Charity R¢gi¥tralion No. SC008543 {Scotland SHETLAND PRE-SCHOOL PLAY SCIO UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023 THE A9 PARTNERSHIP LIMITED Chartered A¢counlanls 47 Commercial Road LeThvick Shetland ZE10NJ
SHETLAND PRE-SCHOOL PLAY SCIO CONTENTS Pago Trustees. rep(Ki Independent examiner's report Slalemenl ol financial aclivilies Balance sheet Notes to the financial slalem¢nls 7-12 Th8 following pages do not fomi part of tho Statutory financlal statemènts Detailed slalemenl of financial aclivitses 14
SHETLAND PRE-SCHOOL PLAY SCIO LEGAL AND ADMINISTRATIVE INFORMATION Tru$tee$ The Management Collective are as follows.. Chair Secretary Treasurer Charity number (Scotlandl SC008543 Registerod offlc• Independent examiner The Ag Partnership Limited 47 Commercial Road Lerck tr.elland Isles ZE1 ONJ
SHETLAND PRE-SCHOOL PLAY SCIO TRUSTEES, REPORT FOR THE PERIOD ENDED 31 AUGUST 2023 Thè trustees present their annual rèpoft and financi81 statèments for the Period ended 31 August 2023 The financial statements have been prepared in accordance with the accounling policies set oul in note I to tha financial slalements and comply with tre charity's consb'luliDn, the Charities and Trustee Investment Iscollandl Act 20D5. the Charilies Accounts Iseollandl ReguLg1ions 2006 las amen%Yedl and 'Accounling and Reporting by Chaniies.. Slalemenl of Recommended Prac11ce applicable to chafilies preparing their accounts in accordance with the Financial RepDrting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" OBJECTIVES AND ACTIVITIES Shetland Pre.ScM¢X)I Play ISCIO). has been a voluntary oryanisaiion that was eslalsished as the rewesenlatsve body f¢x Shelland voluntary sector pre-5th001 gioup5. The purpose ol the charity was lo lend suppgrt and offer advicè to prè-$¢hool groups throughout Shetltnd 11 was 8150 the responsibility of Shetland Pre-school Play ISCIO) to run training èvènlslcourses. helping promote child¢are as a career and the importanc8 ol play as well as enhancing the quality of pr&sthool provision It providèd toy1ibrarie¥ and supplied information 10 groups Shetland Pre-school Play (SCIOI worked very closely with all local childcare agencies lo represent the views of member groups on matters of local or national importance and kept up 10 date wrth new legislab'on aThY initiatives also helping promote a mulli.agen¢y approach lo childcare. Shetland Pre-school Play ISCIOI supported voluntary anL1 pnvate sector early learning and childcare providers as well as paienl and toddler 9roup5. assisling Wlth all niattèrs fiom siarting a group to day-to-éay m3nag8mÈnl policies and procedures. We cOgnised and promoted the 5mportance and value of play in the overall development of young children. We encouraged parental and community involvernenl in all aspects of childcare. We wNked lo ensure that 811 children have equality of experience where possible. providing resources that meet Indiwiyual phildren's speofic need5 We also worked towards promoting respect for religious. cultural end have been a vital partner in organising and promoting a variety of
SHETLAND PRE-SCHOOL PLAY SCIO TRUSTEES, REPORT ICONTINUED FOR THE PERIOD ENDED 31 AUGUST 2023 ACHIEVEMENTS AND PERFORMANCE Wagos servlcè Shetland Pre-school Play Iscioi offered 8 Wage5 service. This was used by one group. and generated a srnall amount ol Income for SPP. Stsff developmenl All staff mèmbws had the required qualifficalions and undertook various training opportunities induding attending r818vanl national conlerences and ewents to enwre their professional development was current and that they met best practice CPD reqvirements. Premlses The preniises Ihjl Shelland Pie-school Play ISCIOI ociiipied was iii Maikel House, Lerwick. This building Is a purpose built building lor the 3rd sectoi and currently hThises 18 groiips This w8s beneficial for us ds Il gave us the opportunity to nefv40rk wlh other relevant agencies whilst il helped raise our profile in the local ¢ommiinity as the premisés ad as a one-stop shop for the 3rd Sector It also meant th81 groups could access resourc8s 8ven when the office was not manned as the buikjing has a rec8ptson and LS open untsl 5pm S days a w8ek Staffing Staff consisted of Iwo part-time administrationl loy Iibiary workersFieldworkers. The staff remit was to make sure they fulfilled the obje¢tive3 of the service level agreement with SIC. to keep abieasl of riew initiatives arid legislalion and to reprèsent member groups at a strategi¢ level on a few different working groups irlUding the Early Years Collaborative FNANCIAL REVIEW Tolal1ncome lor the periodtyear was £3S,73512022.. £31.4841. Total Expenditure for Ihe periodlyear was £82.591 12022.. £34,740). Net movemenl in funds for the periodlyear gave a Qeficil of £146,856112022. defficit ol £13,256). Unreslncled funds al the periodlyear end were £9.78612022.' £56.642). There were no rostricteij funds 81 the periojlyear end. Fun4Jlng We received Ouf core funding from SIC childn'S Services Department, which look the form of a sèwice level agreemenl. Al a meeting 26th October 2022 we weré told that the local council would not be continuing with our swvice level agreement and (hal the agreement would cease the 31st Maich 2023. Al the AGM November 2022 the committee decided they would lry to source olher sources of funding to keep Ihe service going. After several meetings including ones with VAS tlie committee cam8 lo the decision Ihal the difficulty In finding funding that would help pay for wages was Iijo difficull aiid Ihal Ime present staff aiid commillee did not have the capacity to continue looking for, securing and reporting on funding on a regular basis Il was greed that SPP would need to close Al a meeting on 9th Febrtsary 2023 Sn action plan lor closure was drawn up, as the committee had looked al the finances and agreed Ihere was sufficient lo keep thè grwp running until July 2023 and that all assets etc would be d151ribuled to other chanlable groups mainly the parent and loddler groups the ¢hanty had supported. All debls and financial obligations were mel and OSCR was notified to seek pemiission lo dissolve the chanty. Reserves poll¢y As the organisation has ceased to operate 1he requirement lo maintain a carlain level of reserves is no longer relevanl
SHETLAND PRE-SCHOOL PLAY SCIO TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT The Irusiees that served during the year were as follows. The charity. Scotland Pr&School Play ISCIOI, previousty consliluted as a company limited by guarantee and registered under company numb8r SC27Q939, converted lo a S¢ottish Chairtable Incorporated OrganisaliDn ISCIO) namgd Shetland Pre Schod Play SCIO on 14 November 2012 Shetland Pre School Play ISCIOI is goVernj by ils constilulion. Shetland Pre-school Play ISCIOI is slruclured with a board of Iruslee5 who are rèp(esenlalive of the membgr groups tsf the organisalion. From this boord, a management committee is selected. by election. al the Annual General M4ébng {AGMI. The managernenl committee consists of the following posilions.. Chaii,. Secretary.. and Treasurer. Trustees Our Trustees were proposed and seconded at the annual AGM. Onc& appoinled an induction look plaGe with the current Chair in whch new Truslees are made aware ol the group's policie5 and prOvreS and what thtrir role and duties were as Trustees Any gaps in knowledge identified resulls in relevant traiThng baing given. The last AGM was held November 2022. The Iiustees. report W8s approved by the Board ol Tru51ees.
SHETLAND PRE-SCHOOL PLAY SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHETLAND PRE-SCHOOL PLAY SCIO I report on the financial statements of the tharity for the Period ended 31 Augugt 2023. which are set out on Pages 5 lo 12. Respectlve responslbllltl•s ol trusi88s and examln8r The charity's trustees are responsible lor the preparation of the financial statements in a¢cordatKe with the terms of the Charities and Trustee Investments Iscollancll Act 2005 and the Charities Accounts Iscotlandl R8gulations 2006 The charity's Iruslees con&der that the audit requirernenl ol Regulation 101111al to Icl of the 2006 Accounts Regulation5 does not apply. It Is my respon&bilily lo examine the financial statements as r8quir8d under section 4411 Ilc) Df the Act and 10 State whether particular matters have come to my attention. Basls of Independent examlner's statement My examination is carried out in accorL1ance with Regulation 11 of the 2006 Accounls Regulation$. An examination indudes a review of the acGountsng records kept by the charily and a comparison of the financial statements presented wth those records. 11 also Includes ¢onsidÈration of any unusual items or disdosures in the finanei81 statements. and seeks explanations from lh8 trustaes conceming any $u¢h matters. The procedures undertaken do not proVe all the evidence thal would be required in an audit and consequently I do not express an audit opinion on the view given by the financial slalernenls. Independent examlnerfs statement In the course of my examinalion, no malter has come lo my attention. lal bthich gives rne reagonable Cause lo believe that in any material resrecl the requirements.. lil lo keep 8ccounbng records in accordance with section 4411} lal of Ihe 2005 Act and Regulation 4 Ihe 20( Accounts RegulaliDns, and lill to prepare financial slalements whith accord with the accounling records and ¢ornply with Regulation 8 of the 20C6 Accounts Regulation$; have not been met or Ibl lo which, in my opinion, attenlKJn shtJJld be drawn in order lo enable a proper understanding of ltre financial slalements lo be reached. The A9 Partneiship Limite 47 Commerc1al Roa¢Y Lerwi¢k Shellend Isles ZE1 ONJ
SHETLAND PRE-SCHOOL PLAY SCIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST2023 2023 2022 Notes Incorne Irom.. hantable aclivilies 35.735 31.484 Expendllure on: hanlable acliwties 82.591 34.740 N•1 expenditure for the yearl Nei movement In funds 146,8561 13,2561 Fund balances at 1 April 2022 56,642 59.898 Fund balances at 31 August 2023 9,786 $6.642 Th& slalement of finan¢ial activities includes all gains and losses recognised in the Period. All income and expenditure (Jerlve from continuirvJ activities.
SHETLAND PRE-SCHOOL PLAY SCIO BALANCE SHEET ASAT31 AUGUST2023 2023 2022 Not•s Current assets Debtors Cash at bank and in hand 9,786 7,277 55,486 9.786 62,763 Credbtors.. amoufftts falllng de within one yo•r 16.121) Nel current assets 9.786 56,842 Income lund3 Unrèstricted funds 9.786 56.642 9.786 56.642 financial slalements were approved by the Trustees on . 13.: 1 2..Jr>23
SHETLAND PRE-SCHOOL PLAY SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGusf2023 Accountlng poll¢lè6 Charity Snforniation Shetland Pre-school Play SCIO is a Scotti$h Charitable Incoiporaled Organisation ISCIOI. The registered office is Market House, 14 Market Street. Lerwick, Shetland Isles, ZE1 OJP. 1.1 Accountlng conventlon The financial 51alemenls have been prepared in accordance with the charity's Igoverning documenll, the Charilies and Trustee Investment (Scollandl Act 2005, the Charrties A¢¢ounls {Scotlan¢} Regulation5 2006 las amended). FRS 102 'Tf Financial Reporting Standard applicable in the UK and Republic of Ireland. fFRS 102.1 and the ChaTilies SORP "A¢¢ounling and Reporting by Charities.. Slatemenl ol Recommended Practice ap1¢able to Charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in Ihè UK and Rgpublic of Ireland IFRS 1021" leffeC've 1 January 20191 The chanty is a Public Benèfit Entsly as defined by FRS 102. The charily has taken advanlage ol the provisions in the SORP lor charities not to prepar& a Slalunenl of Cash Flow5. The financlal staiernents are prepared in sterting. which is the functional currency of the charity. Uonelary amounts in these financial stslemenls are rounded to thè nearest £. The trustees have elected to preparè acwals accounts rather than Teceipls and payments accounts. 1.2 Golrng concem Due to fundrng Issues Shetland Pre-school Play SCIO has ¢eased to operate therefore rt is not considered appropriate to prepare the finarsoal slalemenls on a going concern basis. The financial statements have been prepar8d on a b86is consistent with applicabl accounting standards for this type of organisalion. taking into account the tmstèe's ¢Jecision lo dissolve the tharrty. 1.3 Charltabl• fund$ Unreslricled funds are available for use at the discretion of the Iruslees in furtherance of their charilable objectives. ReStrle tsnds are subject lo speeific conditions by donus as lo how they may be used. 1.4 Incomè Income is recognised when the charity is legally entitled to il after any Ferformance condition5 have been mel, the amounts can be maasurecl reliably. and il is probable that incorne will be reiVed. Incoming reSoUrS from gran15. where related to performance and specific ¢Jeliveratyles, are accounted lor as the charity earns the right lo consideration by ils performance. 1.5 Resourc Expended Expendilure is recognised on an accruals basis as a liability is incurred. Expenditurè includes any VAT vthich annot be recovered énd is reported as part of the expenditure lo whith il relates. charitab exper#Jitu comprises those costs incurred by the charity in Ihe delivery of i(s a¢tsvilies and servi¢es lor the beneficiaries. Governance costs inelude tha costs associated wrth meeting the consilulional and statutory requirements ol the charity. Creditors and provisions are recognised whon tho Charity has a present obligation r•$ullirvJ fr¢m a past event that will probably r8sutt in the transfer of lunds to a third party and Ihe amount due to setue the obligation can be measured or estimated reliably Creditors and provi&ons are normally recognised at their settlement amount after allowing for any dixounls due.
SHETLAND PRE-SCHOOL PLAY SCIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023 Accounting wllelos Iconllnued} Expenditure Is recognised on an aceruals basis as a liabil'ty is incurred. Eypendilure includes any VAT whKh cannot be recovered and is reported as part of the expenditu lo which it relates. Charilabk expenditure comprises those costs Incurred by the eharity In th8 delivery of Ils activilies and services for thè beneficiaries. Goveman¢e cosls include the costs ass¢xialed with meeting the consilubonal and slalulory requirernenls of the charily. CrediloTS and provisions are recognised when the charity has a p¥esenl obligation resulting from a past event that will prDbably result in the transfer ol funds lo a ihird party and the amount due to settle tho obligation can be measured or estimated reliably. Ciedilors and provi&cfis are normally recognised at IrEir SettleftnI amount after allowing for any discounts due 1.6 Cash and ¢a8h equivalents Cash and cash equivalents is held lo meet the short-lerffl cash ccfflmitmenis as they fall due raiher than for any investment purpose$. 1.7 Flnanclal Instruments Tha ¢hafily only has financial assets and Iiabililies of a kind that qualify as basic finan081 irtrUMents. Basic nancial instrumèntg are initially recognised al transaction value and subsequently measu1 81 their sètllemenl value. Derècognition of financlal liabblities Financial liabilities are derecognisèd when ltr ch¥rity's contractual obligations exré or are dischargad or cancelled. 1.8 Employoe bgnelSts Thè cost of ar¢y unused holiday enlttlemenl is reeognised in the peri¢xl in which the eMoYee'S sarvices are received. Terniinalion benefits are recognised immeth'alely as an expense when the charity is demonstrably committed lo terminate the employment of an employee Qr lo provide lermin8titrn benefits 1.9 Retirement bènefits Payments lo defined Gonlribulion ieliremenl benefil schernes are chargod as an expense as they fall due. 1.10 Debtors Debtors include amounts owed to the charity for the Provision of gocJs and seNices or arnounts paid in advance for goods and services that the charity will receive. Debtors are measured al their recoverJle arnounts. Any arnounls recoverable more than one year after the end of the reporting period is measured al its present value at th8 balance sheet dale rf the time value of money is malenal and the settlement temis constitutes a fmanung transaction.
SHETLAND PRE-SCHOOL PLAY SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023 Charltable actlviiles 2023 2022 Services provi(Je4 under contract Grants received 350 35.385 448 31,036 35,735 31,484 Analysis by fund Unrestricted funrjs Restricted lunds 35,735 35,735 For the Pertod ended 31 March 2022 Unrestricted funds Resliicted funds 31,484 31,484
SHETLAND PRE-SCHOOL PLAY SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST2023 Charliable actlvllles 2023 2022 Staff costs Insurance Slalionery and postage Office expenditure Svndry expense5 Travel and subsistence Subscriptions Toy library purchases Disclosure costs Pen&on administrator fees Other charitable expenditure 16,784 S56 127 8,225 11.867 1.712 27 5,163 175 56 282 190> 59 648 32,190 300 1,114 518 58,937 20.878 Share of support costs (see rle 91 Sharè of governance costs (sèè note 101 21,470 2.184 12.338 1,524 82.591 34,740 Anafysls by fund Unrestricted funds 82.591 82,591 For the Perlod ¢nd•d 31 March 2022 unrestrle lunds 34.740 34,740 Tfu$l6 Total expenses of £314 12022.. £751 were reimbursed to 1 trustee during the year, relating to various purchase5. Support costs Support costs relate to treasurer wages of £6,119 and adMintratton wages of £15,351. 10-
SHETLAND PRE-SCHOOL PLAY SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST2023 Employees Number of omployees The average monthly number ol employees during Ihe Period was.. 2023 Number 2022 Number Employment costs 2023 2022 SPP fieldworkeTS ages and salaries Other pension costs 14,826 1,958 11.702 165 16,784 11.867 There were no employees vknose annual remuneratson was £60,000 or more. Governance costs Governance costs relale lo IrKJependenl Examiner's fees of £3.684. Debtor5 2023 2022 Amounts lalling due wilhln one year.. Trade deblors Other debtors Prepayments arKI accrued income 9,786 5,853 314 9,786 7.277 Creditors.. amounts falllDg due wlthln one year 2023 2022 Oiher laxalion and soaal securily Traée creditors Other creditors A¢cTuals and deferred iOe 2,180 302 645 2.994 6.121 11
SHETLAND PRE-SCHOOL PLAY SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST2023 10 Analy¥ls ol net assets betw••n funds Unrestrlcted Funds 2022 Fund balance5 al 31 August 2023 are represented by". Current asseisiiliats'liliesi 8,286 SS.642 8,286 58.642 Unrestricted lunds represent surpluses generated Irom general activities of the charity which can bg used al the discretion of the Iruslees In the furtherance of the obieclives of the charity. Restricted funds rekyesent funds reslricled by donor reqlrernenl5, 11 Related party transacllons Romuneratlon of key management personnel The remuneration ol key managemenl personnel is as follows. 2023 2Q22 Aggregate compensabon 58,063 54,178 d lo Iruslee's as follows.. remunerabon £6.119 pension £0 remuneralon £18,994 pension £383 remunerabon £22,903 pension £500 remunerabon £9.076 pènsion £89 12022. £3.2331 12022: £16.5121 12022.. £22,280) 12Q22.' £10.1531 Remuneration is paid lo Iruslees as authonsed by the SCIO'S conslilutn. Trustees are not remunerated for their work as trustees bul for the work they perform in the course of their employment wlh Shetland Pre- Schwl Play SCIO. Please note that some of the Iruslees remunerale(J and included in the disclosure above are employed by those groups Ihal use Shetland Pre-school Play SCIO as a wages service provider. 12-
SHETLAND PRE-SCHOOL PLAY SCIO MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023 The following pages do not fomi part of the statutory Ilnan¢lal statements whbch ar? the subject of th• Independent examlnefs report. 13-
SHETLAND PRE-SCHOOL PLAY SCIO DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 Period ended 31 August 31 March 2022 2023 INCOMING RESOURCES Income trom Chaiitable Activltle$ Wages seNce fees slIan Islands Counal 350 35.385 448 31,036 35.735 31,4B4 TOTAL INCOMING RESOURCES 35.735 31,484 OUTGOIMG RESOURCES Charilable Expenditure FEIthoTkers' salaries Slaff pensK)n costs defined contribution Insurance Slalionery and postage Office equipment Sundry expÈn5es Travel subsistènc8 subscripln$ Toy library purchases Disclosure expenses Pension adminislralor fee¥ PAYE inlefesl paid Oonalions Administralorfs wages Treasurerfs wages Share ol governarKe costs 14,826 1.958 656 127 8,225 11.702 165 1.712 27 5.163 175 56 282 90 59 648 300 1.114 518 32.188 15.351 6,119 2, 184 9,105 3,233 1,524 82,591 34,740 TOTAL OUTGOING RESOURCES 82,591 34,740 NET MOVEMENT IN FUNDS 46,856 3.256 14