Caseware UK (AP4) 2024.0.164 2024.0.164 Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-314989022353651359230153458385217722010332602024-04-01falseNo description of principal activity10102025-03-31 SC239605 2024-04-01 2025-03-31 SC239605 2023-04-01 2024-03-31 SC239605 2025-03-31 SC239605 2024-03-31 SC239605 2024-04-01 SC239605 2023-04-01 SC239605 c:CompanySecretary1 2024-04-01 2025-03-31 SC239605 c:RegisteredOffice 2024-04-01 2025-03-31 SC239605 d:Buildings 2024-04-01 2025-03-31 SC239605 d:Buildings 2025-03-31 SC239605 d:Buildings 2024-03-31 SC239605 d:MotorVehicles 2024-04-01 2025-03-31 SC239605 d:MotorVehicles 2025-03-31 SC239605 d:MotorVehicles 2024-03-31 SC239605 d:FurnitureFittings 2024-04-01 2025-03-31 SC239605 d:FurnitureFittings 2025-03-31 SC239605 d:FurnitureFittings 2024-03-31 SC239605 d:CurrentFinancialInstruments 2025-03-31 SC239605 d:CurrentFinancialInstruments 2024-03-31 SC239605 c:FRS102 2024-04-01 2025-03-31 SC239605 c:IndependentExaminationCharity 2024-04-01 2025-03-31 SC239605 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC239605 b:Trustee1 2024-04-01 2025-03-31 SC239605 b:Trustee2 2024-04-01 2025-03-31 SC239605 b:Trustee3 2024-04-01 2025-03-31 SC239605 b:Trustee4 2024-04-01 2025-03-31 SC239605 b:Trustee5 2024-04-01 2025-03-31 SC239605 b:Trustee6 2024-04-01 2025-03-31 SC239605 b:Trustee8 2024-04-01 2025-03-31 SC239605 b:Trustee9 2024-04-01 2025-03-31 SC239605 b:Trustee10 2024-04-01 2025-03-31 SC239605 b:Trustee11 2024-04-01 2025-03-31 SC239605 b:Trustee12 2024-04-01 2025-03-31 SC239605 b:Trustee13 2024-04-01 2025-03-31 SC239605 b:UnrestrictedFundsGeneral 2024-04-01 2025-03-31 SC239605 b:RestrictedIncomeFunds 2024-04-01 2025-03-31 SC239605 b:RestrictedIncomeFunds 2023-04-01 2024-03-31 SC239605 b:TotalEndowmentFunds 2024-04-01 2025-03-31 SC239605 b:TotalEndowmentFunds 2023-04-01 2024-03-31 SC239605 b:RestrictedIncomeFunds 2025-03-31 SC239605 b:RestrictedIncomeFunds 2024-03-31 SC239605 b:TotalEndowmentFunds 2025-03-31 SC239605 b:TotalEndowmentFunds 2024-03-31 SC239605 1 2024-04-01 2025-03-31 SC239605 1 2023-04-01 2024-03-31 SC239605 b:RestrictedIncomeFunds 1 2024-04-01 2025-03-31 SC239605 b:TotalEndowmentFunds 1 2024-04-01 2025-03-31 SC239605 b:Activity1 2024-04-01 2025-03-31 SC239605 b:Activity1 2023-04-01 2024-03-31 SC239605 b:Activity1 b:TotalEndowmentFunds 2024-04-01 2025-03-31 SC239605 b:Activity2 2024-04-01 2025-03-31 SC239605 b:FundraisingEvents b:Activity2 b:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 SC239605 b:FundraisingEvents b:Activity2 b:TotalEndowmentFunds 2024-04-01 2025-03-31 SC239605 b:FundraisingEvents b:Activity2 2024-04-01 2025-03-31 SC239605 b:FundraisingEvents b:Activity2 2023-04-01 2024-03-31 SC239605 b:TotalUnrestrictedFunds 2025-03-31 SC239605 b:TotalUnrestrictedFunds 2024-03-31 SC239605 b:TotalRestrictedIncomeFunds 2025-03-31 SC239605 b:TotalRestrictedIncomeFunds 2024-03-31 SC239605 c:FullAccounts 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: SC239605
Charity number: SC014170















FORFAR DAY CARE CENTRE
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9 - 22

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025


Trustees
Mr W G McLeod, Director/Chairman
Mrs E Ross, Director/Vice-Chairman
Ms K A Welsh, Secretary
Mrs V J Stewart, Director/Treasurer
Mr A J Drummond, Director/Honorary President
Ms F Anderson, Committee member
Mr G Balfour, Committee member
Ms A Ferguson, Committee member
Cllr. L Clark, Councillor
Cllr. R Greig, Councillor (resigned 30 April 2024)
Mrs G Osbourne, Honorary Vice President
Mrs M Fairley, Committee member

Company registered number
SC239605

Charity registered number
SC014170

Registered office
Lour Road
Forfar
DD8 2BB

Company secretary
K Welsh

Accountants
EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ

Page 1

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the Forfar Day Care Centre for the year 1 April 2024 to 31 March 2025The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The principal objective of the company is to provide day care facilities for the community. The Centre has two general aims:-
    (i)  The Deirdre Knight centre provides centre-based day care facilities for adults, within the local community.
         We provide the ethos of integration as opposed to categorisation for people experiencing the following:
         •        Social isolation 
         •        Mental health challenges 
         •        Physical health challenges 
         •        Restricted mobility challenges 
         •        Inappropriate accommodation challenges 
         •        Learning disabilities  
    (ii) to provide respite for carers.
The Centre promotes the ethos of integration for people experiencing social isolation, mental health challenges, physical health challenges, restricted mobility challenges and inappropriate accommodation challenges.
At Deirdre Knight Centre, we strive to alleviate the effects of social isolation and loneliness by providing opportunities for social interaction in a friendly and supportive atmosphere. 
Social isolation and loneliness are challenges faced by many groups.  At Deirdre Knight, we support adults and older people who are affected by a degree of physical or mental disability and are experiencing social isolation.  Deirdre Knight aims to promote independence, privacy, choice, dignity and safety, to support the people who use our services to be part of the wider community.   
The committee recognises the members' need for choice, independence, dignity and recognition in a safe and secure environment where they are encouraged to express their views and exercise their rights.  
 

Page 2

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
 
Achievements and performance
 

a. Review of activities
 

At the Deirdre Knight Centre, we strive to alleviate the effects of social isolation and loneliness by creating a friendly and supportive environment where members can enjoy meaningful social interaction.  Our day care service supports adults and older people, including those with physical or mental disabilities, helping them maintain independence and improve their quality of life.  
We offer a wide range of person-centred activities such as baking groups, musical entertainment, exercise sessions, and gardening, all designed to enhance mental and physical wellbeing. Seasonable highlights include summer outings and Christmas celebrations, and we make regular use of local amenities to keep members connected to the wider community.  The Centre also maintains strong links with Strathmore Primary School and other local organisations, fostering intergenerational engagement. 
Volunteer involvement is a vital part of our work.  Volunteers assist with activities, provide companionship, help with outings, and support fundraising efforts.  Their contribution strengthens our ability to deliver a warm, inclusive service and ensures members receive individual attention and care. 
In addition to these activities, we provide personal care and support within the Centre, ensuring that every visit is safe, comfortable, and enjoyable.  Our qualified staff team receives ongoing training and supervision, enabling us to deliver high-quality care.  Through these efforts, we aim not only to enrich the lives of our members but also to support those who care for them.  
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

General reserves are required to ensure that the charity has sufficient funds to cope with a short-term withdrawal of funding. Six months of normal expenditure is deemed to be a reasonable target for general reserves levels. At the year end general reserves amounted to £172,919 (2024 - £111,768), however included in this is designated funds to provide for the purchase of a bus in the future, comfort fund for the members and to provide for maintenace repairs. At the year end these funds totalled £51,455 (2024 - £46,274).
Restricted reserves reflect the value of tenant's improvements of £5 (2024 - £5) and a grant from Choice for Angus of £1,000 (2024 - £1,000), which will used for the provision of entertainment, for its members. Roof repair fund of £0 (2024 - £9,500) consisted of Grants received to assist with the funding for a large repair required to the roof of the building and a Bus Project fund of £0 (2024, £6,125) which was a fund raising project for the purchase of a new bus. The Bus Project fund and the Roof repair fund have now been allocated to designated funds as there are no longer restrictions on the donations that have been received.
 

Page 3

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
 
Structure, governance and management
 

a. Constitution
 

Forfar Day Care Centre is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
 

c. Organisational structure and decision-making policies
 

The centre is run by a voluntary management committee which receives an annual grant from Angus Council to cover staff and basic transport costs. There are 9 committee members who have voting rights and 2 non-voting (representatives from Angus Council and the Day Care Manager). Committee meetings are held monthly.
The management is representative of the community it serves. It comprises a mixture of professional and business people, ordinary members of the community, retired and working people.
There are also monthly meetings between members and staff and relevant points of concern are shared with the management committee.
The Day Care Centre Manager sees to the day-to-day running of the Centre with the assistance and support of the Chairman and Vice-Chairman. The manager sees to the day-to-day finances with the assistance and support of the Treasurer, Chairman and Vice-Chairman.
 

d. Policies adopted for the induction and training of Trustees
 

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.
New Trustees may be elected by a majority vote of existing Trustees.
 

e. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
The main financial concern is the continuation of the support by Angus Council. The manager has been in regular contact and meetings with Angus Council to discuss the ongoing support.
The Trustees continue to monitor the progress of the support with monthly meetings.
 

Members' liability
 

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.
 

Page 4

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 1 December 2025 and signed on their behalf by:
 




Mr W G McLeod
Chairman
Page 5

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the Trustees of Forfar Day Care Centre
 
I report on the accounts of the company for the year ended 31 March 2025 which are set out on pages 7 to 22.

Respective responsibilities of Trustees and examiner

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The 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 financial statements 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 was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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 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 Act and regulation 4 of the Accounts Regulations; and

to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

2.
to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.


This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.



Signed:      Dated: 2 December 2025

Angela Haig     CA CTA

EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
Page 6

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025


Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £

Income from:







Donations and legacies

3

59,524

251,413

310,937

273,284
 
Charitable activities

4

-

87,910

87,910

60,710
 
Other trading activities

5

1,936

1,710

3,646

-
 
Investments

6

-

3,859

3,859

2,745
 
Total income
61,460
344,892
406,352
336,739
Expenditure on:







Raising funds


-

230

230

-
 
Charitable activities

7

31,979

328,617

360,596

331,966
 
Total expenditure
31,979
328,847
360,826
331,966

Net income

  

29,481

16,045

45,526

4,773
 
Transfers between funds

 16 

(45,106)

45,106

-

-
 
Net movement in funds
  
(15,625)
61,151
45,526
4,773

Reconciliation of funds:

  





Total funds brought forward

  

16,630

111,768

128,398

123,625
 
Net movement in funds

  

(15,625)

61,151

45,526

4,773
 
Total funds carried forward
  
1,005
172,919
173,924
128,398

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 22 form part of these financial statements.

Page 7

 
FORFAR DAY CARE CENTRE
 
(A company limited by guarantee)
REGISTERED NUMBER: SC239605


 
BALANCE SHEET
AS AT 31 MARCH 2025


2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 12 
48,338
6,557

Current assets
  

Debtors
 13 
5,382
1,755

Investments
 14 
77,263
73,937

Cash at bank and in hand
  
71,070
73,111

  
153,715
148,803

Current liabilities
  

Creditors: amounts falling due within one year
 15 
(28,129)
(26,962)

Net current assets 
  
 
 
125,586
 
 
121,841

Total net assets 
  
173,924
128,398


Charity funds
  

Restricted funds
 16 
1,005
16,630

Unrestricted funds
 16 
172,919
111,768

Total funds
  
173,924
128,398

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees on 01 December 2025 and signed on their behalf by:



Mr W G McLeod
Chairman


Mrs E Ross
Vice chairman 

The notes on pages 9 to 22 form part of these financial statements.

Page 8

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Forfar Day Care Centre is a charitable company, limited by guarantee, incorporated in Scotland with the registration number SC239605. The company is also a registered charity in Scotland with the registration number SC014170. The registered office of the company is Lour Road, Forfar, DD8 2BD.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Forfar Day Care Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 9

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Expenditure (continued)

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. .

Depreciation is provided on the following bases:

Property improvements
-
6.66% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
10%/33.33% straight line

  
2.6

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.8

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

  
2.9

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.10

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

The Company is a member of a multi-employer plan for two of its employees. Where it is not possible for the Company to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

  
2.11

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.


3.

Income from donations and legacies





Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £
Page 11

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.Income from donations and legacies (continued)





Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £

 



 
Donations

39,524

8,799

48,323

30,023
 
Legacies

-

-

-

22,500
 
Grants

20,000

238,150

258,150

217,841
 
Similar incoming resources

-

4,464

4,464

2,920
 


59,524
251,413
310,937
273,284
Total 2024


26,575
246,709
273,284


4.

Income from charitable activities




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Self funded day care

87,910

87,910

60,710
 
Total 2024


60,710
60,710


5.

Income from other trading activities

Income from fundraising events





Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Fundraising

1,936

1,710

3,646

-
 

Page 12

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.

Investment income




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Interest received

3,859

3,859

2,745
 
Total 2024


2,745
2,745



7.

Analysis of expenditure on charitable activities


Summary by fund type





Restricted funds
2025
Unrestricted funds
2025
Total
2025
Total
2024
        £
        £
        £
        £





Care of the elderly

-

328,617

328,617

311,191
 
Restricted funds

31,979

-

31,979

20,775
 


31,979
328,617
360,596
331,966
Total 2024


20,775
311,191
331,966


8.

Analysis of expenditure by activities





Activities undertaken directly
2025
Support costs
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Care of the elderly

279,584

49,033

328,617

311,191
 
Restricted funds

-

31,979

31,979

20,775
 


279,584
81,012
360,596
331,966
Total 2024


253,173
78,793
331,966


Page 13

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.Analysis of expenditure by activities (continued)

Analysis of direct costs





Care of the elderly
2025
Restricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Staff costs

226,198

-

226,198

200,039
 
Provisions

2,655

-

2,655

2,226
 
Motor expenses

12,220

-

12,220

15,094
 
Travel expenses

550

-

550

500
 
Training

419

-

419

539
 
Wellbeing payments

-

-

-

325
 
Care commission fee

1,711

-

1,711

1,476
 
Meals

35,831

-

35,831

32,974
 


279,584
-
279,584
253,173
Total 2024


252,848
325
253,173

Page 14

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.Analysis of expenditure by activities (continued)

Analysis of support costs





Care of the elderly
2025
Restricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Depreciation

11,433

-

11,433

1,134
 
Rent and rates

3,050

20,450

23,500

23,586
 
Heat and light

9,299

-

9,299

15,759
 
Insurance

3,918

-

3,918

4,121
 
Telephone

968

-

968

1,468
 
Cleaning

4,093

-

4,093

2,748
 
Advertising and promotion

-

-

-

1,944
 
Printing, stationery and postage

460

-

460

221
 
Equipment hire

1,104

-

1,104

1,303
 
Repairs and maintenance

4,157

11,529

15,686

18,499
 
Subscriptions

2,275

-

2,275

1,767
 
Sundry expenses

360

-

360

1,735
 
Accountancy fees

1,830

-

1,830

1,446
 
Legal and professional fees

4,491

-

4,491

3,062
 
Comfort fund expenses

1,595

-

1,595

-
 


49,033
31,979
81,012
78,793
Total 2024


58,343
20,450
78,793


9.

Independent examiner's remuneration

2025
2024
£
£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
1,830
1,446

Page 15

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.



Staff costs


2025
2024
£
£


Wages and salaries
205,046
182,091

Social security costs
11,365
8,737

Contribution to pension schemes
9,787
9,211

226,198
200,039

The average number of persons employed by the Company during the year was as follows:


2025
2024

No.
No.


10
10

No employee received remuneration amounting to more than £60,000 in either year.





11.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

Page 16

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Tangible fixed assets




Property improvements
Motor vehicles
Fixtures and fittings
Total

£
£
£
£


Cost or valuation

At 1 April 2024
386,642
72,502
23,640
482,784

Additions
-
57,214
-
57,214

Disposals
-
(35,083)
-
(35,083)


At 31 March 2025

386,642
94,633
23,640
504,915


Depreciation

At 1 April 2024
386,637
72,500
17,090
476,227

Charge for the year
-
14,304
1,128
15,432

On disposals
-
(35,082)
-
(35,082)


At 31 March 2025

386,637
51,722
18,218
456,577


Net book value


At 31 March 2025
5
42,911
5,422
48,338


At 31 March 2024
5
2
6,550
6,557


13.



Debtors


2025
2024
£
£


Due within one year

Prepayments and accrued income
5,382
1,755

5,382
1,755


14.



Current asset investments


2025
2024
£
£

Unlisted investments
77,263
73,937

Page 17

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

15.



Creditors: Amounts falling due within one year


2025
2024
£
£


Trade creditors
3,960
1,418

Accruals and deferred income
24,169
25,544

28,129
26,962

Page 18

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

16.

Statement of funds


Statement of funds - current year

Balance at 1 April 2024
£
Income
£
Expenditure
£
Transfers in/out
£
Balance at 31 March 2025
£

Unrestricted funds






Designated funds







Repair and maintenance fund

40,000

-

-

-

40,000
 
Roof repair fund

1,306

-

-

(1,306)

-
 
Bus project fund

4,968

9,356

-

(6,079)

8,245
 
Comfort fund

-

1,685

(1,595)

3,120

3,210
 



46,274
11,041
(1,595)
(4,265)
51,455

General funds







General Funds - all funds

65,494

333,851

(327,252)

49,371

121,464
 
Total Unrestricted funds




111,768

344,892

(328,847)

45,106

172,919

Restricted funds







Tenant's improvements

5

20,450

(20,450)

-

5
 
Entertainment fund

1,000

-

-

-

1,000
 
Roof repair fund

9,500

-

(11,529)

2,029

-
 
Bus project

6,125

41,010

-

(47,135)

-
 



16,630
61,460
(31,979)
(45,106)
1,005

Total of funds


128,398
406,352
(360,826)
-
173,924

Page 19

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

16.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 April 2023
£
Income
£
Expenditure
£
Transfers in/out
£
Balance at
31 March 2024
£

Unrestricted funds






Designated funds







Repair and maintenance fund

40,000

-

-

-

40,000
 
Roof repair fund

4,000

-

(2,694)

-

1,306
 
Bus project fund

-

-

-

4,968

4,968
 



44,000
-
(2,694)
4,968
46,274

General funds







General Funds - all funds

68,780

310,164

(308,497)

(4,953)

65,494
 
Total Unrestricted funds




112,780

310,164

(311,191)

15

111,768


Restricted funds







Tenant's improvements

5

20,450

(20,450)

-

5
 
Entertainment fund

1,000

-

-

-

1,000
 
Roof repair fund

9,500

-

-

-

9,500
 
Bus project

340

-

(325)

(15)

-
 
Bus Project

-

6,125

-

-

6,125
 



10,845
26,575
(20,775)
(15)
16,630


Total of funds


123,625
336,739
(331,966)
-
128,398

Page 20

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

17.

Summary of funds


Summary of funds - current year

Balance at 1 April 2024
£
 
Income
£
 
Expenditure
£
 
Transfers in/out
£
 
Balance at 31 March 2025
£
 
Designated funds

46,274

11,041

(1,595)

(4,265)

51,455
 
General funds

65,494

333,851

(327,252)

49,371

121,464
 
Restricted funds

16,630

61,460

(31,979)

(45,106)

1,005
 


128,398
406,352
(360,826)
-
173,924


Summary of funds - prior year

Balance at
1 April 2023
£
 
Income
£
 
Expenditure
£
 
Transfers in/out
£
 
Balance at
31 March 2024
£
 
Designated funds

44,000

-

(2,694)

4,968

46,274
 
General funds

68,780

310,164

(308,497)

(4,953)

65,494
 
Restricted funds

10,845

26,575

(20,775)

(15)

16,630
 


123,625
336,739
(331,966)
-
128,398


18.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
        £
        £
        £



Tangible fixed assets

5

48,333

48,338

Current assets

1,000

152,715

153,715

Creditors due within one year

-

(28,129)

(28,129)

Total 


1,005
172,919
173,924


Page 21

 
FORFAR DAY CARE CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

18.Analysis of net assets between funds (continued)


Analysis of net assets between funds - prior year

Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
        £
        £
        £



Tangible fixed assets

5

6,552

6,557

Current assets

16,625

132,178

148,803

Creditors due within one year

-

(26,962)

(26,962)

Total 

16,630
111,768
128,398


19.


Pension commitments

The Company operates a defined benefit pension scheme for two of its employees. However, the scheme is a multiple employer scheme and the Company is unable to identify its share of the underlying assets and liabilities. 

Page 22