REGISTERED COMPANY NUMBER: CS(WO• (Scotland) REGisfERED CHARITY NUMBER: SCOS2664 Report vf the I￿1￿1 for Ile Pcriod 5 J•ly 21123 10 31 DeCe￿ber 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 ofFJMllci*l Atliyltles B*l*nee Shee¢ Notes to the fr1th4tsd￿ St*tthellts 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: sta￿￿￿t of Rerommended Praclice applicablc to clJariii¢s prep&TiDg th&r a¢cDunts in a¢cordwce with the Fina￿101 Ryrtins stand￿ applicable in the UK and Rcpublic of Ireland (FRS 1021 (effective l JIn￿ry 2019)_ IP4CORPOIL4TION Thr chutilablc comp¢￿Y was RncorpKYaied th 5 July 2Q23 avj COllllDaKed trthling on the sam¢ date. OBJECTIVES AND ACnVITIFS Slgnifitxnt set5￿11¢% 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. H￿ll8 a c4)mmunity hub offering aceommdatw ¢of¢, ¢-bik¢ hi￿ laundrelle. 10 pin Eowling and oiher &tivities would ￿nefit FM)th Visi￿rS and re5ident5 alike. A community Hall allxhed to the btsikjirtg is 8 rtttnt Constn￿l￿n and in workrnB order and contains a fully equipped and certifled eommertial ki*hert 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 esiimi*d *el of £S Millbon and a devel(yrnent IN￿0￿ch 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 Organi￿10￿ (SCIO) with the 0￿1¢¢ 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 ACCOUnt￿S 26 Lewis Street Siornoway Isle of Lewts HSI 2JF ',fl IOL5 Approycd by OTdcrof the bDard of th￿terson..................................._........ atMI sig￿ed on its i￿alf by: Pagc 2 Es*mlNer's Report to Ihe Trustees or S*ndwiekhill Devek•pmeTht Tr￿St 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 aEcordat*c with thc trTtfLS of thc Chariti¢s and Tn￿re¢ InV￿Men1 (ScotiaThJ) Act 2C￿lS 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 A￿oUn15 Rcg￿la¢lo￿s 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 aL*tsJNiing records kepi by the chariiy and a corn￿rI￿n 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 whi¢h Riv&s rn¢ ray)n•bl¢ cau5C to b¢li¢v¢ thAL in Jny mal¢rial re4)e¢t, the Tequirements to keep accounting tec(Kds ID accorth￿£ wilh Scct¥Jn 44(IXa) of the 2￿5 Acl atwj Regulalion 4 of th¢ 2￿6 Accounts Regulations; ond to prepare accounts which xwrd with the xcountin8 records aTrl ￿ comply wilh Re8uiAtion 8 of th¢ 2006 Accaunts Regul￿101 have not be¢Tr m¢t' or (21 to which. in my opinion. allthtiLM sh(￿j be drawn in Order th enablt a wyper underllarxlifi8 of the aeeounls I Mann Judd Gordon Lid Chsnered Accountanis 26 Lewis Sireet Ston￿waY 151¢ uf Lcw55 Iisi 2JF Dalc.. LO L015 Pase 3 SANDWICKHILL DEVELOPMENfTRusr scio Cor the f¢tlod 5 2•23 to 31 December 2•24 UnYcstn'e*d R¢stricttd funds Total Not INCOME AND ENIK)WMENTS FROM Donations And l¢gYKirs EXPENDITtJRE ON Ch*rftable leflwllks R￿¢VeloPment of ihe font*rSandwKk 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 B*lantÈ 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 Sist￿eAts for Ike Perl•d S July 2023 t• 31 Decen￿r21)I4 ACCOUNTING POLICILS Basis of pr¢pAring the fM•n¢i*l ststeme•ts Thc fin8nti&l sttttrtr*nts 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¢$: Sl•l¢m¢n¢ of ReCoMrnet￿ed Prnaice applicable w chariiies PTepariAB thehr in accordance with the Fit)an¢iAI Reportin8 StsndArd appiicabk in the UK •¥J Republic of Ireland (FRS 102) (efftttive l Januory 2019)., Fingncial Stgndard 102 The FifjaDcial Reyting Standard applicable in th¢ UK and Republic of ITeland' and the Au 20D6. The fir￿la1 ￿ve been prep￿1 urnler the hiswrical cosi convention. All iucomc is r￿o￿ls￿ iti th¢ Ststsm¢nt of Finao¢ial Aaiyitiw once ¢b¢ chatity ba5 clltillrmrnt to the fund5, it 15 probabl¢ Ihat th¢ inwm¢ will aNI th¢ ran bc r¢liably. EX￿ldIe[MIC Liabilities arE YffOBtiised as cx￿￿11￿11t os that 1$ a I¢B41 ur (Lw￿tiVe 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￿&ji￿re 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 he*lin8J have beer• alloca￿d 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 ￿￿1￿ble 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 Pull￿larTe%trIcted WfPDSts. Further expl￿￿tiOn of the kn I￿1p￿1￿ ofeach fimd is incltyJe41 in th¢ Krtes to the fthattcial stateiiients. DONATIONS AND LEGACIES Grants Grants reeei¥ed. i￿1￿￿ed itithe atw)v¢ *e 8$ follot Crown E*te (CnES) Poitit atld Sandwick Trtst 16,0(X) 16.O¢J Pase 6 conlinu¢d... SANDWICKHILL DEVELOPMENT TRiJST SCIO r4ote5 tD the Fknllcl81 StAteU￿￿t¥- ¢•ptlfjued ror the Per￿d 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 D￿ber2024. CREDITOKS: AMOUTr4TS FALLING DUE WITHIN or4E YEAR Accrued ex￿n$t% 300 MOVEMENT IN FUNDS Net K>veTT)rnl iq fyMd8 31.1224 Unrestrkled funds F￿1b1]ity St￿lY fi￿d 24,972 24.972 TOTAL FUNDS Net wovemtht in fill￿, iti¢lUd￿ in the at4)ve are ¥ follow5: Rcsourcts MoVcrne￿¢ exp¢ryled in funds Unrest￿ted lunds Feasibility SDJty fund 32.IMXI 17.028) 24,972 TOTAL FUNDS RELATED PARTY DISCLOSURES There We￿ no rela￿d pjtty irnnsactiotss for the peritwj t￿ded 31 December 2024. Py7 SANDWICKHILL DEVELOPMEP4T TRUST SCIO D￿alled 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 108 408 Totsl ￿SoUrceS Net page not forni put of the staiutory f￿￿￿claI stalemellts P28¢ 8