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2025-03-31-accounts

REGISTERED CHARITY NUMBER: SC031798

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for Common Wheel

Brett Nicholls Associates

Herbert House

24 Herbert Street Glasgow G20 6NB

Common Wheel

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 21

Common Wheel

Reference and Administrative Details for the Year Ended 31 March 2025

REGISTERED CHARITY NUMBER

SC031798

INDEPENDENT EXAMINER

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

BANKERS

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

Page 1

Common Wheel

Report of the Trustees for the Year Ended 31 March 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 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

Our vision is that people with mental illness in Glasgow are able to live a meaningful and satisfying life and contribute to society.

Our mission is to improve mental wellbeing, increase skills, reduce isolation, and challenge stigma, through the provision of supported meaningful activities for people with mental illness and dementia.

In the last year we refreshed and began implementing our revised 3 year strategic plan. Written with contributions from staff, volunteers, participants and partners, the aim of this year was to strengthen the organisation. We did this by focusing on increasing our generated income, diversifying our funding streams and strengthening our partnerships.

The funding landscape continues to be very challenging with competition for funds making it increasingly difficult to secure grant funding. We are grateful to those funders who support our work. Covid, Brexit, cost of living crisis, and funding cuts have created a perfect storm at a time where demand for our services is increasing.

As grant funding continues to be difficult to secure, we set about delivering a range of fundraising activities. These included the sale of T-shirts, mugs and patches with Common Wheel designs as well as bespoke Christmas cards made by our Carnival Club group. For the first time we launched a GoFundMe page with a target of £25K, we exceeded our target and are grateful to everyone for their generosity. Our participants and volunteers also got involved doing sponsored bike rides, putting on gigs and helping us to raise the profile of Common Wheel through sharing their stories and advocating for our work. With their help we have increased the range and quality of our social media content across our platforms.

We employed a part time bike engineer who helped us cover holidays and increase the capacity of the volunteers and bike staff to repair, build and service bikes as well as running our Build Your Own Bike (BYOB) course.

Our new bike only website will be launched in summer 2025. We have been busy building and testing a website which will create a better experience for our customers and help us to maximise our earned income.

To ensure that we could continue to provide sessions to those who needed it most, we shortened working hours, changed some responsibilities and optimised some of the activities we offered during the autumn and winter period, this enabled us to use our available income for the right activities, a thanks is due to our incredible team for their flexibility and enthusiasm in this period.

Once again, we have worked closely with our referral partners from NHS, Glasgow City Health and Social Care Partnership (HSCP) and third sector organisations but we have also worked with partners at Glasgow University and Glasgow Life to stage an exhibition of artwork and photography and Inspiring Scotland to host a music performance.

Showcasing the quality and diversity of our work is an excellent way to raise our profile, increase our referrals, share resources and challenge stigma.

Summary

Page 2

Common Wheel

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE Charitable activities

Activities

This year we ran activities across our four core projects: Bikes, Music, Visual Arts and Climbing.

Bikes

We have two purpose-built bike workshops in Maryhill and Bridgeton.

This year our two full time bike engineers were supported by a team of volunteers, all of whom previously took part as participants in BYOB. We also employed a part-time bike engineer for 9 months.

On our BYOB course, participants learn how to strip an old bike and rebuild it into one they can ride away to keep when finished. Highlights from this year include:

Music

This year we have focused our participatory music work in three areas: hospital wards, care homes and community work. Our music team was made up of two core staff members, a team of freelance musicians, a trainee and volunteers.

Care Homes

This year we worked with seven care homes in rotation to provide interactive, dementia focused music sessions. Highlights from this year include:

Mental Health Hospital Wards

We delivered participatory music sessions in wards at Gartnavel Royal, Vale of Leven, Blythswood House and Stobhill Hospitals.

We worked alongside our clinical colleagues to facilitate meaningful engagement and maximise the benefits and enjoyment for patients, staff and visitors.

Highlights from this year include:

Community Music

Our community music project continued running blocks of interactive music workshops for adults managing or recovering from mental illness who live in the community.

Highlights from this year include:

Make Music Make a Difference

Make Music Make a Difference continued to run this year for young people who experience complex mental illness and therefore face multiple barriers to mainstream opportunities.

Our primary partner and source of participant referrals is NHS Esteem, a specialist early intervention service for young people who have been diagnosed with a first episode of psychosis.

Highlights from this year include:

Page 3

Common Wheel

Report of the Trustees for the Year Ended 31 March 2025

Carnival Club

At our visual arts project, Carnival Club, participants worked with an artist to design and produce pieces of visual art which were then showcased across Glasgow.

Highlights from this year include:

Climbing

At our climbing project, participants learned from professional instructors how to boulder and rope climb whilst supported by Common Wheel staff and volunteers.

Regular sessions ran at the The Climbing Academy’s (TCA) Prop Store in Maryhill, along with visits to the Glasgow Climbing Centre, Above Adventure, Auchinstarry Quarry, and Neilston Quarry.

Highlights from this year include:

Other Highlights from the Year

‘Understood’

Outcomes

Research

This year our Make Music Make a Difference (MMMD) trainee completed her Masters in Psychological Studies at the University of Glasgow.

For her research project she investigated the experiences of individuals who participate in our community music group, focusing on the perceived impact on their wellbeing. The findings were highly positive.

She has presented her research at the Scottish postgraduate conference of the British Psychological Society and to a cohort of NHS clinical psychologists in Dumfries.

Page 4

Common Wheel

Report of the Trustees for the Year Ended 31 March 2025

Thank you to our Funders

GCVS- Glasgow Community Mental Health fund - for drop in activities Souter Charitable Trust - for music activities

UK Cyclist Club - for bikes Glasgow City Heritage Trust - for art and photography Foundation Scotland - for drop in activities Glasgow Communities Fund - for bikes, art, music and core cost Smarter Choices, Smarter Places - for bikes

Cycling Scotland - for bikes Scottish Mountaineering Trust - for climbing activities Merchant House - for music activities Zurich Community Trust - for music in carehomes and hospital Zurich Community Trust Sustainability fund - for gardening Garfield Weston - for bikes, music and arts activities NHS Endowment - for music in hospital The National Lottery Community Fund - for music activities Inspiring Scotland Creative Communities fund - for music, art and photography Impact Funders- volunteer support fund - for core costs

Special Thanks to

NHS Greater Glasgow and Clyde who provide office and music space on the Gartnavel Royal Hospital site, including IT, utilities and maintenance.

Everyone who donated to our GoFundMe and supported our fundraising efforts. Everyone who has donated bikes.

All our volunteers across all our projects. Climb Scotland for running outdoor climbing days and providing training opportunities for our volunteers. and the Dunbartonshire Concert Band.

All our participants who have taken part, supported us and helped to make Common Wheel a success.

And a further very special thanks to Dee and Richard, who resigned from the board of trustees during the year, but left a strong legacy and who continue to remain active supporters of the important work that Common Wheel does.

FINANCIAL REVIEW

Financial position

For the year ended 31 March 2025, the charity generated a surplus of £415 (2024: deficit of £45,895).

At 31 March 2025 reserves stood at £142,718 (2024: £142,303), with £77,622 (2024: £12,227) of these being unrestricted general reserves, £29,040 (2024: £91,165) being restricted reserves and £36,056 (2024: £38,911) being designated funds representing the book value of tangible fixed assets.

Principal funding sources

Trading income: £83,699 - 27% (2024: £65,272 -20%) Grants: £168,895 - 55% (2024: £249,678 - 76%) Donations and sponsored events: £54,314 - 18% (2024: £12,157 - 4%)

Reserves policy

It is the policy of the charity to maintain unrestricted funds (i.e. unrestricted funds not committed or invested in fixed assets) at a level that equates to approximately three months of expenditure excluding cost of sessional staff - currently approximately £70,000 (2024: £79,000). This is to enable the charity to meet fluctuations in receipts and payments, and makes provision for contingencies and risks. In particular the reserves provide some protection from inflation and from uncertainties in grant funding.

At 31 March 2025 unrestricted free reserves stood at £77,622 (2024: £12,227). The t rustees are aware that the policy is being met and funds in excess will be reinvested in the charity.

At the end of March 2025, the net current assets stood at £106,662 (2024: £103,392) of which unrestricted 'free reserves' amounted to £77,622. The remaining £29,040 is restricted funding received in advance for projects which are continuing in 2025-26.

Page 5

Common Wheel

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Reserves policy

The t rustees are keeping reserves under regular review during this dynamic period in order to make careful decisions about deploying, retaining or rebuilding reserves in the charity's best interests.

FUTURE PLANS

The board of t rustees and staff have met to begin to create the strategy document for the next 3 years. It is likely that some things from our previous document will be carried forward.

A more innovative, creative and inclusive mental health organisation

We will continue to listen to our participants to ensure we remain relevant and our activities are meeting their needs and matching their interests and aspirations.

We will learn from other organisations and work in partnership to deliver the best service we can.

A more visible, connected and agile organisation

We will continue to build on our recent achievements of a refreshed social media presence. We have reactivated our Twitter and Instagram accounts and created a new website. We have started to put together a social media strategy that will improve our visibility and ability to connect with others. We have appointed Mother Technologies as our IT support and will work closely with them to make our systems efficient and secure.

FUTURE PLANS

Improved Volunteer experience

We now have a better range of volunteer opportunities across all of our projects, we will continue to develop our volunteer programme.

A stronger and more resilient core infrastructure We continue to strengthen our IT functions. Our Finance Manager, Treasurer and Project Manager will continue to review and update our finance processes. Our fundraising and social media strategy will help us to manage our work to further strengthen our core infrastructure.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Until 30 March 2015 Common Wheel ('the charity') was a company limited by guarantee (No. SC220247) and a recognised Scottish charity (No. SC031798), governed by its Memorandum and Articles of Association. The company was incorporated on 14 June 2001.

As from 31 March 2015 Common Wheel converted to a Scottish Charitable Incorporated Organisation (SCIO) governed by a new Constitution. The charity number remains the same.

Accounting

As a SCIO with income above £250,000 we have prepared fully accrued accounts.

Recruitment and appointment of new trustees

New t rustees are appointed at the discretion of the Board. One third of the t rustees retire at each AGM but may be re-elected.

Organisational structure

The t rustees are responsible for the overall direction of the charity and serve voluntarily. Although the full board retains responsibility for key decisions, it is advised by sub-committees comprised of two or more board members and the relevant staff members. Current subcommittees are Music, Bikes, Premises.

Key Management Personnel

The key management personnel are the Project Manager and trustees.

Risk management

The t rustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 6

Report (rf Ihe TrotO•S lor th• Yw End•d 31 IAavth 21QS AJkYoveU ty onger of the b￿rd of Trijsrees on ...._. .. . .

Independent Examiner's Report to the Trustees of Common Wheel

I report on the accounts for the year ended 31 March 2025 set out on pages nine to twenty one.

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 I 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 :

have not been met; or

Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

Date: .............................................

Page 8

Common Wheel

Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
54,314
Charitable activities
6
Direct charitable activities
-
Other trading activities
4
83,699
Investment income
5
1,376
Total
139,389
EXPENDITURE ON
Raising funds
7
10,822
Charitable activities
8
Direct charitable activities
66,027
Total
76,849
NET INCOME/(EXPENDITURE)
62,540
RECONCILIATION OF FUNDS
Total funds brought forward
51,138
TOTAL FUNDS CARRIED FORWARD
113,678		 Restricted
funds
£
-
168,895
-
-
168,895
25,333
205,687
231,020
(62,125)
91,165
29,040		 2025
Total
funds
£
54,314
168,895
83,699
1,376
308,284
36,155
271,714
307,869
415
142,303
142,718		 2024
Total
funds
£
12,157
249,678
65,272
1,847
328,954
40,928
333,921
374,849
(45,895)
188,198
142,303

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 13. The notes on pages 11 to 21 form part of these financial statements.

Page 9

Balance Sheet 31 MYeh 2026 2QZO FIXED ASSETS Tarothle a&8ets 14 38,911 15 16 15,252 129.348 139.915 113.403 CREMRS Amounts falling due or 17 (33.253} {10.011) 11.662 loa. 14Z71a 142,303 14Z718 142.303 FUNDS 19 Gwal fvnd Des¥n•ted Fixthl Astel 12.227 36,911 36.056 113,678 51.138 29.0 91.185 TOTAL FUPIDS 142.718 142,J)3 191812025 aThY VEre SKj[￿ on its tthaw ty notss M pw 11 to 21 trm part oftl ffiwKial statrnnts PJfr 10

Common Wheel

Notes to the Financial Statements for the Year Ended 31 March 2025

1. GENERAL INFORMATION

Common Wheel (SCIO) ("the charity") is Scottish charitable incorporated organisation governed by its constitution. It was registered as a charity in Scotland (registered number SC031798) on 14 June 2001. Its registered address is

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:

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.

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

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

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.

Interest on funds held on deposit is included 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.

Page 11

continued...

Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Income

Income from government or other grants, whether 'capital' or 'revenue' grant, is recognised when the charity has entitlement to the fund, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can reliably measured and is not deferred.

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.

Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance

It is the policy of the trustees to capitalise any tangible fixed assets purchased where the cost exceeds £1,000.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Common Wheel 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.

3. DONATIONS AND LEGACIES

Donations
4.
OTHER TRADING ACTIVITIES
Sale and repair of bikes		 2025
£
54,314
2025
£
83,699		 2024
£
12,157
2024
£
65,272

Page 12

continued...

Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

5.
INVESTMENT INCOME
Interest receivable
6.
INCOME FROM CHARITABLE ACTIVITIES
Grants
Grants received, included in the above, are as follows:
Glasgow City Council
Hugh Fraser Foundation
Foundation Scotland
Glasgow Communities Fund
Impact Funding Partners - Volunteering Support Fund
NHS Endowment
The National Lottery Community Fund
Inspiring Scotland
Rank Foundation - Time to Shine
Corra Foundation
National Lottery Community Fund - Awards For All
Zurich Community Trust
GCVS - Mental Health and Wellbeing Fund
Cycling Scotland
Scottish Mountaineering Trust
Northwick Trust
GL Events
Other small grants
Smarter Choices
Agnes Hunter Trust
Garfield Weston
Cycling UK
7.
RAISING FUNDS
Other trading activities
Bike spares/consumables		 2025
£
1,376
2025
£
168,895
2025
£
-
-
5,000
34,474
12,000
1,200
-
15,815
-
-
-
17,000
10,466
6,359
10,000
-
-
8,101
22,500
-
20,000
5,980
168,895
2025
£
36,155		 2024
£
1,847
2024
£
249,678
2024
£
5,210
5,000
-
34,474
13,000
16,800
32,857
31,631
13,320
6,000
10,000
27,750
-
3,500
9,753
5,000
10,400
7,483
7,500
10,000
-
-
249,678
2024
£
40,928

Page 13

continued...

Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8. CHARITABLE ACTIVITIES COSTS

Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
Direct charitable activities
268,371
3,343		 Totals
£
271,714

In the year ended 31 March 2024, project costs of £15,229 relating to charitable activities were included in raising costs relating to other trading activities.

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Project expenses
Insurance
Light and heat
Telephone and broadband
Postage and stationary
Sundries
Rent
Subscriptions
Water rates
Professional fees
Training costs
Computer and software
Sessional staff
Repairs
Depreciation
10.
SUPPORT COSTS
Independent examination
Bank charges		 2025
£
194,733
13,763
1,808
3,714
1,665
977
2,847
10,152
666
1,157
-
200
4,044
29,790
-
2,855
268,371
2025
£
2,040
1,303
3,343		 2024
£
219,461
15,229
2,195
4,632
1,221
1,288
4,553
10,474
334
990
360
532
4,669
58,554
3,502
2,855
330,849
2024
£
2,040
1,032
3,072

Page 14

continued...

Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 2025
£
182,386
8,639
3,708
194,733
2025
10		 2024
£
203,091
11,938
4,432
219,461
2024
9

The total benefits for the Project Manager for the year ended 31 March 2025 were £28,760 (2024: £42,542). The reduction reflects the decision of the post holder to move to a part-time contract.

No employees received emoluments in excess of £60,000.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
12,157
-
Charitable activities
Direct charitable activities
7,800
241,878
Other trading activities
65,272
-
Investment income
1,847
-
Total
87,076
241,878
EXPENDITURE ON
Raising funds
2,019
38,909
Charitable activities
Direct charitable activities
150,242
183,679
Total
152,261
222,588
NET INCOME/(EXPENDITURE)
(65,185)
19,290
RECONCILIATION OF FUNDS
Total funds brought forward
116,323
71,875
TOTAL FUNDS CARRIED FORWARD
51,138
91,165		 Total
funds
£
12,157
249,678
65,272
1,847
328,954
40,928
333,921
374,849
(45,895)
188,198
142,303

Page 15

continued...

Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. TANGIBLE FIXED ASSETS

14.
TANGIBLE FIXED ASSETS
Improvements
to
Plant and
property
machinery
£
£
COST
At 1 April 2024 and 31 March 2025
71,371
5,144
DEPRECIATION
At 1 April 2024
32,460
5,144
Charge for year
2,855
-
At 31 March 2025
35,315
5,144
NET BOOK VALUE
At 31 March 2025
36,056
-
At 31 March 2024
38,911
-
15.
STOCKS
2025
£
Stock
9,992
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
-
Prepayments
577
577
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
4,885
3,256
688
21,610
2,814
33,253
Trade creditors
Social security and other taxes
Pension creditor
Deferred income
Accrued expenses		 Totals
£
76,515
37,604
2,855
40,459
36,056
38,911
2024
£
15,252
2024
£
4,200
92
4,292
2024
£
2,658
4,044
806
-
2,503
10,011

Deferred income comprises income received for projects which commenced after March 2025 and which Common Wheel was not entitled to in the year to 31 March 2025.

2025 2024
£ £
At 1 April - -
Deferred in year 21,610 -
Released in year - -
At 31 March 21,610 -

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continued...

Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
36,056
-
Current assets
110,875
29,040
Current liabilities
(33,253)
-
113,678
29,040		 2025
Total
funds
£
36,056
139,915
(33,253)
142,718		 2024
Total
funds
£
38,911
113,403
(10,011
142,303

Comparatives for analysis of net assets between funds

2024 2023
Unrestricted
Restricted		 Total Total
funds funds funds funds
£ £ £ £
Fixed assets 38,911 - 38,911 41,766
Current assets 22,238 91,165 113,403 156,486
Current liabilities (10,011) - (10,011) (10,054)
51,138 91,165 142,303 188,198

19. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated Fixed Asset
Restricted funds
Hugh Fraser Foundation
NHS Endowment
The National Lottery Community Fund
Inspiring Scotland
Nationall Lottery Community Fund - Awards
For All
Zurich Community Trust
GCVS - Glasgow Community Mental Health
and Wellbeing Fund
Scottish Mountaineering Trust
Other small grants
Agnes Hunter Trust
Garfield Weston
TOTAL FUNDS		 Net
movement
At 1/4/24
in funds
£
£
12,227
65,395
38,911
(2,855)
51,138
62,540
5,000
(5,000)
16,800
(16,800)
31,292
(31,292)
9,375
(9,375)
7,994
(7,994)
7,950
(5,966)
-
6,439
7,310
314
2,882
(2,882)
2,562
(2,562)
-
12,993
91,165
(62,125)
142,303
415		 At
31/3/25
£
77,622
36,056
113,678
-
-
-
-
-
1,984
6,439
7,624
-
-
12,993
29,040
142,718

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Fixed Asset
Restricted funds
Foundation Scotland
Hugh Fraser Foundation
NHS Endowment
Glasgow Communities Fund
Impact Funding Partners - Volunteering
Support Fund
The National Lottery Community Fund
Inspiring Scotland
Nationall Lottery Community Fund - Awards
For All
Zurich Community Trust
UK Cyclist Club
GCVS - Glasgow Community Mental Health
and Wellbeing Fund
Cycling Scotland
Scottish Mountaineering Trust
Other small grants
Smarter Choices
Agnes Hunter Trust
Garfield Weston
Cycling UK
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
139,389
(73,994)
65,395
-
(2,855)
(2,855)
139,389
(76,849)
62,540
5,000
(5,000)
-
-
(5,000)
(5,000)
1,200
(18,000)
(16,800)
34,474
(34,474)
-
12,000
(12,000)
-
-
(31,292)
(31,292)
15,815
(25,190)
(9,375)
-
(7,994)
(7,994)
17,000
(22,966)
(5,966)
4,000
(4,000)
-
10,466
(4,027)
6,439
6,359
(6,359)
-
10,000
(9,686)
314
8,101
(10,983)
(2,882)
22,500
(22,500)
-
-
(2,562)
(2,562)
20,000
(7,007)
12,993
1,980
(1,980)
-
168,895
(231,020)
(62,125)
308,284
(307,869)
415

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Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Fixed Asset
Restricted funds
Hugh Fraser Foundation
NHS Endowment
The National Lottery Community Fund
Inspiring Scotland
Rank Foundation - Time to Shine
Nationall Lottery Community Fund - Awards
For All
Anonymous Trust
Zurich Community Trust
Shift from Cycling UK
UK Cyclist Club
GCVS - Glasgow Community Mental Health
and Wellbeing Fund
Scottish Mountaineering Trust
Other small grants
Agnes Hunter Trust
TOTAL FUNDS		 Net
movement
At 1/4/23
in funds
£
£
78,089
(65,185)
38,234
-
116,323
(65,185)
-
5,000
12,185
4,615
26,035
5,257
-
9,375
8,739
(8,739)
-
7,994
576
(576)
13,935
(5,985)
2,000
(2,000)
355
(355)
8,050
(8,050)
-
7,310
-
2,882
-
2,562
71,875
19,290
188,198
(45,895)		 Transfers
between
funds
£
(677)
677
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At
31/3/24
£
12,227
38,911
51,138
5,000
16,800
31,292
9,375
-
7,994
-
7,950
-
-
-
7,310
2,882
2,562
91,165
142,303

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Common Wheel

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19.

MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Glasgow City Council
Hugh Fraser Foundation
NHS Endowment
Glasgow Communities Fund
Impact Funding Partners - Volunteering
Support Fund
The National Lottery Community Fund
Inspiring Scotland
Rank Foundation - Time to Shine
Nationall Lottery Community Fund - Awards
For All
Anonymous Trust
Zurich Community Trust
Shift from Cycling UK
UK Cyclist Club
GCVS - Glasgow Community Mental Health
and Wellbeing Fund
Cycling Scotland
Scottish Mountaineering Trust
Northwick Trust
GL Events
Other small grants
Smarter Choices
Agnes Hunter Trust
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
87,076
(152,261)
(65,185)
5,210
(5,210)
-
5,000
-
5,000
16,800
(12,185)
4,615
34,474
(34,474)
-
13,000
(13,000)
-
32,857
(27,600)
5,257
31,631
(22,256)
9,375
13,320
(22,059)
(8,739)
10,000
(2,006)
7,994
-
(576)
(576)
25,950
(31,935)
(5,985)
-
(2,000)
(2,000)
-
(355)
(355)
-
(8,050)
(8,050)
3,500
(3,500)
-
9,753
(2,443)
7,310
5,000
(5,000)
-
10,400
(10,400)
-
7,483
(4,601)
2,882
7,500
(7,500)
-
10,000
(7,438)
2,562
241,878
(222,588)
19,290
328,954
(374,849)
(45,895)

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

21. PURPOSE OF FUNDS

Glasgow Communities Fund: represents funding for staff costs.

National Lottery Awards for All Scotland: represents funding for climbing.

Impact Funding Partners Volunteering Support Fund: represents funding for staff costs and overheads for our new Volunteer Programme.

The National Lottery Community Fund: represents funding for the Esteem project (Make Music Make a Difference).

NHS Greater Glasgow & Clyde: represents funding for Mental Health Anti-Stigma funding for Carnival Club activities.

GCVS -Glasgow Communities Health and Wellbeing Fund: represents funding for salaries.

Zurich Community Trust: represents funding for music activities in hospital and care homes.

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. PURPOSE OF FUNDS - continued

NHS Endowments: represents funding for music activities at Gartnavel Royal Hospital.

Agnes Hunter Trust: contribution to salary for Participation and Volunteering Coordinator.

Scottish Mountaineering Trust: contribution to salary for Climbing Coordinator.

Inspiring Scotland: funding towards cost of a block each of carnival club, music, photography and an exhibition of works.

Hugh Fraser Foundation: represents funding towards costs of Build Your Own Bike project.

Cycling Scotland: funding for costs of Build Your Own Bike project.

Northwick Trust: contribution towards bike engineer salaries.

GL events: represents funding for costs towards an event to celebrate UCI cycling championships.

Smarter Choices: funding for costs of Build Your Own Bike project.

Foundation Scotland: funding for music activities.

Garfield Weston: funding for climbing, music, art and bike building for young people.

Page 21