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← Works+

2025-04-30-accounts

Charity registration number SC048445 (Scotland)

WORKS+

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

WORKS+

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 19

WORKS+

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

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(Appointed 16 October 2025) (Appointed 16 October 2025)

Charity number (Scotland) SC048445 Principal address

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Independent examiner
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WORKS+

TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025

The trustees present their annual report and financial statements for the year ended 30 April 2025.

Works+ is a Scottish Charitable Incorporated Organisation (a SCIO) registered in Scotland with OSCR on the 7th May 2018 with the registration number SC048445.

Works+ governance lies with its board of trustees.

The objectives of Works+ are set out in its articles of incorporation submitted to OSCR.

Objectives and activities

Works+ exists to advance education and relieve poverty. Our purposes include:

Whilst we work with a range of age groups, our core focus is young people aged 16–24 who are unemployed, disadvantaged, or furthest from the labour market.

Our approach is person-centred, relationship-based and long-term. Each year we aim to work with around 60 young people, with a target that at least 80% will progress to a positive destination. Our 18-month aftercare model remains essential to sustaining those outcomes.

Achievements and performance

The year ended 30 April 2025 was one of meaningful progress and continued strengthening of the Works+ model.

Key Impact Measures:

Social Return on Investment

An independent economic appraisal confirmed a Benefit-to-Cost Ratio of £3.90 returned to society for every £1 invested, rated High value for money under HM Treasury criteria.

Initial Destinations (8-week Programme)

Of 74 participants:

This represents over 97% progressing to a positive destination following initial support.

Sustained Success (18-month Aftercare)

All participants were unemployed at entry, highlighting the depth and durability of change achieved.

WORKS+

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

Strategic Growth and Service Development

Geographic Expansion

Delivery expanded across Berwickshire and increased in Galashiels, enabling more young people to access support locally.

Dedicated Premises

Our new base in Island Street, Galashiels, provided a five-day-a-week environment for workshops, mentoring and group activity.

Accredited Qualifications

Participants gained accredited qualifications including:

Mental Health Support

With 59% of participants reporting poor mental health at entry, early access to support was crucial. Rapid-referral partnerships with Lifelink and the Distress Brief Intervention service ensured that many received specialist support within 24 hours.

Financial review

The net assets of the charity at 30 April 2025 stood at £132,300 (30 April 2024 - £144,136).

Partnership remains central to the culture of Works+. The organisation’s approach is built on collaboration, and our impact is strengthened through the expertise, commitment and generosity of partner organisations.

Key Funders:

Esmée Fairbairn Foundation Hymans Robertson Foundation National Lottery Young Start Robertson Trust Scottish Borders Council Scottish Building Society

The charity delivered a strong financial performance in 2024/25. However, reliance on short-term and projectbased funding continues to present a strategic risk, limiting long-term planning, staff retention and service continuity for young people with complex needs.

Reserves

Unrestricted reserves increased during the year, and the Board maintained a prudent approach in line with its reserves policy.

Structure, governance and management

WORKS+

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

Works+ is governed by a Board of Trustees which meets every six weeks to oversee strategic direction, financial performance, organisational risk and staff welfare.

The Board continued to review its collective skills and experience and undertook work to broaden trustee capacity in line with organisational needs. Trustee rotation and new appointments during the year supported stronger governance oversight and succession planning.

The day-to-day management of Works+ is overseen bya full-time manager.

The organisation’s success continues to be rooted in the commitment and quality of its staff. This year, two former participants joined the team in paid roles—one now leading the Doing it Differently programme in Galashiels, and another supporting IT and back-office systems. A further team member was recruited to strengthen delivery in Berwickshire.

The trustees have engaged the services of JRW Hogg and Thorburn (Chartered Accountants) as accountants to ensure that accounts are properly scrutinised in accordance with OSCR guidelines.

The trustees who served during the year and up to the date of signature of the financial statements were:

(Deceased 12 January 2025)

(Resigned 19 August 2024)

(Resigned 16 October 2025)

(Appointed 16 October 2025) (Appointed 16 October 2025)

The trustees report was approved by the Board of Trustees.

Trustee

Dated: 18 December 2025

-3-

WORKS+

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORKS+

I report on the financial statements of the charity for the year ended 30 April 2025, which are set out on pages 5 to 19.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

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Dated: 18 December 2025

WORKS+

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025

Unrestricted
Restricted
Restricted
funds
funds
funds
material
general
2025
2025
2025
Notes
£
£
£
Income from:
Donations and legacies
3
84,052
-
30,528
Other trading activities
4
-
-
-
Investments
5
3,458
-
-
Total income
87,510
-
30,528
Expenditure on:
Raising funds
6
-
-
-
Charitable activities
7
87,778
11,333
30,763
Total expenditure
87,778
11,333
30,763
Net expenditure
(268)
(11,333)
(235)
Transfers between funds
6,306
(6,306)
-
Net movement in funds
11
6,038
(17,639)
(235)
Reconciliation of funds:
Fund balances at 1 May 2024
119,169
17,639
7,328
Fund balances at 30 April 2025
125,207
-
7,093		 Total
Unrestricted
Restricted
Restricted
funds
funds
funds
material
general
2025
2024
2024
2024
£
£
£
£
114,580
90,412
-
-
-
735
-
-
3,458
729
-
-
118,038
91,876
-
-
-
2,296
-
-
129,874
76,983
80,434
4,449
129,874
79,279
80,434
4,449
(11,836)
12,597
(80,434)
(4,449)
-
667
-
(667)
(11,836)
13,264
(80,434)
(5,116)
144,136
105,905
98,073
12,444
132,300
119,169
17,639
7,328		 Total
2024
£
90,412
735
729
91,876
2,296
161,866
164,162
(72,286)
-
(72,286)
216,422
144,136

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WORKS+

BALANCE SHEET

AS AT 30 APRIL 2025

2025 2024
Notes £ £ £ £
Current assets
Debtors 16 1,573 1,479
Cash at bank and in hand 133,599 145,612
135,172 147,091
Creditors: amounts falling due within
one year 17 (2,872) (2,955)
Net current assets 132,300 144,136
Income funds
Restricted funds - general 18 7,093 7,328
Restricted funds - material 19 - 17,639
Unrestricted funds 125,207 119,169
132,300 144,136

Trustee

-6-

WORKS+

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

Charity information Works+ is a Scottish Charitable Incorporated Organisation (a SCIO). The registered office ss

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of not less than twelve months. The ongoing support of key funders has been secured. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Volunteer services and donated goods are not recognised in the Statement of Financial Activities, however the value to the charity is disclosed as an amount equivalent to the open market value for an alternative item that would provide an equivalent benefit to the charity. The amounts are shown in note 8.

Grants are recognised when the charity has become entitled to the income and all performance conditions have been met and assurances given. They are allocated between restricted and unrestricted funds according to the nature and conditions of the grant.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Income from fundraising activities is recorded net of fundraising costs as the activities are out with the direct control of the charity.

-7-

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

(Continued)

1.5 Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis, including VAT which is irrecoverable, and is charged against the category of resources expended for which it is incurred.

The operating officers spend some of their time generating funds and making grant applications. This time is not separately recorded or allocated. It is included in the cost of charitable activities.

Volunteer services and donated goods are not recognised in the Statement of Financial Activities, however the value to the charity is disclosed an an amount equivalent to the open market value for an alternative item that would provide an equivalent benefit to the charity. The amounts are shown at note 8.

Management and administrative costs are included in charitable activity costs.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs relate to book-keeping, payroll and the preparation and independent examination of statutory financial statements. There is no apportionment of overhead costs.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There were no critical accounting estimates or judgements required in these financial statements.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
3,502
-
Grants
80,550
30,528
84,052
30,528		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
3,502
2,212
-
111,078
88,200
-
114,580
90,412
-		 Total
2024
£
2,212
88,200
90,412

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

Income from donations and legacies
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants
Agnes Hunter Trust
15,000
-
The Robertson Trust
25,000
-
The Community Fund
26,250
-
Esmee Fairbairn
Foundation
-
-
The Hymans Robertson
Foundation
14,300
2,000
Scottish Borders Council -
No One Left Behind
-
28,528
80,550
30,528		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
15,000
15,000
-
15,000
25,000
25,000
-
25,000
26,250
25,000
-
25,000
-
10,000
-
10,000
16,300
13,200
-
13,200
28,528
-
-
-
111,078
88,200
-
88,200		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
15,000
15,000
-
15,000
25,000
25,000
-
25,000
26,250
25,000
-
25,000
-
10,000
-
10,000
16,300
13,200
-
13,200
28,528
-
-
-
111,078
88,200
-
88,200
88,200

3 Income from donations and legacies

Donated goods and services

Donated goods and services

Microsoft donated their Full Office 365 package for free for staff and clients. The APS Group has donated time with a designer and has provided free stationery and printing services, with an estimated cost saving to the charity of around £600. Vodafone has donated 60 SIM cards for program participants. We also recently had a full economic appraisal conducted free of charge through Pro Bono Economics. They examined all of our data to produce a comprehensive report giving us a clearer understanding of the work we do and the impact on the wider community. These donations are not accounted for through the Statement of Financial Activities.

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events - 235
Other income - 500
Other trading activities - 735

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 3,458 729
6 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staging fundraising events - 2,238
Trading costs
Support costs - 58
Total costs - 2,296

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

7 Charitable activities

Unrestricted
funds
Restricted
funds
material
Restricted
funds
general
2025
2025
2025
£
£
£
Staff costs
41,754
6,784
24,044
Postage and stationery
459
-
-
Telephone and fax
180
18
-
Travelling and subsistence expenses
263
-
-
Advertising
255
-
-
Training
211
-
-
Sundry Expenses
373
-
-
Subscriptions
426
-
-
Project Costs
-
-
6,271
43,921
6,802
30,315
Grant funding of activities (see note 8)
-
-
88
Share of support costs (see note 10)
38,730
4,531
360
Share of governance costs (see note 10)
5,127
-
-
87,778
11,333
30,763		 Total
2025
Unrestricted
funds
Restricted
funds
general
Restricted
funds
material
2024
2024
2024
£
£
£
£
72,582
60,208
-
70,780
459
557
-
-
198
186
-
90
263
682
-
66
255
151
-
-
211
-
-
-
373
494
-
36
426
477
-
-
6,271
205
3,940
-
81,038
62,960
3,940
70,972
88
-
509
-
43,621
9,371
-
9,462
5,127
4,652
-
-
129,874
76,983
4,449
80,434		 Total
2024
£
130,988
557
276
748
151
-
530
477
4,145
137,872
509
18,833
4,652
161,866

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

7 Charitable activities

(Continued)

Unrestricted
funds
Restricted
funds
material
Restricted
funds
general
2025
2025
2025
£
£
£
Analysis by fund
Unrestricted funds
87,778
-
-
Restricted funds - material
-
11,333
-
Restricted funds - general
-
-
30,763
87,778
11,333
30,763		 Total
2025
Unrestricted
funds
Restricted
funds
general
Restricted
funds
material
2024
2024
2024
£
£
£
£
87,778
76,983
-
-
11,333
-
-
80,434
30,763
-
4,449
-
129,874
76,983
4,449
80,434		 Total
2024
£
76,983
80,434
4,449
161,866

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

8 Grants payable

Restricted
Restricted
funds general funds general
2025 2024
£ £
Grants to individuals 88 509
88 509
10 Support costs
Support
Governance
2025		 2024
costs costs
£ £ £ £
Staff costs 30,297 - 30,297 10,941
Rent 9,333 - 9,333 5,700
Telephone 282 - 282 102
Travelling expenses 23 - 23 -
Insurance 1,857 - 1,857 1,383
Subscriptions 319 - 319 319
Computer consumables 170 - 170 -
Sundry expenses 721 - 721 446
Heat & light 619 - 619 -
Independent examination - 1,700 1,700 1,500
Accountancy - 3,427 3,427 3,152
43,621 5,127 48,748 23,543
Analysed between
Trading - - - 58
Charitable activities 43,621 5,127 48,748 23,485
43,621 5,127 48,748 23,543
11 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,700 1,500

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

12 Taxation

The Scottish Charitable Incorporated Organisation (SCIO) is a registered charity and is therefore exempt from taxation on its charitable activities.

13 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
4
2025
£
97,053
3,484
2,342
102,879		 2024
Number
5
2024
£
131,591
6,906
3,432
141,929

There were no employees whose annual remuneration was more than £60,000.

14 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 2,342 3,432

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

16 Debtors
2025 2024
Amounts falling due within one year: £ £
Prepayments and accrued income 1,573 1,479

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

17 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Accruals and deferred income		 2025
£
1,042
130
1,700
2,872		 2024
£
1,455
-
1,500
2,955

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 May 2024 Incoming Resources Transfers At 30 April
resources expended 2025
£ £ £ £ £
7,328 30,528 (30,763) - 7,093
Previous year: At 1 May 2023 Incoming Resources Transfers At 30 April
resources expended 2024
£ £ £ £ £
12,444 - (4,449) (667) 7,328

19 Restricted funds - material

These are restricted funds which are material to the charity's activities.

At 1 May 2024 Resources Transfers At 30 April
expended 2025
£ £ £ £
17,639 (11,333) (6,306) -
Previous year: At 1 May 2023 Resources Transfers At 30 April
expended 2024
£ £ £ £
98,073 (80,434) - 17,639

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2024
Incoming
resources
Resources
expended
Transfers
At
£
£
£
£
General funds
119,169
87,510
(87,778)
6,306
Previous year:
At 1 May 2023
Incoming
resources
Resources
expended
Transfers
At
£
£
£
£
General funds
105,905
91,876
(79,279)
667		 30 April
2025
£
125,207
30 April
2024
£
119,169

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

21
Analysis of net assets between funds
Unrestricted
funds
Restricted funds
material
Restricted funds
general
2025
2025
2025
£
£
£
Fund balances at 30 April
2025 are represented by:
Current assets/(liabilities)
117,905
19,512
7,328
117,905
19,512
7,328		 Total
Unrestricted
funds
Restricted funds
material
Restricted funds
general
2025
2024
2024
2024
£
£
£
£
144,136
105,905
98,073
12,444
144,136
105,905
98,073
12,444		 Total
2024
£
144,136
144,136

WORKS+

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

22 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).