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← Homeless Project Scotland

2025-06-30-accounts

REGISTERED CHARITY NUMBER: SC050207

Report of the Trustees and Financial Statements for the Year Ended 30 June 2025

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 2025

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||| |---|---| |Page| |Reference and Administrative Details|1| |Report of the Trustees|2 to 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|9 to 15|

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Homeless Project Scotland

Reference and Administrative Details for the Year Ended 30 June 2025

TRUSTEES C McInnes (Chairperson)
F Riddell (Treasurer)
L Mundell
S Nayar
A Hamilton
C Riddell
L Glancy
J Friary
M Radwan
PRINCIPAL ADDRESS 194 Argyle Street
Glasgow
G2 8HA
REGISTERED CHARITY NUMBER SC050207
INDEPENDENT EXAMINER David Nicholls FCCA
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 2025

The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. 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 of Homeless Project Scotland remain to provide relief and support to those experiencing homelessness, poverty, and crisis.

This is achieved through:

Our aim is to alleviate suffering, reduce inequalities, and ensure dignity and compassion for all those we support.

ACHIEVEMENT AND PERFORMANCE Charitable Activities Introduction

During 2024-2025, Homeless Project Scotland has continued to play a critical frontline role in responding to the ongoing homelessness crisis across Glasgow and beyond. Demand for our services has not only remained high but has continued to increase significantly.

Ongoing Housing Emergency and Service Pressures

The continued housing emergency across Scotland has placed sustained and increasing pressure on our services throughout the year.

We have seen a growing number of individuals presenting as homeless, many of whom have been unable to access suitable accommodation through statutory services. This has resulted in:

Our night shelter has regularly operated at full capacity, with 33 individuals accommodated nightly, alongside frequent overflow exceeding 20 additional individuals. This level of demand highlights the gap between need and available statutory provision.

Volunteers are increasingly responding to individuals who would otherwise be left without shelter, often late at night and in high-risk circumstances. The pressure on our teams -both physically and emotionally- has been significant.

Despite these challenges, Homeless Project Scotland has continued to operate without paid staff, relying entirely on volunteers to meet demand. The persistence of the housing emergency reinforces the critical importance of our work and the urgent need for long-term, sustainable solutions at a national and local level.

Page 2

Homeless Project Scotland

Report of the Trustees for the Year Ended 30 June 2025

ACHIEVEMENT AND PERFORMANCE Charitable Activities Charitable Activities and Impact

Soup Kitchen - Glassford Street

Our indoor soup kitchen at Glassford Street has continued to operate successfully, providing a consistent, safe, and dignified environment for those in need. The service runs seven days a week and remains a vital lifeline.

We are now supporting over 450 individuals each night who queue for a hot meal in Glasgow, demonstrating the scale of need within the community. This figure reflects the growing demand for basic provisions and highlights the ongoing pressures faced by those experiencing poverty and homelessness.

Night Shelter Provision

Our night shelter has continued to operate throughout the year, providing emergency accommodation for individuals experiencing homelessness.

This ongoing provision has been critical in protecting vulnerable individuals from the risks associated with rough sleeping.

Community Transport Service

During the year, we have continued to provide a community transport service to support individuals experiencing homelessness in accessing essential services.

This service enables people to:

This provision removes a significant barrier for many individuals who would otherwise struggle to access basic services, helping to improve health outcomes, stability, and overall wellbeing.

Food Provision and Welfare Support

We have continued to provide large-scale food support alongside our shelter services, ensuring that individuals accessing our services receive both nutrition and care. Our approach remains holistic, focusing not only on immediate needs but also on dignity and wellbeing.

Street Teams and Cycling Outreach

Our street teams and cycling outreach teams have continued to operate across the city, proactively engaging with individuals who may not access fixed services.

These teams:

Partnership Working

We have continued to strengthen and maintain our working relationships with:

These partnerships have been essential in ensuring coordinated support and safeguarding for those in crisis.

Volunteers

Homeless Project Scotland remains a fully volunteer-led organisation with no paid staff.

Our volunteers are the backbone of everything we do. Their dedication, compassion, and resilience have enabled us to:

Page 3

Homeless Project Scotland

Report of the Trustees for the Year Ended 30 June 2025

ACHIEVEMENT AND PERFORMANCE

Without their commitment, our work would not be possible.

Acknowledgements

The trustees would like to extend sincere thanks to all volunteers, donors, supporters, and partner organisations who have contributed to the continued success of Homeless Project Scotland.

Your ongoing support has enabled us to continue delivering vital services and to stand alongside those experiencing homelessness with compassion, dignity, and practical help.

FINANCIAL REVIEW

Financial position

The charity incurred a net deficit of £88,120 for the year ended 30 June 2025 (2024: Surplus of £102,824).

At 30 June 2025, total reserves stood at £679,497 (2024: £761,617), with £477,405 of these being unrestricted general funds (2024: £546,437) and £202,092 being designated funds representing the tangible book value of fixed assets (2024: £215,180).

Reserves policy

It is the policy of the Trustees to hold reserves equivalent to twelve months running costs, based on the expenditure for the year to 30 June 2025 this equates to £333,140 including depreciation charge (2024: £288,111)

At 30 June 2025, unrestricted general reserves stood at £454,362, therefore the Trustees are satisfied that this policy is being met.

Funds in excess of the reserves policy will be reinvested in the development of the charity. We are holding these to prepare for the purchase of a building to allow us to continue improving upon the charity's services. This surplus will also ensure that our clients have access to Homeless Project Scotland and its services, with minimal disruption.

Whilst Homeless Project Scotland runs on donations it is important that these funds are kept to counter effects of inflation and other costs associated with the increase in cost-of-living crisis and also to account for the increasing number of clients accessing our seven night service.

CHALLENGES AND FUTURE PLANS

Despite increasing pressures caused by the ongoing housing emergency, Homeless Project Scotland has continued to sustain and expand its services throughout 2024-2025. We remain committed to ensuring that no one is left without food, support, or a safe place to sleep.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Homeless Project Scotland was established as a charity on 5 June 2020 and is registered with the Office of the Scottish Regulator Charity No SC050207. The charity is a Scottish Charitable Incorporated Organisation (SCIO) and is governed by its constitution.

Decision making: The trustees are responsible for the management of the charity. They meet monthly. Significant management and financial decisions are recorded.

Trustees are appointed and removed by unanimous agreement of trustees.

Recruitment and appointment of new trustees

The board make decisions in the best interest of the charity, in line with Homeless Project Scotland’s' ethos and with the longevity and success of the charity at the forefront of decision making. We are continually on the lookout for new trustees to join our board. The people we invite to join our board have valued skills to bring and have been stand out volunteers. Through volunteering they have developed a thorough knowledge and understanding of Homeless Project Scotland which is critical to their integration and success on the board of trustees and ensures that trustees have a full understanding of what is in the best interest of the charity.

Key management remuneration

The charity's key management personnel are the trustees. The trustees all give their time on a voluntary basis.

Page 4

Homeless Project Scotland

Report of the Trustees for the Year Ended 30 June 2025

27/03/2026

Approved by order of the board of trustees on ....... ~~....~~ 67260000-0246-7690-DE9F-08DE8E3A5410......................... ~~....~~ ..... and signed on its behalf by:

~~_ G~~ 67260000-0246-7690-DE9B-08DE8E3A5410 ur ~~fr~~

.... ~~.............~~ .................................. ~~..............~~ ......... C McInnes - Trustee

Page 5

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

I report on the accounts for the year ended 30 June 2025 set out on pages seven to fifteen.

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 :

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.

~~an~~ 67260000-0246-7690-DEA9-08DE8E3A5410

67260000-0246-7690-DEA9-08DE8E3A5410

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

30/03/2026 Date: .......... ~~...~~ .......................67260000-0246-7690-DEAD-08DE8E3A5410 ~~....~~ .....

Page 6

Homeless Project Scotland

Statement of Financial Activities for the Year Ended 30 June 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 228,260 22,000 250,260 388,102
Other trading activities 4 760 - 760 2,833
Total 229,020 22,000 251,020 390,935
EXPENDITURE ON
Raising funds 5 3,750 - 3,750 5,000
Charitable activities 6
Supporting homeless and vulnerable people 307,390 22,000 329,390 283,111
Total 311,140 22,000 333,140 288,111
NET INCOME/(EXPENDITURE) (82,120) - (82,120) 102,824
RECONCILIATION OF FUNDS
Total funds brought forward 761,617 - 761,617 658,793
TOTAL FUNDS CARRIED FORWARD 679,497 - 679,497 761,617

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 9 to 15 form part of these financial statements

Page 7

Homeless Project Scotland

Balance Sheet 30 June 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 11 202,092 215,180
CURRENT ASSETS
Debtors 12 3,588 763
Cash at bank and in hand 496,888 557,241
500,476 558,004
CREDITORS
Amounts falling due within one year 13 (23,071) (11,567)
NET CURRENT ASSETS 477,405 546,437
TOTAL ASSETS LESS CURRENT LIABILITIES 679,497 761,617
NET ASSETS 679,497 761,617
FUNDS 15
Unrestricted funds:
General fund 477,405 546,437
Designated Fixed Assets fund 202,092 215,180
679,497 761,617
TOTAL FUNDS 679,497 761,617
27/03/2026
The financial statements were approved by the Board of Trustees and authorised for issue on ...... The financial statements were approved by the Board of Trustees and authorised for issue on ...... The financial statements were approved by the Board of Trustees and authorised for issue on ...... ........ and
67260000-0246-7690-DEB7-08DE8E3A5410

The financial statements were approved by the Board of Trustees and authorised for issue on ...... ~~....~~ 67260000-0246-7690-DEB7-08DE8E3A5410....................... ~~....~~ ........ and were signed on its behalf by:

~~~~ 67260000-0246-7690-DEB5-08DE8E3A5410 PH ~~Y ......~~ .................................. ~~..... ~~

F Riddell - Trustee

The notes on pages 9 to 15 form part of these financial statements

Page 8

Homeless Project Scotland

Notes to the Financial Statements for the Year Ended 30 June 2025

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;

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.

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continued...

Homeless Project Scotland

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

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 Fixtures and Fittings - 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. DONATIONS AND LEGACIES

3. DONATIONS AND LEGACIES
2025 2024
£ £
Donations 228,260 288,145
Grants 22,000 99,957
250,260 388,102
4. OTHER TRADING ACTIVITIES
2025 2024
£ £
Charity Shop income 760 2,833

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continued...

Homeless Project Scotland

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

5. RAISING FUNDS

Raising donations and legacies
2025 2024
£ £
Charity Shop Expenses 3,750 5,000
6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£ £ £
Supporting homeless and vulnerable
people 325,771 3,619 329,390
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
2025 2024
£ £
Insurance 18,790 21,381
Light and heat 7,311 246
Telephone 6,039 15,792
Postage and stationery 3,547 2,330
Advertising 648 3,288
Project costs including Clothing, Essentials, Food & drink etc 84,148 52,389
Equipment purchases 25,989 32,789
Bank charges 1,129 1,175
Computer costs 19,920 10,913
Just giving charges 187 328
Motor expenses 31,992 32,526
Office expenses 9,071 12,580
Repairs & maintenance 10,802 21,491
Subscriptions 3,359 4,826
Travel expenses 29,724 3,649
Water rates 1,654 2,695
Training costs 2,000 -
General Expenses 3,959 -
Depreciation 65,502 62,350
325,771 280,748

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continued...

Homeless Project Scotland

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

8. SUPPORT COSTS

SUPPORT COSTS
2025 2024
£ £
Bank charges 476 263
Preparation and Independent Examination of Accounts 2,100 2,100
Professional and legal fees 1,043 -
3,619 2,363

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

Trustees' expenses

Two of the trustees, C. McInnes and F. Riddell, were reimbursed for mileage expenses incurred during the 2024-25 financial year. The amounts totalled £8,405 and £12,065 respectively, calculated using HMRC approved mileage rates. These costs relate to voluntary work carried out on behalf of the charity, including attending meetings, volunteer management, and general trustee duties. These balances were outstanding at the year end and were subsequently paid on 21 March 2026 (2024: £Nil).

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 293,145 94,957 388,102
Other trading activities 2,833 - 2,833
Total 295,978 94,957 390,935
EXPENDITURE ON
Raising funds 5,000 - 5,000
Charitable activities
Supporting homeless and vulnerable people 253,736 29,375 283,111
Total 258,736 29,375 288,111
NET INCOME 37,242 65,582 102,824
Transfers between funds 65,582 (65,582) -
Net movement in funds 102,824 - 102,824
RECONCILIATION OF FUNDS
Total funds brought forward 658,793 - 658,793
TOTAL FUNDS CARRIED FORWARD 761,617 - 761,617

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continued...

Homeless Project Scotland

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

11. TANGIBLE FIXED ASSETS

11. TANGIBLE FIXED ASSETS
Fixtures
Electric and Motor Office
bikes fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 July 2024 13,994 - 269,930 35,906 319,830
Additions 8,400 6,247 36,483 1,283 52,413
At 30 June 2025 22,394 6,247 306,413 37,189 372,243
DEPRECIATION
At 1 July 2024 9,213 - 82,367 13,070 104,650
Charge for year 3,219 1,145 55,552 5,585 65,501
At 30 June 2025 12,432 1,145 137,919 18,655 170,151
NET BOOK VALUE
At 30 June 2025 9,962 5,102 168,494 18,534 202,092
At 30 June 2024 4,781 - 187,563 22,836 215,180
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other Debtors 763 763
Prepayments 2,825 -
3,588 763
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 501 9,467
Other creditors 22,570 2,100
23,071 11,567

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

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/7/24 in funds funds 30/6/25
£ £ £ £
Unrestricted funds
General fund 546,437 (16,618) (52,414) 477,405
Designated Fixed Assets fund 215,180 (65,502) 52,414 202,092
761,617 (82,120) - 679,497
TOTAL FUNDS 761,617 (82,120) - 679,497

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Homeless Project Scotland

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

15. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 229,020 (245,638) (16,618)
Designated Fixed Assets fund - (65,502) (65,502)
229,020 (311,140) (82,120)
Restricted funds
Zurich 17,000 (17,000) -
Merchants House 5,000 (5,000) -
22,000 (22,000) -
TOTAL FUNDS 251,020 (333,140) (82,120)
Comparatives for movement in funds
Net Transfers
movement between At
At 1/7/23 At 1/7/23
in funds		 funds 30/6/24
£ £ £ £ £
Unrestricted funds
General fund 390,788 99,592 56,057 546,437
Designated Fixed Assets fund 268,005 (62,350) 9,525 215,180
658,793 37,242 65,582 761,617
Restricted funds
The Energy Saving Trust - 62,957 (62,957) -
Zurich - 2,625 (2,625) -
- 65,582 (65,582) -
TOTAL FUNDS 658,793 102,824 - 761,617
Comparative net movement in funds, included in the above are as follows: Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 295,978 (196,386) 99,592
Designated Fixed Assets fund - (62,350) (62,350)
295,978 (258,736) 37,242
Restricted funds
The Energy Saving Trust 62,957 - 62,957
Impact Funding Partners 4,000 (4,000) -
Zurich 28,000 (25,375) 2,625
94,957 (29,375) 65,582
TOTAL FUNDS 390,935 (288,111) 102,824

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Homeless Project Scotland

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2025 other than the transactions described in note 9 (2024: £Nil)

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

The Merchants House of Glasgow - Funding towards food costs and shelter running costs.

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

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