Charity registration number SC049815 (Scotland) NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mark McRitchie (Chairperson) Gary Genles Ivice Chairperson) Alexander Busby Douglas Taylor Jill McKay Stuart Duffin Stuart Radose (Appointed 4 September 2024) (Appointed 8 November 2024} Charity number (Scotland) SC049815 Principal address Community Central Halls 292-316 Maryhill Road Glasgow G20 7YE Independent examiner Jennifer Alexander CA Azets Audit Services Chartered Accountants Titsnium 1 King's Inch Pla Renfrew PA4 8VVF
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-11
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordan with the accounling policies set out in note 1 to the accounts and comply with the Trust's Deed, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and '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 The charity's objectives are to promote the role of the voluntary sector in the North West of Glasgow by influencing and forming public policy, by supporting member organisations wth appropriate services, by consultation and partnership with appropriate agencies and by creating a positive business and enterpnse environment. The charity will work to disseminate good practice, to develop and expand the role of the voluntary sector generally and to increase the opportunity to develop innovative practice and best quality Servi delivery of North West Glasgow Voluntary Sector Network SCIO members. Review of the year 2024-25, brought with it a continuation of the austerity that had blighted both our member organisations & the people they seNe. The increase in National Insurance also had an effect this year with organisation having to meet the rise in costs for staff without an increase in nding. The network continued to support members by providing free training, advice & guidan on g0veman, building capacity & dealing with day-to-day issues. so that they could continue to focus on delivering services. Funding continued to be an issue this year, wth both Scoth'sh Govemment & Glasgow City Council announcing their intentions with existing funding for the sector. The Scottish Govemment opened a discussion with the sector about what fairer funding might look like but we are yet to see progress on this. We continued to support member representatives on various council decision-making structures, ensuring the voices of our members are heard & that they are actively involved in decisions that affect them & the people they serve. Plugged in IT refubishment project The IT recycling project continued its success, wth donations of devices reaching 2000 early 2025. We are delighted that U-switch recognised the important work we do & paid for a year's broadband for our office. We developed our understanding & recording of the projects impact on the environment & the circular economy, saving around 10 tonnes of e-waste this year alone. We also looked at how we could help support the sustainability goals of the cty & successfully applied for LEZ funding to support Plugged In to deliver donated devices to Glasgow citizens & prevent e-waste from going to landfill. Future Plans We will continue to respond to members, to provide free training, networking & crisis support, so they can focus on delivery. We will develop & progress our advocacy work making sure the voices of our members are heard on the city's decision-making structures. We will look at how we hamess citizens & businesses that wish to donate to Plugged in IT refurbishment project, & how we work towards making sure every citizen who needs a device gets one. Financial review The results for the year show the direct expenditure on charitable activities at £112,955 (2024 - £100,558). The charity incurred a deficit of £20,230 (2024= surplus of £11,891) of vthi¢h £nil where restrictgj (2024 - £17,825) and £22,321 were unrestricted (2024- £24,726) in the year resulting in funds of £22,321 as at 31 March 2025 (2024 £42,551). The principal funding source was contributions from Glasgow Communities Fund amounting to £87,167 (2024- £87,167).
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy The policy of the charity is to have unrestricted reserves equivalent to three months running costs. The charity's unrestricted reserves have decreased in the year to the 31st March 2025 but still fall short of this amount. The trustees will continue working to generate further unrestricted reserves and aim to increase the total to at least the level of three months running costs. structure, governance and management The North West Glasgow Voluntary Sector Network SCIO (SC049815) was established on 12 December 2019 to replace the North West Glasgow Voluntary Sector NeOrk SC040005 an unincorporated association. On 31 March 2023 the assets and liabilities of North West Glasgow Voluntsry Sector Network {SC040005) were transferred over to North West Glasgow Voluntary Sector Network SCIO (SC049815). The charity is govemed by its constitution. The trustees who seNed during the year and up to the date of signature of the financial ststements were.. Mark McRitchie (Chairperson) Gary Gentles (Vice Chairperson) Alexander Busby Douglas Taylor Gillian Pollok Jill McKay Stuart Duffin Stuart Radose Melanie Farrow (Resigned 4 September 2024) (Appointed 4 September 2024) (Appointed 8 November 2024) (Resigned 1 May 2024) Recruitment and appointment of trustees As set out in the constitution, trustees are appointed to the board at the AGM by the members. New Trustees undergo an orientation day to brief them on their legal obligations under charity law. Trustees are encouraged to attend appropriate extemal training events where these wll facilitate the undertaking of their ro. Trustees are able to co-opt up to four additional trustees who need not be members of the network. Organisational structure The trustees administer the charity. The trustees meet regulady and delegate responsibilities to the Project Co- ordinator who is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the Project C¢>ordinator has delegated authority for operational matters including service provision, finance and administration. The trustees, report was approved by the Board of Trustees. Douglas Taylor 12 March 2026
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK scio I report on the financial statements of the charity for the year ended 31 March 2025, which include the statement of financial activities, balan sheet and the related notes. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts {S¢otland) Regulations 2006. The charity trustees consider that the audit requirement of Regulats'on 10{1)(a)-{c) of the Charities Accounts (Scotland) Regulations 2006 does not apply. My examination is carried out in accordance wth Regulation 11 of the Charities Accounts {Scotland} Regulations 2006. An examination includes a review of the accounting records kept by the charity and a cOmparisc of the financial statements presented with those records. It also indudes consideration of any unusual items or disclosures in the financial statements, and seeking 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 view given by the financial statements. Basis of independent examiner's statement My examination is carried out in accordance wth Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees conmIng 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 financial statements. Independent examinerfs statement In the course of 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 Charities and Trustee Investrnent (Scotland} Act 2005 and Regulation 4 of the CharitiesAccounts (Scotland) Regulations 2006, and to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts {Scotland) Regulations 2006 have not been met, or 2. to which, in my opinion, attention should be dravm in order to enable a proper understanding of the financial statements to be reached. Jennifer Alexander CA Azets Audit Services Chartered Accountants Titanium 1 King's Inch Place Renfrew PA4 8WF 16 March 2026
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies 5.558 87,167 92,725 13,432 99,017 112,449 Total income 5.558 87,167 92,725 13,432 99,017 112,449 Expenditure on: Charitable activities 1.962 110,993 112.955 2.752 97,806 100.558 Total expenditure 1.962 110,993 112.955 2.752 97,806 100.558 Net 1ncomel(expenditu) 3,596 (23,826) {20,230) 10,680 1,211 11,891 Transfers beeen funds (6.001) 6,001 Net movement in funds (2,405) (17,825) {20,230) 10,680 1,211 11,891 Reconciliation of funds: Fund balances at 1 April 2024 24,726 17,825 42,551 14,046 16,614 30,660 Fund balances at 31 March 2025 22.321 22.321 24.726 17,825 42.551 The statement of financial activits'es indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand 3,171 24,621 48,546 27,792 48,546 Creditors: amounts falling due within one year (5.471) {5.995) Net current assets 22.321 42.551 The funds of the charity Restricted income funds Unrestricted funds 17,825 24,726 22,321 22,321 42,551 The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by.. Douglas Taylor
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information North West Glasgow Voluntary Sector Network SCIO is a charity registered in Scotland. The main ad(kess is 292-316 Maryhill Road, Glasgow, G20 7YE. United Kingdom. The principal activities of the charity during the year were to promote the role of the Voluntary Sector in the North West of Glasgow. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's goveming document, the Charities and Trustee Investment (Scodand) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statwnent of cash flows. The financial statements are prepared in sterling, vthich is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trLtstees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their Charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income re1vable can be measured reliably. 1.5 Donations Donations are recognised when the charity has evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Entidement usually arises immediately upon receipt, however, in the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until eilher those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 1.6 Grants receivable Income from govemment and other grants, whether 'capital' or 'revenue' in nature, are recognised when the charity has unconditional entitlement to the funds. it is probable that the income will be received, the amount can be measured reliably. Unconditional entidement wll be achieved once any perfom)an¢e or other conditions attached to the grants have been met, or fulfilment of those conditions is wholly within the control of the charity. Where perfomiance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. 1.7 Generated Income Generated income, including donations, grants, and other voluntary income, is recognised in the Statement of Financial Aclivilies when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured reliably. Income is allocated to restricted or unrestricted funds according to the temis of the donation or grant. Amounts received in advance that are subject to performance- related conditions are deferred until those conditions are met. 1.8 Expenditure Expenditure is recognised once there is a legal or constnjctive obligation to transfer economic benefit to a third paty, 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 classified by activity. The costs of each activity are made up of the total of dir costs and shared costs, including support costs involved in underlaking each activity. Direct costs attributatAe to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.9 Governance costs Governance costs {which are induded as a component of support costs in accordance with SORP) comprise all costs involving the public accountability of the chanty and its compliance with regulation and good practice. These costs indude those related to constitutional and statutory requirements, exiemal scrutiny (audit or independent examination), strategi¢ management, and other legal and professional fees. 1.10 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 1.12 Basic financial assets Basic financial assets, which include debtors and cash and bank balans, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the fLrture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 1.13 Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.14 Employee benefits The cost of any unused holiday entillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense vthen the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. The trustees are not aware of any critical accounting estimates or judgements that would have a material impact on the charity's financial statements. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Generated Income Grants 5.558 5,558 87,167 13,432 13,432 99,017 87,167 99,017 5.558 87,167 92.725 13,432 99,017 112,449
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Icontinued) Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Grants Glasgow Community Fund Flight Path Fund Garfield Weston 87,167 87,167 87,167 1,850 10,000 87,167 1,850 10,000 87,167 87.167 99,017 99,017 Expenditure on charitable activities 2025 2024 Charitable Expenditure Salary Costs Insurance Stationery and postage Development Hall hire IT Telephone Bank charges Rent and rates Travel Training Van removal Events Consultancy Independent Examination 92,992 891 1,334 4,367 114 901 400 74,902 487 1,126 5.023 1.502 1.339 4.660 30 6,200 1,065 6,552 306 840 250 1,364 1,300 1,560 2,208 1,800 112,955 100,558 Analysis by fund Unrestricted funds Restricted funds 1,962 110,993 2.752 97.806 112,955 100.558
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Governance costs 4,008 2,860 Analysed between: Consultancy Independent Examination 4,008 2,208 1,800 2,860 1,300 1,560 4,008 2,860 Trustees The Trustees consider the Charity's key management personnel comprise the Trustees, Project Co-ordinator and part time Development Workers. The total employment benefits of the key management personnel were £69,417 12024 £69,969). No employee received remuneration of more than £60.000 and no Trustee received any expenses or remuneration. Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Total Employment costs 2025 2024 Wages and salaries 92,992 74.902 There were no employees whose annual remuneration was more than £60,000. Debtors 2025 2024 Amounts falling due within one year: Other debtors 3,171 10-
NORTH WEST GLASGOW VOLUNTARY SECTOR NETWORK SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 5,471 5,995 10 Related party transactions During the year the NeOrk paid the Yoker Resour Centre £3.100 (2024 - £6.200} for offi Space within the Yoker Resource Centre and £1,993 for bookkeeping and payroll services (2024- £1,300). Alexander Busby is on the Board of the North West Glasgow Voluntary Sector NeOrk and is the Senior Officer of Yoker Resource Centre. 11