REGISTERED COMPANY NUMBER: SC227429 (Scotland) REGISTERED CHARITY NUMBER : SC032778
Report of the Trustees and Unaudited Financial Statements for the year Ended 31 January 2025
For
Kingsburgh Forest Trust
npburgh Fore# Tntst Contents of the Financlal Statements forthè Year Ended 31 January 2025 Report of theTrustees Rtport of the Independent Exhminer Statement of Financial Attr11*$ 8alance Sheet Notes to ihe Financial Statements
In1ryh Forest Trust Report of the Trustees lor the Year Ended 31 January 2025 The trustees. who are also director5 of the charity lor the purpose of the Companies Act 2006, present their report with the financial statements of the charity foi the year ended 31 January 2025. The tNstees have adopted the provision of Accounting and Reportin8 by Charities.. St2Ment of Retommended Practice applicable to charitie5 preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES The trust is constituitd to promote the conseNatitin. restorion and improvement of the forest woodland for the benelit of the public. ACHIEVEMENT AND PERFORMANCE A sUCCE55ful 22nd KFT anniveT5ary 88Qwas held on 31stAugu5t 2024 with marquee. entertainment for chtldren e.8. treasure hunt, mini Highland Garne5 and INe music as well as free food. The weather that day was perfect for this landmaik mmunity occasion. There was a raffle wth 8enerous priie5 donated by local businesses. Feedback has been m95t P051tive particularty from parents. The new website is now live providing an infofmative online presence providing the history of the forest5 creation and subsequent communrty buy out. It also provides informatM)n on forest walks for users. The cost- elfective annual hosting seThite is undertaken by the Hebridean tompany who created the website. They are social charity enterprise company. At the 2024 AGM several new boafd members were recruited providing a wider range of gender and agè of dtrettor5. Ongoing general maintenance of the track and footpaths including strirnminK and sprayin& Continue5 to be an estsbli5hed recTeatioftal arnenity popular with loca15 and visitors. Local crofters continue to make8ood use of the acces5 throu8h theforest for the enhanced management ol th township sheep floc FINANCIAL REVIEW The net outgoing resources for the year amounted to £21.36812024 £7.4431. The unrestricted fvnds are £158,8H 12024 £176.6221 Resekves pollrv Fund5 have been expended on 8eneral mainienance. The rnonie5 remaining are held in reserve for the payment of feplanting the forest and any futvre dlDent. 5TRUCTUAE. GOVERNANCE AND MANAGEMENT Go¥ernini document Kin8sbur8h Forest Trust is a company limited by 8uarantee. incorporated on 28 January 2002. The trust IS administered in accordance with the terms of the Memorandum and Articles of A55OCiation. The company is a re8iSteied charily in scotland. Oriani5Jtlonal strurture Oirectors are the trustee5. The dirttor5 are elerted from the member5 and by member5 at the AGM and serve for a period of three years after which they must seek reelertrt_
n851wr¥h Forest TTht Repwt ol thÈ Trustees Icontlnuedl for the Year Ended 31 January 2025 REFERENCE ANO ADMINISTRATIVE OETAILS Name ofch•r&ty n8sbufgh Forest Trust ReKislered compary number SC227429 (Scotlandl Re8lstered ¢h•rlty numb•r SC032778 Registered offi King5burÉh Sniiort Isle of Skye NSI 9UT Trust••s R MacKeniie Y Curyan P M Martin Iresi8ned 08110120241 M Kennedy (resigned 0811012024} M Burd (appointed 08110120241 J Curran (appointed 08IID/20241 O Mackeniie lappointed 08110120241 S Maclean lappointed 08110120241 A Roddick (appointed OBI10120241 A Stephenson13ppointed 08110120241 Independent •xaminor Daniel Wood BACC (Honsl CA Wood Accountancy Ltd Glenview Uppei Feorlig Isle of Skye 55 8ZL
sburyh ForestTru5t Rewt ofthe Tw5tees {contlnuedl lor theyear Ended 31 January 2025 AEPSPONSABILMES AND APPROVAL The trusiees (who are the directOf5 of Kingsbur8h Forest Trust for the purpose of company lawl are responsible for preparin8 the Report of Trustees and thefinancial statements in accordancewith applicable lawand United Kingdorn Standards Iunited Kin8dom General1 Accepted Accounting Practice). Company law require5 director5 to prepare financtal statements for each financlal year which gl¥e a true and fair view of the stale of affairs of the ch3riiable company as at the balante Sheet date and of its incoming resource and application of resources. including income and expenditure. for the financTral year. In preparin8 those financial statements. the tfustees should follow be51 prartice and: Select suitable accountin8 polioes and then app them consistentlv.. Make judgements and estimates that are reasonable and prudent Observe rhe methods and princyles in the charity 50RP- Follow apiCable accounts'ng standard5. subject to any rnaterial departure5 disclosed and explained in the account5.' Prepare finantial statements on the going cwcem b3515 unless it 15 inappropriate to presume that th or8anisation will continue on that basis. The trustees are responsible for maintaining proper accounting record5 which disclose with reasonable accuraty at anytime thefinancial position of the organisation and toenable them to ensure thatthe financial statements tomplv with the Charities and Trustee Investment (Scotlandl Act 21KIS. the Charities Accounts (Scotlandl Regulations 2006 la5 amended) and the Companie5 Act 2C¥)6. They are also responsible for safeguarding the assets of the company and hence for taking reasonable 5tep5 for the pre¥ention of fraud and other irfegularities. Appioved by order of the board on 2411LYd5 aThJ s¢ned on it5 behalf by.. Y Curran Trustee
nBsburKh Forest Trust {Company Re8istratlon No SC2274Z91 Report of thè Independenl Examlner I report on the financial statements of the K1Wbuh Foresi Trust for the year ended 31 January 2025 as set out on pages 5 to 13. RetIVe re5ponslblllt4es ot iruslees and examinw The charity's trustees Iwho are also the dirertors of the company for the pvrp05e of company lawl are responsible for the preparation of the accounts in accordan¢e with the terms gf the Charitie5 and Trustee Investmeni (Scotlandl Act 2LYJS and th? Charities Accounts (Scotlandl Regulation5 2006 las arnendedl. The charity trustees consider that the audit requlrement of regulations 10(Illal to Icl of the 2l Accounts Regulations does noi apply. 11 is my responsibility to examine the accounts as required under seuion 44llllcl of the act and to state whether paiticular maiters have come to my attention. Ba515 ol Indeppndent e¥arnI$ statement My examination is carried oui in accordance wth Re8ulation 11 of the Accounts Re8ulatioit5. An examination includes a review of the accouniin8 records kept by the charity and a compari50n of the accounts presented with those records. It also intludes consrderation of any unusual items or disclosures in the accounts and seeks explènations Irom the irustees concerning any such mattèrs. The procedure5 undertaken do not provide all the evidence ihat would be required in an audit and, consequentty I do not exwe55 an audit opinion on the view given by the accounts. Independtnl emarninerfs staternent In the course of my examination. no maiter ha5 corne to my attentK>n: which 8ives me feasonatAe cause to believe that. Lrt any materrdl respert. the requirefflents.. to keep accovnting records in attordance wrth Sertion 44llllal of the 2LY15 Act and Re8ulation 4 of the 2OJ6 Actount5 Regulations to prepare accounts whith accord wrth the accountirvd rOrdS and comply with Regulation 8 of the 2LK16 Account5 Re8ulations have not been met. or to which. in my opinion. attention Should be drawn in order to enable a proper understanding of the accounts to be reached. This report is made solely to the ¢ompanWs Trustees. as a body. in accordance with re8ulation 11 of the Charities Accountslscotlandl ReBul3tions 2LM)6. M¥work h35 been undertaken sothat I might state tothÈtompanrfsTrustee5 those matter5 1 arn required to state to them in an independent examinerfs rtport and lor no other purpose. To the fullest extent permitted by law, I do noi accept or 3s5urne re5pon5ibilrty to anyone other than the company and the compan ustees as a body. for my work or thi5 report. Daniel Wood 8Acc (Honsl CA Wood Accountancy Ltd Glenview Upper Feortig Isle of Skye IV55 8ZL .L.4./1 o J..lo.i..r
buryh FoYe5t TThh5t Statement ol Flnancial Actfvltles IlrKorporatlni Income and ExpeTrdilure ACC1) lorthèyèar Ended 31 January 2025 Total Fund5 2025 Total Funds 2024 Unrestricted Fund Restricted Fund Endowment Fund InEume: Donations and le¥¥ies In¥estment Inwm•.' 8ank intefest L605 1.407 Other Intome 264 264 Total In¢oMe 1I69 IA69 1.407 Expenditure on charrtable activities Insurance Website costs Consltltancv Advertisin8 Subscription5 Repairs and maintenance Depreciation Accountahcv Postage and stationary Sundry 1,431 621 1.552 3.167 1,431 621 1,552 3.167 1,072 210 80 1.920 4.599 968 10.905 1.120 783 18 50 10.905 4,710 783 18 50 39 3.551 Tolal expendlture 19ffi47 39 3.551 13237 8.850 Net incom* I (expenditure) 117.77 lJ91 13J511 1213681 17.4431 Transfrrs between Net m¢)¥ements In fvnds 117.778) 1391 (3.5511 IZIJ681 17.4431 ReNCIlIation ollunds: Total fund5 brought forward Total fund5 carried forward 176.622 158W4 260 221 325.106 501.988 321.555 4JQ.6lO 509,431 501.988 All amounts relate to continuing activities.
Klnzth•rth Forest Try alafv Shett At 31 January 2025 Tptol Funds 2025 Total Funds 2024 Noies Unrestricted Fund Restrirted Fund Endowment Fund Fixed aet$ Tanble assets 46,246 46246 221 221 3ZI,555 368.022 371,889 321.555 368J)22 371,889 Cufrent assets Debtor5 Cash at bank and in hand 133 125.107 125.240 133 3,273 125.107 127.701 125240 130.974 Liabilitlos Amounts falling due within one ve3r Net ¢iirrefvt a55ets 12,642 112,598 12,642 875 112,598 IJO.099 Total net a55ets 121 3ZI.555 480.620 501.988 Funds Unrestricted funds AÈstiicted fund5 Endowment fund5 158,844 176.622 221 260 321.555 325,106 Total funds 480,620 501.988 The charitable MpanY t5 entitled to exemption from audit undef Section 477 of the Companies Act 2t#J6 for the year ended 31 January 2025. The member5 have not required the Charitat company to obtain arl auditof its financk?I statements for theyear ended 31 January 2025 in accordancè with Settion 476 of the Companies Art 2006. The trustees acknowledge the re5ponsibilitie5 for wrnplying with the requirement5 of the Companies Att 2006 with respect io accountin8 records and the pparatn of financial statements. Theses financial siatements have been prepared in accordance with the special pro$10n5 of Part 15 of the Companies Art relatiTh8 to Small charr(ablt companies. The financial statemeffls were approved by the board of trustees on..W.W25......_.. behalf by.. . and were sened on its Y Curran Trustte
ng5buryh Forest Trust Note to the finandal Statemen for the Ended 31 Jawary 2025 l. General Inforniation Kingsburgh Forest Trust is a company limr(ed by guarantee. incorporated tsn 28 January 2002. The registered office addre55 is 8 Kin8sburEh. 5niiort. Portre?. Isle of Skye. IV519UT. The financial statement5 are prepared in Sterli which is the fvnctional currency of the company. Monetsry amount5 in these financial statements are rounded to the nearest £. Acfountlni polklts 2.1. 8as of prtparatlon The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021'Accounting and Reporting by Charitie5'. Statement of Recommended Pr2ctice applicable to charilies preparing their accounts in accordantt with the Flnancial Reporling Standard applicable in the UK and Republic of Ireland (FR5 1021 lefferttve l January 20191. Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 26. The fin3ncial 5taternnts have been prepared under the historical cost convention. 2.2. Goin8 Concern After making appropriate enquiries, theTrustees havea reasonable expettation thatthe CDrnpany has adeqyate resour5 to conlinue in operational exisience for the foreseeable future. For this rea50n. they continue to adopt the going concern basis in prepariftg the financial 5taternent. 2.3. Income All income is recognised in the Statement of Financial Artivities once thè charity has entitlement to the fvnds. it is probable that the income will be rece"fftd. and ihe amount tan be measured reliably. IA. Exp•nditur• Expenditure is feco8nised as soon as there is a legal or ton5tructive obligation cornmi1ti the charity to the expenditure. it is probable that a transfer of economic benefits will be required in settlernent and the amount ol the obli84tion can be measured reliably. Expenditure is accounted for oft an accruals basis and has been la5sified under headings that a88re8aie all costs related to the category. Where tosts cannot be difectly attributed to particular headin85, they ha¥e been allocated to activities on a basis con515tent wsth the use of the resouices. 2.5. Flx•d assets Tangible fixed assets are initially measured at t05t and 5ub5equently measured at C05t or valuation, net of depretiation and any impairment105ses. Depreciation is 0nISed so as to lte off the cost or valuation of assets les5 their residual values over their U5elul INe5 on the followng bases.. Road and buildings Plant and equipment YA on c05t 15% on reduc1 balance
Kirysburyh Fovtst Trust P4ote to th* Hnandal Statemènts Icontinuedl lor the Year Ended 31 January 2025 2.6. Cash and cash equi¥altnt5 Cash and cash equivalents are basic financial a55et5 and include cash in hand, dep051ts held at call with banks, other short-term liouitl in¥e5tments wilh ori8inal maturities of three months or less, and bank overdrafts. Bank overdrafts ère shown within boNowing5 in current liabilities. 2.7. Flnanclal knstrvments The company has elected to app the provisions of Stttion 11 'BC Finantial Instruments. and Section 12 'Other Financial Instruments 155ue5' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company'5 balan sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are0ffs. with ihe netamounts presented in the finantial statement5. when there is a legally enforceable right to Set off the retO8ni5ed amounts aslc financial assets Basic financial assets. which include debtors and cash and bank balance5. are inttially measured at transaction price including transaction costs and are subsequently carried at amorti5ed cost U5inB the effertive interest rnethod unle55 the arrangement tOn5titutes a financing transattion. where the transaction 15 measured at the present value of the future receipts discounttd al a rnark rate of interest. Financial assets classifd as receivable within one yeor are ngt amortised. Closslllcotlon olfinonclallA7blltties Financial liabilitie5 are classified accordin8 to the substance of the contrartual arran8ernent$ entered into. Sic financial liabilities. includin8 creditor5. bank loans. are Initialty recognised at transaction priee unless the arran8ement constitutes a financin8 transaction. where the debt instrument 15 measured at the present value of ihe future payments Lliscwnted ai a market fate of interèst. Financial liabilities tlas5ified as payable within one year are not amortised. Debt iffjtDJments are subsequently carried at amortised tost. using the efftrtive interest rate method. Trade creditors are obli8aiions to pay for goods or servite5 that have been acquirèd in the ordinary course of business from supplier5. Amounts payable a classified as current lièbilities if payment is due within one year or le55. If not. they are presented as non-current liabilities. Trade ¢dItOrS aTe tecognised initially at transaction price and Subsequently rneasured ai amortised c05t using the effettive interest metlw)d. 2J. Fund aruntI Unrestrirtefl funds can be use(1 in acCoan(e with the charitable objectives at the discretion of the trustees. Restricted funds tan only bt Used for particular restricted purposes wiihin the objectives of the charfjty. Restrictions arise when specified by the donor or when the funds are raised for a particularre5trided purp95e. Endowment funds are funds givtn on the condition that the original capTtal sum 15 not reduced. but that the income therefrom is used for the purpose defined in accordance with the objectr¥es of the tharity. 2.9. Taxation The charity is exempt frorn corporation tax on its charitable attivilie5.
bur Forest Trust N(*e to the Finandal Statements Icontlnuedl lor the Year Endtd 31 January 2025 Trustees remuneration and benefft5 There were no trustees, remuneration or other benefits for the year ended 31 January 2025 or 31 January 2024. Trustee expenses There we no trustees. expenses paid for the year ended 31 January 2025 or 31 January 2024.
I$bUh Forest Tru5¢
Noit to tht finan¢ial 5tatemenls Icontlnuedl for the Year Ended 31Januiry 2025 cornparatl¥ for the Statement of fftnandal acthlt5 Unrestricted Fund Restvicted Fund Endowment Fund Total Funds Note5 Income: Donations and Itgacies Irbvestmeht incorne 8ank interest IA07 1.407 Othw incom Total Income Expendiiure on charllable actlvlts Insurance Website costs Subscriptlons Repairs and maintenance Depreciation Accountancv Postage and stationery 1,0?2 210 80 1.920 1.002 LO72 210 BO 1.920 4,599 968 46 3.551 Ttstal expèndiknw 5253 3,551 8.850 Nel Income I lexpenditurel 13.846) 13,551) 17A431 Transfets betwttn fin N•t mo¥em•nt in funds 13.8461 13.5511 17.4431 Retoncillation of funds- Total funds brought forwarfl Total fvnd5 rrIed f<wward 180,468 176.622 306 260 328.657 325.106 509.431 501,988 io
XlnBsbuTBh Forest Twust t4¢)te to the Fin•ncl•l Statements Icontlnuedl for th¢ Year Enthd JI JaNary 2025 Tan8ible fmed ass•ts ForÈ51ry land Road and IdIn85 Plant and equipment Tota15 At l Februafy 2024 Additions At 31 January 2025 198.500 224A08 428.513 I9 2Z4X 429J56 Oepreclation At l Februzry 2024 Charge for the year At 31 January 2025 52.(KLI 4,496 56.496 4.624 214 4M38 56,624 4.710 61.334 Net book Value At 31 January 2025 198.5( 168312 L210 368.022 At 31 January 2024 198.5(X) In.8( 581 371.889 Debt amtwnts fallini due within one ¥ear 2025 2024 Prepayments and accrued income VAT 129 3,271 133 3273 Credltors: amounts tallini duèwlthln one year 202S 2024 Accrued expenses 12.642 12.642 875 875 li
Twburyh ForestTrnst Note to the financial Ststernents IntInUeI for the Year Ended 31 January 2015 Mo¥ement In fvnds Net movement in funds At 1.2.24 At 31.1.25 unrestr1rt funds General fufid 176.622 17.778 158.844 Restrfrted funds 818 Lottery 260 391 221 EndIrnent fund5 Forestry land Track 198.SC 126.6C 198.500 123.055 13,5511 325.106 13,5511 321.S55 Total funds Y>I.98B 12L3681 480.620 Nel movement in funds included in the above a as follows.. Incomin8 iesDurces Resources expended Movement in funds Transfers Unrestricted lunds Genefal fund 1.869 19.647 117.7781 Restrlcted lunds Big Lottery 39 1391 Endowment fvnds Track 3.551 3.551 Total funds 1.869 23.237 21.3681 12
King5buryh Forèst Trust 14ote to the finandal Statements Icontlnued) lor theyear Ended 31 January 2025 Related party disclosure There were no re13ted party transartions for the year ended 31 January 2025 or 31 January 2024. 10. Employees The average monthly number of employees during the year nil12024 nil) 11. Independent examinerfs remuneratl(bn 2025 2024 Fee for the preparation and independent examinat of annual account5 Fee for the provision of business support services 610 173 783 595 373 13