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 ￿li￿lIeS
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 Insp￿t0[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 Or￿l￿allY 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 b￿akfast d￿b 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$llivè feedback from tho parent,￿carerS and Ihe chlldren who usè
Ihg s6￿C6. Squids altsts ¢onUnue$ to work with an eVer￿rO￿ng 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 thi￿c8r0 Ihroughout the 8¢hool
hollday peri(xl$. Squlds holiday Clubs hav8 OP8rat8d suceeSslul￿ lor sev8ral yg8rs now.
Flnan¢l?I revlew
Thè trustees are salisfied with Ihe finanaal performanc8 of Ihe chaiity durfng the year. Tolal IncoTnin9 iesources
have increased by 19¥,, 8nd outgoing resources have Increas8d by 13Yts, rasullino in a d8r1￿1 for Ihe yearof £6,952
8nd a decrease In total charity fund$ ¢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 Cha￿1￿ble 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 n￿Nitored 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 $tsff wages 8ThJ rgsourtÈs to be
paid wlh ease.
Squlds Management Committee continued 10 8upporl Squids Managemenl in decision making and administrativ•
input.
The Man8gement Committee from Ihe Rosebery Hall who are respon8lblè lor ov8rseelng Ihe Council premises in
whlch Squids operates from, kind￿ kept monlhly rent payments al the same cost as the previous year. R8ntal
charges for thè u8& of the premises during school holiday peTiods were also kept lo a mlnimum, whilst ho14day club
allendan¢e remained lower than was hoped.
In-house fundraising did not lake pl8ea In 2024 due lo the rise in Ihe cosl-of-llvlng. No other exle¥nal fundi8ising
activillès look place.
Structure, govbinance and management
Squids has been a reglsleied charity since 1994 and is adminislered in acGord¥nGe with ils wrrtlen Conslilulion.
d81ed 30th April 2000.
were..
Recruitment 8ppoliilment of Iwstees
The comm￿ttee hold Meet￿98 every quart$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 $18temants of the charity for Ihe year 8nded 31 Docember 2024. whlth arè get out on pagés
6tol5.
Ro8po¢¢lv• r85ponslbllltlos of trustees and o%am5nor
The charitys Iruslees aro ￿spOnSIble foi Ihe prspar21ion of thè fin8r*lal statements In a￿Ordance wilh IhB letm$ ol
the Charitlg5 and Tiuslee Investmenl ISu)Ilandl Act 200J and the ChArEtles Acc4unl$ Is¢xJ118t￿l 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 a￿L)r(jan¢6 wlh Regulation 1101 the 2006 A¢¢ounts RegUla￿n$. 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.
Indo￿nd￿nt 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 y*ar
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 finA*r.lal 8l*lpmgnl* 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 $lalem8018 hav8 been prepared In tC(x>rdg￿Q ￿th Ihe charltys gov8ming dotsjment. the
Ch8ritles and Trusl8e Inveslm8nt (Scollandl Act 2005, Ihe Charilles A¢¢ounts Iseollandl R8gulatlons 2006
{8s amended) and 'Accounting and Rqportln9 by Charities: Statement ol Recomm8nded Praclicè 8pplicoble
to charilios pr8paAng Ihsir accounts 111 aceordants wth the Flnanclal Reporting Standard applic8ble in Ihe UK
arKI Republic of Ireland IFRS 102118ffactN8 1 January 20191.. The charity 16 a Public Benefrl Entity as defined
by FRS 102.
Thè chahty hes taken advantsg8 of thg provlslons In the SORP lor charillgs appI￿ng FRS 102 Upd81e Bullèun
1 not to prepare a Stalemenl of Ca8h Flows.
The financi81 slalembnis alè prepared In sleillng, which is the fvndional ¢urrèncy ol the charity. Monelary
amounts In these financlal stalemenls are rounded lo the Tr8aresl £.
The financlal s¢atement8 have b(49n prap8r8d undar th6 hlslodcal cost convenUoTr. The prfn¢lpal accounting
potlcies adopted are sel out below.
1,2 Goln9 concèrn
Al Ihe lime ol appfoving the fir*anrAal slat8lT18nt8. th8 tntst88s have a reasonable expe¢lalion that the obarity
has adequat& resources lo wnlinue In operational èxistence lor the foreseeable future. Thus the Irusle
¢onDnuo 10 adopt lh8 going concern ba515 01 accountin9 in preparing the financlal slatem8nts.
1.3 Charltablè fund8
Unrestricied funds ara 8V8iIAbl& for use at the dlscF8tion of the InJ8188s IEk lurtherance ot their chori181)le
objectives.
Rèslricled funds are sublecl to SP8Thfic condilK)ns by donors or grantors as lo how they moy b8 US8d. Thg
purposes and uses ol lh8 cesldcled funds are 881 out in the notes to thB financial slalerTrents.
Er￿OwmenI frJnd$ 8r¢ $ubleti to speclffc condlllons by donors that *h8 Capital musl bè m8Snl8lned by the
charfly.
1.4 I￿o￿e
Inwme is recogn1sed when ihe ch8rity is legplly enlilled to it aftei any pgrforman¢8 condi1￿nS 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 sery1￿9 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
sha￿d costs, induding support costs Invofved in undertaking each acliwly. Dlrecl cosls 8t1ribula￿0 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{t￿bUtab1Q 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.
Dep￿￿atIon 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 bOrrO￿ng$ 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 L*nused 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 eM￿0y￿e 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 In￿m6
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
Oeprecla￿On 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 $8lartes
Sodal security costs
Stall p&nsion eosls dèfined eonlributlon
DepreCIa￿On
Sn8cks. toys and aetiwly costs
Share of support ￿$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-