REGISTERED COMPANY NUMBER: SC412325 (Scotland)

REGISTERED CHARITY NUMBER: SC030019

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

The Good Shepherd Centre Bishopton

Page

Report of the Trustees

1

to

7

Report of the Independent Auditors

8

to

11

Statement of Financial Activities

12

Balance Sheet

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

to

25

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 advance the education of young people who are emotionally and behaviourally challenging through the operation and maintenance of The Good Shepherd Centre, Bishopton as a residential establishment providing secure accommodation and ancillary services for the purposes of the relevant legislation.

Significant activities

The charity meets its objectives by:

- the operation of a secure unit for young people with a view to affecting their mental, physical and moral welfare and, as far as possible, to encourage them to take their place as responsible citizens of the community;

- promoting the provision of additional childcare and educational facilities to disseminate experiences, information and treatments.

STRATEGIC REPORT

Achievements and performance

Charitable activities

Reflections on the year

This was a year of significant change in Scotland for children and young people in and on the edges of secure care. The GSC contributed evidence and experience as Scottish Parliamentary Committees for Education and Justice scrutinised draft legislation in relation to Children's Care and Justice. This legislation had been years in the making and proposed significant changes to the way in which Scotland responds to children in conflict with the law, with detailed focus on secure care. It gained Royal Assent as The Children (Care and Justice) (Scotland) Act 2024 in June 2024, and there was immediate impact for GSC. Child Imprisonment ended in August because of the new law, and GSC, alongside the other secure care centres in Scotland, welcomed children from prison custody into our secure care services that month.

Between that point and the end of the business year in March 2025, the profile of the population of children resident in secure care shifted exponentially. Whereas historically, around 90% of the children GSC cared for in secure care were placed by the Children's Hearings System (CHS) and usually less than 10% were placed by the Courts on Remand or Sentence, that balance has moved to 50: 50 under the new law. This has long term implications for the way in which we develop, plan, and organise our offer to children and placing local authorities. For example, a higher proportion of children who are remanded or sentenced for very serious offences are children who do not have a previous history of care experience. We are now caring for children who may be in our secured care for years, before transitioning to prison settings at age 18, and this has implications for how we run our care houses and school/Education Department.

Coupled with the new asks and complexities brought in by the Act, we also experienced an increase in levels of extreme trauma driven needs and behaviours among children in our care via the CHS. This exacerbated the impact of the continuing sector-wide staffing pressures in relation to recruitment and retention. Early into the business year, we experienced a complete change of HR Team - with our previous HR Manager and HR Officer moving on and a new Team coming into role and settling quickly. We invested considerable energy in finding new ways to reach out and attract the right people to join GSC, and we completed several pay scale and progression reviews in readiness for 2025-2026. We also undertook work to enhance our practice leadership and created and recruited to new Assistant House Manager Traineeships.

So, the year was a busy and active one, with our secure care houses and our Education Department having to adapt to variations in gender balance, age range and developmental and neurodiverse needs, and risks and vulnerabilities associated with this changing context.

Significant work was completed at practice level to respond to children's needs and support the workforce. This included among other developments, the Introduction of Speech and language therapy via a Service Level agreement, new partnerships with Commercial and not-for-profit organisations delivering employability and vocational opportunities, and the engagement of an independent consultant to assist us in Policy Review work. We also completed and launched our Supporting Young People Policy and Resource Bank.

Secure care places were in demand and this, coupled with some financial support from Scottish Government to protect vacancies in secure care for the placement of children from Scotland via the Courts, meant that the financial situation for the charity was stabilised. Surplus income was re-invested in the physical environment, including new Living Room suites for all the secure care houses. GSC appreciated very positive Feedback from children, their families and Regulators during the Annual Inspection of Secure Care. We celebrated children's achievements and progress at end of school and calendar year events, sustaining and broadening young people's accredited attainment, despite the increase in asks and challenges for the Centre as outlined.

The GSC commissioned a Future Planning Project from specialist architects and designers to assist with our significant 'three strands' development Project. These are:

- exploring the potential for 'greening' and modernising the living and learning areas of the centre within our current footprint

- strengthening security and modernising technology and secure Doors and communications

- future planning, in light of The Promise and the report of the Scottish Government commissioned 'Reimagining Secure Care' project, which was published in September 2024.

We engaged our whole Centre in developing future goals at our annual Looking Ahead event in November 2024.

In recognition of the need to succession plan and build for the future, we enhanced the Senior Management Team in Quarter 4, with the new role of Head of Operations, Resources and Business Development, January 2025.

Financial review

Financial position

The main source of income is by way of service income received from the Local Authorities. Incoming resources for the year to 31 March 2025 were £7.69 million (2024: £6.68 million).

Resources expended were £7.28 million (2024: £6.15 million). Net incoming resources before actuarial gains in 2025 were £412,620 compared with net incoming resources of £535,693 in 2024.

Reserves policy

The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. They have established a policy in line with charity regulation guidelines whereby the unrestricted revenue funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the current annual expenditure, a target of £3.6 million.

The reserves are needed to meet the working capital requirements of the charity, and to meet its legal obligations in the event of a significant drop in funding. The present level of unrestricted revenue funds available to the charity which are not invested in fixed assets is £4.3 million.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee. The company was formed under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

In accordance with the Articles of Association the first Trustees of the company shall be those persons appointed as the first directors on incorporation of the company. Subsequent appointments shall be made as follows:

(a) There must be at least three Trustees at all times. The Board of Trustees shall comprise the Officers and not more than ten other Trustees.

(b) No person may be appointed as a Trustee unless he has been approved in advance by the Ecclesiastical Superior for the time being of the Roman Catholic Diocese of Paisley (The Superior).

(c) The Chairperson shall be directly appointed by decision of the Superior for a term of three years.

(d) The other Trustees shall be appointed by decision of the Trustees for a term of three years.

At the end of a term of office a willing Trustee who remains eligible under the law to act as a charity trustee and company director may be re-appointed to another term.

Organisational structure

The trustees meet regularly throughout the year to administer the charity. A Director of Service is appointed by the trustees to manage the day to day operations of the Secure Unit. The director has delegated authority, as approved by the trustees, for all operational matters and project related activity within the unit.

Induction and training of new trustees

New trustees attend a short induction and training session where they are briefed on the content of the Constitution, the decision making process, the business plan and recent financial performance of the charity.

Key management personnel

Alison Gough - Director of Services

Louise Morrison - Head of Secure Care

Christie Ford - Head of Education

Moiz Nurbhai - Head of Operations, Resources and Business Development (joined January 2025)

Robert Clark - Head of Intensive Support and Throughcare (Close Support)

Related parties

The Good Shepherd Centre Bishopton is one of four specialist charities affiliated with Cora Foundation. The others are St. Mary's Kenmure Secure Unit, St. Philip's School Plains and The Good Shepherd Close Support Bishopton. Cora Foundation was established by the Bishops' Conference of the Roman Catholic Hierarchy in Scotland as the organisation within which a number of social care and specialist educational projects could operate and develop strategically. Cora Foundation promotes the operation of the residential units, secure units and special needs units, administering funds on their behalf.

Risk management

The Trustees have a risk management strategy which comprises:

- an annual review of the risks the charity may face;

- the establishment of systems and procedures to mitigate those risks identified; and

- the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions. The finance sub-committee discuss any external risks to funding, decide on appropriate action to minimise risks, and develop a strategic plan.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC412325 (Scotland)

Registered Charity number

SC030019

Registered office

Waterloo Chambers

19 Waterloo Street

Glasgow

G2 6AH

Principal address

Greenock Road

Bishopton

PA7 5PW

Trustees

G Johnstone

Ms R M McGoldrick

S Parsons

J Thomson (resigned 3.9.24)

P J Kelly (appointed 7.5.25)

Company Secretary

McSparran McCormick

Auditors

Accountants Plus (Hamilton) Ltd

T/A Accountants Plus

Statutory Auditor

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

Solicitors

McSparran McCormick

Waterloo Chambers

19 Waterloo Street

Glasgow

G2 6AH

Principal bankers

Virgin Money

Business Banking Centre

Suite 2 Ochil House

Springkerse Business Park

Stirling FK7 7XE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Good Shepherd Centre Bishopton 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).

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.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 15 December 2025 and signed on the board's behalf by:

Ms R M McGoldrick - Trustee

Opinion

We have audited the financial statements of The Good Shepherd Centre Bishopton (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).

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; 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.

Emphasis of matter

We draw attention to note 11 of the financial statements, which describes the Trustees' treatment of refurbishment costs. Our opinion is not modified in respect of this matter.

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.

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.

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.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these among our audit team members. We then designed and performed audit procedures to respond to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risks or material misstatements in respect of irregularities, including fraud and non-compliance with laws and regulations we considered the following;

- The nature of the charity, the environment in which it operates and the control procedures implemented by management and the directors; and

- Our enquiries of management and directors about their identification and assessment of the risks of irregularities.

Based on our understanding of the charity and the sector as a whole we identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to;

- Regulations and legislation pertinent to the charity's operations; and

- UK tax and employment legislation.

We considered the extent to which non-compliance might have a material impact on the financial statements. We also considered those laws and regulations which have a direct impact on the preparation of the financial statements, such as the Charities and Trustee Investment (Scotland) Regulations 2006. We evaluated management and director's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of management override of controls), and determined that the principal risks of the charity were related to;

- Inappropriate journal entries; and

- Management bias in accounting estimates.

Our procedures to respond to the risks identified included the following:

- Gaining an understanding of the legal and regulatory framework applicable to the charity and the sector in which it operates;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- Enquiring of management, directors and legal advisors concerning actual or potential litigation and claims;

- Reading minutes of meetings of those charged with governance;

- In addressing the risk of fraud as a result of management override of controls, testing the appropriateness of year-end journal entries and other adjustments and evaluating rationale of any significant transactions that are unusual or outside the normal course of business; and

- Communicating relevant identified laws and regulations and potential fraud risks to all audit team members, and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. The further removed any non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through 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.

Fiona Struthers (Senior Statutory Auditor)

for and on behalf of Accountants Plus (Hamilton) Ltd

T/A Accountants Plus

Statutory Auditor

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

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

15 December 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

-

185,708

185,708

114,017

Charitable activities

4

Charitable activities

7,029,867

-

7,029,867

6,148,536

Investment income

3

473,459

-

473,459

418,588

Total

7,503,326

185,708

7,689,034

6,681,141

EXPENDITURE ON

Charitable activities

5

Charitable activities

7,219,058

57,356

7,276,414

6,145,448

Net gains/(losses) on investments

(2,977,000

)

-

(2,977,000

)

(2,963,000

)

NET INCOME/(EXPENDITURE)

(2,692,732

)

128,352

(2,564,380

)

(2,427,307

)

Transfers between funds

17

(330

)

330

-

-

Other recognised gains/(losses)

Actuarial gains on defined benefit schemes

2,998,000

-

2,998,000

1,073,000

Net movement in funds

304,938

128,682

433,620

(1,354,307

)

RECONCILIATION OF FUNDS

Total funds brought forward

8,278,955

93,672

8,372,627

9,726,934

TOTAL FUNDS CARRIED FORWARD

8,583,893

222,354

8,806,247

8,372,627

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

13

4,260,312

-

4,260,312

4,754,318

CURRENT ASSETS

Debtors

14

4,073,910

-

4,073,910

2,592,480

Cash at bank and in hand

917,039

222,354

1,139,393

1,788,832

4,990,949

222,354

5,213,303

4,381,312

CREDITORS

Amounts falling due within one year

15

(667,368

)

-

(667,368

)

(763,003

)

NET CURRENT ASSETS

4,323,581

222,354

4,545,935

3,618,309

TOTAL ASSETS LESS CURRENT LIABILITIES

8,583,893

222,354

8,806,247

8,372,627

NET ASSETS

8,583,893

222,354

8,806,247

8,372,627

FUNDS

17

Unrestricted funds

8,583,893

8,278,955

Restricted funds

222,354

93,672

TOTAL FUNDS

8,806,247

8,372,627

The financial statements were approved by the Board of Trustees and authorised for issue on 15 December 2025 and were signed on its behalf by:

R M McGoldrick - Trustee

Cash flows from operating activities

Cash generated from operations

1

(1,102,895

)

2,551

Net cash (used in)/provided by operating activities

(1,102,895

)

2,551

Cash flows from investing activities

Purchase of tangible fixed assets

(17,645

)

-

Interest received

473,459

418,588

Net cash provided by investing activities

455,814

418,588

Change in cash and cash equivalents in the reporting period

(647,081

)

421,139

Cash and cash equivalents at the beginning of the reporting period

2

1,786,474

1,365,335

Cash and cash equivalents at the end of the reporting period

2

1,139,393

1,786,474

1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.3.25

31.3.24

£

£

Net expenditure for the reporting period (as per the Statement of Financial Activities)

(2,564,380

)

(2,427,307

)

Adjustments for:

Depreciation charges

511,651

510,996

Losses on investments

-

2,963,000

Interest received

(473,459

)

(418,588

)

Decrease in participating interest loans

285,877

(687,942

)

Actuarial gain

2,998,000

1,073,000

Freehold property charge

-

(200,600

)

Pension asset decrease

-

1,454,000

(Increase)/decrease in debtors

(1,767,307

)

679,138

(Decrease)/increase in creditors

(93,277

)

19,854

Difference between pension charge and cash contributions

-

(2,963,000

)

Net cash (used in)/provided by operations

(1,102,895

)

2,551

2.	ANALYSIS OF CASH AND CASH EQUIVALENTS

31.3.25

31.3.24

£

£

Cash in hand

5,025

6,995

Notice deposits (less than 3 months)

1,134,368

1,781,837

Overdrafts included in bank loans and overdrafts falling due within one year

-

(2,358

)

Total cash and cash equivalents

1,139,393

1,786,474

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

1,788,832

(649,439

)

1,139,393

Bank overdraft

(2,358

)

2,358

-

1,786,474

(647,081

)

1,139,393

Total

1,786,474

(647,081

)

1,139,393

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 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.

Freehold property

-

4% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

33% on cost

Residential properties have an estimated residual value equal to cost and as a result no depreciation is charged

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.

2.	DONATIONS AND LEGACIES

31.3.25

31.3.24

£

£

Grants received

185,708

114,017

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Deposit account interest

72,459

83,588

Interest receivable - pension

401,000

335,000

473,459

418,588

4.	INCOME FROM CHARITABLE ACTIVITIES

31.3.25

31.3.24

Activity

£

£

Service income

Charitable activities

6,994,859

6,039,852

Other income

Charitable activities

35,008

108,684

7,029,867

6,148,536

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Charitable activities

6,943,474

332,940

7,276,414

6.	SUPPORT COSTS

Governance

Management

costs

Totals

£

£

£

Charitable activities

291,386

41,554

332,940

7.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Auditors' remuneration

13,525

12,200

Official correspondent fee

28,029

27,978

Depreciation - owned assets

511,651

510,996

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

31.3.25

31.3.24

£

£

Wages and salaries

3,838,160

3,363,906

Social security costs

358,919

326,913

Other pension costs

721,194

512,841

4,918,273

4,203,660

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

31.3.25

31.3.24

Staff

111

98

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

31.3.25

31.3.24

£60,001 - £70,000

1

2

£70,001 - £80,000

3

5

£80,001 - £90,000

1

-

£90,001 - £100,000

1

-

6

7

Key management's remuneration totalled £253,343

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

114,017

114,017

Charitable activities

Charitable activities

6,148,536

-

6,148,536

Investment income

418,588

-

418,588

Total

6,567,124

114,017

6,681,141

EXPENDITURE ON

Charitable activities

Charitable activities

6,100,527

44,921

6,145,448

Net gains/(losses) on investments

(2,963,000

)

-

(2,963,000

)

NET INCOME/(EXPENDITURE)

(2,496,403

)

69,096

(2,427,307

)

Other recognised gains/(losses)

Actuarial gains on defined benefit schemes

1,073,000

-

1,073,000

Net movement in funds

(1,423,403

)

69,096

(1,354,307

)

RECONCILIATION OF FUNDS

Total funds brought forward

9,702,358

24,576

9,726,934

TOTAL FUNDS CARRIED FORWARD

8,278,955

93,672

8,372,627