Charity registration number: SC019835
Kinross After School Club
Annual Report and Financial Statements
for the Year Ended 30 June 2025
Kinross After School Club
Contents
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|---|---|---|---|---|---|---|
|Reference|and|Administrative|Details|1|
|Trustees’|Report|2|
|Statement|of Trustees'|Responsibilities|3|
|Independent Examiner's|Report|4|
|Statement|of Financial|Activities|5|
|Balance|Sheet|6|
|Notes|to the|Financial|Statements|7|to|11|
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Kinross After School Club
Reference and Administrative Details
Trustees
Trustees Wendy Given Craig Masson Charity Registration Number SC019835 Independent Examiner Ross McConnell
Page 1
Kinross After School Club
Trustees’ Report
The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2025.
Objectives and activities
Public benefit
For more than 30 years, Kinross After School Club has provided local families with affordable and quality childcare. In recent years, KASC has continued to develop and respond to better serve the community and its changing needs. Likewise, KASC is committed to fulfilling its regulatory and compliance obligations, ensuring positive outcomes for the young people in our care. KASC continues to be the largest childcare provider in the area, with a positive reputation to match in scale. 2024-2025 highlights have been: - Maintaining and further developing our membership. - Developing our activity planning and evaluation to ensure that our service continues to be inspired and led by our young people. - Strengthening and training our staff team. - Developing our use of technology to make our service more efficient and communication easier with both our KASC families and the staff team. For example, using Cheqdin to its full capacity, moving towards a paperless setting, - Partnering with HR Booth to provide human resource management required since KASC has grown significantly in recent years. - Developing our committee. Though recruitment can be challenging and remains ongoing, we appreciated the input and commitment of new members.
Financial review
Income for the period was £163,984 and expenditure was £171,026 giving a loss of £7,042 for the year. Leaving a closing balance of £40,508. Of the balance, £40,508 relates to unrestricted funds. During this period, our service has been self-funding. For 2024-2025, our families pay a session fee, and this accounted for £40,508 of our funds. Reserves Policy At the present time, the trustees consider the balance and future membership fees to be sufficient to carry on the current activities for 2025-2026.
The annual report was approved by the trustees of the charity on ............... and signed on its behalf by:
a Craig Masson Trustee
Page 2
Kinross After School Club
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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- make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust deed. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity OM .......+s0 and signed on its behalf by:
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So ma, = d
Craig Massor
Trustee
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Page 3
Kinross After School Club
Independent Examiner's Report to the trustees of Kinross After School Club
I report on the accounts of the charity for the year ended 30 June 2025 which are set out on pages 5 to 11.
Respective responsibilities of trustees and examiner
The 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 trustees consider that an audit is not required for this year under Regulation 10(1) (d) of the 2006 Accounts Regulations and that an independent examination is needed. 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 report
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts 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 has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Laura McConnell Chartered Accountant
pate: 24/3/24...
Page 4
Kinross After School Club
Statement of Financial Activities for the Year Ended 30 June 2025
| Unrestricted | Total | ||
|---|---|---|---|
| funds | 2025 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Charitable activities | 163,984 | 163,984 | |
| Expenditure on: | |||
| Charitable activities | (171,026) | (171,026) | |
| Total Expenditure | (71,026) | (171,026) | |
| Netmovement in funds | (7,042) | (7,042) | |
| Reconciliation offunds | |||
| Total funds brought forward | 47,550 | 47,550 | |
| Total funds carriedforward | 40,508 | 40,508 | |
| Unrestricted | Total | ||
| funds | 2024 | ||
| Note | £ | = | |
| Income and Endowments from: | |||
| Donations and legacies | 5,/13 | 5,713 | |
| Charitable activities | 163,880 | 163,880 | |
| TotalIncome | 169,593 | 169,593 | |
| Expenditure on: Charitable activities |
(162,117) | (162,117) | |
| TotalExpenditure | (162,117) | (162,117) | |
| Netmovement in funds | 7,476 | 7,476 | |
| Reconciliation offunds | |||
| Total funds brought forward | 40,074 | 40,074 | |
| Totalfundscarriedforward | 47,550 | 47,550 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note .
Page 5
Kinross After School Club
(Registration number: SC019835) Balance Sheet as at 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 9 | 388 | 3,723 |
| Current assets | |||
| Cash atbank and inhand | 40,917 | 44,069 | |
| Creditors: Amounts fallingdue within oneyear | 10 | (678) | (123) |
| Net current assets | 40,239 | 43,946 | |
| Net assets | 40,627 | 47,669 | |
| Funds ofthe charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 40,508 | 47,550 | |
| Other reserves | 119 | 119 | |
| Total unrestricted funds | 40,627 | 47,669 | |
| Totalfunds | 40,627 | 47,669 |
The financial statements on pages 5 to 11 were approved by the trustees, and authorised for issue ON ........ceeeee and signed on their behalf by:
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Craig Masson :
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Trustee
Page 6
1 Accounting policies
Kinross After School Club
Notes to the Financial Statements for the Year Ended 30 June 2025
Statement of compliance
The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014, the Financial Reporting Standard for Smaller Entities (FRSSE), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Page 7
Kinross After School Club
Notes to the Financial Statements for the Year Ended 30 June 2025
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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|---|---|---|---|---|---|
|Asset|class|Depreciation|method|and|rate|
|Equipment|25%|straight|line|
|2|Income|from|donations|and|legacies|
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|---|---|---|---|
|Grants,|including|capital|grants;|
|Grants|
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3 Income from charitable activities
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|---|---|---|
|Total|Total|
|2025|2024|
|£|£|
|-|5,713|
|-|5,713|
|Unrestricted|
|funds|
|Total|Total|
|General|2025|2024|
|£|£|£|
|163,984|163,984|163,880|
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Page 8
Kinross After School Club
Notes to the Financial Statements for the Year Ended 30 June 2025
4 Analysis of governance and support costs
Governance costs
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|---|---|---|---|---|---|---|---|---|
|Unrestricted|
|funds|
|Total|Total|
|General|2025|2024|
|£|£|£|
|Staff costs|
|Wages|and|salaries|142,604|142,604|132,095|
|Other|staff costs|681|681|712|
|Professional|costs|
|Accounting|fees|1,080|1,080|1,200|
|Depreciation,|amortisation|and|other|similar|costs|3,335|3,335|2,061|
|Rent|-|-|40|
|Insurance|403|403|425|
|Equipment|repairs|and|renewals|1,847|1,847|719|
|Computer|software|and maintenance|costs|1,463|1,463|1,368|
|Postage,|telephone|1,088|1,088|1,418|
|Photocopying,|stationery|and|advertising|458|458|997|
|Sundry|expenses|3,482|3,482|2,612|
|Room|hire|1,117|1,117|-|
|Refreshments|5,553|5,553|4,645|
|Staff gifts|469|469|617|
|Cleaning|and|covid|expenses|137|137|298|
|Play equipment|7,309|7,309|12,910|
|171,026|171,026|162,117|
|5|Net|incoming/outgoing|resources|
|Net (outgoing)/incoming|resources|for the|year|include:|
|2025|2024|
|£|£|
|Depreciation|of fixed|assets|3,335|2,061|
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6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 9
Kinross After School Club
Notes to the Financial Statements for the Year Ended 30 June 2025
7 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Staffcosts during the year were: | ||
| Wages and salaries | 142,604 | 132,095 |
| Other staffcosts | 681 | 712 |
| 143,285 | 132,807 |
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| No | No | ||||
| Total | staff | 9 | 9 |
No employee received emoluments of more than £60,000 during the year
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 10
Kinross After School Club
Notes to the Financial Statements for the Year Ended 30 June 2025
9 Tangible fixed assets
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|---|---|---|---|---|---|---|
|Furniture|and|
|equipment|Total|
|£|£|
|Cost|
|At|1|July 2024|15,831|15,831|
|At|30|June|2025|15,831|15,831|
|Depreciation|
|At|1|July 2024|12,108|12,108|
|Charge|for the|year|3,335|33335|
|At|30|June|2025|15,443|15,443|
|Net|book|value|
|At|30|June|2025|388|388|
|At 30|June 2024|3,723|3,723|
|10|Creditors:|amounts|falling due|within|one|year|
|2025|2024|
|£|£|
|Other|taxation|and|social|security|677|z|
|Other|creditors|1|123|
|678|123|
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11 Analysis of net assets between funds
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|---|---|---|---|---|
|Unrestricted|
|funds|
|General|Total|funds|
|£|£|
|Tangible|fixed|assets|388|388|
|Current|assets|40,917|40,917|
|Current|liabilities|(678)|(678)|
|Total net|assets|40,627|40,627|
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