Charitytegi$tratlon numberSC05196515cotlandl FERSANDS & FOUNTAIN SCIO ANNUAL REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FERSANDS & FOUNTAIN SCIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Charty numberlScot13ndl SCO51965 Prlnclpal address Woodslde Fountlal Centre Marquis Road Aberdeen5hi Scoiland AB24 2QY Auditor Whitelawwells Edinburgh EH3 6AT Key Mana8rnenl Pesonnel FERSANDS & FOUNTAIN SCIO CONTENTS Trusteesreport Staterneni of Trustees responsibilities Independent auditor's report 9-11 Statement offin3ncial activities Statement of financial position Staternent of cash flows 14 Note5 to thefinancial Statements 15-33 FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Tru5tee5 presenttheirannual report and financial statementsfor the ye3rended 31 March 2024. The financial statements have been prepared in accordance with the accounting policie5 set out in note i to the financial statements and comply with the Ch3ritV'5 governing document, the Charities and Trustee Inve5trnenl (Scotlandl Art 2￿5, the Charities Accounts 1Scotlandl Regulations 2ffl6 las amended) and 'Accountin8 and Reportin8 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 IFRS 1021 leffecrive l January 20191" ChanEe of legal stot115 to a Scottish Charitsble Incorporated Organi53tion ISCIOI Fersands & Fountain SCIO ISCO519651 was registered with OSCR on the 29 August 2022 and w35 established to repla Fersands & Fountain Community Project ISC0266901. In l April 2023. the asset and liabilites of Fersands & Fountain Community Project were transferred over to Fersands & Fountain Community SCIO. At the start of the year, the Fersand5 & Fountain Community Project ceased to be registered as a charity. These financial st8tements have been prepared using merger 8ccountln& In attordance wlth the Charity SORP. Merger accountin8 involve5 a8gregating the assets, liabilitie5 and funds cl the combining charitie5 and presenting them as though they had always been part of the Same reporting charity. Although the merger may h3ve taken place part way through reporting period, the financial statements must be drawn up to include the results ot the combining charitie5 for the whDle of the reporting period in which the merger occurred. Further financlal Information is given in Note 24 on pages 30 and 32. Oblectlves and activit4e5 The alm of Project Is to promote the benefit of the Fer5aTrds & Fountaln Community by asso¢i3rlng the locèl authorities, voluntary organi5ations and inhabitsntg in 3 cornmon effort to advance education and provide facilities, in the interest of social welfare, for rÈtrÈation and other leisure time occupation with the object of improving the conditions of lrfÈ for the aforementioned inhabitant5 and in furtherance thereof. FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (coTrifiNUEDI FOR THE YEAR ENDED 31 MARCH 2024 SiKnificant a¢tyvitie5 Adultwork and learnln& Advlce and Informatlon 5eNlce$ The Project SUPPOrt adults from the community in many ways. Often. we are the first stop for members of the public and we tan sign post the most appropriatÈ service. ￿ 411 covncil 5ervice5 previously available in the buildlng have stopped, many rnernbers of the pub5ic find that Fersands is the only available sour£e of help. We often Signpost people with more complex issues to other agentie5 and 5UPPOrt networks such as Citizen Advice and AbÈrdeen Qty Benefits teèm. Youth Work We put on sessions for youth5 tc use as they need in a safe space where they come to learn new skills, grow in Eonfidence, socialise and develop a good working relationship with their peers as well as the èmazing youth work staff. Our team of 8- including 2 music tutors and 6 youth workers have the most rewardingjob, supporting the youths.. giving the next generation io carve their own paths. Providing 5 youth group5 a week rnean5 instead of teenagers hanging out on the streets. they hÈvÈ opportunitie5 to learn valuable skills and 4 chance to work towards their future goals. In their developed Èroup5, they participate in decision makinE. Where they choose activities as a team supported by stèff, to create their weekw prograrnme. Football, game5 night, swimming, transition extreme are just a few of the popularthoicesthatthe youths gain confidence + Erow in self-e5teern after completing these challen8es as a group. Juniorclub Every week we offer a Junior Club for pl-3 and p4-7 Children. Èath for two hours. We also offer a Sports club for thèse ag groups on a Thursday for an hour and a hèlf, and two hours Art club for p4-7. There the kids have tried many games ond sports including Volleybwll, Football. and Badtninton, Dodgeball. The love creating obstacle cour5e5 aad racing around them. We have seen how the children learn to take instruction and improve their sports 5kill5. Familycentre Family Centre Nursery & Me Twos services continue to be busy. offering se￿iceS to forty farnilies. These services are usuallv open 7.45 till 12.30 and from I till 5.45. NuTserythildren ère actively invol￿d in thÈ community. We regularly have healthy snacks and lunch at the Fersands Café, visit harity shop to buy some new resource5 ond use the pantryi which help5 U5 cut down the costs for play food. We were very fortunate to be able to get a Smartboard for our nursery classroom. It enables chTldren access wlder range of learning opportunitie5 whilst learning how to use technology safely. Here are children playing conD￿tfOUr. Pantry A recent surwey suggested that all members of the Pantry think they $3ve between £15 and £20 per week w￿h the dea15 they get at the Pantry. Around eighty member5 use this service every week so collectively they could be Saving a5 rnuch 45 £800 per vear. So, Members hwe more money in thelr pockets to spend on other essentials and in other local shops and businesses. Fersands Café and Chaylty Shop By providing this Shop it en3ble5 U5 to offer an affordable option to essential good5 like homeware and clothlng. as well a5 offering volunteering opportunitie5 and Taising vital fund5 to help u5 continue ourser¥i£es. We are alway5 looking for donations of clothin8, toys, furniture and Homeware. We will a150 tske electrical Baods and hwe them PATtested for resale. FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Publicbenefit The Trustees have paid due regard to guldance Issued bythe Charity Commlssion In de¢idingwhat aClwitSes the Charity should undertake. Achievements and perfomianee Adultworkand learninEI Advice and Information Sewvices We still have a strong Art & Craft group meeting every week to experiment Ènd increase their skills iri a ran8e of craft rnaterials and mediums. Ten members have been meeting and creating piece5 that can be 501d at gala day5 and community events to bring money back to the group. Thls is è voluntarily run group wth several rnembers taking responsibility to make plans and artivities open to the comtnunity. Visitor5 to the trntre can see some of their wonderful and creative art work decorating the Corridors. Our Zumbè class offers an energetic and Fun exercise sessions open to all fitness levels and dance abilities. Come and have some fun with friends rneet new people and feel better. Youth Work The young promotors project finished after hostlng several sv¢cessful community arts and events In Ehe community in partnership wlth North East Arts Tourlng. A new grDUP talled the Protn Cornmittee are now organising a sumrner prom for the young people that rnissed out on their junior and senior proms because of the pandemic. A small group of young peoplÈ wmpleted 3 6 week course in Podcasting in partnership with SHMU FM. SHMU feedback YOUTHS"Learned new skills with set UP Erew in confidence, Speaking into the microphone" 'has gave me opportunities to join different groups in the future" WORKER"despite low numbers there was so many great outcomes- it was è great group to work with, gained new confidence and communication skills Juniorclub This service for five- to tWelve-year￿1ds have aKvay5 been an import3nt Part of our project. By providing free 3ttractive opportunities where all young people can take part in activitie5 that inforrn them, challenge thern, and rnake them work together . we reduced Inequallty. We help children and familie5 new to the are4 integrète quickly with new friends. By providirig free children'5 activitie5, residential experiences we give entertainment and joy for young people but also take pre55ure off p3rentS a5 they don't have to find money to keep chlldren busy. We give chlldren somethlng to look forward to everyweek. We involve parents and build relations that help us offer more support to parents in most need when required. Famllycentre As part of our improvement plan- partnershlps with parents. we held a training sesslon on Schematic Play and Makaton for parents and carers. Nursery children are learnin8 to communicate using Makaton and have been observed using it at home too. We have been able to invite parents for-stay and Play"se5sions, bcth children and parents Iuved this expèrience and are willing to be regularly involved in the learning of their children. We were very fLlrtunate to be to get a Srnartboèrd for our nursery classroom It enable5 children acce55 wider range of learning opportunities whilst learning how to use technology safely. Here are chlldren playing connect four. Pantry The pantry service brings people together from all over Woodside and offers somÈthin8to many familles from 311 different backgrounds and shows how diverse gur comrnunity is. current￿ we have over 15 n£tionalities Using the 5ervire. The Pantry ¢oncept was to offer an alternative to food banks, akhough they can help In an ernergenryi they do not work long terrn, and 50me becorne dependent on the Mind for sorne it has stigrna attached. This 15 an alternative solution offering people some choice and dignity as all members get the shopping experience while choosing what they want. k can save families considerable money from their weekly food shops helping them cope better on tight budget. FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fer5ands Café and Charityshop In April one of our volunteers become the cafe manager and they now support a small team of volunteers tc ensure the smooth running of our fab cafe. From the 1st of July we put on a small charge of £1.50 per meal to enable us to contlnue offerlng 3 fantasrlc se￿te to the communlty. By providin8 charity shop it enable5 U5 to offer an affordable option to essential 8ood5 like hDmeware and clothin& as well as offering volunteering opportunitie5 and raising vital funds to help us continue our servi￿5. Flnanclal revlew Printipal fundlngsounes The prinopal fundingsources for the charity is currently by way ofgrant and contract incorne from Aberdeen City Council. The Charlty has received fundln8 from the fallowing duringthe year:. Aberdeen City CDuncil Aberdeen Earlyyearschildcare Partnership Fairer Aberdeen Fund Sure Start Muslc Pjorthsound C85hfor Kids Youthlink Scgtl4nd NHS Grampian BBC Children in Need The Electri￿1 Safety Awards for All Khyber Turcan Connel STV Appeal RDbertsonTrust Big Loterry Tesco CFINE ASDA ReservespolKy It 15 policy of the charity to spend all Df its annual Brants in lurthering the aims and otijectivÈs of the Projett withln the year. Only part5 of the building fund which is alloc4ted for future building expenditure tnay be used fDr different purpose5 if the Committee unanimously agree at special meeting. The charity has considered the reserves required and have taken into account their current and future li3bilitie5. The trustees alm to malntain free reserves In unrestricted funds èt a level which equates to approximately three months of unrestrlcted haritable ExpenditurÈ which is approxirnately £120,000. The trustees consider that this level will provide sufficient funds to resporid to applications for grants and ensu￿ that support and governance cost5 are covered. The balance held as unrestricted funds at 31 March 2024 was E167,81012023.. £195.1491 and the balance held for restritted funds was £230.67312023.. E155.8501. TherÈ are E147,64012023.. £180,479) which all are regarded as free Teserves. after allowing for fund5 tied up in tangible fi¥ed asset5 and investmerit5 and designated funds. Actual 3 rnonth cash payment5 totalled £145,86212023..E146,0601. FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Rlsks The Tru5tee5 are in ongoing reviews the major ris￿ to whlch the Project 15 exposed and where necessary procedures have been established to mltlgate those risks. Princlple ri5k5 identified for the Prolett and attion to mitigate these ri5k5'. Income and Financial 5ustalnability. The project will review its income and reserves to ensure it is able to achieve its 5trategi¢ objertives and m4int3in its operations. Significant external risks to funding have led to the continued dlversification of funding and actiwries. Governan The Projett ensures that we have adequate Eavernance at the management commtttee, senior management and operational leveL4. Identify any conflicts of interest and place procedures to resolve. SafeguaTding We ensure that all staff and volunteers that have contzct with vulnerable person have an up to date PVG certification and ensure that two reference5 are taken for any new empkyee5. Cyber$¢twity We have en8aged with the local IT firm North East Perlpherals Ltd for repair5 and secyrity problerns. We are using Norton Security for internet and devices security. Data protection and GDPR Ensurethat policie5 and procedures are up to dated and every person In organisation cornplleswlth ￿ty$latiOn. Plans for future periods The prolectwill continue to provide seN¢es for the local cornmunity in cooperatlon with Aberdeen City Council. We need to need to secure a lon8 term agreement on our accommodation and work with Aberdeen City Councll to reach an agreeable 501ution to the management of Wood5ide Fountain Centre. Thi5 will lead us to further develop our lease agreement5 and look at possible income frorn letting out space. We plan to continue to support the Family Centre and Nursery. We have several new children and families every year, and we need to ensure they have a good Sntroduction to the services 50 we can build number5 and secure funding at the sarne time a5 offering a high-quality Service. The café Service will be reviewed to look at C05t5 Of employlng 8 cook and the bng-term viability. Youth work and Junior Club funding wlll be dlscussed. We will develop work plans for each area of work. We will lotsk at the Pantry and Charity shop to see If we can further develop these services or generate more income. Structurep governance #hd mana8ement Fersand5 and Fcunt4in SCIO wa5 incorporated as a Scottish Charitable Organisation and wa5 re¢ognlsed by OSCR as a charlty with effeci from the DI April 2023. The charity is administrated in aCCDrdance wlth the terrn5 of its Constitution. FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Thp Trustpp4 who 5p.rved during the year and up to the date of 5.. nature of the fin3niial statements were.. Reciuitment(Fnd tFppointrnentof trustees All rnanaEernent committee members are eletted from pijbllc meeting hÈld every 18 month$25 5iated Sn the constltution. All members ol the community covered by the document i.e. Sandiland Drive, Ferrier Crescent, Ferrier Gardens, Marquls Road. Barron Street. Lower Western Road, 302-354 Great Northern Road and 7 St Machar Drwe will be entitled to be nominated for election. The prolett partlculady wdcornes norninations by servi￿$ users who have an interest and understanding of the Project. No ernployees ttf the Projert cin be elected to the committee. Trustees ol the SCIO can be eletted at the annual AGM & Election. All irustees must be over 16 and live within the project boundarie5. Once eletted the trustees will meet with the Project Coordinator and go through the Trustees -code Of Conducy, whlch di5CU55e5 the Fde5 ond responsibilities of trustees within the Fersands and Fountain SCIO. ThÈ trusteÈs moÈt Èvèry monthto di5CU55 management issues and trainin8 may be or8anized atthe request of theTrnstÈe5. Trustee5 wlth the role of Chalr or Treasurer wlll be offered separaie tralnlng on thelr roles. All Trustees will be asked to cornplete PVG checks. All trustees w511 sign Confidentiality a8reements. After 12 months the Trustees will resign at the AGM but maybe re eletted. Orgonisuuonol strurtu The charity trustees for the purpose of ch8rtty law arE known 35 rnernbers of the Managernent Cornmittee. Under the requirements of the constitution, the members of the Management Committee are elerted tts Serve L8 months as 5tsted in the corbstitution. All members of the Management Commlttee wlll be Invlted to a rnonthly meetln8 to deal wlth the bu51ne55 of the Project. Sub groups will be formed where rnernbers can discuss ￿SUeS and gather information before Month￿ meetings. All members will be invited to meet the Coordinator to discuss Committee Busines5 before or after meetin8S. Rolat￿l￿rt During the wr. no 120231- onel trustee WJS provlded with £NII, 12023.. £2501 of drivSn8 lessons as parr of the personal developrnenl scheme for volunreers,. and nD120231- one) Irustee was relfflbur5ed Expefi5es cf Enll12023- £501 FERSANDS & FOUNTAIN SCIO STATEMENT OF TRUSTEES RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 Trustees, responslbilitles In relationtsthe financial statements The Trustees are responsible for preparingthe Trustees Report and the financièl st8tements in accordance with appllcable law and United Kingdom Accounting Standard5 Iunited Kfjngdom Generalty Accepted Accounting Practicel. The law applicable to charities in Scotland Tequires the Trustees to prepare financial statemènts for each finan¢ial year whKh 8ive a true and fair view of the state of affair5 01 the Charity and of the incoming resources and application of re50urre5 of the Charity forthat year. In preparing these financial statements. theTrustees are required to.. select suitable accounting polic¥es and then applythem con515tenttvp - observethe methods ènd princlples in the Charities SORP., m3kejud8ernents and e5timatesthat are reasonable and prudent., state whether applicable acttsuntin8 Standards have been folk)wed, subjert to any rnaterial departures dist105ed and explained in the financial statements,. and prepare the financial rt4ternents on the 8oing concern basis unless it is inappropriate to pre5urne that the tharity will ontinue in operation. The Trustees are responsible for keeping sufFioent accountin8 records that disclose with reasonable accuracy at any time th financial p051tion of the Charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment15cotlandl Act 2005, the Charlties Accounts (Scotlandl Regulatlons 2Q￿ las amendedl and the provlsions of the trust deed. They are also responslble for safeguarding thÈ assets of thÈ Charlty and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Statement as to dlsdosure of infomiatlon to audito So far as the tru5tee5 are aware, there is no relevant audit Information of which the charity's auditors are unaware, and each trustee has t8ken all the Steps they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information. The13w applicable to charities In Scotland requires the Trustees to prepare financi31 statements for each financial year whlch give a true and fair view of the stste of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparingthesefin3ncial statements. the Tru5tee5 are required to.. select suitable accounting policie5 and then apply them consIStent￿. ob5ervethe rnethod5 and principles in the Charities SORP; makejud8eTnents and estimates that are reasonable 2nd prudent; state whether applicable accountin8 Standards have been followed. subie£t to any material departures di5cksed and explzined in the financial staternents,. and prepare the financial statements on the goin8 Concem basis unless It is inappropriate to presume that the charity will contSnue In operatS0n. The TTU5tee5 are responsible lor keeping sufficient accounting record5 that disclose with rea50n4ble accuracy at any time the lin3ncial position of the Charity and enable them to ensure that the lin3ncial statement5 comply with the Charities and Trustee Investment (Scotlandl Act 2005. the Charities Accounts (Scotlandl Regulations 2006 and the provision5 of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps f¢Jr the prevention and detettion of fraud and other irregularities. FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT IcoNfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Th*, Tril£ti'i'% rppnrl was ar.prcved bythe Board ofTrustees. Tw5tee Date.. FERSANDS & FOUNTAIN SCIO INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OF FERSANDS & FOUNTAIN SCIO Oplnlon We have audited the fi'nancial statements of Fersands & Fountain SCIO Ithe'charitrfl for the year ended 31 March 2024 which comprise Statement of Financlal Attivitie5, the Balance Sheet and notes to the financial statements. Including a summary of Significant accountin8 policies. The financial reporting framework that has been applied in their preparation Is applicable law and United Kin8do(n Accounting Standards, Including FRS102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Pratticel. In our opinion, the fi'nancial statements.. give a true and lair view of the state of the charit(s affairs as at 31 March 2024 and of it5 incornin8 resources and 3pplication of resources. for the yearthen ended. havè been properly prepared in accordance with United Kingdom Generally Accepted Atcounting PratticÈ.' and have been prepared in accordance wlth the Charities and Trustee Investment (Scotlandl Act 2005 3nd regulation 8 of the Charities Accounts Istotlandl Regulation5 2006. Basis for opinion We conducted our audit in accordance with the International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under thosÈ 5tandard5 are further described in the Auditorfs responsibllitles for the audit of the financi31 staternents settion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, Including the FRC'5 Ethic31 Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evldence we have obtained is sufficient and appropriate to provide a basls for our oplnlon. Conclusions relatinEtogoing concern We have nothln8 to report in respect of the following matters in relation to whlch the 15As IUKI require us to rewrt to you where., the Trustees, use of the going concern basls of 8Cttsunting in the preparation of the financial statements is not appropriate,. the Trustee< have not disclosed in the financial statement5 any identified Material uncertainties that may cast significant doubt abcut the charitvs ability to continue to adopt the going concern basis of accounting for a perlod of at ￿3st twelve months frDm the date when the finanrial statements are authori5ed for issue. Other Inform￿0￿ The other Information comprlses the information in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible forthe other information. Our opinion on the financial statements does not cover the other informètkjn 2nd we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially incon515tent with the financial statements or our knowledee obtained in the audit or otherwise appears to be materially rnisstated. If we identify such materlal inconsistencies or apparent material rni55tatement5. we are required to determine whether there is a material misstatemeni in the financial 5tatetnents or a materi41 mi55t3ternent of the other information. If. based on the work we have performed, we conclude that there is a rnaterial misstatement of this other inforrnation. we a required to report that fatt. We have nothingto report in this regard. FERSANDS & FOUNTAIN SCIO INDEPENDE￿ AUDITOR'S REPORT ICONTINUEDI TOTHETRUSTEES OF FERSANDS & FOUNTAIN SCIO Matters on which we are required to report by eX￿PIloTh We have nothing to report in respert of the following m4tters in relation to whtch the Charitie5 A¢¢ouDts (Scotlandl Regulatlon$ 2006 regulres us to report to you if, in our opinion-. the information given in theTrustees' report Is inconsistent In any matenal respert wlth the financial statements- or sufficient accounting record5 have not been kept,, or the financial statementsare not In agreÈmÉntwith rhe accounting records ènd returns,. we have not received all the Informatlon and explanatSonswe requlre forour audSL REspon5ibilitit5 of Trustees As explained more fully in ihe Trustees. responslblllty St3tÈment set out on page 5, the Trustees are responsible for the prep3r8tion of the financlal statements ènd for being satisfied that they give a true and fair VIÈW, and for such Internal control s the Tru5tee5 determine is necessary tg enable the preparation of financial statements that are free from Material misstatement. whether due to fraud or error. In preparing the financi31 statements, the Tru5tee5 are respon51ble for assessing the charltws ability to continue 35 a golng concern, disc105in& a5 applicable, matters related to going concern and uslng the going concern basis of accounting unless the Trustees either intend to liquidate the £harity or to cease opÈrations, or h2vÈ no rÈallstic alternative but to do so.. Auditorfs respo#slbllitiÈsfor the audit of the financial statement5 We have been appointed as auditor under section 44llllcl of the Charities and Trustee Investment Iscotlandl Act 2￿}5 and report in accordance with the Act and relevant regulations made or ha¥in8 effect thereunder. Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material rn155tatement, whèther due to fraud or error, and to issue an auditor'5 report that includes our opinion. Rea50n3ble assurance 15 3 high level of 35surance, but is not a 8U3rantee that an audit conducted in accordance with ISAS IUKI will always detect a rnateri31 mi55tatement when it exi5t5. Mi55t2tementS Can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basls of these financial statements. The extent to which our procedures are capable of detetting irregularitles. Including fraud isdetailed bebw.. Irregularities. including fraud, ère instantes of non-tornplianre with laws and reguladorns. We design procedures in line with our responsibilities, outlined above. to detect rnaterial mi55tatement5 in respect of irregularities, including fraud. The extent to which our procedures are capable ol detectin8 irre8ularitie5, includin8 fraud is detailed below.. Irregularitie5that result from fraud are inherently more difficult todetectthan irregularitiesthat result from error. From enquir1￿ of those charged with governance, it was determined that the rlsk of materlal mlsstatement from fraud was low with little scope for fraud to occur. Our audlt testing Is deslgneé to detect materSal mlsststements from fraud where the s not hlgh level colluslon. Ouraudit tetting was designed to detect fflaterial misstatefnent5from other irregularitie5 that result from error where there is not hiEh levÈl contealrnent of the error. In this regard the followinE audit work was undertaken.. applicable laws and regu13tions were reviewed and discussed wf(h management.. senior man8gement meeting minutes were reviewed.. intemal controls were reviewed.. and journals were reviewed. From this audit testing it was determined that the rlsk of materièl misstatement in this regard w3$1ow. We ¢arried Income testing expenditure testing which was designed to identify any irregularttie5 as a result of simple mistakes or hyman error. Frorn th￿ audit testing it wa5 determined that the risk of rnaterial mi5Statement in this regard was 10- FERSANDS & FOUNTAIN SCIO INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TOTHE TRUSTEES OF FERSANDS& FOUNTAIN SCIO Theextent towhich our procedure5 are capable of detertinBiffegularities, includingfraud. 15 detasled below. A further descriptlon of our rÈ%ponsibilities ￿ available on the Financial Reporting Council's website at.. http5J/ www.frc.org.uk/3udltorsr@sponsibilitieg. This description forms Part of our auditorts report. Th15 report is made solelyto the chariws TTUStee5. 15 a body* in accordance with 5ertion 44111 Icl of the Charities and Trustee Investment Iscotlandl Act 2005 and regulation 10 of the Charities Accounts (Scotlandl Regulations 20061è5 amendedl. Our audit work has been undertaken so that we rnight state to the charitws Trustees those matters we are requiied to state to them in an auditor5, report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume spon5ibility to anyone other tban the charity and its Trustees as a bodyi for our audit work, for thi5 report, or for the opinions we have formed. LOU LuA_ wh￿e18￿ Wells, StatutoryAuditor 9Ain51ie Place Edlnburgh EH3 6AT Date.. 17 ￿￿￿ry 2025 Whi¢elaw Wells is elloible for appointment as auditor of the Charity by vlrtue of rts ellglbillty for apry)Intment as auditor of cornpany under section 1212 of the Companles Att 2006. FERSANDS & FOUNTAIN SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrirted funds Aestricted fLtnds Tolal Unrestricted fvnds 2023 Re5trlrted funds 2023 Totsl 2024 2023 Notes Incomefrom: Donations and legacles CharitablÈ activitie5 other trading artivities Investments 273,561 32,OCY3 2,427 4,170 316.490 860 2,519 S90.051 32,869 4,946 4,J70 235,602 13,997 757 347.372 3.985 2.485 582.974 17,982 3,242 1.359 1,359 Total Income 312.167 319,869 632,036 251,715 353,842 605,557 Expenditure on: Charitable activities 339.103 245,449 584,552 243.504 340.737 584,241 TO1￿ expenditure 339.103 245.449 584,552 243.504 340.737 584.241 Net in¢om¢llexpettdi¢urel 126,9361 74,420 47.484 8.211 13,105 21,316 Tran5fer5 between funds 14031 403 11,3711 1,371 Net rnovem8nt in fund5 127.3391 74,823 47.484 14,475 21,316 R￿onC0[￿at1On of funds.. Fund balances ai i April 2023 195.149 155.850 350.999 188,309 141.374 329.683 Fund balances at 31 March 2024 167.810 230.673 398,483 195,149 155,850 350.999 The statement of financial actlvltles Includes all gains losses ￿tO￿n&$ed in the year. All income and expenditure derive from continuing activities. 12- FERSANDS & FOUNTAIN SCIO srATEMENT OF FINANCIAL POSITION ASAf31 MARCH 2024 2023 Notes Fixed assets Propertyp plant and equiprnent 13 103,826 14.670 Current assets Trade and other Tecewables Cash at bank and In hand 1.9SS 416.957 2,037 433,439 418.912 1124.2551 435.476 199.147) Currertt liabilrties tlet current assets 294.657 336,329 Total asset5 less Cyr￿nt liabilitie5 398.483 350,999 The funds ofthe Charity Restricted incDme funds Unrestricted funds 230,673 167,810 155.850 195.149 398,483 350,999 The financial Statements were approved by the Trustee5 on 13 FERSANDS & FOUNTAIN SCIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Noies Cash flowsfrom operat1#8 attivities Cash Bener4ted from oper4tion5 69,603 41.158 Investing artivities Purchase of property, plant and equipment Inve5trnent incorne recenied 190,2561 4.170 115,0891 1,359 Nettash used In Investlng attliThdes 186,0861 113,7301 Net(a5h used in financing artivth'es Net Ide¢reasellin¢r¢a$t in ts5h and o5h equlvalents 116,4831 27,428 Cash and cash equwalents at beginning of year 433.439 406.011 Cash and cash equivalents at end of year 416,957 433,439 14 FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountln8poll¢les Charity information Fersands & Fountain is a Scottish Charitable Int(>rporated Organisation ISCIOI. 1.1 Accountlngconventlon The financial statements have been prepared in accordance with the Charity's governing docutnent, the Charities and Trustee Investment (Scotlandl Act 20D5, the Charitie5 Accounts Iscotlandl Regu13tions 2006 13s arnendedl and 'Accounting and Reporting by Char￿leS.. Statement of Recommended Practice applicable to charities preparina their accounts in accordance with the Financial Reporting Standard Zpplicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191 The Charitv 15 a Publsc Benefit Entity as defined by FRSIO2. The financial 5taternents are prepared in sterllng. which is the funrtlonal currency of the Charity. Monet2ry amount5 in these financial Statements are rounded to the nearest £. The financial statements have been prepared under the historlcal cost conventlon The princlpal accounting policies adopted are set out below. Mer8erkwunting These finHnciHI 5taternents have been prepared using merger accounting. in accordance with the Charities Staternent of Recomrnended Practice ISORPI. Merger 4ccounting involves aEgregatin8 the assets, liabilities and funds of the cotnbining charities and presenting them as though they had always been part of the SÈMÈ reportin8 charity. Although the Merger rn3y have taken place part way through a reporting periud, the fininci815tatements must be drawn up to include the results of the combining charities forthe whtsle of the reporting period in which the merger occurred. Charltles can use tnerged èccgunt5 if.. The beneficiarie5 of the charity have not changed signlflcantly., The purposefor which funds are held have not changeé significantly,. and The charityTrustees have not changed significantly 1.2 Goin8 tonorn At the time of approving the finandal statements. the Trustees have a reasonable eKpettation that the Charity has adequate resour￿$ to continue in operational existence for the foreseeable future. The charity has prepared forecasts which detnonstrate that the charity can meet its liabilities as they fall due for at least the next ￿e[Ve months. Thus the Trustees continue to adopt the going concern basis of accountin8 in preparing the financial statements. 1.3 Charltablefunds Unrestricted funds are available frir use at the discretion of the Trustees in furtherano of their charitable objectives. Deslgnated funds are available for use at the discretion of the fru5tee5 in furtherance of their specific charitable actwities. Restricted fvnd5 3re Subject to specific condltlons by donors or grèntors as to how they may be used. The purposes and use5 of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors thatthe capital rnust be maintained bythe Charity. 15- FERSANDS & FOUNTAIN SCIO NOTESTOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountingpolicies Icontlnuedl IA Income Income is recognlsed when the Charity is legally entitled to it after any performance Conditlons have been met, the amounts can be rneasured reliablyt and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognisÈd once the Charity has been notified of the donatlon. unless performan￿ conditions require deferral of the amount. Income tax recoverable in relation to donatlons recelved under Gift Aid or deeds of tovenant (s recognised at the time of thÈ donation. LÈ8atiÈs are recognised an receipt or otherwise if the Charity ha5 been notified of an impendirTrg distribution. the amount 15 known, 4nd retript is expected. If the amount is not known. the leE3cy 15 treated as a contingent asset. 1.5 Expendlture Expenditure 15 recognised once there is a legal or constructive oblKgation to transfer economic benefit to a third party, it 15 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 act￿lty. The costs of each activlty are made up of the total of direct costs and shared costs. including support costs InVDlved ITr undertaking each activity. Direct C05t5 attributable to a sin8le activity are allocated dirertly to thèt attivrcy. Shared costs which contribute to more than one artivty and support costs which are not attrlbutable ro a slngle activ￿V are apporrioned between those activities on a basis conslstent with the use of resources. Central staff costs are alloc)ted on the ba515 of tirne Spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Propertyp plantand equipment Property, plant and equipment are initially measured at tost and subsequently measured at cost or valuation. net of depreciation and any impairrnent105se5. Expendlture 8￿ater than £1,500 is ¢apr¢alised. Depreciation is recognised so as to wrrte off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold Improvements Fixtures and fittings Motorvehlcles Nil depr￿latIOn 25% on cost 25% on cost 1.7 Impairment of noTrcurrenta55ets 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 su£h indication exists. the recoverable amount of the asset is estimated In order to dÈtÉrmine the exrent of the Impairment loss lif anvl. 1.8 Cash and cash equivalents Cash and ¢a5h equivalent5 include cash in hand, deposits held at call with banks, other short-terrn liousd investments with original maturities of three rnonths or less, and bank overdrafts. Bank overdrafts are shown within borrowings in le FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ounllng pollcles (Continued) 1.9 Flnancbal Ir￿trUments The Charity hès elected io apply the provlsions of Sectlon 11 'Basic Flnanual Instruments. and Section 12 '0ther Financial In5trument5155ue5' of FRS 102 to all of it5 financial instrutnents. Financial instruments are reco8nised in the Charity's balance sheet when the Charity becornes party to the contractual provisions of the instrument. Financi41 a5set$ and liabllltles are offset, with the net amounts presented In the flnandal statements, when there 15 3 legally enforceable right to set off the recognised arnounts and there 15 an intention to settle on a net basis or to realise the asset and settle the liability 5imultaneouslv. Bt75i¢finunriu11755ets Basic financial assets, which include tride and other receivable5 and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at arnort15ed cost using the effettive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future recelpts dlscounted ar a market rate of interest. Financial assets classrfied as receivable within one year are not amortised. Bosicflntsntlolliubllltles Basic financial liabilities, including trade and other payables ènd bank loan5 are initially recognised at transaction price unle$5 the arrangement constitutes a financing transaction. where the debt instrument 15 measured at the present value of the future payments distounted at a markèt rate of inrerÈst. Financial liabilities classified as payable within cne year are not èmorused. Debt instruments are subsequwtlycarried atarnortisèd tost, usingtheeffectlve interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of opÈratlDns from 5upplier5. Amounts payable are classified as current li3bilitie5 if payrnent is due within one year or less. If not. they are presented as non-current liabilities. Trade payables 3re recogni5ed initially at tran5BCticn price and subsequently measured at amortised cost using the effective interest method. Derecognition oAfmGncioifit7bilities Financial liabilities are dereco8nised when the Charitrfs contractual obligations expire orare discharged or cancelled. 1.10 Employee beneflts The cost of any unused ho11day entitlement is recognised in the perh)d in which the employee's Services are re¢*ved. Terminafjon beneflts are recognlsed Immediately as an expense when the Charity is demonstrably wmmitted to terminate the employment of ernployee or tts provide terrninatlon beneflts. 1.11 Retirement benefft5 PaymentSto defined contribution retirement benefit schemes are charged a$ an Expense astheyfall due. I.IZ Leases Rents15 payable under operatin8 leases, including any lease incentives recEived, are charged to profit or loss on a stralght line b8sls over the term ol the relevant lease except where another more systEmatic basis is rnore repTe5entative of tfme pattern in which economic benefits from the lease asset are consumed. 17- FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estlmates and11￿ments In the applitation of the Charl￿5 accounting policies, the Trustees are required to make jud8ement5, estimates and a55UrnPtions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estirnates and associ3ted a55umptions are based on historical experience and other fattors that are considered to be relevant. Actual results may differ from these estimates. The e5tirnate5 and underlying a55UrnPtions are reviewed on an ongoing basis. Revision5 to accountinc estirnates 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. Income from donations and legathes UnreMri¢ted funds 2024 Restrirted nds 2024 Totsl Unrestricted funds 2023 Restrirted funds 2023 Total 2024 2023 Donation5 and gift5 Grant5 3,265 270,296 1.463 315.027 4,728 585,323 11,817 223.785 9,582 337,790 21.399 561,575 273,561 316,490 59D,051 235,602 347,372 582.974 fjranis retelvablelor core a¢tyvities Aberdeen Cornmunity Counal Northsound 250,545 ioi 228,844 234 479,389 335 205,7BS 264,785 9,364 3,000 470,570 9,364 3.000 18,000 3,500 13,251 36.610 1,800 LOOO The Robert50nTrust Fairer Scotland Fund Bauer Radio National Lottery Bèmis Scotland NH5 Grarnp3in Garrield Weston BBC Khyber Eleorical Saftey Turanc Other 18,aoo 1,650 18.000 5.150 18,MO 3.500 3,500 13,251 36,610 43.795 43.795 12.6 680 14.024 468 14,024 468 I,ioJ 1,1 3,782 3,782 5.480 5.480 270,296 315,027 585,323 223,785 337.790 561.575 18 FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2024 Incomelrom chaTit3ble activities Unrestricted fvnds 2024 Restri¢ted funds 2024 Total Unrestrided fund5 Restrirtèd funds Total 2024 2023 Cafe income Shop income Pantry inw Other incorrvé 4.417 4.698 7,935 14,959 4.417 4.698 7,935 15,819 429 1,118 6,529 5,921 1.118 6,529 9.906 3.985 32,LVJ9 31,869 13,997 3.985 17,982 In¢omelrom othertradingactivities Unre5trlrted nds Restrfcted furKIs Total Unre5trlcted fvnds 2023 Restrirted nds 2023 Total 2024 2024 2023 Fundrai5in8events 2,427 2.519 4,946 757 2,485 3,242 Incomefmm Investments Unrestricted funds Unre¥d¢ Jnds 2023 Interest recewable 4,170 1,359 19- FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable activities Ch2rltablÈ Chariiable Charltable Charftable Expendlture Expendlture Expendlture Expenditure General Familycentre Projert Pantry Total 2024 Total Z023 2024 2024 2024 2024 Staff costs Depreciation and irnpaimient Pur¢hÈses Insurance Telephone Office costs Outside funding expenese Training Fundralslng expenses Other expenses Repairs Nursery 5n3cks Trlps & outings Travel expenditure 282 1,099 272.014 197.967 470,263 450.006 938 1,712 3.684 939 5.153 66.515 4,092 2.731 12,460 6.614 13,8 2.233 4.064 2.446 1.147 761 3,593 6.235 6,235 49,720 4.606 830 11,989 5.931 11,734 3.102 4,649 49,720 1.247 3.359 830 29S 5,831 4.536 7.410 575 5,863 1.395 4,324 2,527 4,649 59,402 294,139 216,727 4,324 574.592 574,941 Shareofgovernancecosts Isee note 81 4.980 4,980 9,960 9,3OJ 59,402 299,119 221,707 4,324 584,552 584,241 Anafysis by fund UnrestrKted funds Restricted funds 187.6621 147.064 235,472 63.647 186,969 34,738 4,324 339,103 245,449 243,504 340,737 59,402 299,119 221,707 4,324 584.552 584,241 -20- FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (COWINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable ￿tIVItIeS Icontlnuedl For the year ended 31 Marth 2023 Charitable Charitable Charitable Charitsble Expendlture Expendlture Expendliure Expendlture General Familycentre Prolett Pantry Totsl Z023 Staff costs Depreciation and Impèlrment Purchase5 Insurance 265.075 184.931 450.006 938 1.712 3,684 939 5.153 66,515 4,092 2,731 12,460 6,614 13,8CO 2,233 4,064 938 1.712 1,842 134 1,842 Telephone Offi¢e costs Outside funding eypenese Training Fundrdisingexpen5e5 Other expenses Repair5 Nursery snacks Trips & outings Travel expenditure ioi 5,052 66.515 860 1.594 L638 2,731 4.248 144 3.933 5,121 6,595 733 4.279 1,349 7.205 1,5th) 4,064 82,712 285.128 199,896 7.205 574,941 Share of govern3ncecosts15ee note 81 4.65Q 4.65Q 9.3 82,712 289,778 204.546 7,205 584,241 Anatys15 byfund Unrestritted funds Restricted funds 1222,8381 305.550 254,591 35.187 204,546 7,205 243,504 340.737 82.712 289,778 204.546 7,205 $84.241 5ypport cost$ all•¢•iedto ¥rtiviEiES 2023 Governance costs 9,960 9,300 Analysed between.. Audit fee Accountancy fee 8,160 7.500 1,800 9,960 9,300 21 FERSANDS & FOUNTAIN SCIO NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement In funds 2023 The net rnovement in lunds 15 Stated after chargingllcred1tt￿j'. Fees payable for the audit of the charity's financial staterr*nts Depreciation ofowned property, plant and equipment 8,160 I,(Y39 7,51)) 938 10 Tru5tee5 NonÉ of the Trustees lor any persons connected with them) received any remuneration or beneflts frorn the Charfty durin8 the year.12023 £nill 11 Ernployees The avera8e monthly number of employees durlng the yearwas.. 2024 2023 Number Number Management Admin Social Worker Youth & Junior workers Nurseryworkers Cleaners Family Support Caffe io Total 28 26 Employmentts￿ts 2023 Wages and salaries Social Security C05t5 Otherpension costs 419,606 25,031 25,626 400,401 25,012 24,593 470.263 450,IX)6 The Charrty considers It5 key management personnel comprise ol The total ernployrnent benefits including employer pension contribution5 of the key managemÈni personnel vlas £113.805 12023.. £100.7751 No employee had emoluments of mgre than £60.000 during eithEr the current or previous yÈar. The charity is exemptfrom taKation on it5 activitie5 b2cau5eall its incorne is applied for charitable purposes. .22. FERSANDS & FOUNTAIN SCIO NOTESTOTHE FINANCIALSTATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Property* plantand equipment Leasehold ImprovÈmÈnts F￿t￿and MotorYehKks Cost At l April 2023 Addition5 11.236 90,256 17,528 31,288 60.051 90.256 At 31 March 2024 101,491 17,528 31.288 150.307 Depreclatlon and Impalrment At l April 2023 DeprÈcI3tion charged In the year 14,094 1,099 31.288 45,382 1.099 At 31 March 2024 15,193 31,288 46,481 arrylng amount At 31 March 2024 101.491 2,335 103.826 At 31 March 2023 11,236 3,434 14,670 Trade and other receivable5 2024 2023 Amounts fallingdue within one ye•r Trade receivables Prepayments and accrued income 97 L940 1.954 1.955 2.037 15 Current Ilabllltles 2024 2023 Note5 Othertaxation and social security Deferred incorne Other cred((ors Accruals 7,676 79,190 2,281 35,108 16 79.677 19,470 124,255 99.147 -23- FERSANDS & FOUNTAIN SCIO NOTESTO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 16 Deferred income 2024 2023 Arislngfrom Incomefor proletts 79.190 79,677 Deferred income Is in£luded In the finandal statements asfollows.. 2023 Deferred Income is Included wlthin.. 79.190 79,677 Movements In the year.. Deferred Income at l April 2023 Rele35ed from previou5 periods Resourcesdeferred in the year 79.677 179,6771 79.190 2.072 12,0721 79,677 Deferred income Zt 31 March 2024 79.1 79.677 17 Retlr¢ment b¢nellt5chgme5 202a Defined tontribution s¢hemES Chargeto profit or1055 in respect of defined contribution schemes 25.626 24.593 The ChaTity operates a defined cOntribut￿n pension scheme for all qualifyin8 employee5. The a55ets of the 5¢herne 3re held separ3telyfrom those ol the Charity in an independently administered fund. 24- o O O Ln IO 000 o CO O o CO 4 f￿ * 00 o Ln t71 cn m O Ln cn rri e l in N O o r C rrt 000 coo f4 Ln m o ty > C i) c C VIL 3 C LL FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unre5trictedfund5 The unrestri¢ted funds of the charity cornpri5e the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors asto howthey may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Apr51 zoza Incoming re$our