Charity wbtratlon numb•rSC005379 IS¢oll*ndl SHARP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
SHARP LEGAL AND ADMINISTRATIVE INFORMATION Truste Charfty number Iscoiland SCL)J5379 Prln¢lp•l Addrg DiwtsKJn ol Mo1131 & Clin1 M8di(#n8 Nin1 Hospit 8 Mediol SdK¥ Mailbox 1 Nirrfwells A¥u• Dundèè DD19SY Ind•p•nd•nt •x•mln•r Murray ALKM LNied 10 Muiray Lan• Mctro58 Angus DD10 8LF Bankern The Royal 8ank of So)Iland 3 Hwjh Slreel Duns*e D01 9LY
SHARP CONTENTS Chaiman's ststemenl Trustees report Independent ¢xamine¢$ rewt Slalemenl of financial othiiies Slalemertl of finandel polOrb Notes lo the fin8nty¥l stslemwts 10-16
SHARP CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 JUNE 2024 CHAIRIAAN'S REPORT JULY 2023 TO JUME 2024 The key develo eai has begn thtr 8 Secreiary and Treasui8r minislrator, as offKjal appoirile¢ as eeting In January and ha5 since been managing 8drninOstratNe dut8. enl ;his Vic• Char Folknwng the ure our prevU$ harily A(Iminislralor at the Annual Gener81 arch ntl Fundi Inibatfves The first SHARP stmr Sludenlship PfogranYTre ISSSPI wlwch prwdes three slvdenls £10CQ each In orler to rtth m in conduc research In (2rdtovaSLqr disease dun the summer holidays w&re awarded to (Dvndoei, luLqsgowl and IEdintyJrgh}. enjoyed Ihg ' speed presenlalions. durin our ASM. lea The Sern research inthatbve we laued was tho SFLARP Nalwal Propct Grart, wrding up io t50tKo t)vw 3 years towards a nalwjnal proje ¢ardp)vas¢ubr disease$ alne{l wilh Ihe ams and objecty.ves of SHARP. The 1n1 wlnners weie rorn the Universty ol Edinbuigh IT risks and prediclors ol mapi c8rdiovascul8r and c8r•brovascular evenls (MACEI 8ftei stroke due lo Intracerebral haemorrhage IICHI.. an imerngtionol indithdual porti¢ipgnt data mfylwnall$ IIPDMAI arhy Irom Glasgow Caledonian Uniyet311y Imolivaliry A¢lwrty wth g Wa"ng axwciso teha nui c aiige InleThenlion and El8ctrlcal Btlmu13tion Remolety In Fople wilh Inlem)ittent CloudulThi IMAVERICI: b fe8wblily random4Èd conlml@d IrS81.) * look lOard lo hearing the resulls of Iheir projects in th8 near future. Summèr Sttyyentshlps were •lso ranted w) 2024 ar#Y we are ardees were.. A furthw ¢8ndKSale has been lo be tundable bLtI leadY accepleil &nolhei 61udenlbhip. They will still prgsenl at theAnnua Me811n9 In Novernber 2024. as•d lo r t a lo181 of S 8ludentsh¢¢ h8Ve The rtual wgbinar 6erie$ undgr ts broad theme of"EvKl6n¢o upd88. management of . and when to referf on Tgams has been very well received. The response has far excwdeos e¥kwI8IKsn8 Wg havo h4d 8pproxlmal8ly 1 160 regislrats.ons for each ol Ihe we.nar$ Ihal have iaken place. Tlws l¥r we have had wtrbinars on Hyp8rt•nsion, Dtabeles, DyslipidaemTa. Stroke and Den eTal vascjjlar disease. Our last weibnar for ihe year w88 dolivorod by our Incoming Chaifman. pertensiijn In Pregnan, whth was very well w TrnstÈ8 8 rtsn We We pleased to wel¢ome s Trustee of SHARP. Vle also welr)med Scotts'sh Rugby) a6 our Patron alon9side (>Ul vurrènl P8tron SHARP Is delighled to work Y+ilh the 81HS and have wganised a yJnl symwsiurn on Friday 28th Seplemb8r 2023 al the annual BIHS Soonln)¢ rtetg In Aberdeen. This meetng was a f8swnth"n9 SusS and lh8 lewJb receed was excellent. Isci ntific M 2023 mtsved ba( lo more familiar l•rrrfory al Iha RCPE for Iiie 223 ASM. The theme was t1 Envlronmenlal Impac4 on Caidits¥ascul¥r Dbsèase and we wwe de h1 lo h8ve Swtti5h x.rlS in Ihp are8 speak. The Opening Keynolv LeGluie was ddNeted by Cha.'r ol Va5culai who w Medicine. UnNersty ol Dundee and the 2023 SHARP Keyn• Lfjciurè was Ive( by BHF Duke of Edinburgh Chair ol Cafdiol at Ihe univers ol Edlntrrgh and a longsiaiiJirig lend and SbFPOtier of SHARP. We also heard fr GP in Lbjrthe Prmary Care inibaltves to ensurp suslainatx.lrty pta¢lice. Annual Sty"entffi¢ Meeli 2024 Most of Ihe •ctivily of TnJstÈès and Ihe ExÈOje Commbliee n 2024 [cSSed on the organi5al)n of Ihe 2024 Annu81 meetg. A deu5ion has teer made lo retum tr) Crieff Hydro for a 2-day meeting on 2151 and 22nd November 2023. Othef venues have been consid8red werè not atl8 lo prowde a compÈMve ofle¥, The prograrnme is curventty ben9 fin#lised
SHARP CHAIRMAN'S STATEMENT (CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Do arè plwdsad lo share Ihat Perth Grarnmar $bJdents Sdecl SHARP for thew Youth Phil•nlhiopy InlIatIVe IYPII proie¢t. nK)tivated by peTsonal cnectY to art heath. The YPI ccrfnpelitwm ernpowers th8nls lo advocate foi a ch4Fty. wilh 8 £3.( donat awarded to Ihe team. hrill d announce thÈy woft the CJWtttn. seojiing the £3,(th &)natI for SHARP. We are gralefvl lo nd The WJd Foundalw for supp)rting YPI and lo P•lh GrAmm#r Sthol for Iheir partner5hlp. Dalè.. 13 January 2025
SHARP TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2024 The TFUStees presgnl Iheir amual r¢pyl aThJ fjnanual statements foFthe year ended 30 June 2024. Th8 financial st•lemenls have been prepared accordm wilh the accounttng policips set oul in note 1 to the finarn¥al slateme$ and compty with the cknarity's governing doc#Jment. the Charitses and Trustee Investment (Scolland) Act 2005, the Charrties AcCnIS IScoilaTrdl Regulations 2[ las arnended) and "Accounting and Reporting by Charities.. Statement of Recommended PractTh apprat11È lo charibes Pfeparirg thèir aecounts in acry)rdance with the Finangal Reporbng Slandard oppli¢at4e in the UK a1 Repubts"c of lieL4nd IFRS 1021" (effective 1 January 20191. ObJ•¢tlv•• and •¢tlvitiB¥ To Pfomole the ncept of prevonlion of card4$cUlar diseases. kn prnmary Gqre, Sn hospltal pr8cllce and in the cKJmmunily and in furtherance Ih&reol but t1 other4ViS&'. a. lo bring It)gelher in conferenr£ Tewesenthlives ol lUntAry organizalKJn$. govemm8nt deparfments, $tatLrtory aulhoiilies and indiiduals (both medical and paramedull.. b. lo prornoto and carry oul r8se8rch. survey$ and invosligations an¢J pu11 Ihe useful r8svlls Ihereot, . lo assist in th8 organizalion ol exhits'tions. ftwetings. ledures, da$ses. seminafs and trainirrfd courses end clher gducalional acIN'e$ d. lo collect and dls8eminalè infom)alJon on carthowasr1 dl8ord6rs by Approl81é mèans. Public benefit Th¢ Trustee$ have pald due ogafd lo 9dae hssued by the Office of leh Seottish Ch•rty Regulator and the Chorty Commission In what adivititis th8 charity 81MyJld undertake. A¢hl•v•ment• and p•rl0rnnC Sffgnific8nl 8clivi1185 8fRd achieveTrn15 ag8iiist obi8cfv've5 The significant adivili¢s and a¢hievernenl$ are all outlird in chairpers,$ reFQrt. Flnan¢i•l r•vi•w The statement of Finanoal Actiwties shows that the charity has made a deft of £39.879. The #im of Ihe Charrty its to break even each year. However this year the ¢Onferen costs outstripped the a560tyaled incom. Al 30 June 2024, the tharty hekj unreslri¢ieJ lun¢$ of£257.996. Rfjsemes policy Policy on reseNes The trustoes have èstablishg4 a WebY the not c¢mmth¢d shoukl be betrn 3 10 6 months of the resources expendeil. Maiorrfsks Tho Trustees have assessed the major ri8ks lo whith Its chanty is exp05ed. 8rNJ are satlsfied that 8yStem8 are plaee to miti9al• exposuie to the major risks.
SHARP TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Maiorrisk and mana5wnont of tIM)se risks The Exe¢ulive Commrttee has assessed Ihe mapT risks to WWI the dArity is expos&d. in particular those rolaled to the opecalions and finances of the charity. and is saiisfd lh syst8ms ar8 in place lo mib.gate Ihe d)3rtty's 8xpDstsre lo the major Tisks. Fln•n¢lal In•trUm ObJ8cliv8s andpolicS The Charity's actiMties expose it lo a numbef of financial Tisks in¢ludng credit risk, cash ftow risk and liquidity risk. The use ol finan¢wl defivalives is govemed by Ihe tharity's polioes approve(J by the board of trustees, which provide writt8n prirripks on the vse of finan¢i81 derivalives to manage these rth. The d)arty does nol Ltse derivative finanu81 instruments for $¢culabve purposes. C8sh Ilow rfsk The Charity's actiwties expose it prlmgritry lo the ffinancial r6ks of thanges In interest rates. Intefesl bearing assets and liabilrties ar& held at fixed rale lo ensure certainty ol cash flows. Cret't risk The Ch8rlty'$ priwpal ffinand31 assets are bank balancs cash, trade and other roceivables, and InSIm&t5. Th8 Charity's ¢re(1rt risk is Primarily atlnbutable to rts Ifade receivabk$. The amounts presented In Ihe balance sheet are nel of all¢)wance$ for doubtful receivables. An allcthance for impaimenl 1$ made where Ihwe is an id¢nlrfied loss event Whh, based on PTevh)u8 èxpeiionce, is evidence of a reduclicffl in Ihe re¢overability of the cash fl¢)ws. The creail risk on 14uid lund8 and derivative finanaal instrumgnts limrted bec8use the counterp3rtles ar8 bank8 with high credil-ralings assigned by intemalKJnal credit-rabn9 age1?$. The Charity has no 5vJnffjcant cuKentration of credit risk. with exp)sure sprèad over a large number of counlerpartitrs and cvstornefs. Plans lor futur• p¢riod• The trustees look fOard to working dosety wrth olMr ¢yganisatths vthith share rmmOn obie¢iive8 with SHARP and al80 to Ihe Annual SdenlrfK Meeth"ng. In addition lo the annual $cntIfiC meeting re9M)nal meelings (tntinue lo bè enraged. These regional m8alings supported by e(lueAtional grants Irom a number ol ph8rmaceulical rThnpanies have atso not been easy lo organise and companies continue to ralJ"onalise Iheff adrtY lo cA)fflpty with the new Code. The trusleo$ continue lo encourage SHARP meMr$ lo ¢on%def arranging fvrther local ffleelings not only for their edu¢8lion81 value, but also to raise awareness of SHARP throughour S¢olland and lo encouTag8 new membership. Advi on how lo access ffinarrial 8UPFQrt lor Ihe8e meetirvJs is available from the SHARP office. In addition to the abcve, Ihè charity also intends to secure ts"r lon94erm lUlu by encouraging new. younger IndSwduals lo become members, and possibty trust•es in the future. The Twslee8 01 SHARP remain committed to the on-going sUC$S of the organis8bon and in¢rea5ing our ath'vily in the promotion of good praclice and awareness of all asp¢cts of cgrdKi¥asoJlar disease preventlD and treatrnent.
SHARP TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Structur•. gov•rnanc• and management Natur& ofgov8ming docunn¢ The charity wa$ Pated by • CoDsUlutK)n daled 13 septem 1988. Th¢ ¢fwrfty is adrninislergd by an Execulive Committee. Memb d th Exo¢ukn"¥8 Committ8é eled by thè trust8eS. No ¢fficÈr with excplTh of Treaswer shall hold offKe f¢v mc¥e fwr ¢serJ"Ve years. The Trustees vtho Sml dunw Ihe year and w to the date of $wtU oflho ffinanual st8twn8nts weffj.. RgcNitm8nt and apwntmenl oftwstees The Trustees may. at any tlm8. apwlnt any m8mber to be a fwstee arbj Twslees will be ralrfd at the fdbvAng AGM. The Truslees rnay at any tsm8 appoint any Trust00 ertw on th8 ba%s Ihat th8y have spetiali81 expertence antjlor (ills whKh wjtd be of a5Si51ance io the chanty. The ¢harity recruts Trustees as reouired Un9 a mix of open recru¢lment Inks within Ihe communities il serve$. A regular sklls audit is undertaken lo ¥Jenlty any gaps wthln the Boaro whh also Informs reciuilment. Nwe of the Trllst has 8ny t*llefic4al interest in the wmpany. All of Ihe Tnjstees are members of the company and guafanteg10 o)ntribuL9 £1 in the event of a winding up.
SHARP TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Orgarsalional structu The Executive Cummittee wels on a QUr basis lo assess granl And de81 wlh Ihe strategy ol the charity. The day lo day adrninislralion Is Carr out by the tsS Adfflinthator and Assistant 8usin•ss A¢Jministrator. The Executive Commbttee at dale ol this rekKyI Are strn on page 1. ststem?nl of Tru•tsos r••ponlbllltlos The Tnjslees a responwblo lor preparin9 th• TfUStee$ ReFXt and Ihe fmanaal slalenwls In 8c£oréance wth pplicable law and Unrted KinOffi Ac£(nI1 StaThJards Iunlted Ge11Y Ac£ountlng PrActicel. Th8 18w applica9 lo charit$ In S¢olland requires thu Tw8t•es to prepare fmanclal stalemenls f¢Y fingn¢y•l year whi¢h g8 8 true and fair vwi of the 51ale ol aff8irs of the tharity 8nd ol Iho incoming resourcs and appltIOn of r480ur¢es of the charty IrK thal year. In proparing thèse finarKial staMentS. thè Trnstees are required lo.. . $91dr shable a¢rJ)unling polK¥ and thon appty Ih8m eon51slenlty". . obsèvv8 Ihe methods and vinci85 in the Ch#ntw S(YlP: - make Iltdgoments Ond 68llln¥le$ lh arg reasonable and prud8nl: - state whether gppluble aCC¥nIj stsndgrds have been fcltrwed, $ubJ¢d any ffol•ri¥l d0Partu$ dls¢losed and M)L•'ned in tho finanCk 8tslements: and - yepare the finanrAal Slaiements ¢)n Ihe gc¥ng corKem bosls lIes¥ fl iy inappropriate to presuma that the charity will continue in operotsm. Twsteos are sponsIble le4 keeping suffent acc119 reexjrds that disdose with aSOnable #¢¢ura¢y al ony time Ihe fin8nu81 K&silion of the charty and erwty¢ Ihgm to ensure th81 the linancial st8lefnents cornply wilh Ihe charl13 and Tru8lee Inveslrnenl IS0)Uandl Aa 2CMJ5. the ChaTfties A(Unts (Scotlandl RegulaticS 2006 la$ amended) and Ihe provi8w)ns of the Iru5t deed. Thw are also respons11 l( safe9uardiro thÈ assets of the charity and hen¢9 for iaking reasons• st•P8 Ic 1* yewntkin and deted•Jn of fraud and otr irr8gularltios. The TtU8tee$ r&wrt wa5 approNwl by Ihg Board of Trusle¥s 13 January 2025
SHARP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHARP I report on the fanc4a1 Statemen15 01 thg charity for yèar 8ndgd 30 Junè 2024, are sel oul on pages 8 10 16. R•¥pectlve r8$pon8lbiliti•# ol Tw$t••s and •xamlngr The ¢harity's Trustees awe re3p¢Msible for the preparatiM of th& IarL1 slaternents aoxrdance with the tèrms of Ihè CharitS aTrJ TnJ51ee Invèstm8nls ISurtlaThJ} Ad 2005 and the CharilS Accounis ISGolland R•gulgllon3 20CO. The charty's TNstees consider that Ihe audit reqviremenl of R6gulation 1011118) to {¢) of the 20C Acwunls RegulatnS does not apply. ll is my iesponsibihty 10 oxamin$ lh& finanual ststements as requwed under section 4411llcl o11hè Ac and to state whether pawlar matters hwo como w my attent¢on. B•Jh ol ind•pMdent •xamlnerfi ststem• My exarninatyQn 1$ carrie(l oul in aw)rdance wilh Repu11¢#) 11 ot Ihe 20C6 Acc<Junts Regulallons. An exarninalK)n ineS a revitiw of th8 ¥c(nI19 reDJrds kept by tharty and a mparIson of the finsnclal statements presenl8d with Iho$8 red$. li alw indLs consi(Jerabon of any unusual ilems 01 dSs¢losures in the financial staternenls, and seek¥ expL3naliorK8 fr(m It twstaes n¢emin0 any sy¢h maller3. Thts pro¢4dures uTrJertaken do not provide all Ihe evpJefKe th requwed in an audit and coDsequenUy I do not expreB8 an audit Oplnion on the Wew gven by the ffinancial stst8rMnls. IndIndnt ex•minerf •tst•mnt Your allontbn is drawn lo the lad that the tharily has wepared financial slatements In accordance wilh Accounling and p)r"n9 by Charities plring Ihesr 8c¢ounts ffi ae¢ord3nee wrth the Flnancial Rtportlng Slandard applicoble In ihe VK and Repu ol Ireland IFRS 102) in preforenc lo Ihe Accounling and Reportin9 by Cl)g1i11gs.' Statomenl of Recommended PractKe issued on 1 Awil 2005 whth i4 relèfred to in Ihe extant r•gulalions but has now beÈn wilhdravm. l und&rstand th•1 thbs h&$ b••n dthi• m trder finarK4al ¥taiement8 to PYOVKle a In and lair in accordance wllh Genefaty AcLxpled Act(yJnttry Pr&lr effeth. for r¢wtwvJ wriods b¥gning on or èfter I JaThJary 2015. In ConrctIon wllh my exarnlnallon, M other rnottef ex(W Ihat ielwred io in the rxevw$ wagraph has ¢omg to my attenlion.. lai which gives me rea8onab cause lo beheve Ihat in ary material resp¥¢l the iequifemenls.. (i) to keep acu)unty'ng ieclxds in acrL*rd8n¢è wilh 44111 (al of the 2W5 Act and Regula.¢• 4 of the 2006 Accoun15 Regulation$. and (ill 10 prep8rè finandal statemen15 whKh accord with th¢ OttotIng irdS wNh ReauLqtion 8 of the 2006 Accounts Regulalk¥ns". have not been met or bl to whlch, in my opnion. attenlw jId te dr•wn In order lo enable a prw uTrJeTslanding of Ihe statemen15 to be reac1¢. Muiiay Tdyloi Abdit L117111ttd Chartered CertrfRd A(XX)unt1S 10 Murray Lane Montros¢ Angus DD10 8LF Dolad". 13 January 2025
SHARP STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unmtrlctèd Unr•strictsd fund$ nd8 2024 2023 Incom• from: DonatH)ns and legaraes Charitable ath'vilie8 Invèstments 17.996 17.599 4,557 1.490 12,250 2,515 Total in¢om• 40,152 16.255 Expondllure on: Charitsbk adwities 80.031 Totsl •xp•ndliuf• 80.031 32,880 N•t exp•ndlturn Ind mov•m•nt In fund• (39.6791 116,6251 R•concSllatlon olfund•: Fund balance8 al 1 July 2023 297.675 314,500 Fund balanc•• •t 30 June 2024 257.996 297,875 The statement ol finaral adiwtitrs indudes gains and bsses recognised in the yeèr. All Irh>)me and expenditure d•rive Irom ¢onlinving èctivilies.
SHARP STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2024 2024 2023 Flxpd Properly. plant and equipment 13 Cwrmnt •819ts Trade and othe¥ re¢eivatAes Cash al bank and in hand 14 6.041 252.972 2,006 297,928 259.013 1.020 293,934 2,062 Current IlabSlhl•s Nel (xjrront *s$•ls 257,993 297,872 Totsl a•••ts less current Ilabllm 257.996 297,875 Th¢ lunds of th• ¢h•rlty Unre8lrlded fund& 257,996 297,875 257,998 297,875 The findiicial slaleriierls weie approved by Ihe frustoes 13 J8nLJary 2025
SHARP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting po15cie• Charlty infonnation SHARP is an Urdr00TaIed chanty gtLwled in Scotland.. 1.1 Ac¢ounlln9 conventlon The financial statements have been prepared in accordance with Ihe chanty's eA)nstitution. the Charities and Trustee Investment 1kn1%l A(a 2LK15. the Chanties Actojnts (snd} Regula11n$ 2(yJ6 las amendedl and 'A¢¢ounting and Reporting by char"ÈS.. Stalement ol Rec4Jmmended Ptaclth applicable to charitiès pr¢parin9 Ihew accoLmts in aceofdanee wrth Ihè Financial Reporting Slandard applicabl& in Ihe UK and R&publi¢ ol Ireland IFRS 1021" las amended for 8¢(x)untin9 pen'ods commencAng from 1 January 2016). The rJ)èrrty is 814Jblic Bgnefft Entity as defined by FRS 102. The charity has taken advantage ol Ihe proviswJn8 SORP lor th8riliès apptyw FRS 102 Update 8ulletin I not to Prepare a Stalefflenl ol Cash FI. The f1nancial stalemenls are pfepared in stediThJ, whKth is Ihe lundinal cutyency of the charity. Monetary arnounls in Ihese financial 5tatemtrnls are lo the nearest £. The fingnoal s181ements have been prepar under Iho histo1 $1 ¢(venti¢?. The prinopal lnting policies adopleil afe sel out below. 1.2 Golng Co•M At the lime of approwng the fmancial ststemenls. the Trustees havè 8 rèasonable expectation that the charity has adequate resources lo ll¢nue in Operatal exislence lor Ihe loreseeable future. Thus thè Ttu$lg0S Continue lo adopt the going ncern basis of aCntIng in preparing the finanoal Stolements. 1.3 Ch•rllabl• lund• Unrestricted lund5 are available IN us• al the disu81n ol the TnJslees M) ftsrtheratrKe of thgir charitable oblgCtN88. Ro$tricted lunds are subject lo speofi¢ condilions by donors or graniofs as lo how they may be u88d. The purpos99 and uses of Ihe restri(xed fLtrKl$ are sèt out in the notes lo thè ffinancl ststement$. Endowment lunds are subj'ecl to sp8ufic ndrfS by Is)r Ihal Ihe capttal musl bg maintained by tho charity. 1.4 Incorne Income is cognised whon the chaiity is legalty enlilted to rt after any perf0MCe conditions have b8en met, the amounts can be measurgd rellay. and il is probable that Irwne 11 be receNed. Cash donations are recognised on Teript. Other dmaliorts are r8COgnised once ihe carity h8s been notified of the donation, unless performance dM)n$ rUlre deferral of the amounl. Income lax roo)verabl8 in relation to donations received under Grft Aid or deeds of covenant is recogni5ed al the lime of the donation. Legacies are recognised on 1pt or otherwtse rf the charity has been notified of an impending distribution. th& amount is known, and re(*ipl is exp¢¢ted. If the amount is Tr)1 nn, the legacy is trealed as a o)ntingenl asset. 10-
SHARP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting poIici•s Icontinuedl 1.5 Expendlturn All expendrture is recognised once Ihefe is a 1 N c(M)slru(J]ve obligati¢)n lo that frxpendllu, It is probable settlement is r8quwed and the amount can be measuied reliably. All ¢o$ls afe 311o¢ated lo the applicable expenditure heading that aggregate Milar costs lo that category. ere (x)sl$ cannot be difedly attributed lo particular headings they have been allocated on a ba&s C4)n51enI th the use of resources. wth Central staff costs alloGaled on the basis ol time sFent, and depreciation charges alto¢8ied on the portion of the ass8t'$ use. Other support costs are ealed bas8d on the Sprth of staff rsts. 1.6 Proprty, prtt •nd wulwmnt Property, plant and equipment afe inilialty measuied at o)sl aTra sub$eWllY measured al cost or valuation, nel ol deprKiation and any impairment10s5es. Oepfeoation is fecognised so as lo write off the ¢osl valualw of assets sS their T8dal values ovèr their uselul lives on the following bases.. Printer & sranmr Computer Computer equipm&nt 33% redj bal8 33% reducing balance 33% redr¢ balae The gain or kjss arising on the disp)sal ol an as is detemtneo as Ihe dffler&nce between the le proceèds ar#J th8 carrying va0 of the asset, and its rè¢ogntsed wi the slalemenl ol finanoal aCtivikn'. 1.7 Impairm•nt of nanwcurr•nt M•ts Al each Teming end dale, the charlty rev$ the carrying amunts of its tsngible aysets to tjelemlne whether there is any indication that IIK)5e assets have suffeied an impaimienl Ios5. 11 any such indie4lion exists, the recoverable amLwni of Ihe asset eslwnaled m er to Jetemiing the gxtent of the impairrnanl Jss (if any). 1.8 Ca¥h and c•¥h •qulv#l•nts Cash and ¢a$h eqUalen1S indude cash in hand. deFOSit8 held al Call wilh banks. ot1r short-lerm IIqLMd inveslmenls %ilh original matUritS of thr88 or 3$. and bank overdrafts. Bank overdrafts are Shown wilhin bottowings in ent liabilities. 1.9 Flnincll In#trum•nts The ¢hanty has ekcted lo apFty th• w0vis)nS ol Sedion 11 '8a¢ Financial Instruments, and Section 12 'Other FinaneJ81 Instrum18 Issues. of FRS 102 to all of its fmanoal in8tNmenls. Finaniyal instwmenls ale regnIsed In the charitys balance sheet when the dwrity becomes party lo the contractual provisions of Ihe instrunwnl. Financial assets and liabilities are offsèt, with Ihe nel arrKJunts pre5en(ed in the finanaal stalemenls, when there is a legalty enforceable righl lo sel off the re¢ry3nised amounts and there B on intention to settle on a nel basis or to realis8 the asset and settle Ihe liatylity simullarcwsty. Ba$1¢ fln•n¢l•l assets Basic finanoal assets. which iude ITade and receNables and cash and bank balarKes, are initially measured al Iran5action PFKe induding tramsaclM)n ¢osls arKI are subsequentty carried al amortised cost using the effective interesl methLKI unSS the affaryemenl tx*)ststutes a financing transaction, where the tranSactn 1$ measured at the present value of the future ie¢eipls discounted at a market rate of interes1. ingnaal asseis cLassifJed as receivab Wit"n one ye818fe not amrtised. 11
SHARP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Actountlng poll¢l•s {Continu•dl a1¢ fi¢1•1 Ilabllltl•s Basic finan<#al liabilities, including trade and other payables and bank h)ans aro initially recogni5ed al transaction pries unless the aThangemenl (y)nsts"tules a ffinanc4ng transaclion, where the debt instrument is measured 81 the pr¢sent value of the futu P8yments discounted at a mwkel rate of inlere$l. Tinar181 abilit$ dassrfd as payabk within one year are not amortised. Debt instNmen15 a SLJbsequenty carried at amorlised cost. uwn9 the effeL#i¥e interest rale method. Trade paYabS aré oblvJ¥lions lo pay lor goods or seNces thèl have boen acquired in the ordinary ¢ourse of opèrations fmm yjppliers. Amoun15 payable are d8sSrfd as rrn1 liabilrties il payment is due within on8 yeac or less. 11 not. they are presented a$ non-current abIllI&es. Trade payable$ are recLJgnised inibally al transacli¢)n piice and subsequontty m&asured al amorlis¢d s1 using the effecaive interest method. Derecognition olftnancial Ilablliti•s Financial liabili1$ are defecognised when Ih? ¢harity's c4ntr4¢aual oblKJalths expire cv are discharged or cancelled 1.10 Employ•• n•fits The cost of any unusad hohday enlitltimenl 1$ i¢cwNse(l in Ihè period in whlch th& employgo's s&rvices ar8 rec£ived. Termination bertefils are recognised immediatèly as an expense when Ihe chanty is demonstrably commilled to terminale the employmenl ol an employee of lo provide iem)inalion benefrts. rllk•l •¢¢guntlng Mllm•te• •nd ludg•Thnts In the application ol the thaiity's ac¢ounthng 1¢*$, the Truslees are requir lo make judgements, ostim8le5 and assUMptn$ about the rryIng am¢)unl ol assets and habs'lilies that are not readily apparent trom other souices. Thè estimates and assorialed assumptions are based on hislorical experignce and other factors thai are conwdered lo be relevanl. Actual resLdts may dffler from these e5limales. The estimates and undertying assurnptns are reweNea on an ongotng basis. Rew5ions lo accounting estimates are lenIsed in period in whth the eslimale 1$ fevised where the revision affecls only that period, or in the perbd of Ihe revisp)n ond future pwiod3 whare Ihg aff8Ct5 boih current and fvlure riods. Incom• from donat10 and lfr9•¢1o• Unrnstrl¢t•d funds 2024 Unrngtrlctsd funds 2023 Donations 8nd grfts Membership fees 17.546 450 17,996 1.4 12-
SHARP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 30 JUNE 2024 Incorne from charltsbl• •¢llvlll•• Unrestrl¢trd UnY•slrf¢tod funds fundB 2024 2023 Conference irwme 17,599 12,250 In¢ome from In¥IM&n Unrestrlctsd Unr••trlct•d fund• lund• 2024 2023 Inlere$t roceivab 4,557 2.515 Grnnts p•y•b Unmtrlct•d funds 2024 Grants lo individual$ 43.010 Ch•rltsbl• a¢dvttle• Unrtstrlcted Unmtrlct•d rHeThe• reserve8 2024 2023 Conference Djsts Po$t8ge and stationery Websrte expenses Administrator costs 15.510 25.538 118 333 20.158 2,902 36,IK11 31,200 Grant fundirvJ ol acttwl*s l$ee rKJle 6} Share of governance $ts (see 91 43,010 1,020 80.031 32,880 13-
SHARP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 N•t movement in fund• 2024 2023 The net movomgnt in funds is stat8(1 after ch8rginW{uedth"ng): Support costs allocated to •ctlvill•• Totsl 2024 T¢)tsl 2023 Governancts 1.020 1,880 2D24 2023 Governanc• co•ts comprts•: Legal and prolessional Independent ex8rnination fèe8 1,020 1,080 1,020 1,880 10 Trust During the year the no trustee receivad a sa*.12023- NILI 11 Employ Thts average mnthly nLKthr ol efflpb)yee$ during Ihe year was.. 2024 Numb•r 2023 Numbèr Total Thèr8 empknyees whos¢ annu81 remuneratrjn was mfft than £60.0. 12 Taxation The charfity is exempt frLNn tsxatitin on ts 8th"vth"es because #ll ts WKgJme is applied for drilab purposes. 14-
SHARP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 13 Prapertyp plant and •qulpm•nl Compl Computor •qulpm•nl Total Co•t At 1 Juty 2023 1.521 1.835 4,802 AI 30 June 2024 1.521 1,835 4,802 D•prn¢latlon and Imp•lrnxnt Al 1 July 2023 1,520 1,445 1,B34 4.799 AI 30 June 2024 l.S20 1,445 1.834 4.799 Carrylng mount AI 30 Jijne 2024 AI 30 Junè 2023 14 Tr•de and oth•r r•G•lvabl 2024 2023 Amounts f•lllng du• whhln on• year. Prepayrnenls and a¢¢nd incom& 6.041 2,OC6 15 Cvrr•nt IlbllltS• 2024 2023 Othe¥ laxalion and scwl $e¢urity Accwals and defer M)me 1,042 1.020 1,020 1,020 2,062 16 Unrnstrlctod funds Ai 1 Juty 2023 Incomlng r•sourc•s RourceS expended At30 Jun• 2024 Scottish Lj kJnd5 General fvnds 10,845 287.030 10,845 247,151 40.152 {80,031) 297,875 40.152 {80.0311 257,996 15-
SHARP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 16 Unr•$ffi¢tod fund• Icontlnutsdl Pm¥bou yer At 1 July 2022 IomIng R•¥ourt •xpend At 30 Jun• 2023 Scottish LipKI lunds General furKIs 12.091 302,409 11,2461 131,6341 10,845 287,030 16,255 314.5 16.255 132.8801 297.675 17 Relatsd p•rty tr4n•a¢tlon• There were no disdosable rted party tran68ctThs ¢knw)g the yegr12023. none). 16-
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