REGISTERED COMPANY NUMBER: SC395120 (Scotland)

REGISTERED CHARITY NUMBER: SC043952

EADHA ENTERPRISES

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

17

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 2025. 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

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.

ACHIEVEMENTS AND PERFORMANCE

The nursery has continued to develop with weekly session funded through the Stakis Charitable Foundation, supervised by Gerry. The range and quantity of stock including native wildflowers, shrubs and trees has continued to grow, supplying inhouse projects as well as some small private orders. We have been continuing to work closely with Sara at Netherhill Nursery in Dunlop who acts as a satellite for Eadha's nursery. Our Aspen work has continued with ongoing micropropagation of the new clones at Plantlet Culture. All triploid aspen clones have also been supplied to Plantlet Culture for micropropagation.

Funding from Mossy Earth has also enabled the Bishopton site to expand (ongoing at time of writing). We have also secured a set of new equipment and significantly an office and storage container from Comraich, a charity who we have been working with delivering tree planting in East Ayrshire. They have been forced to close and have offered us first refusal on all their stock.

Planting and woodland management sites have included ongoing projects across Renfrewshire, North and East Ayrshire. These have been funded through a range of sources including Mossy Earth's reforestation and aspen funds amongst others. A new partnership was created with the Renfrewshire Climate Action Hub (RenCAN). They have prioritised tree planting as one of their key climate actions and have supported Eadha by facilitating groups to get involved in practical volunteering. This has enabled Eadha to spread its reach and to work with other third sector organisations in particular within the social sector.

Peter has continued to work as an agent for the Woodland Trust's MOREwoods/MOREhedges project delivering a host of new projects through the year, in addition to offering advice and consultancy services for rewilding and woodland creation including specifically aspen planting to a number of public and private clients.

We have also delivered two woodland reflowering projects for Scotland: The Big Picture, in Falkirk and Perthshire. The partnership with Trees for Cities has continued with new schools and intergenerational tree planting projects being delivered in the Glasgow area.

FINANCIAL REVIEW

Financial position

An increase in charitable income combined with an increase in net profit for the trading arm and decrease in purchase and subcontractor costs compared to the previous financial year, resulted in a healthy financial position.

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 2025 was £56,453 (2024: £32,362).

FUTURE PLANS

Eadha has secured regular yearly funding from Carbon Aware Productions to support ongoing native tree planting projects. We are also continuing to build up a bank of potential planting sites across West Central Scotland. Eadha has also been developing a biodiversity offsetting proposal for a local site for Scottish Power Transitions (SPT) which if successful will offer a new avenue for woodland planting and habitat creation contracts.

Funding applications to support nursery management and volunteer supervision are ongoing. Proposal for the nursery include refining the species list and working with a partner (Habitat Aid) to assist with marketing and dispatch. There continues to be a strong interest in both our Aspen work and especially the triploid Aspen project from commercial forestry interests. While this is a long-term project, we remain hopeful that this could present a strong business opportunity which could also reinforce our USP and brand around Aspen.

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 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

P J Livingstone

M E S Bailey

J J Greenlees

G A Murray (resigned 12/5/2025)

E C Parsons

J L Anton (appointed 15/5/2025)

D J Lyons (appointed 15/5/2025)

Approved by order of the Board of Trustees on 15 December 2025 and signed on its behalf by:

P J Livingstone - Trustee

I report on the accounts for the year ended 31 March 2025 set out on pages six to seventeen.

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

15 December 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME FROM

Donations and legacies

3

56,279

-

56,279

22,028

Charitable activities

6

Charitable activities

-

65,193

65,193

67,664

Other trading activities

4

9,812

-

9,812

8,478

Investment income

5

88

-

88

198

Total

66,179

65,193

131,372

98,368

EXPENDITURE ON

Direct charitable costs

7

Charitable activities

16,841

90,440

107,281

115,238

NET INCOME/(EXPENDITURE)

49,338

(25,247

)

24,091

(16,870

)

Transfers between funds

18

(25,247

)

25,247

-

-

Net movement in funds

24,091

-

24,091

(16,870

)

RECONCILIATION OF FUNDS

Total funds brought forward

32,362

-

32,362

49,232

TOTAL FUNDS CARRIED FORWARD

56,453

-

56,453

32,362

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

13

-

16

Investments

14

1

1

1

17

CURRENT ASSETS

Debtors

15

56,092

34,684

Cash at bank and in hand

9,615

8,991

65,707

43,675

CREDITORS

Amounts falling due within one year

16

(9,255

)

(11,330

)

NET CURRENT ASSETS

56,452

32,345

TOTAL ASSETS LESS CURRENT LIABILITIES

56,453

32,362

NET ASSETS/(LIABILITIES)

56,453

32,362

FUNDS

18

Unrestricted funds

56,453

32,362

TOTAL FUNDS

56,453

32,362

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 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 15 December 2025 and were signed on its behalf by:

P J Livingstone - Trustee

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 recognised in the Statement of Financial Activities from goods supplied in the year are exclusive of value added tax and the company's policy is to recognise income when substantively all risks and rewards in connection with the goods have been passed to the buyer.

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.

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.

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.

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

2025

2024

£

£

Donations

5,992

10,478

Donation from trading subsidiary

50,217

11,540

Membership fees

70

10

56,279

22,028

4.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Sale of goods

9,812

8,478

5.	INVESTMENT INCOME

2025

2024

£

£

Interest receivable

88

198

6.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Grants

Charitable activities

65,193

67,664

Grants received, included in the above, are as follows:

2025

2024

£

£

Coalfields to Wildwoods

32,288

14,235

Locherwood Rewilding Woodlands

10,634

27,296

Eglinton Plant Nursery

-

857

Yearn Stane

14,953

12,547

Good Nature (RC)

-

9,729

Engie Brookfield Hall and Scottish Woodland

-

3,000

CAH Wee Forest

7,318

-

65,193

67,664

7.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 8)

Totals

£

£

£

Charitable activities

104,992

2,289

107,281

8.	SUPPORT COSTS

Governance

costs

£

Charitable activities

2,289

Support costs, included in the above, are as follows:

2025

2024

Charitable

Total

activities

activities

£

£

Accountancy fees

2,289

2,248

9.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

16

5

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 £36,636 (2024: £37,716). There were no additional trustees' remuneration or other benefits for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

11.	STAFF COSTS

2025

2024

£

£

Wages and salaries

47,539

40,364

47,539

40,364

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

2025

2024

Number of staff - management

1

1

Number of other staff

2

2

3

3

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

22,028

-

22,028

Charitable activities

Charitable activities

-

67,664

67,664

Other trading activities

8,478

-

8,478

Investment income

198

-

198

Total

30,704

67,664

98,368

EXPENDITURE ON

Direct charitable costs

Charitable activities

17,985

97,253

115,238

NET INCOME/(EXPENDITURE)

12,719

(29,589

)

(16,870

)

Transfers between funds

(29,589

)

29,589

-

Net movement in funds

(16,870

)

-

(16,870

)

RECONCILIATION OF FUNDS

Total funds brought forward

49,232

-

49,232

TOTAL FUNDS CARRIED FORWARD

32,362

-

32,362

13.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024 and 31 March 2025

674

DEPRECIATION

At 1 April 2024

658

Charge for year

16

At 31 March 2025

674

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

16

14.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024 and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

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) Ltd

Registered office: Square House, Harvey Square, Lochwinnoch, Renfrewshire, PA12 4HE.

Nature of business: Environmental Protection

%

Class of share:

holding

Ordinary

100

31/3/25

31/3/24

£

£

Aggregate capital and reserves

2

2

Profit for the year

50,217

11,540

15.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,319

11,820

Other debtors

44,773

22,864

56,092

34,684

16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

556

1,481

Social security and other taxes

1,665

2,198

Other creditors

3,577

2,550

Accruals and deferred income

3,457

5,101

9,255

11,330

17.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

£

£

£

£

Fixed assets

-

-

-

16

Investments

1

-

1

1

Current assets

76,564

(10,857

)

65,707

43,675

Current liabilities

(20,112

)

10,857

(9,255

)

(11,330

)

56,453

-

56,453

32,362

18.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1/4/24

in funds

funds

31/3/25

£

£

£

£

Unrestricted funds

General fund

32,362

49,338

(25,247

)

56,453

Restricted funds

Restricted

-

(25,247

)

25,247

-

TOTAL FUNDS

32,362

24,091

-

56,453

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

66,179

(16,841

)

49,338

Restricted funds

Restricted

65,193

(90,440

)

(25,247

)

TOTAL FUNDS

131,372

(107,281

)

24,091

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1/4/23

in funds

funds

31/3/24

£

£

£

£

Unrestricted funds

General fund

49,232

12,719

(29,589

)

32,362

Restricted funds

Restricted

-

(29,589

)

29,589

-

TOTAL FUNDS

49,232

(16,870

)

-

32,362

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

30,704

(17,985

)

12,719

Restricted funds

Restricted

67,664

(97,253

)

(29,589

)

TOTAL FUNDS

98,368

(115,238

)

(16,870

)