CHARITY REGISTRATION NUMBER: SC007769 THE PORTESSIE PLAYGROUP UNAUDITED FINANCIAL STATEMENTS 31 JULY 2024 RITSONS Chartered accountants 26-30 Marine Pla Buckle Moray AB56 1 UT
THE PORTESSIE PLAYGROUP FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 PAGE Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not fomi part of the financial ststements Detailed statement of financial activities 13 Notes to the detailed statement of financial activities 14
THE PORTESSIE PLAYGROUP TRUSTEES. ANNUAL REPORT YEAR ENDED 31 JULY 2024 The trustees present their wporl and the unaudited financial str1entS of the chanty for the year ended 31 July 2024 REFERENCE AND ADMINISTRATIVE DETAILS Rogl•t•r•d ¢harlty nam• Tha Portossva Play9roup Charlty reglstratlon numb•r SCCQ7769 Prlnclpal offlc? Portessie Pnmary School School Road Portessie AB56 1TN THE TRUSTEES INDEPENDENT EXAMINER STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng doGum•nt The A330Gialion is a charitable unincorptyaled asJoci)lion and the purpose# and administration 8Trangemen13 are set out in our con3tibJtion. R•crultm•nt and appolntmonl of Tru•t• All of the As$o¢iali¢n'$ Iwsiees are appointed or reapw'nled by memtéts at cwr annual general meeting, which Is held in September each year. 08JECTIVES AND ACTIVITIES CharStable purpos•s The charitable purpose of the chanty is lo yovide pre¥h0O1 education play9roup pl8¢es for up to 24 children in the age range frorn 2 10 5. ACHIEVEMENTS AND PERFORMANCE The charity conbnued lo deliver the stslutory Curricul oUghoUt the yew which Included stimulating and Challenging acknvilies and experiences.
THE PORTESSIE PLAYGROUP TRUSTEES. ANNUAL REPOR T (eonthu•dJ YEAR ENDED 31 JULY 2024 FINANCIAL REVIEW Resgrvos As a result of the suwus of £14,427 12023.. £48.031) for Ihe yew. the charty hdd unrestricted fvnd of £349,91512023. £335,488> INDEPENDENT EXAMINER as been appointed as iThJependenl examiner for the ensuing year. The trustees, annual report was approved ...2c,.Ic.s.ls.... and signed on teh3lf of the board Df trustees by".
THE PORTESSIE PLAYGROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PORTESSIE PLAYGROUP YEAR ENDED 31 JULY 2024 I r8port on the financial statentS for Ihe year ended 31 July 2024, whh comryise the statement of financial aclivilies, statement of financial position and the related notes RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are reswnsitje for the preparation of the accounts in accoance with the terms ol the Gharllbes ano Trustee Investrnenl (Scollandl kt 2005 and the Charities Accounts ISGo11aTrJl Regulations 2D06. The charity trusiees consider that the audrt QUireMen1 ol Regulation 1011 }lal to Ic} ol the 2006 Accoun13 Regulations does not apply. It 13 my re3pon$ibility to examine the accounts •$ required under section 4411){cl of the Act and to state whelhw particular mattèrs h•v¢ come to my attention BASIS OF INDEPENDENT EXAMINER'S REPORT My examination i8 Carried out In accordance wlh Regulalion 11 of the 2006 Acccunls Regulations. An examination includes a review ol accounting recofds kept by the charity a comparison ol the accounts presented with those records. 11 also Induces CDnsideration of any unusual Items or Isclosures In the accounts, and seeks explanations trom Ihe trustees o)ncemlng any such matters. The procedures undertaken do not prowde all the evidence Ihat would be required In an audit and orequentIY I do rKJt express an avdil OPInn on the view given by the accounts. INDEPENDENT EXAMINER'S STATEMENT In connection with my exafflinab. no malter has com8 to my attention.. 111 which gNes me r888onable cause to bel*ve that in any maienal respect the requirements.. lo keep accounliri9 records In accordance with sectson 4411}la) of the 2005 Act and Regulation 4 01 the 2006 Asxounts Regulations. and to prepare accounls vthich accord with Ihe aGcounl¥ig rOrdS and comply with Regulation e ol Ihe 20Ce Accounts Regulati5 have not been met. or 121 lo which. in my opinn. attanlion should be dfawn In order to enabkry a proper uThJerstsnding of the accounts lo be reached
THE PORTESSIE PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 JULY 2024 2024 Unrestncted funds Tot•1 funds Totsl funds 2023 Income and endowmonts Donations and legacies Charitable activities Other trading activities Other income 179.937 2.988 4,648 494 179,937 2,988 4,648 494 156,978 2.584 2,763 473 Total Income 188,C67 188,067 162,798 Expendlture Expenditure on ¢haritsble aclivrties Total •xpendltur• 173,640 173.640 114,767 173,640 173.640 114,767 Net Incomo Ind n•t rnov•m•nt In fund• 14.427 14.427 48,031 Reconclllatlon of funds Total funds brought fOard Tot•1 funds c•rrl•d forw•rd 335,488 335,488 349.915 287,457 349.915 335,488 The slalemgnt of financial activities includes all 9ains and losses recognised in tho year. All income and expenditure derive from ¢ontsnuing aclivilies. Th? nots• on p•w 6 to 11 fomi part of the finonclal 8tst•m•nts.
THE PORTESSIE PLAYGROUP STATEMENT OF FINANCIAL POSITION 31 JULY 2024 2024 2023 Note FIXED ASSETS Tangible fixed assets 13 6,765 7.451 CURRENT ASSETS Deb1015 Cash al bank and in hand 14 167 344.756 148 331.109 344,913 331,257 CREDITORS: amounts lalllng duo wbthln ono year NET CURRENT ASSETS 15 1,763 343.150 3.220 328.037 TOTAL ASSETS LESS CURRENT LIABILITIES 349,915 335.488 FUNDS OF THE CHARir Unreslricled funds 349,915 349,915 335,488 335,488 Total chlrlty fund¥ 16 These fin .2Q)Ici ncial statements approved by the towd of trustees and authon$ed for Issue on .. ano are signed on behalf of the board Dy.. The nots• on p#ge¥ 6 to 11 forn) part of th•se financl¥l 3t•t•mgnt8.
THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 GENERAL INFORMATION The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal offe is Portessie Primary School, School Road. Porte55ie, AB56 1TN. STATEMENT OF COMPLIANCE These financial stslemenls have been prepared in ¢ompliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic gf Ireland,, the Statement of Reeommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 {Charities SORP IFRS 10211 and the Charities and Trustee Inveslrnent (Scollandl Act 2005 and th8 Charity Accounts (Scollandl Regulations 20061a$ amended). ACCOUNTING POLICIES Bas1• of prnpaT•tlon The finan¢ial slalemenls have been prepared on the historical cosi basis, as rmidified by the revaluation ol certain financial assets and IiabililwJ and investment properties measured al fair value through income or expendilure. The financial stslements are prepared in sterling. which is the fvnclional currency of the entity. Golng conc•rn There are no matorial un¢¢rtainlies about the charity's ability to continue. Fund accountlng Unreslricled funds are available for use at the discretion of the trustees to fvrther any of the charity's purposes. Designated lunds are unrestricted fvnds eafflwrked by the Iruslees lor particular future project or commitment. Restricted ndS are subjected to restrictions on their expendrture declared by the donor or through the terms of an appeal. and fall into one of tsvo sub<lasses". stn'c1ed income funds or endowment fvnd$.
THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS I¢0 YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES {cryillnuodJ Income All incoming resources a included in the statement of financial activities when entitlement has P8S5ed to the ch8rity', rt is probable that the economic benefits associated with the transaction W111 flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recojnised when there is evidence of entsement lo the gift, receipt is probable and its amount can be measured reliabty. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is ffasured al the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilitie5 and services are recognised in the accounts when received if the value can be reliably measured. No amounts are ineluded for the contribution ol general volunteers. in¢orne frorn contracts for the supply of services is recognised with the delivery of the conlraeled service. This is classified as unrestricted fttnds unles5 there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent. in which Case it may be regarded as reslricled. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities lo which it relates.. expenditure on raising funds includes Ihe costs of all fundraising activibes, evenl$, non-charitable trading activits, and the sale of donated goods. expenditure on ehalltable ac"vits"es includes all costs incurred by a chanty in undertaking activities that fvjrther its charitsble aims for the benefit of its beneficiaries. including those support eosls and costs relating to the governance of the charity apportioned to charitable activf(ies. other expenditure includes all expenditure that is neither reL4led lo raising hJnd$ for the charity nor part of ils expendrture on eharitable activrties. All costs are allocated lo eXpendrtU categories reflecbng the use of the resource. Direct $t$ attributable to a single activity are all¢)Cated directly to that activity. Shared costs are apportioned between the a¢tNilies they contribute to on a reasonable. justifiable and consistent basis. Tanglble •ssets Tangible assets are initially recorded at cost. Depre¢Sation Depreciation is caleulaled so as lo wnte off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Equipment 15% reducing balance
THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (¢onOTny•dJ YEAR ENDED 31 JULY 2024 DONATIONS ANO LEGACIES Unrestricted Tot*1 Fund8 Unreslricled Totsl Funds Funds 2024 Funds 2023 DONATIONS Donations 2,695 2,695 GRANTS Moray Council grant 177.242 177,242 156,978 156,978 156,978 179,937 179.937 156.978 CHARITABLE ACTIVITIES Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Session fees 2,988 2.988 2,584 2,584 OTHER TRADING ACTIVITies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising ev8nls 4,848 4,648 2,763 2,763 OTHER INCOME untricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Other Income 494 473 473 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUNO ThPE Unrestricted Funds Reslricled Total Fund• Funds 2024 Play9roup costs Support ¢o$ts 171,307 2.333 171,307 2,333 173.640 173.640 Unreslricled Funds Re$trieled Total Funds Funds 2023 Playgroup costs Support wsts 103,764 2.397 8,606 112.370 2.397 1C6.161 8,606 114.767
THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS {¢ontlnu•dJ YEAR ENDED 31 JULY 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Acts'vities undertaken direcuy Support Total funds costs 2024 Total fund 2023 Playgroup costs Governance costs 171,307 171.307 2,333 173.640 112.370 2,397 2,333 171.307 2,333 114,767 10. NET INCOME Net income is ststed after chargin{credItIng)-. 2024 2023 Depreciation of tangible fixed assels Fees payable for the audit of the financial statements 1.195 890 1.318 827 11. STAFF COSTS The lotsl staff costs and employee benefits for the pOrbn9 period are analysed as follows.. 2024 2023 Wages and salaries 134.749 100,321 The average head count of employees durin9 the year was 812023.. 7). No employee received employee benefits of more than £60,000 during the year12023'. Ni51. 12. TRUSTEE REMUNERATION AND EXPENSES Trustees did not e1Ve any remuneration for their work dunng the year. 13. TANGIBLE FIXED ASSETS Equipment Total Cost Al 1 August 2023 Addition5 14,412 509 14.412 509 At 31 July 2024 Depreciatlon Al 1 August 2023 Charge for the year At 31 July 2024 Carrylng amount At 31 July 2024 Al 31 July 2023 14,921 14.921 6,961 1,195 6.961 1.195 8,156 8,156 6,765 6,765 7,451 7.451
THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (¢tynllnu YEAR ENDED 31 JULY 2024 14. DEBTORS 2024 2023 Prepayments and accrued income 157 148 15. CREDITORS: amounts falling du¢ within one year 2024 2023 Trade creditors 1.763 3,220 16. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds Al 1 August 202 At Income Expenditure 31 July 2024 General fvnds 335.488 188,067 {173.6401 349,915 Al 1 August 202 At Income Expenditure 31 July 2023 General funds 278.851 162.798 {106,1611 335,488 Rgstrlcted funds At 1 August 202 At Inrne Expendtture 31 July 2024 Moray Council Grant Al 1 August 202 At Income Expenditure 31 July 2023 Moray Council Grant 8,606 {8.6061 Moray Council relates to funding receNed for addilKinal support wages for the playgroup. 10
THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (¢onllnu•d) YEAR ENDED 31 JULY 2024 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS unstricted Total Funds Funds 2024 Tangible fixed assets Current assets 6,765 343, 150 6,765 343,150 Nèt aisèts 349,915 J49,915 unstrICted Totsl Funds Funds 2023 Tangible fixed assets Current assets 7,451 328,037 7,451 328.037 Nol a••et• 335,488 335,488 11