Glasgow Girls FC SCIO
Annual Report and Unaudited Financial Statements For the Year Ended 5 April 2025
Charity No. SC042605 Company No. CS000728
Glasgow Girls FC
Trustees Report
The trustees present their report with the financial statements of the charity for the year ended 3 1*t 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).
GOVERNANCE
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
AIMS AND OBJECTIVES
The purpose of the charity are:
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e The advancement of citizenship or community development. e = ©The advancement of public participation in sport. e = The provision of recreational facilities, or the organization of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
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e To provide safe coaching facilities.
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e To provide coaches with SFA qualifications and PVG.
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e To offer girls teams at all ages the opportunity to play football.
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e To offer advice and support on a wide range of learning and antisocial issues.
ACHIEVEMENTS AND PERFORMANCE
This has been a good year for Glasgow Girls FC. In this reporting period the development of our 3G floodlit pitch (£724.000) was completed, becoming available for use in February 2025. The completion of this development is of significant benefit to our charity and our aim of becoming fully sel ~~f-~~ sufficient by the end of the year 2026, in line with our fiv ~~e-~~ year business plan. This development will immediately save our charity £40,000 per annum in costs for external pitch hires for our football teams and will generate unrestricted funds of approximately £140,000 per annum from membership fees and external pitch hires.
Our charity made a loss of £106,195 in this financial year in line with expectations specified in our fiv ~~e-~~ year business plan and planned staff restructuring. As expected, we incurred costs for staff redundancies in this year with total wages costs being £55,023 in excess of restricted grant funding received. However, going forward wages’ costs are significantly reduced in line with our plans to achieve sel ~~f-~~ sufficiency by March 2026.
As the charity has invested in fixed assets, there was a significant depreciation charge of £28,549, which contributed towards the deficit, again this was expected. The charity made a surplus last year of £44,823 and has unrestricted funds carried forward of £127,778, which the Trustees consider as sufficient reserves.
FINANCIAL REVIEW
Income of £204,579 (2024: £420,165) was received during the financial year and the main source of funding was donations, fundraising and grant income. Expenditure totalling £310,775 (2024: £322,117) were made carrying out the charitable activities. At the end of the financial period, the charity has a deficit of £106,195 (surplus 2024: £44,823).
POLICY ON RESERVES
We continue to strive to build our reserves to the level where we have on reserves funds required to cover 13 weeks staffing costs and operational costs in the event of administration or liquidation.
a ofthe charity on 11'* December 2025 and signed on its behalf by:
2
Glasgow Girls FC
Independent Examiners Report
Independent Examiner’s Report to the trustees of Glasgow Girls FC SCIO
I report on the financial statements of Glasgow Girls FC SCIO for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
Respective responsibilities of trustees and examiner
The charity’s trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements 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 trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attentions.
Basis of independent examiner’s report
My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks explanations from the 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 the course of my examination, no matter has come to my attention
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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~~"~~ to prepare accounts which accord with the accounting records and comply with Regulation 9 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.
Clarity Accounting (Scotland) Limited
234 West George Street
Glasgow
G2 4QY
11 December 2025
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Glasgow Girls FC
Statement of Financial Activities for the Year Ended 5 April 2025
| Including Income and ExpenditureAccount and | Including Income and ExpenditureAccount and | Statement ofTotal Recognised Gains and | Statement ofTotal Recognised Gains and | Losses |
|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | |
| funds | Funds | 2025 | ||
| Year to 5 April 2025 | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 25,381 | - | 25,381 | |
| Charitable activities | 18,190 | - | 18,190 | |
| Othertrading activities | 3 | 2,030 | - | 2,030 |
| Other | 4 | 65,297 | 93,681 | 158,978 |
| Total income | —s«sdO89S—<“i—i—sS™SSC:~Cs«SS BEC (:~~<it*‘é«SSTINS |
|||
| Te | ||||
| Expenditure on: | ||||
| Raising funds | 5 | (214,015) | (93,681) | (307,696) |
| Charitable activities | 5 | (3,078) | - | (3,078) |
| Other | - | - | - | |
| Total expenditure | ~~ (217,093)——“‘<i«‘“‘«é‘« ‘SSS‘YSS~~~~~~~~*«STA) |
|||
| Netmovementinfunds | ~~ | (06,195)Ss—~=<CSs‘SC‘<2! | L069) | |
| Oe | ||||
| Reconciliation offunds | ||||
| Total funds brought forward | 233,973 | - | 233,973 | |
| Transfers to/(from) funds | - | - | - | |
| Total funds carried forward | 12 | 127,778 | - | 127,778 |
| The breakdown for2024 is shown below | ||||
| Note | Unrestricted | Restricted | Total | |
| funds | funds | 2024 | ||
| Yearto5 April 2024 | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 27,869 | - | 27,869 | |
| Charitable activities | 37,328 | - | 37,328 | |
| Othertrading activities | 3 | 2,700 | - | 2,700 |
| Other | 4 | 240,566 | 111,701 | 352,267 |
| Totalincome | — «3084es—“=‘iséss~~~:C«dCSSTON—“(<;‘COSOC;;;;;‘«K2O«~dG4~™W |
|||
| Oe | ||||
| Expenditure on: | ||||
| Raising funds | 5 | (261,390) | (111,701) | (373,091) |
| Charitable activities | 5 | (2,250) | - | (2,250) |
| Other | - | - | - | |
| Totalexpenditure | —s (263,640)—“‘<‘(‘«;#«SON))) |
) C88 SM) |
||
| Netmovement in funds | —44823.—~C~COOCOCOCOSOSOSOSS BS |
|||
| Te | ||||
| Reconciliation offunds | ||||
| Total funds brought forward | 189,150 | - | 189,150 | |
| Totalfundscarriedforward | 12 | 233,973 | - | 233,973 |
The breakdown for 2024 is shown below
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Glasgow Girls FC
| Balance Sheet as at 5April2025 | |||
|---|---|---|---|
| Note | 2025 | 2024 | |
| Fixed assets | £ | £ | |
| Tangible assets | 8 | 125,463 | 154,012 |
| Current assets | |||
| Debtors | - | - | |
| Cash at bank and in hand | 3,016 | 419,721 | |
| 128,479 | 419,721 | ||
| Creditors: Amounts falling due within | 9 | (701) | (339,760) |
| one year | |||
| Net current assets | 2,315 | 79,961 | |
| Net assets | 127,778 | 233,973 | |
| Funds ofthe charity | |||
| Unrestricted funds | 127,778 | 233,973 | |
| Restricted funds | |||
| Totalfunds | 12 | 127,778 | 233,973 |
The financial statements on pages 4 to 11 were approved by the Trustees and authorised for issue on 11" December 2025 and signed on their behalf by:
Trustee
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Glasgow Girls FC
Notes to the Financial Statements for the Year Ended 5 April 2025
1 Charity status
The charity is a Scottish Charitable Incorporated Organisation (SCIO) established for charitable purposes only and is governed by a constitution.
2 Accounting Policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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 | January 2015) ~~—~~ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Basis of preparation
Glasgow Girls FC 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted for exemption under paragraph 2.1B FRS 1012 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Glasgow Girls FC
Notes to the Financial Statements for the Year Ended 5 April 2025
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part Il of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £250 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Our policy is to write off to expenditure any assets which cannot be removed at the end of our lease.
Trade debtors and other debtors
Trade debtors 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.
Trade creditors
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Computer Equipment: 33% straight line
Fixture and Fittings: 20% reducing balance
Plant and Machinery: 20% reducing balance
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are funds that are for a specific purpose. Further details of each fund are disclosed on note 16.
3 Income from other trading activities
| Unrestricted funds | Total | Total | |
|---|---|---|---|
| General | 2025 | 2024 | |
| £ | £ | £ | |
| Sponsorship income | 1,500 | 1,500 | 2,700 |
| Player Sponsor | 530 | 530 | - |
| 2,030 | 2,030 | 2,700 |
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Glasgow Girls FC
Notes to the Financial Statements for the Year Ended 5 April 2025
4 Income from other activities
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|funds|Total|Total|
|funds General|General|2025|2024|
|£|£|£|£|
|CBSL|54,779|27,389|82,168|191,482|
|Impact|Funding|10,268|-|10,268|13,000|
|The|Gannochy|Trust|17,710|17,710|17,871|
|The|Robertson|Trust|-|19,000|19,000|20,900|
|CAF|250|-|250|-|
|Glasgow|City|Council|-|29,582|29,582|40,582|
|Culture &|Sport|-|-|-|13,430|
|Main|Grants|-|-|-|9,130|
|Foundation|Scotland|-|-|-|11,623|
|The|Lottery|Fund|-|-|-|34,249|
|—-65,297—i(“(s;‘“‘é«~CSSBL:CO*“‘CCSC#‘«WMSS&OT®SO~~~«S'S2|
|Total|resources|expended|(Unrestricted|2025)|
|Unrestricted|Restricted|2025|2025|
|£|£|£|£|
|Raising|funds|
|Direct|expenses|24,262|-|24,262|56,492|
|Direct|wages|13,023|66,292|79,315|149,429|
|Referee|costs|840|-|840|-|
|Volunteer|expenses|12,848|-|12,848|9,371|
|Advertising &|marketing|572|-|572|1,497|
|Bank|fees|21|-|21|77|
|Cleaning|-|-|-|187|
|Consulting|44|-|44|548|
|Depreciation|expense|28,549|-|28,549|24,884|
|Entertainment|32|-|32|72|
|General|expense|485|-|485|619|
|Insurance|-|-|-|186|
|IT|software|and|consumables|2,387|-|2,387|3,209|
|Legal|expenses|28|-|28|193|
|Light,|power,|heating|2,554|-|2,554|2,165|
|Motor|vehicle|expenses|2,415|-|2,415|4,168|
|Postage|342|-|342|-|
----- End of picture text -----
5 Total resources expended (Unrestricted 2025)
8
| Glasgow | GirlsFC | |||
|---|---|---|---|---|
| Printing& stationery | 447 | - | 447 | 654 |
| Repairs& maintenance | 3,592 | - | 3,592 | 7,431 |
| Salaries | 42,000 | - | 42,000 | - |
| Stafftraining | - | - | - | 100 |
| Subscriptions | - | - | - | 3,359 |
| Telephone& internet | 1,970 | - | 1,970 | 1,626 |
| Travel | 77,604 | 27,389 | 104,993 | 106.824 |
| Total2025 | — 214015 ——i(it‘“‘«éw8SBLSCOS~“‘éC‘C(#OSOTCOOG:=~=O~©©~ 373,092 |
5 Resources expended (continued)
| Unrestricted | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Charitable activities | ||
| Accountancy& bookkeeping fees | 3,078 | 2,250 |
| 3,078 | 2,250 |
6 Trustees’ remuneration and expenses
No trustees received any remuneration during the year to 31 March 2025 (2024 Nil).
7 Taxation
The company is a registered charity and is, therefore, exempt from taxation.
| 8Tangible | Tangible fixed assets | Tangible fixed assets | ||
|---|---|---|---|---|
| Buildings | Computer | Fixtures& Plantand Total |
||
| Equipment | Fittings Machinery |
|||
| Cost | £ | £ | £ £ £ |
|
| At6April 2024 | 6,000 | 14,005 | 153,602 19,357 192,964 |
|
| Additions | - | - | - - - |
|
| Disposals | - | - | - - - |
|
| AsatSApril2025—(asié‘i00-—“i<i‘éOSC«idi) (C58602)~©~©~™~~™~™~«d98ST)SSC«d'92,96 |
||||
| Depreciation | OE | |||
| At6April 2024 | - | 728 | 34,269 3,954 38,951 |
|
| Charge for the year | - | 1,602 | 23,867 3,081 28,550 |
|
| AsatSApril2025 | °°==—=——ti<“<i~C”é‘<iC;‘<=C«SK”C«88I8H!!~!~#«S«SOBS~~«C SOL |
|||
| CN | ||||
| Net book value | ||||
| As at 5 April 2025 | 6,000 | 11,675 | 95,466 8,368 125,163 |
|
| Asat5April2024 | = “s«6,000—(sst—<is~‘sé‘«‘iNS«ST7T~—Cé<“‘«‘:‘SNS@ZBSC~~~™~™~™~™~«d‘S«AOB~Ss—~<Ct«é‘:‘«CS4«ON, |
|||
| —_SSSSSSSSSSS |
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Glasgow Girls FC
Notes to the Financial Statements for the Year Ended 5 April 2025
9 Creditors falling due within one year
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Othertaxes | and | social | security | 701 | - |
| )Ge |
10 Related parties — controlling entity
There were no related party transactions for the year ended 5 April 2025.
11 Funds
| Balance at | Incoming | Resources | Balance at | ||
|---|---|---|---|---|---|
| 6April2024 | resources | Expended | 5April2025 | ||
| Unrestricted funds | £ | £ | £ | £ | |
| Donations | 217,019 | 25,381 | (114,622) | 127,778 | |
| Charitable activities | 16,954 | 18,190 | (35,144) | - | |
| CBSL | - | 54,779 | (54,779) | - | |
| Impact Funding | - | 10,268 | (10,268) | - | |
| CAF | - | 250 | (250) | - | |
| Sponsorship Income | - | 1,500 | (1,500) | - | |
| Player Sponsor | - | 530 | (530) | - | |
| 233,973 | 110,898 | (217,093) | 127,778 | ||
| ~~ | Balanceat | —sIncoming | —-Resourees.—~Balanceat | ||
| 6April2024 | resources | Expended | 5April 2025 | ||
| Restricted funds | £ | £ | £ | £ | |
| CBSL | - | 27,389 | (27,389) | - | |
| The Gannochy Trust | - | 17,710 | (17,710) | - | |
| The Robertson Trust | - | 19,000 | (19,000) | - | |
| Glasgow City Council | - | 29,582 | (29,582) | - | |
| - | 93,681 | (93,681) | - | ||
| ~~Balaneeat.—s Incoming ~—~sResources—-Balance at |
|||||
| 6April2024 | resources | Expended | 5April2025 | ||
| Unrestricted funds | £ | £ | £ | £ | |
| Donations | 189,150 | 27,869 | - | 217,019 | |
| Charitable activities | - | 37,328 | (20,374) | 16,954 | |
| CBSL | - | 191,482 | (191,482) | - | |
| Impact Funding | - | 13,000 | (13,000) | - | |
| TheRobertsonTrust | - | 1,900 | (1,900) | - |
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Glasgow Girls FC
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Culture &|Sport|-|13,430|(13,430)|-|
|Main|Grants|-|9,130|(9,130)|-|
|Foundation|Scotland|-|11,623|(11,623)|-|
|Sponsorship|Income|-|2,700|(2,700)|-|
|189,150|308,463|(263,640)|233,973|
|~~_—«‘Incoming—=sResources.—=«éBalanceBalanceat|at|
|6 April 2024|resources|Expended|5 April 2025|
|Restricted|funds|£|£|£|£|
|The|Gannochy|Trust|-|17,871|(17,871)|-|
|The|Robertson|Trust|-|20,000|(20,000)|-|
|Glasgow|City|Council|-|40,582|(40,582)|-|
|The|Lottery|Fund|-|34,249|(34,249)|-|
|-|111,701|(111,701)|-|
|ES|
|12|Net|assets|by|fund|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|£|£|£|£|
|Tangible|assets|125,463|-|125,463|154,013|
|Current|assets|3,016|-|3,016|419,720|
|Creditors: Amounts|failing|due|within|(701)|-|(701)|(339,760)|
|one|year|
|Net assets|127,778|——<—~—”~”~«d2,TTBS«2|83,9738|
----- End of picture text -----
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