REGISTERED COMPANY NUMBER: SPIJ)2739 (5eotlAnd) REGISTERED CH*lRITY NUTrIBER: SC042442 Reporf of the Trustees •nd Tr'lnAneSal Staternents for the Ytor Ended 31 March 2•25 for UIST WOOI. I.IMITF.D Nlhnn Ju(&J Gordon Lid Chartered Accounlants ?6 l.ewis Siree( Slornoway Isle of Lewis HSI ?JF
uisr WOOL LIMITED Con¢ent5 of the Financial 5tgtemen¢.$ for ihe Yèvjr Ended 31 March 2025 Pge Report of the"fruslees Independent Eiamlner's Report Stglernent of Fln%nel%l Actlvltles BAIAnee Sheet In the Fin8nel#l Sitemonts 9 10 15 DdAiled StAttment of Plninel*l Aetlvltles
UIST WOOL LIMITED Report of the Trusltes for ihe Year Elided 31 March 2025 Th¢ trustees who are also direc10 of Ihe charily for the purposes of the Companies Aci 1006. prc5cnl ih¢ir rep(prt wilh Ihe financial staiemenis of Ihe charily for Ihe year ended .31 March ?0?5. Th¢ Iru51¢cs have adnpled ihe provision5 of Accounting and Rewrling by Charilie5.' Slji Icmcnl of R1)Mended Ptactice applicable lo charilies preparing Ihcir accoiinls in acCoan¢¢ wilh ihe Financial Reportin8 Stsndard applicable in ihe UK and Republic of Irelaj IFRS I O?) (¢rreciive l JatJuary 1 91. OWECTIVES AND ACTIVITIES objec11 aiffls Th¢ ihariiablL' objecis of ihe orsanisaiion are- 'lThe advancenieni of heriiag¢ and Ihc Iradilional textil¢ ¢rafis of ihe Western lslcs IhrDubph eslablishing a spinning mill and lTrinIn visilor ¢enlre Io iDcre4se aclivity. oppurtunily aiid kwwled8e wiihin ilie secior: lThe advancettieni ol. educaiion through providing Infornlion and training in leylile skills and praclicc and Illruubih Oillreach educational pro8rammcs for pLoplL' of Hll agies wiihin ihe wider coinii)unily. lo inLlude exliibiiions. 4vorkshup5, IrainLLships. eduL'aliDnal eVlIS and research into all aSLi5 of irtdiiioiial Dnd contemporary uses of wool and tlie piibliLlllii)n of SULh research resulis. The advancemeni of community developmcnl ihruuLh cLluL'alional and IraininLI opw)rtunilies. and Ihrough increose in cconomic aclivily includinL pN)visiM of ernplnymeni aiid ofuiiique locally s()urL'LYI produ¢ts and ftiaierials io tlie ¢rnfis aild AgriL'iiliurnl sectors IhL' wider cominuiiity; The advancenienl of environnienlal proleclion IhroLl&.h Ihc dcvL.lopmLnl or irnpmvemenl of new and IradiliDThal uqes or nalural rcsourcc5 partiCLilarly wuul. ¢mployin8 Su181n1e, law cRrbon prodiiLlion IL'Lhn(?lobJies and lo¢al sourcing. Pa8e I
UIST WOOL Ll IMITED Report of the Tru$¢ees for the Year Ended JI March 2025 ACHIEVEIIIEYTS AND PF.RFORIMANCF. ChaTi¢*hle xclivilies Uist Wool operated ihroughout 20?4-?5 a5 nomial. opening 10 ihe public all year round . Monday lo Frida> belwccn May io Sepiember And Monday io Wednesday from O¢loiKr to April. Durinb. Iyenins hours a wnetnber r>f staff w&$ Iways available io speak lo visitors about Ihc work of Ihc Mill th¢ imFM)rtance of usin¥ local wrfJJl as a renewabl¢ r¢sour¢e. Ih'e estimate Ihai ar()und 4000 people visii Ihe Mill annually. In addilion to Ihe general public, Uisl Wool w¢lcom¢d spccialist lour groups from F.n¥land, Sweden. Norway, USA. and a regyular residential group by a crofi-based biisiiiess in Nortli Uisl. Other notable visiiors to Mill includ rEprL.lllal1Ve5 frvni ih¢ Cr¢aiion Mill CIL based in Dumfries & Cjalloway wlio were doingp research for a d¢v¢lopm¢nl project lo regenerate leitile prdclices in Iheir region- an Agri-Tourism group repTeseThiing a mi.¥ of fa. rni and croft-based rural businesses from throughout slIand and a group of siudenis link¢d lo th¢ Sw¢dish Tailors Associalion. In April. Uisi Ivool w&s iiiviled lu ullend the fi1 WIK)Ily (iood Gaiherihg ai Sumn)eJthall iii Edinburgh. A new eveni for wool-focused creaiive enterprises Itoiii Scotland orgianised by a collective of people involved in the 5eLlor. After Ihe resounding suttess of ihe W(M)Ily Gcmid Gatherin8 11 is likely to becomc an annual ev¢nl oil the Edinburyh culiurnl calendar. In Sepiember, Uist Wool also took pan in the Seotiish Yarii Fesiival ai the Errol Showground. 'I'his event iy the largesl w1 festival in Scotland and is a great opportunity lo meel oiher Vjrtisan wool-craft L'nlLrprises And nelwork willi oihLrs in the secror. Uisl WTr)l also took parl (ullx'il nol in PLrsunl by bL'inLi invited li) send ll sclcciion of yurns for inclusioft ii) Ihe 8c(Jiiish Wool Prodiiccrs Shoivctsc in Perth duriilg MuiL'h 20?5. In 20?4,115. wool clip purchasing was lirniled again lo n471urally coloured wcol brccd5 as il's Ll¢Ar Ihal (Jur tonal range of yarn, prcMJiicls require morc of Ihis typc than nilturdl whilc WOL)l. Ui51 Wi)ol purchased around ?OOOk&T ¢oloured bretd llcL'¢c friTh Iwenly ¥mfter% ihroub?houi ihe Oilier Hebrides, Skye and niainland Highland Scoiland. PwoductslCommls$lons & Development Uisi Wcol complci¢d onc major spinninkp ¢ommi5sion in Ihis period fibi of Gartur Siiich frarni iii the Tro&sachs. This was IhL SL'Loiid Loinniissi(Jn for Gartur SiilL.h Fam. 'fhe reiiiaiiiiilg production iiine was speni on spithning new bAteheq L)f our special collections of knitting yarn - Conntraigh. Dile. Frns, Reoihart and sinbylc ply w¢avinb yarn to allow us lo cornmission H#ffiS Tweed cloih and blankas & scarves woven from oiir y]mis. TWL) new chiii)k'y yanis Bc()Ihach Soillcir Bc()IhuLh WCTL. iniroduced illis year lo add lo Ihe OTiginal Beoihach r)orcho launched in 2112.1. I'his collection WELS used lo creaie ihe Quaich jacket commissioned by 'YARN' Thc SLy)ilish Journal of Yam (AulumnlWinler15sue 61 and designed by Lewis-bnsed designer, Inncr Wild. OihLr pn)dii¢ls laun¢h¢d in 20?4.'?5 inLluded a iiew Harris Tweed 'Cliabh' wovcii by TIK)bh TuGih Tweeds iii Northion, Islc of Harris and n nciv dcsign foi. Ihe Lalan&s Blankets, no%v in two sizes a double and a single. Woven for lis a1n at Ardalanisli by ihe Isle ofmull Weavers. Uisi Wool yams ivcrc a150 iiscd by knilwcar dcsigners diirin&? 20?4-?S. JRpaiiese dcsivn esigned (he Wiji, cardigaii using oiir Fras DK yam. Shc a150 hostcd A iVQTk'shop in Japan to launch ihe I,. 'ris DK seni for lh¢ ¢vent sold oul in iwo IK)urs. c.loser io honie. iYes1 of Ireland based designer Tania Barley Thc Il'ocil Bdrrc)ii' Iised Sian aiid Siaban Di% io greal effecl in her 'Midnighi Gues1, sweaier. Borders-based design¢. Designs used Solas DK in the richly iextured 'Rill' shaivl ihat wa5 featured on Ihe cover of the Au81151 edllitsii ol Kiiililllts Uisi W7 conlirtued LO suppl) a limited arn1 of specialist rdailers in ihe UK including Rag>amuffinlRu)'#l Mile arid Kaihy's Knits in Edinburgh. Tribe Yanis in fife and Prickly Thisile's Re1 Roiv slore in Inverness. Olir niain wholesale customer in the USA is The Woolly Thistle. basd in New H¢lliiPShir¢ and speeialisingy in UK and European yams. Wiiliin the Ouier Hebrides our yam is available at Buih Bliarraigh iii CAstlebay and ,I4Lwe iij Lewis. IryANCIAI. REVIEIV Reserve5 polin, Due lo Ihe infai)cy of Ilie or&iai1isalion a rcscrvcs w)liLy has ycl lu bL. dLlcrmiiied. Page
UIST WOOL LII¥IITLD Report uf ihe Trustis ror the )'er F.nded 31 Mgreh 2024 FUTURE PLANS In ?Q?5-16, U•si W(x)l aims Irft develnp Ihe vi81181 ideniil). nf the brdnd and promolc our aclivilics Ihrt)ugh social media lo build our profilc inlcrnalionally. We will nlso cunliniie ¢0 dL'vclup produci% ii)ode froiii our yam to allow non-k'nillers io enjoy Ihe qualiiy and wamiih of l$18nd & Hi¥hland grnwn wool. Ui51 Ivool will continue lo offer a minimum of iwa spinninsi conimission 51ots 8nnually for illdep¢ndenl wool grDweTS in Ihe region lo have ihcir wool spun al Ihe Mill. Plans progyressed to acquire the land Ihal the Mill sile occupies frorn ihe conimunity landlord. Th¢ Tal8mh Trust. This sal¢ ivill b¢ con¢luded by mid ?0?5. By owning this land il would allow plaiis lo be dralled for a new wash-house for Ihe Mill io be buili on land adjacenl lo Ihe cuThenl i%'ash-house. Thi5 pruiecl will require deiailed research to ensure that Ihe best, energy efficient mhod$ can be iniroduced io reduce prtsjuciion cosis al the Mill. On Ihe educalionallskills froni, Uisl Wool aims lo L T¢al¢ & new Irginin& projecl Ilial will include apprcnticeship5 for Mill En&iineeriiib. STRIJ('TIIR& (:()VLRIY ANCE AND MANACELMLN'I. Governln% docurnenl The Charity is conlrollcd by ils governing documcnl - Rulcs of Uist W¢Jol l.imil¢d. Uisi Wool Limilcd is fi Communily Benefit Society. regisiered under the lrtdu.$irial and Provident Socieiies Acls 1965 1978. Recruitment *n(l aptx)inlment of iiew Iruslees "I'he Socicty shall havc a Comniittce coniprising not less ihan 4 and not more than 7 persons. 'fhe initial Committee of the Socieiy from incorporaiion uniil Ihe first Annual General Meeting shall be apkX)inled by the foiinder Members. Commillcc nicnibcrs hold slaggicrcd 3 yL'ar IL'rm5 and rLniHiii in uffiL¢ until the ei)d of Ihe Anniial Gcncral Mceling r()Ilnwiiig Ihe end of tl)e 3 year leni). Reiirii)g i))en)bers shall be eligible for rc-clcaion al the Attnual Cieneral Meeting ai which they reiire. Only niembcr5 of Ihc Socicty and rcpTC5cnlalivcs of orbaiiisalions 1)Ich ar¢ iiien)bers iiiay sland lor elcclion lo. or iioiiiinale per8on$ 10 siand for eleL'lii)n lo ilie (.'oiiiniiiiee. 'I'he Cornniille¢ may al any lime c(bp1 any member of ihe So¢iely or oiher repres¢niaiivc of an or&ianisalion whiLh is meiliber lo fill a casual vacancy ii) Ilic Cominillce. Any FKf50n CopIC by the Cnniii)illee niny be reniovcd by a IIIIIjVTily vvlL of Ihl. CornNiill¢¢.. A casual vAcancy shall be deeined i(1 exist if Ihc nuiiibcr of Coinmillcc nien)bers shcjuld drop bclow thc niininium prcscribed in thc Rulcs or bcloiv Ihc number clcclcd ai the precediii¥ tlniiual General Meeling. oryAnitional 5lru¢lure Meiiibers of the Cominillee shall clc¢l a Cliairpcr5on. Sccrclary and TrSr¢r of Ihe Society from anion851 Ihcir oivn iiumber. Any honorary Oller so app)iiiled may bc reJnoYcd or rcplaccd by a majorily vole of ihe Coninil¢e al any time. The Coinmill¢e may delesal¢ any of 115 funclions lo sUrOMli11¢¢S niadc up of m¢nikr5 of Ihc Cofftmillee and such olhcr p¢rson5 a5 il 5C¢5 fil. The current committee is: REFEREYI CE ASI D ADIMIN'ISTRATIVE DETAILS Registered CompAn)' number SPO(1?739 Iscoilwid) Page 3
RepDrt of theTruytees for Ihe Yr Ellded JI Mr¢& 2•2$ Relbtsred Ckartty number SC041442 Chartettd Aceounwjts 26 txwii Strtti stow&Y Isl• ofL•wls HS12 Approved by order ofthe board of trustees on12 I)e¢eM 2025 $ip¢d on its lknlf by: Pw4
ndependent ExAmiTher's Repoi to the'l'ruslees of Ulsi Wool Llmlt¢d rcport on Ihc accoun15 for IhL ylr Lnded J l mrei ?0?5 sei out on pages six lo fiftecn. Resi)ectivt responsibililies of iruslees and examiney The chariiy's INstees are responsible for Ihe preparation of ihe attounts in accordance wilh the iemiq nf Ihe Chnrilie5 and Trnslee Inves1mlI (Scotland) Act ?005 anil IhL. Charilics Ac¢i)unis ISci)Ilandl Reyulalions ?006 (as amended). The hgrily's truslccs consid¢r that the audit wequireiinI of Regulalion l 01 l )(a) to (c) of Ihc Accounts Regulations does nol apply. It is niy responsibiliiy to cxaminc the aCCnts &$ required under Seciion 44( l Mcl of the Aci and io siaie wheiher particular mailers have come lo my anenlion. Basis of the independenl exminer's report My examinaiion ivas carried chul in accordance wilh Rcgiilalion I l of Ihe Charilies Accounts ISc¢xlandl Reg7ulalions 2006. An e.¥aminaiion includes a revieiv of ih¢ accounting records k¢pi b). lh¢ ¢harity arnj a comparison of lh¢ acLuunis pr¢s¢nl¢d ivilh thos¢ rffords. li also in¢ludes consideration of any unlisual items or disclosures in Ihe acwunls. and seek'ingi e.xplanalions from you a5 Irustccs wnc¢rning any Such fflall¢rs. The procedures Iindertak¢n do not pmvide all th¢ ¢vid¢nLf Ihal would be required in an audit. and consequenily I do nol e¥pre55 4n audbi opinion on ihe view given by the accounts. Indepelldenl exAminer's ¥taemenl li coniirclion wilh iiiy c¥Jininali¢)n. no m4lkr hJ> Come 10 my thiienlioii I I I which gives nie reasonable ¢ause10 believe thai. in any material resp(Yi. the requiremenls lo keep accouilling records in accordanc¢ wilh SLli()n 44111101 tsf Ihe ?005 Act and Re8ulntion 4 of Ilie 2U06 Attouiiis Regulaiioi)s: and lo prepare a¢¢ouni$ whbeh aecord with the accountiiig rttords and lo comply with Regulation 8 of Ihc ?006 Accoun15 Regulations havL not bLcn MLI: ur 121 lo which. in rny opinion. atlentivri 51¥)uld drdwn in order lo enable 8 proper undcrslaiidinbi (Ir Ihe acctsuiiis lo be rearheil Tli¢ InsiitulL' i)l- ("li&ilered IlLLDuiiiai)1s iii k-iiglaiid aiid Il'ales Mann Judd Gord¢)n Lid Chartered Accounlanls ?6 Lcivis Slrccl Storiioway Isle of Lewis HSI ?JF 12 Dec¢mb¢r ?025
L:Isr WOOL LIMITED Statement of Finneial Activities for ihe Yer F.nileil 31 hluri'h 2024 31.3.24 Tolal funds Unreslricled funds RLslricled Tal funds Noies IIYCOME AND ENDOWIMEIYTS FROM Donations and legacies l O.O(M) i 0,000 I,ooo Oiher Irading aclivilies 1)9.633 99,633 82.134 TotAI 109.633 109,633 83,134 EIPENDII'URE ON Raising fuiids 89.970 8Q.970 77,193 ChAritAble activilies Orbunisatii)n & DAgitAI developnieni Financial cos15 Governance cosis Mill & EqLiipmeni Depreciation 8.583 1.583 4.347 1,065 1.926 62,873 ?,583 2.135 62.320 Totftl 103.271 62,3?0 165.591 147.404 NET INCOIMEI(E.XPENDITURE) 6.36? {62,3?0) (55,958) (64,270) RECONCILIATION Ol* TrUNDS I'o¢dl funds bruubihi fonv¥rd 17.6041 91,496 X3.8()2 148,162 'ID'I'AL UNDs CARRIED FORWARD 11,24?) ?9,176 27,934 83.892 The nolcs fom pail ofihl'se financial sthiertienls Page 6
UIST WOOL LIMITED BgIRn¢¢ Shtcl JI March 2025 31.3.25 Tal funds 31.3.24 Tolal funds Unr¢51riffl funds R¢51ricled funds Noles FI[D ASSETS Tangible a1$ 29.177 91.497 CIJRRF.NT AS*iETS Siocks D¢blors 10 21,.345 1,823 21.345 1,8?3 24.782 565 ?3,168 23.168 25J47 CREDITORS Amuunls falling due within one yeAr (9,787 19.7821 113JlS NET CURRENT ASSETS 13.386 11.386 12.032 TOTAI. ASSETS I.F.SS CURRF.NT LIABILITIES 13.387 ?9,176 103.529 CREDITORS Amouiils fallin8 Jue #fter Inore ihaii le year 13 114,629) 114.629) {19.637) NET ASSETS 11,2421 ?9,17( 27.9.14 83,892 FIIND Unresiri¢l¢d funds Reslricled funds.. Ili¥hlands arid Islaiids Enlcrpriyc Mill buildinby aiid equipnienl 11 ?42 (7,604) 4.7UO 24,476 5,875 85.621 29,176 91,496 TOTAI. FIJNDS 27.934 83,892 The noles fomi phn of iliese finnncial sthiements Pagw 7 continued.
B••¢ Shee¢- cootlAu¢d JI Mch 2025 Th¢ tlnmciAL rtat¢menl8 re approv1 by the BoATd of Trugwt8 and authori1 for i8m w 12 Dec•mb¢r 202J wyj were Signed on its behalf by: Th¢ nctts forni part of these f1•] i¢•l¢uKl Page 8
U1 WOOL LIlITED otts tts the Flnan¢lAI Statements for the Year Ended JI Mirch 2025 ACCOUNTING POLICIES $is of prepArin8 the finanei4151Alem¢nts The financial Slalemertts of the chariiable company. which is a public benefit enlily under FRS I O? h¥ve been prepared in 8ccordance wilh Ihe Chariiies SORP IFRS I O?) 'A¢¢ounling and Reporting by Charities.. Staiement of Recommcndcd Praclitt applicable io charilies preparing iheir accounis in accordance wilh the Financial ReIrting Standard applicable in ihe UK and Republic of Ireland (TrRS 10?) l¢ff¢cliv¢ l January ?019)'. Financial Repjrting Standard 10? '-I'he Financial K¢porlinK Slandwd applicahle in ihe UK and R¢publi¢ ol Ir¢land' and lh¢ Compiiies Acl ?(H)6. The financial 51alem¢Dls have b¢¢n epArtd under the historical cosi onveiilion. The presenlalion currency of the accounis is Ihe Pound SicrlinL' {£). The Bccounls are rounded kn Ihe neares1 £1. Ineome All income is recognised in ihc Siemenl of FiDdncial Aeiivities nnee the eh%riiy lias L'nliilLment 10 Ihe funds, il is pblL. Ihal the inLome will be received and ihe an)oiint Llll) be mLi1Sured reliahly. Expenditure Liabilities are recognised ns expenditure a5 soon as IhcTC is a IcLilll ur LY)nstru¢iive obligAiM)ii coniiiiillinB thL' charily lo ihal cypcndiliirc. il 15 probible Ihai 8 transfer of econt)mic bencfiis will rLNuired in selllenienl and Ihe amoLini of ihe abligaiioii cAn be ii)ensurL*d rclimbly. Fxpeiidilure is aeci)uftied for oli an accruals basis and has bccii classified under headings ¢lioi aggregaie all cosi relaled 10 Ihe caiegory. Where costs cannoi bc dircLIIy attributed w particular headings they have been allocalcd to ¢icliviliL'5 un 8 basis LnSis1e11l with ihc ilSL' of re50urce5. Taiigil)It fixtd 8$sels Included wiihiii ¢on8ible fixed assets are mill buildings and MhInery. No dcpreLiaiion will he char8ed on either unlil Ihe venue is ¢ompleie coii)mcnces conimL'rcial upLraiions. Conipuler equipinenl is beiny dcprccialcd al 330/0 slraighi line. stks Sioek's are valued ai Ihe lower of cost and ncf rcalisable v¥luL'. dftLY makinbi due Rllrjwancc fuf Libsokye and slnw mvvinbj ilcms. Taxation The chanty is e,i¢nipl from ¢¢)rwrdiion lax on ils ch84riiable aciivities. Fund WfLQllllting Unreslricled fuii•Js can bc uscd in accordancc with Ihc charithble obje¢iives al lh¢ dis¢r¢lion of Ihe irnsiees. R¢slri¢t¢d flind5 ¢an only be used for partiCLilar reslrithcd piirpo5 Within Ihe objects of Ihe Charily. R¢slriclions arise wh¢n 5pccificd by lh¢ donor or ivhcn fvnd5 arc Taised for porlicular re51wi¢t¢Yl piirtrt)S¢S. Further eiplanalion of ihg nalur¢ and purpose of each furtd is included in ihe noies io the financial sialen)ents. PaBc 9 conliiiued...
UIST WOOL LII¥IITED Notes lo the Flnanei41 St*temenls - coiilinued fvr ihe Year Ended 31 March 202$ DONATIONS AN[) l.F,GACI LS Grnnis i 0.000 1.000 Grnnis CeIVed, in¢lud¢d in the abov¢, ar¢ as follows: 31.3.24 Sealladh na Beinne Moire Wool Development Group 1.000 10.000 10.000 1,000 OTIIER TRADlh'G ACTIVITIF.S 31.3.?5 31.3.24 Sales of wcKJl prodt5 99,633 82,134 RAISINC FUND5 Ra131ng donations And legAcies 31.3.25 31.3.24 Su1)rt cosis 6.910 NF,T INCOMFJ(EXPENDITIJRE) Nel income.'(eYpendiliirel is sialed after chaVIng, l¢rcdiiing)'. 31.3.24 t)eprcciaii0i1- owned &%seis 62,365 TRUSTF.F.S' RF.IllERATl0N AIID BENEFITS Tl)er¢ wer¢ no INsl¢¢s' r¢mun¢rnlion or (xher benefiis for Iht ycar cnd¢d 31 MaTch ?025 nor for year ended 31 Marrh ?0?4. Tru$lees' exnseS 11)ere thtre no lrnstees. expenses paid for Ihe year ended J l March •O?S nor for the year ended 31 March ?024. Pag?c 10 oiilinued...
L:IST WOOL LI%IITED
l%oles lo Ihe FinAn¢ial Statements - corilinued
for the I'eJJr F.nded 31 Mar
Uls-r WOOL LI MI"I'ED Noles. to the FinAnei*l Statements- eonlliiutd ror the )'e•r Ended JI MAr¢h 2025 TATriGIBLE FIXED ASSETS InlprovcmLIs 10 property Plani and machinery Cornpuier equipmen¢ Tnlals cosr Ai l April ?0?4 and 31 March 2015 401,018 3,118 526,515 DEPRECIATION Ai l April 20?4 ChJrg¢ for year 346.?36 50.082 85.665 12,?38 3,117 435,018 6?,3?0 Ai JI March ?0?5 396,318 97.903 3.117 497.338 i%ET BOOli VALUE At 31 March ?0?5 4,700 ?9.177 Af 31 March 2024 54.782 36.714 91.497 10. S1'0(.'KS 31.3.?5 31.3.24 slks 24.782 DLB'I'ORS: AMOUiY'fs FALLifiG DUL WITIIIN ONE YEAR 31.J.25 Trnd¢ d¢blors Other debtors ,623 ?00 300 265 1,8?3 565 11 CREDITORS; AMOUNTS FALLING DUE WITHIN ONE I'EAR 31.3.2.5 31,3.24 Baiik loaiis and overdrafts (see nole 14) Trade cr¢diiors VAT Ar¢riicd c.¥pcn5C5 7,148 9,836 866 1,010 1.603 477 9.78? 13,315 Page i? ¢onlinued...
UIST WOOL LIMITED Notes to the Flnanclil Stlements - ¢¢)ntinutd for Ihe I'e4r F.ll1 31 MArch 2025 13. CREDITORS: AIMOUNTS FAI.I.INC. DI E A F.R lRE THAY ONE YElR 31.3,?J 31.3.24 Bank loans (see nole 141 (h¢r loans (see nole 141 4,629 i 0.000 9,637 10.000 14,6?9 19,637 LOANS An analysis of Ihe maiuriry of loans is giv¢n b¢low.' 31.3.25 31.3.24 Amounis falling due within one year on demand: Bank ovcrdraft5 Bhnk loans .¥24 5,324 4J12 5J24 7.148 9,836 Aniouiiis falling belweui one aiid twu yL'ars'. Bank loans - l.? years 4.619 .5.J24 Amoun15 falling duc bclwccn Iwo and fivc ycars.. Bjnk loans- 2-5 yea (Mher loans- 2-5 years 4.313 i 0,(0 10,000 10,000 l()vkMLI. INI TrIINDS Nel moveiiieni in tunds At Ai 1.4.24 Unrejlrlcted funds Genernl fund (7,6041 6,J6? 11,24?) Rejlricled funds Highlonds And Islands F.nien9t Mill building and equipmeni (1175) (61,145) 4.700 24.476 85.6!1 91,496 {61 3*0) ?9,176 TOTAL FUNDS 83.89? 155,9$8) Pe 13 coniinued.,.
I,'IST WOOL LII¥IITED Yote$ to Ihe Financial Statemen¢s- eonlinutd for th¢ Ye#r Ended 3l I¥IAr¢h 202$ IOVEf*lENT IY FUNDS- conlinued Nct movcmcnl in fund& iTrclud¢d in lh¢ alK)ve are as follows.. Incning R¢soiircc5 expended ovemenl in lunds ur¢ric1¢d funds General fund 109.633 1103 ?71 6,369 Rulricted funds Hibihlands and Islands Enterpri5 Mill buildiii¥ and equipnient 11.175) (61,145) 161.1451 16?,3?0) 16? 3201 TOTAL FUNDSI 1(19.633 1165.591) (55.9581 Comi)#rAtives for movemenl in fund Nel niovenieni in funds At 31.3.24 Ai 1.4,23 lJnrestrle¢ed funds General fund 15,69)) 17.61141 Re$lrlcted fun(Is Hi81ilidS and151giids Eiiierprise Mill blbilding and equipnlenl 7,050 146,81 5.875 161,190) 153,861 16?,365) 91,496 'i'o"rAL Tr UNDS 148.16? 164 ?70) 83.89? Coiiiparalive iiel movemenl iii fund5. incliidcd in Il)L iiiMJVC re os follr)ws: Incoming resources Rey)urces expctKlvd Movemcnt iii funds Unreslriclcil funds General fund 83.134 (85,0391 (1.9051 Restricted funds Higphl¢ind5 and151pnds Enterprise Mill building ai)d equipn)eiil 11,175) {61.190) {1 1751 161.1901 (6? 365 } 162.3651 TOTAL FUNDS 83.134 (147,404 164,?70) e 14 onlinued...
UIST WOOL LIfvIITED Noley to Ihe FinaTreixl Siatements- conlinued for the Year Endeil 31 March 102$ IQVF.I¥IENT IN FUNDS- conlinu¢d A ¢uffeni year l? months and prior year l ? monih.s combined position is as follow5- Nel movcn)¢nl in funds At Al 1.4?3 tinT¢5triL'led fuwls General lund 15.699 4.457 11 ?4?1 Reslrieted funds HiLihlaiids wid Islands Enterpri lill buildinbp ai)d t4uipiiienT 7.050 146.81 {?,35() ) (1??,3J5) 4,7CM) ?4.476 153.861 {] ?4.685) ?9.176 TOTAL FUNDS 148.162 ( i ?0,??81 27.934 A currcnl yLar l ? munihs And prii)r year l ? n)lihS coiiibiiicil nei mOvemL1 in funth, included in the ai>)ve are as follows: InLY)ming rcsoiirces Resourccs exp¢nded MovLmenl in funds Unrestricteil funils Ciet)erAI fund 19?.767 (188,3101 4,457 Restrlrted thnds Hibyhlandq and lslaiids Eiilcrprisc Mill buildin8 and equipnienl 1?3501 (1??.33.51 12.350) 11??.335) {1?4,685) 11?4.6851 TOTAL FUNDS 19? 767 (31?.99.5) 11?0.?781 16. RELATED PARTI, DISCLOSIIRES Th¢rc ivcrc no rclatcd party trniisaciions for the yeftr eThJcd 31 March 20?5. Page15
UIST WOOL LI%IITED Detiled 5ttement of FlnAnclRI Attlvitles for the YeAr Lnded 31 March 2025 31.3.24 Total funds Unrcslricled runds Restri¢ied runds Tolal funds INC()ME AND F.NDnivMEYI TS Don4tions gnd leggcies Grdnts 10.o(NJ i 0,000 1,000 oih¢r tradin% lclivities Sales ol'w(M)I producls Y9.633 99.633 82,134 TotAI Incomln% re50urce5 109.633 109.633 83,134 EIPENDITURE Other tradlnR *ctlvltl¢s Openingi stock Purthrtses Posloge 61?d pDckA8in8 Wages I leal. liBhi and wwcr Closin¥ siock 24.782 7,796 ?.951 66.044 5.5?4 121,345) 24,78? 7,796 26.216 10.390 2.581 51,095 4.783 (24,782) 66.044 3..524 <21.345) 85.75? 85.75? 70.283 Charitable Aclivi¢ies 'I'ravel And subsisithice Consultoney i iuior ftts Markeling and ivebsite ¢osis IiiiprovLniLn15 to pr(Ip¢rty Plaiil aiid iiiacliinery 2.981 ?.906 2,696 ?,981 2.906 ?.696 51).IlX? 1?.238 790 1,545 2.520 50,1?7 12.238 50,082 1 ?,238 8.583 70,903 67,220 Support cost¥ M#n#Kemenl Insurance l ¢lephon¢ Siindries & otrice consuniablc5 2,981 .067 1,085 859 1.0%5 8.59 4.193 4.193 5,086 Fin4n¢¢ FJaDk charges Loftn 2.291 317 2.391 317 2,449 440 2.608 2.608 2.889 Cmofvernanee costs Acc(IiJnluncy fees 1.926 Total resoiirces e.xpended l OJ.271 165.591 147.404 Nel (expenditureyineome 6,36? 16? 3?0) 155.958) (64,270) Tliis page does iiot fotTh part of the slatulory fillancial siAtements