----- Start of picture text -----
REGISTERED CHARITY NUMBER: SC046362
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
Clyde Community Hall
Brett Nicholls Associates
Herbert House
24 Herbert Street
Glasgow
G20 6NB
----- End of picture text -----
Clyde Community Hall
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
Clyde Community Hall
Reference and Administrative Details for the Year Ended 31 March 2025
TRUSTEES
PRINCIPAL ADDRESS
REGISTERED CHARITY NUMBER INDEPENDENT EXAMINER
BANKERS
$C046362 Po Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB TSB 2176 Paisley Road West Glasgow G52 3SJ
Page 1
Clyde Community Hall
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The organisation’s purposes are: The provision of recreational facilities, and the organisation of recreational activities, with the object of improving the conditions of life of service users, particularly within the Ibrox, Govan and Cessnock areas of Glasgow, primarily through (but not limited to) the operation of a centre providing access to a variety of facilities and activities based within the area.
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
The year 2024-2025 was yet again another busy one for us, with a whole raft of activities and events taking place that have ensured that the hall has continued to be an important resource for the community.
The Community Meal and the Cosy Café have been a particular strength of the team and my thanks go to all of those, both staff and board members who have worked so hard, for so long to make it such a success.
The monthly Tea Dance, with our local Skiffle Band providing live music to dance to, has also been be a much looked forward to event.
Our grant funding enabled us to provide a Toddler Group, facilitated by Home Start Glasgow South and a Yoga class. Unfortunately, our regular Yoga teacher became unavailable and classes stopped for a while but we have now found a new teacher to provide accessible Chair yoga once a fortnight. If this proves successful, we plan to expand on it further.
In addition to these activities, we provided affordable space to Momentum Tae Kwon and the Inclusive Homework Club, both of which provided great opportunities for younger members of our community.
We also hosted the monthly Community Networking Breakfast which brought together organisations and services that support communities across the Govan Ward.
We were also happy to be able to once again support the Govan Fair. The hall provided shelter and toilet facilities to the Parade participants while they gathered and waited for the procession to leave from Fairley Street. This helped bring a bit of the colour and excitement of the Govan Fair right into to our local area.
Our Grant Funding does not cover all of our running costs and so we generated much needed income by hiring out the hall to a wide range of individuals and organisations for their own events and celebrations while always making sure that there were local rates for local people in line with our Constitution.
We were particularly pleased this year to host the Sports Futures Trust which is an organisation that provides a support programme, two days a week for young secondary school children who find attending school a struggle. This programme was highly successful.
It helped the young people who participated in the seven-month long course to develop valuable life skills out with the school setting. This supported them in moving on to Further Education, Training and Employment. We are looking forward to welcoming a new group back again this year.
Page 2
Clyde Community Hall Report of th¢ Trustees for the Year Ended 31 March 2025 Bein a Trustee is a volunta sitlon. not a paKI one and l am enOmC$ grateful to wr twstees. or giving so generously of their time and expertise. Three of our Tnjstees have indi(t&S that they InId to stsnd from the tM)ard thls cc#nlrKJ year we wlll be actlvely seeking some new Trustees to replace them. The Board employ a tearn of staff to cary out the day4daY w(xk of the h81 and wllhlxrt them the hall would 1 be the sUe$S that it today. I want to 8Xtend a hug8 thank you to our stsff team hard to help make the hall such a pleasant, safe aThJ we ho hav8 woth•J 8xtrem8ty coming p ace. ur chef has recenty declded to leave hb post here and I want to rec(xd our plar thanks to hlm all the hard work he put in to developing the o)mmunity meal. We wsh him well for t future. I hope that in lh8 year to (xxYK we wll be atkn to tIk1 Up Ihis ys su(xesw that hall will (x)ntinue to go from strength to strength. FINANCIAL REVIEW Flnanclal pogltlon The (arlty gerated a net sury4us of £3,517 durlr¥J the year erKled 31 March 2025 (2024: defidt of £3,809). On 31 Marth 2025, reserves stcM)d at £17,23312024: £13.716), wilh £15.537 of these beirwJ unrestrioted reflee& (2024: £7,777), £9 bng rèstrSded res8Thes <2024.. £3.959) and £787 of designated furnls repreSting the tK)ok value of fixed assets (2024: £1,980). Rosorves pollcy is the pcdicy of the ch8nty to trK4d Unrestric roserrfes tyuivalent to ttryee nN)nths oporatiTrJ Luts. For the year to 31 March 2025. this equates to £16.264 (2024.. £19.634). Al balan date. unrestricted free reseNes stCK)d at £15.537 (2024: £7.777). The twstees are aware that this policy is IMA being met and are w(wking to iruease ts free r&8erves. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The tharity is a Scottish Charltable lrKjxF ¢knnlsation thlth18 go¥ned ty Ns Constituth. Recrultment and appolnlment of new trustees The charity reuuits trustees by placing an advertisement on s01 or by exlerMJirwJ an inwtstion to an indr¥idual rf tsy are known to have Specif thllslknowledge that the board needs. There then an initkal interview with the Chair and 1 other board member which indudes Completi of skills set matrix. The Chair then rerths to board with recommendatlon and Seeks approval from th8 other members. Key managemenl remuneratlon The management of the Hall is undertaken by ts trustees. Vh do so a wJuntary basis and so are of opinn thwe VRS remur1erat1 paid to key management Fer$(1 in the peiiod to 31 Marth 2025. IAJll/?n?4 Approved by order of board of trustees on ... and sw on hs behalf by..
Independent Examiner's Report to the Trustees of Clyde Community Hall
I report on the accounts for the year ended 31 March 2025 set out on pages five to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) 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 to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 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 items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting 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 understanding of the accounts to be reached.
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Date: .............................................
Page 4
Clyde Community Hall
Statement of Financial Activities for the Year Ended 31 March 2025
2025 2024 Unrestricted Restricted Total Total funds funds funds funds Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 760 35,498 36,258 48,738 Charitable activities 5 Operation of Community Centre - - - 831 Other trading activities 4 31,515 - 31,515 24,414 Other income 6 801 - 801 745 Total ~~33,076 35,498 68,574 74,728~~ EXPENDITURE ON Charitable activities 7 Operation of Community Centre 26,509 38,548 65,057 78,537 NET INCOME/(EXPENDITURE) 6,567 (3,050) 3,517 (3,809) RECONCILIATION OF FUNDS Total funds brought forward 9,757 3,959 13,716 17,525 TOTAL FUNDS CARRIED FORWARD 16,324 909 17,233 13,716
CONTINUING OPERATIONS This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities in both years. Comparative figures for the previous year by fund type are shown in Note 12.
The notes on pages 7-14 form part of these financial statements
Page 5
Clydo Communty Hall Balance Sheel 31 March 2025 2025 2024 FIXED ASSETS TgIa assets 13 787 1,980 CURRENf ASSErs 14 8.175 22.211 6.312 7.480 Cash at bar* and In haNI 13,792 CREDITORS AnKIts fdlir¥J tr¥n ye 15 113.940) 110561 NEf CURREKf ASSErs 16.446 11.736 TOTAL ASSEfs LESS CURRENT UABILMES 17,233 13.716 NEf ASSErs 17.233 13.716 FUNDS Unrestrlcted furwjs: Generl fLnd Deslgnated Flxed Asset FWKI 17 15,537 787 7.7TI 1.9 16.324 9.757 Restrlcted funds 3.959 TOTAL FUNDS 17.233 13.716 131111202J flnanclal statements were aFyoved ty tho of Trustees and autr¥) fty Is3u8 on ...... arKI wgro sned ts ty: The notes on pages 7.14 f(Th part crfthese financia statements
Clyde Community Hall
Notes to the Financial Statements for the Year Ended 31 March 2025
1. GENERAL INFORMATION
Clyde Community Hall ("the charity") is Scottish charitable incorporated organisation governed by its constitution dated 23 February 2016. It was registered as a charity in Scotland (registered number SC046362) on 23 February 2016. Its registered address is
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
-
the Charities and Trustee Investment (Scotland) Act 2005;
-
Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
-
the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
-
'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in October 2019 (FRS 102)' ("the Charities SORP");
-
UK Generally Accepted Accounting Practice; and
-
the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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 received and the amount can be measured reliably.
Page 7
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. ACCOUNTING POLICIES - continued
Expenditure
Liabilities are recognised as expenditure as soon as there 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 settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant and machinery | - | 25% on cost |
|---|---|---|
| Fixtures and fittings | - | 25% on cost |
| Computer equipment | - | 25% on cost |
It is the policy of the trustees to capitalise any tangible fixed assets purchased where the cost exceeds £1,000.
Taxation
Clyde Community Hall is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
Fund accounting
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 nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
3. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Govan Area Partnership GCC - Communities Fund Impact Funding Partners Co-op Community Fund Govan Housing Association The Corra Foundation GCVS Wellbeing Fund Rangers Charity Foundation |
2025 £ 260 35,998 36,258 2025 £ 875 33,773 - 500 - - - 850 35,998 |
2024 £ 40 48,698 |
|---|---|---|
| 48,738 | ||
| 2024 £ - 33,773 3,625 - 300 1,000 10,000 - |
||
| 48,698 |
Page 8
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 4. OTHER TRADING ACTIVITIES 2025 £ Hall Hire 31,505 Refreshments 10 31,515 5. INCOME FROM CHARITABLE ACTIVITIES 2025 Activity £ Parent & Toddlers Operation of Community Centre - 6. OTHER INCOME 2025 £ Employers Allowance 801 7. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 8) note 9) £ £ Operation of Community Centre 64,187 870 8. DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 £ Staff costs 38,764 Advertising 117 Cleaning 1,068 General Expenses - Insurance 797 I.T. Software and Consumables - Heat, Light & Power 7,922 Payroll Fees 1,047 Printing & Stationery 39 Rent 868 Repairs & Maintenance 2,719 Telephone & Internet 670 Legal & Professional Fees - Bookkeeping 455 Training 189 Xmas Parties 442 Parent & Toddlers 1,752 Subscriptions - Catering equipment & supplies 122 Equipment 1,386 Family fun days 1,170 Travel 52 Community Meals 2,852 Cosy Cafe 563 Depreciation 1,193 64,187 |
2024 £ 24,414 - |
|---|---|
| 24,414 | |
| 2024 £ 831 2024 £ 745 Totals £ 65,057 |
|
| 2024 £ 42,119 36 1,444 1,371 354 472 7,519 1,204 83 2,938 3,482 585 900 440 51 - 5,226 80 1,458 762 6,039 - - - 1,194 |
|
| 77,757 |
Page 9
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
- SUPPORT COSTS
Independent examination
2025 2024 £ £ 870 780
- 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
Trustee travel expenses totalling £18 were paid during the year ended 31 March 2025 (2024: Nil).
- STAFF COSTS
2025 2024 £ £ Wages and salaries 37,167 40,598 Social security costs 801 745 Other pension costs 796 776 38,764 42,119 The average monthly number of employees during the year was as follows: 2025 2024 Administrative Staff 5 4 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total funds funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 340 48,398 48,738 Charitable activities Operation of Community Centre 831 - 831 Other trading activities 24,414 - 24,414 Other income 745 - 745 Total ~~26,330 48 398 74,728~~
Administrative Staff
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
EXPENDITURE ON Charitable activities Operation of Community Centre
23,699 54,838 78,537
Page 10
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ NET INCOME/(EXPENDITURE) 2,631 (6,440) RECONCILIATION OF FUNDS Total funds brought forward 7,126 10,399 TOTAL FUNDS CARRIED FORWARD 9,757 3,959 13. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 April 2024 and 31 March 2025 3,490 10,637 1,276 DEPRECIATION At 1 April 2024 3,458 8,689 1,276 Charge for year 32 1,161 - At 31 March 2025 3,490 9,850 1,276 NET BOOK VALUE At 31 March 2025 - 787 - At 31 March 2024 32 1,948 - 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade debtors 2,459 Payroll account 5,716 8,175 |
Total funds £ (3,809) 17,525 13,716 Totals £ 15,403 13,423 1,193 14,616 787 1,980 2024 £ - 6,312 6,312 |
|---|---|
Page 11
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade creditors Deposits held Deferred income Accrued expenses |
2025 £ 1,920 650 10,500 870 13,940 |
2024 £ 716 560 - 780 |
| 2,056 |
Deferred income comprised income received for projects which the charity was not entitled to until the following year.
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| At 1 April | - | - |
| Deferred in year | 10,500 | - |
| Released in year | - | - |
| At 31 March | 10,500 | - |
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted funds funds £ £ Fixed assets 787 - Current assets 29,477 909 Current liabilities (13,940) - 16,324 909 Comparatives for analysis of net assets between funds |
Unrestricted Restricted funds funds £ £ Fixed assets 787 - Current assets 29,477 909 Current liabilities (13,940) - 16,324 909 Comparatives for analysis of net assets between funds |
Unrestricted Restricted funds funds £ £ Fixed assets 787 - Current assets 29,477 909 Current liabilities (13,940) - 16,324 909 Comparatives for analysis of net assets between funds |
Unrestricted Restricted funds funds £ £ Fixed assets 787 - Current assets 29,477 909 Current liabilities (13,940) - 16,324 909 Comparatives for analysis of net assets between funds |
2025 Total funds £ 787 30,386 (13,940) 17,233 |
2024 Total funds £ 1,980 13,792 (2,056) 13,716 2023 Total funds £ 3,174 17,244 (2,893) 17,525 |
||
|---|---|---|---|---|---|---|---|
| 2024 | |||||||
| Unrestricted Restricted |
Total | ||||||
| funds | funds | funds | |||||
| £ | £ | £ | |||||
| Fixed assets | 1,980 | - | 1,980 | ||||
| Current assets | 9,833 | 3,959 | 13,792 | ||||
| Current liabilities | (2,056) | - | (2,056) | ||||
| 9,757 | 3,959 | 13,716 | |||||
Page 12
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
17. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/4/24 | in funds | 31/3/25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,777 | 7,760 | 15,537 |
| Designated Fixed Asset Fund | 1,980 | (1,193) | 787 |
| 9,757 | 6,567 | 16,324 | |
| Restricted funds | |||
| Glasgow City Council | - | 411 | 411 |
| GCVS Wellbeing Fund | 3,959 | (3,959) | - |
| Govan Participatory Budget | - | 498 | 498 |
| 3,959 | (3,050) | 909 | |
| TOTAL FUNDS | 13,716 | 3,517 | 17,233 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,076 | (25,316) | 7,760 |
| Designated Fixed Asset Fund | - | (1,193) | (1,193) |
| 33,076 | (26,509) | 6,567 | |
| Restricted funds | |||
| Glasgow City Council | 33,773 | (33,362) | 411 |
| GCVS Wellbeing Fund | - | (3,959) | (3,959) |
| Govan Area Partnership | 875 | (875) | - |
| Govan Participatory Budget | 850 | (352) | 498 |
| 35,498 | (38,548) | (3,050) | |
| TOTAL FUNDS | 68,574 | (65,057) | 3,517 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/4/23 | in funds | 31/3/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,952 | 3,825 | 7,777 |
| Designated Fixed Asset Fund | 3,174 | (1,194) | 1,980 |
| 7,126 | 2,631 | 9,757 | |
| Restricted funds | |||
| GCC - Glasgow Communities Fund | 9,953 | (9,953) | - |
| Elderpark Housing Associatiobn | 446 | (446) | - |
| GCVS Wellbeing Fund | - | 3,959 | 3,959 |
| 10,399 | (6,440) | 3,959 | |
| TOTAL FUNDS | 17,525 | (3,809) | 13,716 |
Page 13
continued...
Clyde Community Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
- MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 26,330 (22,505) 3,825 Designated Fixed Asset Fund ~~(1,194) (1,194)~~ 26,330 (23,699) 2,631 Restricted funds Impact Funding Partners 3,625 (3,625) - GCC - Glasgow Communities Fund 33,773 (43,726) (9,953) Elderpark Housing Associatiobn - (446) (446) The Corra Foundation 1,000 (1,000) - GCVS Wellbeing Fund ~~10,000 (6,041) 3,959 48,398 (54,838) (6,440)~~ TOTAL FUNDS 74,728 (78,537) (3,809)
- RELATED PARTY DISCLOSURES
Other than those disclosed in Note 10, there were no related party transactions for the year ended 31 March 2025.
- PURPOSES OF UNRESTRICTED FUNDS
General Fund - the unrestricted, ‘free reserves’ of the charity
Designated Fixed Asset Fund - represents the net book value of the charity's tangible fixed assets. Depreciation is charged to this fund and additions transferred to it
- PURPOSES OF RESTRICTED FUNDS
GCC - Glasgow Communities Fund - Grant funding for centre operating costs
GCVS Wellbeing Fund - funding for salaries
The Corra Foundation - funding for salaries
Impact Funding Partners - funding for the Cosy Cafe
Govan Area Partnership - funding to be used towards tea dances
Govan Participatory Budget - funding to be used towards catering supplies
Page 14
w
I