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2025-03-31-accounts

THE PORTAL ARTS SCIO

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

CHARITY NUMBER: SC042866

THE PORTAL ARTS SCIO

CONTENTS

Page

Charity information Trustees’ Annual Report 2-9 Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 13-19

Page 1

THE PORTAL ARTS SCIO

LEGAL AND ADMINISTRATIVE INFORMATION

Charity name The Portal Arts SCIO
(Formerly Plantation Productions SCIO)
Charity registration number SC042866
Trustees Barbara Wilson (Chairperson)
Fiona Fleming (Company Secretary)
Carole Lyons (Treasurer)
Gabriel Robertson (Resigned 31.12.2025)
Principal office The Portal
978 Govan Road
GLASGOW
G51 3AJ
Independent examiner J. McBride CA
T. Murphy & Company
Chartered Accountants
Cape House
59 Admiral Street
GLASGOW
G41 1HP

Page 2

THE PORTAL ARTS SCIO

TRUSTEES’ ANNNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2025

The Trustees present their Report and Financial Statements of the Charity for the accounting year ended 31[st] March 2025.

TRUSTEES

The Trustees serving during the year and since the year end are detailed on page 1.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Portal Arts SCIO is a charitable organisation. It has charitable status under the Charities and Trustee Investment (Scotland) Act 2005. It was registered as a Scottish Charitable Incorporated Organisation (SCIO) with effect from 17[th] January 2012.

Change of Name

During the previous financial year the Charity changed its name to “The Portal Arts SCIO”. This change of name was formally registered with OSCR on 22[nd] June 2022.

Appointment of Trustees

As set out in the Constitution, Trustees are elected at the AGM.

Trustees Induction and Training

All new Trustees receive training on their role and responsibilities within the organisation.

Organisational Structure

The Board of Trustees administers the Charity. The Board meet regularly. A Project Manager is appointed by the Trustees to manage day-to-day operations of the Charity with endorsement from the Trustees.

Related Parties

The Portal Arts SCIO is a stand-alone Charity and has no relationship with third parties.

Page 3

THE PORTAL ARTS SCIO

TRUSTEES’ ANNNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

(Contd..)

Risk Management

The Charity Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

OBJECTIVES AND ACTIVITIES

The principal activities of the Charity is a Community Arts and Media Organisation based in the Greater Govan area of Glasgow, UK. It delivers creative participatory programmes and activity for the advancement of citizenship and community development. It provides a creative recreational facility and resources with the object of improving opportunities and conditions for people and families who reside in areas of multiple deprivations.

PERFORMANCE REVIEW

The Portal Arts: Performance Review 2024–2025

Why We Do What We Do

The Portal Arts works to regenerate disadvantaged communities through creative participation. Our vision is a more just society where people are not limited by poverty, inequality or deprivation. Through arts, media and community activity we support people facing social, economic and structural barriers to improve wellbeing, confidence and opportunity.

Much of our work takes place in our community venues on Govan Road, The Portal, AIR Space and Gallery 966, welcoming spaces for creative activity, social connection and learning. We also deliver outreach work through partnerships with health centres, colleges and community organisations across Glasgow. The organisation operates with a small, dedicated staff team supported by freelancers and volunteers, enabling us to deliver meaningful cultural and community impact despite limited resources. During the year we also employed four Trainee Assistants, providing training and employment opportunities for neurodivergent young creatives.

Impact 2024 – 2025

Page 4

THE PORTAL ARTS SCIO

TRUSTEES’ ANNNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

PERFORMANCE REVIEW (Contd..)

The Portal Arts has supported people to:

Creative Steps: Improving Wellbeing Through Art

Creative Steps is our core arts and wellbeing programme, supporting individuals experiencing poor mental health, social isolation and other complex challenges. The programme provides a three-stage pathway that allows participants to engage with creativity at their own pace while building confidence and social connection.

Step 1 – Creative sessions in health settings

We delivered 20 sessions across Govan Health Centre, Midlock Medical Centre and Pollok Health Centre, engaging 17 participants. Artwork created in the sessions was displayed in waiting areas, helping participants feel valued and visible in their communities.

Step 2 – Community art classes

Weekly classes in Gallery 966 provided a safe and supportive environment where participants could develop creative skills and peer relationships. During the year we delivered 222 classes to 60 participants, with over 1,200 attendances. Activities included mosaics, lino printing, woodwork and collaborative art projects. Evaluation showed strong outcomes, with participants reporting increased connection, confidence and pride in their achievements.

Step 3 – Progression opportunities

Step 3 supports participants to develop independence and creative skills through more advanced activities. We delivered 120 sessions for 41 participants, recording 578 attendances. Projects included ceramics, photography, textiles and an accredited sewing course delivered with Glasgow Clyde College.

The Govan Allsorts Choir remains a central part of the programme, bringing people together weekly to rehearse and perform. Many participants now meet socially outside the programme, creating lasting peer support networks.

All In Media: Creativity Across Generations

The Portal Seniors Film Club evolved into the WOW Group , a dementia-inclusive programme for older people and those caring for someone with dementia. Weekly sessions include shared meals, creative activities, music and social outings. Participants report improved confidence, reduced loneliness and increased ownership of sessions.

Page 5

THE PORTAL ARTS SCIO

TRUSTEES’ ANNNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

PERFORMANCE REVIEW (Contd..)

Young People – Film Training and Employment Pathways

Through partnerships with The King’s Trust and local colleges , we worked with around 105 young people aged 16 – 22, delivering intensive filmmaking workshops led by professional filmmakers. Participants learned planning, filming and editing skills and produced short films showcased at graduation events.

Four young people were also employed as Trainee Production Assistants , completing an NPA Level 6 qualification in Film and the Film Industry. Their collaborative short film PLAYBACK was produced to professional standards, with two trainees securing paid work on a BBC production and another moving into full-time employment.

Govan Queer Space

Govan Queer Space was created in response to community demand and is now the only regular queer community space in the area, with a strong focus on supporting the trans community. Weekly sessions offer social drop-ins, film screenings, creative activities and shared meals, creating a welcoming environment where people can connect, build friendships and access support. Attendance typically ranges from 12–25 participants, with larger events attracting over 40 people. As several LGBTQ+ venues closed during 2024, the importance of this free and accessible space has grown significantly. The opening of the Govan Bridge has also improved access, enabling people from across Glasgow to take part.

Working Differently

Our film Working Differently was selected for screening at the Reel Abilities Film Festival in New York, the world’s largest disability film festival. Following this success, we developed Working Differently – Continued Conversations , a touring programme across Scotland exploring neurodiversity in the screen industries. The film and accompanying resources are now used by organisations, schools and training providers to promote discussion around inclusive workplaces.

Partnerships and Impact

The Portal Arts works with partners including NHS Scotland, The King’s Trust, Open Museums, Thriving Places, SURF and the Alliance for Action to expand opportunities for participants. Staff and trustees also completed training in Mental Health First Aid, Human Rights and Equalities, Emergency First Aid and digital skills

Looking Ahead

The Portal Arts will continue to build on the success of our core programmes, supporting individuals and communities through creative participation. Our focus is on sustaining and developing Creative Steps, All in Media and Govan Queer Space , while strengthening partnerships that expand opportunities for participants.

Page 6

THE PORTAL ARTS SCIO

TRUSTEES’ ANNNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

PERFORMANCE REVIEW (Contd..)

Looking Ahead (Contd…)

In a challenging funding climate, we remain committed to creating inclusive spaces where people can build confidence, develop skills and improve wellbeing. By working closely with our communities, we will continue to adapt our work to ensure it remains relevant, accessible and impactful.

Page 7

THE PORTAL ARTS SCIO

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2025 (CONTD…)

ACHIEVEMENTS & PERFORMANCE REVIEW (Contd…)

FINANCIAL REVIEW

The Charity had a deficit of £(9,130) for the year (£44,324 deficit for 2024) and has total accumulated reserves of £62,084 at the balance sheet date (£71,214 for 2024), of which £62,084 are held as unrestricted reserves (£71,214 for 2024).

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the charity’s Constitution requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:-

Page 8

THE PORTAL ARTS SCIO

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2025 (CONTD…)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES (CONTD…)

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the charity’s Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RESERVES POLICY

The trustees have established a reserves policy to ensure the financial stability of The Portal Arts and to safeguard the continuation of its activities. Reserves are held to meet potential liabilities in the event of closure, including redundancy and notice costs, and to provide working capital where grant or commission income is received in arrears. Reserves may also be used to cover unforeseen expenditure, funding gaps between projects, and matched funding requirements for grants.

The trustees aim to maintain undesignated general reserves equivalent to between 20% and 25% of annual expenditure. This level has been set following an assessment of the charity’s financial risks and the estimated costs of closing the organisation in an orderly manner. Based on projected expenditure of £260,000 for 2026/27, this equates to a target reserve level of approximately £62,000.

At the start of the 2025–26 financial year the charity held unrestricted reserves of £62,084, representing approximately 23% of annual expenditure, which is within the target range set by the trustees. The trustees therefore consider the current level of reserves to be appropriate.

The trustees recognise that the charity operates in a funding environment where some grants are timelimited and may not be renewed, and therefore maintaining an appropriate level of reserves is important to support organisational stability and manage potential funding gaps.

Restricted grant funding is held separately in accordance with funding agreements and is not included when assessing the charity’s free reserves.

The reserves policy is reviewed annually as part of the charity’s budgeting and financial planning process.

Page 9

THE PORTAL ARTS SCIO

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2025 (CONTD…)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES (CONTD…)

Independent Examiner

James McBride CA, a partner in T Murphy & Company, Chartered Accountants was appointed as Independent examiner and the Trustees recommend that James McBride, CA remains in office as Independent Examiner until further notice.

This report was approved by the Trustees on 18[th] March, 2026 and signed on its behalf by

Barbara Wilson Chairperson

18[th] March, 2026

Barbara Wilson (Mar 23, 2026 14:14:47 GMT)

Page 10

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

THE PORTAL ARTS SCIO

I report on the accounts of the Charity for the year ended 31[st] March 2025, which are set out on pages 11 to 19. These financial statements have been prepared in accordance with the accounting policies set out therein.

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. The Charity 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 our attention.

Basis of Independent Examiner’s Statement

My examination is 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 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

have not been met, or

JAMES MCBRIDE C.A. T MURPHY & COMPANY CHARTERED ACCOUNTANTS CAPE HOUSE 59 ADMIRAL STREET GLASGOW G41 1HP

18[th] March, 2026

Page 11

THE PORTAL ARTS SCIO

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31[ST] MARCH 2025

Notes
Income and endowments from:-
Donations and legacies
a) Grants
2(a)
b) Donations
2(b)
Charitable activities
3
Investments
4
Total
Expenditure on:-
Charitable activities
5-7
Total
Net (Deficit) for year
Reconciliation of Funds
Total funds brought forward
Prior period adjustment
Interfund transfers
Total funds carried forward		 Unrestricted Restricted
2025
2024
Funds
Funds
Total
Total
£
£
£
£
47,375
214,630
262,005
198,157
991
-
991
-
10,135
-
10,135
12,736
789
-
789
742
59,290
214,630
273,920
211,635
64,860
218,190
283,050
255,959
64,860
218,190
283,050
255,959
( 5,570)
( 3,560)
( 9,130) ( 44,324)
71,214
-
71,214
115,538
-
-
-
-
( 3,560)
3,560
-
-
62,084
-
62,084
71,214

The notes on pages 13 to 19 form an integral part of these financial statements

Page 12

THE PORTAL ARTS SCIO

COMPANY NUMBER:- SC042866

BALANCE SHEET – 31[ST] MARCH 2025

FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Debtors
Cash at bank and on hand
CREDITORS:Amounts falling due
within one year
NET CURRENT ASSETS
TOTAL NET ASSETS
THE FUNDS OF THE CHARITY
Restricted Income Funds
Unrestricted Funds
TOTAL CHARITY FUNDS
NOTES
8
9
10
12
13		 2025
£
9,486
104,923
114,409
( 52,325)

-
62,084		 £
-
62,084
£62,084
£62,084		 2024
£
17,271
81,833
99,104
(27,890)
-
71,214		 £
-
71,214
£71,214		 £
-
71,214
£71,214

The financial statements were approved and authorised for issue by the Trustees on 18[th] March, 2026, and signed on their behalf by

____ ____ Carole Lyons (Mar 20, 2026 13:48:23 GMT) Barbara Wilson (Mar 23, 2026 14:14:47 GMT) Trustee Trustee Carole Lyons Barbara Wilson ____ ____ (print name) (print name)

The notes on pages 13 to 19 form an integral part of these financial statements

Page 13

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST ] MARCH 2025

1 ACCOUNTING POLICIES

1.1 Accounting Convention

The financial statements are prepared under the historical cost convention and in accordance with the Charities SORP: FRS102. The financial statements have further been prepared in accordance with applicable UK Accounting Standards and the Charities Accounts (Scotland) Regulations 2006. The principal accounting policies adopted in the preparation of the financial statements are set below.

1.2 Incoming Resources

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies that the grant or donation must only be used in future accounting periods, or when the donor has imposed conditions which must be met before the Charity has unconditional entitlement.

Income from investments is included in the year in which it is receivable.

Grant income, included within income from charitable activities is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

1.3 Resources Expended

Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

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.

Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements.

Page 14

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST ] MARCH 2025 (CONTD…)

1 ACCOUNTING POLICIES (CONTD…)

1.4 Tangible Fixed Assets and Depreciation

Depreciation is provided at rates calculated to write-off the cost less residual value of each asset over its expected useful life, as follows:-

Office Equipment - 50% Straight Line Method
Computer Equipment - 50% Straight Line Method
Audio/Visual Equipment - 50% Straight Line Method
Furniture & Fixtures - 50% Straight Line Method

1.5 Charity Status

The Portal Arts SCIO is a charity established several years ago. On 17[th] January 2012 it was registered as a Scottish Charitable Incorporated Organisation (SCIO). All assets and liabilities were transferred to the new organisation with effect from 1[st] April 2012.

2 INCOME FROM DONATIONS AND LEGACIES

a) GRANT INCOME

The National Lottery – Community Fund
G.C.C. – Glasgow Community Fund
Henry Smith Charitable Trust
Creative Scotland
The Sean Connery Foundation
Glasgow City Council – Area Committee
Creative Scotland
The Robertson Trust
b) DONATIONS
Donations		 2025
£
74,386
61,108
47,000
49,336
25,000
4,800
375
-
262,005
2025
£
991		 2024
£
77,317
61,108
23,500
-
20,732
-
-
15,500
198,157
2024
£
-

3 INCOME FROM CHARITABLE ACTIVITIES

Barrhead Hous. Ass’n – Commission
Screen Scotland
Creative Scotland
Govan REM
Sundry Income (Employment Allowance)		 2025
£
5,400
-
-
-
4,735
10,135		 2024
£
-
6,486
1,125
500
4,625
12,736

Page 15

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST ] MARCH 2025 (CONTD…)

4
INCOME FROM INVESTMENTS
Interest received
5
COSTS OF CHARITABLE ACTIVITIES


Salaries & Wages
Artistic & Filmmaking Freelancers
Project Costs
Rent & Rates
Heat & Light
Insurances
Telephone & Internet
Printing, Postage & Stationery
Website & I.T. Materials
Repairs & Cleaning
Depreciation
Bank Charges
Payroll Administration
Accountancy
Professional Fees
General Expenses
6
EMPLOYEE COSTS
Gross Salaries
Employer’s National Insurance
Employer’s Pension Contributions - regular
Employer’s Pension Contributions – backdated
contribution for Project Manager		 2025
£
789
2025
£
165,393
77,409
9,252
10,363
5,954
1,503
1,501
4,651
1,210
1,457
-
78
1,261
2,400
540
78
283,050
2025
£
140,983
11,185
4,760
8,465
165,393		 2024
£
742
2024
£
139,712
43,244
21,425
10,992
3,026
2,559
2,559
2,474
5,132
11,826
7,472
743
877
2,361
-
1,557
255,959
2024
£
125,174
10,266
4,272
-
139,712

Page 16

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST ] MARCH 2025 (CONTD…)

6 EMPLOYEE COSTS (Contd...)

a) Number of Employees

Number of Employees
The average monthly number of employees during the year were:
Managerial
Administration
Coordination
Production Assistants		 2025
2
1
2
6
11		 2024
2
0
2
6
10

d) In accordance with the reporting requirement contained within charity law it is hereby formally confirmed that the majority of trustees received no remuneration from the charity, other than perhaps occasional, and immaterial, reimbursed travelling expenses. The two small exceptions to this position were Fiona Flemming (Secretary) who received the sum of £1,728 and Gabriel Robertson (Trustee) who received the sum of £900 over the course of the year in return for providing a number of instruction classes.

7 GOVERNANCE COSTS

Independent Examiner’s fee 2025
£
2,400		 2024
£
2,361

Page 17

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025 (CONTD…)

8 TANGIBLE FIXED ASSETS













9
10
 Office
Audio/Visual Computer
Equipment
Equipment
Equipment
£
£
£
At Cost:-
As At 1stApril, 2024
5,992
25,346
29,682
Purchased in year
-
-
-
As At 31stMarch, 2025
5,992
25,346
29,682
Accumulated Depreciation:-
As At 1stApril, 2024
5,992
25,346
26,982
Provision for year
-
-
-
As At 31stMarch, 2025
5,992
25,346
29,682
NET BOOK VALUE
- 31-03-25
-
-
-
NET BOOK VALUE
- 31-03-24
-
-
-
DEBTORS
S.T.F. Payroll Account
Grant Debtors
CREDITORS: AMOUNTS FALLING DUE WIHTIN ONE YEAR
Accrued Charges
Deferred Income:-
The Sean Connery Foundation
The Henry Smith Foundation
Rangers Charity
 Office
Audio/Visual Computer
Equipment
Equipment
Equipment		 Furniture
& Fixtures		 Total
£
62,772
-
62,772
62,772
-
62,772
-



£
£
£
5,992
25,346
29,682
-
-
-		 £
1,752
-
5,992
25,346
29,682		 1,752



5,992
25,346
26,982
-
-
-
1,752
-
5,992
25,346
29,682		 1,752



-
-
-
-
-
-
-		 - -
2025
£
3,179
6,307
9,486
2025
£
2,975
25,000
23,500
850
52,325		 2024
£
17,271
-
17,271
2024
£
2,890
25,000
-
-
27,890

Page 18

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025 (CONTD…)

11 ANALYSIS OF NET FUNDS BETWEEN PROJECTS

Unrestricted Unrestricted Designated Restricted Restricted 2025 2024
Funds Funds Funds Total Total
£ £ £ £ £
Fixed Assets - - - - -
Current Assets 83,202 - 31,207 114,409 99,104
Current Liabilities(27,325) - (25,000) ( 52,325) (27,890)
55,877 - 6,207 62,084 71,214
12 RESTRICTED FUNDS
1stApril Fund 31stMarch
2024 Incoming Outgoing Transfers 2025
£ £ £ £ £
National Lottery - Community
Fund 2 74,386 ( 74,386) - -
G.C.C. – Glasgow Community
Fund - 61,108 ( 61,108) - -
Creative Scotland - 49,336 ( 49,336) - -
The Sean Connery Foundation - 25,000 ( 25,000) - -
GCC – Area Committee - 2 - 4,800 ( 4,800) - -
The Robertson Trust - - ( 1,230) 1,230 -
Other Projects - - ( 2,330) 2,330 -
2 214,630 (218,190) 3,560 -

Purpose of Restricted Funds

The restricted funds are used to finance those projects in respect of which funding has been awarded for specific purposes.

13 UNRESTRICTED FUND

a) General Fund
b) Designated Fund - 01
c) Designated Fund - 02		 1stApril
Inter Fund 31stMarch
2024
Incoming
Outgoing
Transfers 2025
£
£
£
£
£
-
- - -
-
10,000
- - (10,000)
-
61,214
59,290 (64,860) 10,000
65,644
-
-
-( 3,560) ( 3,560)
71,214
59,290 (64,860) ( 3,560)
62,084

Page 19

THE PORTAL ARTS SCIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025 (CONTD…)

13 UNRESTRICTED FUND (Contd…)

Purpose of General Fund

The General Fund represents the unrestricted funds which the Trustees are free to use in accordance with the charitable objectives.

Purpose of Designated Funds - 01

Equipment Renewal Fund

The Equipment Renewal Fund is an unrestricted but designated fund. The funds have been designated to cover the costs of new equipment as and when required.

Purpose of Designated Funds - 02

Charity Closure

In the event of the charity having to cease operations the Board of Trustees regard it as prudent to set aside a sum of money that will be necessary to cover essential closure costs, such as redundancy costs and running costs for a period of three months.

Transfers are made as and when required to and from the designated funds.

THE PORTAL ARTS SCIO

The following pages do not form part of the statutory accounts.

Page 20

THE PORTAL ARTS SCIO

DETAILED INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31[ST] MARCH 2025

2025
£
£
INCOME AND ENDOWMENTS
Donations and legacies
The National Lottery – Community Fund
74,386
G.C.C. – Glasgow Community Fund
61,108
Henry Smith Charitable Trust
47,000
Creative Scotland
49,336
The Sean Connery Foundation
25,000
GCC Area Committee
4,800
Creative Scotland
375
The Robertson Trust
-
262,005
Donations (see note 2b)
991
991
Charitable Activities
(see note 3)
10,135
10,135
Investment Income
Bank Interest (see note 4)
789
789
Total Income
273,920
Total Expenditure (see next page)
(283,050)
Net (Deficit) For Year
£( 9,130)		 2024
£
£
77,317
61,108
23,500
-
20,732
-
-
15,500
198,157
-
-
12,736
12,736
742
742
211,635
(255,959)
£( 44,324)		 2024
£
198,157
-
12,736
742
211,635
(255,959)

Page 21

THE PORTAL ARTS SCIO

DETAILED SCHEDULE OF EXPENDITURE FOR THE YEAR ENDED 31[ST] MARCH 2025

2025
£
£
EXPENDITURE ON:
Charitable activities
Staff Costs
Salaries & Wages
140,983
Social security costs
11,185
Staff Pension Contributions - regular
4,760
Staff Pension Contributions - backdated
8,465
165,393
Project and Activities Costs
Technical Support
77,409
Project Costs
9,252
86,661
Premises Costs
Rent & Rates
10,363
Heat & Light
5,954
Insurance
1,503
17,820
Administrative Costs
Telephone & Internet
1,501
Printing, Postage & Stationery
4,651
Website & I.T. Materials
1,210
Repairs & Cleaning
1,457
Depreciation
-
Bank Charges
78
Payroll Administration
1,261
Professional fees
540
General Expenses
78
10,776
Governance Costs
Independent Examination Fee
2,400
TOTAL EXPENDITURE
£283,050		 2024
£
£
125,174
10,266
4,272
-
139,712
43,244
21,425
64,669
10,992
3,026
2,559
16,577
2,559
2,474
5,132
11,826
7,472
743
877
-
1,557
32,640
2,361
£255,959

MANUS O’DONNELL - ACCOUNTS

Final Audit Report

2026-03-23

Created: 2026-03-20 By: Moya Crowley (moya@theportalarts.com) Status: Signed Transaction ID: CBJCHBCAABAAN4As3cKHtSAqWisGiMKWAKq1lalOg2PS

"MANUS O’DONNELL - ACCOUNTS" History

Document created by Moya Crowley (moya@theportalarts.com)

2026-03-20 - 1:44:13 PM GMT

Document emailed to Carole Lyons (carolelyons1@gmail.com) for signature

2026-03-20 - 1:44:18 PM GMT

2026-03-20 - 1:47:05 PM GMT

Document emailed to Barbara Wilson (babswilson74@gmail.com) for signature 2026-03-20 - 1:48:24 PM GMT

Email viewed by Barbara Wilson (babswilson74@gmail.com) 2026-03-23 - 2:07:46 PM GMT

Document e-signed by Barbara Wilson (babswilson74@gmail.com) Signature Date: 2026-03-23 - 2:14:47 PM GMT - Time Source: server

Agreement completed.

2026-03-23 - 2:14:47 PM GMT