REGISTERED COMPANY NUMBER: SC271462 (Scotland)

REGISTERED CHARITY NUMBER: 044637

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

WESTERN ISLES DEVELOPMENT TRUST

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

Notes to the Financial Statements

9

to

14

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 August 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 main objectives of the charity are:

- the prevention or relief of poverty in the Western Isles (the "Western Isles Community") including, without limitation, the provision of support and grants to organisations and individuals working to prevent or relieve poverty including through energy efficient schemes and:

- the advancement of education including, without limitation, the provision, maintenance and improvement of educational facilities and raising awareness in relation to energy and energy-related issues that are driving global, national and local change;

- the advancement of environmental protection or improvement, including, without limitation, supporting a forward-looking environmental enhancement approach and the provision, maintenance and improvement of environmental facilities;

- the advancement of citizenship and community development including, without limitation, urban or rural regeneration, maintenance and improvement of the physical and social infrastructure within the environs of the Western Isles, including supporting the aspirations of local communities and the provision, maintenance and improvement of recreational facilities;

- the advancement of the arts, heritage, culture or science including, without limitation, the provision, maintenance and improvement of recreational and cultural facilities and raising awareness of the Gaelic language; and

- animal welfare.

Grantmaking

Grants awarded to:

Amount - £

Macaulay College

10000.00

Lochside Arena

5000.00

North Uist Development Company

9833.00

(HHP project)

10000.00

Stoneybridge Hall (resilience centre)

1000.00

Castlebay & Vatersay Community Council

5000.00

Comann Spors a'Chinn a Deas

4140.00

Comunn Eachdraidh Eirisgeidh

8700.00

53673.00

Youth Summer Activities Fund 2025

Feis Fir a Mhurain

600.00

Dainnsairean Mairi

500.00

Iomairt Uibhist a Tuath

600.00

The Shed Project

1000.00

Barra Youth Café

500.00

Barra & Vatersay Junior sports Club

500.00

North Lochs Community Association SCIO

500.00

Feir Tir an Eorna

500.00

Barra Childrens Centre

640.00

Lewis & Harris Youth Council

500.00

Sgoil an Iochdair Parent Council

500.00

Isle of Barra & Vatersay Science Festival

500.00

Taigh Chearsabhagh Trust

500.00

Harris Voluntary Services

990.00

Barra Clay Pigeon Club

500.00

Dochas Dancers

500.00

Stornoway Free Church of Scotland

500.00

Barra & Vatersay Dance Festival

400.00

CnAG - Iomairt na Hearadh

500.00

An Lanntair

500.00

MCR Pathways

400.00

CnAG - Katie Macdonald

350.00

Lochs Agricultural Society

500.00

Taigh Sgire Sholais

350.00

Lochmaddy & Trumisgarry Social & Welfare Committee

1000.00

13830.00

Small Projects Fund September 2024

The North Harris Trust

1500.00

Sgoil an Iochdair Parent Council

600.00

Harris Community Wheels

1000.00

Lewis & Harris Youth Football Association

1000.00

Guth Airson Iarrtasan (GAIN)

1500.00

Arnoil

700.00

Scottish Crofting Federation

1000.00

Claire Mairi Davidson

1000.00

Stornoway Running & Athletics Club

1500.00

Lewis & Harris Harriers

750.00

Seann Eolaich

500.00

Western Isles Association for Mental Health (WIAMH)

1000.00

Point Youth Club

1000.00

Lewis Camanachd

500.00

Dannsairean Mairi

750.00

Cabraich Mairi

750.00

Feis Tir an Eorna

1000.00

Lewis Pipe Band

1000.00

Western Isles Duke of Edinburgh Committee

1500.00

Barra Childrens Centre

750.00

Southend Football & Community Fund

1000.00

Lochside Arena

750.00

Taigh Sgire Sholais

1500.00

Torman

1260.00

23810.00

Total

91313.00

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The purpose of the Trust is to support the regeneration and development of the Outer Hebrides through disbursement of community benefit secured from the local deployment of renewable energy installations. This community benefit will come from a range of technologies, predominately onshore wind, offshore wind, wave and tidal. Over time and as grid connectivity allows, the Trust will expand its activities to support community ownership of large scale renewable energy infrastructure with the objective of addressing fuel poverty through access to locally generated "green" electricity.

FINANCIAL REVIEW

Principal funding sources

WIDT was established as a body to secure funding from renewable energy projects and to use these funds to support community organisations in the area.

Reserves policy

The general fund represents the unrestricted funds from past operating results. It also represents the free reserves of the charity. The trustees consider that the level of the free reserves in unrestricted funds at 31 August 2024 is sufficient to meet the operational requirements of the charity as presently structured.

During the year, the charity's outgoing resources exceeded incoming resources resulting in net expenditure of £10,464 for the period (2024 - net expenditure of £31,454). This results in an increase of £20 in unrestricted funds and a decrease of £10,484 in restricted funds. Unrestricted reserves has as a result increased to £384.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Association is a charitable company limited by guarantee, incorporated on 2 August 2004 and registered as a charity with effect from 11 February 2014. 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.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law.

Under the terms of the Memorandum and Articles of Association, unless otherwise determined by ordinary resolution of the company, the number of directors shall not be more than 20 and not less than 7. Where there are only 7 directors appointed, 2 of those 7 directors must be elected directors.

The nominated members shall be entitled to appoint up to a maximum of 12 people to be directors of the company.

The ordinary members shall be entitled to appoint 8 directors of the company and, unless otherwise determined by the directors:-

- two directors appointed by the ordinary members shall, in the case of an individual, be ordinarily resident in Barra or, in the case of a corporate body, shall have a presence in Barra, and:

- two directors appointed by the ordinary members shall, in the case of an individual, be ordinarily resident in Harris or, in the case of a corporate body, shall have a presence in Harris, and:

- two directors appointed by the ordinary members shall, in the case of an individual, be ordinarily resident in Lewis or, in the case of a corporate body, shall have a presence in Lewis, and:

- two directors appointed by the ordinary members shall, in the case of an individual, be ordinarily resident in Uist or, in the case of a body corporate, shall have a presence in Uist.

Subject to Article 23, each elected director shall serve for a maximum period of three years from the date of appointment as a director. At the end of this period, that elected director shall immediately resign but shall be eligible for re-appointment for subsequent periods of up to three years.

Organisational structure

The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The board members are heavily involved in the day to day operations of the charity.

Induction and training of new trustees

The charity will train trustees as necessary to ensure awareness and understanding of:-

- the responsibilities of directors;

- the organisational structure of the charity;

- the financial position of the charity; and

- the future plans and objectives of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC271462 (Scotland)

Registered Charity number

044637

Registered office

c/o Council Offices

Sandwick Road

Stornoway

Isle of Lewis

HS1 2BW

Trustees

K F Morrison (appointed 19.9.25)

Ms R J H Mackay (appointed 5.11.25)

D Morrison Chair

K Macleod Vice chair

I M Maciver

N Macdonald

A D Muir

C J Mackay

M J W Logan (resigned 5.11.25)

Ms K M MacCormick (resigned 13.8.25)

Mrs M J Stewart

Ms C A Denehy

Ms E McAtear

Mrs C Murray

K M Macleod

A Ross

Ms A Murray

F J Maclennan (resigned 26.5.25)

I M Macleod

Mrs K A Macleod

Independent Examiner

John E Moffat BA FCA

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

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 May 2026 and signed on its behalf by:

D Morrison - Trustee

I report on the accounts for the year ended 31 August 2025 set out on pages seven to fourteen.

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.

John E Moffat BA FCA

The Institute of Chartered Accountants in England and Wales

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

25 August 2026

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

20

84,384

84,404

71,852

Investment income

3

-

334

334

333

Total

20

84,718

84,738

72,185

EXPENDITURE ON

Charitable activities

4

Charitable Activities

-

95,202

95,202

103,639

NET INCOME/(EXPENDITURE)

20

(10,484

)

(10,464

)

(31,454

)

RECONCILIATION OF FUNDS

Total funds brought forward

364

74,909

75,273

106,727

TOTAL FUNDS CARRIED FORWARD

384

64,425

64,809

75,273

31.8.25

31.8.24

Notes

£

£

CURRENT ASSETS

Debtors

10

28,912

29,898

Cash at bank

39,633

48,019

68,545

77,917

CREDITORS

Amounts falling due within one year

11

(3,736

)

(2,644

)

NET CURRENT ASSETS

64,809

75,273

TOTAL ASSETS LESS CURRENT LIABILITIES

64,809

75,273

NET ASSETS

64,809

75,273

FUNDS

13

Unrestricted funds

384

364

Restricted funds

64,425

74,909

TOTAL FUNDS

64,809

75,273

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 27 May 2026 and were signed on its behalf by:

D Morrison - Trustee

K Macleod - 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.

The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees also consider that there are no significant areas of judgements, estimates or key assumptions that affect items in the accounts.

Financial Reporting Standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, 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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage.

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.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	DONATIONS AND LEGACIES

31.8.25

31.8.24

£

£

Donations

84,384

71,832

Subscriptions

20

20

84,404

71,852

3.	INVESTMENT INCOME

31.8.25

31.8.24

£

£

Interest receivable

334

333

All investment income arises from assets held within the UK.

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

Direct

(see note

costs (see

Costs

5)

note 6)

Totals

£

£

£

£

Charitable Activities

2,797

91,313

1,092

95,202

5.	GRANTS PAYABLE

31.8.25

31.8.24

£

£

Charitable Activities

91,313

100,003

6.	SUPPORT COSTS

Governance

costs

£

Charitable Activities

1,092

Support costs, included in the above, are as follows:

31.8.25

31.8.24

Charitable

Total

Activities

activities

£

£

Accountancy and legal fees

1,092

1,044

7.

OTHER

31.8.25

31.8.24

£

£

Support costs

1,092

1,044

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

20

71,832

71,852

Investment income

-

333

333

Total

20

72,165

72,185

EXPENDITURE ON

Charitable activities

Charitable Activities

-

103,639

103,639

NET INCOME/(EXPENDITURE)

20

(31,474

)

(31,454

)

RECONCILIATION OF FUNDS

Total funds brought forward

344

106,383

106,727

TOTAL FUNDS CARRIED FORWARD

364

74,909

75,273

10.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Loans receivable

1,250

1,250

Prepayments and accrued income

1,374

1,110

2,624

2,360

Amounts falling due after more than one year:

Loans receivable

26,288

27,538

Aggregate amounts

28,912

29,898

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

1,044

-

Other creditors

1,500

1,500

Accrued expenses

1,192

1,144

3,736

2,644

12.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

£

£

£

£

Current assets

1,865

66,680

68,545

77,917

Current liabilities

(1,481

)

(2,255

)

(3,736

)

(2,644

)

384

64,425

64,809

75,273

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

364

20

384

Restricted funds

Restricted fund

74,909

(10,484

)

64,425

TOTAL FUNDS

75,273

(10,464

)

64,809

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

20

-

20

Restricted funds

Restricted fund

84,718

(95,202

)

(10,484

)

TOTAL FUNDS

84,738

(95,202

)

(10,464

)

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted fund

344

20

364

Restricted funds

Restricted fund

106,383

(31,474

)

74,909

TOTAL FUNDS

106,727

(31,454

)

75,273

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

20

-

20

Restricted funds

Restricted fund

72,165

(103,639

)

(31,474

)

TOTAL FUNDS

72,185

(103,639

)

(31,454

)

FUNDS

General fund

The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.

Restricted fund

This represents community benefit funds secured from the local deployment of renewable energy installations. The funds will be utilised to support the regeneration and development of the Outer Hebrides.