REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR ROSEIURN AFTERSCHOOL CLUB LIMITED A COMPANY LIMZTRD BY GUARANTEE COHPAHY NO. SC248008 (SCOTLAND) $¢gttEsh Charlty 149. SC034306
ROSEBURN AFTERSCHOOL CLU¥ LXMTfED A COMPANY LIMITED BY GUARANTEE CONTENTS FOR THE YEAR EtIDED 31 JULY 2024 P•g¢ Report OF the Dlrectors Statement of Flnarsdal Actlvltfjes (incgrporatlng Income and Expendrture Acrount} Balance Sheet Notes to the Flnanciol Statements 7-12 Independent Examinerfs report to the dlrectors and member5 13
ROSEBURN AFTERSCHOOL CLUB LXMXTED A COMPANY UMITED BY GUARANTEE REPORY OF THE DIRECTORS FOR THE YEAR ENDED 31 JULY 2024 COMPANY INFORMATION DIRECTORS: COMPANY SECRETARY: REGtsTERED OFFICE AND PRXNCXPAL PLACE OF BU51NES5: COMPANY NUMBER: SC248008 CHARITY NUMBÈR: SC034306 INDEPENDENT EXAMINER: Johnstcsn Smillie Ltd Chartered Accout)tants 5 South Gyle Crescent Lane edlnbtsrgh EH12 9EG Page I
ROSEBURN AFTERSCHOOL CLUB LXMXYED A COMPANY LXMITED BY GUARANTEE REPORT OF THE DXREcfoR5 {CONYINVED) FOR THE YEAR ENDED 31 JULY 2024 The dlTectors present thelr report with the financial statements of the company for the year ended 31 July 2024. OB)ECTIVES AND ACTIVITES The principal attivity of the company In the periDd under review was that tsf 2n after-school care club for pupils of Roseburn Prlmary School. The company was incorporated on 18 Aprll 2003 and on l August 2003 It took over the assets ol the unlncorporated or9anisatlon which operated the Club prtor to that date. DIRECTORS The d'.rectory durlng and slnce the year under revlew we. STRUCTURE, GOVERNANCE AND MANAGEMENT The coThpany is limlted by guarantee and is reco9nised by HM Revenue & Custom5 as a ¢hèrity (Charity Re915tration No.SC034306) and registered with the Offlce of tht Scottlsh Charlty Regulator. The company 15 run by the dlrectors who are all volunteers. The induction process of new dirertors involves Informal tralnlng by existlng directors. For the purp(&s of charlty lèw, the director3 are ¢h3rlty tn5Stees. ACHIEVEMENTS AND PERPORMANCE The Roseburn Afterschool Club contlnued to provlde the puplls of Rosebvrn Primary School supervlsed attlvities following the end of the school day for the school year Augtjst 2023 to June 2024. The dub runs MDnd3y to Thursday from 3.00pm to 5-.45pm and on a Fridtsy from 12.. 15pm to 5:45pm. The Club also njfts a breakfast club ead) morning at the school from 7.30am provldlng a nutritlou5 breakfast and supervised rtivitiÉs. The cltsb provldes a Safe and happy envtronment wlth a variety of actlvltle5 on offer from arts ènd crafts, a pool table, a yames console, Computers and a quiet area for homework. Weather permlttlnq, and under supeNlslon, the chllilren can access the playground ancs playlng fields for outdoor games, for example, footbjll and den buildlng. The Club is run by Spring OSCARS, a recognlsed 'sÈThlce provlder. wlth The Care Inspectorate. Oscars have undertaken admiThtratIve ta5k5 and arè the pdnt of contact frjr staff and Clients. Oscar5, representatlve5 meet on a regular basi5 Wlth the parent volunteer committee to discuss all matters relating to the club. A Club rnanager and other staff members ère employed by Spring OSCAAS to provlde the actual thildtare. The most recent Care Setvlce Inspectlon Report 4warded the Club four Grade 4'Very Gootrt. grBdes. 2024 continued to see 8 steady recovery in numbers and the club Is now operatin9 at fvll capaclty with wa¢tin9 11st. Income and expendlture have both decreased in the year due to th¢ tompany wlndlno up. Overall, thL8 resulted in a net deflct of E9,16512023'. defi.clt of £2.463). Pa9e 2
ROSEBURN AFTERSCHOOL CLUB UMITED A COMPANY L1141TED BY GUARANTEE REPOftY OF TME DIRECTORS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 FINANCIAL REVIEW The account5 on pages 5 to 12 shtsw thè Rnancial results and the financlal posltlon 25 at 31 July 2024 whlth Is cOnsered by the d1recto to be 5atlsfactory. The lfttentk)n is to maintain reserves at a level which CDvers at least two months, expendlture and thi5 has been achleved In the current year. The dlrectors will mtsnitor thls and ensu thèt the club can meet all Ilabllltles as they fall due. The flnanclal atementS show a deficit for the year of E9, 165 12023.. deficlt of £2,463) wlth the balanre sheet total unrestr5cted 9eneral funds being £7.756 (2023.. £16,92LI and with net current assets at the year- end of £7,75612023-. £16,921). The major r6sk5 tg which the company Is exposed, as Identlffed by the directors, have been revwed and steps token to mltl9ate these risks. Slnce the ye?r end, the runnlng gf afterschool club has been handed over to a separate OrganItIOn and the directovs of Roseburn Afterschool Club are taklng stèps to dissolve the chèrlty. kESPONSIBILITZES OF THE DIREcfokS The dlrector5 are responslble for preparirTrg the dlrectors, report and the f5nanclal statements In accordan wlth èppllcable laws and regulation5. Company law qUIreS the dlrettors to prepare flnanclal statements for each fin#nclal year. Under that 18 the dlrettors have elected to prepare the flnanoal staternents accordance with Unlted Klngdom Generallv Accepted Accountlng Prarttce Iunited Kingdom Atcountlng Stoftdards and applicable law>. Under company law thè dlrettors must not 8pprDve the financial statements unless they are satlsfied that they glve a true and fair vlew of the state gf affairs of the charltable compar)y and of Its incomsng resources and appllcatlon of resourtrs, including income and expenditvre, for the finandal year. In prerIng those financlal ststem¢nt5 the 01CtOrS are required to. selert 5Ultable accotsntlng policies jrad then apply them conslst*ntly,' ObSere the methods and prlnclples In the appllcable Charltles SOAP,. make Judgements and accountlng estlmates that are reasonable prudent,, prepare the flnanclal statements on the golng conr basis un1¢55 It Is inappr)prr4te to assume that the company wlll £ontÉnue Irtr bu51ness; $tate whether applicable accountln9 Standarils have been follow, 5ub3ect to bny material departures disclcjsed and explalned In the finbncial statements. The dlrectrjrs are responsibte for k¢ÉpTrn9 adequate accountlrkg retords that are suffident to show and explaln the ¢Cimpany's transactlons and dlstlose with reasonable accuracy at any ttme the financlal p051tioA of the charlty and enable them to ensure that the flnanclal 5tatEments cornply wllh the Companles Act 2006, the Charltles and Trustee Investment (Scotlan¢Jl A¢( 2005, the Charltles Accounts (Scotland) Regulations 2006 (os amended) and the Memornndum and Articles of A5s0clatlon of the ¢har¥(y. They are also responsible for safeguarding the assets OF the Char and hence for toking Teasonoble steps for the preventlon and detettion of fraud and other Irre9ularitles. The dlrectors are responslble for the malntenance and Integrtty of the charity and financlal informotlon InLluded on the charlty'$ websité. Legislatlon In the United Kingdom govern4n9 the preparath)n and dis5emlnation of f5nanclal statements m&y ditfer frorn leglslatlDn other Juri3dirtion$. Page 3
ROSEBURN AFTERSCHOOL CLUB LIMITED A COMPANY LTMITED BY GUARANTEE REPORT OF THE DIREcfoRS (CONTINVED) FOR THE YtAft ENDED 31 JULY 2024 RESPONSIBILMES OF THE DIRECTORS (CONT'D) Thls report has been prepare<l In accordance wlth the Statement of Rècommended Prartlce - Accountlng and Reporting by Charities IFRS 1021 and wfjth the prov151ons applicable io companles 5ubJett ts) the 5mill compBnles reglme withln Part 15 of tho Companles Act 2006. ON BEHALF OF THE OOARD: 2L) Page 4
ROSEBURN AFTERSCHOOL CLUB LIMITED A COMPANY LIMITED B Y GUARANTEE STATEMENT OF FINANCIAL ACTIVXTES XNCORPORATXNG 114COME AND EXPENDThURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 GENERAL FUND 2024 2023 Notes XNCOME AND ENDOWMENTS FROM: Charltable artlvltles TOTAL ZNCOME EXPENDITURE ON: Charitable actlvltles TOTAL EXP8NiirruRE NET XNCOMf/(EXPENDITIIRE) (9.165) (2,463) Transfers between fur)ds NET MOVEMENT IN FU14DS (9,165) 12,463) RECONCXUATION OF FUNDS.. Total funds brought forwttrd 16,921 19,384 TOTAL FUNDS CARRIED FORWARD The notes on pèoes 7 to 12 fomi part of thÈ5e financlal Statements. All ol th¢ athvlties of the charlty )re ¢las5ed as contlnulnu. Page 5
ROSEbURN AFfERSCHOOL CLUZ LIMITED A COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 JULY 2024 2024 2023 Notes FED ASSETS,. CiIRRENT ASSETS: Debtors Cash it bank and In hand 324 3,884 io,oio 34,559 CREDITORS: Amounts falllng ¢Jue wlthin one year NET CURRENT ASSETS: TOTAL ASSETS LESS CURRENT LIABILITIES: UNRESTRICTED FUNDS: General lund For the financlal year ended 31 3uly 2024 the tompany was entitled to exemptlon from audlt under settlon 477 of the Companles Act 2006 rÈlatlng to small COMnIes. No member of the company ha5 dep051ted a notice, pursu4nt to settlon 476, requlrlrLg ath audlt of these fin4ntial statements under the requlrements of the Companle5 Act 2006. The dlrectors acknowledgè thelr responslbllltle5 for.. (a) En5urin9 that the company keeps accountlng records which comply wlth sethon 386 of the Companie5 Act 2006 and (bl pparIng flnanclal statements whlch glve a tnje and fair vlew of the 5tste of affairs ol the c¢rnpany 05 at the end of the flnancial year and of Its intt*me and expendlture for the finanal year In ccordaA¢e wlth the reoulrements of Sectlons 394 and 395 and whith OtherlSe comply wlth the reoulrements of the Companle5 Act 2006 relating to financi81 statements, so far 05 15 appllcable to the company. These financlal statements have been ppared in accordance wlth the provislons appllcable to compaTrles $ubject to the srnll tompanles re9lme withln Port 15 of the Compafiles Act 2DO6. ON BEHALF OF THE BOARD: Approved by ihe Board on 2J Comp•ny Re9lsiratlon No. SC248008 The notes on pages 7 to 12 form part or these finandal statements. Pa9e 6
ROSEBUkll AFTERSCHOOL CLUB LIMITED A COMPANY LIMITED BY GiIARANfEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 I. ACCOUN71NG POLICIES Actotsnt5ng conveDtIo The fiThanclal statements have been prepared under the historlcal cost cottventlon wlth Items recoonised at cost Dr transaciion value unless otherwlse stated In thÈ rElevèht note to these counts. The financlal statements have been prepared in èc£ordance wilh Accountlng and Reportlng by Chatities= Statement of Recommended Prartlce appllcable to charities prÈparlng their accounts in ccordaTrce wlth the Financial Reporting Standard applicgble in the UK and Repvbllc of Ireland {FRS 1021 leffettivÈ l January 2019} - Icharities SORP FRS 102), the Finènclal Reportinp Standard appllcabk In the UK and Kepubllc of Irel)nd IFRS 102} and the Companles Act 2006. The Charlty constltutes a public beneflt entlty as deflned by FR5102. These financial ststements are presented in pounds sterfing IGBPI as that is the currency In which the charlty's trdnsactlons are denomlnated. All amDLtnts are rounded to the ryearest £. The preparation of financlal statements rÈqulres the use of rtain crlucal ac(ountbng esti¥nates. It Iso reqvlres tnistees to exerclse their ludyement In the process of applyiAg the accountlng pollcles. Use of avallable Infomiatlon attd applitatlon of Jud9ement ère Inherent In the fomatlon of estimates. The charfty hos now handeij over the operatlon of the afterschool club to a Separate oruanlsatlon and has begun the prsS of wlndlng up. Therefore, the accounts for the year ended 31 July 2024 h)ve not been prepared on a 9oln9 con¢em basls. InrnIng resour Income Is recognsed when the charity has entitlement to the fund5, any perfom)ance condltlons atta¢hed tts the items of Sncome have béen rnet. * 15 probable that the In¢ome wlll be recelved, and the amount can be measured rèllably. For donatlon5 to be recognlsed the ¢harity wlll have been notsried of the amounts Jnd the settlement date In wrltlTrg. If there are conditbns attached tts the donatlon and thls require5 a level of perfomiance before entitlernent can be obt¥&ined, then Income Is deferred until those condltions are fully met or the fulfillment of those conditon5 IS withln ihe control of the chartty and It Is probèble that they wlll be fulfilled. Any Income whlth relat¢d to • perlod gut-wlth the one under revlew Is tated a5 deferred. Voluntsry Incorne receSved by way of grants, glfts or donatksns Is Included In thè Income and Expendlture Account and Statement of Flnanclal ACtvItIeS when rereived. Gifts In klnd are Included at e5tlmated market value. Debtor Trade and other debtors ore recogni5ed at the settlement amotsnt due. Re•ources Expended Resou$ expended are Included in the Ststement of Financial ActleS on an accruals basis. They are recognised once there is a legal or constwctlve obllgal40n to make a payment to a third party, It i5 proboble that settlement wlll be requlred, and the amount of the obligatlon eart be measured reliably. ExpettdltiJ 15 cla55ified under the following octlvlty head£n93-. charable expenditure comprlses those c¢sts Incurred by the charfty In the dellvery of its ctlvlt1È5 and servlce5 ft)r its benefiuarfes Governance costs comprise all costs as50clated wlth the govemance arrangement$ of the chadty includin9 the cost of an external independent examlnation. Credlto Credltors are recoynised where the chèrSty has a present obligatlor¥ resulting from a past event that wlll probably result the transfer of fund5 to a thlrd party and the am¢unt due tD settle the li)blllty can be measured reliably. PagE 7
ROSEBURN AFYERSCHOOL CLUS LIMITED A COMPANY LIMITED BY GUARhNTEE NOTES TO THE FINANCIAL STATEMENTS (CONT'D) FOR THE YeAR ENDED 31 JULY 2024 ACCOU14TXNG POLICIES (CONT'D) Tbnglbl¢ Flxed Assets and dÈprèciatlon Items of equlpment costlng over £250 a capltallsed at cost. Fixed assets a depreclated on a stralght.liTr¢ bos15 at 25% per annLm. Irrecoverablè v•lue •dded tax. As the company 15 not reglstered for VAT, u)sts include Irrecoverable VAT. The ¢ompany operate5 U5irng one general fur%d for all income and expensjiture, Legal st•tus of the ch¥èrfty The charity is a company Ilmited by gtsarantee has no share ¢apltal. The Ilability of eath member In the event of a wind¢ng-up is Iimlted to £1, T•xallon The company Is recogrtised as a charjty by HM Revenue & Cusioms. Accor<lingly, no Ilability to taxation will artse On its income. Pensltsn The ¢hartty contribsjtes to a deflned conttabutiorn scheme for its staff. The penslon costs the accounts represent the contrlbutlons payable by the charlty for the year. Fihahd•l Inrtruments A flnancial asset or a financial Ilablllty Is recognised only when the entity becomes a party to the contrirtual prov151ons of the Instrument. Easlc finaaclal instruments are initl8lly reco9nised at the amount recelvable or payable including any related transattion costs. unless the arrangement CQF15tstutes a flnanclng transaction, where St is recognised at the present value tsf the future payments d15courited at a market r4te of Interest for simlar debt Instryment. Current assets and current liabllities 8re sub5eqyently measured at the cash or other con51deratlon experted to be pald or recelved and rtot dlscounted. PagÈ 8
ROSEBURN AFfERSCHOOL CLUB LXMITED A COMPANY LZMITED BY GUARANTEE NOTES TO THE FINANCLAL STATEMENTS (CONY'D) FOR THÈ YEAR EWDED 31 JULY 2024 An•ly•is of Incomè Total 2024 Yot•l 2023 Incom¢ from ¢h•rltable actlvltle$ Fees Income from charitable actlvltles was £35,686 (2023.. £78,286), of whlch £35.686 was unrestrlcted (2023.. £78,286} and £nil restritted 12023.. £nlll. 3. Analysls of EXpondIrn Total 2024 Total 2023 ExpÈndttuM ott charltabh *¢tlv5tl•¥ Professlonal fees staff ¢0sts Equipment Food & Entertainment Room hlres Staff tralning Dlsclosure Insurance Telephone Sundry Subscrlptlon5 8,233 28,353 4,03B 492 15,600 57,123 3,457 900 X51 143 513 170 242 320 402 286 17 768 Govèmance.. Independent examinatlon eThdltsJre OTr Charable activitles wa5 £44,851 12023,. £80,749), of whSch £44,851 wa5 unrestrl¢ted (2023,. £80.749) and £nil restri¢ted {2023: £nil). Pa9e 9
ROSEBURN AFTÈRSCHOOL CLU8 LIMITED A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (cot4T'D) FOR THE YEAR ENDED 31 JULY 2024 4. STAFF COSTS 2024 2023 Wages and Salarles Employers, National Insurance Employer Penslon Contributlons 27,644 565 144 54,308 2,219 596 No rernunerallon or expenses wa5 paid to any dirertor ¢uThng the year. staff emolLtments exceeded £60,000 In the year. Stsff a not employed direttly by Roseburn Afterschool Club but instead by Out of School StotlarÈd Llmited (OSCARS). Involces are i55ued to the Club monthly in arrears. On o¢casion temporary agency staff are requtred to provide cover for holidays and for other events. The cost of these totals El,003 12023 - EI,7421 and Is intluded above. The average monthly number Df èmployees during the year was as follows: Carers 5. IIIDEPENDENT EXAMINER'S REMVNERATXON The independEnt examlner's remuneration constituted an examination fee of £2,196 (2023: £2.196). TANGIBLE FZXED ASSETS Offl¢e Equipment Cost At I Au9USt 2023 Addltlons Disposals At 31 July 2024 5.910 15,9101 Deprecl•tlon At l August 2023 Charge for Year Deprec4ation Thsposals 5.910 (5,910) At 31 July 2024 Net Bt)ok Value At31 July 2024 At 31)uly 2023 Page 10
ROSEBUXN AFTERSCHOOL CLUB LIMITED A COMPANY LIMXTED BY GUARANTEE NOTES TQ THE FINANCIAL STATEMENTS (CONT'D) FOR THE YEAR ENDED 31 JULY 2024 DEMTORS: AMOUNTS FALUNG DUE WZTHIN ONE YEAR 2024 2D23 Trade Debtors Prepayments 3,596 288 324 324 ¢REozfoR5; AMOUNTS FALLZNG DUE WITHIN ONE YEAR 2024 2023 AccnFed Expenses Otferred Incorne 2,254 14,085 DEFERRED XNCOME 2024 2023 Deferred Income at 31 July 2023 RelÈasÈd t¢ Income & expendltu Ad4iUon In year, dub In¢ome pald In advan 3,553 13,5531 3,536 (3.5361 10. ANALYSIS OF NET ASSETS BETWEEII FUIIDS Geheral Yot•l 2024 Tot•1 2023 2024 Fixed Asset5 Current Assets Current Ilablllijes 10,010 io,oio 34,559 11, MOVEMENT IN FUt4DS At31 july 2023 Inctsrnln9 Resource$ Outgolng Resources At31 July 2024 Unrestricted General Fund Page 11
ROSEBURN AFTERSCHOOL CLUB LIMITED A CONPANY LIMITED BY GUARANTEE NOTES TO THE FX14AMCIAL STATEMENTS (CONT'D) FOR THE YEAR ENDED 31 JULY 2024 12. RELATED PARTY TRA14SACTIONS The direttors use the after-school club for thelr own children however there are nts d*s¢outI or 5pocial offers made avallEble lo thern. Page 12
INDEPENDENT EXAblINERS REPORT TO THE DERECTORS AND MEMBERS OF ROSE8URN AFTERSCHOOL CLUB LZMITED, A COMPANY LIMITED BY GUARANTEE FOR THE YEAR ENDED 31 JULY 2024 I report on thè attovnts of the chadty for the year ended 31 July 2024 which are set out Dn page5 5 to 12. This report is made t¢ the Directors, as a body. in ac¢ordantr with the term5 01 my engagement. My work has been undertaken to Enable m¢ to pOrt my opinlon as set our below ènd for no other purpose, To the ftjllest extent permltteLS to me by lèw, L do llDt accept Dr assume responsiblllty to anyone other than the Charity and the Dlrerto, a5 J body. for my s¥ork or for thi5 reptsrt. Respective Responsibllltles ot Dlrectors ?nd Examlner The Directors ère responsib for the preparatlon of the accounts in ac¢ordance wlth the terms of the Chèrltiés and Trustee Inve$tment IScotl8ndl Aci 2005 and the Charities Accounts {Scotlandl Regulations 2006 as mended. The Directors conslder that the audst requirement of regulatlon IOIII (a) to Icl of the Accgvnts Regulaiions does not apply. It 15 my re5pDnslbllity to examlne the accounts as Quired under sectton 44111 1¢) of the A¢t and to state whether partlcular matters have ¢ume to my attention. of Independent fxamlner'$ St•tem•nt My examination Is carrled out Ir3 attordance wlth re9ul3tlon 11 of the Charities AccoUt5 (Scotland) RegLtlatltsns 2006 as amended. Ar examlnatlon Includes a revlew of the accovntir¢g records kept by the charity and a comparison of the atcounts presented wlth those cords. It also Includes consideratlon of any vnusual it2ms or disr105tsres In the accounts, and seeks explanations from the trustees concerning any such mèttets. The procedures undertaken do not provide all the evidence that would be requlred in an and cortseqtsently I do not express an audit opinlon on the vlew 9iven by the acc04Jnts. lttdèpndeRt Examlnerf¥ Sttttement In the course of my exarnlnatlon. no matter has ¢(>mè to my ottentir)n'. whith gives me reasonable cause to believe that in any material respect the reouirements.. to keep accountlng rè¢ords in accordance wlth Sectlon 4411 I la) of the 2005 Act and Regulatlon 4 of the 2006 Accounts Regulatlons as amended, and to prepa actount5 whlch accord wSth the accountlng records and comply wlth reyulaiion 8 of the 2006 Accouftts Regulation5 as amended hove not been met, or 2. to whith, in my opSnlon, attentlon should be drawn In order to enable a proper undetstandln9 of thE accounts to be re Johrtston Sm5111e Ltd Chartered Accountants 5 Soyth Gyltt Ct Lane Edlnburgh EM12 9EG os Relevant professional body: The Institute of Chartered Ac¢ountsnts in England and Wal¢s Page 13