Company registration number SC248473 (Scotlandl VOLUNTARY ACTION ANGUS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
VOLUNTARY ACTION ANGUS LEGAL AND ADMINISTRATIVE INFORMATION Trustsgs Mr William Mulr M5 Julie Bell Mr Douglas Walker MS Gail Smith Mr Scott Marshall (Appointed 9 May 20251 (Appointed 9 April 20251 (Appointed 7 November 20251 Chief Executlvo Officer Hayley Meams Sacr8tsry Hayley Meam5 Charlty numbor (Scotlandl SC032830 Company numbèr SC248473 Regl$tered office Voluntary Action Angus 5-7 The Cros8 Forfar DD8 1BX Auditor Findlays Audit Limited 11 Dudhope Terrace Dundee DD3 6TS Bank#r5 Bank of Scotland Brolhock Bridge Arbroalh DD11 1NH Sollcltor$ Thomtons Law LLP Vvhitehall House 33 Yeaman Shore Qundee DD14BJ
VOLUNTARY ACTION ANGUS CONTENTS Page Trustees, report Slalement of trustees, responsibililieg Independent auditor's report 7-10 Statement of financial activities 11- 12 Bal8n¢e sheet 13 Slalemenl of cash flows 14 Notes lo the financial stslemen18 15-31
VOLUNTARY ACTION ANGUS TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2026 The trustees present their annual report and financial stslemenls for the year ended 31 March 2026. The financial slalemenls have been prepared in accordance with the accrjunling policie5 sel out in note 1 to the financial statements and comply with the charity's governing document, the Companie5 Act 2006. FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and the Charities SORP "Pc¢ounling and Reporting by Charities". Slalemenl of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Obl&ctlves and actlvltle$ The company's objects are.. To promote the work of the third seGlor and volunteer development and lo promote activities with (*arilable purposes for the benefit of the inhabitants of Angus and, in particular, lo promote thè advancement of education, the furtherance of health and welfare and Ihe relief of poverty, sickness and distress. strategies for achieving aims and objectives The Company will achieve this through.. Volunteering development Social Enterprise development Supporting and developing a strong third sector Building the third sector relationship with ¢ommunity planning ActNi1$ VAA is 8 community development agency comrnitted lo positive soclal change and a130 a delivery agency of the Third Sector Interface ITSII service a8 wilhln our funding from Scottish Goveinm&nt. VAA activities are des¢ribed as follows.. Building inclusive and buoyant volunteering cultures where all people enjoy the right to volunteer. Creating a sustainable dynamic and innovalive social enleipri5e movement democratically led by local people delivering local services. Developing the capacity of the third sector and community organisalion3. Facililaling change within partnership settings where the third sector has a central role in deciyon making and culture change. Empowering communities to care. Comballng poverty. Providing l&afning and facililalion of better approaches toward5 working with communitles and civic health. Volun16&rs VAA currently have 1900 volunteers registered with 500 8clive wlhin the organisalion, the volunteer numbers within VAA cover Befriending, Breast Buddies volunteers and Inlergenerational Befriending roles which has seen a number ()f young volunteers SUPPOrt our work. The rule of the organisation is to support the recruilmenl volunteers within the wider Third Sector, as organisations have begun phasing back to business as usual the re¢ruilmenl of external volunteers has Increased significantly this year. Achievemonts and p&rfomiance Significant activities and achlevements &g8insl objectives As Chair of Voluntsry Action Angus, l am proud lo reflect on a year of signlficanl growth, innovation, and strategic progress for both our organisation and the wider third sector acr0$5 Angus. Throughout 2025128, VAA has continued to strengthen ils position as a trusted and ambitious Third Sector Interface, respondin9 proactively lo emerging challenges while remaining fimily committed to supporung resilient, connected, and empowered communities across Angus.
VOLUNTARY ACTION ANGUS TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 This year has once again demonstrated the dedlcallon, professionalism, and adaptability of our stsff team, volunteers, and trustees. Across every area of the organisalion, there has been a clear focus on continuous improvement, partnership working, and ensuring that communities remain al the heart ol everything we do. VAA has continued lo deliver a diverse and impactful programme of work spanning volunteering, youth work, employability, community development, governance support, health and wellbeing. and strategic partnership engagement. Alongside this operational delivery. the organisalion has continued to play a leading rde within strategic planning structures acr0$5 Angus, ensuring the voice of the third sector is represented within key local developments and decision-making forum$. One of the most signifi¢anl area8 of progress this year has been the continued development of the Angus Community Connector platform. Since 115 launch, the platform has continued lo grow steadily and now hosts ov&r 380 live listings, with increasing engagement from both residents and organisalitsns acr055 Angus and beyond. User numbers, app downloads, and overall platform visibility have all increased significantly, demonstrating the growing importance of accessible digital community infrastructure. New functionality, induding enhanced search lealures, push nolificalions, image uplgads, and themed information pages, has further strengthened the platform as a key tool for community connection and support. Supporting volunteering and community participation has remained central lo our work throughout the year. The ongoing development of the Angus Volunteer Strategy has been a major piece of collaborative work, with over 230 survey responses received from volunteers, organisalions, and residents across Angus. This strong level of engagement rellecls both the importance of volunleeiing within our communities and the appetite lo shape the future of volunteering 5oeally. Internally. significant work has taken place to strengthen organisalional systems, reportlng slruclures, staff development, and resource planning. Considerable investment has been made in training, governance development , and workforce support to ensure the organisalion remains resilient and well-positioned for the lulure, This year has also seen Increased focus on visibility, collaboration, and community engagement. Through networking events, awareness campaigns, consullalion aclivily, and initiatives such as the Dundee Kilt walk. VAA has continued to raise the profile of both the organisalion and the wider third $e¢lgr across Angus. Alongside programme delivery, VAA has continued to invest in the long-lerm sustainability and development of The Cross as a vibrant Third Sector cenlre. New tenant organisallons have joined the building, ¢onsultalion work is underway lo shape its future use, and essential building improvements have been completed lo ensure the space remains safe, welcoming, and fil for purpose for years to come. I would like lo extend my slncere thanks to our dedicated staff team, volunteers, trustees, funders, partners, and supporters. The passion, crealivily, and Commitment shown across the organisalion each day continue tr) make a rneaningful difference lo communities throughout Angu$. As Chair, I remain incre(Jibly confident in the direction of the organisalion. VAA ¢¢nlinues lo evolve as a resilient, fOard-thinkIn9. and trusted organisation one that not only responds lo the needs of communities today, but actively help5 Shape a stronger, fairer, and more connected futu forAn9US. Investment performance The trustees shall have the power on behalf of the ¢ollective to retain, accept, purchase, Sell, lease, hold and invest any property. heritable and moveable. real and personal of whatever kind and wherever suited. Financlal revlew Going conc$rn After making appropriate enquiries, the Trustees have a reasonable eXpeatiOn Itial the Company has adequate resources lo continue in operational existence for the foreseeable fulL5re. For this rea50n, they continue to adopt the going concem basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the a¢¢ounling policies.
VOLUNTARY ACTION ANGUS TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Resee8 policy The results for this year are sel out in the attached accounts. During the year the. charity made a surplus of £74.094 12025 deficit of £76,233). At the year end 31 March 2026, the charity held unre51ricted reserves of £410,21712025 £352,1791 and fftslricled reserves of £276,622 12025 - £260,586). Included within unrestricted reserves is designated reserve of £24,00012025 - £12,000) which the Iruslees have design8led for emergency building repairs, specifically the roof in future years. The Iruslees have adopted a reserves policy Its maintain unreslricled funds al a level sufficient to manage financial risks and sustain operaliDnal conlinLJity. The largel reserves are sel between three and slx months of core operational costs, equating lo a minimum of £113,000 and a maximum of £227.000 based on the current year spending. The current level of unreslricled reserves of £410,217 exceeds the upper largel range. This surplus provides the harily with a strong buffer against financial uncertainly and creates capacity to invest in strategic priorities. The trustees have designated £24,000 of these funds for emergency building repairs, specifically roof maintenance anticipated in future years. The Chief Executive OfTicer continues to monitor the reserves position quarterly, with the Board reviewing the policy and reserves annually. Should reserves fall below the minimum level, a restoration plan will be implemented. Conversely, excess reserves may be allocated to strategic priorib'es or rlsk miligalion. Pnncipal fundAng sources The charities principle sources of funding are Social Care Partnership, Scottish Govemment and AngLJS Council. Major risks A5 a charity reliant partially on funding from public sector sources, the principle risk lo VAA may be reflective of the decline of resources afforded lo Local Authority and Stalulory organisalions. Whilst these risks are perhaps the m051 profound in recent times the current change agenda reqLJires shift and recalibralion of service delivery from Statutory to Third sector providers. In essence this creates a significant amount of uncertainly and risk bul also opportunity. In mitigab'ng the Potential impact of such risks VAA Is well placed to lead on the development of service delivery of the ftjlure. In part as an incubating organisation Creating the growth of new social enterprise bul also in developing consortium and collaborative approaches within the third sector. VAA occupies a central posf(ion in the area of Health and Social care integration, delivering sustainable and Iransftsrmalive volunteer services which are crillcal to culture change within reshaping Care in Scotland. VAA is quoted by Scottish Government as being a leader in ils field, is well respe¢led and influential in the main strategie partnership within Angu5 and a key conlribulor to combating poverty in the county. Despite thls VAA is not complacent and recognises tho need to restructure lo meet the demands on its 3ervice$ and lo advance its capacity building and engagement role. Such level ol restru¢lure will be detailed in a strategic review which will look al all aspects ol supply and demand, locats'on. impact analysis and staffing. The Trustees have assessed the major risks to which the Company is exposed, in particular those related lo the operations and finances of the Company, and are salisfi&d that systems and procedures are in place to mitigate exposure to the major risks.
VOLUNTARY ACTION ANGUS TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Plans for future porlod$ To maximise the impact of the ¢oming year, we believe il is crucKal 19 reflect on the growth and development of Voluntary Acts'on Angus IVAAI. As part of this process, VAA is currently formulating a comprehensive five-year strategic plan that will establish a clear 8nd ambitious dlreclion for the org8nisalion. This plan aims lo further strengthen VAA'S strategic leadership while continuing ils critical role as a fund manager. Our objective 15 to secure and distribute an additional funding lo support numerous charities and community groups across Angus. Central lo our mission Is empowering organi5alions and communities lo foster innovative projects that drive meaningful change. Our Vision Resilient and empowered communities Creating a stronger, fairer Angu8- We are commilled lo tackling poverty and health inequalllies lo enable the people olAngus lo flourish. We are steadfast in our commitment lo addressing poverty and health inequalities, enabling the people of Angus lo thrive. Str8t&gic Focus Ar•a8 Knowl&dge Serve as the primary source of expertise on The lo¢al Third Sector. The impli¢8lions of local and national policies on the Third Sector, communities, and citizens, and how the Third Sector can actively contribute lo these agendas, Advocacy Ensure a robu51 Third Sector voice at the slraleoic level within local and national planning fmewOrks. Act 85 a strategic partner in the Health and Social Care Partnership and the Community Planning Partnershbp. Capaclty Building Enhance the capacity of volunteers, community groups, voluntsry organisalions, and Soclal enterprises to effe¢l positive change. Conno¢tion Provide leadership, vision, and coordination for the local Third Sector, enabling a more effective response to local priorities. Foster partnerships and collaboration5 to create opportunities and develop skills that Stngthen communities. This strategic focus underscores VAA'S dedication to supporting and advanclng the Third Sectors role in building a more equitable and resilient Angus. Structure, govgrnance and management Voluntary Action Angus is registered as a charitable company in Scotland, limited by guarantee and was sel up by a Memorandum ofAsso¢ialion. The trustees, who are also the directors for the purpose of company law, and who served during th& year and up to the dale of signature of the financial statements were.. Mr William Mulr Ms Julie Bell Ms Anne Callander Mr Kenneth Whlle Lee Mr Douglas Walker Ms Gail Smith Mr Scott Marshall (Resigned 25 June 20251 (Resigned 22 August 20251 (Appointed 9 May 20251 (Appointed 9 April 20251 (Appointed 7 November 20251
VOLUNTARY ACTION ANGUS TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Rècmltmgllt and appglnlment of trustg&s The managernent of the Company is the responslbllmy of the Trustees who aro electsd and eopl•d undar the tsrms of the Memorandum 0fA8soGia0n. The charfty Invltès appllcalions for naw trustso8 from member8 of th& organi8alion and 81¥0 advertlses in local press. The Chlef Exeeutwe Officer and chalrperson, who will then racommgnd Sultable c8ndldales to the board lo make the final d8c4sion, wlll thèn givg Potential applicants an informal interview. Organisational sttuctu The Trustees. who m681 quarterly admlnlstor tha group. A Chlef Executive l)fflcer Is appolntsd by the Trustees lo manago thè day lo day operatbns of thè company. The trust88s are elected at th8 annual genoral meeung, 113 of Irust¢es are required to reUr& by rotation atthe AGM but are eliglble for re-election. Th8 trustees are responsible lor preparing a dgvolopment plan for the charity. The implementation of the plan is then carried out by the Chief Execubve Officer. Indu¢1K and tIning of trusle&s Once they hav& bèèn appolnted, the nw INstee3 are IssLted wlth an inductlon folder together wlh a welcom& pack whi¢h 8ets out their responsibilities. A seminar is held lco a yèar for trustees an¢J ¥laff lo revlew activities and future plans for tha c&ntre. Th8 trustees are al80 given the opportunity lo go on sut>groups for specific areas e.g. finan. The SUIgroupS then recommond updates and n&w poli¢ie3 to the board for ffinal approval. Olhgrmattar$ Pay pollcy for k•y managemènt p•rsonnel VAA finance managemènt involves dgvolved management and sy8lems admlnlstration. At govèmance levgl, 8 staffing sub group involvlng Board rnembers who then report to th$ wider Board agrèès d8cision-making regarding Pay sgtting. As a progr9S8ive and leading thlrd sector organisation the Board are ¢omrnilled to awaTding good wa96s 8nd tem18 of employmant, 8eeking to ensura rgtenlion and d6velopmenl ils stsff. The pay scale8 are set on compar8tlV8s using natlon811y agrggd spinal columns. which illustrat8 grading, and Incr8menls consi819nl with local authcirity and third sector wage slruclures. The uso of increments encourages rew8rEI for years of 88rvice given and 6xperf6n¢e gained. This approach has proved valuable to VAA whereby the 4 longest servlng members of staff have accumulated over 70 ygars of seNlce collectlv81y. A$ requlred undar Auto enrolment, VAA Commits toward an attracb'v6 panslon package wharoby all omployaès will nefft for employèr contributions of up to 8%. VAA Is also a lfving wage employer. Audltor In a¢cordanc8 with the companls articles, a resolution F*fop08ing Ihat Findlays Audit Llmttad b8 reappointed as auditor of the company will be put at a General Meeb'ng. Dlsclosur• of Inforniatlon to audltor Each of the truslg8s has c(>nfimied that there Is no information of which they ar8 8waTe which Is relevant to the audit, but (rf which the auditgr 18 unaware. They have further confirffl8d that th&y havg taken appropriate steps lo identlfy such relevant inforrnation and to eslablish that the auditor is aware of su¢h Inforrnalion. Tho trusle85' report wa proved by tha Board of Truste8s. Mr Willl8m Muir tru8t•e 23 July 2028
VOLUNTARY ACTION ANGUS STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2026 The Iruslee5, who are also the directors of Voluntary Action Angus for the Purpose of company law, are responsible lor preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards Iunited Kingdom Generally Accepted Ac¢ounling Praclicel. Company law requires the Iruslees lo prepare financlal statements for each financial year which give 8 true and fair view of the state of affairs of the charity and of the incorning resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financial slalemenls, 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 eslirnales that are reasonable and prudent., and pr¢pare the financial statements on the going concern basis unless Il is Inapproprlate lo presume that the charity will continue in operation. The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial slalements comply with the Companies Act 2006, They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
VOLUNTARY ACTION ANGUS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF VOLUNTARY ACTION ANGUS Oplnlon We have audited the financial statements of Voluntary Action Angus (the 'charity'l for the year ended 31 March 2026 which comprise the stslement of financial activities, the balance sheet, the statement of cash flows and notes lo the financial slalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, in¢luding Financial Reporting Standard 102 Th6 Financial Reporting Standard appliGable in the UK and Republ of Ireland Iunited Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial stalemenls.. give a true and fair view ol the slate of the charitable company's affairs as at 31 March 202S and of ils income and expenditure, lor th¢ year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢11., and have been prepared in accordance with the requirements of the Companies Act 2006. Ba$1$ for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI) end applicable law. Our responsibilities under those stsndards are further described in the Audfflors responsibilities for the audit ol Ihg finanGial slatemenls section of our report. Vve are independent of the ¢harily in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other eth81 responsibilities In accordance wlh these requirements. We believe that the audll evidence we have obtained is sufficient and appropriate to provide a basi8 for our opinion. Concluslons Telatlng lo golng concgm In auditing the financlal statements, we have concluded that the Iruslees, use of the going ¢oncem basi5 of accounting in the preparatlon of the financial statements is appropriate. Based trn the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or colleelively, may cast significant doubl on the charity's ability lo continue as a going concern for a perfod of al least twelve months from when the financial statements are aulhorlsed for issue. Our responsibilities and the responsibilitie5 Qf the trustees with respect lo gc*ing concern are described in the levant sections of this report. Othgr Infomiation The other information comprises the informatign includeLY in the annual reptsrt other than the finarlar statements and our auditor's report thereon. The trustees are SponsIble lor the other information contained within the annual report. Our opinion on the financlal slalements does not cover the other information and, except to the exlenl otherwise explicitly slated in our report, we do not express any form of 8s5urance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent wlh the financial Slalemenls or our knowledge obtained in the course of the audrt, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required lo determine whether this gives rise lo a material misslalemenl in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other Information, we are required to report that fact. Vve have ntslhing to report in this regard. Oplnlons on othgr matters prèscribgd by the Companies Act 2006 In our opinion, based on the wtsrk undertaken in the course of our audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared. which includes the dire¢ltsrs' report prepared lor the purposes of company law, is consislenl with the financial staternenls., and the direcltsr5' report included thin the trustees. report has been prepared in accordance wllh applicable legal requirements.
VOLUNTARY ACTION ANGUS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF VOLUNTARY ACTION ANGUS Matters on whl¢h we are requlrgd to report by Bxcapllon In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material mi5slatem$nls in the directors, report included within the Iruslees, report. In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstslemenls in the Iruslee5' report. We have nothing lo report in respect ol the following matters In relation lo which the Companies Act 2006 and the Charities A¢¢ounls Iscollandl Regulation5 20061as arnendedl and the Charities and Trustee Investment Iscotlandl Acl 2005 requires us lo reptsrt to you if, in our opinion.. adequate a¢counling records have not been kept, or retums adequate for our audit have not been received frc>m branches not visited by us," oi the financial slalemenls are not in agreement with the accounting records and returns- or certaln disclosures of Iruslees. remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entllled to prepare the financial slalemenls in accordance with the small companies regime and lake advantage of the small companies. exemptions in preparing the Iruslees. report and from the requirement lo prepare a strategic report. Rosponslbllltl&8 of trustee$ AS explained more lulSy in the statement of trustees, responsibilities, the Iru51ees. who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free from material misslalernent, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for 8ssessing the charity's ability to continue as a going concern, disclosing, as applicable, mallers related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable Cofnpany or lo cease operatlOll5, or have no realistic alternative but to do so. Auditorf$ responsibillllgs for the audlt of the financlal statoments We have been appointed as auditor under section 144 of the Charitie$ Act 2011 and report in accordan¢e with the Act and relevant regulation5 made or havlng effect theunder. Our objectives are lo obtain reasonable assurance about whelheT the financial slalements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when il exists. Mi5stslernent$ ¢an arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influen¢e the economic decislons of users taken on the basis of these financial glalemenls. The extent lo which our procedures are capable of delecling iTregularilies, including fraud, Is detailed below.
VOLUNTARY ACTION ANGUS INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF VOLUNTARY ACTION ANGUS Irregularities, including fraud. are instance of non-compliance with laws and regulations. We design procedures in line wlh our responsibilities, outlined above, lo delecl material misslatemenls in respect of Irregularities. including fraud. The extent to which our procedures are capable of detecting irr¢gularilies, including fraud and non compliance wlth18W5 and regulations is detailed below. The audit team has the appropriate skills and expertise required and through discussions wh management and trustees and knowledge of the sector Its ensure any non ¢ompliance is recognised and all necessary dBclosures are made. The controls in place help the charity miligale the risk of fraud and also aids them in hlghlighting any instances of fraud that might have occurred. We asse5S the sus¢&plibllity tsf the charity's financial statements lo material misstatement including obtaining an understanding of how fraud and non compliance with laws and regulations may occur. Making enquiries of management & directors about any known or suspected instances of non complian with laws and regulations, including GDPR, health and safely, employment law and fraud. Enquires of management & Iruslees as lo where they consider there is a su8ceplibilily lo fraud and their knowledge of how actual, suspected and alleged fraud might occur. Review of any correspondence with regulators including OSCR & HMRC, Challenging assumptions and judgements made by management in their significant accounting eslimales depreciation and allocation of funds and support costs as accounting e51imales during the audit Auditing the risk of management override ¢onlrols, including through lesling of journal entries and other judgments for 8ppropriaten&$$. Review of any areas where there is potential of management bias, large & unusual tran8aclions and the risk of undisclosed related partles. Performed analytical procedures lo Idenlfy any unusual transactions. Review of legal fees Including enquiries of solicitors and review disclosure3 to ensure appropriate. Review of board minutes and any corresponding disclosures. Because of the field in which the ¢lienl operates we Identified the following areas as those most likely lo have a material impact on the financial slalemenls., Direct Impad on Financial Slalements The Charities Ac¢ounls (Scollandl regulations 2006 Charities SORP- FRS 102 Charities & Trustee Investment (Scotlandl Act 2005 Companies Act 2006 HMRC Regulations Indirect Impact on Financial Statements GDPR Employment Laws Health & safely al work Act Charities con81ilulion Money Laundering Regulations Because of the inherent limilalions of an audit, there is a risk that we will not delecl all irregularitleg, Including those leading lo a material misstatement in the financial slalements Dr non-compliance with regulation. This risk increases the more that compliance wlh a law or regulation is removed from the events and transactions reflected in the financial slatemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or MisrepSentaII0n. We communicate with those charged with governance, trustees regarding, among other mallers. the planned scope and liming of the audit and significant audit findings, Sneluding any significant deficiencies in internal control that we identify during our audit. A fijrther description of our responsibilities is available on the Financial Reporting Councll's website at.. https.'Il .frc.org.uklaudilorsresponsibilities. This description forms part gf our auditor's report.
VOLUNTARY ACTION ANGUS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF VOLUNTARY ACTION ANGUS Use ofour r9POrt This report is made solely lo the charitable company's members, as a body. in ac¢ordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mi9ht stale lo the charilatle company's members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company'8 members as a body, for our audit work, for this report, or for the opinions we have formed. Louise Deuchar, C.A. (Senlor Statutory Audltor} lor and on behalf of Flndlays Audlt Llmltgd 11 Dudhope Terrace Dundee DD3 6TS 23 July 2028 Findlays Audit Limited 18 eligible for appointment 83 auditor of the charity by virtue of Ils eliglbillty for appointment as auditor of a company under section 1212 of the cOmpane$ Act 2006. io-
VOLUNTARY ACTION ANGUS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 Current financial year Unrestricted R•stri¢ted funds funds 2026 2026 Total Total 2026 2025 Notes Donations and legacies Charitable activities other income 237,317 52,SS7 1,205,870 1,443,187 52,557 1,325,729 54,511 Total income 289,874 1,205,870 1,495,744 1,330,242 Charitable activities 226,430 1,195,220 1,421,650 1.456,475 Net Ineominglloutgoingl rèsoure•$ before transfers e3,444 10,650 74,094 176,2331 Gross transfers beeen funds 15,4061 5,406 Not incomellexpenditur81 for the yearl N&t movomonl in fund5 58,038 16,056 74,094 176,2331 Fund balances al 1 April 2025 352,179 260,566 612,745 688,978 Fund balanc9$ at 31 March 2026 410,217 276,622 686,839 612,745 The slalemenl of financial aclivits'es includes all gain5 and losses re¢ognised in the year. All income and expendllure derive from continuing acb'vities. The slalemenl of financial actlvllies alsts wmplies with the requiremènts frjr an incc*me and expenditure account under the Companies Act 2006. The notes on pages 15 10 31 form part of these financial slalemenls.
VOLUNTARY ACTION ANGUS STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 Prior financial ygar Unrestricted Restrictgd funds fund8 2025 2025 Total 2025 Notes Donations and legacies Charitable activities Other incomg 216,854 54,511 1,108,875 1,325,729 54,511 Totsl income 271,367 1,108,875 1.380,242 Charitable activitie 248,773 1,207,702 1.456,475 Nèt incominglloutgolnyl resources before transfers 22,594 198,8271 176,2331 Gross transfers between fund8 11,084} 1,084 Net incomoll&xpondltur•l for thg yoarl Nèt movement in funds 21,510 197,7431 176,2331 Fund balances al 1 April 2024 330,669 358,309 688,978 Fund balanc&$ al 31 March 2025 352,179 280,566 612,745 12
VOLUNTARY ACTION ANGUS BALANCE SHEET ASAT31 MARCH 2026 2026 2025 Not•s Flxod a88•ts Tangible assats 14 225.921 236,563 Currant 4¥8ots Debtors Cash at b8nk and In hand 15 33,584 695,102 110,604 669,251 728,686 779,855 Cr•dltors: amounts falllng du• wlthln ono year 17 1215,506 1327.1191 Nèt current assets 513,180 452,736 Totsl asgetg loss curr•nt Ilabllltles 739,101 689,299 Crodltors: amounts falllng du? aft•r more than ono y8ar 152,262) 176.5541 686.839 612.745 In¢omo fund6 Rts8trict8d fvnds Unre I dfvnd8- DesKJnatgd fund General unreslrlcted funds 22 276,622 260,566 enera 21 24,000 386,217 12.000 340,179 410.217 352,179 686,839 612,745 The notes on pages 15 to 31 form part of these financlal ststements. These financial statgmgnts have been prepargd In accordance wlth the provisions applicable lo companiès subject to the small comppni93 regime. The financlal statam9nls were approvgd by thè TNstses on 23 July 2026 Mr WS1118m Mulr Tru8te• Company r8glstratlon numbor SC248473 13.
VOLUNTARY ACTION ANGUS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 Notey Cash flows from operatSng actlvltles Cash generated from operations 28 50,161 9,955 Invastlng actlvitles Purchase of tangible fixed assets 11.858) 13,3631 Not cash used In Inv8$tlng activities 11,8581 13,3631 Finan¢lng activit195 Repayment of bank loans 122,452} {20,7531 Net cash usgd In financlng actlvltles 122,4521 120,7531 Net incr8a$elldecreasel in cash and cash equlvalgnts 25,851 114,1611 Cash and cash $quivalents at beginnlng of year 669.251 683,412 Cash and cash equivalont5 at end of year 695,102 669,251 The notes on pages 15 10 31 form part of these financial statement5. 14-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollclg¥ Charlty information Vtsluntary Action Angus is a prlvale company limited by guarantee incorporated in Scotland. The registered office is Voluntary Action Angus, 5.7 The Cross, Forfar, DD8 1 BX. 1.1 Basis of preparation The financial slalemenls have been prepared in accordance Mlh the charity's governing document. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP 'Accounling and Reporting by Charitie5.' Slalement of Recommendgd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 The charity is a Public Benefit Enlily as defined by FRS 102. The financial ststemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded tc) the nearest £. The financial statements have been prepared under the historical cost convention. 1.2 Going concern At the lime of approving the financial slalemenls, the trustees have a reasonable expectation that the charity has adequate resources lo Continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the gging concern basis of accounting in preparing the financial statements. 1.3 Charitable fund5 Unreslricled fund5 are available fc)r use al the discretion ol the trustees in furtherance of their charitable objectives. Designated funds are primarily lo cover planned maintenance and any major repairs on the building, specifically the roof. The trustees have agreed that the designated fund can be used for other purposes should there be material unexpected one-off costs needing mel. Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restri¢led funds are set out in the notes lo the flnancial slalemenls. Endowment funds are subject lo speciflc conditions by donors that the Capital must be malntsined by the Charity. 1.4 Incoma Income is recognised when the charlly Is legally enlilled lo it after any perftsrman¢e condillons have been mel, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donallons are recognised once the charity has been notified of the donation, unless perfotrnance conditions require deferral of the amount. Income tax recoverable in relation to donatlon8 received under Gift Aid or deeds of covenant is recognised al the lime of the donation, Grants, including government grants are included in the Statement of Financial Activities on a receivable basis. The balance of income recelved for specific purposes but not expended during Ihe period is shown in the relevant funds on the Balance Sheet. Vvhere income is received in advance of entitlement of receipt, ils recognition 1$ deferred and included in creditors are deferred income, Where entillemenl occurs before income is received, the in¢ome is accrued. 15-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollcles Icontlnugdl 1.5 Exp8ndlture Expenditure is recognised once there is a legal Dr Conslruclive obligation lo transfer economic benefit lo a third party, il is probable Ihal a transfer of economi¢ benefits will be required In selllemenl, and the amount of the obligation oan be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir#1 costs and shared costs, including support costs involvgd In undertaking each aclivily. Direct costs attributable lo a single activity are allocated dire¢lly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not attrlbulable to a single activity are apportioned between those activities on a ba818 consislenl wfth the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portlon of the asset's use. 1.6 Tangible fixgd assets Tangible fixed assets are initially measureLI at cost and subyequently measured al cost or valuallon, nel ol depreciation and any impairment losses. Depreciation is re¢ognised so as lo write off the cost or valuation of as$els less their resklual values over their useful lives on the followng bases.. Freehold buildings Plant and machlnery Fixtures and fittings 20A straight line 20% straight line 20% straight line The gain or loss arising on the disposal of an asset is determined as the differen¢e between the sale proceeds an(t the carrying value of the asset, and is recogni5ed in the statement of financial activities. 1.7 Impaimiont of flx&d a5sots Al each reporting end dale, the charity reviews the carrying amount5 of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indi¢alion exists, the recoverable amount of the asset is estimated in order to delerrnine the oxlent of the impairment loss lif any). 1.8 Cash and cash gqulvalerrts Cash and cash equivalents include cash in hand, deposits held at call w*lh banks, other short.term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnancial Instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Finan¢io1 Instrumen15 Issues, of FRS 102 to all of ils financial in5trumenl5. Financial instruments are recognlsed in the charily'g balance sheet when the charity becomes party lo the contractual provisions of the instrument. Financlal assets and liabilitles are offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to sellle on a net basis or lo realis& the asset and sellle the Ilabllily simultaneously. 16-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accounting policies (Continued) Basic financlal ossets Basic financial assets, which include debtors and cash and bank balance5, are initially measured al transaction price includlng Iran5aclion costs and are subsequently carried 81 amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaolion is measured at the present value of the future receipts discounted al a market rale of interest. Financial as8els classified as receivable within one year are not amortised. Bas1¢ financlal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al Iran8adion price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured at the prosenl value of the future payments discounted al a market rale of Interest. Finan¢ial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently Carried at arnortised cost, using the effective interest rate method. Trade ¢redltors are obligations to pay for goods or 5ervice8 that have been acquired in the ordinary course of operaligns from suppliers. Amounts payable are classified as current liabilities if payment is due within One year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transacllon price and subsequently measured at amortised cost using the effe¢live interest method. Derecognition of financlal Ilabllltles Financial liabilftie9 are derecognised when the charity's contractual oblig3li¢ns expire or are discharged or cancelled. 1,10 Employee bongfits The cost of any unused hollday enlillemenl is recognised in the period in which the employee's $eNi¢es are received. Termination benefits ore recognised immediately a8 an expense when the charity is demonstrably committed lo terminate the employment o18n employee or to provide lemiinalion benefits. 1.11 Retirement bgnoffts The company is a member of a multkemployer plan. Where it is not possible for the Company lo obtsin sufficient information lo enable il lo account for the plan as a defined benefit plan, il ac¢ounls for the plan as a defined ctsnlribulion plan. The amount charged lo the Slalemenl of Financial activities incorporating Inwme and Expenditure Account represents contributions payable lo the scheme in respect of the accounting period, 1.12 Grants payable Grants payable comprise of those paid in the ac¢ounling period and. where applicable, include grants payable in future accounting periods where there is a legal obligation to make such payments. 17
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Crltlcal accounting &stlmate5 and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources. The e51imales and associated assumptions are based on hislorical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimale8, The estimates and underlying assumptions are reviewed on an ongoing basis. R&vislons lo accounting estimates are recognised in the period in whlch the estimate is revised where the revision affects only that period, or in the perlod of the revision and future periods where the revlsion affects both current and future periods. Critlcal Judgements Dgprgclatlon Tangible fixed assets are depreciated over a period lo reflect their eslimaled useful lives. The applicability ot the assumed lives is reviewed annually, taking into account factors such as physical condition, malnlenance and obsolescence. Fixed assets are also assessed as lo whether there a indictors of impairment. Thls assessment involves consideration of the economic viability of the purpose for which the asset is used. Ovèrhead allocatlons Overheads are allocated against reslricled funds on an actual basis as are direct costs. Wages and salaries are also alltscaled on an a¢lual bas18. Remaining overheads are allocated on an agreed percentage in line with income and activities. Wagey & Salaries Wages are allocated to projects based on actual time worked on specrfic projects. Where personnel work of several projec15 the lime is estimated by the CEO in line wlh the actual work Caled ovt. Support Cosls Support costs within the accounts are based on an e81imatlon of management time which can be attributed lo the projects. The approach for allocating support costs is consislenl and in line wf(h the expectslions. Accruals & provlslons Included within accruals is eslirnales for future costs where the values were not fully confirmed at the year end. These costs however are based on reliable e51imales of expected costs due. Incomg from donatlons and legacle8 Unr•$tricted Restrictgd funds funds 2026 2026 Tota5 Unrostrict&d Rgstrl¢ted fund5 funds 2025 2025 Totsl 2026 2025 Donations and gift5 Grant$ 1,859 235,458 1.205,870 1,859 1,441,328 216,854 1,108,875 1,325,729 237.317 1,205,870 1,443,187 216,854 1,108,875 1,325,729 18-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Income from donallons and legacies Icontlnugdl Unreslrlcted Restricted funds funds 2026 2026 Totsl unstricted Rastrictèd fund$ funds 2025 2025 Total 2026 2025 Grant5 NHS Charit8ble Fund ICJ post Vvhole Family Wellbeing Fund Angus Council - LEP Scottish Govemmenl Social Prescribers NHS Breast Buddies Angus Councll SLA Angus Health & Social Care Partnership Menlal Health & Wellbein9 Fund 6,407 54.084 6,407 62,838 8.754 61,157 81,157 10,000 100,000 110,000 8,000 50,000 8,000 50,000 201,344 302,816 21,000 73,225 201.344 201,344 317,533 25,000 49,540 201,344 317,533 25,000 49.540 302,816 21,000 73,225 268.300 288,300 268,300 268,300 15.360 385,006 400,366 15,510 324,377 339,887 235.458 1,205.870 1,441,328 216,854 1,108,875 1,325,729 Income from charftable activities Unrestrictgd Unrestrlctsd funds funds 2026 2025 Charitable aetlvitie$ Service income Rentsl income 11,070 41.487 7,945 48,566 52.557 54,511 other incom• Unrestrlcted Unr85trictod funds funds 2026 2025 Other income
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Exp8ndltur& on charltablè actlvlties CharStabl& actlvlt&$ 2026 Charitable activites 2025 Direct costs Staff costs Depreciation and impairment Rent, rale5 & insurance Premises costs Light & heal Cleaning Staff travel & training Vehicle leasing eosls 693,685 12,500 17,503 13,429 57.653 2.129 1,695 3,317 631,477 14,348 14,602 13,485 55,889 878 7,849 4,262 k 11 Bad debts Telephone, inlernel & computer c081s Publicity & promotion Payroll and bookkeeping support Kirrie Friday Night Project Slalignery & p)slage Miscellaneous Motor expenses Loan interest 878 45,394 13.520 30.360 2.200 1.292 3.486 8.325 7,234 5,276 36,693 5,621 38,940 4,480 4,104 1,929 8,538 9,282 914,600 857,653 Grant funding of activities (see note 71 410,944 490,423 Share of Support and governance costs (see note 81 Support Gtsvernance 22,582 73,524 21,977 86,422 1,421,650 1,456.475 Analysis by fund Unreslricled lunds Restricted funds 226,430 1,195,220 248.773 1,207.702 1,421,650 1,456,475 20-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Grants payablè 2026 2025 Grants to instilution$129 granlsl.. ADHD Support Group Angus Creatives Angu5 Voice Angus Wtsman'sAid Arbroalh Connection Autism Initiatives Brechin Soup13 grants) Buckled Body Cruse Swlland DD8 Music Dundee &Angu$ADHD Group Families Outside Farnily Mediation Flts Cooking Forfar Music Group Forfar Open Garden Gallowshade Community Greenhillock Green Heather Williams12 gran181 Hope Garden SCIO Kirriemuir Foodhub Monifi&lh Befriending Scheme12 gr8ntsl Montrose Community Murton Trust New Solutions Penumbra Limited Promo Monlrose Re-Engage Lld12 gran181 Scottish Action Scottish Action for Mentsl Heall Sporting Memories Slralhmore C¢mmunity TCA The Adam Centre The Profound An9us Disability Sport Womens Rape Charfty 28,000 10,000 3.000 39,975 5,000 27,722 9,900 24,306 500 3,000 3,960 19,900 56,913 9,823 12,705 25,000 5,000 5,000 30,000 500 soo 84,000 25,000 92,000 10,000 25,989 5,000 13,500 500 17.451 25,000 75,000 5,000 5,500 24,880 47,115 4,950 16.410 40,000 5,000 12.068 11,300 35.000 410,944 490,423 21
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2026 Grants payablg (Continued) ncluded in the grants paid out are grants paid in relation lo the following fund$'. MHWB lo Support individual applications for communtty based initiatives that promote and develop good mental health and wellbein9 Whole Family Wellbeing Fund - small grants - grants less than £25,000 to assist how families in Scotland are Supported Support costs allocaled to activities Charitablo activites 2026 Totsl 2025 Staff c0515 Governance 22,582 73,524 21,977 86,422 2026 2025 Governan¢• ¢o$ts comprlse.. Staff costs Audit fees Legal and professional Bank charges 52,691 17,010 3,787 38 51,280 16,200 18,698 244 73,524 86,422 Not movement In funds 2026 2026 The nel movemgnl in funds is staled after chargingllcredilingl,, Fees payable lo the charity's auditor.. for the audit of the charity's financial statements for other financial services Depreciation of owned tangible fixed assets 17,010 30,360 12,500 16,200 38,940 14,348 22-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 10 Auditorfs remuneratlon FO payabl• to the charity's audltor and asso¢lates'. 2026 2025 Audit of the charity's annua1 accounts 17,010 16,200 Non-audit Services All other non-audil services 30,3fj0 38,940 11 Trustoes. r&mungratlon and oxpen8èS None of the trust&es lor any persons connected with them) received any remuneration or beneflls from the charity during the year. 12 Employges The average monthly number of employees during the year was.. 2026 Number 2025 Number Tol81 employees 28 29 Employm9nt costs 2026 202S Wages and salaries Soclal security costs Other pensitsn costs 647,646 69,816 51,296 611,987 47,082 45.665 768,958 704,734 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2028 Number 2025 Number £80,000 10 £90,000 R&muneratlon of key management pgrsonn81 The remuneration of key management personnel was as follows.. 2026 2025 Aggregate compensation 195,965 185,231 23-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 13 Taxatlon The Charty is exempl from laxalion on ils activities because all ils income is applied for charitable purposes. 14 Tangible fixed assets Frg¢ho1d bulldlnus Plart and Flxtur88 and machlnery flttlngs Totsl Cost Al 1 April 2025 Additions 256,340 73,902 27,010 1,858 357,252 1,858 At 31 March 2026 256,340 73,902 28,868 359,110 Dèprgclatlon and Impalrment Al 1 April 2025 Depreciation charg6d in the year 35,888 5,127 62,769 5,566 22,032 1,807 120,689 12,500 Al 31 March 2026 41,015 68,335 23,839 133,189 Carrylng amount Al 31 March 2026 215,325 5,587 5,029 225,921 Al 31 March 2025 220,452 11.133 4,978 236,563 15 Dèbtors 2026 2025 Amounts falllng due wlthln one year.. Trade debtors Other debtors Prepayments and ac¢rued income 13,540 1,694 18,350 71,622 1,091 37,891 33,584 110,604 16 Loans and overdrafts 2026 2025 Bank loans 76,554 99,006 Payable within one year Payable after one year 24,292 52,262 22,452 76,554 The property known as 5-7 The Cross, Forfar, Angus, DD8 OSA has been given a$ se¢urity over the bank loan and the other loan, therefore the lolal amount of secured creditors is £76.554. 24-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 16 Loans and ovgrdrafts Icontlnuedl The ¢harily has two loans due for repayment, a bank loan and an other loan. The terms and condillons ol these loans are as follows.. Bank Loan The interest rate on this loan is 3.750/0 per annum above the base rate of the Bank of England from time 19 lime, provided that if the Bank of England base rate is lower than OOA, the Bank of EngL8nd base rale applicable lo the loan shall be deemed to be OQkn for the period of lime that the rale is lower than OOA. The lerrn ol the loan is 10 years and repaymenls are being made monthly and include capftal and interest. Other Loan The rale of interest on the loan is 80A per annum. The term of this loan 1$ 10 years and repayments are being made monthly and Include capital and interest. 17 Credltors., amounts falllng due within one yoar 2026 2025 Notgs Bank loans other taxation and social security Government grants Trade creditor5 Other creditors Accruals and deferred income 16 24,292 30,431 79,823 8,95S 16,619 55,385 22,452 19 67,075 3,932 11,928 210,631 215,506 327,119 18 Creditors.. amounts falllng due aftor more than ong year 2026 2025 Notes Bank loan 16 52,262 76,554 19 Governmènt grants Deferred in¢ome is included In the financial statements as follows.. 2026 2025 Deferred income is included within.. Current liabilitie8 79,823 67,075 2026 2025 Movements in the year.. Deferred Income al 1 April 2025 Released from previous periods Resources deferred in the year 67.075 167,0751 79,823 67,075 Defeed income al 31 March 2026 79,823 67,075 -25-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 19 Government grants Icontlnuodl In the y&ar there were 3 grants that were invoiced that relate lo post year end monie8 due therefore these have been deferred.. AH & SC 1 sl QLJart&r - strategic of £33,825 12025 - £33,825). AH & SC 1st Quarter C8pa¢ity of £33,250 12025 £33,250) and NHS Breast Buddies 181 Haw of £12,500 112025 £Nill. The remainder of deferred income relates to rent Teceived in advance. 20 Ratlr8m•nt bonefit schomes 2026 2025 Doflned contribution schomes Charge to profil or loss in respect of defined contribution schemes 51,296 45,665 The charity operates a defined conlrfbullon pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 21 Unrestrlctèd fund$ The unrestri¢led funds of the charity comprise the unexpended b8lan¢es of donations and grants whi¢h ar not subject to specific ¢onditions by donors and 9rantors as lo how they rnay be used. These include designated funds which hav& bggn $el aside out of unrestricted funds by the Iruslees for specific purposes. At 1 Aprll 2025 Ineomlng Resources resourc&8 expended Transfors At 31 Mar¢h 2026 Emergency fund General funds 12,000 340,179 12,000 277,874 24,000 38e,217 1226,4301 15,4061 352,179 289,874 1226,4301 15,408) 410,217 Prevlous ygar: At 1 Aprll 2024 Incoming resourc•8 Resources expended Transf•rs At 31 March 2025 Emergency fund General funds 12.000 259,367 12,000 340,179 330,669 1248,7731 11,084} 330,669 271.367 1248,7731 11,084} 352,179 The Iruslees have designated funds lo primarily Gover planned maintenance and any major repairs on the building, specifically the roof. The trustees have agreed that the designated fund can be used for other purposes should there be a material unexpected one-off c051 needing mel. therefore property dilapidation ¢osl$ were offset against designated funds in the prior year. -26-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 22 Rgstrfct&d fund8 The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific condition5 by donors as lo how they may be used. At 1 Aprll 2025 Incoming ro$ourc¥$ Rgsources expendgd Transfgrs At 31 March 2026 Angu5 Council SLA Angus Council - Plant Youth Breast Buddies Angug Council - LEP Employability Stscial Prescribers NHS Charitable Foundation HSCP 3rd Sector Stralegic AHSCP- Development ofApp Afgan Refugees - donation Whole Family Wellbeing Fund Mental Heatth & Wellbeing Fund AHSCP- Energy Support Improving Cancor Journey 49,540 149,55ei 18,4761 125,0001 16 3,317 5,159 25,000 28,393 71,161 128,3931 1355,3771 16,407) 1267,1741 18,0001 317,533 6,407 268,300 33,317 1,126 5,899 379 13,899 379 100.000 1102,0561 2,058 139,725 1,850 385,006 1290,6801 234,051 1,850 54,084 {54,1011 260,568 1,205,870 11,195,220) 5,408 276,622 Prèvious year.. At 1 April 2024 Incomlng resources Re50urc8s expandgd Transfers At 31 March 2025 Angus Council SLA Angus Council SLA- Capital Angus Council - Planet Youth Breast Buddies Angus Council - LEP Employability Social Prescribers HSCP- 3rd Sedor Strategic AHSCP- Development ofApp Afgan Refugees - donation Mental Health & Wellbeing Fund CMHWB AHSCP- Energy Support Improving Cancer Journey 73,225 (73,2251 13,1141 12,8411 121.0001 2,030 1,084 8,000 21,000 5,159 50,000 302,816 268,300 121,6071 1249.983) 1268.3001 110.0001 28,393 71,161 18,328 23,899 379 13,899 379 304,302 1,469 1,850 6,052 324,378 1490,4241 138,256 1,469 1,850 61,156 167,2081 358,309 1,108,875 {1,207,702) 1,084 260,566 27-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 22 Restrlctgd fund8 {Continuedl Angus Council SLA- To fund the development of volunteering in parti¢ular young people, working partnership wllh Angus Council lo create n)ore communily-ba5ed opportunities and Its Specifically run the Friday Nite project in Kirrie. This is in addition to having a strategic role at many Community planning meetings with a vlew Its combatting povorty. BaSt Buddies To lund a post for a brea5t-feeding Coordinator. NHS Charitable Foundation consultancy servlces. Fundlng lo support third sector organisations through the provision of Social Prescribers To fund the cost ol wages for 8 social prescribers through the primary care improvement plan to support GPS practice lo bring about health and SD¢ial change in order lo improve patients, quality of life. Each worker is based in GP pracllces across each locality. HSCP 3rd Sector Strategic- The funding received by VAA form HSCP helps lo develop a new culture of local eare. VAA is a strategic organisalion, which leads on rllany innovations in Health and Social care and help8 establish community engagement activity within localities. These funds are used lo cover the costs of the following.. 4FTE lo¢alily workers, strategic posts", Social enterprise development, learning and development, third sector capacity workers, the Deputy Chief Execvlive supported by admin posts. In addition, VAA having a key strategic role on HSC issu&s and makes an important contribution to the IJB. Our work is central lo building eullural change increasing ¢apa¢ily for preventative work and essential to community anL# health development. AHSCP- Development of Locality App - monies received for research and development Into a leaming app. Afgan Refugee's donation . Funds lo support coordinating support for Afgan refugees. Mental Health & Wellbeing Fund Tts support communily-based initiative5 that promote and develop good mental health and wellbeing. These funds are helcl by VAA to be distributed to other charities. CMHWB - To support initiative that promote and develop mental health and wellbeing in children. Improving Cancer Joumey- Monies received lo employ a specific M¢Millan prescriber. Angu$ Council - Planet Youth Funding lo implement the Planet Youth model in Angus, working wlh young people, families, schogls and communities lo reduce risk-taking behaviours and improve youth wellbeing through dala-led prevention. Angus Councll LEP Employabillly To support employability inilialives in partnership with the Lo¢al Employability Partnership, helping individuals facing barrlers into work. training, or further education through third seclor-led programmes Whole Family Wellbeing Fund - To support a national programme aimed lo redesign how families in Scotland are supported IL7 get the right help al the right time - programme lo award grants to organis81ions up lo value of £25,000 28-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 23 Analy8lB of net assets bgthon fund8 Unrestricted funds 2026 Restrlcted fund5 2026 Total 2026 At 31 March 2026: Tangible assets Current asselsllliabililiesl Long term liabilities 225,921 236,558 152,2621 225,921 513,180 {52,2621 276,622 410,217 276,622 686,839 Unrestricted fund8 2025 Restrict9d funds 2025 Totsl 2025 At 31 March 202S'. Tangible assets Current asselsllliabilitiesl Long term liabilities 233,449 195,284 (76,5541 3,114 257,452 236,563 452,736 17S,5541 352,179 260,5S6 612,745 24 Contingent Liabillty - Penslon The company participates In the scheme, a mulli-employer scheme which provides benefits to some 950 non- associated participating ernployers. The scheme is a defined benefit scheme in the UK but will be treated as a defined contribution scheme for disclosure purposes due lo it not being possible lo obtsin sufficient infomiation lo enable il lo be accounted for as a defined benefit schgme. The s¢heme is sublecl to funding legislallon outllned in the Pensions Act 2004 which came into force tsn 30 December 2005. This. together with clocumenls issued by the Penslons Regulator and Technical Aclu8rrdl Stsndards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension s¢hemes in the UK. The scheme is classified as a 'last-man standing arrangement,. Therefore the company is potentially liable for other participating employers, obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the Scheme. Participating employers are legaSly required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. VAA has been notified by the Pensions Trust of the estimated employer debt on withdrawa1 from the Plan based on the financial position of the Plan al 30 September 2022. As at this dale the estimated employer debt for VAA was £14,513. This is the m051 recent valuation. This figure is calculated on a solvency - 'buy out, valuation which is the slalulory basis for calculating an employe¢s debt on withdrawal. The debt on withdrawal is the withdrawing employer's Share of the difference between the Scheme's assets and the Scheme Acluary's estimate of the amount of an insurance company would charge lo lake on responsibility for paying 811 of the benefits. Due to the nature of the liability and that this would only be due if all employees were lo wilhdrdw this liability has not been recognised in the financial slatemenls. -29-
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 25 Contlngent Ilabllltles Prior lo 31 March 2026, the charity approved grant awards tolaling £355,034 from the Mental Health & Wellbeing Fund. At the repong dale, the awards rernained sublecl to specific conditions that had not been satisfied by the prospective recipients and. accordingly, no legal or conslruclive obligation existed al the year end. The condition5 were satisfied after the reporting date and the grants subsequently became payable. As the charity was not un¢ondilionally commilled lo making the payments al 31 March 2026, no provision or Cfedilor has been re¢ognised within these finan¢ial slal$menls. The trustees consider that these commitments represent potential fvlure expenditure of £355,034. conlingenl upon the saligf8¢tion of the relevant award condltions. 26 Operating lease ¢ommltm•nts Lessee Al the reporting end date the charity had outstanding commitments for future minimurn lease payments under non-cancell8ble operating leases. which fall due as follows., 2026 2025 Wrthin one year 10,201 12,785 27 Related paty transactlons Transactions wlth relat$d partie5 There were no disclosable related party Iransacllons durin9 the year12025- none). 28 Cash gongrated from operafjons 2026 2025 Surpluslldeficill ftsr the year 74,094 176,2331 Adju$tmènt5 for: DepreclatSon and impairment of tsngible fixed assets 12,500 14,348 Movements in worklng ¢apital.. Decreasellincreasel in debtors (Decreasellincrease in creditors Increase in deferred Income 77,020 1126,2011 12,748 183,0421 87,807 67,075 Cash generated from operatlon8 50,161 9,955
VOLUNTARY ACTION ANGUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 29 Analy818 of changes In not funds At 1 Aprll 202S Cash flow8At 31 Alar¢h 2026 Cash al bank and in hand 669.251 25,851 695.102 Loans falling due within one year Loans falling due after more than one year 122.4521 176.5541 11,8401 24,292 124,2921 152,262) 570.245 48,303 618.548 31