REGISTERED COMPANY NUMBER: SC282589 (Scotland)

REGISTERED CHARITY NUMBER: SC036433

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2025

for

The Young Programme Limited

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

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 30 June 2025. 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

The principal activity of the company is that of sponsoring and promoting educational events.

ACHIEVEMENTS AND PERFORMANCE

The charity runs the Young Ireland Programme and also aims to provide endowed places in other Young Programme events for young people who work or volunteer in the charitable sector and whose employers are therefore unlikely to be able to afford the costs of the programme. The charity was also responsible for maintaining the Young Programme website and sponsored prizes in events run by other charities with the aim of encouraging the intellectual development of young people.

FINANCIAL REVIEW

Total income of £126,886 (2024 - £111,361) was received during the year.

Total expenditure incurred was £112,258 (2024 - £100,692).

At the end of the year net incoming resources were £14,628 - (2024 - £10,669). Further details are provided in the notes.

The charity's income comes in the main from The Young Programme Events Ltd.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company is limited by guarantee and was incorporated on 3 April 2005. It is governed by it Memorandum and Articles of Association dated 30 March 2005. It is registered as a Scottish Charity, under number SC036433. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Recruitment and appointment of new trustees

The trustees who served during the period were as shown in the "Reference and Administrative Details" section below.

The Articles of Association do not require trustees to retire from the Board by rotation. The trustees have the power to appoint any person to the board of trustees, whether to fill a casual vacancy, or otherwise.

The trustees are appointed by the members in General Meeting and from their number a Chairperson is appointed. There is no maximum number of trustees but there shall not be less than three. New trustees undergo an appropriate induction programme to brief them on their obligations under charity and company law and the financial performance of the company.

Trustees are entitled to receive remuneration and expenses in accordance with the Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC282589 (Scotland)

Registered Charity number

SC036433

Registered office

221 Liberator House

Glasgow Prestwick Airport

Prestwick

South Ayrshire

KA9 2PT

Trustees

Ms F C MacDonald

A T McIntyre

Ms I I McLeod

Ms A J Williams

W G Deslandes

Ms M C Rodgers

Company Secretary

Ms I I McLeod

Independent Examiner

Marcus D MacIver CA

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

Approved by order of the board of trustees on 19 August 2025 and signed on its behalf by:

Ms I I McLeod - Trustee

I report on the accounts for the year ended 30 June 2025 set out on pages four to twelve.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

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

Independent examiner's statement

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

(1)	which gives me reasonable cause to believe that, in any material respect, the requirements

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

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Marcus D MacIver CA

The Institute of Chartered Accountants of Scotland

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

19 August 2025

30.6.25

30.6.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

126,886

111,361

EXPENDITURE ON

Charitable activities

3

General

112,258

100,692

NET INCOME

14,628

10,669

RECONCILIATION OF FUNDS

Total funds brought forward

137,518

126,849

TOTAL FUNDS CARRIED FORWARD

152,146

137,518

30.6.25

30.6.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Investments

7

2

2

CURRENT ASSETS

Debtors

8

23,351

24,394

Cash at bank

129,413

113,742

152,764

138,136

CREDITORS

Amounts falling due within one year

9

(620

)

(620

)

NET CURRENT ASSETS

152,144

137,516

TOTAL ASSETS LESS CURRENT LIABILITIES

152,146

137,518

NET ASSETS

152,146

137,518

FUNDS

10

Unrestricted funds

152,146

137,518

TOTAL FUNDS

152,146

137,518

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 19 August 2025 and were signed on its behalf by:

I I McLeod - Trustee

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, with the exception of investments which are included at market value.

Income

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

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	DONATIONS AND LEGACIES

30.6.25

30.6.24

£

£

Donations

55,912

35,134

Enrolment fees

70,974

76,227

126,886

111,361

3.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 4)

Totals

£

£

£

General

111,550

708

112,258

4.	SUPPORT COSTS

Governance

costs

£

General

708

5.	TRUSTEES' REMUNERATION AND BENEFITS

Although there were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024, consultancy fees of £3,000 were paid to Ms F C MacDonald, £3,300 paid to M C Rodgers, and £19,000 to Ms I McLeod in 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

111,361

EXPENDITURE ON

Charitable activities

General

100,692

NET INCOME

10,669

RECONCILIATION OF FUNDS

Total funds brought forward

126,849

TOTAL FUNDS CARRIED FORWARD

137,518

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1 July 2024 and 30 June 2025

2

NET BOOK VALUE

At 30 June 2025

2

At 30 June 2024

2

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Young Programme Events Ltd

Registered office:

Nature of business: Event organising

%

Class of share:

holding

Ordinary

100

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

1,427

9,763

Other debtors

21,924

14,631

23,351

24,394

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Accrued expenses

620

620

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.7.24

in funds

30.6.25

£

£

£

Unrestricted funds

General fund

137,518

14,628

152,146

TOTAL FUNDS

137,518

14,628

152,146

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

126,886

(112,258

)

14,628

TOTAL FUNDS

126,886

(112,258

)

14,628

Comparatives for movement in funds

Net

movement

At

At 1.7.23

in funds

30.6.24

£

£

£

Unrestricted funds

General fund

126,849

10,669

137,518

TOTAL FUNDS

126,849

10,669

137,518

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

111,361

(100,692

)

10,669

TOTAL FUNDS

111,361

(100,692

)

10,669

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.7.23

in funds

30.6.25

£

£

£

Unrestricted funds

General fund

126,849

25,297

152,146

TOTAL FUNDS

126,849

25,297

152,146

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

238,247

(212,950

)

25,297

TOTAL FUNDS

238,247

(212,950

)

25,297

11.	RELATED PARTY DISCLOSURES

During the year, consultancy fees of £3,000 were paid to Ms F C MacDonald, consultancy fees of £3,300 were paid to M C Rodgers, and consultancy fees of £19,000 were paid to Ms I McLeod. All individuals are also trustees of the charity.

12.	ULTIMATE CONTROLLING PARTY

In the opinion of the trustees, there is no ultimate controlling party.