REGISTERED CIIARITY NUMBER: SC016426 Repgrt of the TTw5¢ •ttd Flnntld Statellts for the Year Ended 30 Novabtr 2024 URRAS EACHDRAIDH UIBiiisf A'DUS 26 Lewi5 Stre stOnW Isle of Lewis HSI 2JF
URRAS EACHDRAIDH UIBHIST A'DEAS of the Staterneats for the Year Emded 3• November 2•24 Plie Report of the Trvtees ludep¢ndeDt Ex•Thlx¢r's Reprt BlM¢e Sheel Notej t• th¢ Fl#•ttd•l StAtsmets 7 to 13 D¢t•ll¢d Ststenn¢ •(Flw¢bl Adl 14
iJRRAS EACHDRAIDH ilIBHI AIDEAS Reprt of th¢ TnN¢eqs The trustees present their Tep)rt wilh the finartial staternts of the clwity for the year ¢ThJtd 30 November 2024. The tn]stees have adopted the provi$ioDs of Acwunling and RewKting by ch1 Statement of ReeommeDded Praclice applicable to charili¢5 pf¢paTin8 their accounts in xcordJntt with the Retthtin8 Stsndard applicable in the UK and R¢publi¢ of JT¢land (FRS 102) leff¢¢tive l January 2019). O&JECTIVES AND AcfiviTIFS Objectivey atn l. To promoie activ¢ interest in the history, and cultwe of Scth Uist. 2. To ¢ollxt, idelltify aThJ preserv¢ d(wneDts and artefLS. 3. To organise and arrang¢ exhibitions, display4 lecnjres ONJ otheT events reltn8 to the work of th¢ charity. SlgnlflT¥J•t aetivltles l. Supervision of cxhibition and allowin8 a¢c¢Js tothe public. 2. Organisation of evening ceilidhs. 3. Le&4in8 of ¢af¢ and waft shop facilitie& 4. Op¢rattng museum shop. ACHIEVEMENT AND PERFORMANCE Cbarltsbk wIll¢S Th¢ musewn rwened to the public itt M•r¢h 2022, followin8 bEing c105¢d for two years due to the COVID-19 IkdOW11. The tt7LMees satisfied that the finla1 has now return m pre1kdoWn l¢v¢ls, with COAsiMent visitor numixts, yeaTryon-year. FINANCIAL REVIEW Reserves policy ur Eachdrnidh Uibhisf aDeas is now a well established ¢nlity and has been prndenlty manag1 by a succession of tn]steeg siti¢¢ cnmen¢eMet. This has f1]itated strong cash reser4es surpluses carried forward. STRUCTURK GOVERNANCE AND MANAGEMENr Governing dOcment The charity is ntrOlled by its governin8 dUMl o dced of trustandcowiMw an uniwrywt¢d ¢hgrity. Reendtmekt Ind •pp•htmeRt of Dew trwltts TTwlees aTe recruited from the South Uist area from TOnS eXPSsIng an inlerest in the work of the ehariry 8nd may F&qve PvrSIy acted as volunteers with the Sup¢Nln aryj ¥]MI of thechanty. Rlsk m*MagemeDt Th¢ tnths have a duty to identify and review the risks to Twhith thr thlty 15 exposed and to ensure approlate controls ate ill rAaee to provide teasonabie assuratKe against frawj aj ernr. The trustees have requ¢sknl Professional advice with re8ard to all &Spts of the museum's aciiviti¢S. A rots System of volunteets 1$ in place to ensure that the musttlln is wjequately staffed and twiag¢d on 4 daily basis throughout the summer season. In order minimi5¢ the amou of cash held on th¢ premises the McM is incrwing its use of wd machines which is incre&sin8ty important Ai * tim¢ when bank win8 iiti)es are beitig redue¢d. REFERENCE AI¥D ADlbllNISTRATIVE DAlls Reglslered Chlrlty n•mber SC016426
iIRRAS EACHDRAIDH UIBHIST A'DEAS Rep•rt oftheTTrsle f•r Ihe Yur Ended Ngv¢mb¢r 2024 Trllstees Indcpendeut EXAMItr MaDn Judd GdOfft Ltd Chartered Accountants 26 L¢wis Sty¢ci Stornoway l$1¢ of L¢wis HSI 2JF Approved by order of the ith 0(tru¢C5 on l May 21Y25 aDd sigKd on its ¢tlf by: Page 2
URRAS EACIIDIL41DH UIBHIST A'DEAS f•rtke Ye4br Ewled 3• N•Y¢mbtt2024 The trustets are responsible for preparing th¢ Repl of th¢ Trlee5 and the firwicial #atWDthLS in ordance with applicable law and United Kingdom Accounting Stsndards IVnit¢d Kin8th)m Generalfy A¢¢epted AccrAmtllJ8 Practice) including Financial RepoTling Stsndard 102 'The Financial R¢wling Standard applicable in the UK and Republic of ITeland'. Th¢ law applicable kn charities in Scotlan¢ Clwities and Tn Inv¢sthitht (Scoiland) Act 21X)5. Charities AccouDts (Scouandl Regulaiions 2006 (as amended) the pVin$ of the charitys coDstitutiofy requires the tTusiees to pr¢p8re fmancial ststements for ¢#ch financiel year which give a true and fair viev4 of the mte of affairs of the eharity and of th¢ ineomirng resources and appliutioD of $Our itKluding th¢ inciKn¢ ¢Ap¢nditur< of the chartty for that select 5Uitabl¢ ¥¢ouniin8 policies and then awly th¢m observe the methods and prin¢ipl&s in the Charity SORTr. Tnake judgements and estimales thai ar¢ T¢4soMble grtd . PTepare the finan¢i41 styt¢m•ts on the going cow¢m iwis uttkss it is to that the charity will Ctilluc in busine5S. The Irustees are responsibl¢ for keepin8 prow xco¢1ng r¢cord5 which dith witb reasonabl¢ accuracy at any time the firtaneial position of the chaTity and to ¢nabk them to eTh8ure the financi¥l stat¢m¢nts eomply with the Chariti¢8 and Tn]stee Investment (Scotlartd) Act 2LK15. the Chatilie5 (ScotiaDJ) Regu]*ion5 2( (&5 a[Trend) and the provisions of the clwity's wistitirtiim. They ue also respjnsibk fw saf¢gu8rdiThg the gets of the charity and h¢n¢e for tsking r¢llble sttys for the prevention aDd dettdiots of fra and txher iTregulJTiti¢5. Pag¢ 3
ldepeAdent Exwthin¢r'J Report to th¢ TTU•ttfJ Of Urras Ea¢hdrldb Ulbhts¢ A'DUS I report on the aceourtts for theyeat ahled 30 N¢)v¢rnb 2024 5et(xrt on pages five to thirteen. Respeedve re4)oMlbllltks of try$te¢s ttd euThiRer Th¢ oh&rity's tn]s¢e¢s aT¢ r¢wnsible for the preparation of the accounts tn accord with the fem of the Charrities and Trustee Investtnent (Scotland) Act 21J05 and tbe LIlI1¢S Accouttts (Seotland) Regulations 2006 (&$ aMell). The ch8ritys tnLses consider that audit requirtment of Rcgulation Iqlxa) to (c) of thc Accounts Regulations doe5 not Apply. It is my restK)ll5ibility to exami the accounts as required ullder Seclion 44(IXc) of the Ad and th slate whetber particular matters have come lo my attention. Byl$ of the endeDt exmli rep•rt My examination w&$ ¢arried out IA a¢cordan¢¢ with ReOI)n I l of the awities Ac¢owhts (S¢otl¥nd) Regulations 26. An examination includes a review of the xcountitl8 reo)rds kw by the charity a coD]pomon of the accounts pr¢s¢nt¢d with tlwse r¢¢ord& It al$0 in¢lud¢s ¢ryLSid¢[1 of any itern5 or di705Ures in th¢ ¥ccoun& ond seeking explanations from you as trus¢¢ COD¢¢rning any mottern The wrxulures undertakeD do not Provide dl the evidence that would be required in an audii athl cwuenily l 1t expffeks an audii opitiion on the view given by the tsunts. Independeot CAler,? s¢tenKnt In connection wth my examinatio no matkr h&$ CMe io my attenti. (l) which gives me Tea&)nknle cause to believe IknL in any mataial regm the requiremtS to k¢¢p %counting r¢cords in with Sedion 44(IXa) of the 23 Act aTNI Regulati 4 of the 2(K16 Accounts Regulations" and to are counts whieh ace(d with the 4Ctmntitig tt¢(xth 8NI tr> e(wly Regulation 8 of the 2006 Accounts Regu]ation5 hav¢ not b¢¢n m¢t" or (2) to whiety in my opinioty attertwm sl10Id be th#wn in order th enabk a of the accounts to be Mann J on Ltd Ch4rt¢r¢ ounlants 26 LewÉs Street Stormyway Isle of Lewts HSI 2JF l May 2025 Pag¢ 4
URRAS EACHDRAIDH UIBIIIST AIDEAS for th¢ Yew Ellded 30 N•Yembff 2•24 30.11.24 Totsl 30.11.23 ,To fijnd INCOME AND ENDOWMENTS FROM Donations and legacies 3.938 3.938 766 Othertrwling tivi¢le8 Invutment income 67,435 1.734 67.435 .734 59,740 1227 Total 73.107 73.107 61.733 EXPENDITURE ON Charitable 8edvltles Charitabl¢ Deprecialion 42J21 15.620 42,321 32.947 38,870 32J43 17327 Totsl 57941 17J27 75.268 71,413 NET ll¥COMEJ(EXPENDITURE) 15.166 (17J27) (2,161) (9.680) RECONCILIATION OF FUM Total funds brought forward 776.705 746.W4 I J23.609 lJ33289 TOTAL FUNDS CARRIED FORWARD 7917] 729.577 1.521.448 1,523,609 Pa8e 5
URRAS EACHDRAIDH UIBHIST A'DEAS 30.11.24 Total 30.11.23 Totsl fimd FIXED ASSKTS Tangible assets 565ffj94 729.577 1295271 1.326.746 Stocks D¢btors Cash at bank #nd in haThl 5848 6,193 2.105 191,770 223.138 223,138 22&986 228.986 200,068 CREDTtORS AMNts fallin8du¢ within one yeaT (2,809} (3.205) NET CURRENT ASSETS 220.177 226,177 196.863 TOTAL ASSETS LE&S CURREI LIABILrriES 791.871 n9577 1.521,448 1.523.609 NET ASSETS 791.871 729.577 .521.448 I,$23,609 FUNDS Unrestrieied Restricted funds 791,871 729577 776,705 746.904 TOTAL FUNDS 1521,448 1.523,609 The financial sts¢¢ments were aprffoved ty the Board of Tnts1¢ and auth for issue on l May 2025 and w¢r¢ Si¢ on its behalf by.. llle nol¢8 form p of these fuwKial st*aneots
URRAS EACHDRAIDH UIBIUST A'DEAS ACCOUNTINC POLICIES B1$ Of prep•rfai the s¢teAts The financial ststtmcI of the cbarity. which is a public benefit entiry UDd¢r FRS 102, bave been pr¢par¢d in acwrdartr¢ with the TharTrties SORP IFRS 102) 'Accounting attd RqN)rting by Ch3ritL¢S: Statement of Recommended Prjciice applicable to cTrthTiti&% their x¢owits iti XCOTd8nce with th¢ FinwKiai Rerrt)rting SwKlard appIlble irt the UK a4 RebIle of Ireland (FRS 102) (¢ffeetive l January 20191,, Financi81 R£rlti8 Standard 102 Th¢ FiDanCI Rep(Kting StaTvJard applic&sle ID the UK aTKI Republic of IreiaTrJ' and the Charities and Tnutee Invest ISco¢laThl) Act 25. The finartcill ststements have been The presentstion CU of the aCCOUDts is P(yJnd stlittg (£). The TxcouDts are rouDded the lleares¢ £1. GolTrg Concern Th¢ ChaTity 1$ a 80ing concern •nd thtte ayt M merial uw¢rtaiDli¢s casting signift doubt over its ability to continue aso going roncenL Crltlcal 4¢¢ou11% lud8tmellts ••d key wurees of esthlldom un¢ertAIttry Fixed assei net value and depteciation dwg¢s the artas of the >Unts whicb are aff¢ed by signifitant judgements and e5tirnaies. The directors exc1 iudganenl in detemiining both the usefijl economic life atMI the likely r&SidU vdue of the thavity's &ets. This judgenmt gff¢¢ts the Tales of and charBe for deprtt11Ort in the accounts for the year. It also tItfOre afkcts the net bc)k valuE of the assets in the balance sheet. Cnges ltt ceoumtlDg polld¢s The knitee5 havc adopted tbe provisi(XLS of AccoUtiti Rwrting by Cbarities .' Ststennt of R¢wmmended Practice applicable to charities weparing their acc(1¢$ in a¢¢or&rtee with the Financial Reporting St¥nd#rd applicable in th¢ UK attd Rqmthlic of IrelaDd {FRS 102) (efftctive l Januw 2015). All income is recognis¢d iti the Sernent of Finawi81 Adiviiies ODce the charity has entitlement kn the fund4 it is probobl¢ that the income will be received the ant b¢ Mess teli8bly. )me ftom govenuDent and oth¢r 8rant& wbetb¢r ¢apithl grants OT revenue wts. is recognised when the charity has ¢Atitlement to the fuT¥J& •ny coThlitions attached to the grants h4v¢ been meL it ts probable that the Iome will be receiv and th¢ Jmount be meagjred lIablY and is Th)t defured. E]peDdlt¥re Liabilitit$ are recognised Is expdir gs S(¥)n as there is # Icgal LY COAstructiv¢ d)ligation conunitting the ctwity to that ¢xpcrtdiftire, It is wrknlAc that a trarL%fer of economic bcttefits Wbll be requiT¢d in settlement and the amount of the obligation be Mea[ reliably. Expetwjiture is account1 foT Ort an accruals tr45is and has been Classified under headings that aggtrgats all c(& related to th¢ ui¢gory. Where costs eatttt be directly ittribjted to partikwlar 1klti8$ they have be¢n kated activities (m • b8si$ consistenl with the use of Tlnzlble fixed assets Depreciation is PTovKkd at ftJllowin8 t¥¢$ in OTder to writr off eh asset over 115 ¢StiMed 4Lseful lif¢. Turbines Fixnwes and Fittin8S Offjce Equipmerf 5% d¢prccialion on cost . 21PA deprlatIon on co* 21P/• thlatIOn on c¢Jsl Stocks SiocLs are Valu at th¢ lowtt of cost and net r¢8li8abl¢ valK after JnakiDg allowance for ob501¢t¢ at slow movin8 it&. Page 7 continued...
f•)T th¢ YurEded 30 Nov¢rnber 2024 ACCOiJNTING POLICIL8. toAtlued Th¢ charity is exempt from tsx its ¢hwith a¢tivili¢s. Uttrestricl fimds con be wed in accOrthC with the clwitsble obiecliv¢B¥t the dCretIOn of the tswstee& R¢StrIrt Can only be used for wticular T¢#[1 within th¢ d)ieets of the charity. Restriciions Funber explAnation ofthe Dature aThl pwof exh fill 15 iwhthd ID the ncrts to the financial ststemerts. Debtors md ¢redlt•rs Trad¢ and other debtors gre at the settl¢t amouDi due after any ¢rle offeted. Crcditors atMI provigioDs are reeogoised wlre the cFthtity h&$ a present obligation resulting fTOrn a p35t ¢v¢nt that will probably resuii in the trBnsfer of ffijnds kn a thiTd p#rty aDd the attmt due tr) settle the obligation can be me4sur¢d or e5timtoJ nliabty. CredAtors arNI pyovisions are nonnally reg)gnis¢d * th¢ir s¢ttl¢m¢nl amoiiiit after allowin8 for any trle di%ounts due. Herltsge Sets The ehariws museum is h(ne to a Dumber of exhibitiOJL8 Te]atul to th¢ 8ocihL domestic attd culturnl bis10ry of &)uth UisL Items on displ4y Trn¢lud¢ awha¢ologi¢al fiThis and historic crofting equipment from th¢ 8urrouttdin8 area. Under FRS102 section 34. items sbould be consxler¢d as H¢rits8e A&qets and reco8llised on the bala¢ Sh where a value can be Pled on thun. All items have been th)nated to th¢ ¢harity and so have no cost attributsble to th¢rTh Th¢ trCeS have ValtIO of the iieiiis. The cbuity itt5UTance coyrr of £137.585 in relati4x to the mweum l)wever this will incllldc the eost of display cases. sta8inB uipment alld liniug posts Ittd a liable eststDa* cannot be mad¢ of the individu¥l ]witsg¢ ass¢ts' fairva]ue. DONATIONS AND LEGACIFS 30.11.24 Totsl fimds 30.1123 Totyl Donatior Grants 20 3.918 3,918 766 3.938 3.938 766 Gr4nts re1Ve& Iludj in th¢ giv. are follows: 30.1124 30.11.23 Comhairle nan Eilean Siar Other 3.916 766 3,918 766 continued...
URRAS EACHDRAIDH UIBIUST AIDEAS 30.11.24 Total 30.11.23 Total 67,435 67.435 59.740 INVESTMENT ThCOME 30.1124 30.1123 funds Dew)sit a¢cwnt int¢r¢ 1.734 1.734 1,227 TRuF5, REhlUNERATION AND BENEFITS There were trnstett, r¢Inu1)n or (thr b¢n¢fits for the y¢4r ¢JMled 30 Nov¢ml%r 2024 nor foT the year ended 30 Novemb¢r 2023. 30 NovembeI 2023. COMPARATIVES FOR THE ATEMEr OF FINANCIAL AcnvrriL8 fund INCOME AND ENDOWMENTS FROM DonatiorL4 2nd legacies 766 766 59.740 1227 59,740 1,227 Investment incomE Total 61.733 61,733 EXPENDITURE ON Ch*rltable Aetlvilie4 Charitable Depreciation 38370 15216 3&870 32,543 17J27 Totsl 17.3 71,413 NET INCOMFJIEXPENDITURE) 7.647 (17.327) (9.680) RECONCILIATION OF FUNiKS Totsl fith¢L4 brim11 forw4rd 769.058 764231 1,533289 TOTAL TriJNDS CAR]UED FORWARD 776,705 746,904 1.523.609 ¢ontinued...
URK4S EACHDK41DU UIBIIIST AVDEAS for th¢ Y¢Ar E*ltd 30 N•vember 2•24 TANGIBLE FIXED A&SETS Fixtur OITItt Equipm¢n¢ Fittin8S Totals COST At l December 2023 Additions 1520,703 42575 2,020 580 1565,298 1.471 891 At 30 November 2024 1320.703 41575 891 1566.769 DEPRECIATION At I tkc¢mb¢r 2023 Charge foryear 221,522 30.413 17.030 2.129 238552 32,946 At 30 Nov¢mbeT 2024 251.935 19.159 271.498 NET BOOK VALUE At 30 November 2024 1268.768 23,416 2.196 891 1295.271 At 30 November 2023 1299.181 25.545 2.020 1.326,746 In 21K)6 the clwity was gifted 0.18 hectares of laThl * Hownw< J$k of South Uist &9 part of a le8acy. No work ¢v¢r b¢en out on the land alld no fon)ui valualy)ns have ever been urt STOCKS 30.1124 30.11.23 Sto¢k5 5,848 6.193 DEBTORS: AMoiINfs FALLING DUE WITHIN ONE YEAR 30.1124 30.11.23 Prepayments aecnxd inujme 2,105 10. CREDITOILS: AMOUNTS FAILING DUE WITHIN ONE YEAR 30.11.24 30.11.23 2,078 127 VAT 727 i.(K)o 1809 3205 Pwlo
to Ihe Fla141 St•t¢Thrnts. eoDtlnI f•r the Yev E*ded 3• N•vemb¢r 2•24 MOVEMENf IN FUNDS N¢t movemenl At 1.12.23 Ai 30.11.24 Uittstrl¢ted finds General fi0 De5i8nated Building Fund 211.152 565J53 30.109 {14.943) 241,261 550,610 6.705 15.166 791,871 Restrltttd fuAds Restricted 746304 (17J27) 729.577 TOTAL FUNDS 1S23.f (2.161) .521.448 Net mov¢ment ID ful. in¢luded in the a¥t as follows: Incoming Resources Movement exp¢nd¢d infill GetKTd fund tk$i8nated Building Fund 73.107 (42.998) (14,943) 30,109 (14,943) 73.107 (57,941) 15,166 (17J27) (17,327) TOTAL FUNDS 73.107 (75268) (2.161) COmradva for m•vemeDt Net At 1.12.22 At 30.11.23 in fillMIs UDreJtrlcted fu•d• General fiJTr Desi8nat¢d Buildin8 Fund 188,562 580.496 22590 (14943) 211,152 565,553 769.058 7.647 776,705 Restrleted funds ReslTiCt¢d 764231 (17.327) 746,904 TOTAL FUNDS 1,533,289 (9,680) 1523.609 Pa8eli ¢tinUed...
URRAS EACHDRAIDH UIDHIST A'DEAS for tht Ye4r Eth30 N•vemb¢r 2024 MOVEMENT IN FUNDS- t¢1•¢d C(JrnPtrativ¢ n¢t MOV¢n itt include41 in the ale follows.. expended in fimds Genero1 fimd Desigoated Buikliti8 Fund 61.733 (39.143) (14.943) 22.5 {14.9431 61.733 154,086) 7.647 R¢strl¢t¢41 full Restricted (17.327) (17.327) 61,733 {71.413) (9.6801 A year 12 aryi pxiw y¢aT 12 mffiths combitied p)sition isas follows.. Net At 30.11.24 I.IU2 iJDrestrleted f•nth GeneAI Designated Building Fund 188,562 580.496 51699 (29,886) 241,261 5SO,610 769.058 21813 791.871 764231 (34,654) 729,577 TOTAL FUNDS 1.533289 (11,841) 1,521,448 A current year 12 mortt and prior year 12 montrs Combin Kt Move in fund4 iwlud¢d in the abt>v¢ ¥r¢ as follows- locoming Kesources Movement end¢d in fithds Unrestrlrted fDnds enerdl Thd Designated Building Fu1 134.840 (82,141) (29.886) 52.699 (29.886) 134.840 (112,027) 22.813 Restricted fuAds Restricted (34.654) (34.654) TOTAL FUNDS 134,840 (146.681) (11.841) P12 continued...
URRAS EACHDRAIDH UIBlllST A'DEAS r•r the Y¢wr E•d¢d 3• No¥ther 2024 12. RELATED PARTY DISCIIISURES All xelat&J paty transxtions Ire dew.led in Note 5. Page 13
URRAS EACHDRAIDH UIBHIST A'DEAS for th¢ Yw EDd¢d 3• Nov¢mlKr 2024 30.11.24 30.11.23 INCOME AY4D ENwMEITs Donations Grants 20 3.918 3.918 766 3.938 3.938 766 Other tridlDg athtie5 Museum, rentals etc 67.435 67.435 59,740 Investmemt Income D¢p05it aOUnt inTe8t 1.734 1,734 1227 T•t•l iti¢o•ing res•ur 73.107 73,107 61,733 EXPENDITURE Chirltsble activltkj Book& CD, Post¢ards ¢t¢ Ithsutanc¢ Light and heat Telephone Poslage5 & stationery Advertising SutidTies RepaiTS Mtals Wages and cleaning Websiie D¢precia¢Èon. property impTov¢ments Depreciation- turbines 13.655 3.162 13.116 1.476 564 13.655 3.162 13,116 1.476 13.090 2,819 6223 953 477 145 809 11.930 745 6J14 1258 745 6J14 1258 250 240 74 30.414 2.129 13,491 1129 17J27 30.818 2.129 56.3 17J27 73,687 69.949 Support costs Flnlnee Bank ¢har8es Gov¢rnan¢e e•sts Accountartcy and legal ftts Pmfessional fees 1.581 lJ81 1.124 Totsl resources expcnded 57.941 17.327 75268 71,413 Net ¢xpedliure 15.166 {17,327) (2.161) (9,680) This pa8¢ do&% Ni fomi p8rt of th¢ swutory fitiw1 Page 14