D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
CHARITY NO: SC048801
APROXIMA SCIO
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
PAGE
Reference and Administrative information
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-14

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Prlnclpal Offlc8
26 Ashburton Road
Glasgow
G12 OLZ
Charlty Number
SC048801
Independent Examln8rs
Wbg Services LLP
168 Bath Street
Glasgow
G2 4TP
Bank
Santander Business Banking
2 Triton Square
Regent's Place
London
NW13AN
UK

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are pleased to present their report together wrth the financial statements of the
charity for the year ending 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the accounts and comply with the charity's constitution, the Charities and
Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006
and 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.
Structure, governance and management
AA
The charity is a Scottish Charitable Incorporated Organisation (SCIO) governed by its
constitution which was registered with the Office of the Scottish Charity Regulator on 31
October 2018.
Under the constitution any person who is willing to act as a trustee, and is permitted by law to
do so, may be appointed to be a trustee by a decision of the other trustees.
ObJ8ctlves and actlvltlos
Aproxima is an environmental arts charity based in Glasgow. It creates multi-disciplinary work
that spans live productions, community local food initiatives, creative design and public
interventions. Aproxima works at both a neighbourhood and national scale, often outdoors or
in unusual or unused places with the integral involvement of local people.
This will include all forms of public art. horticulture. environmental art, visual art, live
performance, events, writing, lectures, symposiums, discussions. site based installations,
films, and architecture.
Aproxima also supports the advancement of citizenship and personal development by
collaborating with local communities, whether through direct participation or otherwise in the
delivery of all forms of art related activities. This may include using art to provide innovative
regeneration strategies that can be of benefit both at a local and national level. We also
encourage the open learning and exchange of values and beliefs to find ways to enhance
community relationships.
The Necropolis Glasgow's great silent 'City of the Dead, contains over 50.000 burials. it is well
known for the grand memorials to the richer residents of the city, built from 1836 onwards. The
cemetery contains 21,000 common graves, where people were buried when their families
could not afford the price of a headstone. Aproxima staged the first of several communal
interventions in the Necropolis, a Winter bulb planting event with singer Karine Polwart.
attracting significant press coverage and positive reviews. The initiative developed a
continuing partnership with The Friends of Glasgow Necropolis, Scouse Flowerhouse, the
National Wildflower Centre and Glasgow City Council.

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
With the support of a capital grant from the Glasgow City Heritage Trust Aproxima are
partnering with Glasgow University Archaeology Department and Clyde Archaeology
developing plans for an investigation of St Mungo's Well. the sacred water source is contained
within the walls of Glasgow Cathedral Crypt. A plan has been jointly prepared to gain
Scheduled Monument Consent.
Work began on the script for an authored GPS Audio Walk that will run from Townhead through
historic elements of Glasgow to the Necropolis, partnering with University of Westminster
Music and Sound Arts Department. This educational relationship also delivered a reprise of
the 2021 Over Lunan performance with a sell-out double Marimba and trumpet concert in the
highly resonant lift chamber of the Brunel Museum in London.
The Kelvindale Growers Garden continues to be well-used and offers a high impact urban
community garden in the northwest of Glasgow, with an exceptional design by ZM Architecture
and a craft-focused build by B7 Construction; KGG was bom in Spring 2021. The productive
street-based resource grows fruit and vegetables and delivers social and environmental
impact through voluntary work with all ages and backgrounds, there is a hot composting
section and greenhouse seed development as well as numerous volunteering, social planting
and harvesting events throughout the year.
Aproxima acts as the anchor organisation for KGG. coordinating the imaginative programme
and fundraising. Harvest events are a a creative highpoint carrying on the 'chip shop, theme
from lockdown and the hot compost techniques developed in the garden have been shared
online and are shared through site visits from other productive green space charities across
Scotland.
The trustees would like to thank the generous support of the funders who have enabled
Aproxima to build a portfolio of events, athorks, music releases and environmental initiatives.
The William Grant Foundation have been instrumental in supporting the core organisational
structure of the charity.
Plans for future perlods
Aproxima are continuing development and production of the GPS located Audio Walk following
route to from Townhead to Calton exploring lesser-known parts of Glasgow's pre-industrial
history.
Work in the Glasgow Necropolis to create and maintain flower memorials situated on
areas of common graves continues with special planting events. The St Mungo Well
investigation is being planned for a public launch as part of Glasgow 850 in January 2025. A
granite curbside plafform is being designed to enable viewing of the Molendinar Burn from the
bridge on Duke Street, Glasgow as part of the GCC Avenues Plus programme.

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Financial review
The results for the year and financial position are set out in the attached financial statements.
The charity's incoming resources for the year were £170,303 (2024: £61.603) and total
resources expended were £133,535 (2024". £93,011) leaving a surplus of £36,768 (2024:
deficit of £31,408) at the year end.
Reserves Pollcy
The trustees, policy is to maintain unrestricted funds equal to 3 months, worth of operational
costs, this equates to £15.458. The unrestricted free reserves at 31 March 2025 were £21.707
and therefore above target level.
Truste8s' responslbllltles In relatlon to the flnanclal statements
The charity trustees are responsible for preparing a trustees, annual report and 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 trustees to prepare financial
statements for each year which give a true 8nd fair view of the state of 8ffairs of the charity
and of the incoming resources and application of resources, of the charity for that year. In
preparing the financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent.
state whether applicable 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 trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities and Trustee Investment
(Scotland) Act 2005, the Charity Accounts {Scotland) Regulations 2006, and the provisions of
the constitution. They are also responsible for safeguarding the assets of the charity and taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charrty and financial
information included on the charity's website. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
ned on their behalf by:
Date: 9 September 2025

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF APROXIMA SCIO FOR
THE YEAR ENDED 31 MARCH 2025
I report on the accounts of the charity for the year ended 31 March 2025 which are set out on
pages 6 to 14.
Respective responsibilities of truste85 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.
The charity trustees consider that the audit requirement of Regu18tion 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.
Basls of Independent examlner's statement
My examination is 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 seeks
explanations from the trustees conceming any such matters. The procedures undertaken do
not provide all the evidence th8t would be required in an audit. and consequently I do not
express an audit opinion on the view given by the accounts.
Independent examlner's statement
In the course of my examination, no matter has come to my attention
which gives me reasonable cause to believe that in any material respects 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 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
understsnding of the accounts to be reached.
ervices
168 Bath Street
Glasgow
G2 4TP
Date: 9 September 2025

������������������������������������������������������� 

|Note<br>Unrestricted<br>Funds<br>2025<br>Restricted<br>Funds<br>2025<br>Total<br>Funds<br>2025<br>Unrestricted<br>Funds<br>2024<br>Restricted<br>Funds<br>2024<br>Total<br>Funds<br>2024<br>£<br>£<br>£<br>£<br>£<br>£<br>Income and endowments from:<br>Donations and legacies<br>4<br>53,520<br>104,704<br>158,224<br>52,784<br>8,219<br>61,003<br>Other incoming resources<br>5<br>12,079<br>-<br>12,079<br>600<br>-<br>600<br>Total Income<br>65,599<br>104,704<br>170,303<br>53,384<br>8,219<br>61,603<br>Expenditure on:<br>Charitable activities<br>6<br>43,835<br>71,704<br>115,539<br>72,108<br>5,869<br>77,977<br>Other expenditure<br>7<br>17,996<br>-<br>17,996<br>12,684<br>2,350<br>15,034<br>Total Expenditure<br>61,831<br>71,704<br>133,535<br>84,792<br>8,219<br>93,011<br>Net income/(expenditure)<br>3,768<br>33,000<br>36,768<br>(31,408)<br>-<br>(31,408)<br>Transfers between funds<br>-<br>-<br>-<br>-<br>-<br>-<br>Net movement in funds<br>3,768<br>33,000<br>36,768<br>(31,408)<br>-<br>(31,408)<br>Funds reconciliation<br>Total Funds brought forward<br>13<br>17,939<br>-<br>17,939<br>49,347<br>-<br>49,347<br>Total Funds carried forward<br>13<br>21,707<br>33,000<br>54,707<br>17,939<br>-<br>17,939|61,603|77,977<br>15,034|93,011|(31,408)<br>-|(31,408)|49,347<br>17,939|
|---|---|---|---|---|---|---|





D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
BALANCE SHEET AS AT 31 MARCH 2025
Total Funds
2025
Total Funds
2024
Note
Flxed Assets..
T8ngible 8ssets
Total Flxed Assets
10
2.482
2,482
702
702
Current assets..
Debtors
Cash at bank and in hand
Total Current Assets
11
25,000
33,575
58,575
19,037
19,037
Llabilltles:
Creditors falling due within one
year
12
(6,350)
{1,800)
Net Current Assets
52.225
17.237
Net Assets
54,707
17,939
The funds of the charlty..
Unrestricted funds
Restricted funds
Total charlty funds
13
13
21,707
33 000
54,707
17,939
17,939
igned on their behalf by:
Date: 9 September 2025

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention
with items recognised at cost or transaction value unless otherwise stated in the relevant
note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities
Accounts (Scotland) Regulations 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charrty's ability to
continue as a going concern.
The financial ststements are prepared in sterling, which is the functional currency of the
charity. Monetary amounts in these fin8nci81 statements are rounded to the nearest £.
(b) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any
purpose in furtherance of the charitsble objects.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by the donor or trust deed, or through the terms of an appeal.
Further details of each fund are disclosed in note 13.
(c) Income recognltlon
Income is recognised once the charity has entitlement to the income. it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
performance before the charity is entrtled to the funds. the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is
wholly within the control of the charity and it is probable that those conditions will be fulfilled
in the reporting year.
Interest on funds held on deposit is induded when receivable and the amount can be
measured reliably by the charity,. this is nonnally upon notification of the interest paid or
payable by the bank.
Income from government and other grants. whether'capital, or'revenue, grants, is recognised
when the charity has entitlement to the funds, any performance conditions attached to the
grants have been met, it is probable that the income will be received and the amount can be
measured reliably and is not deferred.

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (continued)
(d) Expenditure recognition
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 settlement will be required and
the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs
and governance costs are allocated or apportioned to the applicable expenditure headings.
For more information on this attribution refer to note (0 below.
Expenditure on charitable activities includes governance costs and other activities
undertaken to further the purposes of the charity and their associated support costs"
Irrecoverable VAT is charged as a cost against the activity for which the expenditure is
incurred.
(e) Donated servlces and facllltles
Donated professional services and donated facilrties are recognised as income when the
charity has control over the item. any conditions associated with the donated item have been
met, the receipt of economic benefit from the use by the charity of the item is probable and
that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS
102), general volunteer time is not recognised. Refer to the trustees, annual report for more
information about their contribution.
(f) Allocatlon of governance costs
Governance costs comprise all costs involving the public accountability of the charity and its
compliance with regulation and good practice. These costs include costs related to statutory
independent examination fees.
The allocation governance costs are analysed in note 8.
(g) Tanglble flxed assets and depreclatlon
All assets costing more than £500 are capitalised and valued at historical cost. Depreciation
is charged as follows..
Basis
4 years straight line
3 years straight line
4 years straight line
Office Equipment
Computer Equipment
Cycle Equipment
(h) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
(i) Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with
short maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (continued)
O") Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
(k) Flnanclal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value with the exception of bank loans which
are subsequently measured at amortised cost using the effective interest method.
(l) Judgements and key sources of estlmatlon uncertalnty
In the application of the company's accounting policies, the Directors are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the year in which the estimate is revised, if the revision
affects only that year, or in the year of the revision and future years if the revision affects both
current and future years.
The trustees are satisfied that the accounting policies are appropriate and applied consistently.
Key sources of estimation have been applied as follows;
Estimate
Basis of estimation
Depreciation of fixed assets Fixed assets are depreciated and amortised over the useful
life of the asset. The useful lives of fixed assets are based on
the knowledge of the operations team. with reference to
assets expected life cycle.
2. Legal status of the charlty
The charity is a registered Scottish Charitable Incorporated Organisation.
3. Related party transactlons and trustees, expenses and remuneratlon
The trustees all give freely their time and expertise without any form of remuneration or other
benefit in cash or kind (2024: £nil). There were no trustee expenses paid or waived during the
year (2024: travel expenses totalling £469 were reimbursed to one trustee).
£39,000 (2024.. £33,000) was paid to trustee ￿ in relation to consultancy fees
during the year. No outstanding amounts were due at the year end.
io

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
4. Income from donations and legacies
2025
2024
other grants and donations
Hugh Fraser Foundation
William Grant Foundation- unrestricted
William Grant Foundation - St Mungos Well Athork
110,224
3,000
20.000
25.000
158,224
16,753
3,000
41,250
61,003
5. Other Income
2025
2024
Glasgow Life IT contributs.on plus sundry sale of props
& equipment
Theatre Tax
600
12,079
12,079
600
6. Analysls of expendltur8 on charltable actlvltl85
2025
2024
Consultancy fees
Other direct expenses
Governance costs (note 8)
48,951
64,488
2.100
115,539
53,598
23,079
1,300
77.977
7. Analysls of other expendlture
2025
2024
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
Depreciation
8.695
4.270
4.250
9,357
1.008
1.589
2,575
505
15.034
781
17,996
8. Allocatlon of governance
The breakdown of govemance costs is shown in the table below:
Governance costs"
2025
2024
Independent examiner's remuneration
2,100
2,100
1,300
1,300
Govemance costs are allocated to costs of charitable activities.
li

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
9. Net incomel(expenditure) for the year
This is stated after charging:
2025
2024
Depreciation
Independent Examiners fee
781
2,100
505
10. Tanglble Flxed Assets
Offlce
Equlpment
Computer
Equlpment
Cycle
Equlpment
Total
Cost
As at 01 April 2024
Additions
Disposals
As at 31 March 2025
787
924
1,711
2,561
2,561
787
924
Depreclatlon
As at 01 April 2024
Charge for year
On disposals
As at 31 March 2025
558
196
451
308
1,009
781
277
754
759
277
1,790
Net book value
As at 31 March 2025
33
165
2,284
2,482
As at 31 March 2024
229
473
702
11. Debtors
2025
2024
Accrued income
25,000
25,000
12. Credltors: amounts falllng due wlthln one year
2025
2024
other creditors
Accruals
3,350
3,000
6.350
1,800
1.800
12

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
13. Analysis of charitable funds
2024
Analysis of
Fund movements
Unrestricted funds
Glasgow Requiem Programme
Total deslgnated funds
General funds
Total unrestrlcted funds
Restrlcted funds
Community Garden Initiatives
Total restrlcted funds
TOTAL FUNDS
Fund
blfwd
Fund
clfwd
Income
Expenditure Transfers
8,282
9,534
8.282
9,534
41.065 43,850
49,347
53,384
{17,816)
(17,816)
66,976
84,792
17.939
17,939
8,219
8,219
8,219
93,011
49,347
61,603
17,939
2025
Analysls of
Fund movements
Unrestrlcted funds
General funds
Total unrestrlcted funds
Restrlcted funds
Glasgow Requiem Programme
Kelvingrove Growers Garden
St Mungos Well Athork
Total r8Strlct8d funds
TOTAL FUNDS
Fund
blfwd
Fund
clfwd
Income
Exp8ndlture Transf8rs
17.939 65,599
17.939
65,599
61,831
61,831
21.707
21.707
78,104
1,600
25 000
104,704
17,939 170,303
{70,104)
(1,600)
8,000
25,000
33,000
54,707
133,535
a) The unrestricted funds are available to be spent for any of the purposes of the charity.
The trustees have created the following designated funds:
Glasgow Requiem Programme - for a three year multistrand programme focused on
pre-industrial Glasgow.
b) Restricted funds are held for the following purposes:
Glasgow Requiem Programme - funding towards the Requiem Walk project.
Community Garden Initiatives - Funding towards working with communities to create
local community growing gardens.
Kelvingrove Growers Garden
Mainstreaming project.
Funding towards the Community Wealth Building
st Mungos Well Athork- Funding towards the cost of commissioning and installing
mosaic athork within the Well associated with St Mungo in Glasgow Cathedral.
13

D(Kusign Enveknpe ID. DOD41286-572LL407A-9760-8D2807E88FAO
APROXIMA SCIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
14. Net assets over funds
2024
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Tangible Fixed Assets
Bank
Creditors
702
19,037
1,800
702
19.037
1,800
2025
Unrestrlcted R8Strlcted
Funds
Funds
Total
2025
Tangible Fixed Assets
Debtors
Bank
Creditors
2.482
2.482
25.000
33.575
6,350
54.707
25.000
8,000
25.575
6,350
21,707
33,000
14