**REGISTERED CHARITY NUMBER: SC020865** ## **Report of the Trustees and Financial Statements for the Year Ended 31 March 2023** ## **for** **Helenslea Community Hall Committee** Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB **Helenslea Community Hall Committee** ## **Contents of the Financial Statements for the Year Ended 31 March 2023** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|2 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 15| **Helenslea Community Hall Committee** ## **Reference and Administrative Details for the Year Ended 31 March 2023** ## **TRUSTEES** ## **PRINCIPAL ADDRESS** ## **REGISTERED CHARITY NUMBER** SC020865 ## **INDEPENDENT EXAMINER** Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB ## **BANKERS** Royal Bank of Scotland Glasgow Parkhead Branch 1304 Duke Street Glasgow G31 5PZ Page 1 **Helenslea Community Hall Committee** ## **Report of the Trustees for the Year Ended 31 March 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 object of Helenslea Hall Management Committee is to promote a wide range of activities for all client groups within the Lilybank, Newbank, Cuthelton and surrounding areas, and 25% of client groups out-with the above areas without distinction of sex, politics or religion. This has been met with a successful provision of a high quality programme of activities and services for all the communities comprising: A physical activity space for a local nursery, After school activity, Adult sewing classes, Senior Citizens Club, Football Skills programme, Weekend service provision for teenagers, Bingo and social activities, Craft Group, Community Radio Station and Christmas Extravaganza. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Helenslea hall is a community facility within the Lilybank area that offers a range of social, physical and educational opportunities for all community members who reside in the area. Helenslea hall is a community facility within the Lilybank area that offers a range of social, physical and educational opportunities for all community members who reside in the area. ## Services during 2022/23 included: East End Community Radio Station (6 live shows per week), Sewing Group (3 hour session per week), Craft Group (3 hour session per week), Senior Citizens (3 hour session per week), Strength and Balance (1 hour 30 min session per week), Cocaine's Anonymous (Two 2 hour sessions per week), Parent & Toddlers Group (2 hour session per week), Nursery Physical Activity (Two 1 hour sessions per week), Friday Youth Drop-in (2 hours per week), After School Healthy Fox Cubs (2 hours per week), Sunday Community Bingo (3 hours per week), Easter event (4 hours), Christmas Extravaganza (10 hours), Football skills (2 hours per week), Dance and fitness sessions (Four sessions of 1 hour 15mins), Cycle Loan Scheme (Three sessions per week). We have engaged with 305 people each week throughout 2022/23 that attend our programme of services and we accommodate on average 350 people each Fun Day we deliver from Helenslea Community Hall (Spring, Summer, Halloween & Christmas). We have found 2022/23 to be a difficult year with having to source funding to keep our building open due to the level of unsuccessful applications to potential funders. We believe the reason for this is down to over subscription of applicants due to many projects being in the same place financially. We have registered with The Kiltwalk 2023 to raise funds and the profile of Helenslea Community Hall on 30th April. Not expecting situation to get any easier 2023/24 as GCF only awarded one third of funding we requested. ## Partners we have worked with this year are: GCC, Parkhead Housing Association, Tollcross Housing Association, Helenslea Nursery, Asda, CEIS, Menself, The Robertson Trust, Thriving Places. Helenslea Hall Management Committee will continue to develop programme of services at Helenslea Community Hall to accommodate residents of the surrounding area. We will be introducing Welfare Rights Surgeries swell as Jobs & Business Glasgow to our programme of services form June 2023. ## **FINANCIAL REVIEW Reserves policy** It is the trustees policy to maintain unrestricted funds at a level which equates to three months expenditure, for the period ended 31 March 2023 this equalled approximately £24,197. At 31 March 2023 the total unrestricted reserves stood at £47,064 (2022: £56,407). The trustees are therefore satisfied that this reserve policy is currently being met, and funds held in excess of this amount will be reinvested in the development of the charity. ## **Results** The charity incurred a net deficit of £6,871 (2022: deficit of £19,161) for the year ended 31 March 2023. At 31 March 2023, reserves stood at £59,289 (2022: £66,160) with £47,064 (2022: £56,407) of these being unrestricted, free reserves. Page 2 forth• Y•ar Erthd 31 IA¥ch 2tr23 STRUCTUR& GOVERNANCE AND vAANA￿￿T Foundlng and Ch•rHabl• Statt The charity is a SL)Xish Charttab￿ (Xganwtic•. eststr￿s1￿j 88 a tharrty in 1982 aThJ is rwstered wlth Office ol Scottish ch￿Ttal48 Refvr IOSCRI. cawrity nurrtw SC020865. It is by Its ccffistibjkn. I￿￿11￿0b￿l *tr￿1• The Truste8s Iknown as the rnan￿ Can￿￿tIO￿l. m￿berS ¥e apwnkny ann￿]llY in terms 01 thè COns￿tud0n. has ov8r811 rgsrA)nsibility th8 tha11t￿s xb¥11￿. Th# C￿￿￿188 ￿￿MberS and LI reSp￿sIbK9 th8 charity5 dir6ctic¥). and ft)r ¢kninlro tts tKlncJtAes 8ThY Fdbjss. Tr Proj￿ Li staffad by an Sn*t￿Ve In th8 O￿nIOn ol th8 trustaas th•r• IB crn m8n*w of koy Inolwrt ts Iwmbtho P+*nagw. Tha total omFty costs r￿8￿r@ to th18 FAXt kn 2￿22-y8 was £43.34112022'. £42.9151. 21..2.ts££ Approvod by crfder ofthe board oltnMte6s on.......... ................................. •wJ Ih>i8d bahall by. Indopendont Ex•mln•¢s R•p￿t to th• Truthts ol H•l•n81•• Comrnunlty Hall Conwnlll•• Trust00 Invesbrnnt Isccthndl 2Th)5 aThJ the char￿8$ A£cxyJnts IS¢th￿l R•JULati￿ 2c￿8 {&s amthwJ&ll. The charttys trustees consid8r Ihat the audrt requirerrnnt of R•Jul81￿￿ 1011x81 to 1¢) of thè ALxoJnts RtyuLati￿s ¢kns Tr)t ap￿y. It 18 my rg¥KJn&bility to examir￿ the as requiwul urth S6ctic￿ 4q1Xcl d tho A(* Io slate whgthgr Por￿c￿l8r mattern have cryne to rny att8nts'on. Ba•1• olth• Ind•p•nd•nt •x*nln•ts r•wt My examination was carried (Krt in ￿)r￿￿ce wilh Rty￿alK￿ 11 d thg C￿9[¥11￿5 A￿g>Unts Iscthandl Rffjulati¢xLB 2(Y)6. An axamirwtion if￿1￿￿•S a roviow cl tho a(wJ￿rVj kept by ts ¢*arity afKI a IrmporlSc￿ oftt)& acJY)unts pyesentsd vlth thos6 records. It alao indude8 cxjnsidwatic￿ of any unusu81 rtems or d￿ck￿)ro¥ in I￿ acu)unts, and $98king e¥pl8n8tK)ns from you 88 truste88 conC￿lIr￿ 8uth matters. urthrtaken (k ￿t all ts evid8nco tst requlred In an oudc aTrJ I do Th)t an Buthro(arkn ¢*) tho glven by th8 x4xJunts. Ind•p•nd•nt•￿rn1￿•rf¥ •tst•m In 0)nn￿￿on my exarninati￿. IK* hos ctsY* to nyy *th*.' 111 gfv68 m rea9￿8(￿8 cwBe to IW In wy motsrlol rw•c£ th• R•gUla￿On9,. and Regulatio not bgen rrrt c* 121 to whl¢h, kn my (Wrkn. •ttwthi •lKxdd bg In (thr to fAMbl• a uThJerntarthg of Ihe ?￿nts to b• Fellow of the Association of Charter8d Certified Brett Nicholls Ass(Kiates Hert)ert House 24 Herbert Sl¥got Glasgow G20 6NB Date.. **Helenslea Community Hall Committee** ## **Statement of Financial Activities for the Year Ended 31 March 2023** |**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
16,083
60,998
**Charitable activities**
4
Youth and community development
3,535
-
Other trading activities
3
5,685
-
Other income
5
3,615
-
**Total**
28,918
60,998
**EXPENDITURE ON**
**Charitable activities**
6
Youth and community development
37,194
59,593
**NET INCOME/(EXPENDITURE)**
(8,276)
1,405
**Transfers between funds**
16
5,033
(5,033)
**Net movement in funds**
(3,243)
(3,628)
**RECONCILIATION OF FUNDS**
Total funds brought forward
62,532
3,628
**TOTAL FUNDS CARRIED FORWARD**
59,289
-|**2023**
**Total**
**funds**
**£**
77,081
3,535
5,685
3,615
89,916
96,787
(6,871)
-
(6,871)
66,160
59,289|**2022**
**Total**
**funds**
**£**
70,876
3,105
-
3,857
77,838
96,999
(19,161)| |---|---|---| |||| |||| |||| |||
-
(19,161)
85,321
66,160| |||| |||| ## **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 11. The notes on pages 7 -15 form part of these financial statements Page 5 Hd•Ml•• Con*Munlty Hall Comn Balanc• 8h••t 31 Ma￿kn 2023 21)22 FIXED ASSErs TangiN& assets 12 1222S 6.125 CURRENT A%8ET8 Debtors Cash at bank 13 61.648 CREDITORS Amtyjnts falling tkn vAthln s 14 11.3WI 11,6131 NET CURRENT A%8Ef3 TOTAL A88ETS LESS CURRENT UABIUTIES 66.1 NET A38ET8 FUND8 Unr¥strlct•J luThls.' Gen8ral fund D•s￿nIt￿l Fund. FlxfAI A8t•ts 18 47.W 56,407 Rwtrfct•d fijnds TOTAL FUND8 Th? flnandal 8tst¢rnwts 8Fwv•J ty th& Trwt•O8 •utrrKW for1&￿ on ... •nd wèr• slgn8d on Rs t•h8ff by.. **Helenslea Community Hall Committee** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **1. ACCOUNTING POLICIES** ## **General information** Helenslea Community Hall SCIO ("the charity") is a Scottish Charitable Incorporated Organisation governed by its constitution. It was registered as a charity in Scotland (registered number SC020865) on 23 November 1992. Its registered address is ## **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, with the exception of investments which are included at market value. 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. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Financial instruments** The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Page 7 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **1. ACCOUNTING POLICIES - continued** ## **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** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Fixtures and fittings|- 25% on cost| |---|---| |Motor vehicles|- 20% on cost| |Computer equipment|- 25% on cost| All assets costing more than £1,000 are capitalised and valued at historic cost. Tangible fixed assets are depreciated over their useful life as follows: Equipment - 20% on cost ## **Taxation** Helenslea Hall 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. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. DONATIONS AND LEGACIES** |Donations
Grants
Donation in kind|**2023**
**£**
4,783
65,098
7,200
77,081|**2022**
**£**
500
70,376
-| |---|---|---| |||70,876| Page 8 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **2. DONATIONS AND LEGACIES - continued** Grants received, included in the above, are as follows: |**2023**
**£**
Robertson Trust
23,000
Other Small Grants
-
Glasgow City Council
400
W.A. Cargill
2,000
Glasgow Communities Fund
30,348
Glasgow Council for the Voluntary Sector
-
Parkhead Housing Association
1,750
Asda Foundation
7,600
65,098
**3.**
**OTHER TRADING ACTIVITIES**
**2023**
**£**
Fundraising events
5,685
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
**2023**
**£**
Earned Income
3,535
**5.**
**OTHER INCOME**
**2023**
**£**
Employment Allowance
3,376
Bank Interest
239
3,615
**6.**
**CHARITABLE ACTIVITIES COSTS**
**Direct**
**Support**
**Costs (see**
**costs (see**
**note 7)**
**note 8)**
**£**
**£**
Youth and community development
95,407
1,380|**2022**
**£**
20,000
4,625
3,900
-
31,901
9,950
-
-| |---|---| ||70,376| ||**2022**
**£**
-
**2022**
**£**
3,105
**2022**
**£**
3,850
7
3,857
**Totals**
**£**
96,787| Page 9 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **7. DIRECT COSTS OF CHARITABLE ACTIVITIES** |Staff costs
Telephone
Sessional Staff
Volunteer Expenses
Accounting Support
Bank Charges
Equipment & Resources
Heat, Light and Power
Insurance
Payroll Fees
Postage, Printing & Stationery
Repairs and Maintenance
Water
Activities
Materials
Transport
Subscriptions
Staff Expenses
Sundry Costs
Website
Depreciation
**8.**
**SUPPORT COSTS**
Accountancy - IE Fee|**2023**
**£**
50,620
2,313
607
-
-
4,380
1,045
9,274
1,561
525
1,038
6,405
2,090
7,735
-
-
611
1,070
-
-
6,133
95,407
**2023**
**£**
1,380|**2022**
**£**
54,720
2,397
-
100
1,184
-
713
10,207
563
623
1,165
5,901
2,244
9,244
866
351
316
22
34
2,224
3,075| |---|---|---| |||95,949| |||**2022**
**£**
1,050| ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 10 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** |**10.**
**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.
**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**funds**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
5,125
**Charitable activities**
Youth and community development
3,105
Other income
3,857
**Total**
12,087
**EXPENDITURE ON**
**Charitable activities**
Youth and community development
3,638
**NET INCOME/(EXPENDITURE)**
8,449
**Transfers between funds**
5,264
**Net movement in funds**
13,713
**RECONCILIATION OF FUNDS**
Total funds brought forward
48,819
**TOTAL FUNDS CARRIED FORWARD**
62,532|**2023**
**£**
43,341
3,639
3,640
50,620
**2023**
2
**Restricted**
**funds**
**£**
65,751
-
-
65,751
93,361
(27,610)
(5,264)
(32,874)
36,502
3,628|**2022**
**£**
46,948
3,851
3,921
54,720
**2022**
2
**Total**
**funds**
**£**
70,876
3,105
3,857
77,838
96,999
(19,161)
-
(19,161)
85,321
66,160| |---|---|---| |||| Page 11 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **12. TANGIBLE FIXED ASSETS** |**Fixtures**
**and**
**Motor**
**fittings**
**vehicles**
**£**
**£**
**COST**
At 1 April 2022
47,512
37,500
Additions
12,233
-
At 31 March 2023
59,745
37,500
**DEPRECIATION**
At 1 April 2022
44,942
37,500
Charge for year
3,915
-
At 31 March 2023
48,857
37,500
**NET BOOK VALUE**
At 31 March 2023
10,888
-
At 31 March 2022
2,570
-
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**15.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
12,225
-
Current assets
48,444
-
Current liabilities
(1,380)
-
59,289
-
**Comparatives for analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
6,125
-
Current assets
58,020
3,626
Current liabilities
(1,613)
-
62,532
3,626|**Computer**
**equipment**
**£**
8,872
-
8,872
5,317
2,218
7,535
1,337
3,555
**2023**
**£**
-
**2023**
**£**
1,380
**2023**
**Total**
**funds**
**£**
12,225
48,444
(1,380)
59,289
**2022**
**Total**
**funds**
**£**
6,125
61,648
(1,613)
66,160||**Totals**
**£**
93,884
12,233
106,117
87,759
6,133
93,892
12,225
6,125
**2022**
**£**
2,200
**2022**
**£**
1,613
**2022**
**Total**
**funds**
**£**
6,125
61,648
(1,613)
66,160
**2021**
**Total**
**funds**
**£**
5,773
80,508
(960)
85,321| |---|---|---|---| ||||| Page 12 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **16. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||||| |---|---|---|---|---|---| ||||**Net**|**Transfers**|| ||||**movement**|**between**|**At**| ||**At 1/4/22**||**in funds**|**funds**|**31/3/23**| ||**£**||**£**|**£**|**£**| |**Unrestricted funds**|||||| |General fund|56,407||(2,143)|(7,200)|47,064| |Designated Fund - Tangible Fixed Assets|6,125||(6,133)|12,233|12,225| ||62,532||(8,276)|5,033|59,289| |**Restricted funds**|||||| |Learning Centre|3,628||(3,628)|-|-| |Asda Foundation||-|5,033|(5,033)|-| ||3,628||1,405|(5,033)|-| |**TOTAL FUNDS**|66,160||(6,871)|-|59,289| |Net movement in funds, included in the above are as follows:|||||| ||||**Incoming**|**Resources**|**Movement**| ||||**resources**|**expended**|**in funds**| ||||**£**|**£**|**£**| |**Unrestricted funds**|||||| |General fund|||28,918|(31,061)|(2,143)| |Designated Fund - Tangible Fixed Assets|||-|(6,133)|(6,133)| ||||28,918|(37,194)|(8,276)| |**Restricted funds**|||||| |Robertson Trust|||23,000|(23,000)|-| |Learning Centre|||-|(3,628)|(3,628)| |Glasgow Communities Fund|||30,348|(30,348)|-| |Parkhead Housing Association|||1,750|(1,750)|-| |Asda Foundation|||5,900|(867)|5,033| ||||60,998|(59,593)|1,405| |**TOTAL FUNDS**|||89,916|(96,787)|(6,871)| Page 13 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **16. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||**Net**|**Transfers**|| |---|---|---|---|---| |||**movement**|**between**|**At**| ||**At 1/4/21**|**in funds**|**funds**|**31/3/22**| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |General fund|43,046|11,524|1,837|56,407| |Designated Fund - Tangible Fixed Assets|5,773|(3,075)|3,427|6,125| ||48,819|8,449|5,264|62,532| |**Restricted funds**||||| |Participatory Budgeting|11,284|(6,020)|(5,264)|-| |Big Lottery|15,466|(15,466)|-|-| |Cattanach Trust|6,124|(6,124)|-|-| |Learning Centre|3,628|-|-|3,628| ||36,502|(27,610)|(5,264)|3,628| |**TOTAL FUNDS**|85,321|(19,161)|-|66,160| Comparative net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Movement**| |---|---|---|---| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|12,087|(563)|11,524| |Designated Fund - Tangible Fixed Assets|-|(3,075)|(3,075)| ||12,087|(3,638)|8,449| |**Restricted funds**|||| |Robertson Trust|20,000|(20,000)|-| |Participatory Budgeting|-|(6,020)|(6,020)| |Big Lottery|-|(15,466)|(15,466)| |Cattanach Trust|-|(6,124)|(6,124)| |Glasgow Communities Fund|31,901|(31,901)|-| |Glasgow Council Voluntary Sector|9,950|(9,950)|-| |Glasgow City Council|3,900|(3,900)|-| ||65,751|(93,361)|(27,610)| |**TOTAL FUNDS**|77,838|(96,999)|(19,161)| Page 14 continued... **Helenslea Community Hall Committee** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **17. RELATED PARTY DISCLOSURES** The Initiative Manager is the son of one of the Trustees. During the year, total employer costs paid to this post were £43,341 (2022: £42,915). ## **18. PURPOSES OF UNRESTRICTED FUNDS** General funds - The unrestricted, 'free reserves' of the Charity Designated Fund- Tangible Fixed Assets- represents the net book value of the Charity's tangible fixed assets. Depreciation is charged to the fund and additions are transferred to it. ## **19. PURPOSES OF RESTRICTED FUNDS** Restricted funds represent grants and donations received for spending on specified purposes as indicated by the donors, and which are laid out below: Glasgow City Council Glasgow Community Fund – Funding a percentage of staffing costs for manager and running costs for Gas, Electricity, Repairs, Insurance, Equipment etc. Learning Centre- funding from Asda to upgrade learning centre to replace computers and structural modernisation including blinds etc. All upgrades were carried out and area for upgrade is fully functional and accessible to members of our community. The Robertson Trust - funding towards staff costs Parkhead Housing Association – Funds for events that would bring members of our community together within a safe space. The main aim was to deal with Social Isolation. Asda Foundation - To part fund upgrade of kitchen area and this award enabled us to offer our service users a modern spacious area to accommodate the needs of members attending group activity. Page 15