ABERDEEN ASSOCIATION OF SOCIAL SERVICE

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hall Morrice LLP

Audit opinion

Qualified

Going concern

Affirmed

“The Trustees believe, after careful consideration of (1) the level of investments (2) review of future funding requirements and (3) cashflow projections for the next 12 months, that the Charity has sufficient financial resilience to continue in operational existence for the foreseeable future and has assumed that there will be no changes to the regulatory framework or Government policy that will affect the Charity's viability. The Trustees therefore consider it appropriate to adopt the going concern basis in preparing these financial statements.”

Significant events

• “The financial year 2024-25 marked a period of significant transition for VSA, operating in a challenging external environment shaped by persistent inflation, rising energy and staffing costs, and increased demand across the care sector.”
• “A notable near future financial pressure arose from the UK Government's decision to increase Employer National Insurance Contributions (ENICs), a move that VSA joined with Coalition of Care Providers in Scotland (CCPS) to lobby for social care providers to be made exempt but failed to secure.”
• “VSA undertook a strategic review of its current five-year plan (2020-25) to assess progress, evaluate emerging needs, and shape a new vision for the organisation, laying foundations for its 2025-30 strategy.”
• “VSA began delivery of a new service contract to provide the Aberdeenshire Carers Service, leading to staff team growth and additional roles focused on carer support.”
• “VSA's Fuel Fund supported a record 612 households pay their energy bills in partnership with Cfine and Cyrenians, responding to soaring energy costs and the ongoing cost-of-living crisis.”
• “VSA continued its commitment to achieving net zero by 2045, with total emissions falling compared with 2023, reflecting energy efficiency measures and renewable electricity purchasing.”
• “In late 2024, VSA finalised the sale of Richmondhill House, a former children's respite facility, sold below market value due to limited demand and absence of service income.”
• “After almost 30 years, VSA made the painful decision to close its residential care home, Ruthrieston House, in January 2025 due to insufficient staffing and a poor care inspectorate report.”
• “VSA launched seven new training courses covering personal care; palliative care; equality, diversity, inclusion and belonging; anaphylaxis; epilepsy; catastrophic bleeding; and Parkinsons.”
• “VSA launched the Employee Partnership Forum in January 2025 using a Fair Work employee partnership model, chaired by the HR Director and co-chaired by rotating employees, to represent staff views.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +7.2%

  £20,283,000 → £21,748,000

• Cash

  -53.7%

  £1,710,000 → £792,000

• Net assets

  -6.8%

  £40,929,000 → £38,160,000

• Employees

  +2.4%

  508 → 520

• Wages

  +10.5%

  £13,548,000 → £14,971,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers