Company Te*ion nurnFw. SC144749
C￿lty r¢gistration number.. 21607
Colonsay &nd Oronsay Heritage Trust
(A ¢ompatry illnÈlcd by gu8Trnte¢l
Anllual Report and Financial St2tenKllts
for the YearFJMled 31 fvtarch 2026
Efric M McN¢il BA GIons) CA CIOT
Dunlop & Co CA
KJ)o¢kbay House
KiIke[ra￿ Road
CaTrJpbeltt>v
PA28 6TN

Colonsay and Oronsgy HerRtsge Trust
Contents
TDJStee5' Report
2to6
Statement of Tnjstees, ResEK)nsibiltties
Independ•)t ExamiD&s Rewt
Statement of Financial Activities
Balance Sheet
10
Noies to the FiDallciaJ Statemoits
llto20

Colonsay and Oron5ay Heritsge Trust
Reference and AdMi￿trathTe Detsils
Chirlty Registrxtioll Number:
21607
Cony8ny Regt5trntioD Numljer
SC144749
Country of IncoryoratAon
O￿a￿d
Cjo Caml MacNeill
DrU￿¢[aCh
]sle of Colonsay
PA617YR
]ndepeDdeMt Exanthier
Efrit M McN¢it BA (Hons) CA CIOT
thjnlop & Co CA
K￿￿kbaY House
Campbel￿￿
Ar8yII
PA28 6JN
Page I

Colonsay 2nd Oronsay Heritage Trnst
Trustees, Report
Th¢ trustees. WILO are directors for the pu[pOs￿ of compatly law. prwnt the anllual rq￿ together with the
fioancial statell￿)lts of the ¢l]aritable company forthe year ended 31 March2026.
Objectives and actmtks
Objects
The Trnst's principle objective is to estabhsb ott the islaThJ of Colonsay in ArgylL au 8rchive aThl muso]nE centre
to bc called th¢ Colonsly and Oronsay Huitage Centr¢ or Museum.
To preserve the lin8uisti¢ heritage of the isja1￿ and ￿ encoulw Pllblic inl¢r¢5t iu Gaelic language and culture.
To stimulate interest and c(wcration in preservin8 local history 8tMI c(￿￿ving the environtn¢nt of the
isknds.
To initiate and facilitak projects which will Ixnefii the ￿la1 and e¢onomi¢ Etfe of the comrnbDity
Pmbhc benefil
The TnJs*es have paid due r¢gArd to guidance issued by the Office of th¢ Scottish Charities Regulator in
deciding wh* activitie5 th¢ C￿￿rity slwmjld undertake.
The Charity is underyijwd by the goodhryll and artive i)3rticipatior¢ of a of volun*ern from the local
COtnIuiullty Incl￿ but not exclusive to, the boatd of dttcctoEs.
Tbroughout thc years Vol￿tter5 are inte8￿] to fithisiD8 artivities and to the ptovisioll of seThI￿8 to th¢
cDmTnutiity thTough the facilities offere4J by the dmrity.
Trn$tees and officers
The ttU5t¢¢s 8t￿ officers serving during the year attd since the yw eud were &8 follows..
Trustees:
Mr David Binnie
Carol MacNeill
Mr D&vid Hobhouse
Mr5 Katharine Joll
Mr Donald MacNeill
MrKeith Rutberford (resigned 30 November 2025)
FAT5 Diane C]th (resisDed 9 June 2026)
Page2

Colonsay gnd OrOn￿Y Heritage Trust
Trustees, Report
Struetllrfy governant¢ and management
Or8&wsqtionol strn¢thr
The Chariry is a charitabl¢ compaAy limited by 8UarnDtee a￿1 does not hwe shaT¢ capitaL inCorpo￿ted on 4
J￿ne 1993 and re8i5tered as a cljarity on 4 JuDe 1993.
AchKv¢nxllts artd Perfor0￿￿te
Membership
In November 2025 Keith Rutherford the rnembEthip se¢fftsry. decidthl to step dowv as a Trustee after over 25
years setvice to the Trngl. A special p]ESen￿lon was hdd after the AGM in respe£l of his eontrJl)utio￿ and he
was granted honorary lifr membasbip.
The Trust has coniirtued lo have a very Wive llMJbttsbip with 71 residert island munbeES. 86 as&o¢iate
member3 and 10 Honorary lift tmnbcrs.
P8gc 3

Colon$ay and Oronsay Heritage Trust
Trnstee5' Report
ACti￿tieS
Proposed New PreDthe5
tn the SUEllTllf of 2025. & Trust iyere approached by th¢ Owll￿5 oftbe brewery utiit in Scalasaig &bout the
)ssibility of pu]rhasing th¢ir pmses to create a n¢w bwoke heritage ¢entsY. Negotiations hav¢ progresse<i
ttLe purchase price ofthe site awd and legal Pr￿dIngS iiJsti8ate(L An ektyaordillary geDeTo1 meeting open to
tbe publi¢ was held carly Ma￿h to pr&seDt the pr(￿N)SaI io rnov¢ ro llew premises. At the meetitig the aSP￿da
introdut¢d a back8round to the followed by litDilatiorts of tl* cllr￿t premi￿, inforniatioD on thc
proposed new sit4 the adYanta8es alld cballenges. The next steps towar(ts the project were outlined
ftedback obtained Tbe gelleral TCSPODSe w the wwal has beett very positsve.
The Trust applied ￿ the Scottish Fund for tILe purchase price of £55.(X)O and have becn successful in
reaching stsge 2 Of￿ application which provits fitixtitig for pryaring a busines5 valuation and planning
costs towards wepariDg the flnal fuThJing applicatioK. There is a sknrt time W1￿W for thc pmtess, alld a final
d¢cision is not expected until Aulumll 2026. This fits ill with th¢ tffewoy thrEdor5 who WAth to c¥)ntinue trading
)til December 2026 at the Earliest.
This is an excititig developraent for the Trust and the conjrnuniry ￿ PrO￿de security. encournge fvttare
deyeloprnent, education, exwdnsion 2nd op￿rIll￿ty for incrEase collaèA)r8tion witb outside agttKIcs.
Other A¢tRvitie5
The Trust bas bad illvo]vement ID several ongoing a￿1￿logI￿1 projects alld various activities in the centre
itself.
OraDsa GravestQllf6
The Trust wntinucs to b¢ iuvolved with the Or8u5ay Grdveston¢ pmj¢¢t worthuated by HES. With a grant of
£1 1,000. monstorin8 was set up tn the Priors house by stone conservator Nic Boyes to eva]uate the cuJrenE
¢ondiiions of the ￿one$ and decide on n¢xt Ste￿ to ittjprove the condiIioL8 in the Prio[5 House. At the end of
rclj 2025 Nic publislkd his re￿)rt which det#iled a eoowTebensive li%t of prObleD￿ identified both in damage
to tbe stones themselves but also the condiuon of th¢ Ptiors House building in which they are stored Tal(ing
fon¥ard the recomn)elldations of the rqk)rt lits with HES Mrs Colburn h&s otyeffd the option of goirtg for a
ll¢W dedicated sit¢ outwith the Priors House. This option h&s incluthd in H&8 pJaDs.
Rias Buidh¢ Cro&8
COHT bas been fortuDate to have the sup[￿ ofS]LatDn Webb of Kijllwtso Musewll to tske forvord
the proje¢i in a sia8ed approa¢b ill Conju￿110￿ with HES to examiw fi￿er the stone Cross fr￿gll￿llt held in the
centye and whether it is the base of the Riasg Buidhe cross situated in Colo￿aY House GardeD8.
Th¢ Trust obtain¢d a £1.6(M) grani from the ¢omllEuwty fimd al￿ Tn October of this year a visit fro￿ Adrian
Maldonaldo, Curator and Vikittg expert based at the Thational Museum in Edinbutgh aryl Rowan Gillis a stone
conseryalor. The report of this visit a]￿ ￿¢on￿et]datIOnS are auttited but it has rniSEd issues of ￿tt]re
cons¢rvatioty exatllining the cross fi￿Cr, takillg accurate casts atbj matching the frawt to th¢ ctoss. W¢ Iwl
a very ]nfoTmative and well atleltded talk from Adtian as part of bis ViSiL What clearly c2rlle over is how
imporrant aDd unique the Cross in the 8ariJ¢ns is.
Colojsa
in20
This ongoing series of talking around objects or tbemes from the Is￿￿d and facijitated by Ju]ia and Rllpert
Middleton continued with Mary Csrniicl&2el ta]knng about egdy lif¢ on Cololtsay from r￿dings she made i
the 1970s. Kevin recwited bis ¢￿[Y dais in the h￿tI and sknwed th¢ h(rtel bEll.
Julia has recorded these eveats, tbey are oow avai]able onlia
Bui
Thc beautifully aw4ll8ed panels displayiDg the ljistory of the Biosg Buidbe settlement and the subsequent lljove
of the residents to GI￿ard in the 19205 wer¢ prepared by Mary Canni¢hael who has an extenstve knowltyjge of
the I1￿￿1 hisiory. Itl June NIary gave a well atta￿d attd pylar pre5entstiOts as a ￿lebrdtiOn of the Rias8
Buidhe pallels.
Page 4

Colonsay 2nd Oronsay Heritage Trust
Trnstees, Report
Th¢ Trust Fw continued to promote the ￿se of the building for other events. Musica] eYetiillg5, tsll(s. Hebrid¢an
b￿erSong workshop. fihn nigbi and the I￿1 knitting group for il's V4r¢kRy winter meetings.
Futs]rc projects n]&y also include fiuther excavations al CTLQC nan Gall Mad]rins for a ￿￿Te extensive exeavation
of the ktb)wn Viking burial site propwd by UHI.
We are 8fdtefiJl for local support and th¢ varAou¥ donations to our collection OV￿ the year, iticluding a 1org¢
quern stone, a selection of photographs tskell by Ge¢)rg¢ Ward courtesy of lohn Maclntyre. a display case from
Ki]nwtin. Marlin Spike, woolly bats, Gaelic In"ble alld 8 generous finan¢iaI d¢nation from fn)Tn the sale
of his book, the Pilgrill￿ Trail. David Jardiae dotWed bis extensive postr￿d Collectio￿ with the sugwtion
their sale migbt h¢lp ratse fimds for the trwL
Book sale5 of Diane and Dill￿8 illtroduction ￿ the islatMI have contitiued stsdity a￿1 th¢ i]]itial edition is
ost now sold OUL We have arranged for a reprillt in 2026.
Thanks to Car(pl who has colltinua to priNthe regular ewsletseAs kewg w D)ern￿ up to date.
Bail¢ lodr8ch A
This ptoject was PTOW)seJ by AOC Arcbaeol¢)gy ill Jalluary 2025 to Co￿ OUL ill conjunction witb COK[, an
aTcha¢ologicaJ and coastal surycy ID Kilch&ttan where there VRS Iron Age burial sit¢ fitst identifjed in 2020.
Some fiD8ncial support for the project from the local con]munity fulld agreed but due to tbe overall
ittcrea5ed ¢osts and inability to recott¢ile thtse with available HES and NiF grants the project w Ulti￿atelY
shelv￿. A disawoinknen¢ but in the light of the projected WOTk invofvtyj iu the rnov¢ to llew premises,
probably for the FLst.
Heritage Centre
In January 2025 the ridge sustained seYer¢ storni dajnage. and a temporary repair vas affected by oue of the
siees. Following settlement of 2n iyjsurance claim by the &sta*, repaits ￿ the ridge and slate da￿age were
&8rricd ow by McClam¢y & Laird iti June 2025.
Dat]nie Onu attended ont of out ￿eetingS a￿d gave a to tbe local plan CCDC collating. COHT
hev¢ $tsked an iTLterest in the Tn￿¢ for hctif2ge &5pects in this development p
Page 5

Colonsay and Oronsay Heritage Trust
Trustees, Report
The organisatton had a general fimd sutplus of £24257
Totsl funds ai the Ye￿ c￿1 were £25,136 of whtch £879 were restrictcdand£24257 w¢re general.
It is the policy of th¢ Charity that utll*ÉC￿j fjJDds which haye llot be¢ll Iksiwal for a specific us¢ sP￿)￿]d be
maintailled at a level equivalent t(p between three and srx months tKpfflditure. The Trnstees consider tI￿t
rcsetves at ihis level will ensure thaL Én tbe event of a 5igllificallt dmp in fulldin& they will be able to continue
the Charity's Current acfiwties where coJ]sid¢ration is giv¢n to wa)s in whith the additional fijttds may be
]Hised. This kvel of rc8crYes ha5 been throughow the year.
The organisatiort had £24,257 at the year end for genetal pwposts. The furds are I￿ld to assist the orgaDisation
in achieving its objectiv¢s and covering n￿￿1￿8 c4)5ts.
The principal fimding 80llr￿ in the poiod were ￿ts. along event4 mernbersliw booklets alld calendar
sgle5 and other general donation
The Trn$te&y have a&%essed the major risks to whith the Cbariry is alld are ￿tiSffied that tbe systeD]s are
iti place to n)i¢iwe extxwre to the majorrisks.
The annual report vrdg 47proved by th¢ tTrLSt￿S of the charity (pn....... .. .......
and sig￿1 on its behalf by..
Mr David Binuie
Tn2s1e¢
Page 6

Colonsay and Oron$ay Herfitage Trust
Statsment of Tn￿, Responslbltldes
The tNstees (who are also the directors of Colonsay and Oronsay Heritage Trnst for the puws of Company
law) are resEN)nsible for preparing the trustees, report and the finall¢ial thtemEDts IE accordance with applicable
law ￿ Unitrd Kingdo￿ Accou￿ting Stalldards (LIDited KiD8(kMn GeDeraity Accepted ACCO￿ltIng Prdcti¢¢),
ill¢luding FRS 102"Tbe Financi￿ RwrtiD8 Standard applicablc ID the LX aod Rq)ublic of Ireland"
Company law rquire5 the tn￿e¢S lo prepare financial sts*ments foi rdckn financial year. Under eomparty law
the trnstees not approve the financ￿1 statements unle55 are satisfied that they give a lrn¢ aud f&ir view
of thE state of afftits of tbe clharitable company aod of th¢ incoming r¢sour¢es and application of resources,
incluthng ils income and expendirLry of the GhaTitable ￿MpanY for (l￿t peTiod. lu pr¢parin8 these finawial
st&tement4 the tnjstees are required to:
Select Suitable accounting tolicies and apply coJ]sistetJty.
obserye the methods athl principles in the Chariti&S SORP.,
Jake judgerncnts and cstirnatrs that arc reasonable and pnthi;
state whether 4ppli¢abl¢ ac¢outsting sthndbrth. eonjprisitig FRS 102 bave been followe4 SUbj￿t to any
material depart￿ ¢Jis¢losed and eKplaiDed in the fiDaucial stateznO aDd
prepaJE the finan¢ial statemellts on the going ¢oncern basis ￿1¢$8 it is ill4)propriate to presune that the
charttable ¢ompaTty will ¢ontitMe iti TrRK%iness.
The trustees are rwonsible for k¢epiDg proper acc(wJnting that L¥ll disc105¢ with TAsonable a¢¢ur8cy at
any time the fillattcial position of the charitable company and cl￿ble to ells￿e that the financial sta*ments
¢0￿pIY with the Companies Act 2006, Charities and TnLdee knveslrneDI (Scotland) Act 2005 and The Charities
AccouDts (Scotland) Regulations 2(M)6 (as amended). They are also reSpO￿Lb]e for safeguardillg the &ssets of
the charitable company 2nd for takiog rea$0[￿b￿ steps for the PFEVelltiOll 8nd detection of fraud and oth¢r
i￿egU￿ar]I1c$.
The ttustces are rcspoJ)siblc for the moilltejwtce and integrity of and finwiai irLfomMtion
included on th¢ charitable ¢(rtnpanys wtbllte. LegislatioD governing the preparation and thss¢mination of
fuw)ci81 stotemellts nbay th.ffer fro￿ 1¢￿S￿l0￿ in other jurisdictions.
Approved by the trustees of the cbarity ....... ..
.. and Si8Dcd on itslxhalf by:
Mr David Bifjnie
T￿￿tre
PagE 7

Colonsay gnd Oronsay Heritage Trust
Independent Examiller's Report to the tru5tee5 of ColoRsay and Oronsay Heritage
Trust ('the Company,)
I report on the of the c&trity for the year ended 31 March 2026 which are set 01rt4)D pages 9 to 20.
Re4poL8ibilitie5 and basi8 of report
The Ch￿Ity'S dwt¢es (who ar¢ also the dir¢¢ton of the c4)TDpanv ￿ the pwpos¢s of company law) ar¢
responsible for the preparation of the ac¢outsts in ac¢othce with the t¢m)s of the Chalities and Tn￿tr
Inyestsnent (S¢otland} Ad 2005 and th¢ Chatities A¢counts (SctstlaDdj Regulations 2006 las am¢ndedl. Th¢
charity trustees con5it£er the audit requirement of Regulation 1011) la) Éo (c) of the 2006 Accounts
R¢gulations does not appty. li is r¢srx>nsibility to exarni￿ the xcounts a5 required UDd¢r section 44(1} (c) of
the Act alld to stats whether particulaT matters bave eome to my atteDIi
Basis ofindependent ex2mRner's statemeDt
My examination is ¢aJYied out iti a¢wrdaDce wtti Regulatton 11 of the 2006 A¢¢ounts Regulations. An
examination includes a review of the accountillg tccord5 kept b}. the charity a￿d a compaTi50n of the aGCOWLts
Prttented with those records. It a]so include5 considerdtion of any unus￿7 items or disclosures in the accoun
and s¢eks explgJJtitions from the tru5tee5 cofKerning any such n￿tter5. The proccdures utLdertaJ(en th) not
provide all the evidence that would be wuired in an audii aud cons¢qu¢lltly I do not express aD audit opinion
on the view given by the accouDts.
l￿depe￿dent examiner s stste]ueLt
In the cvut5e ofmy cxa￿l￿a￿O￿ no matkr lths my atreDtion
l. which gives m¢ reasonable ra￿¢ tt> belicye that ID any material rGsrKct the requirernents:
. to keep accounting records in aecordaace with Section 4411} {a) of the 2005 Act and RegulatioTh 4 of the
2006 Accounts Regulatiotls
. to pr¢par¢ a¢counts whi¢h accord with the accounting records a￿d cO￿PIY with R¢gulau"on ¥ of the 2006
A¢¢ounts R¢gulatioL8
haye not been meL or
2. to which, in my opinion, attention should be dtawD itj order to cDable a proper understsllditsg of the
arwunts to bE r¢ached.
Efric M MGNeil BA (Honsl CA CtOT
Dunlop & Co CA
Knockbay House
Kilkerran Road
C￿lpbelt0wll
Ar8yII
PA28 6JN
Dat¢..
Page 8

Colonsay and Oron8*y Heritage Trust
Statement of Thancial Activities for the Year Ended 31 March 2026
(]ncluding Income and Expenditure Account and Statemellt of Total Recognised Gains
and IAJ5ses)
Uffjrestrkl￿ Restritted
flllld$
fund8
Total
2026
Note
Ineome and EndoTvments frotTr:
Donations and legacies
Total incoll
1.600
5,590
3,990
1,60D
5,590
E￿end1tsre on:
Raisillg fi￿dS
Charitable aetivities
(1,518)
(2.gW)
(1,6731
(3.1911
2,994
Totsl eKPEndtture
Net expenditure
TraJ)sfers between fund
4.512
{1.673
(6,185)
(522)
2,784
(73)
(2.784)
(595)
Net roovcrnent in futtds
2262
(2.857)
{595)
Reconclilation of
Total fi]nds brought fonYoJd
Total funds canied forward
21.995
3,736
25,731
14
24257
Unrestricted
fuDds
879
Restricted
fullds
25.136
Totsl
2025
Note
lttcome aRd EndowJtteBts from:
Donations and legacies
3.143
11,320
14,463
Totsl in¢ome
3,143
11.320
14.463
Expendlthre on:
Raisillg funds
Charitable activities
(339)
4.375)
(162401
(16,5791
4.3751
Total ¢X￿]di[￿re
4.714)
1162401
20,954)
Net expenditure
Net moyemtttt
(1.571)
4920
(6,491
(1571)
(4,920)
16,491)
RecontllAation of fun(is
Total fi]nds bmught forward
23,566
8,656
32222
Total fi￿d8 caTri¢d fonvard
14
21,995
3,736
25,731
All of the ebarity's a¢tsvities derive frolll continuing opentious during tbe alN)v¢ two perio(L
The fvnés breakdoThTr for 2025 is 5howD in note 14.
The notes on page5 11 to 20 fomi an ititegT31 pth ofthese fillane1￿ %tatem¢nts.
Page 9

Colonsay and Oronsay Herltag¢ Trust
(Registration number: SC144749)
Balance Sheet at 31 March 2026
2925
Ftted assets
Tangible assets
io
23
29
Current assets
Debtors
Cash at baDk ill baud
11.320
15.246
12
27,139
26,566
CTeditor8: Amowits fajbng due wltlthi year
13
(2.026)
864
et curreDt
25.113
25.702
Net
25.136
25,731
Find5 of the cbaTIty:
Restrlrted thfome fvnds
R￿trActed fimds
879
3,736
nrestrACted
UDrestricted funds
24257
21,995
Totaifoud$
14
25,136
25,731
For the financial yrar ¢ndillg 31 MaT¢h 2026 the C1￿￿ty etititied to exemptiorL from audit ￿lld¢r sectioll 477
of tbe Compatiies Ath 2006 relatI￿g (o small c4Jowies.
TnL8tees r&spoDsibilities".
accordgtsc¢ with section 476. and
The dir￿thrS acknowledge their responsibilitie6 for ¢OD)plying with thc reqylr￿ts of the Ad with respert
to ac¢owiting and the prq)aration of accoutlts.
Th¢ fuwjcial ststernents on pages 9 kn 20 were apwJY￿ by tht trustecs, altd authotised for issue on
and oll theirbeèdf by:
tLfrt
TnLStee
The notes ollpog￿ 11 to 20 follTt an inte8fdl partof fitwKial ststemuts.
Page 10

Colonsay and Oronsgy Heritage Trust
Notes to the Financial Statements for the Year Ended 31 March 2026
I Charlty st#tu8
The charity is limiied by guardlltee, All¢OryKbrktd ID ScotlaJ( aDd c￿seqU¢ll￿Y does not have share capital.
Each of the tru5t£¢S 15 liable to colltribute an atnoutlt not exceeding £1 towards the as5¢tS L¥f tbe charity in the
¢v¢nt of liquidation.
The address Df its r¢￿tted office is:
Clo Carol Ma¢Neill
Drumclach Steading
Drumclach
Isle of Coloosay
PA617YR
2 Accountlng polities
S#nllnary of 51gnificxnt *rcouDtiBg poilcks and key atcollnl￿g eslimates
The principal accouotin8 policie5 atvltcd in the preparation of these financial srateJn¢nts sei out below.
These ptslicies hav¢ be¢u ¢onsi5tendy applied to all the ycars pres￿1¢4 ullie4s iknise
StatemeDt of cfjmp]laDee
The financial statements have beell pryar&l ID accordaRce Acco￿ting and Re[￿g by Charities..
Statement of liecornjnetxled Practice (applicable to cbarities prepanng their accounts io a¢cordanee with th¢
Fioan¢ia] Reporting Standard applicable in the LK aTEd Repubtic of [￿land (FRS 102)} (issued in October 2019)
- {Ck￿iticS SORP (FRS 102}). the FiDatt¢ial ReP￿tillg Standanl applioblc in thc UK and Republic of tTrland
IFRS 102) and the Companies Act 2006.
B9sls of prqjardtioll
ColoDsay a￿d Oron5ay H￿Itage Tn￿1 meets the de6t)itioD of • public knefit entity FRS 102. Assets and
liabilities ar¢ iniiially reco8lli5ed at historical c05t or Iramartion value uttkss otherwise stat¢d in the relevant
ac¢owiting policy llotes.
Going efjNeern
The ITUStee5 Consider that there are ￿ matffial Uncertai￿7eS about the ¢harity5 ability to continue as a 80in8
concern nor any slgDifi&￿t aTea$ of U￿erta￿tY affe¢L the ca￿Ang value ofassets held by the charity.
Exethptlon from preparlng a ¢*$h statetnent
The charity opted to early adtspt Bulletin I publislled on 2 Febnwy 2016 and hav¢ tberef0￿ iti¢lud¢d a
flow statement ill these fillancial ststemeDts.
lllcome endowments
All 1￿Come is reeogDised once the chaTiry has etttitlejnent to the inconjt. it is Probable that the income will be
received and the am0￿1 of the income ffccivable can b¢ measuted reliabty.
Pagcll

CoIon$ay and Oronsay Heritsge Trust
Notes to the Financial Statements for tbe Year Ellded 31 March 2026
DollatiQThS are reco8Dised when the ¢harity has beett nots"fi¢d ID ￿lti1)g of both the amount and settlen￿nt date.
tn the event that a donati¢)n is sybject to coDditio￿ that Tequire a level o1wforn￿tt¢e by the chartty before the
charity 15 entitled to the the iDcome is defe￿e￿ atyj uot re£ogDi5ed until either those ci)tiditioDS are fully
mel or tbe fulfilmEnt of those Conditions 1$ wholly within the eonrrol of the charity alld il is probable that these
Conditions will ￿ fidfllla4 ill the rep)rnDg periiML
Graryts r¢ee¢v*blt
Gr8J)ts are recogllised when the charity bas an entitlewent to the fimth alld any cotiditions linked to the
have been m¢t. Where perfornwicc Co￿17tionS are attached to the grdllt and are yet to ￿ meL the incorne 15
re¢wised as a li8biiity and ]￿lUd￿ on ￿ balao¢e sheet as def¢rttd It￿Me trj be relea8ed.
Expenditure
All ¢xpendi￿re is recOg￿6ed on¢¢ there is a legal or co￿$tr￿tiVe obb"gation to that txpendi* it is probable
settlelltent is required 8nd the amom)t be measurd reliably. A]1 c￿ts are allocated to the applicable
expenditure h¢adin8 that aggregate similar costs kn that category. Where wsts Ca￿￿t be directly attributed to
particular headings thcy have been allocated on a basi% consistcnt with the use of rcsourtt4 with ¢¢ntral staff
¢Obts alloc*ed on the basis of time spellt. and d¢weciation allo¢akd on the portion of th¢ as5et'S ILSe.
Other supwi costs are a]loc4t¢d based on the spread of cost5.
alS￿g￿ndS
Thesc are costs incurred Lll attracting voluntsry Ill￿￿e. th¢ manager￿[ OF investments ar￿ thos¢ incuTreil in
ading activities that raisE fullds.
CkaTitsble #clivities
Charitable Expenditure cothprises those costs i1t¢u￿ed by tbe chality in the delivery of its acttvities aDd seThices
for its b￿eficlar1e6. It iDcludas both costs tbat can be allocated (lirectty to th actiYttÉes 8Dd those costs Df an
iDdirect naturc necessary to wport thenL
Support Costs
Support costs include ¢eotral functson5 a]Ml have been allocat¢d to activity c05t categories on a basi5 consisient
ith the use of resources. for exampl< aU(Kwing Pro￿ costs by f]ocf ateas, or pet capits, stsff eosts by the
ttme spent and other costs by their usage.
Govern3n¢e costs
The.*e include the costs attTJbutable to the cl]aEity's cornplianc¢ ￿ Cott$ti￿tiOD￿l and #t#tsLtory requirements,
ijjcluding audi¢ strategic mana8emeni and tnjstees meetittgs al￿ ￿1MbU￿ expeose
The ¢harity is ¢OD5ider¢d to the tests set in Parawh I Scbedule 6 of the Finallce Act 2010 and
tkn¢reforc it mews tbe deFiDitioll of a ¢]￿l￿ble Company for corporntion tsx wses. Accordingly, the
charity is potentially exempt from taxation ill rwect of income QT C4Pitai gaiDS reecived witbin ¢ategories
coveFcd by Chapter 3 Part I l of tbe Co￿110n fax Art 2010 OT Seetion 256 of the Taxation of Cknargeable
Gains Act 1992. to the exteut that such income OT gains applied excknively to charitsble pu4)oses.
Tangible fixed assets
Itmlividual fixed assets C￿tIng £0.00 or llK>re ate illitialty recorded at ¢OSL less any sDbsewt accun]ulated
dwreciation and subsequ¢nt aca]rnulated impairni losses.
Page 12

Colonsay and Oronsay Heritage Trust
Notes to the Finauci41 Ststements for the Year Ended 31 March 2026
Depre¢i*tioll amorti$8tion
D¢preci3uon is provided on tangible fixed assets so &$ to wtite off thE ¢OSt or Valuatio￿ Its5 ally £8timat¢d
iesidual value. over their ex￿cted e¢oTJomi¢ life as follows:
Asset cl￿8
Offi¢¢ Equiplllellt
Dtpretl*llon n*thod #nd rxte
2(flD rtduciDg balanGE
Trnde debtors
Trade debtor5 are alllounts from cwtomets for M￿chandi￿ sold or setvires ￿for￿led ill tbe ordinary
cour5¢ of business.
Trade dcbtors are re¢ognised initial]y at the traDsaction price. 71y •t Sllbsequently rÉffts￿ at am(rtised cost
8ing thc efftctive int¢rtst le&5 provision for impirmenL A provision for the iti]paiE￿ellt of trade
debtors is established when thefte is objecliye eviden￿ th* the charitywll ￿t be abl¢ to collwt all 8mcrtmts due
according tr1 th¢ original terms of the r￿e1Vabl&s.
Cash and t8sh eqlllv¥lents
Caskn and cash tyuivaleDts comprise ¢ash OD b￿1 alld cau deposils, alld other short-temi highly liquid
investments that are readily convertibl¢ to a known amount of cash aDJ are subject to an insigllificant risk of
¢bange ill value.
Borrowings
IDter¢st-beariDg borrowin￿ are initially rworded at fair value, n& Of ttaD58ctioTh wsts. Interest-beaTiDg
borrossryn&<y arc subsquertily cwied at alllortised ws¢ the difference between the proceeds. net of
trans&ction costs, and the am<)unt due on redcmwiots bel￿ recognisd as a cha￿¢ to the StsteMc￿ of Financial
ivities over the pen(Kl of the relevaot EKMrow
Jnier&%t expens¢ is reCO￿lS¢d OD the basis of the efftttiv¢ inteEtst medKKI and is in¢hthd illtcre5t payable
atrl similar ¢harge&
Borrowings are ¢1￿]fi￿ as current liabilities wdess the charity bas an u(Kouditiollat iight to defer settl¢ment of
the liability for at least twelve m(Trnths th the rewhDg date.
Fund $try¢ture
Unr¢stricted income futmls ar¢ genuai fuuds that are available foruse al the trustees disrtioll in fvrtberallct of
objectives of the ¢harity.
Desi8Dat¢d fiu]ds are u1￿cted fun& sd a$￿e for specifie purpbw attbe di5crction of the lrnst¢e8.
Restricied incorne are those donated for in a Iwfi¢ular area or for S￿IfiC pur[￿seS. the use of which
is rtstrtcted to that area or pu4Jose.
Pagc 13

Colonsay And Oronsay Herltage Trust
otes to the ￿all¢la1 Statements for the Year End￿ 31 Lmarch 2026
Flnafjclal iDStruments
Th¢ CIMrity has elected to apply the provtSiOll5 of Sections I I "Basic Fir￿￿&1 It￿In￿ts. and Secrions 12
'Other Financial [￿stn￿ts 155ues of FRS102 t(p all of its fjJJa¢ial
Finan¢io] itistnmwits are reCognis￿ in the Charitys balance stsea wbth the Clwity beconwA party to the
contractual provisions of the isntsurnent.
Financial assets alld liabilities are offseL with the all￿ts preSellt￿ ID th¢ fillartc&￿ 8t8*ment4 wt*n there
is & legally enforceable right io sct off tbe recw1s￿l al￿o￿tI￿ and there is an illtcntiOD to settle on a uet basis OT
to rdisc the a&set attd settle the liabiIity 5irnultsllry)usly.
Brtsiefinwia414ssets
Basic finanetaL &&8ets, whith ADcIth trade and ¢)th¢r trceivab1¢5 8DJ ¢&sh 8Dd b8J& balanc4 are initially
me&wred at transaction price including ttansaetion Costs ard are subswueDtly C￿rIed at amortised ¢ost using
th¢ ¢ffecEive intertst meth(xl ￿nIesS the aTraD8erllent ¢oDstilute5 a fiD￿J￿8 r￿L$actiO￿ where the transaGtion is
)Deasured at the present value of the tht￿re receipts discoutt￿l at a M￿￿¢t Tate of interst. FiDau¢ial as4ets
¢i￿lfied as receivabk within one y¢ar are llotawrti5uL
3 ID¢ome from donations and legaci¢s
Restricted
fulldg
Totsl
G¢Meral
Donations and legdeies"
Donations from illdividuals
GrallK in¢luding eapital
ts from other chatities
Regular giviug alld capitsl dollations
Totgl for 2026
3J45
3,545
1.600
1,600
445
445
5,590
Tots] for2025
3.143
14.463
Page 14

Colonsay and Oronsay Heritage Trust
Note5 to the Thancial Statements for the Year Ended 31 March 2026
4 Expe￿d1ture on r81skng funds
a) Costs ofgenerAthig doR&tioDS *lld legaeie5
UArestri¢ted
Deslgnated
liestricled
fvTJds
Total
nds
CeDeral
Note
DotMtioDs alld leEacies
Allocated support tosts
346
346
2,845
.172
1,673
Tot#] for 21>26
1.172
1,673
3,191
Tots] for 202S
339
16.240
16,579
S Expendlthre on tharltable aetlvltles
UBr¢Jtrleted fund
DwgD#ted
Genergl
Nots
General Fuwl
Allocated support costs
174
174
1.828
992
992
Tr+tsl for 2026
I,V28
1,166
2,994
Total for 2025
I,Is
3.185
4,375
Page 15

Colonsay and Oronsay Herftsge Trnst
Notes to the Financial Statements for the Ended 31 March 2026
7 Trnstees re]uuTreratioTr and expeJL4e5
No knstees. nor aDy ￿r50Th% contteded with them, bave Te¢eived auy ranulleration fEom the cljarity during th¢
No trustees have r¢￿1Ved ally rellm￿ expeow or anyOther￿¢fits from tbe clwity dum8 the ye8r.
8 Illdepettde￿t txamiller's remntnlitin
2026
21125
EL*ll1￿tiOn of the financial 5taterfj
992
8S5
9 Taxation
Ibe clwity is a registered charity and is theJYfore exempt fiDm tsxati(
10 TAD8ible ￿ed ##ets
Furnfiture and
eqwApment
Cost
At l April 2025
215
215
At 3 1 March 2026
215
215
DtprEciatio
Al l April 2025
arge for the yeAr
186
186
At 31 March 2026
192
192
Net ljook value
At 3 1 March 2026
23
At 31 March 2025
29
29
11 Debtors
21125
11,320
P8ge 17

Colonsay and Oronsay Heritsge Trust
Notes to the Ftnancial Statements for the Year Ended 31 MY4rch 2026
12 Cash ea5h equiv8lellts
2026
21b25
Cash onband
Casb atbank
155
26,984
27.139
69
15.177
15,246
13 Credltors: amounts falllDg due Tvithkn) one year
2026
2025
Accrua]s
2.026
Page 18

Colonsay and Oronsay Heritage Trnst
Notes to the Finanelal Ststements for the Year Ended 31 March 2026
14 Fullds
B￿all¢C at
31 March
2026
Balanee *t I
April 2025
Reswces
expthded
resoutte5
Transfers
Unrestrleted fvDds
GeHeMI
General fattd
18.633
(L.512
(1.512)
3,146
24,257
18.633
3.146
24,257
I)eNgn￿e￿
Baptist Cknu￿h
3J62
{3.OiKI)
13,(
{362)
362
3.362
Total ￿ttreStrICted fnDds
21.995
(4,512
2.784
24,257
Restricted funds
Ew Fw)draising
Scottish Council foT
Voluntary Organisations
Jnvesting ill Ideas
Iuasg Bllidhe
2,377
{2J77)
879
480
879
(480)
73
IL,673
Total restrkted funds
3,736
1.673
2.784
879
Total
25,731
5554)
16.185)
25.136
Page 19

Colon52y and Oronsay Herltsge Trnst
Notes to the financlal Staternenls for the Year Ended 31 March 2026
Balance at I
April 2024
Incoming
BxlaDce at 31
March 2025
expended
Unrutricted ￿*d$
General
19,014
3.143
(3,524)
18,633
Baptist church
4.552
1.190
TO￿ unre5trictd fi￿d5
23,566
3.143
4.714}
21,995
R￿tricted
Easy Fwidraising
Scottish Council forVoluDtary
Organisations
lttvesting ill Ideas
Stained Glass Workshops
Stones ConseTvation Project
2J77
2.377
879
480
4920
879
480
(4,9201
11,320
11.320
Total restricted funds
8.656
11320
16240
3.736
TotAI fuDd5
32222
20.954
25,731
IS Analysi$ of net assets behveem fvHds
U•re5tritted
funds
Gener*1
Total fimd5 at
31 March
2026
Tangible fLx¢d ass
Curyeot &38¢fS
Curkrnt liabilities
23
27,139
2,026
23
27,139
2,026
Totalnet assets
25,136
25.136
u￿r£StrAtI&l
Tot*1 funds *t
31 M*rc
21)25
Restrlcted
fu￿d&
GeJAeral
Tgngible fixed assets
Current asseES
Current liabi]iti
29
15246
(864)
29
26,566
(864)
I 1,320
Total net assets
14,411
11,320
25,731
16 Related party transattW)A$
There were tm) related paty tr￿n￿lOns in thc ycar
Page20