REGISTEI CHARrrY NUMJIER: SC022I74 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR TItE, YEAR EIYDED 31 MARCH 2025 FOR GAP Chlldcare S¢rvlees Burgoyne Carey Chartered Accountants Pavilion 2 3 Dava Street Broomloan Road Glasgow G512JA
GAP Chlldcare Services CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report StatemenÉ of Financial Actlvitles Balance Sheet Note5 to the Financial Statements 7 to 12 Detailed Statement ofFSnanei&l Activities 13 to 14
GAP Childcare Services REPORT OF THE TRUSTEES For The Year Ended 31 March 2025 The trustees present thell, rttport with the fmancial statements of the charity foi. the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Cliarities: Statement of Reconlln¢nded PrtICe applicable to ¢hai'ities preparillg their accounts in accordance with the Finallc1 Reporting stalldd applicttble in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJLI CTIVES AND ACTIVITIES Objectives and alms OB.IF,CTIVRS To continue to meet the needs of the pareiits and children withill our catchm¢nt ea by providing safe, stimulating and ¢ducational ¢hiIdC'e. To '¢ate furtlier deinand by sustaining excellen¢¢ in the provision of an ediicational, supportive and stimulattng environment that Childre parents and employees benefrt from. To work realistic opening hours with pricing and support policies that do not exclude any pai'ent or guardian from the opportunity of employment, education, community or business involvement and requii'e childcare to do so. To matntain a working envn'onment that attracts, retains further develops employees tIough Equal Opportunities in the provision of training and personal development. AIMS The aim of GAP Childcare Service is to provide good qllIty affoi'dable Out of School childcare, accessible to all parents who attend Primary 1-7 in any of the following primary schools.. Hoty Cro, Cuthbertson, St Brides Battlefield Pritnary, Also any child attending Sl and S2 in Holyrood Secondary or Sbawlwids Academy.This service will be provided during tsrm time, school holiday5 and in-service days. CHIEVEMEI NTS AND PERFORMANCE Ch8ritabIe activities Every year sees changes to the service, with new chtldren con]ing in and older children rnoving on. We have been fortunate to build a good bond with St Brigid's Primary in Toryglen and continue to collect from this School likewtse with Holy Cross primary. The has helped keep the income of the out of school care on a level basis and keep the s6rvi¢e running s]noothly. We continue to have positive links with outside agencie8 8u¢h as Social Work and have pi'ovided much needed out of school care to the most vulnerable children lli the past year. Tbe management Connittee have supported the Manager and staff throughoiit the year. The mobile crèche service has been very slow as no new groups have ejnerged since the pandeinic, The service continue5 to grow at a steady pace and new children have joined us. We have becotne an adopter service for the school ag¢d chAldcare fund provided by the S¢ottish government. The lld is designed to get Children into atl'er school Care and adults back to work or training, by providing paid for childcare places. We continue to seek funding streams from diff¢Tent areas and apply for additional fimding to help the service and restock resources. FINANCIALREVIEW Flnancial position In older to address the recurring defieits of recenl years the charity has increased fees the tLUStees ar¢ actively seeking out new fullding sources. Prkncipal funding sources Funding for has been secured frotn Glasgow CLty Council until 2026 Page I
GAP Childcare Services REPORT OF THE TRUSTEES For The Year Ended 31 March 2025 rilNANCIAL REVIEW Reserv policy The Trustees alln to retalll six inonths expendittue in r¢serves. Due to the effect of Covid 19 this bas not been achieved in i'ecent years biit is still the long-tenn objective as utilsation of the service is once ag&in growing. Separats resffl'ves are maintsined whei'e grallts i'eceived foi a specific purpose have not beeu thlly utilised ill the accounting period. IUTURE PLANS GAP has secured GCC funding for the next two years and is now preparing a new application for the following thir¢ years, STRUCTURE, GOVERNANCE AI4D IWIAGEMENT Governlng document The charity is controlled by its governing documeiit. a deed of trust and constittites an untncorporat¢d charity, Recruitment and appoilltmellt of new trllste Any person who wishes to become a trustee shall lodge with the organisation a written application, and that application will be out fonvard at the Annual General Meeting and be put to a vote of the niembership. Organisatlonal strueture The Trustees have delegated day to day managetnent to the rnanager Jackie Gray. Induction and training of new trustees The ¢xisting Trustees are already familiar with the w?ctical work of the Charity and new Trllstees are invited and encouraged to attend a series of short training sessions to familiaTise themselves with the Chaiuty and the lltext within which it operates. These are led by the Chairperson and the rnanager and ¢over: - The obligations of Management Committee membe - The main documents whtch set out the OpetiOnal framework for the Charity - Resourcing and the ¢urrfflit financial position as set out in the latest published a¢¢ounts - Future plans and objectives REFEI RENCI AND ADMIf+USTRATIVE DETAILS Regi5ter¢d Charlty number SC022174 Prlnelpal address Gap Otyice Govanhill Neighbourhood Centre 6 Daisy Stt'eet Glasgow G42 8JL Page 2
GAP Chlldcare Services REPORT OF THE TRUSTEES For The Year Endad 31 March 2025 Tnrstecs Independent Kxamlner BurgoiTLe Carey Chartered Accountallts Pavilion 2 3 Dava Street BrooniLoaD Road Glasgow G512JA Bankers RBS CILY Centre Brwch 10 Goiylon Street Glasgow (113PL Approved by order of the board of trustees on 28 Noyetnber 202S and signed on its behalEby.' Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAP CHILDCARE SERVICES I r¥yurt Dn the accounts for the yeAr ended 31 M8rth 2025 s¢t out on pages five to twelve. Respective mpollslbilities of t1tte5 and exallner The ch&i'lly's trustees are responsibl¢ for the preparation of the LccOits In accordance with the tenns of ilLe Charities and Trustee tnvcstmtynt (S¢ullÉd) Act 2005 Ed the C'haiitles Accounts (Scotknd) KegulaLions 2006 (as amended). The ehurityOs (ruste consider that the audit Yequiremeiit of Regulation l O(l)(a) to (c) of th# Accounts. Regulations cloes not apply. Jt is iny restK)nsibility tv exainine the accouiits as i'eqiiired under SeLtion 44(1)(L} of the Act and to state whether particular matters have come tD nry atteiition. B8sts of the Indeptndent ex2mlner's i'eport My cxaminth'oii was carried out in accoi'dance with Regulation I l of the Chariiles Aeeounts (Scotlalld) Regul&ions 2006. cxainlntIUn iiicludcs a rcviL'W th# accounting records kept by the eharity and & cOparISD of the acLout preseiitcd with thosc rccordb.. It alsu includes consideration of any unusual items or disclosures in the accounts, alld scckinLi explanaiions from you as trustees concerning any sucli i]ratters. The proL'cdurtys undertaken do not wuvide all the cvideiice that would be requii'¥d in audil and coiisequcntly I do expi'ess an audit opinion on the view given by the acbounts. Independciit exAJnintr's statcment In conne¢tioLI WLth my exaniin&tioIi, riu iiiatler has come to my 811entiun '. (l) which givcy tne reasonable causo to beliL4VQ tbaL in any material respecL the requll'ements to kecp accounting records in accordan with SectÈon 44(1)(&) of the 2005 Act and Regulation 4 of the 2006 Accovllts Regulations. afL to prepare accounts whioh a¢¢ord with the accounting rccords and to comply with Regu]atiOn 8 of the 2Q06 Accounts Regulations have not beell met. oi. {2) to whi¢h, in my opinÉon, attention should be drnwn in order to enable a proper understanding of thc accounts to bc reached. "The Inslinite ofchartered AccoLintants of scotlic nd Burgoyn¢ CaT¢y Chart¢r¢d Accountants Pavilii)n 2 3 Dava Street Broondoan Road Glasgo G512JA Page 4
GAP Chlldcare Services STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2025 2025 Total funds 2024 Total fimds Unrestricted fimd Restricted funds Notes INCOME AND EI NDOWIIIENTS fROTrI Donations and legacles 5,000 44271 49271 52,321 Other trading activities Investment income Other illcome 120,765 1,078 120,765 1,119 111,108 1,346 11,268 41 Total 126,843 44,312 171,155 176,043 EXPLI NDITURE ON Cliaritable aetivitie5 Childcare 105,904 44,312 150,216 179,959 Other 54,495 54,495 Total 60,399 44,312 204,711 179,959 NET INCOME(J(EXPENDITURE) (33,556) (3 3,556) (3,916) RECOIYCILIA TION OF FUNDS Total funds brought forward 103,583 3,994 107,577 111,493 TOTAL FUNDS CARRIED FORWARD 70,027 3,994 74,021 107,577 The notes foml part of these fancIal statements Page 5
GAP ChAldcare Services BALANCE SHEET 31 March 2025 2025 Total nds 2024 Total nds Unrestricted fulld Restricted Notes IIIXF,D A&SETS Faugiblc ass¢ls 21,926 21,926 29.691 CURREhY ASSFT.S Cash at biml< and in hand 52,594 7,174 59.768 85,892 CRFDrroRS Amoiints fallllig du¢ within onc y6ar (4.493) (3,18Q) (7,673) (8,006) NET CURREwf ASSE 48,101 3,994 52,095 77,886 TOTAL Assvfs Lfi SS CURRENT LIABILITIES 70.027 3,994 74,021 107,577 NET ASSETS 70,027 3,994 74,021 107,577 FUls Unrestricted funds Restrictsd fiwds 10 70,027 103,583 3,994 TOTAL FUNDS 74,021 107,577 The financial statellts werc approved by the Board of Trustee5 authoris¢d for issu6 on 28 Nov¢mb¢r 2025 and were si.gned on rt) behalf by., The not¢s fornl part olthes¢ finaucial statements Page 6
GAP Childcare Services NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 March 2025 ACCOUDITING POLlCtES BASIS OF PREPARING THEI FINANCIAL STATtIME¢ NTS The fanCIal 5tat¢ments of the charity, which is a public benefit entrty under FRS 102, have been prepared ill accordance with the Charities SORP (FRS 102) ' Accounting and Reporting by Charities: Statement of Recoinmended Practice applicable in the UIC and RepLiblic of Ireland (FRS 102) (effective l Janiiary 2015)" the Financlal Reporting Standard applicable in th¢ UK Republio of Ireland (FRS 102) and the ch'itIeS and Trustee Investment (Scotland) Act 2005. The fmancial statements have been pi'epared under the histori¢aL cost convention. All incoiTte is recognised in the Statenient of Financial Activities once the charity has entitleinent to the nds, it is probable that the income will be received and the atnount can be m¢&8ured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as thei'e is & legal or constructive obligatloll commrrtiDg Ihe clwity to that expenditure, it is probable that a tL7nsfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Wbere costs cannot be directly attributsd to particular headings they have been allo¢ated to activities on a basis consistent with the use of i'esources. TANcLE FIXED ASSETS Depreciation is provided at the following annual rdtes in order to write off each asset over its eSti]]ted use1 life. Fixtures and fittings Motor vehicles 330kn on cosL 250/0 on cost and IOO/ty on cosE 250/0 on cost TAXATION The charity is exempt fron] tax on its clmritable activities. FUND ACCOUNTING Unrestricted funds can be ied in accordance with the charitable objectives at the discretion of the trustees. Restricted fimds can only be used for particular restricted Purposes within the objects of the charity, Restrictions arise when specified by the donor or when funds are raised for p&ticular restricted purposes, IllRE PURCHASE AND LEASING COMMITIWIENTS Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the Ie. PENSION COSTS AND OTHER POST-REI TIREMENT BENEfiITS The charity nRkes contributions to it's employees, defmed contributiott pension schejne. Page 7 continued...
GAP Childcare Services NOTES TO THE FINANCIAL STATEMENTS- continued For The Year Ended 31 March 2025 DONATIONS AND LEGACIEIS 2025 2024 Grants 49271 52,321 2025 2024 GCC ConnunItylIntegF8ted Grant Funding Employer's Allowance Area Partnership -Toy Fund 44,271 5,000 44,271 5,000 3,500 49,271 52,771 OTHER TRADING ACTIVITIES 2025 2024 Out of School Income, Crèche and Mobile Crèche fees 120,765 111,108 INVESTMENT ITrICOME 2025 2024 Deposit aOllnt interest 1,119 1,346 TRUSTEES, REMUNE4 RATION AND BENEFITS There were no trustses, i'etnuneration or other benefits for the year ended 31 March 2025 nor for the year ellded 31 March 2024. TRUSTEfs' IXPENSES There were no trustees, expenses paid foT the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The average Juonthly numba. of employees during the year was as followg,. 2025 2024 Childc&re Admintstration No ernployees received emoluments in excess of £60,00(J. Pag¢ 8 ¢ontinued...
GAP Childcare Services NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrrtES Unrests'icted fimd Restrictsd funds Total funds INCOME AND EINDOWMENTS FROM Donations and l#ga¢ios 52,321 52,321 Other tradll aclivities Investjnent illeome Othei. income 111.108 1,309 11,268 111,108 1,346 11,268 37 Total 123,685 52,358 176,043 EXPENDtTURE ON Charitable activfitfies Childcare 127,601 52,358 179,959 NET INCOMW(EXPENDITURE) (3,916) (3,916) RECONCILIATION OF FUNDS Total finds brouglrt forward 107,499 3,994 111,493 TOTAL FUNDS CARRIED FORWARD 103,583 3,994 107,577 T ANGIBLE FIXED ASSETS Fixtures Motor vebicles fittings Totals COST At l April 2024 Additions 16,340 2J06 34,390 50,730 2,306 At 31 March 2025 18,646 34,390 53,036 DEPRECIATION At l April 2024 Charge for year 10,940 3,977 10.099 6,094 21.039 10,071 At 31 March 2025 14,917 16,193 31,110 NET BOOK VALUE At 31 March 2025 3,729 18,197 21,926 At 31 March 2024 5,400 24,291 29,691 Page 9 continued...
GAP Childcare Services NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2025 CRE< DrroRS: AMOUI4TS FALLING DUE WITHIN ONE YEAR 2025 2024 Taxation and social seciwity Other creditors 3,595 4,078 3,622 4,384 7.673 8,006 10. MOVEME< Nf IN FUNDS Net tnoven]ent in funds At 31.3.25 At 1,4.24 Uiirestricted funds General fund 103,583 (33,556) 70,027 Restrtcted funds Restricted 3,994 3,994 TOTAL FUNDS 107,577 (33,556) 74,021 Net movement ill fun(ts, included in the above are as follows: Incoming resources Resources expended mOvnent in thnds Unrestricted funds General thnd 126,843 (160,399) (33,556) Restrleted fund5 Restricted 44,3E2 (44,312) TOTAL FUNDS 171,155 (204,711) (33,556) Comparatives for movement in funds Net movement in funds At 31,3.24 At 1.4.23 Unrestricted funds General fid 107,499 (3,916) 103,583 Restrieted funds Restricted 1,994 3.994 TOTAL FUNDS 111,493 (3.916) 107,577 Page 10 ntinued...
GAP Childcare Services NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2025 io. MOVJLMLNT IN FUNDS - continued Cotnpai'ative net move1nt in nds, included in the above are as follows: Inooming resources Resoiwces expended Movement in funds Unrestrlcted funds Gen¢r&l fund 123,685 (127,601) (3,916) Restricted fullds Restricted 52.358 (52,358) TOTAL FUNDS 176,043 (179,959) (3,916) A current year 12 inonths 2thd prior year 12 months combined position is as foLIows: Net movement ill funds At 31.3.25 At 1.4.23 Ullrestricted funds Gelleral fund 107,499 (37,472) 70,027 Restricted funds Restricted 3,994 3,994 TOTAL FUNDS 111,493 (37,472) 74,021 A current year 12 months and prior year 12 months combAned net movement in funds, included tn the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fi]nd 250,528 (288,000) (37,472) R¢stri¢ted funds Restricted 96,670 (96,670) TOTAL FUNDS 347,198 (3 84,670) (37,472) Pag¢ll continued...
GAP Childcare Services NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2025 11. RELATED PARTY DISCLOSURES There were no iElated pw transactions for the year ended 31 March 2025. Page 12
GAP Childcare Services DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2025 2025 2024 INCOMI AND ENDOWMENTS Donations and legacies Gi'ants 49,271 52,321 Other trading aetfivities Out of School Income, Crèche and Mobile Crèche fees 120,765 111,108 Investment income Deposit account interest 1,119 1,346 Other llleome Gain on sale of tangible fixed assets 11,268 Total incoming resources 171,155 176,043 I XPENDITURE Charitable activities Wages Social security Pensions Out of School Care Costs 126.453 8,977 2,179 13,667 113,643 9246 1,955 9,904 151,276 134,748 Support costs Mallagejnent Leasing Rent Insurance Telephone Postage and stationery Sundries Subscriptions & Publications Motor & Trdvel Expenses Professional Fees Staff Training Depn of Fixtures & Fittings Motor v¢hi¢les Repairs 5,318 15,099 6,913 2,442 794 591 3,337 4,482 996 915 3,976 6,094 816 5,853 3,851 6,289 1,279 2.543 1,319 2271 6,820 2,988 3,400 6,094 859 51.773 43,566 Flnance Bank charges 102 85 Covernance costs Accountancy and legal fees 1,560 1,560 This page does not foTm part of the statutory financial statements Page 13
GAP Chlldcare Services DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2025 2025 2024 Total iEsouires expended 204,711 179,959 Net expenditure (33,556) (3,916) This page does not form part of the gtatLrtory fllw)¢ial statements Page 14