designated Fund for Acquisitions, the unspent balance of which carries forward from year to year. This fund can only be used to acquire items for the museum's collections. Any money received from the sale of items from the collections is placed in this fund, which may also from time to time receive allocations from General Funds. The Trust aspires to hold a cash reserve (including secured sums owed to it such as grant payments not yet claimed against completed projects, but excluding all Restricted Funds received in advance but not yet expended) of £20,000. This is intended to provide (a) a cashflow reserve to enable continuity of operations, and (b) sufficient funds to enable the Trust to settle its affairs, including redundancy payments to staff, should it ever be considered necessary for it to be wound up. Pages 1 to 16 of this document contain the Trust's Annual Report and Financial Statements for 2019-20 prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the applicable Charities SORP, and the reporting requirements of the Office of the Scottish Charities Regulator. Pages 17 to 21 of this document, which do not form part of the financial statements prepared for these statutory purposes, for ease of comprehension re-express the same information in an alternative format aligned to the manner in which the Trustees and external stakeholder monitor and review the Trust's financial affairs. The annual report was approved on 13th January 2021 and signed on behalf of the Trust by: Trustee Trustee 4 Urras Achadh an Droighinn/The Auchindrain Trust Independent Examiner's Report to the Trustees of Urras Achadh an Droighinn/The Auchindrain Trust Year ended 31 March 2020 I report to the trustees on my examination of the financial statements of Urras Achadh an Droighinn/The Auchindrain Trust ('the charity') for the year ended 31 March 2020. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended).