North West Mull Community Woodland Company Ltd
Latest income
£450k
Latest spending
£337k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves decreased by £139,546 to £984,514, while restricted reserves increased to £7,213,809, resulting in total net assets of £8,333,165. The trustees' report notes that general unrestricted funds are negative and that the reserves policy target of 12 months' uninterrupted services may not be achievable in the short to medium term. However, the directors and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Reserves position: below the charity's own stated policy
“General unrestricted funds are negative and a review of the allocation of the current and prior year allocations has been carried out. Negative funds are a result of historical general income being less than the general operating costs and expenditure on the projects of the company. During the current period of global economic uncertainty, the Company will continue to work towards this objective but recognises that this may not be achievable in the short term to medium term.” — page 6
Per FY2025 accounts as filed with OSCR.
Related-party transaction: NWMCW Trading Company Limited is a wholly owned subsidiary. NWMCWC is owed £45,396 by way of intercompany balance and £26,557 by way of a working capital loan. Management fees of £20,939 and leasing hire fees of £9,908 were charged.
“NWMCW Trading Company Limited is a wholly owned subsidiary of North West Mull Community Woodland Company (NWCWC) Limited. NWMCWC is owed £45,396 (2024: £24,936) by way of intercompany balance and £26,557 (2024: £26,795) by way of a working capital loan as at 31 July 2025 by NWMCW Trading Company Limited. NWMCWC charged NWMCW Trading Company Limited Management fees of £20,939 (2024: £19,439) and leasing hire fees of £9,908 (2024: £9,391) during the year.” — page 7
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Ardhu Power Limited is a wholly owned subsidiary. NWMCWC is owed £25,912 by way of intercompany balance. Distributions of £11,593 were paid from Ardhu Power to NWMCWC.
“NWMCW Trading Company Limited is a wholly owned subsidiary of North West Mull Community Woodland Company (NWCWC) Limited. NWMCWC is owed £45,396 (2024: £24,936) by way of intercompany balance and £26,557 (2024: £26,795) by way of a working capital loan as at 31 July 2025 by NWMCW Trading Company Limited. NWMCWC charged NWMCW Trading Company Limited Management fees of £20,939 (2024: £19,439) and leasing hire fees of £9,908 (2024: £9,391) during the year.” — page 7
Per FY2025 accounts as filed with OSCR.