/
REGISTERED CHARITY NUMBER: SC050646
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2025
for
Toryglen Community Youth Project SCIO
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Toryglen Community Youth Project SCIO
Contents of the Financial Statements for the Year Ended 31 December 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 16 |
Toryglen Community Youth Project SCIO
Reference and Administrative Details for the Year Ended 31 December 2025
TRUSTEES
PRINCIPAL ADDRESS
REGISTERED CHARITY NUMBER
INDEPENDENT EXAMINER
BANKERS
) an Geoff Shaw Community Centre 25 Kerrylamont Ave Toryglen Glasgow G42 ODN
SC050646
sccasrammicgstecormrett Nicholls lates Herbert House 24 Herbert Street Glasgow G20 6NB
Bank of Scotland 464 Victoria Road Govanhill Glasgow G42 8PB
Page 1
Toryglen Community Youth Project SCIO
Report of the Trustees for the Year Ended 31 December 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 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 exists to advance health, wellbeing and community development by providing free, inclusive and accessible facilities and activities for children, young people and families in Toryglen and the wider Southside of Glasgow.
This includes promoting participation in sport and physical activity, delivering youth and community programmes, reducing barriers linked to poverty and disability, and managing and developing the Geoff Shaw Community Centre as a sustainable community asset for long term public benefit.
Public benefit
In carrying out our activities, we have had due regard to the guidance on public benefit published by OSCR. We believe that our work delivers clear public benefit through the provision of free, inclusive, and accessible activities which support children, young people, families, and the wider community in Toryglen. Our provision particularly benefits those affected by poverty, inequality, disability, social isolation, and barriers to participation, ensuring access to safe spaces, positive activities, and community connection.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This report outlines the activities, progress, and impact of Toryglen Community Youth Project SCIO during the 2025 reporting year. The year marked a defining moment in the organisation’s journey, representing the achievement of a long standing strategic aim and the beginning of a new chapter for both the charity and the wider Toryglen community.
Since its inception, TCYP has worked towards securing a permanent, accessible, and community owned base that could support long term, free to access provision for local people. In June 2025, after a five year process of planning, advocacy, relationship building, and governance development, this ambition was realised through the People Make Glasgow Communities process.
On 20 June 2025, TCYP formally took over the management of the Geoff Shaw Community Centre and signed a 25 year lease. This milestone represented a major achievement for the SCIO and a significant moment for the community, placing a valued local asset back into the hands of a grassroots, community led charity.
Taking on the Geoff Shaw Community Centre
The transfer of the Geoff Shaw Community Centre was a central focus of the organisation’s work in 2025. Prior to the transfer, the building had experienced years of decline, physical deterioration, and a gradual disconnection from the community it was intended to serve. The impacts of Covid further accelerated this decline, leaving the centre underused and in need of substantial restoration.
Throughout 2025, TCYP has actively worked to stabilise, reopen, and begin restoring the building while delivering meaningful activity alongside these efforts. This has involved addressing urgent maintenance issues, improving safety and accessibility, and re establishing the centre as a welcoming, inclusive space for the whole community.
By taking on custodianship of this legacy building, TCYP has committed not only to its physical restoration, but to rebuilding its role as a thriving hub of community life. Our long term vision is to restore the centre to its former glory while adapting it to meet the needs of today’s diverse and evolving community.
Delivery and Reach
The Geoff Shaw Community Centre sits at the heart of Toryglen and serves a wider catchment across the Langside Ward, South Glasgow, and neighbouring communities within South Lanarkshire. Historically, the centre acted as a focal point for local life, and its decline left a significant gap in accessible, community based provision across this area.
Page 2
Toryglen Community Youth Project SCIO
Report of the Trustees for the Year Ended 31 December 2025
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Since taking on management of the building, we have re established the centre as a welcoming and highly active hub for the local area and beyond. Individuals and families now travel from across Langside, the south of the city, and parts of South Lanarkshire to access free activities, support, and safe community space. Our intention is not only to serve Toryglen, but to lead, connect, and strengthen provision across the wider southside ecosystem while remaining rooted in local need.
Since taking over the building on 20 June 2025, TCYP has supported over 2,100 unique beneficiaries through free, open access activity delivered at the centre. Engagement has grown rapidly as trust, visibility, and community confidence have increased.
On busier evenings, particularly during peak programme delivery, the building can see up to 450 people accessing free activities across multiple rooms and spaces. This level of footfall demonstrates both the scale of local need and the demand for safe, inclusive, and welcoming provision.
TCYP now facilitates over 50 hours per week of public facing, free activity. This includes youth work, sport and physical activity, arts and creativity, music, food provision, disability focused programmes, and cycling and active travel initiatives. All activity delivered by TCYP and its partners is free at the point of access, removing financial barriers and ensuring inclusion for those most affected by poverty and inequality.
This programme offer continues to expand and will grow further as the building restoration progresses and additional spaces become fully operational.
Community Led Governance and Participation
A core principle of TCYP’s model is community ownership and participant led shaping of services. Building on the success of the organisation’s established Youth Council, 2025 saw the development of new community based forums connected to the management and future direction of the Geoff Shaw Community Centre.
Building on the proven success of our Youth Council model, we have established additional community led governance structures including a Disability Forum and a Recovery Board, ensuring that people with lived experience are directly involved in shaping programmes, spaces, and decision making. Work is also underway to establish additional forums focused on women and girls, LGBTQ communities, and people from minority backgrounds. Members of the Youth Council are actively supported to progress into these wider forums as they develop, providing clear leadership pathways and continuity of lived experience across governance structures. These structures are being developed to ensure that all voices within the community are heard, respected, and reflected in the life of the centre.
This approach has already strengthened trust, increased engagement, and embedded a strong sense of shared ownership. Feedback and recommendations from these forums are fed directly into management planning and Trustee discussions, ensuring community voices meaningfully inform decision making at all levels. Participants are not simply service users, but active contributors, leaders, and advocates within the TCYP ecosystem.
Volunteers and Community Contribution
Volunteers play a central role in the delivery, development, and governance of the charity. Throughout 2025, volunteers supported youth work sessions, sports and physical activity, food provision, events, building reactivation, and community engagement. This volunteer led and community rooted approach has been fundamental to rebuilding trust, increasing participation, and embedding long term community ownership of the centre and its programmes.
Model, Ethos, and Impact
TCYP operates an integrated ecosystem of free projects, supported by volunteers, community partners, and lived experience leadership. This model allows individuals to engage at multiple levels, from participation to volunteering, leadership development, and governance involvement.
The success of this approach has been evident throughout 2025. Programmes have consistently been well attended, participant feedback has been strongly positive, and new partnerships have emerged organically as a result of the centre reopening and growing visibility.
By combining free access, participant shaping, and place based delivery, TCYP has begun to rebuild not only a physical building, but a sense of collective identity, pride, and belonging within Toryglen.
Page 3
Toryglen Community Youth Project SCIO
Report of the Trustees for the Year Ended 31 December 2025
FINANCIAL REVIEW
Financial position
The charity generated a surplus of £53,687 for the year ended 31 December 2025 (2024: £29,729).
At 31 December 2025, the charity's total reserves totalled £89,130 (2024: £35,443), with £7,739 of these being unrestricted free reserves (2024: £31,399), £53,072 being designated funds representing the net book value of the charity’s fixed assets (2024: £4,044) and restricted funds of £28,319 (2024: nil).
Reserves policy
It is the policy of the charity to maintain unrestricted, free reserves at a level equivalent to three months running costs. The trustees consider that reserves at this level; will ensure that, in the event of a significant drop in funding, they will be able to continue the organisation's current activities while consideration is given to ways in which additional funds may be raised.
Based on the year ended 31 December 2025, three month's ordinary expenditure amounts to £13,949. At 31 December 2025, the charity held unrestricted reserves of £7,739. The trustees are aware that this policy is not being met and aim to build unrestricted reserves through income generation.
FUTURE PLANS
While 2025 marked a major milestone, it represents the beginning rather than the end of TCYP’s journey. The organisation enters the next phase focused on continued building restoration, sustainability, and the expansion of high quality, inclusive provision.
The Trustees believe that the progress made to date demonstrates the strength of our vision, governance, and community led approach. With continued community involvement and partnership working, the Geoff Shaw Community Centre will continue to grow as a cornerstone of local life for years to come.
In addition, we intend to introduce a separate annual Geoff Shaw Community Centre report, published each year around 20 June, to coincide with the anniversary of taking on the building. This report will provide a detailed overview of building usage, community engagement, partnerships, and the collective impact of all organisations operating within the centre.
The Trustees would like to thank all volunteers, participants, partners, funders, and supporters who have contributed to this pivotal year. Together, we are rebuilding a legacy and creating a future shaped by the community, for the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Toryglen Community Youth Project is a recognised Scottish Charity (SCIO), number SC050646, and is governed by its constitution.
Recruitment and appointment of new trustees
The charity actively seeks trustees with a strong connection to the local area or lived experience aligned to the nature of our work and the communities we support.
Key management remuneration
In the opinion of the trustees there is one member of key management personnel, the Operational Manager who was recruited in 1 November 2025. The total cost to the employer for the salary paid to this post in 2025 was £3,149 (2024: nil).
Risk management
The Trustees have identified the principal risks facing the charity as financial sustainability, the ongoing condition and restoration requirements of the Geoff Shaw Community Centre, and the organisational capacity required to manage rapid growth in activity. These risks are mitigated through diversified funding applications, phased building restoration planning, strong financial oversight, partnership working, and continued investment in volunteer support, governance structures, and staff capacity.
02/03/2026
Approved by order of the board of trustees on ......
~~.~~ 89010000-4063-7A34-E3B5-08DE7873DA70.. .. . .. . . ... ~~.~~ ...... and signed on its behalf by:
==> picture [203 x 52] intentionally omitted <==
Page 4
Independent Examiner's Report to the Trustees of Toryglen Community Youth Project SCIO
I report on the accounts for the year ended 31 December 2025 set out on pages six to sixteen.
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.
==> picture [192 x 64] intentionally omitted <==
Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
02/03/2026
Date: ...... ~~.~~ 89010000-4063-7A34-E3C7-08DE7873DA70... . .... . ... .... . ~~.~~ ......
Page 5
Toryglen Community Youth Project SCIO
Statement of Financial Activities for the Year Ended 31 December 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 4,900 Other trading activities 4 5,015 Other income 5 230 Total 10,145 EXPENDITURE ON Charitable activities 6 Provision of free, inclusive facilities, activities and community support programmes for children, young people and families in Toryglen and the wider Southside of Glasgow 22,248 NET INCOME/(EXPENDITURE) (12,103) Transfers between funds 17 37,471 Net movement in funds 25,368 RECONCILIATION OF FUNDS Total funds brought forward 35,443 TOTAL FUNDS CARRIED FORWARD 60,811 |
Restricted funds £ 99,339 - - 99,339 33,549 65,790 (37,471) 28,319 - 28,319 |
2025 Total funds £ 104,239 5,015 230 109,484 55,797 53,687 - 53,687 35,443 89,130 |
2024 Total funds £ 41,250 - - 41,250 11,521 29,729 - 29,729 5,714 35,443 |
|---|---|---|---|
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 11.
The notes on pages 8 to 16 form part of these financial statements
Page 6
Toryglen Community Youth Project SCIO
Balance Sheet 31 December 2025
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds: General fund Designated Fixed Assets Restricted funds TOTAL FUNDS The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: |
2025 £ 53,072 2,413 35,145 37,558 (1,500) 36,058 89,130 89,130 7,739 53,072 60,811 28,319 89,130 |
|---|---|
==> picture [176 x 44] intentionally omitted <==
The notes on pages 8 to 16 form part of these financial statements
Page 7
Toryglen Community Youth Project SCIO
Notes to the Financial Statements for the Year Ended 31 December 2025
1. GENERAL INFORMATION
Toryglen Community Youth Project SCIO ("the charity") is Scottish Charitable incorporated organisation governed by its constitution dated 21 December 2020. It was registered as a charity in Scotland (registered number SC050646) on 21 December 2020. Its registered address is Geoff Shaw Community Centre, 25 Kerrylamont Avenue, Toryglen, Glasgow, G42 0DN.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
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.
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.
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.
Cash at bank and cash 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.
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.
Page 8
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
2. ACCOUNTING POLICIES - continued
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.
Going Concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
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 | - 20% on cost |
|---|---|
| Fixtures and fittings | - 20% on cost |
| Computer equipment | - 20% on cost |
Taxation
Toryglen Community Youth Project SCIO 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 AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Grants | 104,239 | 41,250 |
Page 9
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
3. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| 2025 £ Glasgow City Council - Arnold Clark Community Fund 400 Asda Foundation 10,899 BBC Children in Need 15,000 Cash for Kids 2,090 Clyde Gateway 500 Corra Foundation 3,000 Cruden Foundation 1,000 Cycling UK 7,626 Hugh Fraser 10,000 Impact Funding Partners 6,000 SPT 18,224 The Robertson Trust 14,000 Weir Charitable Trust 15,500 104,239 4. OTHER TRADING ACTIVITIES 2025 £ Rental Income 5,015 5. OTHER INCOME 2025 £ Employment Allowance 230 6. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 7) note 8) £ £ Provision of free, inclusive facilities, activities and community support programmes for children, young people and families in Toryglen and the wider Southside of Glasgow 51,253 4,544 |
2024 £ 41,250 - - - - - - - - - - - - 41,250 2024 £ - 2024 £ - Totals £ 55,797 |
|
|---|---|---|
Page 10
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Staff costs Insurance Heat and Light Advertising Sundries IT Software Rent Subscriptions Events Professional Fees Building costs, maintenance and repair Resources Payroll Fees Travel expenses Volunteer Expenses Depreciation 8. SUPPORT COSTS Preparation & Independent Examination of Accounts Professional Fees |
2025 £ 2,649 732 11,601 - 1,082 239 750 420 5,311 6,116 10,240 275 40 4,818 5,930 1,050 51,253 2025 £ 1,500 3,044 4,544 |
2024 £ - 89 - 5,101 93 43 799 196 1,432 - - - - - - 984 8,737 2024 £ 2,784 - 2,784 |
|---|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Page 11
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
| 10. STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Operational Manager No employees received emoluments in excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 41,250 EXPENDITURE ON Charitable activities Provision of free, inclusive facilities, activities and community support programmes for children, young people and families in Toryglen and the wider Southside of Glasgow 11,521 NET INCOME 29,729 RECONCILIATION OF FUNDS Total funds brought forward 5,714 TOTAL FUNDS CARRIED FORWARD 35,443 |
2025 £ 2,366 230 53 2,649 2025 1 Restricted funds £ - - - - - |
2024 £ - - - - 2024 - Total funds £ 41,250 11,521 29,729 5,714 35,443 |
2024 £ - - - - 2024 - Total funds £ 41,250 11,521 29,729 5,714 35,443 |
|---|---|---|---|
| 11,521 | |||
| 29,729 5,714 |
|||
| 35,443 |
Page 12
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
12. TANGIBLE FIXED ASSETS
| Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 January 2025 3,287 - 1,964 Additions 2,990 11,621 35,467 At 31 December 2025 6,277 11,621 37,431 DEPRECIATION At 1 January 2025 657 - 550 Charge for year 657 - 393 At 31 December 2025 1,314 - 943 NET BOOK VALUE At 31 December 2025 4,963 11,621 36,488 At 31 December 2024 2,630 - 1,414 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Payroll Account 213 Accrued Income - Prepayments 2,200 2,413 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade creditors - Accrued expenses 1,500 1,500 15. LEASING AGREEMENTS |
Totals £ 5,251 50,078 |
Totals £ 5,251 50,078 |
|---|---|---|
| 55,329 | ||
| 1,207 1,050 |
||
| 2,257 | ||
| 53,072 | ||
| 4,044 | ||
| 2024 £ - 15,000 - |
||
| 15,000 | ||
| 2024 £ 539 - |
||
| 539 | ||
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years In more than five years |
2025 £ 750 3,000 15,000 18,750 |
2024 £ - - - |
|---|---|---|
| - |
Payments relate to the sub-lease of the community centre at £750 per annum for 25 years.
Page 13
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted funds funds £ £ Fixed assets 53,072 - Current assets 9,239 28,319 Current liabilities (1,500) - 60,811 28,319 |
2025 Total funds £ 53,072 37,558 (1,500) 89,130 |
2024 Total funds £ 4,044 31,938 (539) 35,443 |
|---|---|---|
Comparatives for analysis of net assets between funds
| Unrestricted Restricted funds funds £ £ Fixed assets 4,044 - Current assets 31,938 - Current liabilities (539) - 35,443 - 17. MOVEMENT IN FUNDS Net movement At 1/1/25 in funds £ £ Unrestricted funds General fund 31,399 (11,053) Designated Fixed Assets 4,044 (1,050) 35,443 (12,103) Restricted funds Hugh Fraser - 10,000 Asda Fondation - 10,899 SPT - 18,224 Cycling UK - 7,626 Volunteering Support Fund - 6,000 Weir Charitable Trust - 13,041 - 65,790 TOTAL FUNDS 35,443 53,687 |
2024 Total funds £ 4,044 31,938 (539) 35,443 Transfers between funds £ (12,607) 50,078 37,471 (722) (10,899) (18,224) (7,626) - - (37,471) - |
2023 Total funds £ 3,256 2,459 - 5,715 |
|---|---|---|
| At 31/12/25 £ 7,739 53,072 60,811 9,278 - - - 6,000 13,041 28,319 89,130 |
Page 14
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 10,145 | (21,198) | (11,053) | |
| Designated Fixed Assets | - | (1,050) | (1,050) | |
| 10,145 | (22,248) | (12,103) | ||
| Restricted funds | ||||
| The Robertson Trust | 14,000 | (14,000) | - | |
| Hugh Fraser | 10,000 | - | 10,000 | |
| Asda Fondation | 10,899 | - | 10,899 | |
| BBC Children in Need | 15,000 | (15,000) | - | |
| SPT | 18,224 | - | 18,224 | |
| Cycling UK | 7,626 | - | 7,626 | |
| Cash for Kids | 2,090 | (2,090) | - | |
| Volunteering Support Fund | 6,000 | - | 6,000 | |
| Weir Charitable Trust | 15,500 | (2,459) | 13,041 | |
| 99,339 | (33,549) | 65,790 | ||
| TOTAL FUNDS | 109,484 | (55,797) | 53,687 | |
| Comparatives for movement in funds | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1/1/24 | in funds | funds | 31/12/24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 2,458 | 30,713 | (1,772) | 31,399 |
| Designated Fixed Assets | 3,256 | (984) | 1,772 | 4,044 |
| 5,714 | 29,729 | - | 35,443 | |
| TOTAL FUNDS | 5,714 | 29,729 | - | 35,443 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 41,250 | (10,537) | 30,713 |
| Designated Fixed Assets | - | (984) | (984) |
| 41,250 | (11,521) | 29,729 | |
| TOTAL FUNDS | 41,250 | (11,521) | 29,729 |
Page 15
continued...
Toryglen Community Youth Project SCIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
18. RELATED PARTY DISCLOSURES
The charity is managed a family member of Anthony Quayle, Trustee. The operational manager received total remuneration of £3,149 for this role in the 2025 year (2024: nil).
There have been no other related party transactions for the year ended 31 December 2025 (2024:nil).
19. PURPOSE OF UNRESTRICTED FUNDS
General Fund - The unrestricted 'free' reserves of the charity
Designated Fixed Asset Fund - this fund represent the net book value of the charity's tangible fixed assets. Annual depreciation is charged to the fund and additions are transferred to it.
20. PURPOSE OF RESTRICTED FUNDS
Robertson Trust: To help with running costs of the building
Hugh Fraser: Kitchen/canteen full restoration; White goods, furniture, wiring etc
Asda: Kitchen/canteen full restoration; White goods, furniture, wiring etc
BBC Children in Need: Weekly Youth Club costs for Youth Connect
SPT:To supply the basis of core cycling capital infrastructure to expand the shared use scheme and improve active travel access at the centre.
Cycling UK: The launch of the shared use scheme
Cash for kids: ASL/ASN Holiday Hunger Grant for October and Christmas Party
Weir Charitable Trust: Part Time Staffing to support operations
Impact Funding Partners: Volunteer Support Fund Year 1 costs
Page 16