IRIS Accounts Production v25.2.0.378 Other Company accounts True false Pounds 1.12.23 30.11.24 30.11.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3879382023-11-30SC3879382024-11-30SC3879382023-12-012024-11-30SC3879382022-11-30SC3879382022-12-012023-11-30SC3879382023-11-30SC387938ns0:CharitableCompanyLimitedByGuarantee2023-12-012024-11-30SC387938ns15:PoundSterling2023-12-012024-11-30SC387938ns11:FRS1022023-12-012024-11-30SC387938ns11:IndependentExaminationCharity2023-12-012024-11-30SC387938ns11:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC387938ns11:FullAccounts2023-12-012024-11-30SC387938ns11:CharitiesSORP2023-12-012024-11-30SC387938ns16:EnglandWales2023-12-012024-11-30SC387938ns11:RegisteredOffice2023-12-012024-11-30SC387938ns0:Trustee12023-12-012024-11-30SC387938ns0:Trustee22023-12-012024-11-30SC387938ns0:Trustee32023-12-012024-11-30SC387938ns0:Trustee42023-12-012024-11-30SC387938ns0:Trustee52023-12-012024-11-30SC387938ns0:Trustee62023-12-012024-11-30SC387938ns0:Trustee72023-12-012024-11-30SC387938ns0:Trustee82023-12-012024-11-30SC387938ns0:Trustee92023-12-012024-11-30SC387938ns0:Trustee102023-12-012024-11-30SC387938ns11:CompanySecretary12023-12-012024-11-30SC387938ns0:TotalUnrestrictedFunds2023-12-012024-11-30SC387938ns0:TotalRestrictedIncomeFunds2023-12-012024-11-30SC387938ns0:Activity82023-12-012024-11-30SC387938ns0:TotalUnrestrictedFundsns0:Activity82023-12-012024-11-30SC387938ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-12-012024-11-30SC387938ns0:Activity82022-12-012023-11-30SC387938ns0:TotalUnrestrictedFunds2023-11-30SC387938ns0:TotalRestrictedIncomeFunds2023-11-30SC387938ns0:TotalUnrestrictedFunds2024-11-30SC387938ns0:TotalRestrictedIncomeFunds2024-11-30SC387938ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-11-30SC387938ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-11-30SC387938ns10:WithinOneYear2024-11-30SC387938ns10:WithinOneYear2023-11-30SC387938ns10:FurnitureFittingsToolsEquipment2023-12-012024-11-30SC38793822023-12-012024-11-30SC38793812023-12-012024-11-30SC38793812022-12-012023-11-30SC387938ns0:TotalUnrestrictedFunds2022-12-012023-11-30SC387938ns0:TotalRestrictedIncomeFunds2022-12-012023-11-30SC387938ns0:TotalUnrestrictedFundsns0:Activity82022-12-012023-11-30SC387938ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-12-012023-11-30SC387938ns10:FurnitureFittings2023-11-30SC387938ns10:FurnitureFittings2024-11-30SC387938ns10:FurnitureFittings2023-11-30
REGISTERED COMPANY NUMBER: SC387938 (Scotland)
REGISTERED CHARITY NUMBER: SC042235














Report of the Trustees and

Financial Statements for the Year Ended 30 November 2024

for

IONAD HIORT

IONAD HIORT






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 12

IONAD HIORT (REGISTERED NUMBER: SC387938)

Report of the Trustees
for the Year Ended 30 November 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the 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 are to develop, operate and maintain a world class centre for the study, interpretation and promotion of St Kilda as the UK's only dual UNESCO World Heritage Site and deliver significant cultural and economic benefits across the Outer Hebrides.

ACHIEVEMENTS AND PERFORMANCE
Annual Report 2023-2024
The Board
Mrs Mairi MacDonald and Mr Norman MacDonald have stood down as directors of Ionad Hiort. The Board extend their gratitude to them for their invaluable contribution to the project over many years.

Ionad Hiort Project: Current position
RIBA Stage 4 was completed in May 2024 and Full Planning Permission which included an Environmental Impact Assessment was grated in August 2024.

Indicative construction costs, provided by three local contractors each estimated a 50 per cent increase in the anticipated cost of the project, this was due to spiralling inflation and a sharp rise in island building costs.

Content and Interpretation has been completed to RIBA Stage 3. The final Interpretation will be completed in early 2025.

Finance
VAT Registration June 2023: Ionad Hiort became registered for VAT return including the VAT paid on all funding so far.

Grant Aid: Funding from HIE and CNES has enabled Ionad Hiort to complete all pre-construction costs.
The IH Board continue to work with the local authority and HIE to secure funding for the Islands Economic Deal and for Levelling Up.

Cost escalation has created a greater level of uncertainty. In addition the funding already anticipated and secured is subject both to timescales (to be used by a certain date or risk the grant being rescinded) and to the necessity of match funding being in place.

Project Management
The Board extend their gratitude to Martin Sinclair of Gardiner and Theobald for his work as Ionad Hiort project manager over the past few years. Ionad Hiort Project management will now be in abeyance until such a time as funding becomes available for construction.

FINANCIAL REVIEW
Principal funding sources
Funding has been provided by Highlands and Islands Enterprise and Comhairle nan Eiliean Siar.

Reserves policy
The trustees are committed to have the necessary funding in place before the project commences.

FUTURE PLANS
The objectives for the following year include:

- Continuing with project development and content interpretation
- Identifying and pursuing funding opportunities
- Continuing engagement with local authority officers

IONAD HIORT (REGISTERED NUMBER: SC387938)

Report of the Trustees
for the Year Ended 30 November 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is a charitable company, limited by guarantee, incorporated on 1 November 2010. The company was established under a Memorandum of Association which established the objects and powers of the charitable company, and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law.

The directors are appointed at the Annual General Meeting under the terms of the Memorandum and Articles of Association. At each annual general meeting one third of the directors, other than the nominated directors, being those who have been longest in office since they were last elected at an annual general meeting shall retire from office, but may, subject to the Memorandum and Articles of Association, offer themselves for re-election.

Organisational structure
The structure of the company consists of the members who elect people to serve as trustees. The members of the company with effect from the adoption of the Articles of Association were nominated by the St Kilda Development Group. Any other persons interested in the company's objects may be admitted as members by the trustees from time to time in accordance with the Articles of Association.

The members elect people to serve as trustees. The maximum number of trustees shall be 12.

In addition there will be an Advisory Council which will provide advice to the trustees on such matters relating to the operations of the Company as shall be referred, by the trustees, to the Advisory Council from time to time.The Advisory Council shall consist of such persons (either individuals or nominees of organisations with an interest in St Kilda or the operations of the Company, the Centre or the Collection) as the trustees shall appoint to the Advisory Council.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC387938 (Scotland)

Registered Charity number
SC042235

Registered office
Uig Community Centre
Uig
Isle of Lewis
HS2 9JG

Trustees
I Buchanan
G A Attrill
M Wilson Macdonald (resigned 25.9.24)
D Macdonald
G Lamont
J Buchanan
N A Macdonald (resigned 25.9.24)
R Mackay
E R Green
P G Woolley

Company Secretary
G Lamont


IONAD HIORT (REGISTERED NUMBER: SC387938)

Report of the Trustees
for the Year Ended 30 November 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Andrew Cumming
Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Ionad Hiort for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 28 August 2025 and signed on its behalf by:





I Buchanan - Trustee

Independent Examiner's Report to the Trustees of
Ionad Hiort

I report on the accounts for the year ended 30 November 2024 set out on pages five to twelve.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an 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.








Andrew Cumming
The Institute of Chartered Accountants of Scotland

Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

28 August 2025

IONAD HIORT

Statement of Financial Activities
for the Year Ended 30 November 2024

30.11.24 30.11.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1 124,012 124,013 274,393

Investment income 3 2 - 2 -
Other income - - - 1,944
Total 3 124,012 124,015 276,337

EXPENDITURE ON
Charitable activities
Charitable 1,574 144,632 146,206 253,694

NET INCOME/(EXPENDITURE) (1,571 ) (20,620 ) (22,191 ) 22,643


RECONCILIATION OF FUNDS
Total funds brought forward 3,438 32,100 35,538 12,895

TOTAL FUNDS CARRIED FORWARD 1,867 11,480 13,347 35,538

IONAD HIORT (REGISTERED NUMBER: SC387938)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 974 - 974 974

CURRENT ASSETS
Debtors 7 - 1,410 1,410 56,198
Cash at bank 1,793 37,534 39,327 46,964
1,793 38,944 40,737 103,162

CREDITORS
Amounts falling due within one year 8 (900 ) (27,464 ) (28,364 ) (68,598 )

NET CURRENT ASSETS 893 11,480 12,373 34,564

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,867

11,480

13,347

35,538

NET ASSETS/(LIABILITIES) 1,867 11,480 13,347 35,538
FUNDS 9
Unrestricted funds 1,867 3,438
Restricted funds 11,480 32,100
TOTAL FUNDS 13,347 35,538

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


IONAD HIORT (REGISTERED NUMBER: SC387938)

Balance Sheet - continued
30 November 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2025 and were signed on its behalf by:





I Buchanan - Trustee

IONAD HIORT

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Heritage assets - not provided

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.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise 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. DONATIONS AND LEGACIES
30.11.24 30.11.23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Donations 1 - 1 -
Grants - 124,012 124,012 274,393
1 124,012 124,013 274,393

IONAD HIORT

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

30.11.24 30.11.23
£    £   
Comhaile nan Eilean Siar 124,012 143,761
Highlands and Islands Enterprise - 130,632
124,012 274,393

3. INVESTMENT INCOME
30.11.24 30.11.23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Deposit account interest 2 - 2 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 274,393 274,393

Other income 1,944 - 1,944
Total 1,944 274,393 276,337

EXPENDITURE ON
Charitable activities
Charitable 1,476 252,218 253,694

NET INCOME 468 22,175 22,643


RECONCILIATION OF FUNDS
Total funds brought forward 2,970 9,925 12,895

TOTAL FUNDS CARRIED FORWARD 3,438 32,100 35,538

IONAD HIORT

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. TANGIBLE FIXED ASSETS
Heritage
assets
£   
COST
At 1 December 2023 and 30 November 2024 974
NET BOOK VALUE
At 30 November 2024 974
At 30 November 2023 974

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
VAT 1,410 8,501
Prepayments and accrued income - 47,697
1,410 56,198

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 8,460 -
Accrued expenses 19,904 68,598
28,364 68,598

9. MOVEMENT IN FUNDS
Net
At movement At
1.12.23 in funds 30.11.24
£    £    £   
Unrestricted funds
General fund 3,438 (1,571 ) 1,867

Restricted funds
Restricted General 32,100 (20,620 ) 11,480

TOTAL FUNDS 35,538 (22,191 ) 13,347

IONAD HIORT

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3 (1,574 ) (1,571 )

Restricted funds
Restricted General 124,012 (144,632 ) (20,620 )

TOTAL FUNDS 124,015 (146,206 ) (22,191 )


Comparatives for movement in funds

Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 2,970 468 3,438

Restricted funds
Restricted General 9,925 22,175 32,100

TOTAL FUNDS 12,895 22,643 35,538

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,944 (1,476 ) 468

Restricted funds
Restricted General 274,393 (252,218 ) 22,175

TOTAL FUNDS 276,337 (253,694 ) 22,643

IONAD HIORT

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.12.22 in funds 30.11.24
£    £    £   
Unrestricted funds
General fund 2,970 (1,103 ) 1,867

Restricted funds
Restricted General 9,925 1,555 11,480

TOTAL FUNDS 12,895 452 13,347

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,947 (3,050 ) (1,103 )

Restricted funds
Restricted General 398,405 (396,850 ) 1,555

TOTAL FUNDS 400,352 (399,900 ) 452

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2024.