REGISTERED CHARITY NI3MBER: SC046147 Report of the Trustees 2nd Finaneial Slatsments for the Year Ended 31 March 2025 for Glenboig Developm¢n¢ Trust (SCIO) The Kelvin Partnership Ltd Statutory Auditor Chartered Accountants The Cooper Building 505 Great Western Road Glasgow G12 8HN
Glenboig Developmeni Trust (SCIO) Contents of the FinAncial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Report of the Independent AudAtors 10 to 14 Statement of Financial ActivitiLs 15 Balanee Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the FRnancial Statements 19 to 32 Detailed Statement of Finaneial Activities 33 to 34
Glenboig Development Trust (SCIO) Report of the Trustees for the Year Ended 31 March 2025 The Trustees present th¢ir annual report and financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting polici¢s set out in note E to the accounts and cornply with the charity's trust deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charilies Accounts (Scotland) Regulations 2006 (as amended). and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. ACHIEVEMENTS AND PERFORMANCE Charitable activities Glenboig Development TNst exists to deliver quality services to the benefit of our local community and that of our wider North Lanarkshir¢ n¢ighbouring communities with the aim to improve life chances. We achieve this by delivering programrnes tackltng: H¢alth incqualities Reduction of poverty. Increase work opportunities. Offering improved access to education and trainin& Improve our environments we live. work and relax in.. Improve community engagement ensuring the voices of our communities are heard and valu¢d. This year, April 24 - March 25, we continued to improve our core services and operate a community 'Thrive and Prosper, approoch to ensuring our communities slowly and successfully flourish during the continu¢d Cost of Living Crisis while continuing to rebuild our community's resilience to respond to the demands of our everyday concerns. Activities and services acTOSS all areas of delivery in¢lude: Senior Care Programmes Befriending Home Vi51ting service Weekly Telephone Befrieiyding Service Daily Wellb¢ing Checks Daily meal delivery service Lunch Club Newspaper delivery service Art Group Sewing and Craft Group Indoor bowling Weekly local shopping service Supporting Weekly Autumn Group activities Senior Walking Group Monthly Tea Dances Seasonal Outing5 Shopping trips Hospital transport service Handyman S¢rvices Respite Holiday breaks for carers and those being cared for Page I
Glenboig Development Trust (SCIO) Report of the Trustees for the Year Ended 31 Marth 2025 Children & Families Programmes Our youth staff continued to delAver'. Jellybean Fun Club for Primary school aged childr¢n Parent & Toddlers Group Forest School Arts & crafts Grow Eat Gardening Drop In Friday Night Youth Group Girls, group Seasonal Activities & Away Days Cash for Kids Fund distribution Little Rascals Transition Social Group Seasonal Activities & Away Days Mentsl Health Non CIFnie21 Recovery Support Children Mental Health & Wellbeing School Programme - Horizons Without Walls Programme Youth Horizons Social Youth Programme Stop The World - Sustaining School Attendance Mentoring Futures - Young Adult Support programme Community Garden Supportl Men's Shed Green Health Opportuniti¢s Carer Support Programme Carer Sitter Service Signposting - Benefit Referralslwelfare Che¢kslCAB Carer Befriending Service Volunteer Development Specialist Supporl Tover taffel Sensory Group Horizons Youth Group ASN Carers, support Active Travel Programme Aimed at encouraging use of sustainable travel we educate, encourage, and deliver. School Walking Bus Adult led Cycle Sessions Bike Ability Lead Children Cycle Sessions All Ability and Adaptable Cycle Sessions Seasonal Playschetne Programmes Cycle Hire Cycling programtnes aimed at irnproving both mental and physical health Page 2
Glenboig Development Trnst (SCIO) Report of the Trustees for the Year Ended 31 March 2025 Cycle maintenance programmes Cycle maintenanc¢ & refurbishment Tower Gym Not for profit Community Membership Scheme Circuit Training Fibro fitness programme Fibrornyalgia Group Menopositivity group Emergency Support We pride ourselves on providing quick and efficient supports to both individuals and community wide services at point of need with dignity, respect and empathy. Food Pantry supports our community through providing foods at a reasonable rate Emergency food parcels Access to other crisis services Warni Hubs provision Christmas Toysl Foods Fuel Supports clothin household goods Volunteering Volunteer opportunities exist for all. Retail CafelHospitalitylCat¢ring Drivers Passenger Assistance Office Skills Befriending Environmental Cycling Youth work Older Adult Support work Group work Vehicle Valeting Trustees The above are just a snapshot of volunteer opportunities available at the centre. Social Enterprise Business is essential not only to increase our sustainability but also exists to provide essential services to the community. Pa%e 3
Glenboig Development Trust (SCIO) Report of the Trustees for the Year Ended 31 March 2025 Community Transport School Tran5POrt A¢ce5S to food transport delivery I pick up Noi for profit Community Group Minibus with driv¢r Not for profit Community Group Minibus without driver Not for Profit Community Group Electric Car with driver Not for profit Community Group Electric Car without driver Not for profit Community Accessible vehicles Health Appointment transport unescorted Health Appointment transport escorted Meal delivery services We continue to contribute to the locality reducing its carbon footprint through the provision of effjcient and effective Transport Solutions. Post oifice and General Store Our post office provided a vital lifeline to all who live in our community- Easy postal service Parcel drop off & pick up. Local banking Services. Local curr¢n¢y uplift servic¢ Post Office Travel Card Gift Cards Access to free food stuff Access to affordable general foods. Outlet for local entrepreneurs to sell their wares Outlet for local busin¢ss advertising Café Our cafe not only provides our community Wlth an affordable cafe experience it also give at¢ess to nutritional cooked food to our older people services, our children's groups and give advice to how to cook healthy meals on a budget. Facility Hire We hire our halls and facilities out to community groups, businesses, statutory organisations all providing various services to our residents. Member5 of our Development Trust Can a150 hire the facilities for personal use for family events at a dis¢ounted rate. Page 4
Glenboig Development Trust {SCIO) Report of the Trustees for the Year Ended 31 March 2025 Gardening Servite & Handyman Services This service is open to vulnerable resident of age 55 yrs and vulnerable living in our Community on application. Grass Cuttin8 W¢eding Path clearin8 Hedge Cuts Winter garden tidy up Winter path salting Small household jobs - such as Changing a lightbulb, help to mov¢ fijrniture, curtains taken down et Can be an immense help to our mor¢ vulnerable group. All profit from our social enterprises go straight back into benefiting your community - so its wortli- while just coming in to buy a coffee or to use the post office/ shop knowing you are contributing to improving services in your cornmunity. Our Partnership ProgrAmme$ 7 Lochs initiative and Partnerships to Improve connectivity and pathways with other localities across North Lanarkshir¢ and Glasgow City Community Solutions Health and Social Care Programme Employability Programmes NLC - No Limits NLC No One left behind Buchanan High School ASN Work Experience programme Providing work placements and employment to local people aiming to reconnect with work or to gain skills to access work opportunities Delivery Partners We recognise all this work cannot be done in solitude and to be successful we depend on the strength. knowledge and goodwill of our partn¢rs agencies. North tAnarkshire Council North Lanarkshirc Local Councillors NHS Lanark5hire 7 Lochs Project Money Matters North Lanarkshire Carers Together NHS Lanarkshire Coatbridge Consortium Hosts and Members Northern Corridor Consortium Members Northern Corridor Community Forum North Lanarkshire Council Tackling Poverty Team CAB VANL DTA Local khools - Our Lady's & St Joseph's Primary School and Nursery Glenboig Primary Page 5
Glenbolg Development Trust {SCIO) Reporl of the Trustees for the Year Ended 31 March 2025 Buchanan High S¢hool Coatbridge High School St Ambrose High School Willowbank Primary School Portland High School Community Events Family Evenings Famity Fun Days Easter extravaganza Summer Gala Day Halloween Evcnt Scarecrow ¢v¢nts Christma5 Fayre Santa Visiting Gleoboig Accolades 2Ak25 Secured Scottish Living Wage Employers Award. Recognised as Bteast Feeding Friendly Centre. Recognition of our partnership with Cambridg¢ Judg¢ Business School with an honorary appointment as a Fellow of the Business School to Teresa Aitken FINANCIAL REVIEW Financial position The Charity generated a net deficit of £163,239 for the year ended 31 March 2025 (2024: £118.280). At the balance sheet date, total funds stood at £2.742,000 (2024.. £1905,239} with £2.138,88 l of th¢s¢ funds being restricted (2024.. £2,196,518), £333.378 being unrestricted (2024 £438,980) and £269,741 being in unrestricted d¢signated funds (2024.. £269.741). Reserves policy The charity has constdered the reserves required and have tsken into account their cuffent and future liabilities. The trustee5 aim to maintain free reserves in unre5trict¢d funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consxder that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. Going concern As noted within the Report of the Independent Auditors, they have issued a qualified opinion for insulTicient ac¢ounting records and preparation of cashflow forecasts for a period of at least 12 months from the date of approval of the financial statements. The trustees have now been able to appoint a bookkeeper and are striving to be able to prepare cashflow for¢ca5ts moving forward to assist in the going ¢on¢ern conclusion. STRUCTURE. COVERNANCE AND MAIYAGEMENT Governing document Glenboig Development Trust is a SCIO and the purposes and administralion T¢quirements are set out in the constitution dated 20th June 2016 Recruitment and appointment of new trustees New trustees with relevant skills and experien¢e are appointed by existing trust¢¢s of the Charity. Page 6
Glenboig DevelopmeDt Trust (SCIO) Report of the Trustees for the Year Ended 31 Mar¢h 2025 STRUCTURE. GOVERNANCE AND MANACEMENT Organisotion21 Structure The organisation is govemed by a locally elected Board of Trustees who collectively bring a wide range of skills, knowledge and experience beneficial to the day to day runnin8 of the organisatton. The strate8ic manaBem¢r]t of the (Yganisation is well eSblIShed, experienced, confident and strong. Th¢ trnstees establish sub-groups as required. The Treasu oversees the project finanees. The Secretary is active and is involved with human resources and fundin8. Lines of communication are Clear in that the Devek)pment Manager services the board and su&groups and she and the chair fill the role of linkin8 people between different elements of organlsationa management. The Development Manager is line-rnanaged by the Secretsry of the Board and in turn directly man2ges all staff. voluntee rkers and consultants and therefore holds 4 Senior Management position. The Charity considers th¢ role of senior management staff and uses benchmark salaries from similar roles to detemine fair remuneration. Volunteers of all abilities are mentored from teenage years upwards and are a vital component in th¢ deltvery of services aTEd activities within the organisation and where relevant are integrated into the on-going deliv¢ry and management Induttioll and trainin8 of new trustees There is an induction foT newly appointed trustee5 which includes meeting with the offi¢¢ bearers o funding, activities of the organisalion, and powers and r¢sponsibilities of the board. Trustees are inlroduced to staff and an induction to the activities and services of the orsanisation delivered by the Devekjpment Mana8er. Trustees are invited to attend training on governance and any other trainin8 appropriate to their role within the board and organisation. Throu8hout the year the organisation has participated in various events and conferences. these include attendin8 D¢velopm¢nt Trust Association Scotland Conf¢r¢nrx (DTAS), VANL Conference. taken part in various workshops to expand knowledge on land and building ownership , asset transfer, govemance, fundraising. The Board have benefited from hosting and attending various study visits speaking to board memb¢rs. professionals and staff about the successes and challenges of owning, developin& operating fa¢ililies and fundraising for 5UStainability, Related parties We are represented at strategic and local level on various partnerships which include Employability, Carers Support and Befriending Network, three Locality Planning Groups, North Lanarkshire Health & Social Care Consortium. Chair of Coatbridge Locality Consortium, Local Area Partnership, Seven Loch5 Partnership . NLC Community Learning and Development Partnership, Community Forum. Joint Campus Parent Counctls. We are active members of OTA and VANL and are supported throughout the year by both organisatioos. We have continued support from OUT MP. MSP and local elected manbers. Page 7
Glenboig Development Trust (SCIO) Report of the Trtte5 for the Y¢ar Ended 31 Marth 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Risk manAgement The main risk faced by the or8anisalion lies in a reduction in central funding. servic¢ level a8reements and contracts. We have to ensure we continue to deliver a high quality s¢rYice and maintain strong partnerships with partners and fundeTS to ensure suslainability. The Charity undertakes a fornial risk assessment annually. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC046147 Principal address Glenboig Community Centre Main Street GLENBOIG ML5 2RD Trustees Auditors The Kelvin Partnership Ltd Statutory Auditor CharteTd Accountants The Cooper Building 505 Great W¢st¢m Road Glasgow G12 8HN STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are resportsible for preparing the Report of the Trustees and the financial statem¢nts in accordance with applicable law and Unit¢d Kin8dc*n Accounting Standards (United Kingdorn G¢nerally Accepted Accounting Practice) including Financial R¢portin8 Standard 102 "Th¢ Financial Reporting Standard applicable tn the UK and Republic of Ireland" Page 8
Glenbolg Development Trust (SCIO) Report of the Trustees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- eontinued Charity law requires the trnstees to prepare financial statements for ¢ach financial year. Under that law, the trustees have elected to prepare the financial statements in accordanee with United Kingdom Generally Accept Accouniing Practice (United Kingdom A¢¢ounting Slandards and applicable law). Under charity law the trnstee5 must not approve the financial statements unless Ihey are satisfied that th¢y give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditur¢. of the charity for that p¢riod. In Preparing those financial ststements. the truskes are requiTed to select suitsble accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonabl¢ and prudeTtt- state whether applicable accounting standards have been followe41 subject to any material departures disclosed and explained in the financial statements: prepare the financial Statements on the going concern basis unless it is inappropriate to Presume that the charity will continue in business. The trustees are responsible for keeping proper accountin8 records which disclose with reasonable aecuracy at any time Ihe financial position of the charity and to enabl¢ them to ensure that the finan¢ial Statements comply with the Charities and Trnstee Investment {S¢otland) Acl 2005 and The Charitia Accounts (Scotland) Regulations 2006 (as amended)- They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. roved b llrder of the board of trustees on 2? December 025 and signed on its behalf by: Page 9
Report of the Independenl Auditors to the Trustees of Glenboig Development Trust (SCIO) Qu21ified Opinion W¢ have audited the financial statements of Glenboig D¢velopment Trust (SCIO) (the 'charity') for th¢ year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance SheeL the Cash Flow Statement and notes to the financi81 statements. including a summary of significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom AountIng Standards (United Kingdom Generally Accepted Accounting Praclice), including Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland,. Qualified opinion on financial statements In our opinion, except for the possible ¢ffects of the matters described in the Basis for Qualifi¢d Opinion paragraph, the financial statements: give a true and fair view on the stste of the charity's affairs as at 31 March 2025 and the charity's incoming resour¢es and application of resources. Including their income and expenditure. for Ihe year then ended h8v¢ be¢n properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. including Financial Reporting Standard 102 'The Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland,: and have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 21x15 and r¢gulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended) Basis for qualified opinion We conducted our audit in accordanc¢ with International Standards on Auditing (UK) (ISAS (UK)) and applicabl¢ law. Our responsibilTrties under those standards are further described in the Auditors, responsibilities for th¢ audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requiretnents that are rel¢vant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. W¢ believe that th¢ audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The audit evidence available lo us was limited becau5e- the truste¢s have not been able to provide accurate financial inforniation for the period to 31 March 2025, nor have they prepared cashflow forecast5 and other InfOatIon necessary for the assessment of the appropriaten¢ss of the going concern basis of preparation of the financial statements. We consider that the truste¢5 have not kept adequate steps to satisfy themselves that it is appropriate for them to adopt the going concern basis be¢au5e the circumstan¢es of the charitable company and the nature of the business require thai such infomiation be prepared. and reviewed by the trustees and ourselv¢s, for a period of12 months from the date of approval of the financial ststements. Had this information been available to us, we might have fomied a different opinion on the financial statements, Page 10
Report of the Independent Auditors to the Tru$tee5 of Glenboig Developjnent Trust (SCIO) Other information The trustees are responsible for the other infonnation. The other infonnation Comprises the inforniation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not COV¢T the other infonnation and. except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. In ¢onn¢ction with our oudit of the financial statements, our responsibility is to read the other inforn]ation and, in doing so, consider whether the other inforn]ation is materially inconsistent with the financial statements or our knowledge obtained in the audlt or otherwise appears to be materially misststed. If we identify such material inGonslStencies or apparent mat¢rial misstatements. we are required to detern)ine whether this giv¢5 rise to a material rnis5tstement in the financial statements themselves. If. based on the work we have perfornied, w¢ conclude that there is a material misstatement of this other infonnation. we are required to report that fact. We have nothing to report in thts regard. As noted in our qualified opinion. the trustees have been unable to prepare cashflow forecasts and other inforniation nessary for the assessment of the appropriateness of the going concern basis of preparation of the financial statements, for a period of12 months from the date of approval. Matters on which we are required to report by exception the inforniation given in th¢ Report of the Trustees ts inconsistent in any material respect with the financial ststem¢nts; or proper accounting records have not been kept" or the financial sthtements are not in agreement with the accounting records and retllrns. Responsibilities of trustees As explained moTe fully in the Statement of Trustees, Responsibilities, the trustees are responsibl¢ for the preparation of the financial statements which give a true and faiT view, and for such internal control as the trustees detemiine is necessary to enable th¢ preparation of fJnanGial statements that are free from material misstatemenL whether due to fraud OT error. In preparing the financial statements, the trustees ar¢ responsible for assessing th¢ Charity's ability to continue as a going concern. disclosing. as applie&ble, matters related to going concern and using the going ncern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Pagell
Report of rthe Independent Auditors to the Trustees of Glenboig Development Trust (SCIO) Our responsibililies for the audit of the financial $tate,ments We have been appointed as auditors under Section 44(IXc) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with Ihe Act and relevant regulations made or having effe¢t thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frotn material misstatemenl, whether due to fraud or error, and to issue a R¢port of the Indep¢ndent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststem¢nts ¢an arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economlc decisions of users tsken on the basis of thes¢ financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Irregularitie5, including fraud, are instances of non-romplian¢e with laws and regulations. We design procedures in line with our responsibilities. outline above, to detect material misstatements in respe¢t of irregulariti¢s. including fraud. The extent to which these call detect irregularities: including fraud is detailed below. To assess the suKeptibiltty of the company's financial statements to material misstatement. including how fraud may occur. We enquired of the trustees of the charity's policies and procedures to detect fraud as w¢ll a5 whether they have knowledge of any actual, suspected or alleged fraud R¢ading Board mtnutes Using analytical procedures lo identify any unusual or unexpected transactions We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud within the charity. As required by auditing standards we perforni procedures to address the risk of management override of Controls and in particular that the charity's managcment may be in a position to make inappropriate accounting entries and the risk of bias in accounting estimate5 and judg¢m¢nts Such as prcpayments, accruals, depreciatiotL provision for bad debts and allocation of income and expenses of funds. On this audit we do not believe there 15 a fraud risk related to revenue recognition because the revenue is all grant income of high valu¢ amounts from easily identifiable funders, and does not contain estimation uncertainty. We did not identify any additional fraud risks. In deterniining the audit procedures we took into account the results of our evaluation and testing of the operattng effectiveness of the company's fraud risk management controls. We also perfomied pr(Kedures including: Identifying journal entries to test for all full scope component5 based on Tisk criteria and comparing the identified entries to supporting documentation. These included, as relevant. those posted to unusual accounts Assessing significant accounting estimates for bias Reviewing large and unusual transactions outside the ordinary cours¢ of the charity's business. Identifying undis¢los¢d related parties Page 12
Report of the Independent Auditors to the Trustees of Glenbolg Development Trust (SCIO) We discussed with management matters related to actual or suspected fraud and considered any implicalions for our audit. We ensured that the audit team coll¢ctively had the necessary competence and skills to recognise non-¢omplian¢e with laws and r¢gulations. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and through discussion with the tNstees (as required by auditing standards). As the charity is regulated our assessment of risks involved gaining an understanding of the control environm¢nt including the charity's procedures for complying wilh regulatory requirements. We communicated identified laws and regulations throughout our ¢¢am and remained alert to any indications of non-compliance Ihroughout the audit. The potential effect of these laws and regulations on the financial statement varies considerably. Firstly, the entity is subject to very strict laws and regulations that directly affect the financial statem¢nts in¢luding financial reporting legislation. including the the Charities and Trustee Investment (Scotland) Act 2005. the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practi¢¢ applicable to charities, FRS102, the UK Corporate lax laws and UK VAT laws. We assessed the extent of th¢ compliance with these laws and regulations by carrying out a revi¢w of the financial statement disclosures and a review of correspondence with the tax authorities. Secondly. the entity is subject to many oth¢r laws and regulation5 including the AML r¢gulations, GDPIL health and safety and the Scottish Chlty Code of Governance, where the consequences of non-compliance could have a material effect on amounts or dtsclosures in the financial ststements. Auditing standards limit the required audit procedures to identify non-compliance with these law5 and regulations to enquiry of the trustees and management and inspection of regulatory and legal correspondence, if any. Therefore if a breach of operational regulations is not disclosed to us or evident from the relevant correspondence , an audlt will nol detect that breach. CoDlext of the ability of the audit to detect fraud or breaehes of laws and regulations Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some mat¢rial misstatement in the finanoial statements, even though we had PTop¢rly planned and perfomied our audtt in accordance with accounting standards. For example the further removed non-compliance with laws and regulations from the events and trnnsactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing stsndard would identify it. In addition, with any audiL there remained a higher risk of non-det¢ctioTh of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control& Our audit procedures are designed to detect material misstst¢ment.We are not responsible for for prev¢nting non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations A further d¢s¢ription of our responsibilities foi the audit of the financial statements is located on th¢ Financial Reporting Council's website at wivw.frc.or8.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 13
Report of the Independent Auditors lo the Trustees of Glenboig Development Trust (SCIO) Use of our report This pOrt is rnade solely to the chartty's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Re8ulations 2006. Our audit work has been undertaken so that we might state to the Charitys trustees those matters we are required to state to th¢m in an auditors, report and for no other purpose. To th¢ fLEllest extent pennitted by law, we do not Cept or assume responsibility lo anyone other than the charjty and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have fornied 22 De¢ember 2025 Page 14
Glenboig Development Trust {SCIO) Siatemenl of Financial AetivRtles for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes NCOME AND ENDOWMENTS FROM Donations and legacies 4,165 4.165 14.757 Charitable activities Charitable a¢tivities 68,390 324.403 392.793 553,943 Other trading activities 301,620 301620 262,921 Total 374,175 324 403 698 578 831.621 EXPENDITURE ON Raising funds 73,821 73,821 70,251 Charitable activities Charitable activities 405.956 787 996 879 650 Total 479.777 382,040 861,817 949.901 NET INCOMEI(EXPENDITURE) (105,602) (57,637) (163,239) (118,280) RECONCILIATION OF FUNDS Total funds brought forward 708,721 2,196,518 2,905.239 3.023,519 TOTAL FUNDS CARRIED FORWARD 603,119 2 138 881 2,742,000 2,905.239 The notes forn] part of these financial statements Page 15
Glenboig DelOpment Trust (SCIO) Balance Sheet 31 M&reh 2025 31.3.25 Total funds 11.3.24 Totsl funds Unresiricled Reslricted funds funds Notes FIXED ASSETS Tangible assets 296,116 2,138.881 1434,997 2506,843 CURREKf ASSETS Debtors Ca$h at bank 12 56.464 276.912 56,464 70.683 344 276,912 54 333.376 333,376 414.937 CREDITORS Amounts falling due within one year (26.373) (26,373) (16.541) NET CURRENf ASSETS 307,003 307.OOJ 398,396 TOTAL ASSETS LESS CURRENT LIABILITIES 603,119 2,138,881 2,742,000 2,905,239 NET ASSETS 603.119 2 138.881 2,742.000 2.905 239 FUNDS Unrestricted funds Restricted funds 14 603,119 2 138881 708.721 2,196.518 TOTAL FUNDS 2,742.000 2 905.239 The finaTEci81 statements Vre approved by th¢ Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by: Th¢ notes fomb part of these fin8n¢ial statements Pa8e 16
Glenboig Development Trust (SCIO) Cash Flow Statement for the Year Ended 31 Mareh 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Cash generated from operations 67,342) (178,452) N¢t Cash used in operating activities 67 342) (178,452) Cash flows from investing activities Purchase of tangibl¢ fixed assets 51,445) Net cash provided byl(used in) investing activities 51,445) Change fin cash and cash equivalents in the reporting period Cash and cash equAvalents at the beginnAng of the reporting period (67,342) (229.897) 344.254 574 151 Cash and Cash equivalents at the end of the reporting period 276.912 344,254 The notes forni part of these financial statsments Page 17
Glenboig Development Trust (SCIO) Notes to the Cash Floiv Statement for Ihe Year Ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for." Depreciation charges Decrease in debtors Increasel(deCre) in cdItorS (163,239) (118,280) 71.846 14,219 9,832 78,738 17,587 156,497 Net cash used in operations 67,342) 178,452) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At31.3.25 Net sk Cash at bank 344,254 67,342) 276,912 67.342) 276.912 Total 344,254 67,342) 276,912 The note5 fonn part of these financial statem¢nts Page 18
Glenboig Developmenl Trust (SCIO) Notes 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 with Accounting and R¢porting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in acwrdanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS102). The financial statements hav¢ also been prcpared in accordance with the Charities Accounts(Scotland) Regulations Act 2006 and the Charities and TTUStee Investment (Scotland) Act 2005. The charity is a public benefit entity as defined by FRSI 02. The accounts are prepared in sterling, which is the funclional cUencY of the charity. Mon¢tary amounts in these financial statements are rounded to the nearest pound. The accounts have been prepar¢d under the historical cost convention. The principal accounting p)li¢ies adopted are set out below. These policies have been consistently applied to all periods presented. Critical accounting judgements and key sources of estimation uncertainty In the application of th¢ Charity's accounting policies. the Directors are required to make judgements, estimatss and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. Th¢ estimates and associated assumptions are based on historical experience and other factors tliat are considered to be relevant. Actual r¢sults may differ from these ¢stimat¢s. The estimates and underlying sumptIOnS are reviewd on an ongoing basis. Revisions to accounting estimates are recognised in the period in whi¢h the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the curr¢nt and future periods Income Income is rognISed once the charity has entitlement to the income, it is probable that the income will be received. and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and sertlement dale. In the event that a donation is subject to Conditions that require a level of perfomiance before the charity is entitled to the funds, the income is deferred and not recognis¢d until either those conditions are fully met of the fulfilment of those conditions is wholly within the conrrol 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 th¢ fijnds, any perfomiance conditions attached to the grants hav¢ been met. it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Inwme received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. Expenditure Liabilities are recognised as expenditure as soon 8S there is a legal or constructive obligation committing the charity to that expenditure, it is probabl¢ that settlement will be required and the amount of the obligation can be ffteasured reliably. Page 19 continued...
Glenboig Developmenl Trust (SCIO) Notes to the FinAncial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Expenditure All expenditure is accounted for on an a¢crual basis. All exn5¢S including support costs are allocated or apportioned to the applicable ¢xp¢nditure headings. Cost of raising funds comprise the costs of commeT¢ial trdding including investment management costs. and certain legal and professional fees associatsd with 5UPPOrt costs. Expenditure on charitable activities includes all staff costs, delivery costs, property cost4 professional fees, vehicle costs, evaluation costs and other a¢tiviti¢s undertak¢n to further the purposes of the charity and their associat¢d support costs. Expenditure on other trade activities includes all costs relating io activities undertaken not in direct furtherance of the PUTposes of the charity. Irrecoverable VAT is cliarged as a cost against the activities for which the expenditur¢ is incurred. Governance costs Governance costs (which are included as a component of support costs (in ac¢oTdance with SORP) comprise all costs involving the public ac¢ountability of the charity and its compliance with r¢gulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examination). 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 th¢ charity's financial statements when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabillties are only offset, with the net amounts prtsented in th¢ fInancial statements. when there is a legally ¢nforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Going Concern As noted within the Report of the Independent Auditors. they have issued a qualified opinion for insuffjeient accounting records and preparation of cashflow forecasts for a period of at least 12 months from the date of approval of the financial statement5. The trustees have now been able to appoint a bookkeeper and are striving to be able to prepare cashflow forecasts ffloving forward to assist in the going concern ¢onclusion. B25ie fingncial assets Basi¢ financial assets, wliich includ¢ debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effeotive interest method unless the arrangement constitutes a financing trdnsaction is measured at the present value of th¢ fiJtur¢ receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Page 20 continu¢d.-.
Glenboig Development Trust (SCIO) Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - eontlnued Financial instruments Impairment of financial assets Financial assets. other than those held at fair value through profit and loss, are assessed for indicators of impairnient at each reporting ¢nd date. Derecognition of financial assets Financial assets ar¢ derecDgniscd only when the contractual rights to the cash flows from ih¢ asset expire or are settled. or when the charity transfers the financial asset and substantialty 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 paty that is able to sell the asset in its entirety to an unrelated third party. Classification of fingncial liabilities Financial liabilities and equity instruments are classified according to the substance of the contraciua arrangements ent¢red into. An equity instrum¢at is any contract that evidences a residual interest in the assets of the charity after d¢ducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors and loans are initially recognised at transaction price and are subsequently Caled at amortised cost, using ihe effective interest rate method. Trade creditors are obligations to pay for goods or servic¢5 that have been acquired in the ordinary course of busine55 from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If noL they are presented as non-current liabilities. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Project Equipmcnt Fixtures and fitttngs Motor vehlcles Computer equipment 20/0 on cost 25Yo on reducing balance 250/0 on reducing balance 250/4 on reducing balance 330/0 on cost Taxation The organisation is a charity within the rneaning of Section 467 of the Corporation Tax Act 2010. Ac¢ordingly, the charity is potentially exempt from taxation in respect of income or ¢apital gains received within categories covered by Chapter 3 part II of the Corporation Tax Act 2010 or Section 256 of Taxation of Chargeable Gains A¢t 1992 to the extent that such income or gains are applied to charitable purposes only. FvDd Accounting Unrestricted funds can be used in accordance with the Charitable objective5 at the discretion of the trustees. Page21 continued..-
Glenboig D¢velopm¢nt Trust (SCIO) Notes to the Financial Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Fund 4¢¢ounting Restricted funds can only be used for particular r¢strict¢d purposes within the objects of thc Charity. Restrictions arise when specifi¢d by th¢ donor or when funds are raised for particular r¢stricled purposes. Designatd funds represent the fixed ass¢ts held by the charity Further explanation of ih¢ natur¢ and purpose of each fund is included in Ihe notes to the financial statements. Pension co$ts and other post-relirement benefits Th¢ ¢haTity operat¢s a defined contributton pension s¢h¢rn¢ in respect of its employees. Th¢ assets of thc scheme are held separately from those of th¢ charity. The pension costs represent the amount of contributions made by the Charity during the year. Additionally, thc charity contributes to a second pension scheme from paid direcily to her. Donated services and fa¢llltles Donated professional ser¥ices and donated facilities are recognis¢d as income when the charity has Control over the it¢m, any conditions associated with the donated item have been rnet, the receipt of econorni¢ benefit from the use by the charity of th¢ item is probably and tEMt economic benefit ¢an be measured reliably. In accordance wilh the Charities SORP {FRS 102) general volunteer time is not recognised. Refer to the Trust¢e'5 Annual Report for details of their contribution. On receipt, donated proftssional scrvices and donated facilities are recognised on the besis of th¢ value of the gift to the charity which is the amount the clwity would have been willing to pay to obtain the services or facilities of equivalent econornic benefit on the open market a corresponding arnount is then recognised in expenditure in the period of rcccipt. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 4,165 14,757 OTHER TIL4DING ACTIVJTIES 31.3.25 31.3.24 Shop income Cafe income Youth activities Brick Transport incoyne Post office income Other income Bar income 28.498 109,523 17.755 532 93,893 75 22.935 916 26,740 89,379 16.237 175 57,620 9,382 22.074 12,543 Carried foTward 274,127 234,150 Page 22 continued...
Glenboig Development Trust (SCIO) Notes to the Finan¢ial Statements - eonlinued for the Year Ended 31 March 2025 OI'HER TRADING ACTIVITIES - eontinued 31.3.25 31.3.24 Brought forward Room Hir¢ Gardening Income Gym Income 274,127 24,879 30 2,584 234,150 23,209 3,943 1,619 301,620 262.921 INCOME FROM CHARITABLE AcTlTIEs 31.3.25 31.3.24 Activity Charitable activities Grants 392,793 553,943 Grants received. included in the above, aTe as follows: 31.3.25 31.3.24 Acorns 2 Trees Cash for Kids Catanach Trusl Energy Savings Trust Glasgow City Council National Lottery Comn]unity Fund NL Improving Lives NL Young Start North Lanarkshire Council North Lan&rkshiTe Council - Other Grants Paths for All - Smarter Choices Smarter Places Radio Clyde scvo Scottish Pa55enger Transport The Gannochy Trust Voluntary Action North Lanarkshire The Stafford Trust 45.853 31039 9,100 12,516 3.605 11,610 106.355 49,858 47.910 77.544 3,709 46,672 51.482 62,865 41,324 25,000 7,983 170.978 9.250 7,517 127.108 392,793 557,685 Page 23 continued...
Glenboig Development Trust (SCIO) Notes lo the Financial Statements - continued for the Year Ended 31 March 2025 RAISINC FUNDS Raising donations and lega¢ies 31.3.25 31.3.24 Bar purchases Cafe purchases Shop purchases 1,228 52,254 20,339 1,122 47,726 73,821 70,251 CHARITABLE ACTIVITIES COSTS Support Costs (see note 7) Direct Costs Totsls Charitable activities 781,196 787,996 SUPPORT COSTS Governance ¢osts Charitable activities 6,800 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. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 509.105 26,873 17,665 454.542 23.380 21,248 553.643 499.170 The average monthly number of employees during the year was as follows.. 31.3.25 35 31.3.24 32 Office and Project Staff Page 24 continued...
Glenboig Development Trust {SCIO) Notes to the FinanciAI Statements- eontinued for the Year Ended 31 March 2025 STAFF COSTS - contlnued No employees received emoluments in excess of £60,000. Key management personnel recetved Temuneration of £38,197.64 {2024: £80,500) for the year ended March 2025. No employees received employee benefits (excluding employer pension) of more than £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total fiJnd$ COME AND ENDOWMEwfs FROM Donations and legaci¢s 14,757 14.757 Charitable aclivities Charitable activities 189.387 364,556 553.943 Other trading activiti¢s 262,921 262 921 Total 467.065 364,556 831621 EXPENDITURE ON Raising funds 70.251 70.251 Charitable activities Charitable activities 445.022 434.628 879.650 Total 515.273 434.628 949 901 NET INCOMEI(EXPENDITURE) (48,208) (70,072) {118,280) RECONCILIATION OF FUNDS Total funds brought forward 756.929 2.266.590 3,023,519 TOTAL FUNDS CARRIED FORWARD 708,721 2 196.518 2.905 239 Page 25 ontinued...
Glenboig Development Trust (SCIO) Notes to the Financial Statements - Continued for the Year Ended 31 March 2025 11. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Project Equipment COST At l April 2024 and 31 March 2025 2 603.357 70,433 18.192 DEPRECIATION At l April 2024 Charge for year 175,629 52.067 48,154 5,570 10,877 1.829 At 31 March 2025 227 696 53,724 12,706 NET BOOK VALUE At 31 March 2025 2,375,661 16.709 5.486 At 31 Mar¢h 2024 2,427.728 22.279 7.315 Motor vehicles Cornput¢r equipment Totals COST At l April 2024 and 31 March 2025 128 657 1.551 2 822,190 DEPRECIATION At l April 2024 Charge for year 79,136 12,380 1,551 315,347 71.846 At 31 March 2025 91,516 .551 387,193 NET BOOK VALUE At 31 March 2025 37,141 2,434,997 At 31 March 2024 49.521 2.506 843 Stsndard security is held by The Big Lottery and The Scottish Government on 110 Main StreeL Glenboig. ML5 2RD. Pag¢ 26 continued...
Glenboig Development Trust (SCIO) Notes to the Financial Stalements - continued for Ihe Year Ended 31 March 2025 12. DEBTORS: AMOUNTS FALLING DUE WITItIN ONE YEAR 31.3.25 31.3.24 Trade debtors Other debtors VAT Prepayments and accrued income 19,230 10,053 2,716 24,465 50,874 10,053 874 8,882 56.464 70,683 13. CREDITORS: AMOIJNTS FALLING DUE WITHtN ONE YEAR 31.3.25 31.3.24 Trade creditois Accruals and deferred income 3,392 14. MOVEMENT Th FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unre5trieted funds General fund Designated Fund Acoustics Project for Centre 438,980 239,741 (105,602} 333.378 239,741 708,721 Restricted funds Community Life Centre Energy Trust Fund - Capitsl Fund (105,602) 603,119 2,186,332 10.186 (52,067) 2.134,265 5,570) 4,616 2 196,518 57.637) 2,138.881 TOTAL FUNDS 2,905,239 163,239) 2,742,000 Page 27 continued...
Glenboig Development Trust (SCIO) Notes to the Financial Statements - eontinued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - eontinued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 374,174 {479,776) (105,602) Restricted funds Acorn5 2 Trees Community Life Centre Energy Trust Fund - Capital Fund NL Improving Lives NL Young Start SCVO- NLC Jobs The Gannochy Trust VANL - Befriending Elderly VANL - Carer Breather Sitters Service VANL- Community Solutions Programme VANL Without Walls - Youth VANL- Locality Host 38.946 (38,946) (52.067) (5,570) {49,858) (47,910) (62.865) (7,517) (20,000) (25,934) (52,067) (5.570) 49,858 47,910 62,865 7,517 20,000 25,934 5.000 6.6l7 (5,000) (6,617} 59,757) 324.404 TOTAL FUNDS 698 578 861,817) 163,239) Page 28 continued...
Glenboig Development Trust {SCIO) Notes lo the Financial St2temeDts - eontinued for the Year Ended 31 Mareh 2025 14. MOVEMENT IN FifNDS - ¢ontinued Compar2tive$ for movemen¢ in funds Net ovement in funds Transfers between funds At 11.3.24 At 1.4.23 Unrestricted funds General fund Designated Fund Acoustics Project for Centre Solar Panels Project for Centre 477,188 239,741 30,000 (48.208) 10.000 438,980 239.741 30,000 Restricted funds Community Life Centre Energy Trust Fund - Capital Fund The Big Lottery - Young Stsrt 2 The Gannochy TTUSt 756,929 (48,208) 708,721 2,233.671 13,582 15,595 3,742 (47,339} (3,396) (15.595) 2,186,332 10,186 2,266 590 2.196,518 TOTAL FUNDS 3,023.519 118.280) 2,905,239 Page 29 contlnued...
Glenboig Development Trust (SCIO) Notes to the Finaneial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT FUNDS - continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resour¢es expended Movement in funds Unrestricted funds General fund 467,065 (515,273) (48,208) Restricted funds Acorns 2 Trees Cattanach Ttust Community Life Centre Energy Savings Trust- Active Travel & Energy Savings Trust Energy Trust Fund - Capital Fund Paths for All- SCSP SPT- Transport The Big Lottery - Senior Care Project The Big Lnttery - Young Start 2 The Ganno¢hy Trust The Stafford Trust VANL - Befriending Elderly VANL - Garden Project VANL - Mens shed V ANL - Mentoring Futures VANL - Various VANL - Transport 32.039 12,516 (32.039) (12,516) (47,339) (47,339) 36,263 (36,263) {3.396) (14,014) (25.000) (106,355) (15,595) (7.983) (9,250) (20.000) (76,269) (8,840) (9,879) (5.390) 4.500) (3.396) 14.014 25.000 106.355 (15,595) (3,742) 4.241 9.250 20.000 76.269 8,840 9,879 5,390 4.500 364.556 TOTAL FUNDS 831,621 Funds were awarded for the following purposes: Acorn5 2 Trees Horizons Without Walls an opportunitylspace to build networks between individuals, fam ille5 and groups whilst offering qualtty holistic supports and encouragement to achieve so¢ial and inclusive goals which meets aspirations and abilities of the individual and their 5UPPOrt network. Th¢ Horizon programme will ensure we have a successful pathway for Young Adults with Learning Disabilities to progress through our social society With airns of meeting their own social aspirations and becomin8 valued members of our communities Brighter Futures supported employm¢nt & training opportunities for Local people Cattanach Trust Supporting social and health improving activities for Children Coalfields Regeneration Trust Supporting nutritional food Programs Corra Foundation (Brothers and Supporting the ongoing development of community to the Sisters) Promise and support actsvit1¢5 of Care Experienced Children and young people to keep connections with siblings and families Page 30 continued.
Glenboig Development Trust (SCIO) Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FLfNDS - continued Energy Trust Fund Lif¢ Changes Trust Purchase of All ability cycles and safety accessories Support the development of Dementia Cafe Group and activities for those living with dementia and their carers supporting local group activities offering support to employ local people and offer training and NLC- GAP improve ¢mployability skills NLC - Other Grants funding towards support of the core services supporting local group activities Paths for All - Smarter Choices Fund5 SUPPOrt delivery and development of Active Travel Smarter Places Activities improving health and reducing isolation through walking and cycling reducing dependency of cars supporting deliv¢ry of Community Transport projects supporting activities and services for our Older and Vulnerable residents The Big Lottery - Young Start 2 Supporting services and activities for young people The Gannochy Trust The Stafford Trust Supporting positive services and activities for young people Funding to SUPPOrt HomewoTk Club and Youth Clubs. 2 sessional ivork¢rs and 48 hot meals per week Supporting befriending for Vulnerable Adults Supporting group activities for Unpaid Car¢rs NLC - Community Councillor NLC - Employability SPT Transport The Big Lott¢ry SCP VANL - Befriending Elderly VANL - Carer Breather Connected Carers VANL- Carer Breathers Sitting provision of support for time out of ¢aring duties for unpaid Service carers VANL - Community Solutions hosting 5UPPOrts the Capacity Building and local Activity grants Locality VANL - Garden Project for local community groups to support the development of the garden ensuring inclusion through supporting those with mobility and menlal health issues to connect with the community through an ¢nvironmeTJlal project. Also supported the salary of a full tilne and part tim¢ worker. VANL - Glenboig Community supports d¢livery of services and support of activities to improve Gardens VANL- Hello World mental heath and wellbeing VANL - Mens Shed Community Solutions Participatory Budgeting Event Local Activity Funding to support delivery of Glenboig Men's Shed program funding the mentoring of young people back into education or VANL - Rejuvenate Village employm¢nt Autumn Local Activity Funding io support activities for older people VANL - Stop the World I Want Funds supporting mental health activities of young people to to Get on VANL - Transport r¢-engage with society to support elderly and young people living in rural areas with no a¢c¢sS to transport to access activities and lunch Clubs, reducing social isolation and increasing social connection to friends and peers Local Activity Fund for Walking Football Activity Supporting the delivery of Youth Programs VANL - M¢ntoring Futures VANL- Walking Football Youth Link Scotland Pag¢31 continued..-
Glenboig Developmen¢ Trust (SCIO) Notes to the Financial Statemenls - continued for the Year Ended 31 March 2025 15. EMPLOYEE BENEFIT OBLIGATIONS The charity operates a defined conlribution pension scheme in respect of its employees. Th¢ assets of the scheme are held separately from those of th¢ charity. The pension costs represent the amount of contributions mad¢ by the Charity during the year. The charge for the year is £17,665 (2024.. £21,248) 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 MaTeh 2025. Page 32
Glenboig Development Trnst (SCIO) Delaffiled Statement of Financial Activities for tht Year Ended 31 March 2025 31.3.25 31.3.24 tNCOME AND ENDOWMENTS DoDatiODS and legAeies Donations 4,165 14,757 Other tradlng activities Shop income Cafe income Youth activities Brick Transport income Post office income Other incom¢ Bar income Room Hire Gardening Encome Gym Income 28.498 109,523 17.755 532 93.893 75 22,935 916 24,879 30 2.584 26.740 89.379 16.237 175 57,620 9,382 22.074 12,543 23.209 3.943 1.619 301,620 262.921 Charitable activitie5 Grants 392,793 553,943 Total iD¢omAllg resourees 698.578 831,621 EXPENDITURE Raising donAtions and legacies Bar purch&ses Caf¢ purchases Shop purchases 1.228 52.254 1.122 47,726 21.403 73,821 70.251 CharRtable 2etivitie$ Wages Social security Pensions Rates and water Insurance Light and heat Telephone CaTried forward 509.105 26,873 17.665 3.550 12.233 47,113 1,847 618,386 454,542 23.380 21,248 3,812 18,334 52.473 1,622 575,411 This page does not fom) part of the statutory financial statements Pag¢ 33
Glenboig Development Trust (SCIO) Delailed Stalement of Financial Activities for the Year Ended 31 Mareh 2025 31.3.25 31.3.24 Charitable activltles Brought forward Postage and station¢ry Advertising Sundries Cleaning Repairs and renewals Outreach work Motor expenses Computer software Stsff training Travelling expenses 618.386 1,163 320 851 3.748 23,383 10,576 15,345 2.238 390 864 57S,411 904 415 .061 3,099 26,932 80,665 16.052 2,247 1,599 576 [ 11 Equipment hire Accountancy fees Consultancy fees Bank charges Payroll costs Voluntser expenses L¢Eal and professional fees Bad debts written off Freehold property Plant and machinery Fixtures and fittings Motor vehicles Cornputer equipment 6,725 5,918 5,915 3,589 2,701 11,616 5,418 3.487 6.097 11,342 208 45.832 52.067 7,426 2.439 16,507 299 8,718 1,221 52,067 5,570 1,829 12,380 781,196 874,400 Support costs Governance costs Auditors, remuneration 6.800 Totsl resources expended 861,817 949 901 Net expenditure 163,239) 118,280) This page does not fonn part of the statutory financial 51atements Page 34