**REGISTERED CHARITY NUMBER: SC050207** 

## **Report of the Trustees and** 

## **Financial Statements for the Year Ended 30 June 2024** 

**for Homeless Project Scotland** 

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB 



**Homeless Project Scotland** 

## **Contents of the Financial Statements for the Year Ended 30 June 2024** 

|||**Page**|
|---|---|---|
|**Reference and Administrative Details**||1|
|**Report of the Trustees**|2|<br>to  3|
|**Independent Examiner's Report**||4|
|**Statement of Financial Activities**||5|
|**Balance Sheet**||6|
|**Notes to the Financial Statements**|7|<br>to  13|





**Homeless Project Scotland** 

## **Reference and Administrative Details for the Year Ended 30 June 2024** 

## **TRUSTEES** 

## **PRINCIPAL ADDRESS** 

## **REGISTERED CHARITY NUMBER** 


194 Argyle Street Glasgow G2 8HA 

SC050207 

## **INDEPENDENT EXAMINER** 

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB 

## **BANKERS** 

Bank of Scotland The Mound Edinburgh EH1 1YZ 

Page 1 



**Homeless Project Scotland** 

## **Report of the Trustees for the Year Ended 30 June 2024** 

The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The charitable objectives are to provide relief and support to those experiencing homelessness and poverty. 

This is achieved by providing access to hot food/drinks, providing clothing and essential provisions, providing advice and advocacy regarding rights, providing emergency care in crisis situations, all with the aim of alleviating suffering and bridging the inequalities faced by the homeless and vulnerable. 

To provide relief in the form of provisions and practical support to any person in need including but not limited to, ill health, financial hardship, or pandemic. 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Introduction** 

Homeless Project Scotland continues to be a beacon of hope for the homeless and vulnerable across Glasgow and Scotland. Over the past year, we have strengthened our services, expanded our support network, and worked tirelessly to ensure that no one is left behind in times of need. 

## **Charitable Purpose and Activities** 

The core mission of Homeless Project Scotland is to provide essential support, including food, shelter, and advocacy, to those experiencing homelessness and poverty. Throughout 2023-2024, we have remained steadfast in our commitment to serving those in need. 

## **Key Achievements in 2023-2024** 

## Soup Kitchen Relocation 

A major milestone this year was moving our soup kitchen from an outdoor setting to an indoor location at Glassford Street. This change has allowed us to provide a safer, more dignified environment for our guests, protecting them from adverse weather while continuing to serve hot nutritious meals and offering support services. 

## Night Shelter Opening 

Recognising the urgent need for emergency accommodation, we opened a night shelter to provide a warm and safe place for those experiencing homelessness. The shelter operates throughout the year, offering up to 33 individuals per night a secure place to sleep. This initiative has been life-changing for many and has reinforced our mission to protect and support vulnerable individuals. 

## Continued Food Service 

Our 7-day-a-week hot food service has remained a crucial lifeline for thousands of individuals. Since December 2023, we have provided hundreds of thousands of meals, ensuring that no one in our community goes hungry. The dedication of our volunteers and donors has made this possible. 

## **Impact and Beneficiaries** 

- **Soup Kitchen:** Successfully relocated and serving increased numbers indoors. 

- **Night Shelter:** Providing emergency accommodation to a maximum of 33 individuals each night. 

- **Food Service:** Operating daily to serve the homeless and vulnerable population. 

- **Volunteers:** Our volunteer-led initiatives continue to expand, reinforcing community support. 

## **Acknowledgements** 

The trustees extend their heartfelt gratitude to our volunteers, donors, supporters, and partners. Without their unwavering dedication, none of our achievements would be possible. A special thank you to for his generosity and continued support, which has played a crucial role in helping us further our mission and reach more people in need. 

## **FINANCIAL REVIEW** 

## **Financial position** 

The charity generated a net surplus of £102,824 for the year ended 30 June 2024 (2023: £276,620). 

At 30 June 2024, total reserves stood at £761,617 (2023: £658,793), with £546,437 of these being unrestricted general funds (2023: £390,788) and £215,180 being designated funds representing the tangible book value of fixed assets (2023: £268,005). 

Page 2 



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Pa90 3

## **Independent Examiner's Report to the Trustees of Homeless Project Scotland** 

I report on the accounts for the year ended 30 June 2024 set out on pages five to thirteen. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(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 examination was 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 accounts. 

## **Independent examiner's statement** 

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

- (1) which gives me reasonable cause to believe that, in any material respect, the requirements 

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and 

- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations 

have not been met; or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 


Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB 

Date: ............................................. 

Page 4 



**Homeless Project Scotland** 

## **Statement of Financial Activities for the Year Ended 30 June 2024** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**Notes**<br>**£**<br>**£**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>3<br>293,145<br>94,957<br>Other trading activities<br>4<br>2,833<br>-<br>**Total**<br>295,978<br>94,957<br>**EXPENDITURE ON**<br>Raising funds<br>5<br>5,000<br>-<br>**Charitable activities**<br>6<br>Supporting homeless and vulnerable people<br>253,736<br>29,375<br>**Total**<br>258,736<br>29,375<br>**NET INCOME**<br>37,242<br>65,582<br>**Transfers between funds**<br>15<br>65,582<br>(65,582)<br>**Net movement in funds**<br>102,824<br>-<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>658,793<br>-<br>**TOTAL FUNDS CARRIED FORWARD**<br>761,617<br>-|**2024**<br>**Total**<br>**funds**<br>**£**<br>388,102<br>2,833<br>390,935<br>5,000<br>283,111<br>288,111<br>102,824<br>-<br>102,824<br>658,793<br>761,617|**2023**<br>**Total**<br>**funds**<br>**£**<br>490,170<br>9,463<br>499,633<br>5,480<br>217,533<br>223,013<br>276,620<br>-<br>276,620<br>382,173<br>658,793|
|---|---|---|



## **CONTINUING OPERATIONS** 

This statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities in both years. 

Comparative figures for the previous year by fund type are shown in note 10. 

The notes on pages 7 to 13 form part of these financial statements 

Page 5 



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2023
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124.795
NET CURRENT ASSETS
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761.617
658,793
NET ASSETS
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FUNOS
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Page 8

**Homeless Project Scotland** 

## **Notes to the Financial Statements for the Year Ended 30 June 2024** 

## **1. GENERAL INFORMATION** 

Homeless Project Scotland  ("the charity") is a Scottish charitable incorporated organisation governed by its Constitution. It was registered as a charity in Scotland (registered number SC050207)  on 5 June 2020. Its registered address is 194 Argyle Street, Glasgow, G2 8HA. 

## **2. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. 

The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with: - the Charities and Trustee Investment (Scotland) Act 2005; 

- Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006; 

- the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities; 

- '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, published in October 2019 (FRS 102)' ("the Charities SORP"); 

- UK Generally Accepted Accounting Practice; and 

- the historical cost convention. 

The charity 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. 

The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound. 

There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements. 

## **Going concern** 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

## **Income** 

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

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Debtors** 

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

## **Cash at bank and in hand** 

Cash at bank and cash 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 7 

continued... 



**Homeless Project Scotland** 

**Notes to the Financial Statements - continued for the Year Ended 30 June 2024** 

## **2. ACCOUNTING POLICIES - continued** 

## **Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Financial instruments** 

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

## **Tangible fixed assets** 

All assets costing more than £500 are capitalised and valued at historic cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Electric Bikes - 20% Straight Line Motor Vehicles - 20% Straight Line Office Equipment - 20% Straight Line 

## **Taxation** 

Homeless Project Scotland is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **3.** 

## **4.** 

## **DONATIONS AND LEGACIES** 

|Donations<br>Grants<br>**OTHER TRADING ACTIVITIES**<br>Charity Shop income|**2024**<br>**£**<br>288,145<br>99,957<br>388,102<br>**2024**<br>**£**<br>2,833|**2023**<br>**£**<br>345,670<br>144,500|
|---|---|---|
|||490,170|
|||**2023**<br>**£**<br>9,463|



Page 8 

continued... 



**Homeless Project Scotland** 

## **Notes to the Financial Statements - continued for the Year Ended 30 June 2024** 

## **5. RAISING FUNDS** 

## **Raising donations and legacies** 

|**2024**<br>**£**<br>Charity Shop Expenses<br>5,000<br>**6.**<br>**CHARITABLE ACTIVITIES COSTS**<br>**Direct**<br>**Support**<br>**Costs (see**<br>**costs (see**<br>**note 7)**<br>**note 8)**<br>**£**<br>**£**<br>Supporting homeless and vulnerable people<br>280,748<br>2,363<br>**7.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>**2024**<br>**£**<br>Insurance<br>21,381<br>Light and heat<br>246<br>Telephone<br>15,792<br>Postage and stationery<br>2,330<br>Advertising<br>3,288<br>Project costs<br>52,389<br>Equipment purchases<br>32,789<br>Bank charges<br>1,175<br>Computer costs<br>10,913<br>Just giving charges<br>328<br>Motor expenses<br>32,526<br>Office expenses<br>12,580<br>Repairs & maintenance<br>21,491<br>Subscriptions<br>4,826<br>Travel expenses<br>3,649<br>Water rates<br>2,695<br>Depreciation<br>62,350<br>280,748<br>**8.**<br>**SUPPORT COSTS**<br>**2024**<br>**£**<br>Bank charges<br>263<br>Accountancy - IE Fee<br>2,100<br>2,363|**2023**<br>**£**<br>5,480<br>**Totals**<br>**£**<br>283,111<br>**2023**<br>**£**<br>15,921<br>7,915<br>5,187<br>-<br>631<br>61,866<br>26,339<br>55<br>7,337<br>1,045<br>39,366<br>5,095<br>7,507<br>2,332<br>2,833<br>1,841<br>30,753<br>216,023<br>**2023**<br>**£**<br>70<br>1,440<br>1,510|
|---|---|



Page 9 

continued... 



**Homeless Project Scotland** 

## **Notes to the Financial Statements - continued for the Year Ended 30 June 2024** 

## **9. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. 

## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>432,670<br>57,500<br>Other trading activities<br>9,463<br>-<br>**Total**<br>442,133<br>57,500<br>**EXPENDITURE ON**<br>Raising funds<br>5,480<br>-<br>**Charitable activities**<br>Supporting homeless and vulnerable people<br>217,533<br>-<br>**Total**<br>223,013<br>-<br>**NET INCOME**<br>219,120<br>57,500<br>**Transfers between funds**<br>57,500<br>(57,500)<br>**Net movement in funds**<br>276,620<br>-<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>382,173<br>-<br>**TOTAL FUNDS CARRIED FORWARD**<br>658,793<br>-|**Total**<br>**funds**<br>**£**<br>490,170<br>9,463<br>499,633<br>5,480<br>217,533<br>223,013<br>276,620<br>-<br>276,620<br>382,173<br>658,793|
|---|---|



Page 10 

continued... 



**Homeless Project Scotland** 

## **Notes to the Financial Statements - continued for the Year Ended 30 June 2024** 

## **11. TANGIBLE FIXED ASSETS** 

|**Electric**<br>**bikes**<br>**£**<br>**COST**<br>At 1 July 2023<br>13,994<br>Additions<br>-<br>At 30 June 2024<br>13,994<br>**DEPRECIATION**<br>At 1 July 2023<br>6,414<br>Charge for year<br>2,799<br>At 30 June 2024<br>9,213<br>**NET BOOK VALUE**<br>At 30 June 2024<br>4,781<br>At 30 June 2023<br>7,580<br>**12.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Other Debtors<br>**13.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Other creditors|**Motor**<br>**Office**<br>**vehicles**<br>**equipment**<br>**£**<br>**£**<br>269,930<br>26,381<br>-<br>9,525<br>269,930<br>35,906<br>28,381<br>7,505<br>53,986<br>5,565<br>82,367<br>13,070<br>187,563<br>22,836<br>241,549<br>18,876<br>**2024**<br>**£**<br>763<br>**2024**<br>**£**<br>9,467<br>2,100<br>11,567|**Totals**<br>**£**<br>310,305<br>9,525<br>319,830<br>42,300<br>62,350<br>104,650<br>215,180<br>268,005<br>**2023**<br>**£**<br>-<br>**2023**<br>**£**<br>23,355<br>1,440<br>24,795|
|---|---|---|
||||



## **14. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

At 30 June, this year and in the prior year, all assets and liabilities are held within unrestricted funds. 

## **15. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>Designated Fixed Assets fund<br>**Restricted funds**<br>The Energy Saving Trust<br>Zurich<br>**TOTAL FUNDS**|**Net**<br>**Transfers**<br>**movement**<br>**between**<br>**At 1/7/23**<br>**in funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>390,788<br>99,592<br>56,057<br>268,005<br>(62,350)<br>9,525<br>658,793<br>37,242<br>65,582<br>-<br>62,957<br>(62,957)<br>-<br>2,625<br>(2,625)<br>-<br>65,582<br>(65,582)<br>658,793<br>102,824<br>-|**At**<br>**30/6/24**<br>**£**<br>546,437<br>215,180<br>761,617<br>-<br>-<br>-<br>761,617|
|---|---|---|



Page 11 

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**Homeless Project Scotland** 

## **Notes to the Financial Statements - continued for the Year Ended 30 June 2024** 

## **15. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|<br>**Unrestricted funds**<br>General fund<br>Designated Fixed Assets fund<br>**Restricted funds**<br>The Energy Saving Trust<br>Impact Funding Partners<br>Zurich<br>**TOTAL FUNDS**|**Incoming**<br>**Resources**<br>**Movement**<br>**resources**<br>**expended**<br>**in funds**<br>**£**<br>**£**<br>**£**<br>295,978<br>(196,386)<br>99,592<br>-<br>(62,350)<br>(62,350)<br>295,978<br>(258,736)<br>37,242<br>62,957<br>-<br>62,957<br>4,000<br>(4,000)<br>-<br>28,000<br>(25,375)<br>2,625<br>94,957<br>(29,375)<br>65,582<br>390,935<br>(288,111)<br>102,824|
|---|---|



## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>Designated Fixed Assets fund<br>**Restricted funds**<br>W A Cargill Fund<br>Scotwest Community Award<br>**TOTAL FUNDS**|**Net**<br>**Transfers**<br>**movement**<br>**between**<br>**At 1/7/22**<br>**in funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>316,308<br>249,873<br>(175,393)<br>65,865<br>(30,753)<br>232,893<br>382,173<br>219,120<br>57,500<br>-<br>55,000<br>(55,000)<br>-<br>2,500<br>(2,500)<br>-<br>57,500<br>(57,500)<br>382,173<br>276,620<br>-|**At**<br>**30/6/23**<br>**£**<br>390,788<br>268,005<br>658,793<br>-<br>-<br>-<br>658,793|
|---|---|---|



Page 12 

continued... 



**Homeless Project Scotland** 

## **Notes to the Financial Statements - continued for the Year Ended 30 June 2024** 

## **15. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|<br>**Unrestricted funds**<br>General fund<br>Designated Fixed Assets fund<br>**Restricted funds**<br>W A Cargill Fund<br>Scotwest Community Award<br>**TOTAL FUNDS**|**Incoming**<br>**Resources**<br>**Movement**<br>**resources**<br>**expended**<br>**in funds**<br>**£**<br>**£**<br>**£**<br>442,133<br>(192,260)<br>249,873<br>-<br>(30,753)<br>(30,753)<br>442,133<br>(223,013)<br>219,120<br>55,000<br>-<br>55,000<br>2,500<br>-<br>2,500<br>57,500<br>-<br>57,500<br>499,633<br>(223,013)<br>276,620|
|---|---|



## **16. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 June 2024. 

## **17. PURPOSE OF UNRESTRICTED FUNDS** 

General Fund - this represents the unrestricted, free reserves of the charity. 

Designated Fixed Asset Fund - this fund represents the net book value of the charity's tangible fixed assets. Annual depreciation is charged to the fund and additions are transferred to it. 

## **18. PURPOSE OF RESTRICTED FUNDS** 

Impact Funding Partners - Funding towards project costs. 

Scotwest Community Awards - Funding to purchase metal containers. 

The Energy Saving Trust Fund - Funding to purchase an electric vehicle. 

Zurich - Funding towards food costs, purchase of a drone and running of electric vehicle. 

W A Cargill Fund - Funding to purchase a new van. 

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