**CHARITY REGISTRATION NUMBER: SC007496**
## **Edinburgh University Children's Holiday Venture Unaudited Financial Statements**
## **31 August 2024**
## **GIBSON McKERRELL BURROWS LIMITED**
Chartered Accountants
28 Rutland Square Edinburgh EHl 2BW
**Edinburgh University Children's Holiday Venture**
## **Financial Statements**
## **Year ended 31 August 2024**
||**Pages**|
|---|---|
|Members' annual report|**1 to5 **|
|Independent examiner's report to the members|**6to7 **|
|Statement of financial activities|**8**|
|Statement of financial position|9|
|Notes to the financialstatements|**10 to 16**|
|**Thefollowing pages do not form partofthe financialstatements**||
|Detailed statement of financial activities|**18**|
|Notes to the detailed statement of financial activities|**19**|
## **Edinburgh University Children's Holiday Venture**
## **Members' Annual Report**
## **Year ended 31 August 2024**
The members present their report and the unaudited financial statements of the charity for the year ended 3 I August 2024.
## **Reference and administrative details**
**Registered charity name** Edinburgh University Children's Holiday Venture
**Charity registration number**
SC007496
**Principal office** C/O EUSA Activities The Potterrow 5/2 Bristo Square Edinburgh EH89AL
## **The members**
- 1 -
**Edinburgh University Children's Holiday Venture**
**Members' Annual Report** _(co111i1111edJ_
## **Year ended 31 August 2024**
## **Independent examiner**
Gibson McKerrell Burrows Limited Chartered Accountants 28 Rutland Square Edinburgh EHi 2BW
## **Structure, governance and management**
The charity is a recognised charity in Scotland (charity registration number SC007496) and is operated under the rules of its constitution. The management of the charity is the responsibility of the committee who are elected under terms of the constitution. The charity is run day to day by the members.
## **Objectives and activities**
The objectives of Edinburgh University Children's Holiday Venture (CHY) remain to organise and provide activities and support for children from Edinburgh's peripheral housing schemes, specifically those living in economically deprived areas. These children often face challenges such as neglect, bereavement, isolation, or caring responsibilities. Referrals continue to come from social workers, schools, and other professionals who think we could help.
CHY aims to create a long-term supportive framework through consistent engagement and a high volunteer-to-child ratio. This allows children to develop confidence, social skills, and personal growth while providing a welcome break from their home and school environments. The charity currently supports around 140 children across its groups in the Niddrie, Pilton and Sighthill catchment areas. These groups operate on a fortnightly basis, with volunteers providing transportation via CHV's minibuses to ensure accessibility for all.
This year, financial challenges meant operating with a reduced budget for the start to the financial year before a full recovery in the summer of 2024. This led to the difficult decision to cut residential camps while prioritising regular activities and day trips. Despite these challenges, CHY remained committed to its core mission, ensuring that children still benefited from structured, engaging, and supportive experiences. CHY itself enjoyed another strong year - setting the foundations for a very successful following year.
- 2 -
## **Edinburgh University Children's Holiday Venture**
**Members' Annual** _Report(continuedJ_
## **Year ended 31 August 2024**
## **Achievements and performance**
Children's Holiday Venture's primary aim is to support children in Edinburgh, specifically from Niddrie, Pilton, and Sighthill, to improve their emotional and physical well-being through engaging, social, and confidence-building activities. The charity also works to ensure its long-term sustainability by fundraising and securing grants to maintain and expand its operations.
This financial year presented significant financial challenges. Following the purchase of a new minibus in the previous financial year that required the majority of our savings, coupled with a difficult economic environment and reduced eligibility for several key grants, the charity had to operate on a smaller budget. Unfortunately, this meant making difficult decisions, such as cutting the residential camps; instead prioritising the activity nights and day trips. Despite these constraints, the commitment of volunteers and committee members ensured that CHY still delivered high-quality experiences for the children who it services.
Evening activities remained at the heart of CHY's work. Throughout the year, groups took part in a wide range of engaging activities, including bowling, trampolining, scavenger hunts, bonfires on the beach, arts and crafts, and team-building games. Volunteers worked creatively to develop budget-conscious but high-quality activities, ensuring that each session remained engaging and beneficial for the children. Day trips were also a priority in lieu of the annual camps, with children getting the opportunity to visit places such as the zoo, the beach, and the Time Capsule Water Park.
The Progressions groups, which was introduced in the previous year for older children, expanded. This group aims to foster independence, teamwork, and personal development for children older than 12 through age-appropriate activities. In 2023-24, 20 children regularly participated, benefitting from outings that encouraged responsibility and resilience.
A major focus this year was securing funding to sustain CHV's work. While grants were harder to obtain over the course of our activities from September to June, CHV still benefited from tens of thousands of pounds in funding thanks to the dedicated efforts of the grants officers. Fundraising played an increasingly important role in maintaining financial stability, with volunteers participating in a variety of activities, including bucket collections at the Christmas market, social events, and the CHY Ball. The Annual Ball was a particular success, raising hundreds of pounds through raffle ticket sales alone.
Despite the financial constraints, CHY ended the year in a stable financial position, as a result of the concerted effort of the entire committee and the decision at our 2024 AGM to add a third Grants Officer to the committee. We had our most successful summer of grants in years, resulting in enough funding to continue full operations into the next financial year. Though it was disappointing to have to cut overnight camps, this decision allowed CHV to offer its core services without disruption and we we have budgeted for - and committed to - their return in 2025.
The commitment and resilience of CHV's volunteers were key to the charity's success this year. The committee, group leaders, and volunteers ensured that 140 children continued to receive vital support and engagement, helping them build confidence, make new friendships, and enjoy new experiences. Looking back, the resilience that CHV displayed; through its determination and fundraising efforts, showcased our strength and capacity to deliver on our now 64-year old commitment to the children of Edinburgh. Looking ahead, CHV remains steadfastly committed to its mission. We believe we have the funds, foundations, relationships and volunteers necessary to operate long into the future.
- 3 -
## **Edinburgh University Children's Holiday Venture**
**Members' Annual Report** _(comi11ued)_
## **Year ended 31 August 2024**
## **COMMITTEE MEMBERS' REMUNERATION AND EXPENSES**
The members of the committee did not receive any remuneration or reimbursement of expenses during the year (2023 - £nil).
## **Financial review**
The charity needs reserves to protect its current activities in order to allow the members to meet their day-to-day responsibilities and to ensure that it continues to operate on a going concern basis. The members have examined the need, risks and challenges faced by the charity in the both short and medium term and have formulated a policy to meet those needs, which are satisfied by the level of reserves at the balance sheet date.
## **Members' responsibilities statement**
The members are responsible for preparing the Members Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity members to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the members are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material
- departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustees Investments (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
## **Edinburgh University Children's Holiday Venture**
**Members' Annual Report** _(co11ti11ued)_
## **Year ended 31 August 2024**
**Members' responsibilities statement** _(comi1111ed)_
## **INDEPENDENT EXAMINER**
CA of Gibson McKerrell Burrows Limited Chartered Accountants has been re-appointed as independent examiner for the ensuing year.
The members' annual report was approved on 16 April 2025 and signed on behalf of the board trustees by:
- 5 -
**Edinburgh University Children's Holiday Venture**
## **Independent Examiner's Report to the Members of Edinburgh University Children's Holiday Venture**
## **Year ended 31 August 2024**
I report to the members on my examination of the financial statements of Edinburgh University Children's Holiday Venture ('the charity') for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the members of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the '2005 Act') and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation I I of the Charities Accounts (Scotland) Regulations 2006 (as amended).
## **Independent examiner's statement**
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
- I. accounting records were not kept as required by section 44( 1 )(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
- 6 -
Edinburgh University Children's Holiday Venture
Independent Examlner's Report to the Members of Edlnburgh Unlverslty Cldren'S
Holiday Velltui'e {(x)ifDIi)
Year ended 31 August 2024
I have no concerns and bave come across no otlLer lltterS in connection with the exall]ination to
which attention should be drawn in this report in OTder to ellable a PToper understallding of the
accoiuits to be reaclied.
Gibs011
cKe.tTel I Iliirr()i¥s l.lin Ile
Chartered Accoiuitallts
Ldepedellt Exami
28 Rutland Square
EdinbisIL
EHI 28W
16 April 2025
## **Edinburgh University Children's Holiday Venture**
## **Statement of Financial Activities**
## **Year ended 31 August 2024**
||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|£|£|£|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|57,636|10,000|67,636|51,857|
|**Total income**||57,636|10,000|67,636|51,857|
|**Expenditure**||||||
|Expenditure on charitable activities|
**5,6**|31,663||31,663|47,110|
|Other expenditure|7||||(12,600)|
|**Total expenditure**||31,663||31,663|34,510|
|**Net income and net movement in**|**funds**|25,973|10,000|35,973|17,347|
|**Reconciliation of funds**||||||
|Totalfunds broughtforward||47,791|3,870|51,661|34,314|
|**Total funds carried forward**||73,764|13,870|87,634|51,661|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 10 to 16 form part of these financial statements.**
- 8 -
## **Edinburgh University Children's Holiday Venture**
## **Statement of Financial Position**
## **31 August 2024**
|**2024**
**Note**
£
**Fixed assets**
Tangible fixed assets
**11**
**Current assets**
Debtors
**12**
1,824
Cash atbank and in hand
57,137
58,961
**Creditors: amounts falling due**
**within oneyear**
**13**
750
**Net current assets**
**Total assets less current liabilities**
**Funds of the charity**
Restrictedfunds
Unrestrictedfunds
**Total charity funds**
**14**|2023
£
£
29,423
13,151
--
13,151
720
58,211
87,634
13,870
73,764
87,634|£
39,230
12,431
51,661
3,870
47,791
51,661|
|---|---|---|
These financial statements were approved by the board of trustees and authorised for issue on 16 April 2025, and are signed on behalf of the board by:
**The notes on pages 10 to 16 form part of these financial statements.**
- 9 -
Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements**
## **Year ended 31 August 2024**
## **1. General information**
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is C/O EUSA Activities, The Potterrow, 5/2 Bristo Square, Edinburgh, EH8 9AL.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS I 02, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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 I 02) (effective I January 2019), (Charities SORP (FRS I 02)), the Companies Act 2006 and the Charities and Trustee investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended). The charity constitutes a public benefit entity as defined by FRS I 02.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Disclosure exemptions**
The entity satisfies the criteria of being a qualifying entity as defined in FRS I 02. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
- (a) No cash flow statement has been presented for the company.
- (b) Disclosures in respect of financial instruments have not been presented.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
- **10** -
## Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements** _(continue,/)_
## **Year ended 31 August 2024**
**3. Accounting policies** _(continued)_
## **Fund accounting**
Unrestricted funds are those which can be used within the charity's objectives, at the discretion of the members.
Restricted funds are those which can only be used for particular restricted purposes within the charity's objectives. Funds are restricted when their purpose is specified by the donor, by the terms of an appeal or where they are raised for a particular purpose or project.
## **Incoming resources**
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
## **Resources expended**
Resources expended are recognised in the year m which they are incurred and include attributable VAT which cannot be recovered.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
20% straight line
- **11** -
## Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements** _(cominuedJ_
## **Year ended 31 August 2024**
**3. Accounting policies** _(co11ti1111ed)_
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
## **4. Donations and legacies**
|**Donations and legacies**||||
|---|---|---|---|
||Unrestricted|Restricted**Total Funds**||
||Funds|Funds|**2024**|
||£|£|£|
|**Donations**||||
|Donations|44,934||44,934|
|Fundraising|5,979||5,979|
|Training camp|890||890|
|Socialevents|5,341||5,341|
|Miscellaneous receipts|492||492|
|Donations towards day trips and night activities||10,000|10,000|
||57,636|10,000|67,636|
- **12** -
## Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements** _(co111i11ued)_
## **Year ended 31 August 2024**
## **`4.` Donations and legacies** _(co11ti1111edJ_
|Unrestricted
Restricted
Funds
Funds
**Donations**
£
£
Donations
46,921
Fund raising
349
Training camp
Socialevents
4,587
Miscellaneous receipts
Donations towards daytrips andnightactivities
51,857
**Expenditure on charitable activities by fund type**
Unrestricted**Total Funds**
Unrestricted
Funds
**`2024`**
Funds
£
£
£
Supporting children in the Edinburgh
area
19,837
19,837
35,159
Support costs
11,826
11,826
11,951
31,663
31,663
47,110|Total Funds
2023
£
46,921
349
4,587
51,857|
|---|---|
||Total Funds
2023
£
35,159
11,951
47,110|
## **5. Expenditure on charitable activities by fund type**
## **6. Expenditure on charitable activities by activity type**
|Activities
undertaken
**Total funds**
directlySupport costs
**`2024`**
£
£
£
Supporting children in the Edinburgh
area
19,837
19,837
Governance costs
11,826
11,826
19,837
11,826
31,663
**Other expenditure**
Unrestricted**Total Funds**
Unrestricted
Funds
£
**`2024`**
£
Funds
£
(Gain)/Lossondisposalof tangible
fixedassetsheldfor charity's ownuse
(12,600)|Total fund
2023
£
35,I59
11,951
47,110|
|---|---|
||Total Funds
2023
£
(12,600)|
## `7.` **Other expenditure**
- **13** -
## Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements** _(continued)_
## **Year ended 31 August 2024**
## **8. Net income**
Net income is stated after charging/(crediting):
||Netincome isstatedafter charging/(crediting):|||
|---|---|---|---|
|||**2024**|2023|
|||£|£|
||Depreciationof tangible fixed assets|9,807|9,807|
||Gains ondisposaloftangible fixed assets||(12,600)|
|**9.**|**Independent examination fees**|||
|||**2024**|2023|
|||£|£|
||Feespayableto theindependentexaminer for:|||
||Independentexamination of thefinancialstatements|720|720|
## **10. Member remuneration and expenses**
No salaries or wages have been paid to employees, including the members of the committee, during the year.
## **11. Tangible fixed assets**
|Motor
vehicles
£
**Cost**
**At 1 September 2023 and 31 August 2024**
78,471
**Depreciation**
AtI September 2023
39,241
Chargefor theyear
9,807
**At 31 August 2024**
49,048
**Carrying amount**
**At 31 August 2024**
29,423
At 3I August 2023
39,230
12. **Debtors**
**2024**
£
EUSAdebtor
1,824|**Total**
£
78,471
39,241
9,807
49,048
29,423
39,230
2023
£|
|---|---|
- **14** -
## Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements** _(conti11ued)_
## **Year ended 31 August 2024**
## **13. Creditors:** amounts falling due within one year
|Other creditors
**Analysis of charitable funds**
**Unrestricted funds**
At
I September
Generalfunds
2023
£
47,791
At
I September
General funds
2022
£
30,444
**Restricted funds**
At
lSeptember
2023
£
Daytrips andnightactivitiesfund
Training camp fund
870
Kidscampfund
3,000
3,870
At
I September
2022
£
Day tripsandnight activities fund
Training camp fund
870
Kidscampfund
3,000
3,870|**2024**
£
2023
£
750
720
**At**
**31 August 2**
Income
£
57,636
Expenditure
£
(31,663)
**024**
£
73,764
At
31 August 20
Income
£
51,857
Expenditure
£
(34,510)
23
£
47,791
**At**
**31 August 2**
Income
Expenditure
**024**
£
£
£
10,000
10,000
870
3,000
10,000
13,870
Income
Expenditure
At
31 August 20
23
£
£
£
870
3,000
3,870|
|---|---|
||Income
Expenditure
£
£
10,000
10,000
Income
Expenditure
£
£|
## **14. Analysis of charitable funds**
- **15** -
## Edinburgh University Children's Holiday Venture
## **Notes to the Financial Statements** _(continued)_
## **Year ended 31 August 2024**
## **14. Analysis of charitable funds** _(co111inued)_
Training camp fund - training students for working with children.
Kids camp fund - donation towards three camps for children per year for the next five years.
Day trips and night activity fund - donation towards taking the children on day trips and night activities.
## **15. Analysis of net assets between funds**
|Tangiblefixedassets
Currentassets
Creditorslessthan Iyear
**Net assets**
Tangible fixed assets
Current assets
Creditorsless thanI year
**Net assets**|Unrestricted**Total Funds**
Funds
£
29,423
**2024**
£
29,423
58,961
58,961
(750)
(750)
87,634
87,634|
|---|---|
||Unrestricted
Total Funds
Funds
2023
£
39,230
£
39,230
13,151
13,151
(720)
(720)
51,661
51,661|
- **16** -
Edinburgh University Children's Holiday Venture
Management Information
Year ended 31 August 2024
The following pages do not form part of the financial statements.
- **17** -
## Edinburgh University Children's Holiday Venture
## **Detailed Statement of Financial Activities**
## **Year ended 31 August 2024**
||**2024**|2023|
|---|---|---|
||£|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|44,934|46,921|
|Fundraising|5,979|349|
|Training camp|890||
|Social events|5,341|4,587|
|Miscellaneous receipts|492||
|Donations towards day tripsandnightactivities|10,000||
||67,636|51,857|
|**Total income**|67,636|51,857|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Motorvehicle expenses|8,427|8,492|
|Legaland professionalfees|750|720|
|Depreciation|9,807|9,807|
|Administration andpublicity|1,269|1,424|
|Camps|798|7,935|
|Outings|7,101|10,371|
|Fundraising|2,686|7,347|
|Training|825|1,014|
||31,663|47,110|
|**Other expenditure**|||
|(Gain)/Loss ondisposaloftangible fixedassetsheldfor charity's own|||
|use||(12,600)|
|**Total expenditure**|31,663|34,510|
|**Net income**|35,973|17,347|
- **18** -
Edinburgh University Children's Holiday Venture
## **Notes to the Detailed Statement of Financial Activities**
## **Year ended 31 August 2024**
||**2024**|2023|
|---|---|---|
||£|£|
|**Expenditureon charitable activities**|||
|**Supportingchildren in theEdinburgharea**|||
|**_Activitiesundertaken directly_**|||
|Motor vehicle expenses|8,427|8,492|
|Camps|798|7,935|
|Outings|7,101|10,371|
|Fundraising|2,686|7,347|
|Training|825|1,014|
||19,837|35,159|
|**Governancecosts**|||
|Governance costs-accountancy fees|750|720|
|Governance costs-depreciation|9,807|9,807|
|Administration and publicity|1,269|1,424|
||11,826|11,951|
|**Expenditure on charitable activities**|31,663|47,110|
- **19** -