REGISTERED COMPANY NUMBER: SC293116 (Scotland)

REGISTERED CHARITY NUMBER: SC036956

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2024

for

WESTERN ISLES TRANSPORT PRESERVATION

GROUP

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

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. 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 company's objectives and principal activities are:

a. To promote for the benefit of the inhabitants of the Western Isles the preservation, conservation and understanding of the air, marine and road transport tradition and heritage of the Western Isles of Scotland

b. To enhance the learning, teaching and appreciation of marine and road transport in relation to traditional and contemporary island society and culture

c. To encourage young people and those of limited means to have a greater knowledge of the isles and their marine and road transport traditions and associated skills

d. To encourage, to such extent as may be charitable, the improvement of the economic and social welfare of the islands which support these aims.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The winter social evenings continued, with very engaging speakers, topics and questioning. The evenings were well regarded and feedback was extremely positive. The events also brought in critical funding over the course of the period, which helped to offset significant increases in our costs, particularly electricity.

The committee also moved forward with practical activities, which included:

· Continued development of the museum facilities for member benefit

· Continued building upgrades and maintenance, including removal of corroding profile sheeting on a section of the building and replace with new

The leasing of vehicle rental space and recycling of scrap metal has been our main source of income during this time and we have reconfigured the museum to enable more spaces to become available. We were fortunate that the available vehicle storage space was full during the period.

Our monthly committee meetings continued to be held via ZOOM and other necessary communications were carried out using our WhatsApp group. The group's Facebook page was also used to answer any queries from our members.

We set up a digital Direct Debit payment option for our membership to enable easier and more reliable payment.

As we move into 2025, we are in the process of continuing to grow our membership, seek additional grant income and further enhance and develop the museum facility.

FINANCIAL REVIEW

Reserves policy

The directors aim to build and maintain free financial reserves to enable the company to continue to achieve its objectives and activities. Free financial reserves are those funds which are not tied up in fixed assets or designated and restricted funds.

The trustees continually monitor the position of the unrestricted general fund with regard to potential deficit, which is primarily caused by significant energy price volatility, primarily linked to international tensions and the Ukraine war. In addition, the ongoing building renovation programs requires further sums to completion.

The trustees have taken the following specific action over the past year:

- Scrap metal and refurbished vehicle spares are sold by the trustees and bring in steady income.

- Sections of the building are available for rent to individuals and groups to use the space to store or refurbish there vehicles, caravans, boats and tractors.

- A meeting / conference room is now available for bookings.

- Building insurance policy continue to be renewed at an affordable level.

- A fixed price electricity contract has now been secured and will help to keep to control electricity price expenditure and volatility.

The trustees are very conscious of the deficit balance on the unrestricted fund and have a monthly payment plan in place with EDF, relating to all heat and lighting costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company, limited by guarantee, as defined by the Companies Act 2006. It was incorporated on 14 November 2005 and is recognised as a Scottish charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Directors are appointed at the company's annual general meeting. There is no barrier to any person who is a member becoming a director of the company.

All directors retire at the company's annual general meeting. At subsequent annual general meetings one third of the directors and all directors appointed since the previous annual general meeting shall retire, but shall be eligible for re-election.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC293116 (Scotland)

Registered Charity number

SC036956

Registered office

Unit 2 Marybank Industrial Estate

Marybank

Isle Of Lewis

Western Isles

HS2 0DB

Trustees

N Graham Director

C N MacLeod Director

Company Secretary

C S Maclennan

Independent Examiner

A Cumming

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

Committee members

The following individuals are trustees of the charity but have not been appointed as directors at The Registrar of Companies:

John A Macleod

Malcolm Macleod

Murdo John Mackay

Website

www.witpg.org.uk

Approved by order of the board of trustees on 17 September 2025 and signed on its behalf by:

C S Maclennan - Secretary

I report on the accounts for the year ended 31 December 2024 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

The Institute of Chartered Accountants of Scotland

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

17 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

109

-

109

229

Other trading activities

3

7,021

1

7,022

6,644

Total

7,130

1

7,131

6,873

EXPENDITURE ON

Charitable activities

Charitable activities

6,216

291

6,507

13,514

Depreciation

-

4,262

4,262

4,348

Total

6,216

4,553

10,769

17,862

NET INCOME/(EXPENDITURE)

914

(4,552

)

(3,638

)

(10,989

)

RECONCILIATION OF FUNDS

Total funds brought forward

(3,462

)

115,599

112,137

123,126

TOTAL FUNDS CARRIED FORWARD

(2,548

)

111,047

108,499

112,137

31.12.24

31.12.23

Notes

£

£

FIXED ASSETS

Tangible assets

7

113,390

117,652

CURRENT ASSETS

Cash at bank

1,164

1,594

CREDITORS

Amounts falling due within one year

8

(6,055

)

(7,109

)

NET CURRENT ASSETS

(4,891

)

(5,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,499

112,137

NET ASSETS

108,499

112,137

FUNDS

10

Unrestricted funds

(2,548

)

(3,462

)

Restricted funds

111,047

115,599

TOTAL FUNDS

108,499

112,137

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 September 2025 and were signed on its behalf by:

N Graham - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

Freehold property

-

2% depreciation on cost

Property Improvements

-

20% depreciation on cost

Equipment

-

20% on reducing balance

Motor vehicles

-

25% depreciation on reducing balance

Taxation

The charity is exempt from corporation 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.

2.	DONATIONS AND LEGACIES

31.12.24

31.12.23

£

£

Membership

109

229

3.	OTHER TRADING ACTIVITIES

31.12.24

31.12.23

£

£

Fundraising and event income

7,020

6,648

Sale of merchandise and scrap

2

(288

)

Door receipts

-

284

7,022

6,644

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24

31.12.23

£

£

Depreciation - owned assets

4,262

4,347

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

229

-

229

Other trading activities

6,644

-

6,644

Total

6,873

-

6,873

EXPENDITURE ON

Charitable activities

Charitable activities

13,514

-

13,514

Depreciation

28

4,320

4,348

Total

13,542

4,320

17,862

NET INCOME/(EXPENDITURE)

(6,669

)

(4,320

)

(10,989

)

RECONCILIATION OF FUNDS

Total funds brought forward

3,207

119,919

123,126

TOTAL FUNDS CARRIED FORWARD

(3,462

)

115,599

112,137

7.	TANGIBLE FIXED ASSETS

Freehold

Property

Motor

property

Improvements

Equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024 and 31 December 2024

152,343

36,093

26,364

7,006

221,806

DEPRECIATION

At 1 January 2024

39,000

32,957

25,191

7,006

104,154

Charge for year

3,000

939

323

-

4,262

At 31 December 2024

42,000

33,896

25,514

7,006

108,416

NET BOOK VALUE

At 31 December 2024

110,343

2,197

850

-

113,390

At 31 December 2023

113,343

3,136

1,173

-

117,652

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

3,864

5,102

Credit card

1,537

1,353

Accrued expenses

654

654

6,055

7,109

9.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

£

£

£

£

Fixed assets

2,343

111,047

113,390

117,652

Current assets

1,164

-

1,164

1,594

Current liabilities

(6,055

)

-

(6,055

)

(7,109

)

(2,548

)

111,047

108,499

112,137

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General Fund

(3,462

)

914

(2,548

)

Restricted funds

Capital Grant Fund

-

(88

)

(88

)

Equipment Fund

1,173

(235

)

938

Building Fund

114,426

(4,229

)

110,197

115,599

(4,552

)

111,047

TOTAL FUNDS

112,137

(3,638

)

108,499

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General Fund

7,130

(6,216

)

914

Restricted funds

Capital Grant Fund

-

(88

)

(88

)

Equipment Fund

-

(235

)

(235

)

Building Fund

1

(4,230

)

(4,229

)

1

(4,553

)

(4,552

)

TOTAL FUNDS

7,131

(10,769

)

(3,638

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General Fund

3,207

(6,669

)

(3,462

)

Restricted funds

Capital Grant Fund

88

(88

)

-

Equipment Fund

1,466

(293

)

1,173

Building Fund

118,365

(3,939

)

114,426

119,919

(4,320

)

115,599

TOTAL FUNDS

123,126

(10,989

)

112,137

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General Fund

6,873

(13,542

)

(6,669

)

Restricted funds

Capital Grant Fund

-

(88

)

(88

)

Equipment Fund

-

(293

)

(293

)

Building Fund

-

(3,939

)

(3,939

)

-

(4,320

)

(4,320

)

TOTAL FUNDS

6,873

(17,862

)

(10,989

)

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

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General Fund

3,207

(5,755

)

(2,548

)

Restricted funds

Capital Grant Fund

88

(176

)

(88

)

Equipment Fund

1,466

(528

)

938

Building Fund

118,365

(8,168

)

110,197

119,919

(8,872

)

111,047

TOTAL FUNDS

123,126

(14,627

)

108,499

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

14,003

(19,758

)

(5,755

)

Restricted funds

Capital Grant Fund

-

(176

)

(176

)

Equipment Fund

-

(528

)

(528

)

Building Fund

1

(8,169

)

(8,168

)

1

(8,873

)

(8,872

)

TOTAL FUNDS

14,004

(28,631

)

(14,627

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.