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THE PATCHWORK 2 —- 5 NURSERY FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025
CHARITY NO: SC009128
THE PATCHWORK 2 - 5 NURSERY CONTENTS
| Pages | |
|---|---|
| Report of the Trustees | 1-2 |
| Independent Examiners Report | 3 |
| Receipts & Payments Account | 4 |
| Statements of Balances | 5 |
| NotesFormingpartoftheFinancialStatements | 6 |
Page 1
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THE PATCHWORK 2 —- 5 NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Charity Name
Patchwork 2 - 5 Nursery
Registered Charity Number SC009128
Charity’s Principal Address Edward Street Community Centre Edward Street Dunoon Argyll PA23 7PH
Charity Trustees:
Structure, Governance and Management
Patchwork 2 - 5 Nursery is a charitable unincorporated association and our purposes and administration arrangements are set out in our constitution.
All of the Charity’s Trustees are appointed or reappointed by our members at our Annual General Meeting which is generally held in November each year.
Objectives and Activities
Our purposes, as recorded in our constitution, are to provide early learning and childcare for children aged 2 to 5 years from Dunoon and its surrounding area. These activities support parents and carers to take up employment, training and respite opportunities.
Achievements and Performance
Academically another successful year for the nursery. The nursery has continued with the delivery of it’s service in accordance with ‘Curriculum for Excellence and the pre-Birth to Three Positive Outcomes for Scotland’s Children and Families’. The nursery has been full to capacity since August 2021 and will continue to be so for the year ahead we have had a change of staff in the past year, but they have all settled in well and have built up good relationships with all of our children and families.
Page 2
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THE PATCHWORK 2 - 5 NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Financial Review
Financial Year 2024-2025 has proved to be a good year for the Nursery in terms of its overall performance financially.
The factors that have contributed to the Nursery’‘s current financial standing, including:
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Pre School Education Funding is administered by the local authority therefore we are now paid every month.
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We have got a steady number of funded 2-year olds which provides a regular income for the nursery.
We continue with our efforts to: increase uptake of all available services; reduce our running costs; maximise fundraising.
The Management Committee are fully cognisant of the various factors which have the potential to effect the on-going viability of the Nursery and its services and continue to monitor the situation on a monthly basis.
The Nursery aims to provide a quality service at an affordable rate to families on low incomes. Accordingly our rates are very competitive when compared against similar service providers in the area, however because of this and our charitable status it does mean that our operating margins are always tight and can readily be affected by external factors, such as the general downturn in the economy.
a _e
Page 3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PATCHWORK 2 —- 5 NURSERY
I report on the accounts of the charity for the year ended 31 March 2025, which are Set out on pages 1 to 6.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider 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. 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 explanation 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 | 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 my attention:-
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at Which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations, and
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- To prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
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have not been met, or
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- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Page 4
THE PATCHWORK 2 —- 5 NURSERY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 202
| Notes | Unrestricted Funds |
Unrestricted Funds |
Restricted Funds |
Restricted Funds |
Restricted Funds |
2025 Total |
2024 Total |
|
|---|---|---|---|---|---|---|---|---|
| Receipts | ||||||||
| Grants Nursery Fees |
5 | 136,235 16,107 |
2,031 - |
138,266 16,107 |
147,701 10,276 |
|||
| Receipts from Fundraising | Activities | 947 | - | 947 | 937 | |||
| Argyll Lottery | 61 | = | 61 | 104 | ||||
| Total Receipts | 153,350 | 2,031 | 155,381 | 159,018 | ||||
| Payments | ||||||||
| Expenses for Fundraising | Activities | - | ||||||
| Costs relating directly to | ||||||||
| Charitable Activities | 6 | 167,681 | 1,882 | 169,563 | 139,751 | |||
| Governance Costs | 876 | 876 | 798 | |||||
| Total Payments | 168,557 | 1,882 | 170,439 | 140,549 | ||||
| —fh— | +— 2 | 7 — |
2—5—4 | i—7—7—t—5—4 | ——3-— 9 —$—J |
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| Receipts/Net (Payments) | (15,207) | 149 | (15,058) | 18,469 | ||||
| Transfer to/(from) funds | = | “ | = | r | ||||
| Surplus for Year/ (Deficit) | (15,207) | 149 | (15,058) | 18,469 | ||||
| — | ——— | -———s— | ——h——- - —— |
Page 5
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THE PATCHWORK 2 — 5 NURSERY STATEMENT OF BALANCES AS AT 31 MARCH 202
| Unrestricted Funds |
Restricted Funds |
2025 Total |
2024 Total |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Bank and Cash In Hand | ||||
| Balances as at 31 March 2024 | ||||
| - Bank & Cash |
83,364 | - | 83,364 | 64,895 |
| (Deficit)/Surplus for Year | (15,207) | 149 | (15,058) | 18,469 |
| Balances as at 31 March 2025 | ||||
| - Bank & Cash |
68,157 | 149 | 68,306 | 83,364 |
| Reserves | ||||
| General Funds | 68,306 | 83,364 | ||
| Restricted Funds | - | - | ||
| Total Funds | 68,306 | 983,364 | ||
| Assets at 31 March 2025 |
||||
| Equipment | ||||
| Brought Forward at Cost | 80,274 | 76,620 | ||
| Added in Year | 4,110 | 3,654 | ||
| Carried Forward at Cost | 84,384 | 80,274 | ||
| 2025 | 2024 | |||
| £ | £ | |||
| Accounts Fees | 876 | 798 | ||
| Approved by the Trustees and signed on their behalf. | ||||
| a | a |
Page 6
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THE PATCHWORK 2 —- 5 NURSERY
NOTES TO THEA NT
YEAR ENDED 31 MARCH 2025
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Principal Accounting Policies These Financial Accounts have been prepared on a Receipts and Payments basis. 1. Nature and Purpose of each Fund
The nature and purpose of each fund is outlined in the report of trustees for the year.
- Grants Paid
There were no grants paid in the year.
There was no remuneration paid to a charity trustee or person connected with a trustee in the year.
- Expenses
There were no expenses paid to a charity trustee in the year.
| 5: Grant Received |
2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| £ | £ | £ | £ | |||
| Pre School Education Places | 124,817 | - | 124,817 | 134,264 | ||
| Argyll & Bute Council Early Years | - | - | 2 | 11,001 | ||
| Argyll & Bute Council SMHSS | - | 2,031 | 2,031 | 2,274 | ||
| Argyll & Bute Council Outdoor |
Funding | - | - | - | 162 | |
| Supporting Communities Fund | 1,000 | - | 1,000 | - | ||
| Running Costs Grant | 7,500 | 7 | 7,500 | - | ||
| ASN | 2,918 | - | 2,918 | - | ||
| 136,235 | 2,031 | 138,266 | 147,701 | |||
| 6. Costs Relating to Charitable Activity |
2025 | 2024 | ||||
| Unrestricted | Restricted | Total | Total | |||
| £ | £ | £ | £ | |||
| Food | - | 1,882 | 1,882 | 2,046 | ||
| Wages& Training Other Employee Costs |
146,076 1,188 |
- - |
146,076 1,188 |
119,675 1,584 |
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| Rent & Insurance | 7,592 | - | 7,592 | 4,704 | ||
| Repairs & Renewals/PPE | 2,890 | - | 2,890 | 5,193 | ||
| Membership / Inspection Fees | 1,041 | - | 1,041 | 681 | ||
| Stationery & Post | 1,081 | - | 1,081 | 515 | ||
| Telephone | 975 | = | 975 | 784 | ||
| Equipment & Resources | 4,110 | - | 4,110 | 3,654 | ||
| Sundry Expenses | 2,140 | - | 2,140 | 915 | ||
| Bank Charges | 4 | - | 4 | - | ||
| First Aid Course | 450 | = | 450 | . | ||
| Website Expenses | 134 | - | 134 | - | ||
| 167,681 | 1,882 | 169,563 | 139,751 |