Charity registration number SC041611 (Scotland)
Company registration number SC380533
CREATE ABERDEEN
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
CREATE ABERDEEN
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
D Brands
D Hunter
L Hunter
I Boettcher
A Hutchison
A Skinner
Secretary
A K Constantinides
Charity number (Scotland)
SC041611
Company number
SC380533
Registered office
Inchgarth Community Centre
Aboyne Place
Garthdee
Aberdeen
United Kingdom
AB10 7DR
Independent examiner
Thyme Tax & Accountancy Limited
36 Angusfield Avenue
Aberdeen
Aberdeenshire
United Kingdom
AB15 6AQ
CREATE ABERDEEN
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 14
CREATE ABERDEEN
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Charity's aims are to support the rights of adults with additional support needs to be healthy, fulfilled and active participants in community life. Create provide accessible supported activities within community locations, and ensure participants receive a meaningful and quality service.

 

Create provide a five-day programme of activities in various community resources including sport, dance, creative movement, drama, art, craft, baking, music, gentle exercise, games and multi-sensory activities. We have added new groups this year to our programme. We run two evening groups: a Tuesday evening drama group called Va Va Voom and a Thursday evening Choir. We also provide 1-1 support as required and are registered with the Care Inspectorate for Care at Home.

 

As part of our aims we produce regular performances to showcase skills, and have had several successful performances this year.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

Varied timetable of weekly activities running Monday-Friday, with 3 evening sessions available. New activities started up in January 2024- Zumba, guitar group and mosaic workshops.

 

Student and volunteer placements have continued.

 

Parties, social events and fundraisers have resumed.

 

Students:

We have had 4 RGU social work students on placement for a total of 220 days, and one NESCOL student on placement from September to June.

 

Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The balance held as unrestricted funds at 30 June 2024 was £228,584 of which £224,670 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets and investments. Actual 3 month cash payments totalled £80,415. The current level of reserves is therefore higher than is needed.

CREATE ABERDEEN
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

 

The Trust was set up by Alex Constantinides, Maree Adams and Allan Finnie and recognised as a Scottish charity with effect from 18th June 2010.

 

Memorandum and Articles of Association - governing document. Set up as a company limited by guarantee with charitable status granted by OSCR in 2010.

 

Create has a board of 4 trustees and we are currently seeking to have service user representation on the board.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

D Brands
D Hunter
L Hunter
I Boettcher
A Hutchison
A Skinner
Recruitment and appointment of trustees

Appointment and removal is in Memorandum and Articles of Association, which require that appointment is approved by unanimous agreement of the existing trustees and removal of any trustees by the unanimous agreement of the others. Jackie Taylor has resigned as trustee in June 2015.

The trustees' report was approved by the Board of Trustees.

D Brands
Trustee
11 February 2025
CREATE ABERDEEN
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CREATE ABERDEEN
- 3 -

I report on the financial statements of the charity for the year ended 30 June 2024, which are set out on pages 4 to 14.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of Create Aberdeen for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Wilma A Sim FCCA (non-practicing)
Thyme Tax & Accountancy Limited
36 Angusfield Avenue
Aberdeen
Aberdeenshire
AB15 6AQ
United Kingdom
Dated: 11 February 2025
CREATE ABERDEEN
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
14,869
-
14,869
11,964
3,049
15,013
Charitable activities
4
312,424
-
312,424
293,467
-
293,467
Other trading activities
5
1,431
-
1,431
1,662
-
1,662
Investments
6
1,351
-
1,351
655
-
655
Other income
7
390
-
390
842
-
842
Total income
330,465
-
330,465
308,590
3,049
311,639
Expenditure on:
Charitable activities
8
319,940
2,701
322,641
295,661
17,503
313,164
Total expenditure
319,940
2,701
322,641
295,661
17,503
313,164
Net income/(expenditure) and movement in funds
10,525
(2,701)
7,824
12,929
(14,454)
(1,525)
Reconciliation of funds:
Fund balances at 1 July 2023
218,059
2,910
220,969
205,130
17,364
222,494
Fund balances at 30 June 2024
228,584
209
228,793
218,059
2,910
220,969

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CREATE ABERDEEN
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
3,914
4,892
Current assets
Debtors
15
37,723
41,511
Cash at bank and in hand
194,712
179,921
232,435
221,432
Creditors: amounts falling due within one year
16
(7,556)
(5,355)
Net current assets
224,879
216,077
Total assets less current liabilities
228,793
220,969
The funds of the charity
Restricted income funds
17
209
2,910
Unrestricted funds
18
228,584
218,059
228,793
220,969

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 11 February 2025
D Brands
D Hunter
Trustee
Trustee
Company registration number SC380533 (Scotland)
CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
1
Accounting policies
Charity information

Create Aberdeen is a private company limited by guarantee incorporated in Scotland. The registered office is Inchgarth Community Centre, Aboyne Place, Garthdee, Aberdeen, AB10 7DR, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised 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.
CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on reducing balance
Computers
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 8 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
9,434
-
9,434
10,264
-
10,264
Grants
5,435
-
5,435
1,700
3,049
4,749
14,869
-
14,869
11,964
3,049
15,013
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Invoiced sessions
312,424
293,467
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
1,431
1,662
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
1,351
655
CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
7
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Other income
390
842
8
Expenditure on charitable activities
2024
2023
£
£
Direct costs
Staff costs
266,804
252,001
Depreciation and impairment
978
1,103
Insurance
1,039
1,018
Telephone
888
810
Office costs
1,374
1,025
Sundries
1,950
1,773
Rent
28,583
29,130
Travel
2,333
1,829
Resources
10,663
9,645
Training
550
2,605
Subscriptions
3,635
4,458
Hire of equipment
483
657
Bank charges
925
874
Bad debts
590
4,557
320,795
311,485
Share of support and governance costs (see note 9)
Governance
1,846
1,679
322,641
313,164
Analysis by fund
Unrestricted funds
319,940
295,661
Restricted funds
2,701
17,503
322,641
313,164
CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
9
Support costs allocated to activities
2024
2023
£
£
Governance costs
1,846
1,679
10
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
978
1,103
11
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
16
16
Employment costs
2024
2023
£
£
Wages and salaries
249,696
235,482
Social security costs
13,198
12,050
Other pension costs
3,910
4,469
266,804
252,001
There were no employees whose annual remuneration was more than £60,000.
13
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 12 -
14
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2023
12,426
13,063
25,489
At 30 June 2024
12,426
13,063
25,489
Depreciation and impairment
At 1 July 2023
11,245
9,352
20,597
Depreciation charged in the year
236
742
978
At 30 June 2024
11,481
10,094
21,575
Carrying amount
At 30 June 2024
945
2,969
3,914
At 30 June 2023
1,181
3,711
4,892
15
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
35,674
39,442
Prepayments and accrued income
2,049
2,069
37,723
41,511
16
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
3,402
-
Trade creditors
2,318
2,100
Other creditors
984
2,403
Accruals and deferred income
852
852
7,556
5,355
CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2023
Incoming resources
Resources expended
At 30 June 2024
£
£
£
£
Foundation Scotland Fund
261
-
(52)
209
NHS Fund
2,649
-
(2,649)
-
2,910
-
(2,701)
209
Previous year:
At 1 July 2022
Incoming resources
Resources expended
At 30 June 2023
£
£
£
£
Foundation Scotland Fund
326
-
(65)
261
Peoples Project Fund
9,176
-
(9,176)
-
Avco Mental Health Fund
5,006
-
(5,006)
-
NHS Fund
2,856
3,049
(3,256)
2,649
17,364
3,049
(17,503)
2,910
18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions 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 1 July 2023
Incoming resources
Resources expended
At 30 June 2024
£
£
£
£
General funds
218,059
330,465
(319,940)
228,584
Previous year:
At 1 July 2022
Incoming resources
Resources expended
At 30 June 2023
£
£
£
£
General funds
205,130
308,590
(295,661)
218,059
CREATE ABERDEEN
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
19
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 June 2024:
Tangible assets
3,705
209
3,914
Current assets/(liabilities)
224,879
-
224,879
228,584
209
228,793
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 30 June 2023:
Tangible assets
4,631
261
4,892
Current assets/(liabilities)
213,428
2,649
216,077
218,059
2,910
220,969
20
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

2024-06-302023-07-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2SC3805332023-07-012024-06-30SC380533bus:Director12023-07-012024-06-30SC380533bus:Director22023-07-012024-06-30SC380533bus:Director32023-07-012024-06-30SC380533bus:Director42023-07-012024-06-30SC380533bus:Director52023-07-012024-06-30SC380533bus:Director62023-07-012024-06-30SC380533bus:CompanySecretary12023-07-012024-06-30SC3805332024-06-30SC3805332023-06-30SC3805332022-07-012023-06-30SC380533bus:FRS1022023-07-012024-06-30SC380533char:IndependentExaminationCharity2023-07-012024-06-30SC380533bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP