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 str1e￿ntS 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 state￿ntS for Ihe year ended 31 July 2024, wh￿h 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 acco￿ance 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 or￿equentIY I do rKJt express an avdil OPIn￿n 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 r￿OrdS and comply with Regulation e ol Ihe 20Ce Accounts Regulati￿5 have not been met. or 121 lo which. in my opin￿n. 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 fO￿ard 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$ed for Issue on .. ano are signed on behalf of the board Dy.. The nots• on p#ge¥ 6 to 11 forn) part of th•se financl¥l 3t•t•mgnt8. THE PORTESSIE PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 GENERAL INFORMATION The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal off￿e is Portessie Primary School, School Road. Porte55ie, AB56 1TN. STATEMENT OF COMPLIANCE These financial stslemenls have been prepared in ¢ompliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic gf Ireland,, the Statement of Reeommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 {Charities SORP IFRS 10211 and the Charities and Trustee Inveslrnent (Scollandl Act 2005 and th8 Charity Accounts (Scollandl Regulations 20061a$ 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