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2024-06-30-accounts

CORNTON OSC

Annual Report & Financial Statements

For the period ending

30 June 2024

Scottish Charity No SC048989

FOR THE PERIOD ENDING 30 JUNE 2024

ANNUAL REPORT & FINANCIAL STATEMENTS

CONTENTS

Trustees’ Annual Report ...................................................................................................................... 3 - 7
Independent Examiner’s Report .......................................................................................................... 8
Statement of Receipts & Payments ..................................................................................................... 9
Statement of Balances......................................................................................................................... 10
Notes to the Financial Statements ....................................................................................................... 11 - 12

TRUSTEES’ ANNUAL REPORT

FOR THE PERIOD ENDING 30 JUNE 2024

The trustees are pleased to present their report and financial statements together with the independent examiner’s report for the period ending 30 June 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Cornton OSC Charity Number SC048989 Principal Address Cornton Primary School Cornton Road Stirling FK9 5DZ Current Trustees Other Trustees who served during the year Bankers Bank of Scotland 7/13 Port Street Stirling FK8 2EJ Independent Examiner

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

The charity is a Scottish Charitable Incorporated Organisation (SCIO) and was incorporated on the 23[rd] January 2019. It is governed by its constitution.

Appointment of Trustees

The board, which normally meets on a monthly basis, are the charity’s trustees. Membership of the board of trustees is open to all parents and guardians of children that attend Cornton Primary School.

Trustees are elected at the Annual General Meeting. Under the constitution, there must be a minimum of three and not more than eight elected trustees. The trustees may co-opt a further two trustees if they consider it would be in the interests of the charity to do so.

Management

The trustees are responsible for the strategic direction and governance of the charity, whilst day-to-day running is delegated to a manager who is a paid member of staff, the charity has six part time staff, three are employed on a zero-hour contract. The manager is salaried and works14 hours per week.

The trustees are particularly aware of their responsibilities for Health and Safety, especially for the children. In addition to comprehensive insurance, all our staff and the Chair Person has disclosures under the Protection of Vulnerable Groups (PVG) Scheme.

FOR THE PERIOD ENDING 30 JUNE 2024

TRUSTEES’ ANNUAL REPORT

Organisational Structure

The structure of the organisation consists of: -

the MEMBERS - who have the right to attend members' meetings (including any annual general meeting) and have important powers under the constitution; in particular, the members appoint people to serve on the board and take decisions on changes to the constitution itself;

the BOARD - who hold regular meetings, and generally control the activities of the organisation; for example, the board is responsible for monitoring and controlling the financial position of the organisation.

OBJECTS & ACTIVITIES

Charitable Purposes

The club’s purpose is to provide a range of social and recreational activities for children, from the Cornton area of Stirling, aimed at improving their conditions of life by advancing their social and emotional development and education through play.

Activities

Cornton Out of School Care provides high quality childcare for children in Cornton Primary School who require care during out of school hours in a safe and stimulating environment. The children attending the club have the opportunity to engage in a wide range of child led play activities, both indoors and outside.

These activities can include making kites, painting, Lego building and playing together with toys. Outside the children love to play tig, football and take walks to the park. The children are also given the chance to develop new skills and be involved in activities that they may not otherwise experience such as indoor archery and boccia. These experiences are facilitated by the staff and/or external sources.

ACHIEVEMENTS & PERFORMANCE

Activities

Cornton Out of School Care has continued to serve the school community over the course of 2023-2024. Since our opening in 2019, we have seen many of our young people move on to High School in the area, and each year we welcome new intake from our Primary 1s and other new additions to the school.

Our young people really enjoy the chance to play outside when the weather is good, where we often play games, sports, or try some gardening. In the dark or wet evenings, we have plenty of other fun activities indoors, including crafts, messy play, games, and much more.

TRUSTEES’ ANNUAL REPORT

FOR THE PERIOD ENDING 30 JUNE 2024

We had varied themed activities throughout the year too, including celebrating Chinese New Year with lantern making and trying out chop sticks in February, an Easter Egg Hunt in March, a pyjama party in April.

This year, we asked our young people to come up with new logo designs for the club, and we had tremendous suggestions that inspired our new logo. Our young artists received an art pad and colouring pencils to take home with them to continue with their creativity.

During Mental Health Week, we supported “Wear it Green Day”, and took a walk around our local area, highlighting the importance of good physical and mental health.

Supporting Wear it Green Day, raising awareness about Mental Health - May 2024

We were delighted to support the local Spring Street Party in Cornton in May, as part of the Remembering Together project, in collaboration with Greenspace Scotland, Stirling Council, and others.

Our young people helped out at a table doing hair chalks and glitter tattoos, and enjoyed pizza and ice cream while experiencing the music, crafts, and other activities. We wrapped up the school year with our very own movie

Running a stall at the 'Remembering Together' Street Party in Cornton - May 2024

premier. Our young people worked for weeks writing a script and recording the film. At the end of June we invited parents, carers and families to our screening, with food stalls, crafts, and games,. This was a particularly exciting project for the children, and it was brilliant to see the different ages working together on such a complex and creative project.

Our COSC movie premier - June 2024

TRUSTEES, ANNUAL REPORT FOR THE PERIOD ENDING 30 JUNE 2024 staffing In August 2023, we Welcomed￿ as Manager to COSC. ￿ was a welcome addf(ion to the team, and we started the school year with fresh purpose and ambition after the uncertainty of the previous few months. ￿ managed a small team of playw0￿e[S throughout the year, wrth each team member bringing their own strengths and qualities to the club. Due to the na￿Te of the playworker roles, and the limrted hours available13-6pm, Monday to Friday, lemi- time} we do see a high tumover of playNorkers. They are often students from the local University that can only commit to working for us while other learning or placement commitments allow. We would like to embed more resilience in our staffing going fopward. and will seek out relationships with other similar services in the Stirling area to help us explore this. Governance During the school year 2022-23, many of the founding Trustees, who established the club in 2019. stepped back from their roles, primarily due lo their children growing older and no longer using the club themselves. This signified a big change in COSC Governance. We are grateful to the efforts of both￿ and who held Trustee roles during the transition period in eady 2023-24. At our AGM in February 2024, we welcomed trrfo new Trustees-￿￿ as Secretary and as Vice.Secretary. ￿ and￿ were re*le¢ted. to the board, bringing the total number of Trustees to eight. For year 2024125, this biings more capacity and more resilience to the governance team, and improves succession planning. FINANCIAL REVIEW In tems of finances, our regular income from fees is generally lower than our regular outgoings lin order of scale.. staff costs. rent to Stiding Council. catering costs, and insurance). In addition, we position ourselves as an inclusive seNice. where we offer ncrfost places to children refe￿ed by the school's leadership team. During 2023-24. a typical week involved c. 45 paid sessions and c. 10 fvnded sessions. serving c. 25 families in the area. This year, we are incredibly grateful for grant funding from The CORRA Foundation and Magic Little Grants. which both aim lo empower our inclusive service to support families of Comton, and to help us purchase equipment. craft materials. and other resources to benefit the young people in our care. In spring 2024, we were successfvl in securing funding from Stirfing Council through the UK Shared Prosperity Fund. which came in at a crrtical time for the dub and wll be instrumental in helping us build resilience in ￿rning months, ensuring we continue lo provide after school care lo families in the area. Overview Receipts in the unrestricted funds were £17,688 12023= £17,458}. Restricted income amounted to £10,250 (2023= £4,0001- Unrestricted payments for the accounting period were £20,00912023= £19,062} and restricted payments were £5,87912023'. £10,642). The charity had a surplus of £2,050 {2022= {£8,24611. We would like to thank all the funders for fvnding who have supported our charity over the year. The purposes of these fijnds and the funders can be found in Note Reserves Policy Comton OSC has reserves of £3,89712023.' £6,209). The trustees believe that three month's running costs are good level of reserves and £5,000 represents approximately three month's salary together with potential statutory redundancy payment requirements should the charity have to close at any point, plus overheads. FUTURE PLANS In 2024-25, COSC aims to continue providing enjoyable and enriching activities for our young people. We will purchase additional gardening tools to lend to the raised planters in the school ground5 and acquire litter pickers to help them leam the importance of respecting and caring for the environment.

TRUSTEES’ ANNUAL REPORT FOR THE PERIOD ENDING 30 JUNE 2024

We will arrange further visits to the Cornton library, which has been open since May 2023.

In addition, we plan to:

APPROVAL

This report was approved by the trustees on 26th March 2025 and signed on their behalf by:

INDEPENDENT EXAMINER’S REPORT

FOR THE PERIOD ENDING 30 JUNE 2024

Independent Examiner's Report to the Trustees of Cornton OSC

I report on the accounts of the charity for the year ended 30 June 2024, which are set out on pages 9 to 12.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations"). The trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In connection with my examination, no matter came to my attention:-

  1. which gives me reasonable cause to believe that in any material respect, the requirements

  2. to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

26th March 2025

STATEMENT OF RECEIPTS & PAYMENTS

FOR THE PERIOD ENDING 30 JUNE 2024

Unrestricted Restricted Total Total
Receipts Note Funds
£		 Funds
£		 2024
£		 2023
£
Grants 5 - 10,250 10,250 4,500
Fees 17,688 - 17,688 16,958
17,688 10,250 27,938 21,458
Payments
Charitable Activities 6 19,709 5,856 25,565 29,327
Governance Costs 300 - 300 300
20,009 5,856 25,865 29,627
Purchase of Fixed Assets 7 23 23 77
20,009 5,879 25,888 29,704
Net movement in funds (2,321) 4,371 2,050 (8,246)
Transfers between funds 9 (9)
Surplus/(Deficit) for year (2,312) 4,362 2,050 (8,246)

The Notes on pages 11 to 12 form an integral part of these accounts.

STATEMENT OF BALANCES

AS AT 30 JUNE 2024

Unrestricted
Restricted
Note
Funds
Funds
Funds Reconciliation
£
£
Balance as at 01 July 2023
6,209
-
Surplus/(Deficit) for year
(2,312)
4,362
Balance as at 30 June 2024
3,897
4,362
Bank & Cash Balances
Cash at Bank
Cash in Hand
Other Assets
Laptop & Printer (est)
Liabilities
Independent Examination Fee
Rent Stirling Council		 Total
Total
2024
2023

£
£

6,209
14,455
2,050
(8,246)
8,259
6,209
8,259
6,209
-
-
8,259
6,209
100
150
350
300
3,700
3,670

The Notes on pages 11 to 12 form an integral part of these accounts.

COSC has no other contingent liabilities.

These accounts were approved by the trustees on 26th March 2025 and signed on their behalf by:

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDING 30 JUNE 2024

1. Basis of Preparation

These accounts have been prepared on the receipts & payments basis in accordance with:

2. Fund Accounting

3. Taxation

4. Transactions with trustees and related parties

5. Grants

Robertson Trust
Corra Foundation
UK Shared Prosperity Fund
Magic Little Grant
SC Community Grant
SC Community Benefit Award
Chance to Flourish
Good Food for All		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
-
-
-
500
-
3,000
3,000
-
-
5,500
5,500
-
-
500
500
-
-
1,000
1,000
-
-
250
250
-
-
-
-
2,000
-
-
-
2,000
-
10,250
10,250
4,500

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDING 30 JUNE 2024

6. Cost of Charitable Activities

Unrestricted Restricted Total Total
Funds
£		 Funds
£		 2024
£		 2023
£
Salary Costs 15,540 3,360 18,900 21,972
Rent 1,991 1,669 3,659 3,860
Training 50 12 62 81
Admin Costs 305 32 337 281
Insurance 476 - 476 458
Consumables 13 107 120 326
Toys - 21 21 314
Catering 1,246 580 1,826 1,944
Deposit Refunds - - - 44
Marketing 35 75 110 -
Transport - - - 30
Professional Costs 36 - 36 17
Sundries 18
19,709		 -
5,856		 18
25,565		 -
29,327

7. Movements in Funds

Movements in Funds
Unrestricted Funds
General Fund
Restricted Funds
Magic Little Grant
The Corra Foundation
SC Community Grant
SC Community Benefit Award
UK Shared Prosperity Fund
Total Funds		 As at
As at
30/06/2023
Receipts
Payments
Transfers30/06/2024
£
£
£
£
£
6,209
17,688
(20,009)
9
3,897
-
500
(500)
-
-
3,000
(2,990)
(10)
-
-
1,000
(999)
(1)
-
-
250
(252)
2
-
-
5,500
(1,138)
**4,362 **
-
10,250
(5,879)
(9)
**4,362 **
6,209
27,938
(25,888)
-
8,259

8. Purpose of Funds

General Fund

An unrestricted fund that can be expended at the discretion of the trustees in furtherance of the objects of the charity.

Magic Little Grant A restricted fund for assist with running costs for providing funded sessions to more vulnerable children within the school

UK Shared Prosperity Fund

A restricted fund to help sustain the charity by contributing to the managers salary.

Corra Foundation A restricted fund to help towards the cost of rent, staff, snacks and equipment.

SC Community Benefit A restricted fund to help towards salary costs SC Community Grant A restricted fund to help towards the cost of snacks, activities and resources.