CORSTORPHINE VILLAGE PLAYGROUP
REPORT AND ACCOUNTS For the year ended 31 March 2025
Charity No. SC008829
CORSTORPHINE VILLAGE PLAYGROUP YEAR ENDED 31 MARCH 2025
REPORT OF THE TRUSTEES
The trustees are pleased to present their report together with the financial statements and independent examiner’s report for the year ended 31% March 2025.
Reference and Administrative Information
Charity Name:
Charity Registration Number:
Corstorphine Village Playgroup SCO08829
Address: Corstorphine Old Parish Church Hall 2 Corstorphine High Street Edinburgh EHI2- 755
Trustees at 31% March 2025:
Staff
Constitution
The Charity is an unincorporated association. It is governed by its constitution which was adopted on 23 September 2024.
Appointment of Trustees
The Playgroup Committee, which normally meets on a six-weekly basis, are the charity’s trustees. Membership of the Playgroup Committee is open to all parents and guardians of children in the Playgroup. Trustees are elected at the Annual General Meeting which is normally held in June.
Management
The trustees are responsible for the strategic direction and governance ofthe club, whilst day-to-day running is delegated to the Playgroup Manager and her staff, all of whom are paid members of staff. The trustees are particularly aware of their responsibilities for Health and Safety, especially for the children. In addition to comprehensive insurance, our staff all have disclosures under the Protection of Vulnerable Groups (PVG) Scheme.
Objectives and Activities
The aim of the Playgroup is to provide a wide range of experiences and opportunities within a Safe, caring and stimulating environment. The Playgroup aims to provide for the needs of the children as individuals, giving them the chance to develop and learn through play, offering them plenty of praise and encouragement along the way.
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CORSTORPHINE VILLAGE PLAYGROUP YEAR ENDED 31 MARCH 2025
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REPORT OF THE TRUSTEES (continued)
Achievements & Performance
The major achievement this year continues to be simply staying afloat. It has been a very difficult time for our staff and it is a great credit to them that we are still in operation.
Financial Review
In the year to March 2024 we had turned a loss of over £3,000 into a small profit of £400. In this year we managed to increase our profit to nearly £3,000. This was largely due to the increase in the level of fees together with very successful fund-raising.
There is a concern that our fees of £16.50 per session may be making us uncompetitive so we may not increase them further for next year. We would hope that any loss from that would be recouped by increased attendance.
Plans for future Periods
The Trustees intend to continue and develop the service that the Playgroup provides for the benefit of children in the community.
Approved by the Trustees and signed on their behalf by:
Corstorphine Village Playgroup Receipts and Payments Year Ended 31 March 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|As|at|31|March|2025|As|at 31|March|2024|
|General|Restricted|Total|General|Restricted|Total|
|funds|funds|funds|funds|
|£|£|£|£|£|£|
|Receipts|
|Fees|38,619|-|38,619|34,766|-|34,766|
|Fundraising|1,763|-|1,763|966|-|966|
|Donations|10|-|10|10|-|10|
|Edinburgh|council|contribution|1,605|1,605|428|-|428|
|Bank|Interest|45|-|45|43|-|43|
|Other|Income|-|-|-|-|-|-|
|40,437|1,605|42,042|36,213|-|36,213|
|Payments|
|Salaries|29,680|-|29,680|28,740|-|28,740|
|Rent|5,700|-|5,700|5,187|-|5,187|
|Registration|Fees|66|-|66|102|-|102|
|Insurance|306|-|306|250|-|250|
|Training|-|-|=|76|-|76|
|Snacks|482|-|482|435|-|435|
|Toys & Craft|Materials|-|”|-|377|2,997|3,374|
|IT items|-|1,586|1,586|-|-|-|
|Stationery & Supplies|65|-|65|37|-|37|
|Fundraising Expenses|-|-|-|40|-|40|
|Refund|of fees|742|.|742|-|-|-|
|Other Expenditure|474|.|474|556|-|556|
|37,515|1,586|39,101|35,800|2,997|38,797|
|Surplus/(deficit) for the year|2,922|19|2,941|413|(2,997)|(2,584)|
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Corstorphine Village Playgroup
Balance sheet
As at 31 March 2025
| As at 31 | As at | 31 | |
|---|---|---|---|
| March 2025 | March | 2024 | |
| £ | £ | ||
| Current assets | |||
| BoS Treasurer's Account | 4,503 | 1,333 | |
| BoS Business Account | 4,158 | 4,113 | |
| Cash in hand | (124) | 150 | |
| 8,537 | 5,596 | ||
| Funds | |||
| Restricted Funds | 19 | - | |
| Designated Funds | |||
| Redundancy contingency fund | 4,200 | 3,200 | |
| Continuing Professional Development Fund | 2,000 | 2,000 | |
| 6,200 | 5,200 | ||
| Remaining available funds | 2,318 | 396 | |
| TotalFunds | 8,537 | 5,596 |
Restricted Funds
Restricted funds arose from Council grants for equipment which had not been spent during the year in which they were received.
Designated Funds
Redundancy contingent Fund :- The Playgroup is required to retain sufficient funds to cover redundancy costs should the Playgroup be forced to close.
Continuing Professional Development Fund :- Each member of staff has ongoing continuing professional development obligations. These funds have been set aside by the Playgroup to assist with any staff training needs relating to these requirements but these have had to be reduced.
Remaining available funds
The Playgroup aims to retain funds at least equal to one term's rent and 3 months’ other costs. It should be noted that we no longer have sufficient funds to do so.
INDEPENDENT EXAMINER’S REPORT TO THE COMMITTEE OF THE CORSTORPHINE VILLAGE PLAYGROUP — SC008829
| report on the accounts of the charity for the year ending 31 March 2025.
Respective responsibilities of committee members and examiner
The charity's committee are responsible for the preparation of the accounts in accordance with the terms of the Charity and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity committee considers that the audit requirement of regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts 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 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to me attention:
- which gives me reasonable cause to believe that in any material respect the requirements:
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e to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations (as amended)
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.