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2025-09-30-accounts

REGISTERED CHARITY NUMBER: SC047581

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2025

for

UIG DEVELOPMENT TRUST SCIO

Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF

UIG DEVELOPMENT TRUST SCIO

Contents of the Financial Statements for the Year Ended 30 September 2025

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 12
Detailed Statement of Financial Activities 13

UIG DEVELOPMENT TRUST SCIO

Report of the Trustees for the Year Ended 30 September 2025

The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The organisation's purposes are:

(a) To manage community land and associated assets for the benefit of the Community and the public in general following principles of sustainable development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

(b) To provide, or assist in providing, recreational facilities, and/or organising recreational activities, which will be available to members of the public at large with the object of improving the conditions of life of the Community and following principles of sustainable development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

(c) To advance community development, including urban or rural regeneration, following principles of sustainable development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

(d) To advance the education of the Community about its environment, culture, heritage and/or history.

(e) To advance environmental protection or improvement including preservation and conservation of the natural environment, the promotion of sustainable development, the maintenance, improvement or provision of environmental amenities for the community and/or the preservation of building or sites of architectural, historic or other importance to the community.

Page 1

UIG DEVELOPMENT TRUST SCIO

Report of the Trustees for the Year Ended 30 September 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities

The date for end of year accounts remains 30th September 2025 and the AGM will be held on the 26th of March 2026 in person at the Uig Community Centre.

UDT hold the property comprising the Community Shop and Filling Station on behalf of the Community. The lease between UDT and UCCL obliges UCCL to operate, maintain and replace the leased facilities and this is properly managed through regular meetings with the UCCL Shop Management Committee. UDT receive rent, reflecting current commercial rental costs, from UCCL. The significant proportion of this rent is placed in a 'sinking fund' to finance the cost of future asset improvements. A rent review was last carried out in August 2023. UDT also owns land to the rear of the current business units at Eireastadh. This is the site of the proposed new business units.

Business Units Project

Planning permission for the business units on the land owned by the Uig Development Trust was granted in April 2025. The Business Units Project Officer, Alison Rothwell, has continued to research funding opportunities, working with HIE and CnES. An estimate for build costs has been received from a local contractor. This major capital project links to a direct objective in the Uig Strategic Development Plan and is a key component of UDT's commitment to helping young people stay in the area and attract others to permanently relocate. The business unit project officer has worked with local businesses who have expressed interest in renting a business unit, to ensure that the design is suitable for potential tenants. The Business Units Project Officer transferred to a part-time contract in July 2024, and this has been funded by UDT unrestricted funds.

Community Right to Buy Under Part 2 of the Land Reform (Scotland) Act 2003

A public meeting was held in November 2024 to confirm public support for the proposal for Uig Development Trust to register an interest in the Uig and Hamanavay Estate under Part 2 of the Land Reform (Scotland) Act 2003. Forty Uig residents attended the meeting in person, with another 32 online, and the meeting unanimously supported the idea. A working group was formed, and has held monthly meetings to progress the application to register an interest. Three members of the working group are also UDT trustees.

Other Projects

FINANCIAL REVIEW

Reserves policy

The trustees aim to have three months' reserves to be held in cash in the bank account in order to cover normal expected outgoings.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Uig Development Trust is a Scottish Charity Incorporated Organisation (SCIO) and its objectives are governed by its constitution and regulated by the Office of the Scottish Charity Regulator (OSCR).

Risk management

The Trustees have taken steps to discharge their duty to identify and review the risks to which the charity is exposed and to put in place controls to provide reasonable assurance against fraud, error and adverse financial conditions. These are set out in the recent Charity's Business Plan (Issue 3 2020-22).

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

SC047581

Page 2

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Independent Examiner's Report to the Trustees of Uig Development Trust SCIO

I report on the accounts for the year ended 30 September 2025 set out on pages five to twelve.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

have not been met; or

A Cumming CA The Institute of Chartered Accountants of Scotland

Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF

26 March 2026

Page 4

UIG DEVELOPMENT TRUST SCIO

Statement of Financial Activities for the Year Ended 30 September 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
4
Charitable activities
-
Other trading activities
2
16,890
Investment income
3
1,230
Total
18,120
EXPENDITURE ON
Charitable activities
5
Charitable activities
3,751
Depreciation
340
Total
4,091
NET INCOME/(EXPENDITURE)
14,029
Transfers between funds
13
(4,099)
Net movement in funds
9,930
RECONCILIATION OF FUNDS
Total funds brought forward
62,660
TOTAL FUNDS CARRIED FORWARD
72,590
Restricted
fund
£
-
-
-
-
26,706
5,179
31,885
(31,885)
4,099
(27,786)
123,489
95,703
30.9.25
Total
funds
£
-
16,890
1,230
18,120
30,457
5,519
35,976
(17,856)
-
(17,856)
186,149
168,293
30.9.24
Total
funds
£
53,231
15,925
725
69,881
31,429
5,519
36,948
32,933
-
32,933
153,216
186,149

The notes form part of these financial statements

Page 5

L'IG DEI'ELOPIIE_NT IXI51'5LIU BAlM¢¢ Shtt¢ U'rtr¢siri¢ted Restr¢ct£d njnd T￿.81 fiuid rirfAI rurtLt• TrI.IED.4kSETS 1.021 10? ?4? Ci RRF.%I ASSE75 Dtbiur iov 87u(N) CREDITORS 4muuiiii lilling du¢ WiEhin (Xle i.fdr 1753) 13.393 ETCI"RRE%I ASSETS 71..569 TOT IL.I.5SETS I.Tr.55 CI'IUifr.%T I.IABILrttE 186.1411 rr.I55Er 168.=.91 IM6.149 'NDS L'w¢)ti¥i¢d fvnds 13 141.489 TOTAL PI'%I>S 16¥.-W4 I'l￿ finAocial 4¥1eme:Tty II¢Y¢ IIPPTDI'ed bk th¢ B04rd rfTru5wes •Trd outhorised ffjt155ue th1 20 Iljffh •0?6 wd wer¢ ¢)n 115 b¢lwli b).; 5.411tnlNy . Tntytct Th¢ form pAn of S￿¢￿en PoAe

UIG DEVELOPMENT TRUST SCIO

Notes to the Financial Statements for the Year Ended 30 September 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Buildings - 2% depreciation on cost
Extension to buildings - 10% depreciation on cost
Renewable energy equipment - 5% depreciation on cost

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.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

30.9.25 30.9.24
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Rental income 14,563 - 14,563 13,000
Tourist maps 530 - 530 320
Sheiling income 1,797 - 1,797 2,605
16,890 - 16,890 15,925

continued...

Page 7

UIG DEVELOPMENT TRUST SCIO

Notes to the Financial Statements - continued for the Year Ended 30 September 2025

3. INVESTMENT INCOME
30.9.25 30.9.24
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Deposit account interest 1,230 - 1,230 725
4. INCOME FROM CHARITABLE ACTIVITIES
30.9.25 30.9.24
Activity £ £
Grants Charitable activities - 53,231
Grants received, included in the above, are as follows:
30.9.25 30.9.24
£ £
Highlands & Islands Enterprise - 20,967
Foundation Scotland - 32,264
- 53,231
5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£ £ £
Charitable activities 29,143 1,314 30,457
Depreciation 5,519 - 5,519
34,662 1,314 35,976
6. SUPPORT COSTS
Governance
costs
£
Charitable activities 1,314

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

continued...

Page 8

UIG DEVELOPMENT TRUST SCIO

Notes to the Financial Statements - continued for the Year Ended 30 September 2025

8. STAFF COSTS

30.9.25

£
Wages and salaries
25,243
Other pension costs
760
26,003
The average monthly number of employees during the year was as follows:
30.9.25

Project officer
1
No employees received emoluments in excess of £60,000.
9.
COMPARATIVES WITH PREVIOUS YEAR FOR THE STATEMENT OF FINANCIAL
ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
-
53,231
Other trading activities
15,925
-
Investment income
725
-
Total
16,650
53,231
EXPENDITURE ON
Charitable activities
Charitable activities
5,517
25,912
Depreciation
340
5,179
Total
5,857
31,091
NET INCOME
10,793
22,140
Transfers between funds
6,178
(6,178)
Net movement in funds
16,971
15,962
RECONCILIATION OF FUNDS
Total funds brought forward
45,689
107,527
TOTAL FUNDS CARRIED FORWARD
62,660
123,489
30.9.24
£
20,720
664
21,384
30.9.24
1
Total
funds
£
53,231
15,925
725
69,881
31,429
5,519
36,948
32,933
-
32,933
153,216
186,149

continued...

Page 9

UIG DEVELOPMENT TRUST SCIO

Notes to the Financial Statements - continued for the Year Ended 30 September 2025

10. TANGIBLE FIXED ASSETS

Extension
Renewable
to
energy
Buildings
buildings
equipment
£
£
£
COST
At 1 October 2024 and
30 September 2025
70,691
16,778
49,332
DEPRECIATION
At 1 October 2024
7,245
11,745
17,267
Charge for year
1,034
1,678
2,466
At 30 September 2025
8,279
13,423
19,733
NET BOOK VALUE
At 30 September 2025
62,412
3,355
29,599
At 30 September 2024
63,446
5,033
32,065
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Payroll creditors
Accrued expenses
13.
MOVEMENT IN FUNDS
Net
At
movement
1.10.24
in funds
£
£
Unrestricted funds
General fund
62,660
14,029
Restricted funds
General fund
123,489
(31,885)
TOTAL FUNDS
186,149
(17,856)
Fixtures
and
fittings
£
3,396
1,698
340
2,038
1,358
1,698
30.9.25
£
27,568
30.9.25
£
-
753
753
Transfers
between
funds
£
(4,099)
4,099
-
Totals
£
140,197
37,955
5,518
43,473
96,724
102,242
30.9.24
£
-
30.9.24
£
2,426
967
3,393
At
30.9.25
£
72,590
95,703
168,293

continued...

Page 10

UIG DEVELOPMENT TRUST SCIO

Notes to the Financial Statements - continued for the Year Ended 30 September 2025

13. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 18,120 (4,091) 14,029
Restricted funds
General fund - (31,885) (31,885)
TOTAL FUNDS 18,120 (35,976) (17,856)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
General fund
TOTAL FUNDS
At
1.10.23
£
45,689
107,527
153,216
Net
movement
in funds
£
10,793
22,140
32,933
Transfers
between
funds
£
6,178
(6,178)
-
At
30.9.24
£
62,660
123,489
186,149

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 16,650 (5,857) 10,793
Restricted funds
General fund 53,231 (31,091) 22,140
TOTAL FUNDS 69,881 (36,948) 32,933

continued...

Page 11

UIG DEVELOPMENT TRUST SCIO

Notes to the Financial Statements - continued for the Year Ended 30 September 2025

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
General fund
TOTAL FUNDS
At
1.10.23
£
45,689
107,527
153,216
Net
movement
in funds
£
24,822
(9,745)
15,077
Transfers
between
funds
£
2,079
(2,079)
-
At
30.9.25
£
72,590
95,703
168,293

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 34,770 (9,948) 24,822
Restricted funds
General fund 53,231 (62,976) (9,745)
TOTAL FUNDS 88,001 (72,924) 15,077

Transfers between funds

The transfers between funds relate to a cash deficit in the Restricted General Fund.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2025.

Page 12

UIG DEVELOPMENT TRUST SCIO

Detailed Statement of Financial Activities Detailed Statement of Financial Activities Detailed Statement of Financial Activities
for the Year Ended 30 September 2025
30.9.25 30.9.24
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS
Other trading activities
Rental income 14,563 - 14,563 13,000
Tourist maps 530 - 530 320
Sheiling income 1,797 - 1,797 2,605
16,890 - 16,890 15,925
Investment income
Deposit account interest 1,230 - 1,230 725
Charitable activities
Grants - - - 53,231
Total incoming resources 18,120 - 18,120 69,881
EXPENDITURE
Charitable activities
Wages - 25,243 25,243 20,720
Pensions - 760 760 664
Telephone and internet - 469 469 411
Office costs 924 - 924 766
Subscriptions 270 - 270 90
Professional fees 600 - 600 4,221
Travel and subsistence 58 234 292 251
Room rental - - - 2,625
Sheiling running costs 585 - 585 559
Depreciation - buildings - 1,035 1,035 1,035
Depreciation - extension 340 1,337 1,677 1,677
Depreciation - equipment - 2,467 2,467 2,467
Depreciation - fixtures and fittings - 340 340 340
2,777 31,885 34,662 35,826
Support costs
Governance costs
Accountancy and legal fees 1,314 - 1,314 1,122
Total resources expended 4,091 31,885 35,976 36,948
Net income/(expenditure) 14,029 (31,885) (17,856) 32,933

This page does not form part of the statutory financial statements

Page 13