REGISTERED COMPANY NUMBER: CSiK16400 Isrotland) REGISTERED CHARITY NUNIBER: SC0$2664 Repjrt Trustee5 Financial StattmeAt5 for the Yur 31 Detember 2•25 for SANDWICKHILL DEVELOPMENT TRUST SCIO Manr] Judd Lid Chanered A¢¢ounianis 26 LJYIS Street Siornoi*ay Isle of Lewis HSI ?JF
SANDWICKHILL DEVELOPMENT TRusr scio Conlents ofthe FiATrdal &•temeAts for the Year Eded 31 Doeember 2•25 Rep)rt of the TrNs¢ees Ind¢pendenl ExArnlW'S Report Statement of Flffjxi#l Activi(i Blav¢ Sheet Note$ to the Fknin¢il StleMent5 Dtiled Statemet •)f Fknwi•l Artlwttie5
SANDWICKHILL DEVELOPMENTTRusrscio Report ofihe Trustees forthe Ye•r Ended 31 De¢emb¢r 21114 The INs¢tts who are also direllors of ihe chariry for ihe purposes of the Companies A¢1 20(16. pr¢s¢nt their r¢rK)rl iviih the financial siatemeDlS of lh¢ charily for ih¢ Y ended 31 December 2025. The Irusiees have adop¢ed Ihe provisions of Accountinb¥ and Reportin8 by ChaTilies- Stsmeni of Rewmmended Practice applicable 10 charities PTeparing Iheir accounts in accordance with the Financial RepIng Siandard appliuble in the UK Republic of Ir¢land IFRS 1021 lefY¢ctive l January 2019). 0EcriVEs AND AcfiviTIFS Significant activitie5 Sandwi¢khilll fkv¢lopmenl Trust ISDTI wa5 set up in Derlber 20?2 by resident volunteer5 specifically to manage and redevelop an old and disused sclx)ol building in Ihe parish of Sandwick. Isl¢ of Lewis. It is hoped io brin8 the IlIding bxk inio th¢ ¢ommLLnity by converting il into a cornrnunhty hub and rtcrtaional spa¢¢. The projeci is suppcyted by ComhaiAe nan Eilean Siar {pre5ent owners), HIE Western Isles Emterprise as well as ihe Sandwickhill Community. The proximity of Sandwickhill io Ihe Western Isles AlTrt and StorwaY Harbour makes lh¢ c¢)mmunity a g(K)d entral location for visitor$ 10 visii and explo ih¢ affa. Having a cornmunily hub oifering a¢commodion. Cafe. e-bike hire. laundrette. 10 pin Eowling and oiher Xlivi¢ies would ben¢fii tKJih visiiors and Te5idents alike. A CommnitY Hall attached the sch1 buildin8 is a reeeni COnrUCtIon aml in gwd working order and coniains a rully equipped and eenifi¢d cofflmercial kitchen and ukrrently in usc. A number of rooms in ilK Upper Level pre5¢nts an oprtunitY io reni io social groups and bus•nes5es. Ini¢ial build costs has come in wilh esiimated lyjdgd of £5 Million and a pkns¢d d¢v¢lopmenl approxh is being ¢onsider¢d. STRUCTURE. GOVERNAIYCE AND MANAGEMENT Governing doeunbtnt Th¢ Charity IS COlJlTolled by its ConsiilulM)n and is r¢giCe os a Sconish Chariiable IncorpLwated Organisaiion ISCIOI iih the Office of the Scottish Charity Re8ul•tor IOSCRI. REFERENCE AND ADMINISTRATIVE DrfAIiS Registered Company nurnber CS006400 (Scotlar) Regi$iered Chgrlty number SC052064 R¢gi$tered offire Aros an Rubha Knoek Point Isle ofL•vis HS2 OBW Trustees A Morrison K K¢nnedy D Smiih R MacRilrhie A MacRilchie J Moffison A Campbell M MacLeod R MacKenzie Compgnv Se¢r¢lary Dsmiih Page I
SANDWICKHILL DEVELOPMEKf TRusr scio Reporf of the Trustees for the YeAr EDded 31 Decernb¢r 2•25 REFERENCE AND ADMINISTRATIVE DETAJIS Indtpe#deni Ex#Mln¢r Mann Judd G)rdon Ltd Ch*tered Account1$ 26 Lewi5 Stre Stornoway Isle of Lewis HSI 2JF Appmvcd by orderof the iM)ard of ¢Thaees on 4 May 2026 siwKd on its behalf by: A Morrison.
IndeptTrdeni Eimlller's R¢pD•l to ihe Trusltts or Sjndwirkhill Development Trnst SCIO l pOrt the aceourtts for ihe year eNled 31 tknmber2025 sd (wl on p88es foul io eighi. Respectlve respon5ibilitits of trUet$ #ttd txthltttr The rhaTiIy'5 Irusitts are responsible for the prtparation of the a¢¢ounis in accordance with ihe iemis of the Charilie5 ar Trustee Invellmeni IS¢oilandl Aci 2005 and Ihe Charilies Acwunis IScoiland} Regulatn5 21K)6 las amended). Th¢ harily's irusiees consider thai th¢ audit requirement of Regulation 10( l Ma) io (¢1 of the Accounts Regul10n$ does noi apply. li is my TesTX)nsibility to examine lh¢ accounls required uJ¥Jer Seo)n 441 I X¢) of ihe Act and to state whether panicular mailers havc come io my attention. BASi5 of the independtnt ¢%mirter's report My examinaiion was Carried out in accorda¢ with RegUl10n I l of the chariti Ac¢ounts (Scotlandl Regulaiions 2006. An examin70 includes g review of ihe Xcouniing records kepi by the chariiy and a comparison of the accounts presenied with iknse records. It 2150 includes ¢onsiderali of any unusual Ilems or disc105ur¢s in ihe account5. atKI seeking explanaiions fmm y(wJ as truslees ¢onceming any such mwters. The procedu$ undertaken do nol Provide all the evidence Ihat would be wuiffd in an ajit. wwj eonsequthtly I do not expres5 an aAll opinion on the view given by the accounls. In(kpenden¢ tXAffliner's 5t¥temenl In ¢ortthe¢¢ion with my ¢.xaminaik(Mh. rnatier has come my aneniion= I I I which giyes me ffasonable uuse to believe that. in any ma181 respect. Ihe requirements to keep accounting records in acco3[ wilh S¢ciion 44IIXal of ihe 21x15 Aa and RegulatTrtin 4 of ihe 2006 Accounis RegulatiOll5' ar to prepare ¥¢ounts which with ihe NI]ng rerdS and io cornply wilh RegUl10n 8 of the 2006 Accounts Regulaiions have nol been mei: or 121 io which. in my opinion. attenlion should be drown in order to enable a proper understandin& of the xcounts io be Teached. John E Moffai BA FCA The Insiiiuie of Chartered A¢cwnianis in En8land and Wales MaTrn Judd Gordon Ltd Chart¢r¢d Accountan15 26 Lewis Streei Stornoway Isle of Leivis HSI 2JF 4 May 2026
SANDWICKHILL DEVELOPMENT TRUSW SCIO StAtem¢mt of Finan¢lAI Artivities for ¢ht Yer Emded 31 Decemb¢r 2025 PerÈod 5.7.23 Ye¥ Ended 31.12.25 Totsl rvnds 31.12.24 Total funds Restricd funds INCOME AND ENDowME[s FROM Donations legacies 31.(N) 32.1)00 EXPENDITUREON CbaTi¢able •¢¢ivi¢les Redevelopmenl of ihe forner Sandwick SclKx)I Governance wsts 11,898 3(K) 6,620 408 300 Totsl 11198 NET INCOME 19.801 19.801 24,972 RECONCILIATION OF FUNDS Toi81 funds brought forward 24,972 24,972 TOTAL FUNDS CARRIED FORWARD The tK4es f4Th part of these rintila1 sts*ments Pa8e 4
SANDWICKHILL DEVELOPMENT TRUST SCIO Balfv¢t Shttt 31 Deeember 21125 31.12.25 Total fuTwJs 31.12.24 Total fund$ Unresiricted funds Ren(ted fund )tes CURRENT ASSETS Cash ai bank 45.073 45,073 25,272 CREDITORS Arnounts falling due wiihin one year 13(M)) 13001 13001 NET CURRENT AssErs 44.773 44,773 24.972 TOTAL ASSETS LESS CURRENT LIABILITIES 44,773 44.773 24.972 NET ASSETS 44.773 44.773 24.972 FUNDS Unreslricied funds 44.773 24.972 TOTAL FUNDS 44.773 The financial statements were apw)Trtd by the Boord of Twsiees and avi15¢d for issue on 4 May 2026 and iirre signed on lis behalf by: K Kennedy - Trustee D Smiili- Trusttt The notes f(m part of ihese financial statements Page 5
SANDWICKHILL DEVELOPMENT TRUSTSCIO ]Votes ¢• the Fl¥#ntial Stt¢meAts for tlje Vexr Eded 31 December 2024 AccouKfiNG POLICILS sb of preparing tht It#theil Statements The financial statements of the ¢haYity which is a public iri1 eniity under FRS 102, hve been prepared in accordance with ihe Charities SORP {FRS 1021 'A¢countin8 and RerffjiDg by Charities.. Stsiemeni of Recornrnerykd Prafflice 4yltcable io charities pwarin8 their accounls in a¢cordaTKe with the Financial Reporting Siandard applicable in the UK Republic of IrelaThl IFRS 1021 (effettive l January 2019}', Financial Rew)rtin8 Standard 102 Tr Fin)¢ial RcrA)rting Standard applicable in the UK and Republic of Ireland,. The financial Maiemerbts hve be prepared under ihe hi5tori¢al w5t convention. In¢ome All inwme is re¢ognised itt ihe Stat¢m¢nl of Finan¢ial Activities once the charity has erfitlernent to ihe funds, il is proboble t1 the itKome will be received and ihe aTOt be meawred reliably. Expendi(ure Liabilities reco8niseil as expendilure as S1 as there is a legal or con4Nciive obli88tion committing the dhaTiiy io ih expenditure, li is probabl¢ ih a transfer of ¢Icnic benefits will be reqvired in settlement and Ihe amount of Ihe obligation can be Measu reliabty. Expendilure is accounted for on arUa]S basis and has bttn Classified under headings ihai aggregate all Weled ihe te80ry. Where costs cannot be directly anribuied to Particular heing$ they have been alked to aciivilies a basis consi51enl with ihe use of Taxation The charity is exefflpi fr¢Mn co1110 on its chiialJl¢ 1vIlle5. Fnd attountiAz Unr¢strided funds can be used in a¢cordathrt with the ¢haritsbl¢ objeaives the disc of the ¢Nstees. R¢Tl(led funds can only be wed PartIlar resthcted pwrKKsses within ihe objects of the charity. Restrictitin5 arise when specified by the d(xMJror funds nised for niCUlar restricted pwwses. Furthw ¢xplana¢ion ofthe and purwTrse ofeach fund is inclth in ihe notes to the finaKia] 5tatenients. DONAIIOJYS AND LEGACIES Pertrod S.7.23 Year Ended 31.12.25 31.12.24 Grants 32.¢)00 Grants received. inclth in the atr*)ve, are as follows: Period 5.7.23 io 31.12.24 Y¢aT ENled 31.12.25 Crown Estate (CnESI Point ond Sandwick Trust 31.999 16.000 continued...
SANDWICKHILL DEI.'ELOPMENT TRUST SCIO Notes to Ihe Finnci81 Stteme*ts- for tlbe Ye•r Ended 31 Decernber 202$ TRUSTEES. REMUNERATION AND BENEFITS There were no truslees, rernurtTation or h¢r benef for the year eth 31 December 2025 rTror for the period ended 31 Dec¢mb¢r ?024. Trths¢ees' expense$ There were no iru5tees' cxpenses paid for the year ended 31 December 2025 nor for the period ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINAI%CIAL ACTIVITIES Unresiricied funds RerIcted fund Toial funds INCOME AND ENtK)WMENfs FROM Donalion5 and Iwcies 32.0(Kl 32.0 EXPENDITURE ON Ch#ri14ble aelivilies Redevelopmeni ofihe fomi¢r Sandwick School Governanc¢ ¢os15 6.620 408 6.620 408 Tolil 7,028 NET INCOME 24.972 ?4.972 TOTAL FUNDS CARRIED FORWARD 24.972 24.972 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 AccTUEd eipenses 300 300 MOVEMENT IN FUNDS movemeni in funds Al 31.12.25 Ai 1.1.25 UnTestricttd fuThds F¢asibiliry siudy fund 24.972 19.801 44.773 TOTAL FUNDS 24.972 19,801 44.773 Pa8e 7 continued...
SANDWICKHILL DEVELOPMENT TRIJST SCIO Notss to tht Fi#ineil St¢thThts- contÈ•wed for the Yr Ended 31 Dtceml>er 21125 MOVEME IN FUNDS- ¢on¢SAwd Net movemeni in funds. imclwjed in the a¥¢ are as folh)ws: Inwmin resource5 Resou expend Movement in f4Jnds Unrestrkned fuThd$ Feasibility study fund 31.99) 111198 19,801 TOTAL FUNDS 31.999 12 198) Compirgtiv¢5 lor ID l•nds Net At 31.12.24 in fund5 Unr¢slrirted Feasibility study fund 24,972 24,972 TOTAL FUNDS 24.972 24.9n Compardtive net movemenl in fw)d& included in ihe #lKJve as follows: Incornin Resources resources expended Movement in funds Unreuricted fThd$ Feasibility sludy 32.( {7.0281 24,972 TiyfAL FUNDS 7,0281 RELATED PARTY DISCLOSURES Thert were Th) rel4ted p¥ry irattsaikn for the year ¢TrJed 31 Deeember 2025. Page 8
SANDWICKHILL DEVELOPMEKfTRu&r scio Drtiled Sttement Of Finirtigl Atltvitits for the Yer EThded JI Dtctmber 2025 Period 5.7.23 to 31.12.24 Year Ended 31.12.25 INCOME AND ENIX)WMENTS Donations ind legeies Gr&nis 31.999 32.000 Total in¢oming resources 31.999 32.000 EXPENDITURE Ch4ri¢4ble actiyitles Telephone Feasibility study co5 Professional Fee5 394 1.560 9.944 428 6,192 11,898 6,620 Support eostS GovernAnt¢ cwt5 A¢counian¢y and Iwl fees AGM ¢osis 300 300 108 3( 405 TO $OU¢S expEnded 12,198 Nti incom¢ 19.801 24,972 This paxe does Th)t forni pan ofihe lory financial Sthlcmen Page 9