IONA HERITAGE TRUST
Financial Statements
for the year ended
31 December 2025
Charity No: SCOI 5292
Simmers & Co
OBAN

lona Heritage Trust
Contents
Page
Independent Examiners Report on the Accounts
Trustees Annual report
Report of the Trustees
Statement of Receipts & Payments
Statement Balances
Notes to the accounts

lona Heritage Trust
Independent examiner's report on the accounts
Report to the trusteeslmembers of lona Heritage Tryst
on the accounts of the charity for the year ended 31 December 202S
I report on the accounts Set out on pages 2 to 6
Respertive re5ponsibilitie5 Of trustees and examiner
The charity's trustees are responsible for the preparation of the account5 in accordance with the
term5 of Ehe Charicies and Trustee Inve5trnent {Scotland) 2005 Act and the Charities Accounts
{Scotland) Regulation5 2006. The chariry trustee5 consider that the audit requirement of Regulation
l 01 I l{d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts
as required under section 4411 } {c) of the Act and to sote whether particular matters have come to
my attention.
Basis of independent examiner's statement
My examination is carried ouc in accordance with Regulation I l of the Charities Account5 {Scotlandl
Regulations 2006. An examinarion includes a review of the accounting records kept by the charity
and a comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disc105ures in the accounts and seeks explanations from the trustee5 concerning
any such matters. The procedure5 undertaken do not provide all the evidence that would be
required in an audit and, consequently, I do not express an audit opinion on the accounts.
Independent examine￿$ Statement
In the course of my examination. no matter has come to my attention.
which gives me re2$0nable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with settion 4411) (al of the 2005 Att and
Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the 2ccounting records and comply with
Regulation 9 of the 2006 Accounts Kegulations
have not been mel or
to which. in my opinion. attention should be drawn in order to ersable a proper
undersTan
rhe accounts to be reached.
David-McGregor Bsc CA
Independent Examiner
Simmer5 & Co
Chartered Accountant5
Albany Chambers
Albany Street
Oban
Date 20 March 2026
Page I

lona Heritage Trust
Trustees, Annual report
For the year ended 31 December 2025
The Irustees have pleasure in presenting their report together with the financial sta￿rnents for the year
ended 31 December 2025.
Charity Name
lona Heritage Trust
Scottish chariry number
SCO15292
Addres5
The Old Manse
ISLE OF IONA
PA76 6SQ
Trustees
Mr G Bruce
Ms R Muckart-Lilley
Ms J Witcowska
Ms S MacDonald
Ms R Broyffl
Ms J Brace
{Resigned 1210112026)
(Chair}
(appointed 1417120251
Independent Examiner
Mr David A McGregor, CA
Simmers & Co
Chartered A¢tountants
Albany Chambers
Albany Street
PA34 4AL
Bankers
Bank of Scotland
Station Road
OBAN
PA34 4LL
Page 2

lona Heritage Trust
Trustees, Annual Report
Year ended 31 December 2025
Strvcturo, Governnien¢ and Management
The iru5L wh5ch 1s a rccognised chariry in Scotland, is operafed under Ihe rules ol its Trusi Deed dated
17th May 1989. The Man￿eM￿nI of the crusi 15 the responsibility ol the Tru5cees who ère elected
and co-optcd vnder ¢l)e tenn5 01 the TrLtst Deed.
Recruitment and Appointment of TrnstÈes
The ¢ru5t endeavour5 to elect 3nd co-opt In line with the requirements of the tru51 deed.
Objectives and Activitie5
The principal object ol che trusi to operdte a Heritsge centre within the Church of Scotland Manse,
lon) with a view to repair. renovate and m31ntsin that properrx. There have been no Ihanges sn
objeciive5 In the ye3r.
Achievements and Perfomiance
Despite ch211enging conditions on lona this year -poor weather and ferry cancellations
le3d4ng to fewer visitors to the island .we maintained 3 51e3dy income from 53le5 and
dotoiions Jrid rent from the cale. We continued ¢0 expaThd (he range ol products on offer.
We recnJited 3 manager lor the cen￿e to start in January 2026, and we 3150 gained one new trustee.
FÉnancial review
During the ye3r the chary gener3ted a surplu5 of 117,110, 12024 - surplus U,B69) all ol which was
unrestritted. resulring In totsl cash reserves of £51,613, {2024 - £34,503}, 311 unresiricted.
Plans for future periods
With a manager now in place. we 2im to grow VlSTLor numbers and increase income through
sales ané new income streams.
Plan5 are lor rhe manager 10 update the point-of-5ale sysiems, 2pply for new sources of
funding and improve the exhibit and our publicity.
We aim ¢0 do some fundraising specrfic311y (or building repairs.
Reser4es Policy
There is not 2 reseryes policy as such, but The Truscees tsy to ensure that there are sufficient lunds
10 meet their commitments for the next six mtsnths.
Statement of the Responsibilities of the Trustees
The Trustees have prep3red financial 5tstements which gve 5ulficien¢ deTril to ewdble an appreciation
of the Ir3n5actions of the Heritage Cenire during the finaocral year. They are responsible lor keeping
proper accounting record5, which, on requesc rnust reflect the financi31 position of the Heritage
Cenire ai th31 time. The Trustees were responsible for safeguarding the assets of the Manse
Buildings. and took rÈ)son3ble step5 ¢0 prevent and detect fraud. and other irregularities.
The uu5tees' annual report vtds approved on 20 March 2026 and signed on beh2110l the b03rd ol
¢ru5tees by.
£Na4
Ms S Macdonald
Chair and trustee
Page 3

lona Heritage Trust
Statement of Receipts and Payments
For the year ended 31 December 2025
Unrestrirted
Funds
Restrirted Year ended Year ended
Funds
31112125
31112124
Receipts
Investment income
Receipts from Charitable artivities
Gross trading receipts
11.960
9,919
55,464
11.960
9,919
55,464
11,620
6.988
57.980
Total receipts
77.343
77.343
76.588
Unrestricted
Funds
Restricted Year ended
Funds
31112125
Year ended
31112124
Payments
Gross trading payments
Goverrsance costs
58.683
1,550
58,683
1.550
67.875
1,588
Sub Total
60,233
60,233
69,463
Payments relating to asset and
investment movements
Purchase of fixed assets
3.256
Total payments
60,233
60,233
72,719
Surplus for the year
Transfers berween fund5
17.110
3,869
Surplu5 for the year
17,110
3,869
Page 4

IoD3 Heritage Trust
Statement of Balances at 31 December 2025
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
Opening cash ai bank ind in h3nd
Surplus for the year
34.503
34.503
30.634
3,869
Closin8 c25h 21 bank 3r)d tn hand
51.613
51,613
34,503
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
Bank and Cash balances
Bank 3ccouni and cash Ir) hand
51,613
51,613
34.503
Closing (2sh at bank and in hand
51,613
51,613
34.503
Swgned by the following on behalf of the Irustees
S Macdonaid
Chair and t￿stee
Trustee
20 March 2026
Page 5

lona Heritage Trust
Notes to the accounts
Year ended 31 December 2025
asi5 of Accounting
These accounrs have been prepared on the Receipts and Payments basis in accordance with the Charities &
Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 {As amended)
2. Nature and purpose of fund5
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of che objects of
the chariry. The trustres maintain a single unrestricted fund for the day-to4ay running of the club.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or
when funds are raised for Specific purpose5.
3. Related party transactions
The club's insurance policy includes Trustee Indemnity Insurance for all it5 trUs￿e$. No other remuneration
was paid to the trustees or any connected persons during the year {2024: Nil).
4. Cost of Charitable activities
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
Purchases
Wages and salaries
Rent and rates
Heat and light
Garden costs
General expenses
General repairs and maintenance
Water charges
Advertising
Insurance
Telephone
Credit card charges
Administraiion and other costs
28,848
18,697
28,848
18,697
35,678
18.185
474
364
3.193
159
3,817
49
125
3.043
597
71
2,663
213
3.483
267
45
3.148
329
71
2.663
213
3,483
267
45
3,148
329
108
108
1.073
58.683
58,683
67,875
5. Governance costs
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
Independent examiner's fees
Other services
360
300
890
1.550
360
300
324
264
Professional services
I,sso
1.588
Page 6