**REGISTERED COMPANY NUMBER: SC216172 (Scotland) REGISTERED CHARITY NUMBER: SC031160**
**Report of the Trustees and Cessation Financial Statements for the Period 1 April 2024 to 31 July 2025**
**for**
## **Flourish House**
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
**Flourish House**
## **Contents of the Financial Statements for the Period 1 April 2024 to 31 July 2025**
||**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 17|
**Flourish House**
**Reference and Administrative Details for the Period 1 April 2024 to 31 July 2025**
**TRUSTEES** Colin Neil Rutherford Chairperson (resigned 15.12.25) Leah Middleton Treasurer Anthony Kelly (resigned 11.12.24) Stephen Mclellan (resigned 15.12.25) Peter O'Hagan (resigned 25.3.25) Neil Patterson (resigned 25.3.25) Nicholas Hogg (resigned 25.3.25) Costance Young (resigned 25.3.25) Stuart Campbell (resigned 3.2.25) Mary Hanratty (resigned 8.9.25) **REGISTERED OFFICE** 23-25 Ashley Street Glasgow G3 6DR **REGISTERED COMPANY NUMBER** SC216172 (Scotland) **REGISTERED CHARITY NUMBER** SC031160 **INDEPENDENT EXAMINER** David Nicholls FCCA Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB **BANKERS** Bank of Scotland 253 Sauchiehall Street Glasgow G2 3EY **SOLICITORS** Burness Paull Solicitors 242 West George Street Glasgow G2 4QY
Page 1
**Flourish House**
## **Report of the Trustees for the Period 1 April 2024 to 31 July 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 April 2024 to 31 July 2025. 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**
Flourish House exists to support adults experiencing mental ill-health by providing a community-based, recovery-focused programme aimed at reducing social isolation, improving wellbeing, and developing skills for independent living and employment.
## **Main Activities**
During the year, Flourish House continued to deliver its core services, including:
- A clubhouse-model community offering meaningful daily activities
- Peer support groups
- Wellbeing programmes and social inclusion activities
- Vocational training and supported employment initiatives
All activities were undertaken to further our charitable purposes and deliver public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Despite ongoing sector pressures, Flourish House continued to serve members effectively, achieving the following during the year:
- Supported over 200 members through regular engagement in activity
- Delivered over 300 wellbeing, skills, learning and social activities
- Formed a new partnership with Enable, to deliver employability supports
- Continued advocacy and support to members, in particular to manage health matters and welfare benefits issues.
Feedback from members and partners continued to indicate strong positive outcomes and high satisfaction with services.
The Trustees wish to express their deep gratitude to all stakeholders and funders who have supported Flourish House since its creation in 2001; to the dedicated staff who have contributed their skills and compassion throughout its history; and to the members whose involvement has made Flourish House such a unique and inspiring organisation. The Trustees also extend sincere thanks to the Glasgow Association for Mental Health (GAMH) for their invaluable support during and beyond the merger process.
## **Merger and Transfer of Assets**
During the year, the Trustees undertook a strategic review to ensure the long-term sustainability of Flourish House and continuity of support for its members. Following extensive consideration, consultation, and due diligence, the Board resolved that a merger with the Glasgow Association for Mental Health (GAMH) would best secure the future of the organisation’s services.
## Rationale for Merger
- Alignment of mission and values between Flourish House and GAMH
- Increased capacity for service delivery and development
- Reduction of administrative and financial overhead
- Enhanced resilience within a challenging funding environment
## Transfer Process
On 1st April 2025, all assets, liabilities, staff, and ongoing service commitments of Flourish House were formally transferred to the Glasgow Association for Mental Health.
## Key steps included:
- Execution of an Asset Transfer Agreement
- Transfer of charitable activities and service contracts
- TUPE transfer of staff
- Communication with members, stakeholders, and regulators
- Formal notification to Companies House and OSCR
## **Outcome**
The transfer ensures continuity of support for all Flourish House members within the broader infrastructure of GAMH. Flourish House has ceased independent operations following the transfer.
Page 2
## Flourish House
## Report of the Trustees
## for the Period 1 April 2024 to 31 July 2025
## FINANCIAL REVIEW
## Financial position
Income for the year totalled £348,365 (2024: £710,489), with expenditure of £1,086,200 (2024: £389,794), resulting in deficit of -£737,835 (2024: £320,695).
## Reserves
Prior to the merger, Flourish House held reserves of £535,660, all of which were transferred to GAMH as part of the asset transfer process.
## Principal funding sources
The primary source of income for the organisation was derived from a contract with the Glasgow City Health and Social Care Partnership (HSCP) which ended in July 2025. No Invitation to Tender (ITTs) was issued.
Over the course of the year, financial support was provided by Glasgow City Council Area Partnership Fund and the Scottish Government Mental Health and Wellbeing Fund.
## Going concern
As Flourish House transferred all operations and assets to GAMH, the charity will not continue as a going concern. The financial statements have therefore been prepared on a basis consistent with closure and transfer.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The organisation is a charitable company limited by guarantee, incorporated on 26th February 2001 and registered as a charity on 21st March 2001. The company was established under a Memorandum of Association, which established the objects and powers of the company, and is governed under its Articles of Association.
## Recruitment and appointment of new trustees
Trustees are appointed in accordance with the governing document. New Trustees are recruited based on skills needed to support the organisation’s mission and are provided with induction and training relevant to their duties.
## Organisational structure
Day-to-day operations were managed by the Chief Executive Officer, with oversight from the Board of Trustees, who met regularly throughout the financial year.
## Key management remuneration
In the opinion of the trustees there are four members of key management; the CEO & management. This post was paid a gross salary of £133,606 during the year to 31 July 2025 (2024: £133,221).
## CESSATION OF TRADING
The charitable company ceased activities on 31 July 2025. Approved by order of the board of trustees on Mt LR 12228. and signed on its behalf by:
**----- Start of picture text -----**
bomb. Velbltan
**----- End of picture text -----**
Leah Middleton - Trustee
Page 3
Independent Examiner's Report to the Trustees of
## Flourish House
| report on the accounts for the period 1 April 2024 to 31 July 2025 set out on pages five to seventeen.
## Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts. Independent examiner's statement
In connection with my examination, no matter has come to my attention :
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Nicholls FCCA
Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates
Herbert House 24 Herbert Street Glasgow G20 6NB Date:se ; G
**----- Start of picture text -----**
Page 4
**----- End of picture text -----**
**Flourish House**
**Statement of Financial Activities for the Period 1 April 2024 to 31 July 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Support for people living with severe and
enduring mental health conditions.
Other trading activities
3
Investment income
4
Other income
6
**Total**
**EXPENDITURE ON**
Raising funds
7
**Charitable activities**
8
Support for people living with severe and
enduring mental health conditions.
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**£**
16,938
323,340
4,214
721
-
345,213
-
1,023,797
1,023,797
(678,584)
678,584
-|**Restricted**
**funds**
**£**
3,152
-
-
-
-
3,152
-
62,403
62,403
(59,251)
59,251
-|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**Total**
**Total**
**funds**
**funds**
**as restated**
**£**
**£**
20,090
132,114
323,340
319,906
4,214
2,471
721
543
-
255,455
348,365
710,489
-
2,033
1,086,200
387,761
1,086,200
389,794
(737,835)
320,695
737,835
417,140
-
737,835|
|---|---|---|---|
This statement of financial activities includes all gains and losses recognised in the year.
Comparative figures for the previous year by fund type are shown in Note 14.
The notes on pages 7 to 17 form part of these financial statements.
Page 5
Flourish House
Balance Sheet 31 July 2025
|||2025||2024|
|---|---|---|---|---|
|||||as restated|
||Notes|£||£|
|FIXEDASSETS|||||
|Tangible assets|16||-|179,149|
|CURRENT ASSETS|||||
|Debtors|17||-|280,086|
|Cash at bank and in hand|||-|295,795|
||||-|575,881|
|CREDITORS|||||
|Amounts falling due within one year|18||-|(17,195)|
|NETCURRENTASSETS|||-|558,686|
|TOTAL ASSETS LESS CURRENT LIABILITIES|||-|737,835|
|NETASSETS|||-|737,835|
|FUNDS|21||||
|Unrestricted funds:|||||
|General fund|||-|473,265|
|Fixed Assets|||-|179,149|
|Future Property Works|||-|10,222|
|Memberships
Fundraising|||-
-|4,435
11,513|
||||-|678,584|
|Restricted funds|||-|59,251|
|TOTALFUNDS|||-|737,835|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on KAA) ADAG... and were signed on its behalf by:
Leah Middleton - Trustee
The notes on pages 7 to 17 form part of these financial statements
Page 6
**Flourish House**
**Notes to the Financial Statements for the Period 1 April 2024 to 31 July 2025**
## **1. ACCOUNTING POLICIES**
## **General information**
Flourish House is a Scottish company limited by guarantee and governed by its articles of association. It was registered as a charity in Scotland (registered number SC031160) on 21[st] March 2001. Its registered address is 23-25 Ashley Street, Glasgow, G3 6DR.
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
- the Charities and Trustee Investment (Scotland) Act 2005;
- Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
- the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
- 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in October 2019 (FRS 102)' ("the Charities SORP"); - UK Generally Accepted Accounting Practice; and
- the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Office & Other Equipment - 15% on cost Motor vehicles - 25% on cost
## **Taxation**
Flourish House 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.
Page 7
continued...
**Flourish House**
**Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **1. ACCOUNTING POLICIES - continued**
## **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 charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Cash at bank and cash 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.
## **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.
## **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.
## **Going Concern**
As Flourish House transferred all operations and assets to GAMH, the charity will not continue as a going concern. The financial statements have therefore been prepared on a basis consistent with closure and transfer.
## **2. DONATIONS AND LEGACIES**
|**Unrestricted**
**funds**
**£**
Donations
4,750
Memberships
-
Grants
12,188
16,938|**Restricted**
**funds**
**£**
-
-
3,152
3,152|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
4,750
10,525
-
76
15,340
121,513
20,090
132,114|
|---|---|---|
Page 8
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|The National Lottery
Bank of Scotland Invest
Other trusts and small grants
Glasgow Mental Health and Wellbeing Fund
Glasgow City Council
Hutchesons Education Trust
The Wood Foundation
Mary Andrew Trust
Ronald Miller Foundation
**3.**
**OTHER TRADING ACTIVITIES**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fundraising events
4,214
-
**4.**
**INVESTMENT INCOME**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Bank Interest
721
-|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**£**
**£**
-
71,687
-
32,844
6,688
8,020
-
8,962
3,152
-
500
-
2,500
-
1,000
-
1,500
-
15,340
121,513
**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
4,214
2,471
**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
721
543|
|---|---|
Page 9
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|**Activity:**Support for people living with severe and enduring mental health conditions.
Greater Glasgow Health Board
Cafe Income
Student Placements
Programme
Partner Fees
Stepping Stones|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**£**
**£**
285,000
300,000
18,724
17,006
2,440
2,900
11,000
-
5,024
-
1,152
-
323,340
319,906|
|---|---|
## **6. OTHER INCOME**
|**Unrestricted**
**funds**
**£**
Other Income
-
Strathclyde Pension Fund
-
-
**RAISING FUNDS**
**Raising donations and legacies**
**Unrestricted**
**funds**
**£**
Events and Promotions
-|**Restricted**
**funds**
**£**
-
-
-
**Restricted**
**funds**
**£**
-|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
-
4,862
-
250,593
-
255,455
**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
-
2,033|
|---|---|---|
## **7. RAISING FUNDS**
## **Raising donations and legacies**
Page 10
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **8. CHARITABLE ACTIVITIES COSTS**
|**8.**
**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
|Support for people living with severe
and enduring mental health conditions.
**9.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**|**Direct**
**Costs (see**
**note 9)**
**£**
975,420|**Support**
**costs (see**
**note 10)**
**£**
110,780|**Totals**
**£**
1,086,200|
|||||
|Staff costs
Rates and water
Insurance
Light and heat
Telephone
Events and Promotions
Repairs and Maintenance
Vehicle Expenses
Bank charges
Travel & subsistence
Legal and Professional Fees
Cleaning Costs
Other office costs
Cafe Expenses
Wellbeing Expenses
Social Events
IT Support
Subscriptions
Donation to Courtyard Pantry
Donation to GAMH
Depreciation|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**£**
**£**
236,199
222,456
3,098
2,119
11,423
5,615
16,693
14,818
6,492
6,804
280
-
6,079
13,324
3,882
2,387
273
156
3,296
958
24,162
1,957
3,080
2,518
9,048
6,882
16,509
14,458
8,804
2,298
3,160
1,394
233
1,332
5,475
2,675
75,000
5,000
535,660
-
6,574
6,574
975,420
313,725|
|---|---|
Page 11
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **10. SUPPORT COSTS**
|**SUPPORT COSTS**|||
|---|---|---|
|Wages
Audit Fee
Independent Examination Fee|Period
1/4/24
to
Year Ended
31/7/25
31/3/24
as restated
**£**
**£**
108,080
69,836
-
4,200
2,700
-
110,780
74,036||
|||74,036|
## **11. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**Period**||
|---|---|---|
||**1/4/24**||
||**to**|**Year Ended**|
||**31/7/25**|**31/3/24**|
|||**as restated**|
||**£**|**£**|
|Depreciation - owned assets|6,574|6,574|
## **12. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 July 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 July 2025 nor for the year ended 31 March 2024.
## **13. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
**£**
**£**
316,351
244,188
22,804
21,687
5,124
26,417
344,279
292,292|
|---|---|
Page 12
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **13. STAFF COSTS - continued**
The average monthly number of employees during the period was as follows:
|
Office and Project Staff
No employees received emoluments in excess of £60,000.
**14.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**funds**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
51,465
**Charitable activities**
Support for people living with severe and
enduring mental health conditions.
319,906
Other trading activities
2,471
Investment income
543
Other income
255,455
**Total**
629,840
**EXPENDITURE ON**
Raising funds
2,033
**Charitable activities**
Support for people living with severe and
enduring mental health conditions.
311,151
**Total**
313,184
**NET INCOME**
316,656
**RECONCILIATION OF FUNDS**
Total funds brought forward
361,928
**TOTAL FUNDS CARRIED FORWARD**
678,584|**Period**
**1/4/24**
**to**
**Year Ended**
**31/7/25**
**31/3/24**
**as restated**
12
18
**Restricted**
**Total**
**funds**
**funds**
**as restated**
**£**
**£**
80,649
132,114
-
319,906
-
2,471
-
543
-
255,455
80,649
710,489
-
2,033
76,610
387,761
76,610
389,794
4,039
320,695
55,212
417,140
59,251
737,835|
|---|---|
Page 13
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **15. PRIOR YEAR ADJUSTMENT**
During the course of the Independent Examination, it was discovered that the charity was entitled to income from Strathclyde Pension Fund of £250,593 in the 2023/24 year. This arose due to the charity’s share of the obligations of the fund being in a net asset position at the time of cessation and exit from the fund, confirmed on 28 June 2024. This has been recognised in the prior year and held in the balance sheet as accrued income.
The total effect of this adjustment was to increase income and unrestricted reserves by £250,593.
## **16. TANGIBLE FIXED ASSETS**
|**Office &**
**Freehold**
**Other**
**property**
**Equipment**
**£**
**£**
**COST**
At 1 April 2024
328,707
140,545
Disposals
(328,707)
(140,545)
At 31 July 2025
-
-
**DEPRECIATION**
At 1 April 2024
149,558
140,545
Charge for year
6,574
-
Eliminated on disposal
(156,132)
(140,545)
At 31 July 2025
-
-
**NET BOOK VALUE**
At 31 July 2025
-
-
At 31 March 2024
179,149
-
**17.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Accrued Income
Prepayments
**18.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Pension Fund
PAYE and NIC
Credit Card
Accrued expenses|**Motor**
**vehicles**
**£**
38,736
(38,736)
-
38,736
-
(38,736)
-
-
-
**2025**
**a**
**£**
-
-
-
-
**2025**
**a**
**£**
-
-
-
-
-
-|**Totals**
**£**
507,988
(507,988)
-
328,839
6,574
(335,413)
-
-
179,149
**2024**
**s restated**
**£**
866
275,593
3,627
280,086
**2024**
**s restated**
**£**
4,982
2,758
4,789
232
4,434
17,195|
|---|---|---|
||||
||||
||||
||||
||||
||||
||||
|||**s**|
Page 14
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **19. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
**20.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
-
-
Current assets
-
-
Current liabilities
-
-
-
-
**Comparatives for analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
179,149
-
Current assets
516,630
59,251
Current liabilities
(17,195)
-
678,584
59,251
**21.**
**MOVEMENT IN FUNDS**
**At 1/4/24**
**£**
**Unrestricted funds**
General fund
473,265
Fixed Assets
179,149
Future Property Works
10,222
Memberships
4,435
Fundraising
11,513
678,584
**Restricted funds**
The National Lottery
51,386
Glasgow Mental Health and Wellbeing
Fund
7,865
59,251
**TOTAL FUNDS**
737,835|**2025**
**a**
**£**
-
-
-
**2025**
**a**
**Total**
**funds**
**£**
-
-
-
-
**2024**
**Total**
**funds**
**£**
179,149
575,881
(17,195)
737,835
**Net**
**movement**
**in funds**
**£**
(473,265)
(179,149)
(10,222)
(4,435)
(11,513)
(678,584)
(51,386)
(7,865)
(59,251)
(737,835)|**2024**
**s restated**
**£**
1,727
431
2,158
**2024**
**s restated**
**Total**
**funds**
**£**
179,149
575,881
(17,195)
737,835
**2023**
**Total**
**funds**
**£**
185,723
249,678
(18,261)
417,140
**At**
**31/7/25**
**£**
-
-
-
-
-
-
-
-
-
-|
|---|---|---|
Page 15
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **21. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Fixed Assets
Future Property Works
Memberships
Fundraising
**Restricted funds**
The National Lottery
Glasgow Mental Health and Wellbeing
Fund
Garden Improvement
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Fixed Assets
Future Property Works
Memberships
Fundraising
**Restricted funds**
The National Lottery
Glasgow Mental Health and Wellbeing
Fund
**TOTAL FUNDS**||**Incoming**
**resources**
**£**
345,213
-
-
-
-
345,213
-
-
3,152
3,152
348,365
**At 1/4/23**
**£**
151,143
185,723
10,222
3,327
11,513
361,928
55,212
-
55,212
417,140|**Resources**
**expended**
**£**
(818,478)
(179,149)
(10,222)
(4,435)
(11,513)
(1,023,797)
(51,386)
(7,865)
(3,152)
(62,403)
(1,086,200)
**Net**
**movement**
**in funds**
**£**
322,122
(6,574)
-
1,108
-
316,656
(3,826)
7,865
4,039
320,695|**Movement**
**in funds**
**£**
(473,265)
(179,149)
(10,222)
(4,435)
(11,513)
(678,584)
(51,386)
(7,865)
-
(59,251)
(737,835)
**At**
**31/3/24**
**£**
473,265
179,149
10,222
4,435
11,513
678,584
51,386
7,865
59,251
737,835|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
Page 16
continued...
**Flourish House**
## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 July 2025**
## **21. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Fixed Assets
Memberships
**Restricted funds**
The National Lottery
Glasgow Mental Health and Wellbeing
Fund
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
627,369
(305,247)
322,122
-
(6,574)
(6,574)
2,471
(1,363)
1,108
629,840
(313,184)
316,656
71,687
(75,513)
(3,826)
8,962
(1,097)
7,865
80,649
(76,610)
4,039
710,489
(389,794)
320,695|
|---|---|
## **22.**
## **RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 July 2025.
## **23. PURPOSES OF UNRESTRICTED FUNDS**
General Funds - The unrestricted 'free reserves' of the Charity
Designated Fixed Assets - Represents the net book value of the charity's tangible fixed assets
Future Property Works- this property reserves represents amounts designated towards future capital improvements. The tangible fixed assets designated fund represents the amount of the charity's funds tied up in fixed assets.
Memberships- the company membership fees
Fundraising- the Flourish House fundraising budget is made up of monies generated through events and activities organised by staff and members throughout the year.
## **24. PURPOSES OF RESTRICTED FUNDS**
The National Lottery- a grant to fund the employment of the two development workers to support the beneficiaries
Glasgow Mental Health and Wellbeing Fund- a grant towards the charity allotment project
Page 17