REGISTERED COMPANY NUMBER: SC219440 (Scotland)

REGISTERED CHARITY NUMBER: SC031740

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

South Uist Estates Charitable Trust

Page

Reference and Administrative Details

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Statement of Financial Position

5

Notes to the Financial Statements

6

to

9

TRUSTEES

T P Atkinson

Mrs S M Wood

A A Macmillan

Father M J MacDonald

COMPANY SECRETARY

T P Atkinson

REGISTERED OFFICE

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

REGISTERED COMPANY NUMBER

SC219440 (Scotland)

REGISTERED CHARITY NUMBER

SC031740

INDEPENDENT EXAMINER

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

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 31 December 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 Trust is held for charitable purposes and in particular of relieving poverty, advancing education and benefiting the communities of South Uist, Eriskay and Benbecula.

Significant activities

During the year the trust distributed funds for the provision of piping lessons for local children.

FINANCIAL REVIEW

Financial position

At the year end the Charitable Trust had significant funds in hand due solely to the donation from South Uist Estates Limited (in 2006).

Reserves policy

The Charitable Trust has free reserves available to carry forward.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its Memorandum and Articles of Association and constitutes a limited company, limited by

guarantee, as defined by the Companies Act 2006. Liability of members is limited to £1.

Approved by order of the board of trustees on 8 September 2025 and signed on its behalf by:

Mrs S M Wood - Trustee

I report on the accounts for the year ended 31 December 2024 set out on pages four to nine.

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.

Caroline Tice BA CA

The Institute of Chartered Accountants of Scotland

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

Date: .............................................

31.12.24

31.12.23

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

420

494

EXPENDITURE ON

Charitable activities

3

Piping lessons for local children

2,901

1,164

NET INCOME/(EXPENDITURE)

(2,481

)

(670

)

RECONCILIATION OF FUNDS

Total funds brought forward

15,680

16,350

TOTAL FUNDS CARRIED FORWARD

13,199

15,680

31.12.24

31.12.23

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

6

420

494

Cash at bank

15,530

16,287

15,950

16,781

CREDITORS

Amounts falling due within one year

7

(2,751

)

(1,101

)

NET CURRENT ASSETS

13,199

15,680

TOTAL ASSETS LESS CURRENT LIABILITIES

13,199

15,680

NET ASSETS

13,199

15,680

FUNDS

8

Unrestricted funds

13,199

15,680

TOTAL FUNDS

13,199

15,680

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 8 September 2025 and were signed on its behalf by:

S M Wood - Trustee

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.

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.	INVESTMENT INCOME

31.12.24

31.12.23

£

£

Deposit account interest

420

494

3.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 4)

Totals

£

£

£

Piping lessons for local children

2,100

801

2,901

4.	SUPPORT COSTS

Governance

costs

£

Piping lessons for local children

801

Support costs, included in the above, are as follows:

31.12.24

31.12.23

Piping

lessons

for local

Total

children

activities

£

£

Insurance

50

75

Independent Examiners' fee

711

654

Professional fees

40

75

801

804

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

420

494

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Accrued expenses

2,751

1,101

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

15,680

(2,481

)

13,199

TOTAL FUNDS

15,680

(2,481

)

13,199

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

420

(2,901

)

(2,481

)

TOTAL FUNDS

420

(2,901

)

(2,481

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

16,350

(670

)

15,680

TOTAL FUNDS

16,350

(670

)

15,680

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

494

(1,164

)

(670

)

TOTAL FUNDS

494

(1,164

)

(670

)

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

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

16,350

(3,151

)

13,199

TOTAL FUNDS

16,350

(3,151

)

13,199

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

914

(4,065

)

(3,151

)

TOTAL FUNDS

914

(4,065

)

(3,151

)

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.