FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015
MOSHEAD PRE-SCHOOL AND PLAYGROUP Page 2 REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015 CONTENTS Information 3 Page Trustees report 4 Independent examiner s report 5 Receipts and payments account 6 Balance Sheet 7 Notes to the financial accounts 8
Page 3 INFORMATION Charity Number: SC009508 Trustees (current): Independent Examiner: Bankers: Bank of Scotland 2 Station Road Milngavie Glasgow G62 8AA Principal address:
Page 4 TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2015 The trustees present their report and the financial accounts for the year ended 30 April 2015. Trustees who served during the year Recruitment and appointment of Trustees All of the trustees are office bearers of the management committee and are appointed by parents at our annual general meeting which is held in May this year. Governing document The pre-school and playgroup is a charitable unincorporated association and the purposes and administration arrangements are set out in our constitution. Charitable purposes Our purposes, as recorded in our constitution, are to provide the education of pre-school children with the emphasis on play experience and to promote and fundraise with activities through which parents may help the children. Activities and achievements During the year, we continued to operate the Pre-School and Playgroup within Mosshead Primary School. We receive income from East Dunbartonshire Council per child attending. The amount we receive per child has increased this year since the length of each funded session has increased from 2 hours 30 minutes to 3 hours 10 minutes. The funding from the Council this year has therefore increased by 6,153 on last year. The income from the unfunded places fees increased by 773 due to an increase in number of children attending. As a result, there was a surplus for the year and this in turn has improved the reserve fund. Trustee remuneration and expenses The trustees did not receive any remuneration during the year. Reserves The Pre-School and Playgroup held unrestricted funds of 34,154 at the year end, 3,000 of which was a community grant received from East Dunbartonshire Council for the purpose of relocating premises. Our reserves will ensure that we and the staff can continue to look for ways to make our group a safe and fun place for our children to be. Approved by the Trustees and signed on their behalf: Date: 13 May 2015
Page 5 INDEPENDENT EXAMINER S REPORT TO THE TRUSTEES I report on the accounts of the charity for the year ended 30 April 2015 which are set out on pages 6 to 8. 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 Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1)(c) of the 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 Charities Accounts (Scotland) Regulations 2006. 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 the course of my examination, no matter has come to my attention: 1. 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 Accounts Regulations to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met. 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 13 May 2015
Page 6 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30 APRIL 2015 2015 2014 Receipts EDC Funding 54,142 47,989 Fees 4,486 3,713 Fundraising 794 380 Uniforms 77 425 Treat Fund 4,711 3,178 EDC Community Grant 3,000 - Total receipts 67,210 55,685 Payments Fundraising - 54 Total payments for fundraising - 54 Payments for charitable activities : Salaries 51,336 52,881 Equipment 632 3,405 Materials 1,052 1,318 Gifts 225 1,134 Provisions 1,002 1,427 Activities 234 1,836 Total payments for charitable activities 54,481 62,001 Governance costs: Telephone and Internet 318 414 Administration 3,108 3,309 Insurance 405 246 Contribution to Mosshead Primary School 2,000 2,000 Donation to Worldvision (Child sponsorship) 274 274 Uniforms 144 336 Total Governance costs 6,249 6,579 Total payments 60,730 68,634 Surplus/(deficit) for the year 6,480 (12,949) All funds are unrestricted funds
Page 7 BALANCE SHEET AS AT 30 APRIL 2015 2015 2014 Bank and cash in hand: Opening balance 27,674 40,623 Surplus/(deficit) for the year 6,480 (12,949) -- Closing balance 34,154 27,674 -- Reserves: Unrestricted general funds 34,154 27,674 -- All funds are unrestricted Approved by the Trustees and signed on their behalf: Date: 13 May 2015
Page 8 NOTES TO THE FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015 1. ACCOUNTING POLICIES In preparing the accounts the following policies have been complied with: The accounts have been prepared on the historic cost convention. The accounts are in accordance with applicable accounting standards, the Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities Accounts (Scotland) Regulations 2006. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognized when the charity becomes unconditionally entitled to the grant. Activities for generating funds are not part of the directly charitable activities but are carried out in order to generate incoming resources to support those activities. Resources expended Resources expended are included in the Statement of Financial Activities on a cash basis, inclusive of any VAT which cannot be recovered. Fund accounting Funds held by the charity are unrestricted funds which are available for use at the discretion of the trustees in the furtherance of the general objects of the charity. 2. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS No trustee or other person related to the charity had any personal interest in any contact or transaction entered into by the charity during the year (2013-14 nil). None of the trustees received any remuneration during the year (2013-14 nil). 3. TAXATION As a charity, Mosshead Pre-School and Playgroup is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 4. UNRESTRICTED FUNDS 2015 2014 Total funds brought forward 27,674 40,623 Net (outgoing)/incoming for the year 6,480 (12,949) Total funds carried forward 34,154 27,674