```
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...
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```
Page 11
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```
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
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```
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
```