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2026-03-31-accounts

REGISTERED COMPANY NUMBER: SC215070 (Scotland) REGISTERED CHARITY NUMBER: SC002491

Report of the Trustees and Financial Statements for the Year Ended 31 March 2026

for Annexe Communities

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

Annexe Communities

Contents of the Financial Statements for the Year Ended 31 March 2026

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
Notes to the Financial Statements 8 to 18

Annexe Communities

Reference and Administrative Details for the Year Ended 31 March 2026

TRUSTEES C Connelly - Chairperson
B Lindsey - Treasurer
J Wilson (appointed 15.10.25)
C Ross
S Jackson
S White (resigned 15.10.25)
K E Macdonald
E Gordon (appointed 2.2.26)
COMPANY SECRETARY K Anwar
REGISTERED OFFICE The Annexe, 9a Stewartville St.
Partick
Glasgow
G11 5PE
REGISTERED COMPANY NUMBER SC215070 (Scotland)
REGISTERED CHARITY NUMBER SC002491
INDEPENDENT EXAMINER David Nicholls FCCA
Brett Nicholls Associates
Herbert House
24 Herbert Street
Glasgow
G20 6NB
BANKERS Bank of Scotland
PO Box 1000
BX2 1LB
SOLICITORS Archibald Sharp
270 Dumbarton Road
Glasgow
G11 6TX
CORE STAFF TEAM
J Fox General Manager (retired 30 April 2025)
K Anwar General Manager
J Osborne Cook
M Halliday PT Centre Assistant
R Kelly PT Centre Assistant
D Halliday PT Centre Assistant
R Stewart
PT Centre Assistant
PROJECT STAFF
J Cowie Project Coordinator
M Keenan Volunteer Development Worker
S MacDowell Social Prescribing Development Worker
C Macpherson Admin & Marketing assistant

Page 1

Annexe Communities

Report of the Trustees for the Year Ended 31 March 2026

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 31 March 2026. 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 key aims are to:

Our current business plan prioritises:

ACHIEVEMENTS AND PERFORMANCE

Annual Work Plans

Annual work plans guide delivery across our services, including the healthy eating café, social prescribing, health improvement activities such as cooking classes, stress management and exercise, cultural events, and community activities. Each funded project has its own objectives, all aligned to our strategic aims.

In 2025-26, our premises operated normally. Facilities hire income remained below pre-pandemic levels but showed a steady increase. We recorded 6,392 attendances at Annexe-led activities, with 543 individuals participating in more than one activity weekly. These figures do not include café customers or private hire groups.

We successfully completed the community asset transfer of the Annexe building in January 2026, and the building is now fully owned by us. Our renewable energy systems are fully operational, eliminating gas costs entirely and generating approximately two-thirds of our electricity needs in 2025–26. By producing clean energy on-site, we are significantly reducing our carbon footprint and supporting a more sustainable community.

Key projects in 2025–26 included:

We keep stakeholders informed through our website, social media, e-newsletters, and printed materials. Our Annual Report is published in October.

FINANCIAL REVIEW

Principal funding sources

Projected core costs for 2026-27 are approximately £114,732, covering building and café operations. As we receive no core funding, these costs will be met through earned income, fundraising, and overhead recovery from funded projects. We currently anticipate a surplus of approximately £3,548.

Page 2

Annexe Communities Report of the Trustees for the Year Ended 31 March 2026 FINANCIAL REVIEW Reserves policy

The Board reviewed and updated the charity’s reserves policy during the year. Key designations are:

The Board remains confident in the organisation’s financial resilience and will continue to build reserves through social enterprise and surplus generation.

At balance date total reserves stood at £776,174 (2025: £586,203), with £6,666 being unrestricted cash reserves (2025: £14,938), £138,270 designated for the purposes above (2025: £188,539), £616,885 representing the net book value of fixed assets (2025: £362,694) and £14,353 held in restricted funds (2025: £20,032).

Summary

The Charity generated income of £494,820 (2025: £330,181) and expenditure of £304,849 (2025: £299,190) resulting in a surplus of £189,971 (2025: £30,991). This large surplus is primarily due to the receipt of a £248,500 grant from Scottish Land Fund towards the purchase of the Annexe building which was acquired for £260,000. The purchase of the building has been shown as a transfer to designated fixed asset reserves. Excluding the effect of the Scottish Land Fund grant, the charity would have incurred a deficit of £58,529.

At 31 March 2026 the Charity's reserves stood at £776,174 (2025: £586,203) with £6,666 of these being unrestricted, free reserves (2025: £14,938), £616,885 representing the net book value of fixed assets (2025: £362,694), £138,270 designated for specific purposes (2025: £188,539) and £14,353 held in restricted funds (2025: £20,032).

FUTURE PLANS

In 2026-27, our priorities include fully utilising the Annexe building under community ownership and continuing to maximize the benefits of our renewable energy systems. With new funding secured to address the cost-of-living crisis, we will expand our support, helping people access practical assistance such as food surplus distribution and essential goods. Our planned services and activities, as outlined in our action plans, will continue, subject to funding.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Annexe Communities is a charitable company limited by guarantee, incorporated on 19 January 2001 and registered as a charity on 3 April 1987. It is governed by its Articles of Association, which set out the charity’s objectives and powers. In the event of winding up, members are liable to contribute a sum not exceeding £1.

Recruitment and appointment of new trustees

The Directors of the company are also charity trustees as defined by charity law. In accordance with the governing documents, the two longest-serving directors retire annually but may offer themselves for re-election. Given the organisation’s community focus, the Board actively seeks to reflect the diversity and interests of the local community. Trustees are recruited through outreach to service users, beneficiaries, and local networks to ensure a broad range of skills, knowledge, and community representation.

Organisational structure

The Board may consist of up to 12 Directors, of which at least 10 must be G11 residents, ensuring local representation. The Board meets at least four times annually, with subcommittees (e.g., staffing, business development) convened as needed. Strategic oversight and policy setting are the responsibility of the Board, while day-to-day management is delegated to the General Manager. The General Manager oversees operational delivery, staff supervision, and strategic development alongside the Board’s subgroups. Temporary working groups are established as required.

Responsibilities of the Board of Directors

Company law requires the Board to prepare financial statements that give a true and fair view of the state of affairs of the charity and its financial activities for the year. In preparing these, the Board must:

Page 3

Annexe Communltles Report of the Trustees for the Yèar Ended 31 March 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT Responsibilities of the Board of Direetors The Board is responsiNe lor maintaining proper records, safeguarding the charity's 8ssets, and prevènting traud. They confimi that-. So far as they are aware, there is no relevant audit infoTrMation of which the exarniner Is unaware. They have taken all steps to ensu￿ awareness ol such InfOmiat￿n and shared itwth the examiner. Induction and training of nèw trustées All trustees are kept informed of the charity's work and developrnents via regular updates and reports. They are encouraged lo attend training sessions relevant to their rdes. both intemally and externally. Key management remuneration In the opinion of the trustees there is one member ol key management, the General Manager. The totsl cost to the ernploy8r lor this wst in 2025-26 was £48.61712025 £41,710). Staffing Staffing levels and remuneration are reviewed annually by the 8oard in line wth organisational needs. A small core team is maintained, wryth addition81 project-specific and session315taff employed as needed. Ouring 2025-26, Annexe Communities employed ten staff, equivalentto 6.0 FtE permanent positions. Risk management The Board regularly reviews key extem81 and intemal risks as oudined in the charity's current business plan. Measures have been established to mitigate these, including the development of self-generated income and full cost ￿e0Very on grants and contracts to reduce dependency on external funding. Finanaal procedures are in p18ce to 8Uthorise transactions and ellsure intemal control. Compliance with health and safety regulations for staff, volunteers, and visitors is continualy monitored. To manage fillanual risk, the ch8rty mailltains 8 savings account bmth the Charity Bank, mits"gating the risk of ex￿edIng the FSCS limit of £120,000 and providing a modest return. All risk prC￿edureS are reviewed regularty to ensur¢they remain effective and fit for purpose. Approved by order of the board of trustees on . 101 <72Lg and signed on its behalf by.. C Connelly- Trustee Page 4

Independent Examiner's Report to the Trustees of Annexe Communities

I report on the accounts for the year ended 31 March 2026 set out on pages six to eighteen.

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 :

have not been met; or

David Nicholls FCCA

Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

Date: ............................................. 12 August 2026

Page 5

Annexe Communities

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2026

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
25,424
405,783
Other trading activities
4
44,834
5,565
Investment income
5
2,714
-
Other income
6
10,500
-
Total
83,472
411,348
EXPENDITURE ON
Raising funds
7
3,376
18,084
Charitable activities
8
Community and health based activities
173,819
109,570
Total
177,195
127,654
NET INCOME/(EXPENDITURE)
(93,723)
283,694
Transfers between funds
19
289,373
(289,373)
Net movement in funds
195,650
(5,679)
RECONCILIATION OF FUNDS
Total funds brought forward
566,171
20,032
TOTAL FUNDS CARRIED FORWARD
761,821
14,353		 2026
Total
funds
£
431,207
50,399
2,714
10,500
494,820
21,460
283,389
304,849
189,971
-
189,971
586,203
776,174		 2025
Total
funds
£
283,982
38,424
2,775
5,000
330,181
19,399
279,791
299,190
30,991
-
30,991
555,212
586,203

CONTINUING OPERATIONS

This statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities in both years.

Comparative figures for the previous year by fund type are shown in Note 14.

The notes on pages 8 to 18 form part of these financial statements.

Page 6

Annexe Communitiès Balance Sheet 31 March 2026 2026 2025 Notes FIXED ASSETS Tangible assets 15 616,885 362,694 CURRENT ASSETS Debtors Cash at bank and in hand 16 26,020 156,766 18,862 246,758 182,786 265,620 CREDITORS Amounts falling due wthin one year 17 123,4971 142,1111 NET CURRE￿ ASSETS 159 289 223 509 TOTAL ASSETS LESS CURRENT LIABILITIES 776 174 588 203 NET ASSETS 776,174 586,203 FUNDS Unrestiicted funds". General fund Fixed Assets Development Fund Redundancy Fund Repairs Fund Equipment Replacement Fund Six Month Reserves Fund 19 6,666 616,885 5,428 27,842 10,000 10,000 85.000 14,938 362.694 20,429 31.873 16,237 10.000 110.000 761 821 568.171 Restricted fijnds 14, 20,032 TOTAL FUNDS 776, 174 586,203 The charitable company is entitled to exernption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026. The members h8ve not required the company to obtain an audit of its financi81 statements for the year ended 31 March 2026 in accordan￿ wth Section 476 01 the Cornpanies Act 2006. The trustees acknowledge their responsibilities for ensuring that the ¢h8ritable company keeps accounting records that comply wth Sections 388 and 387 01 the Companies Act 2006 and preparing financial staternents which give a tnje and fair view of the stste ol affairs of the charitable company as at the elld of each financial year and of its surplus or deficit for each financial year in accordance wth the requirements ol Sections 394 and 395 and which othenmse comply with the requirements of Cornpanies Act 2006 relating to financial statements, so lar as applicable to the charitable company. These financial statements have been prepa￿d in accordance wth the prowsions applicable to charrtable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on.... were si on its behalf by-. and 8 Lindsey- Trustee The notes on pages 8 to 18 fotm part of these financial staternents Page 7

Annexe Communities

Notes to the Financial Statements for the Year Ended 31 March 2026

1. GENERAL INFORMATION

Annexe Communities is a charitable company limited by guarantee, incorporated on 19th January 2001, and registered as a charity on 3rd April 1987. The company was established under a Memorandum of Association and has the registered address The Annexe, 9a Stewartville Street, Partick, G11 5PE.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:

The charity 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.

The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.

There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.

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

Tangible fixed assets are written off over their useful life on the straight line basis as follows:

Freehold Property -25 years Improvements to property -65 years Equipment -8% on cost Fixtures and Fittings -10% on cost Vehicles -10% on cost

Page 8

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

2. ACCOUNTING POLICIES - continued

Taxation

Annexe Communities is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Area Committee
Bank of Scotland
Scottish Government - Investing in Communities
Robertson Trust
Development Trusts Association Scotland
Let Partick Flourish
Virgin Money Foundation
Cycling UK
Scottish Land Fund Stage 1 Grant
Scottish Land Fund Stage 2 Grant
The Energy Saving Trust
FCC Communities
Itison
Hugh Fraser Foundation
Truemark Trust
Suez Fund
Gordon Fraser Charitable Trust		 2026
£
21,523
409,684
431,207
2026
£
10,315
-
96,732
12,000
-
24,483
-
-
-
248,500
1,154
-
-
3,100
2,500
8,000
2,900
409,684		 2025
£
20,006
263,976
283,982
2025
£
13,400
11,225
91,386
-
5,100
48,486
7,000
8,120
2,735
-
60,198
8,326
8,000
-
-
-
-
263,976

Page 9

continued...

Annexe Communities

Notes to the Financial Statements - continued
for the Year Ended 31 March 2026
4.
OTHER TRADING ACTIVITIES
2026
£
Provision of Services/Courses
2,500
Rent
26,672
Cafe
15,662
Research - GCU
5,565
50,399
5.
INVESTMENT INCOME
2026
£
Bank Interest
2,714
6.
OTHER INCOME
2026
£
Employment Allowance
10,500
7.
RAISING FUNDS
Other trading activities
2026
£
Purchases
3,376
Provision Services/Courses
18,084
21,460
8.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
Community and health based activities
280,678
2,711
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2026
£
Staff costs
189,332
Building costs
5,501
Caretaker Cover
4,043
Staff Training
355
Volunteer Training
645
Payroll Fees
1,890
Cleaning and Refuse
3,890
Electricity
3,445
Events Costs
2,037
Evaluation
-
Gas
-
Hospitality and Volunteer Expenses
3,296
Insurance
4,592
Carried forward
219,026		 2025
£
1,736
17,590
12,633
6,465
38,424
2025
£
2,775
2025
£
5,000
2025
£
2,888
16,511
19,399
Totals
£
283,389
2025
£
192,368
-
1,551
200
200
1,636
3,398
6,792
7,082
2,100
3,219
1,149
4,576
224,271

Page 10

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

9. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued

Brought forward
Internet, Network, Website
Marketing
Materials/Equipment
Minibus and Vehicle
Postages
Professional Fees
Rent
Repairs and Maintenance
Stationery
Subscriptions
Telephone
Travel
Tutors
Water
Sessional Staff
IT Support
Bikes
Survey costs
Depreciation		 2026
£
219,026
734
535
8,238
721
103
-
3,994
20,915
260
4,257
1,526
-
6,406
1,488
2,909
1,261
-
-
8,305
280,678		 2025
£
224,271
871
719
5,835
251
177
334
9,181
283
216
4,799
1,567
3
6,820
1,411
2,611
1,980
7,552
1,145
7,238
277,264

During the 2024-25, the charity installed air source heat pumps and removed the gas meter. As a result there are no gas costs in the 2025-26 year.

10. SUPPORT COSTS

SUPPORT COSTS
2026 2025
£ £
Preparation & Independent Examination of Accounts 2,160 2,160
Bank charges 551 367
2,711 2,527

11. NET INCOME/(EXPENDITURE)

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

2026 2025
£ £
Depreciation - owned assets 8,306 7,238

Page 11

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Office and Project Staff (Head Count)
No employees received emoluments in excess of £60,000.		 2026
£
160,133
17,183
12,016
189,332
2026
10		 2025
£
134,339
12,286
45,743
192,368
2025
10

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
13,437
270,545
Other trading activities
32,859
5,565
Investment income
2,775
-
Other income
5,000
-
Total
54,071
276,110
EXPENDITURE ON
Raising funds
2,888
16,511
Charitable activities
Community and health based activities
126,084
153,707
Total
128,972
170,218
NET INCOME/(EXPENDITURE)
(74,901)
105,892
Transfers between funds
109,864
(109,864)
Net movement in funds
34,963
(3,972)
RECONCILIATION OF FUNDS
Total funds brought forward
531,208
24,004
TOTAL FUNDS CARRIED FORWARD
566,171
20,032		 Total
funds
£
283,982
38,424
2,775
5,000
330,181
19,399
279,791
299,190
30,991
-
30,991
555,212
586,203

Page 12

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

15. TANGIBLE FIXED ASSETS

COST
At 1 April 2025
Additions
At 31 March 2026
DEPRECIATION
At 1 April 2025
Charge for year
At 31 March 2026
NET BOOK VALUE
At 31 March 2026
At 31 March 2025
COST
At 1 April 2025
Additions
At 31 March 2026
DEPRECIATION
At 1 April 2025
Charge for year
At 31 March 2026
NET BOOK VALUE
At 31 March 2026
At 31 March 2025
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
GCVS- Payroll Account
Prepayments		 Improvements
Office &
Freehold
to
Other
property
property
Equipment
£
£
£
-
475,855
75,998
260,000
-
2,497
260,000
475,855
78,495
-
121,638
70,876
-
7,321
102
-
128,959
70,978
260,000
346,896
7,517
-
354,217
5,122
Motor
Computer
vehicles
Equipment
Totals
£
£
£
5,805
40,300
597,958
-
-
262,497
5,805
40,300
860,455
4,794
37,956
235,264
581
302
8,306
5,375
38,258
243,570
430
2,042
616,885
1,011
2,344
362,694
2026
2025
£
£
220
369
24,643
17,225
1,157
1,268
26,020
18,862

Page 13

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Funds held on behalf of Knit & Natter group
Accrued expenses
Deferred Income		 2026
£
2,000
4,997
16,500
23,497		 2025
£
-
3,628
38,483
42,111

Deferred income comprises income received for projects which commenced in 2026/27 and to which Annexe was not entitled in the year.

At 1 April
Deferred in year
Released in year
At 31 March		 2026
£
38,483
16,500
(38,483)
16,500		 2025
£
47,950
38,483
(47,950)
38,483

Deferred income released in the year for projects carried out in 2025/26 was: Truemark Trust - £2,500 Robertson Trust - £6,000 Let Partick Flourish - £24,483 JTH Charitable trust - £500 WL Donation - £5,000

Deferred income held at year end for projects to be carried out in 2026/27 was: Robertson Trust- £6,000 GCVS- £10,500

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
616,885
-
Current assets
168,433
14,353
Current liabilities
(23,497)
-
761,821
14,353		 2026
Total
funds
£
616,885
182,786
(23,497)
776,174		 2025
Total
funds
£
362,694
265,620
(42,111)
586,203

Comparatives for analysis of net assets between funds

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
362,694
-
Current assets
245,588
20,032
Current liabilities
(42,111)
-
566,171
20,032		 2025
Total
funds
£
362,694
265,620
(42,111)
586,203		 2024
Total
funds
£
300,546
308,507
(53,841)
555,212

Page 14

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Fixed Assets
Cafe
Facilities
Development Fund
Redundancy Fund
Repairs Fund
Equipment Replacement Fund
Six Month Reserves Fund
Restricted funds
Area Committee
Donations
Investing in Communities
Robertson Trust
Let Partick Flourish
Project Donations
Scottish Land Fund Stage 2 Grant
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Fixed Assets
Cafe
Facilities
Development Fund
Redundancy Fund
Repairs Fund
Restricted funds
Area Committee
Donations
Investing in Communities
Robertson Trust
Let Partick Flourish
Project Donations
Scottish Land Fund Stage 2 Grant
CARES Grant
TOTAL FUNDS		 Net
Transfers
movement
between
At
At 1/4/25
in funds
funds
31/3/26
£
£
£
£
14,938
(41,603)
33,331
6,666
362,694
(8,305)
262,496
616,885
-
(8,309)
8,309
-
-
(19,737)
19,737
-
20,429
(5,501)
(9,500)
5,428
31,873
(4,031)
-
27,842
16,237
(6,237)
-
10,000
10,000
-
-
10,000
110,000
-
(25,000)
85,000
566,171
(93,723)
289,373
761,821
2,001
2,496
(4,497)
-
14,304
7,049
(8,000)
13,353
-
18,720
(18,720)
-
2,443
2,157
(3,600)
1,000
-
4,080
(4,080)
-
1,284
692
(1,976)
-
-
248,500
(248,500)
-
20,032
283,694
(289,373)
14,353
586,203
189,971
-
776,174
follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
23,738
(65,341)
(41,603)
-
(8,305)
(8,305)
19,662
(27,971)
(8,309)
40,072
(59,809)
(19,737)
-
(5,501)
(5,501)
-
(4,031)
(4,031)
-
(6,237)
(6,237)
83,472
(177,195)
(93,723)
10,315
(7,819)
2,496
7,399
(350)
7,049
96,732
(78,012)
18,720
12,000
(9,843)
2,157
24,483
(20,403)
4,080
10,765
(10,073)
692
248,500
-
248,500
1,154
(1,154)
-
411,348
(127,654)
283,694
494,820
(304,849)
189,971

Page 15

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed Assets
Cafe
Facilities
Development Fund
Redundancy Fund
Repairs Fund
Equipment Replacement Fund
Six Month Reserves Fund
Restricted funds
Area Committee
Donations
Investing in Communities
Robertson Trust
Let Partick Flourish
Project Donations
CARES Grant
FCC Communities
Itison
TOTAL FUNDS		 Net
movement
At 1/4/24
in funds
£
£
9,784
(36,504)
300,546
(7,238)
-
2,695
-
(33,854)
25,000
-
45,878
-
20,000
-
15,000
-
115,000
-
531,208
(74,901)
-
2,301
21,425
2,079
-
19,901
1,039
5,471
100
8,277
1,440
3,339
-
48,198
-
8,326
-
8,000
24,004
105,892
555,212
30,991		 Transfers
between
funds
£
41,658
69,386
(2,695)
33,854
(4,571)
(14,005)
(3,763)
(5,000)
(5,000)
109,864
(300)
(9,200)
(19,901)
(4,067)
(8,377)
(3,495)
(48,198)
(8,326)
(8,000)
(109,864)
-		 At
31/3/25
£
14,938
362,694
-
-
20,429
31,873
16,237
10,000
110,000
566,171
2,001
14,304
-
2,443
-
1,284
-
-
-
20,032
586,203

Page 16

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

19. MOVEMENT IN FUNDS - continued

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


Unrestricted funds
General fund
Fixed Assets
Cafe
Facilities
Restricted funds
Area Committee
Donations
Bank of Scotland
Investing in Communities
Robertson Trust
Virgin Money Foundation
Let Partick Flourish
Project Donations
Scottish Land Fund Stage 1 Grant
CARES Grant
FCC Communities
Itison
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
17,012
(53,516)
(36,504)
-
(7,238)
(7,238)
17,733
(15,038)
2,695
19,326
(53,180)
(33,854)
54,071
(128,972)
(74,901)
13,400
(11,099)
2,301
2,806
(727)
2,079
11,225
(11,225)
-
91,386
(71,485)
19,901
12,000
(6,529)
5,471
7,000
(7,000)
-
48,486
(40,209)
8,277
22,548
(19,209)
3,339
2,735
(2,735)
-
48,198
-
48,198
8,326
-
8,326
8,000
-
8,000
276,110
(170,218)
105,892
330,181
(299,190)
30,991

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.

21. UNRESTRICTED FUNDS

General Funds - The unrestricted, free reserves of the Charity

Fixed Assets - Represents the net book value of the Charity's tangible fixed assets

Café - Income and expenditure associated with the Café

Facilities - Fund for the reinvestment in the building and its facilities

Development Fund- For strategic purposes including future business growth

Redundancy - For redundancy costs in the event of closure or cessation of projects

Repairs - A fund established for future repairs and maintenance costs

Equipment Replacement - A fund established for future upgrading and replacement of equipment

Enterprise Development Fund - A fund to develop community enterprise approaches to generate income for our charity by delivering health and wellbeing activities to wider private and public sector

Six Month Reserves - Funds held for future costs in the event of unexpected or emergency situations

Page 17

continued...

Annexe Communities

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

22. RESTRICTED FUNDS

Area Committee - Funding for the purchase of equipment and short term services.

Donations- is a new initiative to involve local people in raising funds towards the cost of delivering health and wellbeing activities for the vulnerable beneficiaries, including fundraising events and individual donations.

Investing in Communities Fund - To extend capacity and capability to support the most vulnerable and isolated people in the community.

Robertson Trust - Funds towards the cost of the volunteer capacity worker salary.

Let Partick Flourish - Year 2 of 2 years project to identify opportunities and support new group development in Partick. Bank of Scotland Foundation - Year 2 of 2 years grant, to cover 50% cost of cook’s salary.

Virgin Money Foundation - Year 3 of a 3 year core grant.

CARES Grant - To contribute towards the cost of renewable energy installations.

FCC Communities - To contribute towards the cost of renewable energy installations.

Itison - To contribute towards the cost of renewable energy installations.

Scottish Land Fund Stage 1 Grant - To cover the valuation cost of building surveys.

Scottish Land Fund Stage 2 Grant – To cover 95% of the cost of purchasing the building.

Page 18