REGISTERED COMPANY NUMBER: SC340432 (Scotland) REGISTERED CHARITY NUMBER: SC030571 . REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ## FOR ## PEACE CHILDCARE Gilmour Hamilton LLP Statutory Auditor 37 Portland Road KILMARNOCK Ayrshire KA 2DJ . PEACE CHILDCARE . ; ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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) published in October 2019. ## OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the company are: 1. To advance education by - a) providing care for and advancing the education of children of residents of the South West of Scotland ("the Operating Area") outwith school hours and during school holidays, and also in the home environment, and; - b) providing training to carers of schoolchildren, in the skills associated with the care and supervision of schoolchildren and also in the management and operation of educational and recreational facilities provided for such children. 2. To relieve parents resident in the Operating Area who are in need by reason of age, disability, financial hardship or some other disadvantage by providing them with childcare to assist them access work, training or further education. 3. To provide recreational facilities and/or to organise recreational activities for schoolchildren resident in the Operational Area who have need for such facilities or activities by reason of their age or other disadvantage. ## ACHIEVEMENTS AND PERFORMANCE Charitable activities The charity operates out of school care projects across six centres: Annanhill, Dunlop, Gargieston, Loanhead, Onthank and St Andrews. The projects provide care for children before and after school and also during school holidays and in-service days. During the year to 31 March 2025, on average the projects provided before school care for 66 children per day, after school care for 83 children per day, and full day care (during holidays and in-service days) for 26 children per day. A home based Sitter Service is also operated 7 days per week to support parents in line with the charity's objectives, but strictly not for social purposes. The sitter service provided on average 344 hours of care per month in the yearto 31 March 2025. The various projects are staffed by qualified, experienced staff, recruited, vetted and supervised to the highest standards. Appropriate staff training is provided to maintain service delivery standards and to meet the charities training objectives. The charity aims to provide its services with as high a quality and at as affordable a cost as possible. It is registered with and regulated by the Care Inspectorate. All projects have been inspected by the Care Inspectorate and graded at level 5 with no recommendations or requirements. ## FINANCIAL REVIEW Principal funding sources The majority of the charity's income is generally provided by fees charged to users of its services. Investment policy and objectives The trustees consider that the charity's funds should not be exposed to risk. Accordingly the charity has no investments other than funds held on bank deposit from time to time. Page 1 PEACE CHILDCARE . ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ## STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees As (primarily) parent users, Trustees are familiar with the company's activities. New Trustees are invited and encouraged to attend a series of short training sessions (up to 1 hour) to familiarise themselves with the work of PEACE Childcare's trustees and increase understanding of the following: The obligations of the trustees Principal documentation setting out the operational framework for the Charity, including its constitution. Fund resourcing and review of the current financial position, as set out in the latest financial statements and management information. Consideration and assessments of future plans and objectives. A FAQ pack has been prepared, drawing information from various sources, especially the Care Inspectorate, with a view to allaying uncertainties on the part of potential new Trustees and to encourage parent users to consider offering their services as Trustees. Related parties Some of the trustees make use of the childcare facilities provided by the company but they do so on the same terms as any other parent. ## 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. The Trustees have assessed the major risks to which the charity is exposed. Where appropriate, systems and procedures have been established to mitigate any material risks the Charity faces. Regular risk assessments are also carried out at the individual care centres. ## REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number $C340432 (Scotland) ## Registered Charity number $C030571 Registered office Belford Mill 16 Brewery Road Kilmarnock Ayrshire KA1 3HZ Trustees L A Cairns H A Smith (resigned 10/8/24) J Rae F McColl H Salt H N Grant (appointed 6/9/24) A Mullen (appointed 2/12/24) ## Company Secretary Cc Sim Senior Statutory Auditor Neil H McConnell BAcc, CA Page 3 : PEACE CHILDCARE , : ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 9 September 2025 and signed on its behalf by: **==> picture [192 x 45] intentionally omitted <==** **----- Start of picture text -----**
f
* a
L A Cairns - Trustee
**----- End of picture text -----**
Page 5 ## : ‘REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF PEACE CHILDCARE Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. - We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: - adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free fromm material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 7 , ## - REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF PEACE CHILDCARE Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Neil H McConnell BAcc, CA (Senior Statutory Auditor) for and on behalf of Gilmour Hamilton LLP Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 37 Portland Road KILMARNOCK Ayrshire KA1 2DJ 9 September 2025 Page 9 : : PEACE CHILDCARE : ## BALANCE SHEET 31 MARCH 2025 |||2025|2024| |---|---|---|---| |||Unrestricted
fund|Total
funds| ||Notes|£|£| |FIXED ASSETS
Tangible assets|{2|1,548|-| |CURRENT ASSETS
Debtors
Cash atbank and in hand|13|9,978
264,961|8,299
331,525| |||274,939|339,824| |CREDITORS
Amountsfalling duewithin oneyear|14|(28,088)|(31,712)| |NETCURRENTASSETS||246,851|308,112| |TOTAL ASSETS LESS CURRENT
LIABILITIES||248,399|308,112| |NETASSETS||248,399|308,112| |FUNDS
Unrestricted funds|16|248,399|308,112| |||||| |TOTALFUNDS||248,399|308,112| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2025 and were signed on its behalf by: ## HecQhhey Crarib H N Grant - Trustee **==> picture [209 x 26] intentionally omitted <==** **----- Start of picture text -----**
Vet a. NeueCeas
**----- End of picture text -----**
L A Cairns - Trustee The notes form part of these financial statements Page 11 PEACE CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 314 MARCH 2025 . 1. ACCOUNTING POLICIES - continued 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 - 33% on cost Computer equipment - 33.33% on cost Only individual fixed assets costing £400 or more are capitalised. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting The Unrestricted fund can be used in accordance with the charitable objectives at the discretion of the trustees, subject to conditions applying to various small grants awarded to the charity. 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. Operating leases Rentals payable under operating leases are charged on a straight-line basis over the term of the lease unless the rental payments are structured to increase in line with expected inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor. Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial assets, including trade debtors and other receivables, are recognised at transaction price less any impairment. Cash represents cash in hand and at bank, including funds on term deposit Short term trade creditors are measured at transaction price. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 13 continued... ; ; PEACE CHILDCARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 |7.|SUPPORT COSTS- continued|||| |---|---|---|---|---| ||Governance costs have been allocated to care and education ofchildren on|the basis that allocation||is| ||consistent with use of resources.|||| |8.|NET INCOMEKEXPENDITURE)|||| ||Net income/(expenditure) is stated aftercharging/(crediting):|||| |||2025|2024|| |||£|£|| ||Auditors' remuneration|5,040|4,620|| ||Depreciation -owned assets
Otheroperating leases|762
22,478|348
27,230|| |9.|TRUSTEES’ REMUNERATION AND BENEFITS|||| ||There were no trustees’ remuneration or other benefits for the yearended|31 March 2025 nor for the||the| ||yearended 31 March 2024.|||| ||Trustees’ expenses|||| ||There were no
trustees’ expenses paid for the year ended 31 March 2025 nor for the||year ended|ended| ||31 March 2024.|||| |10.|STAFF COSTS|2025|2024|| |||£|£|| ||Wages and salaries
Social security costs
Other pension costs|433,623
19,342
7,684|403,820
15,888
7,598|| |||460,649|427,306|| ||The average monthly number ofemployees during the yearwasas follows:|||| |||2025|2024|| ||Care and education ofchildren
Supportcosts|32
2|32
2|| |||34|34|| There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. No employees received emoluments in excess of £60,000. ## Key management compensation Key management includes members of senior management. The compensation payable to key management for employee services is shown below: |Key management includes members of senior management.
management for employee services is shownshown below:|management. The compensation payable|payable to
key| |---|---|---| ||2025|2024| ||£|£| |Salaries and other shortterm benefits|38,048|32,439| |Most staff work on a part time basis and the estimated average number of full time||equivalent| |employeesis29(2024:29)||| Page 15 continued... ’ PEACE CHILDCARE ; . ## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 **==> picture [465 x 204] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |43.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|2025|2024| |£|£| |Trade debtors|8,757|7,403| |Other debtors|522|-| |Prepayments and accrued|income|699|896| |9,978|8,299| |44.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|2025|2024| |£|£| |Social|security and|other taxes|-|3,118| |Accrued|expenses|9,605|10,840| |Deferred|income|18,483|17,754| |28,088|31,712| **----- End of picture text -----**
Deferred income represents childcare fees paid in advance. All of the sums involved are expected to be released to the Statement of Financial Activities in the coming year. 15. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: **==> picture [465 x 211] intentionally omitted <==** **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Within|one year|6,300|6,300| |146.|MOVEMENT|IN FUNDS|Net| |movement|At| |At|1.4.24|in|funds|31.3.25| |£|£|£| |Unrestricted|funds| |General fund|308,112|(59,713)|248,399| |TOTAL FUNDS|308,112|(59,713)|248,399| |Net movement|in|funds,|included|in|the|above|are|as|follows:| **----- End of picture text -----**
**==> picture [437 x 96] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |E|£|£| |Unrestricted|funds| |General fund|458|954|(518,667)|(59,713)| |TOTAL FUNDS|458|954|(518,667)|(59,713)| **----- End of picture text -----**
Page 17 continued... PEACE CHILDCARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 : . ## 17. RELATED PARTY DISCLOSURES Trustees make use of the childcare facilities provided by the company but they do so on the same terms as any other parent. ## 18. ULTIMATE CONTROLLING PARTY The charity is controlled by the trustees. ## 19. FINANCIAL INSTRUMENTS The carrying amounts of the charity's financial instruments are as follows: ||2025|2024| |---|---|---| ||£|£| |Financial assets||| |Debt instruments measures at amortised cost
-Trade & other debtors
-Prepayments &accrued income|8,757
699|7,403
896| |Financial liabilities||| |Measures at amortised cost
-Accruedexpenses
-Deferredincome|9,605
18,483|10,840
17,754| Page 19 ‘ PEACE CHILDCARE : . **==> picture [473 x 221] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |DETAILED|STATEMENT|OF|FINANCIAL|ACTIVITIES| |FOR THE YEAR ENDED|31|MARCH 2025|2025|2024| |£|£| |Management| |Brought forward|73,351|66,136| |Depreciation|computer equip|762|348| |74,113|66,484| |Finance| |Bank charges|30|30| |Governance|costs| |Auditors’|remuneration|5,040|4,620| |Total|resources expended|518,667|496,212| |Net expenditure|(59,713)|(19,050)| **----- End of picture text -----**
This page does not form part of the statutory financial statements Page 21 REGISTERED COMPANY NUMBER: SC340432 (Scotland) REGISTERED CHARITY NUMBER: SC030571 . REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR PEACE CHILDCARE Gilmour Hamilton LLP Statutory Auditor 37 Portland Road KILMARNOCK Ayrshire KA1 2DJ PEACE CHILDCARE ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |||Page|| |---|---|---|---| |Report oftheTrustees|1|to|5| |Report ofthe IndependentAuditors|6|to|9| |Statement of Financial Activities||10|| |Balance Sheet||11|| |Notes to the Financial Statements|12|to|19| |DetailedStatementofFinancialActivities|20|to|21| ; PEACE CHILDCARE REPORT OF THE TRUSTEES . FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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) published in October 2019. ## OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the company are: 1. To advance education by - a) providing care for and advancing the education of children of residents of the South West of Scotland ("the Operating Area") outwith school hours and during school holidays, and also in the home environment, and; - b) providing training to carers of schoolchildren, in the skills associated with the care and supervision of schoolchildren and also in the management and operation of educational and recreational facilities provided for such children. - 2. To relieve parents resident in the Operating Area who are in need by reason of age, disability, financial hardship or some other disadvantage by providing them with childcare to assist them access work, training or further education. 3. To provide recreational facilities and/or to organise recreational activities for schoolchildren resident in the Operational Area who have need for such facilities or activities by reason of their age or other disadvantage. ## ACHIEVEMENTS AND PERFORMANCE Charitable activities The charity operates out of school care projects across six centres: Annanhill, Duniop, Gargieston, Loanhead, Onthank and St Andrews. The projects provide care for children before and after school and also during school holidays and in-service days. During the year to 31 March 2025, on average the projects provided before school care for 66 children per day, after school care for 83 children per day, and full day care (during holidays and in-service days) for 26 children per day. A home based Sitter Service is also operated 7 days per week to support parents in line with the charity's objectives, but strictly not for social purposes. The sitter service provided on average 344 hours of care per month in the year to 31 March 2025. The various projects are staffed by qualified, experienced staff, recruited, vetted and supervised to the highest standards. Appropriate staff training is provided to maintain service delivery standards and to meet the charities training objectives. The charity aims to provide its services with as high a quality and at as affordable a cost as possible. It is registered with and regulated by the Care Inspectorate. All projects have been inspected by the Care Inspectorate and graded at level 5 with no recommendations or requirements. ## FINANCIAL REVIEW Principal funding sources The majority of the charity's income is generally provided by fees charged to users of its services. Investment policy and objectives The trustees consider that the charity's funds should not be exposed to risk. Accordingly the charity has no investments other than funds held on bank deposit from time to time. Page 1 PEACE CHILDCARE ## REPORT OF THE TRUSTEES , FOR THE YEAR ENDED 31 MARCH 2025 ## FINANCIAL REVIEW ## Reserves policy The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have at between three and six months of operating expenditure. The present level of reserves available achieves this aim. The policy will be reviewed annually to ensure that the level of reserves remains appropriate, providing financial security and stability to the organisation while preparing and implementing plans for development and improvement of the charity's operations with any additional funds available. ## Financial Review The company's expenditure exceeded income by £59,713 during the year and the closing unrestricted fund balance was £248,399. This year childcare fees and other income decreased by £18,208 and expenditure increased by £22,455 - which is mainly attributable to an increase in staff wages. The Trustees will take the necessary steps to ensure incoming resources are sufficient to cover resources expended on an ongoing basis. ## FUTURE PLANS The charity intends to continue to operate the range of care services currently offered. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The liability of each member in the event of a winding up is limited to £1. ## Recruitment and appointment of new trustees The members of the company appoint a board of directors (who must also be members of the company) to generally control and supervise the activities of the company. For the purposes of this report and the financial statements, members of the board of directors have been called "Trustees". The Trustees who served during the year and as at the date of approval of this Report are listed below. ## Organisational structure The board of directors (trustees) of PEACE Childcare consists of up to 10 members, responsible for generally controlling and supervising the activities of the company and monitoring its financial position.The directors elect from among themselves a chairperson and treasurer and such other officers as they consider appropriate. The office bearers may not hold the same office for more than 3 consecutive years. Day to day responsibility for the provision of services is given to the Service Manager, (Craig Sim). The Service Manager has responsibility for the day to day operational management of PEACE Childcare, supervision of the management team and ensuring that projects continue to develop in line with best practice. Page 2 PEACE CHILDCARE ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ## STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees As (primarily) parent users, Trustees are familiar with the company's activities. New Trustees are invited and encouraged to attend a series of short training sessions (up to 1 hour) to familiarise themselves with the work of PEACE Childcare's trustees and increase understanding of the following:- The obligations of the trustees Principal documentation setting out the operational framework for the Charity, including its constitution. Fund resourcing and review of the current financial position, as set out in the latest financial statements and management information. Consideration and assessments of future plans and objectives. A FAQ pack has been prepared, drawing information from various sources, especially the Care Inspectorate, with a view to allaying uncertainties on the part of potential new Trustees and to encourage parent users to consider offering their services as Trustees. ## Related parties Some of the trustees make use of the childcare facilities provided by the company but they do so on the same terms as any other parent. ## 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. The Trustees have assessed the major risks to which the charity is exposed. Where appropriate, systems and procedures have been established to mitigate any material risks the Charity faces. Regular risk assessments are also carried out at the individual care centres. ## REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number $C340432 (Scotland) ## Registered Charity number $C030571 Registered office Belford Mill 16 Brewery Road Kilmarnock Ayrshire KA1 3HZ ## Trustees L ACairns H A Smith (resigned 10/8/24) J Rae F McColl H Salt H N Grant (appointed 6/9/24) A Mullen (appointed 2/12/24) Company Secretary C Sim Senior Statutory Auditor Neil H McConnell BAcc, CA Page 3 PEACE CHILDCARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ## REFERENCE AND ADMINISTRATIVE DETAILS Auditors Gilmour Hamilton LLP Statutory Auditor 37 Portland Road KILMARNOCK Ayrshire KA1 2DJ Bankers Bank of Scotland, 30/34 King Street, KILMARNOCK, Ayrshire. KA1 1NP Solicitors MacRoberts LLP 152 Bath Street Glasgow G2 4TB STATEMENT OF TRUSTEES’ RESPONSIBILITIES The trustees (who are also the directors of Peace Childcare for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware. - there is no relevant audit information of which the charitable company’s auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors, Gilmour Hamilton LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. Page 4 PEACE CHILDCARE . ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 9 September 2025 and signed on its behalf by: **==> picture [193 x 44] intentionally omitted <==** **----- Start of picture text -----**
., /
L A Cairns - Trustee
**----- End of picture text -----**
Page 5 ## REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF PEACE CHILDCARE ## Opinion We have audited the financial statements of Peace Childcare (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). - in our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - - have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. - Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements, and - - the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 6 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF PEACE CHILDCARE Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. - We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: - adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. ## Responsibilities of trustees As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page / ## REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF PEACE CHILDCARE ## Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. A summary of the procedures we designed and executed to detect irregularities, including fraud is set out below: - performing analytical procedures to identify unusual or unexpected relationships that may indicate risks of material misstatement due to fraud and tested accordingly; - - reviewing correspondence with regulatory bodies, such as HMRC, and reviewing documentation for indications of non-compliance with laws and regulations; - - determining whether the accounting policies, treatments and presentation adopted in the financial statements is in accordance with applicable law and United Kingdom Accounting Standards - - in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business; - in addressing the risk of fraud in revenue recognition obtaining an understanding of the controls in place and where possible testing the operating effectiveness of those controls. Substantive tests were executed to supplement testing of controls; - vouching balances and reconciling items in management's key control account reconciliations to supporting documentation as at 31 March 2025; and - carrying out detailed testing, on a sample basis, of material transactions, financial statement categories and baiances to appropriate documentary evidence to verify the completeness, occurrence and accuracy of the reported financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 8 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF PEACE CHILDCARE Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Neil H McConnell BAcc, CA (Senior Statutory Auditor) for and on behalf of Gilmour Hamilton LLP Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 37 Portland Road KILMARNOCK Ayrshire KA1 2DJ 9 September 2025 Page 9 PEACE CHILDCARE ; ‘ ## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 **==> picture [477 x 345] intentionally omitted <==** **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Total| |fund|funds| |Notes|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|2|240|2,729| |Charitable|activities|5| |Care|and|education|of|children|454,363|460,456| |Other|trading|activities|3|178|-| |Investment income|4|4,173|3,977| |Other|income|-|10,000| |Total|458,954|477,162| |EXPENDITURE|ON| |Charitable|activities|6| |Care|and|education|of|children|518,667|496,212| |NET INCOME/(EXPENDITURE)|(59,713)|(19,050)| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|308,112|327,162| |TOTAL FUNDS|CARRIED|FORWARD|248,399|308,112| **----- End of picture text -----**
The notes form part of these financial statements Page 10 PEACE CHILDCARE BALANCE SHEET 31 MARCH 2025 , |||2025|2024| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |FIXED ASSETS|||| |Tangible assets|12|1,548|-| |CURRENTASSETS|||| |Debtors|13|9,978|8,299| |Cash at bank and in hand||264,961|331,525| |||274,939|339,824| |CREDITORS|||| |Amounts falling due within one year|14|(28,088)|(31,712)| |NETCURRENT ASSETS||246,851|308,112| |TOTAL ASSETS LESS CURRENT|||| |LIABILITIES||248,399|308,112| |NETASSETS||248,399|308,112| |FUNDS|16||| |Unrestricted funds||248,399|308,112| |TOTALFUNDS||248,399|308,112| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2025 and were signed on its behalf by: ## HooQhet Greotlb H N Grant - Trustee L A Cairns - Trustee The notes form part of these financial statements Page 11 ## PEACE CHILDCARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basis of preparing the financial statements Peace Childcare is a company limited by guarantee registered in Scotland . In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity's operations and principal activities are set out in the charitable activities section of the trustees report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) published October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’: - the requirements of Section 7 Statement of Cash Flows, - * the requirementof paragraph 3.17(d). ## Income recognition All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, 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. Income received in advance of the provision of childcare is deferred until the criteria for income recognition are met. Income from the provision of childcare is recognised when entitlement has occurred. ## Expenditure recognition 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 and includes irrecoverable value added tax. Employee benefits When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. ## Allocation and apportionment of costs Costs are allocated to the headings to which they are directly attributable. Costs which cannot be directly attributed to particular heading (mainly support costs associated with the operation of the Service Managers general office) are allocated to activities on a basis consistent with the use of resources. Page 12 continued... PEACE CHILDCARE | ## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES - continued 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 - 33% on cost Computer equipment - 33.33% on cost Only individual fixed assets costing £400 or more are capitalised. ## Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting The Unrestricted fund can be used in accordance with the charitable objectives at the discretion of the trustees, subject to conditions applying to various small grants awarded to the charity. 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. Operating leases Rentals payable under operating leases are charged ona straight-line basis over the term of the lease unless the rental payments are structured to increase in line with expected inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor. Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, ona straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial assets, including trade debtors and other receivables, are recognised at transaction price less any impairment. Cash represents cash in hand and at bank, including funds on term deposit Short term trade creditors are measured at transaction price. ## Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 13 continued... PEACE CHILDCARE | . ## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 |2.|DONATIONS AND LEGACIES|DONATIONS AND LEGACIES|||||| |---|---|---|---|---|---|---|---| |||||2025||2024|| ||||||£|£|| ||Donations||||240|2,729|| |3.|OTHER TRADING ACTIVITIES||||||| |||||2025||2024|| ||||||£|£|| ||Fundraising events||||178||-| |4.|INVESTMENT INCOME||||||| |||||2025||2024|| ||||||£|£|| ||Bank deposit interest||||4,173|3,977|| |5,|INCOME FROM CHARITABLE ACTIVITIES||||||| |||||2025||2024|| |||Activity|||£|£|| ||Childcare fees and related||||||| ||income|Care and education of children||454,363||460,456|| |6.|CHARITABLE ACTIVITIES|COSTS|||||| ||||Direct costs|Support&||Totals|| |||||governance|||| |||||costs|||| |||||(note|7)||| ||||£|£||£|| ||2025||||||| ||Care and education of children||444,524|74,143||518,667|| ||2024||||||| ||Care and education of children||429,698|66,514||496|212| |7.|SUPPORT COSTS||||||| ||||||Management||| ||||||2025||2024| ||||||£||£| ||Care and education of children|||66,729||59,863|| ||Governance costs||||7,414|6,651|| |||||74,143||66,514|| 90% of support costs have been allocated to care and education of children with the remaining 10% allocated to governance costs on the basis that allocation is consistent with use of resources. |GOVERNANCE COSTS||| |---|---|---| ||2025|2024| ||£|£| |Auditors remuneration|5,040|4,620| |Supportcosts|2,374|2,031| ||7,414|6,651| Page 14 continued... PEACE CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 7. SUPPORT COSTS - continued Governance costs have been allocated to care and education of children on the basis that allocation is consistent with use of resources. 8. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): **==> picture [438 x 59] intentionally omitted <==** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Auditors’|remuneration|5,040|4,620| |Depreciation|-|owned|assets|762|348| |Other|operating|leases|22,478|27,230| **----- End of picture text -----**
9. 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. 10. STAFF COSTS **==> picture [437 x 78] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2025|2024| |£|£| |Wages|and|salaries|433,623|403,820| |Social|security costs|19,342|15,888| |Other|pension|costs|7,684|7,598| |460,649|427,306| **----- End of picture text -----**
**==> picture [430 x 77] intentionally omitted <==** **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |The|average|monthly|number|of employees|during|the|year was|as|follows:| |2025|2024| |Care|and|education|of|children|32|32| |Support costs|2|2| |34|34| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. Key management compensation Key management includes members of senior management. The compensation payable to management for employee employee services is shown shown below: **==> picture [450 x 69] intentionally omitted <==** **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Key|management|includes|members|of|senior|management.|The|compensation|payable|to|key| |management|for employee employee|services|is shown shown|below:| |2025|2024| |£|£| |Salaries|and|other|short term|benefits|38,048|32,439| **----- End of picture text -----**
Most staff work on a part time basis and the estimated average number of full time equivalent employees is 29 (2024: 29) Page 15 continued... PEACE CHILDCARE ; : ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 41. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ||||||Unrestricted| |---|---|---|---|---|---| ||||||fund| ||||||£| ||INCOME AND ENDOWMENTS FROM||||| ||Donations and legacies||||2,729| ||Charitable activities||||| ||Care and education of children||||460,456| ||Investment income||||3,977| ||Other income||||10,000| ||Total||||477,162| ||EXPENDITURE ON||||| ||Charitable activities||||| ||Care and education of children||||496,212| ||NETINCOME/(EXPENDITURE)||||(19,050)| ||RECONCILIATION OF FUNDS||||| ||Total funds brought forward||||327,162| ||TOTAL FUNDS CARRIED FORWARD||||308,112| |42.|TANGIBLE FIXED ASSETS||||| ||||Fixtures||| ||||and|Computer|| ||||fittings|equipment|Totals| ||||£|£|£| ||COST||||| ||At 1 April 2024||1,421|8,686|10,107| ||Additions
Disposals||-
(1,421)|2,310
(8,686)|2,310
(10,107)| |||.|||| ||At 31 March 2025||-|2,310|2,310| ||DEPRECIATION||||| ||At 1 April 2024||1,421|8,686|10,107| ||Chargeforyear||-|762|762| ||Eliminated on disposal||(1,421)|(8,686)|(10,107)| ||At 31 March 2025||-|762|762| ||NET BOOK VALUE||||| ||At 31 March 2025||-|1,548|1,548| ||At31March2024||-|-|-| Page 16 continued... PEACE CHILDCARE ; ## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ## 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |13.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEARYEAR||| |---|---|---|---| |||2025|2024| |||£|£| ||Trade debtors|8,757|7,403| ||Other debtors|522|-| ||Prepayments and accrued income|699|896| |||9,978|8,299| |14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||| |||2025|2024| |||£|£| ||Socialsecurityandothertaxes|-|3,118| ||Accrued expenses
Deferred income|9,605
18,483|10,840
17,754| |||28,088|31,712| Deferred income represents childcare fees paid in advance. All of the sums involved are expected to be released to the Statement of Financial Activities in the coming year. 15. LEASING AGREEMENTS Minimum tease payments under non-cancellable operating leases fall due as follows: ||||2025|2024| |---|---|---|---|---| ||||£|£| ||Within one year||6,300|6,300| |16.|MOVEMENT IN FUNDS|||| ||||Net|| ||||movement|At| |||At 1.4.24|in funds|31.3.25| |||£|£|£| ||Unrestricted funds|||| ||General fund|308,112|(59,713)|248,399| ||TOTALFUNDS|308,112|(59,713)|248,399| ||Net movement in funds, included in the above are as follows:|||| |||Incoming
resources|Resources
expended|Movement
in funds| |||£|£|£| ||Unrestricted funds|||| ||General fund|458,954|(518,667)|(59,713)| ||TOTALFUNDS|458,954|(518,667)|(59,713)| Page 17 continued... PEACE CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ## 46. MOVEMENT IN FUNDS- continued ## Comparatives for movement in funds **==> picture [437 x 103] intentionally omitted <==** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Net| |movement|At| |At|1.4.23|in|funds|31.3.24| |£|£|£| |Unrestricted|funds| |General|fund|327|162|(19,050)|308,112| |TOTAL|FUNDS|327,162|(19,050)|308,112| **----- End of picture text -----**
Comparative net movement in funds, included in the above are as follows: **==> picture [441 x 93] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|477,162|(496,212)|(19,050)| |TOTAL FUNDS|477,162|(496,212)|(19,050)| **----- End of picture text -----**
A current year 12 months and prior year 12 months combined position is as follows: **==> picture [436 x 103] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Net| |movement|At| |At|1.4.23|in|funds|31.3.25| |£|£|£| |Unrestricted|funds| |General|fund|327,162|(78,763)|248,399| |TOTAL FUNDS|327,162|(78,763)|248,399| **----- End of picture text -----**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: **==> picture [441 x 93] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|936,116|(1,014,879)|(78,763)| |TOTAL|FUNDS|936,116|(1,014,879)|(78,763)| **----- End of picture text -----**
Page 18 continued... PEACE CHILDCARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ; 17. RELATED PARTY DISCLOSURES Trustees make use of the childcare facilities provided by the company but they do so on the same terms as any other parent. 18. ULTIMATE CONTROLLING PARTY The charity is controlled by the trustees. 19. FINANCIAL INSTRUMENTS The carrying amounts of the charity's financial instruments are as follows: ||2025|2024| |---|---|---| ||£|£| |Financial assets||| |Debt instruments measures at amortised cost||| |-Trade & other debtors|8,757|7,403| |- Prepayments & accrued income|699|896| |Financial liabilities||| |Measures at amortised cost||| |-Accrued expenses|9,605|10,840| |-Deferredincome|18,483|17,754| Page 19 PEACE CHILDCARE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 |DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THETHE YEAR ENDED 31 MARCH 2025||| |---|---|---| ||2025|2024| ||£|£| |INCOME AND ENDOWMENTS||| |Donations and legacies||| |Donations|240|2,729| |Other trading activities||| |Fundraising events|178|-| |Investment income||| |Bank deposit interest|4,173|3,977| |Charitable activities||| |Childcare fees and related income|454 363|460,456| |Other income||| |Other income|-|10,000| |Total incoming resources|458,954|477,162| |EXPENDITURE||| |Charitable activities||| |Wages|379,287|357 427| |Social security|15,379|12,927| |Pensions|7,684|7,598| |Rent|16,178|20,930| |Insurance|2,861|5,627| |Telephone|7,311|7,756| |Staffclothing|254|507| |Full day care outings etc.|151|597| |Provisions|7,279|7,546| |Care commission|778|795| |Crafts, sports and play equipment|890|1,156| |Mileage and travel|1,237|1,879| |Postage and stationery|495|333| ||439,484|425,078| |Support costs||| |Management||| |Wages|54,336|46,393| |Social security|3,963|2,961| |Rent|6,300|6,300| |Insurance|3,254|3,483| |Telephone|554|674| |Postage and stationery|1,191|4,830| |Accountancy
Subscriptions|3,053
172|2,742
389| |Credit card fees|128|256| |Sundry expenses|400|1,108| |Carriedforward|73,351|66,136| This page does not form part of the statutory financial statements Page 20 PEACE CHILDCARE : ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 **==> picture [477 x 194] intentionally omitted <==** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2025|2024| |£|£| |Management| |Brought|forward|73,351|66,136| |Depreciation|computer|equip|762|348| |74,113|66,484| |Finance| |Bank|charges|30|30| |Governance|costs| |Auditors’|remuneration|5,040|4,620| |Total|resources|expended|518,667|496,212| |Net expenditure|(59,713)|(19,050)| **----- End of picture text -----**
This page does not form part of the statutory financial statements Page 21