REGISTERED NUMBER: SC382629 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2024 TO 31 DECEMBER 2025

FOR

PSYCHOLOGISTS' PROTECTION SOCIETY TRUST

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T W Cromey

Ms P S Custers

Mr E C Davidson

Mr A Boyd

Mrs N Currie

Mrs M Egan

Mrs T Hudson

Ms S Williams

SECRETARY:

Mr E M Murray

REGISTERED OFFICE:

Lime Tree House

North Castle Street

Alloa

Clackmannanshire

FK10 1EX

REGISTERED NUMBER:

SC382629 (Scotland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Wallace House

Maxwell Place

Stirling

FK8 1JU

FIXED ASSETS

Investments

4

160,000

160,000

CURRENT ASSETS

Debtors

5

44,705

101,911

Cash at bank

335,356

287,138

380,061

389,049

CREDITORS

Amounts falling due within one year

6

(4,993

)

(4,163

)

NET CURRENT ASSETS

375,068

384,886

TOTAL ASSETS LESS CURRENT LIABILITIES

535,068

544,886

RESERVES

Income and expenditure account

535,068

544,886

535,068

544,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which 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 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 company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

Mr T W Cromey - Director

1.	STATUTORY INFORMATION

Psychologists' Protection Society Trust is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The year end has been extended from 31 October 2025 to 31 December 2025 to accommodate the yearly annual general meeting date.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received in relation to membership fees excluding discounts where applicable. Annual membership fees are non refundable and are recognised in the month in which they are received. The period of cover varies for each individual member, determined by their initial joining date.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

The society is a not for profit organisation run for the benefit of its members. The society is only subject to corporation tax on non-member income.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

INVESTMENTS

Investments are initially recorded at cost.

At each reporting date investments are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 November 2024

and 31 December 2025

160,000

NET BOOK VALUE

At 31 December 2025

160,000

At 31 October 2024

160,000

Fixed asset investments comprise the share capital held in a protected cell company which has been setup to provide insurance cover to the Trust. Annual insurance premiums are paid by the Trust to the cell company in connection with professional indemnity and public liability cover.

The shareholding does not confer control and as a result the results of the protected cell company have not been incorporated into the accounts of the Trust.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

44,705

101,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

4,993

4,163

7.	LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital.

In the event of winding up every member undertakes to contribute an amount not exceeding £1.