Scottish Company Registration No. SC280397 Scottish Charity No. SC030516
Scottish Love in Action (A company limited by guarantee)
Trustees’ Report and Financial Statements
Year ended 31 March 2026
Scottish Love in Action
Contents of the Financial Statements for the year ended 31 March 2026
| Page | |
|---|---|
| Report of the Trustees | 1 - 5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 15 |
Scottish Love in Action
Report of the Trustees for the year ended 31 March 2026
The Trustees (who are also Directors for the purpose of Company law) are pleased to present their report together with the financial statements of the company for the year to 31 March 2026.
Reference and administrative details
Principal and registered office Bankers Greyfriars Charteris Centre Bank of Scotland 140 The Pleasance Morningside Road Edinburgh Edinburgh EH8 9RR EH16 6NL
Status of Company and Governing Document
Scottish Love in Action (SLA) is a private company limited by guarantee (Number SC280397) and is a registered Scottish Charity (Number SC030516), constituted under a Memorandum of Association dated 23 January 2005 and revised 26 July 2012.
Trustees and Office Bearers
Malcolm Reid Chair Janet Edwards Vice Chair Dr Gita Anand (appointed 1 September 2025) Philip Barnes Dr Mridula Chakraborty MD Rahman (appointed 28 July 2025) Kimberley Ward (appointed 7 April 2026) Sarah Swaroop (resigned 27 February 2026) Dr James O’Malley (resigned 8 June 2025)
Chief Executive and Company Secretary
Jamie McIntosh
Governance
The Board of Trustees meets four times per year, makes strategic decisions regarding the Charity and delegates day-to-day operations to the Chief Executive. These individuals are considered to be the key management personnel of the Charity.
The Board has three committees on Finance, People and Programmes.
The Finance committee ensures rigour surrounding the charity’s finances, including risk management and investments. In practice, this includes oversight of the year-end accounting and independent examination processes. The committee meets at least four times per year – between Board meetings. Current members are:
Malcolm Reid Chair Philip Barnes MD Rahman (appointed 28 July 2025) Jamie McIntosh
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Scottish Love in Action
Report of the Trustees for the year ended 31 March 2026
Governance (continued)
The Programmes committee ensures rigour surrounding the Charity’s overseas programmes. In practice, this covers programme management and due diligence. The committee meets at least four times per year – between Board meetings. Current members are:
Gita Anand Chair (appointed 1 September 2025, Chair from 10 May 2026) Sarah Swaroop Chair (appointed 8 June 2025, resigned 27 February 2026) James O’Malley Chair (resigned 8 June 2025) Mridula Chakraborty Jamie McIntosh
The People committee ensures rigour surrounding people management and development. In practice, this covers staff, volunteers and trustees. The committee meets at least four times per year – between Board meetings. Current members are:
Janet Edwards Chair Philip Barnes Mridula Chakraborty Jamie McIntosh
New Trustees are appointed by the existing Trustees and serve for a term of three years after which they may put themselves forward for one further term of three years. The trust deed provides for a maximum of 12 Trustees.
Objectives and aims
SLA harnesses the compassion and generosity of people in Scotland, to support the poorest and most vulnerable children and young people in India. We are a local charity with a global impact.
We believe every child deserves to thrive. We work with local partners in India to create life-long change for children, their families and their communities.
In Scotland, we fundraise to enable this amazing work to happen. We fundraise from four sources – community (including events), corporates, individual giving (including legacies), and trusts.
Our people
Our organisation benefits from the services and skills of many people:
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Board of Trustees (see page 1)
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Staff
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Volunteers
Our small staff team led by the Chief Executive manages the day-to-day operations of the Charity.
Volunteers contribute to the success of SLA, for example fundraising, serving as Trustees, contributing professional skills.
SLA does not attribute a value in monetary terms to this support in the Statement of Financial Activities.
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Scottish Love in Action
Report of the Trustees for the year ended 31 March 2026
Activities and achievements
Provide. Protect. Prepare.
Our mission revolves around the pillars of Provide, Protect and Prepare. We create a ripple effect that breaks the chains of poverty, giving children and young people the foundations for a future filled with promise and opportunity.
Provide
We help children thrive. Our community-focused programmes prioritise family support, address basic needs and facilitate access to education. By equipping children and young people with the skills and tools they need, we break the generational cycle of poverty, fostering environments where children can thrive within their own homes.
We work with local partner, VOICE-4. The project we support reduces child marriage, prevents violence, improves the health of teenagers, and enables young people to make informed life choices. In 2025, we signed a project agreement. We will support VOICE-4 to establish a digital learning platform to provide access to life skills, leadership tools, safety resources, and mentorship to prioritised geographic areas.
Protect
We help children thrive. For children who find themselves without a home or family support, we work to ensure they have the best possible levels of care and protection.
We work with local partner, Rainbow Homes. We support a children’s home called ASRITHA to ensure safe and happy childhoods for vulnerable girls living on the streets of Hyderabad. In 2026, we signed a project agreement. We look forward to continuing the work above, and to preparing young people aged fifteen to twenty-three for the transition from the home to independent living.
Prepare
We help children thrive. Our support initiatives equip young people with the tools they need to break free from the cycle of poverty.
We work with local partner, Nightingale, to provide life skills, career guidance and advancement, and readiness for adulthood. Thanks to the generous support of a church, this year we extended the support we give. We look forward to ensuring access to education and mentoring to help young people achieve their goals.
As well as these charitable activities, here are some of our highlights from the last 12 months :
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Celebrated 25 years of giving children in India the opportunity to thrive. A group of volunteers organised a coffee morning, a dinner and a church service.
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The Board of trustees approved a fundraising strategy, establishing a sustainable direction for income generation.
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Formed a fundraising group to support income generation. Volunteers work together to organise fundraising activities in aid of Scottish Love in Action.
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Launched a speaker programme to reach new audiences and support future income generation. After recruiting and training speakers, we enjoyed speaking to audiences around Scotland.
We are extremely grateful for the individuals, faith groups, companies, and funders who support our mission and partner us. We give thanks for the foresight of people who included Scottish Love in Action in their will. These are life transforming gifts.
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Scottish Love in Action
Report of the Trustees for the year ended 31 March 2026
Activities and achievements (continued)
The Pipal Foundation
Close links are maintained between the Boards of The Pipal Foundation (SC049091) and SLA to maintain common objectives.
Plans for 2026/2027
Our plans for the coming year include:
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Continue working with local partners in India: Rainbow Homes, Nightingale Social Welfare Society, and VOICE-4.
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Launching our new website, which focuses on supporter experience and functionality.
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Sharing our refreshed branding, which clearly articulates who we are and what we do. We are excited by how this will help us to better communicate with supporters and to raise funds.
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Growing our reach, by recruiting volunteers with specialist skills, such as graphic design and data analyses.
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Conducting a governance review to identify key areas where there might be room for improvement.
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Holding a strategy day to consider the charity’s direction, align leadership on shared goals, and ensure resources are used to maximise charitable impact.
Financial review
Overview
The financial highlights are:
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Total income from all sources for the year was £266,549 (2025: £274,826).
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Expenditure on direct charitable activity for the year was £221,361 (2025: £308,550).
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SLA is supported by individuals, companies, faith groups and funders. We are extremely grateful to everyone who make this life transforming work possible.
SLA has been fortunate to receive a number of significant legacies from supporters in recent years. As it is not possible to forecast if or when legacies may be received, the Board decided not to budget for the receipt of legacy income when setting funding for project agreements with partners. When a legacy is received, it is considered separately to determine whether additional project agreements should be sought or whether to retain as reserves for use in future funding agreements.
Results for the year
The financial statements for the year are set out on pages 7 to 15.
The Statement of Financial Activities on page 7 reflects net expenditure of £32,773 (2025: net expenditure of £131,017). There was a net decrease after transfers of £52,173 (2025: decrease of £206,872) on unrestricted general funds, a net decrease after transfers of £20,600 (2025: increase of £130,600) on designated funds and a net increase after transfers of £40,000 (2025: decrease of £54,745) on restricted funds. Total funds, including the designated fund, amounted to £338,063 (2025: £370,836).
Reserves policy
The total unrestricted reserves held at 31 March 2026 amounted to £298,063. It is the policy of the Charity to hold 3 months of normal running costs plus the next quarter’s grants due to be paid in reserves at any time. At the year-end, this amounted to £110,000 which is held in the designated wind-up fund. With £188,063 remaining in general funds, the reserves policy was clearly met.
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Scottish Love in Action
Report of the Trustees for the year ended 31 March 2026
Statement on risk
The Trustees, as Directors of the Company, have a duty to identify and review the risks to which the Company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees considered risks to which the Company may be subject and are satisfied that they have introduced procedures to mitigate the possible effects of those risks.
Trustees review the risk register annually, following a review by the Finance committee.
Statement of Trustees’ responsibilities
Charity law requires the Trustees (who are also the Directors) to prepare financial statements for each financial year which give a true and fair view of the state of the Company’s affairs and of its income and expenditure, including its surplus or deficit for that year, and which have been properly prepared from and are in agreement with the accounting records of the Company and comply with relevant disclosure requirements.
In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the Company’s financial position and enable the Trustees to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for taking such steps as are reasonably open to them to safeguard the Company’s assets and to prevent and detect fraud and other irregularities.
The report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.
On behalf of the Trustees
Malcolm Reid
Malcolm Reid
Chair
Date: 22 June 2026
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Scottish Love in Action
Report of the Independent Examiner to the Trustees for the year ended 31 March 2026
I report on the accounts of the charitable company for the year ended 31 March 2026 which are set out on pages 7 to 15.
Respective responsibilities of Trustees and examiner
The Charity’s Trustees (who are also the Directors of the company for the purposes of company law) 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 charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 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 independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations (as amended). An examination includes a review of the accounting records kept by the Company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Directors concerning 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 the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended)
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alison Franks
Alison Franks
Director
Cornerstone Accounting Limited Chartered Accountants
11 Erngath Road Bo’ness EH51 9DP
Date: 17 August 2026
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Scottish Love in Action
Statement of Financial Activities (incorporating Income and Expenditure account)
For the year ended 31 March 2026
| General Designated fund fund Notes £ £ Income and endowments Donations and legacies 2 126,105 - Income from charitable activities 3 55,341 - Other income 4 1,076 - Total income and endowments 182,522 - Expenditure Raising funds 5 77,768 - Charitable activities 6 173,702 - Total expenditure 251,470 - Net income/(expenditure) (68,948) - Transfers between funds 10 16,775 (20,600) Net movement in funds (52,173) (20,600) Total funds brought forward 240,236 130,600 Total funds carried forward 188,063 110,000 Represented by: General fund 10 188,063 - Designated funds 10 - 110,000 Restricted funds 10 - - Total funds 188,063 110,000 |
Restricted funds £ 84,027 - - 84,027 193 47,659 47,852 36,175 3,825 40,000 - 40,000 - - 40,000 40,000 |
2026 Total £ 210,132 55,341 1,076 266,549 77,961 221,361 299,322 (32,773) - (32,773) 370,836 338,063 188,063 110,000 40,000 338,063 |
General fund £ 175,977 53,160 1,737 230,874 97,116 77,417 174,533 56,341 (263,213) (206,872) 447,108 240,236 240,236 - - 240,236 |
Designated fund £ - - - - - - - - 130,600 130,600 - 130,600 - 130,600 - 130,600 |
Restricted funds £ 26,190 17,762 - 43,952 177 231,133 231,310 (187,358) 132,613 (54,745) 54,745 - - - - - |
2025 Total £ 202,167 70,922 1,737 274,826 97,293 308,550 405,843 (131,017) - (131,017) 501,853 370,836 240,236 130,600 - 370,836 |
|---|---|---|---|---|---|---|
The notes on pages 9 to 15 form part of these financial statements.
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(Registered No: SC280397)
Scottish Love in Action
Balance sheet
As at 31 March 2026
| Notes Current assets Debtors 8 Cash at bank and in hand Total current assets Liabilities Creditors: falling due within one year 9 Net current assets Total assets less current liabilities Net assets Funds of the Charity General fund 10 Designated funds 10 Restricted funds 10 Total charity funds |
General fund £ 13,009 202,487 215,496 27,433 188,063 188,063 188,063 188,063 - - 188,063 |
Designated fund £ - 110,000 110,000 - 110,000 110,000 110,000 - 110,000 - 110,000 |
Restricted funds £ - 40,000 40,000 - 40,000 40,000 40,000 - - 40,000 40,000 |
2026 Total £ 13,009 352,487 365,496 27,433 338,063 338,063 338,063 188,063 110,000 40,000 338,063 |
General fund £ 17,731 227,004 244,735 4,499 240,236 240,236 240,236 240,236 - - 240,236 |
Designated fund £ - 130,600 130,600 - 130,600 130,600 130,600 - 130,600 - 130,600 |
Restricted funds £ - - - - - - - - - - - |
2025 Total £ 17,731 357,604 375,335 4,499 370,836 370,836 370,836 240,236 130,600 - 370,836 |
|---|---|---|---|---|---|---|---|---|
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The Directors acknowledge the following:
their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of the accounts; and
that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006.
The financial statements on pages 7 to 15 were approved by the Trustees on 22 June 2026 and signed on their behalf by:
Malcolm Reid
Malcolm Reid, Chair
The notes on pages 9 to 15 form part of these financial statements.
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Scottish Love in Action
Notes to the Financial Statements for the year ended 31 March 2026
1. Accounting policies
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with FRS 102, and in compliance with the Charities SORP 2019 (FRS 102), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are set out below.
SLA meets the definition of a public benefit entity under FRS 102.
Company status
The charity is a private company limited by guarantee and registered in Scotland. The members of the company are Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Basis of financial statements
The financial statements have been prepared on an accruals basis. The Trustees consider that there are no material uncertainties so the accounts have been prepared on a going concern basis.
Income and debtors
All income is included on the Statement of Financial Activities when the Company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Debtors are valued at cost at the year-end and adjusted for any amounts considered to be irrecoverable.
Expenditure and creditors
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 the use of resources. Support costs are those costs incurred directly in support of expenditure on the objects of the company.
Creditors are valued at cost at the year-end and split between amounts due in less than one year and amounts due in more than one year.
Taxation
The Company is exempt from Corporation Tax on its charitable activities.
Tangible fixed assets and depreciation
Tangible fixed assets over £500 are capitalised and are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives. There were no capitalised assets at the year-end.
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Scottish Love in Action
Notes to the Financial Statements for the year ended 31 March 2026
1. Accounting policies (continued)
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit account.
Fund accounting
For the purpose of the Statement of Financial Activities, funds are defined as follows:
Unrestricted funds comprise income received for the objects of the company without further specified purpose and are available as general funds or are placed within designated funds which can be used for purposes in agreement with its charitable objectives.
Restricted funds comprise income which has been received for the objects of the company and specified for a restricted purpose within these objects by the donor.
Operating leases
Rentals under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling on the transaction date.
Pensions
The company operates a defined contribution pension scheme with NEST. The pension charge represents the amount payable by the company into the scheme in the year.
Donated goods, facilities and services
We were grateful to receive free and pro bono support:
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88 individuals volunteered in various ways, including:
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helped with administration and office-based tasks;
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served as a speaker, raising awareness of our cause;
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supported and organised fundraising activities and events;
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served as a trustee.
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Companies donated products and days out as raffle prizes or offered services at a reduced rate.
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Complimentary services were received from a website design agency.
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Licenses received pro bono by platform charity partnership schemes.
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Scottish Love in Action
Notes to the financial statements
For the year ended 31 March 2026
2. Donations and legacies
| Giving - individuals Giving - trusts Giving - community Giving - corporate In Memoriam donations Royalties donations Gift aid receivable Grants Legacies |
General fund £ 79,773 14,400 5,479 - - 654 18,662 - 7,137 126,105 |
Restricted funds £ 14,557 1,500 60,000 3,476 - - 4,494 - - 84,027 |
2026 Total £ 94,330 15,900 65,479 3,476 - 654 23,156 - 7,137 210,132 |
General fund £ 53,445 15,000 4,524 - 1,315 610 16,998 5,435 78,650 175,977 |
Restricted funds £ 18,337 1,500 - - - - 6,353 - - 26,190 |
2025 Total £ 71,782 16,500 4,524 - 1,315 610 23,351 5,435 78,650 202,167 |
|---|---|---|---|---|---|---|
3. Income from charitable activities
| Fundraising income - events Fundraising income - sponsorship Fundraising income - the Big Give Fundraising income - partnerships |
General fund £ 45,341 10,000 - - 55,341 |
Restricted funds £ - - - - - |
2026 Total £ 45,341 10,000 - - 55,341 |
General fund £ 53,160 - - - 53,160 |
Restricted funds £ - - 24,588 (6,826) 17,762 |
2025 Total £ 53,160 - 24,588 (6,826) 70,922 |
|---|---|---|---|---|---|---|
4. Other income
| Bank interest penditure on raising funds Fundraising costs - events Fundraising costs - philanthropy Fundraising costs - merchandise Fundraising costs - marketing Donation processing fees Staff costs (note 6) Support costs (note 6) |
General fund £ 1,076 1,076 General fund £ 28,991 1,022 186 11,255 2,758 28,660 4,896 77,768 |
Restricted funds £ - - Restricted funds £ - - - - 193 - - 193 |
2026 Total £ 1,076 1,076 2026 Total £ 28,991 1,022 186 11,255 2,951 28,660 4,896 77,961 |
General fund £ 1,737 1,737 General fund £ 25,135 - 1,152 7,394 2,774 56,610 4,051 97,116 |
Restricted funds £ - - Restricted funds £ - - - - 177 - - 177 |
2025 Total £ 1,737 1,737 2025 Total £ 25,135 - 1,152 7,394 2,951 56,610 4,051 97,293 |
|---|---|---|---|---|---|---|
5. Expenditure on raising funds
A calculated share of staff costs and support costs are allocated to expenditure on raising funds, based on the allocation of employee time to this activity and the underlying costs.
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Scottish Love in Action
Notes to the financial statements
For the year ended 31 March 2026
6. Expenditure on charitable activities
| Staff costs Gross salaries Employer's NI Pension contributions Other staff costs Allocated to raising funds Direct costs Grants paid: Rainbow Homes VOICE-4 Nightingale Other direct costs: Exchange rate losses Support costs Rent Insurance IT costs Office costs Membership costs Volunteers' expenses Legal fees Payments to Independent Examiner: Independent examination Independent examination - 2024 Payroll fees Professional fees Bank charges Allocated to raising funds Total expenditure |
General fund £ 89,118 378 4,590 1,085 (28,660) 66,511 57,894 29,713 - - 87,607 7,640 3,513 6,984 992 300 294 47 1,440 240 804 2,160 66 (4,896) 19,584 173,702 |
Restricted funds £ 3,805 - - - - 3,805 5,194 2,278 36,382 - 43,854 - - - - - - - - - - - - - - 47,659 |
2026 Total £ 92,923 378 4,590 1,085 (28,660) 70,316 63,088 31,991 36,382 - 131,461 7,640 3,513 6,984 992 300 294 47 1,440 240 804 2,160 66 (4,896) 19,584 221,361 |
General fund £ 102,579 3,668 5,328 843 (56,610) 55,808 - - - 5,252 5,252 7,268 3,305 4,729 973 300 49 418 1,400 - 888 969 109 (4,051) 16,357 77,417 |
Restricted funds £ 3,188 - - - - 3,188 97,757 97,413 32,750 - 227,920 - - - - - - - - - - - 25 - 25 231,133 |
2025 Total £ 105,767 3,668 5,328 843 (56,610) 58,996 97,757 97,413 32,750 5,252 233,172 7,268 3,305 4,729 973 300 49 418 1,400 - 888 969 134 (4,051) 16,382 308,550 |
|---|---|---|---|---|---|---|
The average number of staff employed during the year was 4 (2025: 5). No employees were paid more than £60,000.
The total remuneration costs of key management personnel (Chief Executive) were £50,659 (2025: £48,165).
No holiday pay was due at the year-end (2025: nil).
7. Taxation
No liability to UK Corporation Tax arises as the income of the charitable company all meets the exemption allowances for charities.
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Scottish Love in Action
Notes to the financial statements
For the year ended 31 March 2026
8. Debtors
| Prepayments and accrued income Other debtors Gift aid recoverable editors: falling due within one year Accruals for grants payable Accruals and deferred income Taxation and social security Other creditors |
General fund £ - - 13,009 13,009 General fund £ 23,550 1,440 2,335 108 27,433 |
Restricted funds £ - - - - Restricted funds £ - - - - - |
2026 Total £ - - 13,009 13,009 2026 Total £ 23,550 1,440 2,335 108 27,433 |
General fund £ 10,000 1,574 6,157 17,731 General fund £ - 1,428 2,201 870 4,499 |
Restricted funds £ - - - - Restricted funds £ - - - - - |
2025 Total £ 10,000 1,574 6,157 17,731 2025 Total £ - 1,428 2,201 870 4,499 |
|---|---|---|---|---|---|---|
9. Creditors: falling due within one year
10. Funds analysis
Current year
| Unrestricted funds General fund Designated wind up fund Total unrestricted funds Restricted funds Rainbow Homes fund VOICE-4 fund UK Core fund Immunisation fund Further Education fund Nightingale fund Total restricted funds |
Balance at 01.04.25 £ 240,236 130,600 370,836 - - - - - - - |
Income Expenditure £ £ 182,522 (251,470) - - 182,522 (251,470) 5,327 (5,387) 2,278 (2,278) 3,805 (3,805) 60 - 120 - 72,437 (36,382) 84,027 (47,852) |
Transfers £ 16,775 (20,600) (3,825) 60 - - (60) (120) 3,945 3,825 |
Balance at 31.3.26 £ 188,063 110,000 298,063 - - - - - 40,000 40,000 |
|---|---|---|---|---|
See overleaf for fund explanation
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Scottish Love in Action
Notes to the financial statements
For the year ended 31 March 2026
10. Funds analysis (continued) Prior year
| Unrestricted funds General fund Designated wind up fund Total unrestricted funds Restricted funds Rainbow Homes fund VOICE-4 fund UK Core fund Immunisation fund Further Education fund Girls Lives Matter fund Nightingale fund Total restricted funds |
Balance at 01.04.24 £ 447,108 - 447,108 - 45,576 - 165 320 - 8,684 54,745 |
Income Expenditure £ £ 230,874 (174,533) - - 230,874 (174,533) 22,881 (97,959) 1,712 (97,413) 3,188 (3,188) 60 - 120 - 836 - 15,155 (32,750) 43,952 (231,310) |
Transfers £ (263,213) 130,600 (132,613) 75,078 50,125 - (225) (440) (836) 8,911 132,613 |
Balance at 31.3.25 £ 240,236 130,600 370,836 - - - - - - - - |
|---|---|---|---|---|
Explanation of funds
The General fund represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.
The Designated wind up fund represents the value of the reserves policy agreed by the Trustees.
The Rainbow Homes fund represents funds raised to support this children's home in India.
The VOICE-4 fund represents funds received to support this project in India.
The UK Core fund represents funds received towards staff salaries and administration costs in the UK.
The Immunisation fund represents funds held to support the immunisation of children in the Homes in India and, at the discretion of the Directors, may be extended to children in the wider community. The balance has been transferred for use by Rainbow Homes.
The Further Education fund represents funds raised to support children through further education. The balance has been transferred to Nightingale.
The Girls Lives Matters fund represents donations received in support of projects at VOICE-4. This fund has now been closed and donations transferred directly to VOICE-4.
The Nightingale fund represents funds received to support our Livelihoods Project with our Indian partner, Nightingale. The funds remaining at year-end are to be spent in 2 tranches over the next 2 financial years.
11. Directors' and other related parties' transactions
No Director received any remuneration from the charity (2025: nil). Two Directors received travel expenses of £135 (2025: £27).
Unrestricted donations by Directors and related parties amounted to £410 (2025: £1,884).
12. Liability of Members
The company is limited by guarantee, with the liability of each member limited to £1. The members of the Company are those Trustees listed on page 1.
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Notes to the financial statements
For the year ended 31 March 2026
13. Operating lease commitments
The Charity had no commitments in relation to operating leases.
14. Defined contribution pension plan
The Charity operates a defined contribution autoenrolment pension scheme with NEST. The contributions made by the Charity are disclosed in note 6.
15. Capital commitments
The Charity had no grant commitments in respect of ongoing projects as all project agreements state that funding support cannot be guaranteed and payments made are dependent on the availability of funds at that time.
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