REGISTERED CHARITY NUMBER: SC021738
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2025
for
Cambuslang Childcare Project
Cambuslang Childcare Project
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
Cambuslang Childcare Project
Report of the Trustees
for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees 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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives of the charity are to promote the benefit of the inhabitants of the Cambuslang area and in particular:-
(i) to advance the education of pre-school children through the provision of a stimulating play environment; (ii) to provide, for the public benefit, childcare facilities in the form of a childcare resource;
(iii) the advancement of education through the provision of training in the skills associated with the care and supervision of children of pre-school age;
(iv) to promote good quality childcare and child development through the provision of a stimulating play environment for children and the provision of play workshops and child development courses for parents and volunteers;
(v) to increase opportunities for involvement in community activity in the Cambuslang area;
(vi) to assist access to health and welfare services.
Public benefit
The charity meets the definition of a public benefit entity under FRS 102.
ACHIEVEMENTS AND PERFORMANCE
Annual review of activities
The charity received total income for the year of £169,371 (2024 - £133,827). Total expenditure for the year was £158,173 (2024 - £166,730) which was incurred in connection with the day to day running of the charity. This resulted in a surplus for the year of £11,198 (2024 - £32,903 deficit).
FINANCIAL REVIEW
Reserves policy
The capital account represents accumulated funds arising from past operating results. The Trustees are satisfied that the level held is sufficient to meet all anticipated liabilities. The balance of reserves as at the year end is noted in the Balance Sheet.
The charity's restricted Childcare Fund reserve as at 31 March 2025 is £45,423 (2024 - £34,225) and is distributable when conditions are met.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Cambuslang Childcare Project is an unincorporated charity registered on 16 June 1993. The charity was formed under a Constitution which established its object and powers.
Recruitment and appointment of new trustees
The number of Trustees is limited to a maximum of twelve, elected annually at the Annual General Meeting. A member of South Lanarkshire Council may be invited in an advisory capacity.
Key management remuneration
Key management personnel remuneration is agreed by the Trustees and reviewed annually.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC021738
Page 1
Cambuslang Childcare Project
Report of the Trustees for the Year Ended 31 March 2025
Principal address The Hut Ivybank Avenue Cambuslang Glasgow G72 8SQ
Trustees
Key Management Personnel
Independent Examiner
Gillespie & Anderson Chartered Accountants 147 Bath Street Glasgow G2 4SN
Bankers
Clydesdale Bank 47 Main Street Baillieston Glasgow G69 6SQ
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those 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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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 which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended). They 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.
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Cambuslang Childcare Project
Report of the Trustees for the Year Ended 31 March 2025
TRUSTEES' RESPONSIBILITY STATEMENT - continued Independent Examiner The Independent Examiner, , of Gillespie & Anderson, Chartered Accountants, has expressed a willingness to continue in office.
Approved by order of the board of trustees on 26 February 2026 and signed on its behalf by:
Page 3
Independent Examiner's Report to the Trustees of Cambuslang Childcare Project
I report on the accounts for the year ended 31 March 2025 set out on pages five to thirteen.
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 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report
My examination was 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 seeking explanations from you as 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 :
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(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; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 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.
The Institute of Chartered Accountants of Scotland
Gillespie & Anderson Chartered Accountants 147 Bath Street Glasgow G2 4SN
26 February 2026
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Cambuslang Childcare Project
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 2 Main charitable activities - EXPENDITURE ON Charitable activities 3 Main charitable activities - NET INCOME/(EXPENDITURE) - RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD - |
Restricted funds £ 169,371 158,173 11,198 34,225 45,423 |
2025 Total funds £ 169,371 158,173 11,198 34,225 45,423 |
2024 Total funds £ 133,827 166,730 (32,903) 67,128 34,225 |
|---|---|---|---|
The notes form part of these financial statements
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Cambuslang Childcare Project
Balance Sheet 31 March 2025
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 8 - - Cash at bank - 50,096 - 50,096 CREDITORS Amounts falling due within one year 9 - (4,673) NET CURRENT ASSETS - 45,423 TOTAL ASSETS LESS CURRENT LIABILITIES - 45,423 NET ASSETS - 45,423 FUNDS 11 Restricted funds TOTAL FUNDS |
2025 Total funds £ - 50,096 50,096 (4,673) 45,423 45,423 45,423 45,423 45,423 |
2024 Total funds £ 728 37,237 37,965 (3,740) 34,225 34,225 34,225 34,225 34,225 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 February 2026 and were signed on its behalf by:
The notes form part of these financial statements
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Cambuslang Childcare Project
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The Cambuslang Childcare Project is an unincorporated charity registered in Scotland and operating from the principal address as stated in the Trustees' Report. The financial statements relate to the charity as an individual entity, with the presentational currency stated as Pound Sterling (£) and rounded to the nearest pound.
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. There are sufficient cash resources and reserves at the year end to adopt the going concern basis in preparing its financial statements.
Critical accounting judgements and key sources of estimation uncertainty
The Trustees have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Trustees estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.
Income
All income is recognised when the charity is entitled to the income, it is probable that the income will be received and the amount can be measured reliably.
Charitable activities income comprises of income from donations, grants, legacies and any other income which is received from the provision of childcare services offered as part of the charitable activities of the charity.
Donations are recognised when the charity is entitled to the income, receipt of the income is probable and the amount can be measured reliably. Income from grants, not subject to performance related conditions, is recognised when the charity has entitlement to the funds, it is probable that the income will be received, the amount can be measured reliability and it is not deferred. Income from government grants is recognised when received as the accrual model is not permitted by the Statement of Recommended Practice. Legacy income is recognised when it is probable that it will be received.
Income from performance related grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliability.
Expenditure
Expenditure has been classified under the headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
Expenditure is recognised on an accrual basis when a legal liability is incurred, payment of the liability is probable and the amount can be measured reliably. The amount includes any VAT which cannot be fully recovered. VAT is reported as part of the expenditure to which it relates.
Charitable activities comprise all resources expended undertaking work to meet the charitable objectives. Such costs include the direct cost of charitable activities approved by the charity and all support costs relating to these activities. Governance costs include direct resources expended in the general running of the charity and are primarily associated with constitutional and statutory requirements.These costs are allocated entirely to charitable activities.
continued...
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Cambuslang Childcare Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES - continued
Expenditure
Volunteers
In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the financial statements due to inaccurate measurement bases.
Allocation and apportionment of support costs
Support costs are allocated wholly to charitable activities. Whilst the Trustees recognise that a small part of some items of expenditure included in support costs do relate to indirect governance costs, they are of the opinion that the time and costs involved in performing such an analysis outweigh the potential benefits arising from any such work.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Funds are classified as either unrestricted funds or restricted funds, defined as follows:
Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees discretion to apply the funds.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal process, but still within the wider objects of the charity.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity has no complex financial instruments but does hold basic financial instruments of debtors, cash at bank and creditors. Basic financial instruments are initially recognised at transaction value.
Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.
Debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.
Creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.
Employee benefits
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.
continued...
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Cambuslang Childcare Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES - continued
Provision for liabilities
A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.
2. INCOME FROM CHARITABLE ACTIVITIES
| 2025 Activity £ Grants Main charitable activities 168,646 Sundry income Main charitable activities 725 169,371 Grants received, included in the above, are as follows: 2025 £ South Lanarkshire Council 153,646 The Robertson Trust 15,000 Spell (Covid Grant) - 168,646 3. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 4) £ £ Main charitable activities 409 157,764 4. SUPPORT COSTS Governance Management costs £ £ Main charitable activities 155,604 2,160 |
2024 £ 133,634 193 |
|---|---|
| 133,827 | |
| 2024 £ 118,384 15,000 250 |
|
| 133,634 | |
| Totals £ 158,173 |
|
| Totals £ 157,764 |
continued...
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Cambuslang Childcare Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Management
| Trustees' salaries Trustees' social security Trustees' pension contributions Wages Social security Pensions Rent Insurance Telephone Sundries Repairs & renewals Subscriptions Payroll fees Petty cash expense Governance costs Examination fee 5. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' social security Trustees' pension contributions to money purchase schemes |
2025 Main charitable activities £ 41,101 4,416 1,046 95,110 2,676 2,033 500 473 822 84 1,057 377 1,009 4,900 155,604 2025 Main charitable activities £ 2,160 2025 £ 41,101 4,416 1,046 46,563 |
2024 Total activities £ 37,939 2,324 901 98,122 3,929 1,898 500 955 1,901 1,622 637 1,513 989 4,800 |
2024 Total activities £ 37,939 2,324 901 98,122 3,929 1,898 500 955 1,901 1,622 637 1,513 989 4,800 |
|---|---|---|---|
| 158,030 | |||
| 2024 Total activities £ 2,720 2024 £ 37,939 2,324 901 41,164 |
|||
| 41,164 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
continued...
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Cambuslang Childcare Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 Administrative staff 2 Childcare staff 6 8 No employees received emoluments in excess of £60,000. During the year, key management personnel, J Meechan and J McInroy received remuneration in £73,705 (2024 - £68,935) and pensions of £1,837 (2024 - £1,609). 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Main charitable activities - 133,827 EXPENDITURE ON Charitable activities Main charitable activities - 166,730 NET INCOME/(EXPENDITURE) - (32,903) RECONCILIATION OF FUNDS Total funds brought forward - 67,128 TOTAL FUNDS CARRIED FORWARD - 34,225 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Other debtors - |
2024 2 6 8 the sum o Total funds £ 133,827 166,730 (32,903) 67,128 34,225 2024 £ 728 |
|---|---|
During the year, key management personnel, J Meechan and J McInroy received remuneration in the sum of £73,705 (2024 - £68,935) and pensions of £1,837 (2024 - £1,609).
continued...
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Cambuslang Childcare Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 10. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall Within one year 11. MOVEMENT IN FUNDS Restricted funds Childcare Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Restricted funds Childcare Fund TOTAL FUNDS Comparatives for movement in funds Restricted funds Childcare Fund TOTAL FUNDS |
due as follows: At 1.4.24 £ 34,225 34,225 Incoming resources £ 169,371 169,371 At 1.4.23 £ 67,128 67,128 |
2025 2024 £ £ 4,673 3,740 2025 2024 £ £ 500 500 Net movement At in funds 31.3.25 £ £ 11,198 45,423 11,198 45,423 Resources Movement expended in funds £ £ (158,173) 11,198 (158,173) 11,198 Net movement At in funds 31.3.24 £ £ (32,903) 34,225 (32,903) 34,225 |
|---|---|---|
continued...
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Cambuslang Childcare Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Restricted funds Childcare Fund TOTAL FUNDS |
Incoming resources £ 133,827 133,827 |
Resources Movement expended in funds £ £ (166,730) (32,903) (166,730) (32,903) |
Resources Movement expended in funds £ £ (166,730) (32,903) (166,730) (32,903) |
|---|---|---|---|
| (32,903) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Restricted funds | |||
| Childcare Fund | 67,128 | (21,705) | 45,423 |
| TOTAL FUNDS | 67,128 | (21,705) | 45,423 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Restricted funds Childcare Fund TOTAL FUNDS |
Incoming resources £ 303,198 303,198 |
Resources Movement expended in funds £ £ (324,903) (21,705) (324,903) (21,705) |
Resources Movement expended in funds £ £ (324,903) (21,705) (324,903) (21,705) |
|---|---|---|---|
| (21,705) |
Purposes of restricted funds
Childcare Fund - To receive all grant income from this funding source and record the corresponding expenditure.
12. RELATED PARTY DISCLOSURES
There were no donations made to the Charity by Trustees during the year (2024 - £nil).
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