**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 - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - 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. Page 2 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 : - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - 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 Page 4 ## 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 Page 5 ## 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 Page 6 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... Page 7 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... Page 8 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... Page 9 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... Page 10 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... Page 11 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... Page 12 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). Page 13