Charity règistratlon numbèr SC002818 Iseotlandl Company reglstratlon number SC026442 PANTHEON CLUB (GLASGOW) LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ALEXANDEII SLOAN TC Group Business Advisors & Accountant5 180 St Vincent Street Glasgow G2 5SG
PANTHEON CLUB (GLASGOW) LTD LEGAL AND ADMINISTRATIVE INFORMATION Dlrèetors Paul Allord Gillian Freshney David Robertson David Cooke Megan Brechin Elain8 Campb811 Melanie Taykjr Donna Walton George Paterson ison Steel (Appointed 20 Juty 20251 (Appointed 20 Juty 20251 Secrotary David Robertson Treasurer David Robertson Charlty number Iscotlandl SC2818 Company numb•r SC026442 Prlnelpal offle• and Reglstered offlce 268 Bath Street Glasgow G2 4JR Ind•p•nd•nt •xomln•r Philip Morri¢*. FCCA Business Advisors & Accountants TC Group Glasgow G2 5SG Bankers Bank of Scoiland Annieslan¢J Branch 836 Crow Road Glasgow G13 1ET
PANTHEON CLUB (GLASGOW) LTD CONTENTS Pagè Directors, report Independent examiners report Statement of financial activities B81an¢e sheet Notes lo the financial stslem*nl$ 6-12
PANTHEON CLUB (GLASGOW) LTD DIRECTORS. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Directors present their annual report and financial slalements for the year ended 30 June 2025. The financi81 slalernents have been prepared in 8rdan ¥1h the accountsng poliryes set out in note 1 to the rinancial staternents and Comp with the tharrty's goveming do¢AJment. the Companie5 Act 2006 the Charrties and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Isctsuandl Regulations 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republ ol Ireland" and the Charities SORP 'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing the accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" ObJectlve8 and ocUv1t The principal activity of the company is the production of Dramat and MusKal entertainment. Achlevements and perfomian During the second hall 012024 we worked on our production ol Rock of Ages which was staged In The King's Theatre. Glasgow in October. In January 2025 we staged Annie Ihe musical in The King's Theatre. Glasgow. We then began working on our production of Shrek The Musical which wll be staged in our next financial year. M?mberBhlp numbor¥ The mernbership of the company is a8 follows.. 2025 2024 Subs¢ribing Voting members Sub$¢ribing Non-voling members Honorary Voting Momber$ 48 Flnanclal r•vl•w The Sl8temenl of Financial Activities shows net expenijilure i.e. a Surplus ltsr the year of £53.18512024- Surplus £89,991). Atotal of £349,944 was retained In accumulaled lunds at the year end12024- £296,759). R•8•rv•s Pollcy It is the policy of the chanty to maintain UnsICted funds. which are the free See$ of the charity, at a level to provide sufficAen( funds to cover management, administration and support wsts. Rl¥k Management Thè Directors have assessed the m8jor risks tr) which Ihè charity is exposed. in particular thosè rèlatèd to thè oper8tions and ffinances of the charrty, and are satisffied that systems arè in place to mitigate our exposure to major risks. Structure, governance and management The organisation is a charttable company limtted by guarantee. the company was established under ts Memorandum of Association which established the objecis and powers ol the charrtable company and is govemed under its Articles of Assoaalion. The appoinlment of D1CtorS is govemed by Articles of Association.
PANTHEON CLUB (GLASGOW) LTD DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The Directors who served during the year and up to the date of signature of the financial statements were.. Paul Alford Gillian Freshney David Robertson David Cooke Megan Brechin Elaine Catnpbell Melanie Taylor Donna Walton George Paterson Alison Steel (Appointed 20 Juty 20251 (Appnted 20 Juty 20251 Directors are norninated and elecled by Club members. If Direciors are COllOPted during the year the appointments are ratffied al the next Annual General Meeting. Ind•pèndènt •xamln•r The Directors recornmend that Philip Mon1 F.C.C.A.. a partner in TC Group Limited, Business Advisors and Accountants. remains in office as independent examiner until further nolich. The Directors. report was approved by Ihe Board of DirectOTS. Davld Robertson Director Dal¢d". 211212025
PANTHEON CLUB (GLASGOW) LTD INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF PANTHEON CLUB IGLASGOW} LTD I report on the financial statements of the tharTty for the year ended 30 June 2025, which are set out on pages 4 to 12. Resp8Ctive responsibilit185 ol Dir8Ctor5 and examiner The charity Trustees Iwho a also the Directors of Pantheon Club IGlasgowl Lld for the purposes of company lawl are responsible for the preparation of the financial ststements in accordance wrth the lems of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Account5 Iscovandl Regul8¢ions 20C6.The charity Director5 consider that the audrt requiremènt ol RUlatIOn 1011lla14cl of the Chanties Accounts Iscotlandl Règulations 2006 does not apply. It is my responsibility to examine the financial statements as required under seclM)n 4411 Ilcl of the Charrties and Trustee Investmenl (Scotlandl Act 2005 and to state whether particular matters have ujme to my attention. Ba818 of Ind¥p¥ndenl exarnlnerfs ststement My examination is carried out in accordance wlh Regulation 11 of the Charities Accovnts (Scotlandl Regulats'ons 2006. An exarnination includes a review ol the accounting records kept by the charity and a compariscn of the financial statements presented wth those coldS.11 also include5 consideration ol any unusual items or disclosuS in the financial statements. and seeking explanation5 from the trustees conceming any such matters. The procedures undertaken do nol provide 811 the evidence th81 would be quired in 8n audit and Consequently I do not èxprèss an audit opinion on thè vièw given by the financial statemént$. Ind•p•nd•nt •xamIn•# stat•m•nt In the course of my examination. no malter has come lo my 8ttenb.on 1. whlch giv•$ m8 r8asonab18 caus• to beliève that in any material respect Ihe requlrements.. to keep accounting records in accordance wrth Section 4411llal of Ihe Charities and Trustee Investrnent (Scotlandl Act 2005 and Regulaljon 4 01 the Charities Accounls (Scotlandl Regulations 2006. and to prepare financial statements which accord wilh Ihe accounbng rA]rdS and cornpty with Regulation 8 of the Charrties Accounts (Scotlandl Regulalions 2006 have not been met, or 2. to which, in my opinion. attention shouhj be drawn in order to enable a proper understanding of the finandal statements to be reached. Phlllp Morrlce, FCCA Partnèr TC Group Business Advisors & Accountants 180 St Vincent Street Glasgow G2 5SG Dale.. 211212025
PANTHEON CLUB (GLASGOW) LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 untricted funds 2025 Unrestricted funds 2024 Notes Income and endovrnents from: Donations and legacies Ch8ril8ble activities Investments Other incomo 3,610 290.904 836 79,182 2,920 283.683 977 49,001 Total Ineomè 374,532 336,581 Exp•ndlture on.. Charitsble activities 321,347 246,590 Total •xpèndltur• 321,347 246,590 Net Ineomè and mov•m•nt In fund• 53,185 89,991 Reconclllatlon ol funds: Fund balan¢e$ al 1 July 2024 296,759 206,768 Fund balanc•8 at 30 Jun• 2025 349,944 296,759 The statement of financial activiti&$ includes a198in$ and losse$ recognised in Ihe year. All income and expenditure derlve from continuing activities. The notes on pages 6 to 12 forni an integral part of these financial statements.
PANTHEON CLUB (GLASGOW) LTD BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Notès Fixed assets Tangible assets 12 17.202 17,503 Current assets Debtois Cash at bank and in hand 13 82.775 264.807 44,133 248.423 347.582 292.556 Credltor8'. amounts falllng due vAthln one year 14 114.8401 113.3001 Net current assets 332.742 279.256 To¢al a¥Jet• le¥s curr•nt Ilabllllle• 349.944 296,759 The lund¥ ol the charlty Unrestricted funds 16 349,944 296,759 349.944 296,759 The company 1$ ¥ntitled to the ¥xèmption from the audrt roquirem&nt ¢onlain8tl in $&¢tion 477 of ¢h& Compgnies A¢t 2008, for the year ended 30 June 2025. The directors acknowledge their responsibililies for comptying the wuirements of the Cornpanies Act 2006 with respect to accounting records and Ihe preparation of finanrial statements. Thtr mernbers have not required the Company lo obtsin an audit of rts financial stalements for the year in gue$lion in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicabk to companies subject to the small companies regime. 211212025 The financial statement5 were approved by the Oirectrys on . Davld Rob•rt8on Director Company regislr81ion number SC026442 (Scollandl
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies Charity inforrnation Pantheon Club (Glasgowl Ltd is a charrtable company limited by guarantee and Incorporated in Scotknd. The gistered Offi address and princjpal place of business is 268 Bath Street. Glasgow. G2 4JR. 1.1 Accounting convention The financial statements are prepared under the historical cost convenb.on with items recognised at cost or transaction value unless othewse slated in Ihe relevant Noles lo these financial statements. The financial staternenls have been prepared in accordan with Ihe Statement of Recommended Practice.. Accounting and Reporb'ng by Charities preparing Iheir Accounts in accord8nce wrth Financial Reporting St8nd8rd 102 leffective January 20191, the Charitses and Trustee Inveslment Iscodandl Act 2005, the Charitie5 Accounts Iscollandl Regulations 2006 las amended) and the Companies Act 201%. The principle accounting polies adopte¢J In thg preparation of thè ffinanoal slatèments arè sd out bebw. The chanty meets the definrtion of a public benefft entty under FRS 102. The fin8ncial ststements are prepared in steding. whth is Ihe functional currency of the ch8rty. Monetary amounts in these fin8n¢ial s18ltrmenls a rounded lo the ntr8rest £. 1.2 Golng eonc•m At the time of approving the finanryal ststements, the Directors have a reasonable expectation that the charity h83 adequ8le resources to continue in operational existence lor Ihe foreseeable ftjture. Thus the Directors continue lo adopt the 90ing nCM b88is of ac¢ounbng in preparing the finanual $18lements. 1.3 Chadtable fundi Unrestricted funds are available for use at the discrelion of the D1CtorS in furtherance ol their charrtable objectives. Restdct8d funds 8r• subfrect to specthc cont1itions by donors or grantofs as to how théy may be used. Th8 purposes and uses of the restricied lunds are set out in the notes to the finanaal statements. 1.4 Ineom• Oonatlons Cash donation5 are recognised on receipl. Other donalions are recogni5ed once the charty h85 been notified ol the donation. unle55 performance condrtion5 require deferral of the 8mount. Income lax recoverable in rèlation to donation$ ieceNed undèr GfftA 01 deeds ol covenant is récOgnis at Ihtr ts.me ofthe donatitsn. Deferred incorne Grant incorne is deferred where the gr8nl 1$ subjed to perforTn8ncfrrel8ted condition$ and 1$ received in advance of delivenng services required. Vvhere grant income is deferred it Is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reportirrfJ period in which the perforniance relaled condrfions thal limil recognition are mel. Incom• Irom eharftsbl• actlvltl•8 Income from charitable activitses indudes income eamed both from supply of goods or services under contractual arrangements and from perfomianctrrelated grants which have condrtions that speafy the provision of particular goods or services lo be provided by Ihe charity. Income frorn charitable actwities is recognised as earned las the related goods or services are prowdedl. Productlon incomè Production income indudes ticket sales for producbons, membership fees and sponsorship received, and is recognised in the period which the charity is entitled to receipt and the arnount can be measured wth reasonable certainty.
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 A¢coun¢ing policies (Continuedl 1.5 Expendlture Expenditure 15 recognised once there 15 a legal or con5truclive obligation to transfer eornI¢ benefit to 8 third party, it 15 probabl8 that a transfer of ewnomiG benefits will be required in settlernent, and the arnounl of the obligation can be measured reliably. Expenditu is dassified by activty. The cosls ol each activty are made up of the total of dIrt costs and shad costs. including support costs involved in undertaking each activity. Direct costs 8ttn'bUtae to a single activity are allocated directty to that activity. Shared costs which contribute to more than one activity and support cost5 which are not attributable to a single activty are apptsrtioned bèlween those activities on 8 basis consistent wrth the use of resources. Central staff costs are allo¢aled on the basis of time spent, and depreciation charges are allocated on the portion of the assèfs usè. Rollng Fund8 Expenditure on raising funds indudes all expenditure incurred by a charity to raise fijnds for its charttable purposes. It includes the costs of all fundraising activrties and events together with those costs incurred in seeking donations, grants and legacAes and investment management costs. Exp•ndlturè from eharltsbl• actlvltl•8 Expenditure on charitable activrties indu¢Jes all costs incurred by the charity In un(Jertaking activities that further its charitable airns for the benefit of rts beneficiaries. induding those support costs and costs relating to the governance ol the charity apporlioned to chantable activities. The costs of charitable activities presented in the Statement ol Financial Activitse5 indudes the costs of both direct seniice PTOV15ion and the payments ol grant aw8rds il appli¢8ble. Governance costs Governance costs Iwhich are includecl a5 a component of 511PPOrt costs in accordance wth SORPI comwise all costs involving the public a¢¢oun18bility of Ihe ¢h8rty and its ¢ompli8n¢e with regulation and good practice. Thèse costs include thos8 rÉlatÈd to Constitutional and statuttsry rèquirem?nts, ext8rnal s¢wliny laudil or indgp8nd$nt gxaminationl, strategi¢ managom¢nt, and oth¢r Ial and wof¢$$ional l¥e$. A¢tlvlty basèd r•portlng To Comp lully with the Statèm&nl of Rgcomm8nd¢d Pro¢tKe would roquire in¢omo an¢J èxpèndituro lo bo reported by activity. The Trustees are of Ihe opinion that the activrties of the charty are inter-linked, therefore this would be impractical to calculate and would provide no addrtional benefit to the users of these financial staternenls. Therefo no further anatysis of income and expenditure is provided wrthin these financial staternenls. 1.6 Tangiblè fixed a#set8 Tangible fixed assets are inttiaty measured at crjst and subsequenuy measured at Cost or valuation. net ol depreciation and any impairmenl losses. Deprecjatron is recognised so as to vnile off the cost or valuation of assets less iheir re5Ual values over (heir useful lives on the following bases.. Freehold land and building Plant and equipment No depwatKJn charged 20% duang b818ncè No depreciation has been provided on dub prefflises. a5 in the opinion of the directors the cost of repairs and maintenance 15 a pioper relctK)n of the use made of this asset.
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 A¢coun¢ing policies (Continuedl 1.7 Cash and cash equlvalents Cash and ¢8sh equwalents indude rash in hand. deposits held at call wtth banks, other short-term liquid inve5trnents wth original maturitie5 01 three months gr less, and bank overdrafts. Bank overdrafts ale shown wbthin borrowings in eJJrrent liabilrties. 1.8 Flnanclal Instruments The charity ha5 elected to appty the provisions of Sedion 11 'BasiG Financial Insttumenl$' and Section 12 'Other Finanaal InstNments Issues, of FRS 102 to all of its finanaal instwmenls. Financial instruments are recognised in the charity's balance sheet vthen the charity becomes party to the contractual provisions of the instrument. Flnancial assets and liabilities are off$81, vthh Ihe net amounts prtrsenled Mi th8 financial stslemernts, when there is a legally enforceable right lo off the rÈcognised amounts and there 1$ an inl&nlion to setue on a net basi$ or to realise the asset and setlle the liabilty simultaneousty. crttScal accoUnn9 estlmates and judgements In preparing the financial statements. the Trustees are required to make estimate5 and a5surnptions which affect reported income. expenses. assets. and liabilrties. Use of available information and application of judgement are inherent in the fO8110n of estimates. together with past experience and expectations of future vents that are believed lo be re•sonable under the ¢inim$lan¢•$. A¢tu•l re$ulls in tho fvluro coul¢J differ from such estimates. Incom• from donatlons and l•gacl•8 UnreBtrfcted funds 2025 Unrnstrlcted fund• 2024 Membership fees 3,610 2.920 Income from charftabl• actlvwes 2025 2024 Production income 290.904 283.683
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Income from investments Unrejtricted Unrejtricted funds funds 2025 2024 Interest receivable 836 977 Other Income Unre8trl¢ted Unreslricled funds funds g•neral general 202S 2024 Olhef income- ¢orpofation tax repayable Insurance claims 79,182 34,837 14,164 79,182 49,001 Expendllur• on charflable actlvltl•* 2025 2024 Dlrect ¢oBts Depreciation and irnpaimient Proj¥¢t and 8Ctivrties ¢o$l$ Prernise5 Costs Running costs Interest and finance charges Governance costs 301 308,305 3,385 399 3,634 5,323 376 219,331 23,726 383 32 2,742 321,347 246,590 Analysls by fund Unrestncted funds 321,347 246,590 Dirg¢tor¥ None of the Directors lor any persons connecied with Ihem) received any remuneration or benefits ftDm the charity during the year.
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Net incomellexpenditurel for the year 2025 2024 Operating for the year is stated after charging.. Fee5 P8y8ble for independent examination of accounts Depreciation of owned tangible fixed assets 5,323 301 2.742 376 10 Employo9$ There were no employees during the year. 11 Taxatlon The chanty is exempt from tsxation on ils acthvrties because all its incorne is applied for charitsble purposes. 12 Tanglbl? Ilx?d ••Jet• FM•hold b•rd hd bulldlng Pnt •nd •qulpmofit Total Ct Al 1 Juty 2024 16,000 22,978 38,978 At 30 June 202S 16.000 22,978 38,978 D•pr¥¢lotlon ¥nd Impolm•nt At 1 Juty 2024 DeprecAabon charged in the year 21,475 301 21,475 301 At 30 June 2025 21.776 21,776 Carrylng amount At 30 June 2025 16.000 1,202 17,202 At 30 June 2024 16.000 1.503 17,503 13 D•btor• 2025 2024 Amounts falling due within one y#ar= Trade debtors Corp018tion tax recoverable Prepayments and accrued income 2,724 34,837 6,572 79,182 3,593 82,775 44.133 10-
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 14 Creditors.. amounts falling due within one year 2025 2024 other creditors Accruals and deferred income 9.245 4,055 14.840 14.840 13.300 15 Unre8trScted funds These are the unrestricted bjnds to the charity At 1 July 2024 In¢om• Exp•ndlturtr At 30 Jung 2025 Gener81 fvnds 2%.759 374.532 (321,3471 349,944 Prevlou• year: At 1 July 2023 Incorne Expendltu At 30 June 2024 General fvn¢y$ 2Cfj.768 336,581 1246,5901 296,759 18 Analy¥l• of net aJ•ets betw funds Unrestrlcted fund8 2025 At 30 June 2025.. Tangible assets Current assÈtsllliabilttie$l 17,202 332,742 349,944 Unrestrlcted funds 2024 At 30 June 2024: Tangible assets Gurrent 8ssets1lliabilitiesl 17,503 279.256 296,759 11
PANTHEON CLUB (GLASGOW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 17 Related party transactions There were no disdosable related paty tr8nsacbons during the year12024- none). 12-