Charlty Reglstratlon No. SC023179 (Scotlandl SQUIDS AFTER SCHOOL CLUB UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE Ag PARTNERSHIP LIMITED Chartor•d Accountants Abercorn Sehtsol N8wton West Lolhlan EH52 6PZ
SQUIDS AFTER SCHOOL CLUB LEGAL AND ADMINISTRATIVE INFORMATION Tru5tsBs Charity numb•r IScotl•ndl SC023179 Ind•p•nd•nt •xamlner
SQUIDS AFTER SCHOOL CLUB CONTENTS Page TNslee8' report Indepandont 9xamin¢rf8 report Slalemonl of fjnanclal lilIeS Balanc8 th8 Notas lo Ui8 ffn8n¢lal stalements 8-15 The followlng pagès do not fomi part of the statutory flnanclal 8tatement8 Delalled slat8m8nl of ftrn8ncial 8elivillès 17
SQUIDS AFTER SCHOOL CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present their annual report and financial statements for th8 year ended 31 December 2024, Tho financial slalemenls have been prepared in accordance with the accounting ptslicies sel out in note 1 to the financial slalemenls and comply with the eharity's goveming document. the Charili@s and Trijslee Investment Iscollandl Act 2005. the Charities Accounts Iscollandl Regulations 2006 las amended) and "Accounting and Reporting by Charilios.. Slalemenl of Recommended Pr8clice applicable lo charities preparing their a¢counls in accordance wlh the Financial Reporiing Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191" ObS8ctlv@s and actlvltles The charity's objectives are, pei the Deed of Conslilulion,. To offer 8 high standard of OLIt of school caro lo children ellending s¢h¢ols within South Queenslerry or living in the local community. The maln purpose ol the charily is lo enable parents wilhin the local community lo continue with, or seek employment, foeling safe in the knowledg& that their children ale being cared for in an envlronmenl where Ihey le81 happy, slimulaled and safe from harm. The charity Is regulated by the Care Inspeclorale and follows an ethos that the h6allh. safely and wellbeing of all children is of paramount importance. Policies, Procedures and GLtidelin8s are derived from current legislalior). All staff are trained in line wilh Sqvids Local Policies and always adhere lo these to ensure this ethos is upheld. The charily aims lo provide a fri8ndly, caring and supportive learning environment for children of 8 primary school age, ensuring all aspecls of Squids reflect the diverse n81ure of our society and that all children are made lo feel welcome and included by being Irealed with éigrlity and respect. Unfortunately, the charity received a complaint in August 2024. This was following a Local Aulhorrty decision lo abolish funding thal allowed services lo employ 3 1=1 support worker, ensuring Ihey could be more Irrluslve for children wilh complex additional support needs. Al Ihal point Squids had a child who received 1..1 care in allendance,. howgver, As the seNlce Is predominantly registered a5 a 1..10 service. and with this funding no longer available, this meant we weie unable lo pay a support worker solely to piovide this level of care lo one child. There was a150 no consideration lo reinslale the funding al that point, and so lo protect the financial viBbilily of the charity and lo provide fair access lo the many families on thè wailing list, Ihe child's placement had lo be reallocated lo another child. Following protest fiom the par6nlslcarers affected by the decision the funding was reinslaled, and the service was able lo partially offer the child's pl8cemenl back. However. this was not to the satisfaction of Ihe child's parent who then filed Ihe complaint. The complaints officer who visited the service agreed Ihal the silualion had been out with Squicls Managers control and that the correct procedures had been followed. however, unlorlunalely the complaint was upheld due lo lack of precise wording in the Admissions Policy. That policy has since been upd81ed and approved by thg Care Inspt0[al. The Charily's long-term aim is lo continue lo receive positive feedback frotn ils setvtce u5er8 and the Care In5pecloiate. Public b8nefit The trusteès have paid due reg8rd lo guidanGe issued by the Charlly Commission in d@clding what activilies the harily should undertake. AclNilios The charity provides after school and school holiday c8re wlh the provision of planned activities and outings for Ihe children.
SQUIDS AFTER SCHOOL CLUB TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢hlev•ment$ and performanc Squlds was OrlallY found In 2005 and started OErt as ong attor school club ¢alering tts thè ehllde810 ne8(Ss of parenlslcar8rs whD$e thildren allended all ol Ihe s¢hDols wilhin South Queensferry. H¢)wever. In response to thg rising population as a result ol the surge In housing d8vèlopmonl$, Squids expanded *t5 s&1¢¢$ In 2017 to bett9r meet Ihe evolving needs ol Ihg communlty by oflering an artèr-school dub service exdv5ively lo parentslc8rets whose children attènde(S Echllne Primary. This oxpansion allowed Squlds to In¢rea8e ils regi818red capacity lor aflbt school care frorn 50 to 80 children per day. Squids 8180 opened its first bakfast db serwe8 gl Echllne Prlmary In 2023. enabling an oflering 0130 breakfast dub placements day. Monday lo Friday, th8rslor8 ènabling chlld¢are provlslon to a larggr proportion ol Ihtr communlty. Squid5 havv consislenlly rec8lv8d 8xlr8n79ly po$llivè feedback from tho parent,carerS and Ihe chlldren who usè Ihg s6C6. Squids altsts ¢onUnue$ to work with an eVerrOng wailing list IAonday tD Thursday, exhibiling 8n increasing damBnd from parenlslcarers within the arèa. Squld$ continue to offer a $orvice al a financlally afforiJaNe ral& lo b8 abl8 to supportworklng lamilies wilhln the community. All Incom8 geneiaied l)oth from fees and Charitable events is fed stralght back Into the servic8 tt) provide resources and equipment for Iho chlldren's aclNi1Ig$ and outings. Slnce first belng founded, Squids h8s algo èxpandod its seryicgs lo provtda thic8r0 Ihroughout the 8¢hool hollday peri(xl$. Squlds holiday Clubs hav8 OP8rat8d suceeSslul lor sev8ral yg8rs now. Flnan¢l?I revlew Thè trustees are salisfied with Ihe finanaal performanc8 of Ihe chaiity durfng the year. Tolal IncoTnin9 iesources have increased by 19¥,, 8nd outgoing resources have Increas8d by 13Yts, rasullino in a d8r11 for Ihe yearof £6,952 8nd a decrease In total charity fund$ ¢8thed forward of 35%. Funds bmught forward al 181 JBny8ry 2024 were É19.891, cartied forward 8r8 £12,939 Res&Nespollcy The unr8slricled fund rapresents income eamed but not yet ulrfised in 8vpporting Cha1ble aclivi1188. Al 31st Decembgr 2024, charity held £12.753 in cash and bank bal8ncg8 and the Tru$laè$ consider Ihls to b appropAale to allow thom to meet the obleds of th8 charity. Prfndp81 fundirkg sorJrcè$ Funding Is through paTen18 monlhty Invoiong. Ihe dub al80 OP8r8188 chari(y fundr8181ng a E8w rnes 8 y68r wtth diffèrent èvènls bolng held which ntribUt&S to naw toys et¢. b&lng bought for the chlldren. M8iorrlsks The Irusle8$ have assèssed th8 major risks to which thp charity Is exwjsed, and 8rg satisfled Ihat sy8¢ems 8r8 in plac4 to mlllgalo 8XPOSUlO to Uig maloT rfsks.
SQUIDS AFTER SCHOOL CLUB TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal Impa¢t Squids after school care 88rvic8 conlinutss lo operate al full capacity every day wilh lh• exceplion of 3 Friday. Fridays h8ve remalned at a ltswer registered capaclty FX)sl covid, havi1 a slightly negative effect Squids monthly Incom8. Friday allendance will continu& lo bè nNitored in thè hope that registered allendance on this day pick8 UP again in th8 future. With another significant increase lo nalional minimtim wagè taking place at the Start of the new financial year In April 2024, the charity had no oplioii bul to apply 2 higher than usual fee increase, slarting from August 2D24. The agreed fea Increases still however allowed Squids services lo roinain affordBble to parents and continues lo be a much mole wsl-gffeclive option than other childcare providers wilhin Ihe surrounding areas. 11 has be noted that Ihe service may have been iunning al a loss for around flv8 months of the year. Thls was dug lo significant staff wage increases in April, wlh no incfea8e to lees unlll August. July is also inLluded wllhln Ihls five- month period where the wage expendilvre remaln8 the sam& with no regular fees coming Fn and a more reduced income being generated from holiday club feés. Th13 wtll now bè monitored and reviewed annu811y. Between January and Decembèr 2024, Squlds operated an Easter and summer hollday ¢lub,' whllsl operations femained ck)serl during the mldterm breaks due lo Insufficienl interest for those hollday periods- Ihis is a decision that will continue to be reviewed. The Easter and summer holiday clubs did see an Increased demend for placements, however income 9eneraled was still less than pre ¢ovid figures which comfortably mel the wage8 01 staff wilh holiday clubs inbuilt into thgif contract. Squid5 Management will continue to tnonilor the interest in htsliday dubs lo ascertain if the costs for running this addilionpl Service Can be 8usl8ined. SquSds breakfast club continues lo prosper, having re8ched full capacty most days now. The income generated from this service has now covered the costs of ils initi21 outlay as well as allowing $tsff wages 8ThJ rgsourtÈs to be paid wlh ease. Squlds Management Committee continued 10 8upporl Squids Managemenl in decision making and administrativ• input. The Man8gement Committee from Ihe Rosebery Hall who are respon8lblè lor ov8rseelng Ihe Council premises in whlch Squids operates from, kind kept monlhly rent payments al the same cost as the previous year. R8ntal charges for thè u8& of the premises during school holiday peTiods were also kept lo a mlnimum, whilst ho14day club allendan¢e remained lower than was hoped. In-house fundraising did not lake pl8ea In 2024 due lo the rise in Ihe cosl-of-llvlng. No other exle¥nal fundi8ising activillès look place. Structure, govbinance and management Squids has been a reglsleied charity since 1994 and is adminislered in acGord¥nGe with ils wrrtlen Conslilulion. d81ed 30th April 2000. were.. Recruitment 8ppoliilment of Iwstees The commttee hold Meet98 every quart$r and encourage recrullmenl of ?ny inlerèsled partles on lo the commill88, wa 81s0 hold an annual AGM aiound APTII lim8. if there is 8 vacancy al this Ilme we ask the parents if they are inleresled in filling the vacancy, Ev¢ry meeting helé Is mlnuted. Ooaiiisalioipal.slr(JcliJ The clth) acllvllies are supervised on a day lo day b8sis by IliÈ Manager. Ms Dlane Gorman.
SQUIDS AFTER SCHOOL CLUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2024 Induclton 8f]d Iraining of t$18*8 When B new trustee Is Appolnte¢J they are given a Squlds p8¢k that Includes.. oponlng how8. pollcl88 81 InrJud8s lh8 Car8 Cornmlssion r&px)rt, Ih8re are 8Lso previous minu18s for Bll committee meetSngs Included in the 8nd ovetvi8w oflhe sèNlce provlded. The tru8t88g f8POrtwas Bppmved by Ihe Board ofTruslees. 11 S8pl8fflbei 2025
SQUIDS AFTER SCHOOL CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SQUIDS AFTER SCHOOL CLUB I IèPOTi on Ih&17n8nd81 $18temants of the charity for Ihe year 8nded 31 Docember 2024. whlth arè get out on pagés 6tol5. Ro8po¢¢lv• r85ponslbllltlos of trustees and o%am5nor The charitys Iruslees aro spOnSIble foi Ihe prspar21ion of thè fin8r*lal statements In aOrdance wilh IhB letm$ ol the Charitlg5 and Tiuslee Investmenl ISu)Ilandl Act 200J and the ChArEtles Acc4unl$ Is¢xJ118tl Reoulsllons 2006. The chBrily trustees o)nslder that the au(Jlt requlremenl ol R8gu181ion 1011llal.lcl of the Charilles Accounls Iscgllandl Regulatlons 2006 does not appty. 11 is my r&sponslbllity lo examine the financlal statements 88 r8quired undei section 4411llcl of the Charil10s and Twstee Inve5tfflent ISct)tlandlAcl 2005 and lo Bla18 wh&ther particular rnatters have o)me to my aU8nlk)n. B8818 of ind8pgnd•nt examlnorfs statem8nt My eMamlnAlion Is ¢arrt8d out In aL)r(jan¢6 wlh Regulation 1101 the 2006 A¢¢ounts RegUlan$. An examination Includes a rev18w of th8 accounling re¢ords kept by the charity and a comparison ol the financial $t8lements presented wilh Ihos8 records. 11 also Indudes consld8181ton ol arsy unusual il8ffls or ijisclosures In the financial 8tslements. and seeks 8xplan811ons froin Ilie Irust88s concernlng any such rnaliers. The procgJure5 undert8k8Tr do not provide all Ihg evid8nce that would bg Teouired in an audit and nSeqU9ntlY I da noi èxpress an audll oplnlon on th8 wew given by Iho financ181 statements. Indondnt èxamlner's Btat8m•nt In lh8 cour88 01 wny examlnatlon, no mailgr ha5 coma to my aliention 1. whlch glves mg rea8on8blo cause lo belleve Ihal In any matertal resp8el lh8 requiremenls.. lo keep accounting records In ac¢ordanB8 wlh Section 44111181 of thé Charities and Tru8tee Inv8gtm8nt IScotlandlA¢l 2005 and Regulat 4 of th8 CharillesAccounts Iswllandl Re9ul8tions 2D06, and lo prépare fiiiancE81 slatemenls whlch accord wilh the accounling record8 and (x)mply with Regulation 8 of Ihe Charftles Accounts (Scoilandl Regul81ion8 2006 ha¥e not be8n met, or 2. to whlch. In my opinlon, #ttonuon should b9 drawn In ord6f to enatle a proper undarslandlng ol Ihe fin8ndal staternents to be feached.
SQUIDS AFTER SCHOOL CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•strl¢tod Unr•$trlcled funds funds 2024 2023 Notes Incom& Irom: Charitable aclivilies Oiher trading acllvllles Investmenis 227.781 191.879 56 Total Incomg 227,843 191,943 Expendltur¢ on: Charfiable acllvSlle5 234,79S 207,979 Totsl •xp•ndltur• 234,795 207.979 Net gxpondlture and movement In furtds 16,9521 116,0361 R•conclllatlon of funds: Fund ba18nces al 1 JanuBry 2024 19.891 35.927 Fund b3lan¢•$ Ot 31 Dècember 2024 12.939 19,891 Th8 statement of finsnual acllvitles Indud8s all gains 8nd losses recognised In the ygar. All Incom6 8nd expendlbjre deiiva from conlinulng a¢Uvi*Tes.
SQUIDS AFTER SCHOOL CLUB BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Nol Flxed ass8ts Tanglblg assets 11 3.794 5,481 Current 885ets Debiors Cash al bank and in hand 12 417 12.753 417 18,651 13,170 19,068 Credltors.. amoun¢s falllng due wlthln ono yar 13 14.0251 14,6581 Not current a188t• 9.145 14,410 Totsl as8of6 loss currgnt Ilabllltlos 12,939 19,891 N•t a$se¢s 12,939 19.B91 The funds of Ihe charity UnTe51rfcled fund5 12.939 19,891 12,939 19,891 Thv finAr.lal 8llpmgnl were roved by th8 InJ8leea on 11 Sèptember 2025
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢lgs Charlty Informatlon SquklsAfteT Sthool Club Is an unific0rporal assocl8110n. 1.1 Ac¢ountlng convtntlon The finandal $lalem8018 hav8 been prepared In tC(x>rdgQ th Ihe charltys gov8ming dotsjment. the Ch8ritles and Trusl8e Inveslm8nt (Scollandl Act 2005, Ihe Charilles A¢¢ounts Iseollandl R8gulatlons 2006 {8s amended) and 'Accounting and Rqportln9 by Charities: Statement ol Recomm8nded Praclicè 8pplicoble to charilios pr8paAng Ihsir accounts 111 aceordants wth the Flnanclal Reporting Standard applic8ble in Ihe UK arKI Republic of Ireland IFRS 102118ffactN8 1 January 20191.. The charity 16 a Public Benefrl Entity as defined by FRS 102. Thè chahty hes taken advantsg8 of thg provlslons In the SORP lor charillgs appIng FRS 102 Upd81e Bullèun 1 not to prepare a Stalemenl of Ca8h Flows. The financi81 slalembnis alè prepared In sleillng, which is the fvndional ¢urrèncy ol the charity. Monelary amounts In these financlal stalemenls are rounded lo the Tr8aresl £. The financlal s¢atement8 have b(49n prap8r8d undar th6 hlslodcal cost convenUoTr. The prfn¢lpal accounting potlcies adopted are sel out below. 1,2 Goln9 concèrn Al Ihe lime ol appfoving the firanrAal slat8lT18nt8. th8 tntst88s have a reasonable expe¢lalion that the obarity has adequat& resources lo wnlinue In operational èxistence lor the foreseeable future. Thus the Irusle ¢onDnuo 10 adopt lh8 going concern ba515 01 accountin9 in preparing the financlal slatem8nts. 1.3 Charltablè fund8 Unrestricied funds ara 8V8iIAbl& for use at the dlscF8tion of the InJ8188s IEk lurtherance ot their chori181)le objectives. Rèslricled funds are sublecl to SP8Thfic condilK)ns by donors or grantors as lo how they moy b8 US8d. Thg purposes and uses ol lh8 cesldcled funds are 881 out in the notes to thB financial slalerTrents. ErOwmenI frJnd$ 8r¢ $ubleti to speclffc condlllons by donors that h8 Capital musl bè m8Snl8lned by the charfly. 1.4 Ioe Inwme is recogn1sed when ihe ch8rity is legplly enlilled to it aftei any pgrforman¢8 condi1nS hav8 been m8t, the amounts can be mgasur8d r81t8bly. 8nd il is probabl6 that Incomè wll be received. Cash donallons are Tecognlsed on ¥e¢elpt. other donations 8 recognlsed once Ihe charily has b9911 Ilotified of the donation, unless performance ¢ondibon5 require delemal ol the amount. Income t8x r8COV8r8bl8 In ralallon lo donalh)ns received under GiftAid or deeds ot coven&nt Is recogn(sed al the lim8 of th8 donation. L8ga¢ies aro recogni5ed on recelpl or tslh?Nls& If th& charily h88 bè6n ntstifled of an Impendlng dislribulron, Iho amounl 19 known. and recelpt Is expected. 11 the amount iy nol known, Iha lega Is Ireated as a conQ'tW8nt 8sset. Tvmover Is m889ured al tho f8ir value of Ihg conslderallon received or receivablo and r8pr¢senls amounls celvable lor sery19 provided in the nortna1 COUTSg ol buslness.
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclès {Contlnued) 1.5 Expendlture Expenditufè is recoonlsed once there 18 8 legal OT conslruclive obllgalion to tr8nsf8r aconomlc benefit to a third party, it Is probable that a transfer of e¢onoml¢ benefits 11 be requlred in s81t48ment, and the amounl of the obligati(xt can bB rneasured rellably. Expendiiure is classified by aclivily. The cost8 01 ea¢h activity are made up ol Ihe total ol direol costs and shad costs, induding support costs Invofved in undertaking each acliwly. Dlrecl cosls 8t1ribula0 to a slngle activity are 8llwaled dirècily lo th81 acliv51y. Shafed costs which conlrlbule lo mor8 than on8 Ècuvity and support costs whlch are not a{tbUtab1Q lo a slngla activity are apportloned beNveen th08e aclNilies on a bas1$ consistenl wSih the of r650urces. Cenlral slaff costs 8r8 allocated on the ba8is of lime spent, and depreclallon ch8rg88 8r• 8llo¢èled on the portion of the 8ssel's uso. ExpendSlure Include3 irr8CQV8rable VAT. 1.6 Tanglble fixed assets Any equipment acquired Is exp8nsed In lull in the yearof acqulsllion. DepatIon Is fec4)gnlsed so 8S to write off the clisl or v8lvallon of 8sseis less ltteli residual v8lues over Iheir Useful lives on the followlng bases: Equlpmenl 4 y88rs gtr8wJht Ilne The galn OT loss arfsing thè disposal of an asset is detemiined as the difference beKvÈen th8 salb proceed6 and tha earrylng valu& ol the asset, 1$ recognlsed in th8 Statement ol fir*anclal aotivit58S. 1.7 Impalrrngnt of flxed assets At each r&porUng end rf8. the charily reviews the carrying 8mounis ol 118 tangiblg as$e15 to deieimlne whelh£r there 1$ any indir2tion Ihèl those assets h8v6 Suffered an Impalrment loss. Ir any such Indication èxisls, the recoverablg amount of thè asset Is estimated ill order to dolemilrÈe the extènt of th8 Impalrment loss Ilf onyl. 1.8 Cash and cash •qulvalent6 Cash 8nd cash equiva18nls iD¢lLtde cash In hand. deposls hèld at c811 wth benk8, Oth91 short-teim Ilquld investments Mlh orlglnal maltJritl8s ol thre& months or le83. and bank overdrafts. Bank ovgrdrèfts are shown within bOrrOng$ In current Ilabililiès. 1.9 FSnan¢lal Instruments The Chaiily hos elected to apply Ihe provislon$ ol Seetlon 11 'Basl¢ Fln8nc181 Inslwmenis. and Section 12 'Other Flnano31 Instrurnent5 Issugs. of FRS 102 to xll ol its ffinandal instruments. Financial Instruments 8r8 recognlsed in the charitls balanc8 theel when the ¢harity becomes pgrty to thè coni(a¢lual provlsions of thtr instfum8nl. Flnanclal assets 8nd liabllitres are offset, with th8 net 8mounls presenied In the financl21 stalemenls. when the Is a18gally enfonx8ble right to sel off the recogrlised amounts Ih8T8 is an InlentKJn Io s8ttl8 on a net basls or lo realise the ass81 and setue the liabllily $ltnullBneously. Baslc fin8ncl81 #ssets Basie fin8nclal asseis, whi¢h include debtors and cash 8nd bank balances. aro inltialty measured 8t transaclion price Induding Iransactson costs and are subseqvenlty cairied at amortisod ¢08t usln9 Ih? effecllve Interest fflelhod unless th8 arrangement conslilu188 8 fingncing transa¢Uon, where the transaclion 58 rn8isured at Ihe present vglue of th6 futu 1Pt$ discounted kl 8 markel rale ol Inleresl. Flnanclal asset8 das8ifi8d 8s reeeivable wtthin one year are not amortised.
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnuedl Ba8lc flnancial Ilabllltlvs 8aslo financial liabilili85. Incfudlng cr8ditOTS and bank loans erè init1811y rèeognlsed al transacllon price un1855 the ttrrangemenl conslitules 8 fiTr8nctng tsensactlon, where the debt instrument Is measu al Ihg pre8ent value of Ihe future payrnents discount8d 81 è market rale of Interest. Financtsl liabilities el8sslfied as payablg within one year are nol amortlsed. 08bl iTrslwments are subsequenlty rarri8d al arnortised cost, uslng th8 effeclv8 Inlerast rate method. Trade creditots aro obligalh)ns to pay for goods or sèrvr2s Ihal have been 8cquired in Ihè ordlnary course of oper8lions from suppliers. Amounts pgy8b18 ar8 cl8ssified as Curfenl ligbilities if payment 15 due wiihln one y8ar or lèss. 11 not, they are presenl8d gs non-cutrenl Ilabilllle$. Trade creditor8 Org recognised initlalty al transaclK)n pricè and subsequenlly measured al amortised cost uslng the eff8clivè inler8st melhod. Dorg¢ognltlon of Iln8n¢lal Ilabllllles Flnan¢lal IlablllU88 aro dgrècognlsed when Ihe ¢harfly'$ contr8CtU81 obllgalions explre or are disth8rged or cancelled. 1.10 Employee beneflts Th8 Cgst of any Lnused hollday gnliUeMOnt Is 18cognlsed ln the pprlod In which tha omployee's seNices a ¢C8ived. Temiinalion bènèfits ale recognised immediately &$ an expense when the Charity 18 d•monslrably commTtted lo t8milnate th8 employment of an eM0ye or to provid? temilnauon ben8fits. 1.11 Retlromgnl ben8flts Payments to defined contribution fvtirement benefit schem98 are (b&rged 89 an expense as Ih8y f811 du&. Crltlcal accountlng estlmat8s andjudgemonts In the appllcalion of Ihb ch8riWs accounting policles. the Iru8tèès are rewlred lo makejudgement5, e51Fmales and assumplions Eboul th8 eorrying amount ol a5S8t6 8nd liabilities that are nol readily app8T8nt from olh£r source5. The esllmales and a580C18tad assumplions arg based on historical experfjence and olh&r faclors that a consldergd lo b9 rel8v8nt. Aclu81 rèsults may differfrom th9se esiltnaies. Thè $sllmat8s and vr¢derfying assurnptions revlewed on an ongolng basls. Revision8 lo aKounting esttnal¢$ a re¢ognlsed In the period in which the estimalo Is revised whBre the revlsion 8ff8Ct$ only that p8riod. or in the PEriod of th8 r8vislon 8nd lulure periods where th9 revision affects l)olh current and futur6 peri¢)ds. Ineom• from ¢harltablg a¢flvlt48$ Unr6strl¢ted Unrg9¢rf¢18d funds fund$ 2024 2023 So10$ Sales ol services by beneficlaries othor Inm6 224,544 3,237 190.920 959 227.781 191,879 10-
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from o¢h•r tradlng a¢tlvltles Unrostrlctsd Unrestrlcled funds funds 2024 2023 Fundraislng ev&nls Ineomo from Investments Unrestflcled Urtfèstrlctsd funds funds 2024 2023 Intere8t receivable 56 64 Expendlture on ¢herltable actlvltles 2024 2023 Dlréet ¢osts Staff co818 Depreciatlon end Impalmi8nl Snacks 8nd activity c08t¥ 197.620 2,909 8.490 169,596 3.193 8,089 209.019 180,888 Sharo of 8UPPQrt and 90¥ornanc• costs (see notè 71 Support Governanca 24,876 900 26.241 870 234,795 207.979 Analysls by fun Unresiiicl8d funds 234.795 207,979
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢ost8 Support Governan¢• costs 2024 Supporl Governaneè costs C08tB 2023 Olher $laff cost8 8nd 3.933 9.700 500 3.933 9.700 500 1.897 8.754 488 1,897 8.754 488 Rant Insvrdneè SubscriplSons & disclosures Equiprnent repairs 8nd renew8ls Telecommuntalions Sundry officè oxpenses 182 182 165 165 6,927 1.935 1.699 6.W27 1.935 1.699 9,333 2.952 2.852 9,333 2.952 2,852 Indep8nd8nl Ex8mlne¢s 900 870 870 24.876 900 25,776 26.241 870 27.111 Analysed befvleen Charitablg adlvloos 24,878 900 25,778 26.241 870 27.111 Net movem¢nt In funds 2024 2023 The nol movement In funds Is $laled aft8T ch8*ufngll¢redillng1-. F88s p8yabl6 lor the independent pyamination ol the chadtys financiel $18lernènls Depreclalton of own8d tangible fixed assets 870 3,193 2,909 Trustèès None of tho trustees lor any p9r8on$ conneeled wllh them) received any r8munerallon or bgnefits frotn the ¢hority tjuring the year. 10 Employtg Th& aveiagè monthly number of employ8ès during Ihe ye8r w88.. 2024 Number 2023 Number 16 14 12-
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employ••s {Contlnuedl Employmgnt COSts 2024 2023 Wages and 8818ries Soc181 seeurty costs Oth8r pensian costs 190.300 5.047 2.273 162,935 4,471 2,180 197.820 169.588 There were no ornployefj5 whos8 8llF)U81 mmunorallon was more than £60.0). 11 Tanglble flxed o8$&1$ EqulpmBnt Coit At 1 January 2024 AddltK)ns 14.372 1,222 At 31 December 2024 15,594 DoPYt¢latlon and Impalrment At 1 Janu2ry 2024 OepreclaOn charg8d In th8 ytar 8.891 2,909 At 31 December2024 11,800 Carrylng amount Al 31 December 2024 3.794 At 31 December 2023 5.481 12 Dèbtors 2024 2023 Amounts f&lllng due wlthln on8 y83r- Prepayments and 8ccMed Incom8 417 417 13 Credltora: amounts falllng dug wllhln on• y•ar 2024 2023 Olh&r laxatlon and social 88curity Olh8r creditors Actruals and deferred incnm& 3.155 3.035 763 840 870 4,025 4.658 13-
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Rellrement bèneflt schèmes 2024 2023 D8lln8d contrlbvtlon schem8B Ch8rgo lo proffl or10ss In respacl ol dgfined conlribullon schemes 2.273 2,180 The charlly operalas a d9fined conlribulion pgnslon s¢heffl¢ for all quallfylng gmploy@es. The assets of ih& scheme arg held $eparateSy from those of the chartty In an Independenlly admlnlsleied fund. 15 Unr85trlcted lunds The unréslrlcted funds ol Ihè eh8rily compri$6 Ihè unèxp6nd6d b8lances of donalons and grants whlch are not subject lo speelfie conditfons by donors 8nd grantors as io how th6y may bè used. Theso Indud6 d&slgnaled lunds which have been sel aside out of unre51ricted lunds by Ihe tNslegs for spBcific purpD58S. At l January 2024 Incomlng Rosourcas r•soufC•S axp¢nd•d At31 Dèc•mb•r 2024 General fund$ 19,891 227.843 1234.7951 12.939 Prevlous yoar: At l January 2023 Incomlng Rèsou¥¢•$ resourcès expended At31 Dècember 2023 Gen9r81 fund8 35.927 191,943 1207,9791 19,891 16 Analy818 of not as8ots bg¢ween funds Unrestrlcted funds 2024 At 31 December 2024: Tangiblo as8el8 Current assetsllllabilNles 3,794 9.145 12.939 14
SQUIDS AFTER SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Anoly$l¥ of n8t abS•t$ between funds (Conllnuedl Unr?8trlcted funds 2023 At 31 December 2023: Tangible as8el$ Current assetsllliabllllSesl 5,481 14,410 19.891 Tho funds ol the chartty are all unreslricted thè Iruslees aro tree to gxpend Ihom as Ihey see fil In lurth8r£nce ol the charfvs otsjeclivgs. 17 Related party Iron$actlon$ There were no disdosablg rglaled party trans8ctM)ns during the year12023. non&l. 15-
SQUIDS AFTER SCHOOL CLUB MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Thè followlng pag•s do not form part of Ihg Btstutory flnanelal statèments whlch arg tho 8ubS&tt of thè Independent èKamln•r's raport.
SQUIDS AFTER SCHOOL CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOMING RESOURCES Incom8 from Charltable ActFvltle8 Fees feceived UF Ch8ril&ble illcomè 1- other 224.544 3.237 190,920 959 227,781 191,879 other Incomlng Resources Fundralslng Income Other inlere81 receivob18 S6 62 TOTAL INCOMING RESOURCES 227,843 191.943 OUTGOING RESOURCES Charl¢ablg Expgndltur• Wages and $8lartes Sodal security costs Stall p&nsion eosls dèfined eonlributlon DepreCIaOn Sn8cks. toys and aetiwly costs Share of support $ts Sh8rè of govèmancè e051s 190,300 5,047 2,273 2,909 8,490 24.876 900 162,935 4,471 2,180 3.193 8,089 26,241 870 234.795 207,979 TOTAL OUTGOING RESOURCE8 234,795 207,979 NET MOVEMENT IN FUNDS 16,9521 116.0361 17-