Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-30Winning Scotland's strategy seeks to strengthen and build capacity in the adults who are most influential on Scotland’s young people; teachers, coaches, carers, parents, families, schools and communities across Scotland. In everything we do, we're always: Committed to young people: Collaborative in our approach Pioneering in our delivery Innovative in our solutions We work in partnership with trusted and credible organisations to develop, test and evaluate practical, evidence based and effective programmes of learning and resources for different groups of influential adults. We operate in the space between the public, private and third sectors bringing people together, prompting new conversations and innovating collaboratively. Winning Scotland is catalyst for change and our strategies are focused on having a positive impact on the lives of children and young people by creating a winning culture in Scotland that encourages resilience, confidence, and excellence. This year our work has been supported by: Allied Vehicles Charitable Trust Ali Afshar, AMA (Newtown) Ltd Baillie Gifford BJ Trust Capricorn Energy PLC Charitable Assets Trust Corra Foundation Cray Trust David Millar Drum Property Group Eric & Karen Young Garfield Weston Foundation Hugh Fraser Foundation Johnny Weir John & Suzy McNeil Leckie Family Trust Max Ward Royal Company of Archers Charitable Trust Scott & Lucy Nisbet Scottish Equity Partners Scottish Government - Drugs Policy Division Simon Thomson Stena Drilling Tony & Elaine Halligan Torquil Macnaughton and we have worked in partnership with:308280135045234092989616322728620552037015646970625 Straight line2024-06-30112023-07-018falseNo description of principal activity2024-06-30 SC283771 2023-07-01 2024-06-30 SC283771 2022-07-01 2023-06-30 SC283771 2024-06-30 SC283771 2023-06-30 SC283771 2023-07-01 SC283771 2022-07-01 SC283771 c:CompanySecretary1 2023-07-01 2024-06-30 SC283771 c:RegisteredOffice 2023-07-01 2024-06-30 SC283771 d:ComputerEquipment 2023-07-01 2024-06-30 SC283771 d:ComputerEquipment 2024-06-30 SC283771 d:ComputerEquipment 2023-06-30 SC283771 d:CurrentFinancialInstruments 2024-06-30 SC283771 d:CurrentFinancialInstruments 2023-06-30 SC283771 c:FRS102 2023-07-01 2024-06-30 SC283771 c:Audited 2023-07-01 2024-06-30 SC283771 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC283771 b:Trustee1 2023-07-01 2024-06-30 SC283771 b:Trustee2 2023-07-01 2024-06-30 SC283771 b:Trustee3 2023-07-01 2024-06-30 SC283771 b:Trustee4 2023-07-01 2024-06-30 SC283771 b:Trustee5 2023-07-01 2024-06-30 SC283771 b:Trustee6 2023-07-01 2024-06-30 SC283771 b:Trustee7 2023-07-01 2024-06-30 SC283771 b:Trustee8 2023-07-01 2024-06-30 SC283771 b:UnrestrictedFundsGeneral 2023-07-01 2024-06-30 SC283771 b:UnrestrictedFundsGeneral 2022-07-01 2023-06-30 SC283771 b:RestrictedIncomeFunds 2023-07-01 2024-06-30 SC283771 b:RestrictedIncomeFunds 2022-07-01 2023-06-30 SC283771 b:UnrestrictedFundsGeneral 2024-06-30 SC283771 b:UnrestrictedFundsGeneral 2023-06-30 SC283771 b:RestrictedIncomeFunds 2024-06-30 SC283771 b:RestrictedIncomeFunds 2023-06-30 SC283771 c:ChiefExecutive 2023-07-01 2024-06-30 SC283771 b:TotalUnrestrictedFunds 2023-07-01 2024-06-30 SC283771 b:TotalUnrestrictedFunds 2022-07-01 2023-06-30 SC283771 b:TotalUnrestrictedFunds 2024-06-30 SC283771 b:TotalUnrestrictedFunds 2023-06-30 SC283771 b:TotalRestrictedIncomeFunds 2024-06-30 SC283771 b:TotalRestrictedIncomeFunds 2023-06-30 SC283771 c:FullAccounts 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: SC283771
Charity number: SC036451














WINNING SCOTLAND
(A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
WINNING SCOTLAND
 

CONTENTS



Page
Reference and administrative details of the charity, its Management board and advisers
1
Management board's report
2 - 9
Independent auditors' report on the financial statements
10 - 13
Statement of financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17 - 31

 
WINNING SCOTLAND
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS MANAGEMENT BOARD AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2024


Management board
Ms C L Simpson, Chair (from 1 April 2024)
Sir W B B Gammell, Chair (resigned 31 March 2024)
Mr W T Macnaughton
Mr D Nisbet
Ms C Tennant
Ms C Grant
Ms S Philp
Ms Z Hedges (resigned 12 February 2024)

Company registered number
SC283771

Charity registered number
SC036451

Registered office
21 Young St
Edinburgh
EH2 4HU

Company secretary
Ms Z Hedges

Chief executive officer
Ms Z Hedges

Independent auditors
Sumer Auditco Limited
Chartered Accountants
14 City Quay
Dundee
DD1 3JA

Page 1

 
WINNING SCOTLAND
 
  
MANAGEMENT BOARD'S REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The Management board present their annual report together with the audited financial statements of the charity for the period 1 July 2023 to 30 June 2024The Annual report serves the purposes of both a Management board report and a directors' report under company law. The Management board confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

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

Objectives and activities
 

a. Policies and objectives
 

Winning Scotland aims to create a winning culture in Scotland through building confidence and resilience in its citizens with a primary focus on the benefit to children and/or young people through: 
the advancement of education, including physical education
the advancement of health
the advancement of citizenship or community development
the instructing of research and development into the building of confidence and resilience and its contribution to creating a culture of increased achievement and or excellence and the making available to and use by the public of the results of such research
the promotion and carrying out of similar objects which are charitable at law and thereby bring about increased achievement and/or excellence in the wider community throughout Scotland. 
 

Page 2

 
WINNING SCOTLAND
 
Objectives and activities (continued)

b. Strategies for achieving objectives
 

Winning Scotland's strategy seeks to strengthen and build capacity in the adults who are most influential on Scotland’s young people; teachers, coaches, carers, parents, families, schools and communities across Scotland.   
In everything we do, we're always: 
Committed to young people: 
Collaborative in our approach 
Pioneering in our delivery 
Innovative in our solutions 

We work in partnership with trusted and credible organisations to develop, test and evaluate practical, evidence based and effective programmes of learning and resources for different groups of influential adults. We operate in the space between the public, private and third sectors bringing people together, prompting new conversations and innovating collaboratively. Winning Scotland is catalyst for change and our strategies are focused on having a positive impact on the lives of children and young people by creating a winning culture in Scotland that encourages resilience, confidence, and excellence. 
This year our work has been supported by: 
Allied Vehicles Charitable Trust 
Ali Afshar, AMA (Newtown) Ltd 
Baillie Gifford 
BJ Trust 
Capricorn Energy PLC 
Charitable Assets Trust 
Corra Foundation 
Cray Trust 
David Millar 
Drum Property Group 
Eric & Karen Young 
Garfield Weston Foundation 
Hugh Fraser Foundation 
Johnny Weir 
John & Suzy McNeil 
Leckie Family Trust 
Max Ward 
Royal Company of Archers Charitable Trust 
Scott & Lucy Nisbet 
Scottish Equity Partners 
Scottish Government - Drugs Policy Division 
Simon Thomson 
Stena Drilling 
Tony & Elaine Halligan 
Torquil Macnaughton 

and we have worked in partnership with:
Abertay University 
Angus Council 
Argyll & Bute ADP 
Barclays 
Big Hearts Community Trust 
Cardiff University 
Clackmannanshire Council 
Dundee City Council 
Early Years Scotland 
Education Scotland 
Page 3

 
WINNING SCOTLAND
 
Objectives and activities (continued)

Glasgow Caledonian University 
Highland ADP 
Hymans Robertson 
Live Active Perth & Kinross 
NHS Highland 
NHS Tayside 
North Lanarkshire Council 
Planet Youth 
The Promise Partnership 
Renfrewshire Council 
Scottish Water 
South Lanarkshire Council 
South West Education Improvement Collaborative 
University of Bristol 
University of Stirling 
West Dunbartonshire Council 
West Dunbartonshire Health & Social Care Partnership 

 
We'd like to express our special gratitude to those who have collaborated closely with our team and supported our course Ambassadors on their ongoing mindset journeys:
Professor Rowena Arshad 
Mark Beaumont 
Dr Jo Boaler 
Professor Carol Dweck 
James Nottingham 
Tamzin O’Malley 
Sarah Philp 
Santiago Rincón-Gallardo 
Simon Seward 
Professor Margaret Sutherland 
Matthew Syed 
Michael West CBE 


Page 4

 
WINNING SCOTLAND
 
Objectives and activities (continued)

c. Activities undertaken to achieve objectives
 

We effect change by partnering, influencing and innovating. We robustly evaluate our activity and ensure that our work is evidence led. 
This year, our activities included:
Applied Growth Mindset: a Masters-level accredited programme of learning for primary and secondary school teachers focussing on building confidence, resilience and a positive attitude to the learning process among pupils.
Limitless Learning: a shorter ‘gateway’ introduction to growth mindset for primary and secondary school teachers, often with a particular focus such as STEM or literacy.
Mindset in Social Care: an evolution of Applied Growth Mindset and Limitless Learning co-created with a panel of experts from within the social care sector to enable residential care workers and social workers to support their young people to develop growth mindset strategies.
Mindset in Care (Education):  a pilot programme focused on the ‘Supportive School Structure’ challenge area of The Promise. The programme looks to upskill the ‘trusted adults’ identified by care experienced young people, to improve their school and education experience. 
Early Years Physical Activity: a research report examining current provision for the physical development of children in Scotland’s early years sector. It identified a need to give more priority to the physical development of children in early years settings. 
Mindset in Youth Employability: a professional learning approach that aims to equip youth employability workers with the skills and strategies to better support themselves and the young people they work with. 
Maths Attitudes Survey: Undertaking, contextualising and publishing primary research on how children in Scotland feel about maths, and the proven ways to make this more positive. We presented the report at conferences, to Directors of Education in Scotland, Scottish Government and in publications. 
Planet Youth: a community wide investment in upstream primary prevention which can result in a reduction in the number of teenagers drinking, taking drugs, smoking and vaping which we are trialling in Scotland in six local areas. 
On Our Marks:  The final year of On Our Marks, a community-based programme to improve physical activity and physical education. Piloted in north Glasgow and Perth, this programme was effective in schools but struggled to meet outcomes in the community. 
Innovation: We tested a number of novel approaches including developing an online resource for parents keen to learn more about developing growth mindset approaches with their children, co-creating peer to peer learning modules for S5/6s to deliver to young pupils, and developing a Measurement, Evaluation and Learning Framework to help us in our continuous improvement. 

Influencing: As part of our mission to create culture change in Scotland we brought people together to collaborate, learn, innovate and share throughout the year. This includes our programme alumni (Mindset Ambassadors), working lunches for senior education leaders, care professionals, businesses leaders and philanthropists, and meetings with local and national politicians. We also featured on podcasts, in publications and gave keynote speeches in fulfilment of our mission. 
 

Page 5

 
WINNING SCOTLAND
 
Achievements and performance
 

a. Main achievements of the charity
 

2023-2024 saw renewed focus on the impact of our work, and a clearer articulation on the benefits of our model to support the adults who are most influential on young people, in order to improve outcomes. Research from Harvard University as well as robust evaluation of our programmes demonstrate the difference this can make. We sought to consolidate the mindset work in different spheres and created a real step change in Planet Youth. 

Mindset in Education and its impact 
The mindset programmes delivered during 2023-24, spanned primary and secondary settings, and over 260 learners across Scotland.  

The majority of our learners are fully engaged with our programmes and provide positive feedback about the impact on themselves, their pedagogy and their pupils. Highlights include: 
73% of learners felt that the content of our programmes was relevant to the needs of their pupils 
over two-thirds of learners believed that the programmes would make them a better teacher 
7 out of 10 learners completing our Applied Growth Mindset programme felt that their project was impactful on their class environment 
This is all set against a challenging backdrop in the sector, with teachers reporting higher levels of stress, increased workload and a lack of resources.  As a result, Winning Scotland has sought to make improvements to its programmes and the support provided to learners, to ensure maximum impact for the young people in our classrooms.   

Over the years, our learners have tried and tested growth mindset strategies in their classrooms and settings.  We have amassed their resultant reflections and project evaluations in our Mindset Library.  This now also offers other teaching professionals a chance to take inspiration from over 100 case studies from across the country. 

Network of Mindset Ambassadors  
Mindset Ambassadors are teachers who have completed our learning programmes. They actively share their experiences, test new ideas, and stay updated on mindset theory and ongoing practice within their professional environments. With over 800 Ambassadors, their continuing journeys develop and inspire cultural change within schools and local authorities across the country. Speakers including Dr Jo Boaler, James Nottingham, and Sarah Philp have engaged with Ambassadors in live online events to further empower their growth mindset practice. Regular communications also provide Ambassadors with practical strategies, additional learning, and influence from other teaching professionals. This year we were also able to include Ambassadors from our other programmes to join this network of teachers, something that we will continue to do as we roll out Mindset to other adults with an important influence on the lives of young people. 
 
Planet Youth in Scotland 
In December 2022 the Scottish Government indicated they would be investing in Planet Youth in Scotland, via Winning Scotland, as part of their response to the Drugs Death Task Force. The grant letter was received in May 2023. Achievements this year include hosting a National Learning Event, developing an interim evaluation, convening a group of senior leaders from across different sectors to consider their role in embedding prevention, supporting local Planet Youth conferences in Dundee and Highland, engaging new areas wishing to join, recruitment and induction of local staff to drive action, successful completion of the second round of data collection in 24 schools, and tangible changes visible in local and national landscapes. 

Mindset Expansion  
Based on the learning from and impact of the Mindset in Education work, the charity has gradually been expanding the mindset offering to adults working with children beyond primary and secondary schools, beginning with Early Years Practitioners then moving to Social Workers and Employability Advisors. These programmes are all built around the core Mindset work that has been independently evaluated, but refaced and recontextualised for the relevant sectors, with subject matter experts.  

 
While there are challenges for these workforces, particularly around budget and capacity to participate in training, there are some promising results in terms of impact: 
92% of people who completed the post survey for the Mindset in Early Years pilot ‘feel the course will make them a better practitioner’, and 91% are ‘likely to recommend the course to a colleague’. 
Page 6

 
WINNING SCOTLAND
 
Achievements and performance (continued)

91.5% of participants on the Mindset in Social Care pilot programme saw the relevance of growth mindset to their work, with 71% of respondents on the post survey attributing improvements in their practice directly to the programme. 
96% of people who completed the post survey for the Mindset in Youth Employability pilot programme feel it has improved their ability to support the young people they work with, and 89% feel taking part in this course has helped them and their colleagues to begin to create a growth mindset culture at work. 
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Management board has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

The reserves policy is to hold unrestricted funds to cover up to six months' operating costs. The target for reserves during 2023-2024 was £145,000 and for 2024-25 will be up to £221,000, to enable us to continue activities should a significant shortfall in funds occur.
Winning Scotland’s total reserves at 30 June 2024 amount to £298,721 (2023 - £337,613), of which £113,643 (2023 - £102,760) is restricted.  The unrestricted funds amount to £185,078 (2023 - £234,853).
Free reserves are £179,861 (2023: £226,519) which is represented by the unrestricted funds net of fixed assets and designated funds. This is within the parameters set by the board.
 

Structure, governance and management
 

a. Constitution
 

Winning Scotland is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
 

b. Methods of appointment or election of Management board
 

The management of the charity is the responsibility of the Management board who are elected and co-opted under the terms of the Articles of Association.
 
 


 

c. Financial risk management
 

The Management board have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

Statement of Management board's responsibilities
 

The Management board (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Management board's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Page 7

 
WINNING SCOTLAND
 
Statement of Management board's responsibilities (CONTINUED)

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

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.


The Management board are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 8

 
WINNING SCOTLAND
 
Statement of Management board's responsibilities (CONTINUED)

Disclosure of information to auditors

Each of the persons who are members of the management board at the time when this management board report is approved has confirmed that:

so far as that member is aware, there is no relevant audit information of which the charity's auditors are unaware, and
that member has taken all the steps that ought to have been taken as a member in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

 

Approved by order of the members of the board of Management board on 25 September 2024 and signed on their behalf by: 
 




Ms C L Simpson
Chair of Managment board
Page 9

 
WINNING SCOTLAND
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WINNING SCOTLAND
 

Opinion


We have audited the financial statements of Winning Scotland (the 'charity') for the year ended 30 June 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.


Basis for opinion


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


Conclusions relating to going concern


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


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


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


Page 10

 
WINNING SCOTLAND
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WINNING SCOTLAND (CONTINUED)


Other information


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


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Management board's report for the financial year for which the financial statements are prepared is consistent with the financial statements.
the Management board's report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception


In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Management board's report.


We have nothing to report in respect of the following matters in relation to which Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Management board's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Management board were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Management board's report and from the requirement to prepare a Strategic report.


Responsibilities of trustees


As explained more fully in the Management board's responsibilities statement, the Management board (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Management board determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


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

Page 11

 
WINNING SCOTLAND
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WINNING SCOTLAND (CONTINUED)


Auditors' responsibilities for the audit of the financial statements


We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder.


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


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

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud or non-complaince with laws and regulations is higher than the risk of not detecting one resulting from error.
We focused on laws and regulations which could give rise to a material misstatement in the financial statements,
including, but not limited to, the Companies Act 2006, the Charities and Trustees Investment Act (Scotland) 2005 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed 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.  As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the board or management that represented a risk of material misstatement due to fraud.


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

Page 12

 
WINNING SCOTLAND
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WINNING SCOTLAND (CONTINUED)


Use of our report
 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and Management board those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, its members, as a body, and its trustees, as a body for our audit work, for this report, or for the opinions we have formed.





Douglas Rae (Senior statutory auditor)
  
for and on behalf of
Sumer Auditco Limited
 
Chartered Accountants
Statutory Auditors
  
14 City Quay
 
Dundee
 
DD1 3JA
 
 

25 September 2024


Sumer Auditco Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 13

 
WINNING SCOTLAND


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024


Unrestricted funds
2024
Restricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £

Income from:







Donations and legacies

3

262,188

616,327

878,515

489,546
 
Charitable activities

4

114,332

-

114,332

107,912
 
Other trading activities

5

23,354

-

23,354

20,594
 
Bank interest


5,900

-

5,900

2,572
 
Total income
405,774
616,327
1,022,101
620,624
Expenditure on:







Raising funds

6

117,407

-

117,407

76,165
 
Charitable activities

7

338,142

605,444

943,586

492,626
 
Total expenditure
455,549
605,444
1,060,993
568,791

Net movement in funds
  
(49,775)
10,883
(38,892)
51,833

Reconciliation of funds:

  





Total funds brought forward

  

234,853

102,760

337,613

285,780
 
Net movement in funds

  

(49,775)

10,883

(38,892)

51,833
 
Total funds carried forward
  
185,078
113,643
298,721
337,613

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

The notes on pages 17 to 31 form part of these financial statements.
Page 14

 
WINNING SCOTLAND
REGISTERED NUMBER: SC283771


 
BALANCE SHEET
AS AT 30 JUNE 2024


2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 12 
5,217
8,334

  
5,217
8,334

Current assets
  

Debtors
 13 
203,829
123,944

Cash at bank and in hand
  
357,087
309,788

  
560,916
433,732

Creditors: amounts falling due within one year
 14 
(242,487)
(104,453)

Net current assets 
  
 
 
318,429
 
 
329,279

Provisions for liabilities
  
(24,925)
-

Total net assets 
  
298,721
337,613


Charity funds
  

Restricted funds
 16 
113,643
102,760

Unrestricted funds
 16 
185,078
234,853

Total funds
  
298,721
337,613

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

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

The financial statements were approved and authorised for issue by the Management board on 25 September 2024 and signed on their behalf by:




Ms C L Simpson
Chair

The notes on pages 17 to 31 form part of these financial statements.
Page 15

 
WINNING SCOTLAND


 
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
Note
£
£

Cash flows from operating activities
  

Net cash used in operating activities

 19 

41,399
11,064

Cash flows from investing activities
  

Purchase of fixed assets
  
-
(8,400)

Bank interest received
  
5,900
2,572

Net cash provided by/(used in) investing activities

  

5,900
(5,828)

Cash flows from financing activities
  

Net cash provided by financing activities

  

-
-

Change in cash and cash equivalents in the year
  
 
47,299
 
5,236

Cash and cash equivalents at the beginning of the year
  
309,788
304,552

Cash and cash equivalents at the end of the year
 20 
357,087
309,788

Page 16

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Winning Scotland is a charitable company limited by guarantee, incorporated in Scotland with registration number SC283771.  The address of the registered office is Nexus Business Space, 21 Young St, Edinburgh, EH2 4HU.
The accounts are presented in pounds sterling, which is the functional currency of the charitable company, rounded to the nearest £.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Companies Act 2006.

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

  
2.2

Going concern

Having considered the information available to them, the management board believes there are no material uncertainties over the charitable company's ability to continue as a going concern for the foreseeable future.

  
2.3

Income

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

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

Income from charitable activities is recognised based on the completion of the contract, which is measured by the stage of completion of the course delivery following agreed milestones.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 17

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.4

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

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

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

  
2.5

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities on a receivable basis.

  
2.6

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

 
2.7

Tangible fixed assets and depreciation

Tangible fixed assets costing £1000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

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

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

Depreciation is provided on the following basis:

Computer equipment
-
25%
Straight line

Page 18

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.8

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.9

Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

  
2.10

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Management board in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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

Investment income, gains and losses are allocated to the appropriate fund.
Page 19

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.

Income from donations and legacies





Unrestricted funds
2024
Restricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £
Donations






Scottish Equity Partners

25,000

-

25,000

25,000
 
Gift Aid

18,739

-

18,739

8,875
 
Grants





 
Corra Foundation

-

121,400

121,400

31,400
 
Drum Property Group

25,000

-

25,000

25,000
 
Garfield Weston Foundation

30,000

-

30,000

30,000
 
Government grants





 
Scottish Government

108,875

470,227

579,102

95,316
 
Other donations

42,074

13,200

55,274

31,455
 
Other grants

12,500

11,500

24,000

242,500
 


262,188
616,327
878,515
489,546
Total 2023


260,830
228,716
489,546


4.

Income from charitable activities




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Mindset in Education

35,831

35,831

50,412
 
Mindset in Care

16,000

16,000

20,000
 
On Our Marks

-

-

25,000
 
Planet Youth

62,501

62,501

12,500
 


114,332
114,332
107,912
Total 2023


107,912
107,912

Page 20

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.

Income from other trading activities

Income from non charitable trading activities




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Delivery of mindset training to commercial partners

23,354

23,354

20,594
 
Total 2023


20,594
20,594


6.

Expenditure on raising funds




Fundraising expenses




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Fundraising expenses

1,164

1,164

775
 
Wages and salaries

104,234

104,234

66,558
 
National Insurance

8,748

8,748

6,000
 
Pension costs

3,261

3,261

2,832
 


117,407
117,407
76,165
Total 2023


76,165
76,165





Page 21

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.

Analysis of expenditure on charitable activities


Summary by fund type





Unrestricted funds
2024
Restricted funds
2024
Total
2024
Total
2023
        £
        £
        £
        £





Mindset in Education

119,689

-

119,689

113,274
 
Mindset in Care

32,893

46,017

78,910

62,406
 
Mindset in Early Years

75,537

-

75,537

45,932
 
On Our Marks

12,570

16,000

28,570

57,714
 
Planet Youth

57,466

530,227

587,693

181,607
 
Innovation and Research

3,909

-

3,909

7,190
 
Marketing and Communications

36,078

13,200

49,278

24,503
 


338,142
605,444
943,586
492,626
Total 2023


219,259
273,367
492,626


8.

Analysis of expenditure by activities






Activities undertaken directly
2024
Grant funding of activities
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £
        £






Mindset in Education

107,771

-

11,918

119,689

113,274
 
Mindset in Care

72,289

-

6,621

78,910

62,406
 
Mindset in Early Years

66,930

-

8,607

75,537

45,932
 
On Our Marks

26,584

-

1,986

28,570

57,714
 
Planet Youth

279,312

285,208

23,173

587,693

181,607
 
Innovation and Research

3,909

-

-

3,909

7,190
 
Marketing/comms

35,374

-

13,904

49,278

24,503
 


592,169
285,208
66,209
943,586
492,626
Total 2023


407,441
-
85,185
492,626


Page 22

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.

Grants payable

As part of Winning Scotland's partnership approach to achieving its objectives, grants were made to local authorities involved in the Planet Youth project as follows:


Restricted funds
Total
funds
Total
funds

2024
2024
2023

£
£
£

Angus Council
25,000
25,000
-

Argyll and Bute Council
29,481
29,481
-

Clackmannanshire Council
35,915
35,915
-

Dundee City Council
37,402
37,402
-

Highland Council
107,410
107,410
-

West Dunbartonshire Council
50,000
50,000
-


Total 2024
285,208
285,208
-


Total 2023
-
-


10.

Auditors' remuneration

2024
2023
£
£

Fees payable to the charity's auditor for the audit of the charity's annual accounts
5,429
5,170

Fees payable to the charity's auditor in respect of:

All non-audit services not included above
4,463
4,250

Page 23

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.



Staff costs


2024
2023
£
£


Wages and salaries
449,651
295,606

Social security costs
41,847
26,654

Contribution to defined contribution pension schemes
15,601
12,579

507,099
334,839

Included within Wages and Salaries is £10,850 (2023 - £nil) relating to redundancy payments.

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


2024
2023

No.
No.


Employees
11
8

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:


2024
2023

No.
No.


In the band £60,001 - £70,000
1
-

In the band £70,001 - £80,000
1
-

The total amount of employee benefits received by key management personnel is £184,630 (2023 - £165,671).
Page 24

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Tangible fixed assets




Computer equipment

£


Cost or valuation

At 1 July 2023
14,028


At 30 June 2024

14,028


Depreciation

At 1 July 2023
5,694

Charge for the year
3,117


At 30 June 2024

8,811


Net book value


At 30 June 2024
5,217


At 30 June 2023
8,334


13.



Debtors


2024
2023
£
£


Due within one year

Trade debtors
198,753
116,213

Prepayments and accrued income
5,076
7,731

203,829
123,944
Page 25

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

14.



Creditors: Amounts falling due within one year


2024
2023
£
£


Trade creditors
145,126
26,674

Other taxation and social security
19,635
9,698

Other creditors
5,039
4,329

Accruals and deferred income
72,687
63,752

242,487
104,453


15.


Provisions


Settlement provision

£



Additions
24,925


24,925

Page 26

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

16.

Statement of funds


Statement of funds - current year

Balance at 1 July 2023
£
Income
£
Expenditure
£
Balance at 30 June 2024
£

Unrestricted funds





General Funds - all funds

234,853

405,774

(455,549)

185,078
 

Restricted funds






Mindset in Care

28,260

131,400

(46,017)

113,643
 
On our Marks

14,500

1,500

(16,000)

-
 
Planet Youth

60,000

470,227

(530,227)

-
 
Matthew Syed event

-

13,200

(13,200)

-
 



102,760
616,327
(605,444)
113,643

Total of funds


337,613
1,022,101
(1,060,993)
298,721
Page 27

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

16.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 July 2022
£
Income
£
Expenditure
£
Balance at
30 June 2023
£

Unrestricted funds





General Funds - all funds

138,369

391,908

(295,424)

234,853
 


Restricted funds






Mindset in Education

34,683

-

(34,683)

-
 
Mindset in Care

30,000

31,400

(33,140)

28,260
 
Mindset in Early Years

15,000

-

(15,000)

-
 
On our Marks

-

27,000

(12,500)

14,500
 
Planet Youth

67,728

170,316

(178,044)

60,000
 



147,411
228,716
(273,367)
102,760


Total of funds


285,780
620,624
(568,791)
337,613

Restricted funds:
Mindset in Education
The fund supported the on-going delivery of the More than Mindset programme, the piloting of the leaders' programme, the further development of the on line platform and the development of the Maths Mindset programme.
Mindset in Early Years
The fund supports the design, development and operation of a mindset programme for younger children in the early years' environment.
Mindset in Care
The fund supports the design, development and operation of a mindset programme specifically within the context of young people living in care. 
On Our Marks
The fund supports the On Our Marks project, which helps communities become healthier by supporting schools and families to be more physically active.
Planet Youth
This new initiative follows the Icelandic Model of public health prevention designed to identify and address the risk-taking behaviours of young people, and to pilot this model in Scotland and to stimulate new fundraising relationships. 
Matthew Syed Event
An event was held with Matthew Syed to promote the mindset activities of Winning Scotland.  Two donations were received towards the costs of this event.

Page 28

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

17.

Summary of funds


Summary of funds - current year

Balance at 1 July 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 30 June 2024
£
 
General funds

234,853

405,774

(455,549)

185,078
 
Restricted funds

102,760

616,327

(605,444)

113,643
 


337,613
1,022,101
(1,060,993)
298,721


Summary of funds - prior year

Balance at
1 July 2022
£
 
Income
£
 
Expenditure
£
 
Balance at
30 June 2023
£
 
General funds

138,369

391,908

(295,424)

234,853
 
Restricted funds

147,411

228,716

(273,367)

102,760
 


285,780
620,624
(568,791)
337,613


18.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Restricted funds
2024
Total
funds
2024
        £
        £
        £



Tangible fixed assets

5,217

-

5,217

Current assets

447,273

113,643

560,916

Creditors due within one year

(242,487)

-

(242,487)

Provisions for liabilities and charges

(24,925)

-

(24,925)

Total 


185,078
113,643
298,721


Page 29

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

18.Analysis of net assets between funds (continued)


Analysis of net assets between funds - prior period

Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
        £
        £
        £



Tangible fixed assets

8,334

-

8,334

Current assets

330,972

102,760

433,732

Creditors due within one year

(104,453)

-

(104,453)

Total 

234,853
102,760
337,613


19.



Reconciliation of net movement in funds to net cash flow from operating activities


2024
2023
£
£

Net income/expenditure for the period (as per Statement of Financial Activities)



(38,892)

51,833

Adjustments for:

Depreciation charges
3,117
3,117

Increase in debtors
(79,885)
(52,689)

Increase in creditors
138,034
11,375

Movement in provisions
24,925
-

Bank interest received
(5,900)
(2,572)

Net cash provided by operating activities
41,399
11,064



20.



Analysis of cash and cash equivalents


2024
2023
£
£

Cash in hand
357,087
309,788

Total cash and cash equivalents
357,087
309,788

Page 30

 
WINNING SCOTLAND
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

21.



Analysis of changes in net debt





At 1 July 2023
Cash flows
At 30 June 2024
£
£

£

Cash at bank and in hand

309,788

47,299

357,087


309,788
47,299
357,087


22.


Pension commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pensions cost charge represents contributions payable by the charity to the fund and amounted to £15,601 (2023 - £12,579).  At the balance sheet date, contributions totalling £2,090 (2023 - £1,487) were payable to the fund. 



23.


Related party transactions

The charitable company received aggregate donations of £10,000 (2023 - £10,000) without conditions from members of the Management Board and their related parties during the year.

Page 31