REGISTERED CHARITY NUMBER: SC046222
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
CHILDREN'S AID SCOTLAND
89 Seaward Street Glasgow G41 1HJ
CHILDREN'S AID SCOTLAND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
CHILDREN'S AID SCOTLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year to 31 December 2024. 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 objectives of the charity are to raise funds to donate to local charities and causes specifically aimed at helping children affected by illness, disability, poverty or abuse.
Significant activities
The financial statements reflect the activities of Children's Aid Scotland for the year ended 31 December 2024.
The charity organises and hosts fundraising dinners throughout the year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Children's Aid Scotland was able to meet its objectives of providing donations to local charities by raising funds through the organisation and hosting of the following events which were very successful. The gross income received from the events was as follows:
Month Event Gross Amount September 2024 Aberdeen Question of Sport £49,505 November 2024 Glasgow Question of Sport £160,705
Sponsorship income of £30,000 received from Flogas Britain Ltd and a donation of £30,000 was received from Macdonald Hotels & Resorts.
FINANCIAL REVIEW
Principal funding sources
Our principal funding source was our main event in Glasgow as noted above.
Reserves and going concern policy
The trustees have agreed to maintain unrestricted reserves at a level that will provide sufficient funds to cover administration and support costs. In the opinion of the trustees this is a minimum of £5,000 which has been met this year. The Board of Trustees have reviewed the likely outcome for the next 12 months and consider the charity to be a going concern as it is in a position to meet its financial liabilities as they fall due and will be able to do so for a period of at least 12 months from the date the financial statements are signed. Overall, the trustees consider the performance of the charity to be satisfactory.
TAXATION
The charity is recognised by HM Revenue & Customs as an approved charity and is not liable to income tax.
FUTURE PLANS
In 2025, we hope to be involved in the Aberdeen Sports Challenge event once again and are running our annual Glasgow Question of Sport Dinner in November as usual.
It is believed Flogas Britain Ltd and Macdonald Hotels & Resorts will continue their support.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 21 December 2015.
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CHILDREN'S AID SCOTLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
During 2024 there were no changes to the Board of Trustees. The current structure consists of three trustees. acts as Chairman and as Vice-Chairman. In addition to the trustees, there are thirteen committee members who are actively involved in helping to organise and run the events and who also have voting rights when deciding which charities should receive funding. The charity also has an administrator who deals with the day to day administrative tasks of the charity and who reports directly to the trustees.
Induction and training of new trustees
An induction process and regular communications inform and update both new trustees and existing trustees in respect of the organisation's legal status, constitutional documents and other general information, in addition to a review of the activities within the organisation.
Key management remuneration and related parties
Key management personnel who are responsible for managing and controlling the charity are the trustees. The administrator deals with all the day to day administration.
The trustees do not receive remuneration for their services.
In addition, the Board considers that the charity's related parties are its trustees. There were no related party transactions during the year ended 31 December 2024.
Risk management
The trustees have a duty to review the principal risks and uncertainties that the charity faces and to ensure adequate controls are in place to provide reasonable assurance against fraud and error and, consequently, any potential impact on the charity. The trustees review the risks affecting the charity at trustee meetings and take appropriate action to mitigate any matters arising.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC046222
Principal address
4 Norman Macleod Crescent Bearsden Glasgow G61 3BF
Trustees
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Independent Examiner
Caledonia House 89 Seaward Street Glasgow G41 1HJ
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CHILDREN'S AID SCOTLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Virgin Money 30 St Vincent Place Glasgow G1 2HL
Solicitors
Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE
Approved by order of the board of trustees on 15 April 2025 and signed on its behalf by:
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHILDREN'S AID SCOTLAND
I report on the accounts for the year ended 31 December 2024 set out on pages five to fourteen.
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.
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The Institute of Chartered Accountants of Scotland
Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ
15 April 2025
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CHILDREN'S AID SCOTLAND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted fund Notes £ INCOME FROM Donations and legacies 2 80,624 Other trading activities 3 222,344 Investment income 4 2,646 Total 305,614 EXPENDITURE ON Raising funds 5 81,379 Charitable activities 6 Grants 221,558 Total 302,937 NET INCOME 2,677 RECONCILIATION OF FUNDS Total funds brought forward 128,170 TOTAL FUNDS CARRIED FORWARD 130,847 |
Restricted funds £ - - - - - - - - - - |
2024 Total funds £ 80,624 222,344 2,646 305,614 81,379 221,558 302,937 2,677 128,170 130,847 |
2023 Total funds £ 40,348 187,598 3,670 |
|---|---|---|---|
| 231,616 | |||
| 71,481 108,344 |
|||
| 179,825 | |||
| 51,791 76,379 |
|||
| 128,170 |
The notes form part of these financial statements
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CHILDREN'S AID SCOTLAND
BALANCE SHEET 31 DECEMBER 2024
| Notes CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds TOTAL FUNDS |
2024 £ 10,865 152,761 163,626 (32,779) 130,847 130,847 130,847 130,847 130,847 |
2023 £ 7,444 127,886 135,330 (7,160) 128,170 128,170 128,170 128,170 128,170 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 April 2025 and were signed on its behalf by:
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The notes form part of these financial statements
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005 and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are presented in Sterling (£).
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Raising funds
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities and events.
Charitable activities
Costs of charitable activities are incurred on the charity's raising funds for childrens' activities, including the support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Consists of the costs of the accounts preparation and other financial services and any expenditure incurred in compliance with the legal requirements of the charity.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not undertake charitable activities. Support costs consist of governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities.
Taxation
The charity is exempt from tax on its charitable activities.
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES - continued
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.
Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other accounts receivable and payable.
Debt instruments like other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months.
Judgements
The charity considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The trustees consider there are no such significant judgements.
Provisions
Provisions are recognised when the charity has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the charity will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.
2. DONATIONS AND LEGACIES
| Donations Gift aid Sponsorship |
2024 £ 40,344 10,280 30,000 80,624 |
2023 £ 3,520 6,828 30,000 |
|---|---|---|
| 40,348 |
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Deposit account interest 5. RAISING FUNDS Raising donations and legacies Postage and stationery Sundries Auction prizes and gifts Hosts and event staff Audio visual Design and printing Venue hire 6. CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 7) £ Grants 213,098 7. GRANTS PAYABLE Grants |
|
|---|---|
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
7. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
| Action for Children Calum's Cabin Lothian Autistic Society Glasgow Childrens' Hospital Charity Kelbourne Park Primary Finding Your Feet Big Hearts Community Trust CHAS Plus (Forth Valley) Celtic FC Foundation Aberlour Child Care Trust Sense Scotland SLC Turnberry Limited Doing it for Daniel Foundation Friends of Ashton Ronald McDonald House Sight Scotland Charlie House The GK Experience Chattersense West Lothian Riding for the Disabled Dundee Science Centre Argyll & Bute Care Pain Concern Women's Aid Orkney PALS Team Jak Foundation Promoting Inclusion Through Sport Various grants (all less than £500) Loud N Proud Scottish Jewish Heritage Centre James Leckey Design Ltd (Custom- made walker for child) The School Bank West Lothian East Fife & Scooniehill RDA Inclusive Orkney GCC Hampden Primary School Maryhill Ruchill Parish Church NSPCC Scotland |
2024 £ 8,542 2,000 - - 10,000 - 4,688 10,000 2,000 2,970 6,000 3,918 12,000 2,000 42,165 - 1,489 5,000 5,450 7,318 - 3,850 - - - 3,000 - - 450 1,462 1,500 4,744 1,550 2,000 600 53,071 631 14,700 213,098 |
2023 £ - 4,800 1,987 8,000 - 25,000 7,394 - - 2,946 6,000 - - 4,800 6,500 1,915 - 5,000 - - 1,487 7,000 1,994 2,000 1,440 5,300 3,000 2,300 201 - - - - - - - - - |
|---|---|---|
| 99,064 |
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
8. SUPPORT COSTS
| Governance | ||
|---|---|---|
| costs | ||
| £ | ||
| Grants | 8,460 | |
| Support costs, included in the above, are as follows: | ||
| Governance costs | ||
| 2024 | 2023 | |
| Total | ||
| Grants | activities | |
| £ | £ | |
| Independent Examiner's fees | 2,160 | 2,280 |
| Bookkeeping and secretarial | 6,300 | 7,000 |
| 8,460 | 9,280 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
10. STAFF COSTS
The average number of employees during the year was NIL (2023 - NIL).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME FROM Donations and legacies 38,140 Other trading activities 187,598 Investment income 3,670 Total 229,408 EXPENDITURE ON Raising funds 71,481 Charitable activities Grants 106,136 Total 177,617 |
Restricted funds £ 2,208 - - 2,208 - 2,208 2,208 |
Total funds £ 40,348 187,598 3,670 |
|---|---|---|
| 231,616 | ||
| 71,481 108,344 |
||
| 179,825 |
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ NET INCOME 51,791 - RECONCILIATION OF FUNDS Total funds brought forward 76,379 - TOTAL FUNDS CARRIED FORWARD 128,170 - 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other debtors 10,865 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other creditors 4,800 Accruals and deferred income 27,979 32,779 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Unrestricted Restricted Total fund funds funds £ £ £ Current assets 163,626 - 163,626 Current liabilities (32,779) - (32,779) 130,847 - 130,847 |
Total funds £ |
|
|---|---|---|
| 51,791 76,379 |
||
| 128,170 |
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
15. MOVEMENT IN FUNDS
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/24 | in funds | 31/12/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 128,170 | 2,677 | 130,847 |
| TOTAL FUNDS | 128,170 | 2,677 | 130,847 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 305,614 | (302,937) | 2,677 |
| TOTAL FUNDS | 305,614 | (302,937) | 2,677 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/1/23 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 76,379 | 51,791 | 128,170 |
| TOTAL FUNDS | 76,379 | 51,791 | 128,170 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 229,408 | (177,617) | 51,791 |
| Restricted funds | |||
| Finding Your Feet | 2,208 | (2,208) | - |
| TOTAL FUNDS | 231,616 | (179,825) | 51,791 |
continued...
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CHILDREN'S AID SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 or 31 December 2023.
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CHILDREN'S AID SCOTLAND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| INCOME Donations and legacies Donations Gift aid Sponsorship Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Postage and stationery Sundries Auction prizes and gifts Hosts and event staff Audio visual Design and printing Venue hire Charitable activities Grants to institutions Support costs Governance costs Independent Examiner's fees Bookkeeping and secretarial Total resources expended Net income |
2024 £ 40,344 10,280 30,000 80,624 222,344 2,646 305,614 93 1,774 18,444 15,906 12,577 2,808 29,777 81,379 213,098 2,160 6,300 8,460 302,937 2,677 |
2023 £ 3,520 6,828 30,000 |
|---|---|---|
| 40,348 187,598 3,670 |
||
| 231,616 56 2,434 16,717 14,053 11,564 1,362 25,295 |
||
| 71,481 99,064 2,280 7,000 |
||
| 9,280 | ||
| 179,825 | ||
| 51,791 |
This page does not form part of the statutory financial statements
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