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 re￿rt on the accounts for the year ended 31 st March 2025 set out on pages five to thirteen.
Respective reS￿nsibIlItIeS 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
p￿pared 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 dISc￿tion 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
A￿OuntancY
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