IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.5.23 30.4.24 30.4.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2186602023-04-30SC2186602024-04-30SC2186602023-05-012024-04-30SC2186602022-04-30SC2186602022-05-012023-04-30SC2186602023-04-30SC218660ns0:CharitableCompanyLimitedByGuarantee2023-05-012024-04-30SC218660ns15:PoundSterling2023-05-012024-04-30SC218660ns11:FRS1022023-05-012024-04-30SC218660ns11:IndependentExaminationCharity2023-05-012024-04-30SC218660ns11:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC218660ns11:FullAccounts2023-05-012024-04-30SC218660ns11:CharitiesSORP2023-05-012024-04-30SC218660ns16:EnglandWales2023-05-012024-04-30SC218660ns11:RegisteredOffice2023-05-012024-04-30SC218660ns0:Trustee12023-05-012024-04-30SC218660ns0:Trustee22023-05-012024-04-30SC218660ns0:Trustee32023-05-012024-04-30SC218660ns0:Trustee42023-05-012024-04-30SC218660ns0:TotalUnrestrictedFunds2023-05-012024-04-30SC218660ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC218660ns0:Activity82023-05-012024-04-30SC218660ns0:TotalUnrestrictedFundsns0:Activity82023-05-012024-04-30SC218660ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC218660ns0:Activity82022-05-012023-04-30SC218660ns0:TotalUnrestrictedFunds2023-04-30SC218660ns0:TotalRestrictedIncomeFunds2023-04-30SC218660ns0:TotalUnrestrictedFunds2024-04-30SC218660ns0:TotalRestrictedIncomeFunds2024-04-30SC218660ns10:WithinOneYear2024-04-30SC218660ns10:WithinOneYear2023-04-30SC21866012023-05-012024-04-30SC218660ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-05-012024-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-05-012024-04-30SC218660ns10:PlantMachinery2023-05-012024-04-30SC218660ns10:FurnitureFittingsToolsEquipment2023-05-012024-04-30SC218660ns10:ComputerEquipment2023-05-012024-04-30SC21866022023-05-012024-04-30SC21866032023-05-012024-04-30SC21866012023-05-012024-04-30SC21866012022-05-012023-04-30SC218660ns0:TotalUnrestrictedFundsns0:Activity82022-05-012023-04-30SC218660ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC218660ns0:TotalUnrestrictedFunds2022-05-012023-04-30SC218660ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC218660ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-30SC218660ns10:PlantMachinery2023-04-30SC218660ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-04-30SC218660ns10:PlantMachinery2024-04-30SC218660ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-30SC218660ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-30SC218660ns10:PlantMachinery2023-04-30SC218660ns10:FurnitureFittings2023-04-30SC218660ns10:ComputerEquipment2023-04-30SC218660ns10:FurnitureFittings2024-04-30SC218660ns10:ComputerEquipment2024-04-30SC218660ns10:FurnitureFittings2023-04-30SC218660ns10:ComputerEquipment2023-04-30SC218660ns10:CostValuation2023-04-30SC218660ns10:Subsidiary12023-05-012024-04-30SC2186601ns10:Subsidiary12023-05-012024-04-30SC218660ns10:Subsidiary12024-04-30SC218660ns10:Subsidiary12023-04-30SC218660ns10:Subsidiary12022-05-012023-04-30
REGISTERED COMPANY NUMBER: SC218660 (Scotland)
REGISTERED CHARITY NUMBER: SCO31813
























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE ERISORT TRUST

THE ERISORT TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










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 2024



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 2024. 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 2024 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 £1,452 for the year (2023 - net income of £1,786). This represents an increase of £1,452 in unrestricted funds and no movement in restricted funds. Unrestricted reserves have as a result increased to £16,430.

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 2024


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 2024


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 21 March 2025 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 2024 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.








Iain Morrison ACMA
The Chartered Institute of Management Accountants

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

15 April 2025

THE ERISORT TRUST

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 APRIL 2024

30.4.24 30.4.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 65 - 65 -

Charitable activities 3
Woodland management 1,995 - 1,995 2,206
Total 2,060 - 2,060 2,206

EXPENDITURE ON
Charitable activities
Woodland management 608 - 608 420

NET INCOME 1,452 - 1,452 1,786


RECONCILIATION OF FUNDS
Total funds brought forward 14,978 75,701 90,679 88,893

TOTAL FUNDS CARRIED FORWARD 16,430 75,701 92,131 90,679

THE ERISORT TRUST (REGISTERED NUMBER: SC218660)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 7 71,623 71,623
Investments 8 1 1
71,624 71,624

CURRENT ASSETS
Debtors 9 9,000 9,000
Cash at bank 12,475 10,836
21,475 19,836

CREDITORS
Amounts falling due within one year 10 (968 ) (781 )

NET CURRENT ASSETS 20,507 19,055

TOTAL ASSETS LESS CURRENT LIABILITIES 92,131 90,679

NET ASSETS 92,131 90,679
FUNDS 12
Unrestricted funds 16,430 14,978
Restricted funds 75,701 75,701
TOTAL FUNDS 92,131 90,679

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 2024

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 21 March 2025 and were signed on its behalf by:





D Morrison - Trustee

THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


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.

Going concern

The trustees have assessed the charity's ability to continue as a going concern and do not consider there to be any material uncertainties about the charity's ability to continue as a going concern.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

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 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 9 for details of the values of tangible fixed assets.

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

THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


1. ACCOUNTING POLICIES - continued

Governance 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.

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.


THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. DONATIONS AND LEGACIES
30.4.24 30.4.23
£    £   
Donations 65 -

3. INCOME FROM CHARITABLE ACTIVITIES
30.4.24 30.4.23
Activity £    £   
Wayleaves Woodland management 1,995 2,206

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.


5. STAFF COSTS

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

30.4.24 30.4.23

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

The average number of employees during the year was Nil (2009 - 1).

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Woodland management 2,206 - 2,206

EXPENDITURE ON
Charitable activities
Woodland management 372 48 420

NET INCOME/(EXPENDITURE) 1,834 (48 ) 1,786


RECONCILIATION OF FUNDS
Total funds brought forward 13,144 75,749 88,893

TOTAL FUNDS CARRIED FORWARD 14,978 75,701 90,679

THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. TANGIBLE FIXED ASSETS
Improvements
Aline to Aline Plant and
Forest Forest machinery
£    £    £   
COST
At 1 May 2023 and 30 April 2024 71,623 4,935 1,158
DEPRECIATION
At 1 May 2023 and 30 April 2024 - 4,935 1,158
NET BOOK VALUE
At 30 April 2024 71,623 - -
At 30 April 2023 71,623 - -

Events Office
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 and 30 April 2024 21,317 2,150 101,183
DEPRECIATION
At 1 May 2023 and 30 April 2024 21,317 2,150 29,560
NET BOOK VALUE
At 30 April 2024 - - 71,623
At 30 April 2023 - - 71,623

8. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
MARKET VALUE
At 1 May 2023 and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 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:

THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. FIXED ASSET INVESTMENTS - continued

Erisort Trading (Aline) Limited
Registered office:
Nature of business: forestry and logging related services
%
Class of share: holding
Ordinary 100
30.4.24 30.4.23
£    £   
Aggregate capital and reserves 920 54
Profit/(loss) for the year 866 (335 )

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 9,000 9,000

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 538 421
Accrued expenses 430 360
968 781

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
30.4.24 30.4.23
Unrestricted Restricted Total Total
fund funds funds funds
£    £    £    £   
Fixed assets - 71,623 71,623 71,623
Investments - 1 1 1
Current assets 17,398 4,077 21,475 19,836
Current liabilities (968 ) - (968 ) (781 )
16,430 75,701 92,131 90,679


THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. MOVEMENT IN FUNDS
Net
movement At
At 1.5.23 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 14,978 1,452 16,430

Restricted funds
Revenue Grants fund 4,077 - 4,077
Capital Grants fund 71,624 - 71,624
75,701 - 75,701
TOTAL FUNDS 90,679 1,452 92,131

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,060 (608 ) 1,452

TOTAL FUNDS 2,060 (608 ) 1,452


Comparatives for 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

THE ERISORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. 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 2,206 (372 ) 1,834

Restricted funds
Revenue Grants fund - (48 ) (48 )

TOTAL FUNDS 2,206 (420 ) 1,786

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.

13. RELATED PARTY DISCLOSURES

The balance due to the charity from the trading subsidiary at 30 April 2024 is £9,000 (2023 - £9,000).

14. 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.

15. PERMANENT ENDOWMENTS

The charity does not have any permanent endowments.