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2025-03-31-accounts

REGISTERED CHARITY NUMBER: SC044148

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for Knightswood Community SCIO

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

Knightswood Community SCIO

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

----- Start of picture text -----
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 14
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Knightswood Community SCIO

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES

PRINCIPAL ADDRESS Knightswood Community Centre 201 Alderman Road Glasgow G13 3DD REGISTERED CHARITY NUMBER SC044148 INDEPENDENT EXAMINER Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB BANKERS Bank of Scotland PO Box 1000 BX2 1LB

Page 1

Knightswood Community SCIO

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

The primary objectives of the Charity are:

The advancement of citizenship or community development, and

The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.

Significant activities

Providing social, cultural, recreational and educational facilities that will improve the conditions of life for people in the Knightswood community, particularly through the operation of the Knightswood Community Centre.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Knightswood Community SCIO continues to receive funding from the Glasgow Community Fund to cover operating costs of Knightswood Community Centre as well as staffing costs and some running costs. The remainder of running costs is covered by income from hall hire.

The Centre's footfall has increased by 28% to 67,742 visits to the Centre.

Funding from the National Lottery's Community Led and Improving Lives Programme has allowed the Development Officers post to be continued to March 2027.

This year Knightswood Community SCIO has purchased 300 new chairs for various halls and rooms. Full fibre broadband has also been installed in the Centre to give staff and customers a better online experience and new Windows 11 laptops have been purchased for staff.

The community cinema continues to be very popular and we have shown 42 different films. This was in partnership with Ignite Theatre and the funding was provided by The National Lottery Community Led Fund. Also in partnership with Ignite Theatre, and funding from The National Lottery Community Led Fund we were able to employ a Youth worker to develop a Youth Forum.

An access audit has been completed by the Glasgow Access panel to assess the venue's suitability for disabled people and a building condition survey was completed to assess if any work required to the Centre to comply with our lease agreement.

The community garden received further funding from the Area Grant and Glasgow Airport FlightPath Fund and is tended to by volunteers.

Knightswood Community SCIO continues to work with various partners to provide large scale events for local people with a range of events.

Staff training is ongoing to keep up to date with Health & Safety, GDPR, LGBTQ+ and Human Rights.

The SCIO has recruited new trustees and we now have 10 trustees.

FINANCIAL REVIEW

Financial position

The charity generated a surplus of £17,445 for the year ended 31 March 2025 (2024: £30,497).

At 31 March 2025, total reserves stood at £353,977 (2024: £336,532) with £286,551 of these being unrestricted general reserves (2024: £267,434) and £67,426 of funds representing the net book value of fixed assets (2024: £69,961).

Page 2

Knlqhtsw¢)od Community SCIO Report of theTrustee$ forthe Year Ended 31 March 202S FINANCIAL REVIEW Reserves poli To maintain a level of financial res￿eS to SUPFKKt cash-flow, ptOVKle %t cover for annual Op￿ating costs and maintain designated f￿d$, fot essential building repair and improvements in future years, including 8 contingency for significant increases in energy and cther unexpected costs. 11 is the policy of th@ Charity to maintain unreslncted funds, at a lev81 equivalent of three to six month's expenditure. For the year end&J 31 March 2025, (Kdinary expenditure f(￿ 6 months was £150.665. Al 31 March 2025. th8 chanly held uNeslricted general reserves of £286,55112024' £267,434). Therefore, th8 truslees 8re satisfied that this wlicy is teing mel. Th8 funds held In excess of the reserves policy will b8 reinvested In Ihedevelopmenl of the charity. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng doeum•nt Th& Charity is contrdled by its goverThng document wh'ch is referred to Bs the ConstsluU"on. Recrultrnent andappolntrnent of newtrustees KnighlswcK)d Community SCIO recognises Ihat an effective board of chanty Irustees is essential If Ihe organisalion is lo be successful in achieving Ils objects. Thè board musl seek lo be reptesan18bvè ol the peoplè wlh whom thè org8nis8tion wori<s for and musl havo 8V8i18ble to il 811 th& knowledge and skills r&]uired lo run the ￿aniSati￿. Key management r•muneratlon In the opinion of the Iruslees, there Is one membei ?n?rf_?S wp.ro g3Q fi35 1?n?4 f 37 n1fl enl, The Manager. The lolal employer costs relating to this p05t in Page3

Independent Examiner's Report to the Trustees of Knightswood Community SCIO

I report on the accounts for the year ended 31 March 2025 set out on pages five to fourteen.

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: ............................................. 6 August 2025

Page 4

Knightswood Community SCIO

Statement of Financial Activities for the Year Ended 31 March 2025

Statement of Financial Activities
for the Year Ended 31 March 2025
Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
170
190,804
Other trading activities
3
122,800
-
Other income
4
5,000
-
Total
127,970
190,804
EXPENDITURE ON
Charitable activities
5
Local community centre and related projects
110,525
190,804
NET INCOME
17,445
-
RECONCILIATION OF FUNDS
Total funds brought forward
336,532
-
TOTAL FUNDS CARRIED FORWARD
353,977
-
2025
Total
funds
£
190,974
122,800
5,000
318,774
301,329
17,445
336,532
353,977
2024
Total
funds
£
180,980
122,503
5,000
308,483
277,986
30,497
306,035
336,532

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 10.

The notes on pages 7 to 14 form part of these financial statements

Page 5

Knlghtswood Community SCIO

Balance Sheet 31 March 2025

Notes
FIXEDASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cashat bankandin hand
CREDITORS
Amounts falling due within one year
13
NETCURRENTASSETS
TOTAL ASSETS LESSCURRENTLIABILITIES
NET ASSETS
FUNDS
Unrestricted funds:
16
General fund
DesignatedFixedAsset Fund
TOTAL FUNDS
2025
£
67,426
16,752
287,869
304,621
(18,070)
286,551
353,977
353,977
286,551
67,426
353,977
353,977
2024
£
69,961
15,972
270,279
286,251
(19,680)
266,571
336,532
336,532
267,434
69,098
336,532
336,532

The financial statements were approved by the Board of Trustees and authorised for issue on .2.1. �� .. q.J!.Vt... � __ql§.._ and were signed on its behalf by:

The notes on pages 7 to 14 fonnpart of these financial statements

Page6

Knightswood Community SCIO

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

1. ACCOUNTING POLICIES

General information

Knightswood Community SCIO ("the charity") is a Scottish charitable incorporated organisation governed by its constitution. It was registered as a charity in Scotland (registered number SC044148) on 17 July 2013. Its registered address is 201 Alderman Road, Glasgow, G13 3DD.

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

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.

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.

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.

Cash at bank and 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.

Page 7

continued...

Knightswood Community SCIO

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

1. ACCOUNTING POLICIES - continued

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.

Tangible fixed assets

All assets costing more than £500 are capitalised and valued at historic cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

IT & Other Equipment - 25% on cost Fixtures and fittings - 25% on cost Improvements to Property - 5% on cost

Taxation

Knightswood Community SCIO 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.

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.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Area Committee
Scottish Government
Glasgow Communities Fund
Glasgow Airport FlightPath Fund
The National Lottery Community Led Fund
2025
£
170
190,804
190,974
2025
£
4,500
-
137,594
2,000
46,710
190,804
2024
£
800
180,180
180,980
2024
£
10,086
32,500
137,594
-
-
180,180

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continued...

Knightswood Community SCIO

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

3. OTHER TRADING ACTIVITIES

Private Functions
2025
£
7,480
Exclusive Use
13,512
Hall Lets
96,173
Membership Fees
120
Kitchen - Licence Rates
5,515
Other income
-
122,800
4.
OTHER INCOME
Employment Allowance
2025
£
5,000
5.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
note 6)
costs (see
note 7)
Local community centre and related projects
£
300,189
£
1,140
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2025
£
Staff costs
148,223
Stationery and Office
3,827
Payroll & HR Fees
1,490
Advertising & Marketing
4,976
Equipment
24,056
Sundries
79
Heat, Light & Power
41,984
Insurance
8,981
Professional Fees
11,980
Rates & Service Charges
750
Repairs & Maintenance
11,696
Staff Training
2,142
Telephone
5,704
Staff Costs - Uniforms etc.
286
Cleaning Materials
6,440
Fire Safety
5,734
Garden Services
5,257
Subscriptions
1,175
Washroom Hygiene
1,452
Travel expenses
36
Entertainment - Hospitality
1,531
Water Rates
5,644
Trustee Expenses
28
Depreciation
6,718
300,189
2024
£
8,777
12,769
91,417
201
5,843
3,496
122,503
2024
£
5,000
Totals
£
301,329
2024
£
145,903
2,209
1,325
1,732
22,201
474
35,424
9,202
8,285
5,595
20,712
120
4,421
585
5,647
2,318
3,697
572
1,326
65
185
-
-
4,968
276,966

Page 9

continued...

Knightswood Community SCIO

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

7. SUPPORT COSTS

Accountancy - Independent Examination Fee

2025 2024
£ £
1,140 1,020

8. 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

During the year, total expenses of £28 were reimbursed to one of the trustees for travel expenses (2024: £nil).

9. STAFF COSTS

10.

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Office and Caretaking Staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Unrestricted
funds
£
Donations and legacies
800
Other trading activities
122,503
Other income
5,000
Total
128,303
EXPENDITURE ON
Charitable activities
Local community centre and related projects
82,120
NET INCOME/(EXPENDITURE)
46,183
RECONCILIATION OF FUNDS
Total funds brought forward
290,349
TOTAL FUNDS CARRIED FORWARD
336,532
2025
£
132,604
11,730
3,889
148,223
2025
6
Restricted
funds
£
180,180
-
-
180,180
195,866
(15,686)
15,686
-
2024
£
132,041
10,763
3,099
145,903
2024
6
Total
funds
£
180,980
122,503
5,000
308,483
277,986
30,497
306,035
336,532
2024
£
132,041
10,763
3,099
145,903
2024
6
Total
funds
£
180,980
122,503
5,000
308,483
277,986
30,497
306,035
336,532
277,986
30,497
306,035
336,532

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continued...

Knightswood Community SCIO

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

11. TANGIBLE FIXED ASSETS

Improvements
to
property
IT &
Other
Equipment
Fixtures
and
fittings
COST
£
£
£
At 1 April 2024
73,024
31,934
39,338
Additions
-
4,183
-
At 31 March 2025
73,024
36,117
39,338
DEPRECIATION
At 1 April 2024
10,040
24,957
39,338
Charge for year
3,651
3,067
-
At 31 March 2025
13,691
28,024
39,338
NET BOOK VALUE
At 31 March 2025
59,333
8,093
-
At 31 March 2024
62,984
6,977
-
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
9,703
Payroll Account
(387)
Other debtors
1,186
Prepayments
6,250
16,752
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade creditors
14,555
Other creditors
3,515
18,070
Totals
£
144,296
4,183
148,479
74,335
6,718
81,053
67,426
69,961
2024
£
16,368
(396)
-
-
15,972
2024
£
18,660
1,020
19,680

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continued...

Knightswood Community SCIO

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

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
67,426
-
Current assets
304,621
-
Current liabilities
(18,070)
-
353,977
-
2025
£
750
3,000
7,500
11,250
2025
Total
funds
£
67,426
304,621
(18,070)
353,977
2024
£
750
3,000
8,250
12,000
2024
Total
funds
£
69,961
286,251
(19,680)


336,532

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Comparatives for analysis of net assets between funds

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
69,961
-
Current assets
286,251
-
(19,680)
-
336,532
-
2024
Total
funds
£
69,961
286,251
(19,680)
336,532
2023
Total
funds
£
70,329
265,055
(29,349)
306,035

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continued...

Knightswood Community SCIO

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

16. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/24 in funds funds 31/3/25
£ £ £ £
Unrestricted funds
General fund 267,434 24,163 (5,046) 286,551
Designated Fixed Asset Fund 69,098 (6,718) 5,046 67,426
336,532 17,445 - 353,977
TOTAL FUNDS 336,532 17,445 - 353,977
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 127,970 (103,807) 24,163
Designated Fixed Asset Fund - (6,718) (6,718)
127,970 (110,525) 17,445
Restricted funds
Glasgow Communities Fund 137,594 (137,594) -
GCC Area Committee 4,500 (4,500) -
Glasgow Airport FlightPath Fund 2,000 (2,000) -
The National Lottery Community Led Fund 46,710 (46,710) -
190,804 (190,804) -
TOTAL FUNDS 318,774 (301,329) 17,445
Comparatives for movement in funds
Net Transfers
movement between At
At 1/4/23 in funds funds 31/3/24
£ £ £ £
Unrestricted funds
General fund 220,020 52,014 (4,600) 267,434
Designated Fixed Asset Fund 70,329 (5,831) 4,600 69,098
290,349 46,183 - 336,532
Restricted funds
National Lottery Cost of Living Community
Anchor Fund 15,686 (15,686) - -
TOTAL FUNDS 306,035 30,497 - 336,532

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continued...

Knightswood Community SCIO

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

16. MOVEMENT IN FUNDS - continued

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

Unrestricted funds

General fund
Designated Fixed Asset Fund
Restricted funds
Scottish Government
Glasgow Communities Fund
GCC Area Committee
National Lottery Cost of Living Community
Anchor Fund
TOTAL FUNDS
Incoming
resources
£
Resources
expended
£
Movement
in funds
£
128,303
(76,289)
52,014
-
(5,831)
(5,831)
128,303
(82,120)
46,183
32,500
(32,500)
-
137,594
(137,594)
-
10,086
(10,086)
-
-
(15,686)
(15,686)
180,180
(195,866)
(15,686)
308,483
(277,986)
30,497

17. RELATED PARTY DISCLOSURES

Other than those disclosed under note 8, there were no related party transactions for the year ended 31 March 2025.

18. PURPOSES OF FUNDS

General fund - the unrestricted, free reserves of the Charity.

GCC Area Committee – funding towards community garden equipment. Prior year funding was for video conference equipment enabling community groups and organisation to hold hybrid meetings allowing groups to meet in real time with individuals and organisations worldwide.

Glasgow Airport FlightPath Fund - funding to create a disabled friendly path from the Centre’s car park into the community garden to make the community garden open to everyone.

Glasgow Communities Fund - revenue grant funding from Glasgow City Council. Approximately two thirds of the grant is for salary costs, and the rest a contribution towards running costs of the Centre.

National Lottery Cost of Living Community Anchor Fund - funding to provide hot food, a warm space and attend a free cinema event for anyone struggling with the cost of living. This was a partnership event involving Ignite Theatre, The Caravan Project, North West Recovery Communities and Knightswood Connects.

Scottish Government - funding for staff costs to employ a Development Officer who is responsible for communications and marketing strategies, provide venue marketing materials/activities. Funding also paid direct to CEIS for their input as our business advisors.

Scottish Government - Capital - funding for purchase of kitchen equipment including installation and delivery to allow the cafe to be reopened.

The National Lottery Community Led Fund – funding for the costs of an FT Development Worker: Sessional Youth Worker; Sessional Events Assistant; Film Licenses; Activity Costs; Catering Costs and Marketing.

Page 14