REGISTERED CHARITY Tr4UMBER: SC024405 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21124 FOR CARNWADRIC AFTER SCHOOL CARE Martin Aitken & Co Ltd ChaTtered Accountants Caledonia House 89 seal7rd Str¢¢t Glasgow G41 IHJ
CARNWADIUC AFTER SCHOOL CARE CONTF.NTS OF THF. FINANCIAI. STATEMENTS FOR THE YEAR ENDED 31 f*iARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Attivities Balance Sheet Notes to the Finaneial Statement$
CARNWADRIC AFTER SCHOOL CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21124 The tru%te&% present their report with the financial 8tatements of the charity for the year ended 31 March 2024. The trustees have adopied the provisions of Accounting and Reporting by Charities.. Statement of Recoinmended Practice applicable to charitics prcparing thcir accounts in accordancc with thc Financial Rcporting Stsndard applicablc in thc UK and R¢public of Ir¢land (FR8 102) Icffcctivc l January 20191. OBJECTIVES AND ACTIVITIES Objectives and Activities The main objective5 of the charity are to provide:_ A safe and stimulaiing environmenl where sch] age children can be cared for enabling parents lo conlinu&lrelurn tLI iyork. education or training. recognising that priority must go tLI single parents. Childcare facilities for parents during illness or stress. A warm homely atmosphere with a programme of activities in which education through play can be offered to Children. ACHIEVEMENT AND PERFORMANCE Charitable aCtItieS Welcorne to the annual report for Carnwadric After School Service. -4c¢ouiit ALLuunis' have remained sieady we have manaued io illLTeabe the funds in the Business Curreni aLLouni ihis is due Claire the Manager having arranged paymenl plans wilh some ofihe parent's, so we have gaihered in more owed fees. W¢ hav¢ continu¢d to provid¢ good trips durillg our summ¢r club whi¢h has LK¢n at a high¢r Cost for ¢oach¢s and ¢ntrics to the trip destinations, the trips really please the parents so this will continue.we have upgraded to} and gaming consoles over the summer period. We gave a Chri8tma%lct>st of living bonus to %taff November payday 2023 as the staff had never had any cost of living paynent from the service and helped to boost staff morale. HR Company Coniinuc to use Peninsula as a supportive HR Company, the contact we are tied intl) lasts 3 years so we can look at perhaps changing going into 2025. Serwce Manager DuTin¥ 2024 the Sen'ice Managet continues tu provide competent anil PTulessiunal delivety of care wliich benefits the service. Wotking with the committee, the aim is to pi'ovide a safe and fun environment lor the Lhildren, a fair staft- working environment and a service parents are happy to pay for. The Service Manager continues to make noticeable changes to the service such as employing a senior play worker who can stand in as a lead when the services manager has arranged leave. Care inspeetorates Visit From the last caie inspectorate visit 2023 the oveiall SLOTe was go(d and PTevious iecomnieiidations have all beei) Inet and iinproved. Since the labt inspection 3 staff have completed their SVQ lei'el 3and are now qualified staff members. AGM Mectlng A% paTt of the charity organisation, there need to be AGM'S for parents and carers. An AGM was held in 2024 which kept family ]d ce[S informed of the continuing progress of the service and all questions froin partntslcarers answered by Staff. Also, good Feedback received from the parents regarding out sunimer organised trips and the general improvement in the service has been noticed. Page I
CARNWADRIC AFTER SCHOOL CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21124 FINANCL4L REVIEW Financial positio Th¢ Statcmcnt of Financial Activitics shows a surplus of £12,387 {2023 £24.154}. Resen'es policy Thc Icvcl of rc%crvcs held at 31 March 2024 amountcd tn £RI,151 12023 £68,764}- Thc trustccs hclicvc that thi8 Icvcl af reserves provides an acceptable capital base from which the charity can operate. FUTURE PLANS The charity intends to eontinue with its the delivery of childcare - fwusing on supporting parents to continue or return to WL)rk, education and training wilh a priority given to single parents. We continue to focus on the providing a safe, ¢ducaiional and w¢l¢oJning ¢nvironm¢nt for th¢ childrcn. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure Governance and Management The charity was registei'ed on 4 December 1985 and 15 contTolled by it5 goveTning document, the constitution and constiteS an unincorporated as5(Kiativn. The trustees of the charity are elected annually at the AGM and are listed below. The existing trustees are familiar with the work of the charity, induction and training of new trustees is carried out by the existing irustees of ihe charity. The chaiity is a Voluntary sector project und it is run by a mand¥ement cominittee of user parents. REFEREiNCE AND ADMINISTIL4TIVE DETAILS Registered Charity number SC024405 Independenl Examiner Manin Aitkeii & Co Ltd Chartered Accountants Caledunia House 89 Seawaid Street Glasgow G41 IHJ Approved by order of the board of irustees on 27 February 2025 and signed on irs behalf by.. Trusiee Pagc 2
1Tr4DEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF CARNWADRIC AFTER SCHOOL CARE I rcport on thc account% for thc ycar cndcd 31 March 2024 sct out on pagcs four to clcvcn. Respective re8ponsibilities of trustees and ¢xaminer The chariils trustees are responsible for the PTeparalion of the accounts in accordance with the terms of the Charitie.% and Trustee Investment IScoiland} Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as ainended). The charitys trustccs considcr that thc audit Tcquircmcnt of R¢ilatIOn 101 I l{a) to (cl of th¢ Accounts Rcgulations docs not apply. It is my rcsponsibility to ¢xaminc th¢ ac¢ount8 as rcqiiircd iind¢r 8c¢tion 4411 l{cl of th¢ Act and to %tatc whcthcr particular rnatt¢rs have come to my attet]tion. Basis of the independent examiner's report My examination was carried our in acLordan¢e with Regulation I l of the c.harities 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 al80 includes consideration of any unu%ual items or disclosiire% in the accounts, and 8e£king explanation5 from you as trustees concerning any such matters. The procedure5 undertaken do not provide all tlie rydence that Th'ould 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 ct)nnectian '1th my examination, no matter has come to my attention I l) which gives me reasonable cause to believe that, in any material respect. the requirements to keep accaiinting records in ac¢ordan¢e with Section 44(1){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and to prepare accounts Mthicli accord with tlie accounting record5 and to comply with Re¥ulation 8 of tlie 2006 Accounts Rcgulations have not been met,. or 12) to which, in my opinion, attention %hould be drawn in order to enable a proper under%tanding of the accounts to be reached. Martin Aitkcn & Co Ltd Chartered Accountants Caledonia House 89 Scaward Strcet Glasgo. G41 IHJ 27 February 2025 Pagc 3
CARNWADRIC AFTER SCHOOL CARE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 21124 2024 Unrestricted fuDds 2023 Total funds Notes INCOME FROM Donations and legacies 4.200 Charitable actItieS Child¢are Provision 5.000 5,186 Other trading activities Investment income 1¥4,4VII 217 167,155 34 Total 189,617 176,575 EXPENDITURE ON Charitable actItICS Childcaie Pltsvibion Support Cost5 170,534 6,696 148,338 4,083 Total 177,230 152,421 NET INCOME 12,387 24,154 RECONCILIATION OF FUNDS Total fidS brought forivard 68,764 44,610 TOTAL FUNDS CARRIED FORWARD 81,151 68,764 The noies form part of these financial statements Page 4
CARNWADRIC AFTER SCHOOL CARE BALANCE SHEET 31 MARCH 2024 2024 Total fund$ 2023 Total fund$ Notes CURRENT ASSETS Debtors Cash at bank 25,613 64,435 16,523 63,916 90,048 80,439 CREDITORS Amounts falling dlle within one year (8,897) (11,675) NET CURRENT ASSETS 81,ISI 68,764 TOTAL ASSETS LESS CURRENT LIABILITIES 81.151 68,764 NET ASSETS 81,151 68,764 FUNDS Unrc8tri¢ted ftinds 10 81,151 68,764 TOTAL FUNDS 81,151 68,764 Th¢ financial statcm¢nts wcr¢ approv¢d by thc Board of Triist¢cs and authoriscd for issu¢ on 27 Fcbniary 2025 and wcr¢ signed on its behalf by.. The noies form part of these financial ststements Page 5
CARNWADRIC AFTER SCHOOL CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21124 ACCOUNTING POLICIES Basis of preparing the financial st&tement$ Th¢ financial statcm¢nts of th¢ charity, which is a publi¢ kncfit cntity undcr FR8 102, hav¢ LKcn pr¢parcd in accordaiice with the Ch'it1¢S SORP (FRS 1021 'Accouiiting and Reporting by Cliarities.. Statement of RecoTnmet]ded Practice applicable to cliaiitie5 piepaiin¥ their accounts iii accordance with the Financial Reportinb Standard applicable in the UK and Republic of Ireland IFRS 1021 {elYective l January 20191,. Financial Reporting Standard 102 'The Financial RepoTting Standard applicable in the UK and Republic of Ireland, and the Chariti&% and Trustee Investment (Scotlandl Act 2005. The financial Statements have been prepared under the historical cost convention. Assets and liabilities are inilially recognised ai historical cosl or transaclion value Liiherwise slated in the relevant accounting policy notes. The financial statements are presented in Sterling {£}. Golng eoncern The financial siaiemenis have been prepared on a going concern basis, which the trustees klieve to be appropriate for the reasons set out in the Tru5tees' Report. Financial instruments The company only enters into basic financial instruments transactions tliat result in the recobFnition of financial assets and liabilities like trade and other accounts receivable and payable. Debt instruinents like otheT account5 receivable and payable are initially Ineasured at present value of the future Pdsqnents and subsequently dt ainortisal cost usin¥ the eftective interest ieth. Debt iiistruinents thdt dTe PLiYdble 01 receiiiable within one year. typically trade debtorb and trade creditors, are measuied, initially and subs4uently, at the undiscounted amouni of cash or other consideration expected to be paid or received. Financial absetb Ineagured at cost and amortised cost are assessed at the end of each reporting period for ewidence of irnpairinent and if found. an impairnieni loss is recognised in profit or loss. Financial liabilitics arc dcrccogniscd whcn thc liability is cxtinguishcd, that is whcn th¢ contractyal obligation is discharged. cancelled or expires. Cash and cash equii'alents includes ¢ash in hand, deposits held at ¢all i1th banks, other short-tem highly liquid investments with original maturities of three months or le.%s and bank oveTdraft%. Bank overdrafts, when applicable, are showi within bOolgS in current liabilities Incomc All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fvnds, any p¢rformancc ¢ondition5 atta¢h¢d to th¢ incom¢ havc b¢cn mct, it is probabl¢ that thc incomc will b¢ rcccivcd and thc amount can be ineasuTed reliably. Income from government and other grants, whether'capital. grants or 'revenue' grants, is recognised when the ¢hariiy has entitlement to the funds, ally performance condition% attached to the grant% have been met, it is probable that the income Mqll be rec£ived and the aniount can be measured reliably and is not defted. Oth¢r r¢vcnu¢ strcams arc r¢cognis¢d whcn thcr¢ is an understanding of thc tcrms to both partics and th¢ charity has invoiced the appropriate entity. In tlie event that a service is subject to conditions that requiTe a level of performaiice before the charity is entitled to fvnds, the incoTne is deferred and not recogFnised until either those conditions ale fully met or the tullilmth)t ot. those Londitiuns is ivholly witl)in the cot)trol of the chaiity and it is piobable that those condition% will bc lfilled in thc reporting pcriod. Pagc 6 continucd...
CARNWADRIC AFTER SCHOOL CARE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 21124 ACCOUNTING POLICIES- contlnued Expenditure Liabiliti¢% arc r¢cogniscd as ¢xp¢nditurc as SLK)n a8 thcrc is a Icgal or ¢onstrllctiv¢ obligation committing th¢ charity to that expenditure, it is probable that a transfer of econornic benefits will be required in settleTnet]t and the aniount of the obli¥Fation can be measured reliably. Expendituie is accounted for on an accruals basis aiid has been classified under headings that aggregate all cost related to the categoiy. Where costs cannot be directly attributed tts particular headings they have been allocated to activities on a basi% consistent Mqth the u%e of resources. Charitable actitieS Costs of charitable activities are incurred by the charity to raise fiinds foT Its charitable purposes and includes costs of all fundraising activities. events and non-charitable trading. Allocation and apportionment of costs Where possible expenditure is allocated directly to an activity. Items of expenditure Mthich Contribute to more than onc activity arc appoTtioncd on a rcasonablc, ju8tifiablc and con.%i8tcnt basis. Support costs which are not attributable to a single activity but rather provide the orgonisational infrastru¢ture that enables output producing activities to take place are allocated on the same basis as expenditure incurred directly in undertaking an activity. Tangible fixed assets Depreciaiion is provided ai the following annual rates in order io write off each asset over its estimated useful life. Compiitcr cquipmcnt 20Q/o Straight linc TanbFible fixed assets are stated at Cost less accumulated depreciation and accumulated Impairment losse5. Impairmcnt of non-financial asscts At cach rcporting datc non-financial asscts not carri¢d at fair valuc, likc plant and cquipm¢nt, arc rcvicwcd to d¢t¢rminc whcthcr th¢r¢ is an indication that an ass¢t may k impair¢d. If tli¢r¢ 1% an indication of pos8ibl¢ impairment, the recoveTable amount which 15 the higher of value in use and the fair value less cost to sell, estimated and compared with the carrying amount. If ihe recoverable amount is lower, the carrying amount of the a8set is reduced to its recoverable amount and an impairment 10$8 is rwognised immediately in profjt and 108S. TAxation The charity exempt from tax on its charitable activiti&%. Fund aeeounting Unrestiicted funds tan be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for pariicular restricted purposes within the objects of the charity. Restricrions arise when specified by the dunor or when funds are rdised for particulai restricted PUTposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid linder operatin¥ leases are charbTed to the Statement of Financial Activities on a straibTht line basis over the period of the lease. Penslon eosts and other post-retlrement beneflts The charitv operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Fit]ancial Activities in the period to which they relate. Pag¢ 7 continucd...
CARNWADRIC AFTER SCHOOL CARE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 21124 ACCOUNTING POLICIES- contlnued Judgements Th¢ ¢ompany consid¢r8 on an annual ba%is thc jiidgcmcnts that arc madc by managcmcnt wh¢n applying its sigt]ificant accounting policies that would have the most significant effect ot] amounts that are recogllised in tlie financial statements. The Trustees consider there ale no such Sislficant jud¥ement&. PrOls10S Provisions are re¢ognised when the Company has a legal or constructive obligation at the reporting date a resuli of a past event, it 1% probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle tlie obligation at the reporting date. OTHER TRADING ACTIVITIES 2024 2023 184,400 167,155 INVESTMENT INCOME 2024 2023 Bank inteie5t ieceivable 217 34 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year elided 31 March 2023. STAFF COSTS 2U24 2023 Wages and Salaries Social sc¢urity costs Other pension costs 137,939 7,934 1.526 113,931 6,228 573 147,399 120.732 The average monthly number of employees during the year was as follows.. 2024 2023 Support staff No employees received emoluments in excess of £60,O(M). Pagc 8 continucd...
CARNWADRIC AFTER SCHOOL CARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 21124 COMPARATIVES FOR THE STATEMENT OF FINANCL4L ACTIVITIES Unrestricted fund5 INCOME FROiIC Donations and legacies 4,200 Charitable aCtitieS Childeare Provision 5,186 Other trading activities Investment income 167,155 34 Total 176,575 EXPENDITURE ON Charitable actii'ities Childcare Propision Support Costs 148,338 4,083 Total 152,421 NET INCOME 24,154 RECONCILIATIOF4 OF FUNDS Totsl funds broU]t forward 44,610 TOTAL FUNDS CARRIED FORWARD 68,764 TANGIBLE FIXED ASSETS Computer equipment COST At l April 2023 and 31 March 2024 42.000 DEPRECIATION At l April 2023 and 31 March 2024 42.000 LYET BOOK VALUE At 31 March 2U24 At 31 March 2023 Pag¢ 9 continucd...
CARNWADRIC AFTER SCHOOL CARE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALLif4G DUE WITHIN ONE YEAR 2024 2023 Trade debtors 25,613 16,523 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxalion and social security Other creditors 5,155 3,742 4,047 7,628 8,897 11,675 10. MOVEMENT IN FUNDS Net moi'ement in fund5 At 3113124 At 114123 Unrestricted fllnd5 Gencral fund GCC 64.564 4,200 1&587 (4.200) 81.151 68,764 12,387 81,151 TOTAL FUNDS 68,764 12,387 81,151 Net movement in thnds, inclllded in the above are as follows.. Jneomln Resourees expended P*lovement ITh funds resource5 Unrestricted funds Generdl lund GCC 189,617 {173,030) (4,200) 16,587 (4,200) 189,617 {177,230) 12J87 TOTAL FUNDS 189,617 {177.230) 12J87 Pagc 10 continucd...
CARNWADRIC AFTER SCHOOL CARE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 21124 io. MOVEMENT IN FUNDS- eontinued Comp8rAtives for movement in funds Net movement in fund5 At 3113123 At 114122 Unrestricted fund5 General fund GCC 44,610 19,954 4,200 64,564 4,200 44,610 24,154 68,764 TOTAL FUNDS 44,610 24,154 68,764 Comparative net mowement in funds, included in the aLx)ve are as follows= Incoming resources Resources expended Moi'ement in funds Unrestricted funds General lund CJCC 172.375 4,200 {152,421) 19,954 4,200 176,575 {152,421) 24,154 TOTAL FUNDS 176,575 {152,421) 24,154 RELATED PARTY DISCLOSURES There were no Telated party transactions for the year ended 31 March 2024. Pagcll