REGISTERED COMPknI" NUIIBER: RSOO8676 Iscothnd) REGISTERED CHARITI. NLMBER: SC25192 Report of the TTh$1 •thd FluntI Sttements for the Yar Ended JI Mr¢h 2025 YORTHTOIN HERITAGE TRL'ST Mann Juthl Cth Lid Chartered Accountants 26 Lewis Streel Stomoway Isle of Lewis FISI IIF
I ORTHTON HEIUT.4GE TRUST Contefits of¢he Fln#ndal Sttements for ibe Year Eaded 31 Mreb 2025 Report of the Trustees I to 4 Independent Examlner's Report Statement of Ffinand Actlvltkl Balxllce Sheet Ilotrj to the FIDADdaJ Statellnts Drtalled St•tem¢nt of FIA•))cl41 Acdvltles 18 to 19
NORTHTON HERITAGE TRUST Report of the Trustees ror the Ye•r Ended JI MAreh 2025 The Itee5 who are also direclors of the charity for the purpo5 of thc Companies Act 2Crf)6, present th¢ir report with the financial statements of the charity for the year ended 31 Mareh 2025. The trustees have odopied the provisions of Accounting and Rwrting by Charities.. Statement of ROn]m¢nd¢d PraL'tice applicable to charitics preparing their accounts in accordance Mith the Financial Reportin8 Stsndard applicable In the UK and Repubhc of Iland Rs 102) (effective l January 2019). OwEIVEs LND ACTIVITIES Objertli'es and alms The chartly's objeclives and aims are.. - The advancement of community development (including IuTban/rural] regeneTaiiOn. - To advanc¢ thc education of the public. To advance the appreciation of the Iixal history of the We5tcrn Isles of Scotland particularly through the medium of 8enealogy. To preserve and maintain for public availability the genealogical research material and rwurces gathered by the 5ub%riber5. ACHIEI'EMEIITS AND PERFORMANCE Ch4rlt4ble actlvltles and futur¢ developments During this per1, significanl att¢ntion has. been devoted to thc redevelopment of the visilor ccjtre. RIBA slages 3 And 4 ha.¢ been completed and planning perniission ha5 been secured. In March 2025, the jong-mi Business Manager. Steph¢n MacKinnon. departed, prompting the Board to revicw its 5trnregic direL'tion. A new Gcnerdl Mdnager was appointed in September 2025. with a focus on daY-tdaY operntions and IxL8iness S8]nablI11Y. Subject to fundin& Development Manager will be re¢ited to lead the next ph of capitsi developmeni. Visitor numbcts wcre up on thc previow8 2023-24 bul werc still below prc£ovid l¢v¢ls. As of the March 2025 year cnd, the 50ciety Iws a¢hi¢ved a significant milestone with planning pellnission for the rujevelopment of the visitor centrc now secured. The projeei b&$ progressed to the tender st88¢. with build works currently out to lender. In parallel. severnl capit81 grant applications are in progress to sutport the nexi phase or development. In Durin8 the reportin8 perio the or8anisation exenced severAI changes and developments in its 5taffin8 struaiire. There were departures due lo retirem¢nt and the conclusion of long-standing service, as well as the completion of seasonal conttacls. The Icam wa5 str¢ngth¢n¢d by new appointments. including roles fimded by ¥Ktcmal grants. such as the Heritage Officer and VoluTJteer Coordinator. Ongoing positions continued to focus on key area& including genealogical research in partt)ership with academic insiitutions and the mana8ement of PTepardtory sta8es for Tedevelopment projects. These apry)intments and transitions demonstra the ¢1¢5 continued Commitment to operalional excellence and the advancement of its genealogical and herithge initiatives. The SpeakGaelic Al course continues to be delivered ai the Hebride5 People Visitor Cenire by UHI North. Wesl & Hebrides. in partTEership with Bord na Gaidhlig. The course began in earfy 2024 and remains ongoing. In additio discussions have been held with UHI and Sabhal Mèr Ostsig regarding tUre educaiional collaborlllion. Website Stsge 2 of the website redevelopment. focusing on the family history database. was compl¢ted in MaT¢h 2024 by Isle Develop. Redevelopmeni efforts remain ongoin& with cutrent WO centered OD enhancing the get)ealogÉcal records d4taba8e. Rcgistrdtion for VAT The charity has soughi advice reguding VAT registration from HendeT50n Loggic and initiated the process to TeSter for VAT. M'ith the aim of recovering VAT expendittwe on capitsl build works a5 Sile and building development progre&8es. At the time of writin& registration remains on hold until such time as ¢ap1 investment for the redevelopmeni is secured. Page I
ORTHTON HEIUTAGE TRL'ST Report of the Trustees for the YeAr Ended 31 Marcb 2025 FINANCIAL REVIEW Reserves policy The tiustets have examined the Charit$ requirements for reseThu in light of the main risks io the organis8tion. It hfts estsblished a policy whereby the unrestricted fiuKls not committed or invested in tangible fixed assets held by the Clwity sbould be between 3 aDd 6 months of the expenditure. The reS¢Tves we needed to meet the workng witsl requimcnts of the chariry and to eDllble the activities of the chariry to continue in the event of a short funding issues. If these issues w'ere for a sustsined peri(xl then the reserves would be wed iow8nls an orderly close do1 of the chllriry's operdtions. The Trustees acknowlrdge thal the unre51rirted reserve5 art still in a deficil W)Sitiory and wiu continue to rn'iew the rinancial to ensure Ehal any sury>l$ is invested in adquatr proiision for fure costs A1 additional projecls, so &8 to secure the long lem] sustsithiliry of the or8aDisatio S[RLI[lRE, GOVERI%AIYCE LYD mANAGEMET GoTrernlng document The chan'ty is controlled by its governing documcrt, OUT Rules approved by thc Financial Conikn Autbotity undcr the CoThoperative and Community Benefit SLKieties Act 2014 The organisation WLS fomKdy a ¢lwit#ble compary limited by 8uaTanttt. incorwrated OD 15 Augurt 1996 and registered &8 8 Scollish ch8n'ly. The company was estsblished under a Meny)randum of AsyKil0n Mthich established the objects aDd powers of the charitabl¢ MPanY and is governed under its Articles of Association. Northton Heritsge TnLSt W&5 registered &$ a Commwty BeKfii S(Kiety on 9th July 2021. 11 rnn a Community Share Offer in early 2022 to encouwe the ¢otDmwiity to twy io and own a slwe of the society. Thcr¢ are 152 Community M¢mbcrs (based in Harris); 213 L(d Contributor shol1d3. 77 Mainlcrs¢8s Contributor Shareholders: and 4 Organisalional Shar¢lx)IdeT Recrultment *nd 4pptslntmeDt of Dew trustees The recruitment and app)intment of directors tskes place at an awiu818eDernl rnedi. The Setretsry and treasurer are apwitktl ai the annual general me¢tin Rlsk manigement The trustees have a duty to identify and review the risks to whi¢h the chaTity is aTrl to ensure appr(yriate controls are in place to provide reasothle UranCe against fTrud and error. REFEREI%CE .4D AD.111.%ISTIL4TIVE DETAILS Reglstered Companv number RSU08676 (Scoilandl Registered Charlty number SC?519? Reglstered office The Old Sch(x)Iho Northion Isle Of H8Tris HS3 3JA Pagc 2
NORTHTON HERITAGE TRUST Report of the Trustees for the Ye•r Ended 31 March 2025 Trustes ladependent E%mlner Jwld Gurdon L Lljartercd Accountants 26 L¢wis Strg Stornoway Islc of Lewi5 HSI 2JF ST ATEMENT OF TRLSTEES, RESPONSIBILITIES The IceS (who are a150 the dirfftors of Nonhton Hcrilagc Trusl for ihc purp05C5 of company knwl are rcswtL%ible for preparing the Report of the Trust5 and the financial statements in accordance with applicable law and Kingdom Accounting Swidards (Llniied Kingdom Genernlly ALLqJtLd AcLoiinting Practice). Compony law requires the Inlee5 to pw fin[¢11 statements for each fJnanciBI yeor. Und¢r that low, the trustees have elected io pr¢Fwe Ihc financijl staiem¢nis in a¢¢ordanc¢ with ullid Kin8dom Generall) Accepied Accountin8 Praciice (Unit] Kingdom Accouniing SndarIl4 ¥plicablc14w). Under company law the trLL41ees musl nol approTre the financial statements unless they aTf satisfied that they give a true and fair view of the siale ul aff4irs of the chan'lablv cumpany and of the incoming resources 8nd application of rtsoum. includin8 the income and expenditur¢. of the charitablc cornpany for that peri1. In weparing those financial statemLmts, the ttee5 are rcquired to seleci suitsble accounting policies aEKI then apply them ¢oDsistently' obserye the methcxls and PTJnciples in the Chwities SORP. make judgcments and estimate5 that llTe rcllsonable &nd PTudenL prepre the financial Sents on the going concern basis unless it is in8ppft)pria pregJm¢ that the chAritsbl¢ company 11& conrinue in business. The Iee5 are resp)nsible for keeping pn)per aceounlin8 Tt¢ords which disclose wilh Teasonae accurd¢y at any time the financial positivn of thc churitsblL' compat]y and to cnable th¢m lo ensur¢ that th¢ finanL'ial slai¢mcn15 comply with the Companies Act 20(b. They are also resw)nsiblY for 5afeguardin8 th¢ a55¢Ls of the chwitable :ompany arKI hence for tsking rcaNonablc slcps for ihe prcvcnlion and d¢lL10n of fraud and oth¢r iTte8ulantiL%. Pagc 3
NORTHTON HEIUTACIE TRbST Report of the Trustees for the Year Ended 31 MAr¢h 2025 This report has iKen prepared in accor(kn¢e with the 4Jecial provision5 of Port 15 of the Compnies Aci 2CKK> relating to small companies. Approv¢d by order of th¢ board of tnL8tee.s on 16 tk¢ember 2025 and signed on its behalf by". Page 4
Independent mInS Rqbort to the Tru51ees of liorthton HeritaRt Trt I rew on the coUrtts for ts year endal 31 March 2025 setout on pap six seventeen. Rttpectliy responslbllltles octrustett and examlner The charity¥ thleeS are resp)nsible for Ihe preparnl)n of the accounts in accordance with tlE lerms of Ihe ChaTilies and Truee Invesimeni (Scotland) .4ci 2c5 and the Charities Accounts IScotlaNI) Regulations •tKJ6 (as The dHris truslee5 consider thal w(Kt requirement of Regulation Ixa) lo Ic) of the Accourts Regulations lkns rn)t Apply. li i% my re5pon5ibility examine the &cnts 45 rwired tIOn 44(1)(¢) of the .4cL aTrJ sta wld ti¢ular mattth5 have come my aitenlion, BASIS olthe independent eAwminer' report My examination wa5 caffied in a¢¢orthrte with Regulation I l of the CITities Accots Colland) Regulatiot 2LMXK An examination IludeS a rcview of the entIng re£onls kep by the charity and a eonyarix>n of the accounts pSenl with those re1 It a150 L))nsider8tion of any unttswl itents or dtsClosU in the aCa)Un seeking explanatiOJLS from Y( &8 cotwning any mat& The prS unthrt•ken d) Th)t pn>vith 011 the eVIdee that would ie required in gn audi4 and cowtRntly l th exryess an audii opin*)n the iiew given by Independent examlner's slatemenl In C(¥U(l10n with my examinatio IM) matter has come my attenlii>n . (l ) whKh 8ive5 me reasonable ¢au5e 10 believe thaL in any owtstial rrye¢L the requirements ) kw ac¢ounliTr8 re¢d5 in ac¢ordatKe with Sec¢iffj 44(1 Ka) of the 2(X15 Ath and R¢8ulaiion 4 rf the 21 Accounts Re8ulaiion5: arnl ) prepare accounts which 0rd with the attoun¢in8 r¢¢ord5 arnl to o)mply with Re18¢K)n 8 of the 21y)6 ALYounisRe8ulations have been or 12) kn whiclL in my opinion. attentn skM)uld be drawn in order b enable a pmper UlergIar1Irg of the xcounts lo be reached. Mann JiKld Gorthn Lttl Chanered AccOuntlS 26 Lewis Streel Stornoway Isle of Lewii HSI 2JF 16 Ck¢ember2025 Phge 5
NORTHTON HERITAGE TRUST Statement of Fin8DclAI AetiI4des for the )'ear Ended 31 Mareh 2025 31.325 To] 31.3.24 Total fuD(ts uleS1C¢ed Restricted EndoH'm¢nl fund Notes I,YCO.%IE A.%D ENDOWNIEITS FROM Donats"ons and legacies 189.527 189,625 214,677 Charltable Attlfvitks Commw)ity Shar¢ Offer 25 Other trading #Ctivities 59,642 59,642 45.966 Totsl 59.740 189.527 249,267 260.668 EXPEYDITL'RE OL Raising funds 26203 26203 7.912 Charltble ctivilies CharitablL actil'ilies Governance CSL8 DePcL&tiOll 25,IIM) 196.526 221.626 218.684 1.494 12,346 1,087 12.621 13.708 Total 52J 209,147 261 J37 240,436 [NCOl(EXPENDYrURE) 7.350 (19.620) (12270) 20.232 RECONCILIATION OF Totsl funds Iwoughi forwaTd (823) 501.596 51X).773 480.541 TOT.4L FLY%DS CARRIED FORWARD 6,527 481.976 488503 5(K).773 The notes forn) tArt of these finpncial swenKmts Page 6
NORTHTOY HERtTAGE TRLST Bal•nce Sht 31 .%IArth 2425 31.325 31.3.24 FIXED A55ETS Tan¥ible &55¢ts 14 39).056 398.312 CLIiREKf A&srrs 15 16 7.775 15,474 25.851 68.370 CLsh b•nk ID),350 1(.125 1(fi.695 CREDITO Auiuunts fallin8 th within ot yur 17 (),678) (7234) YET CURRENT AETs 91.447 102.461 TOTAI. .4$$5 LE&S CURREI4T LIABILITIES 481J03 5(Ki.r13 YET ET5 488JOJ s.773 FLNDS Unrcs¢ncicd fund RestrKd tillMIs 19 6,526 1,9 {823} 501.596 TOTAL FLIIDS S.773 The Chm'table comwy is entiilcd w exeThyion frnm I111 under 477 of the C(rymies Ad 2{ fLY the year eTMlt4131 March 2025. 31 Mah 2025 in xc(ffdarKe with SectiLm 476 of the Cwipanies Act 2(JM•. la) e05y that clwi&bk cotry)ny keeps records con¥ly with Sectiw 386 4th1387 of the Cffjnpnies Ad 2(kn and eprni8 financial i mje vie• of the of aff•iD of charitabk coftwy It th¢ end of cxh fin111 yer and of its surphts (r thficit ftt exh fina year m xconlanc¢ with the Tquirements of Sccti(Ybs 394 and 395 thj which (lKrwise conwl), the rrquirn of thc Cotry)gw Act (b) Subj the small reginK. erc signLII on its thalf b..
NORTHTON HERITAGE TRUST Notes to the FinanclAI Statements for ihe Year Ended 31 March 2025 ACCOUI%TING POLICIES B49ts of prepArlng Ihe IlnAncl41 st4tements The financial sts?tements of the charitsble company. which 15 a public benefit entity un¢kn FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Acwunting and Reporting by Charities: Stsiement of Recommended Prdclice applicable lo charities preparing their 8ccounts in a¢cord2nce with the Financial Rwning Standard applicable in the UK and Republic of Ireland (FRS 102) (effecttve l January 2019),, Financial Rcporting Siandard 102 The Financial Reporlin8 Standard applicable in the UK end Republic or Ireland, and thc Companies Act 2Crf)6. The finaticial stalements have been prepared uwjer the historical Cost convention. Th¢ presentation curren¢y of the accounts is P0d sterling (£). The accounts are rounded to the nearest £1. Flng4nclal reportin£ ytandard 102- reduced di5¢1osure exemptions Ti)e charitable comydny ha5 taken adl'antsge of the follom'ing disclosure exemptions in prepllring these financial siatements, as pernitted by FRS 102 The Financial Reponing Standard applicable in the UK 2nd Republic of Ireland,: th¢ requirements of Seetion 7 Statement of Cash Flows. the requiTYmeni of Pdfdgraph 3.17(d); th¢ r¢quir¢ments of paragrnphs 11.42, 11.44, 11.45, 11.47, 11.48(aXiii). 11.48(aKiv). 11.48{b) and 11.48{c): the requirements of pardgrdphs 12.26, 12.27. 12.29(a), 12.29(b) and 12.29&' the requirement of paragraph 33.7. Crltlcal fiecountlng Judgement5 and key ¥otsrces of ostlmxtlon uncertglnty FiKed asset net book i'alue and deprccialion ch8rge5 are the arcas of (he accounts which are alTecied by significanl judgements and estimatrs. The dIrec[S exercise judgement in deternjining both the use1 economic life and the likely residuAI valve of th¢ ch8rity's asseis. This judgement affects the rnies of and charge for depreciation in the accounts for the year. It a150 therefore affects the nel book value of the assets in the balance sheet. Income All incom¢ is reco8nised in the Statemenl of Financial Aclivlties once the charity has entitlement w the fvnd& it is probable that the tncome will be received and the amount can be me&wJed reliably. Income from gov¢mmenl and other granls. whether capital grants or revenue grants. is Teco8nised when th¢ charity has entitlemcni 10 the funds, any perforniance conditions 2tt8¢hed to the grdnts have been mel il is probable that the income will bc received and Ihe amount can be measuted Trliably and is defeJTed. Expenditure Liabiliries are recognised as expendiwre as SLV)n as the is a legal or constwctive obligarion Commiffing Ihe charity to that expendiiure. it Is probable th a transfw of economic benefits will k requirnl in settlement and the amouni of Ihe obligation can be measured rcliabl).. Expenditure is accounted for on a¢(nlS basis and has been classified under headings that aggregate 811 wst related to the category. Where costs cannoi be directly aitribuled to particular headings they have been Allated to activitiLS On a basis consisleI with the use of TaDglble fixed assets Depreclalion 15 Provided ai the following annual rates in onler to write otr ¢ach a&sel over its esiitnalcd scru1 life. FTeehold property Equipment 2/0 depreciation on cost 250/0 depreciation on cost aud l(P/o depreciation on co Page 8 ontinued...
YORTHTON HEIUTAGE TRUST otes to the FinAn¢1 Statements- continued for the Yur Ended 31 Mi arcb 2025 ACCOUTING POLICIES- Contlnued T%nglbk flxed ets Assets noi me&%ured at fair valuc aff wiewed for any indication that thc asset may be iwired balance sheet date. If such indication exists. the rece[able amount of the &5set is estimated and Compared to the carrying amouni. Where the CTrng amixmi exceeds its recoN'erable amount, an impairnMI 1059 is recognised in profit or loss unless the 1 is caTricd 31 a revalued amount w'here the i]rment Ioss is 8 reN'aluation decre&se. Stocks Stocks are valued at the lower of c05t and Det realisable value. after making due 8Jlow8n(e for (SOle and slow moling iiems. TaI•tlon The charity is aempt from cryration tax on its charithble acrivities. Fund accounting Unrestricted funds can be used in acCorde with the cbaritable objefflives at discrfionof the tsees. Restricttd funds can only iK wed for particular restrirted purpm 7th1n the objects of the charity. Restrictions arise when specified by the donor w when fimds att Taised for pnicular r¢strictrd PUryKW& Debtors Ind credltor5 Trade and other debtors are recognised the settlemrnt am(xtnt due after any rade discount offereii Prepayments are valued at the amounl prepaid nel of any trade discounts ¢Jue. Credits)J¥ and prDvisions are recognised wh¢re the charity has a preseol obligalion resLdiin% from a past evenl that will probably result in the transfcr of fun(b to a third part). and the amount due io settle th¢ obligation can be measured or eslimaicd reliably. CTeditOT5 and provisions are nonnally rKOgn at their sertiemenl aniount after allov¥ing for any trade discounts due. DONATION'S ANI) LEGACIES 31.325 31.324 Ik)nations Grants I.529 114.148 189,5?7 189.6)5 214.677 Grants receive¢L included in the ab)v& are as follows: 31.325 31.3.24 HIE Innse Gall Comhairle nan Ei]ean Siar HeTitsge Lottery Fund The Crown Esthie Scottish Land Fund CNES - Community Lcd knxal DevelopnKni CNES . IslAnds ProamMe Fund CNES. UK Shared Prosperity Weslern Isles Develiry)meDi Tn1 20.174 650 35.225 16.581 3.182 25.281 13,055 650 43.8 17.605 41.945 20.024 15,(AK 189,527 114.148 Page 9
NORTHTON HERITAGE TRUST l%ote5 to the FIngncl Stxlements- conthiued for the Year Ended 31 Marcb 2025 OTHER TRADING AcfiviTIES 31.3.25 31.3.24 Gcnctal retllil 1¢5 Genealogy inwme Rents rcceivcd 51,403 45,836 239 130 59,649 45,966 INCOME FRONI CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Community Share Offer Share offer income 25 RAISING FUNDS Other tradlng ictlvities 31.3.25 31.324 Commission Purchases for re¢ 1.955 24248 1.777 6,135 26,203 7,912 CHAIUTABLE ACTIVITIES COSTS Direct C0518 (5¢C 7) costs (See no* 8) Totals Charitable activities Depreciation 220,025 13.708 1,6A)I 221,626 13.708 233.733 I,fAII 235.334 DIREC[ COSTS OF CHARITABLE ACTIVITIES 31.3.25 31.3.24 Staff costs Rates incl Water Insurance Light and heat Telephone and Internet Poslage and slationery Adverti5in¥ Rent Cleanll and hygiene Repairs and renewals Subscriptions & licences Consultmncy Training Trnvel & subsistence 64,481 865 2.494 8.387 1,948 4,730 66,629 730 1.742 9.272 12,719 1,353 850 !25 1.47 876 132.496 305 ,262 1.709 119,545 1,428 50 Carried forward 218,939 218.344 Page 10 con¢inued...
I ORTHTON HERITAGE TRUST Notes to the FlnsD¢lal Sttements- CODtinued ror the I'er Ended 31 flareh 2015 DIRECT COSTS OF CHARITABLE ACTIVITIES- ¢ontlnued 31.3.25 31.3.24 Brought forward Depreciation Interesl payable and similar clwges 218.939 13.708 1,086 218.344 12.346 340 233,733 231.030 SUPPORT COSTS Governanc¢ costs Cliaritsble activities L ET INCOMEJ(EXPEliDITURE) Net incom¢llexpenditure) is stated after charginW(¢rediting).' 31.3.25 31.3.24 Depreciaiion- owned 13.708 12.346 io. TRUSTEES, REMUYEIi4TION LND BENEFITS The Chlty purchased txx)ks for resale from Bill Lawson Publications totalling £5.680 <2024 - £NIL). W Laws0 Intee. is the proprietor of Bill Lawson Publicatiotts. The charity paid Reba Hutton £74 (2024- £395) in relation to commission5 sal. No other trustee received remunerdtiOTE during the year (2024- none). Trustees, expenses There were no trustee5' expenses paid for the year ended 31 March 2025 nor for the year endd 31 March 2024. STAFF COSTS The averagc monthly numbcr of employecs during th¢ year was follows: 31.325 31.3.24 All staff ¥0 employee5 received emoluments in exi%ss of £60,0(KI. Pagell continued...
IYORTHTON HEIUTAGE TRUST l%otes to the Fioanci41 SttementS - CODtlnued for the Year Ended 31 March 2025 12. COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL ACTIVITIES Unresthcted Restncled fund funds En&iwment fund Totsl funds INCOME thD ENDOWMENTS FROM Donations and le81¢$ 531 214,146 214.677 Charltblt *ctlvttles Community Slwe Offer 25 25 Other trading activities 45,966 45,966 Totsl 46,497 214,171 260.668 EXPENDITURE ON Raising fid5 7.912 7,912 Charltable acilvlties Charithblc aciivttics Govemance costs Depreciation 33.283 1.494 879 185,401 218.684 1,494 12,346 11.467 TotAI 43,568 196,868 240,436 ET INCOME 2,929 17,303 20232 RECO%'CILIATIOY OF FUN'DS Total funds bUght forward (3.752) 484293 480.541 TOTAL FUNDS CARIUED FORW'ARD (823) 501.596 5(K>.773 IJ. INTAI¥GIBLE FLXED A&SETS Northton Herithge Trust holds the rights to the Bill Lawson Library 8nd Archive. WhiL4t it is not Polb1¢ to measure the value of ihis intangible reliably. 0erShiP of this a55et does mean that the charity is able to earn Genealogy inwme un an ongoing bus'is. Page 12 continued...
NORTHTON HERITAGE TRUST l%otes to the Fln8nci*l Statements- CODtinued for the le4r Ended 31 March 2025 14. TANGIBLE FIXED ASSETS Freehold property Equwent Tots15 COST At l April 2024 Additions 573.358 46.545 5.452 619,903 5,452 At 31 March 2025 573.358 51.997 625.355 DEPRECIATION At l April 2024 Charge for ye8r 176.804 11.467 44.787 2241 221,591 13,708 At 31 March 2025 188.271 47.028 235.299 YET BOOK VALUE Ai 31 March ?025 385.087 4.969 390,056 At 31 m[Ch 2024 396.554 1.758 398,312 15. STOCKS 31.3.25 31.3.24 Finished goods 7,775 15,474 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Accrued 8rant income 25,851 17. CREDITORS: AloUNT5 FALLING DUE WITHIN OI%E YEAR 31.325 31.3.24 Trade creditors S(Kial security and other t&xes Pensions control Direclors loa Acc818 532 !80 5.000 1,556 l.i58 9.678 7,234 Page 13 continue(L..
LYORTHTON HEIUTAGE TRUST ote5 to the Fln4llcfial Statements- contlnued ror the Yeir Ended JI March 2025 I& ANALYSIS OF NET ASSETS BETWEEN FUNI)S 31.3.24 Tota] fvnds Unrestri¢t¢d fund Restricied funds Endowment fithd To1 Fixed assets Current a5seis Current liabilili¢s ,508 14,694 (9.676) 388.548 93,431 (2) 390.056 108.125 (9.678) 398.312 109.695 (7,234) 6,526 481.977 488503 500.773 19. MOvEmE,T IY FUNDS Net moveTnent in fvnlts At 31.3.25 At 1.4.24 Unrestrlcted fundi General Fund (823) 7.349 6.526 Restricted funds Cap?tal Fund General Fund Community Sbare Offer Wages fvnd 396.553 (11.467) 56.41Y) 116.169) (48 J92) 385,086 56.409 20,734 19,74fl 36.903 68.140 501,596 (19,619) 481,977 TOTAL FUYDS 5IM).773 (12,?70) 488.503 movemenl in funds. included in the above are as follows.. Incomin8 resources Resottrc¢s expended Movement in funds Unrestricted funds General Fund 59,740 (52J91) 7.349 Restrlcted fundi Capilal Fund General Fund Community Shar¢ Offer Wage5 fimd (11,467) (133.118) (16.169) (48,392) (11,467} 56,409 (16.169) 148.392) 189.527 189,527 (209,146) (19,619) TOTAL FUYDS 249.267 (261137) (12.270) Pagc 14 continued...
YORTHTON HERITAGE TRUST Notes to the FlnanclAI SIAlements- ¢ontlnued for the Year Ended 31 March 2025 19. MOVEMENT I.N FUNDS - ¢o#tlnued Comp4rgdves for movement In funds Net m0venl in rndS Ai 31.3.24 At 1.4.23 Unrestrle¢ed fuDds General Fund (3.752) 2.929 (823) Restrlcted funds C8pitsI Fund General Fund Community Share Offer Wages fund 408,021 10.491 65.781 {11.468) (10,491) (28,878) 68.140 396.553 36.903 68,140 484293 17303 501,596 TOTAL FUNDS 480,541 20232 5(Kl.773 Comparative net movcmenl in funds. includ¢d in the above arc as follows: Incomin8 Re%w¢¢s Movement eXded in funds Unrestrlrted funds General Fund 46.497 (43,568) 2.929 Restrleted funds Capi1 Fund Genernl Fund Cornmunity Share Offcr Wa8e5 knnd (i) 114,147 25 (11,467) (124,638) (28.903) (31,860) (11.468) 110.491) (28,878) 68,140 214.171 (196,868) 17,303 TOTAL FUNDS 260.668 (240,436) 20,232 Page 15 continucd..
,YORTHTON HEKtTAGE TRUST ote$ to the F'ln&Dcl81 S't8tement5- conthiyed for the Year EJ)ded 31 ,Mar¢h 2025 19. .MovE1ET LY FU.YDS - CODtlnued A current yeAr 12 m()nihs And prior yeAr 12 months combiT*d p>sirion is Ys followg: N¢1 movemenl in fisTh Ai 1.4.23 31.3.25 Unr¢$trl¢ted funds GeDeral Fund (3,752) 10278 6.526 Rejirlcted funds Lopitsl Fund Gcn¢ral Fund Community Share Off Wagcs fund 408,021 10,491 65,781 (22.Y35) 45.918 (45.{7) 19.748 3tt5.086 36.409 20.734 19.748 484,293 (2.316) 481.977 TOTAL FUNDS 48(J,541 7,962 488.503 A current vear 12 ftKmths and prior year 12 months combined movement in funds. Iluded in the above a as follows: Incomin8 Re5(llrces ¢xpoKlcd Movement in fund5 Unrestrlrted funds General Fwid l(h5.237 (95.959) 10.278 Reilrlcted funds Capital Fund General Fund Community Share Olter Wages fund {1) 303.674 25 {22.)34) (!57,756) (45.)72) (80 ?52) (22.935) 45.918 (45.047) 19.748 403,698 1406.1}14) (2J16) TOTAL FU.YDS s.935 (501.973) 7,962 20. RELATED PARTY DISCLOSURES Included within creditors folling due within one ycar is a loan from £5,(XXI). There are rKI fixed repayment ternis gnd interest is noi charged on il)i .'I,: I,Iliie. dir¢(tr, of £5.1NXi (2024 Included within trade crcdiloTS is £2.840 (2024 - £NIL) pgyable kn Bill Laws()n lknblication5. in relatioD 10 the putrhas¢ olbLK)ks. Dui"IiiL Ilii N"L'Jr ended 31 March 20?2. 11}j i li.lrii urch&sed ihe Old schoolbo 8nd adjoining land belon8in8 a inL8lee of the C17n[}.. liiiipie.4 215 of the building And the Tenwining 315 ]ng the b.. Northion Heritage Trust element will revert to Yorthion Heritage Trusi when no lon8er required by him. In ihe meonlimc. hLI is iii his invaluable ¢xpcrti5e io ihe Irusl for fiLL. liferent aThJ continues w May in the houge. He has free ¢¢$5 io the liiw and genealogy office. Page 16 ntinued...
YORTHTON HERITAGE TRUST Notes to the Flnancl81 Siatemellts- tontiDued for the Ye4r Ended 31 NIArch 2025 21. ULTIMATE COYTROLLIIIG PARTY There is no Ultima controlling pgrty. Page 17
I ORTHTON HEIUTAGE TRUST Detailed Statement olFinanelal Activities for ihe Year Endcd 31 March 2025 31.325 Tolal fiknds 31.3.24 Totsl Unrestricted funds Restricted fuods En(k)wment II%COME AND END01'mENTs Donarfons 8nd legaeles Donations Grants 98 189,527 100,529 114.148 189.527 189,527 189,625 214,677 Other trsdlng #etlvltks General relail Sales Genealogy income Rents rcceived 51.403 51,403 8.0(K) 239 45.836 239 130 59,642 59,642 45,966 ChArltAble Actlvltle5 Share offer income 25 Total In¢omlng resources 59.740 189.527 249267 260.668 EXPF.NDITURE Other tr¥dlng actlvlties Commission Purcbases for resale 1.955 24.248 1,955 24248 1,777 6.135 26.203 26203 7.912 Charitsble activitiej Wag¢s Rate5 incl Waier Insurance Light and heat Telephone and inlemet Postsge and stationery Advertisin8 Rent Cleaning and hYent Repairs and renewals Subscripiions & licenccs Consultancy Training Travel & subsistence Dcprecialion- freehold propety Deprecialion- ¢quipmenl Bank charges 64.481 64.481 865 2,494 8.387 66,629 730 ,742 9.272 865 2.494 8.387 1,948 121 4.730 12.719 1.353 372 225 1.470 876 1,050 31 86 478 850 225 1.470 876 132,496 31 86 11,467 1241 1.086 305 1.262 1.709 119,545 1.428 50 11.467 1179 131.446 11,467 1.153 1.088 1,086 24.587 209.146 233.733 231.030 This page does not form part of the statutory finan¢ial staiements Page 18
YORTHTON HERITAGE TRUST Detalled St4lement of FIDalleiil Activitlej for ihe YeAT Ended 31 .Mar¢h 2U25 31.3.25 7otal fuDILs 31.3.24 Total Unrestricted funds Restricted funds Endowment funds Support eosts Governance eosts AccoLITltancy fees 1,601 1.494 Total oUrCeS expended 52,391 209,146 261,537 240,436 Net (expendlthreylntome 7.349 {19.619) {12.270) 20,232 This ge does not form part of the slatutory financial statements Page 19