REGISTERED COMPANY NUMBER: SC162633 (Scotland) REGISTERED CHARITY NUMBER: SC039758
REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
FOR
AMCOL SCOTLAND LIMITED
AMCOL SCOTLAND LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
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|Balance|Sheet|13|to|14|
|Cash|Flow|Statement|15|
|Notes|to|the|Cash|Flow|Statement|16|
|Notes|to|the|Financial|Statements|17|to|27|
|Detailed|Statement|of Financial|Activities|28|to|29|
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 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 July 2025. The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and 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) (effective 1 January 2019).
Amcol Scotland Limited is a registered charity in Scotland, registration number SC039758. The Organisation is also a Company limited by guarantee, incorporated on 12 January 1996 and registered as a charity on 25 July 2008. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objective of the charitable company is provision of quality childcare.
Significant activities
These include the provision of childcare, nursery and after school care services for children of adults in full or part time education thereby encouraging adults into further education.
Childcare services are not limited to those in further education and where the allocation of the nursery is not fulfilled by those in further education the additional places are utilised by local authorities, social services and the wider community.
Social investments
The charitable company supports staff, parents and the local community in a number of different ways. During the year the board approved the creation of an annual budget to support local charities, not for profit organisations and clubs.
In 2025 we gave a donation to a local children's football club to support the purchase of new football strips and the rental of training facilities. We also supported the New College Lanarkshire Foundation with regular donations.
We support and engage with the local communities via nursery led events, such as seasonal fayres, quiz nights and afternoon teas. We have also recently installed defib units in all nurseries which are accessible to the local community.
An investment in staff wellbeing was also seen in 2025 with the creation of a new budget for each of the nursery managers to facilitate wellbeing initiatives for their teams. Staff wellbeing was also supported through quality training opportunities to build skillsets enabling staff to develop and progress within their careers. There are also specialised trained staff in areas such as mental health, forest kindergarten and trauma informed practice to support both the staff and children.
We also support parents and families thorough several initiatives including recycling clothes, offering out food donations, lending library services and fun days.
Volunteers
The charitable company does not have any voluntary workers.
STRATEGIC REPORT Achievements and performance
Charitable activities
The charitable company was in control of four children's nurseries throughout the year:-
Firtrees Nursery - Motherwell Fullwood Nursery - Motherwell Meiklewood Nursery - Glasgow Bellwood Nursery - Motherwell
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
STRATEGIC REPORT Achievements and performance
Internal and external factors
As a childcare provider the charitable company is subject to inspection and review by the Care Inspectorate to ensure that National Care and Education standards are met.
Firtrees last inspection was by the Care Inspectorate in May 2024 and it received quality statement grades of: Grade 4 (Good) Nurturing care and support
Grade 5 (Very Good) Play and learning
Grade 4 (Good) Children experience high quality facilities
Grade 4 (Good) Quality assurance and improvement are led well Grade 4 (Good) Staff deployment
Fullwood's last inspection was a joint inspection by the Care Inspectorate and Education Scotland in June 2024 and it received quality statement grades of:
Grade 4 (Good) Nurturing care and support
Grade 4 (Good) Play and learning
Grade 4 (Good) Quality assurance and improvement are led well
Meiklewood's last inspection was by the Care Inspectorate in July 2025 and it received quality statement grades of: Grade 4 (Good) Nurturing care and support
Grade 4 (Good) Play and learning
Grade 4 (Good) Children experience high quality facilities ;
Grade 4 (Good) Quality assurance and improvement are led well Grade 4 (Good) Staff deployment
Bellwood took part in the Care Inspection monitoring program in 2023. This involved inspectors monitoring children from within the playrooms for research purposes. Due to the presence of their staff over various periods of time, this replaced the requirement for a standard inspection. The last inspection was therefore in June 2021 and it received quality statement grades of:
Grade 4 (Good) Children's health and well-being are supported and safeguarded during COVID-19 Grade 4 (Good) Infection prevention and control practices support a safe environment for children and staff Grade 4 (Good) Staffing arrangements are responsive to the changing needs of children during COVID-19
Achievements and Awards
RoSPA Health & Safety
The company holds a RoSPA Order of Distinction Award for Health & Safety. This award acknowledges 23 consecutive years of achieving RoSPA Gold Awards.
Health Promoting Nurseries Scheme
Firtrees nursery achieved the Gold award for Health Promoting Nursery Fullwood nursery achieved the Gold award for Health Promoting Nursery
All nurseries have accreditation and are signed up for Sun Safe Nurseries, ensuring children are kept safe in the sun. Staff also undertake Safe Sleep Scotland training with the Scottish Cot Death Trust.
ECO Schools Program
Firtrees achieved the 7th Green Flag award. Meiklewood achieved the Ist Green Flag award. Fullwood achieved the Ist Green Flag award. Bellwood achieved a silver award and is working towards the Ist Green Flag award.
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
STRATEGIC REPORT
Achievements and performance
Specialist Training
The charity provides 570 training courses for staff including:
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Mandatory training such as Child Protection, Cyber security, GDPR, Health & Safety, Manual Handling
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Specialist training such as Forrest School Leader & Kindergarten Approach, ASD LINK to support Additional Needs; SULP Puppets and MAKATON sign language to support Language and Communication
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STEM to support Science, Technology, Engineering and Maths in Early Years
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Qualified Mental Health First aiders to support staff wellbeing.
Throughout the year the charitable company received positive feedback from governing bodies and clients. All nurseries continue to attract new clients through word-of-mouth recommendations and continuous promotion of their quality childcare services.
Financial review
Principal funding sources
The charitable company's core income is generated from North Lanarkshire Council, Glasgow City Council and private funding in respect of the provision of childcare. In addition to this income the charitable company was in receipt of monies from New College Lanarkshire for the provision of childcare for individuals in further education.
Investment policy and objectives
The trustees regularly review low risk interest bearing savings accounts and make strategic decisions to invest some of the charities funds into those accounts to raise additional funds to aid the charitable activities, whilst maintaining easy access to those funds should those be required.
During the period £32,370 (2024 £20,455) was raised in bank interest from those interest bearing savings accounts.
Reserves policy
The charitable company established a reserves policy whereby the funds are utilised in the current financial year with any surplus being carried forward to the next year and utilised to maintain a high standard of quality childcare within all nurseries.
The charitable company reports a surplus of £42,039 (2024 £499,171) and total funds of £3,660,466 (2024 £3,618,427) for the year ended 31 July 2025.
The surplus reported for the current year was lower due to the granting of a £400,000 donation to New College Lanarkshire to promote and support the interest of the college as our parent company.
Future plans
The charitable company aims to continue to provide a quality childcare provision and to develop and expand, where possible, the provision through opportunities within the Lanarkshire and Glasgow areas.
We will continue to support those furthest away from education through the provision of childcare to enable them to attend further education.
We will continue to support New College Lanarkshire in supporting the wellbeing of students by providing donations to foodbanks and the wellbeing academy.
We will continue to strengthen our links to the local community through our social investment initiatives.
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company gained charitable status on 25 July 2008 and is controlled by it's governing document, the memorandum and articles of association as amended by written resolution on 16 June 2008, and constitutes a limited company as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The directors of the charitable company are also the charity trustees. There is no minimum or maximum number of trustees who can serve on the charity's board. The trustees may appoint a person who is willing to act as a trustee, either to fill a vacancy or as an additional trustee.
Organisational structure
The trustees have overall authority for the charitable company, determining its strategic direction and ensuring it complies with both charity and company law. Trustee Cecilia Devine is also managing director and oversees the day to day running of the charity along with the deputy managing director, Deborah Linnen. Each nursery has a manager who reports to Cecilia Devine and Deborah Linnen.
Induction and training of new trustees
New trustees undertake basic orientation to ensure they are aware of legal obligations under both charity and company law. Prior to their invitations to take up their posts they are already aware of the practical work undertaken by the charitable company.
Key management remuneration
The charitable company is a registered Real Living Wage Employer.
Salaries are reviewed annually and the Board benchmark those against others in the private early years sector.
Wider network
,
The charitable company is not part of any wider networks.
Related parties
Motherwell and Cumbernauld College's merged on 1 November 2013 to create New College Lanarkshire with Coatbridge College joining on 1 April 2014. New College Lanarkshire is the parent of Amcol Scotland Limited and is a related party by that virtue. Trustees Cecilia Devine, Iain Clark and Ann Baxter are employees of New College Lanarkshire. Trustee Ronald Smith is Chairperson of New College Lanarkshire.
Morton Raeside, who is the owner of MR Property Services, is also a related party by virtue of being a connected person to trustee Cecilia Devine.
Additional information regarding related party transactions is set out in Note 20 of the notes to the financial statements.
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The charitable company has detailed risk assessments in place which are working documents and are continuously updated and amended to meet all safety requirements for the charitable business, staff and children. Those are available to all staff, which are reviewed as part of staff inductions as well as at regular intervals thereafter when updates are made.
To ensure cyber security there are several procedures in place to mitigate risk including a Detailed Data Recovery Test Plan, Incident Response Plan, Business Continuity Plan and an Amcol Nursery Cyber Security and IT Disaster Recovery Plan.
The major risks to which the charitable company is exposed, as identified by the trustees, have been reviewed and systems or procedures have been established to manage these risks. Policies and procedures are in place in relation to: Company Finance, Health & Safety, Employment Law, Child Protection and Child Welfare.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number SC162633 (Scotland)
Registered Charity number SC039758
Registered office 1 Enterprise Way Motherwell North Lanarkshire MLI1 2TX
Trustees
J Fairlie C Devine IA Clark A Baxter R Smith
Company Secretary
C Devine
Auditors
McDaid & Partners Chartered Accountants Statutory Auditors Stanley House 69/71 Hamilton Road Motherwell Lanarkshire ML1 3DG
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Virgin Money Cornwall Street East Kilbride G74 1JL
Solicitors
Holmes Mackillop 109 Douglas Street Blythswood Square Glasgow G2 4HB
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Amcol Scotland Limited 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they 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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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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, McDaid & Partners, will be proposed for re-appointment at the forthcoming Annual General Meeting.
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AMCOL SCOTLAND LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
ReportOn ......%. ‘lieineeVZ.).20.2S oes. andne signeda strategic on the board'sreport, behalfapproved by:by order of the board of trustees, as the company directors,
C Devine - Secretary
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF AMCOL SCOTLAND LIMITED
Opinion
We have audited the financial statements of Amcol Scotland Limited (the ‘charitable company’) for the year ended 31 July 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in the preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice)’.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 July 2025 and of its income and expenditure for the year then ended;
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_ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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- 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 (as amended).
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:
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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
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF AMCOL SCOTLAND LIMITED
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:
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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
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the financial statements are not in agreement with the accounting records and returns; or
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- certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, 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.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF AMCOL SCOTLAND LIMITED
Our responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.
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 an auditor's report that includes our opinion. Reasonable assurance 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 reasonable be expected to influence the economic decisions of users taken on the basis of these financial statements.
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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
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evaluates the appropriateness of accounting policies used and reasonableness of accounting estimates.
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- obtains an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
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conclude on the appropriateness of the trustees! use of the going concern basis of accounting and,based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern.
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identify and assess the risks of material misstatement of the entity’s financial statements, whether due to fraud or error, designs and performs audit procedures responsive to those risks, and obtains audit evidence that is sufficient and appropriate to provide a basis for the auditor’s opinion.
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- obtain an understanding of the legal and regulatory frameworks that are applicable to the entity and design audit procedures that are appropriate in the circumstances.
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- design and implement audit procedures to identify non - compliance with the direct and indirect laws and regulations specific to the nature of the entity.
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enquires of management in relation to their assessment of the susceptibility of the financial statements to material misstatement or their knowledge of any actual, suspected, or alleged fraud.
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- there is a presumed significant risk associated with income recognition therefore appropriate audit procedures are designed and implemented to obtain appropriate audit evidence to support the auditor's opinion.
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there is a presumed significant risk associated with management override therefore appropriate audit procedures are designed and implemented to obtain appropriate audit evidence to support the auditor's opinion.
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design and implement audit procedures to identify related parties, unusual or unexpected transactions that are appropriate in the circumstances and obtain appropriate audit evidence to support the auditor's opinion and disclosures within the financial statements.
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.
:
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF AMCOL SCOTLAND LIMITED
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.
ji “ . .
Nicholas Dott (Senior Statutory Auditor)
for and on behalf of McDaid & Partners Chartered Accountants
Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Stanley House
69/71 Hamilton Road
Motherwell Lanarkshire ML1 3DG Date: IM2628..
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AMCOL SCOTLAND LIMITED
‘
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025
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|---|---|---|---|---|---|---|---|
|31.7.25|31.7.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND|ENDOWMENTS FROM|
|Charitable|activities|4|
|Childcare|facilities|5,355,363|-|5,355,363|5,231,459|
|Investment|income|3|32,370|-|32,370|20,455|
|Other|income|5|14,850|-|14,850|-|
|Total|5,402,583|-|5,402,583|5,251,914|
|EXPENDITURE|ON|
|Charitable|activities|6|
|Childcare|facilities|5,360,544|-|5,360,544|4,752,743|
|NET INCOME|42,039|-|42,039|499,171|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|3,618,427|-|3,618,427|3,119,256|
|TOTAL FUNDS|CARRIED FORWARD|3,660,466|-|3,660,466|3,618,427|
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CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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AMCOL SCOTLAND LIMITED
BALANCE SHEET 31 JULY 2025
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|---|---|---|---|---|---|---|---|---|---|
|31.7.25|31.7.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED ASSETS|
|Tangible|assets|13|1,062,878|-|1,062,878|1,090,485|
|CURRENT ASSETS|
|Debtors|14|1,613,546|-|1,613,546|20,015|
|Prepayments|and|accrued|income|29,716|-|29,716|30,903|
|Cash|at bank|and|in|hand|1,228,178|-|1,228,178|2,867,303|
|2,871,440|-|2,871,440|2,918,221|
|CREDITORS|
|Amounts|falling|due|within|one year|15|(273,852)|-|(273,852)|(390,279)|
|NET CURRENT ASSETS|2,597,588|-|2,597,588|2,527,942|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|3,660,466|-|3,660,466|3,618,427|
|NET ASSETS|3,660,466|-|3,660,466|3,618,427|
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The notes form part of these financial statements
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AMCOL SCOTLAND LIMITED
BALANCE SHEET- continued 31 JULY 2025
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|||||
|---|---|---|---|
|FUNDS|18|
|Unrestricted|funds:|
|Unrestricted|funds|3,016,890|2,974,851|
|Share|capital|10,000|10,000|
|Revaluation|reserve|633,576|633,576|
|3,660,466|3,618,427|
|TOTAL FUNDS|3,660,466|3,618,427|
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The financial statements were approved by the Board of Trustees and authorised for issue on Bz \e2s. and were signed on its behalf by:
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J Fairlie - Trustee
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hee paldites C Devine - Trustee
The notes form part of these financial statements
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AMCOL SCOTLAND LIMITED
| CASH FLOWSTATEMENT | CASH FLOWSTATEMENT | ||
|---|---|---|---|
| FOR THEYEARENDED 31 JULY2025 | |||
| 31.7.25 | 31.7.24 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (1,682,752 ) | 623,551 |
| Interestpaid | (3,593 ) | (5,585 ) | |
| Netcash (used in)/provided by operating | activities | (1,686,345 ) | 617,966 |
| Cash flows from investing activities | |||
| Sale oftangible fixed assets | 14,850 | - | |
| Interestreceived | 32,370 | 20,455 | |
| Net cash provided by investing activities | 47,220 | 20,455 | |
| Change in cash and cash equivalents in the | |||
| reporting period | (1,639,125 ) | 638,421 | |
| Cash and cash equivalents at the beginning | |||
| ofthe reporting period | 2,867,303 | 2,228,882 | |
| Cash and cash equivalents at the end ofthe | |||
| reportingperiod | 1,228,178 | 2,867,303 |
The notes form part of these financial statements
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AMCOL SCOTLAND LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2025
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|---|---|---|---|---|---|---|---|
|1.|RECONCILIATION|OF NET INCOME|TO|NET CASH FLOW FROM OPERATING|ACTIVITIES|
|31.7.25|31.7.24|
|£|£|
|Net income|for the|reporting|period|(as|per the|Statement|of Financial|
|Activities)|42,039|499,171|
|Adjustments|for:|
|Depreciation|charges|27,607|27,606|
|Profit|on|disposal|of fixed|assets|(14,850)|-|
|Interest|received|(32,370)|(20,455)|
|Interest paid|3,593|5,585|
|Group|undertakings|movement|(1,600,000|)|2,517|
|Decrease|in|debtors|7,656|18,549|
|(Decrease)/increase|in|creditors|;|(116,427)|90,578|
|Net cash (used in)/provided|by operations|(1,682,752|)|623,551|
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2. ANALYSIS OF CHANGES IN NET FUNDS
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|---|---|---|---|---|---|---|---|
|At|1.8.24|Cash|flow|At|31.7.25|
|£|£|£|
|Net|cash|
|Cash|at bank|and|in hand|2,867,303|(1,639,125|)|1,228,178|
|2,867,303|(1,639,125)|1,228,178|
|Total|2,867,303|(1,639,125)|1,228,178|
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The notes form part of these financial statements
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AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
~
- LEGAL FORM
Amcol Scotland Limited is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found in the report of the trustees under reference and administration details.
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Going concern
The Trustees believe that the financial statements should be prepared on a going concern basis as they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties around the organisation for it not to be considered a going concern. In making the assessment, the trustees have challenged the underlying key assumption and considered different risk scenarios. The trustees have considered a period of 12 months from the date of approval of the financial statements. Within the assessment, the trustees believe that the current and future sources of funding will be more than adequate to support the charity's needs and financial liabilities.
Income
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
The sources of Income come from:
Private Clients.
New College Lanarkshire, Glasgow Clyde College, The University of The West of Scotland in support of students undertaking further education.
North Lanarkshire Council and Glasgow City Council in support of Partnership 3-5 year commissioned places. Routes to Work in support of parents returning to work after periods of unemployment. NLC Early Years in support of parents! experiencing difficulties.
|
Expenditure
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 has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants
Grants received in respect of revenue expenditure are credited to Statement of Financial Activities when they are due.
Government Grants
Government grants are eligible for recognition within the financial statements once they become receivable.
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continued...
- ACCOUNTING POLICIES - continued
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, was amortised evenly over its estimated useful life of three years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost of each asset, less estimated residual value, over its estimated residual life.
Short leasehold - 5% on cost Freehold property - 2% oncost Property improvements - 2% oncost Nursery & kitchen equipment - 15% -20% on cost Office equipment - 33.33% on cost Motor vehicles - 25% on cost
Land and buildings are measured using the revaluation model. Under the revaluation model assets are revalued to fair value. The company has a policy of ensuring a full revaluation takes place at least every 5 years such that the market value is not materially different to the current value. Depreciation and impairment losses are subsequently charged on the revalued amount.
Costs incurred in relation to land and buildings after initial purchase or construction, and prior to valuation, are capitalised to the extent that they increase the expected useful future benefits to the company.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Operating lease
Rental costs in relation to operating leases are charged to the Statement of Financial Activities in the period to which they relate.
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.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
Impairment of assets
At each reporting period end date, the charity review the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.
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continued...
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
2. ACCOUNTING POLICIES - continued
Basic financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|3.|INVESTMENT|INCOME|
|31.7.25|31.7.24|
|£|£|
|Bank|interest|received|;|32,370|20,455|
|4.|INCOME|FROM|CHARITABLE ACTIVITIES|
|31.7.25|31.7.24|
|Activity|£|£|
|Nursery|fees|Childcare|facilities|5,355,363|5,231,459|
|5.|OTHER INCOME|
|31.7.25|31.7.24|
|;|£|£|
|Gain|on|sale|of tangible|fixed|assets|14,850|-|
----- End of picture text -----
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continued...
- CHARITABLE ACTIVITIES COSTS
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Support|
|Direct|costs|(see|
|Costs|note|7)|Totals|
|£|£|£|
|Childcare|facilities|5,337,465|23,079|5,360,544|
|7.|SUPPORT|COSTS|
|Governance|
|costs|
|£|
|Childcare|facilities|23,079|
|8.|NET INCOME/(EXPENDITURE)|
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Net income/(expenditure) is stated after charging/(crediting):
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|31.7.25|31.7.24|
|£|£|
|Auditors'|remuneration|4,740|5,940|
|Auditors'|remuneration|for non|audit work|13,230|12,588|
|Depreciation|-|owned|assets|27,607|27,606|
|Surplus|on|disposal|of fixed|assets|(14,850)|-|
|9.|TRUSTEES'|REMUNERATION|AND|BENEFITS|
|31.7.25|31.7.24|
|.|£|£|
|Trustees'|salaries|1,221|953|
|Trustees'|social|security|169|132|
|1,390|1,085|
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Under the Memorandum and Articles of Association, as passed on 19 June 2008, trustees' remuneration can be paid if it is in the best interests of the charity to employ and remunerate sucha director and that’at any time remunerated trustees are less than the total number of trustees employed.
The remuneration of £1,390 (2024 £1,085) consists of £169 (2024 £132) class la national insurance and £1,221 (2024 £953) benefit in kind for trustee C Devine.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
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continued...
- STAFF COSTS
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
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----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|31.7.25|31.7.24|
|£|£|
|Wages|and|salaries|3,507,700|3,285,081|
|Social|security|costs|298,070|220,589|
|Other pension|costs|58,226|49,887|
|3,863,996|3,555,557|
|Staff other|employment|benefits|totalled|£4,674|(2024|£3,401).|
|The|average|monthly|number of employees|during|the year was|as|follows:|
|31.7.25|31.7.24|
|Nursery|staff|173|172|
|No|employees|received|emoluments|in|excess|of £60,000.|
|Key|management|personnel|employment|benefits|totalled £58,543|(2024|£30,631).|
|11.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME AND|ENDOWMENTS FROM|
|Charitable|activities|
|Childcare|facilities|5,231,459|-|5,231,459|
|Investment|income|20,455|-|20,455|
|Total|5,251,914|-|5,251,914|
|EXPENDITURE|ON|
|Charitable|activities|
|Childcare|facilities|4,752,743|-|4,752,743|
|NET INCOME|499,171|-|499,171|
|RECONCILIATIONTotal|funds|brought|forwardOF FUNDS|3,119,256|;|-|3,119,256|
|TOTAL FUNDS CARRIED FORWARD|3,618,427|-|3,618,427|
----- End of picture text -----
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continued...
- INTANGIBLE FIXED ASSETS
.
.
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
Goodwill £
| £ | |
|---|---|
| COST | |
| At 1 August 2024 and 31 July 2025 | 120,000 |
| AMORTISATION | |
| At 1 August2024 and 31 July 2025 | 120,000 |
| NET BOOKVALUE | |
| At 31 July 2025 | - |
| At31July2024 | : |
13. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Freehold | Short | Property | ||
| property | leasehold | improvements | ||
| £ | £ | £ | ||
| COSTORVALUATION | ||||
| At | August 2024 and 31 July 2025 | 1,080,000 | 113,651 | |
| DEPRECIATION | ||||
| At 1 August2024 | 43,200 | 72,926 | 3,227 | |
| Charge for year | 21,600 | 5,683 | 324 | |
| At 31 July 2025 | 64,800 | 78,609 | 3,551 | |
| NETBOOKVALUE | ||||
| At 31 July 2025 | 1,015,200 | 35,042 | 12,636 | |
| At31 July2024 | 1,036,800 | 40,725 | 12,960 | |
| Nursery& | ||||
| kitchen equipment |
Motor vehicles |
Office equipment |
Totals | |
| £ | £ | £ | £ | |
| COST ORVALUATION | ||||
| At 1 August 2024 and 31 July 2025 | 147,792 | 26,900 | 32,274 | 1,416,804 |
| DEPRECIATION | ||||
| At 1 August 2024 | 147,792 | 26,900 | 32,274 | 326,319 |
| Charge for year | - | - | - | 27,607 |
| At 31 July 2025 | 147,792 | 26,900 | 32,274 | 353,926 |
| NETBOOKVALUE | ||||
| At31 July 2025 | - | - | - | 1,062,878 |
| At31July2024 | - | - | - | 1,090,485 |
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continued...
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
TANGIBLE FIXED ASSETS- continued
Cost or valuation at 31 July 2025 is represented by:
| Freehold | Short | Property | ||||
|---|---|---|---|---|---|---|
| property | leasehold | improvements | ||||
| £ | £ | £ | ||||
| Valuation | in | 2017 | 471,088 | - | - | |
| Valuation | in2022 | 2022 | 130,000 | - | - | |
| Cost | 478,912 | 113,651 | 16,187 | |||
| 1,080,000 | 113,651 | 16,187 | ||||
| Nursery& | ||||||
| kitchen | Motor | Office | ||||
| equipment | vehicles | equipment | Totals | |||
| £ | £ | £ | £ | |||
| Valuation | in | 2017 | - | - | - | 471,088 |
| Valuation | in | 2022 | - | - | - | 130,000 |
| Cost | 147,792 | 26,900 | 32,274 | 815,716 | ||
| 147,792 | 26,900 | 32,274 | 1,416,804 |
The Freehold Property of Fullwood Nursery and Bellwood Nursery were revalued on 1 August 2017 by Whyte & Barrie with revised values of £200,000 and £750,000 respectively. The movement to the revaluation reserve following the valuation was £408,576. The revaluation was incorporated in the year end financial statements ended 31 July 2017.
A further revaluation of the Freehold Property of Fullwood Nursery and Bellwood Nursery was carried out on 12 August 2022 and 11 August 2022 respectively by Whyte & Barrie with revised values of £230,000 for Fullwood Nursery and £850,000 for Bellwood Nursery. The movement to the revaluation reserve following the valuation was £225,000. The revaluation was incorporated in the year end financial statements ended 31 July 2022.
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.7.25 | 31.7.24 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 11,063 | 17,046 |
| Amounts owed by group undertakings | 1,600,000 | - |
| Other debtors | 2,483 | 2,969 |
| 1,613,546 | 20,015 |
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- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|31.7.25|31.7.24|
|£|£|
|Trade|creditors|19,876|91,258|
|Social|security|and|other|taxes|72,010|51,489|
|Other|creditors|154,499|148,055|
|Accruals|27,467|99,477|
|273,852|390,279|
----- End of picture text -----
Included within other creditors is deferred income with regards to funded childcare in advance. A summary of the movement is noted below:
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Balance|at|Released|Deferred|Balance|at|
|31.7.24|31.7.25|31.7.25|31.7.25|
|£|£|£|£|
|Childcare|in|advance|116,284|(116,284)|115,688|115,688|
----- End of picture text -----
- LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|31.7.25|31.7.24|
|£|£|
|Within|one year|80,400|80,400|
|Between|one|and|five|years|321,600|321,600|
|In more|than|five|years|80,400|160,800|
|482,400|562,800|
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- SECURED DEBTS
Clydesdale Bank Plc has a floating charge over the assets and undertakings of the charitable company.
- MOVEMENT IN FUNDS
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.8.24|in|funds|31.7.25|
|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|2,974,851|42,039|3,016,890|
|Share|capital|10,000|-|10,000|
|Revaluation|reserve|633,576|-|633,576|
|3,618,427|42,039|3,660,466|
|TOTAL FUNDS|3,618,427|42,039|3,660,466|
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continued...
Page 24
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
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----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|5,402,583|(5,360,544 )|42,039|
|TOTAL FUNDS|5,402,583|(5,360,544|)|42,039|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1.8.23|in|funds|31.7.24|
|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|2,475,680|499,171|2,974,851|
|Share|capital|10,000|-|10,000|
|Revaluation|reserve|633,576|-|633,576|
|3,119,256|499,171|3,618,427|
|TOTAL FUNDS|3,119,256|499,171|3,618,427|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|5,251,914|(4,752,743|)|499,171|
|TOTAL FUNDS|5,251,914|(4,752,743|)|499,171|
----- End of picture text -----
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AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
18. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.8.23|in|funds|31.7.25|
|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|2,475,680|541,210|3,016,890|
|Share|capital|10,000|-|10,000|
|Revaluation|reserve|633,576|-|633,576|
|3,119,256|541,210|3,660,466|
|TOTAL FUNDS|3,119,256|541,210|3,660,466|
----- 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:
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|10,654,497|(10,113,287)|541,210|
|TOTAL FUNDS|10,654,497|(10,113,287)|541,210|
----- End of picture text -----
- ULTIMATE PARENT COMPANY
The company is a wholly owned subsidiary of New College Lanarkshire, a charity registered in Scotland.
The registered office of the parent, where consolidated accounts are available, is:-
Motherwell Campus 1 Enterprise Way Motherwell MLI 2TX
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continued...
AMCOL SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025
20. RELATED PARTY DISCLOSURES
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with the parent company.
Morton Raeside, who is the owner of MR Property Services, is a connected person to trustee Cecilia Devine. Included within the Statement of Financial Activities are costs of £40,556 (2024 £33,290) and £Nil (2024 £937) paid to MR Property Services in respect of property maintenance and nursery expenses respectively. At the year end a balance remained within trade creditors of £5,466 (2024 £4,817).
Trustees Cecilia Devine, Iain Clark and Ann Baxter are employees of New College Lanarkshire. Trustee Ronald Smith is Chairperson of New College Lanarkshire.
Page 27
AMCOL SCOTLAND LIMITED
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|||||||||
|---|---|---|---|---|---|---|---|
|DETAILED|STATEMENT|OF|FINANCIAL ACTIVITIES|
|FOR THE|YEAR ENDED|31|JULY|2025|
|31.7.25|31.7.24|
|£|£|
|INCOME AND|ENDOWMENTS|
|Investment|income|
|Bank|interest|received|32,370|20,455|
|Charitable|activities|
|Nursery|fees|5,355,363|5,231,459|
|Other|income|
|Gain|on|sale|of tangible|fixed|assets|14,850|-|
|Total|incoming|resources|5,402,583|5,251,914|
|EXPENDITURE|
|Charitable|activities|
|Trustees'|social|security|169|132|
|Wages|3,506,479|3,284,128|
|Social|security|297,901|220,457|
|Pensions|58,226|49,887|
|Rent,|rates &|insurance|317,319|313,228|
|Nursery|expenses|375,583|415,483|
|Heat &|light|61,466|62,516|
|Telephone|20,045|17,009|
|Stationery &|advertising|8,400|8,352|
|Sundries|13,077|20,837|
|Motor expenses|4,855|3,813|
|Staff entertainment|582|820|
|Repairs &|renewals|143,114|165,451|
|Information|technology|costs|37,918|98,476|
|Subscriptions|&|donations|403,430|1,105|
|Human|resources|42,161|30,269|
|Bad|debts|8,353|2,811|
|Staff wellbeing|7,187|-|
|Depn|of freehold|property|21,600|21,600|
|Depn|of short|leasehold|5,683|5,682|
|Depn|of property|improvements|324|324|
|Bank charges &|interest|3,593|5,585|
|5,337,465|4,727,965|
|Support|costs|
|Governance|costs|
|Auditors'|remuneration|4,740|5,940|
|Carried forward|4,740|5,940|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 28
AMCOL SCOTLAND LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|31.7.25|31.7.24|
|£|£|
|Governance|costs|
|Brought|forward|4,740|5,940|
|Auditors'|remuneration|for non|audit work|13,230|12,588|
|Legal &|professional|fees|5,109|6,250|
|23,079|24,778|
|Total|resources|expended|5,360,544|4,752,743|
|Net income|42,039|499,171|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 29