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← All Life Chances

2025-03-31-accounts

ALL LIFE CHANCES (SCIO) CHARITY NUMBER : SC051796

TRUSTEES REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

ALL LIFE CHANCES (SCIO)

CONTENTS

Page
Trustees Annual Report 1-4
Report 5-8
Income and Expenditure Account 9
(Incorporating a Statement of Financial Activities)
Balance Sheet 10
Statement of Cash Flows 11
Notes to the Accounts 12-19

ALL LIFE CHANCES (SCIO)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

REFERENCE AND ADMINISTRATION DETAILS

Registered Charity number SC051796

==> picture [237 x 365] intentionally omitted <==

Auditor

Hall Morrice LLP 7 Queens Terrace Aberdeen AB10 1XL

Bankers

Bank Of Scotland The Mound Edinburgh EH1 1YZ

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ALL LIFE CHANCES (SCIO)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE GOVERNANCE AND MANAGEMENT

The charity is a Scottish charitable incorporate organisation governed by its Constitution. The adherence to those objectives.

Recruitment and appointment and training of trustees

Trustees are appointed annually by the members during its Annual General Meeting. Trustee induction and training is considered on an ongoing basis, particularly in the event of a new trustee being adopted.

Organisational Structure

The activities of All Life Chances are governed by the Board of Trustees. The Trustees meet regularly during the year and these meetings are attended by all or a majority of the Trustees.

Risk Management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finance of the Trust and are satisfied that systems are in place to mitigate their exposure to the major risks.

Objectives & Activities

Our vision is to help create a society where every individual can thrive and succeed, irrespective of their

Working with key partners, we help develop community hubs - physical or virtual - which support

We do this by providing practical, professional and financial support to existing charitable organisations,

We support existing groups, charities and communities by:

Our main purposes being:

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ALL LIFE CHANCES (SCIO)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Achievements & Performance

This year has been a particularly active and impactful one for the charity, as we continued to strengthen our presence in the communities we serve. Our efforts were especially focused in the Tillydrone and Northfield areas of Aberdeen; neighbourhoods facing challenges relating to poverty and social inequality. Through close collaboration with local groups and the delivery of targeted support, we have been able to make meaningful progress in addressing community needs and empowering residents.

Highlights of our year have included:

Looking Ahead

Building on the momentum of this year, we remain committed to expanding the reach and impact of our work. A key priority for the year ahead is to extend our support to more community groups, empowering them to strengthen their services and reach those who need them most.

We believe that early intervention and meaningful engagement with young people lay the foundation for long-term, positive change. With this in mind, we are developing a range of youth-focused activities and supportive environments where young people can build confidence, learn new skills, and access opportunities that help them thrive.

To support our growth and sustainability, we will be launching our own fundraising events. These will generate essential income, widen our supporter base, and raise our public profile within the community. Another major milestone for the coming year will be the launch of our new website. This platform will enhance our digital presence and serve as a hub for sharing updates, engaging supporters, and showcasing the stories of the people and communities we serve.

We are also focused on strengthening our governance. Plans are underway to expand our Board of Trustees, bringing in individuals with diverse backgrounds and specialist expertise. This will ensure our leadership remains inclusive, forward-thinking, and responsive to emerging needs.

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Docusyjn Envelope ID: Cl1DFB0>616￿3￿mD87￿ClA1e0O2BE3 ALL LIFE CHANCES scio TRUSTEES ANNUAL REPORT CONT'D FOR THE YEAR ENDED 31 MARCH 2025 Finally. we aim to deepen our partnerships with local businesses. By working collaboratively with the private sector. we hope to unlock new resources and create innovative opportunities that enhan￿ our ability to support those most in need. These partnerships will play a vital role in scaling our efforts and driving sustainable, communty-led change. Financial Review With the refurbishment of the Dill Road having been completed towards the previous year, the focus turned to recruitment of staff to enable All Lrfe Chan￿S to fvrther it objectives of providing support to the young people of Aberdeen either directly or indirectly. The employment costs have comprised a large part of the costs together with rebranding and website costs. As detailed under the Achievements and Perfonnance. the work has been focused on supporting existing charities wth in the Aberdeen area. In addition. work has been ongoing developing the policies and procedures of the organization. The deficit for the year of £162.111 has arisen as there has not been a focus on generation of funds for our own charity. However. the Trustees are aware that this will need to change and work has already begun to remedy the situation. The property at Dill Road has been placed in a designated Property Fund during the year and an investment portfolio has been created with excess cash balances, and the majority of this has been placed in a designated Invesknent Fund. The TNstees do not have any immediate concems over the viabilty of the Charty. The TNstees declare that they approved the Tnjstees Annual Report above on 29 December 2025. President Treasurer

ALL LIFE CHANCES (SCIO) TO THE TRUSTEES OF ALL LIFE CHANCES

Opinion

We have audited the financial statements of All Life Chances (SCIO) March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 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 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

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 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.

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.

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ALL LIFE CHANCES (SCIO) TO THE TRUSTEES OF ALL LIFE CHANCES

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 in relation to which the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

preparation of 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.

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.

dit 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 regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free 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 about, 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:

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ALL LIFE CHANCES (SCIO)

TO THE TRUSTEES OF ALL LIFE CHANCES

In identifying and assessing the risk of material misstatement due to non-compliance with laws and regulations we have:

In identifying and assessing the risk of material misstatement due to irregularities, including fraud and how it may occur, and the potential for management bias and the override of controls we have:

We did not identify any matters relating to non-compliance with laws and regulations, or relating to fraud.

Because of the inherent limitations of an audit, there is an unavoidable risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk of not detecting a material misstatement due to fraud is inherently more difficult than detecting those that result from error as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. In addition, the further removed any non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial s part of our

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Docusyjn Envelope ID: Cl1DFB0>616￿3￿mD87￿ClA1e0O2BE3 ALL LIFE CHANCES scio INDEPENDENT AUDITOR'S REPORT CONT'D TO THE TRUSTEES OF ALL LIFE CHANCES Use of our report This report is made solely to the charitys trustees, as a body, in accordan￿ with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to stste lo them in an auditorfs ￿ port and for no other purpose. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the charity and the charitys trustees as a body. for our audit work, for this report. or for the opinions we have formed. Hall Morrice LLP ststutory Auditors Aberdeen. 29 December 2025

ALL LIFE CHANCES (SCIO)

INCOME AND EXPENDITURE ACCOUNT (Incorporating a STATEMENT OF FINANCIAL ACTIVITIES) FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income from:
Investment Income
3
Income from Charitable Activities:
Rental Income
Donations
4
Total
Expenditure on:
Charitable activities
5
Finance costs
Total
Net surplus/(deficit)
Net loss on investments
6
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
2025
Total
£
18,279
26,831
350
45,460
183,337
3,804
187,141
(141,681)
(20,430)
(162,111)
3,772,583
3,610,472		 Unrestricted
2024
Total
£
-
-
3,808,827
3,808,827
70,032
-
70,032
3,738,795
-
3,738,795
33,788
3,772,583

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

All incoming resources and resources expended derive from continuing activities.

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Docusyjn Envelope ID: Cl1DFB0>616￿3￿mD87￿ClA1e0O2BE3 ALL LIFE CHANCES scio BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 Notes Fixed Assets Tangible Assets Investrient Property 2,564 2.579.763 2,607,401 10 Investments 11 1,042,555 52,017 3.624,882 2.659.418 Current Assets Debtors 12 23,184 15.252 Bank Balances 5,319 1.186,191 28.503 1.201.443 Current Liabilities Creditors: Amounts falling due within one year Net Current Assets 13 (14.410) 1.113.165 Total Net Assets 3.610,472 3,772,583 Represented by= General Fund Unrestricted Funds 14 88.154 3.772,583 Designated funds 15 3.522,318 3,610,472 3,772,583 Approved by the Board of Trustees on 29 De￿mber 2025 and signed on their behalf by PresKlent Treasurer -10-

ALL LIFE CHANCES (SCIO)

STATEMENT OF CASHFLOWS YEAR ENDED 31 MARCH 2025

(i)
Cash flows from operations
(Deficit)/surplus for the year
Adjustments for:
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Increase in debtors
Decrease in creditors
Cash generated from/(used by) operations
(ii) Analysis of changes in net funds
Cash flows (used in)/generated from operating
activities
Cash (used in)/generated from operations (Note i)
Investing activities
Purchase of tangible fixed assets
Disposal of tangible fixed assets
Purchase of fixed asset investments
Fair value movements on fixed asset investments
Proceeds on disposal of fixed asset investments
Net cash used in investing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 (162,111)
285
(7,932)
(45,365)
(215,123)
2025
£
(215,123)
(27,077)
51,866
(1,000,100)
9,562
-
(965,749)
(1,180,872)
1,186,191
5,319		 3,738,795
-
(15,252)
(852,853)
2,870,690
2024
£
2,870,690
(2,571,213)
938,731
(85,499)
-
33,482
(17,079)
1,186,191
-
1,186,191

The charity has no material debt during the year.

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

1 Accounting Policies

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The charity constitutes 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 management committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The management committee ability to continue. The financial statements have therefore been prepared on the basis that the charity is a going concern.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property 2% straight line Fixtures, fittings and equipment 15% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

1 Accounting Policies (continued)

Expenditure on assets with a value of less than £100 is not capitalised as fixed assets and is treated as revenue expenditure

Creditors 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 are normally recognised at their settlement amount.

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 of opening of the deposit or similar account.

The cost of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

services are received.

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

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

2 Trustees Remuneration

No trustees received remuneration during the year £nil (2024 - £nil).

Trustees expenses:

No expenses were reimbursed to trustees during the year £nil (2024 - £nil).

3 Income from Investments

Investment Income
Bank Interest
Investment Interest Received
Dividend Income
4
Income from Charitable Activities - Donations
Donation of Assets
Donations
5
Expenditure on charitable activities
Staffing Costs
Property Costs
Legal and Professional Fees
Administration Costs
6
Net loss on investments
Unrealised Loss on Investments
Gain on Sale of Investments
 2025
2,735
11,317
4,227
18,279
2025
£
-
350
350
Unrestricted
2025
£
145,108
-
35,895
2,334
183,337
Unrestricted
2025
£
(23,497)
3,067
(20,430)		 2024
-
-
-
-
2024
£
2,808,827
1,000,000
3,808,827
Unrestricted
2024
£
43,620
89
25,989
334
70,032
Unrestricted
2024
£
-
-
-

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

7 Employees

Number of employees

The average monthly number of employees during the year was:

Management and Administration
Employment Costs
Wages and Salaries
Social Security Costs
Other pension costs
Defined Contribution Pension Costs		 2025
Number
3
3
132,935
10,207
1,966
145,108
1,966		 2024
Number
1
1
42,981
199
440
43,620
440

There was one employee whose annual remuneration was £60,000 or more. The key management personnel of the charity are defined as those who have the authority and responsibility for planning, directing, and controlling the entity's activities. Within All Life Chances, this comprises more than one individual. The total remuneration of key management personnel in the year amounted to £127,135 (2024 - £42,981).

8

9,500 (2024 - £7,500).

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

9 Tangible Fixed Assets

Property
Office
equipment
£
£
Cost
At 1 April 2024
2,606,399
-
Additions
25,230
1,847
Transfer to investment property
(2,579,763)
-
Disposals
(51,866)
-
At 31 March 2025
-
1,847
Depreciation
At 1 April 2024
-
-
Charge for the year
-
150
At 31 March 2025
-
150
Carrying Amount
At 31 March 2025
-
1,697
At 31 March 2024
2,606,399
-
In 2025 and 2024, all tangible assets related to unrestricted funds.		 Fixtures
and fittings
£
1,002
-
-
-
1,002
-
135
135
867
1,001		 Total
£
2,607,401
27,077
(2,579,763)
(51,866)
2,849
-
285
285
2,564
2,607,401

11 Investment Property



Cost
At 1 April 2024

Transfer from tangible fixed assets

Valuation changes
Disposals

At 31 March 2025

Impairment
At 1 April 2024

At 31 March 2025

Carrying Amount
At 31 March 2025

At 31 March 2024
In 2025, all investment property related to unrestricted funds.		 2025
£
-
2,579,763
-
-
2,579,763
-
-
2,579,763
-

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

11 Fixed Asset Investments



Cost
At 1 April 2024

Additions

Valuation changes
Disposals

At 31 March 2025

Impairment
At 1 April 2024

At 31 March 2025

Carrying Amount
At 31 March 2025

At 31 March 2024		 2025
£
52,017
1,000,100
(9,562)
-
1,042,555
-
-
1,042,555
52,017		 2024
£
-
85,445
(33,428)
52,017
-
-
52,017

In 2025 and 2024, all fixed asset investments related to unrestricted funds.

12 Debtors

2025
£
Other debtors
23,184
In 2025 and 2024, all amounts are attributable to unrestricted funds.		 2024
£
15,262

13 Creditors: Amounts falling due within one year

Trade creditors
Accruals
In 2025 and 2024, all amounts are attributable to unrestricted funds.		 2025
£
163
42,750
42,913
 2024
£
1,163
87,115

88,278

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

14 Unrestricted Funds

Unrestricted Funds
General Fund		 Balance as
at 1st April
2024
£
3,772,583
3,772,583		 Incoming
Resources
£
45,460
45,460		 Outgoing
Resources
£
(207,571)
(207,571)		 Transfers
£
(3,552,318)
(3,552,318)		 Balance as at
31st March
2025
£
88,154
88,154

15 Designated Funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Investments
Property		 Balance as
at 1st April
2024
£
-
-
-		 Incoming
Resources
£
-
-
-		 Outgoing
Resources
£
-
-
-		 Transfers
£
942,555
2,579,763
3,552,318		 Balance as at
31st March
2025
£
942,555
2,579,763
3,552,318

Investment Fund - This fund has been created to hold the investments, which are to be used to provide income to the charity.

Dill Road Property Fund - This fund has been created to safeguard the property at Dill Road.

16 Analysis of assets between funds


Fund balances at 31 March 2025 are
represented by:
Tangible Assets
Investment Property
Investments
Current Assets
Creditors due within one year
 Unrestricted
2025
£
2,564
-
100,000
28,503
(42,913)
88,154		 Designated
2025
£
-
2,579,763
942,555
-
-
3,522,318		 Total
2025
£
2,564
2,579,763
1,042,555
28,503
(42,913)
3,637,244

In 2024, all amounts were attributable to unrestricted funds.

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ALL LIFE CHANCES (SCIO)

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025

17 Pension

Defined Contribution

Contribution payable by the charity for the year 2025
£
1,966		 2024
£
440

18 Related Party Transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Donations Received
2025
2024
£
£
100
-
Infinity Partnership Limited
250
-
Total
350
-
Infinity Partnership Limited, an accountancy practice in which trustee
 Rental Income Received
2025
2024
£
£
-
-
6,831
-
6,831
-
is a director, undertook

Infinity Partnership Limited, an accountancy practice in which trustee payroll processing services at no cost (2024 - £nil).

The following amounts were outstanding at the reporting end date:

Infinity Partnership Limited Amounts owed by related
parties
2025
2024
£
£
268
1,380
268
1,380

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