Company registration number: CS000884 Charity registration number: SC043257
**HEART SPACE DUNDEE (SCIO) TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
C.I.K. Accounting Solutions
**Heart Space Dundee (Scio) Contents**
||**Page**|
|---|---|
|Trustees' Report|1—11|
|Independent Examiner's Report|12|
|Statement of Financial Activities (including Income and Expenditure Account)|13|
|Comparative Statement of Financial Activities (including Income and Expenditure Account)|14|
|Balance Sheet|15|
|Notes to the Financial Statements|16—21|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities (including Income and Expenditure Account)|22|
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HEART SPACE
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Heart Space is a registered Scottish Charity Incorporated Organisation (SCIO) SC043257
Page1
## Table of Contents
03 04 05 Chairperson’s Chief Executive’s Heart Space - Report Report Year In Review 06 07 08 Case Study Our Funders Financial Review
09 Trustees
Page 2
## Chairperson’s Report
Throughout the 2024-2025 period, Heart Space Yoga and Bodyworks has continued to fulfil its mission as a vital community resource. As the Board of Trustees, we have observed an increase in engagement at Heart Space, with our classes reaching a total of 32,945 mat spaces over the year. This engagement growth is supported by the robust social-economy model that we operate on, which ensure that commercial activities directly fund our charitable aims. This year, that model has enabled us to deliver 25% of our schedule free of charge, providing over 9,000 spaces for vital sessions.
The continued focus on long-term sustainability is reflected in our environmental, social & governance (ESG) integration. The investment into solar renewables has successfully offset 26.23 tonnes of CO 2 this year. From a financial perspective, Heart Space remains in a stable position, and these resources provide the Board of Trustees with the confidence that Heart Space remains capable of meeting the ongoing demands of the community while navigating broader economic challenges.
The strategic oversight of Heart Space’s physical assets has been a priority for us, the Board of Trustees this year, overseeing the initiation of a major capital project to redesign the accessible washroom facilities in July 2025. This project, supported by the FCC Communities Foundations & the National Lottery Community Fund, was essential to ensure our studio is inclusive and fit for purpose for all attendees.
Additionally, the procurement of an electric vehicle through the Northwood Charitable Trust has positively transformed our logistical capabilities, allowing members of the team to transport equipment safely & sustainably to various external locations.
Our outreach impact has also expanded significantly, through the dedicated work of our community team by reaching 3,518 participants across 32 venues, successfully bringing our well-being services to schools, community centres and NHS settings. This scale of impact would not be possible without our committed team and the support from our external partners, including the NHS Tayside Charitable Foundation, whose backing has been instrumental in our continued outreach efforts.
We, the Board of Trustees, remain committed to the governance of Heart Space that promotes transparency and inclusivity as we look toward another year of serving the Dundee community and beyond.
Page 3
Chris Chree Chairperson
## Chief Executive’s Report
Heart Space is delighted to be sharing our impact for the period August 2024 — July 2025. Heart Space has been running since 2011, and since then we have grown and evolved significantly. Using our social-economy model, we continue to deliver free and accessible sessions for the physical and mental well-being of thousands of people.
In this time, we provided more than 9,000 class spaces across chair yoga, pre- and post-natal support, family sessions, and our Pay What You Can model. We also reached 3,518 participants across 32 venues through our outreach work with two new staff members joining our community team, with fj and fj developing permanent and semi-permanent sessions in the wider Dundee community. Dundee community. community.
After the renovation work and wider Dundee community. Dundee community. community. completion of the environmental upgrades in the previous year, we took Despite ongoing cost-of-living strides to complete our renovation of the challenges, we have remained accessible washrooms with the project committed to being greener and more oar in aly aod’. ih support from accessible, with our solar renewables able to redesign8 and au ment the offsetting 26.23 tonnes of CO, this year. . washrooms and kitchen6to make our This reflects. our belief that. sustainability. space more accessible and fit for and well-being go hand in hand, and with purpose to meet the changing demands our Sowing community programme, we of the people that attend Heart Space. are adding- to our green credentials with our electric Heart Space van. Heart Space is a place people come to that they call their “second home." It is a place, a community, where continuity and innovation can thrive together, and wr where investing in personal well-being also means investing in the greater wellBeePP ) being of Dundee and beyond.
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Attendees inthe Chairspaces © Months ofwell-being
wider community
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Total mat spaces 599
Mums plus 68 47]
baby
4310 Online attendees
Pwyc*
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During 2024/2025, Heart Space continued to provide a diverse range of classes in-person and online. Using our social-economy model, mat spaces in our paid-for classes supported the delivery of 25% of our schedule free of charge, allowing us to deliver sessions to help families, people in pregnancy, new parents, kids, and people with mobility issues to make positive changes to their physical and mental well-being.
*PWYC is our Pay What You Can model where classes range from £3 to attend, bringing down the cost barrier to accessing sessions which has almost doubled since the previous year.
Page 5
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Case Study:e Finmille a Men‘sJ
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The Finmill Men’s Group is a community cohort seeking consistent, accessible activities to support their physical and mental well-being. Having previously benefited froma pilot block, the men requested the return of the Heart Space Chair Yoga sessions, highlighting a clear need for movement that is inclusive, free, and non-intimidating.
Heart Space delivered an 8-week block of specialised Chair Yoga, led by Instructor Sessions were expertly tailored to the group's needs, gradually increasing in complexity by incorporating props like blocks and bands, and even introducing supported standing poses. The approach prioritised creating a safe, fun, and inclusive atmosphere, with the consistent presence of laughter noted by the Community Health Worker.
The yoga sessions delivered both immediate physical relief and significant gains in mental and social resilience for the participants. Participants gained notable strength and flexibility. The sessions were effective in addressing chronic issues like sore backs and muscle cramps. Participants demonstrated improved confidence in using mindfulness techniques (including Box Breathing) outside of the group setting. Mood was visibly improved, and conversations immediately following the sessions were consistently calm.
The block significantly improved social inclusion for the men. Most notably, the group began discussing ways they could expand their group and give back to the community—a huge indicator of growing confidence and positive civic engagement.
The impact is best summarised by the men themselves:
“It is great for my sore back and helps me relax.” “Yoga is great for my muscle cramps, and| find it really helps with relaxation.” “It is relaxing, helps loosen muscles, and has improved my mood.” “Helped great with my confidence—I| would like to help other men learn how to do this.”
The Community Health Worker, i noted the profound growth: “The men are looking to expand their group and to give back to the community, so being able to grow in knowledge, skills and confidence to support their own well-being through the yoga, has been invaluable for them. It is fantastic to see such growth within the group.” The success of this group demonstrates the power of consistent, specialised movement to foster not just individual health, but also a renewed sense of community ownership and leadership.
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## Page 6
Much of our community work has been due to the generous support of our funders.
NHS Tayside Charitable Foundation awarded us support for our Community Outreach and Engagement Officer beginning in April 2024, augmented by support from the Northwood Charitable Trust for supplies and the vehicle that enable us to get to community centres and facilities around Tayside. This was doubled with a new project in 2025 for iiand our two newstarts,a. This has enabled us to develop our network in the wider community and meet the demands of both community centres, schools, and NHS settings.
We were also awarded grants from The National Lottery Community Fund Awards for All for our washroom renovations with match funding from FCC Communities Foundation and the generous donations of our clients who helped us stay open during the renovation works.
Page /
FINANCIAL REVIEW - TBC
## Going Concern
After making appropriate inquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## Reserves Policy
The trustees have considered their policy on unrestricted funds, which are free reserves of the charity. It is not their intention to hold free reserves without identifying a project or purpose to which any free reserves generated in a year can be designated. At the year ended 31 July 2025, the charity held unrestricted reserves of £79,994 and restricted reserves of £31,876.
## Investment policy and performance
The organisation has the power to do anything, which is calculated to further its purposes, or is conducive or incidental to doing so including the purchase of property and financial borrowing.
## Principal risks and uncertainties
The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks. Insurable risks are appropriately covered. The trustees take seriously the duties and responsibilities placed upon them with regard to the protection of vulnerable groups.
## Structure, governance and management
Heart Space Dundee is a SCIO, governed by its constitution, adopted by the Trustees on 24 March 2016.
Day-to-day operations are currently delegated to the principal teacher and studio manager. The Trustees who served during the year and up to the date of signature of the financial statements were:
Page 8
## Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and coopted under the terms of the Constitution.
Trustees are elected at the Annual General Meeting and may be added to at any time by the Trustees making appointment of a member. Any person who supports and engages with the aims and objectives of the charity may apply for membership. The maximum number of trustees Is eight. All Trustees must retire from office at each Annual General Meeting but are eligible for reelection. New Trustees are introduced to the aims and objectives of the charity by the chairperson. The Trustees’ report was approved by the Board of Trustees.
- HEART SPACE DUNDEE
- | Incorporated Organisation(SCIO) SCO43257
Page 9
**Heart Space Dundee (Scio) Trustees' Report (continued) For The Year Ended 31 July 2025**
## **Reference and Administrative Details**
## **Trustees**
**Charity Number** SC043257
## **Company Number**
CS000884
## **Registered Office**
## **Independent Examiner**
C.I.K. Accounting Solutions Chartered Certified Accountants 1 Sidlaw Court Dundee Angus DD3 9RZ
Page 10
## **Heart Space Dundee (Scio) Trustees' Report (continued) For The Year Ended 31 July 2025**
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Page 11
## **Heart Space Dundee (Scio) Independent Examiner's Report to the Trustees of Heart Space Dundee (Scio) For The Year Ended 31 July 2025**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 12
## **Heart Space Dundee (Scio) Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 July 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Core Activity
Other trading activities
**4**
**EXPENDITURE ON:**
Raising funds
**6**
Charitable activities:
**6**
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
45,763
262,189
8,670|**Restricted**
**funds**
**£**
34,590
-
-|**2025**
**Total**
**funds**
**£**
80,353
262,189
8,670|**2024**
**Total**
**funds**
**£**
88,271
243,068
10,980|
|---|---|---|---|---|
||316,622|34,590|351,212|342,319|
||(302,187)|(34,590)|(336,777)|(304,124)|
||16,311|(1,876)|14,435|38,195|
||16,311
79,994|(1,876)
33,010|14,435
113,004|38,195
74,809|
||96,305|31,134|127,439|113,004|
The notes on pages 16 to 21 form part of these financial statements.
Page 13
## **Heart Space Dundee (Scio) Comparative Statement of Financial Activities (including Income and Expenditure Account)**
## **For The Year Ended 31 July 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Core Activity
Other trading activities
**4**
**EXPENDITURE ON:**
Raising funds
**6**
Charitable activities:
**6**
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
13,391
243,068
10,980|**Restricted**
**funds**
**£**
74,880
-
-|**2024**
**Total**
**funds**
**£**
88,271
243,068
10,980|
|---|---|---|---|
||267,439|74,880|342,319|
||(336,000)|31,876|(304,124)|
||38,195|-|38,195|
||38,195
41,799|-
33,010|38,195
74,809|
||79,994|33,010|113,004|
The notes on pages 16 to 21 form part of these financial statements.
Page 14
## **Heart Space Dundee (Scio) Balance Sheet As At 31 July 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**14**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than One**
**Year**
**15**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**18**|**Unrestricted**
**funds**
**£**
148,184|**Restricted**
**funds**
**£**
-|**2025**
**Total**
**funds**
**£**
148,184|**2024**
**Total**
**funds**
**£**
131,347|
|---|---|---|---|---|
||148,184
873
17,277
30,022|-
-
-
-|148,184
873
17,277
30,022|131,347
2,374
6,956
35,232|
||48,172
(27,883)|-
-|48,172
(27,883)|44,562
(21,557)|
||20,289|-|20,289|23,005|
||168,473|-|168,473|154,352|
||(41,034)|-|(41,034)|(41,348)|
||127,439|-|127,439|113,004|
||||31,134
96,305|33,010
79,994|
||||127,439|113,004|
For the year ending 31 July 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
The notes on pages 16 to 21 form part of these financial statements.
Page 15
**Heart Space Dundee (Scio) Notes to the Financial Statements For The Year Ended 31 July 2025**
## 1. **General Information**
Heart Space Dundee (Scio) is a company limited by guarantee, incorporated in Scotland, registered number CS000884 and registered charity number SC043257. The registered office is 9-11 Scott Street, Dundee, DD2 2AH.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line Plant & Machinery 10% Straight line Fixtures & Fittings 25% Straight line
## 2.3. **Stocks and Work in Progress**
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
## 2.4. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|Donations and gifts
Grants|**Unrestricted**
**funds**
**£**
4,391
41,372|**Restricted**
**funds**
**£**
-
34,590|**2025**
**Total**
**funds**
**£**
4,391
75,962|
|---|---|---|---|
||45,763|34,590|80,353|
Page 16
## **Heart Space Dundee (Scio) Notes to the Financial Statements (continued) For The Year Ended 31 July 2025**
|Donations and gifts
Grants
4.
**Income from Other Trading Activities**
Income from other trading activities
5.
**Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
6.
**Analysis of Expenditure**
Raising funds
Raising funds|**Unrestricted**
**funds**
**£**
3,311
10,080|**Restricted**
**funds**
**£**
-
74,880|**2024**
**Total**
**funds**
**£**
3,311
84,960|
|---|---|---|---|
||13,391|74,880|88,271|
||**Activities**
**undertaken**
**directly**
**£**
249,879|**2025**
**Unrestricted**
**funds**
**£**
8,670|**2024**
**Unrestricted**
**funds**
**£**
10,980|
|||**2025**
**£**
13,026|**2024**
**£**
12,377|
|||**Support**
**costs**
(see note 7)
**£**
86,898|**2025**
**Total**
**£**
336,777|
||**Activities**
**undertaken**
**directly**
**£**
213,058|**Support**
**costs**
(see note 7)
**£**
91,066|**2024**
**Total**
**£**
304,124|
Page 17
## **Heart Space Dundee (Scio) Notes to the Financial Statements (continued) For The Year Ended 31 July 2025**
## 7. **Support Costs**
|Premises expenses
General administration
Depreciation
Governance costs|**2025**
**Raising**
**funds**
**£**
16,389
56,751
13,026
732|
|---|---|
||86,898|
|Premises expenses
General administration
Depreciation
Governance costs
.
**Independent Examiner's Remuneration**
Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services|**2025**
**£**
732
-
-
-
732|**2024**
**Raising**
**funds**
**£**
25,393
52,564
12,377
732|
|---|---|---|
|||91,066|
|||**2024**
**£**
732
-
-
-|
|||732|
## 8. **Independent Examiner's Remuneration**
## 9. **Staff Costs**
Staff costs were as follows:
|Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
142,828
5,583
2,794
151,205|**2024**
**£**
115,833
2,922
1,900|
|---|---|---|
|||120,655|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 10. **Average Number of Employees**
Average number of employees during the year was: 9 (2024: 7)
Page 18
## **Heart Space Dundee (Scio) Notes to the Financial Statements (continued) For The Year Ended 31 July 2025**
## 11. **Tangible Assets**
|**Land &**
**Property**
**Freehold**
**£**
**Cost**
As at 1 August 2024
115,103
Additions
29,214
As at 31 July 2025
144,317
**Depreciation**
As at 1 August 2024
16,114
Provided during the period
2,887
As at 31 July 2025
19,001
**Net Book Value**
As at 31 July 2025
125,316
As at 1 August 2024
98,989
12.
**Stocks**
Stock
13.
**Debtors**
**Due within one year**
Other debtors
14.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Bank loans and overdrafts
Other creditors
Taxation and social security
Accruals and deferred income
15.
**Creditors: Amounts Falling Due After More Than One Year**
Bank loans|**Land &**
**Property**
**Freehold**
**£**
115,103
29,214|**Plant &**
**Machinery**
**£**
19,402
649|**Plant &**
**Machinery**
**£**
19,402
649|**Fixtures &**
**Fittings**
**£**
42,620
-|**Total**
**£**
177,125
29,863|
|---|---|---|---|---|---|
||144,317|20,051||42,620|206,988|
||16,114
2,887|15,918
515||13,746
9,624|45,778
13,026|
||19,001|16,433||23,370|58,804|
||125,316|3,618||19,250|148,184|
||98,989|3,484||28,874|131,347|
|||||**2025**
**£**
873
**2025**
**£**
17,277
**2025**
**£**
2,599
4,331
4,336
2,210
14,407
27,883
**2025**
**£**
41,034|**2024**
**£**
2,374|
||||||**2024**
**£**
6,956|
||||||**2024**
**£**
830
8,349
1,935
1,563
8,880|
||||||21,557|
||||||**2024**
**£**
41,348|
Page 19
**Heart Space Dundee (Scio) Notes to the Financial Statements (continued) For The Year Ended 31 July 2025**
## 16. **Loans**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year or on demand:
Bank loans
Amounts falling due between one and five years:
Bank loans|**2025**
**£**
4,331
**2025**
**£**
41,034|**2024**
**£**
8,349|
|---|---|---|
|||**2024**
**£**
41,348|
## 17. **Pension Commitments**
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £2,794 (2024: £1,900).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
## 18. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Crowdfunding (building)
Tayside Health Board
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Crowdfunding (building)
National Lottery Funding|**As at 1**
**August 2024**
**£**
79,994
31,876
1,134|**Income**
**£**
316,622
-
34,590|**Expenditure**
**£**
(300,311)
(742)
(35,724)|**As at 31 July**
**2025**
**£**
96,305
31,134
-|
|---|---|---|---|---|
||33,010|34,590|(36,466)|31,134|
||||||
||113,004|351,212|(336,777)|127,439|
||**As at 1**
**August 2023**
**£**
41,799
32,618
392|**Income**
**£**
267,439
-
16,580|**Expenditure**
**£**
(229,244)
(742)
(16,972)|**As at 31 July**
**2024**
**£**
79,994
31,876
-
...CONTINUED|
Page 20
## **Heart Space Dundee (Scio) Notes to the Financial Statements (continued) For The Year Ended 31 July 2025**
|Tayside Health Board
Dundee City Council
**Total restricted funds**
**Total funds**|-
-|8,300
50,000|(7,166)
(50,000)|1,134
-|
|---|---|---|---|---|
||33,010|74,880|(74,880)|33,010|
||||||
||74,809|342,319|(304,124)|113,004|
## **Crowdfunding**
Funding was raised to buy the building that the yoga studio operates from. The reserve will carry forward to meet future depreciation charges over the next 50 years.
## **National Lottery Funding**
Funding towards the Chair program & Golden Heart Physio.
## **Tayside Health Board**
Funding towards salary and training costs for employee.
## 19. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
## 20. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.
## 21. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 21
**Heart Space Dundee (Scio) Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 July 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations and gifts
Grants
**Charitable Activities:**
**Core Activity**
Income from charitable activities
Training
Sale of goods or services
**Other trading activities**
Income from other trading activities
**EXPENDITURE ON:**
**Raising funds**
Staging fundraising events
Workshop consumables
Subcontractor costs
Wages and salaries
Employers NI
Employers pensions - defined contribution schemes
Light and heat
Rates & water
Repairs and maintenance & Cleaning & Kitchen Supplies
Insurance
Postage/Stationery/Advertising/Website & IT
Telecommunications and data costs
Accountancy fees
Professional fees
Membership, Licences & Subscriptions
Worldpay costs, Bank Charges, Paysafe Factor Fees
Depreciation
Independent examiner's fees
**NET INCOME**|**2025**
**Total**
**funds**
**£**
4,391
75,962|**2024**
**Total**
**funds**
**£**
3,311
84,960|
|---|---|---|
||80,353
253,323
6,438
2,428|88,271
235,218
4,975
2,875|
||262,189
8,670|243,068
10,980|
||8,670|10,980|
||351,212
(20,906)
(6,042)
(71,726)
(142,828)
(5,583)
(2,794)
(14,202)
(2,187)
(12,817)
(4,592)
(4,668)
(1,323)
(4,589)
(2,485)
(14,836)
(11,441)
(13,026)
(732)|342,319
(10,145)
(8,616)
(73,642)
(115,833)
(2,922)
(1,900)
(23,312)
(2,081)
(13,673)
(4,769)
(3,489)
(1,513)
(3,901)
(1,683)
(11,858)
(11,678)
(12,377)
(732)|
||(336,777)|(304,124)|
||(336,777)|(304,124)|
||14,435|38,195|
Page 22