,
: t
REGISTERED COMPANY NUMBER: 86269785 (Scotland) REGISTERED CHARITY NUMBE R: $C010344
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Report of the. Trustees and :
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Unaudited Financial Statements forthe Year Ended 30 June 2025
Cumbernauld:& Kilsyth Nursery And Out Of (A School Care Limited : | Company Limited by Guarantee) |
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Accountants Plus |
Chartered Certified Accountants ;
_ Second Floor ; |
Airbles House
270 Airbles Road
| Motherweil
/ ML13AT . |
: i
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|Curnbernauld-&|Kilsyth Nursery And-Out|
|‘School|[Care]|[Limited]|Of|2|
|Contents|of|the|Financial Statements|:|
|for the|Year Ended|30. June|2025|7|
|||Page.|:|
|Reference-and.|Administrative|Details|||4|2|
|Report of thé Trustees.|||2|to. 3|.|
|Independent Examiner's|Report|||4|||
|Statement of Financial Activities|||5|||
|Balance Sheet|6|to|7|:|
|Notes to the Financial|Statements|8|to|13|||||
|Detailed|Statement|of Financial|Activities|14|||
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| Cumbernauld-& KilsythNurseryAnd.OutOf School Care Limited ! |
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| ReferenceandAdministrativeDetails for theYearEnded 30June 2025 |
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| TRUSTEES | MsE Bradley | : | ||
| _ | GAHouston | |||
| REGISTERED OFFICE | = |
Muirfield 1a South ‘Muirhead Road, Seafar : Gumbernauld 7 G87 1AX i |
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| REGISTEREDCOMPANY, NUMBER |
—_SC.269796(Scotland) | , | ||
| REGISTEREDCHARITY NUMBER |
SC.010344 | |||
| INDEPENDENT EXAMINER | Accountants Plus | |||
| Chartered Certified Accountants | ||||
| SecondFloor | ||||
| . Airblés House 270Airbles Road |
Motherwell |
ML43AT |
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| BANKERS | _ : |
Santander 40-42 TeviotWalk |
: | |
| : - |
Cumbernauld G67-1NG |
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| SOLICITORS | _ Burness |
120 Bothwell Street Glasgow |
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| - | G2 7JL | |||
| : | ||||
| !Page1 |
CumbernauldSchool Care Limited& Kilsyth Nursery And. OutOf : Report of the Trustees | : for the Year Ended 30 June 2025 | |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, Thepresent their réport with the financial statementsof the charity for the year ended 30 June 2025, trustees have adopted the provisioris of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance. with the Financial Reporting Standard applicable! in the UK.and Republic of Ireland (FRS 102) (effective 1 January 2019). . OBJECTIVES AND ACTIVITIES | ; Objectives.and aims : The charity's objects and its. principal activities are: : (a) To advance ediication of and provide care for children under school age including: (i) Providing a safe educational environment to enable children toreach their ful pote atial; and -out(ji) Working above. jointly with local residents within the community in order to facilitate ts objects set (b) To promote equality and diversity by eliminating. discriminatory practice in the care and education of children. : | Public. benefit The , 2 | | charity constitutes a public benefit entity as defined by FRS102. ACHIEVEMENTS ‘Charitable AND PERFORMANCE | Our activities | earlypurpose built nursery with conjoining premises for our out of school care allows.Us to provide for learning and childcare for 34 school.age children. We provide early learning and childcare up to 9 babies to 2 years in the Caterpillar Room, up to 10 2 - 3 year olds in the Ladybird Room and 24 children aged 3 - 5 in the Butterfly Room am or[pm.] FINANCIAL REVIEW | , Financial position | The results for the year with accompanying notes.are set out on pages6 to. 15.. Income-in 2025 increased to £458,172 from £451,608 in 2024, Expenditure in 2025 increased: te £467,685 from £439,591 in 2024. As.a result there was.a deficit of £9,513 in 2025 compared to a surplus of £12,017 in 2024. : | TheReserves policy | | | | to Trustees have determined that the appropriate level of free reserves is£225,000, equivalent approximately six months of operating expenditure. At the year end, the charity held free reserves: of £200,000. This is slightly below the target level duringbut'is considered.the forthcoming’ appropriateyear. given current financial risks. The Trustees.will monitorithis: | position Page 2 |
CumbemauldSchool Care Limited & Kilsyth Nursery And Out Of | fortheReport Year ofthe Ended Trustees 30 June 2025 | : STRUCTURE, 7 Governing document GOVERNANCE ANDMANAGEMENT - TheThe organisation is a charitable. company (limited by guararitee, incorporated on 24) June 2004. company was established under @ Memorandum of Association which established the objectsIn and powers of the. charitable: company and is governed under its Articlesof |Association. exceeding £1. the event of the company being wound up members are required to contribute anjamount not Recruitment J The andappointment of new trustees - the directors of the company are also, charity trustees tor the purposes of charity law and under the company’s Articles. are known as members:of the Trustees Board. Under the req irements of Memoraridum and Articles of Association the members of the- Trustees Board and Management Committee are Subject ioretirement by rotation. : Organisational structure , | ; The management. commitiee meats on a regular basis ‘with formal and ad hoc meetings “when Trusteesnecessary.InductionmanagementandThesupportedtraining Head of of by Centre thenew DeputetrusteascontinuesHead to of havethe Centre, seniorresponsibility_ stafffor the and day Boardto ofday Directors.operational| and and management committee members are familiar with the practical work ofthe nursery out of Schoo! care and training is undertaken to support their role.- Management trpining has Relatedbeen provided parties by Peninsula in keeping with| Employment Law. | ; 7 _ me In so far as. it is complimentary to the charity's objects, the charity is guided by bothiiocal and national policy. At a national level the nursery supports and links with North Lanarkshire Council Young Peoples Forums. : and the. Head of Centre and deputes attend a variety of meetings in respect of Chien and Risk[managenient] . | The trustees have a duty fo identify7 and feview the risks to Which the charity is ‘exposed and to ‘ensure appropriate controls are in place to provide reasonable assurance against fraud “me error. The Trustees: and Management. Committee members. in ‘conjuriction with Business Gateway have highlighted training to compliment the ‘service they provide. Internal control risks are minifnised by the implementation of procedure for authorisation for all transactions and projects. — Procedures trainees,and risk volunteers,assessments children, are in place parent/carers to ensure and compliance visitors fo-the with Health nursery. and Safety ofstaff, Students, This report has. been Prepared in accerdance with the special provisions of Part 1: of the Companies Act 2006 relating to smail companies. | ‘Approved by order of the board of ttustees oni 3 March 2026.and signed onits behalf by: Ms E Bradley - Trustee | | a } , Page 3. | |
Independent Examiner's Report to the Trustees of Cumbernauld & Kilsyth Nursery And Out!Of
| :
School Care Limited
| report on the accountsfor the year ended’30 June 2025 set out-on pages-five to thirteen.
| Respectiveresponsibilities oftrustees.andexaminer : The charity's trustees are responsible for the préparation ofthe accounts inaccordancewith the terms of the Charities. and Trustee Investment (Scotland) Act 2005 and theCharities Accotints (Scotland) Regulations 2006 (as amended). The charity's: trustees consider that the. audit requirement of Regulation 10(1)(a) to (¢) of the Accounts Regulations’ does not apply. Itis. my responsibility toexamine theaccounts as required underSection 44(1)(c) ofthe Actrand fo state whether particular matters havecome tomy-attention. 7 |
|---|
| Basisoftheindependentexaminer'sreport on . My examination was. carried out in accordance with Regulation 11 of the: Charitiss Accounts (Scotland) Regulations 2006. Anexamination includes areview ofthe accounting records.kept by the: charity and a comparison of theaccounts. presented with those records. It diso includes |
| consideration ofanyunusual itemsordisclosures in theaccounts, andseeking oxpignateons from you as trusteesconcerning any such matters. The procedures undertaken do not provide alt the evidence thatwouldberequiredin-anaudit,andconsequently |
| Independentexaminer'sstatement. |
| (1) whichgivesmereasonablecauseio believethat, in any material respect, therequirements -. ‘to keep accounting records in accordance with Section 44(1)(a) of the2005 Act and. |
| Regulation4 of the 2006 Accounts:Regulations:.and , - to prepare accounts which accord with the accounting records and-tocomplywith Regulatiori 8 ofthe2006Accounts Regulations. |
| have not been met;or : , |
| (2) towhich, inmyopinion, attentionshouldbedrawninordertoenableaproper Jnderstanding oftheaccountstobereached. |
| Fiona.Struthers . . : . |
| Second Fioor j Airblés-House : |
| 270 Airbles Road i Motherwell : ML13AT |
| Page4 . |
| i |
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|CumbernauldSchool|&|Kilsyth|Nursery And QutOf|||
|Gare|Limited|:|
|‘Statement of Financial|Activities|||:|
|for the.Year|Ended|30 June 2025|7|
|||30.6.25||30.6.24|
|Unrestrictad|Total|
|INCOME AND|ENDOWMENTS|FROM|»|:|
|Charitable|activities|.|
|Charitable|Activities|||457,287|449,219|
|Other trading|activities|(2|_|4,524|
|Investnient|income|3|“885|865|
|Total|||458,172|||451,608|
|EXPENDITURE ON|||.|
|Charitable. activities|
|Charitable|Activities|467,685|439,591|
|NET|INCOMEEXPENDITURE)|||(9,513)}|12,017|
|RECONCILIATION|OF FUNDS|||,|
|Total|funds brought forward|209,574|||197,557|
|TOTAL|FUNDS CARRIED FORWARD|||200,061|||209,574|
|The notes: form part|of these|financial statemenis|,|)|
|Page §|||
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|Gumbernauld.& Kilsyth|Nursery And|Out|Of|7|
|School Care|Limited|:|
|Balance Sheet|||F|
|30 June|2025.|7|
|||30:6:25|||30.6.24|
|Unrestricte|Total|
|.|Notes|£|£|
|FIXED ASSETS.|ce|
|Tangible|assets.|18|1,292|‘2,270|
|CURRENT ASSETS|_|
|Gash|at|bank and|in|hand|152,406|191,429.|
|!|199,951|||209,440|
|Amounts|falldue. w|i|thin-oneng|year|10|(1,182)|(2,136)|
|NET CURRENT ASSETS|||198,769|||207,304|
|TOTAL|ASSETS LESS CURRENT|.|||||
|LIABILITIES|200,061|||209,574|
|NET ASSETS|||200,061|||209,574|
|FUNDS|1|||
|Unrestricted funds|||200,061|||209,574|
|TOTAL|FUNDS.|||200,061|||209,574|
|The|charitable:|company|is|entitled|to exemption|from|audit under Section477|of wd|Companies|
|Act 2006|for|theyear ended 30|June. 2025.|:|.|
|The|members|have|not required|the company|to obtain an audit|ofits financial|statements for|the|
|year ended|30|June 2025|in accordance|
|The|with Section 476 of the Companies Act 7008)|
|(a)|trustees|acknowledge|their responsibilities for|7|.|||
|ensuring that the|charitable|company keeps accounting|records: that comply vith|Sections|
|386|and|387|of.the|Companies|Act.2006|and|.|
|(b)|preparing|financial|statements|which|give.a|true|and|fair view|of|the|state|of|affairs|of|the|
|charitable|company|as at the|end of each|financial|year andof|its surplus|or|deficit for|each|
|financial|year|in|accordance|with|the|requirements|of|Sections|394|and|396|and|which|
|otherwise|comply|with|the|requirements|of|the|Companies|Act|2006|relating|to.|financial|
|statements, so far‘as applicable tothe charitable company..|.|||
|The notes form|part of|these financial|statements.|
|Page é|continued...|
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|Cumberna Id & Kilsyth Nursery AndOut OF
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School Gare Limited
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|2
Balance
Sheet~continued
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:
30June2025||
|;
These.
financial Statements havebeenPreparedinaccordancewith theprovisions
charitable. companiesSubjecttothesmallcompaniesregime.
:
The finaricialStatements. were‘approvedbythe Board:ofTrusteesandauthorised
3March 2026 andwereSignedonitsbehalfby:
:|applicable to
for issue. on|
|EBradley-Trustee.
:
|||
|Thenotesformpartofthesefinancial staternents.
:
|Page7|||
Cumbernauld & Kilsyth Nursery And Out Of . School Care Limited : Notes to the Financial Statements | : for the Year Ended 30 June 2025 7 1. ACCOUNTING POLICIES i : Basis of preparing the financial statements. . : | . - The financial statements of the charitable company, which is a public: benefit entity under FRS 102, have been prepared, in accordance with the Charities: :SOR (FRS 102) ‘Accounting and Reporting byCharities: Statement of Recommended Practicejapplicable to charitiés préparing their accounts in accordance with. the Financial: Reporting Standard atidapplicableFinancialRepublic.Reportingin. oftheIreland’UK. Standardardand Republicthe102Comipanies.Act‘TheofFinancialIreland 2006.(FRSReportingThe102) Standardfinancial(effective.statementsapplicable1 Jajuaryhavein the2019)’,beenUK ‘prepared under the historical cost convention. The charitable. company has taken advantage of the following disclosure xemption in ‘preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting ‘Standard applicable in the UK and: Republic of Ireland’: o ‘the requirementsof Section 7 Statement of Gash Flows. ncome All income is recognised in ‘the. Statement of Financial Activities once the charity has entitlement to the funds, it isprobable that the income will bereceived and the amount can be measured reliably. | Liabilities are. recognised. as expenditure as soon as there is a legal or constructive. obligation committing the charity to that expenditure, it is probable. that a transfer of economic: benefits will be required in settlement and the amount of the obligation can. be. measured Teliably. Expenditure is accounted for on an accruals. basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated tg activities on a basis consistentwith the use of resources. , Tangible fixed assets: . | : . | Depreciation is provided at the following annual rates in.order to write off each asset over its estimated useful life. | | | Fixtures and fittings - Straight line over 15 years . | ComputerMotor vehiclesequipment -- StraightStraight lineline overover 2015 yearsyears Taxation , | The charity is exempt from corporation tax on its-charitable activities. | Fund accounting , oe discretion.Unrestricted of thefunds trustees.can be used in accordance with the charitable objectives' at. the Restricted funds: can only be used ‘for particular Testricted purposes’ within the Lpjects of the charity: Restrictions arise when specified by the donor-or when funds afe raised for particular restricted purposes. | Page & ‘continued...
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Cumbernauld & Kilsyth Nursery And Out Of:
School Care Limited
Noies to the Financial Statements - continued :
for the Year Ended 30 June 2025 | :
1. ACCOUNTING POLICIES - continued :
Pension costs and other post-retirement benefits | | a
The charitable company operates a defined contribution pension scheme. {Contributions
payable to the charitable company's pension scheme are. charged to the Statement of
Financial Activities inthe period to:which they relate. ae
2. OTHER TRADING ACTIVITIES | 4 |
Fundraising events ! coe 1,524
3: INVESTMENT INCOME : : ,
30:6.25 30.6.24
Deposit. account interest | 885 | 865
4. NET INCOME/EXPENDITURE) | ,
Net income/(expenditure) is stated after charging/(crediting): |
30.6.25 | 30.6.24
Depreciation - owned assets 1,918 1,611
8. TRUSTEES’ REMUNERATION AND BENEFITS ,
The Head of Centre is remunerated under the terms of their employment with the Nursery
as provided for in the Memorandum and Articles of Association, During the year ended 30.
dune. 2025 payments, including employer's national insurance contributions; of £46,635
(2024: £46,321) were. made. No other director received any. remuneration during the year.
Trustees’ expenses | | :
There were-no trustees’ expenses paid for the yéar ended 30 June 2025 not for the year
ended 30 June 2024. ) .
| Page 9 pontine.
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| ‘Cumbernauld &KilsythNurseryAndOutOf School Care Limited |
‘Cumbernauld &KilsythNurseryAndOutOf School Care Limited |
‘Cumbernauld &KilsythNurseryAndOutOf School Care Limited |
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|---|---|---|---|---|---|
| Notestothe FinancialStatements - contiriued: for theYear Ended 30June2025 |
: 7 |
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| 6. | STAFFCOSTS | 3 | |||
| 30:6.25 | 30.6:24 | ||||
| Wages andsalaries Social security costs Otherpension:casts |
391,074 22,418 6,524 |
357,386 19,234 5,335 |
|||
| 420,013 | |||||
| Theaveragemonthlynumberofemployees during the year was asfollows: | |||||
| Nursery & aftercare’ | 30.6.25 13 |
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| Management.& administration ‘Supportstaf |
! | /2 2 |
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| Noemployees receivedamolumentsinexcessof£60,000. | |||||
| 7. | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES. | . . Unrestricted |
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| INCOMEAND ENDOWMENTS | FROM | ||||
| . | Charitable activities Charitable Activities |
; | po . 449,219 |
||
| Othertrading activities Investment income. Total |
: |
||||
| EXPENDITUREON | |||||
| Charitable activities | . | ||||
| Charitable Activities | . . 439,591 |
||||
| NET INCOME | — | F | 42,017 | ||
| RECONCILIATION OFFUNDS ‘Totalfunds.broughtforward |
. . |
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| TOTALFUNDS CARRIED | |||||
| Page10. | a |
| Cumbernauld& Kilsyth NurseryAnd OutOf | Cumbernauld& Kilsyth NurseryAnd OutOf | Cumbernauld& Kilsyth NurseryAnd OutOf | |||||
|---|---|---|---|---|---|---|---|
| SchoolCare Limited | |||||||
| Notes totheFinancialStatements-continued. fortheYearEnded 30 June 2025: |
j | 7 |
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| 8. | TANGIBLE FIXEDASSETS | Fixtures and fittings |
Motor vehicies |
: Computer equipment |
|||
| At4 duly2024 Additions |
20,041 370 |
15,827 = |
15,917 : ‘570 |
||||
| At30June2025 | 20,411 | 15,827 | = 16,487 | ||||
| DEPRECIATION: At 1 July 2024 Charge foryear |
! | 18,147 1,421 |
15,827 = |
: 15,541 497 |
49,515 1,918 |
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| At30June.2025 NETBOOKVALUE |
! |
19,568 | 15,827 | 16,038 |
|||
| At-30June2025 | 843 | - | 449. | : | 1,292 | ||
| At30 June2024 | 1,894 | - | 376 | ||||
| 9. | DEBTORS: AMOUNTS FALLINGDUEWITHINONEYEAR | 30.6.25 | 30.6:24 | ||||
| Trade debtors | 6603 | 12,753 | |||||
| Other debtors | 40,942 | 5,258 | |||||
| 47,545 | |||||||
| 40. | CREDITORS:AMOUNTS.FALLING | DUEWITHIN | ONEYEAR | , | |||
| 306.25 | |||||||
| Deferredincome | 299 | ||||||
| Accrued expenses. | B83 1,182 |
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| Page11 | : | ‘continued... |
| Cumbernauld& Kilsyth NurseryAnd | Cumbernauld& Kilsyth NurseryAnd | Out Of | ; | ||||
|---|---|---|---|---|---|---|---|
| School Care Limited: | |||||||
| Notesto the FinancialStatements - continited for theYear Ended 30June 2025 |
F | ||||||
| 41. | MOVEMENTINFUNDS | ! | “3 | ||||
| a | _ | Net movement |
|||||
| Unrestricted funds | i. | ||||||
| General fund | 209,574 | (9,513) | |||||
| TOTALFUNDS | 209,574 | (9,513) | |||||
| Netmovement infunds, included intheaboveareasfollows: | : . |
||||||
| Incoming resources |
Resources expended |
||||||
| Unrestricted funds | |||||||
| Generalfund: | 458,172 | (467,685) | |||||
| TOTALFUNDS | : | 458,172 | (467,685) | ||||
| Comparativesformovementinfunds | . | ||||||
| At 1.7.23 | movement} in funds’ |
Ai 30.6.24 |
|||||
| Unrestricted funds | . | 7 | |||||
| Generalifund | 497,557 | 12,017 | 209,574 | ||||
| ‘TOTALFUNDS | 197,557 | 12,017 | |||||
| Comparativenetmovement infunds, includedintheaboveareasfollows: | follows: | : | |||||
| Incoming resources |
Resources | expended; |
|||||
| Unrestricted funds | |||||||
| Genera!fund TOTALFUNDS |
451,608 451,608 |
(439,591) (439,591) |
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| ! Page12 | comin. | ||||||
| i |
|Cumbernauld&KilsythNurseryAndOutOf
SchoolCare Limited|Cumbernauld&KilsythNurseryAndOutOf
SchoolCare Limited|||||||
|---|---|---|---|---|---|---|
|Notestothe Financial Statements -continued
for the Year Ended 30 June 2025|||:
.||||
|11.|MOVEMENT IN FUNDS- continued||:||||
||Acurrent year 12months and prioryear 12months.combined position isasfollows:.||||||
||||At1.7:.23|movement
infunds|||At
30.6.25'||
||Unrestricted funds
Gerieral fund|197,557|7
2,504||200,064||
||TOTAL FUNDS
!|197,557|2,504|||200,061||
||A current year 42 months and prior:year
iricluded in the above-are as follows:|year 12 months. combined|net: movem
i||nt|in funds,|
||:|Incoming
resources|Résources!
expended||Movement
infunds||
||Unrestrictedfunds
‘General fund|.
809,780||
(907,276)|||2,504|
||TOTALFUNDS
||909,780|(907,276)||||2,504|
|12,|RELATEDPARTYDISCLOSURES||||||
||Therewereno rélatedpartytransactions fortheyear'ended 30.June2025.||||||
||||Page13||||||
| Cumbernauld & Kilsyth NurseryAnd OutOf | Of | : | ||||
|---|---|---|---|---|---|---|
| Schoo!CareLimited | ||||||
| DetailedStatementofFinancial Activities forthe YearEnded 30 June 2025 |
: a |
. | . | |||
| INCOMEAND ENDOWMENTS | : | |||||
| Othertradingactivities | : | |||||
| Fundraising events | oe | 1,524. | ||||
| Investmentincome | ._ |
|||||
| Depositaccount interest | - 885 | 865 | ||||
| Charitableactivities Fee Income |
: 457,287 |
|||||
| Totalincomingresources | 458,172 | |||||
| EXPENDITURE | ! | : | ||||
| Charitable-activities Wages Social security Pensions - |
391,071 22,418 6,524 |
|||||
| Other staffcosts: | 2,155 | } | 4,737 | |||
| Playequipment& materials Provisions Vehiclerunningcosts Rent. |
17,997 9,315 1,903 9,091 |
|||||
| Admin costs Otherdirectcosts Fixtures and fittings |
3,435 274 1,421 |
|||||
| ‘Computer equipment Supportcosts Governancecosts. Accountancy and legal fees. |
: |
-4Q7 466,101 |
1,584 |
|||
| Totalresourcesexpended Net(expenditure}iincome |
. | 467,685 (9,513) |
||||
| ‘Thispagedoesnotform part ofthestatutory financialstatements | ||||||
| Page14 |