IRIS Accounts Productionv23.4.0.336OtherCompany accountsTruefalsePounds1.5.2230.4.2330.4.23FYFRS 102Independent examinerLarge and medium-sized companies regime for accountsFullCharities SORPtruetruetruetruetruefalsetruefalsefalse00 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2186602022-04-30SC2186602023-04-30SC2186602022-05-012023-04-30SC2186602021-04-30SC2186602021-05-012022-04-30SC2186602022-04-30SC218660ns0:CharitableCompanyLimitedByGuarantee2022-05-012023-04-30SC218660ns15:PoundSterling2022-05-012023-04-30SC218660ns11:FRS1022022-05-012023-04-30SC218660ns11:IndependentExaminationCharity2022-05-012023-04-30SC218660ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-05-012023-04-30SC218660ns11:FullAccounts2022-05-012023-04-30SC218660ns11:CharitiesSORP2022-05-012023-04-30SC218660ns16:EnglandWales2022-05-012023-04-30SC218660ns11:RegisteredOffice2022-05-012023-04-30SC218660ns0:Trustee12022-05-012023-04-30SC218660ns0:Trustee22022-05-012023-04-30SC218660ns0:Trustee32022-05-012023-04-30SC218660ns0:Trustee42022-05-012023-04-30SC218660ns11:MainIndustrySectorHeading2022-05-012023-04-30SC218660ns0:TotalUnrestrictedFundsns11:MainIndustrySectorHeading2022-05-012023-04-30SC218660ns11:MainIndustrySectorHeadingns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC218660ns11:MainIndustrySectorHeading2021-05-012022-04-30SC218660ns0:TotalUnrestrictedFunds2022-05-012023-04-30SC218660ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC218660ns0:TotalUnrestrictedFunds2022-04-30SC218660ns0:TotalRestrictedIncomeFunds2022-04-30SC218660ns0:TotalUnrestrictedFunds2023-04-30SC218660ns0:TotalRestrictedIncomeFunds2023-04-30SC218660ns10:WithinOneYear2023-04-30SC218660ns10:WithinOneYear2022-04-30SC218660ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-05-012023-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-05-012023-04-30SC218660ns10:PlantMachinery2022-05-012023-04-30SC218660ns10:FurnitureFittingsToolsEquipment2022-05-012023-04-30SC218660ns10:ComputerEquipment2022-05-012023-04-30SC21866022022-05-012023-04-30SC21866032022-05-012023-04-30SC218660ns0:TotalUnrestrictedFunds2021-05-012022-04-30SC218660ns0:TotalRestrictedIncomeFunds2021-05-012022-04-30SC218660ns0:TotalUnrestrictedFundsns11:MainIndustrySectorHeading2021-05-012022-04-30SC218660ns11:MainIndustrySectorHeadingns0:TotalRestrictedIncomeFunds2021-05-012022-04-30SC218660ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-04-30SC218660ns10:PlantMachinery2022-04-30SC218660ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-30SC218660ns10:PlantMachinery2023-04-30SC218660ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-04-30SC218660ns10:PlantMachinery2022-04-30SC218660ns10:FurnitureFittings2022-04-30SC218660ns10:ComputerEquipment2022-04-30SC218660ns10:FurnitureFittings2023-04-30SC218660ns10:ComputerEquipment2023-04-30SC218660ns10:FurnitureFittings2022-04-30SC218660ns10:ComputerEquipment2022-04-30SC218660ns10:CostValuation2022-04-30SC218660ns10:Subsidiary12022-05-012023-04-30SC218660ns10:Subsidiary112022-05-012023-04-30SC218660ns10:Subsidiary12023-04-30SC218660ns10:Subsidiary12022-04-30SC218660ns10:Subsidiary12021-05-012022-04-30

REGISTERED COMPANY NUMBER: SC218660 (Scotland)

REGISTERED CHARITY NUMBER: SCO31813

























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023


FOR



THE ERISORT TRUST



THE ERISORT TRUST



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 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


14



THE ERISORT TRUST (REGISTERED NUMBER: SC218660)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 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 30 April 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).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The main objectives of the charity are to relieve poverty, advance education and do all such other things that may benefit the communities of Pairc and Kinloch, Isle of Lewis.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In February 2006 the charity purchased the Aline Forest from Forestry Enterprise with the support of the Scottish Land Fund. This is the largest community owned woodland in Scotland extending to 630 hectares. In May 2006 the charity set up a wholly owned subsidiary company, Erisort Trading (Aline) Limited, to manage and develop the Aline Community Woodland.

During the year the charity and its subsidiary company continued to manage and develop the Aline Community Woodland.

Internal and external factors

The charity is partially dependent upon the continuing support of public funding agencies to assist in the ongoing delivery of the aims and objectives of the trust.


FINANCIAL REVIEW

Principal funding sources

The charity is dependent on grants, donations and fundraising to fund its operational costs. Full details of the charity's principal funding sources are included in notes to the financial statements.

Investment policy and objectives

The charity's reserves are maintained in bank accounts as the current level of reserves are required to meet the Association's short term operational requirements.

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 due to the operational structure of the charity there is no requirement to hold significant levels of unrestricted reserves at the present time and that the level of free reserves at 30 April 2023 are sufficient to meet the charity's operational requirements.

During the year the charity's incoming resources exceeded the resources expended resulting in net income of £1,786 for the year (2022 - net income of £5,916). This represents an increase of £1,834 in unrestricted funds and a decrease of £48 in restricted funds. Unrestricted reserves have as a result increased to £14,978.

FUTURE PLANS

The ongoing management and development of the Aline Community Woodland will be a focal point of the charity's activities during the coming years.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The trust is a charitable company limited by guarantee, incorporated on 30 April 2001. 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.




THE ERISORT TRUST (REGISTERED NUMBER: SC218660)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2023



STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the Directors are appointed by the whole body of members at the Annual General Meeting. One third of the directors must retire by rotation at each Annual General Meeting.

Organisational structure

The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The charity has reviewed its internal operational structure to assist in the effective management of the organisation. The board members are heavily involved in the day to day operations of the charity.

Induction and training of new trustees

The charity undertakes training for trustees 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.

Wider network

The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.

Related parties

In May 2006 the charity set up a wholly owned subsidiary company, Erisort Trading (Aline) Limited, to manage and develop the Aline Community Woodland. Full details of the charity's subsidiary are included in the notes to the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC218660 (Scotland)


Registered Charity number

SCO31813


Registered office

Kershader Resource Centre

Kershader

Lochs

Isle of Lewis

HS2 9QA


Trustees

D Morrison

A D McDowall

D A Phillips

I Macleod


Independent Examiner

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS




THE ERISORT TRUST (REGISTERED NUMBER: SC218660)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2023



REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

Bank of Scotland

47 Cromwell Street

Stornoway

Isle of Lewis

HS1 2DE


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 15 April 2024 and signed on its behalf by:






D Morrison - Trustee


INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE ERISORT TRUST




I report on the accounts for the year ended 30 April 2023 set out on pages five 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.









Calum Macdonald

The Institute of Chartered Accountants of Scotland


CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS


15 April 2024



THE ERISORT TRUST



STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 APRIL 2023



30.4.23


30.4.22


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Charitable activities

3

Woodland management

2,206


-


2,206


-



Investment income

2

-


-


-


6,351


Total

2,206


-


2,206


6,351



EXPENDITURE ON

Charitable activities

Woodland management

372


48


420


435



NET INCOME/(EXPENDITURE)

1,834


(48

)

1,786


5,916




RECONCILIATION OF FUNDS

Total funds brought forward

13,144


75,749


88,893


82,977



TOTAL FUNDS CARRIED FORWARD

14,978


75,701


90,679


88,893




THE ERISORT TRUST (REGISTERED NUMBER: SC218660)



BALANCE SHEET

30 APRIL 2023



30.4.23


30.4.22


Notes

£   

£   


FIXED ASSETS


Tangible assets

6

71,623


71,623


Investments

7

1


1


71,624


71,624



CURRENT ASSETS


Debtors

8

9,000


5,851


Cash at bank

10,836


12,019


19,836


17,870



CREDITORS


Amounts falling due within one year

9

(781

)

(601

)


NET CURRENT ASSETS

19,055


17,269



TOTAL ASSETS LESS CURRENT LIABILITIES

90,679


88,893



NET ASSETS

90,679


88,893


FUNDS

11

Unrestricted funds

14,978


13,144


Restricted funds

75,701


75,749


TOTAL FUNDS

90,679


88,893



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.



THE ERISORT TRUST (REGISTERED NUMBER: SC218660)



BALANCE SHEET - continued

30 APRIL 2023


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



The financial statements were approved by the Board of Trustees and authorised for issue on 15 April 2024 and were signed on its behalf by:






D Morrison - Trustee



THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023



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, with the exception of investments which are included at market value.



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.



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.



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.


Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Aline Forest

-

no depreciation on land


Improvements to Aline Forest

-

25% on cost


Plant and machinery

-

25% on cost


Events equipment

-

25% on cost


Office equipment

-

25% on cost


Tangible fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised.


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.




THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2023



1.

ACCOUNTING POLICIES - continued



Fund accounting

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.


Investments

Fixed asset investments in group undertakings are stated at cost less accumulated provision.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred.

2.

INVESTMENT INCOME


30.4.23


30.4.22

£   

£   



Income from subsidiary undertakings

-


6,351





All investment income arises from assets held within the UK.


3.

INCOME FROM CHARITABLE ACTIVITIES


30.4.23


30.4.22


Activity

£   

£   



Wayleaves

Woodland management

2,206


-




4.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.



Trustees' expenses


There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.


5.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


fund


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM



Investment income

6,351


-


6,351




EXPENDITURE ON


Charitable activities


Woodland management

267


168


435




NET INCOME/(EXPENDITURE)

6,084


(168

)

5,916





THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2023



5.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


Restricted


Total


fund


funds


funds

£   

£   

£   




RECONCILIATION OF FUNDS


Total funds brought forward

7,060


75,917


82,977




TOTAL FUNDS CARRIED FORWARD

13,144


75,749


88,893



6.

TANGIBLE FIXED ASSETS


Improvements



Aline


to Aline


Plant and


Forest


Forest


machinery

£   

£   

£   



COST


At 1 May 2022 and 30 April 2023

71,623


4,935


1,158




DEPRECIATION


At 1 May 2022 and 30 April 2023

-


4,935


1,158




NET BOOK VALUE


At 30 April 2023

71,623


-


-




At 30 April 2022

71,623


-


-





Events


Office



equipment


equipment


Totals

£   

£   

£   



COST


At 1 May 2022 and 30 April 2023

21,317


2,150


101,183




DEPRECIATION


At 1 May 2022 and 30 April 2023

21,317


2,150


29,560




NET BOOK VALUE


At 30 April 2023

-


-


71,623




At 30 April 2022

-


-


71,623






THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2023



7.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



MARKET VALUE


At 1 May 2022 and 30 April 2023

1




NET BOOK VALUE


At 30 April 2023

1




At 30 April 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:



Erisort Trading (Aline) Limited


Registered office:


Nature of business: forestry and logging related services


%


Class of share:

holding



Ordinary

100




30.4.23

30.4.22

£   

£   



Aggregate capital and reserves

54


389




Loss for the year

(335

)

(3,221

)



8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


30.4.23


30.4.22

£   

£   



Amounts owed by group undertakings

9,000


5,851




9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


30.4.23


30.4.22

£   

£   



Trade creditors

421


241




Accrued expenses

360


360



781


601






THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2023



10.

ANALYSIS OF NET ASSETS BETWEEN FUNDS


30.4.23


30.4.22


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds

£   

£   

£   

£   



Fixed assets

-


71,623


71,623


71,623




Investments

-


1


1


1




Current assets

15,759


4,077


19,836


17,870




Current liabilities

(781

)

-


(781

)

(601

)


14,978


75,701


90,679


88,893




11.

MOVEMENT IN FUNDS


Net




movement


At



At 1.5.22


in funds


30.4.23


£   

£   

£   



Unrestricted funds


General fund

13,144


1,834


14,978





Restricted funds


Revenue Grants fund

4,125


(48

)

4,077




Capital Grants fund

71,624


-


71,624



75,749


(48

)

75,701




TOTAL FUNDS

88,893


1,786


90,679





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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

2,206


(372

)

1,834





Restricted funds


Revenue Grants fund

-


(48

)

(48

)




TOTAL FUNDS

2,206


(420

)

1,786






THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2023



11.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net




movement


At



At 1.5.21


in funds


30.4.22


£   

£   

£   



Unrestricted funds


General fund

7,060


6,084


13,144





Restricted funds


Revenue Grants fund

4,293


(168

)

4,125




Capital Grants fund

71,624


-


71,624



75,917


(168

)

75,749




TOTAL FUNDS

82,977


5,916


88,893





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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

6,351


(267

)

6,084





Restricted funds


Revenue Grants fund

-


(168

)

(168

)




TOTAL FUNDS

6,351


(435

)

5,916





General fund


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



Revenue Grants fund


This represents funds received from public funding agencies and trusts for a specified purpose.



Capital Grants fund


This represents funds received from public funding agencies and trusts in respect of specified capital expenditure.




THE ERISORT TRUST



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2023



12.

RELATED PARTY DISCLOSURES


The charity received a distribution of £6,351 from the trading subsidiary during the year ended 30 April 2022 (2021 - £1,217). The balance due to the charity from the trading subsidiary at 30 April 2022 is £5,851 (2021 - £11,630).

13.

LIMITED BY GUARANTEE



The company is limited by guarantee and has no share capital. The liability of each member in the event of the company being wound up is restricted to £1.


14.

PERMANENT ENDOWMENTS



The charity does not have any permanent endowments.