Charity re￿stratiOn number: SC023360
Muirton Community Nursery
Annual Rep)rt and Financial Statements
for Year Ended 31 March 2025
Mo￿lS & Youn& Statutory Auditsir
Chartered Accounwits
6 Atholl Crescent
PERTH
PHI 5JN

Muirton Community Nursery
Contents (continued)
Reference and Administraiive Details
Management Committee's Report
2to8
Sialement of Management Committee's Responsibilities
Independent Auditors, Report
Ioto 13
Statement of Financial Activities
14
Balanee Sheet
15
Notes to the Financial Statements
161029

Muirton Community Nursery
Reference and Administrative Details
Management Commit¢ee
Senior M*n*gemtDt Team
Cbarity Registratlon Number
SC023360
Prlnclpal Offlee
Gowans Terrace
PERTH
PHI SAX
Auditor
Morris & Young. Statutory Auditor
Chartered Accountants
6 Atholl Crescent
PERTH
PHI 5JN
Sollcllo
Elliot & Company WS
8 Charlotte Street
PERTH
PHI 5LL
Page I

Muirton Comrnunity Nursery
Management Committee's Report
The Management Committee presents the annual report together With the financial siatemenls of the cbarity for
th¢ year ended 31 March 2025.
The financial staiem¢nts have been prepared in acLordance with the accouniing policies sel out in noie I lo the
finanLial statn)cii(s and Lornply wilh applicable law and ihe Siaiemeni of Recommended Pra¢tic¢ "Accounting
ond Rcportins by Chariti¢3" applicablc to Charilies prcparing ih¢ir a¢counis in aLLordani¢ with Ih¢ Financial
Reportinbi Siandard appli¢abl¢ in th¢ UK and Rcpubli¢ of Ireland (FRS 102) (¢ff¢cliYe l January 2019).
Structure, governAnee And mgnagemenl
Orz4nisadonal.ftruelure
Th¢ Nutscry li ¢in ullinLvrpvriiL#d Lhdriiy. number SC023360. fonned ai a Public Meering on 3 May
1994. The ehariiy is run by a Mana8ement Committcc ¢lected at th¢ AiiI)ual G¢ii¢ral M¢etiii¥ wlio ni¢¢i
r¢8ul8rly. generally monthly. The Projccl Manogcr and MJnJg¢mcnt Assistant al$0 attcnd ih¢sC tncctinss. Th¢
Management Commiltee is lar8ely made up of parents of children who atlend the nursery.
The Managemeni Conunittee who served during the year. was &8 follows..
MAnAgement Committee
athre ojgoverning documenl
The charity 1$ govemed by its Constilution and Rules.
Reernithenl qnd appoinlmeM¢ ofmanagement Committee
All parents are invited lo pui themselves forward for election at the Annual General Meeting.
Page 2

Muirton Community Nursery
Management Committee's Report (continued)
Induction and training ofmanagement Committee
Prior to the first Management Committee meeting after the Annual General Meeting the Manager meets with
any new meTnbers and ourlines the history of the project and explains the current situation. She also explains the
roles and responsibilities of committee members and office bearers. Office bearers are then elected al the first
meeting and are given a written job description. At ea¢h committee meeting the Manager gives an update on
project activities and the Management Assistsnt gives a financial report. Any decisions that have to b¢ made
regarding policy or any aspe¢t of project services are tsk¢n by general consensus.
Major risks andman4gemen( ofihose risks
The rnajor risk is that the business becomes unsustainable due to a considerable fall in the number of children
attending and not being able to r¢cruil new children. A further risk is losing staff to the local authority who are
able to provide more favourable tern￿ and conditions.
The management of thts includes..
Paying staff the Scottish Living Wage. We believe this will help us lo retain staff th¢reby ensuring a stsble staff
team which is benefi¢ial lo the children.
Actively promoting the nursery.
R¢lying on word of mouth- parents telling people about us and recOM￿erldlns us lo people who are looktng for
a nursery place for their child.
Relying on our flexibility as no other setting in the area provides flexible care.
Objectives and activities
Objects and #ims
The charity's objects are set up in its Constitution and Rules being to relieve poverty, advance education arEd
promote the welfare of families by providing full and part-time early learning and childcare. Priority has to be
given to residents of the North Perth area.
Page 3

Muirton Community Nursery
Management Committee's Report (continued)
Objectives, str4tegies and activitie5
In furtherance thereof the nursery's objectives are..
A comprehensive range of policies are adopted in furtherance of thex objects including an Athnissions Poli¢y
which details project aims. criteria for admission, registration, allocation of pla¢es, staff/child ratio and priority
places. All policies are reviewed regularly.
Activities during the year are summarised below..
Staffing conlittued to be stable. W¢ continued lo implement the staff incentive scheme and again staff sickness
was manageable.
We reviewed all policies and procedures and these w¢r¢ amended as required following advice from Perth &
KiDross Council. Copies of all policies were read by all staff and copies w¢r¢ available to parents.
We introduced the following new poli¢kes'.
Children's Health and Wellbeing Poliey
Staff Mental Health and W¢llbeing Policy Food Allergy Policy
Use of Mobile Device5
Our Early Years Family L¢arning Pra¢tilion¢r ¢ontinu¢d to work alongside us. She worked with some of our
parents throughout the year. She also led very successful Book Bug sessions with an increasing number of
parents joining these with their child. and a 6 week session on Play on Pedals which resulted in some children
being able to ride a two-wheeled bicycle.
We continued to work in partnership with Education & Children's Services and other agencies including Early
Years Inclusion Service, Speech and Language Therapy, Occupational Therapy.
We received support from Edu¢alion & Children's Services as part of our contract with them. OUF Support
Teacher contiuucd to visit regularly to provide support in the playrooms and updates on best practice.
A teacher from Early Years Inclusion Service and I practitioner continued to provide support and strategies for
working with children who have additional support needs.
We continued to make improv¢Tnents to the building. Artificial grass was installed in our Rainbow Room
outdoor area, the height of the fence was increased in the main room play area to ensure the safety of children.
We also installed blinds on the windows in the main playroom and both quiet roorns.
We recruited 3 new Management Committee members.
Page 4

Muirton Community Nursery
Management Committee's Report (continued)
Aehievements and perfornTance
We continued lo receive positive feedback and guidance from visiting improvement officers and support
teachers from P¢rth & Kinross Council Education & Children's Services and took any suggestions on board.
We continued io use Developmentsl Milestones trackers issued by Perth & Kinross Council Education and
Children's Services to track children's developmental milestones and used the results to tnforni our planning for
children's needs.
Staff attended a Comprehensive variety of waining courses in¢ludin8:
Food Hygiene
. Emergency First Aid at Work including Emerg¢n¢y Paediatric First Aid
• Early Years Nurture Piloi Programm¢
Safe Staffing
• HMRC Whal is Pay for National Mtnimum W88¢ PuTPOS¢S
0-3 Being Me in PKC
• Makaton
Senior Practitioner Development Prograrnme
. Communication Champion
Emotion Works
• ELC Improvement Programme Peer Group Sessions
. Loose Parts
Child Proiection
• Teaching Children to Listen
Senior staff altended Funded Provider Meeiings. Improvement Planning meeiings, and kept up lo dale with any
hanges in legislation and best practice. This included updated Setting the Table which is Nulriiional Standards
and Practical Guidance for Early L¢arnin8 and Childcare Providers in Scotland. This needs io be put in practice
by Augusl 2025.
We continued to run at full Capacity with 90 children from 84 families ￿*Ing our ￿rVices.
The children continued to be happy, engaged in their l¢aming and celebrated various events throughout the year.
We held a fimdraising Quiz Nigbi io enable us ¢0 bod a 30th birthday celebration in June 2025.
We continued to regularly visit Strathtay House Nursing Home to entertain and work alongside ihe residents.
We continued to use various strategies to support children with additional support needs.
We gained our Emotion Works Bronze Award and are currently working towards the Silver Award.
We gained a certificate for participation in the Early Years Nurture Progrdmme and learning from this is being
incorporated into daily use.
Flnan¢i31 reiryew
The accounis for the year ended 31 March 2025 show net incoming resour¢¢s of £21.484 {2024 - net outgotng
resources of £15,680).
Page 5

Muirton Community Nursery
Management Committee's Report (continued)
Policy on reserves
It is the policy of the charity that unrestricted Funds which have noi been designated for a specific use should be
mainiained at a level to provide sufficient income to allom. the charity lo pursue its objectives. The balance held
as unrestricted funds at 31 March 2025, excluding designated funds, was £81,13712024 - £55,362).
The charity has designated fvnds of £26,325 (2024 - £30,616) whi¢h represents the f￿ed assets of the charity
and is subject 10 movements through acquisition of new assets, disposals or through depreciation.
Plans for future periods
Continue to support OLir children and families.
Continue with OLEr prograrnme of environmental improvements.
Ensure appropriate staffing levels.
Continue lo provide opportunities for siaff to attend appropriate training to eDsur¢ they increase their knowledg¢
and meet the registration requirements of Scottish Social Services Council.
Work on improving the quality of observations and identifying next steps in learning.
Continue to work with our Support Teacher and our Early Years Family Learning Practitioner.
R¢cThil new Management Conunittee membeTS.
Increase the percentage of children meeting their attention developmen(al milestone.
Increase the ability of stsff to reflect on how key documents have impacted their practice to improve outcomes
for children.
Increase ehildren's dI￿tal skills.
Page 6

Muirton Community Nursery
Management Committee's Report (continued)
Fln4ncial illstruments
Objec¢ives andpolicies
The Charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity
risk.
The Management Committee has assessed the major risks lo whkch the charity is exposed and is satisfied that
systems are in place to mitigate its exposure lo the major risks.
Ca5hflow risk
The Management Committee has retained sufficient cash resources to meei ihe immediate requirements of the
charity.
Credil risk
The Charity's principal financial assels are bank balances and cash, and oiher receivables.
The Charity's ¢r¢dit risk is primarily attributable lo its other receivables. The amounts presented in the balance
sheet are nel of allowances for doubtful receivables. An allowance for impairment is made wh¢r¢ Ihere is an
identified loss event which, based on previous experience. is evidence of a reduction in the recoverability of the
cash flow5.
The credit risk on liquid ￿ndS is limited because the ¢ounletparties are banks with high credil-ralings assigned
by international credil-raling agencies.
Liquidity risk
In ord¢r to maintain liquidity to ensure that sufficienl funds are available for ongoing operations and fulure
developnienls, the Charity's liquid funds are kept in a cornbination of non-interest bearing and inleresi bearing
bank accounts to enable it to service its everyday financial needs.
Going concern
The charity received funding as a Funded Partner wilh Perth & Kinross Council Education & Children's
Services. From April lo July 2024, we received funding of £6.0 I per hour per child for 1140 hours per year.
This equates to 30 hours per week during term time or 24 hours per week over the 48 weeks per year that the
nursery is open. This was increased ¢0 £6.15 per hour p¢r Child from I st August 2024. We were also able to
offer fvnded placements for Strong Starts al £6.23 per hour per child from April to July 2024. Thi5 was
increased lo £6.37 per hour from Isl Augu512024.
We received £3 per child per day from Perth & Kinross Education & Children's Services for the provision or
lunch and snack to funded children. We also received £0.584 per Child per day to provide healthy snack and
milk.
We were still able to provide pla¢¢menls for children aged 2-3 and also wraparound care for funded children
who need longer hours. This was charged at the cosl of £6 per hour per child and £3 per day for lunch and snack
if requir¢d.
We were running at near capacity during the period l April 2024 to 31 December 2024 and al fiLII capacity from
l January to 31 March 2025. As a requirement of our funded partner contract, we will continue to pay ¢hild¢are
stsff the Scottish Real Living Wage.
Pag¢ 7

Mulrton Communlty Iyursery
Management Committee's Report (continued)
Digclo8ure of Informatlon tL) audltor
Ea¢h member has taken Steps thai they oughi lo have taken as a rnernber in order to make Ihemselves aware of
any relevani audit infom￿l10n and lo establish Ihal the charity's auditor is awa￿ of that inforn)ation. The
Managernenl Committee confirni thai there is no rcl¢vanl infomation that they know of and of wh]ch they know
the audiior is unaware.
The annual report was approved by the Management Committee of the ¢harity on 17 September 2025 and
signed on ils behalf by..
Tn]gtee (Chair)
Page 8

Muirton Communitv Nursery
Statement of Management Committee's Responsibilities
The Management Committtt are responsible for preparing the Managemcnt Committee, report and the financial
statements in accordance with the United Kingdom Accounting Sthndards (United kn"ngdom Generally
Accepted Accounting Practice) and applicable law and regulations.
The law applicabl¢ lo ¢hari(ies requires the Managemeni Committee to prepare financial statements for each
financial year which giv¢ a true and fair view of the stale of affairs of the cFthrity and of the incoming resources
and applicatton of resources of the chan.ty for thai period. In prepanng these fuwicial statements. the
Management Committee are required io:
select suitable accounting policies and then apply th¢m Consistently;
observe the methods and principles in the Chan"ti¢s SORP;
make judgements and estimates thai are reasonable and pnmlent"
state whether applicable accoulliing standards bale been followed. subjwt to any malerial departtwes
disclosed and explained in th¢ financial ststanents: and
prepare the finan¢ial statements on the going concern basis unless il is inappropriate to presume thai the
charity will continue in b￿sinesS.
The Management Committee ar¢ r¢sponsible for keeping proper accounting records that disclose with
reasonable ac¢uracy at any time the financial position ofthe charity and enable them to ensure that the finan¢ial
statements comply wryih the Chan'ties and Trusiee Investtneni (Scotland) Act 2005. the Charity Accounts
Iscotland) Regulations 2006 las amended). and the provisions of the consiilulion. The Management Commiitee
are also responsible for safeguarding the assets of the clwity and for tsking reasonable sieps for the
prevenlion and deieciion of fraud and other trregularili¢s.
Page 9

Muirton Community Nursery
Independent Auditor's Report to the Members of Muirton Community Nursery
Opinion
We have audited the financial statements of Muirton Community Nursery (the 'charity') for the year eDded 31
March 2025. which comprise the Siaiemeni of Financial Activities. Balance Sheet, and Notes to the Financial
Statemenis. including a summary of significant accounting poltcies. The financial reporting frdm¢work that has
been applied in thekr preparation is United Kingdom Accounting Standards. comprising Charities SORP - FRS
102 The Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland, and applicable law {Uniled
Kingdom Generally Accepted Accouniing Practice).
ITh our oplnion the fmaDcial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its results for the year
then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice"
and
have been prepared in accordance with the requirernen￿ of the Charities and Trustee Investment (Scotland)
Act 2005 and regulation 8 of the Charities Accounts (Scotlat￿) Regulations 2006 las amended).
Basis for opinion
We conducted our audit tn accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilitie5 under those standards are further described in the Auditor's r¢sponsibiliiies
for the audit of the f￿ancIal statemenis seciion of our fqM)rt. We are independent of the charity in accordance
th the ethical requirements that are relevant to our audii of the financial stalements in th¢ UK, including the
FRC'S Ethi¢al Standard, and we have fulfilled our other ethical responsibilities in accordan¢¢ Thith these
requirements. We belteve that the audit evidence we have obtsined is sufficient and appropriate to provide a
basis for our opinion.
Conclusions rel2ting to going concern
In auditing the financial staiements, we have concluded that the Management Committtt's, use of the going
concern basis of accounting in the preparaiion of the financial statements is appropriate.
Based on the work we have perfomled. we have noi identified any maierial uncertainties relating to events or
conditions that, individually or collectivelv, may cast significant doubt on the charity's ability to continue as a
going concern for a period of at least twelve rnonths from wb¢n the financial slaiemenis ate authorised for issue.
Our responsibilities and the responsibilities of the Management Committee with respect to going concern are
described in the relevant s¢ciions olthis report.
Other illfomation
The Management Committee are responsible for the other information. The other infornution comprises the
information included in the annual report, other than the financial statemenrs aud our auditor's report thereon.
Our opinion on the fmancial statements does not cover the other Infor[￿ation and. ex¢¢pt to the extent othenvise
explicitly stated in our report. we do not express any forni of assurance conclusion thereon.
Page 10

Muirton Communitv Nursery
Independent Auditor's Report to the Members of Muirton Community Nursery
(continued)
In connection with our audit of the financial statements. our responsibility is to read the other inforniation an
in doing so, consider whether the other infornuiion is materially inconsistent Mith the fuwicial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material mi&staiemettts. we are required to determine ￿hether there is a material
misstatemeni in the financial stsiements or a material misststement of the other information. If. based on the
work we have perfonned, we conclude that there is a tnatrrial rni&statement of this other inforn￿tion. we are
required to report that fact.
We have nothing to re￿rt in this regard.
Matters on whieh we are required to report by eIception
In the lighi of our knowledge and understanding of the charity and its environment obtained in th¢ course of the
audit, we have not ideniified material missthtements in the Management COU￿1tte¢'s Report.
We hav¢ Dothin8 to report ID respect of the following matters where the Clwitics Accounts (Scotland)
Regulations 2¢XJ6 (as amended) requires us to report lo you if. in our opinion:
adequate a¢countin8 records have not been kepl or rell￿￿ adequa* for our audit have not been received
from branches noi visiied by us: or
the financial sta*ments are not in agreement with th¢ a¢￿U￿￿n8 r¢cords and returns: or
ertairk di￿10$ureS of Management Committee remuneration specified by law are not made; or
we have not received all the infornwiion and explanaiions we require for our audit.
ResponsSbillti¢s of M*n#eem¢nt Commltttt
As explained more fully in the Statement of Management Committee's Responsibilitie5 (set oul on page 9). the
Management Committee are respotL8ible for the prepardtion of the financial stslen*nts and for being satisfied
that they give a true and fair view. and lor such iniernal contToI as the Managemeni Committee delemiine is
necessary to enable th¢ preparation of finwKiaJ slatements thai are free from malerial misslat¢m¢ni. wh¢ther due
to fraud or error.
In preparing ihe financial ststements. the ManageuKnt Committee are res￿nsIble for assessing the charity's
ability to continue as 8 going concern. disclosing. as applicable, matters related to going concern and using Ihe
going concern basis of accouniing unless the Management Committee either intend to liquidat¢ the charity or to
cease operations, or have no realistic aliernative bui to do so.
Auditor Responsibilities for ihe 4udil of ihe f￿ancial stattn*nts
Our objectives are to obtsin reasonable assurance about whether the financial ststrments as a whole are free
from material misstatement, whether due to fraud or ertor. and io issue an auditor's report that includes oui
opinion. Reasonable assurance is a high level of assuTance. but is not a guardntee that an audtt conducted in
accordance with ISAS (UK) ￿TrI1 always detect a tnateriai missthiement when it exists. Misstalements can arise
from fraud or error and are considcred matrrial if. IJ)dii'idually or in the aggregale. they could reasonably be
expected to influence the economic decisio￿8 of ￿lerS thken on the basis of th¢s¢ fmancial statements.
Pagell

Muirton Community Nursery
Independent Auditor's Report to the Members of Muirton Community Nursery
(continued)
Extenl to which the audit WAS considered capAble of detecting irrcgularities, in¢ludiDg fraud
We identify and assess the risks of material misstatem¢nt of the financial statements, whether due lo fraud or
error. and then design and perfonn audit procedures responsive to those risks, including obtaining audit
evidence that is sufficient and appropriaie lo provide a basi& for our opinion.
Identlfylng #nd &s5esslng potentS01 risks related to Irregularltles
Irr¢gularities. including fraud. ar¢ instances of non-compliance with laws and regulations. We d¢sign pro¢edures
in line with our re5ponsibiliti¢s, outlined above, to delecl material misslalemenis in respect ol irregularities.
including fraud. The extent to which our proc¢dur¢s are ¢apabl¢ of delecting irregularities. including fraud is
detailed below..
the nature of the regulated sector, control environment and understanding of the enlity in¢ludin¥, but not
restricted to, the understanding that ihe Management Committee are not remunerared, and the prevalence of
fraud in the seilor especially in the Lurrent unLerlaiii eLDnomiL environment.,
results of our enquiries of the Managemenl Committee about their own identification and assessment of the
risks of irr¢gulariti¢s:
any matters we identified having obtained and reviewed th¢ Charity's documentation of their policies and
procedures relating lo..
identifying, cvaluaiing and complying with laws and regulations and whether they were aware of any
instances of non-complian¢¢-
deleiting and responding lo the risks of fraud and whether they have knowledge of any actual. suspecled
or alleged fraud:
the internal controls established to miligale risks of fraud or non-compliance with laws and regulations.
the matters discussed among the audit engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.
As a result of these procedur¢s. we considered the opportunities thai may exist within the organisalion for fraud
and identified the greaiest poienlial for fraud in relation to revenue recognition and overslalement of
expenditure. In common with all audits under ISAS (UKI, we are also required lo perfom) specific procedures to
r¢spond lo the risk of management ov¢rrid¢.
We also obtained an understanding of th¢ legal and regulatory frameworks thal the Charity operaies in. focusing
on provisions of those laws and regulations ihat had a dire¢t ¢ffe¢t on the deterniination of material amounts and
disclosures in ihe financial slaiemenrs. The key laws and regulations we considered in this context included the
charity's own constitution, and various charily-spe¢ific legislation, includin¥ The Charities and Trustee
Investmcnt {Scoilandl Act 2005.
Our procedur¢s lo respond to risks identified included the following..
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direLt effLCt on the financial
stalemenls;
enquiring of the Management Committee, senior managemenl and legal advisors Concerning actual and
potential litigation and claims.
perforn)ing analytical procedures to identify any unusual or unexpecled relationships that may indicate risks
of material misstatement due to fraud-
reading minutes of meetings of those charged with governance:
tested a sample of income for understatement and other relevant audii procedures while consideration was
given to revenue r¢¢ogniiion;
Page 12

Muirton Community Nursery
Independent Audiior's Report to the Mernbers of Muirton Community Nurserv
(continued)
tested a sample of expenditure for overstatement and other relevant audit procedures.
in addressino the risk of fraud through management overtide of controls, t¢5ting ihc appioprialcne55 of
journal entries and othcr adjustments; assessing whetheT the judg¢ni¢nts madc in making accounting
estimates are indicativ¢ of a potential bias; and evaluating thc busin¢55 rational¢ of any significant
transactions that are unusual or outside the nomlal course of business.
We also communicated relev&ni identified laws and regulations and potenlial fraud risks lo all engagement tea
members and remailled alert 10 any indications of fraud or non-compliance with laws and regulations ihroughoui
Ihe audit.
Due to the inherent lirnilations of an audit. there ts an unavoidable risk that we may not have detected some
m21erial misstatements tn the financial statements. even though we have properly planned and perfornied our
audit in accordance with auditing standards. For example, as with any audil. there remained a higher risk of
non-deie¢tion of irreoularities. as Ihese rnas, involve collusion. forgery. intentional omissions,
misrepresentations. or the override of controls. We are not responsible for preventing fraud or non-compliance
wilh laws and regulations and cannot be expected to deteci all fraud and non-¢omplian¢e wilh lam's and
regulalions.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
wWw.frc.org.u￿aud1tor$re5P0n5Ib1I1ties. This description fornis part of our auditor's report.
Use of our report
Thi5 repor( is made solely io Ihe chariry's managerneni committee, as a bod). in accordance with Seciion 44
( l )(c) of lh¢ Chariii¢s and Trustee Investmen( (Scotland) Aci 2005 and Re¥ulaiion l O of lh¢ Chariiies Accounis
(Scoiland) Regulaiions ?006 (as amend¢d). Our audil w'ork has been undertaken so (hai we mighi siaie io lh¢
harity'5 mdna¥cm¢nl commiticc those tnaiicrs w¢ are r¢quir¢d lo state to them in an auditor's ICPQrt and foi n
othei purpv5¢. To thc fullc5l cxtcnl p¢tTnitt¢d by law, wc do not acc¢pl or a55uJn¢ rc5pon5ibilily to anyoT]e other
Ihan lh¢ charity and its management commirtee as a body. for our audit work. for this rcport. or for ihc opinions
wc hav¢ fonned.
Morris & YounL. Siatulon, AudilOT
Eligibl¢ lo acl as an auditor in terms of section 1212 of Ihe Companies Act 2006
Chartered Accountants
6 Alholl Crescent
PERTH
PHI 5JN
31 Ociober 2025
Page 13

Mulrton Cornmunit) Nursery
(Registration number: SC023360)
Balance Sheet as at 31 March 2025
2025
2024
Note
Flx¢d *&*ets
Tangible ass¢ts
12
16,143
20,436
Current Assets
Debtors
Cash at bank and in hand
13
14.448
85,131
13,(K)2
63,IM)S
99,579
76,007
Credltor$: Amounts fglllDg dut wlthln othe >ear
Nel current asset$
14
(6.89_3)
19.096)
92.S86
66.911
Net *s$et%
InR,AAI
87,147
Futsd% ofthe ¢harlty:
Restrlet¢d fjn¢ome funds
1,369
.369
Unrestrlrted Income funds
Unrestric*d income funds
107,462
85,978
Total fund¥
108,831
87,347
The fin￿¢131 s¢alements on page 13 10 30 were approved by the ManagenK￿l Cormiitt¢¢. atsd 4uthoris¢d for
issue on 17 September 202$ and %i8ned on their behalf by-.
Tr notes on pages 16 to 29 forn) an ititegrai part of the￿ financial statements.
Pa8e 15

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025
l Accountlng poli¢ie5
Statement of eompllanee
Thc financial statements hav¢ been prepared in accordance with Accounting and Rwrting by Chanties..
Statement of Recommended Practice applicabl¢ to ¢hariti¢s preparing their accounts in accordance with the
Financial Reporiing Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January
2019} - (Charities SORP {FRS 1021), Ihe Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 1021. the Charities and TTUStee Investment IScoiland} Act 2005 and the Charities Accounls
(S¢oiland) Regulatio￿ 2006 (as amended).
Basis of preparation
Muirton Community Nursery meets rhe definiiion of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cos101 transaction value unless oiherwise stated in ihe relevant a¢¢ounting
policy noles.
These financial statements have been pr¢s¢nt¢d in sterling (£) and rounded to the nearesl £1.
Going ¢on¢ern
Cash flow forecasts take into account the above and demonstr2te that the ¢harity has sufficient free cash flow to
allow the charity to conlinue as a going concern for a period of al least 12 months from the date of signing these
Accounts. All govemmenl guidelines are being followed. On this basis. the Management Committee consider li
appropriaie to prepare the Accounts on the Going Concern basis
Income and endowment5
Voluntary income including donations. gifts. legacies and grants that Provide core funding or are of a general
nature is r¢co8nised when the chariry has entiilement to the income, il is probable thai the income will be
received and ihe amount ¢8n be measured with sutyicient rcliability.
Donafvons dnd le8aeies
Donations and legacies are recognised on a receivable basis wben receipt is probable and the amount can be
reliably measured.
Grants receivable
Grant in¢ome is credited to the Statement of Financial Aciivities when received.
Deferred income
Deferred income represents amounts received for future periods and is released lo incoming resources in the
period for which, it has been receiN'ed. Such income is only deft￿ed when..
- The donor specifies thai the grant or donation must only be used in accounting periods,. or
- The donor has imposed conditions which must be mei before the charily has Uvkconditional entitlement.
Inveslment income
Encome from bank interest received is credited io the Statement of Financial A￿1VitieS when receivable.
Page 16

Muirton Community Nursery
Notes to the Financial Statement5 for the Year Ended 31 March 2025 (continued)
Charitable activilies
Income Irom charitable aclivilies includes income received under contract and grant funding to specific service
conditions. This income is recognised as the related goods and services ar¢ provided and where th¢re is
enliilemenl, certainty of receipt and the amount can be measured with sufficient reliability.
Fe¢s receivable are accounted for in the period in which the service is provided.
Expendlture
All expenditure is r¢¢ognised once there is a legal or construciive obligation to that expenditure. it is probable
settlement is required and the amount can be measured reliably. All costs are allocaied lo the applicable
expendiiure heading that aggregate similar costs lo that category. Where costs Cal￿0t be directly attributed lo
particular headings they have been allocaled on a basis con.sislent with the use of resources. with Central staff
costs allo¢ated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Oiher support costs are allocated based on the spread of stsff costs.
Charitable aclivlkies
Charitable expenditure comprises those Costs incurred by the charity in the delivery of ils activiiies and services
for its beneficiaries. It in¢ludes both costs ihal can b¢ allocated directly lo such aetivilies and those costs of an
indirect nature necessary lo support them.
Support costs
Support ¢osts include central functions and have been allocated io a¢tivity cost categories on a basis consistent
with the use of resou￿¢5, for example, allocating property costs by floor areas, or per capita, staff costs by the
time spent and other costs by their usage.
Governance costs
These include the Costs attributable to the Charity's compliance with constitutional and ststutory requirements,
in¢luding audit, strategic mana8em¢nt and Management Committe¢ m¢elings and reimbursed expenses.
Txxation
Muirton Community Nursery is a charity and is not liable to Corporation Tax.
Tangible fixed assets
Individual fixed ass¢¢s Cosling £50.00 or more are inilially recorded al cost.
Depreeiatiort gnd amortisatlon
Depreciation is provided on iangible fixed assets so as lo write off the eost or valuation. less any estimated
residual value, over their expected use￿] economic lif¢ as follows..
Asset class
Furniture and equipment
Depreciation method and rate
25ts/0 Reducing balance
Cash and cllsh equivalents
Cash and cash equivalent5 comprise cash on hand and bank d¢posits.
Page 17

Muirton Community Nursery
Notes to the Financial Statements for the Trear Ended 31 March 2025 (continued)
Trade ereditors
Trade creditors are obligations to pay for goods or ser%uces that have been acquired in the ordinary course of
business from suppliers. A¢¢ounts payable are classified as curreni liabiliiies if the charity does not have an
nconditional right, at the end of the reporting period, to defer settlement of the creditor for at least tsvelve
months after the reporting date. If there is an unconditional righi io defer settlement for ai least twelve months
after th¢ reporting date, they are presented as non-current liabilities.
They are recognised initially at the transaction price and subsequently me&sur¢d at amortised cost using the
effective interest method.
Borrowfittgs
Interest-bearing bOrrO￿￿ngS are initially recorded at fair value. net of transaction costs. Inlerest-bearing
borrowings are subsequently Ca￿led at amortised Cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being reeognised as a charge to the Statement of Financial
Activities over the period of the relevant iM)rrowing.
Interest expense is recognised on the basis of the effeetive interest method and is included in interest payable
and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of
the liability for at leasi tweli'e months after the reporting date.
Fund strueture
Unrestricted income funds are general fi￿dS thai are available for ￿se at the Management Committee's
discretion in furtherance of the objectives of the Charity.
Designated funds are unrestricted funds are resources sel aside for specific purposes ai the discretion of the
Management Committee.
R¢stricted in¢om¢ funds are those donated for use in a particular area or for specific purposes. the use of which
is restricted to that area or PUTP05e.
Pensions and other post retirement obligations
The charity operates a defmed contribution pension scheme which ts a pension plan under which fixed
contributions are paid inio a pension fijnd atld ihe cbarity bas no legal or Const￿CtiVe obligation to pay fi￿her
¢ontrÈbulions even if the fvnd does not hold sufificient assets to pay all employees the benefits relating to
employee service in th¢ current and prior periods.
Contributions to d¢fin¢d contribution plans are recognised in the Statemeni of Financtal Activities when they are
due. If COELtributioll paytnents exceed the contribution due for service, the excess is reCO￿lSed as a prepayment.
Financial instruments
The charity only has financial assets and liabilities of a kind that would qualify as basic financial instruments
'hich are recognised at their tra￿%actioTh value and subsequently measured ai their sertl¢m¢nt value.
Page 18

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
4 Investment income
Unrestrieted
funds
Gener41
Unrestricted
funds
General
Total
2025
Tot21
2024
Interest receivable and similar
incom¢-
Interest receivable on bank
deposits
578
578
36
36
S Other ineome
Unrestricted
funds
General
Unrestricted
funds
General
Total
2025
Total
2024
Fundraising income
1,497
1,497
219
219
Page 20

Omf
- rt 0
- t> •0¢
4 V

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
7 Analysis of governanee And support costs
Support costs
Unrestricted
funds
General
Unrestricted
funds
General
Total
2025
Total
2024
Employment cosls
Rent
Rates
Light, heat and power
Insurance
Repairs and cleaning costs
Telephone
Printing, stationery and
advertising
Sundry expenses
Publi¢ations
Bank Charges
82,729
13,0(M)
3,076
10,065
3,914
19,333
82.729
13.000
3.076
10.065
3.914
19,333
484
82,142
13,000
2,312
9,031
3.733
17,729
467
82.142
13,000
2,312
9.031
3,733
17,729
467
2,408
2,408
2,329
1,179
3,84?
457
2.329
1.179
3,842
457
3.859
422
3.859
4?2
140,405
140,405
136,221
136,221
Page 22

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Basis of allocation
Reference
Employment costs
Rent
Method of *llo¢*tio
Staff time
Direct
Rates
Direct
Light, heal and
power
Direcl
Insurance
Direct
Repairs and cleaning
Ir
cosis
Direct
T¢l¢phone
Printing. stationery
and advertising
Sundry expenses
Publications
Direct
Dir¢cl
Direct
Direct
Bad debts WTitten off
Direct
Bank charges
Loan intercsl
Direct
Direct
Governance costi
UDrestricted
fund5
General
Unrestrlcted
funds
Generll
Total
2025
Total
2024
SiatT Costs
Wages and salaries
Social security costs
Audit fe¢s
Audit of the financial statements
Other fees paid to auditors
Legal fees
8.344
652
8.344
652
8,351
839
8,351
839
2,51J)
2.5(X)
2,3
1,900
360
2.300
1,900
360
13.496
13.496
13,750
13,750
Page 23

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
8 Net incomlngloutgoing resourees
Net in¢oming/loulgoing) resour¢es for the year include..
2025
2024
Operatin¥ leases other assets
Audit fees
Other non-audii services
Depreciation of fixed assets
1.300
2,500
2,000
5.381
13.000
2.300
1,900
6.812
9 Manggement Committee's remunerAtlon and expenses
No members of the Managemenl Committee, nor any persons ¢onne¢ted with Ihem, have received any
remuneration from the charity during the year.
No memb¢rs of th¢ Management Commiitce received any reimbursed expenses from ihe charity during the year.
10 Staff tosts
Th¢ aggregate pa￿011 costs were as follows..
2025
2024
Staff ¢osts durlng the year were:
Wages and salaries
Social security costs
Pension costs
280,419
15,603
7,266
274,197
12,698
6,162
303.288
293,057
The monthly average number of persons (including senior management / leadership team) employed by the
charity during the y¢ar expressed as full time equivalents. was as follows..
2025
No
2024
No
Provision of nursery servi¢es
Administration
13
15
14
16
15 (2024 - 12) of the above employees participated in the Defined Contribution Pension S¢h¢m¢s.
No employee received emoluments of more than £60.000 during the year
Th¢ total employee benefits of the key nmnagement personnel of the charity w¢r¢ £62,327 (2024- £60.5111.
Page 24

Muirton Community liursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
11 Taxatlon
The charity is a regisiered charity and is therefore exempt from taxation.
12 T*n£lble Ilxed assets
Furniture *nd
equlpment
Tolal
Cosl
At l April 2024
Additions
112,IX)8
1.0
112.008
1,090
Ai 31 March 2025
113.098
113.098
DepreclAtlon
Ai l April 2024
Charge for Ihe year
91,572
5.381
91.572
5,381
Ai 31 March 2025
96,953
96,953
Ntt book value
Ai 31 March 2025
16,145
16,145
Ai 31 March 2024
20.436
20.436
13 Debtors
2025
2024
Prepayments
Other debtors
6,293
8,155
6,077
6.925
14.448
13,002
Page 25

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
14 Creditors." amounts falling due within one year
2025
2024
Other creditors
Accruals
Deferred income
1.099
7.820
177
6.893
6,893
9,096
2025
2024
Deferred Income
Deferred income at l April 2024
Resources deferred in the period
Amounts ieleased from previous periods
Deferred income at year end
177
46
l77
(46}
(177)
177
Deferred income at the year end represents nursery fees which were r¢¢eived in advance.
15 ObligAtions under leases and hire purehAse contrgcts
Operating lease commitments
Total ￿tI￿re minirnum lease payments under non-cancellable operating leases are as follows..
2025
2024
Lalld and buildings
Within one year
Between one and five years
13.000
26,000
13,000
39,000
39,000
52,000
The total amount of lease payments recognised as an expense during the year was £13,000 (2023 - £13.000).
16 Pension gnd other schemes
Defined contribution pension Scheme
The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents
contributions payable by the Charity to the scbeme and amounted to £7,266 (2024 _ £6,162).
Page 26

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
17 Contingent liabilities
The charity received a grant of £10,180 from the Scottish Executive towards the cost of an ¢xiension to the
building. They have however decided to put the plans for th¢ extension on hold. If the plans for the extension do
not go ahead th¢ charity may have to repay the grant lo the Scottish Exeeulive. No adjustment has been made to
the a¢¢ounts for sueh a situation arising.
18 Funds
B3ilance at
31 Mar¢h
2025
Balance #t I
April 2024
Incomlng
resources
Resources
expended
Transfers
Unrestricted funds
Genepal
Unrestricted Incorne Fund
55,362
411,539
(384,674)
{1,090)
81,137
Designaled
Capital Expenditure Fund
30,616
(5,381)
1,090
26,325
Total unrestricted funds
85,978
411,539
{390,055)
107.462
Restricted funds
CCI Fund
Scottish Government -
Outdoor Clothing Fund
1.363
1,363
Totgl restricled funds
1,369
1,369
Total funds
87,347
411,539
(390,055)
108,831
Page 27

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Balance at I
April 2023
Ineoming
re50ur¢es
Resources
expended
Bglance at 31
March 2024
Transftrs
Unrestricted funds
General
Unrestricted Income Fund
68,223
358.261
(367,129) {3,993)
55.362
Designated
Capitsl Expenditure Fund
Total unrestricted funds
33,435
(6.812)
(373,941)
3.993
30,616
85.978
101,658
358.261
Restricted funds
CCI Fund
1,363
1,363
Scottish
Government
Outdoor Clothing Fund
Total restricted funds
1,369
103,027
,369
87,347
Total funds
358.261
1373,941)
Unreslricted funds
The specific purposes for which the funds are to be applied are as follows..
The Unrestricted Income Fund is available io be spent for any of the purposes of the ¢harity.
The Capitsl Expendittwe Fund represenls the fixed assets of the cbarity and is subject to movements througb
a¢quisitton of new assets or through d¢pr¢¢iation.
Page28

Muirton Community Nursery
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
19 An*lysi5 of net assets between funds
Total funds at
31 March
2025
Unrestricted funds
General
Designated
Restricted
funds
Tangible fix￿ assets
Cu￿ent assets
Current liabilities
16,145
10.180
16,145
99.579
{6.893)
88.030
{6,893)
.369
Total nel assets
81,137
26,325
1,369
108,831
Tol81 funds it
31 March
2024
Unrestrlcted funds
General
Deslgn*ted
Restricted
funds
Tangible fixed assets
Current assets
cU￿en1 liabilities
20.436
10.180
20,436
76.007
9,096
64.458
19.0961
,369
Tolal net assets
55,362
30.616
,369
87,347
20 Related party tr*nsa¢tions
During the year the charity made the following ￿lated paTty transactions:
Management Committee
Thc ManagLmeni Committe¢ is largely rnade up of parents of children who attend the nursery. Fees charged are
Lalculated al the standard raies. At the balance sheet date th¢ net fees due from Managern¢ni Committee
Members al the year end were £627 (2024 - £1.140).
Page 29