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2025-03-31-accounts

THE scorrisH AMBULANCE SERVICE BENEVOLENT FUND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER SC025304

THE SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND

INDEX TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page
Legal and administrative information 2
Report of the trustees 3-6
Independent Examiner’s report to the trustees 7
Statement of financial activities and
income and expenditure account 8
Balance sheet 9
Statement of accounting principles and
notes to the financial statements 10-14

1

THE SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND

Principal Address: National Headquarters Gyle Square 1 South Gyle Crescent EDINBURGH EH12 9EB Trustees: Bankers: Royal Bank of Scotland plc 17 Comiston Road EDINBURGH EH10 6AA Independent Examiner: JRW Hogg & Thorburn LLP Chartered Accountants 19 Buccleuch Street Hawick Roxburghshire TD9 0HL Scottish Charity Number: SC025304

2

THE SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND REPORT OF THE TRUSTEES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Report of the trustees

The Trustees have pleasure in presenting their report and financial statements of the Scottish Ambulance Service Benevolent Fund (Benevolent Fund) for the year ended 31 March 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Fund's Deed of Trust, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as 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 the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019)

Objectives and Activities

The main objectives of the Benevolent Fund are:

The main activities of the fund continue to be the making of grants and loans in terms of the objectives set out above. The fund continued issuing retirement grants to Benevolent Fund members who had recently retired from the service. Tickets to family attractions were again offered and well received by members.

The charity makes grants and loans available to staff and ex staff in cases of hardship. These applications are considered and approved by a minimum of two Trustees. In the event of any difference of opinion a third Trustee is approached.

3

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND REPORT OF THE TRUSTEES ON THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and Performance

The Trustees are satisfied that the Benevolent Fund has achieved its objectives and been of considerable benefit to those who have been assisted by it to date. The core purpose of the Fund continues to run along the same lines as previous years with benefits and services offered to staff and retired staff as described above.

The Fund received 7 applications for financial assistance during the year (5 in 2023/24). The Trustees approved the payment of 6 loans and 1 grant (3 & 1 in 2023/24).

Qualifying category 2025
Volume		 2024
Volume		 2025
Value		 2024
Value
Death in service payments 5 9 £25,000 £45,000
Retirement Grants 76 128 £17,050 £29,200
Other Grants 1 1 £833 £2,000
Attraction Tickets 3872 3486 £60,063 £39,693
Loans Approved 6 3 £9,542 £4,500

Financial review

Funds have decreased during the year from £318,452 to £316,371.

Income continues to be donations from employees of Scottish Ambulance Service and interest received. The number of staff donating to the fund increased from 5,379 in April 2024 to 5,472 in March 2025 with staff contributions increasing from £97,093 to £97,280.

The Trustees had approved a limit of £60,000 for attraction tickets to allow more staff to benefit as we continue to recover from the pandemic. The actual spend was £60,063 and all who applied received their first choice in tickets.

Reserves Policy

Trustees continue to monitor the financial position to ensure the sustainability of the Fund. The level of funding provided for attraction tickets can be flexed depending on the annual revenue forecast.

Investment Policy

Under the Deed of Trust, the Trustees have full and unrestricted powers of dealing with the Fund in all aspects of the carrying out of its purpose.

The trustees have assessed the major risks to which the Fund is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Trustees have reviewed treasury arrangements to ensure best return on cash deposits.

4

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND REPORT OF THE TRUSTEES ON THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The trustees intend to continue with the policies currently followed for the Benevolent Fund, reviewing the level of funds available and the needs of the beneficiaries, to identify when and if any changes to the policies are required.

Structure, governance, and management

The Benevolent Fund was founded as an unincorporated registered charity set up by Deed of Trust dated 6 July 1995 as subsequently amended and summarised in the Trust Document dated 31 January 2006.

The trustees who served during the year and up to the date of signature of the financial statements were:

Scottish Ambulance Service Benevolent Fund is run by a Committee of Trustees whose membership is set out above. The Chairman of the Scottish Ambulance Service is also ex-officio Chairman of the Benevolent Fund. The Benevolent Fund Committee has the power to appoint new trustees as vacancies arise during the year. Trustees are recruited by a variety of methods including advertising throughout the Scottish Ambulance Service and by word of mouth.

Induction and training of trustees is informal and takes place mainly at committee meetings.

5

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND REPORT OF THE TRUSTEES ON THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

Trustees' responsibilities statement

The trustees 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). The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Fund’s Deed of Trust. They are 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. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure of information to Auditors

So far as the Trustees are aware:

The trustees' report was approved by the Board of Trustees and signed on behalf of the trustees

Trustee Dated: 24[th] November 2025

6

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND

I report on the accounts for the year ended 31st March 2025 set out on pages eight to fourteen.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

have not been met; or

The Institute of Chartered Accountants of Scotland

JRW Hogg & Thorburn LLP Chartered Accountants 19 Buccleuch Street Hawick Roxburghshire TD9 0HL

Date: 5 December 2025

7

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income from:
Donations and legacies
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Net expenditure for the year/Net movement in funds
Fund balances at 1stApril
Fund balances at 31st March		 Unrestricted
funds
Total
2025
2024
£
£
97,305
220,266
8,369
2,208
105,674
222,474
107,755
121,614
(2,081)
100,860
318,452
217,592
316,371
318,452

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

8

scorrisH AMBULANCE SERVICE BENEVOLENT FUND BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Current Assets Debtors Cash at bank and in hand 7,808 312,622 320.430 127,843 199,848 327,691 Creditors: amounts falling due within one year (4,059) (9,239) Net current assets 316,371 318,452 Income funds Unrestricted funds - general 316,371 318,452 The financial statements were approved by the Trustees on 24 November 2025. Trustee The notes on pages 10 to 14 form part of these financial statements.

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND STATEMENT OF ACCOUNTING PRINCIPLES AND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. BASIS OF ACCOUNTING

The financial statements have been prepared on the historical cost basis of accounting except for investments which are carried at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The Benevolent Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The financial statements have been presented in Pounds Sterling as this is the functional and presentational currency of the Benevolent Fund. Monetary amounts in these financial statements are rounded to the nearest £.

2. CHARITY INFORMATION

The continuing activity of The Scottish Ambulance Service Benevolent Fund is to provide for the welfare of all persons in necessitous circumstances who are employed or have been formerly employed by the Scottish Ambulance Service.

The Fund is incorporated in Scotland and its registered number is SC025304. The Fund's registered address is National Headquarters, Gyle Square, 1 South Gyle Crescent, Edinburgh, EH12 9EB.

3. ACCOUNTING POLICIES

Going Concern

At the time of approving the accounts, the trustees have a reasonable expectation that the Fund has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Recognition and allocation of income

Income is recognised when the Fund 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 Fund has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

10

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND STATEMENT OF ACCOUNTING PRINCIPLES AND NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES (Cont.)

Recognition and allocation of income (Cont.)

Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the Fund.

Investment income is interest received from bank accounts and financial investment products. All income is allocated to unrestricted funds.

Recognition and allocation of expenditure

All expenditure is included on an accrual basis and is recognised when there is a legal or constructive obligation to pay for expenditure. The trust is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Costs of charitable activities comprise the direct cost of the activity and support and governance costs.

Grants and Death in Service payments are only made to Scottish Ambulance Service employees in furtherance of the charitable objects of the fund. Liability for such grants and payments is recognised when approval has been given by the Trustees. Death in service grant expenditure is recognised in the year that the death occurs.

Award and attraction ticket costs represent the cost of tickets purchased during the year whether these have been used by employees under the scheme or not. When tickets are bought there is no refund available and therefore the cost is correctly shown as expended.

Support costs comprise all costs attributable to administering the activity of the charity. These costs include those related to loan applications, attraction ticket applications, Wi-Fi access and general receipts and payments.

Governance costs comprise all costs attributable to ensuring the public accountability of the charity and its compliance with regulations and good practice.

All expenditure is allocated to unrestricted funds.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

11

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND STATEMENT OF ACCOUNTING PRINCIPLES AND NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES (Cont.)

Financial instruments

Financial instruments are recognised in the statements of financial activities when the Trust becomes a party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price. After initial recognition, they are accounted for as set out below.

Financial instruments are classified as either ‘basic’ or ‘other’ in accordance with Chapter 11 of FRS102.

At the end of each reporting period, basic financial instruments are measured at amortised cost using the effective rate method.

Financial assets are derecognised when the contractual rights to the cash flows from the assets expire, or when the Trust has transferred substantially all the risks and rewards of ownership. Financial liabilities are derecognised only once the liability has been extinguished through discharge, cancellation, or expiry.

4.
DONATIONS AND LEGACIES
Donations and gifts
Legacies		 2025
2024
£
£
97,305
97,093
0
123,173
97,305
220,266

Most donations are received monthly by way of salary deduction from the employees of the Scottish Ambulance Service. All donations are unrestricted.

5. INVESTMENT INCOME 2025 2024
£ £
Interest on cash deposits 8,369 2,208

12

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND STATEMENT OF ACCOUNTING PRINCIPLES AND NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

6.
COST OF CHARITABLE ACTIVITIES
Attraction tickets
Retirement grants
Death in service payments
Grants paid
Hardship loans written-off
Costs in furtherance of charitable objectives
Support costs – administration
Support costs – bank charges
Governance costs – independent examination / audit fees
Analysis by fund
Unrestricted funds – general
7.
DEBTORS
Amounts falling due within one year:
Other debtors
8.
CREDITORS
Amounts falling due within one year:
Accruals and deferred income
9.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balances at 31stMarch are represented by:
Current assets/(liabilities)
10.
INDEPENDENT EXAMINER / AUDITOR REMUNERATION
Independent Examination / Audit fees		 2025
2024
£
£
60,063
39,692
17,050
29,190
25,000
45,000
833
2,000
750
0
103,696
115,882
2,019
1,892
0
0
2,040
3,840
107,755
121,614
107,755
121,614
2025
2024
£
£
7,808
127,843
2025
2024
£
£
4,059
9,239
2025
2024
£
£
316,371
318,452
2025
2024
£
£
2,040
3,840

13

SCOTTISH AMBULANCE SERVICE BENEVOLENT FUND STATEMENT OF ACCOUNTING PRINCIPLES AND NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2025

11. TRUSTEES

None of the trustees (or any persons connected with them) received any remuneration from the Fund during the year nor have they had expenses reimbursed in the current or preceding year.

The following trustees received attraction tickets as undernoted:

– 2 East Links Family Park tickets to the value of £22.40 1 Ticketmaster voucher to the value of £30

12. EMPLOYEES

There were no employees during the year.

13. TAXATION

The Scottish Ambulance Service Benevolent Funds have charitable status and are exempt from income tax under Section 505 of the Income and Corporation taxes Act 1988.

14. RELATED PARTY TRANSACTIONS

The Trustees are all employees of the Scottish Ambulance Service. There are no transactions with the trustees or their related organisations during the year other than the Scottish Ambulance Service and as noted at note 11. All the charity's transactions are related to the Scottish Ambulance Service.

14

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