**Charity registration number SC049613 (Scotland)** ## **THE URBAN FOX PROGRAMME** **REPORT AND UNAUDITED CESSATION ACCOUNTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024** ## **THE URBAN FOX PROGRAMME** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** **==> picture [250 x 61] intentionally omitted <==** ## **Charity number (Scotland) Principal address** ## **Independent examiner** SC049613 Helenslea Community Hall 48 Methven Street Glasgow G31 4RB Azets Audit Services Chartered Accountants Quay 2 139 Fountainbridge Edinburgh EH3 9QG ## **THE URBAN FOX PROGRAMME** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 3| |Independent examiner's report|4 - 5| |Statement of financial activities|6 - 7| |Balance sheet|8| |Notes to the financial statements|9 - 20| ## **THE URBAN FOX PROGRAMME** ## **TRUSTEES REPORT** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ The trustees present their annual report and cessation accounts for the period ended 30 September 2024. The cessation accounts have been prepared in accordance with the accounting policies set out in note 1 to the cessation accounts and comply with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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 (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The Urban Fox Programme aims to improve the conditions of life for children, young people and families in some of the most deprived communities in the East End of Glasgow by providing access to informal learning, accredited programmes, structured youth-led sessions and recreational activities. ## **Achievements and performance** Unfortunately, the current board of trustees made the difficult decision to wind down the charity and all operations ceased on the 30 September 2024. No new programmes were provided in the period these cessation accounts cover and funds received in the period were predominantly to cover operating costs such as wages during the winding down process. Remaining free reserves after completion of the wind up process are, with the agreement of OSCR, to be distributed to related charities in the local area. ## **Financial review** The charity had income of £205,345 for the period (2023 - £367,140). The deficit for the period was £158,760 (2023 - £63,621). The charity had accumulated funds of £40,693 at the balance sheet date (2023 - £199,453). Prior to the commencement of the wind down process, the Trustees policy was to maintain free reserves, i.e. funds not committed or invested in fixed assets, at a level equating to three months’ running costs. ## **Structure, governance and management** The charity is a Scottish Charitable Incorporated Organisation, established as a charity on 19th September 2019 and is registered with the Office of the Scottish Charitable Organisation (OSCR), charity number SC049613. It is governed by its constitution. The trustees who served during the period and up to the date of signature of the financial statements were: **==> picture [483 x 198] intentionally omitted <==** Trustees are appointed annually or by the board as per our constitution. - 1 - ## **THE URBAN FOX PROGRAMME** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ Urban Fox’s work is overseen by a board of trustees. Amongst other things the board of trustees provide input to long-term goals, approve the annual objectives, finalise and approve budgets and approve the annual accounts. The board of trustees delegates authority to the Programme Manager who manages the business of the organisation. ## **Overview** This past period has been one of intense reflection and diligent work for The Urban Fox Programme, focused on continuing to rectify historical mismanagement and ensuring transparency for our community and funders. Building upon the changes initiated in 2023, the new board has prioritised restoring governance standards, upholding financial integrity, and demonstrating a strong commitment to transparency. Throughout the period, we maintained constant communication with funders, continuing to inform them of our findings and the measures taken to address the historical financial irregularities. This has included returning significant funds where there was misreporting and funds were not allocated towards intended community projects, as funders were informed. The board felt strongly that these funds should be returned so they can be reallocated in a way that will positively impact the community as funders see fit. This commitment has underpinned our decisionmaking as we worked to rectify the past failings of the organisation. In May 2024, Glasgow City Council suspended funding pending review of our 22/23 accounts. As a result, we operated on limited unrestricted funds, further challenging our financial viability. By June, it became necessary to make the VSNEG Development Worker redundant. Although this individual had worked under Urban Fox’s umbrella, their role did not directly support Urban Fox operations. This significant cost, drawn from our unrestricted funds, substantially reduced our reserves and impacted our ability to continue operating. The board continued to work with Azets to conduct an independent review of our finances, striving to correct past discrepancies and ensure current accounts reflect accurate financial data. The challenges posed by historical financial mismanagement and a previous lack of adequate governance structure made this task complex, but we endeavored to be thorough. Where documentation was incomplete, we categorised expenses as “unknown transactions,” recognising that inadequate historical records prevented further allocation. Despite our efforts to restore the organisation’s standing, it became clear that the extent of historical financial mismanagement and inadequate governance left us no sustainable path forward. The depletion of our reserves due to returned funds and the unresolved financial discrepancies have made it impossible to continue operations with integrity. After careful consideration, the board has made the difficult but necessary decision to dissolve the charity. Throughout this process, we have prioritised transparency, regularly updating OSCR, and seeking advice from professional networks. We have also worked closely with local partners to ensure our remaining resources were used to support the community as much as possible. Partnerships with Snow Camp, The Simon Community, DRC, Helenslea Hall, Movement Park, Parkhead Schoolhouse, Pinkston Watersports, Shettleston Growing Project, Greyfriars Church, Thenue Communities, Cranhill Development Trust, and Barrowfield Community Centre allowed us to contribute meaningfully to ongoing initiatives, maximising the impact of our limited remaining resources. As part of our commitment to transparency and accountability, we ensured staff wellbeing was prioritised, recognising the significant challenges they faced in dealing with issues outside their typical roles. We have kept OSCR and our funders informed at every stage, striving to rebuild trust and act with integrity throughout this difficult period. - 2 - ## **THE URBAN FOX PROGRAMME** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ In closing, while the decision to dissolve The Urban Fox Programme is deeply regrettable, it is ultimately a step we felt was necessary to honour our commitment to funders and the community. We are grateful to those who have supported us in this process, and we hope our actions demonstrate a renewed standard of governance, transparency, and responsibility within the sector. The trustees report was approved by the Board of Trustees. **==> picture [216 x 67] intentionally omitted <==** 17/02/2025 Date: ............................................. - 3 - ## **THE URBAN FOX PROGRAMME** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE URBAN FOX PROGRAMME** I report on the cessation accounts of the charity for the period ended 30 September 2024, which are set out on pages 6 to 20. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the cessation accounts in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the cessation accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the 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 cessation accounts. ## **Independent examiner's statement** In connection with my examination, the following issues have been identified: ## Accounting records and preparation of cessation accounts During the course of our independent examination it became clear that the original Board of Trustees had failed to maintain adequate accounting records for the first part of the accounting period ended 30 September 2024 in line with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. There was a lack of adequate book-keeping during the first part of the accounting period and there is evidence that there was a lack of back up documentation being retained for some transactions shown in the charity's bank statements. I note that there was a significant change in the Board of Trustees during the period and that there is now a different Board in place. I further note that steps were taken by the new Board to address these issues. As part of the cessation accounts preparation, significant efforts have been made to bring the charity's accounting records up to date with the information available. As highlighted in note 13, The current Board of Trustees also had concerns over the opening position of the restricted funds as at 1 April 2022. They therefore completed a number of transfers in the prior year based on the limited accounting records that were available to them. ## Going concern The cessation accounts have not been prepared on a going concern basis as the charity ceased to operate on 30 September 2024 and the Board of Trustees have decided to dissolve the charity. Further details regarding this decision are disclosed in both note 1.3 to the cessation accounts and the Trustees' report. - 4 - THE URBAN FOX PROGRAMME INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF THE URBAN FOX PROGRAMME In connectKJn wrth my examination. no other matters except those refe￿ed to in the previous paragraphs have come to my attention.. lal which gives me reasonable cause lo believe that in any material respect the requirements= li} to k¢ep a¢¢ounting ￿cOrdS in a¢¢ordan¢• with s¢¢tion 44111 lal of th• 2005 A¢1 and R¢gulatts)n 4 of the 2006 Accounts Regulations., and lill to pr¢paro financial ststomonls whi¢h accord with Ihe a¢￿UntIng ro¢ords and comply wilh R￿UlatI0Th 8 of the 2006 Accounts Regulations., hav• not bèèn mat or Ibl to which. in my opinion. attèntion should b8 drawn in ordar lo Onabla a propar undèrstanding of IP financial statèmènts to ba reachèd. Quay 2 139 Fountainbridg Edinburgh EH3 9QG Az*ts Audit S•rvic•s Chartered Accounlanl$ Dal•d'. ## **THE URBAN FOX PROGRAMME** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ |**Current financial period**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
3,000
-
-
3,000
Charitable activities
**4**
-
-
202,345
202,345
**Total income**
3,000
-
202,345
205,345
**Expenditure on:**
Charitable activities
**5**
65,609
62,855
235,641
364,105
**Net (expenditure)/income before**
**transfers**
(62,609)
(62,855)
(33,296)
(158,760)
Gross transfers between funds
27,892
6,351
(34,243)
-
**Net expenditure for the period/**
**Net movement in funds**
(34,717)
(56,504)
(67,539)
(158,760)
Fund balances at 1 April 2023
75,410
56,504
67,539
199,453
**Fund balances at 30 September 2024**
40,693
-
-
40,693|**Total**
**2023**
**£**
4,895
362,245
367,140
430,761
(63,621)
-
(63,621)
263,074
199,453| |---|---| The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. - 6 - ## **THE URBAN FOX PROGRAMME** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ |**Prior financial year**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
4,895
-
-
Charitable activities
**4**
45,436
-
316,809
**Total income**
50,331
-
316,809
**Expenditure on:**
Charitable activities
**5**
147,965
14,529
268,267
**Net (expenditure)/income before transfers**
(97,634)
(14,529)
48,542
Gross transfers between funds
8,319
24,883
(33,202)
**Net expenditure for the year/**
**Net movement in funds**
(89,315)
10,354
15,340
Fund balances at 1 April 2022
164,725
46,150
52,199
**Fund balances at 31 March 2023**
75,410
56,504
67,539|**Total**
**2023**
**£**
4,895
362,245
367,140
430,761
(63,621)
-
(63,621)
263,074
199,453| |---|---| - 7 - ## **THE URBAN FOX PROGRAMME** ## **BALANCE SHEET** ## _**AS AT 30 SEPTEMBER 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**13**
Unrestricted funds
Designated funds
**14**
General unrestricted funds
**15**|**2024**
**£**
4,419
88,983
93,402
(52,709)
-
40,693|**£**
-
40,693
40,693
-
40,693
40,693|**2023**
**£**
-
184,907
184,907
(41,958)
56,504
75,410|**£**
56,504
142,949| |---|---|---|---|---| |||||199,453| |||||67,539
131,914| |||||199,453| 17/02/2025 The cessation accounts were approved by the Trustees on ......................... **==> picture [189 x 58] intentionally omitted <==** - 8 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **1 Accounting policies** ## 1.1 **Reporting period** The current trustees decided during the period to wind down the charity and the charity ceased all operations on 30 September 2024. On this basis the charity's reporting period was extended by six months to end on 30 September 2024 and these set of cessation accounts are made up for a period of 18 months. The comparative amounts presented in the cessation accounts (including the related notes) are not entirely comparable as they represent a 12 month period. ## **1.2 Accounting convention** The cessation accounts have been prepared in accordance with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The cessation accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these cessation accounts are rounded to the nearest £. The cessation accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.3 Going concern** The charity ceased to operate on 30 September 2024. These cessation accounts have therefore not been prepared on a going concern basis. All fixed assets held have been impaired to a nil book value and provisions have been made to cover the expected costs of winding down the charity. ## **1.4 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.5 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income received under contract or where entitlement to grant funding is subject to the performance of specific activities is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. - 9 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.7 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |Plant and equipment|20% on cost| |---|---| |Fixtures, fittings and equipment|25% on cost| |Motor vehicles|20% on cost| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.8 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - 10 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **1.11 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.12 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees 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 period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Given the limited information that is available from the poor accounting records maintained for the first few months of the accounting period, the current trustees have used their judgement in the allocation of certain areas of expenditure. There is therefore a degree of estimation involved in calculating the split of unrestrictred and restricted expenditure and the resulting period end fund balances. The trustees are satisfied that the splits are reasonable and are based on the most appropriate knowledge and information that was available to them. - 11 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ |**3**
**Donations and legacies**
**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Donations and gifts
3,000
4,895
**4**
**Charitable activities**
**Total**
**Total**
**2024**
**2023**
**£**
**£**
Earned income
-
7,932
Grants received
202,345
354,313
202,345
362,245
**Analysis by fund**
Unrestricted funds - general
-
45,436
Restricted funds
202,345
316,809
202,345
362,245
**Performance related grants**
The National Lottery
-
18,835
BBC Children in Need
-
10,400
Glasgow Helps
-
24,500
GCVS
-
17,040
GCC - CHFP & GCF
186,495
176,294
Gannochy Trust
10,000
10,060
Cash for Kids
5,850
21,640
Cycling Scotland
-
19,040
Cycling UK
-
4,000
Other
-
52,504
202,345
354,313|**3**
**Donations and legacies**
**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Donations and gifts
3,000
4,895
**4**
**Charitable activities**
**Total**
**Total**
**2024**
**2023**
**£**
**£**
Earned income
-
7,932
Grants received
202,345
354,313
202,345
362,245
**Analysis by fund**
Unrestricted funds - general
-
45,436
Restricted funds
202,345
316,809
202,345
362,245
**Performance related grants**
The National Lottery
-
18,835
BBC Children in Need
-
10,400
Glasgow Helps
-
24,500
GCVS
-
17,040
GCC - CHFP & GCF
186,495
176,294
Gannochy Trust
10,000
10,060
Cash for Kids
5,850
21,640
Cycling Scotland
-
19,040
Cycling UK
-
4,000
Other
-
52,504
202,345
354,313|**3**
**Donations and legacies**
**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Donations and gifts
3,000
4,895
**4**
**Charitable activities**
**Total**
**Total**
**2024**
**2023**
**£**
**£**
Earned income
-
7,932
Grants received
202,345
354,313
202,345
362,245
**Analysis by fund**
Unrestricted funds - general
-
45,436
Restricted funds
202,345
316,809
202,345
362,245
**Performance related grants**
The National Lottery
-
18,835
BBC Children in Need
-
10,400
Glasgow Helps
-
24,500
GCVS
-
17,040
GCC - CHFP & GCF
186,495
176,294
Gannochy Trust
10,000
10,060
Cash for Kids
5,850
21,640
Cycling Scotland
-
19,040
Cycling UK
-
4,000
Other
-
52,504
202,345
354,313| |---|---|---| |||| ||**Total**|**Total**| ||**2024**
**£**
-
202,345
202,345
-
202,345
202,345
-
-
-
-
186,495
10,000
5,850
-
-
-
202,345|**2023**
**£**
7,932
354,313| |||362,245| |||45,436
316,809| |||362,245| |||18,835
10,400
24,500
17,040
176,294
10,060
21,640
19,040
4,000
52,504| |||354,313| - 12 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **5 Charitable activities** |Staff costs
Depreciation and impairment
Insurance
Postage, printing & stationery
Workshop and support costs
Programme
Staff training and expenses
Volunteer expenses
Bank charges
Equipment & maintenance
Subscriptions
Events & excursions
Resources
Food parcels, deliveries & vouchers
Hotel & travel costs
Advertising
Residential
Office costs
Rent
Unknown transactions
Funds returned to grant providers
Glasgow Helps expenditure
Loss on sale of van
Share of governance costs (see note 6)
**Analysis by fund**
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds|**Total**|**Total**| |---|---|---| ||**2024**
**£**
175,762
60,935
1,643
280
7,479
-
1,444
-
126
1,337
2,046
11,419
-
9,837
11,262
312
688
588
6,338
2,556
22,497
1,000
1,920
319,469
26,530
364,105
65,609
62,855
235,641
364,105|**2023**
**£**
185,861
14,529
3,420
-
8,576
6,953
2,987
2,221
187
170
920
53,048
3,711
27,696
21,665
699
7,683
2,280
3,770
43,274
30,217
-
-| |||419,867
10,894| |||430,761| |||147,965
14,529
268,267| |||430,761| - 13 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **6 Support costs** |Independant examination fees
Accountancy fees
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
3,000
-
23,530
-
26,530
-
26,530|**2024**
**£**
3,000
23,530
26,530
26,530|**2023**
**£**
3,000
7,894| |---|---|---|---| ||||10,894| ||||10,894| ## **7 Trustees** , both trustees, received £6 (2023: £nil) and £27 (2023: £7) respectively in funds from the charity for expenses during the period. , both trustees, received £nil (2023: £600) and £nil (2023: £4,964) respectively in funds from the charity for expenses during the period. was also reimbursed a total of £nil (2023: £55) for voucher costs. ## **8 Employees** The average monthly number of employees during the period was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
6
**2024**
**£**
168,658
4,442
2,662
175,762|**2023**
**Number**
11| |---|---|---| |||**2023**
**£**
175,594
8,492
1,775| |||185,861| There were no employees whose annual remuneration was more than £60,000. - 14 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **9 Impairments** Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss: ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |In respect of:||| |Property, plant and equipment|60,935|-| The charity ceased to operate on 30 September 2024. All fixed assets held have been impaired to a nil book value. ## **10 Tangible fixed assets** |**Tangible fixed assets**||||| |---|---|---|---|---| ||**Plant and**|**Fixtures,**|
**Motor vehicles**|**Total**| ||**equipment**|**fittings and**||| |||**equipment**||| ||**£**|**£**|**£**|**£**| |**Cost**||||| |At 1 April 2023|32,281|6,197|51,175|89,653| |Additions|9,900|5,451|-|15,351| |Disposals|-|-|(11,700)|(11,700)| |At 30 September 2024|42,181|11,648|39,475|93,304| |**Depreciation and impairment**||||| |At 1 April 2023|5,015|3,669|24,465|33,149| |Impairment losses|37,166|7,979|15,790|60,935| |Eliminated in respect of disposals|-|-|(780)|(780)| |At 30 September 2024|42,181|11,648|39,475|93,304| |**Carrying amount**||||| |At 30 September 2024|-|-|-|-| |At 31 March 2023|27,266|2,528|26,710|56,504| More information on the impairment arising in the period is given in note 9. - 15 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ |**11**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**12**
**Creditors: amounts falling due within one year**
To be returned to funders
Accruals and deferred income|**2024**
**£**
4,419
**2024**
**£**
40,603
12,106
52,709|**2023**
**£**
-| |---|---|---| |||**2023**
**£**
32,718
9,240| |||41,958| ## **13 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 April 2023**
**£**
The National Lottery
10,546
Glasgow Helps
1,000
GCVS
2,640
GCC - CHFP & GCF
30,057
Gannochy Trust
11,000
Cycling Scotland
12,296
Cash for Kids
-
67,539|**Movement in funds**
**Income**
**Expenditure**
**£**
**£**
-
(10,546)
-
(1,000)
-
(2,640)
186,495
(216,552)
10,000
(435)
-
(2,396)
5,850
(2,072)
202,345
(235,641)|**Transfers**
**Balance at**
**30 September**
**2024**
**£**
£
-
-
-
-
-
-
-
-
(20,565)
-
(9,900)
-
(3,778)
-
(34,243)
-|**Transfers**
**Balance at**
**30 September**
**2024**
**£**
£
-
-
-
-
-
-
-
-
(20,565)
-
(9,900)
-
(3,778)
-
(34,243)
-| |---|---|---|---| ||||-| - 16 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ |**13**
**Restricted funds**
**Balance at**
**1 April 2022**
**£**
Adapt and Thrive
12,476
The National Lottery
15,696
Bank of Scotland
5,867
Cycling UK
5,985
Peoples Postcode Lottery
6,400
BBC Children in Need
5,775
Glasgow Helps
-
GCVS
-
GCC - CHFP & GCF
-
Area Partnership
-
Robertson Trust
-
Gannochy Trust
-
Cash for kids
-
Cycling Scotland
-
Arnold Clark
-
Culture and sport
-
52,199|**Movement in funds**
**Income**
**Expenditure**
**£**
**£**
-
-
18,835
(16,252)
-
(5,867)
4,000
(3,867)
-
(6,400)
10,400
(20,300)
24,500
(16,000)
17,040
(11,250)
176,294
(146,237)
3,500
(3,500)
5,000
-
10,060
(10,060)
21,640
(21,640)
19,040
(6,744)
1,000
(150)
5,500
-
316,809
(268,267)|**(Continued)**
**Transfers**
**Balance at**
**31 March 2023**
**£**
**£**
(12,476)
-
(7,733)
10,546
-
-
(6,118)
-
-
-
4,125
-
(7,500)
1,000
(3,150)
2,640
-
30,057
-
-
(5,000)
-
11,000
11,000
-
-
-
12,296
(850)
-
(5,500)
-
(33,202)
67,539|**(Continued)**
**Transfers**
**Balance at**
**31 March 2023**
**£**
**£**
(12,476)
-
(7,733)
10,546
-
-
(6,118)
-
-
-
4,125
-
(7,500)
1,000
(3,150)
2,640
-
30,057
-
-
(5,000)
-
11,000
11,000
-
-
-
12,296
(850)
-
(5,500)
-
(33,202)
67,539| |---|---|---|---| ||||67,539| ## **Restricted reserves comprise the following:** - **Adapt and Thrive** Funding to support a bid writer to support future applications to potential funding and to strengthen our social media presence and update our webpage. - **The National Lottery** Funding for a Development Officer, sessional staff, venue hire and activities over 3 years to include a programme of educational activities including Young Drivers, Snow Camp, Duke of Edinburgh and Go Cycling **Bank of Scotland** - Cost of a cycle co-ordinator, bike parts and cycling training courses. - **Cycling UK** Scotland Cycle Repair Scheme Funding. **Peoples Postcode Lottery** - Funding for a Freelance Cycle Coordinator. **BBC Children in Need** - Grant to provide youth activities with a focus on health and wellbeing. - **Glasgow Helps** Funding for VSNEG as an associated project to work with a consortium of partners to manage referrals and provide face to face engagement with customers who are vulnerable, needing some support and an immediate response to assist them with their needs. **GCVS** - Funding for cycling training and to deliver supported cycle rides to local communities, along with producing promotional materials. - 17 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **13 Restricted funds** ## **(Continued)** **GCC - CHFP** - Funding to feed young people who access our programme. The funding allows for the preparation of food and also activities to enhance services during school holidays. **GCC - GCF** - Funding for core project costs to deliver a youth engagement programme within 6 communities covering the North East and South sector of Glasgow. Funding also included to cover the core costs of the VSNEG (Voluntary Sector North East Glasgow) Capacity Building Officer, who provides the voice of the third sector organisations within the North East of Glasgow. **Area Partnership** - Funding to cover the costs of a Christmas party. **Robertson Trust** - Purchase of a van. **Gannochy Trust** - Funds to deliver an outward bound accredited mentoring programme. **Cash for Kids** - Various grants to help with the cost of living. - **Scottish Cycling** Funding to increase access to cycling through cycling training and equipment, including bikes for our cycle loan scheme. **Arnold Clark** - Funding to support the community during the cost-of-living crisis. **Culture and Sport** - Go Cycle scheme to purchase bike containers at Castlemilk and Barlanark. ## **Transfers** In the current period, there have been a number of transfers. These are for funds where grant givers have confirmed that they do not wish the return of underspent funds and that the funds can be allocated to the general fund. In the prior year, due to issues in 2023 with regards to record keeping, as part of the preparation of those financial statements, the current trustees have approved a number of transfers within restricted and unrestricted funds to bring those funds to their best estimate of the correct position as at 1 April 2023. ## **14 Designated funds** Fixed Asset Fund - represents the net book value of the Charity's tangible fixed assets. Depreciation is charged to the fund and additions are transferred to it. |**Balance at**
**1 April 2023**
**£**
Fixed asset fund
56,504
**Balance at**
**1 April 2022**
**£**
Fixed asset fund
46,150|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**30 September**
**2024**
**£**
**£**
**£**
**£**
-
(62,855)
6,351
-
**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31 March 2023**
**£**
**£**
**£**
**£**
-
(14,529)
24,883
56,504| |---|---| - 18 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **15 Unrestricted funds - general reserve** These are unrestricted funds which are material to the charity's activities made up as follows: ||||**Movement in funds**|**Movement in funds**|**Movement in funds**|**Movement in funds**||| |---|---|---|---|---|---|---|---|---| |||**Balance at**|**Income**||**Expenditure**||**Transfers**|**Balance at**| |||**1 April 2023**||||||**30 September**| |||||||||**2024**| |||**£**|**£**||**£**||**£**|**£**| ||General reserve|75,410|3,000||(65,609)||27,892|40,693| ||||**Movement in funds**|||||| |||**Balance at**|**Income**||**Expenditure**||**Transfers**|**Balance at**| |||**1 April 2022**||||||**31 March 2023**| |||**£**|**£**||**£**||**£**|**£**| ||General reserve|164,725|50,331||(147,965)||8,319|75,410| |**16**|**Analysis of net assets between funds**|||||||| |||**Unrestricted**|||**Designated**|**Restricted**||**Total**| ||||**funds**||**funds**||**funds**|| ||||**2024**||**2024**||**2024**|**2024**| ||||**£**||**£**||**£**|**£**| ||Fund balances at 30 September 2024 are|||||||| ||represented by:|||||||| ||Current assets/(liabilities)||40,693||-||-|40,693| ||||40,693||-||-|40,693| |||**Unrestricted**|||**Designated**|**Restricted**||**Total**| ||||**funds**||**funds**||**funds**|| ||||**2023**||**2023**||**2023**|**2023**| ||||**£**||**£**||**£**|**£**| ||Fund balances at 31 March 2023 are represented|||||||| ||by:|||||||| ||Tangible assets||-||56,504||-|56,504| ||Current assets/(liabilities)||75,410||-||67,539|142,949| ||||75,410||56,504||67,539|199,453| - 19 - ## **THE URBAN FOX PROGRAMME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 30 SEPTEMBER 2024**_ ## **17 Related party transactions** ## **Transactions with related parties** During the period the charity entered into the following transactions with related parties: ||**Purchase of goods**|| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Other related parties|-|275| - 20 -