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2025-03-31-accounts

DRUMHUB

Annual Report & Financial Statements

For the year ended

31 March 2025

For the year ended 31 March 2025

ANNUAL REPORT & FINANCIAL STATEMENTS

CONTENTS

Trustees’ Annual Report ................................................................................................................. 3 - 6
Independent Examiner’s Report ..................................................................................................... 7
Statement of Receipts & Payments ................................................................................................ 8
Statement of Balances.................................................................................................................... 9
Notes to the Financial Statements .................................................................................................. 10 - 11

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees are pleased to present their report and financial statements together with the independent examiner’s report for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Drumhub Charity Number SC046156 Principal Address

Current Trustees

Other Trustees who served during the year

Bankers TSB Bank 5 Hecia Avenue Glasgow G15 8NA

Independent Examiner

INDEPENDENT EXAMINER’S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

Drumhub is a Scottish Charitable Incorporated Organisation (SCIO) and received charitable status on the 24th November 2015 with the charity number SC046156. The charity is governed by a Constitution.

Appointment of Trustees

The Charity Trustees who are the members of the charity, make up the Board of Trustees.

Under the Constitution, there must be a minimum of 5 trustees and a maximum of 15. At each Annual General Meeting (AGM), one third of the Charity Trustees must retire from office but may be re-elected. There is no limitation on the number of terms served.

Any other vacancies can be filled by appointment as required. Employees of the organisation cannot be nominated as or become Charity Trustees

Organisational Structure

The organisation is comprised of members and Charity Trustees, there are no employees at the present time.

The members have the right to attend the AGM and have important powers when taking decisions in relations to any changes to the Constitution.

The Charity Trustees set the strategy and policy of the charity, control and supervise the activities undertaken and are responsible for monitoring its financial position.

OBJECTS & ACTIVITIES

Charitable Purposes:

The charity Drumhub was established with the following charitable purposes:

Activities:

Drumhub is a community charity that was set up by volunteers’ residents within the Drumchapel community. We will offer support and training to create opportunities to improve life circumstances through the relief of poverty, loneliness, and isolation.

ACHIEVEMENTS & PERFORMANCE

Drumhub has had a challenging year from 2024 till now. Several changes to the Charity Trustees have taken place, new members have joined, but have little experience as Charity Trustees, currently learning responsibilities as we progress. It was difficult to engage new members; however, we are pleased to acknowledge those who have stepped up to the task. Currently we have 7 Charity Trustees, with 4 holding office bearing responsibility.

FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT EXAMINER’S REPORT

Drumhub was advised that the Baptist Church where they were based was considering charging rent. Discussions took place around whether we reduce our days/hours per week to manage the additional cost.

In discussion with Glasgow City Council in relation to the Pavilion in the Park it has been agreed that going forward there will be a partnership with Drumchapel Cycle Hub, who will lease half of the building, this is anticipated to be beneficial to both groups. On going meetings are held on a regular basis.

It came as a shock to note that 7 members of the board had chosen to step down due to the possibility that the secretary had indicated that she might retire in June 2024. A decision was then made to not retire but reduce group meetings to 1 per week. New Charity Trustees were then identified and took up positions.

Banking issues were also apparent, no mail was being received from the bank and change of signatories was a problem. However, it was agreed that the same signatories would remain as changing was becoming too difficult.

A couple of fundraisers were held in conjunction with New Hope Community who use the same facility. The purpose was to raise funds towards a new kitchen for the church.

Drumhub was then advised that the church would be charging £25 per hour for the use of the building, and the charity felt this was excessive and sought alternative accommodation. In April 2025, Drumhub moved to St Mark’s Church.

Christmas dinner was once again provided on Christmas Day with financial support from 3 Housing Associations, we also provided catering for the Winter Wonderland over 2 days for volunteers and children attending.

In April 2025, Drumhub moved premises to St. Marks and given that all our assets had to be removed, we could not take them with us, various items were given to other charities. Tables & chairs etc. were given to the Baptist Church with the proviso that they allow community groups access to them by arrangement for events. Other items used for activities were passed to New Hope Community who continued to use the venue. Items for cooking etc. were removed and stored for use in the future. It is anticipated that the Pavilion will open in June 2026 when we should take up our venue on a more permanent basis. Application for funding for the Pavilion has now begun.

FINANCIAL REVIEW

Overview

Income of £3,776 (2024: £5,582) was received and the main source of income was donations and fundraising.

Expenditure totalling £3,394 (2024: £10,385) were made carrying out the charitable activities. At the end of the financial period, the charity had a surplus of £382.

Donated Facilities & Services

The Charity Trustees would like to thank the service provided by all the charity’s volunteers, who have helped contribute towards the success and achievements made within this past year.

Reserves Policy

The charity’s reserves at the end of the financial year were £4,118. The charity currently has no reserve policy in place, but this will be discussed at future meetings.

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 FUTURE PLANS Over the next year we intend to continue meeting each Thursday with events planned throughout the year. We have a play in July and December booked. We also anticipate having Christmas Dinner on Christrnas day again, whilst also servirKJ the Winter wonderland event once again. We shall also be celebrating our 10th anniversary in November. Funding applications and ongoirwJ work vitth partners in relation to the Pavilion will also continue. Currently our Mental Health worker continues to wovide support by appointment and will continue to do so when we move to the Pavilion. APPROVAL This report was apkyoved by the trustees on 25 August 2025 and s￿ned on their behalf by:

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examlnefs Report to the Trustees of Drumhub I report on the accounts of the tharity ts the year erKled 31 Marth 2025. are set out on pages 8 to 11. Respectfve responslbllftles of Trustees and Examlner The charivs trustees are reSP￿sIble for the preparation of accounts in accordan￿ wth the tenns of the Charities and Trustee Investment (Scotland) Act 2005 {"the 2005 Acr) and the Chartties Accounts {Scotland) Regulations 2006 las amended) {'Ihe 21KJ6 RegUlat￿nS"}. The trustees consider that the audit requirement of RegulatIC￿ {101(1 Ild) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts under section (44x1 Xc) of the 2005 Ad and to state whether particular matters have come to my attention. Basis of Independent Examiners SLitement My examination is carried (xrt in accordan￿ with Regulation 11 of the 2006 Regulations. An examination includes a review of the accountir¥J records kept by the charity and a comparison of the accounts presented wilh those records. It also includes consideration of any unusual items or disdosures in the accounts, and seeks explanatK)ns from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would te required in an audit, and consequently I do not express an audrt opinion on the view given by the accounts. Independent Examiners Statement In comection with my examination, rn matter came to my attention:. 1. which gives me reasonable cause to believe that in any materia respect, the requirements to keep acc<)unting records in accordance with sectK)n 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations. and to prepare accounts which accord with the accounting records and coryly with Regulation 9 of the 2006 Regulations have not been met. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

STATEMENT OF RECEIPTS & PAYMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Note
Receipts
Donations
Fundraising
Charitable Activities
Payments
Charitable Activities
5
Governance Costs
Independent Examination
Net movement in funds
Transfers between funds
Surplus/(Deficit) for year		 Note Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
2,631
2,631
3,953
1,145
1,145
-
-
-
1,629
3,776
-
3,776
5,582
2,894
-
2,894
9,985
500
-
500
400
3,394
-
3,394
10,385
382
-
382
(4,803)
-
-
-
-
382
-
382
(4,803)

The Notes on pages 10 to 11 form an integral part of these accounts.

STATEMENT OF BALANCES AS AT 31 MARCH 2025 Total Funts FLWKts 2025 2024 Funds Reconclllatlon Baknce as at 01 Awil 2024 SurpW{Deficit) year BaL¥￿e as at 31 ￿ch 2025 4.236 14.039 382 (4.803) 9.236 4.618 9,618 Bank & Cash Balances Cash at Barl( 4.574 9,574 9.016 Cash in Fkn 4.618 9,618 Llabllltles The Notes on pages 10 to 11 tsm an integral part of these accounts. These accounts were approved by the trustees on 25 August 2025 aTrJ signed on their behalf by:

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Basis of Preparation

These accounts have been prepared on the receipts & payments basis in accordance with:

There have been no changes to the basis of preparation or to the previous year’s accounts.

2.

Fund Accounting

3. Taxation

4. Transactions with trustees and related parties

5. Payments relating to charitable activities

Maintenance
Administration
Catering
Rent & Overheads
Small Equipment
Events
Travel & Accommodation
Volunteer Expenses
Stationery, Telephone & Printing
Gifts		 Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
1,011
-
1,011
986
488
-
488
1,345
353
-
353
1,468
350
-
350
250
240
-
240
475
165
-
165
1,723
122
-
122
373
90
-
90
-
75
-
75
65
-
-
-
3,300
2,894
-
2,894
9,985

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6. Movements in Funds

Unrestricted Funds
General Fund
Restricted Funds
Glasgow City Council
Total Funds		 As at
As at
31/03/2024
Receipts
Payments
Transfers31/03/2025
£
£
£
£
£
4,236
3,776
(3,394)
-
4,618
5,000
-
-
-
5,000
5,000
-
-
-
5,000
9,236
3,776
(3,394)
-
9,618

7. Purpose of Funds

Glasgow City Council Restricted funding to be expended in the next financial year, to purchase equipment for a new property lease.