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 Perfornia￿e
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 child￿n, 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 c￿ating 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 F￿nd￿lI
I report on the accounts ofthe tharity for the year ended 31st Marth 2025
R*sptctiv• r•spon5ibilikn*S 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 2￿6.
The charityTru5tees con5iderthat the a￿rt 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 slatern￿l
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 di5dosur*s 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 I￿5 Act and Regulation 4 of the 2￿5 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
4￿65
6,451
11,116
10.4YJ
L563
Trading Costs
Governance costs:
5.545
103SS
10.4SI
20.806
17.558
Nel Inwn1rf{wl￿kn1j res¢Jurrns lorthe y¢•r
.L706
125
Totsl funds br￿ forward
22￿58
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 F￿d5
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 A￿ets
134
Uatsllltles
Accountsncy Fee5
-150
-Iso
-iyJ
-150
-150
Grnnd Total
21,136
1.831
22.%7
22,158
$l￿d for¥nd behall of theTn￿te•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 Payn*nts
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 [*l￿n￿$
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$lonal Fees
122
812
629
Bank & FinarKe Costs
Gultar Lessons
9. fjovernance Costs
1025T•W
Accountancy Fees
Other Profewonsl Costs
Salaries
Stsff Per￿100$
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
Add￿￿On$
179
179
Depredadon * i Aprtl 2024
214
214
Ch￿e 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 Ply￿￿ts 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