CHARITY REGISTRATION NUMBER: SC039794 Bright Horizons Day Care Centre Financial Statements 31 October 2024
Bright Horizons Day Care Centre Trustees. Annual Report Year ended 31 October 2024 The members, wtho are also the directors for the purposes of company law, present their wport and thè financial statement5 of the charty for the year en¢Jed 31 OclDD8r 2024. Referenco and admlnlstratlvè dgtalls Reglster9d charity name Bright Horizons Day Care Centre Charlty r•glstration number SC039794 Prlncipol office and reglster•d office Leuchars Station Leuchars Fifo KY16 OJX Appointed Resigned The tru5te0$ Accountant Walk8r Dunnett & Co Chartère¢ accountant 29 Commercial Street Dunde& DD13DG
Bright Horizons Day Care Centre Members. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 October 2024 Legal Status The Association is 8 recognised uninctsrporated charity, nurnber SC039794 and the purpose and administration arrangement5 are set out in tt)e constitution. Goveming docurnent The governing document is the constitution and ru16s of the eharity, last updated 26 April 2021. Trustee recruitment, appolntment, Indu¢tlon and tralnlng There is no fomial policy for the recruitment. appointment, induction or training of trustees and there is no 'me limit on the length of b'me a trustee can serve. Risk Managemgnt The Trustees have assessed the major risks to which the charity is exposed, in parkncular those relating to the operations and financgs of th$ charity and are $8tisfied that systerns are in pla to mitigate exposure to those risks. Oblectlv85 and activities The principal activity of th8 charity during the year. as recorded in our constitution. are to promote the care and education of ¢hildren in need of care. in an enwronrnent where they feel both safe 8nd valued ancl to promote this during and out of school hours and to promote the provisions of facilities for the CreatiOn and other le15ure time of such child ensuring their social welfare is impromng their conditions of life. AchSevem8nts and perforniance The day care centre continues to oper8te from prernises tswned by Leuchars Station. free of charg&. There are 8greements in place that the charity have to maintain the prernises at their cost. In the cUrt financial ye8r. we maintained our good rating 8s a trusted early years seNice provider. The number of childn reduce(S from previous years which is reflected in the grant money CeIVed from Fif8 Council. Finan¢lal r•view The total Incorne generated in the year was £495,860. which includes the 8bove grant, grant5 from Fife Council and parent fees. Interest on bank deposits 01 £1,976, were also received. The largest cost 15 Staff salaries and the expensès ol this in the accounts totalled £447.561. We are aware of all costs going up and we monitor these on a monthly basis. The deficit lor the year was £30,716 Plans for future period$ The charity p18ns on providing nursery services to pre4school children. A5 ststed the nursery wryll make plans to expand thelr offering if and when Leuchars Station as a Military base expands.
Brlght Horlzons Day Care Centre ' Members. Annual Report {InGorporatlng the Director's Report) (contlnued) .6.,1 Year ended 31 October 2024 Ros¢r4•s Poll¢y Th8 tricted fund was used In Ilils year Ivr Ilie ro1urbhrnènl work thal wa5 neoded. AH Olher lund$ 8rg Unr8BtriCt. 1 Th8 ItUStees have f¢x many years kept £SO.DOO of this unrostric18d funds a d$9n31ed fund for polonlial redund4nciè$ rf th8 nutsery needed to c105e. fuThJ Is lust degignatsd a$ such, and Is nol a provision lor future Ik'J li8bililios tts the oharily h4s no iDlention of GIDSing. Trust&e$' r88ponsibllltlos statement Th6 Iruslees are r8$ponsible for preparing Ihfj trustees. rgpon an¢ the financial Stslements In èc¢ordance with applic8blLI law and Uniied Kingdom Accounting Standards (United lfjngdorn Generalty Acc6Pted A¢Unting Prac¢ic}. The18w applicgble to chariti¢$ in Scotland reque$ the charity Iruslee$ lo prèp8r8 financsal statements for each year which giv& a true and fair view of the state of affar5 of the cornpany and gf the Ineorning resources and application of resources. of the company for Ihat period. In preparing Ih8se financial st8ternents, Ihe members are required to= sele¢l suitabl8 accounting policres and then apply tIrn Gonsi51entty.' ' observe the method5 and principl8s in the appliGqble Charitiès SORP., ' rllake iudgmènt5 and aecouniing estlmates thal are re850nabltr and prudent.. ' prepar8 the fjn8ncil statements on the 90in9 concom basis unless It Is inapproprfate to presume that the ¢harsty will conbnue in busint$s. The Injslees are responsible for keeping adequate attounting records that arè SUffient to show and explain tre comp8FYyS trans&ctson5 and ¢Yisclose wth rea50n8ble accuracy al any time the financial poiition of the company end enabl8 them to ensure that the financial ststement5 comply vth the Charities and Trustees Investments Iscollandl Act., 2005, Ihe Charity Accounts Iseotlandl Regulations 20(, and the provtsions of the Trust Deed. They are also responsible for safeguar(Jing the assets ol the company and henGg for taking asOnable steps for Ihtr prevenllon and ¢eie¢iion of loud and other irregulanlies. Independent Examlnatlon We believè that as a result of a roduction in turnover, an Independent examination will be ru$red this year. We wll l>ry..:, ..,,. monitor the income and 0er Slalulory thresh1d$ and if an audil is necessary in future. wo will appoint an auditor at that m¢. e In151ees' annual report was approved on 29 July 2025 and Signed on behalf of the board of trustees by.
Bright Horfzons Day Care Centre Independent ExamineVs Report to the trustee of Bright Horizons Day Care Centre for the year ended 31 October 2024 I report lo the charty Irusl8es on my examinalKJn of the a¢counts of the charity for the year ended 31 October 2024 which are sel out on pages 5 to 8. Respgctlve responslbilities of trustees and examiner The charitys trustees are responsible for the preparation of the accounts in accordance wllh tha term8 of the Charities and Trustee Investment (Scollandl Act 20D5 and the Charities Account5 (Scollandl Regulations 2006. The charity trustees consider that the audil requirement of Regulation 10111 Idl of the A¢counls Regulaliong does not apply. It is my rgsponsibilily to examine the accounts as required under section 44111 Icl of the Act and lo slate whether particular rnatters have come to my attention. Ba$ls of independent examlnerfs report My examination is carried out in accordance with Regulation 11 of the Charitie5 A¢counls (Scollandl Regulations 2006. An exarninalion includes a review of the accounting records kept by the charity and a comparison of the accounts pre8enled wlh those records. 11 also includes consideration of any unusual rL&ms 01 disclosures in the accounts and seeks explanations from the Iruslees eonceming any such matters. The procedures undertaken do not provide all eviden th81 would be requirècl in an audit and, consequently, I do not express an audrt opinion on the a¢¢ounls. Independent examln8r's Statement I have completed my examination. I confirm that no m*erial matters have come lo my attention in connection wf(h the examination giving me cause lo believg that in any material respect.. to keep accounting records in accoieancè wtth section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulation5, and 2. to prepare accounts which accord with the accounting records and rmplY with Regulation 8 of the 2006 Accounts Regulations I have no ccjncerns and have Come across no other matters in connection with the examination lo which attenti¢n sh¢uld be drawn In this report in order to enable a proper understanding of the tccounls to be reached. ivalk-r Dunnett & Co Chartered A¢countanls 29 Commercial Street Dundee DD1 3DG Date.. 29 July 2D25
Bright Horizons Day Care Centre Statement of Financial Activities Year ended 31 October 2024 2024 2023 Unrestricted Restricted Funds Funds Total funds Total funds Note Not8 Income and endowments Nursery Fees Fundraising Fife Counal Grants Meals 212,567 1.730 264,306 15,281 212.567 1,730 264.306 15,281 225.591 766 293,555 8.828 83,136 1,050 610.925 Grants Interest 1.976 495.860 1.976 495.860 rDtal incom Expenditure Wages Pensions staff Training Child Meal EKDen583 Cleaning Intemet and Telephone AdvertisinglAdministration InsuranTrllnspe¢tionlSubsuipb"ons Repairs 8nd Renewals Toys 8nd replacements Sundry Expenses Accountancy Fees DepCiation Bank charges Total expendltu 447.561 447.561 8,986 1,467 12.317 13,060 2,026 453.185 8,835 722 8,966 1.467 12.317 10.957 13,060 2,026 5.043 9,887 8,605 2,467 1,484 5.869 84.675 16,059 9.099 5.043 9,887 2.973 15.234 3,796 1.850 2,293 101 2.973 15,234 3,796 1,850 2.293 101 8,076 2,412 94 526,576 526,576 612,538 Net incomellexpendtturel Transfer from unre$tri¢t•d fund 130,7161 130,7161 11.6121 Total Funds brought forward 185.131 185,131 186,743 Totsl lund¥ ¢arrl¢d forward 154,416 154.416 185,131 The statement of financial acb'vities indudes all gains and losses r8cognise(l in the year. All incomts and expenditure derive frorn continuing activities.
Bright Horlzons Day Care Centre Statement of FlnanGlal Posltlon - Year onded 31 October 2024 ', Not• 2024 16.1S6 4,029 Flxed as$•tJ (.' Currffnl •sse¢s' 223 2,833 6D,561 75,723 21 '1 10,329 9.476 59.936 108,872 Debtors cUrrt bank account Virgin Charily Deposil kcounl Bank savings account Cash in hand Cash al bank and In han¢J 140.360 188,615 Credltors.. amounts falllng du• wlthin one year 2.100 7.513 Nel cuThenl assets 181.102 Total assèts lus ¢urr¢nt liabilitlès 154,4161-, 185.131 Funds of thè charlty Rèstricled Fund Oesignalecl Fund UnStrIcted funds.. 60,000 94,416 60,000 125,131 Total ¢hartty fund5 154.416 185.131 Thése financial 5tatemenis were approved by the board of member5 and aulhorised for issue t)n 29 July 2025 and are-: signed on behalfof the board by..
Bright Horizons Day Care Centre Notes to the FinanGial Statements Year ended 31 October 2024 1 General Information The company is a registered charity in Scolland and is unincorporated. Tha address of the principal office is Leuchars Station. Leuchars, Fife, KY16 OJX 2 Ststement of ¢omplian¢e These financial statements have be8n prepad in cornplian th FRS 102, 'The Financial Reporting Standard appli¢able In the UK and the R8publi¢ of Ireland,. the Statement of Rewmmended practi applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicble in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities and Trustee Investment (Scotlandl Act 2005 and the Charity Accounts (Scotlandl Regulations 2006185 amendedl. 3 Accounting pollcies Basis of preparatlon The financial Statements have been prepared on the historical cost basis, as modified by the revaluation of rtain financial assets and li8bilities and inv8Stmenl properties measured at fair value through income or expenditure. The financial statements a prepar8d in sterling, which 13 the functional currency of the entity. Golng concern There are no material uncertainties about the r*ariWs ability to continue as a going cOnr. Di5cIo8ure exernption¥ The entity satisf es the criteria of being a qualifying entity as d8fined in FRS 102. As such, advantag6 has been taken of the followng disclosure ex8rnptions available under paragraph 1.12 of FRS 102". lal Disdosures in SpeCt of financial instruments have not be8n presented. Judgements and key sources of tstirnation uncertainty The preparstion ol the financial statements quireS management to rnake judgements. estimates and assumptions that 8ffe¢t the amounts reportecl. These estimates antj judgements are continu8lly reviewed and are based on experience 8nd other factor5, Including expectation3 of future events that are believed to be reasonable under the circumstsnces. Fund a¢¢ountrng All brought forward funds are unrestrlcted and may be spent or applied at the discretion of the trustees to further any of the charity'5 purposes. All fees income and council funds are unrestricted. Restricted fvnds were received in the current year and all funds used on speryfic projects a5 per the restrictions ImP05ed on the funds received.
Bright Horizons Day Care Centre Notes to the Financial Statements (continued) Bright Horizons Day Care Centre Incomln9 resource$ The income as shown in the Statement of Financial Actimties repSernts income as detailed in the statement. all of which is included in the statement ol financial activities when entitlement has passed to the ¢harity. it is probable that the economic benefits assoth8ted wth the transaction will flow to the charity and the amounl can be reliably mèa5ur8d. Resourees expended Resources expended as shown in the Stat8rn8nt of Financial A¢tivities represents costs of generating funds. and otherwise shown in the statement and governance costs, made up of management and audit fees. These costs are included in the accounts when the obligation becomes binding. Costs relating to specific restricted grants are allor2ted against these grants a5 per the statement. Repairs on th• leased bullding Repairs and improvements on the18a$ed building has been written off to the statement of finanual activities. The trustees agree that the repairs will not cre8te an asset for the charity and therefore the 8xpense has not b88n capitalised. Fixed assets Fixed Assets are stated in the Statement of financi81 p051tion at cost. bss any acquisition and installation. Depreciatlon Depreciation is charged $0 as to write off the cost of assets. other th8n land and proparties under construction over their estimated useful livès. as follows.. Assèt cla¥$ Depreciation Method and rate Computer Equipment Fixtures and Fittings Str8ight Line- 33.3% Straight Line_ 20U/ Flnanclal instruments Financial instrument5 are classified and 8ccounted for. according to the Substan of the contr8¢tual arrangernent, as either financial assets, financial liabilitl8s or equity Instruments. An equity instrument is any contract that evidences a residual Inte$t in the assets of the company after deducting all ol Its liabilities. 4 Partl¢ular5 of employee$ The average head count of employees during the year was 2512023.. 211
Bright Horizons Day Care Centre Notes to the Financial Statements (continued) Year ended 31 October 2024 S Rgstrleted Fund8 Thore has begn no movem•nt within the r8sIriGted funds wthin the year. Movement Repairs and from unrestricted Re$tricted Fund Restricted Fund upgffad8$ nd 2024 2023 Restricttd Fund The Arrned For¢e5 Covenant Fund Susan Budd 6 MBmbgr remun?ration and expen$e5 No remuneration has been paid to Trustèas for theirwork as trustees. Ideputylfiriance manager) ha5 been paid for their work as employees. '.ontre rnanagerl and e trustees are reirnbursed for oxp01se5 incurred for the centre only. No expEnses have been paid Icr trust8gs as a rgsuli ol being 8 trustee. 7 Flx•d A¥sets Computer Equlpment Flxtur•s and Flttlngs Cost or valuotlon At 1 November 2022 Addltions Disposals Totsl 1,860 2,554 12,588 11.867 16,446 14,421 At 31 October 2023 24.455 29,867 Depreclatlon Al 1 November 2023 Gharge for the year 1.860 453 8,559 1,841 10,419 2,294 At 31 October 2023 2,313 10,400 Carwng amount At 31 Octob&r 2024 2.101 14.055 16.156 At 31 OcltsbeT 2023 4,029 4.029
Bright Horizons Day Care Centre Notes to the Financial Statements {continue) Year ended 31 October 2024 8 Debtors 2024 2023 Trade debtors Accrued income 223 10,329 10,329 223 9 Credltors.. arnounts falllng due wlthrn one year 2024 2023 Trade Debtors Accruals and deferred incorne 13 7,500 7.513 2,100 2,100 10 Designatèd Fund Thè designated fund is an amount set 85ide for redundancies if the centr& ever needs to close. Thi5 fund is not a liability as thèr8 are no plans on closing the centre, now or in the fLrture. 10 Related parti85 No related party transactions have taken p18•. except employment related payments and payments to reimburse trustees for centre expen5eS. io