REGi¥fERED CH.4RITY Nu￿lBER. SC046584 rt of the Trustees a Lnaudired Financial Statements for the Trear Ended I l Au 512024 for SKYEYenis scio Donald Rank"in Busine55 Setvices TiLtli an Oisean Bridoe Road POR"I"RLE T51e ofsk)'e Hi¥hland 11.'i19ER KYEvents scio Cononrs ot'ihe Financial Siaien)eni for the YeaF Elided 31 .4u ust ?024 Repon of the TTUStee5 Indepeftdcnt E¥aminerfs Rey)rt Statement of Financial .4ctivities Balance Sheet Notes to Ihe Pinanctal Statements Detailed Staternent of Financial Aciivilies l? ￿ 13 SKYEvents scio rt of (he Trustees for the YiaT p.nded 31 .4u usl ?0?4 The trustees present their rewrt with the financial sratements of the ¢haTity for the year t￿ded 31 August 2024. The trustees have adopied the provisions of .Accounl¥ng and Reporting Chariiies.. Stsieinent of Recomniended Practice applicable to charities preparing their accouiits in a¢¢ordancc M'ith Ihe Financial Rop donated £8..795 in ?O?- I'he new LiquidEty Manager Account accrued inieresi received of £1. l i6 in 7024 [lasi year was £?711- STRLcfi'.RL. GOI'ERY.INCE A%4D fvI.4N.4CENIENiT Goi'ernivg doeurnent Charirablc Tncorpuratcd Organisation wilh standard SCIO eons(itution Rttrnitment and ￿p￿Intment of nem trnsiees Nomination5 and election5 at AGM. Risk mgn8gement All Events include a risk manaoernenl proceduTe Maiiauenieni of the SCIO Includes maintenance of reserves and dual Sluna￿Te rt4uiremeiJi on chques. REFF.RENCE 4ND ADMIJISTRATII"E DET.4ItS Regisitred Ch*rity' number SC.046584 Page I SKYEI'Lnis Principal aililrc55 l L¥h Ila Gtsilach 5 Upp¢r C"ulbost T)un%cLpaii l-le of Skvc I￿.$) SZT Ind¢ SL-ri'ices l jtpli olsrari Brid£t Road POR'I"KEE Isle ofsk-we IK'il 9ER 0511612025 Approved b). orde¥ of buttnl oftrusrees 00........................... .... ... ........ and sigiicd on its trKhaifby'. Ex3 i￿scIOj I a¢¢w)ts foi tt* 31 2024 setoutots pagcs futrto ckveD. charity's #re resbx)llxible for thc prep3[￿ll of tk x£otdfi￿ the tentts of <]￿lt￿S attd TnL8lcc. Invcstmeth {ScotiatKI) Att 2(X)5 atyj the chwn.ties Regulation82(th (ts aU￿r￿1¥]). 'n cknitys truslees tOJL%idet the fequrn￿t of Re￿￿tion l(¥IXap to Icl of the Acc(n]ots R¢sulations does not &pply. It Tny respoA51bt]iry tp ¥Aa¥rtioe tht as Trwist41 Settion44llXt} of the.4rt 5tste wheth¢r partieulatTpallefs have to w attenii(M My exwinatioB ¢aTrll￿ our Jtt atrordaDcc y'ith Rtgul2&oD I l of thE Omritiex Accounts (Seth) Rewd&ii 200G. Ao reNThvofthe xcouryt￿g kqrtby thc clwiry atyl a cotiwariS￿Tr ofthe prtgettttd Thith record* JT also irtchuks ￿￿ldern￿4)n of aDy itcrns or dtEcioguTh iJ] a4X1JTh￿È. BAd the evIde￿e th4t be s￿11( at]d £oD5ewdy I th) Dot expESg an8￿][ op1￿*0￿ on the vffteu'lliva by th¢ #￿Qu￿ to keep accoumttti re¢ord8 3£CQTd8M* Fith Stsxion 44IINa) of the 2(M)£ AL% aDO Re¥u&tiofj 4 of 2tX16 Accoiirtts Re￿l¥la,.7*￿s., and to ptcpare acco￿8 wh￿h accord the arAI ID ctsuyly Fith RgthtiOD 8 of'th¢ 2006 Accounts R¢yAthon$ haFC not bern or (21 io whicl ID Jw" (yiuio]L attenli¢)th should ¥n ortht ￿ eDable a tyfth¢ to be DoD&ld R3tkin SeNt¢c FIJL an OLsYa Brid8e Road PORTREE Isle ()f Sky¢ Ivil 9ER PA8e 3 SKYEvenis TO Siateinent of Financial .4ciii iiies for tlie Year Ended JI .4u usl *0?4 31.8.?4 Totsl fijnds 31.8.23 Total fund5 Llnrestricted fijnds Rcsiricted fund INCOME.4ND ENDOWMENTS FRO￿1 Donations and legacie5 1247 2.247 9.142 Charitable a£tivitie5 Hall-Kfara(hon Santa D&%h Dunvegan l OK St21fin TTiaihalon 1,424 2.??0 4.ii7 .4?4 2.446 3,664 4.557 Other rrading aLliviiies Ini'estment Income 27.078 29,080 271 Total 71.975 71.97) EXPE_NDITIIRE ON Raisin¥ funds 2,430 6.790 Charitable actii'iiits Hdlt. ￿larathon Adminisiration Santa Dash D￿n￿egan IOK SialTin Triathalon 54.699 54.699 43.624 i8i 9.5?3 4.931 9.793 4.164 6_7)4 10.906 4.164 6.754 10.906 Total 79.282 75,244 ET IFICOMEIIEXPENDITLIRE) 17.i071 17,J071 (4.0141 RECONCILI.4TION OF FUNDS Toial funds brO￿ght fon¥ard 40.084 40.084 44,098 TOT.4L FUNDS CARRIED FORW.4RD i2.777 40,084 The notes form part of these financial statements Page 4 Skl'EvenL -scio RAI.Inc¢ Sheet Uiire%iricied Tunds Resti￿[ed rurtd TLllal funds lotal funds NoiES FIXED.4SSETS i.68_3 i.347 fl IRREliT.ASSETS .Siock-s Debivr5 C&qh Ut bank. and In IHI 3.670 i.lJ70 i¥.778 43.562 44.105 C'REDTTORS d￿C iviihin one year io 14.079 NTr'.T CI"RRE.)T A.SSFTS 40.4ry6 TO'f..ii. ASSE'fs CIIRRF.NT LI.IBILITIES 36.018 Ac.fRI1.4￿ 4￿D DEFERRED INCOIIE 1 %.6891 YET..tSSL'I'b .777 4D.084 FIINDS Liire51Ticied funds 4n,084 '1'0'1-.4L FI,'N'DS -,7.777 40.084 3PPTaied h Ihe E5oard of Truqt¢e5 8nd authoriscd for aiid ii'tre s14[￿￿ tsii its khalf bi.. Issue on 511612025 The rn)ies forni pan ot"these financial 5ratements Pa￿¢.) SKYEwenis scio Notes to the Financial Staleinenis fnr the Year Ended il .411 iugi ?0?4 AC.C.OLNTING POLICIES Basis of preparing the financial 5tstementS The financ121 staiements of the chdriij. ￿"hICh is a public benefit entirv under FRS 10? hai'e bcen prepared tn accordance ￿lth the Ch3rilies SORP IFRS 10?) 'Aecounlinv and Reporting by CharTiies- Starement of Recommended Pwtrce applicable lo charities preparin￿ their accounts in accordance ivith Ihe FInancial Reporting Standard appliLable in the LK and Republic of Irelaiid IFRS 1021 letTecrive l January 20191,, Financial Reportin StkJidaTd 102 The lin2nLial Reporiino StsndaTd applicable In rhe LIK and Republic of Irelat)d' and die Charitie5 and T￿￿lee Tni'esrment Iscotlatbdl Aci 200). The financial sthiements have bee prepared undtr rhe htstort¢al cost contreniion_ Ineorne All iiicome Is recoonised in Ihe SLiiemenr of FinaTrcial Acttvities once the charl￿. has entitlernent ro tlie fvnds. It 15 probable thai ihe incorne will be iecei%"ed and the amouni can be measured reliably. Eipenditure Ltabililies are recognised as expenditure as soon as Ihere is a legal 01 constructii'e obligation COrnrnTtting the charit). to th3t expendiiure. it is probable th￿ a transfer of economic benefils will be required in settlemcnl and the amount of the obligation can be meawTed r¢liablTr'. Exptndjtllre Is accounted for on an a¢¢ruals basis and has been classified tinder headings thai au4yreJu te ￿1 cost relaied to the catcgory. Where costs cannot be direcilv attributed to particular headings the}. ha￿e been alloc*ed ￿ aciivitie5 on a basis LOrtSiSlent wirh the of resources. Tangible fixed #$5ets Depreciation is provided at the following annual raies order io Hviie off each asset ol'er its estiniaied useful Equspmeni 150/0 on reducing balance Stocks Siocks are valued ai the lomtr of cosi atsd nei i¢a115able value. afier makiiig due alloivance for obsolete and slow moving items. Taxation The charity 15 exempt from ￿ on its thantable 3Cll%'ities. Fund actounting Liiresiricred lunds can be used in aceordance ￿￿th the ¢harirable objeciives ai the discretion of the trusttes. ResTTTCted funds can only be used for part¢cular restnckd purposes i&ithin the objec15 of ihe cliaTEty. Restrictions 2ris¢ iihen specified bv the donor or ￿the￿ funds are rdised for particular Tesiricted purposes. Pension costs and other post-retirement benefits The charit! operates a defI￿¢d coniribitiion pension scheme. Coiiiribuiions pajable ro ihe charit) s pension scheme are charged io the SiaLemeni of Financial ACti￿llIeS in the peri(Ml to which the) relaÈ. continued... SKYEvents 10 Notes to the Financial Statem¢nts- continued OTHER TRADI￿G Acri￿.[T]￿s i1.8.24 i1.8.2i Sponsorships Sale ofmerchandise 19.170 7,908 19.170 9,910 27.078 29.080 IN￿'EsTmE}T INCOME 31.8.23 Deposit account inierest 1.156 271 TRUSTEES. RENIUYER.4TIO% .4P4D BENEFITS There were no irustecs, remunerdtion or other benefits for the vear end¢d ) l August ?024 nor for the s'ear ended il .4ll¥usi ?02). Trustee$, ex￿n$t5 There were no 31 August 20?3. In]siees' expenses pajd for the sear ended 31 Aug￿1 20?4 nor for the )'ear ended STAFF COSTS The average tnonthly number of eMplO￿ee$ durinu the as follows-. 31.8.24 i1.8.23 Project ManaiTerJ'Race Director Evenis OrJtt niser Events Co-ordinator Finance Mat)agcr No employees rcecived cmoluments In excess of £60.000. COMPAR.4T[￿'Es FOR THE STATE.NIEIT OF FINANCI.4L.4crii'iTIES Unrestricied furtds Restricted fund Total funds INCOME.4ND ENDOW￿lE￿Ts FROII Donation5 and l¢ga¢ies 9.142 9,142 Charitable actÉvitie5 Half IqaTaiho Saiiu Dash Dunve¥an l OK Staffin Triathalon 1.231 1446 i.664 2,446 3,664 Other trading activities Investment incotne 29.080 171 29.080 271 Total 71.230 contrDued... SKYEvenis scio Notes to th¢ Financia] Stat¢tnenis- c for the l'ear Ended i l .Qii usi ?0?4 niinued C.OMPARATIN'ES FOR THE sTATE￿IEYroF FINANCIAL.4(TIN"ITILS- continued Unr¢5tricicd Restricted fijnds fund Total fijnds EXPEiNDITURE ON Raising funds 6.790 6,790 Charitable a¢tivities Half Klaratlion Adtninisiraiion Sants Dash Dunvegan IOK Staffin TTiathalon 43.624 58i 9,523 4.931 9.79i 4.9i I 9.793 Total YET INCONfEI{E¥PENDITURtI 14.014} 14.0141 RECONCILIATION OF FiINDS Total lunds brouJiT i foni.aTd 44.098 44.098 TOTAL FL'Tr4DS CARRIED FORII'.4RD 110.084 40,084 TANGIBLE FIXED.4SSETS Equipment COST Al I September ?023 Additions 986 At 31 August 2024 6,?31 DEPRECI.4TIO At I SepteTnber ?0?" e for year 1,898 650 At 31 Augusi ?024 ?.548 NET Book V.4LUE At 31 .4u¥usi 2024 3.683 At 31 August 202i i.347 C4)ntinued... SKYEvents SCIO Notes lo the Financial Staiemenis- conlinued for Ihe Year Ended _I1 .4u stOCKS il.8.23 Stocks DEBTORS: .4MOIIYTS FALLING DL'E M"ITIIIN" ONE I'EAR 31.8.24 31.8.23 Trdde debtor5 Other debrors Prepayrnenis 98i 10. CREDITORS: AMOiINTS F.4LLING DIE WITHI) ONE )'E.4R Trade creditOf5 Taxation and social security Other creditors 8.599 9i2 2.306 1.962 4.079 ACCRUALS AND DEFERRED ISCOIIE i1.8.24 31.8.23 Actruals and deferred income i.241 12. MOvEmE￿T FUryDS Ner movetnent in funds At 31.8_24 At 1.9.?3 Unrestricied funds General fund Dcsiunated.. Half Mardthon Coniingenc! 10.084 iO.000 1?.6981 14.609 2*.j91 40,084 17,J07 3?.777 TOTAL FLiNDS 40.084 {7,i07) 32.777 Nei movefflent in funds. included in the above are as follows". Incomin rtsources Res()urces expended Movement in fund5 Llnre5tricted funds Gentral lllnd Desianaied.. Half Maraihon Contingenc 71.975 {74.67Jl 14.609) 12,6981 14.6091 71.975 {79,2821 17.i071 TOTAL FUliDS 71,975 179.2811 17.i071 continued... SKYEvents Note5 10 th¥ Financial Siaiem¥nts- continued for the l'ear Ended il .4LI lust 2 12. MoN.F￿lENT I￿ FLNDS-coniinu¢d CompAr*tives for rnovement in funds Tran5fet5 beiween fijnds movement In fi]nds At 31.8.23 At 1_9.?1 Unresiricted funds General fund Desienatcd.. Half Maraihon Coniingency i4,098 10.0 14.0141 120.0001 ?0.000 10.084 30,000 44.098 {4,0141 40.084 TOT.4L FUNDS 4S.098 (4.0141 40.084 Cornpar*Jve net wnovement in funds, 1￿clUded in the abofve a￿ as follows-. Incomin Tesources Resources e.Ipended ovement in funds Llnrestrittcd funds Generi21 fund {75,?44 14.0141 TOTAL FUYDS 175.?441 14,0141 A current year 12 monihs and prior year 12 months combined position is as follo1￿= Transfers beThveen nds movetnent in funds Ai 31_8.24 Ai 1.9.22 Llnrestricted funds (ieneral fund Desibrnat¢d.. Half Marathon Coniinuenc). i4.098 10.(100 (6.7121 14.6091 120.000 20.000 7.i86 44.098 32.777 TOTAL FUNDS 44.098 A current year 12 and prior y&gr l? tnonth5 cornbined nei movement in fiutds. included the al￿7Ve are as folloMs= Incoming ie50urces Resources expended Moveinent in fiJnds Unrcstricled funds General tund De%iiFnated: Half Mat31hon Coniin8ency 14i.205 1149,9171 14.6091 16,7121 14.C)091 143.•05 1154.5261 TOT.4L FUliDS 143.205 1154.5261 Page 10 contÉnucd... SKYEvents scio Note5 10 IhL Financial Siaiem¥nts- conlinlltd for the Year Ended il .4iiousi ?0?4 13. RELATED PARTI. DISCLOSL RES There were no related party irattsaciions for the year etmled i l A￿guSt 2024. Pagell SKYEv¢nts scio Detailed Siatemenl of Financial Aciiviiies for the Year Ended 1 .4uousi )Ury4 i1.8.24 i1.8.23 INCOME AND ENDOWMEYTS Donations and legacies Donations GTdnis 1.747 iOO 9,142 2.247 9.142 Other trading uclivitie5 Spon%or5hips Sale of merchandÈ8e 19.170 7.908 19.170 9.910 27.078 29,080 Investment income Deposit account ini¢rest Charitable actii'ities Enlry ftes 41.494 i2.7i7 Totgl incoming resources 71,975 EXPENDITI',RE Other trading activities Purehascs 6,790 Charitable act1￿1t1eS Wages Pension5 Insurance Telephone & tnternei Posixge and Stationery Advertising Sundrie5 Prizes Cateriiig & hospirality Race lev1¢5 Race services ManagNement services Cortsumdble5 Hire of cquipmeni Donations Sllbsciiplions Photography Rgdd closure 28,850 23,046 16 600 1,087 255 797 919 6.789 349 575 ?57 1.559 11.337 2.lio 9,679 8.12i 256 60 i.164 5,li7 3.36i 10,299 50 1.929 4,449 945 454 583 65,)56 1.200 4.449 Travel & subsistente Medical sttviees Carried forward i,415 73.710 ThTrs page does not fom) part of the statutory financial stsiements Page l? SKYEv¢ntS sci Deiailed Siaienient nf Financial ,IctivilJes for the Year Ended J l .4u¥u5t ?0?4 i1.8.24 i1.8.23 Ch#ritable attlVl¢ies Br()ubhi forwzrd Depn of equIprnent HMRC inteTesr 7i.710 (A9 65.ii6 i90 24 74.359 66.170 Support costs Governance costs A¢¢ountancv AGM expenses 1,725 559 329 2.284 Total resources expended 75.244 Net expenditur¢ 17,i071 14.0141 This page does not fortn part of the stsiutorv financial ststements Page 1.3