IRIS Accounts Production v25.3.0.601 Other Company accounts True false Pounds 1.4.24 31.3.25 31.3.25 FY FRS 102 Audited Small companies regime for accounts Full Charities SORP true true true true true false true false false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC419662 2024-03-31 SC419662 2025-03-31 SC419662 2024-04-01 2025-03-31 SC419662 2023-03-31 SC419662 2023-04-01 2024-03-31 SC419662 2024-03-31 SC419662 ns0:CharitableCompanyLimitedByGuarantee 2024-04-01 2025-03-31 SC419662 ns15:PoundSterling 2024-04-01 2025-03-31 SC419662 ns11:FRS102 2024-04-01 2025-03-31 SC419662 ns11:Audited 2024-04-01 2025-03-31 SC419662 ns11:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC419662 ns11:FullAccounts 2024-04-01 2025-03-31 SC419662 ns11:CharitiesSORP 2024-04-01 2025-03-31 SC419662 ns0:Trustee2 2024-04-01 2025-03-31 SC419662 ns0:Trustee3 2024-04-01 2025-03-31 SC419662 ns0:Trustee4 2024-04-01 2025-03-31 SC419662 ns0:Trustee1 2024-04-01 2025-03-31 SC419662 ns11:RegisteredOffice 2024-04-01 2025-03-31 SC419662 ns0:TotalUnrestrictedFunds 2024-04-01 2025-03-31 SC419662 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 SC419662 ns0:TotalUnrestrictedFunds ns0:Activity8 2024-04-01 2025-03-31 SC419662 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 SC419662 ns0:Activity8 2024-04-01 2025-03-31 SC419662 ns0:Activity8 2023-04-01 2024-03-31 SC419662 ns0:TotalUnrestrictedFunds 2024-03-31 SC419662 ns0:TotalRestrictedIncomeFunds 2024-03-31 SC419662 ns0:TotalUnrestrictedFunds 2025-03-31 SC419662 ns0:TotalRestrictedIncomeFunds 2025-03-31 SC419662 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-03-31 SC419662 ns10:WithinOneYear ns0:TotalRestrictedIncomeFunds 2025-03-31 SC419662 ns10:WithinOneYear 2025-03-31 SC419662 ns10:WithinOneYear 2024-03-31 SC419662 1 2024-04-01 2025-03-31 SC419662 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-04-01 2025-03-31 SC419662 ns10:PlantMachinery 2024-04-01 2025-03-31 SC419662 ns10:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 SC419662 2 2024-04-01 2025-03-31 SC419662 3 2024-04-01 2025-03-31 SC419662 1 2024-04-01 2025-03-31 SC419662 1 2023-04-01 2024-03-31 SC419662 ns10:OwnedAssets 2024-04-01 2025-03-31 SC419662 ns10:OwnedAssets 2023-04-01 2024-03-31 SC419662 ns0:TotalUnrestrictedFunds 2023-04-01 2024-03-31 SC419662 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 SC419662 ns0:TotalUnrestrictedFunds ns0:Activity8 2023-04-01 2024-03-31 SC419662 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 SC419662 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-03-31 SC419662 ns10:PlantMachinery 2024-03-31 SC419662 ns10:FurnitureFittings 2024-03-31 SC419662 ns10:FurnitureFittings 2024-04-01 2025-03-31 SC419662 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-03-31 SC419662 ns10:PlantMachinery 2025-03-31 SC419662 ns10:FurnitureFittings 2025-03-31 SC419662 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-03-31 SC419662 ns10:PlantMachinery 2024-03-31 SC419662 ns10:FurnitureFittings 2024-03-31

REGISTERED COMPANY NUMBER: SC419662 (Scotland)

REGISTERED CHARITY NUMBER: SC012849

| REPORT OF THE TRUSTEES AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| HEMAT GRYFFE WOMEN'S AID |

| (A COMPANY LIMITED BY GUARANTEE) |

| HEMAT GRYFFE WOMEN'S AID |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 MARCH 2025

| Page |

| Reference and Administrative Details | 1 |

| Report of the Trustees | 2 |  | to |  | 5

| Report of the Independent Auditors | 6 |  | to |  | 8

| Statement of Financial Activities | 9 |

| Balance Sheet | 10 |

| Cash Flow Statement | 11 |

| Notes to the Cash Flow Statement | 12 |

| Notes to the Financial Statements | 13 |  | to |  | 21

| HEMAT GRYFFE WOMEN'S AID |

REFERENCE AND ADMINISTRATIVE DETAILS

for the year ended 31 MARCH 2025

| TRUSTEES | B L Gandhi

| M Chakraborty

| R French

| M Blake

| REGISTERED OFFICE | Flat 0/1 24 Willowbank Street

| Glasgow

| United Kingdom

| G3 6LZ

| REGISTERED COMPANY NUMBER | SC419662 (Scotland)

| REGISTERED CHARITY NUMBER | SC012849

| INDEPENDENT AUDITORS | Thomas Barrie & Co LLP

| Statutory Auditor

| Chartered Accountants

| Atlantic House

| 1a Cadogan Street

| Glasgow

| G2 6QE

| SOLICITORS | Fleming & Reid

| 180 Hope Street

| Glasgow

| G2 2UE

| BANKERS | Bank of Scotland

| PO Box 1000

| BX2 1LB

HEMAT GRYFFE WOMEN'S AID (REGISTERED NUMBER: SC419662) |

REPORT OF THE TRUSTEES

for the year ended 31 MARCH 2025

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 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

Objectives and aims

The objects of the charity are:-

- To provide safe temporary refuge accommodation primarily for women, children and young people primarily from the Asian, black and minority ethnic community where the woman has experienced domestic abuse at the hands of a husband, partner and/or extended family member.

- To provide information and support services to women, children and young people from the Asian, black and minority ethnic community who experience domestic abuse, forced marriage and honour based abuse.

- To provide follow on support to women and children when leaving refuge to live in permanent accommodation in order to prevent immediate hardship and isolation by assisting them to settle into their new home.

- To provide crisis/outreach services to women, children and young people who are experiencing domestic abuse, forced marriage and honour based abuse who are not accessing refuge or follow on services.

- To offer support and help to women, children and young people who ask for help whether or not they are refuge residents and also to offer support and advice to any women and children who have left refuge.

- To provide community-based support and information to women, children, and young people primarily from the Asian, Black and Minority community living within the Glasgow area experiencing, domestic abuse, forced marriage and honour-based abuse.

- To encourage statutory authorities and external agencies to recognise their obligations, legal and otherwise, towards abused women, children and young people and to act accordingly towards the prevention of abuse and relief of suffering.

Mission Statement

- To provide women, children and young people primarily from the Asian, Black and minority ethnic with protection from domestic abuse, forced marriage and honour based abuse.

- To increase external agencies understanding about domestic abuse, forced marriage and honour based abuse in Asian, black and minority ethnic communities,

- To reduce abuse within Asian, Black and minority ethnic communities and to raise awareness of domestic abuse, forced marriage and honour based abuse nationally.

- To provide specialised culturally sensitive support and a listening ear service. We aim to empower women to make valued judgements and decisions to enable them to integrate safely into society.

- To encourage independent living to allow women to determine their own future and live a prosperous life free from abuse.

Affiliation

The organisation is affiliated to Scottish Women's Aid. There are a network of 34 women's aid groups in Scotland. Hemat Gryffe Women's Aid is the only group in Glasgow offering safe temporary refuge as well as a culturally sensitive and specialised service primarily to women, children and young people from the Asian, Black and minority ethnic community.

HEMAT GRYFFE WOMEN'S AID (REGISTERED NUMBER: SC419662) |

REPORT OF THE TRUSTEES

for the year ended 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Glasgow City Council/Glasgow Health and Social Care Partnership (Supporting People and Social Work grants) paid in full.

Glasgow City Council - Housing Benefit awarded an uplift in September 2024.

Glasgow City Council - Making a House a Home Project provided financial assistance to twenty-two women fleeing domestic abuse to furnish their homes and to assist with tenancy sustainment.

Glasgow City Council - Community Fund - services developed across the city to women, children, and young people.Successful recruitment of a Children and Young Persons Community Based Worker has enhanced support for children and young people and increased access to school-based support.

The Scottish Government Delivering Equally Safe Fund grant funds six workers' salaries; support provided to women, children and young people living in the refuge, via the follow-on service or crisis/outreach service. The grant enables service users to participate in a women's group and a range of therapeutic activities. Twenty women participated in English language classes facilitated by Glasgow ESOL Forum. The women's group designed a tapestry displayed at the Botanic Gardens, the project was led by the Village Storytelling Centre, Glasgow. The staff team expanded during the year with the successful recruitment of a Communications & Admin worker based in the drop-in centre and a Women's Support Worker based in the refuge.

The Scottish Government - Fund to Leave - supported four women.

Cash for Kids - Supported Twenty-eight children during the year to alleviate poverty and at Christmas 2024 thirty-four children received One for All voucher.

The Scottish Sadaq Charitable Trust is used primarily to support women who have no recourse to public funds and to make crisis payments.

The Trades Hall of Glasgow Commonweal Fund supported the children's service by providing resources, equipment, clothing and outings and birthday gifts.

Donations received from the Templeton Trust and from training income for online awareness raising and development work.

New equipment and furniture were replaced and upgraded in the refuge. Ergonomic assessments were conducted with the entire staff team resulting in new desks, chairs, computer equipment being purchased. The refuge staff office was modernised, painted and decorated and has been upgraded.The fire alarm system was upgraded, the CCTV system upgraded to a digital system replacing the analogue system, new flooring, bedroom furniture, headboards, mattresses, televisions, lighting, painting and decoration. Items in refuge flats were replaced as service users moved out for new women being admitted.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities (Incorporating the Income and Expenditure account) shows a surplus on unrestricted funds for the year of £7,349 (2024 - deficit £24,789) and a deficit on restricted funds of £60,807 (2024 - surplus £42,365) giving an overall deficit for the year of £53,458 (2024 - surplus £17,846). The deficit arises as a result of monies paid back to Glasgow City Council/Health and Social Care Partnership after the year end, as well as significant upgrade work in the refuge. Note 14 of the Notes To The Financial Statements gives a breakdown of the restricted funds.

The charity's unrestricted funds at 31 March 2025 are £109,263 (2024 - £101,914) and there is a balance on restricted funds of £122,136 (2024 - £182,943 giving total funds of £231,399 (2024 - £284,857).

Reserves policy

It is the policy of the organisation to maintain unrestricted funds which are the free reserves of the charity at a level which equates to approximately three months running costs. This provides sufficient funds to cover management, administration and support costs. The trustees consider that this has been met.

HEMAT GRYFFE WOMEN'S AID (REGISTERED NUMBER: SC419662) |

REPORT OF THE TRUSTEES

for the year ended 31 MARCH 2025

FINANCIAL REVIEW

Risks and uncertainties, including going concern

Hemat Gryffe Women's Aid Board and staff team recognise the need to acknowledge and plan against all financial and non-financial risks which could jeopardise the organisation such as:

Reputational damage - mitigated by working closely with the Care Inspectorate, SSSC, the Scottish Government, OSCR, including local authorities to ensure that we are striving for the highest possible standards of care and support.

Demand fluctuations for our services - mitigated by protecting our reputation, monitoring our cash flow and carefully managing any operational changes. We employ full-time staff to allow us to respond flexibly to changes in demand and supply.

Staff turnover - mitigated by providing staff training and development opportunities, sharing tasks and knowledge between the teams, transparent reporting and by offering a competitive salary based on the Scottish Joint Council pay scales.

FUTURE PLANS

Plans for future periods include:-

- To relocate the office to new premises.

- To maintain the continued professional development of staff team.

- To continue positive partnership working.

- To recruit new board members.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was founded as an unincorporated association on 5 January 1982 and became a company limited by guarantee on 16 March 2012. The charity is controlled by its governing document. The charity's current constitutional form is as a company limited by guarantee as defined by the Companies Act 2006

Recruitment and appointment of new trustees

Trustees are elected at the Annual General Meeting of the charity. Members wishing to become trustees must be recommended by the board, or proposed by a fellow member of the charity, in advance of the general meeting. The member then stands for election at the general meeting.

Organisational structure

The board of trustees meet periodically and has responsibility for all strategic decisions of the charity. The trustees delegate the day to day management of the charity to the management team.

Induction and training of new trustees

All new board members are inducted by the trustees of the charity. The chairperson of the board of trustees will issue the new trustees with the governing document and relevant paperwork in accordance with charitable duties. As part of this process, external training is provided by a Feminist Governance specialist.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Hemat Gryffe Women's Aid for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with 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".

HEMAT GRYFFE WOMEN'S AID (REGISTERED NUMBER: SC419662) |

REPORT OF THE TRUSTEES

for the year ended 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those 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;

- | 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

In so far as the trustees are aware:

- | there is no relevant audit information of which the charitable company's auditors are unaware; and

- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Thomas Barrie & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 29 October 2025 and signed on its behalf by:

M Blake - Trustee

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

HEMAT GRYFFE WOMEN'S AID

Opinion

We have audited the financial statements of Hemat Gryffe Women's Aid (the 'charitable company') for the year ended 31 March 2025 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 2025 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 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.

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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

HEMAT GRYFFE WOMEN'S AID

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 Report of the Trustees.

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 Report of the Trustees.

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.

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.

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

Based on our understanding of the charitable company, the sector in which it operates, and through discussion with management (as required by auditing standards), we identified that the principal risks are:

- Non-compliance with the provisions of laws and regulations generally recognised (related to health and safety, anti-bribery, money laundering legislation and tax law) to have a direct affect on the determination of material amounts and disclosures in the financial statements;

- The risk of management override of internal controls or bias by the directors that represented a risk of material misstatement due to fraud; and

- The risk of not identified related party transactions.

Audit procedures performed by the engagement team

- enquiring of management as to actual and potential litigation and claims;

- performing low level analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- investigating the rationale behind significant or unusual transactions;

- reviewing minutes of meetings of those charged with governance;

- identifying and assessing the design and effectiveness of controls and management has in place to prevent and detect fraud; and

- agreeing financial statement disclosures to underlying supporting documentation.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

HEMAT GRYFFE WOMEN'S AID

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from the financial statements, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

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.

Martin Greig BA CA (Senior Statutory Auditor)

for and on behalf of Thomas Barrie & Co LLP

Statutory Auditor

Chartered Accountants

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

3 November 2025

| HEMAT GRYFFE WOMEN'S AID |

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 MARCH 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 3 | 3,761 |  | 508,727 |  | 512,488 |  | 515,065 |

Charitable activities | 4

Provision of refuge accommodation | - |  | 156,355 |  | 156,355 |  | 142,347 |

Total | 3,761 |  | 665,082 |  | 668,843 |  | 657,412 |

EXPENDITURE ON

Charitable activities | 5

Provision of refuge accommodation | 2,075 |  | 670,751 |  | 672,826 |  | 583,384 |

Other | - |  | 49,475 |  | 49,475 |  | 56,182 |

Total | 2,075 |  | 720,226 |  | 722,301 |  | 639,566 |

NET INCOME/(EXPENDITURE) | 1,686 |  | (55,144 | ) | (53,458 | ) | 17,846 |

Transfers between funds | 14 | 5,663 |  | (5,663 | ) | - |  | - |

Net movement in funds | 7,349 |  | (60,807 | ) | (53,458 | ) | 17,846 |

RECONCILIATION OF FUNDS

Total funds brought forward | 101,914 |  | 182,943 |  | 284,857 |  | 267,011 |

TOTAL FUNDS CARRIED FORWARD | 109,263 |  | 122,136 |  | 231,399 |  | 284,857 |

HEMAT GRYFFE WOMEN'S AID (REGISTERED NUMBER: SC419662) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 11 | 2,665 |  | 614 |  | 3,279 |  | 5,567 |

CURRENT ASSETS |

Debtors | 12 | - |  | 19,202 |  | 19,202 |  | 9,033 |

Cash at bank and in hand | 106,597 |  | 165,778 |  | 272,375 |  | 288,610 |

106,597 |  | 184,980 |  | 291,577 |  | 297,643 |

CREDITORS |

Amounts falling due within one year | 13 | - |  | (63,457 | ) | (63,457 | ) | (18,353 | )

NET CURRENT ASSETS | 106,597 |  | 121,523 |  | 228,120 |  | 279,290 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 109,262 |  | 122,137 |  | 231,399 |  | 284,857 |

NET ASSETS | 109,262 |  | 122,137 |  | 231,399 |  | 284,857 |

FUNDS | 14

Unrestricted funds | 109,262 |  | 101,914 |

Restricted funds | 122,137 |  | 182,943 |

TOTAL FUNDS | 231,399 |  | 284,857 |

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

The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2025 and were signed on its behalf by:

M Blake - Trustee

B L Gandhi - Trustee

| HEMAT GRYFFE WOMEN'S AID |

CASH FLOW STATEMENT

for the year ended 31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (16,235 | ) | 19,374 |  |

Net cash (used in)/provided by operating activities | (16,235 | ) | 19,374 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | - |  | (2,477 | ) |

Net cash provided by/(used in) investing activities | - |  | (2,477 | ) |

Change in cash and cash equivalents in the reporting period | (16,235 | ) | 16,897 |  |

Cash and cash equivalents at the beginning of the reporting period | 288,610 |  | 271,713 |  |

Cash and cash equivalents at the end of the reporting period | 272,375 |  | 288,610 |  |

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE CASH FLOW STATEMENT

for the year ended 31 MARCH 2025

1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) | (53,458 | ) | 17,846 |  |

| Adjustments for:

| Depreciation charges | 2,288 |  | 1,908 |  |

| (Increase)/decrease in debtors | (10,169 | ) | 437 |  |

| Increase/(decrease) in creditors | 45,104 |  | (817 | ) |

| Net cash (used in)/provided by operations | (16,235 | ) | 19,374 |  |

2. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 288,610 |  | (16,235 | ) | 272,375 |  |

288,610 |  | (16,235 | ) | 272,375 |  |

| Total | 288,610 |  | (16,235 | ) | 272,375 |  |

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 MARCH 2025

1. | GENERAL INFORMATION

| The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland (SC419662) and a registered charity in Scotland (SC012849). The address of the registered office is Flat 0/1, 24 Willowbank Street, Glasgow, G3 6LZ.

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.

| The presentational and functional currency of the financial statements is Pounds Sterling (£).

| Going concern

| After reviewing the charity’s forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| There are no significant judgements or estimates included in these accounts.

| Incoming resources

| All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

| Donations

| Donations are recognised on receipt. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to funds, the income is deferred and not recognised until those conditions are fully met.

| Grants

| Income from government and other grants is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

| Contracts

| Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

| Resources expended

| Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Charitable activities

| Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

| Governance costs

| Governance costs are those functions that assist the work of the charity but do not directly undertake charitable activities.

| Allocation and apportionment of costs

| All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

| Tangible fixed assets

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

| Tenants improvements | - | 5% on cost

| Refuge equipment | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on cost

| Only items which exceed £1,000, and have an expected useful life of more than 1 year, are capitalised and recognised on a historical cost basis.

| The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

| 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.

| Defined benefit plans

| The charity is a participating employer in the Strathclyde Pension Scheme which is a multi-employer defined benefit pension scheme. As there is insufficient information available to use defined benefit accounting the charity has accounted for the contributions as a defined contribution plan under Para 28.11 of FRS 102. Contributions are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

| Short-term employee benefits

| Short term employee benefits, including holiday pay, are recognised as an expense in profit and loss in the period in which they are incurred. A liability is recognised for the amount expected to be paid if the company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.

| Financial instruments

| The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprises cash balances.

| Creditors

| Short term trade creditors are measured at the transaction price.

| Provisions

| Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

3. | DONATIONS AND LEGACIES

| 2025 |  | 2024

£ | £ |

| Donations | 3,761 |  | 3,576 |  |

| Glasgow City Council - Supporting People | 117,073 |  | 108,244 |  |

| Glasgow City Council - Social Work Grant | 122,892 |  | 114,225 |  |

| Cash for Kids | 2,939 |  | 8,175 |  |

| SG Delivering Equally Safe | 217,931 |  | 217,364 |  |

| Glasgow City Council, The Family Support Project - Make a House a Home | - |  | 7,500 |  |

| SG Leaving Fund | - |  | 43,313 |  |

| Trades House Commonweal fund | - |  | 2,217 |  |

| Glasgow City Council Com Fund | 47,892 |  | 10,451 |  |

512,488 |  | 515,065 |  |

4. | INCOME FROM CHARITABLE ACTIVITIES

| 2025 |  | 2024

| Activity | £ | £ |

| Housing benefit | Provision of refuge accommodation | 156,355 |  | 142,347 |  |

5. | CHARITABLE ACTIVITIES COSTS

| Support |

| Direct | costs (see |

| Costs | note 6) | Totals

£ | £ | £ |

| Provision of refuge accommodation | 661,449 |  | 11,377 |  | 672,826 |  |

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

6. | SUPPORT COSTS

| Governance |

| Management |  | costs |  | Totals

£ | £ | £ |

| Other resources expended | 37,881 |  | 11,594 |  | 49,475 |  |

| Provision of refuge accommodation | 10,578 |  | 799 |  | 11,377 |  |

48,459 |  | 12,393 |  | 60,852 |  |

7. | NET INCOME/(EXPENDITURE)

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

| 2025 |  | 2024

£ | £ |

| Auditors remuneration | 7,482 |  | 6,222 |  |

| Depreciation - owned assets | 2,288 |  | 1,908 |  |

| Other operating leases | 71,000 |  | 67,381 |  |

8. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9. | STAFF COSTS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 319,952 |  | 315,751 |  |

| Social security costs | 26,915 |  | 26,753 |  |

| Other pension costs | 15,224 |  | 36,971 |  |

362,091 |  | 379,475 |  |

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

| 2025 |  | 2024

| Direct staff | 9 |  | 9 |  |

| Administrative staff | 1 |  | 1 |  |

10 |  | 10 |  |

| No employee received employee benefits of more than £60,000 during the year (2024: Nil).

| The company considers that its key management personnel comprise of the trustees and management team. The total employment benefits, including employer pension contributions, of the key management personnel were £37,572 (2024 : £45,898).

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| funds |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 3,577 |  | 511,488 |  | 515,065 |

| Charitable activities

| Provision of refuge accommodation | - |  | 142,347 |  | 142,347 |

| Total | 3,577 |  | 653,835 |  | 657,412 |

| EXPENDITURE ON

| Charitable activities

| Provision of refuge accommodation | 28,366 |  | 555,018 |  | 583,384 |

| Other | - |  | 56,182 |  | 56,182 |

| Total | 28,366 |  | 611,200 |  | 639,566 |

| NET INCOME/(EXPENDITURE) | (24,789 | ) | 42,635 |  | 17,846 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 126,703 |  | 140,308 |  | 267,011 |

| TOTAL FUNDS CARRIED FORWARD | 101,914 |  | 182,943 |  | 284,857 |

11. | TANGIBLE FIXED ASSETS

| Fixtures |

| Tenants |  | Refuge |  | and |

| improvements |  | equipment |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 and 31 March 2025 | 78,520 |  | 95,367 |  | 17,577 |  | 191,464 |  |

| DEPRECIATION

| At 1 April 2024 | 78,520 |  | 95,367 |  | 12,010 |  | 185,897 |  |

| Charge for year | - |  | - |  | 2,288 |  | 2,288 |  |

| At 31 March 2025 | 78,520 |  | 95,367 |  | 14,298 |  | 188,185 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | 3,279 |  | 3,279 |  |

| At 31 March 2024 | - |  | - |  | 5,567 |  | 5,567 |  |

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Prepayments and accrued income | 19,202 |  | 9,033 |  |

13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other creditors | 42,756 |  | 6,307 |  |

| Accrued expenses | 20,701 |  | 12,046 |  |

63,457 |  | 18,353 |  |

14. | MOVEMENT IN FUNDS

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.4.24 |  | in funds |  | funds |  | 31.3.25 |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 98,584 |  | 3,353 |  | 5,663 |  | 107,600 |  |

| Fixed assets | 3,330 |  | (1,668 | ) | - |  | 1,662 |  |

101,914 |  | 1,685 |  | 5,663 |  | 109,262 |  |

| Restricted funds

| Housing Benefit | 36,526 |  | (25,043 | ) | - |  | 11,483 |  |

| Supporting People | 47,626 |  | 28,962 |  | - |  | 76,588 |  |

| Social Work Grant | 33,057 |  | (12,031 | ) | - |  | 21,026 |  |

| SG Delivering Equally Safe | 22,481 |  | (10,021 | ) | (5,194 | ) | 7,266 |  |

| GCC, The Family Support Project – Make a House a Home | 32,973 |  | (28,793 | ) | - |  | 4,180 |  |

| Scottish Government Leaving Fund | 8,063 |  | (6,684 | ) | - |  | 1,379 |  |

| Trades House Commonweal Fund | 2,217 |  | (2,002 | ) | - |  | 215 |  |

| Glasgow City Council Community Fund | - |  | 469 |  | (469 | ) | - |  |

182,943 |  | (55,143 | ) | (5,663 | ) | 122,137 |  |

| TOTAL FUNDS | 284,857 |  | (53,458 | ) | - |  | 231,399 |  |

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

14. | MOVEMENT IN FUNDS - continued

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

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 3,761 |  | (408 | ) | 3,353 |  |

| Fixed assets | - |  | (1,668 | ) | (1,668 | ) |

3,761 |  | (2,076 | ) | 1,685 |  |

| Restricted funds

| Housing Benefit | 156,353 |  | (181,396 | ) | (25,043 | ) |

| Supporting People | 117,073 |  | (88,111 | ) | 28,962 |  |

| Social Work Grant | 122,893 |  | (134,924 | ) | (12,031 | ) |

| Cash for Kids | 2,939 |  | (2,939 | ) | - |  |

| SG Delivering Equally Safe | 217,932 |  | (227,953 | ) | (10,021 | ) |

| GCC, The Family Support Project – Make a House a Home | - |  | (28,793 | ) | (28,793 | ) |

| Scottish Government Leaving Fund | - |  | (6,684 | ) | (6,684 | ) |

| Trades House Commonweal Fund | - |  | (2,002 | ) | (2,002 | ) |

| Glasgow City Council Community Fund | 47,892 |  | (47,423 | ) | 469 |  |

665,082 |  | (720,225 | ) | (55,143 | ) |

| TOTAL FUNDS | 668,843 |  | (722,301 | ) | (53,458 | ) |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.4.23 |  | in funds |  | 31.3.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 121,705 |  | (23,121 | ) | 98,584 |  |

| Fixed assets | 4,998 |  | (1,668 | ) | 3,330 |  |

126,703 |  | (24,789 | ) | 101,914 |  |

| Restricted funds

| Housing Benefit | 16,307 |  | 20,219 |  | 36,526 |  |

| Supporting People | 30,960 |  | 16,666 |  | 47,626 |  |

| Social Work Grant | 46,124 |  | (13,067 | ) | 33,057 |  |

| Children In Need | 2,644 |  | (2,644 | ) | - |  |

| SG Delivering Equally Safe | 9,234 |  | 13,247 |  | 22,481 |  |

| GCC, The Family Support Project – Make a House a Home | 35,039 |  | (2,066 | ) | 32,973 |  |

| Scottish Government Leaving Fund | - |  | 8,063 |  | 8,063 |  |

| Trades House Commonweal Fund | - |  | 2,217 |  | 2,217 |  |

140,308 |  | 42,635 |  | 182,943 |  |

| TOTAL FUNDS | 267,011 |  | 17,846 |  | 284,857 |  |

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

14. | 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 | 3,577 |  | (26,698 | ) | (23,121 | ) |

| Fixed assets | - |  | (1,668 | ) | (1,668 | ) |

3,577 |  | (28,366 | ) | (24,789 | ) |

| Restricted funds

| Housing Benefit | 142,349 |  | (122,130 | ) | 20,219 |  |

| Supporting People | 108,240 |  | (91,574 | ) | 16,666 |  |

| Social Work Grant | 114,223 |  | (127,290 | ) | (13,067 | ) |

| Children In Need | - |  | (2,644 | ) | (2,644 | ) |

| Cash for Kids | 8,175 |  | (8,175 | ) | - |  |

| SG Delivering Equally Safe | 217,366 |  | (204,119 | ) | 13,247 |  |

| GCC, The Family Support Project – Make a House a Home | 7,500 |  | (9,566 | ) | (2,066 | ) |

| Scottish Government Leaving Fund | 43,313 |  | (35,250 | ) | 8,063 |  |

| Trades House Commonweal Fund | 2,217 |  | - |  | 2,217 |  |

| Glasgow City Council Community Fund | 10,452 |  | (10,452 | ) | - |  |

653,835 |  | (611,200 | ) | 42,635 |  |

| TOTAL FUNDS | 657,412 |  | (639,566 | ) | 17,846 |  |

| Purposes of funds

| Restricted Funds

| Housing benefit - support for accommodation costs to families staying in temporary refuge accommodation.

| Glasgow City Council Supported People - funding to cover salary/staff costs to support vulnerable women in temporary refuge accommodation.

| Glasgow City Council Social Work - support for the costs incurred in running the drop-in centre and salary/staff costs.

| Cash for Kids - individual grant awards to children and young people accessing the refuge, follow on outreach/crisis services.Support for families in poverty affected by the cost-of-living crisis and at Christmas 2024.

| SG Delivering Equally Safe - funding for staff salary costs and a contribution to overheads. To allow direct support to women, children and young people living in the refuge, when leaving the refuge via the follow-on service and those living in the wider community in crisis and requiring outreach support. To allow workers to provide school-based support to children and young people. To support digital media and communications by promoting service provision using social media channels. To provide admin support to senior staff members. To allow vulnerable women primarily from Asian, Black and Minority ethnic communities to access English language classes. To provide crisis payments to women and children who are destitute to maximise income.

| GCC The Family Support Project - Make a House a Home - funding to provide support to furnish accommodation.

| SG Fund to Leave - The Scottish Government established a pilot project for a four month period commencing December 2023 to enable financial support to women to enable them to leave an abusive relationship.

| HEMAT GRYFFE WOMEN'S AID |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 MARCH 2025

14. | MOVEMENT IN FUNDS - continued

| The Trades House of Glasgow - The Trades House of Glasgow ,Commonweal Fund made a donation towards the cost of supporting children & young people living in crisis situations with their mothers and when having to flee as a consequence of domestic abuse.

| Glasgow City Council Community Fund provided funding between 2024/2025 to develop community-based support for women, children and young people experiencing domestic abuse across Glasgow.

| Transfers between funds

| The assets purchased through SG Delivering Equally Safe fund have been transferred to a designated fixed assets fund, the balance represents the NBV and having a separate fund makes clear the funds are non distributable.

15. | EMPLOYEE BENEFIT OBLIGATIONS

| The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £18,971 (2024: £36,971).

| The charity is a participating employer in the Strathclyde Pension Fund (SPF) which is a multi-employer defined benefit pension scheme. The assets of the scheme are held in separate trustee administered funds.

| The scheme is accounted for as a defined contribution plan in terms of Para 28.11 of FRS 102 as there is insufficient information available on an annual basis to identify and separate the scheme's share of the assets and liabilities

| A triennial valuation of this scheme is carried out by Hymans Robertson LLP, who are qualified actuaries.

| Valuations are made using the projected unit method and are used to determine the individual company contributions.

| The most recent valuation was carried out as at 31 March 2023 and showed a net surplus of £521,000 (31 March 2020 £219,000) on an ongoing funding basis.

| The next triennial valuation will be as at 31 March 2026.

| The SPF scheme is closed to new members, who are now offered the opportunity to join the charity's auto enrolment pension scheme, which is a defined contribution scheme with Royal London.

16. | RELATED PARTY DISCLOSURES

| The trustees give freely of their time and expertise without any form of remuneration or other benefits in cash or kind (2024 - £Nil).

| Expenses paid to the trustees in the year were as per note 8.

| During the year no trustee had any personal interest in any contract or transaction entered into by the charity (2024 - None).

| There are no related party transactions which require to be disclosed in these financial statements (2024 - None).