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 Mo1￿131 & Clin￿1 M8di(#n8 Nin￿￿1￿ Hospit￿ 8 Mediol SdK¥ Mailbox 1 Nirrfwells A¥￿u• Dundèè DD19SY Ind•p•nd•nt •x•mln•r Murray ALKM L￿Nied 10 Muiray Lan• Mc￿tro58 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 po￿lOrb 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 dut*8. enl ;his Vic• Char Folknwng the ure our prev￿U$ harily A(Iminislralor at the Annual Gener81 arch ntl Fundi Inibatfves The first SHARP st￿m￿r Sludenlship PfogranYTre ISSSPI wlwch prwdes three slvdenls £10CQ each In orler to rtth m in conduc research In (2rdtovaS￿Lqr disease dun the summer holidays w&re awarded to (Dvndoei, luLqsgowl and IEdintyJrgh}. ￿ enjoyed Ihg ' speed presenlalions. durin our ASM. lea The Ser￿n￿ research inthatbve we lau￿ed was tho SFLARP Nalwal Propct Grart, wrding up io t50tKo t)vw 3 years towards a nalwjnal proje ¢ardp)vas¢ubr disease$ al￿ne{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 mfylwnal￿l$ IIPDMAI arhy Irom Glasgow Caledonian Uniyet311y Imolivaliry A¢lwrty wth g Wa￿"ng axwciso teha nui c aiige InleThenlion and El8ctrlcal Btlmu13tion Remolety In F*ople wilh Inlem)ittent CloudulThi IMAVERICI: b fe8wblily random4Èd conlml@d IrS81.) * look lO￿ard 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 upd*88. 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)¢ rt￿et￿g In Aberdeen. This meetng was a f8swnth"n9 Su￿sS and lh8 lewJb** rece￿ed was excellent. Isci ntific M 2023 mtsved ba(* lo more familiar l•rrrfory al Iha RCPE for Iiie 2￿23 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 Edlntr￿rgh 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 ExÈOj￿e Commbliee n 2024 [c￿SSed on the organi5al*)n of Ihe 2024 Annu81 meet￿g. 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 $bJdents Sdecl￿ SHARP for thew Youth Phil•nlhiopy In￿lIatIVe IYPII proie¢t. nK)tivated by peTsonal c￿nect￿Y￿ to ￿art heath. The YPI ccrfnpelitwm ernpowers th8nls lo advocate foi a ch4Fty. wilh 8 £3.(￿￿ donat￿ awarded to Ihe team. hrill d ￿ announce thÈy woft the CJWttt￿n. seojiing the £3,(th &)natI￿ for SHARP. We are gralefvl lo nd The W￿Jd Foundalw for supp)rting YPI and lo P•lh GrAmm#r Sthol for Iheir partner5hlp. Dalè.. 13 January 2025 SHARP TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2024 The TFUStees presgnl Iheir amual r¢pyl aThJ fjnanual statements foFthe year ended 30 June 2024. Th8 financial st•lemenls have been prepared ￿ accordm wilh the accounttng policips set oul in note 1 to the finarn¥al slateme￿$ and compty with the cknarity's governing doc#Jment. the Charitses and Trustee Investment (Scolland) Act 2005, the Charrties AcC￿nIS IScoilaTrdl Regulations 2[￿ las arnended) and "Accounting and Reporting by Charities.. Statement of Recommended PractTh appr￿at11È lo charibes Pfeparir*g thèir aecounts in acry)rdance with the Finangal Reporbng Slandard oppli¢at4e in the UK a￿1 Repubts"c of lieL4nd IFRS 1021" (effective 1 January 20191. ObJ•¢tlv•• and •¢tlvitiB¥ To Pfomole the ￿ncept of prevonlion of card￿￿4$cUlar diseases. kn prnmary Gqre, Sn hospltal pr8cllce and in the cKJmmunily and in furtherance Ih&reol but t￿1 other4ViS&'. a. lo bring It)gelher in conferenr£ Tewesenthlives ol ￿lUntAry organizalKJn$. govemm8nt deparfments, $tatLrtory aulhoiilies and indi*iduals (both medical and paramedull.. b. lo prornoto and carry oul r8se8rch. survey$ and invosligations an¢J pu￿￿11* 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 carthowasr￿1 dl8ord6rs by Appro￿l81é mèans. Public benefit Th¢ Trustee$ have pald due ogafd lo 9￿da￿e 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•rl0rn￿nC* Sffgnific8nl 8clivi1185 8fRd achieveTrn15 ag8iiist obi8cfv've5 The significant adivili¢s and a¢hievernenl$ are all outlir*d in chairpers￿,$ reFQrt. Flnan¢i•l r•vi•w The statement of Finanoal Actiwties shows that the charity has made a def*t 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 W￿ebY the not c¢mmth¢d shoukl be betr￿n 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 saiisf*d lh* syst8ms ar8 in place lo mib.gate Ihe d)3rtty's 8xpDstsre lo the major Tisks. Fln•n¢lal In•trUm￿￿ ObJ8cliv8s andpolic￿S 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 balanc*s cash, trade and other roceivables, and In￿SIm&￿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 allcth*ance for impaimenl 1$ made where Ihwe is an id¢nlrfied loss event Wh￿h, 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 age￿1?$. 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 fO￿ard to working dosety wrth olMr ¢yganisatths vthith share r￿mmOn obie¢iive8 with SHARP and al80 to Ihe Annual SdenlrfK Meeth"ng. In addition lo the annual $c￿ntIfiC meeting re9M)nal meelings (t*ntinue lo bè en￿￿raged. These regional m8alings supported by e(lueAtional grants Irom a number ol ph8rmaceulical rThnpanies have atso not been easy lo organise and companies continue to ralJ"onalise Iheff ad￿rtY lo cA)fflpty with the new Code. The trusleo$ continue lo encourage SHARP meM￿r$ 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 abc*ve, 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￿$S of the organis8bon and in¢rea5ing our ath'vily in the promotion of good praclice and awareness of all asp¢cts of cgrdKi¥asoJlar disease prevent￿lD and treatrnent. SHARP TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Structur•. gov•rnanc• and management Natur& ofgov8ming docun*n¢ The charity wa$ ￿Pated by • CoDsUlutK)n daled 13 septem￿ 1988. Th¢ ¢fwrfty is adrninislergd by an Execulive Committee. Memb￿ d th* Exo¢ukn"¥8 Committ8é e*led by thè trust8eS. No ¢fficÈr with exc*plTh of Treaswer shall hold offKe f¢v mc¥e fwr ¢￿ser￿J￿"Ve years. The Trustees vtho Sml dunw Ihe year and w to the date of $wtU￿ oflho ffinanual st8twn8nts weffj.. RgcNitm8nt and apwntmenl oftwstees The Trustees may. at any tlm8. apwlnt any m8mber to be a fwstee arbj Twslees will be ralrf*d at the fdbvAng AGM. The Truslees rnay at any tsm8 appoint any Trust00 ertw on th8 ba%s Ihat th8y have spetiali81 expertence antjlor *(ills whKh wjtd be of a5Si51ance io the chanty. The ¢harity recruts Trustees as reouired U￿n9 a mix of open recru¢lment ￿ Inks within Ihe communities il serve$. A regular sklls audit is undertaken lo ¥Jenlty any gaps wthln the Boaro wh￿h 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 Orgar*salional structu The Executive Cummittee w*els on a ￿QU￿r basis lo assess granl And de81 wlh Ihe strategy ol the charity. The day lo day adrninislralion Is Carr￿ out by the ￿*t￿sS Adfflinthator and Assistant 8usin•ss A¢Jministrator. The Executive Commbttee at dale ol this rekKyI Are str￿n on page 1. ststem?nl of Tru•tsos r••pon*lbllltlos The Tnjslees a￿ responwblo lor preparin9 th• TfUStee$ ReF*Xt and Ihe fmanaal slalenwls In 8c£oréance wth pplicable law and Unrted Kin￿Offi Ac£(￿nI1￿ StaThJards Iunlted Ge￿￿11Y Ac£ountlng PrActicel. Th8 18w applica￿9 lo charit￿$ In S¢olland requires thu Tw8t•es to prepare fmanclal stalemenls f¢Y fingn¢y•l year whi¢h g￿8 8 true and fair vwi of the 51ale ol aff8irs of the tharity 8nd ol Iho incoming resourc*s and appl￿tIOn of r480ur¢es of the charty IrK thal year. In proparing thèse finarKial sta￿MentS. thè Trnstees are required lo.. . $91dr* s￿hable a¢rJ)unling polK*¥ and thon appty Ih8m eon51slenlty". . obsèvv8 Ihe methods and vinci￿85 in the Ch#ntw S(YlP: - make Iltdgoments Ond 68llln¥le$ lh* arg reasonable and prud8nl: - state whether gppluble aCC¥￿nI￿￿j 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 suff￿ent acc￿￿11￿9 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 charl1￿3 and Tru8lee Inveslrnenl IS0)Uandl Aa 2CMJ5. the ChaTfties A(￿Unts (Scotlandl Regulatic￿S 2006 la$ amended) and Ihe provi8w)ns of the Iru5t deed. Thw are also respons￿11￿ l(* safe9uardiro thÈ assets of the charity and hen¢9 for iaking reasons￿• st•P8 Ic* 1￿* yewntkin and deted•Jn of fraud and ot￿r 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 f￿anc4a1 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& I￿ar￿L￿1 slaternents ￿ aoxrdance with the tèrms of Ihè Charit￿S aTrJ TnJ51ee Invèstm8nls ISurtlaThJ} Ad 2005 and the Charil*S Accounis ISGolland R•gulgllon3 20CO. The charty's TNstees consider that Ihe audit reqviremenl of R6gulation 1011118) to {¢) of the 20C￿ Acwunls Regulat￿nS 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 Repu￿11¢#) 11 ot Ihe 20C6 Acc)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$•ls 257,993 297,872 Totsl a•••ts less current Ilabllm 257.996 297,875 Th¢ lunds of th• ¢h•rlty Unre8lrlded fund& 257,996 297,875 257,998 297,875 The findiicial slaleriierls weie approved by Ihe frustoes ￿ 13 J8nLJary 2025 SHARP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting po15cie• Charlty infonnation SHARP is an Urdr￿0￿0TaIed chanty gtLwled in Scotland.. 1.1 Ac¢ounlln9 conventlon The financial statements have been prepared in accordance with Ihe chanty's eA)nstitution. the Charities and Trustee Investment 1kn1￿￿%￿l A(a 2LK15. the Chanties Actojnts (s￿￿nd} Regula1￿1n$ 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 histo￿1 ￿$1 ¢(￿venti¢?￿. The prinopal ￿l￿nting policies adopleil afe sel out below. 1.2 Golng Co￿•M At the lime of approwng the fmancial ststemenls. the Trustees havè 8 rèasonable expectation that the charity has adequate resources lo ￿ll¢nue in Operat￿al exislence lor Ihe loreseeable future. Thus thè Ttu$lg0S Continue lo adopt the going ￿ncern basis of aC￿ntIng in preparing the finanoal Stolements. 1.3 Ch•rllabl• lund• Unrestricted lund5 are available IN us• al the disu81￿n 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 ffinanc￿l ststement$. Endowment lunds are subj'ecl to sp8ufic ￿ndrf￿S by Is)r￿ Ihal Ihe capttal musl bg maintained by tho charity. 1.4 Incorne Income is ￿cognised whon the chaiity is legalty enlilted to rt after any perf0M￿Ce conditions have b8en met, the amounts can be measurgd rella￿y. and il is probable that Irwne ￿11 be receNed. Cash donations are recognised on Ter*ipt. Other dmaliorts are r8COgnised once ihe c*arity h8s been notified of the donation, unless performance ￿d￿M)n$ r￿Ulre 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 ￿n￿n, 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)n￿51enI ￿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 r￿sts. 1.6 Proprty, p￿rtt •nd wulwmnt Property, plant and equipment afe inilialty measuied at o)sl aTra sub$eW￿llY measured al cost or valuation, nel ol deprKiation and any impairment10s5es. Oepfeoation is fecognised so as lo write off the ¢osl ￿ valualw of assets ￿sS their T8￿d￿al values ovèr their uselul lives on the following bases.. Printer & sranmr Computer Computer equipm&nt 33% red￿￿j bal8 33% reducing balance 33% red￿r¢ bala￿e The gain or kjss arising on the disp)sal ol an as￿ is detemtneo as Ihe dffler&nce between the ￿le proceèds ar#J th8 carrying va￿0 of the asset, and its rè¢ogntsed wi the slalemenl ol finanoal aCtivikn'￿. 1.7 Impairm•nt of nanwcurr•nt *M•ts Al each Teming end dale, the charlty rev￿$ 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$h eqU￿alen1S indude cash in hand. deFOSit8 held al Call wilh banks. ot1￿r short-lerm IIqLMd inveslmenls %*ilh original matUrit￿S of thr88 or ￿3$. and bank overdrafts. Bank overdrafts are Shown wilhin bottowings in ￿￿ent liabilities. 1.9 Flnincl*l In#trum•nts The ¢hanty has ekcted lo apFty th• w0vis￿)nS ol Sedion 11 '8a*¢ Financial Instruments, and Section 12 'Other FinaneJ81 Instrum￿18 Issues. of FRS 102 to all of its fmanoal in8tNmenls. Finaniyal instwmenls ale re￿gnIsed 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 simullar*cwsty. Ba$1¢ fln•n¢l•l assets Basic finanoal assets. which i￿ude ITade and receNables and cash and bank balarKes, are initially measured al Iran5action PFKe induding tramsaclM)n ¢osls arKI are subsequentty carried al amortised cost using the effective interesl methLKI un￿SS the affaryemenl tx*)ststutes a financing transaction, where the tranSact￿n 1$ 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 a￿1¢ 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$l. Tinar￿181 abilit￿$ dassrf*d 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 paYab￿S aré oblvJ¥lions lo pay lor goods or seNces thèl have boen acquired in the ordinary ¢ourse of opèrations fmm yjppliers. Amoun15 payable are d8sSrf￿d as ￿rr￿n1 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¢*$, the Truslees are requir￿ lo make judgements, ostim8le5 and assUMpt￿n$ 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 assurnpt￿ns are reweNea on an ongotng basis. Rew5ions lo accounting estimates are le￿nIsed 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 d￿rilab￿ 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¢¢n*d incom& 6.041 2,OC6 15 Cvrr•nt Il*bllltS•* 2024 2023 Othe¥ laxalion and scwl $e¢urity Accwals and defer￿ M)me 1,042 1.020 1,020 1,020 2,062 16 Unrnstrlctod funds Ai 1 Juty 2023 Incomlng r•sourc•s R￿ourceS expended At30 Jun• 2024 Scottish L￿￿j kJnd5 General fvnds 10,845 287.030 10,845 247,151 40.152 {80,031) 297,875 40.152 {80.0311 257,996 15- SHARP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 16 Unr•$ffi¢tod fund• Icontlnutsdl Pm¥bou* ye*r At 1 July 2022 I￿omIng 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 r￿￿ted party tran68ctThs ¢knw)g the yegr12023. none). 16- You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://murraytaylor.accountantspace.co.uk/messages/VerifyDocument**