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2024-12-31-accounts

Company number: CS002753 Charity number: SC047370

LITTLE SISTERS OF THE POOR GLASGOW SCIO TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

LITTLE SISTERS OF THE POOR GLASGOW SCIO

CONTENTS

Page
Trustees' Report 1 - 6
Independent Auditors' Report on the Financial Statements 7 - 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 - 25

LITTLE SISTERS OF THE POOR GLASGOW SCIO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the audited financial statements of the Charity for the 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report. The Trustees confirm that the Annual report and financial statements of the charity complies with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Objectives and aims

The Little Sisters of the Poor is an international religious congregation whose particular mission is the care of the elderly of modest means.

b. Significant activities

St Joseph's Home, Glasgow is registered with the Care Inspectorate as a Care Home providing residential and nursing care for the elderly of all denominations. It also has accommodation to facilitate "Independent Living". In this accommodation the residents are able to reside within a safe community and experience a greater degree of independence. The Home is run by members of the Congregation, who are assisted by paid employees. In addition it is the policy of the Little Sisters of the Poor to avail themselves of the skills of volunteers to assist in the delivery of its various services.

The Home continues to maintain its residential and nursing units to provide a high standard of service and to ensure compliance with the stringent standards as set by legislation and by the regulatory bodies.

Several works have been carried out during 2024 to upgrade our aging building and create a more pleasant living environment for our residents.

During 2024, thanks to a Trust, we installed a new pager and nurse call system which is more efficient and enables us to respond quickly to calls from residents rooms. Following this, we have also commenced a redecorating programme for all bedrooms. This is currently ongoing.

We also completed the work on installing another three showers to the ensuite’s on the convent 2nd floor.

The Chapel lighting was upgraded and we had the Chapel re-painted and were able to put new carpet down.

Page 1

LITTLE SISTERS OF THE POOR GLASGOW SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

a. Charitable activities

The Home's Philosophy enables it to achieve Best Quality Care for the Residents where they can live in a family atmosphere that enables them to fulfil their physical, social, spiritual and emotional needs whatever their race, colour and creed.

The Home in the year under review was registered to provide a care service to 55 elderly persons in en suite bedrooms offering nursing and residential care. There are also 24 apartments allowing for "Independent Living".

To ensure that residents are afforded the highest level of facilities and resources the Home has carried out repairs to the highest standard as reflected in the Care Inspectorate reports.

In order to maintain a high standard of care, all staff are kept up to date with in-service training, and with external training when necessary.

Financial review

a. Financial position

A summary of the results for the year can be found on page 11 of the attached financial statements. The home received monies for residential care, nursing care and provision of independent living accommodation from the residents of the Home and Independent Living Flats by way of private fees or from Social Services in settlement of fees.

In the year to 31 December 2024, the incoming resources totalled £2,952,598 (2023: £2,929,499), with resources expended totalling £3,063,258 (2023: £2,782,413), resulting in net loss resources of -£110,660 (2023: £147,086 net outgoing resources).

Included within the incoming resources are monies as received from Provincial House totalling £80,000 (2023: £200,000).

The Balance Sheet on page 12 reports the financial position of the charity as at 31 December 2024. Acquisitions and disposals of fixed assets during the year are as recorded in the notes to the financial statements.

St Joseph's Home, Glasgow is owned by the Dublin - London Province of the Little Sisters of the Poor and accordingly the property asset is included in the Provincial financial statements.

b. Reserves policy

The trustees have examined the requirement for free reserves i.e those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The trustees review the level of free reserves on an ongoing basis to ensure the charity has sufficient reserves available to allow it to continue its charitable purposes. The trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources due to timing differences in income flows, adequate working capital to cover core costs, and will allow the charity to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2024 there were free reserves not including fixed assets of £170,432 (2023: £248,967 free reserves not including fixed assets).

Page 2

LITTLE SISTERS OF THE POOR GLASGOW SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

c. Going concern

A major challenge that we face, as many in the care sector, is meeting our staffing needs. With fewer carers being ready to assume this role, we have had to turn to agency staff which is not ideal for the continuity of care nor from a financial point of view for excess costs.

Over the past year, sponsorships were offered to Nurses, Carers and Chefs from Sri Lanka. Many have responded and are currently employed at Little Sisters of the Poor Glasgow. This has resulted in reducing the need for agency staff, which is our aim.

The trustees have considered the appropriateness of preparing the financial statements on a going concern basis. No formal budgets are prepared by the trustees rather reference is made to the occupancy levels at the home, waiting list numbers, monies at bank and consideration as to the costs of delivering services. In the current and previous years where the charity has had insufficient monies to cover expenditure financial assistance has been sought from the Province of Dublin-London to allow the charity to meet its liabilities as they fell due. Financial support should it be required in the twelve months from the date of this report has been confirmed by the Province of Dublin-London and on this basis the trustees are satisfied that there is no material uncertainty and that it is therefore appropriate to prepare the financial statements on a going concern basis. The Trustees have a sound expectation the charity has adequate resources to continue in operational existence for the foreseeable future. There are no known material uncertainties and it is therefore appropriate to prepare the financial statements on a going concern basis.

d. Future plans

The trustees have no plans to change the strategic direction of the Home they wish to continue to deliver care to the elderly at the highest standard.

During the upcoming year we plan to continue the refurbishing of the home.

Our projects for 2025 are:

Page 3

LITTLE SISTERS OF THE POOR GLASGOW SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

a. Governing document

As of 9 May 2017 Little Sisters of the Poor Glasgow SCIO was registered with the Office of the Scottish Charity Regulator under charity number SC047370.

b. Organisational structure

Little Sisters of the Poor, St Joseph's Home, Glasgow is registered with the Office of the Scottish Charity Regulator as a charity. The Home is one of two in Scotland, which come within the jurisdiction and ownership of the Province of Dublin-London of the international religious congregation of the Little Sisters of the Poor. In effect the work carried out in Glasgow is part of the overall charitable works of the Province of Dublin-London of the Little Sisters of the Poor.

The Province of Dublin-London was established in 2021 when the former Provinces of Dublin and London were merged. The Province comprises three Homes in Ireland, six homes in England and the Homes in Glasgow and Greenock (Scotland).

The Homes in Scotland each have their own charity number and as such the financial statements attached only account for the Glasgow Home.

With the amalgamation of our Provinces there are now 16 Provinces in the Congregation.

c. Trustees and decision making

The trustees of the charity constituted as a SCIO are the Mother Superior resident at each of the two Scottish Homes together with the Superior Provincial, Appointments are made by the Sup

The responsibility for the management of the day to day operations of the charity rests with the Mother Superior, reporting to the Superior Provincial who is assisted by a Provincial Council.

d. Induction and training of new trustees

Induction and training as required is given on appointment of the Mother Superior of the Home, or other Order member, with support provided by other members of the Home and, or Order as required.

e. Key management

The trustees are the charity's key management. Theses personnel are in charge of directing, controlling and operating the charity on a day to day basis with the latter being the responsibility of the Mother Superior at the Home.

As a member of the religious Order the trustees receive no remuneration. All members of the Order have their living and personal expenses borne by the Congregation. The expenses of the Mother Superior of the Home will be borne by the SCIO, it is not possible to quantify these costs although the living and personal expenses are modest.

Page 4

LITTLE SISTERS OF THE POOR GLASGOW SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

f. Financial risk management

The trustees have always assessed risk and where necessary put in place plans to manage and mitigate those risks. These matters are subject to regular review by the trustees and the trustees are satisfied that all major risks have been identified and systems or procedures put in place in respect of these. The most significant risk faced by the charity is with regard to cashflow and as noted above financial assistance from the Province is obtained as required.

Reference and administrative details of the Company, its trustees and advisers

Trustees

Company registered number CS002753 Charity registered number SC047370 Registered office Auditors Anderson Anderson & Brown Audit LLP 133 Finnieston Street Glasgow G3 8HB Bankers Royal Bank of Scotland 62-63 Threadneedle Street London EC2R 8LA Solicitors Brodies LLP 110 Queen Street Glasgow G1 3BX Principal Office of the St Peter's Residence Province 2A Meadow Road London SW8 1QH

Page 5

LITTLE SISTERS OF THE POOR GLASGOW SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

A resolution to appoint AAB Audit & Accountancy Limited as auditor of the charity will be proposed at the next board meeting.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Date:

Page 6

LITTLE SISTERS OF THE POOR GLASGOW SCIO

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE SISTERS OF THE POOR GLASGOW SCIO

Opinion

We have audited the financial statements of Little Sisters of the Poor Glasgow SCIO for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 7

LITTLE SISTERS OF THE POOR GLASGOW SCIO

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE SISTERS OF THE POOR GLASGOW SCIO (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 8

LITTLE SISTERS OF THE POOR GLASGOW SCIO

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE SISTERS OF THE POOR GLASGOW SCIO (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

[Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud.]

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the trustees in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable Company's and its shareholders, as a body, for our audit work, for this report, or for the opinions we have formed.

133 Finnieston Street Glasgow G3 8HB

Date:

Anderson Anderson & Brown Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 9

LITTLE SISTERS OF THE POOR GLASGOW SCIO

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
244,914
2,622,013
22,341
2,889,268
3,034,468
3,034,468
(145,200)
99,148
(46,052)
883,417
(46,052)
837,365		 Restricted
funds
2024
£
63,330
-
-
63,330
28,790
28,790
34,540
(99,148)
(64,608)
95,114
(64,608)
30,506		 Total
funds
2024
£
308,244
2,622,013
22,341
2,952,598
3,063,258
3,063,258
(110,660)
-
(110,660)
978,531
(110,660)
867,871		 Total
funds
2023
£
544,717
2,377,816
6,966
2,929,499
2,782,413
2,782,413
147,086
-
147,086
831,445
147,086
978,531

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 25 form part of these financial statements.

Page 10

LITTLE SISTERS OF THE POOR GLASGOW SCIO REGISTERED NUMBER: CS002753

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 5,000
238,388
317,034
560,422
(359,484)		 2024
£
666,933
666,933
200,938
867,871
867,871
30,506
837,365
867,871		 5,000
282,435
460,507
747,942
(403,861)		 2023
£
634,450
634,450
344,081
978,531
978,531
95,114
883,417
978,531

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Date:

The notes on pages 13 to 25 form part of these financial statements.

Page 11

LITTLE SISTERS OF THE POOR GLASGOW SCIO

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 13 to 25 form part of these financial statements		 2024
£
(9,152)
6,951
(141,272)
(134,321)
-
(143,473)
460,507
317,034		 2023
£
431,443
-
(202,420)
(202,420)
-
229,023
231,484
460,507

Page 12

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

Little Sisters of the Poor Glasgow SCIO is a registered Scottish charity (Charity Number SC047370 and SCIO Number CS002753) and constitutes a SCIO (Scottish Charitable Incorporated Organisation).

The principal address of the charity is

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), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The financial statements have been prepared under the historical cost convention.

Little Sisters of the Poor Glasgow SCIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

In their assessment of going concern the trustees have considered the biggest financial impact at the moment is rising staff costs. However with recent measures of sponserships offered to Nurses and Carers in Sri Lanka this is helping to combat the issue in staffing.

The Charity continue to review and control all costs, staff ratios are constantly reviewed according to the Dependency Scores using the Isaac Neville Tool. Additional income is being sought through application to Trusts and various fundraising efforts. Where the Charity has insufficient monies to cover expenditure financial assistance will continue to be provided by the Province to allow the charity to meets its liabilities as they fall due. Financial support should it be required in the twelve months from the date of the report has been confirmed by the Province and on that basis the trustees are satisfied that there is no known material uncertainty and that it is therefore appropriate to prepare the financial statements on a going concern basis.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 13

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is made up of the total of direct costs and support costs. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

2.5 Taxation

The charity is exempt from tax on its charitable activities.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives .

Depreciation is provided on the following basis:

Motor vehicles - 25% on reducing balance Fixtures and fittings - 15% on reducing balance

Expenditure on the acquisition of tangible fixed assets owned by the charity are capitalised in the financial statements.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 14

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.12 Pensions

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.13 Fund accounting

Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.The designated funds relate to fixed assets and comprise of the current net book value of the fixed assets in the accounts.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Grants
Public collecting
Total 2024		 Unrestricted
funds
2024
£
139,250
-
105,664
244,914		 Restricted
funds
2024
£
-
63,330
-
63,330		 Total
funds
2024
£
139,250
63,330
105,664
308,244		 Total
funds
2023
£
341,190
124,668
78,859
544,717

Page 15

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Grants received, included in the above are as follows
Nursing system grant
Scotland's Social Care payment
Stiftung Auxilium
Wolfson Trust Grant
New Lawnmower Grant		 2024
£
-
-
-
60,000
3,330
63,330		 2023
£
84,675
20,000
19,993
-
-
124,668

4. Income from charitable activities

Residents fees
Independent living
Respite		 Unrestricted
funds
2024
£
2,409,315
202,402
10,296
2,622,013		 Total
funds
2024
£
2,409,315
202,402
10,296
2,622,013		 Total
funds
2023
£
2,135,240
242,576
-
2,377,816

5. Income from other trading activities Income from non charitable trading activities

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Fundraising events 22,341 22,341 6,966

6. Analysis of expenditure by activities

Activities
undertaken Support Total Total
directly costs funds funds
2024 2024 2024 2023
£ £ £ £
Care for the elderly 2,961,410 101,848 3,063,258 2,782,413

Page 16

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Rates and insurance
Heat and light
Laundry and cleaning
Provisions
Domestic and household expenses
Medical and funeral expenses
Maintenance contracts, repairs and renewals
Bad debts
Depreciation		 Total
funds
2024
£
2,221,940
88,561
267,802
25,257
105,305
20,494
21,863
106,005
-
104,183
2,961,410		 Total
funds
2023
£
2,006,360
85,052
187,868
25,420
103,768
30,510
16,971
109,534
22,967
89,912
2,678,362

Analysis of support costs

Depreciation
Other office costs
Car and travel
Chapel and devine outlays
Governance costs		 Care for the
elderly
2024
£
2,638
63,989
10,176
11,317
13,728
101,848		 Total
funds
2024
£
2,638
63,989
10,176
11,317
13,728
101,848		 Total
funds
2023
£
3,934
68,210
8,959
10,152
12,796
104,051

Page 17

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Governance costs

2024 2023
£ £
Auditors'remuneration 12,678 11,000
Auditors remuneration for non audit work 1,050 1,796
13,728 12,796

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
2,069,766
127,705
24,469
2,221,940		 2023
£
1,865,770
119,401
21,189
2,006,360

The average number of persons employed by the Company during the year was as follows:

2024 2023
No. No.
Care Home staff 88 93

No employee received remuneration amounting to more than £60,000 in either year.

Key management remuneration

The trustees are the charity's key management. As members of the religious Order the trustees receive no remuneration. All members of the Order have their living and personal expenses borne by the Congregation. the expenses of the Mother Superior of the Home will be borne by the SCIO, it is not possible to quantify these costs although the living and personal expenses are modest.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).

As members of the Order, the trustees living and personal expenses during the year and previous year were borne by the charity.

Governance matters are addressed by members of the Order.

Page 18

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Comparatives for the Statement of Financial Activities

Unrestricted
funds		 Restricted
funds		 Total
funds
2023 2023 2023
£ £ £
Income and endowments from:
Donations and legacies 460,042 84,675 544,717
Charitable activities 2,377,816 - 2,377,816
Other trading activities 6,966 - 6,966
Total 2,844,824 84,675 2,929,499
Expenditure on:
Charitable activities 2,782,413 - 2,782,413
Total 2,782,413 - 2,782,413
Transfers 149,412 (149,412) -
Net income/ (expenditure) 211,823 (64,737) 147,086
Reconciliation of funds:
Total funds brought forward 671,594 159,851 831,445
Total funds carried forward 883,417 95,114 978,531

Page 19

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Tangible fixed assets

Cost or valuation
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
12.
Stocks
Finished goods and goods for resale
13.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 Motor
vehicles
£
50,390
3,015
(14,995)
38,410
38,586
2,638
(13,494)
27,730
10,680
11,804		 Fixtures and
fittings
£
1,651,924
138,257
(21,770)
1,768,411
1,029,278
104,183
(21,303)
1,112,158
656,253
622,646
2024
£
5,000
2024
£
147,815
90,573
238,388		 Fixtures and
fittings
£
1,651,924
138,257
(21,770)
1,768,411
1,029,278
104,183
(21,303)
1,112,158
656,253
622,646
2024
£
5,000
2024
£
147,815
90,573
238,388		 Total
£
1,702,314
141,272
(36,765)
1,806,821
1,067,864
106,821
(34,797)
1,139,888
666,933
634,450
2023
£
5,000
2024
£
147,815
90,573		 2023
£
211,894
70,541
238,388 282,435

Page 20

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
136,162
24,514
20,000
178,808
359,484		 2023
£
198,802
32,457
20,000
152,602
403,861

Other creditors includes pension liability outstanding at the year end of £24 (2023: £5,569).

Deferred income includes income received for the next financial year.

Page 21

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Designated Funds - all funds
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Maryville flats
Nursing booking system
Garden Lawnmower
Total of funds		 Balance at 1
January
2024
£
634,450
248,967
883,417
10,439
84,675
-
95,114
978,531		 Income
£
-
2,889,268
2,889,268
-
60,000
3,330
63,330
2,952,598		 Expenditure
£
-
(3,034,468)
(3,034,468)
-
(28,499)
(291)
(28,790)
(3,063,258)		 Transfers
in/out
£
32,483
66,665
99,148
-
(95,818)
(3,330)
(99,148)
-		 Balance at
31
December
2024
£
666,933
170,432
837,365
10,439
20,358
(291)
30,506
867,871

Maryville Flats - The is money given by the Jesuits to refurbish the Maryville flats.

Nursing booking system - This is a grant provided to cover the cost of a new nursing booking system.

Garden Lawnmower - This is a grant provided to cover the cost of a new garden lawnmower

Page 22

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Tangible fixed assets
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Maryville flats
Nursing booking system
Total of funds		 Balance at
1 January
2023
£
516,876
154,718
671,594
159,851
-
159,851
831,445		 Income
£
-
2,844,824
2,844,824
-
84,675
84,675
2,929,499		 Expenditure
£
-
(2,782,413)
(2,782,413)
-
-
-
(2,782,413)		 Transfers
in/out
£
117,574
31,838
149,412
(149,412)
-
(149,412)
-		 Balance at
31
December
2023
£
634,450
248,967
883,417
10,439
84,675
95,114
978,531

.

Maryville Flats - The is money given by the Jesuits to refurbish the Maryville flats.

Nursing booking system - This is a grant provided to cover the cost of a new nursing booking system.

Page 23

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
Restricted
funds
2024
£
£
Tangible fixed assets
666,933
-
Current assets
529,916
30,506
Creditors due within one year
(359,484)
-
Total
837,365
30,506
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted
funds
2023
£
£
Tangible fixed assets
634,450
-
Current assets
652,828
95,114
Creditors due within one year
(403,861)
-
Total
883,417
95,114
17.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
£
Net income/expenditure for the period (as per Statement of Financial
Activities)
(110,660)
Adjustments for:
Depreciation charges
106,821
Donations in kind
(3,015)
Profit on the sale of fixed assets
(1,968)
Decrease in debtors
44,047
(Decrease) / Increase in creditors
(44,377)
Net cash provided by/(used in) operating activities
(9,152)		 Total
funds
2024
£
666,933
560,422
(359,484)
867,871
Total
funds
2023
£
634,450
747,942
(403,861)
978,531
2023
£
147,086
93,846
(9,000)
-
105,956
93,555
431,443

Page 24

LITTLE SISTERS OF THE POOR GLASGOW SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2024
£
317,034
317,034		 2023
£
460,507
460,507

19. Analysis of changes in net debt

Cash at bank and in hand At 1 January
2024
£
460,507
460,507		 Cash flows
£
(143,473)
(143,473)		 At 31
December
2024
£
317,034
317,034

20. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund.

21. Related party transactions

During the year ended 31 December 2024, £80,000 of donations was received from Provincial House the entity which controls the operations of the UK homes (2023: £200,000). There was no balance outstanding at the year end (2023: nil).

During the year ended to 31 December 2024, there was a donation of a car made to Little Sisters of the Poor Glasgow SCIO by Little Sisters of the Poor Leeds with a value of £3,015 (2023: £9,000).

Page 25