OPTIONS IN LIFE scorrisH CHARITABLE INCORPORATED ORGANISATION SCOTTISH CHARITY REGISTERED NUMBER.. SC042319 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 CUNNINGHAM GRANT CHARTERED ACCOUNTANTS OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION Pa Raport of the Trustaès Independent Examine¢s R8port Statement ol Financial Activitiés Stotement ol Fin8ndal Position Note8 to th8 Financtal Statemènts 10-19 CUNNINGHAM GRANT CHARTERED ACCOUNTANTS OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED O JUNE 2024 Tho Trustees p￿Sent their ffjport and financial statements for the year ended 30 June 2024 The financial stalemenis have been prepared In aC￿r￿anCe with the accounting policies set out In nole 1 to the Financial statements and comply wilh the charify's conslilulion. the Charities and Tru$ièe Investment IScot13ndl Act 2005. Ihe Charities Acwunis Iscoiiandl Regulations 2006 las amendeij an(J -A¢couniing and Reporting by Charitie5 Slalefflenl ol RecDmmended Practice applicable to chanties preparing their acrLiunts ID accordance with the Financial Reporting Siandard appli￿￿le In the UK and Republic of I￿10nd IFRS 1021. (as amended for accounting penods comm8n¢ing from 1 January 20191 Oblectlve• and A¢tlvltl8• Charltable purposes Tho eons11tuled purpose of tho Options in Life Charity Is to provide advocacy and Support lo promote education, Indepeniyonce and training In p8rson81, Ille and employability skills and health development for Individuals and supportets ol thos• who havè complèx additional naeds Our chantable purposos extend lo the advancement of e(Ju&qlion. promotion of equality and diversity znd the relief of th059 in nged of respite. I)e￿￿Se of disability Disability Is a core link betwe8n these purposes sumfflary ol the maln actlvltlo• In relatlon to tho•0 obl•ctSvo• IncreayirYJ our cliènt baso Providing and expan¢ing a weekty Recreation PfOgr8mme ol supported Social Inclusion arKJ Team Building 8clivilies lor young adults who havg leaming difficulties and additional support negd6 Running weekly Employability and Skills Devèloprnenl Progr8rnme5 for young adult$ who hove learning diflicultl85 and 8dditional sUPPOrt neaLIs Running weekly Evening classes lo help clevelop life and social skills ané promote In¢J•pend8nco of young adulls who have learning dilficullies and additional guppon n8eds Promotin9 Peer Mentoring and Tgam W0¢￿ir Establishing and maintsining link$ an4 working PArtn&rships wilh other organi¥8lion$ and edvcalional es18b115hmenls Esiablishin9 8 ne￿Ort ef support lor 18milios and rurining family events. Proviéing short iemi respit8 for fami11es 8nd carers Renovation and developrnenl ol our new premi5e3 in Cupar, which wi11 become 8n educatDn c8nir8 and so¢i81 hub lor young people with 8ddilion81 $upport negds. ancj their f8rn11ies an¢ ￿rerS Fundraising Raising awarÈnéss of tsur Organisaiion Hiring Suoport Siafl Tr81ning Suppon staff Recruiting Volunteer8 Tr8Ining Volunteers In undertaking Ih83e activiti8$. the Iru3lees have had regard 10 the guidance Issuecl by the Charity Commlssion on ublie benefit OPTIONS IN LIFE scorrisH CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT R THE YEAFI ENOED 30 JUNE 2024 Achievements and P•rtormanc* summary of lh¢ maln achievements of the charlty during the flnanclal pgrlo Increasing the number of participants taking part In our day and ev8ning projects and programmes for young a(Jults who have autism, leaming disabilities and additional support needs. to help meei demand Supportjng young people wilh learning d15abilities to gain confiijence and self*steem by taking p8rt In challenging and le8rn building activities. Supporting young people with learning di58bililies lo gain Social and communicaiion skills. Menionng people with d15aLiilities 10 5UPPOrt their peers Supporting young adults with learning disabilities lo take part in Wofk exwnence proiecis. to 9ain employability skills Supporting young adults with Èarning disabilities 10 attend training and gain accre(Iitalion Supportin9 young adults with 188rning dis8bililies to gain Independen￿ and life skills by taking part In Inoepenuent Cookery Baking. Foocl Hygiene. Kitchen Health aniy Safety. and Employability courses Suppornng young aoults wilh leamin9 disabilities to gain IT skills Flurining weekly supported cycling group excursions In Tenismuir Forèst. U51ng our own Ikeet of adapted cycles Running the Options In Life Pop Up Café one day a week This Is giving young adults with learning disabili11es a vvork exrerience opportunity In a real working 8nvironrn8nl and offering a sale and welcoming place for our families and metnber5 of the public. lo meet and 50cialise together Thanks 10 grani funding. we have oeen able Ip oftgr a Mol lunch for £1 Tllls has Lwn very much appreciated by local residents. and our families. duiing the cosi-ol-living Crisis, and has maue our café very busy Running an Arts and Craris evening dub In partnefship with the East Nook Studio Eslab115hing new partnership$ with Nature Scotland. Bowbn(Jge Alpacas Scoland, and the rangers at Hopetoun House Continuing 10 work with an(J develop partnership 58rvices with the Tay & Earn Trust. the Murton Trusi. Tayrnara Historic Environment Scotland Five Sist6rs Zoo. Bowbridge Alpacas Fife Voluntary Action East Nook Studio. Fife College, St And￿w5 University Student Voluntary Servi￿, Perth Climbing Centre 4Art5. the Ceres Village Café Dundee Science Ctrnlre. Dun(188 Contemporary Arts. the Royal Zoological Society of S¢olland Water of L81th conse￿ation Trust. Craigloun Country Park. Fife Ecology Centre Lochore Meadows and Ring Farm. Runnir@ family networking and $¢xial evenis Ra151ng £246.315 In grant Income Raising £196.928 frorn our own charitable activrties. and ¢onations OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2024 Achievernents and Performane• ICont..I Our Capital Project Permission for Planning and Change of use for our Education and Soci81 Hub in Cuparwas eventually granted al the end of 2023. and renovation work was able lo begin It 15 tru5traling that new Building Regulations are delaying opening ol the building. but W8 are concentrating on the ongoing work and looking towards opening dur4ng 2025 Ouf Intention Is th81 the centre will open and becorne operational in stages. as each area Is complele On the first tToor- The main office has been decorated and new blinds fitted Wa115 have be8n r8ffl0ved and an open plan kitchenllT classroom area cr8aled Walls have been iernoved lo increase the size of the t011et cubicle5, and new sanitary ware fitted. New flooring has been laid throughout. In th8 basement- New walls have been erected to e￿ate Ihrtre distinct 3Ctivity areas. with kitchen unit5 and quipmenl Inst311ed In the tnain Section New floonng had been purchased and will be laid soon. On the main floor- The Dld banking hall teller area has been clea￿￿ and opene¢ up Wa115 have been rernoved and Feconfigur8d 8t the back of th8 building A Tlew training kitchen with 8 workstations has bé8n Inslalled. Flooring ha$ been laid In the kitchen Funding h85 been secured lo a51ow developrnent ol the Main 8ctsvities are8 and sensory room on the ground floor and to break through tha wall from what will be the main café area to give a¢￿$ lo the first floor from within the building. We recognise the need 10 ensure funding Is In pla￿ for each part of Ihe development of our building whilg ensuring we can continue lo offer our current level of seprfice to our dient5. Flnanclal Review During the year the charity had 3 surplus of £92.09712023- £49.3501 and as at 30 June 2024, had available funds excluding fixed assets of £136.429 12023 £121.8371. Of the available funds £61,302 12023 - £28 4971 was unrestricted and £75. 127 12023- £93.3401 was restricted Re￿1￿1$ from chaniable activities was £193.￿1 12023- £170 0361 The main source of fvnding for the charity was from variou5 grants Dunn9 the year. grants received were £246.31512023- £187.6801 Payments for the y&arwere £J51 41312023 £317.0171 with wage5 of £220.24212023- £194.21)Dl being the main outgoing Golng Cot)c•rn The Irusl8es consider there are no material Un￿rtaIntieS about the chanty's ability 10 continue 8s a going cOn￿rn. Reserve Pollcy The Irusl&85 have resolved lo gradually build reserves up to but noi èxcetrding the Sum of 8 months operabng C051s. subject to the re￿Ipl of Un￿stn￿ed funds OPTIONS IN LIFE scorrisi4 CllARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2024 Ri8k Management The Irusiees navo 3$5eS5ed the maior r15k5 to which Ihe cM8rity Is exposed. In particui8f those reiaieo 10 the operaiions and finances of trye as50Qalion and &re sa115fied thai syslein5 are In place its miligaiÈ ÈxrfiOSUTe 10 these Structure. Governance arld Manag•mgnt Options In Life Is a Scoitlsh Charitablè Itictrrporatèd Or9#nisaiion ISCIOI govgrns(* Dy its (x>nsliiuiiori Tho charity 1$ rn3nageO by its board ol Iru51ee5. whi¢h rneeis on a montaly basis Tru$tee5 are appointso by the rnetnbe￿. The IrLslees S&'ved during the year and up lo the dale of svJnature of the finanGial stslernent$ were .Ili-Rl?i.rs al the AGM All ol th8 iruste8s retire at each AGM bui are eli9ible for re- eleaion The manaoemenl ol the charity Is undertaken by the trustees. all of whoffl are electecj by the ffieinbeis ai the AGM The trusi*s undertako their Ovti¢s on a Ydunt4ry b•$i$ OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 30JUNE 2024 R?foren¢e an(1 AOrnlnl¥tratlve Infonnitlon Tw8t••8 Ch•rlty Numb•r lS¢c*tl•￿dl .%(:Q.12 j1CJ Pilnclp•l Office 27 Irbryne Cregcenl Sl Andrgws Fife KY188LG B•nh•rn Royal Bank ol Scotland St Andrews 113-115 Soulh Slreet KY16 gQR Indopendpnt Examln•r Chartoro¢ AccoLJnianl$ Unit G6 Tho Gram8ry 8u8in888 Contr Co81 Ro¥J Cupar FIFe KY155YQ OPTIONS IP4 LIFE scorrisH CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 3 NE2 Tru8tse6' Respon8ibllltl¢$ In rg1411on IL) lh¢ Flnanclal Statgm8nts The Irtsslee5 are responsiDle for prepariw the frustee$' R&port and the finanual stat￿ents In accordance with appii¢a)le law and Unittrj Kingdorn Accounting Standards Iunited Kingdom Gènèrally Aweptg¢ Acmunting The law applicabÈ 10 Cnaniies In Scotland ￿qUireS the Irusiees lo prepare finar.cial siaiernents for each financial year which gi¥e a true and lair view of the siale ol affair5 Df the charity 8Trd of lh8 Incoming fesources ana 3pplicaiion of resources of the char51y for that year In preparing theso frnancial stai8m&nis. th8 Irustee5 are requir8d lo. Seleci suitable accouniing POlici&s anu Ih8n apply them consi8ièntly', Observe ttte mdnods and prnciples In ine Charities SOFIP Make IL￿geMentS and esiima:es thai aw reasonable arwj prudent Stale whe;neT applicable accounting siandards hawe been lollo¥%e(J suDiè¢i 10 any material departufes Uis-loseo and eAplaine(J In the financial st3terrer)ts. and Piepare Eh& findncial slai8Tn&nis on Ih8 goin9 concérn basis ur*less i11s Inappyoiyi8ie lo pr8sume IfLal tfve Charity will Continue irn OFer3iion The Irusiee$ are respl￿$4b1e lor keeping suffioent accounting record5 Ihal clisdose with reasonaDle accuracy 81 any Iiine the lin8ncial go$ition of Ine chaiily and enaDie them to ensure that the financial 51aiernenis comply with the Chantie5 and Trustee In¥esimenl Iscoiiandl Aci 2005, the Charit￿5 Accounts (Scotlandl Regulations 201 las amended) and the piovision$ of thet trust de&d They are also respon51bl8 for safeguarding the assets Df the charity and he￿￿ lor tokir'g reasonable sieps for Ihp prevaniion J8teclion ol fraud and other Irre9ulafiiies Iheir bèhalf OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATEO ORGANISATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPTIONS IN LIFE I roport on th• accounts ol the Cttarily lor the ygar end8d 30 Jung 2024 which are sel out on pages 8 10 15 RESPECTIVE FIESPONSIBILITIES OF THE TRUSTEES AND fHE EXAMINER The charity's trustees are responsible for prepar4ng the financial statement5 In accordance with the lerrns of the CIT8r11￿5 and Trustee Inv851rvenl (Scotlandl A¢1 2005 and the Charilies Accounis lsrullandl Rp9tslalions ?()06 la5 amoiic16dl The Charity trustees considef Ihai Ile aud11 requirernent ol regulzlion 1011 Ilal lo Ic,, of Ihe Charilie5 Account5 regiilalion5 do8s nol apply 11 Is I￿Y r$sponsit>ilily io oxaminEt Ihe a¢counis as TOqiJired u[￿8[ s$ction 4411 Ilcl of the Acl and to Slate whether partieuSar matters have c4me to my ￿ention This report Is In8dE 10 tho Irusièes as a In occordance wilh the lemis of my engagemenl My worft has been undertaken so thai I mighl Stalo 10 th& Irusiees Ihose rnatter$ l arn requiroo 10 state to Ihem In an Indep8ndenl 8xarninaf'S report 8nd for no Other puipose To the fullesl exieni permiiied by law I do noi accept or assumtr rnsp)nsibilty 10 anyone Other than Ihe Charity •nd Ihe tr115te8s for my work or for doing this report BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination Is carried out In accoraance with Regulation 11 of the Charilifss Awounls (Scollandl Regulations 2006 An examination Induc183 a review oftre accounling recor¢J3 k8pt by the Chariiy and a comp8n$on ol Ihp. ar.couni$ pro$&nlod tho8& rer.ord$ 11 also Incliides conslrter¥iion ol ony iinusukl Iiems or d18¢1051Jre￿ in th& accourtts ènd seeks eyplanalions trom the liustees GOn￿rning any such rnaiiers The procedures undertaken do not provide all Iho &vid8nc& I￿al would b8 required In 8n al￿11. and cx)ns8qLJonti¥ I do noi •xpr•ss an aijclil opinion on th8 view givon by Ihe accounts INDEPENDENT EXAMINEFI'S STA TEMENTS In cours• of my a*arnin8t￿n, no matter h89 C¢)rn8 io rny attention Wnich gives m• reasonable c8us6 to believe th81 In any mal8fi81 respect Iho r8qU11emanl$ •) To keèrj actobnling records In accordancè wilh Section 4411 Ila) tsf the 2005 Act and Regulation 4 01 thg 200e A¢counl& Re9ulalions las amentlqdl. and bl To prepara accounts which accord with the accountinq record5 and comply with regulaiitsn a ol Ihe 2008 Aceounts R8gLilalion6 ias amènd•dl hav8 rt01)a*n m•t or To which In my OPlnlOD. allenlion should be dr8wn In Dr0er lo en8blt S Pfotwr undetstgnding olthtr &c￿￿nIS to be reochèd Cliailerecj Accouiit8nt5 Unil G6. The GIBnary Busin$5s C¢ntro Coal Road CuD8f Fire KY1S 5YO Dole OPTIONS IN LIFE SCOTTISH CHARITA8LE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED NE Unrestricted Re51ricle Funds Funds 2024 2024 Total Funds 2024 Unreslrided Resiricted FLknd5 Funds 2023 2023 Toi81 Fun¢s 2023 OME FROM. Don81ions Granls Receipt5 from charitable activities Investments 2,967 2967 246.315 246.315 193961 267 8,548 8.548 187 680 170036 103 187680 193.961 267 170.036 103 TA 197, 195 246.315 443,510 178,687 187.680 366 367 EXPENDIT RE Chanlable activities 171,464 179.949 351.413 162.744 15d.273 317 017 L EXPENDITURE 171.464 179.949 351413 162.744 154 273 317 017 TIN THE YEAR 25.731 92,097 15.943 33.407 49 350 Transfer tretr￿n funds 4,635 14.6351 14.2571 4257 TIN R THE YEAR 61.731 92.097 11.686 37.fA4 49 350 TOTAL FUNDS 8ROUGHT F RWAR 62.770 302,792 365,562 51.084 65 128 316 212 TOTAL FUNDS ARRIE FORWAR 93.136 364 523 457.659 62.770 302 792 365 562 Al Incomin9 resources and resources expended derive frorn continuing activities The slalemenl of fin8n¢ial activities Includes all gains and losses recogn15ed in the year The notes on pages1101 to1191 lorrn part of these financial statements OPTIONS IN LIFe SCOTTISH CHARITA8LE INCORPORATED ORGANISATION BALANCE SHEET AT 2024 2023 FIXED ASs￿ls T8ngibl6 assets 321.230 243.725 RR NT Stock Det)Inrs Cash 81 bank and In 300 31.186 115,666 33.636 101.937 147 152 135.573 . arnoun18 due wlttin year 70.723 13.736 136.429 121.837 TOTAL NET A ET 457.659 385.562 Reslricithy lund8 Unrestricted funds 364 523 93.138 302.792 82.770 457,659 365.562 knAfvriol alu+amonl• w•r• AnnrnvAA TriJ•+uM ?f TIE ntrtes on page51101 to1191 lortn part ol these fin8ncial 5ta18menis OPTIONS IN LIFE SCOTT15H CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 301UNE 2024 111 ACCOUNTING POLICIES G8neral Inforrnatson & Basis of Accounting The charity Is a Scottish charitab￿ Incorporated Organisation with Ils registered add￿$$ ai 27 Irvine Crescent St And￿￿5. Fife KY16 8LG The Iin8ncial siaiemenis have b&en p￿pared in accordan￿ with Accounting and Reporting by Chaiilies Statement ol Recornmended piaclice applicable to chaiilies prepanng Iheif accounts In accordance w1th the Financial Reporting Standard applicable In the UK and Republic ol Iieland IFRS 1021 leffectlV6 1 January 2019) Icharilies SORP IFRS1021, the Financial Reporting stsntJar(J applicable In the UK and Republic of Ireland IFRS 1021 The financial statements have been prepared undef Ihe historical Cost convenoon There v4ere no material departure$ trorn that stan4ard The financial stsiemenls are presented in sterling which Is the functional currency of the company and are rotsnded to the nearest £1 The chanty constitutes a public benefit &ntty a$ define(I by FRS 102 The $1gnilicant accouTrt￿ng poliC￿S applied In the preparation of these financial $taiements are sei out below These policies have been consistently applied to ali y8ar5 presen18d kSnless otherwise shown Going Concer The Tru51ee5 are satisfied that the Trust ha5 adequate unre51ricled re50urixs lo continue In aper31ional existence for the foreseeable futur& Thus. the Iru5t8es continue to adopt the going concern tsasis of accounting In PTeparing the financial $131efflen15 The Tru5tee5 have considered a period of 12 months fvoffl the dale ol appioval ol the financi8151atetnents Disclosure Exemptions The chanty sat15fie5 the cnteria of being a qu81ifying entity as defined In SORP FRS 102 Update Bulletin 1 A5 such. advantage ha5 been taken ol the following disclosure ememptsons No cash flow st21emenl has been presentecj for the charitsble company. Fund Accounting Uniesiricied fun(55 are availab* for use al the discretion of the Irust88s In furtheran￿ of their charitable objectives Unre$iri¢ied funds Included designaied funds where Ihe Trustees. at their di$¢￿tion. have createa a fund for a specific purpose Re$iri¢ied funds arè subject to specific conditions by donors as to how they may De u$eu Further explanation of the nature and purpose of each fund Is Included In the noies to the financi81 statemenis io OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDE0301UNE 2024 111 ACCOUNTING POLICIES Icontinuedl Incoming R8sourc8S Income 15 recognised in the accounis when the charrty 15 legally entitled to the fund8. any performance ndilions bgen mei. thè amounts can b• m6asur•d r6118bly, and it Is probable that 1ncome will be r8ceived Cash donaiions are recognisod on receipt Other ¢Jonations aw r•co9nis8d once the charity h8$ notified ol the ¢Yonalion, unless performanc* conditions require deferral of the arnounl Inc0rn8 lax recoverable In relaiion lo donaiions received under Gift Ai¢J or daeds of covtnani Is roGognisèd at th8 Iimg of the Iyonalion Ravènuè grants ar• cr8diled lo th• ineom# and e¥ptsndilur* aecount In the pgri¢*J to whith they re18te Capital gfanls are recognised In the Stalemenl ol FinancAal Activities as a r•str*tèd fund whèn Ih*y ar• r8¢eivable using the "perfomance model" In accordance with the SORP. The fund5 will b8 r8ducgd ovgr Ihe uselul economic life of the assei In line with Ils deprecial￿n Expènditurè ENpeThYilure. IndurJ1n9 9rants In th• form ol support and gifts 10 Individuals ¢hanl8ble In8litulionB, IJ accounted lor on an accruals ba81$ and has b&on clas8ili•d undèr heading5 Ih¥l aggregate 811 costs related 10 Iho caiogtsry Expenditure Includes any VAT which cannot be fully recov6rod, and 18 r8port8d 88 Part ofthe expendilur? lo which Il ro131eg Charitable expenditure r￿priseS Iho¥e costs Incurred by the charity In the delivery of It$ activities and serwices for 1ts benefirAarie5 It include5 bolh ¢03ls that can be allocated tjireclly lo such activitr•s and Ih05e costs of an Indirect nature nece&8ary lo $upport them Govemance costs Includ¢ thgge Inwrred In the 9overn8nce of the chanty and Its a￿at3 and &r• priman 0•30cialed wilh conslilution¥l and $talutory requlrernenlg. T8ngibl? Fixed Asset8 Tgngible fixed assets afe staled al c05t lor deemed costl less accumulaied dep￿Clot10￿ and accumu18t6d Impairment 10959$. Cost Includes ￿$ts directly attributable lo making the asset capable of operating as Intended Depreciation has be8n provide¢J on all tangible fi¥ed asset5 81 Tales calculgled to write off the cost. less estimated residual value. of aach a89&1 on a sysiern8tic basis ovar Ils exp8Ct•d uselul Ille as follows Land & Buildings Plani and Eouipmgnt Moior vèhiclès 2% siraighl line 20*0 siraighl line 25% raduong ba18nce Cash and Cash equivalents Cash and cash equivalents are basi¢ finanoal Instrurnen15 which Include rash In hand, deposi1$ held at Gall with banks. other Short-lenn 11ouiIY 1nve$tmenls with original malunties of three months or less. and bank over(Jrafts Bank ovgrdrafts are shown within borrowings In curfenl1iabilitie5. li OPTIONS IN LIFE scorrisH CHARITA8LE INCORPORATEO ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 301UNE 2024 111 ACCOUNTING POLICIES Iconlinuadl Fin8n¢ial Instruments Basi¢ financial assets Basie Iinanrjal assets. which Include debtors and cash and bank balances a￿ Initially measured at Iransaction price Inclu(ting transaciion costs and are subsequenoy carried 31 amortised o)5t using the effective Inte￿$1 method unless the arrangement consiilules a financing Iransa¢iion where the transaction Is measured at the present value ol the future receipts tliscounied ai a tnarket rale of Interest Financial assets classified as receivable within one year are amortised 8asic financial Iiabilitie5, Including creditors and bank loans. ar8 initially recognised ai 1r8nsaclion pn unless the arrangement Constilutes a financing transaction where the debt Ill51rurnent 15 measure(J al present v81ue of the futuro payments discounted ai a market rate ol Interest Financial Iiabililies classifie as p8y8ble Wllhin one year are noi arnortised Debt Instruments are subsequently carr￿d at 8rnOrti$ed ￿$t using the effective Interest fate tnetnod Tra¢e cieditors are obligations to pay for goods or Services that have been acquirecj In Ihe Ofdinary course ol operation5 from suppliers Amounts payable ao cla551fied as currEnl liabilities If payment Is dije within one year or less If not they 8re presented as nor)-currenl Iiabililies Trade creditors are recognised Initially at Iiansaclion pnce an(1 subsequently fflea5ured at amortised cost using Ihe effective Inieresl rnetho¢ Taxabon The charity Is exernpl trom corporation tax on its charitsble actlvllies The charify 1$ not registered for VAT and resources expende¢ therefore Include Irrecoverable 1ftp￿ VAT Employee Benefits When efnpIDyees have rendered 5erwc8 to th8 company, short-terTll employee tenefils lo which tme empioy&s are entitled are recognised al the undiscoufited amount expected lo be paid In exchaiTrge lor that 58rvice Pen$h)n Cosis The company operate5 a defined conlnbution pension scheme The pension eharge repre5enls thè amount5 payable by the cofflpany lo the fund In respect of the yoar Govemmenl Grants Revenue grants are recogniseJ In profit and IOS5 In Ihtr year In which they are receiveo Cgpitai grants received are Ireated as delerr8d credit5 and credited to profit and 1055 account over the eslirrate(J useful life ol the relevant fixed as5et5 12 OPTIONS IN LIFE SCOTFISH CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 111 ACCOUNTING POLICIES (continL￿1) Critic81 Accounting Eslimalès and Judgemants In the applicalion of the company s accounting policies, Ihe directors are requiied io mak• iu¢Jg8menis. estimat*S and a55UmPtIOn5 at)oul Ihe carrying amounts of assets an(1 118bilities lttat are not ffjadily apparent from tsther 50urc85 Tho esiimal•s and associated assumptions ar8 b05e(l on historical eXper￿nCE and other factors thai are considered lo bo felevanl Actual results may differ Irorn the5¢ 891imales The e$limales and un(Jerlying 888umption5 are revis￿d on an ongoing basis R8visions to accounting estimstes are recognised In the penod In which the eslirnate 1$ rev15ed wh&re the rev1510n affects only th81 peTho¢J. or In the period of the revision and luluffj p8rio(Js where the r8W810n affects both current an(1 lulure perional Lottery Herrtage Fund Bank of ScolLqnd Foundation Gannochy Trusi N81 Lottery CtrTnrnunity Fund Award for Al Nai Loiiery Community Fund Improvpn9 LNes Robertson Trust Si Andrews Community Tru$1 Impaa FUl*￿g Volunteering Support Funo FVA- CommunilEs Mental Heatth 8nd Wellbeing FVA- Wafm Spacès FVA- Ovr Min(Is Matter Thomas W811 Trust 881ty Thomas UK Youth Fu CLD Digiièl Device Fund Communily Food PrOV￿er NorihwooJ Charrtab* Tiusi Oyiial Panicipaiion Charter Fund Rural Frfe Development Fund Sco1115h Chih#ren's Lottsry Youth Action File Gr#ni Cycling UK Grant Communrty Chest Fund for Carer5 Archileclural Meriiage Fund Grant Lotal Comtnunily Pkinnin9 Budget ScreNrfix Grani The Wotson Found8iK)n 22.158 1000 21 504 10000 36 750 18400 16,004 16004 35.000 17600 4.000 6.500 13.200 35,000 17600 4.000 8.5 13.200 13.000 10.993 2500 8555 5.000 2000 20.000 10820 5.000 5.000 5.OCQ 20.000 20 000 10,000 10.000 8.420 3.625 2,000 13,908 10.000 6.265 10,000 5.000 49,793 100CIO 10.000 8.420 3.829 2.000 13.908 10,ODQ 6.265 10.000 5.000 49 793 246315 246315 187680 For Ihe year ended 30 Jur* 2023 Unresiricte(S funds Reslrrted funds 187680 187.680 14 OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED O JUNE 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Fund5 2024 Total Funds 2023 151 1NCOME FROM CHARITABLE ACTIVITIES A¢livily progr8rnmes charge Calè Income 187,546 6.415 187.546 6.415 180.764 9.272 193,961 193.961 170.036 181 IWESTMENT 1NCOME Bank int*•Sl rwivable 267 267 103 171 COSTS OF CHARITABLE ACTIVITIES Wages Employers pension contriDUtions Projects and prograrnme 8Ctivilies Consiilling commission Calé e¥penses He81 an(J Light Rates Propariy renov8tion&m8int8n3nce Minibus h1re Gioups, transport cosls Sl8fl Iravel expenses Minibus storage Clothing Telephone Training Slalionery and softwar• M15cellaneous Bank charges Insurance Indepenoenl examiner lees (see note 81 8ad debts recovered Depreciation Gain on sale 80,973 2.898 13,447 24,640 2.650 3,555 2,2S2 247 219 17,398 109 720 221 2,474 534 2.041 1.598 446 2,288 2.141 1.171 10,430 I1,0￿} 136,371 217.344 2.898 36.462 24.640 191,747 2.453 33.602 24 394 12,678 2.638 2.295 2.222 696 15,617 1.068 720 23,015 4,461 3.555 2.262 247 219 17.398 293 720 221 2.474 1.433 2.041 1.598 448 2.288 2.141 1.171 25.449 11.0001 1.621 899 2.580 2.218 506 1.349 2.216 1751 15,319 15,019 171,464 179.949 351 413 317,017 For the year ended 30 June 2023 Unrestricted lunds Restricted funds 162.744 154273 317.017 OPTIONS IN LIFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED NE 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 181 INDEPENDENT EXAMINER'S REMUNERATION Indepenaeni examinef's lee Payroll and software training costs 938 1.203 938 1203 890 1.326 2,141 2.141 2.216 191 STAFF COSTS Wa9es and salaries Efflployer pension contributions 80,973 2898 136,371 217.344 2.898 191 747 2453 83.871 136.371 220.242 194200 Total Number Total Number 2023 2024 The average numbers of employees during the year wa5 as fDIIows. Suppm Staff 14 No employ88S earned in 8xcess of £60.000 dunng the year. Mary Scoll was the only Trustee who received remuneration dunng the year, however no remuneration was feceiva ln respect of dulles as a Trustee No Tru51ees re￿Ved reimbu15emenl of experises ijuring ltte year The key managemeni personnel of the charity Is Mary Scott The tol21 benefi15 of Ihe key management personnd ol the charity was £29.95812023 - £29,328) The charity has a workplace pension $ch￿e In place with NEST in compliance with the Pw510n Act 2LX)8. 16 OPTIONS IN LIFE scorrisH CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS TH AR Land & Buildings Motor Vehicles Equipment Total 1101 TANGI8LE FIXED ASSETS As a130 June 2023 217.865 583 53,875 329,930 Additions Disposals 46,285 58 869 12.3501 102.954 12.3501 As ai 30 Junts 2024 284. 150 58.39) 107,994 430.534 As al 30 June 2023 8,413 43.983 88.205 ChargÈ for ytrar Oi$po$als 5,283 6148 14.020 12.3501 25.449 12,3501 As al 30 June 2024 13.6&S 39,955 55.653 109.304 As al 30 June 2Q24 250,454 18 435 52.341 321.230 As al 30 J¢Jne 2023 209,452 24.581 9.692 243.725 2024 2023 1111 DEB TORS Trade debiors Oihef debtors 29,811 1.375 2.892 31,188 33,636 1121 CREDITORS - amounis due within one year Accrua15 Other taxes swal security 10,723 13,736 10,723 13.736 17 OPTIONS IN LIFE scorrisH CHAFIITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS R TH NE Unresirictecj Funds R&slricted Funds Total Fun¢s 1131 ANALYSIS OF NET ASSETS Fund balan￿$ ai 30 June 2024 Tangiole fixed assets Current assetsllliabilit￿e5I 31.834 61.302 289 396 75.127 321 230 136.429 Totsl 93.136 364.523 457 659 Furnd balances 3t 30 June 2023 Tangible fixa assets Curfeni assetsllliabilitiesl 34.273 28,497 209.452 93 340 243.725 121 837 Tot81 62.770 302.792 365.562 At 01 0723 Incoming resources Oul9oing resources Al 30(b24 Transfers 1141 MOVEMENT IN FUNDS Unrestricted lunds General fLJn¢ 62,770 197 195 1171.4641 4.635 93 136 Restricted fkjnds Propwty fund 209.452 15.2831 46.285 250.454 Programmes & proiects fund 83.340 151.349 1164 $621 70 127 Propty renovation 10.(MJO 71.058 176.0581 Adapted Cyding Fund 13,908 13,0761 10 832 Eouipment fund 10.000 17,0281 25.138 28.110 302.792 246,315 1179,9491 14.6351 364 523 18 OPTIONS IN UFE SCOTTISH CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END NE2 At 01 07.22 Incoming resources Oulg¢ing resources Al Tran5fer5 Unrestricted funds General fund 51.084 178,887 1162,7d41 14 2571 62.770 Restricted fund8 Propety fund 198.732 14,3571 15.077 209.452 Programmes & projects lund 66.396 186 860 11499161 83 340 Propwty renovaiion 10.LI)O 10.QJO Digital equiprnenl luncl 10.820 110.8201 265, 128 187 660 1154 2731 4.257 302.792