Charlty Registratlon No. SC027193 (Scotlandl KINGFISHER CLUB UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 THE A9 PARTNERSHIP LIMITED Chartered Accountants Abercorn School Newton West Lothlan EH52 6PZ
KINGFISHER CLUB CONTENTS Page Trustees, report Independent examiner's report Slalement of financial activities Balance sheet Notes lo the financial stslemenls 6- 11 The following pag&s do not form part of the statutory flnancial statements Detailed slalemenl of financial activities 13
KINGFISHER CLUB LEGAL AND ADMINISTRATIVE INFORMATION Board Of Trustees Charlty numbgr IS¢otlandl SC027193 Independent examingr
KINGFISHER CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Board of trustees present their annual report and financlal slalemenls for the year ended 30 September 2024. The financial slalemenls havè been prepared in accordance with the accounting policies set out in note 4 to the financial Statements and wmply with the charity's governing document. the Charities and Trustee Inveslrnenl (Scollandl Act 2005, the Charities Accounts (Scotlandl Regulations 2008 las amended) and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commenclng from 1 January 20161 ObJectlves and actlvlties Our objectives. as recorded in our conslllulion, are lo.. Promote the care and education of children from school age up lo 16 years. who require child care out of school hours, holidays and in-servi¢e days. Promote the provision of facilities for recreation and Leisure lime occupation of such children in the interests ol social well8. Public benefil The Board of Iru51ees have paid du& regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and perfomiance Significant activitie8 and achievements against objeclives The Kingfisher Club is now in il's Iwenly seventh year and corilinues lo play an important role in the local community providing quality and flexible childcare lo working parents, parents returning lo further educatic>n or those who wish lo extend their working hours. Our membership is still lower than previous years sitting al 145 plus 20 only holiday members. Many parents still work from home al least part of the week. We also are aware families are helping each other to reduce costs duo lo the high CDSI of living elc. All Senior Staff, Playwork Praclilioners and Support Staff are registered with SSSC. We still actively encourage students studying childcare related courses al College or university to apply for part lime hours which fil in with their timetables. This works well as both parties albeit on a short term basis. Wè conllnue lo support UNICEF and Sense Scotland. Flnanclal r&vl8w The club saw an decrease in income during the year. The trustees report a profil for the year of £13,679 {2023 Loss £8,205). Funds carried forward amount lo £33,82412023 £20.1451. Reseryes policy 11 is the policy of the ¢haTily lo maintain unreslricled funds al a level which equates to a minimum 013 months unreslricled expenditure throughout the year. This provides sufficient funds lo cover management and administrative and support costs. Majorrisks The Board of Iruslees has assessed the major risks lo which the charity is exposed, and are satisfi&d that systems ar@ in place to miligale exposure lo the major risks. Structure, governance and management The Club is an unincorporated charity and has been registered as a charity since 14th October 1997. The Club is established under a conslilulion which established the objects and powers of the Club.
KINGFISHER CLUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trp. Roarcl pf Iri 151ees who served during the year and up lo the dale of signature of the financial slalements were.. Re¢r41ilmenl and appointment of tnjslees Induction and Iraining of Irusloes Each new Irustg9 is provided wlth 8 slruclured induction programme over the firsl year. The Irusl&es' rewrt was approved by tha Board Of Trustees. Ti'ustee 31 January 2025
KINGFISHER CLUB INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF KINGFISHER CLUB I report on the fi'nancial statemènts of the tharity for thè y&ar endéd 30 September 2024. which are sel out Dn pages 4 10 11. Respectlve responsibilltles of Board of trustees and examlner The charity's BDard of Iiuslees are responsible for the preparation of the linanGial 51alemenls in accordance wlh the terms of the Charities and Trustee Investments (Scollandl Act 2005 and the charib.es Accounts (Scollandl Regulations 2006. The Ghaiity'5 Board of Iruslees Consider that the audit requirement of Regulation 1011llal to Icl of the 2006 Accounts Regulalions does not apply, 11 is my responsibility lo examine the financlal slalemenls as required under section 4411llcl of the A and lo slala whether particijlar mallers have come lo my allenlion. Basls of Independent examlner's statement My examination is carried out in accordance with Regulation 11 of tho 2006 Ac¢ount8 RUlatIonS. An examination includes a review of the accounting records kept by the Gharily and a comparison of the financial statements presented with those records. 11 also Sn¢ludes eonsideralion of any unusual ilgms or disdosus in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and conSu6nlly I do not express an audit opinion on the view given by the financial slalernenls. Ind8pend8nt 8xamln8S statement Your allenlion is drawn lo the fact that the charity has prepared finanaal slalemenls in accordance with Accounting and reporting by Charities preparing Ihelr accDunlg in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 1021 in preference to the Ac¢ounling and Rewrting by Charllles., Statement of Recommended Practice Issued on 1 Aprll 2005 whleh is r8ferred to in th8 extant rUlatIonS bul has now been withdrawn. l understand that this has been done in urder for the financial statements lo provide a true and tsir view irb accordance with GeNeTally Accepted Accounting Practice effective for reporbng periods bgginning on fx after 1 January 2015. In the course of my examination, no maller has come lo rny attention.. lal which gives me reasonable cause to believe that in any material respect the requirements". li) lo keep accounting records in ac¢ordanc8 wlth section 44(11 la) of the 2005 Ad and Regulation 4 of the 2006 Accounts Regulations., and lill to prepare financial slatements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations., have not been mel or Ibl to which, in my opinion, allenlion should be drawn in order to enable a proper understanding of I Ilnancial statemen15 ID be reached. Dated.. 31 January 2025
KINGFISHER CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Unr&strlctgd funds funds 2024 2023 Notes Income from.. Donations and legacies Charitable activities 1,776 210.319 191.163 Total Income 212,095 191,163 Expenditure on.. Charitable activities 198,416 199,368 Total expenditure 198,416 199,388 Net Incomellexpenditurel and movement In funds 13,679 18,2051 Recon¢lllatlon of funds- Fund balances at 1 Oclobgr 2023 20,145 28,350 Fund balances at 30 September 2024 33,824 20,145 The statement of financial aclivllies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
KINGFISHER CLUB BALANCE SHEET ASAT30 SEPTEMBER 2024 2024 2023 Notes Current assets Dabtors Cash at bank and in hand 10 21,254 16,648 17,232 7,531 37.902 24,763 Croditors.. amounts falllng due wlthln one year 11 14,f1781 (4,6181 Net current assets 33,824 20,145 Net assets excludlng pènsion Ilabl11ty 33,824 20,145 Tho funds of the charlty Unreslrided funds 33,824 20,145 33,824 20.145 The financial slalém6nts were approvèd by the Board of trustees on 31 January 2025 Trustee
KINGFISHER CLUB BALANCE SHEET (CONTINUED) AS AT30 SEPTEMBER 2024 Crftlcal accounting estlmates and judgements In the application of the charily's accounting policies, the Board of Iiuslees are required ID make judgements, eslim8les and assurnplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The eslimale5 8nd underlying assumptions are reviewed on an ongoing basis. Revisions lo a¢¢oLJnting eslimales are re¢ognised in the period in which the estimate is revised where the revision aff&cls lY that period. or in the period of the revision and fuluTe periods where the revision affects bc>lh ¢urrenl and future periods. Incomg from donatlons and legacies Unrestrlcted funds 2024 Unrestricted funds 2023 Government Grants 1.776 Income from charltable activities Unrestricted Unrgstrlcted funds funds 2024 2023 Charltabl& Actlvlties Booking fees 210,319 191,163 Accounting pollcles 4.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's governing documenll the Charities and Trustee Investment IS¢otlandl Act 2005, the Charities Accounts (Scollandl Regulations 2006 las amended) and Accounting and Reporting by Charities.. Statement of Rewmmended Practice applicable to charities preparing their accounts in accDrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° las amended for accounting periods commencing from 1 January 20161. The charity is a Public Benelil Entity as defined by FRS 102. The charlly has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prep8r& a Slalemenl of Cash Flows. The financial slalemenls are prepared in sterling, which is the functional currency of the charity- Monetary amounts in these financial slalements are rounded to the nearest £.
KINGFISHER CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Icontlnuedl 4.2 Going concern Al the lime of approving the financial slalemenls, the Board of Iruslees have a reasonable expectation that the charity has adequate resources lo conlinue in operational existence for the for&seeable future. Thus the Board of Iruslees continue to adopt the going concern basis of accountlng in preparing th& financial slalemenls. 4.3 Charitable funds Unreslricled funds are available for use al the discretion of the Board of trustees in furtherance of their chaiilable objectives. Restricted funds are subject to specific conditions by donors or grantors as lo how Ih&y may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial slalemenls. Endowment ftjnds are subject to specific conditions by donors that the capital musl be maintained by the charity. 4.4 Incomlng resources Income is recognised when the charity is legally enlilled lo il after any performance conditions have been mel, the amounts can be measured reliably, and11 is probable that income will be received. Cash donations are recognised on ¢Ipt. Other donations are recognised once the charity has been notified of the donalion, unless performance ¢ondilions require deferral of the amount. Income lax re¢overable in relation lo dc)nations received under GiftAid or deeds of covenant is recognised al the lime ol the donation. Legacies are recognised on receipt or otherwise il the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. 4.5 Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure lo which il relates. Charitable expondilure comprises those costs incurred by the charity in the delivery of ils activities and services for the benefi¢iari8s. Goveman¢e costs include the costs associated with meeting the consilulional and slatulory requirements of the charity. Creditors and provisions are cOgnised when the charity has a present obligallon resulting from a past event that will probably result in the transfer ol funds to a third party and the amount due lo sell1& the obligation can be measured or estimated roliably. CredilDrs and provisions are normaSly recognised at their selllemenl amount after allowing for any discounts due. 4.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
KINGFISHER CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountiny pollcles Icontlnuedl 4.7 Flnancial instruments The charity has elected lo apply the provisitsns of Section 11 'Basic Financial Instruments, and Section 12 'Olher Finan¢ial Instruments Issues. Df FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contiaclual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presonled in the financial slalemenls, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to sellle on a net basis or to realise the asset and sellle the liability simultaneously. Basic financlal assets Basic financial assets, which include debtors and cash and bank balances, are Initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is measured al the present value of th6 future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. 8aslc flnanclal liabilitles Basic financial liabililies. including ¢redilors and bank ltsans are initially recognised al Iransa¢lion price unless the arrangement conslilules a finan¢ing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities Classified as payable within one y8ar are not amortised. Debt instruments are subsequently carried at amortised ¢osl, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-¢urrenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortisod cost using the effective interest method. Dorgcognltion of flnancial liabllities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 4.8 Employee benefits The cost of any unused holiday enliuemenl is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charily is demonstrably committed lo lerminale the employment of an ernployee or to provide lerminalion benefits. 4.9 Rotlrement beneflts Payments to defined contribullon retirement benefit schemès are charged as an expense as they fall due.
KINGFISHER CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expendlture on charltable actlvities Charitable Govèrnance Expenditure Costs 2024 2024 Total Charitable Governancg Expendlture Costs 2023 2023 Total 2024 2023 Dlrect costs Staff costs Snacks provision Rent and rates Resources and equipment Insurance Repairs and renewals Telephone offi supplies Adminislralion costs Donations given Staff entertaining and gifts Accountancy fees 166.188 11,850 4,365 166,188 11,850 4.365 187,823 11,213 4,410 167,823 11,213 4,410 3.276 991 620 3,826 1,510 2,499 414 3,276 991 620 3,826 1,510 2,499 414 3.033 1.228 3,033 1,228 4,910 1,586 968 414 4,910 1.586 968 414 835 1,262 835 1,262 1,264 1,799 1,264 1,799 197,636 197,636 198.848 198,648 Share of support and governance costs (see note 61 Governance 780 780 720 720 197.836 780 198,416 198,648 720 199,368 Analysis by fund Unreslricled funds 197,636 780 198,416 198,648 720 199,368 Support costs allocated to actlvltlos 2024 2023 Governance costs 780 720 Analysod between: Governance Costs 780 720 Net movement In funds 2024 2023 The nel movement in funds is slated after chargingllcrediling}'.
KINGFISHER CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Board Of Trustees None of the Board of trustees lor any persons ¢onneded with them) r&ceived any remuneration or benefits from the charity during the year. Employees The average monthly number Df employees during the year was.. 2024 Number 2023 Number 23 22 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 155,133 1,049 10,OOe 155,765 2,478 9.580 166.188 167.823 There were no employees whose annual remuneration was more than £60.000. 10 Debtors 2024 2023 Amounts falling du& wlthin one year: Trade debtors Prepayments and accrued income 20,132 1,122 16,408 824 21,254 17.232 11 Credltors.. amounts falling due wlthln one year 2024 2023 Other laxalion and social security A¢cruals and deferred income 1,288 2.810 1,667 2,951 4,078 4.618 12 Retirement beneflt schemes 2024 2023 Deflned contributlon schemes Charge lo profil or loss in respect of defined conlributlon schemes 10,006 9,580 10-
KINGFISHER CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Retlrement beneflt schemes Icontlnuedl The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separate5y from those of the charity in an independently administered fund. 13 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants thich are not subject lo specilic conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the Iruslees for specific purposes. At l October 2023 Incomlng resources Resources expended At30 September 2024 General funds 20,145 212.095 {198,4161 33,824 Previous year: At 1 October 2022 Incoming resources R8sources expended At30 Septemb8r 2023 General funds 28.350 191,163 1199,368) 20,145 14 Relatsd party transactions There were no disclosable related party transactions during the year12023- nong). 11
KINGFISHER CLUB MANAGEMENT INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Th8 following pages do not fomi part of the statutory flnancial statements whlch are the subject of the Independent examlner's report. 12-
KINGFISHER CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 INCOMING RESOURCES Donatlons and Legacies GiftAid Received 1,776 1,776 Income from Charltable Actlvltles Booking fees 210,319 191.163 210.319 191.163 TOTAL INCOMING RESOURCES 212,095 191.163 OUTGOING RESOURCES Charitable Expendlture Staff salaries and supply staff wages Employers NIC Staff pension costs Snack provision Rent and rates Resources and equipment Insurance Repairs and renewals Telephon8 Office supplies Adminislralion costs Donations Staff entertaining and gifts Ac¢ounlancy fees Share of governance costs 155,133 1,049 10.006 11.850 4,365 3,276 991 620 3,826 1,510 2.499 414 835 1,262 780 155,765 2,478 9,580 11,213 4,410 3,033 1,228 4,910 1,588 968 414 1,264 1,799 720 198.416 199,368 TOTAL OUTGOING RESOURCES 198.416 199,368 NET MOVEMENT IN FUNDS 13.679 8,205 13-