REGISTERED CHARITY NUM BER.. SC021068 Financial Sia ements they End 31 Jaltu 202 for Po ello T dlers
Ilo T(xldlers Hut Contents f the Financial Statemen for the Year End d 31 Janu 202 Page Report of the Trustees Independent Examiner's Report Ststement of FiTWLcial Activities Balan¢e Sheet Notes to the Financial Statements
obello Toddlers Hut
ort of the Trust
es
eYearE
ed31 Jan
for
2025
The try]stees present their report 1th the financial statcments of the eharity for the year ended 31 January 2025. The
Jstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the
UK and Republic of Ireland (FRS 102) {effectiv¢ l January 2019)-
OBJECTIVFS D ACTIVITIES
Objectives and Activities
The aim of Portobello Toddlers Hut ("the group" Toddler Hut") is to advance the education and social development of
pre-school children with the tmphasis on the play experience. This sets the children on a path towards becoming
COIJStructive and caring members of the com]nunity, whilst also advancing the education of their parents and other
appropriate persons.
In filltherance to thai aim Portobello Toddlers Hut aims to..
- provide safe and satisfying group play in which parents take part when appropriate
- encourdge od)er charitable activities through which pareDts may help the children
Th¢ 0p a150 aims io otTer affordable childcare with l]exibibty not always available at other organisations.
In order to meet these airn5 Portobello Toddlers Hut provides a play0Up for children aged 2..f years to 5 years, staffed
by 3 employees and l administrator. Children are provided with a rdnge of activities, Tesoitrces and pl2y experiences
within the playgroup sessions which run with both baltday and fvll day optiODS Monday to ThuTsday 8.30am-3pm.
ACHIEVEMENT AND PERFORMANCE
Charitable activitie5
Toddler Hut has Continued to support families and children a safe and happy environment to SlaIl$e and interact.
This year Toddler Hui ha5 welcomed back many children to the setting whilst gradually welcoming new children.
Toddler Hut has remained focused on the health attd wellbeing of all families in the local area by offering a safe space
for the children to develop through play, activities and experieD¢es.
Throughout the year Toddler Hut has received £1,819.33 in grants from the Healthy Snack Scheme. Thi5 has allowed
I'oddler Hul to cover the increasing costs of food and drinks over the y¢ar and ¢ontinue to Provide a substantial and
healthy snack for ihe children twi¢e a day.
The 'foddler Hut hos rais¢d £2,346.19 in ndraising and donations througb various events. These in¢lude a Lloiheb Sale
in Jiine, raising £372.62 and a toy sale in Decelnber, raising £299.60. as well as a fi]nding match of £500 daiidlLQ from
IIIL 13ank ol'scotland. Other fundraising activities include rag bag collection and Christmas raffle.
Tl)L 'l'tKldlLI' I lul was also successful in receiving a grant frojn Edinburgh City CouDcil as part of the Edii)biirKih guo
Icbr¥Lli(Trns. 'l-IIc blciiil W1.4 fLL¥lVtd in December 2024 for *4,6¥5.00 aod will be spent in th¢ next fu)ancial YL.
rLpdir the 5toi)e wall outsidc the Toddler Hut.
FINANCIAL RFVIFW
'1 ()LlIllLI' I lul started fLhniilry 2024 with reserves of £5.737 and a cash balance of £4,123. The CommiiiLL
5LVL¥LII fun(Ii
P obello Toddlers Hut ort of the Trse for th¢ Year En d)1 Janu 025 FINANCIAL REVIEW Reserve5 policy At the eftd of this reporting period, Portobello Toddlers holds total roserYe5 of Q8,749 (2024." £5,737) of which £6,600 (2093-. £1,915) are held In restricted funds. This l¢aves £20,443 of free r¢s¢rve5 (s¢n¢ral ¢sVeS less fixed assets)12024.. £3,822) The Trnstrtq deem this to be reagonable to ¢onttnue for thc nrxt fJnan¢ial vear and airn to coDiinue to build reserves to Ilow for 8ttater investment, ensure emcrgcncy r¢dulldan¢)' E0515 ar¢ Wved and proTect against the risk of monthly fluctuations it) income. FUTLQiE PLANS Heading into thiy ycar Toddlcr Hut will Gon(inue to rnaSntaiD and build on the numitr of children attcnding the settin%. Fundrni5in8 is also an opportwjily tu supp¢)n buildlng rhe reserves and the incorning ¢ommittee have an additioual person to look at d¢v¢lopitig tliis a5pwI uf income. STRUCTURE, GOVERNATYCE AfiD MANAGEMENT Gvv¥rnIg documeni The Chariry is controlled by its goveming documenL a dei oftrust and CO[ltuteS an unincorpordted ¢FLarity. Recrultment amd appointment of nesv trustees I rustees are recrniied from the local communty and are oppointed annually by the members of the charity. Listed below are all Trustees who have served durtng the y¢ar to the date of signing the report. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity nwrnber SC021068 Principal addre$5 28 Beach Lane F.dinbur8h EI-115 IHU . and signed on its behalf by. Pagc 2
Inde endent Examinevg Re ort 10 the T tees o Portobello foddlers Hut I report the ac¢ounts for the It8r etKled 31 January 2ff25 set out pages four to t¢n. Respeetive Te5pon$ibilitie$ oftrustee5 and exarniner The ¢haritys trusteth are Tespongible for the prepardtion of the accounts in accordance with the tem)s of the Charities and Trustce tnvesttnent (Scotland) Act 2(K).5 and the Chariti¢$ Accounts {gcotland) R¢gulation$ 2006 (as amended). l-h¢ charity's trlte¢S consider Ihal the audit requirement of Regulation 1011 I(a) to (c) of the Accounts R¢gulations d8 not apply. It is my responsibility 10 examine the a¢counts as requir¢d under Section 44(1)(c) of the A¢t and w state whether ticlllar matters have c()me io my attention. Basis of the Sndependeot examiDer'$ report My examinaiion was carried tsut in a¢cordan¢c with Rcsu]aLioii I l uf ihe Chariiies Accounts (Scotland) Regulations 2006. An examination iocludes a rcview of the a¢counÉlllg r¢¢ur(Is kept by the charity and a ¢omparison of the accounts presented with those records. It a150 includes ¢onsideiaiioll of any unusual iterns or disclosures in the accounts, and seekitig éxpliwation3 from you as tsu51c¢J Luii¥emin¥ any such matters. 'I"he procedures undertak¢n do llot provide all the eNrydern¢r that would bc r¢qullEd iti an audi4 and ¢0[qUeIty I do not express an audit opinion on the view given by the a¢eowi IRdepeDdent eXaltr,5 ¥tatemeNt In coiui¢ction with Jnv examination, no tllatt¢r h&% come to my attention - 11) which gives me reasonable cw¢ To believe that, in any material respecl the requirements io keep a¢counrtng records in a¢¢ordance wtth S¢rtion 44(1)(a) of the 2005 Act ard Re8iJlation 4 of the 2(K>6 Accounts Regulations; and to prepare accounts which accord with the a¢¢ounting records and to compty with Regulation 8 of the 2¢X)6 Accounts Regulations have not been met. or (2) to whirh. ui my opinion, attention should be drawi in order to enabk a proptr a¢rStanding of th¢ accounts io be ached. C)11 C'onstitiilion Strect .'diiihurgh Pitbjr 3
Porto Toddlers Hut Statement of Financial Activities for the Year ded31 ua 31.1.25 Total funds 31.1.24 Toial fid$ UTJrestri¢ted fund Restri¢ted funds Notes INCOME AND ENDOWMETr4TS FROM Donations and legacies 669 4,685 5,354 745 Charitable activities RUEll)g Playgroup 84,387 84,387 61,878 Oth¢r trading activities Investment tneom¢ Other inco£ 1,677 20 ,677 20 1,001 1,126 Total 86,753 4.685 91,438 67,750 EXPENDITURE ON Charitable activities Running Playgroup 68,426 68.426 76,932 NET INCOMEI(EXPENDITURE) 18,327 4,685 23,012 (9,182) RECONCILIATJON OF FUNDS Total funds bTought forward 3,822 1.915 5,737 14,919 TOTAL FUNDS CARRIED FORWARD 22,149 6,600 28.749 5,737 CONTINUING OPERATIONS All income and expenditure has arisen from Continuing activities. 1.lie statement of financial activities includes all gains and1055es recognised in the year. 'Ihe n*Jt&% lonn part ol'lh¢5e financial stat¢m¥nts Pabie 4
Portobello T ddlers Hut B lance She¢l lJaA 2095 31.1.25 Totsl funits 31.1.24 Total funds Unrestricted fimd R¢stricted funds Notes FIXED ASSETS Tangible assets 1,706 1,706 2274 CURIiENT ASSETS Cash at bank and ll) hand 21,139 6,600 27,739 4,123 CREDITORS Arnotuits falliii¥ due withiii (pnB year (696) (696) 1660) NET CURREfiT ASSETS 20.443 6,600 27.(M3 3.463 TOTAL ASSETS LESS CURRENT LIAIIILITIES 22,149 6.600 28,749 5,737 NET ASSETS 22.149 6.6lJO 28,749 5,737 FUNDS UniestTiCted fund5 Restricted fuRds 22,149 6,600 3,822 TOTAL FUNDS 28,749 5.737 Inanci I st4TrteTnents were approved by the Board of Trnsfres and authori5ed for issue . Ig la£. 2ao.25...... and w¢rc 5igne)J on its behalf by.. on ic noies fomi purt (pl'ilirb¥ r]nancial staLem¢nis
Portobello Toddlers Hut N tes to th Financial Statements for the ar End Janu 2025 ACCOUNTING POLICIES Basis of preparing the financial ststemeDts The f]nancial statements of the charity, which is a public benefit entity under FRS I02, have been prepared in accordance with the Charitie5 SORP (FRS 102) 'A¢counting and Reportkng by Ciwities.. Statement of Reconunended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland {FRS 1021 {effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and TNstee thvestment (Scotland) Act 2005. The fmanciai statements have be¢n prepared underthe histori¢al cost convention. The accounts are Presented in sterling which is tbe charity's fimctiona] currency, and rounded to the neare pound. No changes have been made to the basis of preparing the flnancial statements this year or to the previous yeavs f]nancial statements. Going eoncern The trustees have reviewed the fu)ancial positfon per page l end reserve5 policy per page 2 and are satisfied that Toddler Hut is tn a 5UStainable Position The accounts are therefore prepared OD a going con¢ern basis. Critical aceounting judgements and key sources oftstimation uncertainty The preparation of the financial statelnents confornjs with the requirements of the Charities SORP and general accepted accounting priDciples. The only area in which it is considered that accounting estimates and areas of judgein¢nt have been applied is depreciation. the policy on which is outlined b¢low. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measur¢d reliably. Expenditure Lic1bililies are reeognised as expenditure as soon a5 there 15 a legal or constructive obligation comniiltinu the charity to that expenditure. it 15 probable that a trdnsfer of economic benefits will be required in seltlcnicnt 11 nd the aiiiount of the oblitsation can be tneasured reliably. Expenditure is a¢Uted for on an accruals basis and lias been classified under headings that aggrcgate all cost related to the category. WThere eosts cannoi bc dirL¢IIy attributed to particular headings they have been allocated to activities on a basis consistent with IhL lTr%C ol. resources. T#iik¥ibl¢ fjxed assets Drs)ILLliilT()l) 15 provlded at ihe lollowing annual rates ti] order to write off each asset over its est11ll1ILd ilseliil FixliilS nd littings 25/0 on reducing balance 'I'IIL Lliiiiily is excinpl Irom tax on its charitable activitie& 111 bc used in ac¢ordic nce with the charitable objectives at the discretion of th¢ trii%lLL%. IIL.%li'tilLIl liiiid4 Ld*l l)Iily be used for particular re5tri¢ted purposes within the objects of the charity. IIL'%lriLIii)Jis iri%L wIiLfi %PLCtlILd by Ilie donor or wh¢n fiinds are raised for particular restricted purposes. I'iiriliL'I' LxpIEllliilii)ii vl'ilTrc nature and purpose of each fund is included at note I l.
Portobello Toddler5 Hut Notes to the Financial Statem ts- continued rthey ded31 Ja 2025 ACCOUNTING POLICIES- continued Measurernent of Debtors Trade and other d¢btors are recogtiised at the settlement amount due after any trade discount offered. Prepayments are valued at the amowit prepaid net or any trade discounts due. Cash at Bgnk and on Hand C&%h at bank and cash in hand includes cash atsd any short terni highly liquid investments with a short maturity of three months or less frorn the date of acquisition or opening of the d¢posiÈ or similar ac¢ount. Creditor5 and Loans Creditors and loans are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fvnds to a third party and the amoullt due to settle the obligation can measured oi estimated reliably. Creditors and ltsans are nonnally recognised at their settlement amount after allowing for any trade discounts due. VAT Portobello Toddlers Hut is not VAT registered and therefore expenditsjre is recOlsed inclusive of VAT. DONATIONS AND LEGACIES 31.1.25 31.1.24 Donations Grants 669 4,685 745 5,354 745 Grdnts received, included in the above, are as follows- 31.1.25 31.1.24 Cily of Edinburgh Collncil 4.685 OTHER TRADING ACTIVITIES 31.1.25 1,677 i.ooi INvftSTMF.NT INCOME 31.1.25 Depi)%il iiccoiinl inlei¢st 20 Page 7
oddlers Hut Notes to the Financial Statements - c tinued for the Year E ed31 Janu INCOI¥(E FROM CHARITABLE ACTIVITIES 31.1.25 31.1.24 Activity Running Playgroup Running Playgroup Attendance fees Milk refijnd 82,568 1,819 63.414 1,464 84,387 64,878 TRUSTEES, REMUNERATION AL¥D BENEFITS The tnjstccs {who are deemed tt> be key Inana¥ein¢ni personnel) received no remuneration or other benefits in the year ended 3 1 January 2025 (2024.. nil). Trustee5' expenses There were no trustees. expenses paid for the year endea 31 January 2025 nor for the year ended 31 January 2024. STAFF COSTS The average monthly nuEnbei of employees during the year was & follows.. 31.1.25 Playgroup 31.1.24 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVtTIES Unr¢stricted fund Restricted fuDd5 Total runds INCOME AND ENDOWMENTS FROM Dot)1c tions and legacies 745 745 ChAriiable #ctivities Ruiii)inb Playgroup 64,878 (?4.K78 Oihcr trciding activities Otl)ii' Iiity(TrTric 1,001 1,120 1.126 TolAI 67,750 ()7.7.$0 F.xi'f4,Nl)ITIIIiF, ON 76.932 7(}.1?.3? N>;'I' INC.'()Mli Illi xi'r,NDITURE) (9,182) III4 ('1)NC'II.IAI'I()N I)fv FUNDS 13,004 ,915 .1 (I'I'A I, 14'llNI).4 C'AIIRifi D PORWARD 3,822 1,915 S,7 17 Page 8
Portobell oddlers H Notes to the Financial Statements- continued for the Year Ended 31 Janu TANGIBLE FIXED ASSETS Fixtures fittings COST At l February 2024 and 31 January 2025 8,172 DEPRECIATION At l February 2024 Charge for year 5,898 568 At 31 Jatjuary 2025 6,466 NET BOOK VALUE At 31 January 2025 1,706 At 31 January 2024 2.274 io. CREDITORS: Amourrfs FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24 Other creditors 696 660 MOVEMENT IN FUNDS Net movemenl in funds Al 31.1.25 At 1.2.24 Unrestricted funds General fund 3,822 18,327 22,149 Restricted fud$ Toddlers Ilut Development Project Repair Grant 1,915 1,915 4,6X5 4,685 1,915 4,685 6.600 TI)TAL fuNDS 5.737 23,U12 ?8,74() NLI tll(TrVLIMenl IR fuiids, included in the above are as follows.. Incoming resource5 Resources expended UiirL'%lri¢lLd flind.% 86,753 {68,426) c%lriLted fuijd. 4.685 IM)'I'AI, II'llNI)S 91,438 {68.426) Page 9
Portobello Toddle Notes tts the Financial Statements continued for the Year Ended 31 Janu 2025 ii. MOVEMENT IN FUNDS- continued Comparatlyes for movement in funds Net oveme in thnds At 31.1.24 Al 1.2.23 Unrestricted fund5 General nd 13,OIH (9,182) 3,822 Restricted funds Toddler5 Hut Development Project 1,915 1,915 TOTAL FUP4DS 14,919 (9.182} 5,737 Comparative net rnovem¢nt in fimds, included in the above are as follows: Incoming resources Resource5 experAded Movement in funds Unrestrieted funds General fi]nd 67,750 {76,932) (9,182) TOTAL FUNDS 67.750 (76.932) (9.182) The Toddlers Hut Development Project is held for the purtx)ses of redundaD¢ies. The Repair Fund consists of income received during the year from Edinburgh City Council which will be used to repair the wall outside Portobello Toddlers Hut next yetr. 12. RELATED PARTY DISCLOSURES There were no related party tran5acttons for the year ended 31 January 2025 nor for the year end¥(131 Janu£lry 2024 Pag¢ 10