cP￿rity registration mmkn.SC029237 Maxwdltown Play¢are Managezllent COMn￿ttee report and financlal stat¢ment8 for the year ended 31st M4r¢h 2025 wn Tn￿S SC029237 Auditor3 Carson & Trottcr Chart¢r¢d Accounlants 12J ttish Str¢¢t Dumfries DGI 2PE Busin￿￿ address ide Ro D02 ONF Baok of Scotland 91 Higb Strcet Dllmfries t￿1 2BN nten Page Management Cornmittee report Statemcat of FioaDcial A¢tivities Balanrc sh¢¢t Notes lo th¢ financAal statemeJJts 9-16 Thc Managen￿t Cotllmittee, arc the tnstees of the ¢harity. hav¢ pl￿￿te in submitÉing their ReEth attd fmaD statemcnts of th¢ charity for the y¢ar euaed 31 st March 2025. The havc adopted Ihe provisiorts of the Ststement of Recomll*od￿ Prnctice (SORP) "Accounting Reportin8 by Chariti¢s' {FRS 102) in PTwiog aDmw] T¢port and fiaallGial stat¢m¢nts of Charity. The finan¢iv41 statements heve been prepared ID accordance with the a￿ounting polici¢s out in Dote I to th¢ accounts aod cornply with the Charities and T[￿81cC InvGsun¢nt (Scotlaod) Act 2005. the Charitics Accounts (SGOtJ8nd) Regulations 2006 aDKndcd) and Accounting and Reporting by Clwitics: Ststement of R￿{)￿Mended Practice applicable to charities prqparllig iheir a¢￿Unts in aGcordaD¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland published oll 16th July 2014 (&8 amellded by Upd*e Bulletin I publisbed 2nd Febrnary2016). Objectives and a¢tivltley Maxwelltown Playcare was established to promote the care and cducation of children from 0 - 12 years living in ￿ch$ide and yurr• area and to provide or ￿SiSt in the provision of faciliue& ITr the inieresc of social welfare, for recreation and oth¢r leisure lill￿ occupats'oo 80 the collditions of life of the aforcmentiotrd children may bc improved. Acblevements perforDwi¢e During this financial year tlke group hav¢ seen many changes which have bad a direct impact on the fiJanc&q of the gThp. Siakeholder consulthtiott h&$ been OD-going. Q)sty including Salary costs. continue to incrcase. Maxwelltovm Playcare Management Commirtee WDuld Jike lo thank the staff t¢am for th¢ir Iwd WQTK dedication cornmitrnent over the l&st year. Tbe conunittee cortsider tha( pro￿¢88 of the Gharity during tli¢ year. aDd th¢ State of affair8 at the year ¢ll￿ ar¢ aati3factory. Biven the outr¢nt wonomic clin￿t FAnxH¢iai revlew The rcsults for the year to 31st March 2025 show a sury)lus of £48,964 compared to a deficit oE£35 J55 in the previous year. Totsl reserv¢s ca[rI￿ forW￿d art £551942 which are made up of £321 J65 unre5tsieted tilluk, £222.452 d￿lEnat¢d funds and £8,125 restricted fill￿8. Risk w8lla%ement The managenKnt wt[J￿Ittee bave a58&￿ed thc rnajor strntegic aod Operation￿ risks to which the charity is exp)se4 in particular tIK6e related to the operatio￿$ and fU￿￿l￿g of the ¢oJnpany, and aTe satisfied th81 gystems in place to mitigate Reserves policy The MaDag¢ment Con)mittre have identifi¢d the need lo Main￿ a sufficAeiit to ¢over the cost of approxirnatsly tbree months eXp¢ndItu￿ rclatsng to overhead cost4 estin￿ted a¢ £22.000 and Tedundancy Costs of approAin)ately £60,000. R¢S¢ry￿ arc tn ¢xGe&8 of this figure. Plan8 for future perlods The committe¢ in￿ndS to continu¢ to operat¢ Ethwcllknwn Play¢atc in (h¢ comin8 year. We are ￿ntInUing to work towards devclopiDg th¢ Nursery buildiogs and th¢ s¢rvic¢s with specific emphasis on our Id￿tIfied priorities vknicb i￿ludeS dw¢loping our outdoor play ar¢as inchMlin8 lary¢ ple￿% of equipm¢nt, kaming and sheltus in order to support Ihe dev¢iopmart of outrpornl¢d legal sttucture s￿h as a SCIO to ensure w¢ ¢kngibl¢ for Gonnllunity tswsfer of the buildin¥. In th¢ m¢antime alld if require4 the 8roup will look to secure a licensc to occupy to ¢ovu our ¢xisting 0￿Upation at North West Resowc¢ c￿tre uitil we ar¢ able to progress our long tenn plans for this vcnthre. Page I Wc aim to continue to work with our parn￿s illGludillg D & G Council. Dumfries Y C¢ntre and those at North West RcsourcG Centr¢ tb¢ stsbility of the servic¢. Wc will Gontinue to support Scottith Governtll￿ts 1140 mitsative and work ¢losely with th¢ Early Y¢ars Team trj Cnsure tbe Maxi￿ delivwy of this sezvi¢e with the fitt￿la1 ¢onstTaints of the busin￿8. Structur4 governance ind maDAgemellt Maxwelltown Playcare, which is a Te¢o￿l￿d ¢lwity ID Scotland, is opthtcd the tules set out ?ti tb¢ cl)arAties nstitution dard January 20(Ki. The ow￿g￿￿¢0L of thG charity is the T¢￿on￿1)llIty of the n￿￿eMellt committee made up of a CO*oidinator and In admiotstra￿r. both of syhom Work on behalf of th¢ Trust￿6. The clkaTitys strategy and objectives arc sct out and r¢vi¢wcd by the Tn￿le¢S. Appolntrnent And tr41ning of Trllstees The appoiniment, election or ￿electiOn of the Tn￿ takes place each y¢aT at the Annual Genctal M¢etiDg. The Ct)n)mitlee memi*rs 2thall bc elccted for l year at the G&wai Mecting. R¢uring wmmittcc ￿berS are eligible for rc-clcction unle&s they bavc already served on the Comujittec in any w)a¢Aty for 4 CO￿¢cutIve years. If standing unopp)se this ¢ondition may bc WdiVC(L The constitution of the ¢harity ststrs that th¢ir must be at least 4 in place with no more that 10 at any given timc. Any vacatKi¢s ll￿y bc filled by a member co-OPt¢d by Committee, 10 8 nwimum of 3 in any onc year. The trustees arc ai least four tinw each ywwith minutes taken for the recDr(L Upoft election th¢ trust￿ are given an overview of the Clwity and are infOrn￿d Df their duties and what is expected of thwn, Thereafter the a8y.tr￿daY maoagement will keep them updated of ￿ nurseries acuvities at their trustees lljeetings durin8 the year. Reference Tlnd ￿nInIstratiVe Aafonnitlon Trustccs Charity numb¢r SC029237 Audiiors C2rson & Trotter 123 Irish Stree¢ DGI 2PE B￿sinesS a&Jr¢ss Locbsid¢ Road DG2 ONF Bankers Bank of Scotland 91 High Stre¢t Dumthes DGI 2BN Page 2 StAtement of managen￿nt Conunth responsibllltles The committee is respoosiblc for ptq)aring the Conunittee of MaDas¢m¢nt RepJrt and th¢ fwancial statsments iti accordance with 8pplicable law and Unitrd Kingdom Accounting Stsndatds (United Kingdom G¢nwally Accgpted AccouTrtin8 Practie¢}. The committee is required to prepare financial for ca¢b fina￿la1 ycar that gAvc a tsue and fair view of the state of the chatitys affairs and of the incoming resources and application of of the clwity for that period. In prepgring those financial staten￿￿￿, the COADmittee arc rcquired to: selcct suitable ￿¢1￿￿ting policies artd then apply them con8isiently: b. observe the njethods and principles in ts Chan'ties SORP{2015)IFRS102) ' c. n)ake judgements and eStin￿*S thal are reasonable and pn]dent' 8We whether applicable accounling slandards bav¢ been follort 8ubjcct to any malerial dwlurcs disclosed and explained in the financial statemei)18 . e. prepare the flljancial statenMts on the going concern basis Unless it is inappropria* ￿ prewm¢ thal th¢ Ch￿]ty will continue in operaiiorL The committee is respotssiblc for keeping proper a¢¢ounting record4 whicb disclose with re&sonable &c¢ura¢y al any time th¢ financial position of the orgaDisation atMI wbich enable than to ensure that the fin8ncial ststernents comply wilb the Charities and Trustees Inveslment (Scotland) Act 2005, the Chorities AccouDts (S¢odazKI) Regulation$ 2006 (as amcnded) and the provisions of the charity's constiNtiOL They are also T¢spo￿lb]e for safeguarding th¢ a58ets of th¢ organisation and h¢n¢e for takm8 r¢ason8ble 8t¢ps for the PTcv¢ntion and detectioti of fraud and other iTf¢8ularities. 17th Dcccmber 2025 Page 3 nPI Ind We have a￿lIted the financial statements of Maxwelltown Playcare for the year ended 3 1st March 2025 which cornpri8e the profit and loss acc4)unL the balance sheeL cash flow StateMa￿ and tIL¢ r¢lated not¢s. Th¢ fllwKial reportin8 fratnework that has be￿ applied in their pr¢patHtion is appliGabl¢ law and Unit¢d Kingdom Acwuntin8 Standards (United Kingdom Generally Accepted Accounting Pncti¢c} I￿luding FRS102 Tr Finan¢ial Rep)rting Standard applicable in the UK and Rcpubli¢ of Ireland,. This report is made solely to the charl￿8 tnJstees, as a body, (Irreinafter referred to as the Ma￿￿ell￿￿ Commitiec} in cordatsce v/itb Re8ulation 10 of the Choritiog Accounts (Scotlattd) RegulaLiotis 2006. Our a￿11¢ WO￿ h&8 bccn undeth so that we might state to the cbaritys Managemeni Conllnittce thoge mattcTr we are required to 6tate to them in an auditorfs report and for no other puryose. To the fUll￿t extcnt p¢mitted by law, we do not accopt or assume responsibility io anyone othcr than the charity and thc charitys Management Committee a8 8 body, for our audit worL for this report, or for the opinioAs we have fornKd. In our opiniim the financial st8temcnts: - give a t￿¢ and fair view of the state of th¢ rharity8 affairs a8 at 31st March 2025, and of its wlus for the year then - have beea properly prepared in accordance with United Kingdom Generally Accepted A￿Ounting Practice (applirAble to smaller entitiel); and - have been prepared in accordance with the requiErJn¢nts of th¢ Clthrities and Trustee Investnmt (Scotland) Act 2005 and regulalion 8 of the Charities Accou1￿ (Scotland) Regulations 2006 (&8 amended). Basls for opinffion We conducted our audil ia accordaoce with Tntcrnational Standard5 on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under thos¢ staudards are further desGnbed iti th¢ Auditoes r¢spon￿￿tIltl¢s foT the audit of the fu]ancial statements scction of our rcporL We ar¢ indoendent of thc ¢batity in accordance with the ethical reqUiren￿nts that ar¢ rclrnt to our audit of the financ￿ statenL¢nts in the UK, ]￿lUding the FRCS Ethical Standard, and wc have lfill¢d our other ethical responsilii]ities in ￿cordanCe wtth these wuirement& We believe that the audit ¢vidence we have obtained is sufficieLt and 8ppfopTiate to provide a basis for our opinion. Concluslon8 relating to going concern In auditing the fIna￿la1 statellKD￿ we have Co￿]Ud¢d that the director8 we of the gotllg concern ba816 of accounting in the preporntion of the ruw￿la1 stateTn¢nts i8 appwriate. Based on the work we have perfornI￿ we have noi identified any ma*rial un￿rtaInl1£s relating lo eV￿s or conditis)L8 tw individually or ¢ollectivcly, ￿t significant d(Ktht on the charAty's ability to continue &8 a 80iDg Concern for a perRod of at least 12 n￿nthS from wlwi the ruw￿1&1 statemcnts are authOri￿d for issu¢. Our responsil)ilities and the responsibilities of the directors with respect io goAng concern are describ￿ in the relevanl sectiOL¥ of this report. Other infOrn￿tiOn The Management Committee ar¢ responsible for the other infonllatio￿ The other inf(ThMtion compriw the infonnation inGEuded in the Managfflnent Committees. aTJnual report . other than the financial sWtem￿ts and our auditovs rewt thereon. Our opinion i)n the fllmncial slaternents thes not cover the other infonnation an￿ cx¢eyt to th¢ extent o*h¢rwi8e expli¢itly stated in our repo¢ we do not expr&85 any fonn of assuran¢e concI￿lOn P¥ge 4 Maxweut re audito the MAlla em or In wnnection witb our a￿lt of the fill￿ClaI statements. our r¢9poJJsibility is to read the ollw infOrn￿10D a￿1. in doing so, ca)rtsider whether the Oth￿ Infor￿tion is n￿terIallY inconsistent with the financial statements or our knowledg¢ obtsined in the audit or othenwise appears to be materially misstated. If we idenlify such llmterial inGonsistellCie5 or app&￿ent matsrial Misstwe￿& w¢ are ￿qUIred ￿ dd¢[Mi￿ whether ther¢ is a uot¢rial missiatem¢nl in the fm8nciaJ ststenwits or a nuterial n]isSta*m￿¢ of the oth¢r infor￿￿0￿ 1£ b￿d on th¢ woA( wg hav¢ pcrfornc(L w¢ ¢onclud¢ that thetc is a Material missiat¢mutt of this other 1DforJnatio￿ we ar¢ r¢quird ¢0 rep¢)rt that fact. Matt¢rg on whleh we are required to T¢IMJrt by ¢xcepdon In the light of the knowled8¢ and und•s￿dIng of the dwity and its ¢nviromnent obtained in the cour&e of the audi( we have not idelltified m8teTial misstatements ID the truste¢s' reporL W¢ have nothing to twrt in r¢spect of th¢ foljowing matter8 in r¢Jation to wbich the Clwiti¢s A¢counts (S¢otlaNI) R¢gulations 2006 require us to report to you if, in ow opinio - tILe illfonnation given in the trustees. report is inconsist¢nt Kn any matcrAai r¢spcct WAth thc fiDanci41 stalemcnts. or - proper accounting re￿[aS hav¢ not b¢¢u kept. or . the ruw￿la1 statemcnls arc llot An agr¢¢m¢nt W5th thc xcountAng rcGords' Or - we bave not received all thc inf0m￿lion a￿1 expl￿￿tions we require for our audit" or R¢sponglbllltles of Mana£ement CoDUDlttee As explaingj more fulty iti the Management Comnutt¢es' rcSp0n￿b]Ijtie¥ statement Set out on page 3 the MaDagem¢nt Committe¥ are r¢spoL8ible for thc PT¢pardtion olthe financial sthterneDls and for bcio8 satisfied that tlley giv¢ a tsu¢ at fair view, Attd for such internal control a8 the Mana8ernent ConsYnAttee deterniinc is necessgry to ¢nable the preparntion of fiAwial &tstcm¢nts that are free from matrrial niisstateJn¢nt, whetlw due to fraud or e￿Or. tn preparing tbe fllJanci￿ ststcmenty th¢ MaDagement Committee are responsible for a5￿￿ng the clwitys ability to ntinu¢ as a going conccrn, disclosing. as applicabl¢. ll￿¢¢[$ r¢1&￿1 ￿ going concern and using the going concern basi5 of accounting unless the manag¢m￿l CoD]mitt¢¢ cithrf Atit¢nd lo liquidate the Gharity or to cca8e operations, or have no r¢alistic alt¢m￿1v¢ bui to do so. Page 5 Itown 'e2re rttot Auditor's re8ponslbilities for the audit of the fin¥ncAal statellwits We have been appointed as auditor under section 44(1){c) of the CIwAtia8 and Trustee ]nvestment (S¢othd) Act 20Q5 and report in accordance with reguiatims made under those Ac Our objectiv¢8 ar¢ to obtain re&soJJabl¢ assuance about vA￿ther the financial stateD￿l% as a whole are free from matsrial misstatement, whether due to fraud or error. and to iS￿e an auditoV& rewrt that inclu(k8 our opiniotL Reasonable &%surance is a higb level of ak4Lrance. but is not a guaranRe that an audiL conducted ill acCOrda￿e with ISAS (UK) will always detect a material rni&statem¢nt when it exists. MI&%￿*￿entS Gan attse from fraud or error and are onsidered material if. iThlividualty or in th¢ aggKEate, they could reasonably b¢ expected to infiuencc the e¢onomic decisions of use)3 taken on the basi8 of the5¢ financAal ststem¢nts. Irregularities, t￿luding fraud, ar¢ iti5tan¢65 of non-compliance with laws a￿1 regulations. We desiga procedur&s in ]ine with ourre¥oDsibiJiti¢s, oudined above, to &tect material misstalements tn reSp￿t olirregulantt"&%, including fraud The ¢xt¢nt to which our procedures are capable of detecting I￿egU￿.tie8, including fraud is detsiled below. - r￿leW of the filla￿la1 statements disclosur¢s t¢SIll￿ to swrting d￿umentatIon to assess complianc¢ with provlsion of relcvant laws and rcgulations d¢s¢ribcd as having a direct effcct oa the finaa¢ial Slaten￿￿. - ewuiring of n￿llageMent coucerning actu￿ and pot¢nlial li¢igation and claims. - performing analytical proceibJrts' to identify any Unusual or uncxpcctcd rclati0￿lll.￿$ that I￿lICate risks of ￿￿terial n)issiaemeni to frnud. . detailed and ￿perfOrma￿ lesting of specifi¢ ¢ontTols alld Galallatioll& . readin£ Minu￿ of mceting5 of tlM)se clwged with governa[￿. - in addres5ll￿ the risk of nwement ove￿Id¢ of Contro￿ lestiog the appropTiatcoc&8 ofjounul cntries and other adjuSUD¢nts' aBS￿ing wh¢th¢r th judgements made llJakin8 accounting eslirnates arc indicative of a potential bi￿. . thc audit *am r¢m4ingd al¢n to any And1¢￿Aoti of fraud or DoTr¢omp]iance with law¥ and regulatiotts throughout the audit. BeCa￿e of the inbcrent limitations of an audiL there is a risk that we will no¢ detect all I￿gUI8r1ti¢5. including tl¥)s¢ leadin¥ to a material misstatement in f￿￿(1￿1 slatan¢nts or n0￿Compli3￿¢¢ with regulation. This risk in¢rea8es tke more that compliance widl a law or t¢guIalioD is t￿]0Ved from the events and trAnsaCtio￿ r¢flect¢d in the financial stateu￿11￿ as w¢ will bc Ics5 likely to become awa￿ of instances of non-complia￿¢. The risk is also gr¢atcr re8ardiD8 ir¢gularitics (Kcutring due to fraud rath¢r thftn eTror, &8 fraud involves intentional cOn￿lMeth, forgery, collusion. omission or misrepr￿￿latio￿ We conyn￿ate with those charged with governance regardin£. arnong other matters, the platwed scope and tsrning of the audit and swllficanl audit findmgs. including any Significant d¢ficicn¢ies in internal control that wc id¢ntsfy dwing our audiL Carson & Trotter CA Stalutory Auditors 123 Irlsb Street DGI 2PE 17th December 2025 (Carson & Trotter Chartered Ac¢ountsDts ts eugible to aet as an audittsr In tenns of seetlon 1212 of the Cornpanles Act 2006.) Page 6 wn tgdtement of Flnanci VAII Totsl Restrl¢t¢d Funds F•nd¥ 2925 Tot Funds 2024 UAre5tric¢ed Funds Note ID¢ome and endoivjnents from: Donations and l¢gacic8 Charitable activities Other trading activiti&S 9,626 9.626 760.723 9.447 656,306 4,665 7fA).723 Total Ineome endownRnts 760,723 9.626 770J49 670.418 Expelldlture on: Charitable activities 72J,385 721.385 705.773 Total expendLture 721,385 721,385 705.773 Net in¢omel(expenditure) for year 39,338 9,626 48.964 (35J55) Transfers Gross transfers b¢tW¢¢ll funds 10,394 10.394 Net Diovement in funds 49,732 (768) 48.964 (35355) R¢conciliatlou of fund8: Total fil￿ts brought forward Tot￿ funds carrled forward 494,084 8.893 502,977 538,333 543,816 8,125 551,941 502.978 The notes on pages 9- 16 form an kntegral part of these fiAan¢A81 staten*nt& Pay7 2025 2024 1¥40 ed Amets: Tan￿7)1¢ Ass¢ts 382,688 251.435 Current Asxts: Debtors Cash at bank and in hand li 5,468 1911,898 3,105 271765 194366 275.870 U8biJides: Crediton: anKrtmts falling due witbin one year 12 27,112 24J27 et Current assets 169254 231.J43 Totsl assets less current liabllltleB 551,942 502.978 Tbe funds of the charfity: Funds Restricted Fund8 Unre$rricted FUJKIY GeDa21 Fund 14 &125 8,893 321,365 222.452 271,633 222,452 15 $43,817 494,085 Totsl ehxrlty fund$ 551,942 502,978 These a￿0llnts hav¢ been prepared in accordance with the FiDancial Reporting Standard (FRS 102). The financial statem¢nts on pages 7 to 16 Thtre approvul and authorised for issue by the nwmgement Commit￿ on 17th De¢embcr 2025 and signed on th¢ir b¢halfby.- The notts on pages 9- 16 form an Integral part of finandal $tatement& Pa2e 8 town Piav 1 statem Summary ofsi%nifAcant accowitinz policies Th¢ si￿LfICallt a¢counkn8 policies app]ied in the prqjaration of these f￿￿￿¢{al StateM￿ts are set out below. Tkn¢ policies have beell c()Th8istently applied to au years per￿ted unless ot11er￿se slated. GeDeral iJRformation and basis of preparatlon The fllwicial stal¢m¢nts hav¢ b¢en ptwared ill accoTd8nc¢ with Accounting and Reporting by CbaTities." Stst6mcnt of R¢con]m¢tsl¢d Practice applicabl¢ to charities prq>aring their accow]ts in *cordanc¢ with the Fina￿1￿ Rcporting Staadard applicabl¢ in the UK and Republic of Irela￿ IFRS102) i&8ued 00 16th July 2014 (as updaied through Upjate Bulletin I publis1￿d on 2nd Febrnary 2016), the Chariti&8 and InV￿trnent (Scotland) Act 2005 and the CIwAties AC￿Unts (Scotla￿¥ Re8ulahons 2006 (as amended). Th¢ charity has applied Update Bulletill l as FKthlishcd on 2nd F¢bnwy 2016 and does not in¢hth a cash flow statement on the grounds that At is apylying FRS 102 S¢Gtionl The chaTity Comtitutes a public benefit eniiry as defined by FRS 102. The fuwicial statements prtparoa on a going CQDcern basi5 und¢r histori￿ wsl convenlio4 modifi¢d to include certain iiem8 at fair valuc. The fin￿Cial 8tatem8nT8 are prese0t￿l iu sl¢rliti8 which is the fillwtioo81 currency of thc clwity. Fund aceountlng General fAuth are Unrestricted fi]nds, which gre available for w at the disuetioo of the ¢onllnil*e in fi￿th¢￿e of th¢ g¢ll￿d obJ'cGtivG¥ of the dwity #nd wbidj b•ve noi b¢¢n desisoated for otknr purposes. tksisoated funds cotnprise uftrestricted fimd8 that thavc bccn set aside by the tnanagement committcc for particular purpose& The aim and w of eacb dcsignatrd is oui in the notes to the financial ststementg. Restricted fiwls are funds whicb are to be ￿8¢d in accordance with specific restrictions imposed by donors OT which have been rnised by th¢ charity for particular purposes. The cost of raising and admI￿er1￿ such fimds Te charged against the Specific The aim and use if each restrAcled fi￿d is syl oul in the no￿$ to the financial stateiiieiits. Ineome recogDitioD All income is inGluded in th¢ Statelnenl of Fit)ancial Activities when the charity is legally entitled to the incorne afier ally pdormance conditions have been the amount can be measured reliably and it is probabl¢ that the will be receivcd. Income from gov¢nJJnent and other grants ore recogn￿ed at fair value when the charity has entitlenrnl after any perforn￿l¢e conditions bave been it is probabl¢ that the i￿O￿e will be re￿IVed and the amount call be rnea$￿ reliably. If entitlement is nol met these Amounts Hre deferred. IDGOrn¢ from trading a¢tiviti¢s includes earned frorn fim£traising ¢vents and trading activitie5 to raise funds for the charity. Income is recognised when ¢ntitlernenl lus occurre Page 9 town PIA ' E4Knditsre recognldon tAabilitieS are rewgnised as expenditure ￿ soon as the￿ is a legal or cotslmctive obligation conllllitting the harity to that expenditure. it is probable tbai settlement will be required and tbe amount of the obligatm can be measured reliably. All cxp¢nditur¢ is accountad for on &n accruals b￿18. All ¢xp¢&w, illcluding support Costs and governance costs, ar¢ allocated or apportioned to applicabk expendttur¢ headings IA the state￿￿}l of financial activities. Charitable expernliture conwrises those costs Jj￿￿[red by the charity in utM4ertaking activites that furtsr its chgTitable aims. In¢￿d]rIg those costs of an indireLt natu￿ wessaryto support them. SuEyort costs have been differentiated b¢fWten governance cosis and otber sUp￿rt costs. The charity feels that there is only onc activity, bell￿ the of the nursery. and as such suworts rosts have been tr￿ted as bein8 wholly for th¢ fulfilment of thc primary a¢liYity. Governance costs ￿lse all costs involvin£ the public accoulllability of th¢ charity and its ¢omplianc¢ Wlth regulation and good PTa¢tice. Th¢5e costs include Gosis related to tb¢ preparalion and exaMi￿tion of th¢ slatutory accounts, the cost of trust¢cs' mcctings and thc cost of any legal advi￿ to t￿81￿5 on govern8nce or onsututional n￿tter5. kn wlth support ￿$ts, thc governanc¢ wsts are treated as being wholly for the pritnary activity. Fixed Asseti All fixed asgets Are stated at cost le&s aecumulated depreciatio Depreciats"on ￿ provided on all tangible fixcd &8scis a( ratL3 ￿lcula1¢d to writr off l¢ss ¢sliJDaicd r¢siduAI valu4 of each asset over its expectcd useful lif< as follow8: Equipment Office equipment 25QA Stra￿t Line 25QA Straighi Line l.& Le48ing Rentals payable under operaling Icases are charged to the stateme￿ ofFinan¢ial Activities on a straigh¢ lin¢ basis over the ￿riod of the le&se. Pension8 The pension costs charged in the finall￿ statements Jrpresent8 the contributions payabk by the oryanisation througb the year. Taxatlon Maxwelltown Playcare is recognised as 8 cbarity for the purposGs of applicable taxalion legislation and is therefure not subject to tsxation on its cl)aritable activiti&8. clwity is IM)t rcgi5tcr¢d for VAT and expenditrjre therefore in¢lud¢s iTTrfoverable iDPUt VAT. Debtors and creditors recelvablelpayable With￿ 01¢ year Debtors and Creditors with w slalal inter&st rate and receivable or payable within one year arc r¢wTaled IraLsaction price. 1.10. Going eoncern The fiDancial sta*ments hav¢ been prepared on a goin£ concern basls as the tn￿tee$ believe that no Th￿t￿l#l Uncertainti￿ exist. The trustees have considered the l¢v¢l of fillKis held and th¢ expttted level of income and eXpenditt￿e of L2 montKs from authorising these financial Statemen￿ The budgeted income and exp¢ndiiure Is sufficient with th¢ levd of rc8erv¢s foT the chority to b¢ Jble to continu¢ ay a going Conc￿ PaEe l• xxw town P Inco￿¢ from donations and le¥acie¥ Unrestricted Restricted Funds 2025 Total 2024 Totsl Grdnt income 9.626 9,626 9.447 9,626 9,626 9,447 The income from donations and legacies in tkn¢ pr¢vious year was all rwtrict&l £9,447. tneome from charitable a¢tlvltle# Unr¢striet¢d Re8trlcted Funds Funds 2D25 2024 Total Total Nursery fees External fee funditig 201,482 559,241 201,482 559,241 141.506 514.800 760,723 7()0,723 656206 InLM)m¢ from cbaritsblc activities in the previous y¢ar was all uDrcstricted. Other tradlng #etfvities Unrestricted Restrfcted Funds Funds 2025 'I'otal 2024 Totsl Fundraising events 4,665 4,665 Thc in¢om¢ from other trading activities in the prevriOUS year was llnrestricted. Page Al wn Plx Anaiysls of expendlture on charitsble acllvitles Artlvlties Support & Undertaken Governance 2025 direetly Costs Totsl 2024 Total Provision of chijdcare servic 554220 167,165 721,385 105.773 554220 167,165 721,385 705,773 In 2025, £0 (2024.. £0) of provision of childcare sffyices costs were aUTibutabl¢ to restsicted funds attd £721,385 (2024: £705.773) were attributsble to unrestricted funds. Pgge 12 xwelltaWA Analy45 of support costs and governance costs Support Governanc¢ Costs Costs 2025 Total 2024 Total Provision of childcare servioes 157.594 9.571 167,165 158,629 Support costs included in the abovc, ar¢ as follows:. Provision of Provlsion of Chlldcare Chlldcare Servlc Servic 2025 2024 Support eosls Wages and salaTies- coordinator and administrntor Employees TrIIC- ¢ty)rdin2tor and adminithtDr Pa]sion. GOOTdinator and administrator Rent 102,259 9,115 2,820 18.216 3.298 6,312 4,421 1.963 1,599 1,243 7(K) 4,408 30 1,210 88,289 7222 2,339 17,592 3.067 6,556 14.470 1.885 1.756 906 7(xl 4.178 36 1.366 Cleaning Repairs and nMinienaiice PrIntIt￿ statlonery and advertising Telephone Computer runti1￿ cosls L¢gal and prof¢ssionRI CoLwltatKy ftcs Bank charges Postag¢ aad ￿ ¢xp¢￿8¢S 157.594 150,362 GoVern(U￿e costs Audit Dcprcciation 3.3(K) 6,271 3240 5.027 9.571 8,267 Total support costs and governance costs 167,165 158,629 Page 13 the fin h20 EDwloye¢ Costs The total cmolunKnts paid in year vrne as foll0v￿:_ 2025 2024 Wages Social security casts P¢￿slOn colltributions 607,688 39.214 14,664 581J80 32.892 16266 661,566 630,538 The averdge monthly nurnbers of employees thwing the Ye￿ were., 2025 IYunth¢r 2024 Number c0-ordina￿r/Adml￿tral0r Playcare Assistsnts 22 23 25 26 No cnwloyee received remutt¢r￿i0ll amounting to more than £60.OUO in eit1￿ year. Conjmittee members rcccived no remuneration (2025 - £nil) and weTr not reirnburs&l for any of their expenscs in the year (2024 - £nil). Th¢ CoEtJmittec arc consid¢Kcd to bc th¢ key Ir￿nage]nellt pessoiinel. Pension ¢osts The orgallisation operates a defmed contribution p¢tssion 5¢I￿lle in respect of the employees. The scheme 8nd its assets arc held by indq>endent manager& The peD8ion charge represents Contributions due from the o￿aDitia￿On and amounted to £14,664 (2024 _ £16266). AuditQTS Re￿￿￿eration 2025 2024 AccountaTW Fees 3JC 3240 'rhe anxount paid to accountants was all related io an audit fee for the year to 31st March 2025 ￿ th¢ previous yearfs audit fee. No additional amounts wcr¢ fee'd duritig either year for non-audit ¥WViV8. Pagt 14 xwellto re ents io. Tangiblc fix¢d assets Tenants Offieè Improvernents EqUipD￿nt eqnlpment Total C￿t At Ibt April 2024 Additions 242,989 129.308 55,143 6215 23.168 2.002 321JOO 137,525 At 3 1st March 2025 372297 61,358 25,170 458,825 Depretiatlo At 1st April 2024 Charge for the year 48,778 4,346 21,088 1,925 69,866 6271 At 31st March 2025 53.124 23.013 76.137 Net book valllej Ai 31st March 2025 372,297 8,234 2.157 382.688 At 31st Mwrh 2024 242,989 6.365 2.080 251,430 Ji. D¢b¢or8: all re¢elvable wlthin one year 2025 2024 Fees due 5,467 3,105 12. Credltors: amounts falling due wlthlll one year 2025 21124 Abcnwts ¥nd def#Ned inwmc Receipts iu Advance 27,112 24,247 80 27,112 24 J27 13. Analys15 of net Agsets betsveen funds Tangible Other rjxed assets llet assets Total Unrestricted fuThts Restricted funds 382,688 161,129 8.125 543,817 8,125 382,688 169,254 551,942 Page 15 i state arch 2 14. Funds At 1st April 2024 At31gt March 2023 Income Eipenditure Transfers Funds un￿$trIGtca fiuKls - Gcnthl Unrv&triGtcd fiuKLs . Designatcd 271,633 222,452 760,723 (721,385) 10,394 321.365 222,452 494,085 8,893 760.723 9,626 (721.385) 10,394 (IOJ94) 543,817 8.125 Restsicted fi￿dS 502,978 770.349 (721.385) 551,942 The UDr¢stricted general fuAyJs rewesent the fre£ funds of the ¢Fority whiGh are not d¢si￿￿trd for paT¢icul&r purposes. Desi8na*d represent t1￿ funds received in the year Thq]ich the mawement ¢omo]ittee have s¢t aside tor future use. An amount carried forward of £4.000 is in relation w fee income ye￿&ve￿I in avance which will be a￿lIable for use in the ncxt finarKial year, and the balance of £218,452 is in Tcspect of tbe additiowTr to tenants in4yovements aDd cquipment on the prop￿. RestricteAI fLuth are uttlised by the chkrAty to specifi¢ projects. During ￿ year tlr charlty had one project in which restricted funds were r¢ceive4 the details are &8 follows." Scottish MAlk & HeAlthy Snack Scheme- for provision of fiuic vegetable& milk and healthy gn8cks. Is. Deslgnated funds 2025 2024 Property costs 222,452 222,452 ifL Related party transactlolls The¥e werc no relaied party transactions 41urAng the year. Paze 16