REGISTERED COMPANY NUMBER: SC044474 (Scotland) REGISTERED CHARITY NUMBER: CSI)01323 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 ror Romano IAV The Kelvtn Partnership Ltd Chartered Accountants The Cooper Building 505 Great Weslern Road Glasgow G12 8HN
Romano Lav Contents of the Financial Statements for the Yegr Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 12 to 20 Detailed Statement of Financial Activities 21 to 22
Romano Lav Report of the Trustees for the Year Ended 31 Mareh 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objeetives and aims The organisation's purposes are: a) The prevention or relief of poverty among members of the Roma communities living in Scotland ("the Roma Communities )' b) The advancement of citizenship and community development among the Roma Communities. c) The advancement of the arts and culture, and in particular raising awareness, understanding and appreciation of Roma culture among the local communities in Scotland. d) The advancement of public participation in sport, and with reference to encouraging members of the Roma Communities to participate in sports activities. e) The provision of recreational facilities, or the organisation of recreational activities with the object of improving the conditions of life for the public at large (including member5 of the Roina Communities)" The advancement of education, and in particular supporting training andlor work experience for members of the Roma Communities with the object of improving their employability. g) The promotion of racial harmony, and in particular seeking to address issues of prejudice and discrimination against members of the Roma Communities: h) The promotion of equality and diversity, with a view to addressing social exclusion suffered by members of the Roma Communtties. and i) The relief of those in need among members of the Roma ComEnunities. by reason of age, ill-health, disability, financial hardship or other disadvantage. l and such tha¢ for the avoidance of doubL the organisation may further the above purposes by providing financial andlor other support to organisation (whether incorporated or unincorporated) which pursue one or more of the above purposes andlor initiatives. projects and events which advance one or more of the above purposes. ACHIEVEMENTS AND PERFORTrtANCE Charitable aclivities Over the past year, Romano Lav has delivered a wide range of activities advancing our charitable aims of challenging the racism, discrimination and disadvantage experienced by Roma communities in Glasgow. Our work continues to be rooted in a youth-led, rights-based approach, with Roma young people and community members playing central roles in shapin& delivering and leading our programmes. This reporting year marked a significant milestone for the organisation with the opening of Scotland and the UK'S first Roma Cultural Centre. The centre has strengthened our ability to deliver consistent accessible and high-quality activity. while providing a safe, welcoming and culturally affinntng space for Roma people to gather. learn, organise and celebrate. Across the year, our activities supported hundreds of Roma community members tlirough cultural events. youth leadership programmes, wellbeing groups, participatory research, advocacy, training and dir¢¢t support. Alongside this, we worked wilh partner organisations, schools and public bodies to improve understanding of Roma communities and promote inclusion. Page
Romano Lav Report of the Trustees for the Year Ended 31 March 2025 Community Catalysts Our Community Catalyst programme continued to support Roma young people to develop leadership skills, confidence and a strong understanding of their rights. We worked with young people across different stages of tlie programme, supporting tliem to deepen their learning and disseminate it wtthin tlieir communities and beyond. Catalysts played leading roles in planning and delivering cultural events, campaigning activity and research. They co-planned and delivered a Festival of Social Action, curated film screenings and panel discussions, and supported public-facing conversations on housing, education and anti-racism. They also supported Living Rent's campaign for affordable housing, delivering speeches at public actions that drew directly on their rights-based learning and lived experience. Several Catalysts undertook further skills developmenL including first aid training with the Scottish Ambulance Service. One young Roma woman progressed tnto a Trainee Community Worker role after three years in the programme. demonstrating the long-term leadership pathway the programme supports. Two Catslysts collaborated with the Glasgow Open Justice Centre and a local secondary school teacher to co-produce a scoping report on barriers to education for Roma childr¢n, contributing their lived experience to legal research and policy discussion. Another Catalyst was invited to speak at a Holocaust Memorial Day event in the Scottish Parliament. The programme also supported creative responses to rising anti-Roma racism. Following a highly racialised incident affecting a Roma family in Leeds, Catalysts worked with a scriptwriter to develop a short film challenging hostile narratives. While the decision was taken not to release the film publicly due to safety conceFns, the process enabled young people to apply their rIltS learning to real-world events and develop reporting and storytelliiig skills. Page 2
Romano Lav Report of the Trustees for the Year Ended 31 Mareh 2025 Cultur21 calendar of events International Roma Day Inteniational Roma Day has been celebrated annually in Cinvanhill since 2n14 the day e.ele.hrates Roma culture while raising awareness of the issues Roma people continue to face. This year's celebration w&$ one of our largest to date. Roma young people from the Community Catalyst programme and Community Renewal Rom Romeha delivered powerful speeches rooted in their human Tights learning, alongside invited speakers. Around 200 people took part in the parade through Govanhill, followed by a celebration attended by over 300 people, featuring tradilioiial food, music and dancing. The event was co-planned with Community Renewal Roma Genocide Memorial Day We commemorated Rorna victims of the Hol(xaust on 2 AUgL, holding the ceremony at the Roma Cultural Centre for the first time before processing to Queen's Park lo visit the Roma Geno¢Fde memorial stone installed in 2019. Around 50 people attended, including Roma and non-Roma community members. The prograrnme included a film screening.. speeches, poelry and music. with Roma young people leading key elements of the event and linking historical persecution to contemporary human rights. St NiehoAas Day St Nicholas Day remains a central part of our cultural calendar. This year marked the first celebration hosted al the Cultural Centre. Over 200 cliildren and their families attended, with each child receiving a gift. Using our comrnunity vehicle, staff also delivered presents to families unable to attend events, bringing the total number of children r¢a¢hed to 246. The Rom4 Cultural Centre After more Ihan ten years of community-based work, Romano Lav realised a long-held goal with the opening of Scotland's first Roma Cultural Centre. The centre houses exhibitions Celebrating Roma culture and a growing community archive produced by and for the community. It also functions as a community hub. offering vital social and recreational space and supportiiig a range of activities. The centre was launched in June 2024 with a celebrdtion allended by approximately 120 people. featuring film. live music. dancing and speeches from invited guests including Turner Prize-nominated Roinani artist Delaine Le B&s and our founder Since opening, the centre has enabled improved delivery across all areas of our work. It has supported stronger participation, increased dignity and privacy for wellbeing activities, deeper community ownership. and greater inter-community cohesion. The space has already becoine a focal p)int for Roma identity, pride and collective action. Women's wellbeiug and International Women's Day programme of events We ¢ontinu¢d our programme of wellbeing and empowernient activities for Roma women, providing safe, supportive and culturally affirniing spaces focused on mental wellbeing, confidence-building and social coiinection. Activities in¢luded regular wellbeing sessions as well as an expided programme of events to mark Inlemational Women's Day. Page 3
Romano Lav Report of the Trustees for the Year Ended 31 March 2025 This year, Intemational Women's Day developed into a series of interconnected events celebrating Roma women, addressing gendered discrimination, and promoting human rights tEough creative and accessible approaches. Activities included a wellbeing event, a young women's empowern]ent workshop, a film screening, and a Roma-led f&8hion show hosted at the Roma Cultural Centre. A Central feature of the programme was Romane Phenia Sar Jag Phabol ("Roma Sisters are the Burning Fires"), a fashion show created in response to the increasing demonisation of Roma women, particularly those wearing traditional dress in public and online. The event sought to counter harniful stereotypes by centring pride, visibility and celebration. The show was entirely Roma-led and brought logether 25 Roma women and girls &8 Inodels, supported by friends, family and the wider community. Traditional dress was presented as a source of cultural pride and identlty. Human rights education was woven throughout the programme in accessible ways, with references to specific articles of the Human Rights Act and speeches delivered by Roma young leaders highlighting equality, dignity and ¢mpowernierkt. The impact of the programme was multi-layered. Young women gained confidence and visibility, older women engaged for the first time wtth rights-based learning. and staff and volunteers developed new skills in curatorial and archival practice. Infomial learning took place backstage, with intergenerational conversations around rights, culture and shared experience. Across the wider wellbeing programme, women consistently reported increased confidence, reduced isolation and improved mental wellbeing. The availability of the Cultural Centre significantly improved dignity, privacy and comfort. enabling women from different Roma communities to participat¢ together and strengthening soctal cohesion. Men's wellbeing groups We continued to deliver wellbeing groups for Roma men, focusing on peer learning, ESOL. cooking and social connection. These sessions brought together men from different Roma communities and supported integration, confidence-building and mutual support. The programme benefited from the involvemenl of a university Student placement, which strengthened delivery capacity while supporting skills development for staff and volunteers. Participatory Action Researeh Building on a long-standing partnership with The Poverty Alliance. Romano Lav continued to deliver Participatory Action Research (PAR) that places Roma lived experience at the centre of evidence-building, learning and action. This work supports Roma community members, particularly young people, to develop research skills whtle generating robust, rights-based evidence lo influence policy and practice. During the year, Roma community researcher5 worked alongside The Poverty Alliance to investigate issues relating to houstng and the local environment, areas consistently identified by the community as major balerS to rights-realisation. Four young Roma researchers received training and ongoing support in human Tights. research methods, policy engagement and communications. Using a participatory, rights-based approach. the researcliers designed and delivered surveys and interviews with Roma residents in Govanhill, engaging 45 community members. The research explored lived experiences of housing condttions, overcrowding, insecurity, landlord practices and the impact of environmental conditions on wellbeing. Researchers were supported to analyse findings collectively and to situate personal experience within wider structural and human rights frameworks, strengthening their understanding of how inequalities are produced and maintained. Page 4
Romano Lav Report of the Trustees for the Year Ended 31 March 2025 Beyond data collection, the PAR process has been equally focused on learnin& confidence-building and roules to influence. Roina researchers have been working wtlh The Povety Alliance to identity MSPS. councillors and other stakeholders to share findings and advocate for change. This has supported young people to see how their knowledge and experience can contribut¢ directly to policy conversations, and to develop the confidence to engage with decision-makers. Community archive, heritage and education work We continued to develop our community archive and cultural heritage work, with a strong focus this year on ethical refleclion, skills development and education. Staff and cotnmunity memkrs undertook archive Iraining to strengthen our approach to collecting, preserving and sharing Roma histories in ways that are safe, community-led and responsive to the current climate of rising racisrn. Roma young people participated in storytelling workshops, building skills in documenting and creatively sharing cultural lieritage. Archive material also featured in scliool-ba5ed learning aiid cultural eveiits, supporting Roma cli11dli a]Id young people to see their history and culture valued in educational settings. A key piece of this work was our ongoing collaboration with on comrnunity storytelling and cultural education. Working with pupils aiid tlieir l<uiiilies. we suppoiied the ollection of Iradilional stories and folktales shared across generations. This resulted in the publication of the community folktsles book We Tell Stories: The Chicken King and Other Tales, which celebrates the rich oral storytelling traditions of Roma and other communities in Govanhill. The projecl created opportunities for children to see their family stories reflected in print. strengthening cultural pride and intergenerational connection. It also supported teachers and pupils to engage wilh Roma culture in a positive and meaningful way, contributing to greater understanding and inclusion wilhin the school commiinity. The book and wider storytelling work have since been used as cultural resources within our programmes and shared with visiting artists and partners, reinforcing the role of storytelling as a powerful t£1 for cultural visibility, education and community cohesion. CineRomo Film FestlVAI 2024 In August 2024, Romano Lav co-curated the second edition of CineRoma, the UK'S first Roma film festival, in partnership wilh Offline Cinema (formerly known as GAMIS). CineRoiiia is a tllree-day festival showcasing a diverse range of films made by and featurlng Roma people, exploring ihemes such self-perceptioii, identity: history and syste$ of power. The festival was co-curated with Roma young people. enabling them to shape screening choices and contribute to programme development. strengthening their creative and cultural leadership. The opening film screening featured Cannen, No Fear of Freedom. a powerful documentary aboui Roma wornen's activism and freedom, paired with collaborative work from the Romano Lav-led Roma Youth Filmmaking Group. This feslival provided a unique platforni for Roma voices in cinema and deepened community engagement with film as a medium for cultural expression and rights-based storytelling. Page 5
Romano Lav Report of the Trustees for the Year Ended 31 March 2025 Community vehicle Acquiring our first community vehicle has been transformative for the organisation and the coinmunity we serve. It has removed a long-standing barrier to participation by enabling free transport to cultural events, wellbeing activities and days out. The vehicle has supported school engagement, enabled musicians and dancers to travel with equipment, facilitated delivery of furniture and essential items, and allowed staff to deliver Christmas gifts to families unable to attend events. Unexpectedly, the vehicle has also be¢oine a vital link for Roma communities outside Govanhill, including supporting participation from the Polish Roma community in Clydebank and assisting families at times of bereavement. Overall, it has reduced isolation, strengthened inclusion, and made delivery of our work more efficient and accessible. FINANCIAL REVIEW Financial review Total income received in the year was £163,790 {2024..£140,802) which mainly consisted of grant awards. whilst expenses were £162.182 (2024.. £130,205) resulting in an accounting surplus of £1,608 {2024: £10,597). Total funds at the balance sheet date were £49,253 (2024 .£47,645) consisting of £28,480 (2024..£45,533) unrestricted funds and £20,773 (2024..£2,112) restricted funds. The balance of restricted balance funds are monies received kfore our year end for specific charitable activities, which will be spent in subsequent accounting period. Reserves policy The trustees continue to closely monitor the Charity's finances, with the agreed policy objectives of securing the future of the Charity's work and projects by establishing a working reserve to provide at least 3 months full operational costs, and maximising funds available to promote and support the Roma communities. STRUCTURE, GOVKRNANCE AIYD MANAGEMENT Governing document Romano Lav ('the charity,) is a recognised Scottish Charitable Incorporated Organisation (SCIO) (No. SC044474. governed by its Memorandum and Articles of Association. The company was registered with OSCR on 3 December 2013. Recruitment and appointment of new trustees The trustees are Scottish Charitable Incorporated trustees for the purposes of charity law. The Memorandum and Articles of Association contain clear and specific guidelines that outline the processes and procedures for the appointment of the trust¢es. Induetion and training of new trustees New members of the Board are provided with an initial information pack containing: previous minutes of Board Meetings and literature associated with the business of the charity. The Trustee's receive appropriate training by attendance at development days and Goveman¢e training. Page 6
Romano Lftv Report ofibe Trnstees for the Year Ended 31 March 2025 STRUCTURE, COVERNAF4CE AND MANAGEMEKr Rlsk management Trustees of the cltsrity have d¢volved to the operations responsibility to (kvelop, Maintain and rept on a Risk Register for the organisation in order to ensure: Regular review of the risks that the organisation rnay face (at least quarterly) The establishment of syst¢ms and procedures to mitigate identifi¢d risks The implementation of proceduffs deSid k) minimise any potential impact on the charity should those risks materialise Regbtered Compny number SC044474 (Scotland) Registered Charity number CSOOI 323 Registered office Trnstees Indepepd¢Dt ExAmiDer The Kelvin Parts]ership Ltd Chartered Accountants Th¢ C(per Building 505 Great We5tem Road GJ&sgow G12 SHN Approved by order of the board of tTUStees on 18 December 2025 and sign¢d on its behalf by: Page 7
Indcpendent Examiner's Report to the Trustees of Romano Lav I report on the accounts for the year ended 31 March 2025 set out on pages nine to twenty. ResPLYtive responsibilities of trustees and eiamfiner The charity's irustees are responsible for the preparation of the accounts in accordance with the temis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charilies Accounts (Scotland) Regulations 2006 (as amended). The charity's trusiees consider that tli¢ audit requirernent of Regulaiion 10(IXa) 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 io stale whether particular matters have come to my attention Basis of the independent examiner's report My examination was catTied out in accordance with Regulation I l 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 ilems or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do noi provide all the evidence that would be required in an audiL and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with iny examination, no matler has come to my attention . ( l) wliich gives me reasonable cause to believe thal in any material respec( the requirements to keep accounting records in accordance wttli Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and to prepare accounts which accord with the accoLmting 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 understsnding of the accounts to be reached. The Institute of chartered Accounlants in England and Wales The Kelvin Partnership Ltd Chartered Accountants The Coopcr Building 505 Great Western Road Glasgow G12 8HN 18 December 2025 Page 8
Romano Lav Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 15.030 15,030 17,316 Charitable aetivities Charitable Activities 34,501 109,900 144,401 23,486 Other trading a¢tivities 4,359 4,359 Total 53,890 109.900 163,790 140,802 EXPENDITURE ON Charitable activities Charitable Activities 70,943 91,239 162,182 130,205 IET INCOMEI(EXPENDITURE) (17,053) 18.661 1,608 10.597 RECONCKLIATIO]Y OF FUNDS Total funds brought forward 45.533 2,112 47,645 37,048 TOTAL FUNDS CARRIED FORWARD 28,480 20,773 49.253 47,645 The notes fonn part of these financial statements Page 9
Romano Lav Balanee Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 11,908 10,573 22,481 10,040 CURRENT ASSETS Cash at bank 18,661 10,200 28,861 39,861 CREDrroRS Amounts falling due within one year (2,089) (2.089) (2,256) NET CURRENT ASSETS 16,572 10,200 26,772 37,605 TOTAL ASSETS LESS CURRENT LIABILITIES 28,480 20.773 49.253 47.645 NET ASSETS 28,480 20,773 49,253 47,645 FUNDS Unrestricted funds Restricted funds 28.480 20,773 45,533 2,112 TOTAL FUNDS 49,253 47.645 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thal the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes fonn part of these financial statements Page 10 continued..
Rom*Do IAV Bal4Dee Sheet- eontlau 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject lo the srnall companies regime. The financial statements were approved by the Board of Tnjstecs and authorised for i&8ue on 18 December 2025 and were signed on its behalf by: The notes forni part of these fjnancial stslements Page 11
Romano Lav otes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements These financial statements have been prepared in accordance wtth Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland (FRS102). The financial statements have also been prepared in accordance with the Charities Accounts(S¢otland) Regulations Act 2006 and the Charities and Trustee Investment (Scotland) Act 2005. The charity is a public benefit entity as defined by FRS102. The accounts are prepared in sterling, which is the functional currency of the group. Monetary amounts in these financial slatements are rounded to the nearest pound. The accounts have been prepared under the historical cost convention. The princtpal accounting policies adopted ar¢ set out below. These policies have been consistently applied to all periods presented. Critical accounting judgements and key sources of estimation uneertainty In the applicalion of the charity's accounttng polftcies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumpttons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions ar¢ reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affecls both the urrent and future periods 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 recetved and the amount can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the ¢v¢nt that a donation is subje¢t to conditions that require a level of perfornEance before the chartty is entitled to th¢ funds, the income is deferred and not recognised until either those conditions are fully met of the fulfilment of those conditions is wholly within the control of the charity and it is probably that those conditions will be fulfilled in the reporting period. Income from government and other grants, whether capital" or revenue" grants is recognised when the charity has entitlement to the funds, any performance Conditions attached to the grants have be¢n met. it is probable that the incom¢ will be received, and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. Pag¢ 12 continued...
Romano Lav Notes to the Finaneial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - eontinued Expenditure Liabilities are recognised as expenditure as soon &$ ther¢ 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 settlernent and tlie amount of the obligation can be measured reliably. Expenditure is accounted for on an a¢¢ruals basis and has been classified under headings that aggregate all cost related to the category. Where costs ¢annot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Governance costs Governance costs (which are included as a component of support costs (in accordance with SORP) comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requireirkents, external scrutiny (aud&t or independent examination). Tangible flxed assets D¢pr¢¢iation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property over the temi of the lease Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountRng 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 natu and purpose of each fund is included in the notes to the financial statements. Going Concern The Trustee5 are obliged to consider the appropriateness of the going concern assumption when preparing the financial statements. The trustees are satisfied that funding for 2023-24 is adequate to ¢nsure the viability of the charity. Consequently, the Trustees believe that there are no material uncertainties affecting the charity's ability to continue as a going concern and, accordingly, the financial statements are prepared on a going concern basis. Financial instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all its financial instruments. Financial instruments are recognized in the charity'5 financial statements when the charity becomes party to the contractual provisions of the instrument. Page 13 continued...
Romano Lav Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2025 ACCOUNTING POLICIES - continued Financial assets and liabilities are only offset, with the net amounts presented in th¢ financial statements, when there is a legally enforceable right to set off the recognised amounts and there ts an intention to settle on a net basis or to realtse the &sset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised ¢ost using the effective Rnterest method unless the arrangement constitutes a financing transaction is measured at tlie present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Impairment of financial assets Financial assets. other tlian those held at fair value through profit and loss, are assessed for indicators of impaiment at each reporting end date. Derecognition of financial assets rinancial assets are derecognised only when the contractual rIlts to the cash flows from the asset expire or are Settled. or when the charity transfers the financial assct and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the &sseÉ in its entirety to an unrelated third party. Classification of financial liabilities Financial liabilitie5 and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Basic financial liabilities B&sic financial liabilities. including creditors and loans are initially recognised at transaction price and are subsequently carried at amortised cost, using Ihe effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business frorn suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short term liquid investment with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing in current liabilities. Provisions Provisions are recognised where a legal or constructive obligation has been incurred which will probably lead to an outhow of resources that can be reasonably estimated. Provisions are recorded for the estimated ullin]ate liability that is expected to arise, iaking into account the time value of money where material. A contingent liability is disclosed where the existence of the obligation will only be confinned by future events, or where the amount of the obligation cannot be measured with reasonable reliability. Contingent assets are not recognised but are disclosed where an inflow of economic benefits is probable. Page 14 continued...
Romano Lav Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Venue Hire 4,359 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.3.25 31.3.24 Depreciation - owned assets 17,635 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 There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMEiYf OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Totat funds INCOME AND ENDOWMENTS FROM Donations and legacies 17,316 17,316 Charitable activities Charitable Activities 38,240 85,246 123,486 Total 55,556 85,246 140.802 EXPENDITURE ON Charitable activkties Charitable Activities 32,184 98,021 130,205 NET INCOMEI(EXPENDITURE} 23,372 (12,775) 10,597 RECOIYCILIATION OF FUNDS Total funds brought forward 22,161 14,887 37,048 Page 15 continued...
Romano Lav Notes to the Financial Statements - continued for the Year Ended 31 Marth 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- Continued Unrestricted Restricted fund funds Total funds TOTAL FUNDS CARRIED FORWARD 45,533 2,112 47,645 TANGIBLE FIXED ASSETS Improveinents to Motor vehicles Computer equipment property Totals COST At l April 2024 Additions 10.040 19.882 10,040 30,076 8,695 1,499 At 31 March 2025 29,922 8,695 1,499 40,116 DEPRECIATION Charge for year 14.961 2,174 500 17,635 NET BOOKVALUE At 31 March 2025 14,961 6.521 999 22,481 At 31 March 2024 10,040 10,040 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other creditors Accruals and deferred income 1.489 600 1,656 600 2,089 2,256 Page 16 continu¢d...
Romano Lav Notes to the Financial Statements- continued for the Year Ended 31 Mareh 2025 LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 31.3.25 31.3.24 Within one year Between one and five years 28,000 28,000 28,000 56,000 56,000 84,000 MOVEMENT IN FUNDS Net movement in futEds At 31.3.25 At 1.4.24 Unrestricted funds General fund 45,533 (17,053) 28,480 Restricted funds Equality and Human Rights Fund Awards for All St Nicholas Care fund Clothworker's Foundation Foundation Scotland The Robertson Trust 6,817 (2,112) 863 6,823 2,520 3,750 6.817 2,112 863 6,823 2,520 3,750 2,112 18,661 20.773 TOTAL FUNDS 47.645 1,608 49,253 Page 17 continued..
Romano Lav Notes to the Financial Statements- continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS - continued Net movement in funds, included in tlie above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 53,889 (70,942) (17,053) Re$tri¢ted funds Equality and Human Rights Fund Awards for All Seven Friends foundation St Nicholas Care fund TC Young Amnesty International Clothworkevs Foundation Foundation Scotland The Robertson Trust 73,598 (66,781) (2,112) (1,320) (1,214) {3,050) (4,981) (8,177) (2.355) (1,250) 6,817 (2,112) 1,320 2,077 3,050 4,981 15.000 4,875 5,000 863 6,823 2,520 3,750 109.901 (91.240) 18,661 TOTAL FUNDS 163,790 (162,182) 1,608 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 22,161 23.372 45,533 Restricted funds Wellbeing The National Lottery Sported Glasgow City Council (Let's Grow Together) Awards for All 9,892 1,054 500 (9,892) (1,054) (500) 3,441 (3,441) 2,112 2,112 14,887 (12,775) 2.112 TOTAL FUNDS 37,048 10.597 47,645 Page 18 ontinued...
Romano Lav Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2025 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in Ihe above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 55,556 (32,184) 23,372 Restricted funds Wellbeing Equality and Human Rights Fund The National Lottery Sported Glasgow City Council (Let's Grow Together) Awards for All Scottish Government (DHNB) (9,892) (73.598) (1,054) (500) (9,892) 73,598 {1,054) (500) (3,441) (6,536) (3,000) (3,441) 2,112 8,648 3,000 85,246 (98.021) {12,775) TOTAL FUNDS 140,802 (130,205) 10,597 GCVS Well-being Fund to fund a 14 week well-being programme for Roma women centred around mental well-being. craft based skill building and togetherness. A booklet detailing the outcomes of the proj ect will also be produced, as well as a community fashion show to celebrate the achievements of the women. Activity took place in the following financial period. Equality and Human Rights Fund our core funding following the end of the PEC fund. Main events funded in this period were St Nicholas Day and International Women's Day. Main activity funded in this period w&8 the first ph&se of our rights-b&8ed Community education programrne (recruitment of 12 Roma young people. liaison with 8 partner organisattons and indtviduals to produce the programme, which r an for 8 weeks) and outreach work around COP 26. The National Lottery Fund to provide support to families most affected by the cost of living risis. Alongside cash and vouchers being distributed to these familie5, a weekly baby supplies delivery service to 40 fa milies over a 14 week period. The fund helped 1190 people. Sported Fund - to support young people get more involved in football. Glasgow City Council (Let's Grow Together) Fund to fund the creation of planters and equipment to aElow local Roma people to grow their own fruits and vegetables, as well a5 provide growing opportunities for community members out side our space. Awards for All to empower young Roma people to participate in creating a short film and co-curating a Roma film festival. Scottish Government (DHNB) - lo support young people with travel costs to attend the annual Dikh He Na Bister conference in Krakow, Poland to participate in learning about the Roma Gcnocide and Human Rights. Page 19 continued..
Romano Lav Notes to the Financial Statements - continued for the Year Ended 31 March 2025 10. RELATED PARTY DISCLOSURES There were no related party transactions for tlie year ended 31 March 2025. 11. RELATED PARTY TRANSACTIONS No trustees received remuneration or expenses in the year to 31 March 2024 (2023 - £nil) 12. LIABILITY OF MEMBERS The charity is a SCIO and has no share capital. The members do not have any liability in the event of winding up. Page 20
Romano Lav Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 15,030 17,316 Other trading activities Venue Hire 4,359 Charitable activities Grants 144,401 123,486 Total incoming resourees 163,790 140,802 EXPENDITURE Charitable activities Wages Staff Travel Extemal Staff Interpreting Materials Venue Hire Communtty Activities Volunteer Expenses Rent and rates fnsurance Stationery Office Sundries Board Staff Training & Development Payroll Maintenance Support Workers Bank Charges Website/IT TelephonelInt¢met Staffing Grant payments Donations External Facilitation Catering Emergency payments Motor expenses Professional Fees Carried forward 57,843 45.943 185 4,897 100 1,312 1,114 20,437 757 14,060 389 511 858 810 373 5.292 142 468 353 12,888 1.093 750 6,558 1,881 8,134 600 95 3.144 1,163 19,482 728 28.048 1,084 715 642 1.193 1.035 116 490 674 10,701 50 4,496 5,052 300 2,080 3,916 143,647 129,305 This page does not fonn part of the statutory financial statements Page21
Romano Lav Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 CharÉtable activitles Brought fonvard Improveinei)ts to property Motor vehicles Computer equipment 143,647 14,961 2,174 500 129,305 161,282 129,305 Support eosts Governance costs Endependent examiner 900 900 Total resources expended 162.182 130,205 Net income 1.608 10,597 This page does not form part of the statutory financial statements Page 22