**REGISTERED CHARITY NUMBER: SC024405**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **CARNWADRIC AFTER SCHOOL CARE**
89 Seaward Street Glasgow G41 1HJ
Armstrong Watson LLP Caledonia House
**CARNWADRIC AFTER SCHOOL CARE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**||12||
**CARNWADRIC AFTER SCHOOL CARE**
## **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 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Activities**
The main objectives of the charity are to provide:-
A safe and stimulating environment where school age children can be cared for enabling parents to continue/return to work, education or training, recognising that priority must go to 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.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
Welcome to the annual report for Carnwadric After School Service.
## **Committee**
There is no change to the committee members: Aileen Little as Chairperson, Charlene Gregory as Treasurer and Ashley Hamilton as Secretary. The priority of continuing as committee members was to ensure the continuous support for the service manager, staff and service users.
## **Account**
Accounts have remained steady. We have managed to increase the funds in the cash management account which is due to Claire, the Manager, having arranged payment plans with some of the parents so we have gathered in more owed fees.
As previous years our highest expense is our trips during summer which have been at a higher cost for coaches and entries to the trip destinations. The trips really please the parents and kids so this will continue. We have upgraded toys and costs for snacks have increased this year with food prices rising.
We continued with a Christmas bonus to staff through payroll on November payday as we feel this has helped to boost staff morale.
## **HR Company**
We continue to use Peninsula as a supportive HR Company. The contract we are tied into lasts 3 years so we can look at perhaps changing going into 2025.
## **Service Manager**
During 2025 the Service Manager continues to provide competent and professional delivery of care which benefits the service. Working with the committee, the aim is to provide a safe and fun environment for the children, a fair staff working environment and a service parents are happy to pay for. The Service Manager continues to make noticeable changes to the service.
## **Care Inspectorate Visit**
From the last care inspectorate visit in March 2025 the overall score was increased from Good to Very Good with no recommendations or requirements needed.
## **AGM Meeting**
As part of the charity organisation, there needs to be an AGM for parents and carers. An AGM was held in 2024/25 which kept family and carers informed of the continuing progress of the service and all questions from parents/carers answered by staff. Also good feedback received from the parents regarding out summer organised trips.
Page 1
**CARNWADRIC AFTER SCHOOL CARE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **FINANCIAL REVIEW**
## **Financial position**
The Statement of Financial Activities shows a surplus of £9,988 (2024 - £12,387).
## **Reserves policy**
The level of reserves held at 31 March 2025 amounted to £91,139 (2024 - £81,151). The trustees believe that this level of reserves provides an acceptable capital base from which the charity can operate.
## **FUTURE PLANS**
The charity intends to continue with its the delivery of childcare - focusing on supporting parents to continue or return to work, education and training with a priority given to single parents. We continue to focus on providing a safe, educational and welcoming environment for the children.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Structure, Governance and Management**
The charity was registered on 4 December 1985 and is controlled by its governing document, the constitution and constitutes an unincorporated association.
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 trustees of the charity.
The charity is a voluntary sector project and it is run by a management committee of user parents.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
SC024405
## **Principal address**
St.Vincent's Primary School 40 Crebar Street Glasgow G46 8EQ
## **Trustees**
A Little C Gregory A Hamilton
## **Independent Examiner**
Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ
Approved by order of the board of trustees on 9 December 2025 and signed on its behalf by:
C Gregory - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARNWADRIC AFTER SCHOOL CARE**
I report on the accounts for the year ended 31 March 2025 set out on pages four to eleven.
## **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.
Gavin Curr FCCA
The Association of Chartered Certified Accountants
Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ
9 December 2025
Page 3
**CARNWADRIC AFTER SCHOOL CARE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**2025**
**Unrestricted**
**funds**
**Notes**
**£**
**INCOME FROM**
**Charitable activities**
Childcare Provision
**5,000**
Other trading activities
2
**187,399**
Investment income
3
**295**
**Total**
**192,694**
**EXPENDITURE ON**
**Charitable activities**
Childcare Provision
**180,483**
Support Costs
**2,223**
**Total**
**182,706**
**NET INCOME**
**9,988**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**81,151**
**TOTAL FUNDS CARRIED FORWARD**
**91,139**|**2024**
**Total**
**funds**
**£**
5,000
184,400
217
189,617
170,534
6,696
177,230
12,387
68,764
81,151|
|---|---|
The notes form part of these financial statements
Page 4
## **CARNWADRIC AFTER SCHOOL CARE**
## **BALANCE SHEET 31 MARCH 2025**
|**Notes**
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|**2025**
**Total**
**funds**
**£**
**18,819**
**77,473**
**96,292**
**(5,153)**
**91,139**
**91,139**
**91,139**
**91,139**
**91,139**|**2024**
**Total**
**funds**
**£**
25,613
64,435
90,048
(8,897)
81,151
81,151
81,151
81,151
81,151|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 December 2025 and were signed on its behalf by:
C Gregory - Trustee
The notes form part of these financial statements
Page 5
**CARNWADRIC AFTER SCHOOL CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Assets and liabilities are initially recognised at historical cost or transaction value otherwise stated in the relevant accounting policy notes.
The financial statements are presented in Sterling (£).
## **Going concern**
The financial statements have been prepared on a going concern basis, which the trustees believe to be appropriate for the reasons set out in the Trustees' Report.
## **Judgements**
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The Trustees consider there are no such significant judgements.
## **Financial instruments**
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Debt instruments like other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Other revenue streams are recognised when there is an understanding of the terms to both parties and the charity has invoiced the appropriate entity. In the event that a service is subject to conditions that require a level of performance before the charity is entitled to funds, the income is deferred and not recognised until either those conditions are fully met or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
continued...
Page 6
**CARNWADRIC AFTER SCHOOL CARE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
## **Charitable activities**
Costs of charitable activities are incurred by the charity to raise funds for 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 which contribute to more than one activity are apportioned on a reasonable, justifiable and consistent basis.
Support costs which are not attributable to a single activity but rather provide the organisational infrastructure 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**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Computer equipment - 20% straight line
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
## **Impairment of non-financial assets**
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.
## **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 arise 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.
## **Provisions**
Provisions are recognised when the charity has a legal or constructive obligation at the reporting date as a result of a past event, it is 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 the obligation at the reporting date.
continued...
Page 7
**CARNWADRIC AFTER SCHOOL CARE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|Fees
**INVESTMENT INCOME**
Bank interest receivable|**2025**
**£**
**187,399**
**2025**
**£**
**295**|**2024**
**£**
184,400
**2024**
**£**
217|
|---|---|---|
## **4. 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.
## **5. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Support staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME FROM**
**Charitable activities**
Childcare Provision
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Childcare Provision
Support Costs||**2025**
**2024**
**£**
**£**
**140,944**
137,939
**9,566**
7,934
**1,519**
1,526
**152,029**
147,399
**2025**
**2024**
**10**
9
**Unrestricted**
**funds**
**£**
5,000
184,400
217
189,617
170,534
6,696|
|---|---|---|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 8
**CARNWADRIC AFTER SCHOOL CARE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
|**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|
||||**Unrestricted**|
||||**funds**|
||||**£**|
||**Total**||177,230|
||**NET INCOME**||12,387|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||68,764|
||**TOTAL FUNDS CARRIED FORWARD**||81,151|
|**7.**|**TANGIBLE FIXED ASSETS**|||
||**COST**||**Computer**
**equipment**
**£**|
||At 1 April 2024 and 31 March 2025||**42,000**|
||**DEPRECIATION**|||
||At 1 April 2024 and 31 March 2025||**42,000**|
||**NET BOOK VALUE**|||
||At 31 March 2025||**-**|
||At 31 March 2024||-|
|**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
||Trade debtors|**2025**
**£**
**18,819**|**2024**
**£**
25,613|
|||||
continued...
Page 9
**CARNWADRIC AFTER SCHOOL CARE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Taxation and social security
Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
GCC
**TOTAL FUNDS**|**At 1/4/24**
**£**
**81,151**
**81,151**
**Incoming**
**resources**
**£**
**192,694**
**192,694**
**At 1/4/23**
**£**
64,564
4,200
68,764
68,764|**2025**
**2024**
**£**
**£**
**1,113**
5,155
**4,040**
3,742
**5,153**
8,897
**Net**
**movement**
**At**
**in funds**
**31/3/25**
**£**
**£**
**9,988**
**91,139**
**9,988**
**91,139**
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
**(182,706)**
**9,988**
**(182,706)**
**9,988**
**Net**
**movement**
**At**
**in funds**
**31/3/24**
**£**
**£**
16,587
81,151
(4,200)
-
12,387
81,151
12,387
81,151|
|---|---|---|
## **10. MOVEMENT IN FUNDS**
continued...
Page 10
**CARNWADRIC AFTER SCHOOL CARE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **10. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
GCC
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
189,617
-
189,617
189,617|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(173,030)
16,587
(4,200)
(4,200)
(177,230)
12,387
(177,230)
12,387|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
Page 11
**CARNWADRIC AFTER SCHOOL CARE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**INCOME**
**Other trading activities**
Fees
**Investment income**
Bank interest receivable
**Charitable activities**
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Rent and rates
Insurance
Telephone
Postage and stationery
Activities and snacks
Staff training
Sundries
Subscriptions
Software costs
Repairs and renewals
Clothing costs
**Support costs**
**Finance**
Bank charges
**Governance costs**
Independent examiner fees
Legal and professional fees
Total resources expended
**Net income**|**2025**
**£**
**187,399**
**295**
**5,000**
**192,694**
**140,944**
**9,566**
**1,519**
**2,626**
**566**
**1,237**
**127**
**16,748**
**240**
**700**
**4,185**
**237**
**729**
**454**
**179,878**
**605**
**2,050**
**173**
**2,223**
**182,706**
**9,988**|**2024**
**£**
184,400
217
5,000
189,617
137,939
7,934
1,526
2,843
674
1,012
121
12,894
240
546
3,931
110
55
709
170,534
558
2,154
3,984
6,138
177,230
12,387|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12