2025-03-31-accounts - Urras Leabhraichean Nan Eilean - The Islands Book Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED CHARITY NUMBER: SC032682

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

FOR

URRAS LEABHRAICHEAN NAN EILEAN

THE ISLANDS BOOK TRUST

CIB Services
Chartered Accountants

63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 13
----- End of picture text -----

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The objects of the Trust are to advance the education of the public and in furtherance thereof:-

a)toextendappreciationofthehistoryofScottishislandsintheirwidercontextthroughtalks,conferences, visits,
publications, education and research;

b) to maintain and extend community contact;

c)toinitiateanddeveloplinkswithotherorganisationsandindividualshavingsimilaraimsandinterests,in particular
local history societies in the Outer Hebrides;

d) to establish and promote links with other Celtic and Nordic areas, and to encourage comparative studies;

e)topromoteuseofcollectionsbylocalandotherpeopleforthepurposesofeducation,researchandthe sustainable
development of Highland and Island areas.

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

ThiswasafurtheryearofrecoveryfortheTrustafteraleanspell.Wepublished5booksandorganised10events in
2024, excluding book launches, including a well-attended conference in Tiree.

WeweresuccessfulinraisingfundsforaFull-TimeEquivalentstaffpost,butfollowinginterviewsweappointed 3
part-time staff, all contracted to work 14 hours a week (so a little more than 1 FTE).

`Internal and external factors`

Thecharityispartiallydependentuponthecontinuingsupportofpublicfundingagenciestoassistintheongoing delivery
of the aims and objectives of the organisation.

`FINANCIAL REVIEW`

`Principal funding sources`

TheTrustisdependentongrants,donations,membershipfees,booksales,eventsandprojectsincometofund its
operationalcosts.Fulldetailsofthecharity'sprincipalfundingsourcesareincludedinthenotestothe financial
statements.

`Investment policy and objectives`

Thecharity'sreservesaremaintainedinbankaccountsasthecurrentlevelsofreservesarerequiredtomeetthe Trust's
short-term operational requirements.

`Reserves policy`

Thegeneralfundrepresentstheunrestrictedfundsfrompastoperatingresults.Italsorepresentsthefreereservesof the
charity.Thetrusteeshaveexaminedthecharity'srequirementsinlightofthemainriskstothecharityandconsider that
ninemonthsoperatingexpenditure,whichcurrentlyequatestoapproximately£25,000,shouldbeheldin unrestricted
reserves.Accordinglythetrusteesconsiderthattheleveloffreereservesheldat31March2025issufficienttomeet the
charity'soperationalrequirementsgiventheongoingassistancebeingreceivedfrompublicfundingagencies.Funds are
also raised for specific projects as required.

Duringtheyearthecharity'sincomeexceededexpenditureresultinginnetincomeof£42,275fortheperiod(2024- net
incomeof£17,048).Thisrepresentsanincreaseof£32,270inunrestrictedfundsandanincreaseof£10,005in restricted
funds. Unrestricted reserves has as a result increased to £57,032 and restricted reserves increased to £20,781.

`FUTURE PLANS`

TheTrustplanstoupdateits5-yearbusinessplanduring2025asabasisforfurtherfundraisingandincreased activity
during the period ahead.

Page 1

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

TheTrustisanunincorporatedcharityregisteredinScotlandandisoperatedunderthetermsofitsconstitution. The
Trust was registered as a charity on 28 December 2001 and was launched in 2002.

`Recruitment and appointment of new trustees`

ThemanagementoftheTrustistheresponsibilityofthetrusteeswhoareelectedorre-electedunderthetermsof the
constitutionbythemembersoftheTrustattheAnnualGeneralMeeting.ThetrusteescompriseaChairman, Vice
Chairman,SecretaryandTreasurerbasedintheWesternIslesanduptotwelveothertrustees,ofwhichatleast six
shouldbebasedintheWesternIsles.Trusteesholdofficeforaperiodofthreeyearsfollowingelection.Onethirdof the
trustees retire by rotation at each Annual General Meeting but are eligible for re-election.

`Organisational structure`

Thetrusteesmanagetheaffairsofthecharitythroughregularmeetings.Thetrusteesareheavilyinvolvedintheday to
day operations of the charity.

`Induction and training of new trustees`

Thetrusteesarealsocharitytrusteesforthepurposesofcharitylaw.Thecharityundertakestrainingfortrustees to
ensure awareness and understanding of:-

the responsibilities of trustees;
the organisational structure of the charity;
the financial position of the charity; and
the future plans and objectives of the charity.

`Wider network`

Thecharityhasestablishedlinkswithotherorganisationsandagenciestofostertheaimsandobjectivesof the
organisation.

`Related parties`

Full details of related party transactions are included in the notes to the financial statements.

`Risk management`

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.

Thetrusteeshaveconsideredthemajorriskstowhichthecharityisexposed,inparticularthefundingofthe operations
of the charity, and are satisfied that measures are in place to mitigate exposure to those risks.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

SC032682

`Principal address`

Kinloch Community Hub
Balallan
Isle of Lewis
HS2 9PN

`Trustees`

Page 2

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Independent Examiner`

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

`Bankers`

Royal Bank of Scotland
17 North Beach Street
Stornoway
Isle of Lewis
HS1 2XH

Approved by order of the board of trustees on 23 September 2025 and signed on its behalf by:

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

I report on the accounts for the year ended 31 March 2025 set out on pages five to thirteen.

`Respective responsibilities of trustees and examiner`

Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsofthe Charities
andTrusteeInvestment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended). The
charity'strusteesconsiderthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoes not
apply.ItismyresponsibilitytoexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostate whether
particular matters have come to my attention.

`Basis of the independent examiner's report`

MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations 2006.
Anexaminationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonofthe accounts
presentedwiththoserecords.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts, and
seekingexplanationsfromyouastrusteesconcerninganysuchmatters.Theproceduresundertakendonotprovide all
theevidencethatwouldberequiredinanaudit,andconsequentlyIdonotexpressanauditopinionontheviewgiven 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.

The Institute of Chartered Accountants in England and Wales

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

7 October 2025

Page 4

- THE ISLANDS BOOK TRUST

`URRAS LEABHRAICHEAN NAN EILEAN`

`STATEMENT OF FINANCIAL ACTIVITIES`

`FOR THE YEAR ENDED 31 MARCH 2025`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `18,414` `-` `Charitable activities` `3` `Charitable activities` `33,470` `32,437` `Total` `51,884` `32,437` `EXPENDITURE ON` `Raising funds` `391` `-` `Charitable activities` `Charitable activities` `24,723` `16,932` `Total` `25,114` `16,932` `NET INCOME` `26,770` `15,505` `Transfers between funds` `10` `5,500` `(5,500)` `Net movement in funds` `32,270` `10,005` `RECONCILIATION OF FUNDS` `Total funds brought forward` `24,762` `10,776` `TOTAL FUNDS CARRIED FORWARD` `57,032` `20,781`	`31.3.25` `31.3.24` `Total` `Total` `funds` `funds` `£` `£` `18,414` `14,850` `65,907` `26,884` `84,321` `41,734` `391` `862` `41,655` `23,824` `42,046` `24,686` `42,275` `17,048` `-` `-` `42,275` `17,048` `35,538` `18,490` `77,813` `35,538`	`31.3.25` `31.3.24` `Total` `Total` `funds` `funds` `£` `£` `18,414` `14,850` `65,907` `26,884` `84,321` `41,734` `391` `862` `41,655` `23,824` `42,046` `24,686` `42,275` `17,048` `-` `-` `42,275` `17,048` `35,538` `18,490` `77,813` `35,538`
		`41,734`
		`862` `23,824`
		`24,686`
		`17,048` `-`
		`17,048` `18,490`
		`35,538`

The notes form part of these financial statements

Page 5

`URRAS LEABHRAICHEAN NAN EILEAN`

`- THE ISLANDS BOOK TRUST`

`BALANCE SHEET`

`31 MARCH 2025`

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
6
584
1,087
CURRENT ASSETS
Stocks
7
21,880
-
Debtors
8
2,590
-
Cash at bank and in hand
34,136
19,694
58,606
19,694
CREDITORS
Amounts falling due within one year
9
(2,158)
-
NET CURRENT ASSETS
56,448
19,694
TOTAL ASSETS LESS CURRENT LIABILITIES
57,032
20,781
NET ASSETS
57,032
20,781
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS 31.3.25
31.3.24
Total
Total
funds
funds
£
£
1,671
376
21,880
10,000
2,590
2,117
53,830
25,427
78,300
37,544
(2,158)
(2,382)
76,142
35,162
77,813
35,538
77,813
35,538
57,032
24,762
20,781
10,776
77,813
35,538

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23September2025 and
were signed on its behalf by:

The notes form part of these financial statements

Page 6

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

FOR THE YEAR ENDED 31 MARCH 2025

`NOTES TO THE FINANCIAL STATEMENTS`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
andTrusteeInvestment(Scotland)Act2005.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention.

The financial statements are prepared in sterling which is the functional currency of the charity.

`Going concern`

Thetrusteeshaveassessedthecharity'sabilitytocontinueasagoingconcernanddonotconsiderthereto be
any material uncertainties about the charity's ability to continue as a going concern.

`Financial reporting standard 102 - reduced disclosure exemptions`

Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

`Critical accounting judgements and key sources of estimation uncertainty`

Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements, estimates
and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthat are
considered to be relevant. Actual results may differ from these estimates.

Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimates are
recognised in the period in which the estimate is revised and in future periods should it affect future periods.

Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmentto the
carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets

Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimateduseful economic
livesandresidualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates, future
investment,economicutilisationandthephysicalconditionoftheassets.Seenote9fordetailsofthevalues of
tangible fixed assets.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe income,
thereissufficientcertaintyofreceiptandsoitisprobablethattheincomewillbereceived,andtheamount of
incomereceivablecanbemeasuredreliably.Incomereceivedinadvanceisdeferreduntilthecriteriafor income
recognition are met.

Grantsgeneratedtosupporttheobjectsofthecharityandwithoutfurtherspecifiedpurposearetakento the
StatementofFinancialActivitiesinthatperiod.Grantsreceivedwhicharerelatedtocapitalexpenditureorare for
aspecifiedpurposearetransferredtoRestrictedFundsandareutilisedtofundthefuturedepreciationof the
related capital expenditure or fund the costs relating to the specified purpose.

continued...

Page 7

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

`1. ACCOUNTING POLICIES - continued`

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.ExpenditureincludesanyVATwhichcannotbefullyrecovered,andisreportedaspartof the
expenditure to which it relates.

`Raising funds`

Costsofgeneratingfundscomprisethecostsassociatedwithattractingvoluntaryincomeandthecosts of
fundraising activities.

`Charitable activities`

Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities. It
includesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirectnature necessary
to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.

`Governance costs`

Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirements of
the charity and include accountancy fees and costs linked to the strategic management of the charity.

`Allocation and apportionment of costs`

AllcostsareallocatedbetweentheexpenditurecategoriesoftheStatementofFinancialActivitiesona basis
designedtoreflecttheuseoftheresource.Costsrelatingtoaparticularactivityareallocateddirectly,others are
apportioned on an appropriate basis e.g. estimated usage.

`Tangible fixed assets`

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

Fixtures and fittings- 20% on cost
Office equipment- 25% on cost

Tangiblefixedassetsarestatedatcostlessaccumulateddepreciation.Thecostsofminoradditionsor those
costing below £100 are not capitalised.

`Stocks`

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteand slow
moving items.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. 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.

`Pension costs and other post-retirement benefits`

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the  Statement of Financial Activities in the period to which they relate.

continued...

Page 8

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

`2. DONATIONS AND LEGACIES`

`Sponsorship and donations` `Membership fees` `INCOME FROM CHARITABLE ACTIVITIES` `Activity` `Grants` `Charitable activities` `Book sales` `Charitable activities` `Conference and events` `Charitable activities` `Employment allowance` `Charitable activities` `Other income` `Charitable activities` `Grants received, included in the above, are as follows:` `Comhairle nan Eilean Siar` `Muaitheabal Trust` `University of Edinburgh` `Urras Oighreachd Ghabhsainn` `Horshader Windfarm` `Oppenheim Foundation` `Stornoway Trust` `Pairc Trust` `Comhairle nan Leabhraichean`	`31.3.25` `31.3.24` `£` `£` `16,171` `13,205` `2,243` `1,645` `18,414` `14,850` `31.3.25` `31.3.24` `£` `£` `32,437` `7,380` `29,598` `17,355` `3,745` `1,014` `127` `-` `-` `1,135` `65,907` `26,884` `31.3.25` `31.3.24` `£` `£` `9,920` `400` `15,650` `-` `2,000` `-` `-` `2,340` `940` `940` `-` `2,000` `-` `700` `-` `1,000` `2,480` `-` `500` `-` `947` `-` `32,437` `7,380`	`31.3.25` `31.3.24` `£` `£` `16,171` `13,205` `2,243` `1,645` `18,414` `14,850` `31.3.25` `31.3.24` `£` `£` `32,437` `7,380` `29,598` `17,355` `3,745` `1,014` `127` `-` `-` `1,135` `65,907` `26,884` `31.3.25` `31.3.24` `£` `£` `9,920` `400` `15,650` `-` `2,000` `-` `-` `2,340` `940` `940` `-` `2,000` `-` `700` `-` `1,000` `2,480` `-` `500` `-` `947` `-` `32,437` `7,380`
		`7,380`

`3. INCOME FROM CHARITABLE ACTIVITIES`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

continued...

Page 9

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

		`Unrestricted`	`Restricted`	`Restricted`	`Total`
		`fund`	`funds`		`funds`
		`£`	`£`		`£`
	`INCOME AND ENDOWMENTS FROM`
	`Donations and legacies`	`14,850`		`-`	`14,850`
	`Charitable activities`
	`Charitable activities`	`19,504`	`7,380`		`26,884`
	`Total`	`34,354`	`7,380`		`41,734`
	`EXPENDITURE ON`
	`Raising funds`	`862`		`-`	`862`
	`Charitable activities`
	`Charitable activities`	`21,184`	`2,640`		`23,824`
	`Total`	`22,046`	`2,640`		`24,686`
	`NET INCOME`	`12,308`	`4,740`		`17,048`
	`RECONCILIATION OF FUNDS`
	`Total funds brought forward`	`12,454`	`6,036`		`18,490`
	`TOTAL FUNDS CARRIED FORWARD`	`24,762`	`10,776`		`35,538`
`6.`	`TANGIBLE FIXED ASSETS`
		`Fixtures`
		`and`	`Office`
		`fittings`	`equipment`		`Totals`
		`£`	`£`		`£`
	`COST`
	`At 1 April 2024`	`2,316`	`7,194`		`9,510`
	`Additions`	`-`	`1,722`		`1,722`
	`Disposals`	`-`	`(1,720)`		`(1,720)`
	`At 31 March 2025`	`2,316`	`7,196`		`9,512`
	`DEPRECIATION`
	`At 1 April 2024`	`2,316`	`6,818`		`9,134`
	`Charge for year`	`-`	`427`		`427`
	`Eliminated on disposal`	`-`	`(1,720)`		`(1,720)`
	`At 31 March 2025`	`2,316`	`5,525`		`7,841`
	`NET BOOK VALUE`
	`At 31 March 2025`	`-`	`1,671`		`1,671`
	`At 31 March 2024`	`-`	`376`		`376`

continued...

Page 10

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`7. STOCKS`

`Stocks` `8.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `Other debtors` `Prepayments and accrued income` `9.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Taxation and social security` `Other creditors` `10.` `MOVEMENT IN FUNDS` `At 1.4.24` `£` `Unrestricted funds` `General fund` `24,762` `Restricted funds` `Revenue Grants fund` `10,776` `Capital fund` `-` `10,776` `TOTAL FUNDS` `35,538` `Net movement in funds, included in the above are as follows:` `Unrestricted funds` `General fund` `Restricted funds` `Revenue Grants fund` `Capital fund` `TOTAL FUNDS`	`Net` `movement` `in funds` `£` `26,770` `14,418` `1,087` `15,505` `42,275` `Incoming` `resources` `£` `51,884` `31,175` `1,262` `32,437` `84,321`	`31.3.25` `31.3.24` `£` `£` `21,880` `10,000` `31.3.25` `31.3.24` `£` `£` `1,996` `1,795` `-` `173` `594` `149` `2,590` `2,117` `31.3.25` `31.3.24` `£` `£` `455` `32` `611` `-` `1,092` `2,350` `2,158` `2,382` `Transfers` `between` `At` `funds` `31.3.25` `£` `£` `5,500` `57,032` `(5,500)` `19,694` `-` `1,087` `(5,500)` `20,781` `-` `77,813` `Resources` `Movement` `expended` `in funds` `£` `£` `(25,114)` `26,770` `(16,757)` `14,418` `(175)` `1,087` `(16,932)` `15,505` `(42,046)` `42,275`	`31.3.24` `£` `10,000` `31.3.24` `£` `1,795` `173` `149` `2,117` `31.3.24` `£` `32` `-` `2,350` `2,382` `At` `31.3.25` `£` `57,032` `19,694` `1,087`
			`20,781`
			`77,813`
			`15,505`
			`42,275`

continued...

Page 11

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`10. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

		`Net`
		`movement`	`At`
	`At 1.4.23`	`in funds`	`31.3.24`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`12,454`	`12,308`	`24,762`
`Restricted funds`
`Revenue Grants fund`	`6,036`	`4,740`	`10,776`
`TOTAL FUNDS`	`18,490`	`17,048`	`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`	`34,354`	`(22,046)`	`12,308`
`Restricted funds`
`Revenue Grants fund`	`7,380`	`(2,640)`	`4,740`
`TOTAL FUNDS`	`41,734`	`(24,686)`	`17,048`

`FUNDS`

`General fund`

Thegeneralfundrepresentsunrestrictedfundswhichthetrusteesarefreetouseinaccordancewith the
charitable objects.

`Revenue Grants fund`

This represents grants received from public funding agencies and trusts in respect of specified revenue costs.

`Capital fund`

This represents grants received from public funding agencies and trusts in respect of specified capital expenditure.

continued...

Page 12

URRAS LEABHRAICHEAN NAN EILEAN

- THE ISLANDS BOOK TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

`11. RELATED PARTY DISCLOSURES`

Duringtheyear,thecharitypaidnoroyaltiestotrustees(2024-£Nil).Theamountowedbythecharity to
trustees at 31 March 2025 was £Nil (2024 - £Nil).

`12. PERMANENT ENDOWMENTS`

The charity does not have any permanent endowments.

Page 13