| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| SMK Care Services |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| SMK Care Services |
| SMK Care Services |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 11 |
| SMK Care Services (Registered number: SC631376) |
| 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 charitable purposes of the Company are the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage (including relief given by the provision of accommodation or care). |
| Significant activities |
| It achieves these objectives through the operation of a specialist unit providing accommodation for young people aged between 12 to 18 years of age who are on the edge of secure care. |
| FINANCIAL REVIEW |
| Financial position |
| Total incoming resources were £450,803 (2024: £30,000). Resources expended during the period were £50,964 (2024: £70,830). The net income for the year was £399,839 (2024: Net expenditure £40,830). |
| Reserves policy |
| Accumulated reserves are currently in deficit. The trustees consider that the ideal level of reserves would be the equivalent of three months of anticipated annual expenditure. |
| Going concern |
| Despite reserves currently being in deficit the trustees believe the charity to be a going concern. SMK Care Services work very closely with St Mary's Kenmure Secure Unit who have been our main funders to date. They are not seeking repayment of this funding in the short term and view it as part of a longer term investment. St Mary's Kenmure intend to continue financial support as SMK Care Services move towards its next stage of development for providing specialist care. For these reasons the accounts have been prepared on a going concern basis. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The organisation is a charitable company limited by guarantee, incorporated on 23 May 2019. The company was established 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 |
| The first Trustees shall be those persons appointed as the first directors of the Company on incorporation. Subsequent Trustees shall be appointed by ordinary resolution of the members or by resolution of the Trustees. They shall not be required to serve fixed terms or to retire by rotation. |
| SMK Care Services (Registered number: SC631376) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Organisational structure |
| The Trustees have control over the Company and its funds and assets and are responsible for the management of the Company's activities. The Trustees may delegate any functions and any of the powers which are conferred on them under the articles of association or otherwise (but not the office of Trustee) to committees. |
| Induction and training of new trustees |
| New trustees attend a short induction and training session where they are briefed on the content of the Memorandum and Articles of Association, the decision making process, the business plan and recent financial performance of the charity. |
| Risk management |
| The directors 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. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| SMK Care Services (Registered number: SC631376) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Independent Examiner |
| Accountants Plus |
| Chartered Certified Accountants |
| 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 |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| SMK Care Services |
| I report on the accounts for the year ended 31 March 2025 set out on pages five to eleven. |
| 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. |
| Fiona Struthers |
| The Institute of Chartered Accountants of Scotland |
| Accountants Plus |
| Chartered Certified Accountants |
| Second Floor |
| Airbles House |
| 270 Airbles Road |
| Motherwell |
| ML1 3AT |
| 17 December 2025 |
| SMK Care Services |
| Statement of Financial Activities |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Charitable activites |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Charitable activites |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) | ( |
) | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | ( |
) | ( |
) | (637,958 | ) |
| SMK Care Services (Registered number: SC631376) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) | ( |
) | ( |
) |
| FUNDS | 6 |
| Unrestricted funds | ( |
) | (637,958 | ) |
| TOTAL FUNDS | ( |
) | (637,958 | ) |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| SMK Care Services (Registered number: SC631376) |
| Balance Sheet - continued |
| 31 March 2025 |
| 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 |
| SMK Care Services |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 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. |
| 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. |
| SMK Care Services |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | 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. |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities |
| Charitable activites |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | (627,128 | ) | 30,000 | ( |
) |
| TOTAL FUNDS CARRIED FORWARD |
(637,958 |
) |
- |
(637,958 |
) |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| SMK Care Services |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Other creditors |
| Accrued expenses |
| 6. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (637,958 | ) | 399,839 | (238,119 | ) |
| TOTAL FUNDS | ( |
) | 399,839 | (238,119 | ) |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 450,803 | (50,964 | ) | 399,839 |
| TOTAL FUNDS | ( |
) | 399,839 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (627,128 | ) | (10,830 | ) | (637,958 | ) |
| Restricted funds |
| Grants | 30,000 | (30,000 | ) | - |
| TOTAL FUNDS | (597,128 | ) | (40,830 | ) | (637,958 | ) |
| SMK Care Services |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | 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 | - | (10,830 | ) | (10,830 | ) |
| Restricted funds |
| Grants | 30,000 | (60,000 | ) | (30,000 | ) |
| TOTAL FUNDS | 30,000 | (70,830 | ) | (40,830 | ) |
| 7. | RELATED PARTY DISCLOSURES |
| St Mary's Kenmure who had provided a loan of £700,000 to SMK Care Services have agreed to write off £350,0000 of this loan leaving balance payable of £350,000. |
| St Mary's Kenmure also paid certain expenditures on behalf of SMK Care Services. At 31 March 2025 SMK Care Services owed St Mary's Kenmure £59,711(2024: £393,744). |