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
SC￿2818
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 8￿rdan￿ ¥￿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 Un￿s￿ICted funds. which are the free ￿Se￿e$ 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 D1￿CtorS 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
(App￿nted 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 R￿UlatIOn 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 disclosu￿S
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
un￿tricted
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 polie*s
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 ￿nC*M b88is of ac¢ounbng in preparing the finanual $18lements.
1.3 Chadtable fundi
Unrestricted funds are available for use at the discrelion of the D1￿CtorS in furtherance ol their charrtable
objectives.
Restdct8d funds 8r• subfrect to specthc cont1itions by donors or grantofs as to how théy may be used. Th8
purposes and uses of the restricied lunds are set out in the notes to the finanaal statements.
1.4 Ineom•
Oonatlons
Cash donation5 are recognised on receipl. Other donalions are recogni5ed once the charty h85 been notified
ol the donation. unle55 performance condrtion5 require deferral of the 8mount. Income lax recoverable in
rèlation to donation$ 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 e￿￿ornI¢ 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 dIr￿t costs and
sha￿d costs. including support costs involved in undertaking each activity. Direct costs 8ttn'bUta￿e 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.
Rol*lng 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 I￿al 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 re5￿Ual 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 rel*ctK)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 accoUn￿n9 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 fO￿8110n 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•r*d
*hd bulldlng
P￿nt •nd
•qulpmofit
Total
C￿t
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-