CHARITY REGISTRATION NUMBER.. SC041375
Soroba Young Family Group Nursery
Unaudited Financial Statements
31 March 2024
LEM
Chartered accountants
5 Argyll Square
Oban
Argyll
PA34 4AZ
IAT
EDA

Soroba Young Family Group Nursery
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial aciivities
Notes to the detailed statement of financial activities
16
17

Soroba Young Family Group Nursery
Trustees, Annual Report
Year anded 31 March 2024
The trustees present their re￿)rt and the unaudited financial slalements ol the charity for the year
ended 31 March 2024.
Reference and administrative details
Reglstered charity nam&
Soroba Young Family Group Nursery
Charity regi8tration nurnber
SC041375
Principal offlce
The tnJslee8
Independent examlner
A Clemenl Associates C.A.
rgyi
Oban
Argyll
PA34 4AZ
uare
Structure* govemanee and rnanagemenl
Organlsatlonal Wru¢lure
The Charity is rnanaged by its board of Irustees,
Govemance and Internal control
The trustees have examlned the oharills exposure to strategic, linancial. busine88 and operational
risks. The trustees are salisfied thal adequate systems and procedures are in plaGe, Risk mitigation
and any changes to the identrfied risks are recorded in the minutes of the Board meetings.
Objectlves and actlvllles
Objects & Purposes ol the Charlty
The aim of the group 15 to advance Ihe educatiors and social development of pre-school children wth
Ihe emphasis on leaming through play In line with outcomes and experiences from the CurrFcLslum for
Excellence Eady Level, SHANARRI & GIAFEC principles so Ihat they take a ConstrU￿1Ve place in the
community and glving them a strong base for their lea,"ning lif& and helping thern 'be the best that they
can bel,

Soroba Young Famlly Group Nursery
Truste88' Annual Report (conllnu•d)
Year ended 31 March 2024
Achievements and perforrnancé
The nursery Is thrivrng and has reached our maximum capacity of 3-5 year olds receiving lunded ELC.
Our two year old spaces are also lull with a mixture ot funded Eligible 2s and self funded places. There
is a Continu￿ waitlisl for 2 year old spaces. We continue to offer wrap around car8.
nanclal revl•w
The charty achieved a surplus for the year of £13,811 (2023.. deficit £18,035).
Resenies
Reserves are held to meel future costs.
o !./0 . IF.....
The irustees, annual report was approved on ... ...
and signed on behalf of thg board of

Soroba Young Family Group Nursery
Independent Examlnerfs Report to the Trustees of Soroba Young Famlly Group
Nursery
Year ended 31 March 2024
I report to the trustees on my examination of the flnancial slatemeftts ol Soroba Young Famlly Group
Nursery (Ihe charill} for the y8ar ended 31 March 2024.
Responslblllties and basis of report
As the trustees of Ihe charity you are responsbi le for the preparation of the financial statomenls in
accordance with the requiremgnts of the Charities and Trustee Inveslrnent (Scollandj Act 2005 Ilhe
.2005 Act'l and the Charities Accounts (Scollandl Regulations 2006 (as amended). You are satisfied
that your charily is not required by charity law to be audited and have chosen Instead to have an
independent examination.
I report in respe￿ of my axaminaiion of the charitls tlnancial statements as carried OLrt under section
44{1)Ic) of the 2005 Act. In carrying out my examination I have followed the requirements of
Regulaiion 11 of the Charities Accounts (Scoiland) Regulations 2006 (as amended).
Independent examlnerfs statement
Since the charity has prepared rts accounts on an accwals basis your examiner must be a member of
body listed In Regulation 11 {2} of the Charities Accounts (Scotland) Regulations 2006 {as amend8dl-
l Can confirm that l am quajlfled to undertake Ihe examinalion because l am a registered member of
ICAS which is one ol the listed bodies.
I have completed my examination. I confirm that no matlgrs have come to my altenlion gNing me
cause to believe thal in any material respect".
accounling records were not kept as requlred by section 4411)(al of the 2005 Act and
Regulation 4 of lh8 Chartties Accounts (Scotland) Regulallons 2006 {as amended)- or
the linancial statem8nts do not accord Vdith those r8cDrds,' or
the linanclal statements do nDI comply ￿th the accounting requirements of Regulation 8 of
the Charities Accounts Iscotlandl Regulations 2006 (as amended).
I have no concerns and have come across no olher matters In eonnecllon Mth the examlnaiion to
which atteniion should be drawn in thls report in order to gnable a proper understanding of the
aTrpcup,ts to b? reuchc-d.

Soroba Young Famlly Group Nursery
Statement of Flnancial Activities
Year ended 31 March 2024
2024
Restricted
lunds Tolal funds
2023
Unrestricted
funds
Tota] funds
Note
Income and endowments
Donations and legacies
Charitable activsties
Fundraising activities
Investment income
10,076
215,022
1.505
77
249.823
2,443
433
249,823
433
Total Income
252,699
252,699
226,680
Expendlture
Expenditure on charitable activities
Total expenditure
237,027
237,027
1,861
1,861
238,888
238,888
244.715
244,715
Net In¢ornel{expenditure) and net
movement In funds
15.672
11,861)
13,811
118,0351
Reconciliatlon of funds
Total funds brought forward
Total funds carried fonvard
135,796
151,468
6,499
4,638
142,295
156,106
160,330
142,295
The statement of financial activitigs includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activtslies.
The notes on pages 6 to 14 form part ot these flnanclal statements.

Soroba Young Family Group Nursery
Slatempnt of Flnancial Positlon
31 March 2024
2024
2023
Note
Flxed assets
Tangible frxed assets
14
9,102
13,402
Current a&8ets
Debtors
Cash al bank and in hand
15
360
151,296
151,656
800
131.082
131.882
Creditors.. amounts falllng due wlthln one year
Net current a&8els
16
4.652
147,004
156,106
2,989
128,893
142,295
142,295
Totsl ?ssots1088 current liabilltles
Net as8ets
156,106
Funds ol the charlty
Restricted funds
Unrestricted funds
4,638
151,468
156,106
6,499
135,796
142,295
Total ¢harily funds
17
These financial statements were approved by the board of trustees authoTised for issue on
i..../.o X¥
d Jn beialf of Ih.
rd by..
rusiee
The notes on pages 6 to 14 lomi pJrt ol thests tlnanelal ststements.

Soroba Young Family Group Nursery
Notes to the Flnanclal Ststements
Year ended 31 March 2024
General inlormatlon
The charity is a public benefit entity and a re
The address of the principal offlce is
Islered charit
in Scotland a.Id is unincor
orated.
Stalamenl of compliance
These financial statements have been prepar8d in compliance with FRS 102. 'Th• Financial
Reporting Slandaro applicable In the UK and the Republlc ol Ireland,, the Staiemern of
Recommended Practice applicable to charfties preparing their a￿ountS in accordance with Ihe
Financiai Raporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1 Q2) (Charities
SORP IFRS 102)) and the Charrlies and Trustee Investment (Scolland) Act 2005 and th8 Charity
Accounls (Scotland) Regulations 2006 {as amended).
Accounting pollcSes
Basls of preparation
Th8 fTnancial stalemenls have b6Èn prepared on the historical cost basis, as modified by the
revaluation of certain financial assels and liabililles an¢J investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in s1erling, which is the fun￿lonal ¢wrrency of the enlty.
Going ooncern
There are no materlal un¢ertainties about the charitls abillty to continue.
Disclosure exernptions
The entity satlsfies the criteria of being a qualityng entity as delined in FRS 102. As such,
advantage has been laken of the following dlsclosure exemptions available under paragraph 1.12
ol FRS 102:
la) No cash flow statement has been presented for the company,
{b) Disclosures in respect of financial instruments have noi been presented.
Judgements and key sources of eslimatlon uncertalnty
Thg preparation of the financial slalemenls requir8s management to make ju(hJemenls.
esiimates and assumptions that affect the amounts reported. These esiimates and judgéments
are conlinually reviewed and are based on experience and olher factors. including expeclalions of
futLJrÈ events that are believed to be reasonable under Ihe circumstances.

Soroba Young Family Group Nursery
Notes to the Financlal Statements (conllnuedj
Year ended 31 March 2024
Accounting policies (￿ntInued)
Fund accountlng
Unrestricted funds are avallable for use at Ihe discretion ot the trustees to turther any of Ihe
charity's purposes.
Designated funds are unrestricted funds earmarked by ihe trustees for particular future project or
ccrnmttment.
Reslricted funds are subjected to restriclions on Iheir expendilure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
Income
All income is included in the stalement of financial activities when entitlemenl has passed to the
charlly, it is probable that the eGonomic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured. The following specilic policies are applied lo
particular categories ot Income..
income from donations or grants is recognlsed when there Is evidence of 8ntitlement to the
gift. receipt is probable and ils amount can be measured reliably.
legacy income is recognised when recelpi Is probable and entitlement is established.
income from donated goods is measured at the fair vaiue ol the goods unless this is
impracticle to measure reliably, in which case the value is derivecl from the cost to Ihe donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliabily measured. No amounts are included for Ihe
contribution of general volunteers,
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestrlcted funds unless there is a contractual
requirement for il to be spent on a particular purpose and returned il unspent. in which case it
may be regarded as restricled,
Expendilure
Expenditure is recognispd on an accruals basls as a liability is incurred. Expenditure includes any
VAT which cannol be lully recover8d. and is classified under headings of the statement ol
financial activities to which it relates.,
expenditure on ralsing tunds includes the costs ol all fundrasing activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on Charitable activities includes ail costs incurred by a charity In undertaking
activities thal further its charilable aims for Ihe benefft of its beneficiaries, including those
support costs and costs relating to the governance of Ihe charity apportioned to charitable
activities.
other expenditure Includes all expenditure that is neilher related to raising funds for the
charity nor part of its 8xpenclitur& on charitable activities.

Soroba Young Family Group Nursery
Notes to the Financial Statements (contlnuod)
Year ended 31 March 2024
Accounting policies (continu•dJ
Expendllure (contIni￿d)
All cosls are allocated lo expenditure categories reflecting ihe use of the resource. Direct cosls
attributable to a single activity are allocated directly to thal a¢tivity- Shared costs are apprortioned
belween the aetivities they contribute to on a reasonable, justrfiable and consistent basis.
Tangible assets
Tangible assets are initially recorded al cost. and subsequenlly stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried al revalued
amounts are recorded at the falr value al the date ol revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairmenl losses.
An increase in the carrying amounl of an asset as a result ol a revaluation, is recognised in other
recognised gains and105ses. unless it reverses a charge for impaSrment that has previously been
recognised as expendilure within the statement of financial a¢livitses. A decrease in the carrying
amount of an asset as a result of revaluation, is recDgnised in olher recDgnlsed g￿TrS and losses,
except to which il offsets any prevlous revaluation gain, in which case the loss is shown within
other recognised galns and losses on the statement of financial activities.
Depreclalion
Depreciation is calculated so as to write off the cost or valuation of an asset, 18ss Ils residual
value, over the use*ul econornic life of that asset as follows-
Equipmenl
25V• Straighl line
Impairment of fixed assets
A review for indicators of impaiment is carried oul al each reporting dale. with the recoverable
amount being estimated where such indicators exisl. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly, Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when il is not possible to estimate the recoverable
amounl of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generaiing unit is the $M￿lest identifiable
group of assets that Includes the asset and generates cash inflows that largely Independent of the
cash Inflows Irom other assets or groups of assets.
For impairment tesling of goodwll, the goodwill acquired in a business combination Ss. frorn the
acquisition date, allocated lo each of Ihg cash-generating units that are expected to benefit from
the synergies of the combination. irrespectNe of whether other assets or liabilities of the charity
are assigned to Ihose unlts.
Financial Instruments
A financial asset or a linancial liability Is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised al the amount ￿CeiVable or payable Including
any related transaction costs.

Soroba Young Family Group Nursery
Notes to the Financlal Statements (continu•d)
Year ended 31 March 2024
Ac¢ountlng policies {continu8dJ
Financial Instrumenls (contlnued)
Current assets and current liabilities are subsequentty measured at the cash or other
consideration expecled to be paid or received and not discounted.
Debt instruments are subsequenlly measured al amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be rneasured
reliably, the investment is subsequently measured at fair value wth changes in far vaiue
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at lar value, unless
paymenl lor an asset is deferred beyond normal business terms or financed at a rate of interest
that is nol a market rate, in which case the asset is measured al the present value of the future
payments discounted at a market rale of interest for a similar debt instrument.
Other financial instruments are subsequenlly measured at fair value, wtth any changes
recognlsed in the statement of linancial activities. with the exception of hedging inslruments In a
designated hedging relationship.
Financial assets that are measured al cost or amortised cost are reviewed for objective evidence
of impaimient at the end ol each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading In the slatemenl of financial
activff(ies in which the initiaj gain was recognised.
For all equity instruments regardless of 8¢gnificance, and other financial assets that are
individually significant. these are assessed Individu￿lY for impairment. Other financial assets are
efther assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immedialety, to Ihe extent that Ihe reversa does not
result in a carwng amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Donations and legacles
Unrestricled
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
Grants
Ar9￿1 & Bute Council
Unrestricted
Funds
Reslricled Total Funds
Funds
2023
Donalions
Donalions
500
500

Soroba Young Family Group Nursery
Notes to the Financial Staiements (coniinued)
Year ended 31 March 2024
Donatlons and legacles (eontlnued)
unre$tri￿ed Restricted Total Funds
Funds
Funds
2023
Grants
Argyll & Bute Council
9,576
9,576
9,576
10,076
500
Charltable activities
Unrestricted Tolal Funds Unreslricted Total Funds
Funds
2024
Funds
2023
Early Years funding
AdditlDnal SLJPPOrt Needs fundlng
Fee5
229,511
2,798
17,514
249,823
229,571
2,798
17.514
249,823
199,974
199,974
15.048
215.022
15,048
215,022
Fundraising activities
Unrestricted Tolal Funds Unr8Strlcted Total Funds
Funds
2024
Funds
2023
Fundraising income
2,443
2.443
1,505
1,505
Investrnent In¢ome
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
433
433
77
77
Expenditure on charitable acllvities by fund type
Unrgstricied
Funds
Restricted Total Funds
Funds
2024
Early Years Education
Support costs
235,947
1,080
237,027
1,861
237.808
1,080
238,888
1,861
Unrestricted
Funds
Restricled Total Funds
Funds
2023
Early Years Education
Support Costs
240,586
996
3.133
243.719
996
241,582
3,133
244,715
10

Soroba Young Family Group Nursery
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
Expendlture on Charitable acllvltles by actrvity lype
Activities
undertaken
directiy Support costs
Tolal funds
2024
Total tund
2023
Early Years Education
Governance costs
237.808
237,808
1,080
243.719
996
1,080
1,080
237,808
238,888
244,715
10. Net Ineomel(expenditure)
Net in¢ome/(expenditure) is stated after chargingl{crediting}.'
2024
2023
Depreciation of tangible fixed assets
6,928
6,272
11. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examinalion of the linancial statements
1,080
996
12. Staff costs
The total staff costs and émployee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
188,410
184.061
The average head count ot employe8s during the year was 1012023: 9).
No employee received employee benefils of more than £60,000 during the year12023: Nil}.
13. Trustee remuneratlon and expenses
The ¢harty trustees were noi paid and did not receive any remuneration, benefits in kind or
reimbursement ol expense5 in their capacity as trustee during the year. No trustee received
payment tor professional or other services supplied to the charity.
11

Soroba Young Family Group Nursery
Notes to the Flnancial Statements (ContInu￿}
Year ended 31 March 2024
14. Tanglble fixed assets
Equipment
Cost
At l Apr 2023
Additions
25,085
2.628
27,713
At 31 Mar 2024
Deprecialion
At 1 Apr 2023
Charge for the year
At 31 Mar 2024
11.683
6,928
18.611
Carrying amount
At 31 Mar 2024
9,102
13,402
At 31 Mar 2023
15. Debtors
2024
2023
Other debtors
360
800
16. Credltors: amounts falllng due within one year
2024
2023
Accruals and deterred income
4,6S2
2,989
17. Analysis of charitable funds
Unrestricted funds
At
Transfers 31 Mar 2024
Al 1 Apr 2023
Income Expenditure
General funds
135,796
252,699
1237.027}
151.468
At
Transfers 31 Mar 2023
Al 1 Apr 2022
Income Expenditure
General funds
160,330
217,104
(241,582)
(56)
135,796
12

Soroba Young Family Group Nursery
Notes to the Financial Statements (¢ontlnuod)
Year ended 31 March 2024
17. Analysis of charitable funds (contlnued)
Restrs¢ted funds
Al
Transfers 31 Mar 2024
At 1 Apr 2023
Income Expenditure
Early Years Outdoor
Granl
Early Years Outdoor
Grani- Equipment
Early Years Indoor Grant
Early Years Indoor Grant
Equipment
470
470
2,704
449
(902)
1,802
449
2.878
6,499
(959)
11,861)
1,917
4,638
At
Transfers 31 Mar 2023
At 1 Apr 2022
Income Expenditure
Early Years Outdoor
Granl
Early Years Outdoor
Grant- Equipment
Early Years Indoor Grant
Early Years Indoor Grant
Equipment
1.530
(1,060)
470
3.550
661
(902)
{212)
56
2,704
449
3.835
9,576
{9591
(3,133)
2,876
6.499
56
Early Years Outdoor Grant
Grant funding was received from Argyll & Bute Council in the prior yeai to purchase waterproof
clothing for both children and staff. Child walerproofs were purchased during ihe year and staff
walerproofs will be purchased in Ihe next financial year, after the summer break.
Early Yèars Outdoor Grant- Equipment
Grant funding was recelved from Argyll & Bute Council to purchase outdoor equipment. Outdoor
equipment Gosling £3,606 was capitalised during the prior year and will be depreciated over 4
years. The annual dèprecialion charge wll be allocated 10 1his restricted fund.
Early Years Indoor Grant
Grant funding was received from Argyll & Bute Council in the prior year to purchase indoor
educational supplies.
Earfy Years Indoor Grant- Equipment
Grant funding was received from Arg￿% & Bule Council to purchase indoor equipment. Indoor
equipment costing £3,835 was capilalised during Ihe prior y8ar and will be depreciated over 4
years. The annual depreciation charge will be allocated lo this resiricted fund.
13

Soroba Young Family Group Nursery
Notes to the Financial Statements foontinu•d)
Year ended 31 March 2024
18. Analysls of net assets between funds
Unrestricled
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assels
Creditors less than 1 year
5.383
150.737
{4,652)
151,468
3.719
919
9,102
151.656
(4,8521
156,106
Nel assets
4,638
Unrestricted
Funds
Restricled Tolal Fvnds
Funds
2023
Tangible fixed assets
Currenl assets
Creditors less Ihan 1 year
13,402
131,882
12,989)
142,295
13,402
131,882
(2.989)
142,295
Net assets
14

Soroba Young Family Group Nursery
Management Informatlon
Year ended 31 March 2024
The followlng pages do not forni part of the flnancial stalernents.
15

Soroba Young Family Group Nursery
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donations and legacies
Donations
Ar9￿1 & Bute Council
500
9.576
10,076
Charitable aetlvttles
Early Years funding
Additional Support Needs funding
Fees
229.511
2.798
17,514
249,823
199,974
15,048
215,022
Fundraising activilies
Fundraising income
2,443
1,505
Investmenl incorne
Bank inleresl receivable
433
77
Total in¢ome
252,699
226,680
Expenditure
Expenditure on charltable acltvities
Purchases
Wages and salaries
Rent
Rales and water
Light and heat
Repairs and maintenance
Other molorltravel costs
Legal and professional fees
Telephone
Other olfice costs
Depreciation
Educaiional supplies
Children's outdoor clothing & unifomis
Miscellaneous costs
4,796
188,410
9,402
917
3,294
5,153
2,859
1,080
4,372
1.500
6,928
8.855
528
794
4,822
184,061
6,955
979
6,424
15,339
1.173
996
2,907
2.400
6,272
10.572
1.060
755
238.888
244.715
Total expenditure
238,888
244,715
Net incomel(expendlture)
13,811
118,0351
16

Soroba Young Family Group Nursery
Notes to the Detailed Statement ot Financial Activities
Year ended 31 March 2024
2024
2023
Expendlture on charitable activities
Early Years Education
Activities undertaken directly
Foods and milk
Wages and salarles
Renl
Rates & water
ghl & heat
Repairs & maintenance
Travel and outings
Telephone, IT and postage
Bookkeeping costs
Depreciation
Educational supplies
Childrens outdoor clothing and uniforms
Miscellaneous costs
4.796
188,410
9,402
917
3,294
5,153
2.859
4.372
1.500
6,928
8,855
528
794
4,822
184,061
6,955
979
6,424
15,339
1,173
2,907
2,400
6,272
10,572
1,060
755
237,808
243.719
Govemance costs
Accountancy lees
1,080
996
Expenditure on charitable activities
238,888
244,715
17