The Glad Foundation A Scottish Charbty Trustees Reports and Financial Statements for the year ended 31 March 2025 The Glad Foundation A Scottish Charitable Incorporated Organisation Contents Page Le8al and administrative information Tru5tees' report 24 Independent examiner's report Receipts and Payments Statement Statement of Balances Notes to the financial statements io The Glad Foundation Legal and administrative information Charlty number SC045444 Charity Address Trustees
The Glad Foundation SC045444 TrusteesAnnual Report for the year ended 31st Marth 2025 The Trustees presents their report5 and the financial statements for the year ended 31st March 2025 Objetts and aims of the Charity Choritoble Purposes The charity's purposes are to advance education and io advance the arts and culture ihrou£h= Provision of free or low cost music tuttion for children. young adults arKI the widercornmuntty Organi5ation and delivery of activities and events with a focus on rnu5ic. perfomiance arts and local culture in the South Side of Glasgow. SignificGntArtivitie5 The charity's principal acti¥itie$ 3re-. Provision of music les50n5 - Comrnunity Choir Delivery of Cornmunity Events Achlevernents and Perforniae Description of ChLTritcbleArtivitie5 Over the courye of this year, we rarn Eood-qualiiy versions of our programmTnL Wlth some changes. We introduced a new programme (Glad Days). and have put one programme on hiatu5 IGuitar Clubl. We also investigated Thew cornmunitv partnerships, offering workshops in partnership with oiher local groups, and have discontinued ourfinancing of Hear My Music. Page 1 of 10
Core programming chonges There were also sorne changes in our core programming-. The Gvitar Club for youth aged 11- 14 was given a fresh start with a new instructor, but after many un5ucce55ful efft)rts to restart the pro8iamme. we have decided to put it on temporary hi3tus while we reassess our programming for this age bracket. After careful coThsider3tion. we have also ceased funding our partner organization Hear My Music. We are proud to have 5LlPPOrted the group in becotning healthy and successful. but feel that as they are now fully functioning Organization. we will direct our funds to our own programming and organizational goa15 Arjnettestreet DrurFJmers The Annette Street Drummers, our longstsnding drumming program for at-risk children that is run from Annette Street Primary, was a succe55, and operated rlluch on the same scale as pievious year5. We had a full r05tei of children attending, with over 50% new students. The group also participated in 6 community performances for the wider public. givin8 thern an invaluable experience in 5eein8 new parts of the city and receivingvalidation from their cornmunity and peers. Kids Choir Our Kids Choir, an acce$5ible choir for PTimary4chool aged childn, ran sucie55fv11y. with an increase in numbers over the course of the year to include a full roster by the final terrn.The children and parent5 were very happy wth the experience. GlodDGyS We a150 hosted a series of 3 public workshop eveNts, called Glad Day5. These built on our past work. and were h05ted 3t the Glad Cafe in partnership with Glad Rags. Activities included a songwriting workshop with 2 touring musicians a workshop on sarnpling for electronic music Ihosted by local musician}, and a Guitar Workshop for youth. These were run alongside a programme of ectrfashion workshops led and organized bv Glad Rags. Widercommunityengogement We also built connections in the wider community. As a part of these efforts. we co-h05ted a workshop Series for people new to music making with The Glasgov4 Improvisers Orchestra, led by researchers from Glasetsw University and Universita della Calabria Iltalyl. We a150 hosted a guitar workshop at a nearby community centre ICrossroad5 Youth As50ciationl. In addition, we held conversations with Refuweegee about cating moTe in-ioads for isolated adults to participate in our programmes. Page 2 of 10
The Glad Foundation TrusteesAnnual Report for the year ended 31st March 2025 Financial Review The Charity returned a modest surplus1£1251 in this period The Charity retained total assets of £22.967 Reserves Policy It 15 the policy of the Trustees to hold reserve5 equivalent to three months running c05t5 based on the year end 31st March 2025, this equates to E9,1(M). As the Balancè Sheet unrestritted reseNes stood at £21,152, therefore the trustees are satlsfied that this policy 15 being met. Funds in exces5 of the reserves policywill be reinvested in the development of the Foundation. The Trustees dec13re thatthey have 3SPTO"ed the report 3bcve SiÈned.. Date.. 21st November 2025 Page 3 of 10
The Glad Foundatlon Independent Exarninerfs Rem to the Tru5tee5 of The Glad FndlI I report on the accounts ofthe tharity for the year ended 31st Marth 2025 Rsptctiv• r•spon5ibiliknS of Trustees and xaminer The charivs Trustees are responsible for the preparation of the accounts in accordance with the terms of the tharitles and Trustees Inve5trnent Iscotlandl Act 2(5 and the CharitTres Acmunts Iscotlandl Regulations 26. The charityTru5tees con5iderthat the art requirement of Regulation ILMII lal to Icl of the 2l Accounts Regulation5 does not apply. It is my responslbility to examine the accounts as required under section 4411) Icl of the Act and to state whether particular matters have come to my attention. 8Jsls of Irthpendent exornlnerfs slaternl My èxamlnatlon Is tarrled okrt In atcordance wlth Regulatlon 11 of the 2(Th Attounts Regulations. An examinatwjn Includes a review of the accountin8 records kept by the charlty and a comparison of the accounts presented with those records. It also Includes considèration of any unusual Ittms or di5dosurs in th* actounts. arTrd sttk5 txplanations from the Trustees concernin8 any such matters. The procedures undertaken do not provide all the eviderKe that would be required in an audit, and con5equentty I do not expre55 an audit opinion on the view grven by the accounts. Independent examlnerf$ s¢•lement In the course of my examination, no matter has come to my attention l. whlch gives me reasonable cause to believe that in any material SpeCt the requlrements to keep accounting records In accordance wlth Section 4411) (al of the I5 Act and Regulation 4 of the 25 Accounts Regulation5 have not been meL 2. which. In my oklnlon. attention should be drawn in orderto enabbe a proper understanding of the accountsto be reathed. 2tst Na¥ember2025 Page4 of 10
The Glad Foundatlon Statement of Hnanclal Acll¥llkn Iln(orpwa*the IrK¢>me and e¥wrnllknwe •ccourt) Forth• year ended 3tst Marth 2025 2025Totsl Incomlrq R•1(0$ Incomlng R•sourtss from generatlns fvnds: Donation5 Grant5 Charitable Actlvrf(les 7.418 7.418 12,782 731 7.940 8,583 1585 12282 731 Totsl IKoM1 rosouttos Charitable Actlvitles C05t 465 6,451 11,116 10.4YJ L563 Trading Costs Governance costs: 5.545 103SS 10.4SI 20.806 17.558 Nel Inwn1rf{wlkn1j res¢Jurrns lorthe y¢•r .L706 125 Totsl funds br forward 2258 22,858 22308 Totsl funds ¢JThled forw•rd 16 Page sof 10
The Glad F¢undation ststement of Balances as at 31st March 2025 Cash Fd5 21125Tolal Cash bank balance5 at start of year Surpluslldeficitl shown on recelpts and payments account 22%58 .L706 22,858 125 22308 Cash and bank balanw at end of year 21.152 1.831 22,983 22,308 Ftxed Aets 134 Uatsllltles Accountsncy Fee5 -150 -Iso -iyJ -150 -150 Grnnd Total 21,136 1.831 22.%7 22,158 $ld for¥nd behall of theTnte•5 Signature Print Name 21st Novèmber 2025 Page 6 of 10
The Glad Foundatlon Note$ to the A¢counts ft)r the year ended 315t Marth 2025 l. Basb of Preparatlon These accounts have been prepared on the Receipts and Payments basi5 in accordan with the Charilie5 and Trustee Investment15cotlandl Act 2(NJ5 and ihe Charities Auounts (Scotlandl Re8ulaiions 2LK6 las amended) Analysis of Receipts and Paynnts 2. Donatlons General Glad Ra 25CIClub Totsl 1.%3 3.250 2,205 7.418 2.205 7.418 45 7.985 3. Grants Creatlve Stotland IDtferied at 3V3110241 Gla¥ow City Council. Glad Days Endrick Trust. knnette StTeet Dwurnmers Foundatlon 5cotland.Annene5treei [ln$ 8583 4.282 4,282 12.782 12,782 8.583 4. Income from Ch?rit•ble Artivibes Kidschoir rbi r81 Total 731 731 1,540 5. Tradln8 Income Guitar Lessons T¢)t31 7. Charitable Acti¥llies Costs Glad Spectrum Glad Dtys Annette Street Drummu5 Kids Choir Inttruttors L451 1,451 8,365 3,365 Page 7of 10
The Glad Foundatlon Report and Accourrts for the Year Ended 31 Marth 2025 Notes to the Accounts . Trndlng Costs PrDfes$lonal Fees 122 812 629 Bank & FinarKe Costs Gultar Lessons 9. fjovernance Costs 1025T•W Accountancy Fees Other Profewonsl Costs Salaries Stsff Per100$ DeprecSatlon 150 2[ 8.ILYI 1,189 45 206 4.1(• 1,189 45 5231 164 9,65 5,545 10. Flxed A55ets IT Equlpm•rt Costat l Aprfl 2024 214 214 AddOn$ 179 179 Depredadon * i Aprtl 2024 214 214 Che forYe4r 45 Depredatlon at 31 Marth 2025 214 4S 2S9 Net Botskvalue 3t 31 March 2025 134 14. Creditors kndependent Examln*lon Fee Page 8 of 10
The Glad Foundatlon Report and kcounts lorthe Year Ended 31 Marth 2025 Notes to the ACt¢Thts 15. Related Partv Tran5artions The trustees re£elved no remuneration dur6 the year12024.. 14111 Glad Rag5 Cmperative donates lund5 to the chartty when it generztes sufficient proffts to do 50. £3,250 of donaUons were made thls year12024: £3,LXK)I 16. Funds Analysls Openi Balance Ch)sing 01.Aw.14 Recetpts Plyts Tnnstvs 31-Mar-15 General 22.858 22.858 8.649 8.649 10.355 10.355 21.152 2L152 Grants Rece 12282 10.451 1.831 Grafyj Tot•1 22.858 20331 Page 9 of 10