CHARITY NO: SC008220 SHARE SCOTLAND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SHARE SCOTLAND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 PAGE Reference and Administrative information Report of the Trustees {incorporating the Strategic Report) Independent Audrtor's Report 8-11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Ststements 15-31
SHARE SCOTLAND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Chief Executive Company Secretary Principal Office Charlty Number: SC008220 Independent Audltors Wbg (Audit) Limited 168 Bath Street Glasgow G2 4TP Bankers Royal Bank of Scotland plc 37 High Street Dumbarton G82 1LX Solicitors Brodies LLP 110 Queen Street Glasgow G13BX
SHARE SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the audited financial statements of the charity for the year to 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the charty comply with the current statutory requirements. the requirements of the company's governing document and the provisions of the Ststement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Co-operative and Community Benefit Societies Act 2014. Since the charity qualifies as small under section 383. the strategic report required of medium and large charities under The Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not required. POLICIES AND OBJECTIVES According to tts constituts"on, SHARE Scotland's objective is to provide homes and support for people with profound and complex disabilits'es. SHARE has the power to do all things appropriate for the fulfilment of this object but shall not trade for wofit. Over the years Sin it was incorporated. SHARE has concentrated its activities on the provision of care packages for adults with complex leaming andlor physical difficulties and at 31st March 2025 supported 45 people. SHARE has never provided housing as this has been provided by local authorities. housing associations and private landlords but we would consider. where appropriate. the provision of housing for our seNice users STRATEGIES FOR ACHIEVING OBJECTIVES During 2024125. SHARE'S principal objective conts.nued to be the provision of high quality care to its clients and in doing so. to help them achieve their own personal targets and objectives. Extemal scrutiny and reporting by the Care Inspectorate. awarding between 4 to &star ratings (out of a maximum of 6 stars). confirms our success in this objective. SHARE requires a well-trained and dedicated workforce in order to achieve our objectives. We place a high priority on staff development and training. Statutory regulations require that all of our support staff are registered wth the Scottish Social Services Council (SSSC), the workforce regulatory body within 6 months of their start date (for new stsffj. All staff working in supported living I housing support sep4ices are registered. Support Workers will have five years from that date to attain the necessary SVQ qualifications. SSSC registration commenced for Service Managers in January 2014 and we have been advised that Service Managers will have to obtain the Registered Managers Award or equivalent within 5 years of the date of registration. From June 2025 the timescale was shortened to 3 years. but only for new entrants into the social care workforce. SHARE receives some funding support for this training from the Scottish Govemment's Voluntary Sector Development Fund. Currently around 63% of our Support Workers have already attained the SVQ qualification which will eventually become mandatory for all Support Workers and cuThently around 89% of our Service Managers have completed the required SVQ4 Management Award. The remaining Service Managers will be working toward this qualification within the designated timescale.
SHARE SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 PROGRAMME RELATED INVESTMENTS SHARE does not make any social or programme related investments. It does however have funds. which are in excess of our day-to-day requirements and, as at 31 March 2025, £904k of these funds have been placed with our stockbrokers Rathbones in a mixture of fixed rate investment bonds and medium risk stocks and shares. We also held £163k in fixed term deF)OSits with Rathbones to ensure we beneffted from the higher rate of interest. REVIEW OF ACTIVITIES AND PERFORMANCE SHARE provides care packages for 45 people and our high standards are evidenced by Care Inspectorate reports. SHARE supports service users to enjoy happy and fulfilled lives. Activities enjoyed during the year included a staff pr()Juction of wee Charfie and the Chocolate factory, our 401h anniversary street party, Dress to impress dinnerldance and our summer BBQ at Lochore Meadows. enjoyed by all. Days out included Rosslyn Chapel, Girls Aloud at Glasgow Hydro. a tea boat trip down Loch Katrine. Blackness Castle, the Aquarium. Santa barge trip along the union canal. the Botanical Gardens, Craigmillar Castle. the Burrell Collection and the Beacon Arts Centre. We had Christmas, easter and Halloween parties as well as lots of birthday parties to celebrate our service users. In addition. through the Motability Scheme. 18 of our service users had access to motor vehicles and another 11 had access to mini vans to help them enjoy better, more active lives. SHARE Head Office continues to facilitate activities induding room hire and training for staff. GOING CONCERN SHARE'S financial position is comfortable with a year*nd surplus of £294k. and a steady cash flow forecast. SHARE and the care sector as a whole have ongoing recruitment issues, however we have been successful in filling most of our vacancies. Therefore. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concem basis in preparing the financial statements. SHARE will continue to monitor costs closely, revise budgets and forecasts, and work with CCPS and other organisations to find the best route through the changing environment and the financial implications it brings. RESERVES POLICY It is the policy of the charity that unrestricted funds which are not designated for a specific use should be maintained at a level to ensure the continuing operation of the charity in line with advice from the Office of Scottish Chatty Register. This can help SHARE show donors. fvnders and beneficiaries that we are effectively managing the charib'es money and that we continue to be financially sustainable. Sufficient reserves can help to bridge any gaps in income or meet redundancy costs should we lose any seNices or contracts. This should be at a level of at least belween three to six months expenditure to smooth the operation of the charty. As at 31 March 2025 total resep4es amounted to £2.635.387 of which £4.838 was restricted for specific purposes and £657.422 was designated by the trustees to be used for future projects. These free reserves are equal to more than 3 months running costs and thereft)re the terms of this policy have been met.
SHARE SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REVIEW OF RESULTS The accounts show a surplus of £293,779 (2024: surplus of £88.488). Incoming resources have increased to £5.81m for the year {2024 - £5.24m). Expenditure increased to £5.5m (2024: £5.2m). There has been a loss in the valuation of our investment portfolio. with a net loss on valuation of £28.909 (2024: gain of £35.980). Funding is received from the various local authorrties responsible for the care of our clients. This is through the Health and Social Care Budget supplemented by funding from Supported SeNices (Housing Support). administered by the local authorities. Some of our clients are also required by the local authorities to make contributs'ons towards their care costs. CONSTITUTION The charity is a company registered under the Co-operative and Communty Benefit Societies Act 2014. It operates from rts registered office at he management of the charty is the responsibility of the Trustees who are elected under the tenns of the Act. The Trustees continue to keep updated the constitution of the organisation. with latest rules for the organisats'on being approved at the 2016 Annual General Meeting. SHARE Scotland was foed on 8 April 1984 by a group of parents, whose children attended stanmore House, a residential school in Lanark for children with special needs. Their parents had been told that once their children's educats'on came to an end the only likely equivalent option available to the families would be in large institutions such as Gogarbum Hospital in the east of Scotland and Lennox Castle in the west. Since their children had always lived in the community they believed that long tenn institutional care was an unacceptable option. The education their children experienced and the significant progress they made at stanmore House School convinced the parents that the life-long stimulation was essential to the development of children and adults with profound leaming disabilities and that such stimulation could not be offered by institutional care. During the next seven years SHARE Scotland received grants from the Mental Health Foundation, John Paul Getty Trust. Baring Trust and Comic Relief which allowed us to establish our first care homes in Edinburgh and Glasgow. Now in to our 41 year, SHARE Scotland is well£stablished and is respected by the Independent Care Commission as a provider of excellent care throughout Central Scotland.
SHARE SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. who are also the Directors for the purpose of company law. and who seNed during the year were: (Resigned 20° August 2025) Chairperson Finance Director Chief Executive Officer None of the Trustees has any beneficial interest in the company. All of the Trustees, except for the CEO and Finance Director, are members of the company and have contributed £1 each towards the capital of the company. The constrtution states that employees can be elected as Trustees and Directors of the company but cannot be members of the company. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Trustees are co-opted on to the Board, then recommended by the Board of Trustees to be appointed by the members at Annual General Meeting. No extemal parties are empowered to appoint Trustees. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES All new potential Trustees are provided with an induction pack detailing the background to SHARE, a description of the roles and responsibilib'es of Trustees, job descriptions of Senior Staff and organisation policies and procedures relevant to their role. In addition. they are co-opted on to the Board with invitations to attend Board meetings in that role until their adoption at the next Annual General Meeting. The training needs and any programme of development is discussed annually at the Board and rf appropriate a development plan for the year is produced. Board members can also attend various seminars and conferences should they wish. PAY POLICY FOR SENIOR STAFF The remuneration for all staff (induding Senior Staffj is determined annually by the Board based on recommendations made to rt by the CEO. Typically, awards are made by referen to benchmarking, inflation and affordabilty. SHARE is however committed to paying its staff at least the Scottish Living Wage and priorib'ses this above other considerats"ons. ORGANISATIONAL STRUCTURE AND DECISION MAKING A CEO and Finance Director are appointed by the Trustees to manage the day to day operations of the charity. To facilitate effective operations, they have delegated authority. within terms of delegation approved by the Trustees. for operational matters including finance and employment.
SHARE SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 RISK MANAGEMENT The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to risk. The main risk to the smooth operation of the company is the difficulties that are faced in recruitment. which is a sector wide problem. Over the year we have trialled various recruitment websites and agencies in order to ensure stsffing levels are maintained. In addition. any matters adversely affecting SHARE'S reputation could potentially impact on our relationships with our stakeholders. To mitigate this possibility. we have good corporate policies and procedures in place. We also communicate regularly with stakeholders. FUTURE DEVELOPMENTS SHARE'S key objective is to continue to provide a high level of care to existing service users. We also plan to increase the number of clients for whom we provide a service. SHARE Scotland would wsh to look for development opportunities that will increase its services and we continue to promote regular discussion with Local Authority and Housing Association representatives to assist with forward planning for future services required. Discussions with partners will continue wtth the aim of reconfiguring existing services. including the possible purchase of property. This will provide a more accessible physical environment and facilitate more cost*ffective and efficient support mechanisms. without compromising on the current high quality of care. It will also offer addrtional accommodation and afford the opportunity for future expansion of services. We held our second dinnerldance "Dress to Impress" in the Marriott Hotel in September 2024. It was attended by stsff. families and services users and was a great success. MEMBERS. LIABILrrY The members of the charty guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also Directors of SHARE Scotland for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial ststements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the Trustees are required to"
SHARE SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 select suitable accounting policies and then apply them consistently; obseNe the methods and principles in the Charlties SORP: make judgements and accounting ests"mates that are reasonable and prudent- state whether applicable UK accounting stsndards have been followed The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companls transactions and disclose with reasonable accuracy at any time the financial position of the charrtable company and enable them to ensure that the financial statements comply with the Co-operative and Community Benefit Soaeties Act 2014, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrties. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This Report has been prepared in accordance with the Statement of Recommended Practice. applicable to charities preparing their accounts in accordance with the Financial Reporting standard Applicable in the UK and Republic of Ireland (FRS 102). DISCLOSURE OF INFORMATION TO AUDITOR Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that: So far as the Trustee is aware. there is no infomiation of which they are aware which is relevant to the audit, but of which the auditor is unaware and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any infomiation needed by the charitable company's auditor in connection with preparing its report and to establish that the auditor is aware of such infomiation. AUDITOR A resolution to re-appoint Wbg (Audit) Limited as Auditor will be put to the members at the Annual General Meeting. This report was approved by the Trustees and signed on their behalf by: Date: 26 November 2025
SHARE SCOTLAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF SHARE SCOTLAND FOR THE YEAR ENDED 31 MARCH 2025 Opinion We have audited the financial statements of SHARE Scotland {the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activrties. the Balance Sheet. the statement of Cash Flow5 and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi). In our oplnlon the flnanclal statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025. and of its incoming resources and application of resources. for the year then ended. have been property prepared in accordan with Unrted Kingdom Generally Accepted Accounting Practice" and have been prepared in accordance with the requirements of the Charrties and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audrt in accordance vrith International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities underthose standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for {r opinion. Conclusions relating to going concern In auditing the financial statements. we have conduded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfoned, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least e1ve months from when the financial statements are authorised for issue Our responsibilities and the responsibilrties of the trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other infomiation contained wtthin the annual report. Ouropinion on the financial statements does not cover the other infomation and, except to the extent otherwise explicrtly stated in our report, we do not express any fOn of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwse appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements. we are required to detennine whether this gives rise to a material misststement in the financial statements themselves. If. based on the work
SHARE SCOTLAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF SHARE SCOTLAND FOR THE YEAR ENDED 31 MARCH 2025 we have performed. we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees. Report. We have nothing to report in respect of the followng matters where the Chartty Accounts (Scotland) Regulations 2006 requires us to report to you rf. in our opinion: adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visrted by us" or the financial statements are not in agreement wtth the accounts.ng records and returns; or certain disclosures of trustees. remuneration specrfied by law are not made" or we have not received all the information and explanakn'ons we require for our audit Respective responsibilities of trustees and auditor As explained more fully in the Trustees. Responsibilities Ststement set out on pages 6 and 7. the trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees detennine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going COnM. disclosing. as applicable. matters related to going concern and using the going COnM basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as audrtor under section 44{1){c) of the Charities and Trustee Invesbnent (Scotland) Act 2005 and report in accordan th regulations made under that Act Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
SHARE SCOTLAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF SHARE SCOTLAND FOR THE YEAR ENDED 31 MARCH 2025 Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud We identify and assess risks of material misstatement of the financial statements. whether due to fraud or error, and then design and perfomi audit procedures responsive to those risks, including obtaining audit evidence that is SLrfficient and appropriate to provide a basis for our opinion. In identifying and assessing the risks or material misststements in respect of irregularities, including fraud and non-compliance with laws and regulations we considered the following; The nature of the charrty, the environment in which rt operates. and the control procedures implemented by management and the trustees; and Our enquiries of management and trustees about their identification and assessment of the risks of iThegularities. Based on our understsnding of the charty and the sector we identified that the principal risks of non-compliance with laws and regulations related to. but were not limited to; Regulations and legislation pertinent to the charity's operations; and The charity's memorandum & artides. We considered the extent to which non-compliance might have a material impact on the financial statements. We also considered those laws and regulations which have a direct impact on the preparation of the financial ststements. such as the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006. We evaluated management and trustees, incentives and opportunities for fraudulent manipulation of the financial statements (induding the risk of management override of controls). and determined that the principal risks were related to" Posting inappropriate journal entries. Audit response to the risks identified; Our procedures to respond to the risks identified included the following-, Gaining an understanding of the legal and regulatory framework applicable to the chartty and the sector in which it operates. Reviewing financial statement disdosures and testing to supporting documentstion to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements. Enquiring of management. trustees and legal advisors conmIng actual and potential litigation and claims- Reading minutes of meeb'ngs of those charged with governance" In addressing the risk of fraud as a result of management override of controls. testing the appropriateness of journal entries and other adjustments; evaluating rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identffied laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non- compliance wrth laws and regulations throughout the audit. In addressing the risk of fraud as a result of management override of controls. testing the appropriateness of joumal entries that are unusual or outside the normal course of business, We have reviewed joumal entries in the following areas Depreciation Accruals Prepayments io
SHARE SCOTLAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF SHARE SCOTLAND FOR THE YEAR ENDED 31 MARCH 2025 We communicate with those charged with govemance regarding, among other matters. the planned scope and timing of the audit and significant audit findings. induding any significant deficiencies in intemal control that we identify during our audit. Because of the inherent limltations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment. forgery. collusion. omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at. htt s:Ilwww.frc.or .uk/auditors/audit-assurancelauditor-s-res onsibilities-for-the-audit-of-the- fildescri tion-of-the-auditor%E20A80%99s-res nsibilities-for. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with section 44(1) (c) the Charities and Trustee Investment (Scotland) Act 2005 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this ret. or for the opinions we have formed. enior Statutory Auditor) 26 November 2025 For and on behalf of Wbg (Audit) Limited, Statutory Auditor Wbg (Audit) Limited is eligible to act as an auditor in temis of section 1212 of the Companies Act 2006. li
SHARE SCOTLAND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2025 Unrestrlcted Restrlcted Funds Funds 2025 2025 Total Funds 2025 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Note Income and endowments from: Donations and legacles Charitable activities Investments other Incoming resources Total Income 11.076 5.730,026 36,719 34,564 5.812,385 1.500 12,576 5,730,026 36,719 34,564 5 813 885 24.625 5,126.844 17.867 59.284 5 228.620 24,625 5,138,944 17,867 59,284 5 240 720 12.100 1.500 12,100 ExnditUre on: Charitable activitles Total Expendlture 5.470.702 5.470.702 20,495 20,495 5 491,197 5 491197 5,181.217 5 181.217 6,995 5 188212 5 188212 Nol Incomellexpendlturo) and net movement In funds beloro galns and losses on Investmonts Net Ilossesllgalns on Investments Net Incomellexpendlture) 341,683 28.909 312 774 (18.995) 322,688 47.403 35.980 5,105 52,508 18.995 293 779 Transfers betrNeen funds Not movement In funds 312.774 18.995 293 779 83.383 Funds reconclllatlon Total Funds brought forward Total Funds carried forward 19 19 2.317,775 2.630,549 23.833 4.838 2 341608 2 635 387 2 234,392 2 317.775 18,728 23,833 2 253 120 2 341608 The Statement of Financial Activities includes all gains arKI losses recognised in the year. All income and expenditure derive from continuing activities. 12
SHARE SCOTLAND BALANCE SHEEf AS AT 31 MARCH 2025 Note 2025 2024 Fixed assets: Tangible assets Investments Total Flxed assets 13 14 421,531 905,213 1.326.744 432,023 664,133 1.096,156 Current assets.. Debtors Investments Cash at bank and in hand Totsl Current assets 16 15 22 1.527,407 162,303 60.457 1.750.167 1.075,269 255,351 407,001 1.737,621 Liabilities: Creditors falling due within one year 17 441,524 492,169 Net Current assets 1.308.643 1.245,452 Net assets 2.635.387 2.341,608 The funds of the charity." Unrestricted funds Restricted funds Total Charity funds 19 19 2.630.549 4.838 2.635.387 2.317,775 23,833 2.341,608 Approved and authorised for issue by the trustees on 26 November 2025 and signed on their behalf by: 13
SHARE SCOTLAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2025 Total Funds 2025 Total Funds 2024 Note Cash flows fmm operating activities: Net cash (used in) by operating activities 21 (193,269) (268.935) Cash flows fmm Investlng actlvltles: Dividends. interests and rents from investments Purchase of property. plant and equipment Purchase of investments Proceeds from the sale of investments Cash Invested 36.719 {13,053) (472.213) 199,842 95.430 17.867 (19.764) (100.012) 106,694 (14.228) Net cash (used in) investing activities (153,275) {9.443) Change in cash and cash equivalents in the year (346,544) (278,378) Cash and cash equivalent brought forward 22 407.001 685,379 Cash and cash equlvalents carried forward 22 60.457 407,001 14
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies (a) Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwse stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). the Charities Accounts (Scodand) Regulations 2006 and the C(H)perative and Community Benefft Societies Act 2014. Share Scotland meets the definition of a public benefrt entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going cOnM. The financial statements are presented in sterfing which is the financial currency of the charity and rounded to the nearest £. (b) Funds structure Unrestricted income funds comprise those fvnds which the Trustees are free to use for any purpose in furtherance of the charrtable objects. Unrestricted funds include designated funds where the Trustees, at their discretion. have created funds for specific purposes. Restricted funds are funds vthich are to be used in accordance wtth specific restrictions imposed by the donor or trust deed, or through the temis of an appeal. Further details of each fund are disclosed in note 19. (c) Income recognition Income is recognised once the charity has entrtlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Donab'ons are recognised when the chartty has been notffied in wrrting of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred until either those conditions are fully met. or the fulfilment of those condrtions is wholly within the control of the charity and it is probable that those condrtions will be fulfilled in the reporting period. Interest on funds held on deposit is induded when reIvable and the amount can be measured reliably by the charity: this is nomially upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the investment advisor of the dividend yield of the investment portfolio. 15
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies (continued) (c) Income recognition (continued) Income from govemment and other grants. whether 'caprtal' or 'revenue' grants, is recognised when the charity has entitlement to the funds, any perfomiance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified Servi is deferred until the criteria for income recognition are met (see note 18). (d) Expendlture recognltlon Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that settlement will be required. and the amount of the obligation can be measured reliably. All expendtture is accounted for on an accrual's basis. All expenses induding support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (Q below. Expenditure on charitable activities indudes Specialist Palliative Care and other activities undertaken to further the purposes of the charrty and their associated support costs: Raising funds - other trading aCtiviS includes fundraising costs. shop costs and lottery costs: Investment management costs - costs associated with the management of the charty's investment portfolio Irrecoverable VAT is charged as a cost against the activity for which the expendrture is incurred. (e) Donated servlces and facllities Donated professional seNices and donated facilities are recognised as income when the charity has control over the item, any condttions associated with the donated item have been met, the receipt of economie benefit from the use by the chartty of the ttem is probable and that economic benefit can be measured reliably. In accordan with the Charities SORP (FRS 102), the general volunteer time is not recognised. Refer to the Report of the Trustees (incorporating the Strategic Report) for more infornation about their contribution. On receipt. donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefrt on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. (fj Allocation of support and governance costs Support costs have been allocated beeen governance costs and other support costs. Govemance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs. Govemance costs and support costs relating to charitable activities have been apF)Ortioned based on time spent. The allocation of support and govemance costs is analysed in note 10. 16
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies (continued) (g) Tangible fixed assets and depreciation All assets costing more than £1 ,000 are caprtalised and valued at historical cost. Depreciation is charged as follows: Basis 2% straight line 25% straight line 25% straight line Freehold property Fixtures and frttings Office equipment (h) Flxed asset Investments Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The charty does not acquire put options. derivat'ves or other complex financial instruments. The main fo of financial risk faced by the charty is that of volatilty in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment conceming equities and within particular sectors or sub sectors. (i) Stock Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. O.) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. (k) Cash at bank and in hand Cash at bank and cash in hand includes cash and short te highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. (l) Creditors and provisions Creditors and provisions are recognised where the charrty has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 17
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies (continued) (m) Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the drfference beeen sales proceeds and their opening carying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the dtfference beeen the fair value at the year end and their carying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activit'es. (n) Penslons The charity operates a defined contribution pension scheme. and the pension charge represents the amounts payable by the charity to the fijnd in respect of the year. (o) Contingent liabilities A contingent liability is identified and disclosed for those grants resulting from: a possible obligation which will only be confirmed by the occUence of one or more uncertain future events not wholly within the trustees. control; or a present obligation following a grant offer where settlement is either not considered probable; or the amount has not been communicated in the grant offer and that amount cannot be estimated reliably. (p) Operating leases The charity classifies the lease of properties as operating leases: the title to the properties remains with the lessor. Rental charges are charged on a straight-line basis over the tem of the lease. (q) Financial instruments The charity only has financial assets and financial liabiltties of a kind that qualify as basic financial instruments. Basic financial instruments are inrtially recognised at transaction value and subsequently measured at their settlement value wrth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. (r) Employee Beneflts The costs of short-term employee beneffts are recognised as a liability and an expense. unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday ents"tlement is recognised in the period in which the employee's services are received. TeninatIOn benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temination benefrts. (s)Judgements and key sources of estimation and uncertainty In the application of the company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimates. 18
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies (continued) (s)Judgements and key sources of estimation and uncertainty (continued) The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, rfthe revision affects only that period, or in the period of the revision and future periods rf the revision affects both current and future periods. Depreclatlon of flxed assets - fixed assets are depreciated over the useful lrfe of the asset. The useful lives of fixed assets are based on the knowledge of senior management, with reference to assets expected lrfe cyde. Allocation of expenditure between activities Support costs are allocated between charitable actiVTties and govemance based on the time spent by senior management on undertaking the charty's activrties. Impairment of fixed assets - the trustees determine whether there are indicators of impainnent of the tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial perfonnance of the asset. Leases - Determine whether lease entered into by the charty erther as a lessor or a lease are operating or finance leases. These decisions depend on an assessment ofwhether the risk and rewards of ownership have been transferred from the lessor to the lessee on a lease-by-lease basis. 2. Legal status The charity is a company registered under the Co-operative and Communty Benefit Societies Act 2014 and is a registered Scottish Charty (Charity No: SC008220). 3. Related party transactions and Trustees, expenses and remuneration The key management personnel of the charity comprise the Chief Executive and the Finance Director. Total remuneration of the key management personnel was £152.628 (2024 - £160.455) including pension costs and NIC costs. During the year ended 31 March 2025. expenses totslling £1.587 were reimbursed or paid directly to 2 Trustees (2024 - £62 to 1 Trustee). 4. Income from donations and legacies 2025 2024 Donations Grants 1,500 11,076 12,576 1,285 23,340 24,625 19
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 5. Income from charitable activities 2025 2024 Care and support services 5,730,026 5.138,944 5.730,026 5,138,944 6. Investment income 2025 2024 Income from listed investments Bank interest 34,103 2,616 36.719 9,452 8,415 17,867 7. Other Incomlng resources 2025 2024 Miscellaneous income 34,564 34.564 59,284 59,284 8. Analysis of expenditure on charitable activities Care and Support Services 2025 Direct costs (see note 9) Support costs (see note 10) 4.703.987 787.210 5.491.197 4,703.987 787,210 5,491.197 Care and Support Services 2024 Direct cost {see note 9) Support costs {see note 10) 4.327.866 860.346 5.188.212 4,327.866 860.346 5,188,212 20
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 9. Allocation of direct costs Total Funds 2025 Care and Support Services staff costs Depreciation Rent. rates and water Heat and light Insuran Repairs and maintenance Staff expenses Telephone Volunteers, expenses Staff training Sundry expenses Health and safety Recruitment expenses Post, stationery and advertising IHM Payments HB Spend Computer and IT costs Professional Fees Total 4.374.354 2.168 58.965 10.107 3.106 5.407 26,985 2,553 11,198 19,917 81,123 2,807 13,357 669 66,020 10,605 1,647 12,999 4.703,987 4,374.354 2,168 58,965 10,107 3,106 5,407 26,985 2,553 11,198 19,917 81,123 2,807 13,357 669 66,020 10,605 1,647 12,999 4,703.987 Total Funds 2024 Care and Support Services Staff Costs Depreciation Rent. rates and water Heat and light Insurance Repairs and maintenance staff expenses 4.094,727 3.045 (2.435) (2.789) 4.661 14.980 24.367 4.094,727 3,045 (2.435) (2.789) 4,661 14,980 24,367 k li Telephone Volunteers, expenses staff training Sundry expense Health and safety Recruitment expenses Post. stationery and advertising IHM payments HB spend Computer and IT costs Accountancy charges Total 2.194 11.351 16.151 9.197 7.943 4.113 1.833 72.983 54.273 442 10,830 4,327,866 2,194 11,351 16,151 9,197 7,943 4,113 1,831 72,983 54,273 442 10,830 4,327,866 21
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 10. Allocation of governance and support costs The breakdown of supwt costs and how these were allocated between govemance and other support costs is shovm in the table below: 2025: Cost type Total Allocated 2025 Care and Support Services Staff costs Depreciation Rent, rates and water Heat and light Insurance Repairs and maintenance Head office costs Telephone FoodlLeisure/Community Presence Staff training Health and safety Recruitment expenses Post. stationery and advertising Govemance cost Total 429,585 21,378 2,251 38,003 104,3 50,393 59,184 8,164 6,250 12,804 16.845 267 3.236 34,500 787,210 429,585 21,378 2,251 38,003 104,350 50,393 59,184 8,164 6,250 12,804 16.845 267 3,236 34,500 787,210 2024: Cost type Total Allocated 2024 Care and Support Services Staff costs Depreciation Rent. rates and water Heat and light Insuran Repairs and maintenance Telephone Volunteers expenses Staff training Sundry expenses Health and safety Recruitment expenses Post, stationery and advertising Service replacement funds Govemance cost Total 425.975 13,257 2,351 26,832 97,426 57,176 126,779 9,482 2,934 14,471 15,551 12,296 2,149 11,262 42,405 860,346 425,975 13,257 2,351 26,832 97,426 57,176 126,779 9,482 2,934 14,471 15,551 12,296 2,149 11,262 42,405 860,346 Governance costs: 2025 2024 Auditorfs remuneration Support costs (see above) 14.617 19,883 34,500 13.914 28.491 42,405 22
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 11. Analysis of staff costs and remuneration of key management personnel 2025 2024 Salaries and wages Social security costs other pension costs Total staff costs and employee benefits 2,898.414 341,547 140,309 3,380,270 2,642.851 308.612 159,792 3,111,255 2025 2024 Key management personnel remuneration 152.628 160.455 The average number of persons employed by the charity during the year was as follows: 2025 No. 195 2024 No. 183 Average number of employees The Number of employees whose emoluments (salaries. wages and beneffts in kind) fell within the following bands are as follows" 2025 No 2024 No £60,000 - £69,999 £70,000 - £79,999 12. Net incomel(expenditure) for the year This is stated after charging: 2025 2024 Depreciation Auditorfs remuneration 23.545 14,617 16,303 13,914 23
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 13. Tangible fixed assets Freehold property Fixtures and fittings Office equipment Total Cost or valuation At 1 April 2024 Additions At 31 March 2025 470.766 23.379 174.818 13.053 187.871 668,963 13,053 682,016 470,766 23.379 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 70.407 9,415 79,822 16.607 3.348 19,955 149.926 10,782 160,708 236,940 23,545 260,485 Net book valu8 At 31 March 2025 390,944 3,424 27,163 421,531 At 31 March 2024 400,359 6.772 24,892 432,023 24
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 14. Fixed Asset and Current Investments Movement in listed investments 2025 2024 Market value brought forward at 1 April 2024 Add: additions to investments at cost Disposals at carrying value Add net (loss}Igain on revaluation Market value as at 31 March 2025 Deposit and capital accounts Totsl 643,498 614,200 472,213 100,012 {194,709) (106,694) 28,909 35,980 892,093 643.498 13,120 20.635 905,213 664,133 Net cash released from investments in the year was (£150.000) (2024= £27.310). All investments are carried at their fair value. Investment in equTties and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bid price. The basis of fair value for quoted invesknents is equivalent to the mathet value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value). The significance of financial instruments to the ongoing financial sustainabilty of the Charity is considered in the financial review and investment policy sections of the Report of the Trustees (incorporating the Strategic Report). The main risk to the charty from financial instruments lies in the combination of uncertain investment markets and volatility in yield. In terms of specific risks induding foreign exchange and credit risks. the charity uses specialist investment managers to balance and limit the overall financial risk by operating a portfolio which provides a high degree of diverstfication of holdings within a fairly wide band of investment asset dasses all of which are quoted on recognised stock exchanges. In addition, the charrty does not make use of riskier derivatives or more complex financial instruments in this area. Liquidty risk is expected to be low as all assets are traded in markets with high trading volumes and not in any markets subject to exchange controls or trading restrictions. 15. Current Investments 2025 2024 Term deposit 162,303 162.303 255,351 255.351 25
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 16. Debtors 2025 2024 Trade debtors other debtors Prepayments and accrued income 1,047,814 725,215 58,987 44,756 420,606 305,298 1,527,407 1,075,269 17. Creditors: amounts falling due within one year 2025 2024 Trade creditors other taxation and social security other creditors Accruals and deferred income 32,428 97,236 24,780 287,080 441,524 118,471 90,985 23.817 258.896 492.169 18. Deferred income 2025 2024 Balance as at 1 April 2024 Amount released to income eamed from charitable activities Amount deferred in year Balan as at 31 March 2025 29,720 32.790 {29,720) {32,790) 88,731 29,720 88,731 29.720 Deferred income relates to payments in advance for Glasgow City Council and Edinburgh Cty Council. 26
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysis of charitable funds Anatysis of Fund movements Asat31 March 2025 Asat1 April 2024 Income Expenditure Transfers Unrestricted funds Service Replacement Fund Fixed assets Total designated funds General funds Reserves- Share Scotland Share Capital Total unrestricted funds Restricted funds Sensory Garden Templeton Goodwill Trust VSDF Training Fund Total restricted funds TOTAL FUNDS 235,891 432.023 235,891 421.531 23,545 13,053 667.914 (23.545) 13.053 657.422 1.649.791 70 5.812.385 (5.476.066) (13.053) 1.973.057 70 2.317,775 5,812.385 5.499.611 2,630,549 20 2,910 20 4,410 1,500 20,903 23.833 20,495 (20,495) 408 4.838 1,500 2.341.608 5.813.885 5.520.106 2,635.387 27
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysis of charitable funds (continued) Analysis of Fund movements Asat31 March 2024 Asat1 April 2023 Income Expenditure Transfers Unrestricted funds Service Replacement Fund Fixed assets Total designated funds General funds Reserves- Share Scotland Share Capital Total unrestricteil funds Restricted funds Sensory Garden Templeton Goodwill Trust VSDF Training Fund Total restricted funds TOTAL FUNDS 235.891 428,562 235.891 432,023 16.303 19,764 664.453 {16.303) 19,764 667.914 1,569.869 5.228.620 70 {5,128,934) (19,764) 1,649,791 70 2,234,392 5,228,620 5,145,237 2,317,775 20 1.610 20 2.910 1.300 17,098 18.728 10.800 12.100 6.995 (6.995) 20.903 23.833 2,253,120 5.240.720 5.152.232 2,341,608 The unrestricted funds are available to be spent for any of the purposes of the charity. The Trustees have created the following designated fvnds: Service Replacement Fund - To ring fence monies due to be spent on replacement of kitchens. bathrooms, hoists. etc. in accommodation occupied by sep4ice users. Flxed assets - To cover the estimated costs of new premises within the appropriate time. should the landlord invoke the 3-month notice period on the lease. Restricted funds comprise the following: Sensory Garden - Funding towards the sensory garden opening Templeton Goodwill trust - Funding towards expenditure in charitable activities within the Glasgow Postal Code area. Voluntary Sector Development Fund (VSDF) Training - Funding towards the investment of training of staff. 28
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 20. Net assets over funds At 31 March 2025 Unrestricted Funds Restricted Funds Total 2024 Tangible fixed assets 421,531 421,531 Investments 905,213 905,213 Debtors 1.527.407 1,527.407 Bank & Cash 217.922 4.838 222.760 Creditors (441,524) (441.524) 2.630.549 4.838 2,635,387 At 31 March 2024 Unrestricted Funds Restricted Funds Total 2023 Tangible fixed assets 432.023 432.023 Investments 664.133 664.133 Debtors 1.075,269 1.075.269 Bank & Cash 638.519 23.833 662.352 Creditors (492.169) (492,169) 2,317,775 23,833 2,341,608 29
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 21. Reconciliation of net incomel(expenditure) to net cash flow from operating activities 2025 2024 Net income for the year per the Ststement of Financial Acttvities Adjustments for: Interest received Lossesl(Gains) on investments Depreciation charges (Increase) in debtors (Decrease)lincrease in creditors 293,779 88,488 {36,719} (17,867) 28.909 (35,980) 23.545 16,303 {452,138} (430.171) {50.645) 110.292 Net cash (used for)Iprovided by operating activities 193.269 268.935 22. Analysis of cash and cash equivalents 2025 2024 Cash at bank and in hand Total cash and cash equivalents 60,457 60,457 407,001 407,001 23. Operating lease commitments At the reporting date the charty had outstanding commitrnent for future minimum lease payments under non-cancellable operating leases. which fall due as follows; 2025 2024 Restated Due within 1 year Due within 1 and 2 years Due within 2 and 5 years 1.872 1.872 3,276 7.020 1,872 1,872 5,148 8,892 24. Share capital 2025 2024 Members. shares 70 (2024 - 70) Members. shares of £1 each 70 70 70 70 30
SHARE SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 25. Pension commitments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £140,309 (2024 - £159,792). Outstanding contributions of £26,193 (2024 - £24,290) were payable to the fund at the balance sheet date and are induded in credrtors. 26. Funds held In trust By the nature of Share Scotland's activities. the tharity holds a number of bank accounts with money held in tTUSt for rtain service users. These balances are not included in the accounts. The total held in trust at the year end was £530.151 (2024 - £602.729). 27. Controlling party In the opinion of the Trustees, there is no ultimate controlling party of the charitable company. 31