Charity Yegistration number SC019969 Iscotlandl ROSSIE SECURE ACCOMMODATION SERVICES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ROSSIE SECURE ACCOMMODATION SERVICES LEGAL AND ADMINISTRATIVE INFORMATION Trustee Rossie Young People's Trust Govemors Senior m•nagèméntt•am Charily number (Sootland) SC019969 Principal addro$$ Rossie by Montrose AngLbS DD10 9TW Auditor Murray Taylor Audit Lmmited 10 Murray Lane Montrose Angus DD10 8LF Bankors Virqin Money 718 High Street Dundee DD1 1SS Solicitors Thornlons Law LLP Whllehall House 33 Yeaman Shore DLdee DD14BJ
ROSSIE SECURE ACCOMMODATION SERVICES CONTENTS Page Trustee report ststement of trustee responsibilities Independent auditor's report Statement of financial activities 10 Statement of financial position 11 Statement of cash flows 12 Notes to the financial statements
ROSSIE SECURE ACCOMMODATION SERVICES TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustee presents its annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charitie5 and Trustee Investment Iscollandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended) and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Obleetives and activities Vision Create a Centre of Excellence that changes lives. Mission Our mission is lo protect and improve the wellbeing of young people in our care, maximising their potential and resilience, enabling their transition back to their communities. This is achieved through the provision of individualised high quality care, education, health and Iherapeulic interventions. SeNices are delivered in a safe environment by a highly qualified compelenl workforce in partnership wilh families, carers and other key stakeholders. Our Values Our values are respect, integrity, delivery, accounlabilily and collaboration. We understand, nurture and valiie diversity. We use our direct practice experience to influence public and government opinion and policy. We are open and honest in all our deaSings, maintaining the highest level of truthfulness at all times. We deliver all our legal, rogulatory and contractual obligations through innovative responsive services, while measuring and evidencing our impact. We hold ourselves and others to account. We achieve more and better together through listening, learning and collaborating with each other. Strategies for aGhieving aims and objectives The Charity has a Strategic Plan agreed by the Board. Performance in achieving strategic objectives supporting the SlidleyiL Piiui ili¥b s¥1 vul iii Ilie Pldll ib i eguldl-ly i gyui leii lu Il'i¥ Bijai'd. Fii)aiityial sustaiiiaL)ility is a ci'UGial pi-ioi-ity, as without that the charity'5 future is not assured. The principal source of funding is frorn local authorities who refer young people and take up places offered. Scotland's public procurement agency decides what can be charged per bed per night. Rossie invoices local authorities for each younq person's placement and there have been no material changes in this model. The Scottish Government also provides funding for a number of secure placements. The maximum capacity is currently 22 secure beds, 6 close support beds and 8 residential care beds. We are a results driven organisation and our commitment to being an ettective, efticient, economically viable and suslainable organisalion ensures any surplus income generated is reinvested in the charity to improve and enhance our seNices. Ptjblic benefit The trustee has paid due regard to guidance issued by OSCR and the Charity Commission in deciding what activities the charity should undertake.
ROSSIE SECURE ACCOMMODATION SERVICES TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Significant activities arjd achievements against objectives Rossie provides care, education. health and specialist interventions lo young people aged 10 - 18 years. We are licensed by Scottish Ministers and regulated by the Care and Education inspectorates, and the Scottish Social Services Council ISSSC). Our board sets Rossie's strategic direction and we have recruited 5 new Governors over last two years with diverse and relevant expertise to develop and strengthen the organisalion. Vve achieve our aims and objectives through the CEO, SLMT and a highly skilled and stable workforce. Strong governance is in place and progress and achievements against objectives are reportedlappraised at Board Meetings. In January 2025 Rossie Secure Accommodation services were awarded a grading of '6, for Leadership and Management making Rossie 'Se¢tor Leaders, in the field. Statements frorn the Inspeclorale included 'Courageous' and 'lnnovalive' to describe the culture of leadership across the organisalion. Staff deliver services within nationally set and agreed standards, frameworks and curricula. The Scollish Qualifications Authority ISQAI has awarded out Training Assessmenl Centre accreditation status to deliver vocational qualificalions levels 3 and 4. Our services are delivered through highly qualified multi-disciplinary staff groups and we are strongly cornmitted to investment in staff development and succession planning. We have a niodern health suite to carry out initial screening and on-going medicallnursing management of physical and nienlal needs of young people. Visits by GPS, dental staff and opticians are scheduled as required. Our success is independently assessed by both the Independent Care and Education inspectorates. We also evaluate ourselves against our occupancy levels and repeal business from local authorities. We deliver the Curriculum for Excellence with young people attaining nationally recognised qualifications, which improve their future opportunities. We are a results driven organisation and our commitment to being an effective, efficient, economically viable and sustainable organisation ensures any and all income generated is reinvested back into the organisation lo improve and enhance our services. Given the age of our building the Board is making significant investment in improving the environment and upgrading the IT infraslructure l architecture. The upgrades include a new staff protection and communication system {ASCOMI which constantly records the precise location of each user, and enhances the safely of young people,. the installation of new windows in our secure care service which will enable natural ventilation and a more trauma informed environment., the development of the skills academy will augmenl our curricular offer, and the repurposing of our secure garage will enhance and expand the trauma designed space for the very vulnerable and complex young people. Further investment in furniture and sensory rooms is planned. We have worked very closely with the Scottish Government to prepare for all the changes in the Children (Care and Justice) (Scollandl Act 2024 which ends imprisonment of children in Scotland. This led to a 3-year contract to repurpose Annan House to ensure that there are no c8pacity issues in secure care as the Act takes effect. Annan is now an additional 4 bedded secure house. The cost of this was supported by the SG with a 3-year contract awarded. Rossie continLJe negotiations with the Scottish Government lo further increase the national capacity through the repurposing of Esk House. We are corTrtribulors to the redress scheme which is part of the national endeavour lo right the harms of the past for care experienced people. In early 2025 the Chair and CEO gave evidence at the Scollish Child Abuse Inquiry.
ROSSIE SECURE ACCOMMODATION SERVICES TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We are delivering the ambitions of The Promise - a strategic priority, with a particular focus on developing services to improve relationships between siblings. Rossie actively engaged in The Promise themes of building relationships with siblings via the Corra Foundation-supported 8rotherslSisters Project which made good progress with a new build facility due to be completed before the end of 2025. Progress was made on restraint reduction agenda with Rossie being recognised as sector leader in this area. We delivered the Curriculum for Excellence with young people attaining nationally recognised qualifications, lo improve their future opportunities. The development of a Skills Academy, addressing among other matters the needs of young people aged 16 but under 18 who would previously have been placed in Polmonl YOI will augment our curricular offer, and will be taken forward in 2025-26. As a result of improvements in Education, Rossie is no longer within the 'lnspection Cycle, and has been commended for developments. Rossie is an excellent employer arid has high staff retention rates. We are a significant local employer and our service contracts with trades of various kinds enable us to support business sustainability at local level. Our local profile and partnerships are very important to us, and we remain committed to developing and strengthening these with all key stakeholders. There are significant changes taking place in the national policy landsGape and legislative areiia. Rossie is actively engaged in all developments and is well positioned to deliver on all required changes. We remain strongly Committed lo achieving our Vision of being a "Centre of Excellence that Changes Lives.. Financial review The Statement of Financial Activities shows that Rossie Secure Accommodation Service has generated a deficit of of £80,573. The deficit from operational activities amounted lo £452,281. While income remained fairly static, wage costs have increased significantly. The restricted tturplua of £371,708 is monies received, for capital expenditure and renovation works, which will lake place in the financial year to 31 March 2026. The Slatp.mp.nt alqn 8hows a larger, accounting, surplus which is due lo the actuarial gain on the revaluation of the defined pension scheme of £4,428,545, renecling cl relui11 oli assets wliicli exceeded previous estimates. The nature of the regular actuarial valuation means that the surplus or deficit can vary subslanlially year on year depending on the assumptions used at the time of preparing this report. At 31 March 2025, the level of unrestricted reseNes was £30.418.440 12024- £26,442,176). See page 9 of the accounts lo %ep. Ihp qplit of the unreslricled reserves. Within Ihis total is the pension reserve of £15,295,719 which given the volatility of world markets may return to liability in the near future. Resewes policy The charity has considered the reserves required and have taken into account their current and future liabilities. The policy on cash reserves is lo try and maintain approximately 4 months of cash reserves. Prlnclpal fundlng sources The principal sources of funds for Rossie Secure Accommodation Services is Ihat Ihe charily invoices local authorities for each young person's placement and there have been no material changes in this policy. Investment policy The charity owns a number of rental cottages, situated on the land owned by the charity, which it rents out to third party individuals. The investment policy is to ensure that the cottages are always fully occupied and generating a market valLÈe rent.
ROSSIE SECURE ACCOMMODATION SERVICES TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Major risks The trustee has a duly to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Rossie has a Risk Register which is reviewed twice a year or more frequently as required. The Board considers the major risks which the charity faces and believes that the current pricing and cost structure which are in place, combined with oversight of the controls over key financial systems, enable Rossie to respond lo any adverse conditions. In reviewing the Risk Register the board assures Itself that systems are in place to mitigate significant financial, operational and business risks. Structure, governance and management Rossie Secure Accommodation Services is constituted by the Trust Deed. The members of the trustee who served during the year and up to the date of signature of the financial statements were.. Rossie Young People's Trust Recruitment and appointment of Irustees Appointment of trustees is govemed by Ihe Trust Deed. Organisational structure Stewardship of the charity is the responsibility of the Board of Governors as elected by the Directors of Rossie Young Peoples, Trust. The Governors hold 8 main Board meetings per annum, and 8 meetings of each of two sub- Committees to oversee the running and financial affairs of the charity. There is also a less formal reflective Board meeting in October with a bespoke agenda. The day to day running of the charity is carried out by the CEO and the senior leadership and management team who report directly to the Board. The Board sets Rossie's strategic direction, monitors performance, and holds the CEO and senior managers to account. Ils composition has changed considerably in the past two years, with the appointment of new Governors with diverse and relevant expertise to develop and strengthen the organisalion. New Governors receive induction and development opportunities can be accessed if required. Performance against objectives is regularly reportedl appraised at Board and sub-committee meetings. Induction and training of trustees Where Governors require training for their particular post. such training is provided by the current board of Governors. Relationship with related parties Rossie Young People's Trust is the main trustee of Rossie Secure Accommodation Services. The directors of Rossie Young People's Trust are the individuals identified above as the Governors of Rossie Secure Accommodation.
ROSSIE SECURE ACCOMMODATION SERVICES TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2025 Dlsclosure of Informatlon to auditor The trustee has confirmed that there is no information of which the tne Iruslee is aware which is relevant lo Ihe audit, bul of which the auditor is unaware. The Iruslee has further confirmed that the trustee h8S taken appropriale steps lo ideiilify suGh relevanl infornialio4 and lo establish that the audilor is aware of Such information. 3tee. 10 September 2025
ROSSIE SECURE ACCOMMODATION SERVICES STATEMENT OF TRUSTEE RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustee is responsible for preparirlg the Trustee Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in Scotland requires Ihe trustee lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of reSoUrS of the charity for that year. In preparing these financial statements, the Iruslee is required to.. se5ect suitable accounting po5icies and then apply them consistently; observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudenl., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statemenls on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The tru51ee is responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 and the provisions of the trust deed. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ROSSIE SECURE ACCOMMODATION SERVICES INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF ROSSIE SECURE ACCOMMODATION SERVICES Opinlon We have audited the financial statements of Rossie Secure Accommodation Services (the 'charily'l for the year ended 31 March 2025 which comprise the statement of financial aclivilies, the statement of financial position, the ststement of cash flows and notes lo the financial statements, including 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 the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the stste 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 properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the Charities and Trustee Investment (Scotlandl Act 2005 and regulation 8 of the Charities Accounls (Scotlandl Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards or) Auditing (UK) IISAS {UK}} and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audil of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustee use of the going concern basis of <itybuuiiliiiy ii) 11)e preparatioii of tlie fiiiancial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainlies 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 twelve months from when the financial slatements are auihorised for issue. Our responsibililies and the responsibilities of the trustee with respect to going concern are described in the relevant sections of this report. other information The olher information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustee is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether Ihe other information is materially inconsistent with the financial statements or OLir knowlpdge obtainpd in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstalemenl in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this other inforrTration, we are required to report that fact. We have nothing to report in this rcgord. Matters on which we are required to report by ex¢eptlon We have nothing to report in respect of the following matters in relation to which the Charities Accounts {Scotl8ndl Regulations 2006 reqiiirps LIS tn rp.pnrt tn yr)ii if in ni Ir npininn.. the information given in the financial statements is inconsistent in any material respect with the trustee report., or proper accounting records have not been kept., or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit.
ROSSIE SECURE ACCOMMODATION SERVICES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF ROSSIE SECURE ACCOMMODATION SERVICES Responsibilities of trustee As explained more fully in the statement of trustee responsibilities, the trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement. whether due lo fraud or error. In preparing the financial slatements. the trustee is responsible for assessing the charity s ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustee either intends to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 44(1 Ilcl of the Charities and Trustee Investment (Scotlandl Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtaill reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditovs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misslatemenls can arise from fraud or error and are considered material if, 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. The extent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below. We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and eonsidered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We identified the greatest risk of material impact on the financial slalements from irregularities, including fraud, to be the override of controls by management, and the recognition of income and the misstatement of revenue. Our audit procedures lo respond lo these risks included.. Enquiries of management about their own identification and assessment of the risks of irregularities. Testing of the appropriateness and correct authorisation of journal entries and any other significant transactions outside the ordinary course of business including those entered into with related parties. Review of significant eslimales to ensure there is no indication of management bias. Testing of the completeness and correct allocation of revenue in the year. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significanl in the case of misstalemenl resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions. collusion or the provision of intentional misrepresentations. A further description of our responsibilities is available on the Financial Reporting Council's website at: https'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our audilols report. This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts {Scollandl Regulations 2006. Our audit work has been undertaken so that we might state to the charity'5 trustees those matters we are required lo slate 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 report, or for the opiniolls we have formed.
ROSSIE SECURE ACCOMMODATION SERVICES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF ROSSIE SECURE ACCOMMODATION SERVICES Cliarlered Certified ALGUUlltaiils 10 Murray Lane Montrose Angu3 DD10 8LF 10 September 2025 urray Taylor Audit Limited is digiblo for appointment as auditor of ihe charity by virtue of its eligibility for appointment as auditor ol a company undersection 1212 of the Companies Acl 2006.
ROSSIE SECURE ACCOMMODATION SERVICES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 377,900 377,900 11,954,075 11,601 201,483 16,250 129.000 129,000 12,460,078 37,930 247,312 11,954,075 11,601 201,483 16,250 12,460,078 37.930 247,312 Total income 12,183,409 377.900 12,561,309 12,745,320 129,000 12,874,320 Expenditure on: Charitable activities 12,635,690 6,192 12,641,882 12,095,111 3,750 12,098,861 Total expenditure 12,635,690 6,192 12,641,882 12,095,111 3,750 12,098,861 Net Incomel{expenditure) (452,2811 371,708 180,5731 650,209 125,250 775,459 Other recognised gains and losses: Actuarial gains on defined benefit pension schemes 4,428,545 4,428,545 3,204,367 3,204,367 Net movement in funds 10 3,976,264 371,708 4,347,972 3.854,576 125,250 3,979,826 Re¢on¢iliatlon of funds: Fund balances at 1 April 2024 26,442,176 125,250 26,567,426 22,587,600 22,587,600 Fund balances at 31 March 2025 30,418,440 496,958 30,915,398 26.442,176 125,250 26,567,426 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivities. 10
ROSSIE SECURE ACCOMMODATION SERVICES STATEMENT OF FINANCIAL POSITION ASAT 31 MARCH 2025 2025 2024 Notes Fixed assets Property. plant and equipment IIivLasirnerii properly 15 16 .11,827,759 1,445.000 12.187,750 13,272,759 13,632,750 Cuvrent assets Invenloriob Trade and other receivables Invg.qtmpnl8 Ca8h cit bqr nk aiid in hrind 18 19 20 63,982 1.0114.87?_ 100 2,965,643 97,551 1.11?,498 100 2,959,165 4,114.597 11,235,294) 4.369,314 11.206,109} Current liabilitles 22 Net current assets 2,879,30J 3.163,205 Total assets les5 current Ilabilltieg 16, 152,Qfi2 16,795,955 Non-cvrrent Ilabllltles 2J lJ32.3831 11.09fJ,703) Net a8JetJ excludlng pon¥ion 8urpluB 15,61 LJ.61y 15,700,252 Defned benefit rnSIOn si wpliis 15.?95.719 10,867,174 Net assets 30,915,398 26,567.426 The funds of Ihe charity Reslrided in¢ome func1% Unrestiicled funds Peri resdive 25 26 496.958 15,122,T21 15.295.11Y 125,250 15,575,002 1U,8t*l,1 r4 30,915,398 26,567,426 The financial statements were apDroved bv Ihe Iruslce on 10 Septttmber 2025 11
ROSSIE SECURE ACCOMMODATION SERVICES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 30 797,248 1,450,562 Investing activities Purchase of property, plant and equipment Proceeds from disposal of property, plant and equipment Investment income received (479,6641 {549,478} 16,250 201,483 247,312 Net cash used In investing activities 1261,9311 (302,1661 Financing activltles Repayment of borrowings Repayment of bank loans (35,0001 1493,8391 100,000 (465,2221 Net cash used in financing activities 1528,8391 (365,2221 Net increase in cash and cash equivalents 6,478 783,174 Cash and cash equivalents at beginning of year 2,959,165 2.175.991 Cash and cash equivalents at end of year 2,965,643 2,959.165
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infoTmation Rossie Secure Accommodation SeNices is an unincorporated charity, registered in Scotland, constituted under a trust deed. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment IS¢ollandl Act 2005, the Charities Accounts {Scotland) Regulations 2006 las amended) and "Accounting and Reporting by Charilie5.- 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 IFRS 1021 leffective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial slatements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments al fair value. The principal accounting policies adopted are sel out below. 1.2 Going concorn At the lime of approving the financial statements, the trustee has a reasonable expectation that the charity has adequate resources to ¢onlinue in operational existence for the foreseeable future. Thus the trustee continues to adopt the qoinq concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustee in furtherance of their charttable objectives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific condilion5 by donors that the capital must be niaintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nolified of the donation. unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charsty has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingenl asset. Income from Government grants are shown in full in the Statement of Financial Aclivilies. Income received toward capital expenditure is allocated to a restricted reserve. That reserve will then be reduced each in line with the depreciation charge on the respective fixed asset. Incorne received towards operating expenses will be allocated to the fund when the expenditure is incurred. 13
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continuedl 1.5 Expenditure All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allottated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly allributed lo particular headings they have been allocated on a basis consislenl wilh the use of the resources, with central staff costs alloc8ted on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. All resources are inclusive of irrecoverable VAT. Charitable expenditure comprises those costs incurred by the Charity in the delivery of it activities and services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those osts of an indirect nature necessary lo support them. The charity has only one charitable activity. These include the costs attributable to the Charity's compliance with constilutional and stalulory requirements. including audit, strategic management and Trustee's meeting and reimbursed expenses. Government grants are recognised as income in the year they are received. 1.6 Property, plant and equipment Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fillings Motor vehicles 40/0 on cost 25 % on cost 33.30/0 on cost Freehold land is not depreciated. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Individual fixed assets costing £500 or more are initially recorded. 1.7 Investment property Investment property, which is property held lo earn rentals andlor for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficil on revaluation is recognised in profit or loss. 1.8 Impairment of non-current assets At each reporting end date, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairmenl loss. If any such indicalion exists, the recoverable amount of the asset is estimated in order to determine the exlenl of Ihe impairment loss lif any). 14-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued} 1.9 Inventories Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated casts of completion and cosls to be incurred in marketing, selling and distribution. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafls are shown within borrowings in current liabilities. 1.11 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally p.nforrp.ahlp. right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the a55et and settle the liability simultaneously. 8asic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unles5 the arranqement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounled at a market rate of interest. Financial assets classified as receivable wilhin one year are not 8mortised. Basic financial liabilities Basic financial liabilities. including trade and other payables and barik Iuciris are iriilially recogi)ised at transaction price unless the arrangement constitules a financing tr?n8gftinn, whp.re the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 15
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Contlnuedl 1.42 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably commilled to terminate the employment of an employee or to provide termination benefits. 1.13 Retirement beneflts The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice. The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, seltlemenls and curtailments are recognised as incurred. The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit paymenls. The net interesl is recognised in incomel{expenditurel for the year. Remeasurement changes comprise actuarial gains and losses, Ihe effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other recognised gains and losses in the period in which they occur and are not reclassified to income/ lexpenditure) in subsequent periods. The nel defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme. 1.14 Fund structure Unrestricted incorne funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the Charity. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustee is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other SQLtrces. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevanl. Actual results may differ from these estimates. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 16
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and legacies Restrl¢ted funds 2025 Restricted funds 2024 Grants 377,900 129,000 Grants Scottish Government grants Corra Foundation 211.900 166,000 45,000 84,000 377,900 129,000 Government gYantS The income from the Scottish Government is to be used for the accommodation upgrades as detailed in note 25. The income from the Corra Foundation income has been received toward building a new Welcome Room. Income from charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Children care 11.954,075 12,460,078 Income from other trading a¢tivities Unrestricted Unrestricted funds funds 2025 2024 Other income 11,601 37,930 17-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestricled funds funds 2025 2024 Rental income Interest receivable 133,677 67,806 146,699 100,613 201,483 247,312 Other income Unrestricted Unrestricted funds funds 2025 2024 Net gain on disposal of tangible fixed assets 16,250 18
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Child Care Housing Total Child Care 2025 Housin9 Total 2024 2025 2025 2024 2024 Staff costs Depreciation Rates Heat and light Insurance Repairs and maintenance Setvice contracts Ground upkeep Household expenses Provisions Clothing costs Recreation and awards Classroom costs Medical costs Cleaning materials Motor expenses Child. staff and Governor travel Publicity Research and development Housing costs Telephone Computer costs Printing and stationery Postage Subscriptions Bank charges Bank loan interest 9,271,734 839,656 11,204 505,412 210,125 592,400 383,747 3,534 54,702 153,945 20,876 88,202 64,992 11,281 17,881 65,171 9,271,734 839,656 11,204 505,412 210,125 592,400 383,747 3,534 54.702 153,945 20,876 88,202 64,992 11,281 17.881 65,171 8,486,631 1,122,116 7,405 519,081 226,230 515,790 302,577 2,761 62,174 161,382 17,894 79,931 41,698 11,460 18,293 59,022 8,486,631 1,122,116 7,405 519,081 226,230 515,790 302,577 2,761 62,174 161,382 17,894 79,931 41,698 11,460 18,293 59,022 31.891 12,628 4.057 31,891 12,628 4,057 122.791 22,428 4,322 6,092 2,247 4,173 1,444 60.132 21,890 7,847 5,065 21,890 7.353 8,757 91,873 25,912 19,211 6,079 2,910 4,010 2,504 92,913 122,791 53,117 22,428 4,322 6,092 2.247 4,173 1,444 60,132 24,049 9,531 7,589 2,975 4,121 1,364 88,748 12,444.276 122,791 12,567,067 11,807,624 53.117 11,860,741 Share of governance costs (see note g) 74,815 74,815 238,120 238,120 12,519,091 122,791 12,641,882 12.045,744 53,117 12,098,861 Analysis by fund Unrestricted funds - general Restricted funds 12,512,899 6,192 122,791 12,635,690 12,041,994 6,192 3,750 53,117 12,095,111 3,750 12,519,091 122,791 12,641.882 12,045,744 53,117 12,098,861 19
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities Total 2025 Total 2024 Governance 74,815 238,120 2025 2024 Governance costs comprise: Audit fees Accountancy Legal and profe55ional Scottish Govemment Redress Scheme 8,880 1,800 64,135 8,040 95,080 135,000 74,815 238,120 10 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting)'. Fees payable lo the charity's auditor.. for the audit of the charily's financial statements for other financial services Depreciation of owned property, plant and equipment Profit on disposal of property, plant and equipment 8,880 1,800 839,656 116,2501 8,040 1.122.116 11 Auditor's remuneralion Fees payable to the charity's auditor and associates.. 2025 2024 For audit seNices Audit of the financial statements of the charity 8,880 8,040 For other services All other non-audit services 1,800 12 Trustee None of the Governors of Rossie Secure Accommodation Service or the trustee {or any persons connected with them) received any remuneration during the year, but 4 governors were reimbursed a total of £1,856 travelling expenses12024- 3 were reimbursed £1.997). 20-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Office, administration and teachers 206 223 Employment costs 2025 2024 Wages and salaries Social security costs Other pension rnstq 7,514,904 697,207 983,959 6,838,273 632,228 953,243 9,196,070 8.423,744 The Number of employees whose annual remuneration was more than £60,000 is as follows.. 2025 Number 2024 Number £60,001- £70,000 £70,001 - £80,000 £80,001 - £90.000 £90,001- £100,000 Remuneration of key manaqement personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggregate compensation 92,400 85,600 14 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 21
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Property, plant and equipment Freehold land Assets under Fixtures and and buildings constru¢tion flttings Motor vehlcle5 Total Cost or valuation At 1 April 2024 Additions Disposals 13,043,g69 123,014 3,176,688 172,667 157,609 16,378,266 47,343 479,664 132,848} 132,8481 136,640 At 31 March 2025 13,166,983 136.640 3,349,355 172,104 16,825,082 Depreciation and impairment At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 1,524,600 514,088 2,530,373 297,091 135,542 4,190,515 28.477 839.656 (32,8481 132,848) Al 31 March 2025 2,038,688 2.827,464 131,171 4,997,323 Carrying amount At 31 March 2025 11,128.295 136,640 521 ,891 40,933 11,827,759 At 31 March 2024 11,519,369 646,314 22,067 12,187,750 Land and buildings with a carrying amount of £11,128,295 were revalued on 15 September 2020 by CBRE Limited, Chartered surveyors, independent valuers not connected with the charity on the basis of market value. The valuatioll conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. At 31 March 2025, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £7,835,506 12024 £8,389,860). Freehold land and buildings with a carrying amount of £11,128.295 (2024 £11,519,369) have been pledged lo secure borrowings of the charity. The charity is not allowed to pledge these assets as security for other borrowings or lo sell them to another entity. 16 Investment property 2025 Fair value At 1 April 2024 and 31 March 2025 1,445,000 Investment propety comprises of residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 15 September 2020 by CBRE Limited. Chartered Surveyors. who are not connected with the charity. The valuation was made on an open market value basis by reference lo market evidence of transaction prices for similar properties. 22-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 17 Financial instrurnents 2025 2024 Carrying amount of financial assets Instruments measured at fair value through profil or loss 100 100 18 Inventorles 2025 2024 Stocks 63,982 97,551 19 Trade and other receivables 2025 2024 Amounts falling due within one year: Trade receivables Prepayments and accrued income 954,105 130,767 1,217,555 94,943 1,084,872 1,312,498 20 Current asset investments 2025 2024 Unlisted investments 100 100 21 Borrowings 2025 2024 Bank loans Other loans 750,099 345,000 1,243,938 380,000 1,095,099 1,623,938 Payable within one year Payable after one ye8r 562,716 532,383 528,235 1,095,703 Amounts included above which fall due after five years= Payable by ir,stalY.r,:s 145,QO 1Q4 000 The long-temi bank loan is secured by a standard security over Rossie Estate, Monlrose. -23-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Borrowings (Continuerll The bank loan is repayable by equal instalmenls over the life of the loan. The loan is due to expire in August 2026. The interest rate applied on the loan is fixed at 5.94°/, 22 Current liabilities 2025 2024 Notes Bank loans Other borrowings Other taxation alld social security Trade payables Accruals and deferred income 21 522,716 40,000 165,570 206,869 300,139 493,235 35,000 155,564 269,663 252,647 1,235,294 1,206,109 23 Non.current Ilabllities 2025 2024 Notes Bank loans Other borrowings 21 227,383 305,000 750,703 345,000 532,383 1.095,703 24 Retirement benefit schemes The charity operates a defined benefit pension seherne for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 24-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Retirement benefit schemes (Continued) Deflned benefit schemes The LGPS is a defined benefit Slalulory scheme administered in accordance with the Local Government Pension Scheme (Scotlandl Regulations 2018 and currently provides benefits based on career average revalued earnings. The administering authority for the fund is Dundee City Council. The Pension Fund Committee oversees the management of the Fund whilst the day to day fund administration is undertaken by a team within the administering authority. Where appropriate some functions are delegated lo the Fund's professiollal advisors. As administering authority to the fund, Dundee City Council, after consultation wilh Ihe Fund Actuary and other relevant parties, is responsibility for the preparation and maintenance of the Funding Strategy Statement and the Investment Strategy Statement. These should be amended when appropriate based on the Fund's performance and funding. Contribution are sel every Iliree ye(Irs <15 a resull uf Ilie (a¢luari<il v(alLJdlic)11 ul Ilie Fuiid ¥equired by tlie Regulations. The next actuarial valuation of the Fund will be carried out as at 31 March 2026 and will set conlribulions for Ihe period 1 April 2025 to 31 March 2028. There are no minimum funding requirements in the LGPS but the contributions are generally set to target a funding level of 100°/o using the actuarial valuation assumptions. On the Employer's withdrawal from the Fund, a cessation valuation will be carried out iri accordar)ce with Regulation 61 of the LGPS IScoiland} Regulations 2018 which determine the termination contribution due by the employer. on a Set of as5UmPtions deemed appropriate by the Fijnd Arliiary. In general, participating in a defined benefit pension scheme means that the Employer is exposed to a number of risks.. 1. Investment risk. The Fund holds investment in asset classes, such as equities, which have a volatile market values and while Ihese assets are expected to provide real retums over the long-term, the short-term volatility can cause additional funding lo be required if a deficit emerges", 2. Interest rate risk. The Fund's liabilities are assessed using market yields on a high quality corporate bonds to discount futLire liability tashflows. As the Fiind holds assets such as equities the valLie of the assets and liabilities may not move in the same way., 3. Inflation risk. all of the benetits under the Fund are linked to inflation and so deficits may emerge to Ihe extent that the assets are not linked to inflation., and 4. Longevity risk. In the event that the members live longer than assumed a deficit will emerge in the Fund. There are also other demographic risks. In addition, as many employers participate in the Tayside Pension Fund, there is an orphan liability risk where employers leave the Fund but with insufficient assets to cover their pension obligations so that the difference may fall on the remaining employers. All of the risks above may also benefit the Employer e.g. higher than expected investment returns or employers leaving the Fund with excess assets which eventually get inherited by the remaining employers. 25-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Retirement benefit 5¢hemes (Continued) Key assumptions 2025 2024 Discount rale Expected rate of increase of pensions in payment Expected rate of salary increases 5.85 Mortalily assumptions The assumed life expectations on retirement at age 65 are: 2025 Years 2024 Years Retiring today Males Females 18.8 21.7 18.9 21.6 Retiring in 20 years Males Females 20.2 23.2 20.2 23.1 Amounts recognised in the income statement Costs/(incomeJ.' 2025 2024 Current service cost Nel interest on defined benefit liabilityl(asset) Unfunded employer payments Other costs and income 944,957 1552.9151 11,9051 11,942 927,388 1387,9121 12,7951 9,875 Total cosls 403,215 547,446 Amounts recognised in olher comprehensive irjcome Costs/(incom8)." 2025 2024 Actual return on scheme assets Less.. calculated interest element {1,898.8021 11.359.112) 1,898,802 1,640,597 Retum on scheme assets excluding interest income Actuarial changes related to obligations Experience gainl(loss) on defined benefit obligation 281.485 {950,6391 829,453 14,561,447) 168,4491 Total costsl{income) (4,629,896) 160,299 26-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Retirement benefit schemes (Continued) The amounts included in the statement of financial position arising from the charity's obligations in respect of defined benefit plans are as follows.. 2025 2024 Liabililiesllassets).. Present value of defined benefit obligalions Fair value of plan assets 24.774,928 27,811,851 140,070,647} (38,679,025) Surplus in scheme 115,295,719) {10,867,174) 2025 Movements in the present value of defined benefit obligations Liabilities at l April 2024 Current service cosl Benefits paid Contributions from scheme members Actuarial gains and losses Interest cost Exchange differences Other 27,811,855 944,957 11,017,359) 320,253 (4,561,447) 1.345,887 168,4491 17691 At 31 March 2025 24,774,928 The defined benefit obligations arise from plans which are wholly or partly funded. 2025 Movements in the fair value ofplan assets Fair value of assets at 1 April 2024 Interest income Plan introductions, changes, curtailments and settlements Benefits paid Contributions by the employer Contributions by scheme members Other 38,679,025 1,898,802 1641,0571 {1,018,1281 843,694 320,253 {11,9421 At 31 March 2025 40,070,647 27-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Retlrement benefit schemes (Continued) 2025 2024 Fair value of plan assets Equity instruments Property Gilts Other bonds Cash Alternatives 26,613,509 6.080.154 2,555,797 2,638,602 2,171,983 10,602 27,892,647 3.428,566 2,440,474 2,541,235 2.366,718 9,385 40,070,647 38.679,025 25 Restricted fund5 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjecl to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 Security upgrades Corra Found81ion Environmental Adaptations for Neurodivergent Children Accommodation upgrades Annan House upgrades 11,250 84,000 {3,7501 7,500 250,000 166.000 30,000 30,000 122,558 86,900 125,000 86,900 12,4421 125,250 377,900 (6,1921 496,958 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 Security upgrades Corra Foundation Environmental Adaptations for Neurodivergent Children 15,000 84,000 13,7501 11,250 84,000 30,000 30,000 129,000 (3,7501 125,250 28-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Restricted funds (Continued) Security upgrade fund This fund Is was provided to upgrade the CCTV system. The fund will reduce in line with the depreciation charge applied to the security system. Corra Foundation This fund was provided to fund the construction of a Brothers and Sisters project for the Young persons. Environmental Adaptations for Neurodivergent - This fund was award to allow Rossie Se¢ure Accommodation Service to adapt its facilities better for ils young persons. Accornmodation upgrades This grant wa5 received lo upgrade the windows 2nd doors within the secure accommodation. The expenditure shown is the Cost of the assets being depreciated in line with the accounting policy Annan House uygrade Tl)is fund is lo pi'ovide finance to upgrade Annan House. This expenditure will be included within fixed assets and depreciated in line with the accounting policy. 26 Unrestricted funds The income funds of the charity include the following designated fund which has been sel aside out of unrestricted funds by the trustee for specitic purposes.. At 1 April 2024 Incoming resources Resources expended Transfers Gains and At 31 March losses 2025 Housing Funds committed to essential capital upyiddeb General funds 427,976 113,059 {122,791 } 418,244 1,665,000 9,139,125 1,66Jr,000 8,696,576 12,070,350 (12.512,8991 11,232,101 12,183,409 {12,635,690) 10,779,820 Revaluation reserve 4,342,901 10,867,174 4,342,901 15,295,719 Pension fund 4,428,545 26,442,176 12,183,409 {12,635,6901 4.428,545 30,418,440 29-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Unrestricted funds (Continued) Previous year: At 1 April 2023 Incoming resources Resources expended Transfers Gains and At 31 March losses 2024 Housing Funds commilled lo essential capital upgrades General funds 334,394 146,699 (53,1171 427.976 1,665,000 12,598,621 112,041,994) 11,665,000) 1,665,000 9,139,125 10,247,498 10,581,892 12,745,320 {12,095,1111 11,232,101 Revaluation reserve Pension fund 4,-,42,901 7,662,807 4,342,901 10,867,174 3,204,367 22,587,600 12,745,320 112,095,111) 3,204,367 26,442,176 The housing fund represents the surplus generated from the investment properties. Any surplus generated in any year is set aside in the designated fulld lo cover any potential future losses and future upgrade work on the properties. The Funds committed to essenti81 capital projects are monies required for necessary upgrades to the secure facility. 27 Analysis of net assets between funds Unrestricted Restrl¢ted funds funds 2025 2025 Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Fund balances al 31 March 2025 are represented by.. Property. plant and equipment Investment properties Current assetsllliabilitiesl Long term liabilities Provisions and pensions 11,615,822 1,445,000 2,594,282 1532,3831 211,937 11,827,759 12,167,303 1,445,000 1,445,000 2,879,303 3,058,402 {532,383) (1,095,703) 20,447 12,187,750 1,445,000 3,163,205 11,095,703) 285,021 104,803 15,295,719 15,295,719 10.867.174 10,867,174 30,418,440 496,958 30,915,398 26,442,176 125,250 26,567,426 28 Related party transactions There were no disclosable related party transactions during the year (2024 - none). 30-
ROSSIE SECURE ACCOMMODATION SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 29 Analysis of changes in net funds At 1 April 2024 Cash flowsAt 31 March 2025 Cash at bank and in hand 2,959,165 6,478 2,965,643 Loans falling due within one year Loans falling due after more than one year {528,235) (1,095,703) (34,4811 563,320 1562,716) (532,383) 1,335,227 535,317 1,870,544 30 Cash generated from operations 2025 2024 (Deficitllsurplus for the year (80,5731 775,459 Adjustments for: Investment income recognised in statement of financial activities Gain on disposal of property, plant and equipment Depreciation and impairment of property, plant and equipment Difference between pension charge and cash contributions (201,4831 {16,2501 839,656 2,473 {247,3121 1,122,116 6,230 Movements in wovking capital: Decreasellincreasel in inventories Decreasellincrease) in trade and other receivables IDecrease)lincrease in trade and other payables 33,572 227,626 (7,7731 121,1011 1320,8491 136,019 Cash generaled from operations 797,248 1,450,562 31
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