Perth Six Circle Project Scottish Charity No: SC029880 Annual Report & Financial Statements For the Year Ended 31 March 2025 Perth Six Circle Project Scottish Charity No: SC029880 Annual Report & Statement of Account Year ended 31 March 2025 Contents Page Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Accounts 11-16 Perth Six Circle Project Scottish Charity No: SC029880 Trustees Annual Report Year ended 31 March 2025 The trustees present their report together with the financial statements and the independent examiner's report for the year ended 31 March 2025. Reference & Administrative Information Charity Name: Perth Six Circle Project Charity Number: SC029880 Principal Address: Aultbea House 3 Edinburgh Road Perth PH2 8AT Trustees: Others who served during the period: Independent Examiner: Principal Bankers: The Royal Bank of Scotland plc Dunkeld Road Perth Perth Six Circle Project Scottish Charity No: SC029880 Trustees Annual Report Year ended 31 March 2025 Structure Governance & Mana ement Perth Six Circle Project was established in 1997 and converted to a Scottish Charitable Incorporated Organisation (SCIO) on the 29 November 2012. The organisation is govemed by its constitution and managed by a Management Board comprising: Up to 12 members elected at the Annual General Meeting A service user is elected by current members to represent them The day-to-day management and operation of the Project is the responsibility of the Chief Executive. She is assisted in this role by an Operations Manager and a part-time Support & Development Worker. Ob"ectives & Activities The objective of Perth Six Circle (PSC) is to support disadvantaged adults who fa￿ multiple barrier improve the quality of their lives through: gaining skills and knowledge" accessing a range of externa sepdices; living healthier, more independent lives and ultimately reintegrating into their loca community. These individuals will be offered the opportunity to learn and develop social and persona skills with a view to building self-esteem, confidence and resilience and facilitate positive change. Ir achieving this objective PSC provided ser￿iceS to socially isolated and lonely adults including, but no1 limited to, those with mental ill health, addiction, prison experien￿, autism, isolation, loneliness a well as learning difficulties and disabilities, encouraging them to overcome the social challenginc circumstances they face and enhance their ability to make positive and meaningful socia connections. PSC embodies the ethos that 'ln meeting the needs of others we meet the needs ir ourselves,. Service user strategic meetings continued to form the basis of activity planning throughout the yeai and as with previous years these highlighted the desire to be 'out and about,, locally and furthei afield. Therefore, when opportunities sourced transpired, excellent social activities were offered tc meet requests and needs. Core Services Core services provided a wide range of learning, social activities and events. These provided amplf opportunity for involvement and connection with others ser*/ice users, people from external services - through joint working, members of the local and wider community. During activities and event service users had sizable opportunities to try new things, visit new places, and meet new people which they would not have otherwise done. Support and encouragement were provided to enhancÉ participation when required. To take full advantage of the learning, these were facilitated to hel[ service users consider how to apply their individual learning to their own lives in a positive an( constructive way. Perth Six Circle Project Scottish Charity No: SC029880 Trustees Annual Report Year ended 31 March 2025 They also helped: improve lives; make a positive difference to mental health and wellbeing; reduced social lonely & isolated. and improve feeling of community connection. In addition, the support and encouragement provided helped improve skills, motivation & participation along with confidence, self- esteem. The outcome of this has brought about a better level of positivity, resilien￿ and empowerment. Activities were carried out In-house, however as service users like getting 'Out and About, and as our aim is to improve connections most activities were delivered within the local and wider community. In-house - included: PSC gardening tidy-up, movies, Halloween party, games, BBQ & Quiz, baking, cooking, Breakfast & Lunch Clubs, Cycling & Walking Clubs. Out and about- throughout this year service users were provided with ample opportunity to get out and about as this is their favourite activity. Many places were visited including Japanese Gardens, Kirkcaldy Links Fare, Killin Highland Games, St. Andrews, Dundee. In addition, they took a ceramic painting class, went bowling, putting and a wonder around Aberfeldy and a costal trip around Fife to name a few. Our 'Annual Learning & Development Event'_ once again the L&D event was asked for by servi users. It was aimed at providing positive intergenerational connections & interactions and provided seprfice users opportunities to build on their confidence, resilience, knowledge, and practical skills. As a direct result of participation in L&D and other events and activities service users tell us they gained a sense of belonging," feelings of empowerment; and a sense of self-worth Crisis and Distress Intervention Project (CaDI) Our CaDI Project has become a vital element of our services and was developed to dovetail our core seniices and through applying a more preventative approach was aimed at preventing distress and crisis and reducing the impact of crises & distress situations including suicide prevention and inteNention. Through CaDi seprfices PSC current and former service users were offered practical, emotional, and psychological 'Out of Hours, support every day of the year and this year our positive approach to prevention reduced the levels of crisis and distress across the service user spectrum. In addition, staff delivered a range of person 'Wellbeing Calls'_ helped assess service user's mental health & wellbeing and put service users mind at rest > 'Home Visits'_ face to face contact to explore issues or concerns > 'Walk & Talk'_ contact to explore concerns... > 'Practical Support'_ support with shopping - accompanying to the supermarket, Contacting external agencies - GP'S, CPN, Psychiatrist, social work, addiction workers... > 'Advice. Information & Guidance'_ one to one person centred Perth Six Circle Project Scottish Charity No: SC029880 Trustees Annual Report Year ended 31 March 2025 > 'Medical Intervention, . su pport with appointments, relaxation techniques & instructions, video calls to observe medication consumption. 'Talking Therapy'_ supported with moving forward 'Sleep Therapy'_ enabled sleep during or post extremely distressing periods > 'Workshops'_ awareness raising, trialling techniques... > 'Drop-in'_ during office hours Those individuals who have sought I received CaDI support infonned staff that the right CaDI suppor at the right time, in the right way, and the right place really did and does help them through some ( the most challenging times in their lives. There are those who state the support actually saved the lives. PSC CaDI support continues to be Wellbeing Medication without Prescription! Achievements & Perfonnance PSC staff team are well experienced in designing and developing exciting and varied activities an events and have created some excellent opportunity, providing supported and encouraged to servic users which improved engagement, participation and relationships. Throughout the last year utilising the benefits of delivering both core and CaDI services resulted i the achievement of planned outcomes. Risk Mana ement The Management Board have developed an organisational Risk Assessment which focuses on the strategic, operational and financial risks which the charity faces. The Chief Executive reviewed thes, on a regular basis throughout the year and gave reports to the Management Board regarding any necessary steps which required to be taken to minimize these risks. The Management Board are working to update all Risk Assessments and relevant Policies and Procedures to ensure they meet current regulations. Financial Review Income for the period was £92,013 primarily grants and donations. With expenditure of £154,680 th charity had a deficit of £62,667 which was funded from reserves brought forward from the previous year. At the 31 March 2025 the charity had total funds of £150,616 of which £16,629 are restricted funds and £133,987 are unrestricted. Perth Six Circle Project Scottish Charity No: SC029880 Trustees Annual Report Year ended 31 March 2025 Reserves Polic A reserves policy has been established by the Management Board which aims to maintain the free reserves of the charity at a level which, in the event of a significant drop in funding. would provide sufficient funds to continue existing activities for a period of twelve months. This would allow a period to consider the way forward for the Project; how the funding could be replaced or activities changed to maintain the service provided to service users. The Management Committee consider the level of reserves required to cover twelve rnonths running costs is around £150,000. With free reserves (unrestricted funds less the value of unrestricted tangible assets) held at 31 March 2025 of £122,924 Perth Six Circle havelhave not met their target. Future Plans PSC plans to reevaluateservices due to both the reduction in staff members (due to several unsuccessful attempts to recruit personnel with the required skill set} along with the needs of current service users. The management board have stressed that any changes to services should be done whilst achieving minimal impact on the existing service users. They stressed that all changes should be for the benefit of both current and future Sep￿ice users Service users currently attending PSC are much less active. able bodied and elderly than in previous years and although they require samelsimilar outcomes, in terms of support for their mental health and wellbeing and combating loneliness, isolation and managing I recovering from trauma which is both current and historical including Adverse Childhood Experiences (ACE) the delivery of services requires a different approach. PSC plans to continue delivering Crisis and Distress Interventions (CaDI) along with core services, particularly taking a more preventative approach as this has proven to be very successful in terms of the reduction of crisis. Perth Six Circle Project Scottish Charity No: SC029880 Independent Examiner's Report Year ended 31 March 2025 I report on the financial statements of Perth Six Circle Project for the year ended 31 March 2025 which are set out on pages 9 to 16. Responsibilities and basis of report The charity's trustees are responsible for the preparation of the accounts in accordan￿ wilh the requirements of the Charities and Trustee Investment (Scotland) Act 2005 ('Ihe 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 ("the 2006 Regulations"). I have satisfied myself that the charity is not subject to audit under Regulation (10)(1)(a)-{c) of the 2006 Regulations and is eligible for independent examination. I have therefore examined your charity's accounts as required under section (44)(1){c) of the 2005 Act and Regulation 11 of the 200 Regulations. In carrying out my examination I have followed the guidance issued to independent examiners by the Office of the Scottish Charity Regulator (OSCR). My role is to state whether any material matters have come to my attention giving me cause to believe: that accounting records were not kept as required by section 44{1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations. or that the accounts do not accord with those records., or that the accounts do not comply with the accounting requirements of Regulation 8 of the 2001 Regulations; or that there is further information needed for a proper understanding of the accounts. Independent examiner's statement I have completed my examination and I have no concerns in respect of any of the areas listed abovÉ and I have found no other matters that require drawing to your attention. Perth Six Circle Project Scottish Charity No: SC029880 Statement of Financial Activities Year ended 31 March 2025 Note Unrestricted Funds Restricted Funds 2025 Total 2024 Total Income from: Donations & Legacies Bank interest 71,453 2,795 600 17,165 88,618 2,795 600 166,945 1,521 830 Other income Total income 74,848 17.165 92,013 169.296 Expenditure on: Staff costs Activities, Travel & outings Administration 106,695 6,558 17.259 130,512 19,937 1,624 2,607 24,168 126,632 8,182 19,866 154,680 160,294 24,229 24,205 208.728 Total expenditure Net incomel(expenditure) & net movement in funds (55,664) (7.003) (62.667) (39,432) Reconciliatron of Funds Funds brought forward Net movement in funds 189.651 (55,664) 133,987 23,632 (7,003) 16,629 213,283 (62,667) 150,616 252,715 (39,432) 213,283 Funds carried forward The statement of financial activities includes all gains and losses recognised in the period. All incoming resources and resources expended derive from continuing activities. The notes on pages 11 to 16 form an integral part of these accounts. Perth Six Circle Project Scottish Charity No: SC029880 Balance Sheet At 31 March 2025 Unrestricted Funds Restricted Funds 2025 Total 2024 Total Note Fixed Assets Tangible assets 11,063 6.629 17,692 21.860 Current Assets Debtors 22,000 102,419 124,419 22,000 112,419 134,419 44,000 149,477 193,477 Cash at bank & in hand 10.000 10,000 Total current assets Current Liabilities Creditors Accrual of examination fee Total currenl liabilities 10 961 961 1,520 534 534 534 1,495 1,495 2,054 Net current assets 122.924 10,000 132,924 191,423 Net assets 133,987 16.629 150,616 213,283 Funds of the Charity Unrestricted funds 133,987 133,987 16,629 150,616 189,651 23.632 213,283 Reslricted funds 16.629 16,629 Total Funds 133,987 The notes on pages 1110 16 fonn an integral part of these accounts. 10 Perth Six Circle Project Scottish Charity No: SC029880 Notes to the Financial Statements Year ended 31 March 2025 1 Basis of Preparation 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost in accordance with: (a) The Charities & Trustee Investment Act (Scotland) Act 2005, and (b) The Charities Accounts (Scotland) Regulations 2006 as amended (c) Financial Reporting Standard FRS 102 (Effective January 2015), (d) Charities SORP (FRS 102) (2nd edition effective January 2019) No changes have been made to the basis of preparation or to the previous year's accounts. 1.2. In preparing the accounts, the trustees were not required to make any judgements that would have a material effect on the numbers reported. 1.3 The charity meets the definition of a public benefit entity as defined by FRS102. 1.4 The charity is dependent on the continuing support of donors. However, the trustees have no reason to consider that this will not continue or that there are any material uncertainties about the charity's ability to continue as a going concern. 2 Accounting Polices 2.1 Form of Financial Statements The charity maintains a general or unrestricted fund that can be expended at the discretion of the trustees on furthering the objects of the charity. The charity also holds restricted funds that may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes, see note 4. 2.2 Income (a) Income is recognised and included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources; their receipt is probable" and the monetary value can be measured with sufficient reliability. (b) Where income has related expenditure the income and related expenditure are reported gross in the SOFA. (c) Income which is subject to conditions that the charity has yet to fulfil, or which is specifically for use in a future accounting period, is treated as deferred income. 2.3 Expenditure & Liabilities (a) Expenditure is accounted for on an accruals basis. (b) Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources; it is probable they will be paid and the monetary value can be measured with sufficient reliability. Perth Six Circle Project Scottish Charity No: SC029880 Notes to the Financial Statements Year ended 31 March 2025 2.4 Assets Tangible assets are capitalised if they have a value of £1,000 or greater and depreciated over their economic life as follows: Equipment fixtures and fittings - 25 % reducing balance Vehicles and trailer - 25 % reducing balance Garden improvements - 10 % reducing balance 2.5 Debtors (a) Debtors are recognised at the settlement amount due (b) Prepayments are valued at the amount prepaid 2.6 Cash Cash at bank and in hand includes cash and bank deposits repayable on demand 2.7 Creditors (a) Creditors are recognised where the charity has an obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due can be measured or estimated reliably. Creditors are normally recognised at their settlement amount, usually the invoice amount. (b) Accrued charges are nonnally valued at their settlement amount. 2.8 Taxation The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or expense to which it relates. 2.9. 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 subsequentl) measured at their settlement value. 3 Trustee Remuneration & Expenses £275 for accountancy services is due to Taybank Taxation and Accountancy, a firm controlled by the Treasurer, lan Riley (2024: £275). There is no prohibition in the constitution of payments to trustees or connected persons. No expenses were paid to any trustees during the year (2024: Nil). 12 Perth Six Circle Project Scottish Charity No: SC029880 Notes to the Financial Statements Year ended 31 March 2025 4. Movement In Restricted Funds During the year the charity maintained the following restricted funds: Opening balance Closing balance Restricted to: Income Expenditure Transfers To support and reintegrate into their local communities 25 disadvantaged adults - BIG Lottery BIG Lottery capital fund Crises and Distress Intervention Project - PKC CaDI Total 4,711 4,711 8,921 2,292 6,629 10,000 17,165 17,165 10,000 23,632 17,165 24,168 16,629 2025 Total 2024 Total 5. Donations Value of rent-free accommodation 12.000 12.000 100 General donations Big Lottery Fund - Revenue Perth & Kinross Council 67.094 65,751 39.705 14,913 22,000 88,618 Bank of Scotland Gannochy Trust Total 22,000 166,945 2025 Total 2024 Total 6. Staff Costs Salaries 113,971 6,962 5,699 138,282 7,826 6,921 7,265 160,294 Employers Nl Employers pension Redundancy payments Total 126,632 No employee received remuneration of more than £60,000 (2021: None). The number of employees during the year was 3 (2024: 5). The charity operates a defined Gontribution pension scheme. The contributions made by the charity for the period were £5,699 {2024: £6,921). 13 Perth Six Circle Project Scottish Charity No: SC029880 Notes to the Financial Statements Year ended 31 March 2025 2025 Total 2024 Total 7. Administration Rent & Utilities Misc. stationery & consumables Insurance" professional services & accountant Independent examination Staff training Depreciation Total 13,113 307 13,466 978 1,745 534 3,294 534 661 4.167 19,866 5,272 24,205 Equipment, fixtures & fittings Vehicles & trailer Garden Improvements 8. Tangible Assets Tc Cost Cost at 1 April 2024 Cost at 31 March 2025 16,526 16,526 66,541 66,541 13,149 13,149 96,: 96,: Depreciation At 1 April 2024 Charge for the year At 31 March 2025 12.206 1,080 13,286 58,065 2,182 60,247 4,085 906 74,.. 4,991 78,. Net Book Value At 1 April 2024 At 31 March 2025 4,320 3,240 8,476 6,294 9,064 8,158 21, 17, 2025 Total 2024 Total 9. Debtors The Robertson Trust 22,000 22,000 44,000 Total 14 Perth Six Circle Project Scottish Charity No: SC029880 Notes to the Financial Statements Year ended 31 March 2024 2025 Total 2024 Total 10. Creditors Taybank Taxation Nest 275 686 275 1,245 1,520 Total 961 11. Previous year information In order to comply with FRS 102 to show corresponding amounts for the previous year for every figure in the financial statements and notes (not just the prior year totals), corresponding figures not provided elsewhere in these accounts are set out below.. 11.1 Statement of Financial Activities for the year ended 31 March 2024 Unrestricted Funds Restricted Funds Income from: Donations & Legacies Charitable activities Bank interest other income Total income 55,878 111,067 1,521 830 58,229 111,067 Expenditure on: staff costs Activities, Travel & outings Administration Total expenditure 67,889 13,543 16,705 98,137 92,405 10,686 7.500 110,591 Net incomel(expenditure) & Movement in funds (39,908) 476 Reconciliation of Funds Funds brought forward Net movement in funds Funds carried forward 229,559 39.908 189,651 23,156 476 23,632 15 Perth Six Circle Project Scottish Charity No: SC029880 Notes to the Financial Statements Year ended 31 March 2024 Unrestricted Funds 11.2 Balance Sheet at 31 March 2024 Fixed Assets Tangible assets Restricted Funds 12,939 8,921 Current Assets Debtors Cash at bank & in hand Total current assets 44,000 134,766 178,766 14,711 14.711 Current Liabilities Creditors Deferred income Accrual of examination fee Total current liabilities 1,520 534 2,054 Net current assets 176,712 14.711 Net assets 189,651 23,632 Funds of the Charity Unrestricted funds Restricted funds Total Funds 189,651 23.632 23,632 189,651 11.3 Restricted funds for 2023124 Opening balance Restricted to". Income Closing balance enditure Transfers To support and reintegrate into their local communities 25 disadvantaged adults - BIG Lottery BIG Lottery capital fund Crises and Distress Intervention Project- PKC CaDI Intergenerational project- PKC Total 6,261 11,895 67,094 68,644 2,974 4,711 8,921 43.973 33,973 5,000 110,591 10,000 5,000 23,156 111,067 23,632 16