REGISTERED COMPANY NUMBER: CS(WO• (Scotland) REGisfERED CHARITY NUMBER: SCOS2664 Report vf the I11 for Ile Pcriod 5 J•ly 21123 10 31 DeCeber 2024 for SANDWICKHILL DEVkLOPMkNT TRUST SCIO Mann Jydd &rdon Lid 26 Lewis Stsyet Stornoway Isle of Lewis HSI 2JF
SANDWICKHILL DEVELOPMENT TRUSTSCIO of tbe Flualld Ststem¢Dts for the Period S July 2023 to 31 De¢¢mber 2024 ge Report •f the Trth$ltes Iwdewden¢ Rtprt Ststemellt ofFJMllcil Atliyltles Blnee Shee¢ Notes to the fr1th4tsd Sttthellts DtlAiled of Fl•••eknl Ac¢M¢ks
SA]YDWICKHILL DEVELOPMENf TRusr scio Report Of lh¢ Ti¥ste¢s for lkn Perlod 5 J¥ty 2•2J t• 31 De¢ember 24 The trustees who are also diTectOTS of the charity the pUfj> of thc Companie5 Act 2(. PT¢TrI their rctM)rt with the financial sI¢m¢nI5 of thc charity for the perKMI 5 July 2023 to 31 D#embcr 2024. Th¢ trusi¢es hav¢ adopted the prowsion5 of Accowiting and Rcwtsn8 by Ch8tiiics: stat of Rerommended Praclice applicablc to clJariii¢s prep&TiDg th&r a¢cDunts in a¢cordwce with the Fina101 Ryrtins stand applicable in the UK and Rcpublic of Ireland (FRS 1021 (effective l JInry 2019)_ IP4CORPOIL4TION Thr chutilablc comp¢Y was RncorpKYaied th 5 July 2Q23 avj COllllDaKed trthling on the sam¢ date. OBJECTIVES AND ACnVITIFS Slgnifitxnt set511¢% Sandwickhilll Development frust ISDT) was set up in Decembe¥ 2022 by resitleni volwiieers spetifit2lly io msn8ge and redevelop an okl and disused h0o1 building ift thr pati5h of Sandwi¢L Isle of Lewi5. 11 is hopEd to brin8 the buildin¥ back inlo thr comfflunily by convcrtin¥ il inlo a c(Knmunity hub aTxl r¢cr¢aiional 5PK¢. The pro3ec¢ is SupP)rt by Comhairl¢ rAn Ell Siar IpttseJ)t owners), HI& Western Islr5 EntetPri5e as well a% tlie SaTKlwi¢khill Lon]munity. The proximily of S•TrJwickhdl to the Western Isles and Slornoway m8k¢5 the Lvmmwiity a good ¢ntral lo¢ation for visitQT5 to visit aryj explore the ¥rea. Hll8 a c4)mmunity hub offering aceommdatw ¢of¢, ¢-bik¢ hi laundrelle. 10 pin Eowling and oiher &tivities would nefit FM)th VisirS and re5ident5 alike. A community Hall allxhed to the btsikjirtg is 8 rtttnt Constnln and in workrnB order and contains a fully equipped and certifled eommertial kihert and Lwrrentty sn e. A n[ of r(x)nL% in the Upper Level trtsert an opwtunity w rent lo social 8fowFfj businesses. Intlial build costs has eon in with #n esiimid el of £S Millbon and a devel(yrnent IN0ch is being n5id¢rcd. FUTURE PLANS An IAnntair. a lrfal Arts Centre based KL Stomoway is intrrtsted in forni• a wtnership wilh Slyt arnd negotiations conlinur with the I{al CoutKil {CnFS) with the aim of pwch&sing lh¢ wlM)l¢ sile and allTOCting funding SOU¢5 STRUCTUR4 GOVERNANCE AND MANAGEMENT Governing d•cument The ehariry 1$ ¢oniroll¢d by its Constitution 4rrfl is regtstered as A Scottish Chanlabk Jn¢orporatoa Organi10 (SCIO) with the 01¢¢ of the S¢otttsh Charity Regulator (OSCR). REFEREP4CE ALYD ADMIN]STRATIVE DETAII Reglttered Compxny Dumber CS(K)(AOO (0t11ftd) Reglstered Chirlry number SC052664 Reghtered offiet ATOS an Rubh Knock Point Islc of Lcwis HS2 OBW
SAiWWICKHILL DEVELOPME TRUST SCIO Report gf the Tr•sle f•r the Perlgd 5 July 2023 1• 31 D¢vwber 21ll4 Truslee4 Stcrttary Indegendent Ex•tminer Mann Juthl Gordon Ltd Chattrred ACCOUntS 26 Lewis Street Siornoway Isle of Lewts HSI 2JF ',fl IOL5 Approycd by OTdcrof the bDard of thterson..................................._........ atMI siged on its ialf by: Pagc 2
EsmlNer's Report to Ihe Trustees or
Sndwiekhill Devek•pmeTht TrSt SCIO
I repm on the a¢couEVS for the period 5 July 2023 10 31 2024 set pages lour to sevtD.
Kt4)tctivt rcsponyibilities of truttts and txsmiwer
The chan"ry's trustees are resp)nsible for the preparati(m of the xcoutts in aEcordatc with thc trTtfLS of thc Chariti¢s
and Tnre¢ InVMen1 (ScotiaThJ) Act 2ClS and th¢ Chariiies Aeeouw {S¢otlandl Rwlation$ 2006 (&% am¢nded}.
Thc charily's IrllstCCS consid that the audit requirement of Regulat IIKI Xa} {¢} of thc AoUn15 Rcgla¢los do
rwjt apply. It 15 my responsibility to ¢Jamine the acwmts required under Sectson 44(1)(¢) of the Aci and to stote
wh#her pgrtieul8r matters have com¢ to my anmiiofi.
Blsls of thc Ind¢pend¢nt cx•mlJKrf5 report
My examiMation w< carried r)ui in accordance wiib Re8vi¥litin 11 of the Cknitie5 Accwn15 {S¢Nland) Regulations
2006. An examination Ln¢ludes a review of the aLtsJNiing records kepi by the chariiy and a cornrIn of the acc(rt]n
presented with Tecth& It a150 considuatson ofany unusual items ff dis¢losur&s in ihe accounts, aJ¥J
seeking explwwiions from you as cowning any matreT5. The rK(Kedures undertaken do tM)t provide all
the evidence thal would be wuired in an audiL evrtrquenlly l th not ¢xpress audii opinicm ott the view 8iv
SANDWICKHILL DEVELOPMENfTRusr scio Cor the f¢tlod 5 2•23 to 31 December 2•24 UnYcstn'ed R¢stricttd funds Total Not INCOME AND ENIK)WMENTS FROM Donations And l¢gYKirs EXPENDITtJRE ON Chrftable leflwllks R¢VeloPment of ihe fontrSandwKk Sclwtsl 6.620 6,620 408 Total Nrr INCOME 24.972 24,972 TOTAL FUNDS CARRIED FORWARD The 1¢$ forni p8n of the fin8ncial swtemenis P•ge 4
SANDWICKHILL DKVELOPmENTTRu SCIO BlantÈ Shttt 31 Derethb¢r 2024 Rr5trictcd Total nds es CURRENT ASSETS Cash at bank 25,272 25,272 CREDrroRS Amounts falling within one year (3(W)) (300) NET CURREfa ASSETS 24.972 TOTAL ASSETS LESS CUlUiE[ LIABILTTIES 24.972 24.972 NET ASSETS 24.972 FUNDS Unresthcted ffiJnd5 TOTAL FUNDS finan¢ial statements were approved by the BoArd of TnL5$ ¥NI wthorised for issue o AX.. LfL5............. and WCTE signed on its behalfby: The rKNes fomi pfjn ofth¢ fmaKial swemen Pag¢ 5
SA14DWICKHILL DEVKLOPMENT TRusr scIo N•tes to the Fin•DciII SisteAts for Ike Perl•d S July 2023 t• 31 Decenr21)I4 ACCOUNTING POLICILS Basis of pr¢pAring the fM•n¢il ststeme•ts Thc fin8nti&l sttttrtrnts of the eh8tiry which li • Ixrtefit erttity undtt FRS 102, havc prcptrcd in a¢cordonce with the Cjwities SORP IFRS 102) 'Ac¢wnting and R¢F4xting by Chariti¢$: Sl•l¢m¢n¢ of ReCoMrneted Prnaice applicable w chariiies PTepariAB thehr in accordance with the Fit)an¢iAI Reportin8 StsndArd appiicabk in the UK •¥J Republic of Ireland (FRS 102) (efftttive l Januory 2019)., Fingncial Stgndard 102 The FifjaDcial Reyting Standard applicable in th¢ UK and Republic of ITeland' and the Au 20D6. The firla1 ve been prep1 urnler the hiswrical cosi convention. All iucomc is rols iti th¢ Ststsm¢nt of Finao¢ial Aaiyitiw once ¢b¢ chatity ba5 clltillrmrnt to the fund5, it 15 probabl¢ Ihat th¢ inwm¢ will aNI th¢ ran bc r¢liably. EXldIe[MIC Liabilities arE YffOBtiised as cx1111t os that 1$ a I¢B41 ur (LwtiVe Obligatio ¢ornmittiDg the h8tity to that CXP¢TKlitur¢. it is probablc that a trdrofrr of economic bcDcfits will b¢ n4uir¢d in scttlcmcnt and the amount of Ihe obli8alioD can be n]eagJrd reliably. EX&jire is accounted for on an acau8]s basi5and has be¢n Glas$ifi¢d under he8dittg$ tkt •ggregate Jll Cost rel•ted to thr ategory. Whrr costs unnot bE dir¢ctty AttritrNJted to partielllar helin8J have beer• allocad to adivities on a btsis eonsigtent with the use of The charity is cxcrnpt frorn e4xtrtKziion lax ffl its clharitsblcaaiviiic F#1 atcoBnlln8 UtW¢5trictul fund5 can in aLroriknL¥ wilh thE 1ble objtthiyv It the di5LTthin of th¢ trystce& Restricted funds ca only be for restriatrj purp)ses within the obie¢ts of ihe Charity. Restridions ari5c when 5prKificd by thr doNJr orwhth tunth rnixd for PulllarTe%trIcted WfPDSts. Further expltiOn of the kn I1p1 ofeach fimd is incltyJe41 in th¢ Krtes to the fthattcial stateiiients. DONATIONS AND LEGACIES Grants Grants reeei¥ed. i1ed itithe atw)v¢ e 8$ follot Crown Ete (CnES) Poitit atld Sandwick Trtst 16,0(X) 16.O¢J Pase 6 conlinu¢d...
SANDWICKHILL DEVELOPMENT TRiJST SCIO r4ote5 tD the Fknllcl81 StAteUt¥- ¢•ptlfjued ror the Perd S July 21123 to 31 Ikt¢mb¢r 21124 TRUSTEES, REMUi%ERATION AND BENEFITS There were trusltt< remuneralion orodxrbenefits for the F*nod cndrd 31 DcLrmkr 2024. Trustees. expenses Thue were expakw paid for the period ended 31 Dber2024. CREDITOKS: AMOUTr4TS FALLING DUE WITHIN or4E YEAR Accrued exn$t% 300 MOVEMENT IN FUNDS Net K>veTT)rnl iq fyMd8 31.1224 Unrestrkled funds F1b1]ity StlY fid 24,972 24.972 TOTAL FUNDS Net wovemtht in fill, iti¢lUd in the at4)ve are ¥ follow5: Rcsourcts MoVcrne¢ exp¢ryled in funds Unrestted lunds Feasibility SDJty fund 32.IMXI 17.028) 24,972 TOTAL FUNDS RELATED PARTY DISCLOSURES There We no relad pjtty irnnsactiotss for the peritwj tded 31 December 2024. Py7
SANDWICKHILL DEVELOPMEP4T TRUST SCIO
Dalled State*t of Artlviti
r•r the Peri•d S July 2023 ts 31 Decetnber 2•24
INCOME AND ENDOWM&Nrs
Dwiati•ns and legxr4e5
Cjrants
T•tal in