2024-07-01-accounts - Glasgow Philharmonia SCIO

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Report of the Trustees and

Independently Examined Financial Statement For The Year Ended 1 July 2024

For

Glasgow Philharmonia SCIO Registered Charity Number: SC047789

Voluntary Action East Renfrewshire SCIO

60 Busby Road Clarkston East Renfrewshire G76 7AT

Registered Number : SCO28103

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Contents of the Financial Statements For the Year Ended 1 July 2023

	Page
Report of the Trustees	1 to 4
Report of Independent Examiner	5
Statement of Receipt and Payments	6
Statement of Balances	7
Notes to the Accounts	8
Analysis of Payment and Receipts	9
Breakdown of unrestricted funds	10

R?Stered Charity Numbgr.. SC047789 Glasgow Philharmonia SCIO Report of the Trustees For the Year Ended l July2024 The organisation became a SCIO Registered Charity on 3rd October 2017 being governed by a constitution. It has a two tier structure. Glasgow PhilhamKJnia SCIO 5C047789 42 Lothian Drive Clarkston Glasgow Postcode G76 7NB Trustee name Office (rf any) Chair Treasurer Names of all other charity trustees during the period. if any. Ifor example, those who resigned part way through the financial period) 5 acted rf not for whole ye Trustee recruitment and appointment The Trustees t on a quarterty basis. There must be a minimum of Three Trustees. NW menJers are acts'Ve sought in the course of the actimties of the organisation. Trustees are ethted by majority irt annual at the AGM. Additional Trustees are appoint by majority vote of the eyisting Trustees as the need arises to ensure the c¢xrect sknll set is adilable for the organisation to achiele its objecti. The ganiSa'0n has a gcxxl driety of skilL8 and e>perience N¥ithin the current Trustees

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Report of the Trustees For the Year Ended 1 July 2024

Charitable purposes

The advancement of the arts, heritage, culture or science;

2. The organisation of recreational activities with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.

Summary of the main activities in relation to our objects

Various events and concerts throughout the year

Summary of main achievements

The members took part in many events such as:

Movies to Musicals 2023 Les Miserables - Edinburgh Fringe

Movies to Musicals 2024 - Armadillo - 10th Anniversary

Workshops in person

Residential trip to Ardentinny

Many rehearsals were had for musicians, singers, dancers throughout the year.

Kids Cast and Musical theatre cast offered many opportunities.

The charity reserve policy

The charity held funds at 1[st] July 2024 of £21,117. These are unrestricted funds not committed ('the free reserves')

The Board consider that the current level of free reserves is adequate but is always considering ways of achieving additional income.

R?Stered Charity Numbgr.. SC047789 Glasgow Philharmonia SCIO Report of the Trustees For the Year Ended l July2024 statement As To Disclosure Of Information To Independent Examiner So far as the Trustees are ware. there is no revant inf0mlI0n of which the Independent Eyaminer is unaware. Independent Examiner IndeFendent Eyanlner, Mfjll k prcwsed for re-appointnEnt at Ihe forthcoming Annual general Meeting. The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Swjnaturelsl Full nam2lsl Position le.g. CEO Chair) 03104124 0%04124 Date

Registered Charity Number: SC047789

Report of the Independent Examiner to the Trustees and Members of Glasgow Philharmonia SCIO

I have examined the financial statements of Glasgow Philharmonia SCIO for the year ended 1 July 2024 on pages Six to Ten.

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) 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.

Glasgow Philharmonia SCIO is a registered Scottish Charity; my examination is 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 organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the 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 accounts.

In the course of my examination, no matter has come to my attention

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 comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 05/06/25

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Statement of Receipts & Payments For the Year Ended 1 July 2024

	Unrestricted funds	Restricted funds	Expendable endowment funds	Permanent endowment funds	Total funds current period	Total funds last period
	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £
A1 Receipts
Donations	6,798				6,798	7,208
Sponsorship	6,160				6,160
Grants	-				-	-
Receiptsfrom fundraising activities	30,755				30,755	9,628
Gross tradingreceipts					-
Refund	-				-	-
Loan from Trustee					-
Gross receipts from other charitable activities	59,404				59,404	53,238
GiftAid					-	714
*A1 Sub total*	103,117	-	-	-	103,117	70,788

A2 Receipts from asset & investment sales
Proceedsfromsale of fixed assets					-
Proceedsfromsale of investments					-
*A2 Sub total*	-	-	-	-	-	-

**Total receipts **	103,117	-	-	-	103,117	70,788

A3 Payments
Expenses for fundraising activities	29,852				29,852	3,089
Gross trading payments					-
Investment management costs					-
Payments relating directly to charitable activities	52,234				52,234	61,643
Grants and donations					-
Governance costs:					-
Audit / independent examination	55				55	55
Preparation of annual accounts	55				55	55
Legal costs					-
Refund	4,399				4,399	2,400
					-
**A3 Sub total **	86,594	-	-	-	86,594	67,242

A4 Payments relating to asset and investment movements
Purchases of fixed assets					-
Purchase of investments					-
**A4 Sub total **	-	-	-	-	-	-

**Total payments **	86,594	-	-	-	86,594	67,242

*Net receipts / (payments)*	16,522	-	-	-	16,522	3,546

A5 Transfers to / (from) funds					-

*Surplus / (deficit) for year*	16,522	-	-	-	16,522	3,546

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Statement of Balances For the Year Ended 1 July 2024

Categories	Details	Unrestricted funds	Restricted funds	Expendable endowment funds	Permanent endowment funds	Total current period	Total last period
		to nearest £	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £
B1 Cash funds	Cash and bank balances at start of year	4,595				4,595	1,049
	Surplus / (deficit) shown on receipts and payments account	16,522				16,522	3,546
						-
						-
	Cash and bank balances at end of year	21,117	-	-	-	21,117	4,595
	(Agree balances with receipts and payments account(s))	-	-	-	-	-	-

	Details			Fund to which	asset belongs	Market valuation	Last year
						to nearest £	to nearest £
B2 Investments



					Total	-	-

	Details		Fund to which	asset belongs	Cost (if available)	Current value (if available)	Last year
					to nearest £	to nearest £	to nearest £
B3 Other assets







				Total	-	-	-

	Details			Fund to which l	iability relates	Amount due	Last year
						to nearest £	to nearest £
B4 Liabilities


					Total	-	-

	Details			Fund to which l	iability relates	Amount due (estimate)	Last year
						to nearest £	to nearest £
B5 Contingent liabilities


					Total	-	-

Signed by one or two trustees on behalf of all the trustees	Signature			Print Name			Date of approval
							05 June2025
							05 June 2025

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Notes to the accounts For the Year Ended 1 July 2024

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)+A5:KA5:K32	Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity did not recieve any restricted funds.	Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity did not recieve any restricted funds.	Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity did not recieve any restricted funds.	Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity did not recieve any restricted funds.	Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity did not recieve any restricted funds.	Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity did not recieve any restricted funds.

	Type of activity or project supported		Individual / institution		Number of grants made	£
C2 Grants


					Total	-

C3a Trustee remuneration	If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b)


	Authority under which paid					£
C3b Trustee remuneration - details




C4a Trustee expenses	If no expenses were paid to any charity trustee during the period then cros (otherwise complete section 4b)			s	this box	x


					Number of trustees	£
C4b Trustee expenses - details



	Nature of relationship	Nature of transaction			Transaction amount (£)	Balance outstanding at period end(£)
C5 Transactions with trustees and connected persons



C6 Other information	The charity trustees didnotreceive anyremuneration forcarrying out			their roles as charity trustees.

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Analysis of receipts and payments For the Year Ended 1 July 2024

1 Donations
	Unrestricted funds	Restricted funds	Expendable endowment funds	Permanent endowment funds	Total current period	Total last period
	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £
Micellanious	6,798				6,798	7,208
Sponsorships	6,160				6,160
					-
					-
Total	12,958	-	-	-	12,958	7,208



2 Grants
	Unrestricted ~~funds~~	Restricted funds			Total current ~~period~~	Total last ~~period~~
	to nearest £	to nearest £			to nearest £	to nearest £
					-
					-
					-
					-
Total	-	-			-	-



3 Gross receipts from other charitable activities
	Unrestricted funds	Restricted funds	Expendable endowment funds	Permanent endowment funds	Total current period	Total last period
	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £
Workshops	5,240				5,240	39,561
Fees	18,024				18,024	13,236
Promotional materials					-	441
Auditions	355				355
n	7,380				7,380
Anniversary event	28,085				28,085
Chior	320				320
					-
Total	59,404	-	-	-	59,404	53,238



4 Payments relating directly to charitable activities
	Unrestricted funds	Restricted funds	Expendable endowment funds	Permanent endowment funds	Total current period	Total last period
	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £	to nearest £
Promotion & advertising	2,027				2,027
Transport	1,951				1,951	2,643
Anniversary event/Tour	34,480				34,480	41,659
Insurance	149				149	143
Ardentinny	6,275				6,275
Venue/accomodation hire	4,059				4,059	15,458
Workshop	1,666				1,666	1,740
Website	315				315	-
Catering	1,312				1,312	-
Loan repayment					-
					-
Total	52,234	-	-	-	52,234	61,643

Registered Charity Number: SC047789

Glasgow Philharmonia SCIO Breakdown of unrestricted funds For the Year Ended 1 July 2024

					Total unrestricted funds	Total unrestricted funds last period
Receipts
Donations	6,798				6,798	7,208
Sponsorship	6,160				6,160
Grants	-				-	-
Receiptsfrom fundraising activities	30,755				30,755	9,628
GiftAid					-	714
Refund	-				-	-
Loan from Trustee					-
Gross receipts from other charitable activities	59,404				59,404	53,238
*Sub total*	103,117	-	-	-	103,117	70,788
					-
Receipts from asset & investment sales
Proceedsfromsale of fixed assets					-
Proceeds from sale of investments					-
*Sub total*	-	-	-	-	-	-

*Total receipts*	103,117	-	-	-	103,117	70,788
					-

Payments
Expenses for fundraising activities	29,852				29,852	3,089
Gross trading payments					-
Investment management costs					-
Payments relating directly to charitable activities	52,234				52,234	61,643
Grants and donations					-	-
Governance costs:					-
Audit / independent examination	55				55	55
Preparation of annual accounts	55				55	55
Legal costs					-
Refund donation included £4000made bymisatake	4,399				4,399	2,400
					-
*Sub total*	86,594	-	-	-	86,594	67,242

Payments relating to asset and investment movements
Purchases of fixed assets					-
Purchase of investments					-
*Sub total*	-	-	-	-	-	-
					-
*Totalpayments*	86,594	-	-	-	86,594	67,242

*Net receipts / (payments)*	16,522	-	-	-	16,522	3,546

Transfers to / (from) funds					-

*Surplus / (deficit) for year*	16,522	-	-	-	16,522	3,546


Nature andpurpose of funds
	Al	l funds unrestricte	d