REGISTERED CHARITY NUMBER: SC023718 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL S TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BUDDIES OUT OF SCHOOL CARE_ ThomRS Barrie & Co LLP AtlAnlic House la cad0gl Street Glasguw G2 6QE
BUDDIES OUT OF SCHOOL CARE CONTENTS OF THE FINANCIAL STATEMENTS for the -ear ended 31 MARCH 2025 Page Report of the Trustees I to 2 Independent Exgminer'g Report Statement of Financi&l Activities Balance Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12 to 13
BUDDIES OUT OF SCHOOL CARE
REPORT OF THE TRUSTEES
for the
ear ended 31 MARCH 2025
The trustees prL4ent their report with tbe fancial s1o1nentS of the cbarity for tbe year ended 31 March 2025. The
trustees Iiave adopt the provisions of AcLoiintiiig aiid Reporting by Ch8rities'. Stal¥illent of Rtiomnieiided Pravlice
appliw&ble to cl)arities preparing their auiounls in auiordankne with the Finaniial Reporting Standard applicable in the
UK and RepiibliG of Ireland {FRS 102) (effe£tiTr¢ l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and alms
The charity's objeLls as set out in the coiistiliition are as follows..
To promote tlie care and ediication of cbildrcn in need of care diiring out of school hours and school holidays and to
proniote the provision of Svliool faknilitieb for tlie reireation and other leibure-tiine occiipation of such children in the
intereit of social welfare with d]e objetyt of iniproving their conditioDS of ]ife.
ACHtEVEMENTS AND PERFORMANCE
Charitable activities
The cbwity has Lontiniied to provide a much needed SLrvice to the local conununity by providing after school care.
Fundrai%ing activities
No fijndraiqing activitie5 were carried out during this financial Jear.
FINANCIAL REVIEW
Financial position
During the yar. the charity generated a surplus of £11,162 (2024- £20,025).
We re1Ved three grants duriDg the year. The first grant of £8,463 froni Glasgow City Coullcil's Area Partnership Fund
and was for new eqLiipiiient, n)ainly for Ol seiisory Toom. The seiond grant of ££ noo w& fruIn FoundatÈoD Scotlaiid
fund to &%%i£t with hiTrsting COLikiiig cla#%es and eicursions. The third grlt of £20.000 froin awards For All was for tbe
provisiL)n of a parent & toddler café for one year froin Deiember 2024.
We ate still able lo carry forward funds of £67.566 at the ?ear end, of which £55.893 is unrebtricleQ which is in line
with our policy.
Prlncipal fuDding sources
The ¢harity's principal source of income in the .aS ftt inco]ne. together with grdnls received as detailed above.
Reserves pollcy
The tnJ%lees have e_Kamined the charity's requir¢iiiei)Ib for r¥bvrves in liglit of the rn2in ri.¢ks to tl)¢ orgitiii.%ation. In doing
so tliey oollsidered the r&1
DILS OUT OF SCH REPORT OF THE. TR_USTEES for they r ended 31 MARCH 2 STRUCTURE, GO.RANcE AND MANAGEMENT OrganSy4tioDal strncture Thc marbagcent c.ommitt¢e me.ets approxiillately ten tim¢s a yeaI and has r¥)?onsibility for all strdl¢gic d1$10$ of the cl)Arity. operational deil%ions are delegated to seiiioi staff, with the In,1¢e.$ having ovtrall ieiponsibility for day-to-day Diaithg¢ment of thc charity. Inductioll and training Df new trustees Most Mqtees 2re already faiiiiliar with the prai.lical work of the C1)1ty and are elirag io allend training se%4ions aiid de.welopnient days of thc 018anisats'on. New trusle.th are eiicouraged to allelld tralliing SiN%iDI)s aiid devclopmLnl days of the Organ1{10n. Related parties The orbldniAAIIoD is a sland-al01 Charity. REb'ERENCE AND ADMINJSTIL4TtVE DETAILS Restered Charity. number SC(123718 Princlpal addr¥¥s 2 Tlallliill Road Biidhill GlabgQW G32 OLL Independent Examlner TIILinias Barrie & Co LLP Atlantic House la Cadogan Street GlasOW G2 6QE ApprovLd by order of the board of tslet5 on 13 Augiiql 2025 and signed oil its b¢haifby'. Pagc 2
INDEPENDENT EmMThR,s REPORT TO THE TRUSTEES OF BUDDIES ur OF SCHOOLCARE I reFort oil the acioiinls for the ).r ended 31 MarL'h 2025 sgl oiit on pages four to elevl. Respective responsibllititt of trustees and examiner The cliarity's tnisle¢J ar¢ reSI1)SIble for tlie prepardlion of the accounts iti accordar with the teni)s of the Chariti¢s and Tni¥lee Inv&4tmLlIt (Si(btland) Act ?(K>5 aiid thc chatieS A¥iounts (Scotlaiid) RegnilAlions 26 (as amondtd). The cIMrity's tStee5 ¥onsid¢r that the audit r¢L]uir¢nient of Regulation 10{I)(a) to (c} of the AcL'ounts Regulations does i)ot apply. It is my r¢spon1b1]ity to Liaiiiine the aLiounts as requtrcd und¢r SLXtion 44(1)(c) of the Act wid to s13te whether parti¥ular nydiiers haTre ¥ome lo niy attention. Basis of the independent examiner's report My exaiiiination was carried out in ai.¥ordancc with Re71?110n I l of the Ch8AritIL Aceoiints {SiOtland) Rcgul8tiolls 2(KJ6. An eianiinalioii llicludes a revi¢w of tlie ai.ifjUnting Tecora. kept by Ilie cl)arity and a coinparison of thc ac¥oiinls pr¥seiited with those r,{)ras. It &190 illcludes cDnsideratiOll of any unusllxl items or de.losi in thc 8icounLq. and Sebking ekplanations from you as trnSt¢es Collctrntllg any Subl) niallcrs. The pi'Oknedur¢s undcilak'on do not piovide all the evidellbe that would be required in an audil atld coiisequendy I do not txpress an audit opillioll on the view giTr'en by the aL¥Liiinls. Independent ¢xamlner'$ statement In ¢oJMJ¢¢lion with iiiy exEllnii)alioii, no nrteI bas come lo my aneniion . (l) wbich give5 me rcasonhble L4use to bclieve that, in )Y ntslerial r¢y¥t, the requir¥iii¢nts to keep accoiinting rec4)rds in aword&ne with Slxlion 44(1)(a) of the 2(M)S Act and Regulation 4 of the 2(KJ6 Accounts RegLilation%,' and to pr¢parkn akniounts wliich accord with the ai£ounliiig iecordb 8iid t() coi)Iply with Regulation 8 of the 2(K16 Accoiints Re8ulalion8 hav¢ not been ir¢t' or (2) to which, in my opinion, attention should be drawn in order to enable a proper understsnding of the aiL"01snlS to be rcached. Thoiiias Batric & Co LLP Atlantic Hoiifte l a Cadogdll Stre¢t CJ2 6QE 14 Augtist 2025 Page 3
BUDDIES OUT OF SCHOOL CARE STATEThiENT OF FINANCL4L ACTIVITIES for the 'ear ended 31 MARCH 2025 2025 Total funds 2024 Total fvnds Unre<triLted fLd RestriLI fwids Notes INCOME AND ENDOWMENTS FROM Donaliolls 2,740 Charitable AetiTrities Care of children 153,776 33,463 187,239 206,761 Inve_%ftii¢nt incolne 322 322 205 Total 154,098 33,463 187,561 209,706 EXPENDITURE ON Charitable activities Care of children 153.703 21,756 175.459 189,682 Other 906 34 940 Total 154.609 21,790 176,399 189,682 NET INCOMEI(EXPENDITURE) (511) 11,673 11,162 20,024 RECONCtLiATIOIN OF FUNDS Toial fuiids brought forw'ard 56,404 56,404 36,380 TOTAL FUNDS CARRIED FORWARD 55,893 11,673 67,566 The notes forrn part of the.se finanbial 8tateinenls Page 4
BUDDIES OUT OF SCHOOL CAR BALANCE SHEET 31 MARCII 025 2025 Tolal fill]ds 2024 Total funds UnTestTiclLxi fund Resttict¢d fimds Notes FIXED ASSETS Tangibl¢ abbels 17,346 17,346 21.549 CURRENT ASSETS Debtors Calh at bank and in hand 3,018 40.103 3,018 51,776 5.6S1 31.025 11,673 43.121 11.673 54,794 36.676 CREDITORS Aniouiits falling diie within one yC8T (4.574) (4,574) (I,821) I*ET CURRINT ASSETS 38.547 11,673 50.220 34,8$5 TOTAL ASSETS I.ESS CURRFNT LIABtLTTIES 55,893 11,673 67,566 56,404 ET ASSETS 55.893 11,673 56,404 Unregtricled funds R¢5triknfrd thnds 56.404 11,673 TOTAL FUNDS 67,566 56.404 The fiEiantiial stal¢iiients were approva by tlie Board of Truqtees and authori5cd for i18iie on 13 August 2025 ld signed on its bel)alf by: The nol¢s form part of the5c financial slHl6inci)Is Page 5
BUDDIES OUT OF SCHOOL CARE NOTES TO THE FINANCIAL sTATENTs for theear ended 31 MARCH 2025 AccouNfiNG POLICIES Basis of preparing the financial statements The full181 sl8ternents of the charity, whityh is a public benefit ¢ntity iwdvy FRS 102, have been prepared in accordaiiit with the Charities SORP (FRS 102) 'Aibounting and Reporting by Charities: Staleiiieiit of Reion]n]ended PraLtiit applicable to charities prepaTiiig their ai&OUllts in accordanie with the Flliancial Reporting Slandard applicable in the UK and Republic of Irelajid (FRS 102) (effective l January 2019),. Financi21 Reporting Standard 102 'The Finanbial Reporting Standard applicable in tbe UK SLlld Repiiblic of Irelaiid, aiid the CharitlL.8 and Tnistee Inveqtinent (Scotland) Act 2005. Tlie f)181 sl4it¥ii]ents have been prepared ULider the historic cost ¢oiiv¢ntLOII. Tjie prcsei)lalional ]d fillilonal CertY of tlie financial slal¢ments is Pounds Sterling (£). The cliarity bas taken advantage of tlie following disclosure e.Keii)ption in prepariiig thLse fii)anknial sialenients, as pennitted by FRS 102 'The Fin8ucial Reporting SIAndArd app]icable in the UK and Republic of Ireland,: the requircmenls of SeL-tion 7 Siat¢ment of Caqh Flows. Going Concern After reviewing the cbarity's foreu(INIs and projebtions, the ini£lee8 have a reabL)nable expcctalion that the charity has adt)pialt r¥souriiS to coiititku¢ in operdtiollal exiAlence for Ilie forexiable tllre. The chajity therefore continiieg to ailLlPt the going concern ba%is in preparing its financial stdl¢m¢llts. Critical ac¢ounting judgements and key sources of estirnation uncertainty In preparing di¢st finanla1 slaleIiieiit8, the Ttusleei are required to make judgein¢nts, estimaies and aNsuiiiptions that affttyl the appliualion of the Charity's aiiounting poliLies and th¢ reported amounts of a%sels. liabilities, incoiiie and expenskns. Actual resiilts inay differ from tliese eqlimalcs. Eftiiiialcs and underlying aysiuiiptions are reviewed on an ollgoing b&qis. R¢vAsioiis to tstiii)aleb are rekogni¥ed PfoSP¢Llively. TheTe are no SIlfiCallt judgenienls or estiniates used in the preparation of these a¢¢ounts. Income All iiiconie is recogni%ed in the Slal¥ment of Finantyial Activities once the charity has eDtitleinent to die fids, it is probable that the inbome will be received and the amoimt can be mea*ured reliably. Fee> Childcarc f¢¥% are rec.ogDis¢d in the period to which they relate. Fuudraisills Funds gtyIlLfdled frorn futNtraising activities ale Tecognised on Teceipt. Grants Grants are re¢ognised when the cbarity has been notified in writing of Ix)th the amount and settlejnent date. Grants are deferred if teniis or CL)nditliins Iniist be niet before the cliarity has entitleiiieiit to the re.¥ourc¢s. Expenditure Liabilities are reco71$ea as expendihwe &8 soon as there is a legal or constructive obligation COnnItting the clIAI"ity to that ¢xp¢nditure, it is probabl¢ that a transf¥r of econoiiiic benefits will be reqiiired in settlem¥nt and the aOllnt of the obligation can be nie&qiired reliably. Expenditure is ai.counlcd for on a¥cn)als basis ai)d has been cla%%ified under heaaings that aggregdle all cost related io th¢ ¢ategory. Wh¢r¢ COs1s cannot be direutly allributed to particular hiadings diey have been allo¥.alLd lo aclivilies on a babis COiiii%t¢iit with the use of re>ources. Tanglble fixed assets Depretyiatioii Ès provided at tiie followiiig anniial r(Ites ID order to write off eah &4set ower its e%linialed uRe.ful life. Iniprovements to property Plant and iliah1ery on cost Page 6
BUDDIES OUT OF SCHOOL CARE
NOTES TO THE FINANCIAL STATEMENTS - eODtinued
for the
ear ended 31 MARCH 2025
ACCOUNTING POLICtES - continued
Tangible fixed 8ss¢ts
Fixtures and fittings
Coniputer eqllipillent
2/ on cost
/U on cost
Only iteii)s which exieed £500, alld have an expecied useful life of more than l ycar, are capitalised and
cognistd on a historical cost b&%iq.
The carrying alUeS of tsngible fLxed asbe.ls are revied annually for impairment if evenis or clwiges in
¢ircuinKtan¥èS indicate the canying vali?¢s niay not bt reknokerable.
Taxation
The cliarity is exenipt fron) tax on ils cli2rilable a¥livities.
FuDd accounting
U]uestrict¢d fia9 can k used in acL-orJanc£ with tb¢ chaTilabl¢ objeitives at the discretion of the trustees.
Restricted funds tan only be used for Parti11[ re>trtriuted piirposLS Within the objevls of the charity. Re5tri¥tions
arise whtii specifiedby die donor or whLn funds Are rai8ed for particul rStrICtd purpose8.
Further explanation of the nalure and purpose of each fimd is included in the nol¢s tbe finallla1 statements.
Pension costs and other post-retirement benefits
The charity operdles a defllied tyoiitributioll penqion scheiiie. Contributions payable to the charitys pension
sclieiiie are charged to the Stultinent of Finaniial Activities in the period lo which they relale.
Financial In,struments
The Charity has fill]Cial a%
BUDDIES OUT OF SCHOOL CARE NOTES TO THE FLNANCIAL STATEMENTS- continued for the ear ended 31 MARCH 2025 TRUSTEES, REMUNEIL4TtON AND BENEFITS There were no truqlees, reiiiuner411ion or other benefils for the ycar ended 31 Marbh 2025 nor for the year ended 31 March 2024. Tru$te¢s' expenses There were no tnislees, eKpellqes paid for the year ended 31 March 2025 nor for the year ei)ded 31 Marknh 2024. STAFF COSTS The average nioiithly nwnber of employees during the year was as follows: 2025 2024 Teavhing & adtnin slAff No eniploy¢w5 received emolillnents in excess of £60.000. The chlty CotlderS its kry 11i2nag¥iiieiit pe.rsoiuiel eoinpriSub the Manager )d A%%i¥lant MaiiAger. The total employment btiiefil.q, including ejllployer p¢Jbion coJJtribution8, of the key n]Allage.nient persomiel wer¢ £55,610 (2n24: 54,215). COMPAR4TtVES FOR THE STATEIIqENT OF FINANCIAL ACTIVITIES Unre%triLltd fLmd Restricted nds Total nds INCOME AND ENDOWMENTS FROM Doijatiolls 2,740 2.740 Charitable actiTritles Care of childttn 192,445 14,316 206,761 Investineiit iniome 205 205 Tot 195.390 14,316 209,706 EXPENDI'I'URE ON Charitable activitits Car¢ of children 181.511 8,171 189.682 NET INCOME Tran%fers between funds 13,879 6,145 6,145 (6,145) 20.024 Net movement fin funds 20.024 20.024 RECONCILIATION OF FUNDS Total fLuids brought forward 36,780 36.380 TOTAL FUNDS CARRIED FORWARD 56,404 Page 8
BUDDIES OUT OF SCHOOL CARE NOTES TO THE FINANCIAL. STATEMENfs- eonÉinued for the ear ended 31 MARCH 2025 TANGIBLE FIXED ASSETS Iiiiprovements to property FIXtt aiid fittiugs Plant and macliiDery Compuler eliuipnient Tolals COST At l April 2024 And 31 Mar¢h 2025 29,403 4,0?2 33,435 DEPRECIATION At l April 2024 Charge for year 1,184 (1,184) 1,523 (1,523) 7,109 2,070 1,021 11,886 4,203 At 31 Marbh 2025 12.998 3,091 16,089 NET BOOK VALUE At 31 MarLlI 2025 16,405 941 17.346 At 31 March 2024 (1.184) (l.523) 22.294 1,962 21.549 DEBTORS: Amouwfs FALLING DUE WITHIN ONE YEAR 2025 2024 TTaJe debtors Other debtors GCVS Debtor Prepa)qii¢uts 1,402 200 1,036 380 1.734 2,212 1.342 363 3,018 5,651 CREDITORS: IlMOIJNfs FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 4,574 1,821 MOVEMENT IN FUNDS Net rnoveiiient in fidS At 31.3.25 At 1.4.24 Unrestricted funds Gen¢ral ftTnd 56,404 (511) 55,893 Restrlcted funds Awards for all 11,673 11,673 TOTAL FUNDS 56,404 11.162 67,566 Page 9
BUDDIES OUT OF SCHOOL CARE_
NOTES TO THE FINANCIAL ST_ATEMENTS - conthiued
for the
ear ended 31 MARCH 202S
MOVEMENT IN FUNDS - continued
Net movenient in fui)ds. included in tlie abDve are as follows..
Incoming
ResLiiirccs
eKpend¢d
Movement
in funds
resL>ufie>
Unrestrieted funds
Geiieral fund
154,098
{154,609)
(511)
Restrl¢ted funds
Are& Parth¢r
BIJDDIES OUT OF SCHOOL CARE NOTES TO THE FLYANCIAL STATEMENTS- continued for the e2r ended 31 MARCH 2025 MOVEMEKf IN FUNDS- continued Glasgow City Council Area Parthership Fund to be spent on equipnient, toys and games for the Children. Awards For All to be spellt on provi%ioD of parent & toddler Café for one y¢ar from December 2024. Foundation Scotland Grant fimding to be spent on cooking lex4ons and ex¥llS1ons. io. RELATED PARTY DISCLOSURES There were no related party tran*ai-tions for the ycar ended 31 Marcli 2025. Pagell
BUDDIES OUT OF SCHOOL CARE DETAILED STATEMENT OF FINANCIAL ACTIVITIES for theyear ended 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations Doiiatiolls 2,740 Investment hncome Depo8lt acuount Interst 322 205 Charitable aetivities FeLS receivable Graiit- GCC - Eqiiipnient GCC - Area Partnership Grant Grant- Foundation Suoiland Graiit- GCC New Preiiiises Awatds for all 153,776 126,393 2,012 9.316 5,000 64,040 8,463 ,000 20.000 187,239 206.761 Total illeomlng resources 187,561 209,706 EXPENDITURE Charitable activities Wag¢b Sovial setyUTity P¢nsiolls Relit & rates 104.594 982 1,763 2.670 438 10,287 2,957 92,433 21 1,445 515 Light and heat Telephone & iulem¢t cbarg¢s Adverti%ing Food 8Iid related knoqls Holiday progr1nn]e and outings Repl£ement equipinent SubSi.riptious ]d m¥inb¢rships T Shirts aiid unifornis #l Toys,gklllles & other conslimables Siaff travel Propety repairs & n)aintC1llCe 2,615 181 4,984 756 5,662 iio 3£8 3,910 369 54,864 8,462 1,589 10.270 350 65 5,946 797 10,367 161.537 173.278 Support costs Management ikproveiiienLs to propety Plant and Iiiabhinery FixtllrLS and fittings Coii)puler equipnient (1,184) (1,523) 5,889 1.021 1,184 1.523 4.292 4203 8.329 This page does not fonn part of the sts}lOry fLnanknial slalenitnts Page 12
BUDDtES OUT OF SCHOOL CARE DETAiLED STATEMENT OF FINANCIAL AcfiviTIES for the ear ended 31 MARCH 2025 2025 2024 Management Human resources Payroll f¢ti* Profc%4iotl fees 1,218 1,848 1,054 2.623 3.066 3,677 Other Printing and btationery Suiidri¢s Photocopying Pobiage 149 6,026 458 60 29 3,423 158 32 6,693 3.642 Governance costs Ai¢.ounl<illvy 900 756 Total r¥iources expended 176,199 189,682 Net income 11,162 20.024 This page does not forni part of the 5tatLltory finaiicial statetnenls Page 13