Charity registration number SC042604 (Scotland)
Company registration number SC343819 (Scotland)
WORKING RITE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
WORKING RITE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs K Good
Ms S L Cook
Ms M A McGeary
Ms A Topping
Mr E Chisholm
Ms K Lothian
Ms R Pierce
Secretary
Mr A Campbell
Charity number (Scotland)
SC042604
Company number
SC343819
Registered office
1a Unit 1&2
1a Northinch Court
Glasgow
G14 0UG
Auditor
Thomson Cooper
3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8PB
Bankers
The Royal Bank Of Scotland
2 Bernard Street
Leith
Edinburgh
EH6 6PU
WORKING RITE
CONTENTS
Page
Trustees report
1 - 4
Independent auditor's report
5 - 7
Statement of financial activities
8 - 9
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12 - 24
WORKING RITE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their report and financial statements for the year ended 31 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 governing document, 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

Working Rite's mission is to support young people in their transition from school to adulthood through mentoring and tailored programmes. This support begins in their final school year and continues until they achieve sustained employment, apprenticeships, or further education. We focus on helping vulnerable and disadvantaged youth, including those at risk of being NEET (Not in Employment, Education, or Training), homeless, care-experienced, or affected by mental health issues.

Our relationship-based model bridges the gap between school and work by providing essential work experience, mentoring, and vocational training. The Rite to Work programme starts in school and transitions to our central work placement programme as students reach school leaving age, with the option for ongoing mentorship through the On Your Side programme. This approach builds confidence, provides role models, and strengthens community ties between young people and local businesses.

We collaborate with community-based charities and organisations to deliver our programmes, ensuring a seamless transition from youth support to work readiness. In the year under review, key partners included Dumbarton Road Corridor Youth Project (NW Glasgow), Street Soccer Scotland (Edinburgh and Aberdeen), and others across various regions.

In 2023/24, Working Rite operated in six local authority areas: Aberdeen City, Aberdeenshire, Argyll & Bute, City of Edinburgh, East Ayrshire, and Glasgow City. Our pilot programmes, Rite to Work (RTW) and On Your Side (OYS), continued to meet the growing demand for tailored support. RTW was delivered in partnership with four secondary schools, ensuring a smooth transition from school to positive outcomes. The OYS programme expanded in Glasgow and East Ayrshire, providing ongoing mentorship to help young people navigate their path to adulthood.

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

Strategic report

The description under the headings "Achievements and performance" and "Financial review" meet the company law requirements for the trustees to present a strategic report.

WORKING RITE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Achievements and performance

During the course of the 2023/24 financial year;

Financial review

The charity remains unwavering in its mission to guide young people towards positive futures, even in the face of funding uncertainties and delays. The trustees have adeptly navigated post-COVID funding challenges, delays in Local Authority/Scottish Government decisions, and unexpected expenditures by strategically utilizing unrestricted reserves to sustain project delivery and cover extraordinary costs. This strategic use of funds has enabled us to continue our impactful work.

Despite an overall deficit of £145,787 for the year (2023: £165,765), which includes a deficit of £117,307 in unrestricted funds (2023: £13,301) and £28,480 in restricted funds (2023: £152,464), the charity has accumulated reserves of £52,885 (2023: £198,672), with £382 in unrestricted funds. Our policy is to maintain unrestricted funds at a level equivalent to three to six months’ expenditure, ensuring we can continue our activities even during significant funding drops. The trustees are confident that recent leadership changes will facilitate the rebuilding of reserves in line with this policy. We have already seen positive outcomes, securing £1 million for our Rite to Work Programme over the next three years, reinforcing our strategy to restore reserves to the desired level.

The trustees have thoroughly assessed the major risks and are satisfied with the systems in place to mitigate these risks. Despite statutory funding delays, WorkingRite has successfully diversified its income streams, reducing reliance on any single source and aligning with our strategic goals.

The Fundraising Team secured significant multi-year grants and corporate partnerships, including from the Paul Hamlyn Foundation, Baillie Gifford, Young Start, and others. Despite delays and lower-than-expected levels in statutory funding, particularly the No-one Left Behind awards, extensions and new three-year grants from Investing in Communities (ICF) and Glasgow Communities Fund (GCF) ensured the continuation of key projects and outcomes for young people.

Funding through the Social Innovation Partnership supported the development of the RTW programme across multiple regions. Contributions from secondary schools and Aberdeen City Council also helped sustain service delivery.

The Pathfinder project in Northwest Glasgow and other regional programmes received continued funding, maintaining the charity's services and securing 21 key income sources. Cost reductions, including a hybrid work model, were also maintained.

 

WORKING RITE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

WorkingRite engaged with senior Scottish Government officials, including co-hosting an event with the First Minister, to discuss our impact and contribute to the No-one Left Behind agenda.

In 2024, the charity’s founder, Sandy Campbell, will retire. Graham Robertson, appointed as CEO in February 2024, is leading the development of a sustainable five-year strategy focused on mentored support for young people aged 15 to 25.

The charity continues to strengthen its Board of Trustees, guided by a skills audit to support recruitment efforts in 2024/25.

Young people’s stories – for confidentiality, all names in these case studies have been changed.

 

Josh (age 20)

Argyll & Bute

John joined the program after his father reached out, concerned about John’s lack of motivation, low self-esteem, and the impact of a chaotic upbringing and rural isolation, exacerbated by COVID-19. At 20, John struggled with life skills, feeling insular and disconnected, especially compared to his more independent brothers. Through motivational interviewing, John was encouraged to set and achieve small, realistic goals, starting with learning to navigate public transportation independently.

 

Initially shy and lacking confidence, John gradually opened up, expressing a strong interest in practical work, particularly in construction and joinery. Though initially concerned that a fast-paced construction placement might overwhelm him, the program found a supportive placement with an empathetic provider who introduced John to the basics of joinery. This environment allowed John to thrive, showing excellent engagement and commitment, completing online health and safety courses, and fitting in well with his work colleagues.

 

As John progressed through his placement, his confidence and maturity grew significantly. He developed a positive routine, improved his physical health and stamina, and began to feel more comfortable in social situations. His sleep improved, and he spent less time gaming, feeling more engaged with life. By the end of the placement, John was offered a permanent role as a manual labourer, with additional funding secured to support the small business. The experience transformed John, giving him a sense of purpose, improved well-being, and stronger relationships with his family.

 

Kelly (age 18)

Glasgow - Northwest

Kelly joined the Pathfinder program in June 2023 after being referred by the DRC Youth Project. Initially unsure of her path due to her mother’s recent passing and dropping out of college, Kelly expressed a passion for helping others.

 

Although her first placement working with people with learning disabilities proved emotionally challenging, she found her stride at JOSS (Jordanhill Out of School Care), where she was immediately embraced and excelled. Despite personal struggles with mental health, Kelly secured a job in November 2023 and is now pursuing a qualification in playwork, with ongoing support and plans for bereavement counselling. Her resilience and growth are commendable.

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mrs K Good
Ms S L Cook
Ms M A McGeary
Ms A Topping
Mr E Chisholm
Ms K Lothian
Ms R Pierce
WORKING RITE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

An induction process for new trustees is being applied, including a Trustee Roles Description Handbook (following OSCR guidelines), provision of all policies and safeguarding procedures, and introductory meeting with staff. Further trustee recruitment will continue to be a target during 2024/25 to ensure the charity maintains a level of good governance and any future turnover of trustees does not result in key skill areas being underrepresented.

 

Statement of trustees responsibilities

The trustees, who are also the directors of Working Rite for the purpose of company law, are responsible for preparing the Trustees 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 trustees 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 trustees 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 trustees 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.

Auditor

In accordance with the company's articles, a resolution proposing that Thomson Cooper be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees report, including the strategic report, was approved by the Board of Trustees.

Mrs K Good
Chair
Dated: 15 October 2024
WORKING RITE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF WORKING RITE
- 5 -

Opinion

We have audited the financial statements of Working Rite (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the 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:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, 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 (as amended).

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 Auditor's 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 the UK, including the FRC’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 trustees 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 charity’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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and 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.

WORKING RITE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WORKING RITE
- 6 -
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) require us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the trustees report; or

-

proper accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose 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 trustees 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 trustees are responsible for assessing the charity’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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: existence and timing of recognition of income, posting of unusual journals along with complex transactions and non-compliance with laws and regulations. We discussed these risks with management, designed audit procedures to test the timing and existence of revenue, tested a sample of journals to confirm they were appropriate and inspected minutes from meetings held by management and trustees for any reference to breaches of laws and regulations. In addition, we reviewed areas of judgement for indicators of management bias to address these risks.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by the auditing standards).

We reviewed the laws and regulations in areas that directly affect the financial statements including applicable charity and company law and considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance with relevant and significant laws and regulations, and as required by the auditing standards, our work in respect of these was limited to enquiry of the officers and management of the charity.

WORKING RITE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WORKING RITE
- 7 -

We communicated identified laws and regulations and potential fraud risks throughout our team and remained alert to any indications of non-compliance or fraud throughout the audit. However the primary responsibility for the prevention and detection of fraud rests with the trustees.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

 

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’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 charity's trustees those matters we are required to state to them in an auditor's 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sharon Collins (Senior Statutory Auditor)
For and on behalf of Thomson Cooper, Statutory Auditors
Dunfermline
15 October 2024

Thomson Cooper is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

WORKING RITE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
2
142,188
103,083
245,271
284,990
Charitable activities
3
-
786,456
786,456
768,027
Investments
4
1,081
-
1,081
782
Total income
143,269
889,539
1,032,808
1,053,799
Expenditure on:
Raising funds
5
49,265
-
49,265
38,489
Charitable activities
6
427,822
701,508
1,129,330
1,181,075
Total expenditure
477,087
701,508
1,178,595
1,219,564
Net (outgoing)/incoming resources before transfers
(333,818)
188,031
(145,787)
(165,765)
Gross transfers between funds
216,511
(216,511)
-
-
Net expenditure for the year/
Net movement in funds
(117,307)
(28,480)
(145,787)
(165,765)
Fund balances at 1 April 2023
117,689
80,983
198,672
364,437
Fund balances at 31 March 2024
382
52,503
52,885
198,672

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.
WORKING RITE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
2
109,428
175,562
284,990
Charitable activities
3
-
768,027
768,027
Investments
4
782
-
782
Total income
110,210
943,589
1,053,799
Expenditure on:
Raising funds
5
38,489
-
38,489
Charitable activities
6
331,470
849,605
1,181,075
Total expenditure
369,959
849,605
1,219,564
Net (outgoing)/incoming resources before transfers
(259,749)
93,984
(165,765)
Gross transfers between funds
246,448
(246,448)
-
Net expenditure for the year/
Net movement in funds
(13,301)
(152,464)
(165,765)
Fund balances at 1 April 2022
130,990
233,447
364,437
Fund balances at 31 March 2023
117,689
80,983
198,672
WORKING RITE
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
4,112
708
Current assets
Debtors
11
81,753
51,199
Cash at bank and in hand
42,832
222,324
124,585
273,523
Creditors: amounts falling due within one year
12
(63,312)
(53,059)
Net current assets
61,273
220,464
Total assets less current liabilities
65,385
221,172
Creditors: amounts falling due after more than one year
14
(12,500)
(22,500)
Net assets
52,885
198,672
Income funds
Restricted funds
16
52,503
80,983
Unrestricted funds
382
117,689
52,885
198,672

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.

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 Trustees on 15 October 2024
Mrs K Good
Trustee
Company Registration No. SC343819
WORKING RITE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
20
(166,089)
(98,255)
Investing activities
Purchase of tangible fixed assets
(4,483)
-
Interest received
1,081
782
Net cash (used in)/generated from investing activities
(3,402)
782
Financing activities
Repayment of borrowings
(10,000)
(20,000)
Net cash used in financing activities
(10,000)
(20,000)
Net decrease in cash and cash equivalents
(179,491)
(117,473)
Cash and cash equivalents at beginning of year
222,324
339,798
Cash and cash equivalents at end of year
42,833
222,325
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
1
Accounting policies
Charity information

Working Rite is a private company limited by guarantee incorporated in Scotland. The registered office is 1a Unit 1&2, 1a Northinch Court, Glasgow, G14 0UG.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, 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 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 have thoroughly reviewed the charity’s financial position and cash flow requirements. They are confident that the charity has sufficient resources to continue operations for at least twelve months from the approval date. This confidence stems from a detailed assessment of forecasts and cash reserves, which are considered adequate for the specified period. As a result, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements, ensuring the charity’s financial stability and commitment to its mission.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees 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
Incoming resources
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.

Deferred income represents amounts received for future period and is release to incoming resources in the period for which it has been received. Such income is only deferred when the donor specifies that the grant must be only used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 13 -
1.5
Resources expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

 

Costs of raising funds comprise the costs associated with attracting donations and legacies and the costs of trading for fundraising purposes.

 

Charitable activities includes expenditure incurred by the charity in the delivery of its activities.

 

Support costs included central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, staff costs by the time spent.

 

Governance costs include costs of the preparation and examination of the statutory accounts and the cost of any legal advise to Trustees on governance or constitutional matters.

 

Expenditure and irrecoverable VAT

 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under following activity headings:

 

 

Irrecoverable VAT is charged a s a cost against the activity for which the expenditure was incurred.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, 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:

Fixtures and fittings
25% straight line
Computers
33.33% 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.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
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.

WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 14 -
1.9
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.

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.

1.10
Employee benefits

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

 

1.11
Retirement benefits

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

1.12
Leases

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

WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
7,784
-
7,784
-
-
-

Grants received

134,404
103,083
237,487
109,428
175,562
284,990
142,188
103,083
245,271
109,428
175,562
284,990
Donations and gifts
Baillie Gifford
5,000
-
5,000
-
-
-
Kiltwalk
204
-
204
-
-
-
Sibbald Digital
350
-
350
-
-
-
Just Giving
457
-
457
-
-
-
Other
1,773
-
1,773
-
-
-
7,784
-
7,784
-
-
-
Grants and donations receivable for core activities
LNER
-
-
-
-
60,195
60,195
CYPFEIF
42,000
-
42,000
42,000
-
42,000
Baillie Gifford
-
-
-
34,644
-
34,644
The Gannochy Trust
-
16,000
16,000
-
-
-
Young Start
-
25,021
25,021
-
24,820
24,820
Paul Hamlyn Foundation
3,000
30,000
30,000
-
30,000
30,000
STV Children's Appeal
-
-
-
-
20,333
20,333
Henry Smith Foundation
-
-
-
17,500
-
17,500
The Robertson Trust
45,000
-
-
-
-
-
St James Place Charitable Foundation
-
10,000
-
-
-
-
Think Human Foundation
-
7,560
7,560
-
8,625
8,625
CMS Charitable Trust
-
6,000
6,000
-
8,000
8,000
Hugh Fraser Foundation
-
-
-
5,000
-
5,000
Lyreco
-
-
-
4,000
-
4,000
W A Cargill
2,000
-
-
2,000
-
2,000
Cruden Foundation
1,000
-
-
1,000
-
1,000
Children in Need
-
-
-
500
20,589
21,089
abrdn Charitable Foundation
-
-
-
-
3,000
3,000
The John Swire Trust
30,000
-
30,000
-
-
-
Soutar Charitable Trust
3,000
-
3,000
-
-
-
Bellahouston Trust
2,000
-
2,000
-
-
-
Kiltwalk
1,189
-
1,189
-
-
-
Other
5,215
8,502
74,717
2,784
-
2,784
134,404
103,083
237,487
109,428
175,562
284,990
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
3
Charitable activities

 

2024
2023
£
£
Services provided under contract
786,456
768,027
Unrestricted Funds
Restricted Funds
2024
2023
£
£
£
£
Pathfinder - GCF
-
150,028
150,028
142,884
Pathfinder - ICF
-
116,189
116,189
125,000
No One Left Behind - Aberdeen
-
41,194
41,194
-
No One Left Behind - East Ayrshire
37,300
37,300
-
South Glasgow - GCF
-
79,792
79,792
86,203
Social Innovation Partnership/ Young Start
-
210,000
210,000
210,281
CAF Resiliance Fund
-
-
-
42,500
Argyll
-
76,866
76,866
65,624
Argyll - YPG
-
13,980
13,980
16,775
Argyll - DYW
-
-
-
3,720
Other
-
61,107
61,107
75,040
-
786,456
786,456
768,027
4
Investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
1,081
782
5
Raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Staging fundraising events
11,310
10,020
Staff costs
37,955
28,469
Fundraising and publicity
49,265
38,489
49,265
38,489
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
6
Charitable activities
2024
2023
£
£
Staff costs
456,431
490,057

Work placements

224,559
270,076

Travel and subsistence

20,518
22,330

Finance charges

4,084
2,918

Training and development

2,985
1,038
708,577
786,419
Share of support costs (see note 7)
380,848
351,027
Share of governance costs (see note 7)
39,905
43,629
1,129,330
1,181,075
Analysis by fund
Unrestricted funds
427,822
331,470
Restricted funds
701,508
849,605
1,129,330
1,181,075
For the year ended 31 March 2023
Unrestricted funds
331,470
Restricted funds
849,605
1,181,075
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
7
Support costs
Support costs
Governance costs
2024
2023
Basis of allocation
£
£
£
£
Staff costs
330,119
-
330,119
295,389

Allocation on time

Rent and rates

1,929
-
1,929
5,694

Usage

IT costs & telephone
19,231
-
19,231
29,492

Usage

Office expenses

16,470
-
16,470
11,728

As incurred

Postage & stationary
712
-
712
302

As incurred

Depreciation

1,079
-
1,079
354

As incurred

Travel

11,308
-
11,308
8,068

As incurred

Audit fees
-
11,850
11,850
6,480
Governance
Accountancy
-
18,300
18,300
17,400
Governance
Legal and professional
-
9,755
9,755
19,749
Governance
380,848
39,905
420,753
394,656
Analysed between
Charitable activities
380,848
39,905
420,753
394,656
8
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Head office/support
7
7
Project delivery
14
15
21
22
Employment costs
2024
2023
£
£
Wages and salaries
791,093
766,878
Social security costs
17,255
27,381
Other pension costs
16,157
19,656
824,505
813,915
There were no employees whose annual remuneration was £60,000 or more.
9
Taxation

The company is a registered charity and is therefore exempt from taxation on its charitable activities.

WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
10
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
13,818
27,372
41,190
Additions
-
4,483
4,483
At 31 March 2024
13,818
31,855
45,673
Depreciation and impairment
At 1 April 2023
13,818
26,664
40,482
Depreciation charged in the year
-
1,079
1,079
At 31 March 2024
13,818
27,743
41,561
Carrying amount
At 31 March 2024
-
4,112
4,112
At 31 March 2023
-
708
708
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,871
94
Other debtors
-
433
Prepayments and accrued income
77,882
50,672
81,753
51,199
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
14,903
15,423
Trade creditors
6,714
129
Other creditors
13,473
10,000
Accruals and deferred income
28,222
27,507
63,312
53,059
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
13
Loans and overdrafts
2024
2023
£
£
Other loans
12,500
22,500
Payable after one year
12,500
22,500
14
Creditors: amounts falling due after more than one year
2024
2023
£
£
Borrowings
12,500
22,500

The creditor amount at 31 March 2023 relates to a Bounce Back Loan received in 2021 which had an initial twelve month capital holiday.

15
Retirement benefit schemes
Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £16,157 (2023 - £19,656).

WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 21 -
16
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
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Revaluations, gains and losses
Balance at
31 March 2024
£
£
£
£
£
£
£
£
£
£
Pathfinder
9,698
283,919
(287,281)
(6,336)
-
274,071
(225,701)
-
(48,370)
-
Social Innovation Partnership Projects
7,644
344,866
(293,086)
(7,695)
51,729
371,290
(238,663)
3,108
(154,014)
33,450
South Glasgow
4,599
138,601
(162,638)
19,438
-
117,204
(104,064)
-
(13,140)
-
Aberdeen Care Experienced
19,906
23,359
(42,682)
(583)
-
-
-
-
-
-
Argyll
12,106
69,344
(80,307)
(1,143)
-
90,866
(88,428)
-
7,562
10,000
DM Thomas Foundation (Glasgow Projects)
29,702
-
-
(29,702)
-
-
-
-
-
-
On Your Side Mentoring Programme
27,292
38,000
(39,038)
-
26,254
36,000
(44,652)
-
(8,549)
9,053
CAF Resiliance Fund
122,500
42,500
(165,000)
-
-
-
-
-
-
-
abrdn Charitable Foundation
-
3,000
-
-
3,000
108
-
(3,108)
-
-
233,447
943,589
(1,070,032)
(26,021)
80,983
889,539
(701,508)
-
(216,511)
52,503
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16
Restricted funds
(Continued)
- 22 -

Pathfinder

Funding is received from the Investment in Communities Fund and Glasgow Communities Fund to support young people into work from areas of deprivation.

 

South Glasgow

Funding is received from the Glasgow Communities Fund to support young people into work from areas of deprivation.

 

Social Innovation Partnership Projects

Three projects delivered in partnership with Centrestage Kilmarnock and Street Soccer, Edinburgh & Aberdeen supporting targeted young people who are finding it difficult to get started in employment.

 

Aberdeen Care Experienced

Funding is received from Aberdeen City Council to support young people who are care experienced.

 

Leith Pioneers

Funding is received from Employability Third Part Grant Fund (City of Edinburgh Council) and private funders to support young people leaving school who have disengaged from education services.

 

abrdn Charitable Foundation

Funding was received to be used within the Aberdeen projects.

 

Other Grants and Donations

Funding is received from housing associations as a project management fee, some of which is allocated to the relevant restricted project to cover direct delivery costs.

 

 

 

 

WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 23 -
17
Analysis of net assets between funds
General
Restricted
Funds
Funds
Total
Total
2024
2024
2024
2023
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
4,112
-
4,112
708
Current assets/(liabilities)
8,770
52,503
61,273
220,464
Long term liabilities
(12,500)
-
(12,500)
(22,500)
382
52,503
52,885
198,672
18
Related party transactions

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

Remuneration of key management personnel

The key management personal of the charity comprise the Trustees, the Chief Executive Officer, the Founder/Director, the Head of Development, the Head of Operations and the Finance/Fundraising Manager. Remuneration of key management personnel is as follows.

 

 

2024
2023
£
£
Aggregate compensation
159,480
169,092
19
Trustees

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

20
Cash generated from operations
2024
2023
£
£
Deficit for the year
(145,787)
(165,765)
Adjustments for:
Investment income recognised in statement of financial activities
(1,081)
(782)
Depreciation and impairment of tangible fixed assets
1,080
355
Movements in working capital:
(Increase)/decrease in debtors
(30,554)
66,955
Increase in creditors
10,253
982
Cash absorbed by operations
(166,089)
(98,255)
WORKING RITE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 24 -
21
Analysis of changes in net funds
At 1 April 2023
Cash flows
At 31 March 2024
£
£
£
Cash at bank and in hand
222,324
(179,492)
42,832
Loans falling due after more than one year
(22,500)
10,000
(12,500)
199,824
(169,492)
30,332
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