IRIS Accounts Production v19.2.0.596 Other Company accounts True False Pounds 1.1.18 31.12.18 31.12.18 FY N L Macdonald N L Macdonald FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True True False True False False iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure SC173554 2017-12-31 SC173554 2018-12-31 SC173554 2018-01-01 2018-12-31 SC173554 2016-12-31 SC173554 2017-01-01 2017-12-31 SC173554 2017-12-31 SC173554 ns0:CharitableCompanyLimitedByGuarantee 2018-01-01 2018-12-31 SC173554 ns15:PoundSterling 2018-01-01 2018-12-31 SC173554 ns0:Trustee2 2018-01-01 2018-12-31 SC173554 ns11:FRS102 2018-01-01 2018-12-31 SC173554 ns11:IndependentExaminationCharity 2018-01-01 2018-12-31 SC173554 ns11:LargeMedium-sizedCompaniesRegimeForAccounts 2018-01-01 2018-12-31 SC173554 ns11:FullAccounts 2018-01-01 2018-12-31 SC173554 ns11:CharitiesSORP 2018-01-01 2018-12-31 SC173554 ns16:Scotland 2018-01-01 2018-12-31 SC173554 ns11:RegisteredOffice 2018-01-01 2018-12-31 SC173554 ns0:Trustee1 2018-01-01 2018-12-31 SC173554 ns0:Trustee3 2018-01-01 2018-12-31 SC173554 ns11:CompanySecretary1 2018-01-01 2018-12-31 SC173554 ns0:Activity10 2018-01-01 2018-12-31 SC173554 ns0:Activity10 2017-01-01 2017-12-31 SC173554 ns0:Activity11 2018-01-01 2018-12-31 SC173554 ns0:Activity11 2017-01-01 2017-12-31 SC173554 ns0:Activity12 2018-01-01 2018-12-31 SC173554 ns0:Activity12 2017-01-01 2017-12-31 SC173554 ns0:Activity13 2018-01-01 2018-12-31 SC173554 ns0:Activity13 2017-01-01 2017-12-31 SC173554 2 2018-01-01 2018-12-31 SC173554 ns10:WithinOneYear 2018-12-31 SC173554 ns10:WithinOneYear 2017-12-31
REGISTERED COMPANY NUMBER: SC173554 (Scotland)
REGISTERED CHARITY NUMBER: SC026202















Report of the Trustees and
Financial Statements for the Year Ended 31 December 2018
for
THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST

THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Contents of the Financial Statements
for the Year Ended 31 December 2018










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9


THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Report of the Trustees
for the Year Ended 31 December 2018
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 2018. 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 2015).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objects of the charity are to advance the education of the public in the history, production and properties of
Harris Tweed.

The charity aims to achieve these objectives by:-

- assisting financially by way of grant or loan in any other appropriate manner any person undertaking a course of study
relevant to the above project;

- contributing financially or otherwise to the establishment and maintenance of a Harris Tweed Centre designed to
educate the public in the history, production and properties of Harris Tweed.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The work and resources of the Educational Trust in 2016 and 2017 were realised in 2018 through the opening of the
Sgeulachd a Chlo Mhor (Story of Harris Tweed) room in Stornoway Town Hall. It has long been the aim of Trustees to
develop a facility, appropriate to and able to articulate the history and importance of the Harris Tweed industry. The
move of the Harris Tweed Authority office to Stornoway Town Hall, where a suitable room was available to lease as
part of the office suite, finally facilitated this long held aspiration.

Expenditure in 2018 was largely focused on finalising the design, interpretation and health and safety elements of the
room, in particular the two Harris Tweed looms. Significant planning, time and resource was required to initially get the
looms into the first floor of the building. This required a structural survey of the floor, hire of specialist equipment and
removing a large window from the listed building. Experienced weavers were then commissioned to rebuild and finely
tune the looms. A significant piece of work was completed in purchasing the audio hand-sets, preparing the script and
uploading it to the audio hand-sets in three languages. It is our intention to add to these languages each season in line
with demand from overseas visitors. In advance of this first season of public access to the room, we were unclear of
demand, footfall and average duration of visits. The Trust employed a part-time student and part-time weavers to
provide live interpretation and demonstration weaving. It is clear that the level of staffing will need to increase in future.

The trust funded an extension to the Harris Tweed Archivist project at Tasglann nan Eilean. It is of great comfort that all
of the HTA's archive material is now held securely within the purpose build archive at Lews Castle. We are pleased also
to learn that access to the archive is regularly requested by local history groups, students and press.

Recognising the value of introducing Harris Tweed cloth and its unique story to graduate designers, the Harris Tweed
Fabric bank which the Trust has funded and delivered for a number of years continued, albeit on a slightly reduced scale
as resources were largely diverted to the 'Story Room'

FINANCIAL REVIEW
Financial position
The Trust started the year with unrestricted reserves of £133,165. It received £2,413 in donations and exhibition
admission fees in the year as well as £10,000 from Harris Tweed Authority in relation to the archivist project. It has
spent £108,452 on its charitable objectives, primarily the exhibition room, resulting in net unrestricted reserves at the
year end of £37,126.

Reserves policy
As charitable expenditure will always be restricted by available funds, the charity has not formulated a detailed reserves
policy . Formulating the policy will be on the agenda for the trustees over the next 12 months.


THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Report of the Trustees
for the Year Ended 31 December 2018
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The trust is a charitable company limited by guarantee, incorporated on 18 March 1997. 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 purposes of charity law. Under the terms of the articles of
association the directors are known as members.

The members are appointed at the Annual General Meeting under the terms of the Memorandum and Articles of
Association. One third of the directors retire at each Annual General Meeting.

There must be a minimum of two members of the company at any time. Membership shall consist of only Nominated
Members, being individuals, institutions and organisations who support the objects of the Company and whom the Board
shall deem appropriate to be represented amongst the membership of the company and shall so nominate for
representation.

Subject to their indicating acceptance of membership all members of the Harris Tweed Authority during their period of
membership of that Authority shall be Nominated Members of the Company.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC173554 (Scotland)

Registered Charity number
SC026202

Registered office
Town Hall
Cromwell Street
Stornoway
Isle of Lewis
HS1 2DB

Trustees
C Stewart Director
N L Macdonald Director
A Macleod Director

Company Secretary
L MacAulay

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

Approved by order of the board of trustees on 1 March 2019 and signed on its behalf by:



N L Macdonald - Trustee

Independent Examiner's Report to the Trustees of
The Harris Tweed Authority Educational
Trust
I report on the accounts for the year ended 31 December 2018 set out on pages four to nine.

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 (as amended). 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 the course of 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
Institute of Chartered Accountants in England and Wales
Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF


1 March 2019

THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Statement of Financial Activities
for the Year Ended 31 December 2018
31.12.18 31.12.17

Unrestricted
fund
Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 12,413 234
Total 12,413 234

EXPENDITURE ON
Charitable activities
Hattersley rescue & restoration 1,505 800
Promotion 135 -
Education 97,373 6,912
Harris Tweed App development - 3,303
Fabric bank 1,439 700
Archivist 8,000 1,000
Total 108,452 12,715
NET INCOME/(EXPENDITURE) (96,039 ) (12,481 )
RECONCILIATION OF FUNDS

Total funds brought forward 133,165 145,646
TOTAL FUNDS CARRIED FORWARD 37,126 133,165

THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Balance Sheet
At 31 December 2018
31.12.18 31.12.17

Unrestricted
fund
Total
funds
Notes £    £   

CURRENT ASSETS
Debtors 4 - 10,000
Cash at bank 37,126 123,165
37,126 133,165
NET CURRENT ASSETS 37,126 133,165
TOTAL ASSETS LESS CURRENT
LIABILITIES


37,126

133,165
NET ASSETS 37,126 133,165
FUNDS 5
Unrestricted funds 37,126 133,165
TOTAL FUNDS 37,126 133,165
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended
31 December 2018 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 special provisions of Part 15 of the Companies
Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 1 March 2019 and were signed on its behalf by:




N L Macdonald - Trustee

THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Notes to the Financial Statements
for the Year Ended 31 December 2018
1. ACCOUNTING POLICIES

General information and basis of preparation
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 2015)',
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 have been prepared in accordance with applicable charity and company law.

Harris Tweed Authority Educational Trust is a charity, comprised of a company limited by guarantee registered
in Scotland . In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1
per member of the charity. The address of the registered office is given in the charity information on page 5 of
these financial statements. The nature of the charity's operations and principal activities are as set out on page 1
of these financial statements.

The financial statements are prepared on a going concern basis. There are no material uncertainties affecting the
charity's going concern status.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to
the nearest £1.

Financial reporting standard 102 - reduced disclosure exemptions
The charity 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.

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.


THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 December 2018
2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2018 nor for the year
ended 31 December 2017 .

Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2018 nor for the year ended
31 December 2017 .

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 234
Total 234

EXPENDITURE ON
Charitable activities
Hattersley rescue & restoration 800
Education 6,912
Harris Tweed App development 3,303
Fabric bank 700
Archivist 1,000
Total 12,715
NET INCOME/(EXPENDITURE) (12,481 )
RECONCILIATION OF FUNDS

Total funds brought forward 145,646
TOTAL FUNDS CARRIED FORWARD 133,165

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18 31.12.17
£    £   
Amounts owed by group undertakings - 10,000


THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 December 2018
5. MOVEMENT IN FUNDS



At 1.1.18
Net movement
in funds

At 31.12.18
£    £    £   
Unrestricted funds
General fund 133,165 (96,039 ) 37,126

TOTAL FUNDS 133,165 (96,039 ) 37,126

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

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 12,413 (108,452 ) (96,039 )

TOTAL FUNDS 12,413 (108,452 ) (96,039 )


Comparatives for movement in funds


At 1.1.17
Net movement
in funds

At 31.12.17
£    £    £   

Unrestricted Funds
General fund 145,646 (12,481 ) 133,165

TOTAL FUNDS 145,646 (12,481 ) 133,165
Comparative net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 234 (12,715 ) (12,481 )

TOTAL FUNDS 234 (12,715 ) (12,481 )

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



At 1.1.17
Net movement
in funds

At 31.12.18
£    £    £   
Unrestricted funds
General fund 145,646 (108,520 ) 37,126
TOTAL FUNDS 145,646 (108,520 ) 37,126


THE HARRIS TWEED AUTHORITY EDUCATIONAL
TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 December 2018
5. MOVEMENT IN FUNDS - continued


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

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 12,647 (121,167 ) (108,520 )
TOTAL FUNDS 12,647 (121,167 ) (108,520 )
6. RELATED PARTY DISCLOSURES

During the year Harris Tweed Authority Educational Trust paid £5,259 to Harris Tweed Authority in relation to
the the running of the exhibition room. Harris Tweed Authority paid £10,000 to Harris Tweed Authority
Educational Trust in relation to the archivist project and the exhibition room.