Charity registration number SC008695 (Scotland)
Company registration number SC279327 (Scotland)
SAFE SPACE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
SAFE SPACE LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
Jennifer Antonelli
Patrick Mallan
Bernard Conway
Gavin Park
Laura Cochrane
(Appointed 6 May 2024)
Charity number (Scotland)
SC008695
Company number
SC279327
Registered office
The Gatehouse
Dunfermline Business Centre
Dunfermline
Fife
KY11 3BZ
Independent examiner
Thomson Cooper
3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8PB
Bankers
Clydesdale Bank Plc
64 High Street
Dunfermline
Fife
KY12 7DF
SAFE SPACE LTD
CONTENTS
Page
Directors' report
1 - 4
Independent examiner's report
5
Statement of financial activities
6 - 7
Balance sheet
8
Notes to the financial statements
9 - 18
SAFE SPACE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

I am pleased to present my report, on behalf of the directors, for this year’s AGM in this our 30th year of service in the community for the year ended 31st March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's articles of association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects, which there has been no change in these during the year, are:

 

The charity supports survivors of sexual abuse and their family members through the process of recovery. The aim of the charity is to support as many of Fife’s survivors of sexual abuse as it can. No one survivor’s journey is the same as another, so the approach taken by the charity is bespoke and adapts to the need of the individual. The principal work of the charity is the provision of counselling (in one-to-one sessions and in a group therapeutic setting), however the contribution of the charity extends far beyond this. Its work includes contributing to national policy, raising awareness and helping Fife’s communities to play their part in protecting and supporting this vulnerable group of young people and adults.

To maximise the impact it can achieve, the charity works in partnership with other local organisations and agencies including counselling professionals, government, police and community groups including:

 

The directors have paid due regard to guidance issued by OSCR in deciding what activities the charity should undertake.

SAFE SPACE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Achievements and performance

 

Funding and financial contributions

The charity has continued to secure grants to cover volunteer expenses and to fund specific projects. Monitoring has been undertaken consistently and methodically over the period to ensure best value is obtained for the funds available. The directors have given significant time and attention to the charity’s funding position and strategy for maintenance of financial stability and will continue to ensure that all opportunities to strengthen its position are examined and acted upon.

 

The charity is always grateful for the generosity of funders and to individuals who make donations to Safe Space. This year the charity has received funding towards aspects of work, including:

 

 

Financial review

The charity had a surplus for the year ended 31st March 2024 of £54,096 (2023: surplus of £27,617). At 31st March 2024, the charity had unrestricted free reserves of £206,159 (2023: £116,794) and restricted reserves of £8,395 (2023: £43,664).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. A risk register is maintained and updated when necessary (not less than annually). Systems and procedures are in place to mitigate the risk the charity faces and are appropriate to the charity’s operations and size. Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions and project procedures are in place for supervision of employees and volunteers. Health and safety and employment policies and procedures are in place commensurate with the company’s operations.

Structure, governance and management

The charity is a company limited by guarantee and has no share capital.

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

Jennifer Antonelli
Patrick Mallan
Bernard Conway
Gavin Park
Laura Cochrane
(Appointed 6 May 2024)
SAFE SPACE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Throughout the accounting period all of the members listed above were appointed as directors of Safe Space Ltd and in this report they are collectively referred to as the directors.

 

Day to day management is delegated by the directors to the Safe Space General Manager, Ann Donnan.

 

Organisational structure

The directors meet as a board on a regular basis every four to six weeks, generally as a full board, but with the option of meeting as sub-committees of the full board that then report to the full board. At present the board has four members. Safe Space Ltd. works with Fife Council and NHS Fife through the Fife Health and Social Care Partnership; the Fife Domestic and Sexual Abuse Partnership; Police Scotland Family Protection Unit; Dunfermline and West Fife NHS Community Health Partnership; Kingdom Abuse Survivors Project; Fife Rape and Sexual Assault Centre; Dunfermline Home Start; and Frontline Fife Homelessness Services. A representative from Fife Health and Social Care Partnership is invited to and regularly attends meetings of the board of directors.

Director induction and training

New directors are briefed by the manager and existing directors on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association of Safe Space Ltd. (hereinafter “the charity”), the functions of the Board and decision-making processes, the business, plans and recent financial performance of the charity. New directors are introduced to other directors and employees. Directors are encouraged to attend training events suitable to their role within the activities of the charity.

Strategic and Operational Matters

We are now embarking on our 30th year of continuous operations. The Board remains committed to maintaining the long-term success of Safe Space and the invaluable service it provides.

We began the year with one year’s funding from Fife Council to cover core operational costs. We are grateful to the council for their ongoing support in a very challenging financial climate.

We continue to secure grants to cover volunteer expenses and also for specific projects and our monitoring of these ensure that we can obtain best value for the funds available.

Our General Manager, Ann Donnan and her team have continued to provide an excellent service to a wide range of individuals who seek the unique support that Safe Space provides.

The outstanding outcomes achieved in our work with clients ensured that Safe Space continued to deliver on its SLA requirements with Fife Council and also satisfy the stringent monitoring standards of the COSCA Recognition Scheme as a counselling and counselling skills organisation.

The Board would like to place on record our gratitude and appreciation to all the staff who operate in such a challenging environment and deliver such important and widely respected work year on year.

Safe Space continues its focus and commitment to volunteers and their contribution is absolutely central to the service Safe Space provides. The Board thanks all volunteers for their skill, commitment, enthusiasm and their contribution to the continuing success of Safe Space.

During the reporting period the Board and staff actively engaged in the execution of our strategic plan. The strategic plan was actioned by the General Manager and monitored by the Board.

Finally, I would like to thank all our funders for their support, and on behalf of the Board and staff thanks also to Lisa Love our Link Officer from Fife Council for her support and wise counsel both between and at board meetings.

SAFE SPACE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
Statement of directors' responsibilities

The directors, who also act as trustees for the charitable activities of Safe Space Ltd., are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the directors are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The directors are responsible for keeping adequate accounting records that 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 Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. 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.

Independent Examiner
Thomson Cooper were appointed as independent examiner to the company and a resolution proposing that they be re-appointed will be put at a General Meeting.
Disclosure of information to independent examiner
Each of the directors has confirmed that there is no information of which they are aware which is relevant to the independent examination, but of which the independent examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the independent examiner is aware of such information.

The directors' report was approved by the Board of Directors.

Patrick Mallan
Chairperson
Dated: 24 October 2024
SAFE SPACE LTD
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF SAFE SPACE LTD
- 5 -

I report on the financial statements of the charity for the year ended 31 March 2024, which are set out on pages 6 to 18.

Respective responsibilities of directors and examiner

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

Basis of independent examiner's statement

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

Independent examiner's statement

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

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

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

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Sharon Collins FCCA, CA
Independent Examiner
for and on behalf of
Thomson Cooper
3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8PB
Dated: 24 October 2024
SAFE SPACE LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:

Grants, donations and legacies

2
183,217
26,569
209,786
217,906
Charitable activities
3
622
-
622
412
Investments
4
2,554
-
2,554
741
Total income
186,393
26,569
212,962
219,059
Expenditure on:
Raising funds
5
6,910
-
6,910
8,364
Charitable activities
6
118,967
32,989
151,956
183,078
Total expenditure
125,877
32,989
158,866
191,442
Net incoming/(outgoing) resources before transfers
60,516
(6,420)
54,096
27,617
Gross transfers between funds
28,849
(28,849)
-
-
Net income/(expenditure) for the year/
Net movement in funds
89,365
(35,269)
54,096
27,617
Fund balances at 1 April 2023
116,794
43,664
160,458
132,841
Fund balances at 31 March 2024
206,159
8,395
214,554
160,458

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
SAFE SPACE LTD
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:

Grants, donations and legacies

2
173,620
44,286
217,906
Charitable activities
3
412
-
412
Investments
4
741
-
741
Total income
174,773
44,286
219,059
Expenditure on:
Raising funds
5
8,364
-
8,364
Charitable activities
6
142,280
40,798
183,078
Total expenditure
150,644
40,798
191,442
Net incoming/(outgoing) resources before transfers
24,129
3,488
27,617
Gross transfers between funds
3,755
(3,755)
-
Net income/(expenditure) for the year/
Net movement in funds
27,884
(267)
27,617
Fund balances at 1 April 2022
88,910
43,931
132,841
Fund balances at 31 March 2023
116,794
43,664
160,458
SAFE SPACE LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 8 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
10
734
702
Cash at bank and in hand
217,426
162,906
218,160
163,608
Creditors: amounts falling due within one year
11
(3,606)
(3,150)
Net current assets
214,554
160,458
Income funds
Restricted funds
12
8,395
43,664
Unrestricted funds
206,159
116,794
214,554
160,458

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Directors on 24 October 2024
Patrick Mallan
Director
Company Registration No. SC279327
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
1
Accounting policies
Charity information

Safe Space Ltd is a private company limited by guarantee incorporated in Scotland. The registered office is The Gatehouse, Dunfermline Business Centre, Dunfermline, Fife, KY11 3BZ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum of Association dated 2nd February 2005 and Articles of Association dated 25th August 2016, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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

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

1.2
Going concern

At the time of approving the financial statements, the trustees consider that the charity has adequate resources to continue in operational existence for a period of not less than twelve months. Having reviewed the current level of unrestricted reserves and future cash requirements, the trustees are satisfied that the charity has sufficient cash reserves therefore the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

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

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

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 10 -
1.5
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 are allocated on the portion of the asset’s use.

Expenditure is recognised when a liability is incurred. Costs of generating funds are those costs incurred in attracting voluntary income. Charitable activities include those costs incurred in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature required to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost , net of depreciation and any impairment losses.

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:

Office equipment
33% straight line p.a.
Fixtures and fittings
33% straight line p.a.
Computer equipment
33% straight line p.a.

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.

1.7
Cash and cash equivalents

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

1.8
Financial instruments

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

 

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

 

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

SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 11 -
Basic financial assets

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

Basic financial liabilities

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

 

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

 

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

Derecognition of financial liabilities

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

1.9
Taxation

The charity is exempt from tax on income and gains fully within Section 505 of the Tax Act 1988 or Section 252 of the Taxation and Chargeable Gains Act 1992 to the extent that these are applied to charitable objectives.

1.10
Employee benefits

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

 

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

1.11
Retirement benefits

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

1.12

Transfer policy

Funds received for a specific purpose are treated as restricted funds until such times as the restriction is lifted. When this occurs, the relevant funds are transferred from restricted funds to unrestricted funds.

1.13

Operating Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
2

Grants, donations and legacies

Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
5,925
-
5,925
500
-
500

Grants received

177,292
26,569
203,861
173,120
44,286
217,406
183,217
26,569
209,786
173,620
44,286
217,906
Donations and gifts
FMC Technologies
5,000
-
5,000
-
-
-
CMS Cameron McKenna Nabarro
500
-
500
-
-
-
Howdens Joinery
225
-
225
-
-
-
Inner Wheel
200
-
200
-
-
-
Other
-
-
-
500
-
500
5,925
-
5,925
500
-
500
Grants receivable for core activities
Fife Council - Social Work Service
-
-
-
153,570
-
153,570
Fife Health Board
158,592
-
158,592
-
-
-
Arnold Clark Foundation
-
-
-
-
1,000
1,000
Tesco Community Grants
-
375
375
-
1,125
1,125
Scottish Government - Inspiring Scotland
-
18,194
18,194
-
19,661
19,661
Fife Voluntary Action
-
8,000
8,000
-
11,000
11,000
STV Children's Appeal
-
-
-
-
3,000
3,000
The Robertson Trust
18,700
-
18,700
19,550
-
19,550
Carnegie Trust
-
-
-
-
3,500
3,500
Other
-
-
-
-
5,000
5,000
177,292
26,569
203,861
173,120
44,286
217,406
3
Charitable activities
2024
2023
£
£
Other income
622
412
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
4
Investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
2,554
741
5
Raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Staff costs
6,910
8,364
6,910
8,364
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
6
Charitable activities

Counselling Advice and support

Counselling Advice and support

2024
2023
£
£
Staff costs
105,811
128,086
Depreciation and impairment
-
1,394

Supervision

2,399
2,510

Training

6,163
6,327

Sessional fees

3,661
3,150

Volunteer expenses

1,700
1,729

Staff expenses

2,162
4,449

Subscriptions

798
1,324

Rent

13,923
13,440

Computer costs

873
1,660

Telephone

2,692
2,557

Sundry

967
3,987

Legal & professional

355
757

Property insurance and repairs

1,013
743

Heat, light & power

2,839
4,145

Insurance

825
748
Clinical equipment
-
26
Group work
266
454
Printing, postage & stationary
956
1,364
Accountancy fees
2,213
1,936
Independent examiners fees
2,340
2,292
151,956
183,078
151,956
183,078
Analysis by fund
Unrestricted funds
118,967
142,280
Restricted funds
32,989
40,798
151,956
183,078
7
Directors

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

SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
3
4
Employment costs
2024
2023
£
£
Wages and salaries
102,124
124,630
Social security costs
7,765
9,198
Other pension costs
2,832
2,622
112,721
136,450
There were no employees whose annual remuneration was more than £60,000.
9
Tangible fixed assets
Office equipment
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2023
17,869
3,739
18,387
39,995
At 31 March 2024
17,869
3,739
18,387
39,995
Depreciation and impairment
At 1 April 2023
17,869
3,739
18,387
39,995
At 31 March 2024
17,869
3,739
18,387
39,995
Carrying amount
At 31 March 2024
-
-
-
-
At 31 March 2023
-
-
-
-
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
734
702
11
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
3,606
3,150
12
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
£
£
£
£
£
Fife Health Board
6,903
-
-
-
6,903
Children in Need
51
-
(2,134)
-
(2,083)
Tesco Community Grants
-
1,125
(1,125)
-
-
Henry Duncan Awards
1,218
-
-
-
1,218
Awards For All
292
-
-
-
292
Foundation Scotland
-
5,000
-
-
5,000
Kingdom Housing
16
-
-
-
16
Persimmon Homes
10
-
-
-
10
The Robertson Trust
14,574
-
-
-
14,574
The Survivors Trust
8,951
-
-
-
8,951
STV Childrens Appeal
3,755
3,000
(3,000)
(3,755)
-
Lottery Community Fund
4,605
-
(877)
-
3,728
Other
402
-
-
-
402
Scottish Government - Inspiring Scotland
361
19,661
(21,899)
-
(1,877)
Scottish Government - Trauma Yoga
1,300
-
-
-
1,300
Fife Voluntary Action
3,543
11,000
(9,339)
-
5,204
Clothmakers Foundation
(78)
-
(104)
-
(182)
Carnegie Trust
(1,972)
3,500
(2,095)
-
(567)
Arnold Clark Foundation
-
1,000
(225)
-
775
43,931
44,286
(40,798)
(3,755)
43,664
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12
Restricted funds
(Continued)
- 17 -
Movement in funds
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
Fife Health Board
6,903
-
-
(6,903)
-
Children in Need
(2,083)
-
-
2,083
-
Tesco Community Grants
-
375
(150)
(225)
-
Henry Duncan Awards
1,218
-
-
(1,218)
-
Awards For All
292
-
-
(292)
-
Foundation Scotland
5,000
-
(3,250)
-
1,750
Kingdom Housing
16
-
-
(16)
-
Persimmon Homes
10
-
-
(10)
-
The Robertson Trust
14,574
-
-
(14,574)
-
The Survivors Trust
8,951
-
-
(8,951)
-
STV Childrens Appeal
-
-
-
-
-
Lottery Community Fund
3,728
-
(183)
-
3,546
Other
402
-
-
(402)
-
Scottish Government - Inspiring Scotland
(1,877)
18,194
(19,302)
2,985
-
Scottish Government - Trauma Yoga
1,300
-
-
(1,300)
-
Fife Voluntary Action
5,204
8,000
(10,105)
-
3,099
Clothmakers Foundation
(182)
-
-
182
-
Carnegie Trust
(567)
-
-
567
-
Arnold Clark Foundation
775
-
-
(775)
-
43,664
26,569
(32,989)
(28,849)
8,395

The income received from The Robertson Trust has been used towards the core running costs of the charity.

 

The Survivors Trust income awarded by the Scottish Government is to be used towards the delivery of an emotional resources course.

Income received from Fife Voluntary Action was used to cover volunteer expenses.

13
Analysis of net assets between funds

Unrestricted

Restricted

Total

Unrestricted

Restricted

Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Current assets/(liabilities)
206,159
8,395
214,554
116,794
43,664
160,458
206,159
8,395
214,554
116,794
43,664
160,458
SAFE SPACE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
14
Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
9,355
9,355
15
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

16
Company limited by guarantee

The company is limited by guarantee and has no share capital.

2024-03-312023-04-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2SC2793272023-04-012024-03-31SC279327bus:Director12023-04-012024-03-31SC279327bus:Director22023-04-012024-03-31SC279327bus:Director32023-04-012024-03-31SC279327bus:Director42023-04-012024-03-31SC279327bus:Director52023-04-012024-03-31SC2793272024-03-31SC2793272023-03-31SC2793272022-04-012023-03-31SC279327bus:FRS1022023-04-012024-03-31SC279327bus:IndependentExaminationCharity2023-04-012024-03-31SC279327bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP