Charity registration number SC025724 (Scotland>
Company registration number SC156603
THE PARK CENTRE (STRATHKELVIN) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ALEXANDER
SLOAN
TC Group
Business Advisors & Accountants
180 st Wincent street
Glasgow
G2 5SG

THE PARK CENTRE (STRATHKELVIN) LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
J Proctor
G Crooks
C Davis
M Robertson
J Clark
J Maclaren
l Gibson
P Davis
A Finnie
(Appointed 5 July 20251
(Appointed 5 July 20251
Secretary
A Chisholm
Charity number (Scotland)
SC025724
Company number
SC156603
Principal address
The Park Centre
45 Ke￿ Street
Kirkinlilloch
G661LF
Registered office
Tontine House
8 Gordon Street
Glasgow
G1 3PL
Independent examiner
Philip Morri￿, FCCA
TC Group
Business Advisors & Accountants
180 Sl Vincent Street
Glasgow
G2 5SG
Bankers
Royal Bank of Scotland
116 Cowgate
Kirkinlilloch
Glasgow
G66 1JX

THE PARK CENTRE (STRATHKELVIN) LIMITED
CONTENTS
Page
Directors, report
Independent examine¢s report
statement of finanual activities
Balance sheet
Notes to the financial statements
10-19

THE PARK CENTRE (STRATHKELVIN) LIMITED
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Directors present their annual report and ffinancial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies sel out in nole 1 to the
financial statements and comply wth the charity's Memorandum and Articles of Association. the Charities and
Trustee Investment (Scotland) Act 2005, the Charities Accounts {Scotlandl Regulations 2006 las amended}, the
Companies Act 2006 and 'Accounling and Reporting by Charities.. Statemenl of Recommended Practice
applicable to charities preparing their accounts in accordan￿ wtth the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102)" (as amended for accounling periods commenang from 1 January
2019}.
Objectives and activities
For the public at large {and residents) within the communty of Strathkelvin and environs,
1. To provide in the interests of social welfare, facilities for recreation and other leisure time activity with a view to
improving their conditions of life.
2. To relieve povety.
3. To relieve the needs of persons suffering from mental andlor physical disabilty, illness or impairment.
4. To advance education particularly among young people. disabled people and the unemployed.
5.To promote andlor provide training and skills of all kinds, particularly such skills as will assist the residents in
obtsining paid employment.
6.To promote, establish and operate other schemes of a charitable nature for the benefft of the community.
Activities
The principal activity of the charity in the year under review was that of providing a centre (i.e. The Pa￿ Centre
building) for social activities, care and training as well as offering a wide range of facilities to the general public,
with particular emphasis given towards those with additional support needs.

THE PARK CENTRE (STRATHKELVIN) LIMITED
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perfonnance
The Park Centre continued to provide an accessible. affordable and attractive venue for a wide variety of local
charilies, organisations and small enlerprises who retum year after year as they find our facilities meet all their
requirements.
The Directors held monthly Board meelings Ihroughout the year with a majortty able lo attend regulady. Minutes
and monthty accounts were circulated prior to each meeting either by email or by hand. In Juty 2024, two new
Direclors were appointed, Pat Davis and Alan Finnie. Both have been associated with The Park Centre for some
time and have often a5SiSted with fundraising. Despite these new member5, the Board remains conscious of the
increasing age of several long-standing Directors so will continue looking for surtable recruits.
The Special Purchases Fund was supported by proceeds from the October Fair, sales of quizzes. knitted goods
and donations. Unfortunalely, the Children's Memories Knilfesl in November had lo be abandoned due lo a one-
day snowstorm but some of the exhibits were sold later. increasing the total to over £2,500. Thi5 was used to
upgrade the window in the Macpherson Room in the Balcony. improving its insulation, and almost £2,000
towards fingerguards on all the aulomaticalty opening doors to meet current legal requiremenls. This was a large
expense that could not be avoided.
The rents were held at the 2023124 rale to lry to help the small organisations whose members were, like
everyone else, suffering from Ihe rapid increase in the cost of living while many of Ihem live on their pension andl
or benefits.
Despite having both Creatovators and Barclays as pernanent lets now, the income is still not enough to meet all
the expenses, especially as the fuel costs have risen so sharply, so some of the second legacy had to be used
again this year. There will definitety be an increase in rents for 2025126 but even these may nol bring in enough
income to match the expenditure so the search for further funds continues.
Letting
There are now 3 permanent tenants in The Park Centre and each week there are a variety of sessional lets.
Contact Point in East Dunbartonshire continues to operate from the George Crooks Room where it
has its office and runs 2 popular Social Interaction Groups for adults with a disability and older people on
Tuesday aftemoons and Wednesday momings. It also started a new group on Thursday mornings,
called Community Friends, primarily for those people with a disability {45 to 65) who want to be more
active, especially during the summer when everything else seems to stop.
In partnership wilh The Park Cenlre they also wn a short-lem equipment loan, mainly of wheelchairs,
for the general public, available quick￿ by a phone call or personal visit
Creatovators occupy the Hadfield Suite in the balcony. This Community Inlerest Company provides
services for children and young people on Ihe autistic spectrum and their families and carers as well as
offering training for professionals any anyone else with an interest in this area. They operate a company
volunteers scheme to assisl with and leam about the Lego therapy sessions, and several youngsters
previously using the programme come back to help others who share their difficulties.
Barclays bank are continuing to use the Old Vestry for their community setvices
Tuesday lo
Thursday.. 9am lo 5pm, with the Paterson Hall available as a waiting area. The main stipulations for their
tenancy were sole use of office space, accessibility and that The Park Centre must be manned during
Iheir presence. This means that when the Centre Manager is absent for any reason, the Direclors must
ensure someone else is present.
Sessional tenants.. the majority of the previous year's tenants returned again after the summer break
with the addition of a few others for both 'one-off and regular lets.
The Bank of Scotland have indicated that they wish to establish their Community Hub in The Park
Centre although this will only be held once every 2 weeks, on Thursdays, 9.30am lo 4.30pm, beginning
in May 2025.

THE PARK CENTRE (STRATHKELVIN) LIMITED
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Improvements:
Fingerguards are now fitted to all doors with an autornatic mechanism to meet current legal
requirements. These were cosuy but some of this was covered by the Special Project fund.
The Resource room in the old Leaming Zone at the fronl of Ihe building was moved to the Lamb Room
as it is difficult to use for sessional lets. being directty off the Mackay Hall.
The Allan Room (the old resource room) was renamed afler Dr Geoff Allan. Ihe first Chairperson of The
Park Centre Company. As it is just off the main entran￿ it is much more convenient to let and the Bank
of Scotland will use it from May 2025. A new carpet was laid and the intercom upgraded and
reconnected
Mainlenance
The Centre Manager keeps an eye on both the inside and outer aspects of the building and the general condition
is in good order with minimum repairs and replacement costs.
The main roof required some slales replaced on occasion after high winds, severe gusts causing the
most damage.
A leak in the roof area above the Old Vestry ￿qUired Iwo vistts to repair, the exacl spot of ingress being
difficult to identify and some lead had to be renewed. The light fitting. damaged by the water, was
replaced by an electrician and the electrical circuits checked afterwards.
The lifl had its annual check and is working well, atthough it is only used on occasion these days.
The gents, toilet at the rear of the building continued to give problems, the problem eventually being
identified to some old piping. The spray in the urinals also required adjustmenl in both volume and
frequency.
The website was updated to include the Allan Room, and both Bardays and The Bank of Scotland
Community services.
The boundary wall with 43 Ke￿ Street collapsed at the Victoria Street end. This wall belongs to The Park
Centre, and, after examination, the damage was found to be due lo pressure from rools from trees at the
rear of our grounds. Although the main culprit is now dead, a￿angeMentS were made for its removal and
for the wall will be repaired once the frosts are over.
Employment
The Centre Manager continues to run the building well and is complemented on his welcoming
disposition and for helping out. over and above his set duties. The Directors trust his judgement in
matters of repair, replacement, etc,. and believe he is an asset to The Park Centre.
The Support Assistant's recovery from her pulmonary emboli in January 2024 was very slow and she
was still short of breath 5 months later. After discussion, she agreed she might never be able to do the
physical work associated with her job. As The Park Centre has no olher posts to which she could be
transferred she was offered medical retiremenvredundancy, which she agreed to take at the end of June
2024.
To date no replacement has been appointed.
Events and Fundraising
There was a Craft Fair and Coffee Moming in October which raised almost £800 and was also a good
opportunity for local people lo come and see whal The Parf( Centre has to offer.
The 'Children's Memories Kniffesl" scheduled for a Saturday in November had lo be cancelled at the
last minute due to a one-day snowstorm.
The popular Quizzes were circulaled during the year again and brought in welcome funds as did the
regular sale of second-hand books available in both Craigie and Mackie Halls.
Donations were very welcome from both Kirkinlilloch choirs, generous individuals and trom half the
wheelchair deposits Ihal were gtfted from the Short Term Equipment Loan SeNice that we administer
with Contact Point in East Dunbartonshire.
Volunteers
The Park Centre could not run as a going concem without the contribution of Volunteers.
All the Board of Direclors are Volunleers dealing wtth govemance. finan￿, propety, health and safety
letting, administration and employment.
other local people volunteer for Ihe tea-room. stalls, etc.. at our events for which the Board members
are grateful as they could not manage alone.

THE PARK CENTRE (STRATHKELVIN) LIMITED
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
St David's Memorial Park Parish Church
The original lease wilh St David's Memorial Park Parish Church of 25 years expired on 31$1 October
2022 but conlinues by tactt localion year on year with the existing conditions for the foreseeable future.
As the lease has expired, the cost of all the previous improvements and repairs has depreciated to zero
so there is now a peppercom rent of £100 per annum charged but The Park Centre continues lo fund all
repairs, replacements and improvements from their own funds.
Financial review
Per the Slatemenl of Financial Aclivities on page 7, the chartty reported Net Expendtlure (i.e. Deficit) of £15,628
for the year {2024 - Deficit £12,071) of which expenditure of £1.936 related to Depreciation on Leasehold
Improvemenls as indicated in Note 11, Tangible Fixed Assels, on page 15. The charity's tolal funds at 31 March
2025 amounted to £42,123 of which £9.812 as indicated in Note 16. Unrestricted Designated Funds. on page 17
was 'tied up, in fixed assets.
Resenies Policy
The Direclors have eslablished a policy whereby the charity's Unrestricted Funds {i.e. free reserves
not
committed or invested in tangible fixed assets) should approximate to at least three months of annual
expenditure. Al this level, the Directors feel that they would be able to continue the charity's current aclivities in
the event of a significant drop in funding. Represented by the General Fund as per the Statement of Financial
Activities on page 7, the charity had free reserves of £32,311 at 31 March 2025 which, although above the
required level, was acceptable to the Directors.
Risk management
The Directors have assessed the major risks to which the charity is exposed. in particular those related to the
operations and ftjture of the charity and are satisfied that systems are in place to mitigate all exposure to major
risks.
Structure. governance and management
The Park Centre Istrathkelvinl Ltd is a private limited company (No. SC156603) and a recognised Scottish
charity (No. SC0257241, govemed by its Memorandum and Articles of Association.
The Directors who served during the year and up to the date of signature of the financial slatements were..
J Proctor
G Crooks
C Davis
M Robertson
J Clark
J Maclaren
l Gibson
P Davis
A Finnie
{Appointed 5 Juty 2025)
{Appointed 5 Juty 2025)
Appointment of Directors
New Directors are appointed at the discretion of the Board. There is no fixed temi for directorship. New Directors
take part in an induction programme which aims to familiarise them with the charity's values, aims and objectives
together with its day-to-day operations. in addition to clanfying their statutory responsibilities as Directors of a
private limited company and as Trustees of a charity-
Oryanisational Structure
The Directors are responsible for the charity's overall direction and consider themselves as the Key Management
Personnel with regard to direcling. controlling and running the charity's daity acttvities. The Directors serve
volunlarity. No remuneration or reimbursed expenses were paid to the Directors during the year in their role as
Direclors.

THE PARK CENTRE (STRATHKELVIN) LIMITED
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Related parties
The charitable company's share capiial is held jointty by Contact Point in East Dunbartonshire SCIO (Scottish
Charity No. SC0081841 and St David's Memorial Park Parish Church (Scottish Charity No. SC0074271. The
shares are held in trust by the Directors of The Park Centre (Strathkelvin) Limited.
The Directors holding office at 31 March 2024 did not hold any beneficial interest in the issued share capital of
the charitable company.
Independent Examiner
The Directors recommend Ihal Philip Morrice, F.C.C.A., a partner in TC Group, Business Advisors and
Accountants, remains in office as independent examiner until further notice.
The Directors, report was approved by the Board of Directors.
J Proctor
Direclor
Dated..
1311112025

THE PARK CENTRE (STRATHKELVIN) LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF THE PARK CENTRE (STRATHKELVIN) LIMITED
I reporl on the financial statements of the the charity for the year ended 31 March 2025, which are sel out on pages
7t019.
Respective responsibilities of Directors and exarniner
The charity Trustees (who are also the Directors of The Park Centre (Strathkelvin) Limited for the purposes of
company law) are responsible for the preparation of the financial slatements in accordance wilh the terms of the
Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006.The
the charity Directors consider that the audit requirement of Regulation 10{11{a)-{c) of the Charities Accounls
(Scotland) Regulations 2006 does not app￿.
It is my responsibility to examine Ihe financial Statements as required under section 44{11(c) of the Charities and
Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
Basis of independent examinerfs statement
My examination is carried oul in accordance with Regulation 11 of Ihe 2006 Accounts Regulations. An examination
includes a review of the accounting records kept by the charity and a comparison of the financial statements
presented with those records. It also includes consideration of any unusual items or disclosures in the financial
statemenls, and seeks explanations from the Trustees conceming 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 financial stslements.
Independenl examinerfs ststemenl
In the course of my examination, no matter ha5 come to my attention
. which gives me reasonable cause lo believe that in any material ￿SpeCt the ￿qUIreMen1s=
to keep accounting records in accordance with Section 44111{al of the Charities and Trustee Investment
{Scotlandl Act 2005 and Regulalion 4 of the Charities Accounts {Scotlandl Regulations 2006, and
to prepare financial statements which accord with the accounting records and compty with Regulation 8 of
the Charities Accounls (Scolland) Regulations 2006
have nol been met, or
2. lo which, in my opinion. attention should be drawn in order to enable a proper underslanding of the financial
statements to be reached.
Philip Morrice, FCCA
TC Group
BusinessAdvisors & Accountants
180 st Vincenl Street
Glasgow
G2 5SG
Date..
1411112025

THE PARK CENTRE (STRATHKELVIN) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current financial year
Unrestricted Unrestricted Restricted
funds
funds
funds
general designated
2025
2025
Total
Total
2025
2025
2024
Notes
Income from:
Donations
Income trom charitable activities
Investment income
2.261
41,841
580
50
2,311
41,841
580
4,812
29,526
783
Total income
44.682
50
44.732
35,121
enditure on:
Cost of charilable activities
55,830
4,480
50
60,360
47,192
Net expenditure before transfers
{11.148)
(4.480)
(15.6281
(12,0711
Gross transfers between funds
17
(1.201)
1.201
Net movement in funds
(12.349)
(3.279)
(15.6281
(12,0711
Fund balances at 1 April 2024
44,660
13,091
57,751
69,822
Fund balances at 31 March 2025
32,311
9,812
42,123
57,751
The statement of financial activities indudes all gains and losses recognised in the year.
The slatement of financial activities indudes all gains and losses recognised in the year. All income and expendilure
derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
The notes on pages 10 to 19 form an integral part of these financial statements.

THE PARK CENTRE (STRATHKELVIN) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prior financial year
Unrestricted Unrestricted Restricted
funds
funds
funds
general designated
2024
2024
Total
2024
2024
Notes
Income from:
Donations
Income trom charitable activities
Investment income
3,007
29,526
783
1,805
4,812
29,526
783
Total income
33,316
1,805
35,121
enditure on:
Cost of charilable activities
39,937
5,450
1,805
47,192
Net expenditure before transfers
(6,621)
(5,450)
{12,071)
Gross transfers betsveen funds
17
(4,554)
4,554
Net movement in funds
(11,175)
{896)
{12,071)
Fund balances at 1 April 2023
55,835
13,987
69,822
Fund balances at 31 March 2024
44,660
13,091
57,751
The slatement of financial activities indudes all gains and losses recognised in the year.
The statement of financial activities indudes all gains and losses recognised in the year. All income and
expenditure derive from continuing activilies.
The statement of financial aclivities also complies with the requirements for an income and expenditure accounl
under the Companies Act 2006.
The notes on pages 10 to 19 form an integral part of these financial slatements.

THE PARK CENTRE (STRATHKELVIN) LIMITED
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
11
10,960
12,896
Current assets
Debtors
Cash at bank and in hand
12
5,655
36.225
5,279
46.872
41.880
52.151
Creditors: amounts falling due within
one year
13
(10.717)
(7.2961
Net current assets
31.163
44,855
Total assets less current liabilities
42,123
57,751
The funds of the the charity
Unrestricled funds - general
Unrestricted funds - designated
17
16
32,311
9,812
44,660
13,091
42,123
57,751
The company is entilled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge Iheir responsibilities for complying wtlh Ihe requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of tts financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject
to the small companies regime.
1311112025
The financial stalemenls were approved by the Directors on .........................
J Proctor
Director
Company registration number SC156603 (Scotland)

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity infonnation
The Park Centre Istrathkelvinl Limited is a private company limited by guarantee incorporated in Scotland.
The registered office and principal place of business is Tontine House, 8 Gordon Street, Glasgow, G1 3PL.
1.1 Accounting convention
The financial stalemenls have been prepared in accordance wtlh the the charity's Memorandum and Articles
of Association. the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotland)
Regulations 2006 (as amended), the Companies Acl 2006 and "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 IFRS 1021° {as amended for
accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary
amounts in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting
policies adopled are sel out below.
1.2 Going Concern
At the time of approving the financial statements, the Directors have a reasonable expectation that the the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
Directors continue to adopt the going COn￿M basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Directors in furthera￿￿ of their charitable
objectives.
Restricted funds are subject to specrfic conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legalty entitled to tt after any perfomiance conditions have been met,
the amounts can be measured reliabty, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donalion, unless perfomiance conditions require deferral of the amounl. Income lax recoverable in
relation to donations received under Gift Aid is recognised at the time of the donation.
Donated services and donated facilities
Donaled services and donated faciltties are recognised as income when the charity has control over the item,
any conditions associated with the donated item have been met, the receipt of economic benefft from the use
by the charity of the item is probable and that economic benefft can be measured reliably. On receipt, donated
services and donaled facilities are recognised on the basis of the value of the gift to Ihe charity which is the
amount the charity would have been willing to pay to obtain services or facilities of equivalent economic
benefit on the open market. a corresponding amount is then recognised in expenditure in the period of
receipt.
Income from Charilable Activities
Income from charitable activities includes incorne eamed both from the suppty of goods or ServI￿S under
contractual arrangements and from perfonnance-related grants which have conditions that specify the
provision of particular goods or services to be provided by the chartty. Income from charitable activities is
recognised as earned (as the related goods or services are provided).
10-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Investment income
Inlerest on funds held on deposit is induded when receivable and the amount can be measured reliably by
the charity,. this is normally upon notification of the interest paid or payable by the bank.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constTUCtive obligation committing the
charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can
be measured or estimated reliably.
Liabilities are measured on recognition at historical cost and then subsequently measured at the best
eslimate of the amount required to settle the obligation at the reporting dale. The exception is that certain
financial instruments must be adjusted to their present value,. these include financial liabilities where
settlement is deferred for more than 12 months after the reporting date.
All expenditure is accounted for on an accruals basis. All expenses including support costs and govemance
costs are allocated or apportioned to the applicable expenditure headings.
Expenditure on Charitable activities
Expenditure on charilable activtties includes all costs incurred by the charity in undertaking aclivities that
further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to
the governance of Ihe charity apportioned to charitable activities. The costs of charitable activilies presented
in the Statement of Financial Activities includes the costs of both direct Servi￿ provision and the payments of
grant awards if applicable.
Governance costs
Governance costs {which are induded as a component of support costs in accordance with SORPI comprise
all costs involving the pubic accountability of the charity and tts compliance wtlh regulalion and good practice.
These costs include those related to the constitutional and stalutory requirements, external scrutiny (audit or
independent examination), strategic management and other legal and professional fees.
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading in vthich it was incu￿ed.
1.6 Tangible fixed assets
Tangible fixed assets are initialty measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
To write off expenditure over the remaining term of the lease.
150/0 reducing balance
150A reducing balan
30°/o reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impaimlent of fixed assets
At each reporting end date, the the charity reviews the carrying amounts of its tangible assets to detemiine
whether there is any indicalion Ihat those assets have suffered an impaimenl loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment
loss {rf any).
11

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.9 Financial instruments
The charity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Seclion 12
'Other Financial Instruments Issues. of FRS 102 to all of rts financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an inlention to settle on a
net basis or to realise the asset and settle the liability simulianeousty.
Basic financial assets
Basic financial assets, which indude debtors and cash and bank balan￿s, are initialty measured at
transaction price including transaction costs and are subsequenlly carried al amortised cost using the
effective interest method unless the a￿angement constrtutes a financing transaction, where the transaction is
measured al Ihe present value of Ihe fvture re￿iptS discounted at a market rate of inlerest. Financial assels
classified as receivable within one year are not arnortised.
Basic financial liabilities
Basic financial liabiliiies, including creditors and bank loans are inits'alty recognised at transadion price unless
the arrangemenl conslitules a financing transaclion, where the debl instrument is measured at Ihe present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instnjments are subsequentty carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operalions from suppliers. Amounls payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade credilors are recognised initially at
transaction price and subsequentty measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Retirement benefits
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the charity's accounting policies. the Directors are required to make judgements,
eslimates and assumplions aboul the carrying amount of assets and liabiltties thal are not readily apparenl
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual resums may differ from these eslimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimates are recognised in the period in which the estimate is revised where Ihe revision affects only thal
period, or in the period of the revision and future periods where the revision affect5 both current and future
periods.
12-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Donations
Unrestricted Restricted
funds
funds
general
2025
Total Unrestricled
funds
general
2024
Reslricted
funds
Total
2025
2025
2024
2024
Donations and gifts
EDC Winter Connections
Scheme
2,261
50
2,311
3,007
305
3,312
1,500
1,500
2,261
50
2,311
3,007
1,805
4,812
Donations and gifts
Donations
2,261
50
2,311
3.007
305
3,312
2,261
50
2,311
3.007
305
3,312
Income from charitable aclivities
2025
2024
Hall Rentals
41,841
29,526
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
580
783
13-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
2025
2024
Direct costs
Staff costs
Depreciation and impaiment
Premises costs
Running costs
Legal and professional
Governance costs (Note 9)
29,900
1,936
10.115
14,902
993
2,514
28,806
2,021
7,583
5,534
854
2,394
60,360
47,192
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
55,830
4,480
50
39,937
5,450
1,805
60,360
47,192
Trustees. Emoluments
None of the Trustees lor any persons connected with them) received any remuneration or beneffts from the
charity during the year. See also Note 16.
Employees
Number of employees
The average monlhly number of employees during the yearwas..
2025
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
Other pension costs
28,918
982
27,841
965
29,900
28,806
No remuneration was paid to key management personnel during the year (2024 - £Nil).
There were no employees whose annual remuneration was £60,000 or more.
14-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Net Incomel{expenditure)
2025
2024
Net incomel{expenditure) for the year is stated after charging=
Independent Examineffs ￿MUneration
Depreciation of owned tangible fixed assets
2,514
1,936
2,394
20,890
10 Taxation
The charity is exempt from tsxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
Leasehold
wnprovements
Plant and Fixtures and
equipment
frttings
Compute
Totsl
Cost
At 1 April 2024
314,085
7,297
24,469
2,129
347,980
At 31 March 2025
314,085
7,297
24,469
2,129
347,980
Depreciation and impainnent
At 1 April 2024
Depreciation charged in the year
314,085
7,190
16
11,693
1,916
2.116
335,084
1,936
At 31 March 2025
314,085
7,206
13,609
2,120
337,020
Carrying amount
At 31 March 2025
91
10,860
10,960
At 31 March 2024
107
12,776
13
12,896
12 Debtors
2025
2024
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
4.545
1,110
4,820
459
5,655
5,279
15-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Creditors: amounts falling due within one year
2025
2024
Notes
Deferred income
Accruals
14
6,240
4.477
4,350
2,946
10.717
7,296
14 Deferred income
2025
2024
Other deferred income
6,240
4,350
Deferred income is included in the financial ststements as follows=
2025
2024
Deferred income is included within=
Current liabilities
6.240
4,350
Movements in the year..
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
4,350
{4.3501
6,240
4,350
Deferred income at 31 March 2025
6,240
4,350
15 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profit or Ioss in respect of defined contribution schemes
982
965
The the charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the the chartty in an independently adminislered fund. The pension
charge represents contributions due from the company and amounted to £98212024 £965}
16-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Unrestricted funds - designated
These are the designated funds which have been set aside out of unreslricled funds by the Truslees for
specific purposes..
At 1 April
2024
Resources
expended
Transfers At 31 March
2025
Designated Assets Fund
Special Purchase Fund
Share Capital
10,538
1.553
1,000
(1,936)
12,544)
8,602
210
1,000
1.201
13,091
(4,480)
1,201
9,812
Previous year-
At 1 April
2023
Resources
expended
Transfers At 31 March
2024
Designated Assets Fund
Special Purchase Fund
Share Capital
11.730
1.257
1,000
(3,187)
(2,263)
1,995
2,559
10,538
1,553
1,000
13,987
(5,450)
4,554
13,091
Purposes of Designated Funds
Designated Assets Fund
The Designated Assets Fund represents the net book value of the charity's fixed assets, distinguishing their
value from unreslricted funds immedialety for use. During Ihe year ended 31 March 2024, the Fund received a
£1,995 transfer from the General Fund {Unrestrictedl representing the financing and purchase of fixed assets.
Special Purchases Fund
Originated from a gift received from the foTher Park Centre Support Group on its cessation to finan￿ special
purchases and enhance Ihe charity's facilities and aclivities. Transfers in the year of £1,201 from the general
fund represent unrestricted donations and fundraising monies that the Directors have allocated towards the
Special Purchase Fund.
Share Capital
Originaled from the company's share capital vthich is held joinlly by Contact Poinl in Easl Dunbartonshire
SCIO (Scottish Charity No. SC008184) and St David's Memorial Park Parish Church (Scottish Charity No.
SC007427). The shares are held in trust by the Directors of The Park Centre.
17-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Unrestricted funds
The income funds of Ihe charity include the following designated funds which have been sel aside out of
unrestricted funds by the Directors for specific purposes=
At 1 April
2024
Income Expenditure
Transfers At 31 March
2025
General funds
44,660
44,682
{55,830)
{1,2011
32,311
Previous year:
At 1 April
2023
Income Expenditure
Transfers At 31 March
2024
General funds
55,835
33.316
(39,937)
(4,5541
44,660
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to spectfic conditions by donors as to how they may be used.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
Special Purchases Fund
50
(501
Previous year-
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
Special Purchases Fund
EDC- Winter Scheme
305
1,500
(3051
(1.5001
1,805
(1.8051
Purposes of Restricted Funds
Special Purchase Fund
Represents donations received with Ihe specific purpose of being spenl on special purchases and enhance
the charity's facilities and activities.
EDC Winter Connections Scheme
The EDC Winter Connections Scheme represents a grants received from East Dunbartonshire Council for the
purpose of running costs.. cleaning, staff, heating costs and insurance.
18-

THE PARK CENTRE (STRATHKELVIN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Analysis of net assets between funds
Unrestricted Unrestricted
funds
funds
general designated
2025
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsllliabililies)
10.960
(1,1481
10,960
31,163
32,311
32,311
9,812
42,123
Unrestricted Unrestricted
funds
funds
general designated
2024
2024
Totsl
2024
At 31 March 2024:
Tangible assets
Currenl assetsllliabililies)
12,896
195
12,896
44,855
44,660
44,660
13.091
57,751
20 Related party transactions
During the year. the following transactions took place with related parties=
Contact Point in Easl Dunbartonshire SCIO and St David's Memorial Park Parish Church are joinl
shareholders of The Park Centre Istrathkelvinl Limrted. Directors, Jenny Proctor and Christine Davis are
Truslees of Contact Point in East Dunbartonshire SCIO.
The charity signed a lease agreement on 1 November 1997 with the lessor, St. David's Memorial Park Parish
Church, for a twenty-five year lease on the property at 45 Kerr Street, Kirkintilloch. Per an agreement with Sl
David's Memorial Park Parish Church as outlined on page 3, no rent was payable for the first 25 years ending
on 31st December 2022. During the yearto 31 March 2025 £100 was paid (2024- £125).
John Maclaren, Director, received a salary of £24,843 in his capacity as Centre Manager (2024 - £23,956).
Chrisline Davis, Director, received a salary including redundancy of £2.610 in her capacity as Support
Assistant12024- £3,960).
19-