REGISTERED COMPANY NUMBER: SC259718 (Scotland)
REGISTERED CHARITY NUMBER: SC032047
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
SHAWBOST OLD SCHOOL TRUST
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
SHAWBOST OLD SCHOOL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
|
|
Page |
|
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
13 |
SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended31March2025.ThetrusteeshaveadoptedtheprovisionsofAccountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives of the charity are the provision of recreational and educational facilities on the West Side of Lewis.
Significant activities
The Trust owns and operates Ionad na Seann Sgoil in Shawbost which is a modern multi purpose community centre.
Volunteers
Thecontributionofvolunteers(includingdirectors,membersandindividualsfromthecommunity)hasbeenandcontinuestobe, of
immense benefit to the charity in establishing, maintaining and managing Ionad Na Seann Sgoil.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Duringtheyear,thecharitycontinuedtomanageandmaintainthecommunitycentreandgenerateincomefromtheuseof the
centre's hall, office spaces and kitchen facilities.
Internal and external factors
Thecharityispartiallydependentuponthecontinuingsupportofpublicfundingagenciestoassistintheongoingdeliveryofthe aims
and objectives of the organisation.
FINANCIAL REVIEW
Principal funding sources
Thecharityisdependentongrants,donations,admissionsincomeandfundraisingtofunditsoperationalcosts.Fulldetailsof the
charity's principal funding sources are included in notes 2 and 3 to the financial statements.
Investment policy and objectives
Thecharity'sreservesaremaintainedinbankaccountsasthecurrentlevelofreservesarerequiredtomeettheTrust'sshort term
operational requirements.
Reserves policy
TheGeneralfundrepresentstheunrestrictedfundsfrompastoperatingresultsandthefreereservesofthecharity.The trustees
considerthattheleveloffreereservesinunrestrictedfundsat31March2025issufficienttomeetthecharity's operational
requirements. The trustees ensure that the ongoing running costs are met by the projected recurring future income streams.
Duringtheyearthecharity'sresourcesexpendedexceededincomingresourcesresultinginnetexpenditureof£15,307forthe period
(2024-netexpenditureof£23,333).Thisdeficitisasaresultoftheannualdepreciationchargeof£18,081whichisfunded through
restricted funds.
FUTURE PLANS
The charity's plans for the future include:-
- the ongoing management, maintenance and development of the community centre in the forthcoming year;
- continuing to organise and stage fundraising and community events at the community centre.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheTrustisacharitablecompanylimitedbyguarantee,incorporatedon24November2003.Thecompanywasestablishedunder a
MemorandumofAssociationwhichestablishedtheobjectsandpowersofthecharitablecompanyandisgovernedunderits Articles
of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Page 1
SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law.
UnderthetermsoftheMemorandumandArticlesofAssociationtheElectedDirectorsareappointedbyallthemembersat the
AnnualGeneralMeeting.OnehalfoftheElectedDirectorsretireannuallyateachAnnualGeneralMeetingbutareeligible for
re-election.
Organisational structure
Theboardconsistsofvoluntarydirectorswhomanagetheaffairsofthecharitythroughregularboardmeetings.Thecharity has
revieweditsinternaloperationalstructuretoassistintheeffectivemanagementoftheorganisation.Theboardmembersare heavily
involved in the day to day operations of the charity.
Induction and training of new trustees
The charity undertakes training for trustees to ensure awareness and understanding of:-
-
the responsibilities of directors;
-
the organisational structure of the charity;
-
the financial position of the charity; and
-
the future plans and objectives of the charity.
Wider network
The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC259718 (Scotland)
Registered Charity number
SC032047
Registered office
Ionad Na Seann Sgoil
North Shawbost
Isle of Lewis
HS2 9BQ
Trustees
N Macleod
M Wallace
L Hebditch
M Hebditch
F Jefferson
A Maclennan
Independent Examiner
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
Page 2
SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Bank of Scotland
47 Cromwell Street
Stornoway
Isle of Lewis
HS1 2DE
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
Approved by order of the board of trustees on 2 March 2026 and signed on its behalf by:
N Macleod - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHAWBOST OLD SCHOOL TRUST
I report on the accounts for the year ended 31 March 2025 set out on pages five to thirteen.
Respective responsibilities of trustees and examiner
Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsoftheCharitiesand Trustee
Investment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended).Thecharity's trustees
considerthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoesnotapply.Itismy responsibility
toexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostatewhetherparticularmattershavecometo my
attention.
Basis of the independent examiner's report
MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations2006. An
examinationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonoftheaccountspresentedwith those
records.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts,andseekingexplanationsfromyou as
trusteesconcerninganysuchmatters.Theproceduresundertakendonotprovidealltheevidencethatwouldberequiredinan audit,
and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John E Moffat BA FCA
The Institute of Chartered Accountants in England and Wales
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
2 March 2026
Page 4
SHAWBOST OLD SCHOOL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,909
-
Charitable activities
Community Centre
13,326
-
Other trading activities
2
156
-
Investment income
3
-
-
Total
17,391
-
EXPENDITURE ON
Raising funds
811
-
Charitable activities
Community Centre
13,806
18,081
Total
14,617
18,081
NET INCOME/(EXPENDITURE)
2,774
(18,081)
RECONCILIATION OF FUNDS
Total funds brought forward
2,414
510,540
TOTAL FUNDS CARRIED FORWARD
5,188
492,459 |
31.3.25
31.3.24
Total
Total
funds
funds
£
£
3,909
2,600
13,326
6,326
156
1,208
-
1
17,391
10,135
811
1,152
31,887
32,316
32,698
33,468
(15,307)
(23,333)
512,954
536,287
497,647
512,954 |
|
|
The notes form part of these financial statements
Page 5
SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)
BALANCE SHEET
31 MARCH 2025
Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
31.3.25
£
492,160
2,172
4,935
7,107
(1,620)
5,487
497,647
497,647
5,188
492,459
497,647 |
31.3.24
£
510,241
490
4,676
5,166
(2,453)
2,713
512,954
512,954
2,414
510,540
512,954 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 March 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31March2025 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthecharitablecompanyasatthe end
ofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirementsofSections 394
and395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relatingtofinancialstatements, so
far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon2March2026andweresignedon its
behalf by:
N Macleod - Trustee
The notes form part of these financial statements
Page 6
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the charity.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Judgements and key sources of estimation uncertainty
Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements,estimates and
assumptions that affect the amounts reported for assets, liabilities, income and expenditure.
Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.
Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimatesarerecognisedin the
period in which the estimate is revised and in future periods should it affect future periods.
Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmenttothecarrying amount
of assets and liabilities are as follows:
Useful economic lives of tangible fixed assets
Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimatedusefuleconomiclives and
residualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates,futureinvestment, economic
utilisationandthephysicalconditionoftheassets.Detailsofthevaluesoftangiblefixedassetsareincludedinthenotes to
the financial statements.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itis probable
that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
Raising funds
Costsofgeneratingfundscomprisethecostsassociatedwithattractingvoluntaryincomeandthecostsof fundraising
activities.
continued...
Page 7
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Charitable activities
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities.It includes
bothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirectnaturenecessarytosupport them.
The allocation of direct and support costs are analysed in the notes to the financial statements.
Governance costs
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirementsofthe charity
and include accountancy fees and costs linked to the strategic management of the charity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- 2% on cost
Plant and machinery- 4% on cost
Fixtures and fittings- 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.
3.
OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Fundraising events |
156 |
160 |
Other income |
- |
1,048 |
|
156 |
1,208 |
INVESTMENT INCOME |
|
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Interest Received |
- |
1 |
continued...
Page 8
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Depreciation - owned assets |
18,081 |
19,148 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
31.3.25 |
31.3.24 |
Management |
1 |
1 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,600
Charitable activities
Community Centre
6,326
Other trading activities
1,208
Investment income
1
Total
10,135
EXPENDITURE ON
Raising funds
1,152
Charitable activities
Community Centre
13,168
Total
14,320
NET INCOME/(EXPENDITURE)
(4,185) |
Restricted
funds
£
-
-
-
-
-
-
19,148
19,148
(19,148) |
Total
funds
£
2,600
6,326
1,208
1
10,135
1,152
32,316
33,468
(23,333) |
|
|
|
continued...
Page 9
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
fund |
funds |
funds |
|
|
|
£ |
£ |
£ |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
|
6,599 |
529,688 |
536,287 |
|
TOTAL FUNDS CARRIED FORWARD |
|
2,414 |
510,540 |
512,954 |
8. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
Fixtures |
|
|
|
Freehold |
Plant and |
and |
|
|
|
property |
machinery |
fittings |
Totals |
|
|
£ |
£ |
£ |
£ |
|
COST |
|
|
|
|
|
At 1 April 2024 and 31 March 2025 |
835,533 |
42,630 |
61,058 |
939,221 |
|
DEPRECIATION |
|
|
|
|
|
At 1 April 2024 |
326,417 |
41,505 |
61,058 |
428,980 |
|
Charge for year |
16,956 |
1,125 |
- |
18,081 |
|
At 31 March 2025 |
343,373 |
42,630 |
61,058 |
447,061 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 March 2025 |
492,160 |
- |
- |
492,160 |
|
At 31 March 2024 |
509,116 |
1,125 |
- |
510,241 |
9. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
31.3.25 |
31.3.24 |
|
|
|
|
£ |
£ |
|
Trade debtors |
|
|
2,172 |
299 |
|
VAT |
|
|
- |
191 |
|
|
|
|
2,172 |
490 |
continued...
Page 10
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Other creditors
Accrued expenses
11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
1
Current assets
6,807
Current liabilities
(1,620)
5,188
12.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Building and equipment fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Building and equipment fund
TOTAL FUNDS |
Restricted
funds
£
492,159
300
-
492,459
At 1.4.24
£
2,414
510,540
512,954
Incoming
resources
£
17,391
-
17,391 |
31.3.25
£
200
382
485
553
1,620
31.3.25
Total
funds
£
492,160
7,107
(1,620)
497,647
Net
movement
in funds
£
2,774
(18,081)
(15,307)
Resources
expended
£
(14,617)
(18,081)
(32,698) |
31.3.24
£
573
-
261
1,619
2,453
31.3.24
Total
funds
£
510,241
5,166
(2,453)
512,954
At
31.3.25
£
5,188
492,459
497,647
Movement
in funds
£
2,774
(18,081)
(15,307) |
|
|
|
|
continued...
Page 11
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Building and equipment fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Building and equipment fund
TOTAL FUNDS |
Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£
6,599
(4,185)
2,414
529,688
(19,148)
510,540
536,287
(23,333)
512,954
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
10,135
(14,320)
(4,185)
-
(19,148)
(19,148)
10,135
(33,468)
(23,333) |
|
|
General fund
The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.
Building and equipment fund
Thisrepresentsthefundsraisedfromvariousorganisationstoassistwiththebuildingofthecommunitycentreand the
purchase of equipment.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
continued...
Page 12
SHAWBOST OLD SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
14. LIMITED BY GUARANTEE
Thecompanyislimitedbyguaranteeandhasnosharecapital.Theliabilityofeachmemberintheeventofthe company
being wound up is restricted to £1.
15. PERMANENT ENDOWMENTS
The charity does not have any permanent endowments.
Page 13