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REGISTERED COMPANY NUMBER: SC269796 (Scotland)
REGISTERED CHARITY NUMBER: SC010344














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited
(A Company Limited by Guarantee)

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 15

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Reference and Administrative Details
for the Year Ended 30 June 2024



TRUSTEES Ms E Bradley
G A Houston


REGISTERED OFFICE Muirfield 1a South Muirhead Road
Seafar
Cumbernauld
G67 1AX


REGISTERED COMPANY
NUMBER
SC269796 (Scotland)


REGISTERED CHARITY
NUMBER
SC010344


INDEPENDENT EXAMINER Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ


BANKERS Santander
40-42 Teviot Walk
Cumbernauld
G67 1NG


SOLICITORS Burness
120 Bothwell Street
Glasgow
G2 7JL

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited (Registered number: SC269796)

Report of the Trustees
for the Year Ended 30 June 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects and its principal activities are:

(a) To advance education of and provide care for children under school age including;

(i) Providing a safe educational environment to enable children to reach their full potential; and

(ii) Working jointly with local residents within the community in order to facilitate the objects set out above.

(b) To promote equality and diversity by eliminating discriminatory practice in the care and education of children.

Significant activities
Our purpose built nursery with conjoining premises for our out of school care allows us to provide early learning and childcare for 34 school age children. We provide early learning and childcare for up to 9 babies to 2 years in the Caterpillar Room, up to 10 2 - 3 year olds in the Ladybird Room and 24 children aged 3 - 5 in the Butterfly Room am or pm.

Public benefit
The charity constitutes a public benefit entity as defined by FRS102.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
We have purchased new resources which are insulated food dishes to keep the children's food warm allowing them independence in serving themselves. Lamps for all the playrooms as the ceiling lighting is very bright. New kitchen equipment and outdoor benches. New buggies for taking children out on walks in the community. ICT resources and benches for outdoor use. A new laptop for the smart board and planting and growing resources. We purchased new outdoor fencing to provide privacy for children accessing the garden area. We updated the Butterfly playroom furniture from Community playthings. New sleep mats for children and a new changing station which together cost £11,062.14.

We purchased paint and dado rails from B & Q at a cost of £478.79 to make each playroom less clinical looking which gave the playrooms a cosy effect.

We invested in First Aid Training at a cost of £588.00 for 10 members of staff. Food Hygiene training for a staff member to provide decanting of children's lunches from NLC boxes into insulated containers at a cost of £15.00. Talking Mats training for Head of Centre at a cost of £178.00 a person-centred communication framework that supports children's thinking and expressing their views.


Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited (Registered number: SC269796)

Report of the Trustees
for the Year Ended 30 June 2024

FINANCIAL REVIEW
Financial position
The results for the year with accompanying notes are set out on pages 6 to 15.

Income in 2024 increased to £451,608 from £445,733 in 2023. Expenditure in 2024 decreased to £439,591 from £447,712 in 2023. As a result there was a surplus of £12,017 in 2024 compared to a deficit of £1,979 in 2023.

Reserves policy
The level of funding at present is adequate to support the continuation of the nursery now in operation for the medium term and the Trustees consider the financial position of the charity to be satisfactory.

The present level of reserves represents approximately six months of annual expenditure allowing the Trustees to meet their obligations should potential liabilities arise.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 24 June 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Trustees Board. Under the requirements of the Memorandum and Articles of Association the members of the Trustees Board and Management Committee are subject to retirement by rotation.

Organisational structure
The management committee meets on a regular basis with formal and ad hoc meetings when necessary. The Head of Centre continues to have responsibility for the day to day operational management supported by the Depute Head of the Centre, senior staff and Board of Directors.

Induction and training of new trustees
Trustees and management committee members are familiar with the practical work of the nursery and out of school care and training is undertaken to support their role. Management training has been provided by Peninsula in keeping with Employment Law.

Related parties
In so far as it is complimentary to the charity's objects, the charity is guided by both local and national policy. At a national level the nursery supports and links with North Lanarkshire Council and the Head of Centre and deputes attend a variety of meetings in respect of Children and Young Peoples Forums.


Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited (Registered number: SC269796)

Report of the Trustees
for the Year Ended 30 June 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees and Management Committee members in conjunction with Business Gateway have highlighted training to compliment the service they provide. Internal control risks are minimised by the implementation of procedure for authorisation for all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of staff, students, trainees, volunteers, children, parent/carers and visitors to the nursery.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Cumbernauld & Kilsyth Nursery And Out Of School Care Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 11 March 2025 and signed on its behalf by:





Ms E Bradley - Trustee

Independent Examiner's Report to the Trustees of
Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

I report on the accounts for the year ended 30 June 2024 set out on pages six to fifteen.

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 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report
My examination was 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 seeking explanations from you as 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 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; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

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








Francis W. Duncan F.A.I.A.
The Association of International Accountants

Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

11 March 2025

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Statement of Financial Activities
for the Year Ended 30 June 2024

30.6.24 30.6.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities 449,219 443,537

Other trading activities 2 1,524 1,883
Investment income 3 865 313
Total 451,608 445,733

EXPENDITURE ON
Raising funds - 2,721

Charitable activities
Charitable Activities 439,591 444,991
Total 439,591 447,712

NET INCOME/(EXPENDITURE) 12,017 (1,979 )


RECONCILIATION OF FUNDS
Total funds brought forward 197,557 199,536

TOTAL FUNDS CARRIED FORWARD 209,574 197,557

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited (Registered number: SC269796)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 2,270 1,873

CURRENT ASSETS
Debtors 9 18,011 13,804
Cash at bank and in hand 191,429 185,042
209,440 198,846

CREDITORS
Amounts falling due within one year 10 (2,136 ) (3,162 )

NET CURRENT ASSETS 207,304 195,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

209,574

197,557

NET ASSETS 209,574 197,557
FUNDS 11
Unrestricted funds 209,574 197,557
TOTAL FUNDS 209,574 197,557

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited (Registered number: SC269796)

Balance Sheet - continued
30 June 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 11 March 2025 and were signed on its behalf by:





E Bradley - Trustee

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - straight line over 3 years
Motor vehicles - straight line over 5 years
Computer equipment - straight line over 3 years

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES
30.6.24 30.6.23
£    £   
Fundraising events 1,524 1,883

3. INVESTMENT INCOME
30.6.24 30.6.23
£    £   
Deposit account interest 865 313

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.6.24 30.6.23
£    £   
Depreciation - owned assets 1,611 3,183

5. TRUSTEES' REMUNERATION AND BENEFITS

The Head of Centre is remunerated under the terms of their employment with the Nursery as provided for in the Memorandum and Articles of Association. During the year ended 30 June 2024 payments, including employer's national insurance contributions, of £46,321 (2023: £46,651) were made. No other director received any remuneration during the year.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.



Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. STAFF COSTS
30.6.24 30.6.23
£    £   
Wages and salaries 357,386 355,203
Social security costs 19,234 17,396
Other pension costs 5,335 5,683
381,955 378,282

The average monthly number of employees during the year was as follows:

30.6.24 30.6.23
Nursery & aftercare 13 14
Management & administration 2 3
Support staff 2 2
17 19

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities 443,537

Other trading activities 1,883
Investment income 313
Total 445,733

EXPENDITURE ON
Raising funds 2,721

Charitable activities
Charitable Activities 444,991
Total 447,712

NET INCOME/(EXPENDITURE) (1,979 )


RECONCILIATION OF FUNDS
Total funds brought forward 199,536


Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED
FORWARD

197,557

8. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 18,243 15,827 15,707 49,777
Additions 1,798 - 210 2,008
At 30 June 2024 20,041 15,827 15,917 51,785
DEPRECIATION
At 1 July 2023 16,843 15,827 15,234 47,904
Charge for year 1,304 - 307 1,611
At 30 June 2024 18,147 15,827 15,541 49,515
NET BOOK VALUE
At 30 June 2024 1,894 - 376 2,270
At 30 June 2023 1,400 - 473 1,873

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 12,753 10,997
Other debtors 5,258 2,807
18,011 13,804


Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Deferred income 456 1,482
Accrued expenses 1,680 1,680
2,136 3,162

11. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 197,557 12,017 209,574

TOTAL FUNDS 197,557 12,017 209,574

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 451,608 (439,591 ) 12,017

TOTAL FUNDS 451,608 (439,591 ) 12,017


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 199,536 (1,979 ) 197,557

TOTAL FUNDS 199,536 (1,979 ) 197,557

Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 445,733 (447,712 ) (1,979 )

TOTAL FUNDS 445,733 (447,712 ) (1,979 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 199,536 10,038 209,574

TOTAL FUNDS 199,536 10,038 209,574

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 897,341 (887,303 ) 10,038

TOTAL FUNDS 897,341 (887,303 ) 10,038


Cumbernauld & Kilsyth Nursery And Out Of
School Care Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.