Dress for Success Scotland Ltd - Charities report

REGISTERED COMPANY NUMBER: SC371432 (Scotland)

REGISTERED CHARITY NUMBER: SCO41288

Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31st December 2024

for

Dress for Success Scotland Ltd

Page

Report of the Trustees

1

Independent Examiner's Report

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

13

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 31st December 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC371432 (Scotland)

Registered Charity number

SCO41288

Registered office

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

Trustees

Ms E Bell Retired

Miss B Christie Tech Analyst (resigned 13/3/2024)

Mrs P C Wallace Develpoment officer (appointed 10/1/2024)

Miss J Bruce Communications manager (appointed 10/1/2024) (resigned 19/3/2025)

Miss M J Mullane Business Operations Manager (appointed 10/1/2024) (resigned 14/9/2024)

Miss C F Todd Beauty Therapist

Mrs A McCulloch Director (appointed 13/3/2024)

Mrs N T Beal Chair/Director (appointed 14/8/2024)

Company Secretary

Mrs M J Menzies

Independent Examiner

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

Approved by order of the board of trustees on 10th September 2025 and signed on its behalf by:

Mrs N T Beal - Trustee

I report on the accounts for the year ended 31st December 2024 set out on pages three to thirteen.

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.

Mark Cooper FCCA

The Association of Chartered Certified Accountants

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

10th September 2025

2024

2023

Unrestricted

Restricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,664

-

1,664

5,126

Charitable activities

-

57,434

37,334

Other trading activities

3

4,975

-

4,975

3,941

Total

6,639

57,434

64,073

46,401

EXPENDITURE ON

Raising funds

Raising donations and legacies

4

343

-

343

1,830

343

-

343

1,830

Charitable activities

11,869

12,466

24,335

19,296

Other

1,346

28,318

29,664

16,120

Total

13,558

40,784

54,342

37,246

NET INCOME/(EXPENDITURE)

(6,919

)

16,650

9,731

9,155

Transfers between funds

11

(6,391

)

6,391

-

Net movement in funds

(13,310

)

23,041

9,731

9,155

RECONCILIATION OF FUNDS

Total funds brought forward

17,262

22,698

39,960

30,805

TOTAL FUNDS CARRIED FORWARD

3,952

45,739

49,691

39,960

2024

2023

Unrestricted

Restricted

Total

funds

Notes

£

FIXED ASSETS

Tangible assets

9

5,142

1,124

6,266

793

CURRENT ASSETS

Cash at bank and in hand

627

44,614

45,241

40,695

CREDITORS

Amounts falling due within one year

10

(1,816

)

-

(1,816

)

(1,528

)

NET CURRENT ASSETS

(1,189

)

44,614

43,425

39,167

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,953

45,738

49,691

39,960

NET ASSETS

3,953

45,738

49,691

39,960

FUNDS

11

Unrestricted funds

3,953

17,262

Restricted funds

45,738

22,698

TOTAL FUNDS

49,691

39,960

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 10th September 2025 and were signed on its behalf by:

N T Beal - Trustee

1.	DISCLOSURE OF DONATIONS IN KIND

In respect of the premises rent it is received as an in-kind donation to the charity.

2.	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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	OTHER TRADING ACTIVITIES

2024

2023

£

Fundraising events

4,975

3,941

4.	RAISING DONATIONS AND LEGACIES

2024

2023

£

Trustees' expenses

-

1,004

Marketing materials

294

826

Support costs

49

-

343

1,830

5.	NET INCOME/(EXPENDITURE)

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

2024

2023

£

Depreciation - owned assets

1,616

475

6.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

2024

2023

£

Trustees' expenses

-

1,004

7.	STAFF COSTS

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

2024

2023

Employees

2

No employees received emoluments in excess of £60,000.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,124

2

5,126

Charitable activities

-

37,334

Other trading activities

3,941

-

3,941

Total

9,065

37,336

46,401

EXPENDITURE ON

Raising funds

Raising donations and legacies

1,749

81

1,830

1,749

81

1,830

Charitable activities

16,377

2,919

19,296

Other

694

15,426

16,120

Total

18,820

18,426

37,246

NET INCOME/(EXPENDITURE)

(9,755

)

18,910

9,155

RECONCILIATION OF FUNDS

Total funds brought forward

27,016

3,789

30,805

TOTAL FUNDS CARRIED
FORWARD

17,261

22,699

39,960

9.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st January 2024

1,750

4,134

5,884

Additions

7,089

-

7,089

At 31st December 2024

8,839

4,134

12,973

DEPRECIATION

At 1st January 2024

1,750

3,341

5,091

Charge for year

1,418

198

1,616

At 31st December 2024

3,168

3,539

6,707

NET BOOK VALUE

At 31st December 2024

5,671

595

6,266

At 31st December 2023

-

793

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Social security and other taxes

617

470

Pension creditor

366

223

Accrued expenses

833

835

1,816

1,528

11.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1/1/24

in funds

funds

31/12/24

£

Unrestricted funds

General fund

17,262

(6,918

)

(6,391

)

3,953

Restricted funds

William Grant Foundation

973

-

(973

)

-

Investing in Ideas

516

-

(516

)

-

Stem Fund

250

-

(250

)

-

North Lanarkshire Council

50

-

(50

)

-

ScotWest Credit Union

6

(1

)

(5

)

-

The Fore

6,083

(6,652

)

569

-

Smallwood Trust

14,820

3,202

7,616

25,638

VASLAN Grant Foundation

-

15,000

-

15,000

Glasgow Wellbeing Fund

-

5,100

-

5,100

22,698

16,649

6,391

45,738

TOTAL FUNDS

39,960

9,731

-

49,691

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

6,639

(13,557

)

(6,918

)

Restricted funds

ScotWest Credit Union

(1

)

-

(1

)

The Fore

15,001

(21,653

)

(6,652

)

Smallwood Trust

22,334

(19,132

)

3,202

VASLAN Grant Foundation

15,000

-

15,000

Glasgow Wellbeing Fund

5,100

-

5,100

57,434

(40,785

)

16,649

TOTAL FUNDS

64,073

(54,342

)

9,731

Comparatives for movement in funds

Net

movement

At

At 1/1/23

in funds

31/12/23

£

Unrestricted funds

General fund

27,016

(9,754

)

17,262

Restricted funds

William Grant Foundation

973

-

973

Investing in Ideas

516

-

516

Stem Fund

250

-

250

North Lanarkshire Council

50

-

50

ScotWest Credit Union

2,000

(1,994

)

6

The Fore

-

6,083

Smallwood Trust

-

14,820

3,789

18,909

22,698

TOTAL FUNDS

30,805

9,155

39,960

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

9,065

(18,819

)

(9,754

)

Restricted funds

ScotWest Credit Union

1

(1,995

)

(1,994

)

The Fore

15,000

(8,917

)

6,083

Smallwood Trust

22,335

(7,515

)

14,820

37,336

(18,427

)

18,909

TOTAL FUNDS

46,401

(37,246

)

9,155

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

Net

Transfers

movement

between

At

At 1/1/23

in funds

funds

31/12/24

£

Unrestricted funds

General fund

27,016

(16,672

)

(6,391

)

3,953

Restricted funds

William Grant Foundation

973

-

(973

)

-

Investing in Ideas

516

-

(516

)

-

Stem Fund

250

-

(250

)

-

North Lanarkshire Council

50

-

(50

)

-

ScotWest Credit Union

2,000

(1,995

)

(5

)

-

The Fore

-

(569

)

569

-

Smallwood Trust

-

18,022

7,616

25,638

VASLAN Grant Foundation

-

15,000

-

15,000

Glasgow Wellbeing Fund

-

5,100

-

5,100

3,789

35,558

6,391

45,738

TOTAL FUNDS

30,805

18,886

-

49,691

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

15,704

(32,376

)

(16,672

)

Restricted funds

ScotWest Credit Union

-

(1,995

)

(1,995

)

The Fore

30,001

(30,570

)

(569

)

Smallwood Trust

44,669

(26,647

)

18,022

VASLAN Grant Foundation

15,000

-

15,000

Glasgow Wellbeing Fund

5,100

-

5,100

94,770

(59,212

)

35,558

TOTAL FUNDS

110,474

(91,588

)

18,886

12.	RELATED PARTY DISCLOSURES

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