**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 -----**<br>
Page<br>Reference and Administrative Details  1<br>Report of the Trustees  2  to  3<br>Independent Examiner's Report  4<br>Statement of Financial Activities  5<br>Balance Sheet  6<br>Notes to the Financial Statements  7  to  14<br>**----- End of picture text -----**<br>




## **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 : 

- (1) which gives me reasonable cause to believe that, in any material respect, the requirements 

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and 

- to prepare accounts which accord with the accounting records and to comply with Regulation 8 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. 


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**<br>**for the Year Ended 31 March 2025**|||
|---|---|---|
|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**Notes**<br>**£**<br>**£**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>170<br>190,804<br>Other trading activities<br>3<br>122,800<br>-<br>Other income<br>4<br>5,000<br>-<br>**Total**<br>127,970<br>190,804<br>**EXPENDITURE ON**<br>**Charitable activities**<br>5<br>Local community centre and related projects<br>110,525<br>190,804<br>**NET INCOME**<br>17,445<br>-<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>336,532<br>-<br>**TOTAL FUNDS CARRIED FORWARD**<br>353,977<br>-|**2025**<br> **Total**<br>**funds**<br>**£**<br>190,974<br>122,800<br>5,000<br>318,774<br>301,329<br>17,445<br>336,532<br>353,977|**2024**<br> **Total**<br>**funds**<br>**£**<br>180,980<br>122,503<br>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**<br>**FIXEDASSETS**<br>Tangible assets<br>11<br>**CURRENT ASSETS**<br>Debtors<br>12<br>Cashat bankandin hand<br>**CREDITORS**<br>Amounts falling due within one year<br>13<br>**NETCURRENTASSETS**<br>TOT**AL ASSETS LESSCURRENTLIABILITIES**<br>**NET ASSETS**<br>**FUNDS**<br>Unrestricted funds:<br>16<br>General fund<br>DesignatedFixedAsset Fund<br>**TOTAL FUNDS**||**2025**<br>£<br>67,426<br>16,752<br>287,869<br>304,621<br>(18,070)<br>286,551<br>353,977<br>353,977<br>286,551<br>67,426<br>353,977<br>353,977|||**2024**<br>£<br>69,961<br>15,972<br>270,279<br>286,251<br>(19,680)|
|---|---|---|---|---|---|
|||||||
||||||266,571<br>336,532|
||||||336,532|
||||||267,434<br>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 Charities and Trustee Investment (Scotland) Act 2005; 

- Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006; 

- the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities; 

- '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, published in October 2019 (FRS 102)' ("the Charities SORP"); - UK Generally Accepted Accounting Practice; and 

- the historical cost convention. 

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



Page 8 

continued... 



## **Knightswood Community SCIO** 

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

## **3. OTHER TRADING ACTIVITIES** 

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



Page 9 

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



Page 10 

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## **Knightswood Community SCIO** 

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

## **11. TANGIBLE FIXED ASSETS** 

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



Page 11 

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<br>Between one and five years<br>In more than five years<br>**ANALYSIS OF NET ASSETS BETWEEN FUNDS**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>Fixed assets<br>67,426<br>-<br>Current assets<br>304,621<br>-<br>Current liabilities<br>(18,070)<br>-<br>353,977<br>-|**2025**<br>**£**<br>750<br>3,000<br> 7,500<br>11,250<br>**2025**<br>**Total**<br>**funds**<br>**£**<br>67,426<br>304,621<br>(18,070)<br>353,977||**2024**<br>**£**<br>750<br>3,000<br> 8,250<br>12,000<br>**2024**<br>**Total**<br>**funds**<br>**£**<br>69,961<br>286,251<br>(19,680)|
|||<br>|<br>336,532|



## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **Comparatives for analysis of net assets between funds** 

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



Page 12 

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

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