**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|<br>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: 

- Address issues of disadvantage, poverty, and inequality. 

- Improve access to health improvement opportunities. 

- Use community development approaches to enhance life chances in the local area. 

Our current business plan prioritises: 

- Supporting the general community to identify needs and shape local activity. 

- Reconnecting socially isolated individuals with their community through inclusive activity. 

- Empowering volunteers to improve their lives and communities. 

- Supporting individuals with poor mental or physical health to improve their wellbeing. 

- Helping families overcome disadvantage and influence decisions affecting their lives. 

- Where aligned with our objectives, we are informed by both local and national policy. 

## **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: 

- Continuation of the social prescribing programme with new Scottish Government funding. 

- Participatory budgeting through the Partick & Thornwood Ideas Fund. 

- ‘Let Partick Flourish’, funded by the National Lottery Community Fund, tackling local issues including cost-of-living. 

- ‘Onwards & Upwards’, supported by the Robertson Trust, providing volunteer training. 

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: 

- £5,428 for charity development 

- £27,842 for statutory redundancy liabilities 

- £10,000 for building repairs 

- £10,000 for equipment replacement 

- £85,000 for six months of core operating costs 

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: 

- Select appropriate accounting policies and apply them consistently. 

- Make reasonable and prudent estimates. 

- Prepare the accounts on a going concern basis, unless inappropriate. 

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 : 

- (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. 

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**<br>**Restricted**<br>**funds**<br>**funds**<br>**Notes**<br>**£**<br>**£**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>3<br>25,424<br>405,783<br>Other trading activities<br>4<br>44,834<br>5,565<br>Investment income<br>5<br>2,714<br>-<br>Other income<br>6<br>10,500<br>-<br>**Total**<br>83,472<br>411,348<br>**EXPENDITURE ON**<br>Raising funds<br>7<br>3,376<br>18,084<br>**Charitable activities**<br>8<br>Community and health based activities<br>173,819<br>109,570<br>**Total**<br>177,195<br>127,654<br>**NET INCOME/(EXPENDITURE)**<br>(93,723)<br>283,694<br>**Transfers between funds**<br>19<br>289,373<br>(289,373)<br>**Net movement in funds**<br>195,650<br>(5,679)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>566,171<br>20,032<br>**TOTAL FUNDS CARRIED FORWARD**<br>761,821<br>14,353|**2026**<br>**Total**<br>**funds**<br>**£**<br>431,207<br>50,399<br>2,714<br>10,500<br>494,820<br>21,460<br>283,389<br>304,849<br>189,971<br>-<br>189,971<br>586,203<br>776,174|**2025**<br>**Total**<br>**funds**<br>**£**<br>283,982<br>38,424<br>2,775<br>5,000<br>330,181<br>19,399<br>279,791<br>299,190<br>30,991<br>-<br>30,991<br>555,212<br>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 Charities and Trustee Investment (Scotland) Act 2005; 

- Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006; - the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities; 

- '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, published in October 2019 (FRS 102)' ("the Charities SORP"); - UK Generally Accepted Accounting Practice; and 

- the historical cost convention. 

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



Page 9 

continued... 



## **Annexe Communities** 

|**Notes to the Financial Statements - continued**<br>**for the Year Ended 31 March 2026**<br>**4.**<br>**OTHER TRADING ACTIVITIES**<br>**2026**<br>**£**<br>Provision of Services/Courses<br>2,500<br>Rent<br>26,672<br>Cafe<br>15,662<br>Research - GCU<br>5,565<br>50,399<br>**5.**<br>**INVESTMENT INCOME**<br>**2026**<br>**£**<br>Bank Interest<br>2,714<br>**6.**<br>**OTHER INCOME**<br>**2026**<br>**£**<br>Employment Allowance<br>10,500<br>**7.**<br>**RAISING FUNDS**<br>**Other trading activities**<br>**2026**<br>**£**<br>Purchases<br>3,376<br>Provision Services/Courses<br>18,084<br>21,460<br>**8.**<br>**CHARITABLE ACTIVITIES COSTS**<br>**Direct**<br>**Support**<br>**Costs (see**<br>**costs (see**<br>**note 9)**<br>**note 10)**<br>**£**<br>**£**<br>Community and health based activities<br>280,678<br>2,711<br>**9.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>**2026**<br>**£**<br>Staff costs<br>189,332<br>Building costs<br>5,501<br>Caretaker Cover<br>4,043<br>Staff Training<br>355<br>Volunteer Training<br>645<br>Payroll Fees<br>1,890<br>Cleaning and Refuse<br>3,890<br>Electricity<br>3,445<br>Events Costs<br>2,037<br>Evaluation<br>-<br>Gas<br>-<br>Hospitality and Volunteer Expenses<br>3,296<br>Insurance<br>4,592<br>Carried forward<br>219,026|**2025**<br>**£**<br>1,736<br>17,590<br>12,633<br>6,465<br>38,424<br>**2025**<br>**£**<br>2,775<br>**2025**<br>**£**<br>5,000<br>**2025**<br>**£**<br>2,888<br>16,511<br>19,399<br>**Totals**<br>**£**<br>283,389<br>**2025**<br>**£**<br>192,368<br>-<br>1,551<br>200<br>200<br>1,636<br>3,398<br>6,792<br>7,082<br>2,100<br>3,219<br>1,149<br>4,576<br>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<br>Internet, Network, Website<br>Marketing<br>Materials/Equipment<br>Minibus and Vehicle<br>Postages<br>Professional Fees<br>Rent<br>Repairs and Maintenance<br>Stationery<br>Subscriptions<br>Telephone<br>Travel<br>Tutors<br>Water<br>Sessional Staff<br>IT Support<br>Bikes<br>Survey costs<br>Depreciation|**2026**<br>**£**<br>219,026<br>734<br>535<br>8,238<br>721<br>103<br>-<br>3,994<br>20,915<br>260<br>4,257<br>1,526<br>-<br>6,406<br>1,488<br>2,909<br>1,261<br>-<br>-<br>8,305<br>280,678|**2025**<br>**£**<br>224,271<br>871<br>719<br>5,835<br>251<br>177<br>334<br>9,181<br>283<br>216<br>4,799<br>1,567<br>3<br>6,820<br>1,411<br>2,611<br>1,980<br>7,552<br>1,145<br>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<br>Social security costs<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Office and Project Staff (Head Count)<br>No employees received emoluments in excess of £60,000.||**2026**<br>**£**<br>160,133<br>17,183<br>12,016<br>189,332<br>**2026**<br>10||**2025**<br>**£**<br>134,339<br>12,286<br>45,743|
|---|---|---|---|---|
|||||192,368|
|||||**2025**<br>10|



## **14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>13,437<br>270,545<br>Other trading activities<br>32,859<br>5,565<br>Investment income<br>2,775<br>-<br>Other income<br>5,000<br>-<br>**Total**<br>54,071<br>276,110<br>**EXPENDITURE ON**<br>Raising funds<br>2,888<br>16,511<br>**Charitable activities**<br>Community and health based activities<br>126,084<br>153,707<br>**Total**<br>128,972<br>170,218<br>**NET INCOME/(EXPENDITURE)**<br>(74,901)<br>105,892<br>**Transfers between funds**<br>109,864<br>(109,864)<br>**Net movement in funds**<br>34,963<br>(3,972)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>531,208<br>24,004<br>**TOTAL FUNDS CARRIED FORWARD**<br>566,171<br>20,032|**Total**<br>**funds**<br>**£**<br>283,982<br>38,424<br>2,775<br>5,000<br>330,181<br>19,399<br>279,791<br>299,190<br>30,991<br>-<br>30,991<br>555,212<br>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**<br>At 1 April 2025<br>Additions<br>At 31 March 2026<br>**DEPRECIATION**<br>At 1 April 2025<br>Charge for year<br>At 31 March 2026<br>**NET BOOK VALUE**<br>At 31 March 2026<br>At 31 March 2025<br>**COST**<br>At 1 April 2025<br>Additions<br>At 31 March 2026<br>**DEPRECIATION**<br>At 1 April 2025<br>Charge for year<br>At 31 March 2026<br>**NET BOOK VALUE**<br>At 31 March 2026<br>At 31 March 2025<br>**16.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>GCVS- Payroll Account<br>Prepayments|**Improvements**<br>**Office &**<br>**Freehold**<br>**to**<br>**Other**<br>**property**<br>**property**<br>**Equipment**<br>**£**<br>**£**<br>**£**<br>-<br>475,855<br>75,998<br>260,000<br>-<br>2,497<br>260,000<br>475,855<br>78,495<br>-<br>121,638<br>70,876<br>-<br>7,321<br>102<br>-<br>128,959<br>70,978<br>260,000<br>346,896<br>7,517<br>-<br>354,217<br>5,122<br>**Motor**<br>**Computer**<br>**vehicles**<br>**Equipment**<br>**Totals**<br>**£**<br>**£**<br>**£**<br>5,805<br>40,300<br>597,958<br>-<br>-<br>262,497<br>5,805<br>40,300<br>860,455<br>4,794<br>37,956<br>235,264<br>581<br>302<br>8,306<br>5,375<br>38,258<br>243,570<br>430<br>2,042<br>616,885<br>1,011<br>2,344<br>362,694<br>**2026**<br>**2025**<br>**£**<br>**£**<br>220<br>369<br>24,643<br>17,225<br>1,157<br>1,268<br>26,020<br>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<br>Accrued expenses<br>Deferred Income|**2026**<br>**£**<br>2,000<br>4,997<br>16,500<br>23,497|**2025**<br>**£**<br>-<br>3,628<br>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<br>Deferred in year<br>Released in year<br>At 31 March|**2026**<br>**£**<br>38,483<br>16,500<br>(38,483) <br>16,500|**2025**<br>**£**<br>47,950<br>38,483<br>(47,950)<br>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**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>Fixed assets<br>616,885<br>-<br>Current assets<br>168,433<br>14,353<br>Current liabilities<br>(23,497)<br>-<br>761,821<br>14,353|**2026**<br>**Total**<br>**funds**<br>**£**<br>616,885<br>182,786<br>(23,497)<br>776,174|**2025**<br>**Total**<br>**funds**<br>**£**<br>362,694<br>265,620<br>(42,111)<br>586,203|
|---|---|---|



## **Comparatives for analysis of net assets between funds** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>Fixed assets<br>362,694<br>-<br>Current assets<br>245,588<br>20,032<br>Current liabilities<br>(42,111)<br>-<br>566,171<br>20,032|**2025**<br>**Total**<br>**funds**<br>**£**<br>362,694<br>265,620<br>(42,111)<br>586,203|**2024**<br>**Total**<br>**funds**<br>**£**<br>300,546<br>308,507<br>(53,841)<br>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**<br>General fund<br>Fixed Assets<br>Cafe<br>Facilities<br>Development Fund<br>Redundancy Fund<br>Repairs Fund<br>Equipment Replacement Fund<br>Six Month Reserves Fund<br>**Restricted funds**<br>Area Committee<br>Donations<br>Investing in Communities<br>Robertson Trust<br>Let Partick Flourish<br>Project Donations<br>Scottish Land Fund Stage 2 Grant<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as<br>**Unrestricted funds**<br>General fund<br>Fixed Assets<br>Cafe<br>Facilities<br>Development Fund<br>Redundancy Fund<br>Repairs Fund<br>**Restricted funds**<br>Area Committee<br>Donations<br>Investing in Communities<br>Robertson Trust<br>Let Partick Flourish<br>Project Donations<br>Scottish Land Fund Stage 2 Grant<br>CARES Grant<br>**TOTAL FUNDS**|**Net**<br>**Transfers**<br>**movement**<br>**between**<br>**At**<br>**At 1/4/25**<br>**in funds**<br>**funds**<br>**31/3/26**<br>**£**<br>**£**<br>**£**<br>**£**<br>14,938<br>(41,603)<br>33,331<br>6,666<br>362,694<br>(8,305)<br>262,496<br>616,885<br>-<br>(8,309)<br>8,309<br>-<br>-<br>(19,737)<br>19,737<br>-<br>20,429<br>(5,501)<br>(9,500)<br>5,428<br>31,873<br>(4,031)<br>-<br>27,842<br>16,237<br>(6,237)<br>-<br>10,000<br>10,000<br>-<br>-<br>10,000<br>110,000<br>-<br>(25,000)<br>85,000<br>566,171<br>(93,723)<br>289,373<br>761,821<br>2,001<br>2,496<br>(4,497)<br>-<br>14,304<br>7,049<br>(8,000)<br>13,353<br>-<br>18,720<br>(18,720)<br>-<br>2,443<br>2,157<br>(3,600)<br>1,000<br>-<br>4,080<br>(4,080)<br>-<br>1,284<br>692<br>(1,976)<br>-<br>-<br>248,500<br>(248,500)<br>-<br>20,032<br>283,694<br>(289,373)<br>14,353<br>586,203<br>189,971<br>-<br>776,174<br>follows:<br>**Incoming**<br>**Resources**<br>**Movement**<br>**resources**<br>**expended**<br>**in funds**<br>**£**<br>**£**<br>**£**<br>23,738<br>(65,341)<br>(41,603)<br>-<br>(8,305)<br>(8,305)<br>19,662<br>(27,971)<br>(8,309)<br>40,072<br>(59,809)<br>(19,737)<br>-<br>(5,501)<br>(5,501)<br>-<br>(4,031)<br>(4,031)<br>-<br>(6,237)<br>(6,237)<br>83,472<br>(177,195)<br>(93,723)<br>10,315<br>(7,819)<br>2,496<br>7,399<br>(350)<br>7,049<br>96,732<br>(78,012)<br>18,720<br>12,000<br>(9,843)<br>2,157<br>24,483<br>(20,403)<br>4,080<br>10,765<br>(10,073)<br>692<br>248,500<br>-<br>248,500<br>1,154<br>(1,154)<br>-<br>411,348<br>(127,654)<br>283,694<br>494,820<br>(304,849)<br>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**<br>General fund<br>Fixed Assets<br>Cafe<br>Facilities<br>Development Fund<br>Redundancy Fund<br>Repairs Fund<br>Equipment Replacement Fund<br>Six Month Reserves Fund<br>**Restricted funds**<br>Area Committee<br>Donations<br>Investing in Communities<br>Robertson Trust<br>Let Partick Flourish<br>Project Donations<br>CARES Grant<br>FCC Communities<br>Itison<br>**TOTAL FUNDS**|**Net**<br>**movement**<br>**At 1/4/24**<br>**in funds**<br>**£**<br>**£**<br>9,784<br>(36,504)<br>300,546<br>(7,238)<br>-<br>2,695<br>-<br>(33,854)<br>25,000<br>-<br>45,878<br>-<br>20,000<br>-<br>15,000<br>-<br>115,000<br>-<br>531,208<br>(74,901)<br>-<br>2,301<br>21,425<br>2,079<br>-<br>19,901<br>1,039<br>5,471<br>100<br>8,277<br>1,440<br>3,339<br>-<br>48,198<br>-<br>8,326<br>-<br>8,000<br>24,004<br>105,892<br>555,212<br>30,991|**Transfers**<br>**between**<br>**funds**<br>**£**<br>41,658<br>69,386<br>(2,695)<br>33,854<br>(4,571)<br>(14,005)<br>(3,763)<br>(5,000)<br>(5,000)<br>109,864<br>(300)<br>(9,200)<br>(19,901)<br>(4,067)<br>(8,377)<br>(3,495)<br>(48,198)<br>(8,326)<br>(8,000)<br>(109,864)<br>-|**At**<br>**31/3/25**<br>**£**<br>14,938<br>362,694<br>-<br>-<br>20,429<br>31,873<br>16,237<br>10,000<br>110,000<br>566,171<br>2,001<br>14,304<br>-<br>2,443<br>-<br>1,284<br>-<br>-<br>-<br>20,032<br>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: 

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