2025-04-30-accounts

			Page
Trustees' annual report (incorporating the director's report			1
Independent	examiner's report t o the trustees		10
Statement of fnancial activities (including income and
expenditure	account)
Statement of	financial position
Notes t o the	fnancial statements		14
The following	pages do not form part of the fnancial	statements
Detailed statement of fnancial activities			22
Notes t o the	detailed statement o f fnancial activities		2 3

									2025		2024
								Unrestricted	Restricted
								funds	funds	Total funds	Total funds
							Note
Income and		endowments
Grants								88,100		88,100	49,696
Charitable activities								34,982		34,982	28,594
Investment	income						7	120		120	130
Total income								123,202		123,202	78,420
Expenditure
Expenditure		on	charitable		activities		8,9	123,907		123,907	140,930
Total expenditure								123,907		123,907	140,930
Net expenditure			and net		movement	in
funds								(705)	-	(705)	(62,510)
									-
Reconciliation			of funds
Total funds	brought			forward				37,873	9,000	46,873	109,383
Total funds		carried		forward				37,168	9,000	46,168	46,873

					2025		2024
Fixed assets				Note	€
Tangible fixed assets				14		2,496	3,760
Current assets
Debtors Cash at bank and in	hand			15	1,667 51,031		1,689 48,321
					52,698		50,010
Creditors: amounts	falling	due within	one year	16	9,026		6,897
Net current assets						43,672	43,113
Total assets less current		liabilities				46,168	46,873
Net assets
						46,168	46,873
Funds of the charity Restricted funds
Unrestricted funds						9,000	9,000
Total charity funds				18		37,168 46,168	37,873 46,873

	Unrestricted	Total	Funds	Unrestricted	Total	Funds
	Funds		2025	Funds		2024
			€
Donations
Donations	5,351		5,351	7,193		7,193

						Unrestricted	Total Funds	Total Funds	Unrestricted	Total Funds	Total Funds
						Funds		2025	Funds		2024
								E
	Grants
	Creative Scotland Open Fund Other Grants Culture & Sport Glasgow					79,749 3,000		79,749 3,000	38,310 4,193		38,310 4,193
						88,100		88,100	49,696		49,696
6.	Charitable	activities
						Unrestricted	Total	Funds	Unrestricted	Total	Funds
						Funds		2025	Funds		2024
								€
	Studio rental		income			34,982		34,982	28,594		28,594
7.	Investment	income
						Unrestricted	Total	Funds	Unrestricted	Total	Funds
						Funds		2025	Funds		2024
	Bank interest receivable.					120		120	130		130
8.	Expenditure		o n charitable		activities	b y fund type
						UnrestrictedTotal		Funds	Unrestricted	Total	Funds
						Funds		2025	Funds		2024
	Gallery and Events Support costs					90,257 33,650		90,257 33,650	102,733 38,197	102,733 38,197
						123,907		123,907	140,930	140,930
9.	Expenditure		on charitable		activities	b y activity type
						Activities
						undertaken			Total funds	Total fund
						directly	Support costs		2025		2024
	Gallery and	Events				90,257		33,650	123,907	140,930
10.	Net expenditure
	Net expenditure is stated after charging/(crediting):
									2025		2024
	Depreciation		o f tangible	fxed	assets				1,264		1,085

	2025	2024
Fees payable to the independent examiner for:
Independent examination of the financial statements	1,240	1,500

	2025		2024
Management	No.		No.
Administration
		3	3

	Land and	Fixtures	and
	buildings	fttings		Equipment	Total
Cost					€
At 1 May 2024 and 30 April 2025	1,736		865	7,936	10,537
Depreciation
At 1 May 2024 Charge for the year	1,361 94		735 -	4,681 1,170	6,777 1,264
A t 3 0 April 2025	1,455		735	5,851	8,041
Carrying amount
At 3 0 April 2025	281		130	2,085	2,496
At 30 April 2024	375		130	3,255	3,760

					2025	2024
	Other debtors - Rental deposit				1,667	1,667
	Other debtors					2 2
					1,667	1,689
16.	Creditors: amounts	falling	due within	one year
					2025	2024
	Trade creditors				2,397	2,397
	Accruals and deferred income				3,940	4,500
	Social security and other taxes				2,689
					9,026	6,897

Unrestricte	d funds
		At			At
		1 May 2024	Income	Expenditure	30 April 2025
General funds		37,873	123,202	(123,907)	€ 37,168
		At
		1 May 2023	Income	Expenditure	3 0 April 2024
General funds		100,383	78,420	(140,930)	37,873
Restricted	funds
		At 1 May 2024	Income	Expenditure	At 3 0 April 2025
Exhibition	and Project Fund	9,000			9,000
		At 1 May 2023	Income	Expenditure	At 30 April 2024
Exhibition	and Project Fund	9,000		- -	9,000

				2025	2024
				E
Income and endowments
Grants
Donations				5,351	7,193
Creative Scotland	Open	Fund		79,749	38,310
Other Grants					4,193
Culture & Sport Glasgow				3,000
				88,700	49,696
Charitable activities
Studio rental income				34,982	28,594
Investment income
Bank interest receivable.				120	130
Total income				123,202	78,420
Expenditure
Expenditure on charitable			activities
Purchases				4,643	23,806
Wages and salaries				50,352	52,082
Pension costs				2,035	7,157
Rent				17,102	20,618
Light and heat				7,579	8,996
Insurance				1,192	(159)
Other establishment					1,895
Other motor/travel costs				2,002	707
Legal and professional		fees		3,434	3,060
Telephone				514	565
Other offce costs				7,263	6,031
Depreciation				1,264	1,085
Advertising					251
Artists fees Exhibition costs.				6,011 17,895	7,000 2,422
Gallery upkeep				2,621	3,637
Accommodation					1,777
				123,907	140,930
Total expenditure				123,907	140,930
Net expenditure				(705)	(62,510)

			2025	2024
Expenditure on charitable		activities
Gallery and Events
Activities undertaken Production costs	directly
Wages/salaries Pension costs			4,643 50,352	23,806 52,082
Motor/travel costs Legal and professional Depreciation Artists fees Exhibition costs Gallery upkeep Accommodation	fees		2,035 2,002 3,434 1,264 6,011 17,895 2,621	7,157 707 3,060 1,085 7,000 2,422 3,637 1,777
			90,257	102,733
Support costs
Rent
Light & heat Insurance Water			17,102 7,579 1,192	20,618 8,996 (159)
Telephone Other offce costs Advertising			514 7,263	1,895 565 6,031 251
			33,650	38,197
Expenditure on charitable		activities	123,907	140,930