CORNTON OSC
Annual Report & Financial Statements
For Year ended
30 June 2025
Scottish Charity No SC048989
FOR THE YEAR ENDED 30 JUNE 2025
ANNUAL REPORT & FINANCIAL STATEMENTS
CONTENTS
| Trustees’ Annual Report ...................................................................................................................... | 3 - 8 |
|---|---|
| Independent Examiner’s Report .......................................................................................................... | 9 |
| Statement of Receipts & Payments ..................................................................................................... | 10 |
| Statement of Balances......................................................................................................................... | 11 |
| Notes to the Financial Statements ....................................................................................................... | 12 - 13 |
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TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The trustees are pleased to present their report and financial statements together with the independent examiner’s report for the period ending 30 June 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
| Charity Name | Cornton OSC | ||
|---|---|---|---|
| Charity Number | SC048989 | ||
| Principal Address | Cornton Primary School | ||
| Cornton Road | |||
| Stirling | |||
| FK9 5DZ | |||
| Current Trustees | Craig Faulds | Chair | Elected Nov 2024 |
| Orla Bell | Treasurer | ||
| Kirstie Robertson | Secretary | ||
| Kim Faulds | Vice Chair | Elected Nov 2024 | |
| Laura Fyfe | Elected Nov 2024 | ||
| Laurie Douglas | Elected Nov 2024 | ||
| David Heneaghan | Elected Dec 2025 | ||
| Kris McKechnie | Elected Dec 2025 | ||
| Karen West | Elected Dec 2025 | ||
| Mark Turner | Elected Dec 2025 | ||
| Other Trustees who served | during the year | ||
| Brigid Hames | Resigned 3 Dec 2025 | ||
| Laura Turner | Resigned 3 Dec 2025 | ||
| Bankers | Bank of Scotland | ||
| 7/13 Port Street | |||
| Stirling | |||
| FK8 2EJ | |||
| Independent Examiner | Lee Stevenson | ||
| 22 Adam Grossert Court | |||
| Stenhousemuir | |||
| Falkirk | |||
| FK5 4QT |
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.
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TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
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.
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
Every year, we welcome in a new cohort of young people as our P7s move on to High School, and we see a new intake of P1s into the school. 2024-2025 was another very busy year for Cornton Out of School Care. We pride ourselves in creating fun, enriching experiences for the young people in our care. We’re primarily based in the school hall at Cornton Primary School, where we have toys, books, games, and crafts.
Messy play, and arts and crafts
In good weather we also enjoy spending times outdoors, with games and picnics on the astroturf just outside the school hall, playing on the climbing frame or trim trail, or we collect litter and tend to the raised beds in the school’s garden. We’re lucky to have a public library in Cornton that we can walk to, and we often visit the park along the way.
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TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Gardening, litter picking, and playing group games in the school grounds
We have lots of themed activity throughout the year, such as pumpkin carving and a dress-up party for Halloween.
Pumpkin Carving, and Toy Story themed Halloween Party in October
We thoroughly enjoy bringing in parents, carers, and the wider community for special events. In November, we welcomed in a local parent to talk about his job with Police Scotland. In March, we held a Mother’s Day tea party, where our young people ran stalls selling baked goods, decorating cupcakes, and Mother’s Day crafts.
At the end of the school year, we held a super fun Colour Run, where our young people and their siblings, parents, and carers all warmed up in the school hall, before getting very messy running around the school grounds! These activities are incredibly important for social inclusion, and to contribute to a strong community spirit.
A special visit from Police Scotland
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TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Mother’s Day tea party inviting in parents and carers, cupcake decoration station, and Mother’s Day wall display
Colour Run! Our warm up, before colourful chaos around the school grounds.
Breakfast Club
In October 2024, we established a Morning Club at the School between 8AM and 9AM (school start) weekday term-time. This development means, for the first time ever, Cornton Primary School has reliable wrap around care option in place between 8AM and 6PM. This is significant for working parents and carers, or those seeking employment, and is a tremendous asset to the community in Cornton.
The Morning Club was set up after consultation with parents and carers, establishing demand. We intend to run the Morning Club for the remainder of the school year, before evaluating the financial viability. More on staffing, below.
Staffing
We have a strong team of dedicated playworkers at COSC who are committed to creating a safe, enjoyable environment for the children. The children genuinely enjoy their time with them. Because of the nature of the role and the limited contracted hours, we do experience a fairly high turnover of staff. This has always been the case, and we expect it will continue.
The one-hour breakfast club is particularly challenging to staff. However, we were fortunate in the recruitment process to identify two local mothers who were interested in taking on the role to supplement their other careers.
In December, our Manager, Louise, who had been in post since summer 2023, moved on to a new role, and the Trustees began a fresh recruitment process. At the start of 2025, playworker Kacey McPhee stepped up confidently as Interim Manager, with Trustees taking on some of the administrative tasks such as monthly invoicing. In February 2025, we were delighted to appoint Lynsey Martin as our new Manager, with Kacey continuing in a vital Deputy Manager role. Lynsey brings extensive experience from her background in Social Care, a sector known for its high regulatory standards.
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FOR THE YEAR ENDED 30 JUNE 2025
TRUSTEES’ ANNUAL REPORT
Finances
Our regular income from fees is generally lower than our regular outgoings (in order of scale: staff costs, rent to Stirling Council, catering costs, and insurance). In addition, we position ourselves as an inclusive service, where we offer no-cost places to children referred by the school’s leadership team.
This year, we are incredibly grateful for substantial grant funding from the Hugh Fraser Foundation, the Scottish Children’s Lottery Trust, and Stirling and Bridge of Allan Round Table. Each of these funds are being used to underpin our service offering, ensuring we can offer no cost places to young people from our community, and helping us buy toys, games, and craft materials, to support the wide range of fun activities that we deliver. During the year, we were also in receipt of the second and final instalment of the UK Shared Prosperity Fund from Stirling Council, and we received a small donation from Baynes Charitable Trust to support our newly formed Breakfast Club.
We rely heavily on grant funding to operate, and we simply couldn’t deliver the service without it. We’re confident that we run efficiently and offer strong value for money; if the same provision were delivered through another route, such as the local authority, the costs would almost certainly be much higher. However, ‑ achieving this level of cost effectiveness places a significant burden on the Trustees, and there is ongoing uncertainty around future finances and the availability of grant funding.
Governance
At our Annual General Meeting in November 2024, we were pleased to welcome Craig Faulds as the Chair of Cornton Out of School Care.
Trustee Selection and Appointment The board consists of a minimum of three and a maximum of ten Charity Trustees. These include up to eight elected trustees and up to two co-opted trustees. At each Annual General Meeting (AGM), the members elect or re-elect trustees to the board. The board may also appoint members as trustees between AGMs.
FINANCIAL REVIEW
Overview
Receipts in the unrestricted funds were £25,435 (2024: £17,688). Restricted income amounted to £9,775 (2024: £10,250). Unrestricted payments for the accounting period were £21,460 (2024: £20,009) and restricted payments were £14,131 (2024: £5,879). The charity had a deficit of £ (381) (2024: £2,050). In terms of finances, our regular income from fees is generally lower than our regular outgoings (in order of scale: staff costs, rent to Stirling Council, catering costs, and insurance). In addition, we position ourselves as an inclusive service, where we offer no cost places to children referred by the school’s leadership team, which is the reason for the small deficit.
We would like to thank all the funders for funding who have supported our charity over the year. The purposes of these funds and the funders can be found in Note 8 .
Reserves Policy
The Trustees have a duty to act with care and diligence in managing the charity's affairs. Given the current uncertainty regarding future grant funding and the gap between fee income and operational costs, the Trustees maintain a reserves policy to ensure the charity can meet its legal and contractual obligations. The Trustees aim to maintain a reserve equivalent to three months of operating expenditure, which is approximately £6,000.
Cornton OSC has reserves of £7,878 (2024: £3,897).
Regulation Cornton Out of School Care is registered with the Care Inspectorate, and we received an unannounced inspection in November 2024, where our service was evaluated as Good across three areas (Care, Play & Learning, Setting, and Staff Team) and Adequate (Leadership). We take on board the recommendations on areas for improvement, and acted quickly to address these.
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TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2025
FUTURE PLANS
We are confident in the critical service we offer in Cornton, Stirling, and we are looking forward to another successful year in 2025 -2026. We hear personal accounts of families choosing Cornton Primary School based on the access to wrap around care, supporting their capacity to work and study, or to seek employment.
Given the introduction of a Breakfast Club in October 2024, we will evaluate the financial viability of the programme, with every intention to continue to offer complete wrap around care from 8AM to 6PM throughout 2025 -26.
We will continue to work with the school leadership team to offer no-cost places to families in our community, to promote social inclusion and relieve deprivation. Approximately half of pupils on the school roll live in a SIMD 20% most deprived area.
In spite of significant financial pressures, including substantial rent costs to Stirling Council, increase in minimum wage, and increase in every day catering costs, we are proud of the fact that we have kept our fees static and have not passed those increasing costs on to our families. We will review our fees in 2025-26, however, we will only increase the costs to our families as a last resort. We want to remain as an affordable, accessible service.
We will continue to seek grant funding from charitable foundations, government, and other sources to underpin our offering.
APPROVAL
This report was approved by the trustees on 27th March 2026 and signed on their behalf by:
Craig Faulds Chair
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INDEPENDENT EXAMINER’S REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Independent Examiner's Report to the Trustees of Cornton OSC
I report on the accounts of the charity for the year ended 30 June 2025, which are set out on pages 10 to 13.
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:-
-
which gives me reasonable cause to believe that in any material respect, the requirements
-
to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
-
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lee Stevenson 22 Adam Grossert Court Stenhousemuir Falkirk FK5 4QT
29th March 2026
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STATEMENT OF RECEIPTS & PAYMENTS
FOR THE YEAR ENDED 30 JUNE 2025
| Note Receipts Grants 5 Fees Payments Charitable Activities 6 Governance Costs Purchase of Fixed Assets Net movement in funds Transfers between funds Surplus/(Deficit) for year |
Unrestricted Restricted Total Total Funds Funds 2025 2024 £ £ £ £ - 9,775 9,775 10,250 25,435 - 25,435 17,688 25,435 9,775 35,210 27,938 21,110 14,131 35,241 25,565 350 - 350 300 21,460 14,131 35,591 25,865 - - - 23 |
|---|---|
| 21,460 14,131 35,591 25,888 3,975 (4,356) (381) 2,050 6 (6) 3,981 (4,362) (381) 2,050 |
The Notes on pages 12 to 13 form an integral part of these accounts.
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STATEMENT OF BALANCES
AS AT 30 JUNE 2025
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds Reconciliation | Note Funds £ |
Funds £ |
2025 £ |
2024 £ |
| Balance as at 01 July 2024 | 3,897 | 4,362 | 8,259 | 16,505 |
| Surplus/(Deficit) for year | 3,981 | (4,362) | (381) | (8,246) |
| Balance as at 30 June 2025 | 7,878 | - | 7,878 | 8,259 |
| Bank & Cash Balances | ||||
| Cash at Bank | 7,878 | 8,259 | ||
| Cash in Hand | - | - | ||
| 7,878 | 8,259 | |||
| Other Assets | ||||
| Laptop & Printer (est) | 80 | 100 | ||
| Liabilities | ||||
| Independent Examination Fee | 350 | 350 | ||
| Rent Stirling Council | 4,004 | 3,700 |
The Notes on pages 12 to 13 form an integral part of these accounts.
COSC has no other contingent liabilities.
These accounts were approved by the trustees on 27th March 2026 and signed on their behalf by:
Craig Faulds Chair
Orla Bell Treasurer
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. Basis of Preparation
These accounts have been prepared on the receipts & payments basis in accordance with:
-
(a) The Charities and Trustee Investment (Scotland) Act 2005
-
(b) The Charities Accounts (Scotland) Regulations 2006 (as amended)
2. Fund Accounting
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(a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity.
-
(b) Designated funds are unrestricted funds that the trustees have set aside for particular purposes. The designation is administrative only and does not restrict the trustees’ ability to apply the funds. There were no designated funds during the accounting period.
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(c) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes.
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(d) The purposes of the funds are shown in Note 8.
3. Taxation
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(a) The charity is not liable to income tax or capital gains tax on its charitable activities.
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(b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
4. Transactions with trustees and related parties
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(a) No remuneration was paid to trustees or any persons connected with them during the accounting period (2024: NIL).
-
(b) No expenses were reimbursed to the trustees during the accounting period (2024: NIL).
-
(c) No travelling costs were reimbursed to trustees during the accounting period (2024: NIL).
5. Grants
| Stirling & Bridge of Allan Roundtable Scottish Children's Lottery Fund Baynes Charitable Trust Hugh Fraser Foundation Corra Foundation UK Shared Prosperity Fund Magic Little Grant SC Community Grant SC Community Benefit Award |
Unrestricted Restricted Total Total Funds Funds 2025 2024 |
|---|---|
| £ £ £ £ - 500 500 - - 1,000 1,000 - - 75 75 - - 2,700 2,700 - - - - 3,000 - 5,500 5,500 5,500 - - - 500 - - - 1,000 - - - 250 |
|
| - 9,775 9,775 10,250 |
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
6. Cost of Charitable Activities
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds £ |
Funds £ |
2025 £ |
2024 £ |
|
| Salary Costs | 16,158 | 11,625 | 27,783 | 18,900 |
| Rent | 2,777 | - | 2,777 | 3,659 |
| Training | - | - | - | 62 |
| Admin Costs | 200 | 5 | 205 | 337 |
| Insurance | 439 | - | 439 | 476 |
| Consumables | 179 | 885 | 1,064 | 120 |
| Toys | - | 182 | 182 | 21 |
| Catering | 1,357 | 1,213 | 2,570 | 1,826 |
| Marketing | - | - | - | 110 |
| Professional Costs | - | 34 | 34 | 36 |
| Sundries | - 21,110 |
187 14,131 |
187 35,241 |
18 25,565 |
7. Movements in Funds
| Movements in Funds | |
|---|---|
| Unrestricted Funds General Fund Restricted Funds Hugh Fraser Foundation Baynes Charitable Trust Scottish Children's Lottery Stirling & BofA Roundtable UK Shared Prosperity Fund Total Funds |
As at As at 30/06/2024 Receipts Payments Transfer 30/06/2025 |
| £ £ £ £ £ 3,897 25,435 (21,460) 6 7,878 |
|
| - 2,700 (2,695) (5) - - 75 (75) - - - 1,000 (1,000) - - - 500 (502) 2 - 4,362 5,500 (9,859) (3) - |
|
| 4,362 9,775 (14,131) - 8,259 35,210 (35,591) - 7,878 |
8. Purpose of Funds
General Fund
UK Shared Prosperity Fund
An unrestricted fund that can be expended at the discretion of the trustees in furtherance of the objects of the charity.
A restricted fund to help sustain the charity by contributing to the managers salary.
Hugh Fraser Foundation
Baynes Charitable Trust Stirling & BofA RoundTable
Scottish Children’s Lottery
A restricted fund to contribute to core costs (salary, rent, insurance, catering), play equipment and craft materials, and other enrichment materials, and to contribute to funded places.
A restricted fund to help establish the new Breakfast Club.
A restricted fund to help establish the new Breakfast Club alongside the after-school provision.
A restricted fund to contribute to salary costs of a playworker.
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