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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
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## **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 InI￿d 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 day4￿daY w(xk of the h81 and wllhlxrt them the hall would ￿1 be the sU￿e$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 p￿￿￿lar 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 t￿Ik1 Up￿ Ihis y*s su(xesw that hall will (x)ntinue to go from strength to strength. FINANCIAL REVIEW Flnanclal pogltlon The (*arlty ge￿rated 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 refle￿e& (2024: £7,777), £￿9 b￿ng rèstrSded res8Thes <2024.. £3.959) and £787 of designated furnls repreS￿ting 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 s￿￿01 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 opin￿n 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 T￿gI￿a 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 AnKI￿ts 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 s￿ned ￿ 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 9. SUPPORT COSTS Independent examination 2025 2024 £ £ 870 780 10. 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). 11. 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 12. 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 17. 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) 18. RELATED PARTY DISCLOSURES Other than those disclosed in Note 10, there were no related party transactions for the year ended 31 March 2025. 19. 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 20. 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