##
##
##
||||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|