Charity Reglstration No. SC038717 ISGotland) Company Rggistratlon No. SC391fj27 (Scotland) MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
MINNIGAFF COMMUNITY NURSERY {A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trusteos H Evans - Chair K Stevens- Treasurer T McDonald A McKie S Phillips IAppointed 19 November 20241 {Appoinled 18 November 20251 Manageres8 S Drysdale Administrator C Mc¢ore Charity number SC038717 Company number SC391827 Registsred offlce Minni9aff Primary School McGregor Drive Minnigaff Newton Stewart DG8 6PE Independent examlner Lesley Camochan 8Acc CA ITP Mgntpelier Pr¢fessional (Galloway) Limited 1 Dashwood Square Newton Stewart OG8 6EQ Bankers Bank Of Scotland PIC PO Box 17235 Edinburgh EH11 IYH
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Independent examineffs report Statement of financial activities Balance 8heet Notes to the financial ststemenl¥ 7-14
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees present their annual report and financial statements for the year ended 31 October 2025. The financial statements have been prepared in accordance wth the accounting policies set out in note 1 to the financial ststements and comply wth the Charity's governing document, the Companies Act 2006. FRS 102 'The Finanual Reporting Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice appIlble to tharities preparing their accoynts in a¢cordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021.. Objectives and actlvltles The Charity's objects are lo advance the education and social development of pre-school children wrth the emphasis on play experience, so that they lake a conslruclive place in the community and also to advance the education of their p?nts and other appropriate person$. The policies adopted in furtherance of these objects are To provide safe and satisfying group lay and leaming To encourage other charitable activities through whlch the parents may support the development of children and there has been no change In these durtng the year. The charity is making progress in fulfilling its aims and objectives. The trustees have Teferred to the guidance contsined in the Office of the Scottish Charity Regulators general guidance on public benefit when reviewing their objectives and in planning their future a¢livilie$. In particular. the trustees consider how planned activities 11 contribute to the objectives they have set. The charity do•$ not di5tr¢bute grants. Achievgments and perforniance This year we succeeded in implementing our improvement plan priorib.es of 'partnerships wtth parentslcarers and local community" and 'develop our outdoor leaming environment. by PTowding varied opportunities for parentsl carers lo visit the nursery and becomes more invofvetj in what we do. We also updated our outdoor area th new resou$ adding more literacy and numeracy opportunities for the children, We participated in a mock inspection through D&G Council and an Educational Visitor pllot programme to aid ¢onlinuous improvement 8nd in January 25 we had an Hmle inspection whlch where we received a grade of satisfactory. Financial review The charity operated at a 5urplu$ of £39,232 (2024.. £14,490) for the period. The charity is funded primarily by pla¢es belng purthased by D&G Coun1 and by parents.
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 Under the requirements of charity law the trustees are obliged to define the charity's policy for holding reseNes. The intention in establishing this reserves policy is lo ensure the continuation of the ¢harity's activities. The policy will enable the charty to meet its legal objectives, Pfovide confidence to supporters and donors seeking to give financial support lo a prudently controlled charity and to ensure that the reserves ar at 8 level sufficient to discharge all the ¢harity's obli98lions in the event that it should cease operations. A large proportion of the charity's reseNes are held in bank accounts. 1115 the trustees Considered opinion that in the eVt on the charity aving to cease rfs operations there should be sufficlenl reserves available lo allow the charity's obligations to be discharged. The reserves which the charity is required lo maintain are tho$e needed to fund ongoing monthly costs and further development. To this end the trustees have declded that the charity should seek lo have unrestricted resetves which are not invested in fixed assets (free reserves) of a sum equal tg not Te$5 than Six months general running costs of he charity (described in the Statement of Financsal Activities as total resources expended). At present the free reserves, which amount lo t195,709 repsent approximatety 16 months expenditu in the event of a significant drop in funding. Under the charity Constitution, the charity has the power to make any investments which the trustees see fft. The Trustees have assessed the major rfsks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure lo the major risks. ture Plans We wll continue to follow all relevant guidelines to provide a safe and happy environment for all our children, parentslcarers and staff. This year's improvement plan priorrties are"Planning, Tracking and Monitoring" and "SeGuring ChiltJr¢n's Progress.. All stakeholders wll be involved to help improve the nursery where needed. structure. governance and management The Charty is a company limited by guar8ntee was e0gniSed as a charity In Scotland on 18 September 2007, Is operated under the rules of its Constitution dated 18 Apdl 2007 and last revised on 10 November 2008. The Trustees, who are also the diT8Ctors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. H Evans - Chair K Stevens- Treasurer T McDonald V Henry A Fiskin A Vvhite A McKie S Phillips {Resigned 3 JLÉIY 2025) (Resigned 19 November 20241 (Appointed 19 November 2024 and resigned 3 July 2025) (Appointed 19 November 20241 IAppoinled 18 NOVemr 20251 The charfty's strategy and objectives are sel and reviewe(I by the trustees {Managemenl Committee). Directors are appointed at each AGM. None of the Trustees has any bèneficial interest in the company. All of the Trustees are members of the company and guararbtee to contribute £1 in the event of a wnding up. The trustees h8ve delegated the day lo day rnanagement of the charity to the rnanageress. The trustees are elected and co-opted from the membership under the terms of the C¢nslitution. Their indu¢tion is handled by s¢le¢ted trustee5 and the manageress, and involves discussions in respect of the current and tsjture aclvttles of the organisation and a review of the accounts and trustee minute5.
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 Statomant of Trustees, respon$lbilities The Trustees, who are 8lso the directors of Minnigaff Community Nursery for the purp¢Jse of company law, are responsible for PTeparing the TTuslees' Report and the financAal ststemenls in accordance wrth applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice). The Twstees. report was approved by the Board of Trustees. H Evans- Chalr Dated.. 13 May 2026 HdEI fycLVJ
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MINNIGAFF COMMUNITY NURSERY I report on the finan¢ial ststements of the Charity for the year ended 31 October 2025, which are sel out on pages 5 to 14. Respective rnsponsibllltles of Tru$tses and examiner The charity's trustees (who are also the directors of the company for the purposes of Company lawl a responsible for the preparation of the accounts in accordance wlh the tems of the Charities and Tnjsleo Investment {Scollandl Act 2005 and tho Charities A¢Gounts (Scotlandl Regulations 2006. The charity trustees consider Ih8t the audit reqU1ment of Regul8ts"on 10{11 (al lo Ic} of the 2006 Accounts Regulations does not apply. It Is my responsibility lo examine the accounts as qUired under section 44111 {cl of the Act and lo stste whether particular matters have corne to my attention. Basls of indep9ndent examin•r's report My examin?lion was carrTed out in aceordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wlh those records. It also includes consideration of any unusual items or disclosures in the aceoLinls and seeking explanats.ons from you as trustees nCernIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and nseqUentlY I do not express an au(It opinion on the view given by the 8ccounts. Independent examiner's statoment In connection with my examination, no matter has come to my attention.. la> which gives me reasonable cause to believe Ihal in any material respect the requlrements.. {1} to keep accounting re¢ords in accordance wth Sectign 44111 (al of the 2005 Act and regulation 4 of the 2006 Accounts Regulations. lill lo prepare accounts which accord wlh the accounting records and comply wth Regulation 8 of the 2006 A¢Unts Regulation3 have not been mel or Ibl lo which, In my opinion, attention should be dra¥ in order to enable a propef understanding of tt financial statements to be reached. Lesley Camochan 8A¢c CA ITP Montpelier Professional {Gallowayl Limfted 1 Dashwood Square Newton Stewart DG8 6EQ Dated.. 13 May 2026
MINNIGAFF COMMUNITY NURSERY {A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 Unrestrlctsd funds 2025 Unrestrictsd funds 2024 Nots8 Income from: Donations and legacies Charitsble activities Other trading adivities 1.200 177,520 3,154 138,816 1,647 Total income 181,874 140,463 Expendlture on: Charitable activities 142,642 125,973 Net incomo and moyomgnt in funds 39,232 14,490 Reconciliation of funds: Fund balan5 at 1 November 2024 157,470 142,980 Fund balanc•$ at 31 October 2025 196,702 157,470 The 5tstement of financial activthes includes all gains and losses recognised in the year. All income and expenditure deNve from continuing a¢tivilies.
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 OCTOBER 2025 2025 2024 Notes Fixed assets Tangible assets 11 993 1,635 Current assots Cash al bank and In hand 197.803 157,304 Creditorn: amounts falling due within one year 12 12,094) {1,489} Net ¢urrent assets 195,709 155.835 Total 888ets less current Ilabllltles 196,702 157.470 The funds of thè Chartty Unrestricted funds 14 196,702 157,470 198,702 157.470 The company Is entitled lo the exemption from the audit requirement contained in section 477 of the Companles Acl 2006. for the year ended 31 October 2025. The directors acknedge their responsibilities for complying with the requirements ol tr*e Companies Act 2006 wth sPeCt to accountsng record8 and the preparaOn of financial slalemenls. The members have not required the company lo obtsin an audit of its financial statements for the year in question in accordance wth section 476. These financial statements have been prepared in accordance wth the provisions applicable to companie$ Subject to the small companies regime. The financial ststements were approved by the Trustees on 13 May 2026 H Evans - Chair Trustse K Stevens- Treasurer Trustse ALLLJI
MINNIGAFF COMMUNITY NURSERY {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting pollcles Charity inforniation Minnigaff Cornmunity Nursery is a PTivate Company limited by guarantee incorporated in Scotland. The registered office is Minnigaff Primary School, McGregor Drive, Minnigaff, Newton Stewart, DG8 6PE. 1.1 Basls of propardtlon The finanual statements have been prepared in accordance wth the Charity's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applic4ble in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charth'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland {FRS 102}" The Charity 18 a Public Benefit Entity as thfined by FRS 102. The Charity has tsken advantsge of the provisions in the SORP for chartbes not to prepare a ststemenl of cash flows. The financial ststements are ppared in steding, which is the fvnctional currency of the Charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financlal slalements have been prepared under the historical Cost ¢Xsnvention, Imodified to include the revaluation of freehold properties and to Include investment propee$ and certain flnancial instruments at fair valuel. The principal accounting pg1i¢ies adopted are set out below. 1.2 Going concorn Al the time of approving the financial ststemenls. the Trustees have a reasonable expectstion that the Charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Tnslees continue lo adopt the going concem basis of aOUnting in preparing the finan¢i81 ststements. 1.3 Charltsblg funds UnreslriGled fijnds are available for use at the discretion of the Trustees in furtherance of their charEtable objectives. Restricted fvnds are subject to specific ¢onditions by donors or grantors as lo how they may be used. The purposes and use5 of the reslricled funtjs are set out in the notes lo the financial statements. Endowinent funds are subject to Specific condhions by donors that the capitsl must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled to il after any perf0mlan CondOn9 have been met, the amounts can be measured reliably, and it is probable that income Mll be re]ved. Cash donations are Tecognised on receipt. Other donations are cOgnised onoe the Charrty has been notified of the donation. unless performance conditions Tequire deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is ¢ogniSed at the time of the donation. Legacies are recognised on receipt or otherwise if the Chadty has been notified of an impending distribution, the amount is known. and receipt is oxpeGled. If the amount is not known, the legacy is treated as a Contingent asset. 1.5 Expenditurn Resources expended are included in the Slalemenl of Financial Activities on an accwals basi$, inclusive of any VAT whlch cannot be recovered.
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢ountin9 policies Icontlnued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cosl and subsequently measured at cost or valuation, net ol depreciation and any impairnienl1055es. Depreciation is rec¢gnised so as to write off the cost OT valuation of assets less their residual values over thelr usefijl lives on the follown9 bases.. Equipment, fixtures and fittings 20% on reducing balance The gain or loss arising on the disposal of an asset is deterniined as the difference betseert the sale proceeds and the carrying value of the asset, and is recognised In the statement of financial activities. 1.7 Impairment of fixed assgts At each pOrting end date, the Charity reviews the carying amounts of Its tangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indiation exists, the recoverable amoLEnl of the asset is estimated In order lo detsrmine the exlenl of the impairnient Ioss Irf any). 1.8 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposits held at call wlth banks, other short-tem liquid investments with orTginal maturities of three months or less, and bank overdrafts. Bank overdrafts are Shown within borrowings in current liabilities. Baslc financialassets Basic finanual a5sels, which include debtors and cash and bank balances, are Inilialty measured at transaction price including transaction costs and a subSequenY carried at amortised cost using the effective interest method unless the arrangement conslitules a financing transaction, where the transaction Is measured al the present value of the fijture receipts dlscounled at a market rate of interest. Financial assets lassffied as receivable within one year are not amgrtised. Basle flnanclal liabllftles 8asi¢ financial liabilities, including creditors and bank loans are initially cOgniSed al transaGtion price unless the aangement constitutes a financing transaction, where the debt Instrument is measured at the present valu¢ of the future payments di$¢ounled at a market rale of interest. Financial liabilrf(ies classified a5 payable within one year are not amortised. Debt instruments are subsequently carried at amoTtised ¢0st. using the effectfve interest rate method. Trade creditors are obligations to pay for goods or services that have been acqulred in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities if payment 1$ due within one year or les8. If not. they are presented as non-current liabilities. Trade creditors are re¢ognised Initsally al transaction price and subsequently measured at amortised cost using the effeth've intèrest method. Doreeognltion of flnancial liabllfties Financial liabilities a derecognised when the Charity's contrac91 obligations expire or are discharged or ancelled. 1.9 Employee baneffts The cost of any unused holiday entitlement is regnised in the pethod in which the ¢mployee'5 s¢rvices are received. Temilnalion benefits are fecognlsed immediately as an expense when the Charity is demonstrably Gommitted to t¢minale tho employment of an employee or to provide temiination benefits.
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Aecountlng pollcles Icontinuedl 1.10 Retirnment benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from donatlons and legacies Unre$trieted UnrestriGtsd fund$ funds 2025 2024 Donations and g¢fts 1,200 Donations and glfts Other 1,200 1,200 Grants Income from charitable •¢tlvtttes Unrastrtcted funds 2025 Unrestricted funds 2024 Nursery fees Income 177,520 138,816 Charflable tradlng Income Nursery fee income indudes the followng.. 2025 2024 General fees Parents fees Council fees 547 72,940 266 10,081 177,520 338.816
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 In¢ome from other trading actlvltle8 Unrestricted Unrestrlctsd funds funds 2025 2024 Fundraising events 3,154 1,647 Expgnditure on charitablo a¢tiYltle$ Running of Running of nursery nursery 202S 2024 Direct costs Stsff costs Subscriptions Travelling & tsps Stsff expenses Repairs & renewals 129,763 1,361 410 221 4.572 113,902 915 231 555 4,233 136,327 119,836 Sharn of 5UPPOrt and governance co¥ts (see note 61 Support Govemance 4,410 1,905 4.817 1.520 142,642 125,973 Analysls by fund Unrestrtcted funds 142,842 125,973 Support costs allocated to activitl•s Running of nursery Totsl 2025 2024 Depreaation Telephone Ststr"onary & cleanlng Sundry supplies Bank charges Governanee 642 1,251 1,767 409 953 1.572 1,302 381 1,520 423 1,590 6,315 6,137 10-
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Net movement In funds 2025 2024 The nel movement in funds 18 ststed after charging1(creditsngl'. Fees payable for the independent examination of the charity's ffnanclal ststements Deprecialior* of owned tangible fixed assets Loss on disposal ot tangible )Ixed assets 1,590 248 394 1,520 409 Trust•o6 None of the Trustees {or any persons connected with theml received any remuneration or benefrts frum the Charity during the year. During the year no Trustee had expenses ImbLtr$ed {2024 nill. The charity has Trustees Indemnity Insurance in place. Employ80$ The average monthly number of employees during the year was.. 202S Number 2024 Number Nursery stsff Employmgnt costs 2025 2024 Wages and salarles Other pension costs 127,398 2,365 111,931 1,971 129,763 113.902 The charity considers that tts key management personnel comprise of the Nursery Manager. The total employment beneffts including employers National Insurance and employer pensron contributions of the key personnel were £29,42212024.' £26,518> There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from tsxation on ils activitle$ because all its income is applied for charitable purposes. 11
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 ocfoBER 2025 11 Tangible fixed assets Eqwpmeni and ffttlnu5 Cost Al 1 November 2024 Disposals 15.207 14,946} At 31 October 2025 10,281 Deprp¢iation and Impalrnienl At 1 November 2024 DepCIall0n charyed in the year Eliminated in respect of disposals 13,572 248 (4,5521 Al 31 October 2025 9,268 Carrylng amount At 31 O¢tober 2025 993 At 31 October 2024 1,635 12 Craditors: amounts falling due wtthin one year 2025 2024 Other tsxation and Social security Accruals and deferred income 1,204 890 681 788 2,094 1,469 13 Retirement benefit 5Ghemes 2025 2024 Defined contribution schemes Charge to profit or Ios8 in respect of defined ntributiOn schemes 2,365 1,971 The Charity operates a defined ntrIbu'0n penslon scheme for all qualifying employees. The assets of the scheme a held separately from those of the Charty in an independently administered fund. 12-
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 14 Unrestrict•d funds The unrestricted funds of the charity comprise the ursexpended balances of donatigns and grants which a not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted fijnds by the trustee3 for speufic purposes. At1 November 2024 Incoming Rosourcgs At 31 OCtor resour¢ expended 2025 General fijnds 157,470 181,874 {142.6421 196,702 Prevlous year: At1 Novgmber 2023 Incoming resources Rosources At 31 October expended 2024 General funds 142.980 140.463 (125,973} 157,470 15 Anatysis of net a$s•ts between funds Unrestrictsd funds 2025 At 31 Octohr 2025: Tangible assets Current asselsl{liabilities) 993 195,709 196,702 Unrestrfcted funds 2024 At 31 October 2024: Tangible assets Current assetsl(liabilitiesl 1.635 155,835 157,470 16 Company Status The ¢ompany does not have share capital. It 18 limited by guarantee In the lemis of the Companies Act 2006. 13-
MINNIGAFF COMMUNITY NURSERY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2025 17 Ralated party transactions There were no disclosable related paty transartions during the year (2024- none). The Trustees donated a total of £NIL (2024.. £NIL) to the Charfty during the year. 14-