**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
SCOTTISH CHARITY REGISTERED NUMBER:
**SC042319**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
CUNNINGHAM GRANT CHARTERED ACCOUNTANTS
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
|Contents
Report of the Trustees
Independent Examiner’s Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Statements|Page
1 – 6
7
8
9
10 – 19|
|---|---|
CUNNINGHAM GRANT CHARTERED ACCOUNTANTS
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).
## **Objectives and Activities**
## **Charitable purposes**
The constituted purpose of the Options in Life charity is to provide advocacy and support to promote education, independence and training in personal, life and employability skills and health development for individuals and supporters of those who have complex additional needs. Our charitable purposes extend to the advancement of education, promotion of equality and diversity and the relief of those in need of respite, because of disability. Disability is a core link between these purposes.
## **Summary of the main activities in relation to these objectives**
- Increasing our client base
- Providing and expanding our weekly Recreation Programme of supported Social Inclusion and Team Building activities for young adults who have learning difficulties and additional support needs.
- Running weekly Employability and Skills Development Programmes for young adults who have learning difficulties and additional support needs.
- Running weekly Evening classes to help develop life and social skills and promote independence of young adults who have learning difficulties and additional support needs.
- Promoting Peer Mentoring and Team Working.
- Establishing and maintaining links and working partnerships with other organisations and educational establishments.
- Establishing a network of support for families and running family events.
- Providing short term respite for families and carers.
- Ongoing renovation and development of our premises in the centre of Cupar, which will become an education centre and social hub for young people with additional support needs, and their families and carers.
- Fundraising
- Raising awareness of our Organisation
- Training Support staff
- Recruiting Volunteers
- Training Volunteers
In undertaking these activities, the trustees have had regard to the guidance issued by the Charity Commission on public benefit.
1
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
## **Achievements and Performance**
## **Summary of the main achievements of the charity during the financial period**
- Increasing the number of participants taking part in our day and evening projects and programmes for young adults who have autism, learning disabilities and additional support needs, to help meet demand.
- Supporting young people with learning disabilities to gain confidence and self-esteem by taking part in challenging and team building activities.
- Supporting young people with learning disabilities to gain social and communication skills.
- Mentoring people with disabilities to support their peers.
- Supporting young adults with learning disabilities to progress into volunteering roles.
- Supporting young adults with learning disabilities to take part in work experience projects, to gain employability skills.
- Supporting young adults with learning disabilities to attend training and gain accreditation.
- Supporting young adults with learning disabilities to gain independence and life skills by taking part in Independent Cookery, Baking, Food Hygiene, Kitchen Health and Safety, and Employability courses.
- Supporting young adults with learning disabilities to gain IT skills.
- Running weekly supported cycling group excursions in Tentsmuir Forest, using our own fleet of adapted cycles.
- Running the Options In Life Pop Up Café one day a week. This is giving young adults with learning disabilities a work experience opportunity in a real working environment and offering a safe and welcoming place for our families, and members of the public, to meet and socialise together. Thanks to grant funding, we have been able to offer a hot lunch for £1 over the winter period. This has been very much appreciated by local residents, and our families, during the cost-of-living crisis, and has made our café very busy.
- Running an Arts and Crafts evening club in partnership with the East Nook Studio
- Running an animated movie course in partnership with Dundee Contemporary Arts, where young adults with learning disabilities set their own theme of Climate Control, and designed and created every aspect of the movie. The movie was a huge success, was premiered in the DCA cinema, and is now being shown in local climate cafes.
- Establishing new partnerships with Dundee Contemporary Arts, Pilgrim Care, Glenwood High School and All Aboard Barge Cruises
- Continuing to work with, and developing partnership services with, the Tay & Earn Trust, the Murton Trust, Taymara, Historic Environment Scotland, Five Sisters Zoo, Bowbridge Alpacas, Fife Voluntary Action, East Nook Studio, Fife College, St Andrews University Student Voluntary Service, Perth Climbing Centre, 4Arts, the Ceres Village Café, Dundee Science Centre, Dundee Contemporary Arts, the Royal Zoological Society of Scotland, Water of Leith Conservation Trust, Craigtoun Country Park, Fife Ecology Centre, Lochore Meadows, Ring Farm, Nature Scotland and Hopetoun House rangers.
- Running family networking and social events
- We are very proud to announce that Options In Life was approached by the Lord Lieutenant of Fife and invited to apply for the Kings Award for Voluntary Service. The award is bestowed on organisations that are truly outstanding and make a big difference to their local community. Equivalent to an MBE, KAVS is the highest Award given to local voluntary organisations in the UK. After a scrupulous assessment exercise, the Lord Lieutenant has nominated Options In Life for the award, for exemplary service.
- Raising £254,891 in grant income.
- Raising £223,634 from our own charitable activities, and donations.
2
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
## **Achievements and Performance (Cont..)**
## **Our Capital Project**
- Renovation work to the premises in the centre of Cupar, which will house our Education and Social hub, is ongoing but has proved more problematic than we initially anticipated. New Building Regulations, in particular the need for another fire exit at the rear of the building has meant our use of the building is still limited and this continues to cause frustration. We had a major issue with water ingress from the roof which has taken time to locate and remedy and some of the work carried out - particularly decoration in the upper floor and basement will need to be redone before we can use these areas.
- On the first floor –
- The main office has been decorated and new blinds fitted.
- Walls have been removed and an open plan kitchen/IT classroom area created.
- Walls have been removed to increase the size of the toilet cubicles, and new sanitary ware fitted.
- New flooring has been laid in these areas.
-
- On the ground floor –
- Walls have been removed and reconfigured at the back of the building.
- A new training kitchen with 8 workstations has been installed and flooring laid.
- Original banking teller area has been cleared.
- Original offices have been demolished and opened up to create a large activities area.
- New flooring has been purchased, and will be laid soon.
- Sensory room has been constructed.
- Three new toilet cubicles have been constructed.
- Wall has been demolished between what will become the main café area, giving access to the first floor from within building.
-
- In the basement –
- New walls have been erected to create three distinct activity areas, with kitchen units and equipment installed in the main section.
- New flooring had been purchased, but has not yet been laid due to an issue with damp.
- We recognise the need to ensure funding is in place for each part of the development of our building while ensuring we can continue to offer our current level of service to our clients.
- We are currently working with the architect to submit building warrant applications for the remainder of the work in the building which will then be able to proceed as funding becomes available.
- The spending in relation to the renovation works is reflected in Land and Buildings additions.
## **Financial Review**
During the year the charity had a surplus of £101,072 (2024 - £92,097) and as at 30 June 2025, had available funds excluding fixed assets of £188,552 (2024 - £136,429). Of the available funds £106,332 (2024 - £61,302) was unrestricted and £82,220 (2024 - £75,127) was restricted.
Receipts from charitable activities was £217,105 (2024 - £193,961). The main source of funding for the charity was from various grants. During the year, grants received were £254,891 (2024 - £246,315). Payments for the year were £377,624 (2024 - £351,413) with wages of £235,608 (2024 - £220,242) being the main outgoing.
## **Going Concern**
The trustees consider there are no material uncertainties about the charity's ability to continue as a going concern.
## **Reserve Policy**
The trustees have resolved to gradually build reserves up to but not exceeding the sum of 6 months operating costs, subject to the receipt of unrestricted funds.
3
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
## **Risk Management**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the association, and are satisfied that systems are in place to mitigate exposure to these.
## **Structure, Governance and Management**
Options in Life is a Scottish Charitable Incorporated Organisation (SCIO) governed by its constitution. The charity is managed by its board of trustees, which meets on a monthly basis. Trustees are appointed by the members.
The trustees who served during the year and up to the date of signature of the financial statements were:
Jim Blyth Chairperson Lesley Pringle Treasurer Catriona Reidpath Secretary Mary Scott Henry Knowles Jacqui Black Alana Peden (resigned 13/11/2025)
Trustees are appointed by the members at the AGM. All of the trustees retire at each AGM but are eligible for reelection.
The management of the charity is undertaken by the trustees, all of whom are elected by the members at the AGM.
The trustees undertake their duties on a voluntary basis.
4
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
## **Reference and Administrative Information**
|**Trustees**|Jim Blyth|Chairperson|
|---|---|---|
||Lesley Pringle|Treasurer|
||Catriona Reidpath|Secretary|
||Mary Scott||
||Henry Knowles||
||Jacqui Black||
||Alana Peden|(resigned 13/11/2025)|
|**Charity Number (Scotland)**|SC042319||
|**Principal Office**|27 Irvine Crescent||
||St Andrews||
||Fife||
||KY16 8LG||
|**Bankers**|Royal Bank of Scotland||
||St Andrews||
||113-115 South Street||
||KY16 9QB||
|**Independent Examiner**|Barry Grant CA||
||Cunningham Grant||
||Chartered Accountants||
||Unit G6, The Granary|Business Centre|
||Coal Road||
||Cupar||
||Fife||
||KY15 5YQ||
5
SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## **OPTIONS IN LIFE**
## TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
## **Trustees’ Responsibilities in relation to the Financial Statements**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees on 23/03/2026 and signed on their behalf
**Mary Scott** TRUSTEE
6
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF OPTIONS IN LIFE
I report on the accounts of the charity for the year ended 30 June 2025 which are set out on pages 8 to 19.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The charity’s trustees are responsible for preparing the financial statements in accordance with the terms of the Charities and Trustee investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity trustees consider that the audit requirement of regulation 10(1)(a) to (c) of the Charities Accounts regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
This report is made to the trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the trustees for my work or for doing this report.
## BASIS OF INDEPENDENT EXAMINER’S STATEMENT
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## INDEPENDENT EXAMINER’S STATEMENTS
In the course of my examination, no matter has come to my attention
1. Which gives me reasonable cause to believe that in any material respect the requirements: a) To keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
- b) To prepare accounts which accord with the accounting records and comply with regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Barry Grant CA Cunningham Grant Chartered Accountants Unit G6, The Granary Business Centre Coal Road Cupar Fife KY15 5YQ
Date: 23/03/2026
7
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
|INCOME FROM:
Donations
Grants
Receipts from charitable activities
Investments
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
TOTAL EXPENDITURE
NET INCOME FOR THE YEAR
Transfer between funds
NET INCOME FOR THE YEAR
TOTAL FUNDS BROUGHT FORWARD|Notes
[3]
[4]
[5]
[6]
[7]|Unrestricted
Restricted
Total
Funds
Funds
Funds
2025
2025
2025
£
£
£
6,529
-
6,529
-
254,891
254,891
217,105
-
217,105
171
-
171
223,805
254,891
478,696
163,181
214,443
377,624
163,181
214,443
377,624
60,624
40,448
101,072
(21,486)
21,486
-
39,138
61,934
101,072
93,136
364,523
457,659
132,274
426,457
558,731|Unrestricted
Restricted
Total
Funds
Funds
Funds
2024
2024
2024
£
£
£
2,967
-
2,967
-
246,315
246,315
193,961
-
193,961
267
-
267
197,195
246,315
443,510
171,464
179,949
351,413
171,464
179,949
351,413
25,731
66,366
92,097
4,635
(4,635)
-
30,366
61,731
92,097
62,770
302,792
365,562
93,136
364,523
457,659|
|---|---|---|---|
|TOTAL FUNDS CARRIED FORWARD||||
All incoming resources and resources expended derive from continuing activities.
The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages [10] to [19] form part of these financial statements.
8
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## BALANCE SHEET AS AT 30 JUNE 2025
|FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand
CREDITORS
- amounts due within one year
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS OF THE CHARITY
Restricted funds
Unrestricted funds|Notes
[10]
[11]
[12]
[14]
[14]|2025
£
370,179
480
28,343
187,612
216,435
27,883
188,552
558,731
426,457
132,274
558,731|2024
£
321,230
300
31,186
115,666
147,152
10,723
136,429
457,659
364,523
93,136
457,659|
|---|---|---|---|
The financial statements were approved by the Trustees on 23/03/2026
Mary Scott TRUSTEE
Lesley Pringle TREASURER
The notes on pages [10] to [19] form part of these financial statements.
9
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
## [1] ACCOUNTING POLICIES
General Information & Basis of Accounting
The charity is a Scottish Charitable Incorporated Organisation with its registered address at 27 Irvine Crescent, St Andrews, Fife, KY16 8LG
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1.
The charity constitutes a public benefit entity as defined by FRS 102.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.
Going Concern
The Trustees are satisfied that the Trust has adequate unrestricted resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. The Trustees have considered a period of 12 months from the date of approval of the financial statements.
Disclosure Exemptions
The charity satisfies the criteria of being a qualifying entity as defined in SORP FRS 102 Update Bulletin 1. As such, advantage has been taken of the following disclosure exemptions: No cash flow statement has been presented for the charitable company.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Unrestricted funds included designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.
Restricted funds are subject to specific conditions by donors as to how they may be used. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
10
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
## [1] ACCOUNTING POLICIES (continued)
Incoming Resources
Income is recognised in the accounts when the charity is legally entitled to the funds, any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Revenue grants are credited to the income and expenditure account in the period to which they relate.
Capital grants are recognised in the Statement of Financial Activities as a restricted fund when they are receivable using the “performance model” in accordance with the SORP. The funds will be reduced over the useful economic life of the asset in line with its depreciation.
## Expenditure
Expenditure, including grants in the form of support and gifts to individuals and charitable institutions, is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
Tangible Fixed Assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Land & Buildings 2% straight line Plant and Equipment 20% straight line Motor vehicles 25% reducing balance
Cash and Cash equivalents
Cash and cash equivalents are basic financial instruments which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
11
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
## [1] ACCOUNTING POLICIES (continued)
## Financial Instruments
## Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations 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-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## Taxation
The charity is exempt from corporation tax on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
## Employee Benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
## Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
## Government Grants
Revenue grants are recognised in profit and loss in the year in which they are received. Capital grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets.
12
**OPTIONS IN LIFE** SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- [1] ACCOUNTING POLICIES (continued)
Critical Accounting Estimates and Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
13
SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## **OPTIONS IN LIFE**
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
## [2] RELATED PARTY TRANSACTIONS
Services of £16,720 (2024 - £24,640) were paid MarcScott Consulting Ltd during the year, a company owned by Rory Scott, who is the son of Mary Scott ,a trustee.
|[3]
DONATIONS
Donations
[4]
GRANTS RECEIVED
Architectural Heritage Fund Grant
Community Chest Fund for Carers
Cycling UK Grant
Digital Participation Charter Fund
Digitay Grant
Fife Health Charity
Fife Rural Development Fund
FVA - Communities Mental Health and Wellbeing
Gannochy Trust
Garfield Weston
Impact Funding - Volunteering Support Fund
Local Community Planning Budget
Nat. Lottery Community Fund Awards for All
Nat. Lottery Community Fund Improving Lives
National Lottery Heritage Fund
Nationwide Colleague Grant
Northwood Charitable Trust
Robertson Trust
Rural Fife Development Fund
Scottish Children's Lottery
Screwfix Grant
St. Andrews Community Trust
The Wolfson Foundation
Thomas Wall Trust
Town Centre Building Improvement Grant
UK Youth Fund
Volunteering Support Fund
Wooden Spoon
Youth Action Fife Grant
Youthlink Scotland Youth Arts Open Fund
For the year ended 30 June 2024
Unrestricted funds
Restricted funds|Unrestricted
Restricted
Total
Funds
Funds
Funds
2025
2025
2025
£
£
£
6,529
-
6,529
-
-
-
-
-
-
-
-
-
-
-
-
-
16,421
16,421
-
5,000
5,000
-
15,662
15,662
-
13,000
13,000
-
19,284
19,284
-
20,000
20,000
-
-
-
-
-
-
-
20,000
20,000
-
17,500
17,500
-
5,540
5,540
-
9,767
9,767
-
10,000
10,000
-
16,000
16,000
-
-
-
-
-
-
-
-
-
-
5,000
5,000
-
-
-
-
5,000
5,000
-
8,977
8,977
-
20,000
20,000
-
11,250
11,250
-
23,990
23,990
-
-
-
-
12,500
12,500
-
254,891
254,891|Total
Funds
2024
£
2,967
6,265
10,000
13,908
10,000
-
-
-
13,200
16,004
-
6,500
10,000
-
35,000
-
-
10,000
17,600
8,420
3,625
5,000
4,000
49,793
5,000
-
20,000
-
-
2,000
-
246,315
-
246,315
246,315|
|---|---|---|
14
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
|[5] INCOME FROM CHARITABLE
ACTIVITIES
Activity programmes charge
Café income
[6] INVESTMENT INCOME
Bank interest receivable
[7] COSTS OF CHARITABLE ACTIVITIES
Wages
Employers pension contributions
Projects and programme activities
Consulting commission
Café expenses
Heat and Light
Rates
Property maintenance
Minibus hire
Groups' transport costs
Staff travel expenses
Minibus storage
Clothing
Telephone
Training
Stationery and software
Miscellaneous
Bank charges
Insurance
Independent examiner fees (see note 8)
Bad debts recovered
Depreciation
Gain on sale
For the year ended 30 June 2024
Unrestricted funds
Restricted funds|Unrestricted
Restricted
Total
Funds
Funds
Funds
2025
2025
2025
£
£
£
210,099
-
210,099
7,006
-
7,006
217,105
-
217,105
171
-
171
71,395
161,165
232,560
3,048
-
3,048
12,537
29,053
41,590
16,720
-
16,720
2,598
5,867
8,465
4,258
-
4,258
4,307
-
4,307
1,592
-
1,592
3,169
-
3,169
18,989
-
18,989
272
613
885
720
-
720
1,161
-
1,161
2,687
-
2,687
444
1,002
1,446
3,083
-
3,083
400
-
400
578
-
578
2,967
-
2,967
2,283
-
2,283
-
-
-
9,973
16,743
26,716
-
-
-
163,181
214,443
377,624|Total
Funds
2024
£
187,546
6,415
193,961
267
217,344
2,898
36,462
24,640
7,111
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
(1,000)
351,413
171,464
179,949
351,413|
|---|---|---|
15
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
|[8]
INDEPENDENT EXAMINER'S REMUNERATION
Independent examiner's fee
Payroll and software training costs
[9]
STAFF COSTS
Wages and salaries
Employer pension contributions
The average numbers of employees during the year w
Support Staff|Unrestricted
Restricted
Funds
Funds
2025
2025
£
£
1,038
-
1,245
-
2,283
-
68,056
164,504
3,048
-
71,104
164,504
as as follows:|Total
Funds
2025
£
1,038
1,245
2,283
232,560
3,048
235,608
Total
Number
2025
12|Total
Funds
2024
£
938
1,203
2,141
217,344
2,898
220,242
Total
Number
2024
13|
|---|---|---|---|
No employees earned in excess of £60,000 during the year.
Mary Scott was the only Trustee who received remuneration during the year, however no remuneration was received in respect of duties as a Trustee.
No Trustees received reimbursement of expenses during the year.
The key management personnel of the charity is Mary Scott.
The total benefits of the key management personnel of the charity was £31,498 (2024 - £29,958)
The charity has a workplace pension scheme in place with NEST in compliance with the Pension Act 2008.
16
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
|[10]
[11]
[12]|TANGIBLE FIXED ASSETS
Cost
As at 30 June 2024
Additions
Disposals
As at 30 June 2025
Depreciation
As at 30 June 2024
Charge for year
Disposals
As at 30 June 2025
Net book value
As at 30 June 2025
As at 30 June 2024
DEBTORS
Trade debtors
Other debtors
CREDITORS - amounts due within one year
Accruals
Other taxes and social security
Other creditors|Land &
Buildings
£
264,150
66,584
-
330,734
13,696
6,615
-
20,311
310,423
250,454|Motor
Vehicles
£
58,390
-
-
58,390
39,955
4,610
-
44,565
13,825
18,435|Equipment
£
107,994
9,081
(1,717)
115,358
55,653
15,491
(1,717)
69,427
45,931
52,341
2025
£
21,207
7,136
28,343
7,143
-
20,740
27,883|Total
£
430,534
75,665
(1,717)
504,482
109,304
26,716
(1,717)
134,303
370,179
321,230
2024
£
29,811
1,375
31,186
10,723
-
-
10,723|
|---|---|---|---|---|---|
17
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
|[13] ANALYSIS OF NET ASSETS
Fund balances at 30 June 2025
Tangible fixed assets
Current assets/(liabilities)
Total
Fund balances at 30 June 2024
Tangible fixed assets
Current assets/(liabilities)
Total
[14] MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Property fund
Programmes & projects fund
Property renovation
Adapted Cycling Fund
Equipment fund|At
01.07.24
£
93,136
250,454
70,127
5,000
10,832
28,110
364,523|Incoming
resources
£
223,805
-
187,157
62,734
-
5,000
254,891|Unrestricted
Funds
£
25,942
106,332
132,274
31,834
61,302
93,136
Outgoing
resources
£
(163,181)
(6,615)
(197,700)
-
(2,708)
(7,420)
(214,443)|Restricted
Funds
£
344,237
82,220
426,457
289,396
75,127
364,523
Transfers
£
(21,486)
66,584
-
(45,098)
-
-
21,486|Total
Funds
£
370,179
188,552
558,731
321,230
136,429
457,659
At
30.06.25
£
132,274
310,423
59,584
22,636
8,124
25,690
426,457|
|---|---|---|---|---|---|
18
## **OPTIONS IN LIFE**
## SCOTTISH CHARITABLE INCORPORATED ORGANISATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
|Unrestricted funds
General fund
Restricted funds
Property fund
Programmes & projects fund
Property renovation
Adapted Cycling Fund
Equipment fund|At
01.07.23
£
62,770
209,452
83,340
10,000
-
-
302,792|Incoming
resources
£
197,195
-
151,349
71,058
13,908
10,000
246,315|Outgoing
resources
£
(171,464)
(5,283)
(164,562)
-
(3,076)
(7,028)
(179,949)|Transfers
£
4,635
46,285
-
(76,058)
-
25,138
(4,635)|At
30.06.24
£
93,136
250,454
70,127
5,000
10,832
28,110
364,523|
|---|---|---|---|---|---|
19