REGISTERED COMPANY NUMBER: SC375613 (Scotland)

REGISTERED CHARITY NUMBER: SC041778

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Blue Sky Autism Project

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 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

Blue Sky Project is a small innovative charity providing specialist therapeutic input to preschool children with autism and other developmental disabilities. The charity works using the most up to date researched approaches and employs full time therapists at its premises situated in London.

Organisation

The day to day operations of the company are managed by R Glynne-Owen who is also a director of the company. A board of directors, of which there are four members, meet as required to oversea the company.

Principal activity

The principal activity of the company in the year under review was that of autism and developmental delay early intervention service.

FINANCIAL REVIEW

Financial review

The movement in financial activity is disclosed in the SOFA at page 4 of the accounts. As disclosed in that statement the balance of unrestricted funds was £14,825 as at the balance sheet date. There were no restricted funds held as at that date. The balance of cash and cash equivalents at the balance sheet date was in the amount of £30,164

Principal funding sources

The charity's principal funding source comes from the provision of therapy sessions and also nursery provisions together with unrestricted fund donations.

Investment policy and objectives

The directors have the power to deposit or invest sums in any manner providing the powers are exercised only in promoting the charitable objectives of the company.

Reserves policy

The charities reserves are limited and have been retained within the charity in an unrestricted reserve fund.to meet unexpected items of expenditure. It is not anticipated that there will be any major item of expenditure within the next twelve months.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Structure of the charity

The charity operates both unrestricted and restricted funds. Unrestricted funds are funds received from unspecified donations and are utilized to meet revenue costs of operation the company.

Restricted funds received by the company are funds received for a specific purpose of defraying expenditure incurred in the furtherance of the charitable objectives.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC375613 (Scotland)

Registered Charity number

SC041778

Registered office

4-5 Mitchell Street

Summit Huse

Edinburgh

EH6 7BD

Trustees

DR R E Glynne-Owen

G M Thomson

R Stiglingh

Mrs J H King

Independent Examiner

Rennie Smith & Co

Chartered Accountants

64 Murray Place

Stirling

FK8 2BX

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

DR R E Glynne-Owen - Trustee

I report on the accounts for the year ended 31 March 2025 set out on pages four to twelve.

Respective responsibilities of trustees and examiner

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

Basis of the independent examiner's report

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

Independent examiner's statement

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

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

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

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

have not been met; or

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

June A Smith

The Institute of Chartered Accountants of Scotland

Rennie Smith & Co

Chartered Accountants

64 Murray Place

Stirling

FK8 2BX

19 December 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

46,323

-

46,323

27,624

Charitable activities

3

Therapy sessions

239,443

-

239,443

192,550

Government grants

27,985

-

27,985

12,500

Total

313,751

-

313,751

232,674

EXPENDITURE ON

Charitable activities

4

Charitable activities

173,647

-

173,647

204,600

Management and administration

128,091

-

128,091

24,588

Depreciation

2,144

-

2,144

2,150

Total

303,882

-

303,882

231,338

NET INCOME

9,869

-

9,869

1,336

RECONCILIATION OF FUNDS

Total funds brought forward

4,956

-

4,956

3,620

TOTAL FUNDS CARRIED FORWARD

14,825

-

14,825

4,956

2025

2024

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

9,592

-

9,592

10,426

CURRENT ASSETS

Debtors

11

7,383

-

7,383

11,728

Cash at bank

30,164

-

30,164

21,571

37,547

-

37,547

33,299

CREDITORS

Amounts falling due within one year

12

(32,314

)

-

(32,314

)

(38,769

)

NET CURRENT ASSETS

5,233

-

5,233

(5,470

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,825

-

14,825

4,956

NET ASSETS/(LIABILITIES)

14,825

-

14,825

4,956

FUNDS

13

Unrestricted funds

14,825

4,956

TOTAL FUNDS

14,825

4,956

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.

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

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

R E Glynne-Owen - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

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

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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

2025

2024

£

£

Donations

46,323

27,624

3.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Nursery and therapy sessions

Therapy sessions

239,443

192,550

Government grants

Government grants

27,985

12,500

267,428

205,050

4.	CHARITABLE ACTIVITIES COSTS

Direct

Costs (see

note 5)

£

Charitable activities

173,647

Management and administration

128,091

Depreciation

2,144

303,882

5.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

137,859

117,711

Other operating leases

82,500

47,013

Insurance

5,453

3,148

Light and heat

1,769

2,222

Telephone

2,824

2,579

Advertising

1,627

829

Toys and equipment

6,382

8,390

Water and rates

2,735

2,807

Postage and stationery

754

889

Travelling

1,487

3,585

Motor expenses

3,260

3,326

Subsistence

3,748

2,240

Sundry expenses

2,311

954

Accountancy

1,728

1,836

Professional fees

-

639

Bank charges

239

-

Repairs and renewals

1,139

1,678

Consultancy fees

35,914

24,820

Subscriptions

3,145

4,522

Staff Training

2,313

-

Depreciation

2,350

2,150

Bad debts

4,345

-

303,882

231,338

6.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

2,350

2,150

Other operating leases

82,500

47,013

7.	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

Dr RE Glynne-Owen received £35,800 of consultancy fees during the year concerned.

8.	STAFF COSTS

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

2025

2024

Employees

10

6

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

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

27,624

-

27,624

Charitable activities

Therapy sessions

192,550

-

192,550

Government grants

2,500

10,000

12,500

Total

222,674

10,000

232,674

EXPENDITURE ON

Charitable activities

Charitable activities

194,600

10,000

204,600

Management and administration

24,588

-

24,588

Depreciation

2,150

-

2,150

Total

221,338

10,000

231,338

NET INCOME

1,336

-

1,336

RECONCILIATION OF FUNDS

Total funds brought forward

3,620

-

3,620

TOTAL FUNDS CARRIED FORWARD

4,956

-

4,956

10.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

14,353

4,418

18,771

Additions

1,516

-

1,516

At 31 March 2025

15,869

4,418

20,287

DEPRECIATION

At 1 April 2024

5,103

3,242

8,345

Charge for year

2,056

294

2,350

At 31 March 2025

7,159

3,536

10,695

NET BOOK VALUE

At 31 March 2025

8,710

882

9,592

At 31 March 2024

9,250

1,176

10,426

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

4,345

Other debtors

7,383

7,383

7,383

11,728

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

(1

)

Social security and other taxes

13,174

20,544

Accruals and deferred income

15,900

9,120

Accrued expenses

3,240

9,106

32,314

38,769

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

4,956

14,214

19,170

Management and administraion

-

(4,345

)

(4,345

)

4,956

9,869

14,825

TOTAL FUNDS

4,956

9,869

14,825

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

313,751

(299,537

)

14,214

Management and administraion

-

(4,345

)

(4,345

)

313,751

(303,882

)

9,869

TOTAL FUNDS

313,751

(303,882

)

9,869

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

3,620

1,336

4,956

TOTAL FUNDS

3,620

1,336

4,956

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

222,674

(221,338

)

1,336

Restricted funds

Government grants

10,000

(10,000

)

-

TOTAL FUNDS

232,674

(231,338

)

1,336

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

3,620

15,550

19,170

Management and administraion

-

(4,345

)

(4,345

)

3,620

11,205

14,825

TOTAL FUNDS

3,620

11,205

14,825

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

536,425

(520,875

)

15,550

Management and administraion

-

(4,345

)

(4,345

)

536,425

(525,220

)

11,205

Restricted funds

Government grants

10,000

(10,000

)

-

TOTAL FUNDS

546,425

(535,220

)

11,205

14.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

15.	ULTIMATE CONTROLLING PARTY

The company is under the control of the trustees who are also directors.

16.	COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. In accordance with the memorandum and articles of association, every member of the company undertakes to contribute such sums as may be required, not exceeding £1, to the assets of the company in the event of the company being wound up while being a member, or within one year after ceasing to be a member. Such contributions would be towards the costs, charges and expenses of winding up the company and for adjustment of the right of the contributors among themselves.

The company had 4 member at 31 March 2025.