TRUSTEES ANNUAL REPORT
WELLINGTON CHILDREN’S CENTRE (A Scottish Charitable Incorporated Organisation) Annual Report & Financial Statements
For the year ended 30 June 2025
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MURRAY & HENDERSON Chartered Accountants
CONTENTS FOR THE YEAR ENDED 30 JUNE 2025
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
CONTENTS
| Trustees’ Annual Report | 3-6 |
|---|---|
| Independent Examiner’s Report | 7 |
| Statement ofFinancial Activities | 8 |
| StatementofFinancial Position (Balance Sheet) | 9 |
| NotestotheFinancialStatements | 10-19 |
2
TRUSTEES ANNUAL REPORT
The trustees are pleased to present their report and financial statements together with the independent examiner's report for the year ended 30 June 2025.
OBJECTIVESS & ACTIVITIES
Charitable Purposes
The Wellington Children’s Centre has been established with the following Charitable Purposes:
e The advancement of education.
The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
Activities
The charity aims to do this through the provision of out of school care for children aged 3 to 12 years and provide nursery facilities.
ACHIEVEMENTS & PERFORMANCE
The charity works closely with Inverclyde Council, under their partner provider contract for the supply of nursery services. The charity has a good local reputation, with strong support from parents and aims to provide a high standard of care for the children in the communities of Inverclyde. In the recent Care Inspectorate (January2026), we achieved a “Grade 5 — Very Good” for Children Play and Learn and Grade 4 - across the other 3 Quality Themes. We have links with the schools to which the children progress onto after nursery and have established good links with the community through various activities with other local groups. Our Greenock Nursery has continued to successfully take part in the Scottish Government initiative for early learning increased hours during the 2024/2025 session. Inverclyde Council now pay £6.32 per hour per child.
In our Greenock service we had 20 nursery children and 25 Out of School Care children in regular attendance throughout the weeks. In our Gourock Service we have 24 nursery children and 24 out of school care children in regular attendance throughout the year. The “Out of School Care” Service is provided during term time for children of a primary school age. This service consists of the children being collected from school and walked with supervisors to our establishments in Lynedoch Street and George Road. When transport is required, children can be collected by car. We encourage the children to take the opportunity of this healthy waik, and this is supervised by our volunteers and staff. The service also runs during school holidays, Monday — Friday from 8.00a.m. — 6.00p.m. Other hours are available on request if required.
Our activities within our playrooms, follow a “Curriculum for Excellence” Guidelines and each child has the opportunity to develop to their full potential.
We continue to have good links with the community and other professionals involved in the care and development of our young children through working with Greenock Morton Community Trust, who have developed a Physical Literacy programme aimed at nursery children. This involves one of their qualified coaches attending nursery session once a week to take the children through physical movement and team building though story telling activities. This programme is very popular with children and parents and has resulted in some of our children moving on to attend the Micro Morton Programme on a Saturday morning to further enhance their skills in listening and working as a team.
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TRUSTEES ANNUAL REPORT
The children took part in Various parties and activities to celebrate Halloween, Christmas and Easter including outings to Cinema and soft play.
In the summer of 2025, we held a Graduation Concert for the children who completed their 2024/2025 session with Kenny Wilson returning to teach the children songs for both these celebrations.
Our ethos is that every member of our community not only has the right to be respected but also the responsibility to respect the right of others and all children have the right to the highest quality nursery experience and are encouraged to reach their individual potential and we welcome and respect all children and their families no matter their religion or beliefs.
Wellington Children’s Centre Charity Trustees take the development of their staff very seriously and provide appropriate training opportunities as required. Within this session the staff completed training in Child Protection, Mental Health Awareness, Food Hygiene and First Aid.
FINANCIAL REVIEW a mamas The financial period for these accounts is 1July 2024 to 30th June 2025. The total income for the year was £421,609 (2024: £368,886) with the main source of income continuing to be the provision of nursery care through fees and grant income. The expenditure totalled £422,380 (2024: £414,853) with the largest expenditure item being for salaries.
Fundraising
The Charity Trustees and the children’s parents continue to support the centre through various fundraisers throughout the school year, such as Sponsor Autumn Hunt.
Principal risks
Ongoing funding from Inverclyde Council and the parents of children attending the nurseries could be at risk if the Charity’s staff did not have the appropriate level of training and certification required to provide a high standard of care.
There are several policies in place within Wellington Children Centre to minimise this risk, particularly in respect to the protection of children within its care. All staff members must be members of the Protecting Vulnerable Groups (“PVG”) Scheme, hold an Enhanced Disclosure and be members of the Scottish Social Services Council. Our volunteers must also be members of the Protecting Vulnerable Groups (“PVG”) Scheme.
The Charity Trustees take their responsibility regarding the children’s safety seriously and Health and Safety matters are a Standing Item on the Executive committee meetings.
Reserves policy
At the end of the financial period, the charity has unrestricted reserves of £222,483 (2024: £223,254). The Charity Trustees have set a target of a minimum six months of core operating costs, to hold for the charity to meet its financial responsibilities and to allow for any exceptional or unforeseen expenditure. Taking into consideration the expenditure during the reporting financial year, this would amount to circa £208,000. The trustees have met their target for this financial year.
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TRUSTEES ANNUAL REPORT
FUTURE PLANS
At March 2025 we had full capacity for child places in both our Greenock and Gourock nurseries.
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing document
Wellington Children’s Centre started on 3rd June 1988 as an Unincorporated Association with charitable status. On 12 April 2013, the charity incorporated as a Scottish Charitable Incorporated Organisation (SCIO) with charity number $C011935 and it is governed by its constitution. Membership is open to anyone age 16 and over, who is a parent, guardian, a registered childminder, or adult family carer of a child in Wellington Children Centre. Employees of the charity are not eligible for membership.
The members have the right to attend members meetings (including the AGM) and have important powers under the constitution; in particular, the members appoint people to serve on the board and take decisions in relations to any changes to the Constitution. The members have no liability to pay any sums of the charity should be wound up while he/she is a member.
Appointment of trustees
The Charity Trustees are elected by the SCIO members. Under the Constitution, there must be a minimum of 3 trustees and a maximum of 11. At each Annual General Meeting (AGM) all charity trustees must retire from office, but they may be re-elected. There is no restriction on the number of terms served and trustees may coopt additional trustees between Annual General Meetings, if required.
Organisational structure
The Charity Trustees who meet every 2 months are responsible for overseeing the running of the charity and for employing staff. In order to facilitate, effective and efficient operations, day to day management of the charity is delegated to the Head of Centre.
Induction and training of trustees
Once the Trustees are appointed, they are provided with a copy of the Charity’s Constitution, the previous year’s Financial Accounts and are invited to attend training on their roles and responsibilities.
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TRUSTEE’S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025
REFERENCE AND ADMINISTRATIVE DETAILS
| CharityName | Wellington Children’s Centre |
|---|---|
| Charity No. | $C01 1935 |
| Principal Office | 19/21 Lynedoch Street |
| Greenock | |
| PAIS 4AB | |
| Current Trustees | MargaretCampbell Black |
| BryanCampbell Black | |
| Anne Stephenson | |
| Sammy Blair | |
| Bankers | BankofScotland 64/66 West Blackhall Street |
| Greenock | |
| PAIS 1XG | |
| IndependentExaminer | Michael Harkins C.A. |
| Suite 4 | |
| 32 Kempock Street | |
| Gourock | |
| PA19 INA | |
| APPROVAL |
This report was approved by the trustees on 23rd March 2026 and signed on their behalf by:
Margaret Campbell Black Chairperson
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6
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 30 JUNE 2025
Independent examiners report to the trustees of Wellington Children's Centre
1 report on the accounts of the charity for the year ended 30 June 2025, which are set out on pages 8 to 19.
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 ("the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations"). The trustees consider that the audit requirement of Regulation (10)({1 ){a)-(c) of the 2006 Regulations does not apply.
It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 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 2006 Regulations. 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. :
Independent examiner's statement
In connection with my examination, no matter came to my attention: -
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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 Regulations, and
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e to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Regulations
- 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.
Michael HarkinsMe, Independent Examiner Suite 4
32 Kempock Street Gourock PAI9 INA
7
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Designated | _— Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2025 | 2024 | |
| Income and endowments from: | £ | £ | £ | £ | £ | |
| Grants | 4 | 11,240 | - | - | 11,240 | 13,328 |
| Charitable Activities | 5 | 408,874 | - | - | 408,874 | 354,061 |
| Donations | 4 | 1,495 | - | - | 1,495 | 1,497 |
| 421,609 | - | - | 421,609 | 368,886 | ||
| / | re | |||||
| Expenditure on: | ||||||
| Charitable Activities | 6 | 413,024 | 6,086 | - | 419,110 | 411,731 |
| GovernanceCosts | 7 | _3,270 | - | 3270 | 3,122 | |
| 416,294 | 6,086 | - | 422,380 | 414,853 | ||
| Net Income/(Expenditure) | 5,315 | (6,086) | - | (771) | (45,967) | |
| Transfers between funds | - | - | - | - | - | |
| Net movement in funds | 5,315 | (6,086) | - | (771) | (45,967) | |
| Reconciliation offunds | ||||||
| Total funds as at 1 July 2024 | 13& 14 | 217,168 | 6,086 | - | 223,254 | 269,221 |
| Totalfundsasat30June2025 | 222,483 | - | - | 222,483 | 223,254 |
All income and expenditure derive from continuing activities ; The above statement includes all gains and losses recognised during the year. The Notes on pages 10 to 19 form an integral part of these accounts.
3%
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2025
eee
| Note | Total | Total | |
|---|---|---|---|
| 2025 | 2024 | ||
| Fixed Assets: | £ | £ | |
| TangibleAssets | 9 | - | 6,086 |
| - | 6,086 | ||
| Current Assets | |||
| Debtors | 10 | 7,585 | 8,110 |
| Cash atbank and inhand | 11 | 227,069 | 231,231 |
| 234,654 | 239,341 | ||
| Liabilities | |||
| Creditors (duewithinoneyear) | 12 | 12,171 | = 22,173 |
| Net CurrentAssets | 222,483 | 217,168 | |
| NetAssets | 222,483 | 223,254 | |
| Funds ofthe charity: | 13& 14 | ||
| Unrestricted funds | 222,483 | 217,168 | |
| Designatedfunds | - | 6,086 | |
| Restricted funds | - | : | |
| 222,483 | 223.254 |
The Notes on pages 10 to 19 form an integral part of these accounts. These accounts were approved by the trustees on 23 March 2026 and signed on their behalf by:
Margaret Campbell Black Chairperson
Bryan Campbell Black Secretary
9
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. Basis of preparation
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1.1 . These accounts (financial statements) have been prepared under the historic cost convention, with items recognised at cost or transaction value, unless otherwise stated in the relevant note(s), in accordance with:
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(a) The Charities and Trustee Investment (Scotland) Act 2005
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{b) The Charities Accounts (Scotland) Regulations 2006 (as amended)
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(c}) The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
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(d} Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2015)
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1.2. The charity has prepared its accounts in sterling which is the functional currency of the charity. Monetary accounts in these financial statements are rounded to the nearest £.
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1.3. As Wellington Children's Centre is a "small charity" within the SORP definition (under £500,000 income) the Trustees have opted to make use of the simplifications permitted by SORP 2015 FRSI 02 for smaller charities. In particular, the allocation of income and expenditure on the Statement of Financial Activities has been adapted to the Charity's circumstances, rather than following the functional classification specified in the current SORP.
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1.4, For the purposes of FRS102, the Charity is a public benefit entity and accounting policies are applied accordingly. However, the trustees do not consider that these accounts depend on any material estimates or judgements except where specifically noted. The Charity has only basic financial instruments. The charity meets the definition of a public benefit entity as defined by FRS 102.
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1.5. The charity is dependent on continuing funding from Inverclyde Council and the trustees have reviewed the financial position of the Charity and are satisfied that it has sufficient resources to continue for at least 12 months beyond the date of approval of these accounts. The accounts are thus prepared on a going concern basis.
- Accounting policies
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2.1 Fund accounting
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(a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity. .
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(b) Designated funds are unrestricted funds that the trustees have set aside for purposes. The designation is administrative only and does not restrict the trustees’ ability to apply the funds. For administrative purposes the charity has included a Designated Fixed Asset fund, in which the deprecation of their fixed assets is allocated to. .
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(c) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes..
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{d} The purposes of the funds are shown in Note 15.
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2.2 Income
10
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
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Income is recognised and included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the income; receipt is probable; and the monetary value can be measured with sufficient reliability. The specific bases used are as follows: {a) Donations are recognised on receipt. (b) Grant income is recognised when due, which is normally on receipt. (c) Trading income is recognised when due, which is normally on receipt. (d) Bank interest is recognised when credited to the account. (e) Where income has related expenditure (e.g. fundraising), the income and related expenditure are reported gross in the SOFA.
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(f) | Income, which is subject to conditions that the charity has yet to fulfil, or which is specifically for use in a future accounting period, is treated as deferred income.
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(g) The value of voluntary help is not included in the accounts but is described in the trustees’ annual report.
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2.3 Expenditure and liabilities
Liabilities are recognised when it is probable that there is a legal or constructive obligation committing the charity to pay out resources and the monetary value can be measured with sufficient reliability. The specific bases used are as follows:
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(a) Expenditure is recognised on the accruals basis. (b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged. (c) Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
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2.4 Tangible assets
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{a) Tangible assets are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at their value on receipt.
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(b) Depreciation is calculated to write off the cost of tangible fixed assets over their useful economic lives. The rates used are as follows:
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(i) Building Improvement 5% Straight Line
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(ii) Fixtures and Fittings 20% Straight Line (iii) Computer Equipment 25% Straight Line
-
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2.5 Debtors
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(a) Debtors are recognised at the settlement amount due. (b) Prepayments are valued at the amount paid in advance.
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2.6 Cash
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(a) Cash includes cash in hand and bank balances repayable on demand.
1
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
2.7 Creditors
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(a) Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount, usually the invoice amount.
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(b) Accrued charges are normally valued at their settlement amount.
2.8 Taxation
The charity is not liable to corporation tax or capital gains tax on its charitable activities.
3. Transactions with trustees and related parties
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(a) No remuneration was paid to the trustees during the year or the previous year.
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(b) No expenses were reimbursed to the trustees during the year or the previous year.
4. Income from Grants and Donations
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Total|
|Funds|Funds|Funds|2025|2024|
|£|£|£|£|£|
|Grants|11,240|-|-|11,240|13,328|
|Donations|1,495|-|-|1,495|1,497|
|Total|for year|12,735|-|:|12,735|14,825|
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2
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. Income from charitable activities
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Total|
|Funds|Funds|Funds|2025|2024|
|£|£|£|£|£|
|Income|from|charitable|activities:|
|Nursery|Grant|Income|326,029|-|-|326.029|254,269|
|Out of School|Care|82,845|-|-|82,845|99,792|
|Wrap around|service|-|-|-|-|-|
|Total|for Year|408,874|-|-|408,874|354,061|
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13
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. Expenditure on charitable activities
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Total|
|Funds|Funds|Funds|2025|2024|
|£|£|£|£|£|
|Expenditure on|charitable|
|activities:|
|Staff Costs|(See Note|8)|327,451|-|-|327,451|299,917|
|Rent|27,000|=|-|27,000|27,000|
|Repairs|4,358|-|-|4,358|23,087|
|Utilities|3,901|"|-|3,901|5,906|
|Telephone|3,594|-|-|3,594|2,859|
|Administration|and|Stationery|5,966|-|-|5,966|8,079|
|IT and|Website|$24|-|-|524|661|
|Insurance|2,933|-|=|2,933|2,453|
|Play|Equipment|and Learning|7,667|-|-|7,667|5,977|
|Resources|
|Activities|and|Education|3,036|-|-|3,036|3,276|
|Volunteer|Expenses|3,540|-|-|3,540|3,470|
|Training|-|-|-|-|900|
|Lunches|and|Refreshments|20,958|-|=|20,958|17,775|
|Professional|Fees|455|-|-|455|299|
|Sundries|1,641|-|-|1,641|1,130|
|Depreciation|-|6,086|=|6,086|8,942|
|Total|for Year|413,024|6,086|=|419,110|411,731|
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14
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. Governance costs
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|||||
|---|---|---|---|
|Total|Total|
|2025|2024|
|£|£|
|Accounts|Preparation|2,340|2,340|
|Independent|Examination|600|600|
|Care|Inspectorate|330|182|
|3,270|3,122|
|8.|Staff Costs|
|Total|Total|
|2025|2024|
|£|£|
|Salaries and Wages|303,833|279,469|
|Employer’s|National|17,156|15,055|
|Insurance|
|Employer’s Pension|6,462|5,393|
|Contributions|
|327,451|299,917|
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No Employee received remuneration in excess of £60,000
Average Number of Employees
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|||
|---|---|
|Management|
|Nursery|Staff|
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|||
|---|---|
|Total|Total|
|2025|2024|
|2|2|
|15|15|
|i7|17|
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15
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
The Charity Trustees recognise that key management personnel identify as the Head of Centre and the Deputy Manager. During the year, total remuneration of £74,890 (2024: £59,409) was paid to key management personnel.
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The employer’s pension costs represent contribution payable by the charity to the fund.
- Tangible Assets
| Building | Fixtures& | Computer | Total | |
|---|---|---|---|---|
| Improvements | Fittings | Equipment | ||
| Cost | £ | £ | £ | £ |
| As at 30June 2024 | 6,375 | 37,304 | 5,930 | 49,609 |
| Additions | - | S | - | : |
| As at30June2025 | 6,375 | 37,304 | 5,930 | 49,609 |
| Depreciation | ||||
| As at30 June 2024 | 6,375 | 31,218 | 5,930 | 43,523 |
| Charge forYear | - | 6,086 | - | 6,086 |
| As at30June 2025 | 6,375 | 37,304 | 5,930 | 49,609 |
| Net Book Value | ||||
| As at 30 June 2025 | - | . | - | sf |
| Asat30June2024 | - | 6,086 | - | 6,086 |
16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| 10. | Debtors | |||
|---|---|---|---|---|
| Total | Total | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade Debtors | 7,585 | 7,900 | ||
| Other Debtors | - | 210 | ||
| 7,585 | 8,110 | |||
| 11. | Cash at bank and in hand | |||
| Total | Total | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Bank | 226,778 | 230,871 | ||
| Cash inhand | 291 | 360 | ||
| 227,069 | 231,231 | |||
| 12. | Creditors (fallingduewithinoneyear) | |||
| Total | Total | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals | 9,231 | 9,233 | ||
| InverclydeCouncil | ||||
| Grant inAdvance | Advance | - | 10,000 | |
| Independent | 2,940 | 2,940 | ||
| Examination& | ||||
| Preparation | ||||
| 12,171 | 22,173 |
17
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
13. Movement in funds
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As at Incoming Qutgoing Transfers As at
30/06/2024 Resources Resources 30/06/2025
Unrestricted funds £ £ £ £ £
General fund 217,168 421,609 (416,294) - 222,483
Designated funds
Fixed Assets 6,086 - (6,086) = _
Restricted funds - - - a -
Total funds 223,254 421,609 (422,380) - 222,483
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18
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
14, Movement in funds (Previous Year)
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As at Incoming Qutgoing Transfers As at
30/06/2023 Resources Resources 30/06/2024
Unrestricted funds £ £ £ £ £
General fund 254,193 368,886 (405,911) - 217,168
Designated funds /
Fixed Assets 15,028 - (8,942) - 6,086
Restricted funds - - - - oe
Total funds 269,221 368,886 (414,853) - 223,254
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15. Purpose of Funds
General Fund Unrestricted funds that can be expended at the discretion of the trustees in
furtherance of the objects of the charity.
Designated Funds Restricted funds that can only be used for a designated purpose.
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16. Transfer Between Funds
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There were no transfers between funds in the year ended 30” June 2025.
17. Lease Agreements
On 27" October 2016, the Charity Trustees entered into a lease agreement in respect of the premises at 19/21 Lynedoch Street, Greenock for a period of 10 years.
The Charity’s premises at George Road, Gourock are on a five-year sub-lease with Gourock YAC. This was renewed in November 2024.
19