REGxsfERED CHARifY NLIMBER: SC047505 AN DIT EN CIB Servi Chartered Accountants 63 Kenneth Street Stornoway Isle of Lewis Western 151es HSI 2DS
THE ENERGY ON AL HEY Page Report of the Tru5tee5 Independent Examiner's Report ststement of Fin•ncial Activltle5 Balance Sheet Notes to the Financlal Statements 6 to 12 Detailed Ststement of Financial Artl¥itles 13
ERVI The trustees present their report with the finoncial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accountin9 and Reporting by Charities.. Statement of Recommended Practi applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Stèndard applicable in the UK and Republic of Ireland IFRS 102) leffertive l Janijary 2019). OBJEcfivES AND AcnvrrIES Objertlves and aims The organisafion's purposes are.. (al To advance ancl educate the public on 5U5tainability issues such as energy efficiency, produrtion and climate change,. Ibl To promote ènd advance environmentsl protertion or improvement,. {cl To lve those in need by rea9)n of age, ill heath, disability, financial hardship or other disadvantages linked to pch)r living condrtions,. and (d) Any other purpose that may reosonably be regarded as analo9OUS to any of the preceeding purFK)*s. SFecifically, tstkling fuel poverty where financially disadvantsged people cannot afford to heat their homes and subsequently become unwell or in addition face finan¢ial iJisadvantsge. Slgnlficant activities TEAS Secured fundirlg from the N8tKsnal Lottery, Robert50n Trust, Energy Redress, and British Gas Energy Trust to provide energy advice to householders in the Outer Hebrides. These grants, along with an annual grant from CnES, provide employment for 5.5 FfE, making a 5ub5tantial difference lo energy advice and fuel poveity services in the region. These projects a an essential part of the SUPPDrt available during a very uncertain titne for vulnerable householders affected by the cost-of-livino crisis. Close W01ng relationships conts.nued with several agencies, such a5 CrsES Finanaal Inclusion, Home Energy Scotland, Macmillbn Benefits, and the NHS, providing a comprehensive approach to energy advice. Funding from the British Gas EneTgy Trust began in April 2024 and will continue until March 2026, supporting 2.6 FtE. This funL1ing allows TEAS to employ an officer dedicated to the Southern Isles, improving coverage across the Outer Hebrides and providing better in-person support to householders these oreas. Having a dedicated member of 5tsff for the Southern 151e5 15 vrtally Important for Service delivery during these challenging times. Funding from Energy Redre55 also began April 2024 and will run unb'l MaTch 2026, 51JPPOrting 2 FfE stsff members and assisting many vulnerable, fuel-pxx)r hou5eholrJs throughout the Wesiern 151es. Grantmakln9 TEAS makes grants, donations, loans, gift5 or pensions to Individuals; makes grants, donations or gifts to organi5ations,' nd carries out attivities or seNices itself. ACHIEVEMENTS AND PERFORMANCE Charltsble activitle5 Energy Voucher Scheme secured fundin9 from British Gas Energy Trust and CnES to deliver an energy voucher scheme for householders in the Outer Hebrides. In 2024-2025, £44,900 wa5 awarded, enabling support for 394 fuel-poor homes through 1,182 vouchers. This inrtiative not only provided direct financial assistance bui a150 created opwrtunities for stsff to engage with households and offer èdditionèl support. CLLD Appliance Replacement Project TFAS also received funding from CommLsnity Led Local Development {CLLD) to replace broken, damaged, and Inefficient kitchen appliances for young families. The project supported 17 homes, delivering 22 appliances valued at £8,670. These intervention5 helped househok55 at a critical tirr>e and will contiriue to provide long-term benefits. Internal and external factors The charity is partially dependent upon the contintjing support of public funding agencies to assist In the ongoing delivery of the aims and objectives of the Organisation. FINANCIAL REVIEW Reserves policy During the year the charity's resources expended exceede(i income, resulting in a deficFt of £5,540 for the rI0 {2024 deficit of £6,981). Restritted funds decreased to £329,6D2 as a result. Page I
RT ETRU EE 202 RUCTURE, GOVERNAPICE AND MANAGEMENT Governlng document The Entrgy Advi50ry Se1 15 a Scottish Charitable Incorporated OrganisatiDn (SCIOI and octivities are 9overned by its constitirtion and reguLated by the offi ol the Scottish Charty Regulator (DSCR). Organlsbtional rtructure The iard consists of voluntary trustees who mana9e the affai of the charrty through board meetings. The board offer strdtegic d1ctiOn anrj oversee the governance ol the organisatson. Indurtlon and trn•nln9 of new trustees The charity undertakes training for trustees to ensure awaren and understsnding of... . the responsibiltties of trustee5,' the organisatnal slructure of the charity- the finèncial poS.0n of the charity- and - the future plans and obiectlves of the chanty. Wldèr network The tharrty ha5 estsblighed Inks wh other organisètions and agent$ to foster rhe airns and objectives of the organisation. REFERENCE AND ADMINISTRATIVE DEfAILS Regirterel Charlty number SC041505 Prlnelpal addre55 13-15 Franos Street Stomoway Isle ol Lewis HSI 2NB Tru¢t¥£ Independent Exèminei CJB SeNices Chartered Accountsnts 63 Kenr)eth Street Stornow3y Isle of Lewis Westem Isles HSI 2DS Pa9e 2
I rep)rt on the acLDuTrts for the year ended 31 March 2025 Set out on paFs foul to 1ve. Respective r¢sponslbilities of trustees •nd examlner The charity s trustees are responSie for the prepèrnbon of the accounts in accordance wlth the terms of the Charibes and Trustee Inve#ment15cotL8ndl Act 2005 and the Charrties Accounts Iscotland) Regulatn5 2006 (as amendÈd) The charity's trustees consider that the audit requirement of Regulation 1011)la) to Ic) of the Accounts Regulations does not apply, It is my re5wnsibilty to examine the accounts as required under SectK)n 4411)(c) of the Att and to state whether partr"cular matters have come to my èttentson. Basis ol the independent examiner's report My examinabon wès tarried oul in accordance with RegulJbon I l of the Chèrities Accounts {ScoUand) Regul3tiorns 2006. An examinatlon includes a rewew of the accountin9 records kept ty the charsty and a comparison of the actouThts presented with those reconls. It also includes consideration of any unusual rtem5 or disclosures in the accounts, ancl seeking explanations from yciu as trustees cDnrnIng any such matters. The p[Cedur uncsertaken do not provide all the evtdence that would be required In an auclit, ano consequently l Oo not express an audit opinion on the view given by the accounts. Independent ex•miner's $tstement In connection with my examination, no mètter has come to rny attention . (11 which gives me reasonable cause to believe that, in any matsTial respect, the requirernents to keep èccounling record5 in accoidance with Secti(M1 44(1)(a) of the 2005 Act ané RegLAatlon 4 of the 2CK)6 Accounts Regulottons. and to prepare accounts which acttsrd wtth the accounting records and to comply bNith Regulation 8 of the 2006 Accounts RegulatK)nS have not been met,. or (2) to wliich, in my 'niOn, attention Should be diawn in order to enable a proper under>tsndiTrJ of the accounts to be Q B Services Chèrtered Accountsnts 63 Kenneth Street Stornowèy Isle of Lewis Western Isles H512DS Date: ..... Page 3
R THE YEA 31.3.25 Total fund5 31.3.24 Totsl fndS Unrestritted fund Restricted fund Notes IIICOME AND ENDOWMENTS FROM Charftsble activities Charitable aLlivities 340,401 340.401 450.859 EXPENDrruRE ON Charitable activities Charitable artivities 345,941 345,941 457,840 Nrf JNCOMEI{EXPENDrruRE) (5,540) (5,540) {6,981) RECONCILIATION OF FUNDS Totsl fund5 brought foNard 335,142 335,142 342,123 TOTAL FUNDS CARRIED FORWARD 329,602 329,602 335,142 The notes form part of these financial statement5 Page 4
31.3.25 Total lunds 31.3.24 Totsl lunds Unreslricteo fund Restllc fund Note5 FJXED ASSETS Investment property 565.257 565.257 528,953 CURREPU ASSErs Debtors Cash at tkink 59,969 61,469 59,969 61,469 74,930 68.995 121,438 121.438 143,925 CREDrfoRS Arnounts falling due wthin one year io (111,081) (111,081) (87,581) Nrr CURRENT ASSErs 10,357 10,357 56,344 TOTAL ASSETS LESS CURRENT LIABILMES 575,614 575,614 585,297 CREDtTORS Amounts falling due after more than one year ij {246,012) (246,012) (250,1551 NET ASSErs 329,602 329,602 335,J42 FUNDS Re5trirted funds 14 329,602 335,142 TOTAL FUNDS 329,602 335,142 The financial ststements weie aF¢)roved by the Board of Trust and authorised lor i55ue on 17 Crnr 2025 and were Sign on ts beh3lf by: The notes form part of these financial statements Page S
HE YSE OTES MENTS ACCOUNTING pouaES Basis of preparing the frnancial statements The financial statements of the charitsble company, which Is a public benefit entlty under FRS 102, have been prepareo in accordan with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recornmended Prartice applicable to chanties preparing their accounts in accordance with the Financial RepoTts"ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Fina131 Reportin9 Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland ènd the Companie5 Act 2006. The financièl statements have been prepared under the historical cost convention. The financial ststements are prepared ir) sterting which is the funrtion31 currency of the charty. Going concern The trustees have assessed the charity's ability to continue as 8 going concern and do not consider there to be any mèterial uncertainties about the charity's ability to continue a5 è going concern. Financial reporting stsndèrd 102 - reduced disclosure exemptions The charity has taken ècsvantsge of the following disclosure exemption in preparing these finanoèl ststements, as permttted by FRS 102 The Financial Reporting Stsndard applTrcable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Critical accounting judgements and key sources of estlmation uncertainty In the applicatr'on of the chaTity's accounting policies, the trustees are fequired to make judgements, estimates and èssumptions that affect the amounts reporteol for assets, liabilrties, income and expenditure. The estimates and a550CVdted assumption5 are based on histori1 exrien and other factors that are considered to be relevant. Actual results mèy diffeT from these estimates. The estimates and assumptions are revlewed on an ongoing basis. Revisions to accounting èsttmates are recognised in the period in which the estimate is ievi5ed and in future periox15 should it affect future periods. The estimates and assumpb'ons which carry a higher degree of risk of causing a material adjustrnent to the arrying arnount of assets and liabilrties are as follow5- Investment property Investment propertie5 which are compkted are valued in the accourlts at the mD¥( recent valuatton. Properties under con¥(wth"on are valued at the costs incurred to date. Inctsme All income is recognised in the Statement of Financial Activitie5 once the chanty has entrtlement to the funds, It is probable that the income will be received and the amount can be measured reliably. The following specific policses are applied to particular otegories of income-_ Grants generated to 5UPPOrt the objects of the charity and without further specified purpose are tsken to the ststement of Financial ACtIvleS in that period. Grants received which are relat& to capital exndrtUre or are for a specified purpose are transferred to Restricted Funds and are uti115ed to fund the future depreciation of the related capital expendituie of fund the costs relating to the specifiecl purpose. Expenditure Liabilities are recognised os expenditure as soon as there is a gaI or constr4Jrtive obligation committrng the charty to that expenditure, it is probable that a tTansfer 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 dassified under headings that aggregate all c05t ielated to the category. Where costs cannot be direLtIy attributed to particular headings they have been allocated to activities on a basis consisterkt with the use of iesources. Page 6 continued..
RY RVICE FOR T D31MAR ACCOUNTING POLICIES - continued Charitsble actlvities Charitsble expendrcU comprises those costs incurred by the charity in the delivery of its objects and artivities. It if>cludes both costs that can be allooted diFertly to such artivitie5 and those costs of an Indirect nature necessary to support them. Governance costs Governan costs include those costs assooated wrth meeting the constitutional and statutory requirements of the dbarity and include accountancy fees and costs linked to the strategic rnanagernent of the charity. Allocation and apportionment of costs All costs are allooted between the expendlture categories of the Statement of Financial Activites on è basis designed to reflect the use of the Tesource. Costs rel3b.ng to a particular activity Jre all(ated directly, others are apwrtioned on an appropnate basts e.g. estimated usaoe. Investment property Investment property is shown at most recent valuats"on. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Ststement of Financial Artivf(ies. Taxation The charity 15 exempt from tsx on its charrtable artivities. Fund ac¢ountlng Unre5trirted funds can be used in accordan with the charitable objectives at the Oiscretion of the trustees. Restricted funds cèn only be used for particular re5tn.rted purposes within the objects of the charity. Restrirtions arise when specified by the donor or when funds are raised for particular restrirted purposes. Further explanation of the nature and purpose of each fund is incluoled in the notes to the financial statements, Financial Instruments The chaiity ha5 elerted to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '01her Financial Instruments Ts5ues' of FRS 102 to all of rts financial instruments. Finan031 instruments ore recogni5ed in the charity's balènce sheet when the company becomes party to the contractual PTOV15K)ns of the instrument, FiTranoal assets and libbilities are offset, wrth the net amounts PTesented in the financèal ststements, where there 15 a legally enforceable right to set of the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle to liability simuttaneously. Basic firiancial assets Basic fiThancial assets, which include debtors and bank balances, are initially measured at transaction price Including trans3ttion costs and are subsequently carried at amortised cosi using the effective interest method unless the arrangement constitutes a financing transaction, where the transattion 15 measured at the present value of the future receipts discounted at B market rate of interest. Finèncial a55ets claSSffi as receiwdble within one year are not amortised. Impairment of financial assets Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Derecognition of financial assets Financial assets are dereco9nised Dnly when the contrèctuèl rights to the cash flows from the asset expire or are settled, or when the company transfers the financial a55et and substantially all the risk5 arid rewards of ownership to another entity. Cla55ificatK)n of financial liabilities Financial liabilitS and equity instruments are dassified accordin9 to the substance of the contractu31 arrangements entered into. An equity insirument is any contrad that evidences a residuèl interest in the assets of the COmnY after deducting all of its liabilitie5. Poge 7 continued...
THE ER ED31MA ACCOUNTING POUCIES - continued Financial instruments Basic financial liabilities Basic financiol liabilitie5, including credito, bank loans and preference shares that are classified as debt are inttially recognised at transaction price unles5 the arngernent constrtues a financing transattion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial instruments classified as payable wiihin one year are not amortised. Debt instruments are sub5equendy carried at amortised cost, using the effeLtive interest rate method. Trdde creditors are obligations to pay for goods or serv*ces that have been acquired In the ordinary course of business from suppliers. Amounts payable are claled as current Iiabilttie5 if payment 15 due wrthin one year or less. If not, they are presented as non-curreTrt Isabilities. Trade creditors are recognised initially al transaction price and subsequently ffleasured at amortised c05t using the effertive interest method. Derecognrtion of financial liabilities Finanoal liabilfties a derecogn15ed when the compony's contrartual obligations expire or are Llischarged or cancelled. INCOME FROM CHARrrABLE AcmirriES 31.3.25 31.3.24 Artivity Charitable artivities Ch3ritsble activities Rental Incorne Grants 24,122 316,279 12,765 438,094 340,401 450,859 Grants received, induded in the èbove, are as follows.. 31.3.25 31.3.24 Tighean Innse Gall Brltish Ga5 ESF Redress Funding Nation31 Lottery Robertson Trust CnES Community Led L(xal Development Comhairle nan Eilean Siar 11,000 133,565 106,774 32,537 23,000 9,403 39,000 9D,790 152,384 89.184 25,300 18,436 23,000 316,279 438,094 Page B continued...
ERVI CHARABLE ACTIVMES CO Direct Costs (see note 4) Support costs {5ee note 5) Tots15 Charttsble ath"vitie5 344,813 1,128 345.941 DIRE Costs OF CHARrrABLE ACllVITIES 31.3.25 31.3.24 Rates and water Ltghl and heat Project costs Property maintenance Letting Agent Fees Office and ac1min1stratn Interest payable similar charge5 136 540 256,177 2,908 3,272 59,938 21,842 2,046 1,883 342,005 199 3,569 85,500 21,425 344,813 456.627 SUPPORT C5 Governance Finance Totals Charttable activities 167 961 1,128 Support costs, induded in the above, are a5 follows: 31.3.25 Charitable èctivrties 31.3.24 Total activitit Bank charge5 Accountancy and legèl fees 167 961 249 964 1,128 1.213 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remunerats'on or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 9 continued...
COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcrivmES Unrestritted fund Restritted fund Totsl funds INCOME AND ENDOWMENTS FROM Charitable artlvltles Charitsble artiv¢ties 450,B59 450,859 EXPENDrruRE ON Charitable activitles Charitable activities 457,840 457,840 NET INCOMEI{EXPENDrruRE) {6,981) (6,9811 RECONCILIATION OF FUNDS Totsl funds brought foward 342.123 342,123 TOTAL FUNDS CARIUED FORWARD 335,142 335,142 INVESTMENT PROPERTY FAIR VALUE At l April 2024 Additions 528,953 36,304 At 31 March 2025 565,257 NET BOOK VALUE At 31 March 2025 565,257 At 31 March 2024 528,953 DEBTORS: AMOUNTS FALLING DUE WH1N ONE YEAR 31.3.25 31.3.24 Other debtors VAT 59,969 72,337 2,593 59,969 74,930 Page 10 continued...
EFIN TEMENT tin ND 10. CREDThORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts (see note 12) Trade creditors Other credito 3,998 92.144 14.939 3,291 82,032 2,258 111,081 87,581 ii. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.3.25 31.3.24 Bank loans {see note 12) 246,012 250,155 12. LOANS An analysis of the maturity of loans is givern below: 31.3.25 31.3.24 AmDunts falling due wrLhin one year on demand- Bank loans 3,998 3,291 Amounts falling betsveen one and two years.. Bank loans - 1-2 years 4,340 3,600 Amounts falling due between Mo and fNe years: Bank103ng . 2.5 year 15,382 12,955 Amounts fallin9 due in more than five years.. Repayable by Instslments.. Bank loan5 more 5 yr by irsstal 226,290 233,$00 13. SECURED DEBTS The following secured debts are included wf(hin creditOTS: 31.3.25 31.3.24 Bank loans 250,010 253.446 The loan from Triodos Bank is secured over the property at 23 Scotlènd Street, Stoynoway, Isle of Lewis, Page 11 continued...
TEST 14. MOVEMENT IN FUNDS FUNDS General fund The general fund reprents unrestfirted fund5 which the trustees a free to use in accordance with the charitsble objects. Restricted funds This represents grants received from public funding agencies and trusts to assist with specified revenue and capltal cost5. 15. RELATED PARTY DISCLOSURES Tighean Jnnse Gall ITIG,) is one of members of TEAS. The other member of TEAS is e director of TIG. Durin9 the yeèr ended 31 March 2025 TEAS made sales of £n51 (2024 - £nil) to TIG and purch85ecl Services of £313,709 (2024 - £347,242) from TIG on a net of VAT basis. The amount owed to TIG by TEAS al 31 March 2025 was [90.892 {2024 - owed by TEAS £79,462>. TIG is a registered society delivering energy efficienry measure5 to householde,. the provision of an energy advice service,. the managernent of the Westem Isles Care and Repair Stheme,. the direct development of affordable homes and workn.ng with Hebridean Housing Partnership to develop affordable homes for rent or ownership. Page 12
GY ADVI DET EN OF NA 31.3.25 31.3.24 INCOME AND ENDOWME14TS Charitable artivities Rentsl Income GTants 24,122 316,279 12,765 438,094 340.401 450,859 Totsl incomlng resources 340,401 450,B59 EXPENDThURE Charltable actlvitie5 Rates and water Light and heat Projett costs Propety maintenènce Letting Agent Fees Office and administration Bank loan interest 136 2,046 1,883 342,005 199 3,569 B5,500 21,425 256,177 2,908 3,272 59,938 21,842 344,813 456,627 Support costs Finance Bank ¢hèrges 167 249 Governance costs Accountsncy legal fees 961 964 Total resources expendecl 345,941 457,840 Net expenditure {5,540) (6,981) This page does not fom) part of the statutory financi31 stètements Poge 13