**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 - Uig Walking Map- In excess of 500 maps sold this year and £530 income earned. UDT continues to look for ways to promote responsible outdoor access. - Sheiling Project- The shieling continues to be rented out for overnight stays. The income generated from this is over £1,000 for the general unrestricted fund. Reviews have generally been very positive, and improvements have been made to the shieling. - Uig Development Trust was awarded 80% grant funding from the CARES Community Buildings Fund for the replacement of the two wind turbines at the Uig Community Shop. ## **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 I"IG DEI.'ELf)PllENT TRL"ST S( In K•porf oftbt'l'r#9f¢ts tor tbe ) eAr Ended 30 20*4 Prln41p*l Aildr¢s¥ t.0 L OTnmunin 5knp l%1¢ oi Lev+ is R5: 9JD Chalr S Ill¢nby l DaLÉid Treasurer SKr¢w>" lippoÉniA I I.1= I&PPiirnitd l 1 1 141 IttSiEr.Ixi JI 1 *4 41 S II'IIMM Ire&¢or*J l.l.-- Indtptndetti Ei*mla¢r -4 (Lu￿￿1E1g {'_4 Ihriii JLK141 Lld -6 Lc44'iJ Str ST.4TF.IIF.%I ()F TRI-4TF.F.S' lIF.%1￿1%1BILt[jES The trktstetA arc rL'44)ttsiblc pre4aring Iht Rewit ol tb¢ [r￿e¢s. dnd the firtlneirtl 5101emtillS ltt ttC¢oTd￿ce ￿11 Appl*ratTlt law, &ttd l.nittd Kirwdiiml .1¢￿i)Im11t￿E SilltJdRrth (LnitEd Kin4d(￿Tr ￿leT￿lI) .4cccwLpd Pr&XiLei. Chority require% tbt trpA4we* ITr finar￿￿41 fpr ¢a¢h linthn¢t81 ye¥. Lir5der tho law. thr ￿￿51¢¢5 14Lxl¢d 10 prcpiite th¢ illlrtntial xtdttments Jn *CQTdao¥e M.Iih I nned K%n8&)m Cj¢neTrlly A¢etpttd Att(nmiin PrAoi* Il'Ji&4 kinCd￿n A¢cc)iiniiiw %thuidards and 3PPJiiBbk lawl. L"nder khAriy IAW Ihe rn51rts nLiI Wn)l¢ the iinonciAI 4tst¢rnerrts unlt51 th¢y ort £uti4f& That lh￿ gfi't a tn A￿j fxir th¢ 4)f ilw chirlts ofthe in£oinin8 rr%outt¢y 11￿ applscatitrn of f¢p￿rge% in¢lL￿ling INome ¢MKnditut¢, of th¢ Jwits f£5r Ih]ll 5ruioth l# prrwing the in￿r¢￿ 4 r¢411ir¢d IÉ? hdrci IiiitsbleAEtrimiittg ther arpli Lonsis*rrtl.¥': b%tne the mdhLth unJ lh¢ (Thariiiei %l)RP. moke JUX￿¢￿cnty cJtimaEes ihai ate reisnn&ble pryd•ii, Pttpart the tin1￿Ck￿l SI￿rmLS￿ls the 4)nrem bajis wJl¢55 ét i5 Injbyropriwe 10 wesume that th¢ chjdy. ￿,111 sn T3￿ zry5te¢J art re$F￿n%￿le fe.r kttpiii¥ pNiper ￿<4￿￿5 w'hi¥h &'s¢lLxe *ith t¢&wn2bl¢ al #ny lime th¢ rttiaEl¥tdl (Il, th¢ ththrtt) Artd io ¢t￿bIrthern to t&aE tht rt*an¢t•l eompl) Mith th¢ Chertlts 4rh4 TrLwee Ini'eftm2n: i&otl&Dd1 :fNI4 wjd thr Chariijo .4¢kL)ullLs Ikodandi lit8lllatt0￿s J(16 Amendoj). Tb¢h WTC olxi r¢Jpwsiblt 4fcgull￿È1￿￿ the as￿.5 of the ch￿ty. and he.ryre tor wkin8 reaAonuble liiT the preitllTiINI And 41etKij•n Trf fraud 14Ji¢r itt¢¥ulariiie3. ApprO￿tAl ￿. rtd¢r ofthe knArd ol. Irt<tS 4m:b %4Hrrh And 5ignd on its brFoit'b>'" V Ct ￿.￿nIaN - TTU* ## **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 : - (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. 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 BAl*M¢¢ 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