IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Audited Large and medium-sized companies regime for accounts Full Charities SORP true true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1637262023-03-31SC1637262024-03-31SC1637262023-04-012024-03-31SC1637262022-03-31SC1637262022-04-012023-03-31SC1637262023-03-31SC163726ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC163726ns15:PoundSterling2023-04-012024-03-31SC163726ns11:FRS1022023-04-012024-03-31SC163726ns11:Audited2023-04-012024-03-31SC163726ns11:LargeMedium-sizedCompaniesRegimeForAccounts2023-04-012024-03-31SC163726ns11:FullAccounts2023-04-012024-03-31SC163726ns11:CharitiesSORP2023-04-012024-03-31SC163726ns0:Trustee22023-04-012024-03-31SC163726ns0:Trustee32023-04-012024-03-31SC163726ns0:Trustee42023-04-012024-03-31SC163726ns0:Trustee52023-04-012024-03-31SC163726ns0:Trustee62023-04-012024-03-31SC163726ns0:Trustee12023-04-012024-03-31SC163726ns11:RegisteredOffice2023-04-012024-03-31SC163726ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC163726ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC163726ns0:TotalEndowmentFunds2023-04-012024-03-31SC163726ns0:Activity82023-04-012024-03-31SC163726ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC163726ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC163726ns0:TotalEndowmentFundsns0:Activity82023-04-012024-03-31SC163726ns0:Activity82022-04-012023-03-31SC163726ns0:TotalUnrestrictedFunds2023-03-31SC163726ns0:TotalRestrictedIncomeFunds2023-03-31SC163726ns0:TotalEndowmentFunds2023-03-31SC163726ns0:TotalUnrestrictedFunds2024-03-31SC163726ns0:TotalRestrictedIncomeFunds2024-03-31SC163726ns0:TotalEndowmentFunds2024-03-31SC163726ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-31SC163726ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-31SC163726ns0:TotalEndowmentFundsns10:WithinOneYear2024-03-31SC163726ns10:WithinOneYear2024-03-31SC163726ns10:WithinOneYear2023-03-31SC163726ns0:TotalUnrestrictedFundsns10:AfterOneYear2024-03-31SC163726ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-03-31SC163726ns0:TotalEndowmentFundsns10:AfterOneYear2024-03-31SC163726ns10:AfterOneYear2024-03-31SC163726ns10:AfterOneYear2023-03-31SC16372622023-04-012024-03-31SC16372632023-04-012024-03-31SC16372612023-04-012024-03-31SC16372612022-04-012023-03-31SC163726132023-04-012024-03-31SC163726132022-04-012023-03-31SC163726ns10:OwnedAssets2023-04-012024-03-31SC163726ns10:OwnedAssets2022-04-012023-03-31SC163726ns10:LeasedAssets2023-04-012024-03-31SC163726ns10:LeasedAssets2022-04-012023-03-31SC163726ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC163726ns10:LandBuildingsns10:LongLeaseholdAssets2023-03-31SC163726ns10:PlantMachinery2023-03-31SC163726ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-04-012024-03-31SC163726ns10:LandBuildingsns10:LongLeaseholdAssets2023-04-012024-03-31SC163726ns10:PlantMachinery2023-04-012024-03-31SC163726ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-03-31SC163726ns10:LandBuildingsns10:LongLeaseholdAssets2024-03-31SC163726ns10:PlantMachinery2024-03-31SC163726ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC163726ns10:LandBuildingsns10:LongLeaseholdAssets2023-03-31SC163726ns10:PlantMachinery2023-03-31SC163726ns10:MotorVehicles2023-03-31SC163726ns10:ComputerEquipment2023-03-31SC163726ns10:MotorVehicles2023-04-012024-03-31SC163726ns10:ComputerEquipment2023-04-012024-03-31SC163726ns10:MotorVehicles2024-03-31SC163726ns10:ComputerEquipment2024-03-31SC163726ns10:MotorVehicles2023-03-31SC163726ns10:ComputerEquipment2023-03-31SC163726ns10:Between6MonthsOneYear2024-03-31SC163726ns10:Between6MonthsOneYear2023-03-31SC163726ns10:BetweenThreeFourYears2024-03-31SC163726ns10:BetweenThreeFourYears2023-03-31
REGISTERED COMPANY NUMBER: SC163726 (Scotland)
REGISTERED CHARITY NUMBER: SC024856














Trustees' Report and

Audited Financial Statements for the Year Ended 31 March 2024

for

Silver Birch (Scotland) Limited
(A Company Limited by Guarantee)

Silver Birch (Scotland) Limited






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Reference and Administrative Details 1

Chairperson's Report 2

Trustees' Report 3 to 6

Report of the Independent Auditors 7 to 10

Statement of Financial Activities 11

Balance Sheet 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15 to 25

Silver Birch (Scotland) Limited

Reference and Administrative Details
for the Year Ended 31 March 2024



TRUSTEES Rhondda Geekie
Jean Cherry
Michael Taylor
John Bruce (resigned 6.4.24)
Christian Donaldson (appointed 3.4.24)
Carolyn Jones (appointed 26.7.24)


REGISTERED OFFICE 6A Lochmill Holdings
Antermony Road
Milton of Campsie
Glasgow
G66 8AE


REGISTERED COMPANY
NUMBER
SC163726 (Scotland)


REGISTERED CHARITY
NUMBER
SC024856


INDEPENDENT AUDITORS Stevenson & Kyles
Chartered Accountants
Statutory Auditor
25 Sandyford Place
Glasgow
G3 7NG


BANKERS Royal Bank of Scotland
116 Cowgate
Kirkintilloch
Glasgow
G66 1JX

Silver Birch (Scotland) Limited

Chairperson's Report
for the Year Ended 31 March 2024

This has been a difficult year for Silver Birch because of the serious illness of our much-loved manager Mark, which sadly ended with his untimely death in October 2023. Everyone associated with the organisation were affected by the loss of this lovely man who had become such a huge part of the Silver Birch family.

We were lucky during this period that all the staff but especially our Client Manager took on extra responsibilities to make sure there were no gaps in the service we offered to our clients. The Board had to start recruiting for a new manager at the end of the year and were lucky to have a strong group of applicants applying with a new manager chosen and starting at the end of March 2024. We are looking forward to welcoming Neil to take us forward into the future. He will be arriving in time to help at our Annual Spring Open Day which is always very popular locally and I am sure this year will be no different.

A successful grant was applied for which allowed some work to take place on our paths to make sure they are safe for clients. Keeping hedges and bushes under control is an ongoing challenge for the staff as we do have a large plot of land. The upkeep of the building, poly tunnels and vehicles are also the subject of much discussion at our board meetings to make sure they are fit for purpose.

Thanks to all the Councils, self-funders and customers, the work of Silver Birch can continue. Thanks also to our clients, staff and board who deliver the service which continues to improve on a daily basis.


.............................................

Rhondda Geekie, Chairperson

Date: 25 October 2024

Silver Birch (Scotland) Limited (Registered number: SC163726)

Trustees' Report
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Policies and objectives
Silver Birch (Scotland) Limited aims to provide training and work experience to individuals with a learning disability within a horticultural related environment. The organisation works in partnership with a range of public and private voluntary employers and organisations to ensure placements are effective and goods produced are of the highest standards possible. The organisation takes account of and aims to address, not only the needs of the client group but within the goods produced, the environmental strategies at European, UK, Scottish and local level.

Activities undertaken to achieve objectives
The chairperson's report covers these areas.

ACHIEVEMENT AND PERFORMANCE
Review of activities
The chairperson's report covers these areas.

FINANCIAL REVIEW
Principal funding sources
The main part of the funding of the organisation is through service level agreements with East Dunbartonshire Council, Glasgow City Council, North Lanarkshire Council and other local authorities. The financial results are as set out in the attached financial statements. Incoming resources totalled £653,301 (2023 - £608,081). The surplus from operations is £70,652 (2023 - £19,314). Net assets at 31 March 2024 are £1,367,669 (2023 - £1,297,017), comprising property funds of £481,724 (2023 - £489,310), and unrestricted funds of £885,945 (2023: £807,707).

Reserves policy
The Trustees have agreed a reserves policy of the organisation to ensure a smooth transition through any period of financial difficulty or disruption. The organisation aims to always hold reserves of 3-4 months operating costs to support us through periods of uncertainty or financial instability, and this requirement has been achieved at the year end.

Going concern
The financial statements have been prepared on a going concern basis after consideration of the future prospects of the charitable company, its financial forecasts, expected income from its funders and non-contract services and available free cash reserves to support its activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charitable company, which is a recognised charity in Scotland (SC024856), is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 27 February 1996.


Silver Birch (Scotland) Limited (Registered number: SC163726)

Trustees' Report
for the Year Ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The Directors of the charitable company ("the charity") are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. As set out in the Articles of Association the trustees may be appointed and removed by the members of the charitable company. The minimum number of trustees as set out in the Articles of Association is two and there is no maximum (subject to any amendment permitted by ordinary resolution). The charitable company, being limited by guarantee, does not have an issued share capital in which the Trustees can hold an interest. The following Directors served during the year:

Rhondda Geekie
Jean Cherry
Michael Taylor
John Bruce

Organisational structure and decision-making policies
The Board of Trustees, who meet regularly, are responsible for the governance of the charitable company. A
manager is appointed by the Trustees to administer the day to day activities.

Policies adopted for the induction and training of Trustees
The Trustees actively recruit board members, based on the skills required to effectively manage the organisation. This policy includes an initial induction process, introducing the activities of the organisation and an assessment of the skills of the individual. This is then followed by an invitation to attend a board meeting to observe the discussions and requirements of board members. Following this initial meeting, if the other members feel it appropriate, the individual is then invited to become a trustee of Silver Birch (Scotland) Limited. Training is available to each board member on a variety of areas, including the roles and responsibilities of trustees and any new legislation or best practice policies. This process enables Silver Birch (Scotland) Limited to appoint the most appropriate and committed trustees to manage the organisation.

Pay policy for key management personnel
The remuneration for senior staff is determined annually by the Board based on reference to benchmarking, inflation and affordability. Annual staff increments are based on wider labour market data and are determined using comparative statistical information gathered from other senior roles within third sector and charitable organisations. Salary benchmarking is essential for comparing the pay and benefits Silver Birch (Scotland) Limited offer against those offered by competitors. The process prevents the loss of employees to other similar organisations.

Key stakeholder relationships
Close links and relations are maintained with the following organisations in relation to client progression within the organisation and the skills attained:

East Dunbartonshire Council
Glasgow City Council
North Lanarkshire Council
EDC - NHS Resource Transfer


Silver Birch (Scotland) Limited (Registered number: SC163726)

Trustees' Report
for the Year Ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Financial risk management
The Trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

We are aware of three main significant risks which could impact the organisation, including:

-Pressure on local authority budgets - we aim to mitigate by ensuring our reserves policy is followed
and that we have adequate funds in place at all times. We also actively promote the organisation to
new client groups to ensure new streams of income from all potential local authority areas.

-Reduction in value of service level agreements - mitigating factors listed above as well as full
dialogue with all staff to ensure efficiency savings can be made at all levels.

-Increased service delivery costs - regular analysis of service delivery costs to ensure value for
money and cost effectiveness. Where a service stream becomes financially ineffective, we would
alter to ensure affordability.

Plans for future periods
Future plans include running extra events to generate funding and increase our customer base. There are also plans to increase our clients by advertising our services, especially within the East Dunbartonshire area.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees (who are also the directors of the charitable company for the purposes 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 year, under company law, the Trustees 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 charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles of the Charities SORP (FRS 102);
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Silver Birch (Scotland) Limited (Registered number: SC163726)

Trustees' Report
for the Year Ended 31 March 2024

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable company's auditors are aware of that information.

AUDITORS
The auditors, Stevenson & Kyles, will be proposed for re-appointment at a meeting of the Trustees.

Approved by order of the board of trustees on 25 October 2024 and signed on its behalf by:





Rhondda Geekie - Trustee

Report of the Independent Auditors to the Trustees and Members of
Silver Birch (Scotland) Limited

Opinion
We have audited the financial statements of Silver Birch (Scotland) Limited (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; 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 UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 22 to the financial statements, 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 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 trustees with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Trustees and Members of
Silver Birch (Scotland) Limited


Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Trustees' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the 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 Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires 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 trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the trustees' Report.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees 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 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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Trustees and Members of
Silver Birch (Scotland) Limited


Our responsibilities for the audit of the financial statements
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 a Report of the Independent Auditors 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:

Auditor's approach to assessing the risks of material misstatement due to irregularities
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. Those that have a direct impact include: FRS 102, Companies Act 2006, and Charities and Trustee Investment (Scotland) Act 2005. Those that have an indirect impact include: General Data Protection Regulations (GDPR), employment matters and health and safety regulations. We then considered the extent to which non-compliance might have a material effect on the financial statements.

We assessed the risk of material misstatement in respect of fraud and made enquiries of management as to the existence of, or any evidence of, actual or suspected instances of fraud. Based on the auditing standards we addressed two fraud risks that were relevant to our audit, in relation to revenue recognition and management override of controls.

Audit procedures designed to respond to the risk of non-compliance with laws and regulations
Based on the results of our risk assessment we designed audit procedures to identify non-compliance with such laws and regulations identified above. We made enquiries of management and those charged with governance as to any non-compliance and corroborated responses given by reviewing the legal costs incurred by the client for evidence of any undisclosed matters.

Compliance with the requirements of the accounting standards, charity and company law in terms of the form and content of the accounts was ensured using disclosure checklists and through vouching of disclosures to supporting documentation.

Audit procedures designed to respond to the risk of fraud
In response to the risk of fraud through management override, we incorporated testing of manual journal entries into our audit approach. In order to address the risk of fraud in relation to recognition of revenue we undertook substantive testing of revenues.

Considerations around likelihood of detection
There are inherent difficulties in the audit process described above to detect the existence of irregularities. We have mitigated these limitations by assessing the adequacy of the company's internal controls including the existence of appropriate segregation of duties and by the nature, timing and extent of the audit procedures involved, by introducing an element of unpredictability in our sampling and testing.

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 Report of the Independent Auditors.

Report of the Independent Auditors to the Trustees and Members of
Silver Birch (Scotland) Limited


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 the trustees 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 and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Amardeep Kalsi CA (Senior Statutory Auditor)
for and on behalf of Stevenson & Kyles
Chartered Accountants
Statutory Auditor
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
25 Sandyford Place
Glasgow
G3 7NG

25 October 2024

Silver Birch (Scotland) Limited

Statement of Financial Activities
for the Year Ended 31 March 2024

2024 2023
Unrestricted Restricted Endowment Total Total
fund fund funds funds funds
Notes £    £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 3,866 - - 3,866 1,121

Charitable activities 5
General 583,758 - - 583,758 561,888

Other trading activities 3 64,708 - - 64,708 45,045
Investment income 4 144 - - 144 27
Other income 825 - - 825 -
Total 653,301 - - 653,301 608,081

EXPENDITURE ON
Raising funds 6 45,755 - - 45,755 43,945

Charitable activities 7
General 529,308 - 7,586 536,894 544,822
Total 575,063 - 7,586 582,649 588,767

NET
INCOME/(EXPENDITURE)

78,238

-

(7,586

)

70,652

19,314


RECONCILIATION OF FUNDS
Total funds brought forward 807,707 - 489,310 1,297,017 1,277,703

TOTAL FUNDS CARRIED
FORWARD

885,945

-

481,724

1,367,669

1,297,017

Silver Birch (Scotland) Limited (Registered number: SC163726)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Endowment Total Total
fund fund funds funds funds
Notes £    £    £    £    £   
FIXED ASSETS
Tangible assets 13 341,163 - 481,724 822,887 828,190

CURRENT ASSETS
Stocks 14 11,368 - - 11,368 11,352
Debtors 15 77,352 - - 77,352 88,024
Cash at bank 496,056 - - 496,056 423,851
584,776 - - 584,776 523,227

CREDITORS
Amounts falling due within
one year

16

(31,294

)

-

-

(31,294

)

(51,511

)

NET CURRENT ASSETS 553,482 - - 553,482 471,716

TOTAL ASSETS LESS
CURRENT LIABILITIES

894,645

-

481,724

1,376,369

1,299,906

CREDITORS
Amounts falling due after
more than one year

17

(8,700

)

-

-

(8,700

)

(2,889

)

NET ASSETS 885,945 - 481,724 1,367,669 1,297,017
FUNDS 20
Unrestricted funds 885,945 807,707
Endowment funds 481,724 489,310
TOTAL FUNDS 1,367,669 1,297,017


The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2024 and were signed on its behalf by:





Carolyn Jones - Trustee

Silver Birch (Scotland) Limited

Cash Flow Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 97,508 33,065
Interest paid (1,743 ) (1,627 )
Interest element of hire purchase
payments paid

(1,670

)

(707

)
Net cash provided by operating activities 94,095 30,731

Cash flows from investing activities
Purchase of tangible fixed assets (31,512 ) (19,000 )
Sale of tangible fixed assets 2,200 800
Interest received 144 27
Net cash used in investing activities (29,168 ) (18,173 )

Cash flows from financing activities
Loan repayments in year - (3,774 )
Capital repayments in year 7,278 (4,334 )
Net cash provided by/(used in) financing activities 7,278 (8,108 )

Change in cash and cash equivalents
in the reporting period

72,205

4,450
Cash and cash equivalents at the
beginning of the reporting period

423,851

419,401
Cash and cash equivalents at the end
of the reporting period

496,056

423,851

Silver Birch (Scotland) Limited

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024 2023
£    £   
Net income for the reporting period (as per the Statement of
Financial Activities)

70,652

19,314
Adjustments for:
Depreciation charges 35,440 36,414
(Profit)/loss on disposal of fixed assets (825 ) 2,384
Interest received (144 ) (27 )
Interest paid 1,743 1,627
Interest element of hire purchase and finance lease rental payments 1,670 707
Increase in stocks (16 ) (1,377 )
Decrease/(increase) in debtors 10,672 (50,084 )
(Decrease)/increase in creditors (21,684 ) 24,107
Net cash provided by operations 97,508 33,065


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 423,851 72,205 496,056
423,851 72,205 496,056

Debt
Finance leases (7,222 ) (7,278 ) (14,500 )
(7,222 ) (7,278 ) (14,500 )
Total 416,629 64,927 481,556

Silver Birch (Scotland) Limited

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised once the charitable company 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.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charitable company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

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.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the charitable company's operations, including support costs and costs relating to the governance of the charitable company apportioned to charitable activities. All expenditure is inclusive of irrecoverable VAT.


Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets costing £500 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.

At each reporting date the charitable company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Lochmill- 2% straight line
Plant & machinery-15% reducing balance
Motor vehicles-25% reducing balance
Office equipment-15% reducing balance
Polly tunnels-25% reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.


Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities in administrative expenses.

Government grants
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the charitable company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the Statement of Financial Activities over the same period as the expense it is intended to compensate.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 866 1,121
Grants 3,000 -
3,866 1,121

Grants received, included in the above, are as follows:

2024 2023
£ £

East Dunbartonshire CMHWF 3,000 -
3,000 -


Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Cottage rental 12,774 3,703
Garden centre income 51,934 41,342
64,708 45,045

4. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 144 27

5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Local authority funding General 583,758 561,888

Grants received, included in the above, are as follows:
2024 2023
£    £   
East Dunbartonshire Council 290,092 280,818
EDC Day Services 15,194 18,448
Glasgow City Council 185,811 185,623
Personal Clients 44,919 36,045
North Lanarkshire Council 22,472 21,739
Inverness Council 11,416 10,890
Forensic Directorate 2,490 -
East Renfrewshire Council 8,444 8,325
West Dunbartonshire Council 2,920 -
583,758 561,888


Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. RAISING FUNDS

Other trading activities
2024 2023
£    £   
Purchases 45,548 43,945
Bad debts 207 -
45,755 43,945

7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£    £    £   
General 441,903 94,991 536,894

8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Staff costs 353,437 362,671
Premises costs 27,787 19,176
Kitchen expenses 1,520 342
Staff training and recruitment 3,133 741
Site maintenance 14,366 24,755
Vehicle costs 41,660 42,813
441,903 450,498

9. SUPPORT COSTS
Governance
Management Finance Other costs Totals
£    £    £    £    £   
General 68,865 1,670 16,456 8,000 94,991

Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Auditors' remuneration 8,000 6,750
Depreciation - owned assets 30,821 36,414
Depreciation - assets on hire purchase contracts and finance leases 4,619 -
Other operating leases 16,456 17,136
Surplus/(deficit) on disposal of fixed assets (825 ) 2,384

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


12. STAFF COSTS
2024 2023
£    £   
Wages and salaries 324,306 330,869
Social security costs 23,935 25,871
Other pension costs 5,196 5,931
353,437 362,671

In line with the allocation of staff costs generally, all contributions made to defined contributions on behalf of employees are allocated to unrestricted funds.

The average monthly number of employees during the year was as follows:

2024 2023
Direct 11 13
Administrative 2 1
13 14

No employee received remuneration amounting to more than £60,000 in either year. Total remuneration (including employer NIC and pension contributions) in respect of key management personnel was £81,369 (2023 - £110,823). Key management personnel comprise the General Manager and Client Manager.

Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 948,428 13,468 72,662
Additions - - -
Disposals - - -
At 31 March 2024 948,428 13,468 72,662
DEPRECIATION
At 1 April 2023 190,978 13,468 51,687
Charge for year 14,289 - 4,604
Eliminated on disposal - - -
At 31 March 2024 205,267 13,468 56,291
NET BOOK VALUE
At 31 March 2024 743,161 - 16,371
At 31 March 2023 757,450 - 20,975

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 116,701 14,703 1,165,962
Additions 31,512 - 31,512
Disposals (11,500 ) - (11,500 )
At 31 March 2024 136,713 14,703 1,185,974
DEPRECIATION
At 1 April 2023 69,829 11,810 337,772
Charge for year 16,113 434 35,440
Eliminated on disposal (10,125 ) - (10,125 )
At 31 March 2024 75,817 12,244 363,087
NET BOOK VALUE
At 31 March 2024 60,896 2,459 822,887
At 31 March 2023 46,872 2,893 828,190

Included in cost or valuation of land and buildings is freehold land of £233,988 (2023 - £233,988) which is not depreciated.

Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor
vehicles
£   
COST
Additions 31,512
DEPRECIATION
Charge for year 4,619
NET BOOK VALUE
At 31 March 2024 26,893
At 31 March 2023 -

14. STOCKS
2024 2023
£    £   
Finished goods 11,368 11,352

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,114 78,329
Other debtors 44,705 7,519
Prepayments 2,533 2,176
77,352 88,024


Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase (see note 18) 5,800 4,333
Trade creditors 9,502 11,057
Other creditors - 19,522
Accruals and deferred income 15,992 16,599
31,294 51,511

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase (see note 18) 8,700 2,889

18. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,800 4,333
Between one and five years 8,700 2,889
14,500 7,222

19. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 14,500 7,222

The bank has a standard security over the heritable property of the company.

Hire purchase liabilities are secured over the relevant assets.


Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 807,707 78,238 885,945

Endowment funds
Lochmill Endowment Fund 489,310 (7,586 ) 481,724

TOTAL FUNDS 1,297,017 70,652 1,367,669

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 653,301 (575,063 ) 78,238

Endowment funds
Lochmill Endowment Fund - (7,586 ) (7,586 )

TOTAL FUNDS 653,301 (582,649 ) 70,652


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 780,807 26,900 807,707

Endowment funds
Lochmill Endowment Fund 496,896 (7,586 ) 489,310

TOTAL FUNDS 1,277,703 19,314 1,297,017

Silver Birch (Scotland) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 608,081 (581,181 ) 26,900

Endowment funds
Lochmill Endowment Fund - (7,586 ) (7,586 )

TOTAL FUNDS 608,081 (588,767 ) 19,314

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

22. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.