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REGISTERED COMPANY NUMBER: SC395120 (Scotland)
REGISTERED CHARITY NUMBER: SC043952













EADHA ENTERPRISES

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






EADHA ENTERPRISES






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 16

EADHA ENTERPRISES (REGISTERED NUMBER: SC395120)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


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 March 2023. 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).

Vision
Eadha Enterprises' vision is to see a thriving Scotland with a rich natural environment with degraded lands restored to vibrant native forests providing not only a home to a rich biodiversity but also providing a range of materials and services to local communities, who sustainably and equitably manage these resources for their present and future needs.

OBJECTIVES AND ACTIVITIES
Objectives and aims
Charitable Purposes:
-The advancement of education
-The advancement of citizenship or community development
-The advancement of environmental protection or improvement

Charitable Objectives:
-Advance environmental protection and improvement through the propagation and planting of indigenous trees (particularly aspen) in a number of areas in Scotland
-To work towards the advancement of citizenship and community development through the creation of volunteering opportunities in a range of environmentally based activities from an initial base in Renfrewshire and North Ayrshire
-To work towards the relief of poverty through the development of community based initiatives to create green jobs and sustainable livelihoods in communities experiencing economic decline initially in Renfrewshire and North Ayrshire but eventually across Scotland
-To advance education through environmental awareness programs, training for green jobs and volunteering opportunities

Aims and Objectives of Charity:
To regenerate land and communities through engaging people in growing and planting aspen and other native trees leading to the conservation of aspen and other rare species. This will be enabled by:
-Promoting aspen and other rare native species as emerging species in the forestry sector which have value in a range of niche applications
-Facilitating communities to secure land for management or ownership
-Developing new community woodlands in particular on marginal sites to supply future resources, in partnership with communities, in particular those facing multiple deprivation
-Identifying opportunities for woodland based social enterprises including training and employment opportunities
-Delivering sustainable community regeneration to help release people from poverty
-Helping to bring about a new generation better informed about environmental and land issues


EADHA ENTERPRISES (REGISTERED NUMBER: SC395120)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


OBJECTIVES AND ACTIVITIES
Significant activities
Contribute to the conservation of rare native tree species such as aspen and increase the area of woodland habitat and in particular the component of such species on marginal ground. Increase the numbers of rare native species such as aspen. Do this by developing a commercial supply chain for aspen which will subsidise our charitable aims. Act as a catalyst to develop local interest and capacity in the management and ownership of local land and resources. Engage and consult communities and work with partners to develop community tree nurseries and community woodlands. Develop opportunities for volunteering in a range of environmentally based activities. Develop other commercial activities including consultancy and other woodland related services.

The activities will be delivered within communities and schools. The training will take place in school classrooms and out in the field. Eadha works in partnership with land owners, commercial organisations and third sector organisations. Eadha will procure land for nurseries, and assist other groups to procure land. The activities will be carried out by engaging with volunteers and the wider community to ensure participation. Eadha will create partnerships with community groups, schools and other organisations to develop partner tree nurseries and help them develop supply chains.

ACHIEVEMENT AND PERFORMANCE
Eadha has continued to grow its profile and scale up its work with a number of new projects launching over the last year. Its aspen work, which it is renowned for, has taken another step forward with an exciting new Triploid Aspen Strategy. A new funding stream from global rewilding charity Mossy Earth is enabling it to scale up its tree planting activities as well as supporting other conservation work through our Rewilding Woodlands project. A new project on Bute, The Quochag Wild Landscaping project is requiring the growing of a wild range of native wildflowers and trees expanding Eadha's breadth of work and expertise. It is also increasing its reach by working with new groups such as Groundforce, a group of ex-servicemen, at Eglinton Country Park.

Eadha continues to benefit from the help of volunteers with new people continually being added to the pool.

FINANCIAL REVIEW
Principal funding sources
Over the last year Eadha has been largely self-financing, obtaining the majority of its income from trading activities, namely the sale of products (trees) and services (consultancy, workshops etc.). Revenue generated by its trading subsidiary is transferred over to the charity under a gift aid arrangement.

Reserves policy and going concern
The Board of Trustees have reviewed the likely outcome for the next 12 months taking into account historic trends and performance since the balance sheet date. The trustees consider the charity to be a going concern as it is in a position to meet its financial liabilities as they fall due and will be able to do so for a period of at least 12 months from the date the financial statements are signed.

The company's unrestricted reserves at the year end 31 March 2023 was £49,232 (2022 - £24,605).

FUTURE PLANS
Eadha hopes to capitalise on its growing profile and track record and capitalise on the growing demand for tree planting and rewilding. It plans to undertake a recruitment drive for new volunteers to help increase capacity as well as reaching out to new potential partners through the health and social care sector to help expand its reach and increase its social impacts.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


EADHA ENTERPRISES (REGISTERED NUMBER: SC395120)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

Eadha Enterprises was established as a company limited by guarantee on 9th March 2011 governed by its Memorandum and Articles of Association. It was recognised as a Scottish charity with effect from 19th April 2013. The trustees represent the directors of the original company and were appointed on the establishment of the charity. They are jointly responsible for running the charity and managing its assets. Appointment and removal is in accordance with the Memorandum and Articles of Association.

Induction and training of new trustees
An induction process and regular communications inform and update both new trustees and existing trustees in respect of the organisation's legal status, constitutional status and other general information, in addition to a review of the activities within the organisation.

Key management remuneration
Key management personnel who are responsible for managing and controlling the charity are the trustees. Details of payments made to trustees for their services are detailed in note 10 to the financial statements.

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. The trustees review the risks affecting the charity at Board meetings and take appropriate action to mitigate any matters arising.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC395120 (Scotland)

Registered Charity number
SC043952

Registered office
Square House
Harvey Square
Lochwinnoch
Renfrewshire
PA12 4HE

Trustees
Mr P J Livingstone
Mr M E S Bailey
Mr J J Greenlees
Mr G A Murray
Miss E C Parsons


Approved by order of the Board of Trustees on 12 February 2024 and signed on its behalf by:





Mr P J Livingstone - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EADHA ENTERPRISES

I report on the accounts for the year ended 31 March 2023 set out on pages five to sixteen.

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.








Mark McRae CA
The Institute of Chartered Accountants of Scotland



12 February 2024

EADHA ENTERPRISES

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME FROM
Donations and legacies 3 13,137 - 13,137 50,252

Charitable activities 6
Charitable activities - 66,347 66,347 10,556

Other trading activities 4 10,547 - 10,547 4,552
Investment income 5 18 - 18 -
Total 23,702 66,347 90,049 65,360

EXPENDITURE ON
Direct charitable costs 7
Charitable activities 9,930 55,492 65,422 46,945

NET INCOME 13,772 10,855 24,627 18,415
Transfers between funds 19 10,855 (10,855 ) - -
Net movement in funds 24,627 - 24,627 18,415

RECONCILIATION OF FUNDS
Total funds brought forward 24,605 - 24,605 6,190

TOTAL FUNDS CARRIED FORWARD 49,232 - 49,232 24,605

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

EADHA ENTERPRISES (REGISTERED NUMBER: SC395120)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 13 21 28
Investments 14 1 1
22 29

CURRENT ASSETS
Debtors 15 37,488 38,346
Cash at bank and in hand 35,786 40,834
73,274 79,180

CREDITORS
Amounts falling due within one year 16 (24,064 ) (54,604 )

NET CURRENT ASSETS 49,210 24,576

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,232

24,605

NET ASSETS/(LIABILITIES) 49,232 24,605
FUNDS 19
Unrestricted funds 49,232 24,605
TOTAL FUNDS 49,232 24,605

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.


EADHA ENTERPRISES (REGISTERED NUMBER: SC395120)

BALANCE SHEET - continued
31 MARCH 2023

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 12 February 2024 and were signed on its behalf by:





Mr P J Livingstone - Trustee

EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Eadha Enterprises is a company limited by guarantee incorporated in Scotland. The registered office is Square House, Harvey Square, Lochwinnoch, Scotland, PA12 4HE.

2. 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', the Charities and Trustee Investment (Scotland) Act 2005 and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are presented in Sterling (£).

Preparation of consolidated financial statements
The financial statements contain information about Eadha Enterprises as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the trading subsidiary in the form of gift aid, is recognised when the charity has entitlement to the funds, 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.

Charitable activities
Costs of charitable activities are incurred on the charity's operations, including supports costs and costs relating to the governance of the charity apportioned to charitable activities.

Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not undertake charitable activities. Support costs consist of governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities.

Tangible fixed assets
Tangible fixed assets are included at cost less accumulated depreciation and impairment losses. Generally assets costing less than £250 are not capitalised.





EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value each asset over its estimated useful life.

Fixtures and equipment - 25% reducing balance

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of the value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds of the charity's funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are restricted in how they may be used by the Trustees.

Information and key sources of estimation uncertainty
The Trustees make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from related parties and investments.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.


EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Judgements
In the application of the charity's accounting policies, the Trustees consider on an annual basis the judgements that have been made when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The trustees consider there are no such significant judgements.

3. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 4,431 2,577
Donation from trading subsidiary 8,656 47,665
Membership fees 50 10
13,137 50,252

4. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Sale of goods 10,547 4,552

5. INVESTMENT INCOME
2023 2022
£    £   
Interest receivable 18 -

6. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Grants Charitable activities 66,347 10,556

Grants received, included in the above, are as follows:
2023 2022
£    £   
Coalfields to Wildwoods 12,370 8,610
Locherwood Rewilding Woodlands 6,071 554
Wardlaw Wood Enhancement (Dalry Parish) 3,930 -
Eglinton Plant Nursery 5,005 138
Triploid Aspen Strategy 10,000 -
Yearn Stane 13,746 1,254
Native Reforestation 15,225 -
66,347 10,556


EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 8) Totals
£    £    £   
Charitable activities 63,523 1,899 65,422

8. SUPPORT COSTS
Governance
costs
£   
Charitable activities 1,899

Support costs, included in the above, are as follows:
2023 2022
Charitable Total
activities activities
£    £   
Accountancy fees 1,899 1,560

9. NET INCOME/(EXPENDITURE)

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

2023 2022
£    £   
Depreciation - owned assets 7 9

10. TRUSTEES' REMUNERATION AND BENEFITS

As permitted by the charity's Memorandum of Association, a trustee, received remuneration in his capacity as Chief Executive Officer of £31,247 (2022 - £30,265). There were no additional trustees' remuneration or other benefits for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.



EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. STAFF COSTS
2023 2022
£    £   
Wages and salaries 34,153 28,403
Social security costs 3,529 2,848
Other pension costs - 938
37,682 32,189

The average monthly number of employees during the year was as follows:

2023 2022
Number of staff - management 1 1
Number of other staff 1 1
2 2

No employees received emoluments in excess of £60,000.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME FROM
Donations and legacies 50,252 - 50,252

Charitable activities
Charitable activities - 10,556 10,556

Other trading activities 4,552 - 4,552
Total 54,804 10,556 65,360

EXPENDITURE ON
Direct charitable costs
Charitable activities 31,776 15,169 46,945

NET INCOME/(EXPENDITURE) 23,028 (4,613 ) 18,415


RECONCILIATION OF FUNDS
Total funds brought forward 1,577 4,613 6,190

TOTAL FUNDS CARRIED FORWARD 24,605 - 24,605


EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

13. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 and 31 March 2023 674
DEPRECIATION
At 1 April 2022 646
Charge for year 7
At 31 March 2023 653
NET BOOK VALUE
At 31 March 2023 21
At 31 March 2022 28

14. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2022 and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Eadha Enterprises (Trading) Limited
Registered office: Square House, Harvey Square, Lochwinnoch, Renfrewshire, PA12 4HE.
Nature of business: Environmental Protection
%
Class of share: holding
Ordinary 100
31/3/23 31/3/22
£    £   
Aggregate capital and reserves 2 2
Profit for the year 8,656 47,666


EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,296 325
Other debtors 35,192 38,021
37,488 38,346

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 17) 10,855 663
Trade creditors 471 1,440
Social security and other taxes 5,864 5,464
Other creditors 2,422 2,134
Accruals and deferred income 4,452 44,903
24,064 54,604

17. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank overdrafts 10,855 663

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 21 - 21 28
Investments 1 - 1 1
Current assets 73,274 - 73,274 79,180
Current liabilities (24,064 ) - (24,064 ) (54,604 )
49,232 - 49,232 24,605


EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

19. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
£    £    £    £   
Unrestricted funds
General fund 24,605 13,772 10,855 49,232

Restricted funds
Restricted - 10,855 (10,855 ) -

TOTAL FUNDS 24,605 24,627 - 49,232

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,702 (9,930 ) 13,772

Restricted funds
Restricted 66,347 (55,492 ) 10,855

TOTAL FUNDS 90,049 (65,422 ) 24,627


Comparatives for movement in funds

Net
movement At
At 1/4/21 in funds 31/3/22
£    £    £   
Unrestricted funds
General fund 1,577 23,028 24,605

Restricted funds
Restricted 4,613 (4,613 ) -

TOTAL FUNDS 6,190 18,415 24,605

EADHA ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

19. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 54,804 (31,776 ) 23,028

Restricted funds
Restricted 10,556 (15,169 ) (4,613 )

TOTAL FUNDS 65,360 (46,945 ) 18,415

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution pension scheme, the assets of which are held in a separate fund. The amount paid in the year and charged to the Statement of Financial Activities amounted to £nil (2022 - £938). At the year end, there were no outstanding or prepaid contributions.

21. RELATED PARTY DISCLOSURES

During the year, the following transactions took place between the charity and its wholly owned subsidiary, Eadha Enterprises (Trading) Ltd:

The transfer under gift aid of the trading profits of Eadha Enterprises (Trading) Ltd to the charity of £8,656 (2022 - £47,665). Included in debtors is an amount due from the subsidiary of £35,191 (2022 - £37,282). This loan is interest free, unsecured and no repayments terms have been established.

As detailed in note 10, remuneration to key management personnel during the year amounted to £31,247 (2022 - £30,265).

22. ULTIMATE CONTROLLING PARTY

The trustees are the ultimate controlling party.

23. COMPANY LIMITED BY GUARANTEE

Eadha Enterprises is a company limited by guarantee in the terms of the Companies Act 2006. The liability of each member is limited to the sum of £1. In the event of the winding up or dissolution of the company, in terms of the Memorandum of Association, any surplus assets shall be transferred to some other charitable body or bodies having objects similar to the company.