REGISTERED COMPANY NUMBER: SC216090 (Scotland) REGISTERED CHARITY NUMBER: SC031179 Report of the Trustees and Fin*neial Stgtements for the Yegr Ended 31 MArch 2026 for CEOLAS UIBHIST LIMITED Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HSI 2JF
CEOLAS UIBHIST LIMITED ConteNt$ of the FinanciAI Stgtements for the Year Ended 31 MAr¢h 2026 P)Ig¢ Report of the Trustees Independe( Ex$mRner's Report Statem¢nt of Fin#ncial Aetivities 10 BAl8¢e Sheet 11 to 12 Notes to the FinAnci81 Stgtements 13 to 20 Detailed Sttement of Finncial Activ5tie$ 21 to 22
CEOLAS UIBHIST LIMITED Rep)rt of the Truste¢5 fc*r the Ye#r EDd 31 MAr¢h 2026 The tnjstees who are also directors of the charity for the purposes of the Companies Act 2006, preseni their report with the finan¢ial statements of the charity for the year ended 31 March 2026. The tn]stee5 have adopted ihe provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢able tts Charitie5 PTeparin8 their A¢¢ounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 {effe¢tive l January 20191. OWEcfivES AND AcfiviTIES Objectives gnd airn$ Ceala5 wa5 s¢1 up as a community managed company in February 2001 to develop and progress the work of the Summer School that had been set up as a pilot project in 1996 by Hamish Moore and Pr()iseact nan Ealan. Th¢ objectives within the articles of associalion are the advancem¢nt of education for public benefit in relation io the arts and ¢yliure of the Ga¢lic speaking comn]unities of Scotland and its worldwide int]uences through.. The organisation of iniemational summer school in South Uist. The promotion, encouragement and provision ofeducation in traditional music. song and dance. The promotion, estsblishrnent, operdtion. encoura8etn¢nL provision of education and Iraining of any activity relating to the arts of the Gaclic speakin8 communitie5. Wlth specific regard to the Gaeli¢ and traditional art5 and any other forni of art whi¢h may be consttved as being eomplementary with the foregoing. Pa8e I
CEOLAS UIBHIST LIMITED Report of the Trustees for the Yvar Ended 31 M9rch 2026 ACHIEVEMENTS AND PERFORMANCE Charitsble AttivitÉes A variery of opportunities to be immersed in Gaelic whilst learning about folklore, stories, poetry* song5 and the tradition5 of th¢ land and sea. Ceblas continue io sllpport and promote a rdn8e of events &$ well as work ¢los¢ly with a rnDge of Community partners and stak¢holders. The Ceolas Summer School was held tn July 2025 and welcomed over 100 students io Ui5t for a week.long celebration of Gaeli¢ langua8e. music, dance, and culre. Attendance remairted strong throughout the programme. with all afternoon and evening events selling out. In response to growing intemation81 inteTest, the majority of perforn)an¢es, workshops. and ¢uliur8] events were a]so streamed online, enabling wider participation and engagement with &udiences across ihe world. Throughout the year. Cei)las deliv¢red a varied and ambiiious programme of cultural actiwty designed to promote and ¢elebrate Gaelic heritage within the community and beyond. The allnual symposium, held in July 2025. focused on the Iheme of old schools in Ui$l and explored theLT role within community hisiory, language, and cultural identity. As part of its ongoing culiural prornotion and partnership work, Ceola5 welwmed a number of visiting musi¢i8n5 and artists to Uist during the year. The organisation a150 partneTed with Piping Livel to deliver Gaelic taster sessions as part of the internationa]ly recognised festival pmgrdm]ne, h¢lpin8 introduce new audi¢tJces to Ga¢lic language and culwre. It was fantastic for Ceolas to be able to work wilh the world-renowned Celtic Colours Festival in Cape Breton. Canada. It was the p¢rfect encapsulation of everything that Cei)las has strived for since it began, celebraiin8 and promoting ihe shared culture bettveen Cape Breton and the Outer Hebrides. It was an absolute pleasure to work with all of the incredibl¢ arti5t5 involved in the project and it reinforced our conviction that the work we do is incredibly valuable io the contirtuation and pres¢rvation of our shared heritage. In Novemb¢r 2025. Ceolas delivered As an Tobar. a small scale literary festival ¢elebrating Gaelic and Scots writing, song and creative exchange. The programme opened with a sold out perfomance by Sian in St Peter'5 Hall on Friday evening, followed by a well att¢Dded Saturday afternoon session with Martin Maclntyre and Mairi Ma¢Millan. and a Sunday afternoon event led by Gordon Kerr and MaTca5 Ma¢ an Tuairneir. Across the weekend, audiences engaged with bilingual reading5. discllssion and song. reinforcing Ceblas, role as a creative hub and supporting high quality cultural activity in an island context. The organisation also Continued its long-standing partnership with University of Glasgow, delivering an immersive three-week Gaelic language pgrdMrn¢ in Uisi for university Students. Ceolas re¢o8nises the invaluable contribution made by the local community in supwrting language leaming and cultural imTnersion. Studertts participated in a wide range of a¢tivitit5 across Uist, engaging directly with the lan8uaBe. herita8e. and tyadition$ of the islands through community int¢rdetion. music. storytelling. and Iocol event5. Page 2
CEOLAS UIBHIST LIMJTED Report of the Trustee5 for the Year Ended 31 March 2026 FINANCIAL REVIEW FinAncial position The re5erve5 ai the end of ihe y¢ar were £198,761. Of ihi5. £32,132 were fixed &sset5, leaving £166.629 liquid assets split between.. - General- £22.296 Contingency- £lOO.000 Uist Gaelic Plant)in8 Officer- £20.333 - Gaelic- Uisi Community Projects - £24,000 The deficit reported in 2024125 brought the charity's unrestricted reserves inio line with the reserves policy previously established by the trustees. The policy identified a target level equivalent to six months, running costs, calculated at £IOO.000, which remaiThs the destgnaied level of the wntingency fi]nd. The defkcit for the year retlecied a number of planned strategic inve5ttnents to support delivery tsf ihe organisation'5 business plan and fijture sustainability. These in¢lud¢d the appointment of a Creative Dir¢clor to h¢lp lead the organitiOn into Phase 2 of its strategic development. During 2025126. the orgat)isation continued to fo¢us on strengthening operntional capacity, audien¢¢ en8agem¢nt and long-tenn financial sustaitkability. Trustees remain Confident th projected income and secured fi]nding will contiDy¢ to med planned expenditure, enabling resetves kn be maintained al the target level set out within the reserves policy. Centrdl to this cofJdence is ihe successful award of multi-year funding from Creative Scoiland covering the period 2025-2028. Princ51 funding sourees The co]npany gratefully acknowledges funding received during the year from Creative Scotland. Bord na Gaidhli& The Seottish Government, Comhairle nan Etlean Siar, Highlands and Island5 Enierprise and all other flnancial sup&M)rters. Reserves policy In line with the organisation's finan¢iai control procedures, the trustees aim to build and maintain free financial reserves sufficient lo enable the company to continue operating during challenging financial circutnstan¢¢s. Free flnancial reserves ar¢ those funds which are not tied up in fixed &ssets or de5ignai¢d and restricted funds. ntin en Fund The trustees consider it prudent to maintsin llnre5tricied reserves a¢ a level equivalent to Six month5. running costs in order to mitigate against the risk of fi]nding delays or other unforeseen circurnstan¢es. The fund would also b¢ availabl¢ to 5¢tt1e liabilities in the event of a wind-up. This level continues to be set at £lOO.000. At 31 March 2016. the irnstee5 established an unrestricted contingeney fund of £25,000 in order to identify this reserve separatcly. This increased to £50.000 during the year ended 31 August 2021 and subsequently increased to £1 00.000 during thc year ended 31 March 2023. The reserves position at the end of 2025126 remains in line with this policy target. Restricted funds The charity had ihe following restricted funds in operation during the year.. Bord na G Cei)las contirt4Jed its role as Itad organisation in supporting delivery of the Uist Gaelic Community Lguage Plan in partnership wjth the Uist Gaelic StakeholdeT Group. The Uist Gaelic Developtneni Officer post, nded by Bord rsa Gaidhlig, has now been extended and fiknding s¢cured through to March 2028. tnsuring continuity of community language developmen1 activity across Uisi. Page 3
CEOLAS IIIBHIST LIMJTED Report of the Trustees for the YeAr Ended 31 Mareh 2026 FUTURE PLANS Ceolas launched a new busin¢ss plan last year to support the development of Phase 2. C¢ol&s remains a re¢ogni5ed worldwide ambassador foT Gaelic language, music, dance, cultur¢, and heritage. The organisation Continues to nurture, promote, and showcase the legacy of past gerteration5 to existtng and Dew audiences across the world, while embracing and fosrering the cultural perspe¢tives of current aTtd futur¢ 8etkerations through digital. sustainable. and inclusive practices. Ceol&s' core objective is to promote, encourage, and provide opportunities for en8agem¢nt with Gaelic language and culture, bringing together traditional rnusic, son& dance, folklore, and herttage in a unique and integrated way, with the community at the h¢art of a]1 its work. Cei*la$' Kty Valuos Ce()l&s is committed to protecting. preserving, and d¢veloping the intsngible ¢ultura] heritsge of The Gaelic comrnunity. The organisation 5triv¢s to create inspiring Gaeli¢ experiences for local people and visitors throughout the year, including the potential development of multiple summer schools in the future. It provides infomal and welcoming learning envsronments while continuing to h05t and sUPPOrt forn)al educational panoership5. Cei)la5 SUPPOrt5 progression, participation, and excellence for all learners and PgAi¢ipants, while reeogni5ing the CQTnmunity as a vitsl and aciive part of the Gaelic language leaming experien¢e. The organÈ$ation promotes high-quality and inspirational perfoTman¢es that encourage young people tt> aspire to ex¢ellence and achievement, and continues to strengthen relationships with loca], national. and internation01 organisations through the development of both existing and new partnerships. CeO19$' Strategie Aims ement and Outr ach Ce01 will continue lo engage local, national, and international audien¢es with Gaelic language and culture. fostering deeper porticipation and cultural connection. The organi5ation will involve the community in delivering programmts ond supporting Gaelic-led activities that promote inier8enerational learning, increase confidence, and strengthen language fluency. Through its plarfomi, Ceol&s will ¢ontinue io nurture relationships. skills, org8nisational capacity. and cultural engagement. rtllnities and Innovatio Ceblas will build on its established successes by etnbracing new opportunities and innovative approaches. Working Ilaboratively with 5takeholder5 and partner5. the organi5ation will expand its content and reach for local, naiional, and international alldience5. Through digitol platforms such &8 Instsgrdm. YouTube, and Vimeo OTT. Ceolas will ¢ontinue to share authentic Gaelic heritage with wider and more diver5¢ audiences. mbition and Transfortnational Chan Ceblas has an ambitlOU5 VlSjOn to champion Gaelic language and ¢ulmre for future 8enerations. WoTking closely with the Community. the organisation will colle¢t, preserve, and share traditional dance, music, piping, sot)g. and oral heritage through high-quality video and audio recording. These resources will be shared through events, educaiional aclivity. and digital plarfornis to support the revivo] and celebration of Uis¢s cultural iraditlollS. Leadin and Siren thenin Relationshi Ce4il&s will coniinue to strengthen partncrships with orgat)isations that share its visioTh and values, including collaborations with LTrll Nonh. West and Hebrides, Comunn na Gaidhli& Stor&s Uibhist, Cothrom, and Fèis Tir a. Mhurain, MG Alba, SMO alongside other Gaelic partners. The org8nisation will continue io promote ihe use of Gaelic within public-s¢ctor organisations through new programrne5 and initiatives, while rernainirtg the anchor organisation for the Uist Gaelic Language Plan. Ceblas will also support the Uisi Repopulation Zone Plan by focusing on the role of Gaelic wiihin the lo¢al economy, supporting local employment opportunities, and fvrther strengthening the organisation's capacity io deliver its long-temi 8mbitions. Good Gov rnance and Ftnancial Mana ement Ce()las has ambitious plans io expand tts outreach, activities, partnerships, and audiences. Strong governance, effective leadership, and financial resilience will remain Central to achievin8 these ambitions. The Board and staff team will continue to build organisational sustainability, overcome challeng¢s. and ensure Ceola5 is well positioned for future growth and impa¢i. Pa8e 4
CEOLAS UIBHIST LIMITED Report ofthe Trn$tee5 for the Year Ended 31 MAr¢h 2026 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The organisation i5 a Charitable compony liinited by guarattte¢, incorporated on 23 Febnjary 2001 and re8lStered Scottish Charity. The company was established under a Memorandum of Association which estobli5hed the objects and power5 of the charitable company and is governed under its Articles of Association. In the event of the wmpany being wound up metnbers are required io contribute an amount not exceeding £1. Reeruitment 9nd appotntrnent of new trustees The Company aim5 for a Board of Directors which is resideni and representative of the Community in the Uisis and which brings iogether expertise in the fJeld5 of. inier alia. Gaelic cultur< edu¢ation. media communication and the procurement of ndIrt8. Organi$gtional structure As of M3r¢h 2025. Ce01 employs 5.6 members of staff and is overseen by a board of I I directors, supported by a mmunity Committee. Isabell M&clnnes was appointed to the ¥ole of chairof ihe board in June 2023. Cnoc Soilleir Ltd Cnoc Sotlltir Ltd is th¢ joint venture organisation and parthership formed between Ce(>l&s Uibhist and UH[ North, West and Hebrides to take fon¥ard the development atjd operation of the Cnoc Soilleir building and facility in D&libuJsh. South Uist. Cnoc Soilleir supports the delÉvery and growth of Ce()las' community led activity in Gaelic learning, music and dan¢e, and the educational and leaming opportunities provided by UH] North, West and H¢brides and provides an iconic and modern facility with Gaelic at its heart at the Centre of the South Uist community. The Board of Cnoc Soilleir Ltd consist5 of two membeTS ea¢h from the Board of each of the partner organisaiions. and an independent director. CuJTently. charges are calculated on a 500/0 split. Cec)l&s will take on the responsibility of the second phase of Cnoc Soilleir whilst working closely with UHI North, West and Hebrides io continue to develop the first ph&se. Page 5
CEOLAS UIBHJST LIMITED Report of the Trnstees for the Year Ended 31 M8rch 2026 STRUCTURE. GOVERNAf4CE AND MANAGEMENT Risk m9nAgetnent The irustees have a duty to Èdentify and review the risks to which the charity is exposed and io ensure appropriate controls are IN place to provide msonable as5uranc¢ against frdud and error. A risk register has been developed by the trnstees and those risks identified a5 high or Modera have been 5ummaris¢d below, together with the Steps taken to mitigaie the exposure.. sk descri tion Core gCtivitie$ egular funding applications for core organisational tivity unsuccessful tlon Review funding strat¢gies on an atjnual basis- dentify aliernative funding opportuntties- Seek ditionallalternative funding to 5UPPOrt core aciivity- onsider cancellation of core activi or scalin down. Scale-down additional activity- Consider cancellatton f additional activi Advertise core events early and r¢gularly- Monitor arti¢ipants figures to review engagemeni.- Apply ies to attract new audiences. Costs to be c105ely monitored ID ¢onnectiotTr lo the dditional fundtng appli¢aiions for core organisational unsuccessful ookings for cor¢ activity lowlbelow budget requirements ore activity wns over-budget ravel disruption impact on cor¢ activities. Monitor trdvel routes to ensure that a proposed plan B c Soilleir e of the partners ¢h¢)oses to withdraw from the artnership. Partijers operate in tlose contsct ensuring that mmunicaiion is open and tran5pareni throughout.- ular iK)ard meetin Regular assessment of Cnoc Soilleir project equirements on core Cebl8S Staff.- Identify additional ining requirements and opwrtuThities for core staff elevant to the Regular assessment of Cei)las development through no¢ Soilleir business plan.- Seek additional advice enis¢ where re uired ore stsff requiremettts beyond current organisational pacity e()las fail to grow aclivity to fill Cnoc Soilleir bligatlOT15 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nurnber SC216090 (Scotlandl ReEiStered Ch8rity number SC031179 Registered offiee Cnoc Soilleir Daliburgh Isle Of South Uist Westem Isle5 HS8 SSS Page 6
CEOLAS UIBHIST LIMITED Report of the Trustees for the Ye¥r Ended 31 March 2026 Trn$t¢es W Macphee S A Mackay A O'Henley l Maclnncs J Macisaac S Ma¢intyre P A Macdonald P Morrison C M Campbell L A Crouse S Macdonald Fraser A Ma¢Lellan M Macl¢3n M J R Steele (resigned 30.6.25) (resigned 30.6.25) (appointed 30.6.25} lappoinied 30.6.251 lappoinied 30.6.251 Independent E¥2miner A Cummkng Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HSI 2JF Interim Operation$ ManAger Peggy Ann Macmillan laprK>inted August 20261 Bankers Th¢ Roya] Bank of Scotland Website www.ceol&s.co.uk ATEMEr OF TRUSTEES, RESPONSIBILITIES The mjstees (who are also the directors of Ceola5 Uibhist Limited for the purposes of company lawl are restK)nsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standards {United KiThgdom Generdlly A¢¢epted Accounting Pro¢tice) including Financial Reporting Standard 102 'The Financia] Reporting Standard applicable in the and Republic of Ireland" COpanY law requÉres the trnsiees to prepaTe financial staiements for each financial year. Under that law. the tnJst¢es have elected to prepare the financial statements in accordan¢e with Uniied Kingdom Generally A¢¢epttd Ac¢ounting Prdctice (Uniied Kin¥dom Accountirtg Standards and applicable law). Under COMpY law the ttustees must not approve th¢ fanancial statements unless they are satisfted thai they give a ttu¢ and fair view of the state of affairs of the charitable company and of the incomin8 Tesources and application of resources, including the income and expenditt]re, of the ¢haritsble company for thai period. In preparing those financial ststements. the trustees are reqllired to seleci suitable aco)untin8 poli¢tes and then apply them consistently* observe the methods and priTr¢iples in the Chariries SORP; make judgement5 and estimates thai are reasonable and prudent; prepare the financial statements on ihe going wncern ba515 unless it is inappropriate 10 presumt thai the Charitable company will continue in business. The trnstees are r¢sponsible for keeping proper accounting recoTds which disclos¢ with ronable accurdcy at arhy tim¢ the financi21 w>sition of the charitable Company alld to enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are a150 responsible for safeguarding the assets of the charitable Company and hence for king reasonable steps for the prev¢ntion and d¢tection of fraud and tsther itTegularities. Page 7
CEOLAS UIBHIST LIMITED Report of the Trnstees for the Year Ended 31 M8reh 2026 This rew)rt has been prepared in accordan¢e with the spe¢ial provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the Eoard of Slee5 on l Jun¢ 2026 and signed on its b¢half by.. / j/Fft . l Maclnnes- Trustee Page 8
Independent Exwrniner'$ Report to the Trn5ttts of Ceols Uibhlst Limited I report on the a¢counts for th¢ year ended 31 March 2026 set out on pages ten 10 twenty. Reswtive respottslbllltits of tru$tee$ nd eximlner The Chwity's Irusttts are re5wn5ible for tht preparation of the accounts in accordance with the tcmis of the Charities and Trusiee Investment IScotland} Acl 2005 and the Charilies Accounts (ScoilaTrdl Regulations 2006 las wnended). The harity's trustees consider that th¢ audii requirement of Regulation 1011 Xal io Icl of the A¢eounts R¢Bulations does not apply. It is my responsibility to examine the COUnt5 as required under Sec(ion 441 I Xcl of the Aci ond to sw¢ whether particular malleTS have come to my attention. Basis of tht independent examlner'g report My examination was carried out Èn accordanee with Regulation I l of the Charities Accounts (sc]4dI Re8ul6tions 2006. An examination includes a review of the accounting records kept by the charity 8nd ¥ comp8ri50n of the accounts presented wilh those rewrds. It also include5 consideration of any unusual items or dis¢losur¢s in the aecounls. and seeking explanations from you as frusitts conceming any such matters. The procedures undertaken do not ptrD¥ide 011 the evidence that would be required in #n audit, and consequently I do express an audit opinion on the view Biven by the accout)ts. Independent usminer's ststemellt In conneciion with my ¢x8mination. no matter h85 come to my 8ttention." (l) which gives me re&sonable cause to believe thaL in any maieriaj respect. the requiremcnts io keep accourtting records in ¢0[dance wrth Seciion 44IIX*) of the 2005 Aci And Regu10 4 of the 2006 Accounts Regulations. and to prepare acc4)unls which Accord with the accountin8 record5 and to Lx>mply with Regulation 8 of the 2006 Accounts Re8ul¥tions h¥ve not b¢¢n met,. or (2) which, in my opinion. attentiort should be drawn in order to enable a proper understandin8 of the acwjnts io be rtached. A CuTnmin8 The Institute of Chartered Accountaiits of SCotld Mann Judd Gordon Ltd Ch8n¢T¢d A¢countyits 26 Lewis Sireet Stornoway Isle of Lewis HSI 2JF l June 2026 PaEe 9
CEOLAS UIBHIST LIMITED ststement of Fin•neknl ActlvltSes for the Ye•r Ended 31 Mr¢h 2026 31.3.26 Total funds 31.3.25 Total funds UnrestTiCted funds Restricied funds Noies INCOME AND ENDOWMENTS FROM )naiion5 and legacies 255.378 66.424 321.802 190,273 Cbarft#ble aetlvltles Chariiable activitie5 141,902 I41.12 117208 Other tr¥dirÈ8 activities Investment income 15,570 15,570 11,834 Tot#1 412850 479 274 319428 EXPENDITURE ON Raising fvnds 7.009 4,555 Cbrit*ble activities Charitable activities 389 380 423 083 372 691 Totsl 396 NET INCOMEI(EXPENDITVRE) Tr¥n$f¢rs between funds 16.461 32.721 49,182 (57.8181 14 Net movement ftrnds 40.504 8.678 49.182 157,8181 RECONCILIATION OF FUNDS Totsl funds brought forward 113,924 35,653 149,579 207.397 TOTAL FUT4DS CARRIED FORWARD 154428 198 761 149.579 The notes fom? psrt of these finan¢ial stst¢ments P88¢ 10
CEOLAS VIBHIST LIMITED Balance Sh¢¢t 31 Mgrch 2026 31.3.26 Total funds 31.3.25 Total funds Unr¢stricted fvnds Restricted funds Notes FIXED ASSETS Tangible assets 10 32.132 32,132 37,802 CURREP4T ASSETS Stocks Debtor5 Cash at bank 1200 10,000 131.298 ,200 10,000 175,631 1,200 33.715 12 142,498 44,333 186,831 112.365 CREDJTORS Amounis falling due within one y¢8r 13 {20.202) {20.2021 (588) NET CURRENf ASSETS 166,629 TOTAL ASSETS LESS CURRENT LIABILITIES 154,428 44.333 198,761 149.579 NET ASSETS 154,428 198 761 149579 FUNDS Unrestricted funds Restrieted funds 154,428 13.924 35.655 TOTAL FU]YDS 198.761 149 579 The charitable ¢ompany is ¢ntitled to ex¢mption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026. The members have not required the company io obtain an audit of its flnancial statements for thc year ended 31 Mar¢h 2026 a¢¢ordance with Section 476 of the Companies Aci 2006. The trustees acknowledge thcir responsibilities for (a) ensuring that the charitable company keeps ac¢ow)¢kng records that comply with Sections 386 and 387 of the CoThpanies Act 2006 and preparing fJnanci#l statements which give a true and fair view of th¢ state of affairs of the ¢haritable 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 ihe Companies Aci 2006 relating to finan¢ial statements. so far as applicable to the chariiable company. {b) The notes fomi part of these financial statements Page 11 ¢ontinued...
CEOLAS UJBHIST LIMITED B8lanc¢ Sheet- continued 31 March 2026 Th¢se financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The fiDancial 5tatement5 were approved by the Board of Trustees and authorised for issue on l June 2026 and we signed on it5 behalf by.. tJ/lk/4o W Ma¢phee- Trusie¢ The notes fomi part of these financial statements Page 12
CEOLAS UIBHIST LIMITED Note5 to the Fin8llCig1 Staternents for the Ye#r Ended 31 March 2026 STATUTORY INFORMATION The organisation is a charitabl¢ company limited by guarantee, in¢ofjx)rated in Scotland on 23 Febrnary 2001 and registered &5 a Scottish chariry. The company was esiablished under a McmoTandum of Association which established the objects and powers of the charitable company and is govemed under ils Articles of Association. In the event of the company being wound up rnembers are required to contribute an arnount not txceeding £1. The registered office and pla¢e of business is.. Cnoc Soilleir, Daliburgh, 151e of South Uist, HS8 SSS. The des¢ription of the charity's operations is included in the ReFQrt of Ttvstee5. ACCOUNTING POLICJES Bgsis of prepr5ng the fitt#nciAI 5tstements The fjnancial statements of the charitable ¢ompany. which is a public benefit entity under FRS 102, have bee prepared in accordance with the Charities SORP (FRS 1021 'Accouniing and R¢portin8 by Charittes.. Statement of Recommended Practice applicable to chariiies preparing their a¢¢ounts ill aOrdanCe with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Ad 2006. The fLnan¢ial statements have been prepared under the histori¢al cost conv¢niion. The presentation curren¢y of the a¢ntS is Pound sterling l£}. Th¢ accounts are rounded co the nearest £1. Golng Concern Thc Charity is a gtsing concern and there are no materia] uncertainlies ¢asting signifi¢ant doubl over it5 ability to continue as a going ¢oncern. Critital #eeountiDg judgements and key sourcu of estimation uncertainty Fixed assei n¢t book value and depreciation char8e5 are the are&s of the accounis which are affected by significant judgement5 and estimates. The trustees exercise judgement in de¢erniining both the useful econotni¢ life and the likely residual value of the charity'5 asseis. This judgement affects the rates of and Charge for deprttiion in the a¢counts for the year. It also therefore affects the n¢t book va]ue of the assets in the balance Incorne All incotne is reco8ni5ed in the Statement of Finat)ci Activities once the charity has entitlement to the fvnds, it is probable that the income will be received and th¢ amount can be measured reliably. Irhcom¢ from government and other grants, whether ¢apital grants or revenue grants, is recognised when the charity has entitlement to the funds. any perforn]an¢e ¢onditions artached to the grants have been mei, it is probable that the income will be r¢ceived and the amourtt can be tneasur¢d reliably and is not defeJTed. Eypenditure Liabilities are recognised as expenditure as soon as there is a legal or ¢onstructiv¢ obligation ¢ommittitLg the charity to that expendiiure, it is probable that a transfer of economic benefits will be r¢quired irt s¢ttlement And the amount of the obligation can be measured reliably. Expendiiure is accounted for on an accnlals basis and has been classified under headings that aggregate all cosi related to the category. Where cosis cannot be directly attributed to particular headings they have been allocated to activities on a basis con51Stent with the use of resources. T8ngible fixed assets Depreciaiion is provided at the following annual rates in order to wrire off each ass¢1 over its estimated us¢ful life. Equiprnent 150/0 depre¢iation on red4Jcin8 balance Page 13 continued..
CEOLAS UIBHIST LIMITED Notes to the Finsneial Stgternents- eODtinued for the Yegr Ended 31 Marth 2026 ACCOUNTING POLICIES- Continued Stotks Stocks are valued ai the lower of cost and net realisable value, after making due allowance for obsol¢t¢ and slow moving items. Tax8tion The charity is exempt from corpoyation tax on its eharitable activities. Fund accounting Unrestricted funds can be used in acwrdance with the charitable objectives at the di5creiiot) of the trustees. Restricted ndS Can only be us¢d for particular restricted PUTposes within the objects of the charity. Rtstrictiorts arise when specifled by the donor or when funds are raised for particular restricted purposes. Debtor5 and ereditors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayment5 are valued at the amount prepaid net of any trade discounts due. Creditors and provisions art re¢ognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the anJount due to settle the obligation can b¢ Measur or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount aft¢r allowing for any trade dtscounts due. DONATIONS AND LEGACIES 31.3.26 Total fund5 31.3.25 Total funds Unresiii¢ted funds Restricted funds Donations and Gift Aid Grants 4.165 251,213 4,165 317637 550 189,723 255 378 321.802 190 273 Grants received. included in the above, are as follow5.. 31.3.26 31.3.25 Creative Scotland Comhairle nan Eilean Siar Highlands and Islands Enterpris¢ Bord na Gaidhlig Comunn Na Gaidhlig BBC Scottish Book Trust Celtic ConnecttotLS University of the Highlands & Islands The Touring NetWOTk 90,000 16,488 18,380 190.924 81.000 8,342 80,000 2,450 750 700 10,881 5.600 317.637 189723 P8ge 14 contirtued...
CEOLAS UIBHIST LIMITED Notes to the Financial Statement$- continued for the Year Ended 31 March 2026 OTHER TRADIP4G ACTIVITIES 31.3.26 Tothl funds 31.3.25 Totsl funds Unrestricted fwids Restricted funds Other sales ond commissions her in¢4)me Fundraising and raffl¢s oje¢t management fees 11.871 1.779 .920 11,871 1.779 1,920 6.981 994 2,859 11.834 INVESTMENT IIYCOME 31.3.26 Total funds 31.3.25 Total funds Unr¢stri¢ted funds Restrict¢d nds Bank acwunt interest 113 NET JNCOMEI{EXPENDITURE) Net incomel(expenditure} is stated after ¢haJEing/(creditin81'. 31.3.26 31.3.25 Deprttiation- owned assets TRusfEES' REMUNERATION AND BENEFITS The followin8 payments were made to trustees. in respect of activities caryi¢d out in d¢livering the charity's services.. - P Morrison received £70012025 - £2.137} in respect of teaching and musi¢ian fees S Maclntyre received £58012025 - £NIL) in respect of musician fees. l MacInnes r¢¢eived £200 {2025 £225} in respect of being a CeilEdh Htsst. - A O'Henley received £48212025 - £350) in respect of the UHI PartneT5hip project. L Crouse received £1.67] {2025 £843) in respe¢t of translation s¢rvtces. Trustees expen5e8 There were no 31 March 2025. trustees, expenses paid for the year ended 31 Mar¢h 2026 nor for the year ended STAFF COSTS The average monthly number of employ¢es during the year was as follows.. 31.3.26 31.3.25 All staff No employees rec¢ived emoluments in excess of £60.000. Pa8elS continued...
CEOLAS UIBHIST LIMITED Notes to the Finan¢ial St#tements- continued for the Year Ended 31 March 2026 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied funds R¢siricted funds Ttstal INCOME AND EP4DOWMENTS FROM Donations and lega¢i¢s 190,273 190273 Charitable attivities Charitable a¢tivitie5 117.208 117,208 Other trading activitie5 Investmeni income 11,806 28 11.834 113 Total 3 19.400 28 319428 EXPENDITURE ON Raising funds 4.555 4.555 Charitable activities Chariiable activities 347.578 372.691 TotHI 352.133 NET INCOME/(EXPENDITURE) Tr8n5fers between funds (32,733) 104511 (25,0851 157.818) Net movement in funds 143,184) (14,6341 (57.818) RECOiYCILIATION OF FUNDS Total funds brought forward 157,108 50,289 207,397 TOTAL FUNDS CARRIED FORWARD 113.924 149.579 TANGIBLE FIXED ASSETS Equipmeni COST At l April 2025 and 31 March 2026 DEPRECIATION At l April 2025 Charge for year 47.639 5.670 At 31 Mar¢h 2026 NET BOOK VALUE At 31 March 2026 At 31 March 2025 37,802 Page 16 ¢oThlinued...
CEOLAS UIBHIST LIMITED Notes to the FinncSal St¥ternents- continued for the Yer Ended 31 March 2026 STOCKS 31.3.26 31.3.25 Stocks 12, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.26 31.3.25 Grant5 receivable Prepayment5 10,000 20,250 33.715 13. CREDITORS: AMOUNTS FALLJNG DUE WITHIN ONE YEAR 31.3.26 31.3.25 Cr¢dit card Socia] security and other t&xes Pensions payable Accrued expenses 2,282 6,253 66 416 (1.9281 2.100 588 14. MOVEMENf IN FUNDS Nei movemetjt in funds Tran5ftrs between funds At 31.3.26 At 1.4.25 Unrestricted funds General fund Contingen¢y Fwid 13.924 100000 16,461 24.043 54.428 loo,000 113,924 16,461 24,043 154,428 Restricted fund5 Development Manager Integration Manager Adapt & Thrive Uist Gaeli¢ Planning oificer Gaelic- Community Project5 11,612 (11.6121 (11,718) {12.325} 12.325 20,333 24,000 20.333 24.000 32.721 TOTAL FUNDS 149.579 198.761 Page 17 ntinued...
CEOLAS UIBHAST LIMITED Notes to the FlnAneiAI Stgtements- continued for the Vegr Ended 31 March 2026 J4. MOVEMENT IN FUNDS- continued Net moverneni in funds, included in the above are as follow5.. Incomtn8 resources Resources expended Movement in funds Unrestricted funds General fund 412.850 1396,389) 16.461 Restricted funds Development Manager Uist Gaelic Planning Officer Ga¢lic- Community Projects 42.424 24.000 122,091) 20.333 33.703 32.721 TOTAL FUT4DS 479.274 430 0921 49,182 CompargtiYe5 for movement Sn funds N¢t ovement in funds Transfers between funds A¢ 31.3.25 At 1.4.24 Unrestricted funds General fund Contingen¢y Fund 57,108 132.733} (10,451) 13.924 157,108 (32.7331 {10,451) 113.924 Restricted funds Development Mwager Integration Manager Adapt & Thrive Radio Ceol&s 19,553 13,786 14,500 {16.9621 12.0681 12,1751 9,021 11.612 11,718 12.325 1.430 50.289 25.085 35.655 TOTAL FUNDS 207 397 578181 149,579 Page 18 continued...
CEOLAS UIBHIST LIMITED Notes to the FiN#nei91 Statemenis - continued for th¢ Year Ended 31 MHreh 2026 14. MOVEMEiYf IN FUNDS. continued Comparative net movement in funds. included in the above are as follows.. In¢oming iesources Resources expended Movement in funds urtride funds General fund 319,400 1352.1331 (32.733) Restricted funds Developmertt Manager Integration Manager Adapt & Thriv¢ Radio Ceolas 116,962) (2,068) (2,175) 116.962) {2.068) {2,175J 28 28 25.085 TOTAL FUNDS 319.428 377 246 A current year 12 monihs and prior year 12 months Combined w)siiion is a5 follows.. Net movement in funds Transfers beN¢¢n funds At 31.3.26 At 1.4.24 Unre5trieted funds General fund Contingency Fund 57,108 {162721 13,592 54,428 loo.000 157,108 {16.2721 13.592 154,428 Restrleted funds Development Manager Integration Manager Adapt & Thrive Radio Ceolas Uist Gaelic Planning Officer Gaeli¢- Community Projects 19.553 13,786 14,51)0 2,450 128.574) 12,068) 12,175) (3.880} 20,333 9.021 112,325) 1.430 20.333 TOTAL FUNDS 207 397 198 761 Page 19 continued...
CEOLAS UIBHIST LIMITED r4ote5 to the Financial St9tements- continued for the Y¢fir Ended 31 M9Tch 2026 14. MOVEMENf IN FUNDS- continued A current year 12 Tntsnths and prior year 12 tnonths combined n¢t movement in funds. included in the above ar¢ as follows.. Incoming resou¢$ Resources expended Movement in funds UDrestricted funds G¢nerdl fund 732.250 {748,522) 116,2721 Restricted fund$ Development Manager Integration Manager Adapt & Thrive Radio Ceolas Uist Gaelic Plannin8 Officer Ga¢li¢- Communiry PrOJts {28,5741 12,068) 12,1751 {3,9081 (22.091) 128.5741 (2.0681 (2.1751 (3.8801 20,333 28 42,424 TOTAL FUNDS 798 702 807,3381 Trnnsfers between funds The transfer of balances IJJ the restricted funds for "Integration Manager" and "Adapt & Thrive" to the Unrestricted General Fund is due io the funds being closed as the capita5 expeThdibJre held within these funds was fi]Ily expended in PTevious yeaTS, in accordance with the funding received. RELATED PARTY DISCLOSURES 15. Related party disclosures are mad¢ in note 7. 16. VLTIMATE CONTROLLING PARTY There is no ultimate controlling party. Page 20
CEOLAS UIBHIST LIMITED Detailed St#tement of Fin&Dcial Activities for the Year Ended 31 Msrch 2026 31.3.26 Total fund5 31.3.25 Total funds Unrestrrcted funds Restricted fid$ INCOME AND ENDOWMENTS Donations legacies Dollations and Gifi Aid Grants 4,165 251213 4.165 317637 550 189.723 66.424 255,378 66.424 321.802 190,273 Otber trading adivities Other 5ale5 and commissions Other incorne Fundraising and raffles Projea management fees 11.871 1,779 1,920 6,981 994 2,859 1,000 1.779 1,920 15,570 15,570 11,834 Investment Incorne Bank account interest Ch9ritAble aetlvities Srndent fees Community events 120,837 120,837 93,093 141.902 117.208 Totgl incoming resources 412,850 66,424 479274 319,428 EXPENDITURE Other trading Aet5vities Purchases 7,009 7.009 4,555 Charitsble Activities Wages Pensioll costs Cape Breton tutors & trdvel Venue artd equipment hire Tutor fees and travel Webstte developTnent Insuran¢e and lictnres Translation Symposia l ¢onferenees Consuliancy fees Radio claS A's an TobaT Ce'ilidh na Lasaig UHIICS Pathership Carri¢d fotward 139,779 3.505 23,928 297 163,707 3.802 184,788 3.664 2.061 1,200 12,886 4,324 2,065 2.347 2.357 10.410 6,308 616 1,905 1,051 2,428 11,850 2.772 1.596 5,844 754 188,818 10.410 6.308 3,256 1,905 1,458 2,428 17,275 2,772 1,596 5,844 754 221,515 2,640 407 5.425 3.908 1.154 13.497 4,798 239,049 32,697 This page does not fomi part of the 5tatulOry fjnancial statemenis Page21
CEOLAS UIBHIST LIMITED Detailed Stjtement of Financial Activities for the Ye*r Ended 31 Mgrch 2026 31.3.26 Total funds 31.3.25 Total funds Unrestricted funds Resiricted fwids Ch9ritablt #ctivitie5 Brought forward Staff development & training Summer School Implementation sts Gaelic ¢]Se5 188,818 218 63,345 32.697 221,515 218 63.345 239,049 160 33,992 260 58,645 58.645 311,026 32,697 343,723 304299 Support costs Management Office rent and utilitie5 Office supplies and telephone Advert15ing Other travel and subsistence Bank charge5 Depr¢¢iation 55.660 7,286 882 1.275 428 55,660 7,384 1,002 2.063 428 5.670 43.911 8,466 3,267 98 120 788 976 71,201 1.006 72,207 63.291 Governance eosts Accountancy fees Legal fees Meeting expenses Professional fees 5.633 5.633 4,525 468 1,520 1,520 108 Totsl resources expended 396.389 430 092 377 246 Net (eyp¢ndRtureYin¢ome 16,461 32.721 49,182 57.818} Thi5 page does not fom part of the statutory financial siaiements Page 22