REGISTERED CHARITY NUMBER: SCO47018 ort of the Tru8t¢e8 And Unaudited Financial Staternents For Th¢ Year Ended 31st MArch 2025 for Who Da J S Mackie & Co Ltd 8 Douglas Street Hamilton Ianarkshire ML3 OBP
Wbo Dares Carej For The Y r End 31yt March 2025 Page Report of the Trn8te Independent Examlner'B Report ststement of Fin&ncial Aetivitiej BAlance Sheet Notes to the FinanciAI Slatements 7 to l3 Detailed Stalement of Financial Aetivities 14 to 15
Who DAre8 ort of the Trustees For The YeAr Ended 31Jt March 2025 The trustees present their report with th¢ financial statements of the charity for the year ended 3 1st March 2025. The trustees have adoptd th¢ provisions of Accountin8 and Reporting by Charities: Stat¢m¢nt of Recommcndcd Prnctice applicable to charities prcparing thciT accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and R¢publiG of Ir¢land (FRS 102) (effective l January 2019). Page I
Who Dares Carej ort of ihc Trustees For The Year Ended 31st March 2025 ACHIEVEMENTS AND PERFORMANCE Charilable aetivities Who Dares Cares have been supporting our Arn¢d ForG¢s, Em¢rg¢ncy S¢rvic¢s and veterans including their families and dependanls who are suffering from Post-Traumatic Stress Disorder (PTSD) since November 2016. Although the majority of the people we help come from some forni of military background, we ar¢ also hero to help anyone from the blue light scrvices including their families and dependants who sulTer signs and symptoms of PTSD. This can be anything from trauma to a bereavement. Sinc¢ in¢eption the charity has developed a range of servic¢s to support the Arnied Forces and cmcrgcncy services communities we supw)rt. An insight inlo a few of the things that we continue to provide are: About Tum Project - Support and engage with veterans within the Criminal Justice System who are subject to a community payback ord¢r with an unpaid work or other activity requirement in agreement with South Lanarkshire Councils all(Kalcd worker5 Within thc Unpaid Work Service. The charity was succcssful with grants from Thc Amied Forces Covenant Fund and The Veterans Foundation to run the project during 2024 for 3 years. Weekend Retrcat Facilities and Hillwalking Events - this is where individuals and families can spend a wcekcnd away from the daily grind and relax in fun activities or achieve a goal hikin8 a Munro with other service users led by our qualificd volunlcers. Walk Talk and Brew Groups - this ig where we have a team of volunteers (established in Strathclyde, East Kilbride, Paisley, West Lothian, Eastbourne, Norfolk and Suffolk, Gloucestershir¢, Berkshire, East Sussex and West Wiltshire and North Somerset) that meet with groups of veterans and blue light services who maybc just want to clear their heads, but havc the supp)rt of our volunteers there to listen and offer advice and guidanG¢. - Peer Suppori Group - Over thc past 12 months. Who Dares Cares have developed a peer support team to put boots on the 8round to support other veterans and members of the blue light services. This is truly remarkable as thc charity has received no funding for this and has all been funded by our fundraisers makin8 a diff¢r¢nce to support others. The volunteers that stcp forward do so giving their experi¢n¢¢s, knowledge and prccious lime for free. The charity continues to arrange participation in the following face-to-face events and courses for our service users: M¢ntPdl Health Courses providing a Level 3 Award in Mental Health First Aid Mapping Reading Skills Courses Hillwalking event5 Walk, Talk and Brews Groups including drop zone support locations Golfing Events Fishin8 Events - Veterans Evening Suppers - Am]ed Forces Day Events - Glasgow, Aberdeen. I)und¢e and FAlinburgh Kiltwalk Events - West Highland Way - Canoeing Events - Remembrance Evenls - Charity Dinncr Nights Page 2
Who Dares Cares ort of the Trustees For The Year Ended 31st March 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT GoverniDg document The charity is controlled by its governing documcnt, a dccd of trust and constitutes an unincorporated ¢harity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Dumber SC047018 Prlnclpal address 8 Douglas Street Hamilton ML3 OBP Independent Lxaminer J S Mackie & Co Ltd 8 Douglas Street Hamilton Lanarkshire ML3 OBP Approved by order of the board of trust¢¢s on 21 st May 2025 and signed on its behalf by: Page 3
Inde endenl Examiner's Re or( to the Trustees of Who Dares Cares I rert on the accounts for the year ended 31 st March 2025 set out on pages five to thirteen. Respective reSnsibIlItIeS of trustees and examin¢r The charity's trustees are responsible for the preparation of the accounts in accordancc with th¢ temis of th¢ Charities and Trustec Investrnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charitys trustees consider that the audit requirement of Regulation l O(1 )(a) to (c) of the Accounts Regulations does not apply, It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examinalion was carried out in accordan¢¢ with Regulation I l 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 dis¢losures in the accounts, and seeking explanations from you as trustees concerning any such matters, Th¢ procedures undertaken do not provide all the evidence that would be r¢quir¢d in an audit, and conscqucntly I do not express an audit opinion on the view given by the accounts. Independent examiner's stAtement In connection with my examination, no matter has come to my attention . { l) which gives me rcasonablc cause to bclicvc thaL in any Tnaterial rcspect, thc rcquircmcnts to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and R¢gulation 4 of the 2006 Accoun18 Regulations; and to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations hav¢ not been m¢t; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of th¢ accounts to bc reached. J S Mackie & Co Ltd 8 Douglas Street Hamilton Lanarkshire ML3 OBP 21st May 2025 Page 4
Who Dares Cares Statement of Financial Aclivilies For The Year Ended 31st March 2025 2025 Total rund 2024 Total funds Unrestricted fund Restrict¢d funds Notes INCOME A]W ENDOWMENTS FROM Donations and legacies 9385 37J95 46,680 39,459 Other trading activities Investment incom¢ 4&386 5,602 48a86 5,602 62,679 1,047 Tolal 63,273 37J95 100,668 103,185 EXPENDITURE ON Raising funds 5J15 300 5JlS 6.169 Charitable activitie8 charitsble 27,872 20,403 48,275 58,535 Total 33 J87 20,703 54,090 64,704 NET INCOME 29,886 16,692 46,578 38,481 RECONCILIATION OF FUNDS Total funds brought forward 152237 50,932 203,169 164,688 TOTAL FUNDS CARRIED FORWARD 182,123 67,624 249,747 203,169 The notes forn) part of these financial statements Page 5
Who DAres Cares Balance Sheet 31st March 2025 2025 Total funds 2024 Total funds Unrcstrictcd fund Rcstrictcd fijnds Notes FIXED ASSETS Tangible assets 28,619 2&619 28,619 CURREIYT ASSETS Debtors Cash at bank and in hand 50 153,453 50 176.023 67,625 221W78 153503 67,625 221,128 176,073 CREDITORS Amounts falling due within one year (1,523) NET CURRENT ASSETS 153J03 67,625 221.128 174,550 TOTAL ASSF.TS LESS CURRENT LIABILITIES 182,122 67,625 249,747 203,169 NET ASSETS 182,122 67,625 249,747 203.169 FUNDS Unrestricted funds Restricted funds 10 182,122 67,625 152.237 50,932 TOTAL FUNDS 249,747 203,169 The financial statements were approved by the Board of Trustees and authorised for issue on 21 st May 2025 and were signed on its behalf by: The noles forni part of thes¢ financial slatements Page 6
Who Dgres Cares Notes lo the Financial Statements For The Year Ended 31st March 2025 ACCOUNTING POLICIES Basis of preparing the financial stAlements Th¢ financial statements of the charity, which is a public benefit ¢ntity under FRS 102. hav¢ been ppared in accordance with the Charities SORP (FRS 102) 'Ac¢ounting 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 l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment (Scotland) Act 2005. Thc financial stat¢m¢nts hav¢ b¢¢n prepared und¢r the hislorical cost convcntion. Income All income is recognised in the Statement of Financial Activities once the charity has entttlement to thc funds, it is probabl¢ that the in¢om¢ will be r¢c¢iv¢d and thc amount can bc mcasurcd rcliably. Expenditure Liabilities are recognised as expenditure as soon as ihere is a legal or constnictive obligation committing the charity to thal expenditure, it is probable that a transfer of economic benefits will be required tn settl¢m¢nt and the amount of the obligalion can b¢ me&sur¢d reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggrcgatc all cost related to the category. Whcre cosls caniiot be dircctly attribuled to particuldr Iietidings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Dcprccialion is provided at the followin8 annual rates in order to write off each asset over its ¢stimaied useful lif¢. TaxAtion The Charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the dISction of the trustees. Restricted funds can only be used for particular r¢slricted purposes within the objects of th¢ charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explaftation of the nature and purkx)se of each fund is included in the notes to the financial statements. Hire purchase and l¢asing commitments Rentals paid under operating leases are Charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 7 continued...
Who Dares CareJ Notes to the Financial Statements - continued For The Year Ended 31st March 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundraising and events Merchandising income 47,013 lJ73 60,519 1160 48,386 62,679 INVESTMENT INCOME 2025 2024 Deposit account interest 5,602 1,047 TRUSTEES, REMUNERATION AND BENEFITS Trus*es were reimbursed for travel expenses in the year. Tnistees expenses There were no trustees, expenses paid for the year ended 3 1st March 2025 nor for the yer4r ended 31st March 2024. COMPARATIVES FOR THE STATEMEIYT OF FINANC]AL ACTlVI'riEs Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 18,332 21,127 39.459 Other trading activities Investm¢nt incom¢ 62,678 1,047 62,679 1,047 Total 82.057 21.128 103.185 EXPENDITURE ON Raising funds 5,995 174 6,169 Cbaritable activities charitable 33,769 24,766 58,535 Total 39,764 24,940 64.704 NET INCOMFJ{EXPENDITURE) TraAsfers between funds 42,293 1,537 (3,812) (1,537) 38,481 Net movement ID funds 43,830 (5,349) 38,481 Page 8 continued...
Who Dares Cares Notes lo the Finydncial Slatemenls - conliDued For The Year Ended 31st March 2025 COMPARATWES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unr¢stri¢t¢d Restri¢t¢d fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 108.406 56,282 164.688 TOTAL FUNDS CARRIED FORWARD 152.236 50,933 203.169 TAIYGIBLE FIXED ASSETS Motor vehicles COST At 1st April 2024 and 318t March 2025 28,619 NET BOOK VALUE At 31 st March 2025 28,619 At 31 st March 2024 28,619 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 50 50 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (See note 9) 1,523 Page 9 continued...
Wbo Dares Cydres Lyotes to the Tr inancial Statements - continued ForT e Year Ended 31st Mareh 202 LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due within one year on demand: Bank overdrafts 1.523 10. MOVEMENT IN FUNDS Net rnovem¢nt in funds At 114124 At 3113125 Unre8trleted fuDd8 Gcncral fund 152337 29,885 182,122 Reslrlcted funds Armed Forces Covenant Grant RESILIANCE Armed Forces Covenant 2 Vet¢rans Groundworks SJP re WTB l7,975 19,637 4J54 8,466 500 (2,248) (7) 16,106 475 15,727 19,630 20,460 8,941 5(Kl 2,367 2J67 50,932 16,693 67,625 TOTAL FUI¥DS 203,169 46,578 249,747 Net mov¢m¢nt in funds, includ¢d in th¢ above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted fund8 General fund 63,273 (33J88) 29083 Restricted funds Armed Forces Covenant Grant RESILIANCE Armed Forces Covenant 2 Velerans SJP re WTB (2248) (7) (8.061) (9,253) (1,133) (2,248) (7) 16,106 475 2J67 24.167 9,728 3,SlXI 37J95 (20,702) 16,693 TOTAL FUI¥DS 100,668 (54,090) 46.578 Page 10 continued...
Who Dares Cares Notes to the Financial Statements - eontinued For The Year Ended 318t March 2025 10. MOVEMENT IN FUNDS- continued Comparatives for movem¢nt In funds Net movement in funds Transfers between funds At 114123 At 3113ll4 Unrestrlcted fundj General fund 108,406 42,294 1,537 152,237 Restricted funds Am]¢d FO¢S Covenant Grant RESILIANCE West Loihian Council Corra Foundation Armed Forces Covenant 2 Veterans Groundworks 20,533 32,055 44 3,650 (2,558) (12,418) (44) (3.357) 5,583 8,481 500 17,975 19,637 (293) (1,229) (15) 4,354 ,466 500 56,282 (3.813) (1.537) 50.932 TOTAL FUNDS 164.688 38.481 203,169 Comparative net mov¢m¢nt in funds, included in the above are as follows: Incomin8 resources Resources expended Movement in funds Unrestricted funds General fund 82,057 (39,763> 42.294 Restricted funds Armcd Forccs Covcnant Grant RESILIANCE West Lothian Council Corra Foundation Armed Forces Covenant 2 Veterans Groundworks (2,558) (12,418) (44) (3,357) (4,502) (2,062) (2,558) (12,418) (44) (3,357) 5,583 8,481 500 10,085 10,543 500 21,128 (24,941) (3,813) TOTAL FUNDS 103,185 (64,704) 38,481 Pa8ell continued...
Who Dares Cares otes to the Financial Statements - continued For The Year End 1st March 2025 10. MOVEMENT IN FUNDS - conlinued A current year 12 months and prior year 12 rnonths combined position is as follows: Net movement in funds Transfers between funds At 114123 At 3113125 Unrejtricted funds General fund 108,406 72,179 1,537 182,122 Restricted funds Arnied Forces Covenant Grant RF,SILIANCE West Lothian Council Corra Foundation Arnied Force5 Covenant 2 Vet¢rans Groundworks SJP re WTB 20,533 32,055 44 3,650 (4,806) (12,425) (44) (3,357) 21,689 8,956 500 2,367 15,727 19,630 (293) (1,229) (15) 20,460 8,941 500 2,367 56,282 12,880 (1,537) 67,625 TOTAL FUNDS 164,688 85,059 249,747 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources RcsourGes expended Movemcnt in funds Unrestrieted fund$ General fund 145,330 (73,151) 72,179 Restricled funds Armed Forces Covenant Grant RESILIANCE West Lothian Council Corra Foundation Arn]ed Forces Covenant 2 V¢t¢Tans Groundworks SJP re WTB (4,806) (12,425) (44) (3,357) (12,563) (11,315) (4,806) (12,425) (44) (3,357) 21.689 8,956 500 2.367 34,252 20,271 500 3,500 (1.133) 58.523 (45,643) 12.880 TOTAL FUNDS 203,853 (118,794) 85,059 Page 12 continued..
Who Dares Care8 Noles lo the Financial Statements - continued For The Year Ended 31st Marcb 2025 11. RELATED PARTY DISCLOSURES Thcre w¢rc no rclatcd party transactions for thc year cndd 3 1st March 2025. Page 13
Who Dxru Cares Detailed Statement of Financiydl Activities F r The Year Ended 31st MAreh 2 2025 2024 INCOME AND ENDOWMENTS DonatlOD8 and legacies Donations Grants 9285 37J95 18,332 21,127 46,680 39,459 Other trading activities Fundraising and cvents Merchandising income 47,013 la73 60,519 2,160 48J86 62,679 IDve8tmeDt Income Deposit account interest 5ffj02 1,047 Total incoming resource8 100,668 103,185 EXPENDITURE RAlslng donatloD8 And legAcle Telephone Posta8e and station¢ry SundTi¢S 459 2,551 2005 533 4,116 1,520 5015 6,169 Charitable aetivitiej Other operating leases Donations Insurance Advertising Travel and subsistence Mcrchandisc expcnscs Event equipment Training Food packa8es Vehicle hire Supervision costs Events costs Accommodation rentals 2.047 500 1,960 1,050 16,426 4,986 4,693 934 91 3J24 2J63 5.792 2,669 1,800 2,000 1,967 4,057 17,766 9,142 4,755 180 3,817 2,250 633 4,305 4,423 46,835 57,095 This page does not forni part of the statutory financial statements Page 14
Who Dares Cares Detalled Statement of FlnAnelal Aetlvltles For The Year Ended 31st Mareh 2025 2025 2024 Support costs Governance costs AOuntancY 1,440 1.440 Total resources expended 54,090 64,704 Net Income 46,578 38,481 This page does not forn] part of the statutory financial statements Page 15