REGISTERED CHARITY NUMBER: SC024377
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
St Mirins Out of School Club
AMAS Murrison Limited Chartered Accountants 10 Newton Terrace Charing Cross Glasgow G3 7PJ St Mirins Out of School Club
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
| Report of the Trustees for the | |
| Year Ended 31 March 2025 |
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC024377
Independent Examiner
AMAS Murrison Limited Chartered Accountants 10 Newton Terrace Charing Cross Glasgow G3 7PJ
St Mirins Out of School Club
Approved by order of the board of trustees on 2 May 2025 and signed on its behalf by:
Page 1
Independent Examiner's Report to the Trustees of St Mirins Out of School Club
I report on the accounts for the year ended 31 March 2025 set out on pages three to nine.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Simon Murrison
The Institute of Chartered Accountants of Scotland
AMAS Murrison Limited Chartered Accountants 10 Newton Terrace Charing Cross Glasgow G3 7PJ
27 May 2025
Page 2
Statement of Financial Activities
for the Year Ended 31 March 2025
| Notes | 31.3.25 | 31.3.24 | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| £ | £ | £ | £ | ||
| 2 | |||||
| INCOME AND ENDOWMENTS FROM | 128,222 | 151,840 | 280,062 | 246,423 | |
| Voluntary Income | |||||
| 636 | - | 636 | 575 | ||
| Investment income | 629 | - | 629 | 738 | |
| Other income resources | |||||
| 129,487 | 151,840 | 281,327 | 247,736 | ||
| Total | |||||
| EXPENDITURE ON | |||||
| Charitable activities | - | 112,752 | 112,752 | 84,032 | |
| Access to Childcare Project | 133,713 | - | 133,713 | 144,672 | |
| Out of School Club | |||||
| 133,713 | 112,752 | 246,465 | 228,704 | ||
| Total | |||||
| NET INCOME/(EXPENDITURE) | (4,226) | 39,088 | 34,862 | 19,032 | |
| Transfers between funds | 8 | 6,980 | (6,980) | - | - |
| Net movement in funds | 2,754 | 32,108 | 34,862 | 19,032 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 102,183 | 53,246 | 155,429 | 136,397 | |
| 85,354 | |||||
| TOTAL FUNDS CARRIED FORWARD | 104,937 | 190,291 | 155,429 |
St Mirins Out of School Club
The notes form part of these financial statements
Page 3
St Mirins Out of School Club
Balance Sheet
31 March 2025
| Balance Sheet 31 March 2025 |
|||||
|---|---|---|---|---|---|
| 31.3.25 | 31.3.24 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | 5,581 | 4,681 | 10,262 | 13,749 |
| CURRENT ASSETS | |||||
| Debtors | 6 | - | - | - | 47,004 |
| Cash at bank and in hand | 100,909 | 106,572 | 207,481 | 95,359 | |
| 7 | 100,909 | 106,572 | 207,481 | 142,363 | |
| CREDITORS | |||||
| Amounts falling due within one year | (1,553) | (25,899) | (27,452) | (683) | |
| NET CURRENT ASSETS | 99,356 | 80,673 | 180,029 | 141,680 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 104,937 | 85,354 | 190,291 | 155,429 | |
| NET ASSETS | 8 | 104,937 | 85,354 | 190,291 | 155,429 |
| FUNDS | |||||
| Unrestricted funds | 104,937 | 102,183 | |||
| Restricted funds | 85,354 | 53,246 | |||
| TOTAL FUNDS | |||||
| 190,291 | 155,429 |
The financial statements were approved by the Board of Trustees and authorised for issue on 2 May 2025 and were signed on its behalf by:
The notes form part of these financial statements
St Mirins Out of School Club
Page 4
Notes to the Financial Statements
for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Income resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on Reducing balance Plant & Machinery - 25% on Reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 636 | 575 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
continued...
Page 5
St Mirins Out of School Club
| Notes to the Financial Statements-continued | Notes to the Financial Statements-continued | |||
|---|---|---|---|---|
| for the Year Ended 31 March 2025 | for the Year Ended 31 March 2025 | |||
| 4. | STAFF COSTS | |||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Wages and salaries | 195,427 | 183,123 | ||
| Social security costs | 8,109 | 6,849 | ||
| Other pension costs | 3,460 | 3,064 | ||
| 206,996 | 193,036 | |||
| The average monthly number of employees during the year was as follows: | ||||
| 31.3.25 | 31.3.24 | |||
| Total Staff | 14 | 14 | ||
| DEPRECIATION | 2,104 | |||
| At 1 April 2024 | 14,860 | 590 | 16,964 | |
| Charge for year | 2,897 | 3,487 | ||
| 2,694 | ||||
| At 31 March 2025 | 17,757 | 20,451 | ||
| NET BOOK VALUE | 1,572 | |||
| At 31 March 2025 | 8,690 | 2,162 | 10,262 | |
| At 31 March 2024 | 11,587 | 13,749 | ||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Other debtors | - | 47,004 | ||
| No employees received emoluments in excess of £60,000. | ||||
| 5. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| Plant and | and | |||
| machinery | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 26,447 | 4,266 | 30,713 |
continued...
Page 6
St Mirins Out of School Club
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 8.
| 8. | 31.3.25 | 31.3.24 | 31.3.24 | ||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Trade creditors Other creditors |
825 26,627 |
- 683 |
|||||
| 27,452 | 683 | ||||||
| Net | |||||||
| MOVEMENT IN FUNDS | movement | ||||||
| At 1.4.24 | in funds £ |
Transfers between |
At | ||||
| £ | (4,226) | funds £ |
31.3.25 £ |
||||
| Unrestricted funds | |||||||
| General fund | 102,183 | 6,980 | 104,937 | ||||
| Restricted funds | |||||||
| Access to Childcare Fund | 39,088 | ||||||
| 53,246 | |||||||
| (6,980) | 85,354 | ||||||
| TOTAL FUNDS | 155,429 | 34,862 | - | 190,291 | |||
| Net movement in funds, included in the above are as follows: | |||||||
| Resources | |||||||
| Incoming resources |
expended £ |
Movement in funds |
|||||
| £ | £ | ||||||
| Unrestricted funds General fund |
129,487 | (133,713) | (4,226) | ||||
| Restricted funds | |||||||
| Access to Childcare Fund | |||||||
| 151,840 | (112,752) | 39,088 | |||||
| TOTAL FUNDS | 281,327 | (246,465) | 34,862 | ||||
| 8. | MOVEMENT IN FUNDS - continued |
continued...
Page 7
St Mirins Out of School Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | |||
| At 1.4.23 | in funds | funds | ||
| £ | £ | £ | At | |
| Unrestricted funds | 31.3.24 | |||
| General fund | 112,170 | (10,869) | 882 | £ |
| Restricted funds | 102,183 | |||
| Access to Childcare Fund | ||||
| 24,227 | 29,901 | (882) | ||
| - | 53,246 | |||
| TOTAL FUNDS | 136,397 | 19,032 | ||
| 155,429 | ||||
| Comparative net movement in funds, included in the above are as follows: | ||||
| Resources | ||||
| Incoming | expended | |||
| resources | £ | |||
| Unrestricted funds General fund |
£ 133,803 |
(144,672) | Movement in funds £ |
|
| Restricted funds | (10,869) | |||
| Access to Childcare Fund | ||||
| (84,032) | ||||
| 113,933 | ||||
| (228,704) | 29,901 | |||
| TOTAL FUNDS | 247,736 | 19,032 | ||
| A current year 12 months and prior year 12 months combined position is as follows: | A current year 12 months and prior year 12 months combined position is as follows: Transfers |
|||
| Net | between | |||
| movement | funds | |||
| Unrestricted funds | At 1.4.23 £ |
in funds £ |
£ 7,862 |
At 31.3.25 £ |
| General fund | 112,170 | (15,095) | 104,937 | |
| Restricted funds | ||||
| Access to Childcare Fund | (7,862) | |||
| 24,227 | 68,989 | - | 85,354 | |
| TOTAL FUNDS | 136,397 | 53,894 | 190,291 |
continued...
Page 8
St Mirins Out of School Club
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| follows: | ||||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 263,290 | (278,385) | (15,095) | |
| Restricted funds | ||||
| Access to Childcare Fund | ||||
| 265,773 | (196,784) | 68,989 | ||
| TOTAL FUNDS | 529,063 | (475,169) | 53,894 | |
| 9. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 March 2025.
Page 9
St Mirins Out of School Club
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Voluntary Income | ||
| Donations | 720 | 750 |
| Grants | 151,840 | 114,431 |
| Subscriptions | 127,502 | 131,242 |
| 280,062 | 246,423 | |
| Investment income | ||
| Deposit account interest | 636 | 575 |
| Other income resources | ||
| Other income | 629 | 738 |
| Total incoming resources | 281,327 | 247,736 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 195,427 | 183,123 |
| Social security | 8,109 | 6,849 |
| Pensions | 3,460 | 3,064 |
| Insurance | 853 | 941 |
| Telephone | 1,129 | 1,095 |
| Postage and stationery | 248 | - |
| Sundries | 879 | 506 |
| Travel/trips | 7,045 | 5,070 |
| Refreshment and snacks | 4,953 | 6,058 |
| Rent | 5,869 | 5,524 |
| Material | 6,854 | 7,442 |
| Staff training | 393 | 850 |
| Staff uniform | 686 | 230 |
| Lottery | 1,495 | 1,755 |
| Medical cost | 1,072 | 64 |
| Computer costs | 187 | - |
| Cleaning | 188 | - |
| 238,847 | 222,571 | |
| Support costs | ||
| Information technology | ||
| Repairs and renewals | 1,223 | - |
| Finance | ||
| Plant and machinery | 2,897 | 3,863 |
| Fixtures and fittings | 590 | 590 |
Page 10
St Mirins Out of School Club
| Detailed Statement of Financial Activities | Detailed Statement of Financial Activities | ||
|---|---|---|---|
| for the Year Ended 31 March 2025 | |||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Finance | |||
| Governance costs | |||
| Accountancy and legal | fees | 2,908 | 1,680 |
| 3,487 | 4,453 | ||
| This page does not form part of the statutory financial statements | |||
| Total resources expended | 246,465 | 228,704 | |
| Net income | 34,862 | 19,032 |
Page 11
St Mirins Out of School Club
This page does not form part of the statutory financial statements
Page 12