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← South Ayrshire Escape From Homelessness Ltd (Seascape)

2025-06-30-accounts

REGISTERED COMPANY NUMBER: 8C242218 (Scotland) REGISTERED CHARITY NUMBER: SC028570

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SOUTH AYRSHIRE ESCAPE FROM ILOMELESSNESS LTD.

Galbraith Pritchards Chartered Accountants and Statutory Auditor 20 Barns Street Ayr Ayrshire KA7 1XA

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD.

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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Page Report of the Trustees 1 to 6 Report of the Independent Auditors 7 to 9 Statement of Financial Activities 10 Balance Sheet 11 Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Statements 14 to 25

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. (REGISTERED NUMBER: SC242218)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

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The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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

Objectives and aims During 2024-25, the trustees focused on progressing SeAscape's purpose of supporting people experiencing homelessness or at risk of homelessness across Ayrshire. Our core objectives for the year were:

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. (REGISTERED NUMBER: SC242218)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

STRATEGIC REPORT

Achievements and performance Despite a challenging economic and funding environment, SeAscape continued to deliver vital support to individuals and families experiencing housing crisis throughout 2024-25,

Contracted Housing Support Services During the year we supported 755 households across South and East Ayrshire through our contracted Housing Support Services in South and East Ayrshire. Support plans were developed using the Better Futures framework, enabling service users to identify their goals and track progress, leaving our service better equipped to manage and sustain safe, secure accommodation.

Independent Projects and Additional Services I'M IN! Project Delivery continued in partnership with Ayr Housing Aid Centre SCIO, supporting people at risk of homelessness in the private rented sector thanks to continued funding from the Scottish Government alongside a contribution from South and East Ayrshire Councils. During the year the project supported 166 households (East Ayrshire 52 / South Ayrshire 114), successfully preventing or delaying homelessness in 82% of cases closed during the year.

Pass I¢ On Project Our project continued to provide essential houschold goods to people transitioning from homelessness. During the 2024-25 year, we assisted 457 houscholds to furnish their homes using donations received from 1,365 community donors, diverting more than 195 tons of waste from landfill. This reflects the strong local support for the project's objectives and highlights the significant environmental benefit achieved through our reuse and recycling efforts.

Reconnect with Hope (Befriending Project) Funded by the Community Mental Health Fund and Global's Make Some Noise, the project supported people experiencing social isolation to build positive relationships within their local community. The project showed strong eachcommunity week. interaction through a total of 2,008 engagements over the course of the year, an average of 39 engagements

Service User Feedback "Knowing I had someone in my comer supporting me was great, | couldn't have done this on my own"

"My housing support worker was very helpful; she stepped in when everything was going wrong and made it right again" “SeAscape has helped me so much through my time from being in homeless to my own flat" "The support I got from my support worker was superb. She helped from start to finish - from homelessness to settling in, without this support I feel I would not be here to tell the story”

Social Enterprise Development SeAscape's Reuse Furniture Store continued to grow following its September 2023 launch. This year, the enterprise: ~ Increased income supporting our charitable work. - Expanded volunteering opportunities. - Continued to divert waste from landfill and promote reuse across Ayrshire.

Organisational Change and Gevernance During the year, there were several important changes in staffing and governance.

Following the departure of Donna Noy, Karen McKinlay stepped into the role of Acting Housing Support Services Coordinator and assumed the responsibilities of Registered Manager with the Care Inspectorate. In governance, Billy Fisher resigned from his trustee role after five years of service due to personal commitments, during which his expertise significantly shaped ScAscape's Strategy. After the year end, Maureen Wooster also stepped down from the Board owing to personal circumstances; during her two years of service she played a key role in relaunching SeAscape's fundraising activities. The Board extends its sincere thanks to both for their valuable contributions.

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. (REGISTERED NUMBER: SC242218) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 IiS The Board wishes to acknowledge and expresses appreciation for the valuable contribution and service of all trustees, management, and frontline teams. Strategic Development Throughout the year trustees and staff worked together to embed the organisation's 2024-27 Strategic Priorities, reshaping SeAscape's direction in line with the external context and emerging pressures.

Financial review

Financial position SeAscape reported a surplus of £46,605 for the year ended 30 June 2025.

This improved position reflects prudent financial management, increased social enterprise income, and resolution of the financial burden related to unsuitable premises earlier in the year. The Board continues to monitor financial statements regularly and is committed to the stability of SeAscape but is also very aware of the need where necessary to use our reserves to ensure that our services meet the needs of those who require them.

Reserves policy

The aim of the trustees is to strive to maintain sufficient reserves in unrestricted funds to meet its future obligations.

Whilst the current level of reserves are sufficient for the immediate future, it is the trustees! view that it is prudent to ensure that there are sufficient free reserves to provide for financial flexibility over the longer term.

Principal risks and uncertainties

The trustees carefully monitor external risks, including:

Material Post-Year-End Event: Loss of the South Ayrshire Council Contract Following the year end, ScAscape received confirmation that it had not been successful in retaining the South Ayrshire Council Housing Support Contract for people aged 26 and over - previously the organisation's largest income source and cornerstone of service delivery.

This represents a significant operational and financial shock, and mitigation has become the organisation's immediate strategic priority.

Shrink and Build Back Strategy

In response, trustees have adopted a Shrink and Build Back Strategy, focusing on: - An orderly, values led downscaling of activity dependent on the lost contract. - Protection of core expertise, team capacity, and organisational infrastructure.

Despite this challenge, trustecs remain confident that SeAscape retains the skills, reputation, and adaptability needed to rebuild and thrive.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. a Page 3

SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD, (REGISTERED NUMBER: $C242218)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

New trustees are recruited via open advertisement; appointments are made by members in general meetings with office-bearers appointed from among trustees. An induction programme briefs new trustees on obligations under charity and company law and on the charity's finances and activities

Decision making

The trustees monitor the work of SeAscape through regular board mectings informed by reports from the Chief Executive. Key policies are reviewed ona rolling basis with specialist HR support.

Induction and training of new trustees

An induction programme briefs new trustees on obligations under charity and company law and on the charity's finances and activities,

Engagement with employees

SeAscape is a Living Wage employer. Remuneration is reviewed annually by the trustees. We are committed to staff wellbeing, learning and development.

CONCLUSION

The trustees remain immensely proud of the work undertaken by our team during another year of significant challenge and change. We offer heartfelt thanks to our dedicated staff, volunteers, donors and partner organisations. The unexpected loss of the South Ayrshire contract will require resilience and transformation, but with strong leadership, committed staff, and a clear strategic plan, SeAscape is prepared to navigate this transition and continue serving people across Ayrshire.

FUTURE PLANS

The Board's strategic aims for 2024-27 remain central to our direction: People & Leadership; Excellence in Service Delivery; Partnership & Collaboration; Reputation; Financial Stability; and Planning for the Future.

For the year ahead our priority will be delivering the Shrink and Build Back Strategy, while identifying new funding and contract opportunities, strengthening the Social Enterprise, protecting essential services where possible, and reaffirming our role within the local sector.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 8$C242218 (Scotland)

Registered Charity number SC028570

Registered office Unit 1a Mosshill Industrial Estate Ayr KA6 6BE

Trustees PE Lochery W Fisher (resigned 22/7/2024) C Stewart M Wooster (resigned 1/12/2025) A Simpson PC White

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. (REGISTERED NUMBER: SC242218)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

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REFERENCE AND ADMINISTRATIVE DETAILS

Auditors Galbraith Pritchards Chartered Accountants and Statutory Auditor 20 Barns Street Ayr Ayrshire KA7 1XA Bankers Bank of Scotland 600 Gorgie Road Edinburgh EH11 3XP

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end ofthe year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES The trustees (who are also the directors of South Ayrshire Escape From Homelessness Ltd. for the purposes of company law) are responsible for preparing the Report of the Trustees 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 statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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 irregularities.

AUDITORS

The auditors, Galbraith Pritchards, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. (REGISTERED NUMBER: SC242218)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. aTTT

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Opinion We have audited the financial statements of South Ayrshire Escape From Homelessness Ltd. (the ‘charitable company’) for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 30 June 2025 and of its incoming resources and application ofresources, including its income and expenditure, 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 requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable 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 Standard, and the provisions available for small entities, in the circumstances set out in note 21 to the financial statements, 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 to provide a basis for our opinion.

Conclusions relating to going concern We draw attention to note | in the financial statements, which indicates that the loss of the South Ayrshire Council Housing Support Contract, may cast significant doubt on the entity’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the trustees’ assessment of the entity's ability to continue to adopt the going concern basis of accounting included reviewing the company's forecasts and projections for the next twelve months including assessing the assumptions used.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to 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 misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS

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Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees arc responsible for the preparation of the financial statements and for being satisficd that they give a true and fair view, and for such internal control as the trustees determine 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 charitable company'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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or crror, and to issue a Report of the Independent Auditors 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 (UK) will always detect a material misstatement when it exists. Misstatements 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 uscrs taken on the basis of these financial statements,

The extent to 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 company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and, enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fic.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS

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Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Marguerite Roos BAcc CA (Senior Statutory Auditor) for and on behalf of Galbraith Pritchards Chartered Accountants and Statutory Auditor Eligible to act as an auditor in terms of Section 1212 ofthe Companies Act 2006 20 Barns Street Ayr Ayrshire KA7 1XA

Date: PMO... Cotes 2026

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SOUTIL AYRSHIRE ESCAPE FROM HOMELESSNESS LTD.

STATEMENT OF FINANCIAL ACTIVITTES FOR THE YEAR ENDED 30 JUNE 2025

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||||||| |---|---|---|---|---|---| |eee| |Unrestricted|30/6/25|30/6/24| |fund|Restricted|Total|Total| |Notes|funds|tunds|funds| |INCOME AND ENDOWMENTS FROM|£|£|£|£| |Donations and legacies|2|9,323|3,800|13,123|20,296| |Charitable|activities|5| |Other income|lil|-|111|465| |Grants|617,669|175,986|793,655|707,940| |Other trading activities|3|129,266|-|129,266|94,644| |Investment income|4|6|-|6|28| |Total|756,375|179,786|936,161|823,373| |EXPENDITURE ON| |Raising funds|6|6,510|-|6,510|3,297| |Charitable|activities|7| |General| |Costs|2,934|-|2,934|-| |directly allocated|to activities|551,896|258,850|810,746|791,367| |Support costs|6,998|-|6,998|7,322| |Other trading expenses|62,368|-|62,368|45,663| |Total|630,706|258,850|889,556|847,649| |NET INCOME/(EXPENDITURE)|125,669|(79,064)|46,605|(24,276)| |RECONCILIATION OF FUNDS| |Total funds brought forward|108,000|79,064|187,064|211,340| |TOTAL FUNDS CARRIED FORWARD|233,669|-|233,669|187,064|

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The notes form part ofthese financial statements

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD. (REGISTERED NUMBER: SC242218)

BALANCE SHEET

30 JUNE 2025 i

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||||||| |---|---|---|---|---|---| |30/6/25|30/6/24| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |FIXED ASSETS| |Tangible assets|14|5,401|-|5,401|15,370| |CURRENT ASSETS| |Debtors|15|163,328|30,552|193,880|159,741| |Cash at bank and in hand|105,973|-|105,973|75,865| |269,301|30,552|299,853|235,606| |CREDITORS| |Amounts falling due within one year|16|(41,033)|(30,552)|(71,585)|(63,912)| |NET CURRENT ASSETS|228,268|-|228,268|171,694| |TOTAL ASSETS LESS CURRENT| |LIABILITIES|233,669|-|233,669|187,064| |NET ASSETS|233,669|-|233,669|187,064| |FUNDS|18| |Unrestricted funds|233,669|108,000| |Restricted funds|-|.|79,064| |TOTAL FUNDS|233,669|187,064|

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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on PH Sf BG and were signed on its behalf by:

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\ \Ls Cc
P E Lochery - Trustee
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The notes form part of these financial statements

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SOUTH AYRSHIRE ESCAPE FROM IIOMELESSNESS LTD.

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2025

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||||| |---|---|---|---| |Notes|30/6/25£|30/6/24£| |Cash flows from operating activities| |Cash generated from operations|1|40,894|(7,428)| |Net cash provided by/{used in) operating activities|40,894|(7,428)| |Cash|flows from investing|activities| |Purchase of|tangible fixed assets|(10,792)|G.417)| |Interest received|6|28| |Net cash used in investing activities|(10,786)|(3,389)| |Change in cash and cash|equivalents in| |the reporting period|30,108|(10,817)| |Cash and cash equivalents|at the| |beginning ofthe reporting period|75,865|86,682| |Cash and|cash equivalents|at the end|of| |the reporting period|105,973|75,865|

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS LTD.

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2025

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||||| |---|---|---|---| |1.|RECONCILIATION OF NET INCOME(EXPENDITURE) TO NET CASH FLOW FROM| |OPERATING|ACTIVITIES|30/6/25|30/6/24| |£|£| |Net income/(expenditure)|for the reporting period|(as per the| |Statement of|Financial Activities)|46,605|(24,276)| |Adjustments|for:| |Depreciation charges|20,761|15,999| |Interest received|(6)|(28)| |Provision for lease|-|(38,000)| |(Increase)/decrease|in debtors|(34,139)|26,799| |Increase|in creditors|7,673|12,078| |Net cash provided by/(used in) operations|40,894|(7,428)|

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2. ANALYSIS OF CHANGES IN NET FUNDS

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|||||| |---|---|---|---|---| |At|1/7/24|Cash flow|At 30/6/25| |£|£|£| |Net cash| |Cash at|bank and in hand|75,865|30,108|105,973| |75,865|30,108|105,973| |Total|75,865|30,108|105,973|

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The notes form part of these financial statements

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS

LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

  1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of freland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

PREPARATION OF THE FINANCIAL STATEMENTS ON A GOING CONCERN BASIS Since the year end, the company has received contirmation that it has not been successful in retaining the South Ayrshire Council Support Contract for people aged 26 and over. This was previously the company's largest source of income. However, after reviewing the company's forecasts and projection's for at least 12 months after the date of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They are satisfied that it is appropriate to prepare the accounts on the going concern basis of accounting.The Trustees are satisfied that adequate resources will be available through future cash flows to meet liabilities as they fall due.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 differ trom 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants is recognised when the charity has entitlement to the funds, any performance 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 not deferred.

EXPENDITURE

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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with ihe use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, Tenants improvements to property - at varying rates on cost Plant and machinery - 33% on cost Fixtures and fittings - 33% on cost Motor vehicles - 33% on cost Computer equipment ~ 33% on cost

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SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS

LTD.

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2025

I LACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS

Items which are deemed as capital will be capitalised.

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account.

TAXATION The company is recognised by the Inland Revenue as a charity and is accordingly exempt from taxation on income which is applied for charitable purposes. Expenditure is inclusive of any VAT which cannot be recovered.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

FINANCIAL INSTRUMENTS

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

PROVISIONS

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

  1. DONATIONS AND LEGACIES

30/6/25 30/6/24 £ £ 13,123 20,296

Donations

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SOUTH AYRSHIRE ESCAPE FROM ITOMELESSNESS LTD. NOTESFOR THE TO YEAR THE FINANCIAL ENDED 30 JUNE STATEMENTS 2025 - continued

3. OTHERTRADINGACTIVITIES OTHERTRADINGACTIVITIES
30/6/25 30/6/24
Fundraising
events
Shopincome
Socialenterpriseincome		 £
11,575
117,481
210		 £
9,548
85,053
43
129,266 94,644
4, INVESTMENTINCOME
30/6/25 30/6/24
Depositaccountinterest £
6		 £
28
§. INCOMEFROMCHARITABLEACTIVITIES
Credit
Union income
Grants		 Activity
Otherincome
Grants		 30/6/25
£
i
793,655		 30/6/24
£
465
707,940
793,766 708,405
Grants received,includedintheabove, are as follows:
30/6/25 30/6/24
BigLotteryFundGrant
SocialWorkSupport
EastAyrshireCouncil
OtherGrants
ScottishGovernment
SouthAyrshireCouncil
South Ayrshire CouncilEvolveProgram
GlobalCharities		 £
-
64,504
63,256
24,342
144,139
451,388
14,179
31,847		 £
9,040
57,275
63,718
900
102,892
466,215
-
7,900
793,655 707,940

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a

6. RAISINGFUNDS
RAISINGDONATIONSANDLEGACIES 30/6/25 30/6/24
£ £
Fundraisingcosts 6,510 3,297
7. CHARITABLEACTIVITIESCOSTS Direct
Costs (see		 Support
costs (see
note8) note9) Totals
£ £ £
General
2,934 - 2,934
Costsdirectlyallocatedtoactivities
Supportcosts
Othertradingexpenses		 803,930
-
62,368		 6,816
6,998
-		 810,746
6,998
62,368
869,232 13,814 883,046
8. DIRECTCOSTSOFCHARITABLEACTIVITIES 30/6/25 30/6/24
£ £
Staffcosts
Otheroperatingleases
Ratesandinsurance
Heat ,lightandcleaning
Telephone
Postage, stationery&printing
Sundries
Travellingexpenses
Repairsandrenewals
Training
Welfarepayments
Baddebts
Befriendingexpenses
Volunteerexpenses
Othercharitableexpenditure
Motorexpenses
Fees&licenses
Depreciation		 641,149
24,880
9,608
21,743
11,565
2,573
12,788
27,917
2,373
2,652
813
160
11,790
210
64,687
6,842
6,721
20,761		 613,960
42,012
2,489
15,344
12,878
2,430
11,817
29,231
1,935
1,470
613
2,001
12,817
278
50,589
7,620
7,034
15,999
869,232 830,517

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NOTESFOR THE TO YEAR THE FINANCIAL ENDED 30 JUNE STATEMENTS 2025 - continued

9 SUPPORT COSTS

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||||| |---|---|---|---| |Governance| |costs| |Costs|£| |directly allocated to activities|6,816| |Support costs|6,998| |13,814| |NET INCOME(EXPENDITURE) INCOME(EXPENDITURE)| |Net income/({expenditure)|is stated after charging/(crediting):| |30/6/25|30/6/24| |Auditors’|£|£| |remuneration|6,998|7,322| |Depreciation|- owned assets|20,761|16,000| |Other operating leases|24,880|42,012|

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10... NET INCOME(EXPENDITURE) INCOME(EXPENDITURE)

  1. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

TRUSTEES' EXPENSES

There were no trustces’ expenses paid for the year ended 30 June 2025 nor for the ycar ended 30 June 2024.

  1. STAFF COSTS

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||||| |---|---|---|---| |30/6/25|30/6/24| |Wages|£|£| |Social|and salaries|587,490|$63,326| |Other|security costs|40,746|38,363| |pension costs|12,913|12,271| |641,149|613,960| |The average monthly number of|employees during the year was as follows:| |Support|30/6/25|30/6/24| |Administration|25|25| |and governance|3|5| |30|30|

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No employces received emoluments in excess of £60,000.

The company considers its key management personnel comprise the trustees and the chief executive. The remuneration paid to key management personnel is £47,467 (2024: £47,467).

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||||| |---|---|---|---| |8S|::3:0(0—070—']| |13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIV.TITIES| |Unrestricted|Restricted|Total| |fund|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|20,296|-|20,296| |Charitable|activities| |Other income|A465|-|465| |Grants|605,048|102,892|707,940| |Other trading activities|94,644|-|94,644| |Investment income|28|-|28| |Total|720,481|102,892|823,373| |EXPENDITURE ON| |Raising funds|3,297|-|3,297| |Charitable|activities| |Costs directly allocated to activities|736,393|54,974|791,367| |Support costs|7,322|-|7,322| |Other trading expenses|45,663|“|45,663| |Total|792,675|54,974|847,649| |NET INCOMEKEXPENDITURE)|(72,194)|47,918|(24,276)| |RECONCILIATION OF FUNDS| |Total funds brought forward|180,194|31,146|211,340| |TOTAL FUNDS CARRIED FORWARD|108,000|79,064|187,064|

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14. TANGIBLEFLXED ASSETS
Tenants
improvements Fixtures
to Plantand and
COST property
£		 machinery
£		 fittings
£
At 1 July2024
Additions		 1,699
8,802		 5,500
-		 3,959
1,990
At30June2025 10,501 5,500 5,949
DEPRECIATION
At 1 July2024
Chargeforyear		 1,699
5,868		 3,667
1,833		 3,858
764
At30June2025 7,567 5,500 4,622
NETBOOKVALUE
At30June2025 2,934 - 1,327
At30 June2024 - 1,833 101
COST Motor
vehicles
£		 Computer
equipment
£		 Totals
£
At 1 July2024
Additions		 34,219
-		 10,082
-		 55,459
10,792
At30June2025 34,219 10,082 66,251
DEPRECIATION
At 1 July2024
Chargeforyear		 21,979
11,406		 8,886
890		 40,089
20,761
At30June2025 33,385 9,776 60,850
NETBOOKVALUE
At30June2025 834 306 5,401
At30June2024 12,240 1,196 15,370

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|||||| |---|---|---|---|---| |ee|EE|0€0—0—0|EE| |15.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|30/6/25|30/6/24| |£|£| |Trade debtors|123,337|134,715| |VAT|4,708|~| |Prepayments and accrued income|65,835|25,026| |193,880|159,741| |16.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|YEAR|30/6/25|30/6/24| |£|£| |Trade creditors|3,103|4,022| |Social security and other taxes|6,459|9,412| |Other creditors|2,323|3,392| |Accruals and deferred income|59,700|47,086| |71,585|63,912|

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  1. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

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|||||| |---|---|---|---|---| |30/6/25|30/6/24| |£|£| |Within one year|5,733|11,440| |Between one and five years|-|3,333| |5,733|14,773| |18.|MOVEMENT IN FUNDS|Net| |movement|At| |At|1/7/24|in funds|30/6/25| |£|£|£| |Unrestricted funds| |General fund|108,000|125,669|233,669| |Restricted|funds| |Other Restricted|Fund|10,001|(10,001)|-| |T'm In Project|58,490|(58,490)|-| |EB|Scotland Pass It On|10,573|(10,573)|-| |79,064|(79,064)|-| |TOTAL FUNDS|187,064|46,605|233,669|

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18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |Unrestricted|funds|£|£|£| |General fund|756,375|(630,706|)|125,669| |Restricted|funds| |Other Restricted Fund|3,800|(13,801)|(10,001)| |I'mEB InScotland Project Pass|It On|144,139|(202,629)|(58,490)| |Global!|-|(10,573)|(10,573)| |Charities|31,847|(31,847)|-| |179,786|(258,850)|(79,064)| |TOTAL FUNDS|936,161|(889,556|)|46,605| |Comparatives|for movement in funds| |Net| |movement|At| |At|1/7/23|in funds|30/6/24| |Unrestricted|funds|£|£|£| |General fund|180,194|(72,194)|108,000| |Restricted|funds| |Other Restricted Fund|10,000|]|10,001| |I'm In Project|-|58,490|58,490| |EB Scotland Pass It On|21,146|(10,573|)|10,573| |31,146|47,918|79,064| |TOTAL FUNDS|211,340|(24,276)|187,064|

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sss

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

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||||| |---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General fund|720,481|(792,675)|(72,194)| |Restricted|funds| |Other Restricted Fund.|1|-|1| |T'm In Project|102,891|(44,401)|58,490| |EB Scotland Pass It On|-|(10,573)|(10,573)| |102,892|(54,974)|47,918| |TOTAL FUNDS|823,373|(847,649)|(24,276)|

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A current year 12 months and prior year 12 months combined position is as follows:

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|||||| |---|---|---|---|---| |Net| |movement|At| |At|1/7/23|in funds|30/6/25| |£|£|£| |Unrestricted funds| |General fund|180,194|53,475|233,669| |Restricted|funds| |Other Restricted Fund|10,000|(10,000)|-| |EB|Scotland Pass It On|21,146|(21,146)|-| |31,146|(31,146)|-| |TOTAL FUNDS|211,340|22,329|233,669|

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19, CONTINGENT LIABILITIES

18. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |Unrestricted|funds|£|£|£| |General fund|1,476,856|(1,423,381|)|53,475| |Restricted|funds| |Other Restricted Fund|3,801|(13,801)|(10,000)| |I'm In Project|247,030|(247,030)|-| |EB|Scotland Pass|It On| |Global|-|(21,146)|(21,146)| |Charities|31,847|(31,847)|-| |282,678|(313,824)|(31,146)| |TOTAL FUNDS|1,759,534|(1,737,205|)|22,329| |Purposes of restricted funds|

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The Scottish Government has provided funds for the "I'm In Project".

EB Scotland Pass It On provided funds for the purchase ofa van to be used in the social enterprise project.

The company provides rent guarantees, some of which may be called upon, It is calculated that the total value of guarantees at 30 June 2025 amount to approximately £573 (2024: £573).

  1. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2025.

  1. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Eee

  1. POST BALANCE SHEET EVENTS

Following the year end, SeAscape received confirmation that it had not been successful in retaining the South Ayrshire Council Housing Support Contract for people aged 26 and over - previously the organisation's largest income source and cornerstone of service delivery.

This represents a significant operational and financial shock, and mitigation has become the organisation's immediate strategic priority.

Shrink and Build Back Strategy

In response, trustees have adopted a Shrink and Build Back Strategy, focusing on: ~ An orderly, values led downscaling ofactivity dependent on the lost contract. - Protection ofcore expertise, team capacity, and organisational infrastructure. - Strategic positioning for future commissioning opportunities across Ayrshire and beyond. - Consolidation and strengthening of our Social Enterprise to diversify income. ~ A renewed focus on grants, fundraising and smaller scale commissioned work. ~ Rebuilding financial resilience through disciplined cost control and reserve protection.

neededDespitetothis rebuildchallenge, and thrive.trustees remain confident that SeAscape retains the skills, reputation, and adaptability

  1. ULTIMATE CONTROLLING PARTY

In the opinion ofthe trustees, there is no ultimate controlling party.

TT

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