Charlty reg15tration nurnber SC051965 (Scotlandl FERSANDS & FOUNTAIN SCIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FERSANDS & FOUNTAIN SCIO LEGAL AND ADMINISTRATIVE INFORMATION Trurtees IAppointed 17 March 2025) Charity number (Scotlandl SC051965 Prlnclpal address Woodside Fountial Centre Marquis Road Aberdeenshire Scotland A824 2QY l Audltor Whitelaw Wells 9 Ainslie Place Edinburgh EH3 6AT Key Managment Pesonnel
FERSANDS & FOUNTAIN SCIO CONTENTS Page Trustees report Statement of Trustees responsibilities Independent auditor's report 9-11 Statement of finan¢lal activlties 12 St8teme.-It Gt lin< .'cjal pgsition 13 Statement of cash flows 14 Notes to the financlal statement5 15-31
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. 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 Charity's governing document, the Charities and Trustee Investment1Scotlandl Act 2005. the Charities Accounts Iscotlandl Regulations 2006 135 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 IFRS 1021 (effective l January 20191" Oblectlve5 and artivities The aim of Project is to promote the benefit of the Fersartrds & Fountain Community by associating the local authorities. voluntary organisations and inhabitants in a common effort to advance education and provide facilities, in the interest of social welfare, for recreation and other leisure time occupation with the object of Improving the condition5 of life for the aforementioned inhabitants and in furtherance thereof. ,Ir..
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Adult Advice and Information Servcies The Project staff at the community office are often the first port of call for people with questions they need answered or in search of help. We often si8nPOSt people with more complex issues to other agencies and support networks such as Citizen Advice and Pathways for people searching for employment. The weekly free bus for shoppers has been running for over a year with our volunteer driver Ken. Seats are available every Friday morning. The Free press has three issues printed every year and each one 15 delivered to all households in Woodside. Local volunteers try to find interesting stories and articles to keep the Woodside readers informed. Adult work-wellbeing and1501ation The Ukrainian Band meet at the centre twice a week with their muslcians. We have been supporting the group to become more formalised, adopt a constitution and open bank account, 50 they can begin to raise money to help pay for rent and equipment. Art & craft clas5 meet every Thursd3y and sometimes have over ten members attending. The dance fitness class ZUMBA runs on Friday morning at the centre, and everyone is welcome. Language cafe busy group offere a safe place for people to come and practice their English language. Our workers and .*Jf . volunteers organise a programmo that encourages discussion about various subjects. Ycuth Wopk -, his year there were SUJ)Stantial ihanges in the youth work a5 all thts groups were transported to a new base at the Woodside ..FoiJntali'. Ll.ntre.. Youth participated in designing the new space '.iicking out equipment which made the move and easier -[. l£.1 pfoci Fs ftsr them ai)d now love the new premises. I'hore are lon¢.. .'E4 m plsns LO mako the area more self-contained with easy access to own kitchen. (Ir We are giving time to build groups and get all young people in the ai ea. known to the new comfortable, colourful, safe space. Junlor Club We employ a team of workers to offer fun educational and social activities to all 5-12-year-olds in the community. We offer 4 groups for 50+ children per week. Highlights of the programme this year have been visits from Science Centre. Rugby and Curling sessions with Sport Aberdeen and made our own talent shows. Famlly Centre The family centre offers a flexible service that is best for each family and this year we started offering our first places for 9- 3pm. We will review this in March and see how it is working for parents. children and the team. We are currently experiencin8 our busiest ever time at Nursery with forty-six Children attending every day. We continue to offer essential early intervention services that identify and address developmental needs. even though the numbers ore rising. we will continue to meet the challenges head. Pantry The pontry ha5 been going for several years now with over 80 local members shoppin8 weekly. With continuous support from CFINE and ACC we can provide a free shopping experience for our members for up to 3 months a year.
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charlty Shop By providing this shop it enables us to offer an affordable option to e55ential good5 like homeware and clothing, as well as offering volunteering opportunities and raising vital funds to help us continue our services. We are always looking for donations of clothing, toys, furniture, and Homeware. We will also take electrical goods and have them PAT tested for resale. Fersand5 Café We run the café Monday and Tuesday and we employ café manager and a small team of volunteers who will help make the changes we need. Achievements and Performance Adult Work and learning, Advice and Information Servlces We Still have a strong Art & Craft group meeting every week to experiment and increase their skills In a range of craft materials and medium5. Ten members have been meeting and creating pieces that can be sold at gala days and community events to bring money back to the group. This is a voluntarily run group with members taking responsibility to make plans and activities open to the community. Visitors to the centre can see of their wonderful and creative art work decorating the corridors. Our Zumba class offers energetic and fun exercise sessions open to all fitness levels and dance abilities. Come and have fun with friends, meet new people, and feel better. Youth Work A youth work summer programme was Jrganised for 12-18 yr olds. Thirty-two youths signed up to 13 activities and outings Including Balmedie, Dundee Swimming, Paddleboarding, Go l%artin& Bowling, and hill walking. We joined groups together to pnahle reridoniial irips to Abernpthy. The girl's group of 8 and Bovi group of l&,F5tsyed at Abernethy for two separate trips. t. t?1 a i.14.Ille warkp.4 with.lJfban Uprising and Tran51tion Extreme to offer Il fJ-',ieek proÈrammed local 'iDuth5. The activity Centred ¢ 3.. rAersr)rbal devglopment and ,youths gaining life skills, The R mèip oims were tci jK're35e conbidence, increase resilience and increase physical ailivities.
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Junior Club This service for five- to twelve-year-olds have always been an important part of our project. By providing free attractive opportunities where all young people can take part in artivities that inform them, challenge them, and make them work together , we reduced inequality- We help children and familie5 new to the area integrate quickly with new friend5. By providing free children'5 activitie5. residential experiences we give entertainment and joy for young people but also take pre55ure off parents a5 they do not have to find money to keep children busy. We give children something to look forward to every week. We involve parents and build relations that help us offer more support to parents in most need when required. Famlly Centre The biggest difference to the Family Centre this year has been the opening of the new garden area. All the children have loved choosing to spend more time outside in the stimulating play spaces. Kids are getting more fresh air, using their imagination. being creative. assessin8 risks, communicating with each other, and having great fun. Pantry The pantry service brings people together from all over Woodside and offers something to many families from all diverse background5 and shows how diverse our community is. Currently we have over 15 nationalities using the service. The Pantry concept was to offer an alternative to food banks, although they can help Sn an emergency, they do not work long term and become dependent on the mind for some it has stigma attached. This Is an alternative solution offering people choice and dignity as all members get the shopping experience while choosing what they want . It can save families considerable money from their weekly food shops helping them cope better on a tight budget. ."ersan6r Lafé and Charity Shop In April one of Odr 'iolunteers become the cafe manager and they now support a small team of volunteers to ensure the moothKunning of our c" -fe. From the 1st of.july we put on a sniall Ci'arge of ...50p?l7neal to enable. LIS to continue offering" . a faniast c service to the community. y providing charity shop it enables us to offer an affordable option to essential goods like homeware and clothing, as well as offering volunteering opportunities and raising vitsl funds to help us continue our services. Flnanclal review Prlnclpal funding sources The principal funding sources for the charity is currently by way of grant and contract income from Aberdeen City Council. The Charity has received funding from the following during the year-_ Aberdeen City Council Aberdeen Early Years Childcare Partnership Fairer Aberdeen Fund Northsound Cash for Kid5 Youthlink Scotland NHS Grampian BBC Children in Need STV Appeal Robertson Trust Lottery Growgreen Scotland TESCO CFINE ASDA
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy It is policy of the charity to spend all of its annual grants in furthering the aims and objectives of the Project within the year. Only parts of the building fund which is allocated for future building expenditure may be used for different purp05e5 if the Committee unanimously agree at special meeting. The charity ha5 considered the reserves required and have taken into account their current and future liabilities. The trustees aim to maintsin free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure which is approximately £120,000. The trustees consider that this level will provide sufficient fund5 to respond to application5 for grants and ensure that support and governance costs are covered. The balance held as unre5tritted funds at 31 March 2025 was £226,23812024.. £167,810> and the balance held for restricted fund5 was £271,10712024.. £230,673). There are £221,142, 12024.. £180,479) which all are regarded as free reserves, after allowin8 for funds tied up in tangible fixed assets and investments and designated funds. Actual 3 month cash payments totalled £153,078,12024..£145,8621. Rlsks The Trustees regularly review the major risks to which the Project is exposed and where necessary procedures have been established to mitigate those risks. The principle risks identified for the Project and actlon tn mitigate these rlsks. are as follows.. Income and Flnanclal Sustainability. The org.?nisation will review its iiicome and reserves to ensure it is able to achieve it5 Strategic objertives and maintain its , operations. Significant external risks to funding have led to the continued dive(sjficgtion of funding and activities. Governance The organisation ensures that we have adequate governance at the marnagement committee, senior management and operational levels. Identify any conflicts of interest and place procedure5 to resolve. Safeguardin8 We ensure that all staff and volunteers that have contact with vulnerable person have an up to date PVG certiftcation and ensure that two references are taken for any new employees. Cyber securlty We have engaged with the local IT firm North East Periphera15 Ltd for repairs and security problems. We are using Norton Security for internet and devices securitv. Data protection and GDPR Ensure that policies and procedures are up to dated and every person in organisation complies with legislation.
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods The project wlll continue to provide services for the local communlty in cooperatlon wlth Aberdeen Clty Councll. We need to need to secure a lon8 term agreement on our accommodatlon and work wlth Aberdeen Clty Councll to reach an a8reeable solution to the management of Woodside Fountaln Centre. This will lead us to further develop our lease agreements and look at possible income from lettin8 Out space. We plan to contlnue to support the Family Centre and Nursery. We have several new chlldren and famllies every year, and we need to ensure they have a good introduction to the services so we can build numbers and secure funding at the same time a5 offering a hi8h-quality service. The cafe service will be re¥iewed to look at costs of employlng a cook and the long-tem viabllity. Youth work and Junior Club funding will be di5CUssed. We will develop work plans for each area of work. We will look at the Pantry and Charity shop to see if we can further develop these servlces or generate more income. Strurture. Éovernance and m4nazement Fersands and Fountain SCIO was incorporated as a Scottish Charitsble Organlsation and was recognlsed by OSCR as a charity wlth effect from the 01 April 2023. The charity Is administrated in accordance with the term5 of its constitution. p% 'who served during the year and up to the date of signature of the financial statement5 were.. (Appointed 17 March 20251
FERSANDS & FOUNTAIN SCIO TRUSTEES REPORT (CONnNUED) FOR THE YEAR ENDED 31 MARCH2025 Recrultment ond appolntment of trustees All mana8ement committee members are elected from publSc meeting held every 18 months as stated Sn the constitutlon. All members of the community covered by the document l.e. Sandiland Drlve. Ferrier Crescent, Ferrier Gardens, Marquis Road. 8arron Stet, L¢)wer Westefn Road, 302-354 Great Northern Road and 7 St Machar Drive will be entitled to be nominated for elertion. The organitIon partlcularly welcomes nominations by services users who have an interest and undetstanding of the Project. No employees of the OTganisation can be elected to the committee. Trustees of the SCIO can be elected at the annual AGM & Election. All trustees must be over 16 and live within the organisation boundaries. Once elected the trusiee5 will meet with the Project Coordinator and go through the Tru5tee5 "Code Of Conduct" which dlscusses the roles and responsibilities of trustees Wlthin the Fersands and Fountain SCIO. The trustees meet every month to discuss mana8ement 155ue5 and training may be or8anized at the request of the Trustees. Trustees with the role of Chair or Treasurer will be offered separate traiF)in8 on thelr roles. All Trustees will be asked to complete PVG check5. All trustees will sign confidentiality agreements. After 12 months the Trustees will resign at the AGM but may be re elected. Orgonisotlonol structure The charity trustees for the purpose of charity law are known as members of the Management Committee. Under the requirements of the constitution. the members of the Management Committee are elected to serve 18 month5 as stated in the constitution. All member5 of the Management Committee wlll be Invited to a monthly meeting to deal wlth the business of the Prolect. Sub 8roups will be formed where members can discuss issues and gather information before monthly meetings. All members will be invited to meet the Coordlnator to dlscuss Committee Busines5 before or after meetings. Related Partles During the year, no120241- nol trustee wa5 reimbursed expenses of £nil (2024- £Nill The Trustees report was approved by the Board of Trustees. Trustee Date: .
FERSANDS & FOUNTAIN SCIO STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 Trurtees, spOnsIbl11t1eS in relatlon to the flnancial statements The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial Statements, the Trustees are required to.. select suitable accountin8 policies and then apply them consistentlv,. observe the methods and principles in the Charities SORP: make judgements and e5timate5 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; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Tru5tee5 are responsible for keeping sufficient accounting records that distlose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the fiftan¢ial statements comply with the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Atcounts Iscotlandl Regulations 2006 las amended) and the provisions of the trust deed. They are also responsible for Safeguarding the 055ets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ststement as to disclosure of information to audltors So far as the trustees are aware, there is no relevant audit information of which the charity's auditors are unaware, and each trustee has taken 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. The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incomin8 resources and application of resources of the Charity for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed. Subject to any material departure5 disclosed and explained in the financial statement5,' and prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the charity wlll continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities and 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 for the prevention and detection of fraud and other irregularities.
FERSANDS & FOUNTAIN SCIO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FERSANDS & FOUNTAIN SCIO Opinion We have audited the financial statements of Fersands & Fountain SCIO (the 'Charity'l for the year ended 31 March 2025 whlch comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Actounting Standards. Including FR5102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements-. give a true and fair view of the state of the charity's affair5 as at 31 March 2025 and of its incoming resources and application of resources. for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the Charitie5 and Trustee Investment (Scotlandl Act 2005 and regulation 8 of the Charities Accounts (Scotlandl Regulation5 2006. Basi5 for oplnion We conducted our audit in accordance wtth the Internationol Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's respon5ibilitie5 for the audit of the financial statements section 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'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and aDpropriate to provide a basis for our opinion. Concluslons relatin8 to going concern We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to pOrt So you where: the Tru5tees' use of the going concem basis of accounting in the Pfeparation of the financial statements is not appropriate,. or the Trustees. have not di5c105ed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other Inforn)atlon The other information comprises the information in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements doe5 not cover the other information and 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 inconsistent with the financial Statements or our knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we conclude that there is a material misstatement of this other inforrnation, we are required to report that fact. We have nothing to report in this re8ard.
FERSANDS & FOUNTAIN SCIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF FERSANDS & FOUNTAIN SCIO Matters on whlch we are qUIred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities Accounts Iscotlandl Regulations 2006 require5 US to report to you if, in our opinion.. the information given in the Trustees, report is Inconsistent in any material respect with the financial statements. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns. or we have not received all the information and explanations we require for our audit. Responslbilitie5 of Tru5tee5 As explained more fully in the Trustees, responsibility statement set out on page 8, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for a55e55ing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unle55 the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do 50: Audltor'5 respon5ibllitie5 for the audit of the financial statement5 We have been appointed as auditor under section 44llllcl of ike Charities and Trustee Investment Iscotlandl Act 2005 and report in accordance with the Act and relevant regulations made or havin8 effect thereunder. Our objective5 are to obtain reasonable a55urance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that include5 Our opinion. Reasonable a55urance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect material misstatement when it exi5t5. Mi55tatements cèn arise from fraud or efror and afe considered material if, individually or in the aggregate, they could re050nably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of deterting irregularitie5. including fraud 15 detailed below: Irregularities, including fraud, are instances of non-compliance with laws and re8ulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below: Irregularities that result from fraud are inherently more difficult to detect than irregularities that result from error. From enquiries of those charged with governance, it was determined that the risk of material misstatement from fraud was low with little scope for fraud to occur. Our audit testing is designed to detect material misstatements from fraud where there is not high level collusiors. Our audit testing was designed to detect material misstatements from other irregularities that result from error where there is not high level concealment of the error. In this regard the following audit work was undertaken.. applicable laws and regulations were reviewed and discussed with management-, senior management meeting minutes were reviewed- internal ontrols were reviewed,. and journals were reviewed. From this audit testing It was determined that the risk of material rni5Statement in this regard was low. We carried income testing and expenditure testing which was designed to identify any irregularities as a result of simple mistakes or human error. From this audit testing it was determined that the risk of material mi5Statement in this regard was low. 10-
FERSANDS & FOUNTAIN SCIO INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE TRUSTEES OF FERSANDS & FOUNTAIN SCIO A further descrlption of our responsibilities is avallable on the Financial Reportln8 Counclvs webslte at.. https.'11 vn¥w.frc.or8.uk/auditorsresponslbllitles. This descrlption forms part of our audltor's report. This report Is made solely to the charity's Trustees, as a body* in accordance with sectlon 44 (1) Icl of the Charlties and Trustee Investment {Scotland) Att 2005 and regulation 10 of the Charities Accounts Ikotlandl Regulations 21))6 las amended). Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an audiiors, report and for no other purpose. To the fullest extent permitted by law. we do not accept or assurne responsibility to anyone other than the charity and its Trustees as a body, for our audlt work. for this port. or for the opinions we have formed. Whitelaw Wells Staturory Auditor 9 Ainslie Place Edinburgh EH3 6AT Whitelaw Wells is eli8ible for appointment a5 auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under sertion 1212 of the Companles Act 2006. 11
FERSANDS & FOUNTAIN SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted fund5 2025 Restrlcted funds 2025 Totsl Unrestrlcted funds 2024 Restrlrted funds 2024 Total 2025 2024 Notes In¢ome and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 308,488 30,428 9.048 7,893 352,930 661,418 30,428 9.048 7.893 273,561 32,009 2,427 4,170 316,490 860 590,051 32,869 4,946 4.170 2,519 Totsl Income 364.857 352,930 717,787 312.167 319,869 632.036 Expenditure on: Charitable activities 283,287 335,638 618,925 339,103 245,449 584.552 Total expd•ture 283,287 335,638 618,925 339,103 245,449 584,552 Net Income 81.570 17,292 98.862 126,9361 74,420 47.484 Transfers between funds 123,1421 23,142 14031 403 Net movement In funds io 58.428 40,434 98.862 127.3391 74,823 47,484 Reconciliatlon of funds: Fund balances at l April 2024 167,810 230,673 398,483 195,149 155,850 350,999 Fund balances at 31 March 2025 226,238 271.107 497,345 167.810 230,673 398,483 The statement of financial activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 12-
FERSANDS & FOUNTAIN SCIO STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2025 2024 Notes Flxed assets Property, plant and equipment 14 159,446 103.826 Current assets Trnde and other receivables Cash at bank and in hand 15 1,874 447,433 1.955 416,957 449,307 1111.4081 418,912 1124,2551 Current liabilities 16 Net current assets 337,899 294,657 Total assets less current liabilities 497,345 398,483 The funds of the Charlty Restricted income funds Unrestrirted fun('S 19 20 271.107 226,238 230,673 167,810 497,345 398,483 The financial statemeryts were approved by the Trustees on Trustee Trustee 13-
FERSANDS & FOUNTAIN SCIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatSng activltles Cash generated from operations 25 76.552 69,603 Invest5ng artlvltles Purchase of property, plant and equipment Proceeds from disposal of property, plant and equipment Investment income received 162.9691 190.256) 7,893 4.170 Net cash used In Investin8 artlvltles 146,0761 186,0861 Net Cash used in financing artlvitles Net Increase/{decreasel in cash and cash equivalents 30,476 116,483) Cash and cash equivalents at beginning of year 416,957 433.439 Cash and cash equlvalents at end of year 447,433 416,957 14-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polScles Charlty Informailon Fersands & Fountain is a Scottish Charitable Incorporated Organisation ISCIOI. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the Charity's 8overnin8 document, the Charities and Trustee Investment IS¢otlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended) and "Accounting and Reporting by Charities.. Statement of Recomrnended Pra¢tice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The Charity is a Public Benefit Entity as defined by FRSIO2. The financial statements are prepared in sterling. which is the functional currency of the Charity. Monetary amounts In these financial statements are rounded to the nearest £, The financial statements have been prepared under the historical cost convention The principal accounting policies adopted are Set out below. 1.2 Golng concern At the time of approving the financial statements, the Trustee5 have a reasonable expertation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The charity has prepared forecasts which demonstrate that the charity can meet its liabilities a5 they fall due for at least the next twelve months. Thu5 the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charltable objectives. Designated funds are available for use at the discretion of the Trustees in furtherance of their specific charitable activities. Restrirted funds are subject to specific conditions by donor5 or grantors 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 lunds are subjert to specific conditions by donors that the capital must be maintained by the Charity. 1.4 Income Income is re¢ognised 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 bas been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Le8acies are recoBnised on receipt or otherwise if the Charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 15-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continuedl l.S Expendlture Expenditure is reco8nised once there is a legal or constructive obligatlon 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 dirert costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated dirertly 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. 1.6 Property, plant and equlpment Property, plant and eqtsipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Expenditure greater than £1,500 15 capitalised. 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- Leasehold Improvements Fixtures and fittings Motor vehicle5 2% Straight line 25% on cost 25% on cost 1.7 Impairment of non-current assets At each reporting end date, the Charity reviews the carrwng amount5 of it5 tangible assets to determine whether there is any indication that those assets have suffered an impairment 1055. If any Such indication exists, the recoverable amount of the asset Is estimated in order to determine the extent of the impairment1055 lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with bank5, Other short-term liquid investment5 with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin85 in current liabilities. 1.9 Flnanclal Instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instrument5. Financial instruments are recognised In the Charity's balance sheet when the Charity becomes party to the contrartual provisions of the instrument. Financial assets and liabilities are offset, with the net amount5 presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there 15 an intention to settle on a net basis or to realise the a55et and settle the liability 5imultaneou51v. 16-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountin8 policles (Continued) Baslcflnanclal ossets Basic financial assets, which include trade and other receivables 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 transattion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified a5 receivable within one year are not amortised. 8aslcAlnanclol Ilobllltles Basic financial liabilities, including trade and other payables and bank loan5 are initially recognised at transaction price unless the arran8ement 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 payables are obligation5 to pay for goods or services that have been acquired in the ordinary course of operation5 from suppliers. Amounts payabSe are cla55ified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction prlce and subsequently measured at amortlsed cost using the effective interest method. Derecoqnltlon olfinan¢ial Ilobilitie5 Financial liabilities are derecognised when the Chariws contrartual obligations expire or are discharged or cancelled. 1.10 Employee benefrts The cost of any unused hollday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately a5 an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination beneflts. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Leases Rentals payable under operating leases, including any lease incentives received, are charged to profst or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of time pattern in which economi¢ benefits from the lease asset are consumed. Crltlcal 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 source5. 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 a55umptions are reviewed on an on80in8 basis. Revisions to accountin8 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. 17-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and legacl Unrestricted funds Restricted funds Total Unrestrlrted funds 2024 Restricted funds 2024 Total 2025 2025 2025 2024 Donations and gifts Grants 6,462 302.026 6,462 654,956 3,265 270.296 1,463 315,027 4,728 585.323 352.930 308,488 352,930 661,418 273,561 316,490 590.051 Grants recelvable for core actlvltles Aberdeen Community Council Northsound STV The Robertson Trust Fairer Scotland Fund National Lottery NHS Grampian Garfield Weston BBC Khyber Electrical Safety Turcon Connell Other 282,426 257,477 9,797 2,000 539,903 9,797 250,545 ioi 228,844 234 479.389 335 18.000 18,CrtJO 5,470 63,859 18.000 1,650 18,000 5.150 43,795 12.600 680 5,470 63,859 3,500 43,795 12,6C 680 14,024 468 I,l(Kl 1,100 1,1 14,077 14,077 14.024 468 I,ioo 250 750 3,782 3.782 302,026 352,930 654,956 270.296 315,027 585,323 Income from charitsble artlvltles Unrestrlcted funds 2025 Restrltted fvnds 2025 Total Unrestricted funds 2024 Restrltted funds 2024 Total 2025 2024 Cafe intome Shop income Pantry income Other income 5,954 8.495 10,626 5,353 5,954 8.495 10,626 5,353 4.417 4.698 7,935 14,959 4,417 4,698 7,935 15,819 860 30,428 30,428 32,009 860 32,869 18-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading aetlvities Unrestrirted funds 2025 Restrlcted funds 2025 Total Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2025 2024 Fundraising events 9,048 9,048 2.427 2,519 4,946 Income from investments Unrestrlcted funds 2025 Unrestrirted funds 2024 Interest receivable 7,893 4,170 Other Income Unrestricted funds Unrestrirted funds 1025 2024 Net gain on disposal of tangible fixed assets 9,000 19-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable actlvltles Charitsble Charltable Charitsble Charitable Expenditure Expenditure Expenditure Expenditure General Family CentTe Project Pantry Total 2025 Total 2024 2025 2025 2025 2025 Staff costs Depreciation and impairment Purchases Insurance Telephone Office costs Outside funding expenese Training Fundraising expenses Other expen5e5 Repairs Nurserysnacks Trips & outings Travel expenditure 183,801 7,349 172 293.891 9,903 487,595 7,349 172 3.836 420 5,544 53,181 3,966 900 470.263 1,099 1,918 60 152 1,918 360 5,392 3,593 841 6.235 49,720 4,606 830 11,989 5,931 11,734 3,102 4.649 53,181 2,183 1,783 881 10,410 5,645 7.83S 580 5,041 1,931 16.332 7,576 16,313 580 4,448 8,478 4,448 250,732 322,674 26,328 8,478 608,212 574,592 Share of governance costs Isee note 91 5,340 5,373 10,713 9,960 250.732 328,014 31,701 8,478 618,925 584.552 Analysis by fund Unrestricted funds Restricted funds 183,945 66,787 59,163 268,851 31.701 8,478 283,287 335.638 339,103 245,449 250,732 328.014 31,701 8,478 618,925 584,552 -20-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 CharStable actlvities Iconlinuedl For the year ended 31 March 2024 Charftable Charltable Charbtable Charitable Ejtpenditure Expenditure Expenditure Expenditure General Famlly Centre Project Pantry Total Z024 Staff costs Depreciation and impairment Insurance Telephone Office costs Outside funding expenese Training Fundraising expenses Other expenses Repairs Nursery snacks Trips & outings Travel expenditure 282 1,099 272,014 197,967 470,263 1,099 3,593 841 6,235 49,720 4,606 830 11.989 5,931 11,734 3.102 4,649 2,446 80 1,147 761 6,235 49,720 1.247 3,359 830 295 5,831 4,536 7.410 575 S,863 1,395 4,324 2,527 4,649 59,402 294,139 216,727 4,324 574.592 Share of governance costs (see note 91 4,980 4.980 9,960 59,402 299,119 221,707 4,324 584,552 Analysls by fund Unrestricted fund5 Restricted funds 187,6621 147,064 235,472 63,647 186,969 34,738 4.324 339,103 245.449 59,402 299,119 221.707 4,324 584.552 Support costs allocated to a¢tlvltles 2025 2024 Governance costs 10,713 9.960 Analysed between: Audit fee Actountancy fee 8,880 1,833 8.160 1,8CKJ 10,713 9,960 21
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 io Net movement In funds 2025 2024 The net movement In funds15 Stated after charglngllcredltlngl.. Fees payable for the audit of the charity's financial statements Depreciation of owned property, plant and equipment Profit on disposal of property, plant and equiprnent 8,880 7.349 I9,Cl 8,160 1,099 li Trustees None of the Trustees lor any persons connected with them) received any rernuneration or benefits from the Charity during the year.12024 £nlll 12 Employees The average monthly number of employees during the year was- 2025 Number 2024 Number Management Admin Social Worker Youth & Jur)ior workers Nursery workers Cleaners Family Support Cafe io Total 28 28 Ernployrnent $ts 2(125 2024 Wages and 5alarles Social security costs Other pension costs 435,133 28.338 24,124 419,606 25,031 25,626 487.595 470,263 The Charity considers its key management personrbel comprise o The total employment benefits including employer pension contributions of the key managemeiiL o1':SU'.'.IlL,I Véd5 r114,656 12024.. £113.8051 One employee had emoluments of more than £60,IXJO durlng the current year.
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14 PToperty, plant and equipment Leasehold Improvements Flxtures and Motor ¥*hlcles Ilttln85 Totsl C05t At l April 2024 Additions 0i5POsals 101,491 16.214 17,528 31,288 46,755 131.2881 150,307 62,969 131,288) At 31 March 2025 117,705 17.528 46.755 181,988 Depreelatlon and Impalrment At l April 2024 Depreciation charged in the year Eliminated in respect of disposals 15,193 1.099 31,288 3.896 131.2881 46,481 7,349 131,2881 2.354 At 31 March 2025 2,354 16.292 3,896 22,542 Carrylng amount At 31 March 2025 115,351 1,237 42.859 159.446 At 31 March 2024 101,491 2.335 103.826 15 Trade and other receivables 2025 2024 Amounts falling due within one year: Trade receivables Prepayments and accrued income 1,873 1,954 1.874 1,955 -23-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Current Ilabllltles 2025 2024 Notes Other taxation and social security Deferred income Other creditors Accrua15 7.601 86,293 2.074 15,440 7,676 79,190 2,281 35,108 17 111,408 124,255 17 Deferred income 2025 2024 Arisin8 from Income for projects 86,293 79,190 Deterred income is included in the financial statements as follows.. 2025 2024 Deferred income is included within.. Current liabilities 86.293 79,190 Movements in the year.. Deferred income at l April 2024 Released from previous periods Resources deferred in the year 79,190 179,1901 86,293 79,677 179,6771 79,190 Deferred income at 31 March 2025 86,293 79,190 18 Retlrement benefft s¢hemes 2025 2024 Defined contribution schemes Charge to profit or1055 in respect of defined contributlon schemes 24,124 25,626 The Charity operates a defined contribution pension scheme for all qualifylng employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. -24-
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FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 UnrestrScted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific ¢ondition5 by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Aprll 2024 Incomln8 resources Resources expended Transfers Ai 31 Maich 2025 A55et Fund Building Fund General funds 290 55.511 112,009 290 55,511 170,437 364,857 1283,2871 {23,142) 167,810 364.857 1283,2871 123,142) 226,238 Prevlous year: At l April 2023 Incomlng resources Re50ur¢es expended Transfers At 31 March 2024 Builidng Fund Asset Fund General funds 55,511 290 139,348 55.511 290 112,009 312,167 1339,1031 14031 195.149 312.167 1339.1031 14031 167.810 The designated building fund represents funds which the trustees have set aside to be used for the acquisition of building in the future. The designated asset fund represents assets which have been acquired by the utilisation of restritted funds. 21 Analysls ol net assets between funds Unrestrlcted nds 2025 Restritted fvnds 2025 Total 2025 At 31 March 2025: Property, plant and equipment Current assetsllliabilitiesl 2.742 223.496 156,705 114,402 159,447 337,898 226.238 271.107 497,345 -29-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of net a55ets between fund5 (Continued) Unrestrlrted funds 2024 Restrlcted funds 2024 Totsl 2024 At 31 March 2024: Property. plant and equipment Current assets/lliabilitiesl 20.170 147,640 83.656 147,017 103,826 294,657 167.810 230,673 398,483 22 Related party transartions The trustees are members of the local community so can and do make use of the facilitie5 and Services provided by the Charity on the same rates and condition5 as Other members of the community. Ouring the year no120241- nol trustee wa5 reimbursed expenses of £nil12024 - nil) Post Balance Sheet Events The charity entered into a contract for building works in the year, the work is ongoing at the year end with approximate financial commitment worth nil12024:£18,4051. 24 Operatlng Lease Commitments As at 31 March 2025 the charity had total commitment5 under nonncellob1e operating leases payable as Set out below.. 2025 2024 Expiring.. Within one year 2,870 2,870 -30-
FERSANDS & FOUNTAIN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Cash generated from operatlons 2025 2024 Surplus for the year 98.862 47.484 Adjustments for: Investment income reco8nised in statement of financial activities Gain on disposal of property, plant and equipment Depreciation and impairment of property, plant and equipment 17,8931 19,0001 7.349 14,1701 1,099 Movements In worklng capltal: Decrease in trade and other receivables IDecreasel/increase in trade and other payables Increase/ldecreasel in deferred income 81 119.9501 7,103 82 25,595 14871 Cash geneted from operatlon5 76.552 69,603 31