**REGISTERED CHARITY NUMBER: SC051688**
**Report of the Trustees and Financial Statements for the Year Ended 31 March 2025**
**for Courtyard Pantry Enterprise SCIO**
Brett Nicholls Associates Herbert House
24 Herbert Street Glasgow G20 6NB
**Courtyard Pantry Enterprise SCIO**
## **Contents of the Financial Statements for the Year Ended 31 March 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 18|
**Courtyard Pantry Enterprise SCIO**
## **Reference and Administrative Details for the Year Ended 31 March 2025**
## **TRUSTEES PRINCIPAL ADDRESS**
## **REGISTERED CHARITY NUMBER** SC051688
## **INDEPENDENT EXAMINER**
## **BANKERS**
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB Bank of Scotland Teviot House 41 South Gyle Crescent Edinburgh EH12 9DR
Page 2
**Courtyard Pantry Enterprise SCIO**
## **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**
## **Who are we?**
Our purpose is to reduce the impacts of poverty in Glasgow by using food as a vehicle for change.
We accomplish this by providing high-quality food at low cost through our food pantry and by creating secure, well-paid jobs and training opportunities at our food enterprises for those most at risk of long-term unemployment.
Our innovative and sustainable model aims to address the root causes of poverty and help ease the trauma caused by economic inactivity and limited access to quality food for local people and their families in Glasgow.
## **Our Vision**
A future where everyone has access to sufficient resources and affordable, sustainable food that improves their lives; a community where poverty no longer exists.
## **Mission Statement**
We combat the harmful effects of poverty by creating well-paid, secure jobs at our food enterprises, distributing quality food affordably, and reducing waste while minimizing our environmental impact.
## **Values**
The Board of Trustees and Management team have established a set of organizational values that reflect the type of organization we aspire to be, grounded in an inclusive, human rights-based approach.
- Fair Work
- Dignity
- Integrity
- Collaboration
- Sustainable
- Solution Focused
## **What We Do**
We witness the harmful impacts of economic inactivity, lack of opportunity, and poverty in our communities, and we are actively working to change that.
## **Good Food for All**
We alleviate financial hardship by providing quality, affordable food through our Pantry Hub. As a vibrant local hub, our project enhances community connectivity, reduces loneliness and isolation, and serves as a gateway to additional cost-of-living support services.
## **Breaking Down Barriers to Employment**
We create jobs, training, and volunteering opportunities at our social enterprises for individuals from disadvantaged backgrounds and those most at risk of long-term unemployment. We are guided by community wealth-building principles, aimed at creating a more equitable, community-based economy through inclusive economic development.
## **Environmental Sustainability**
Our project contributes to transforming North Glasgow into an accessible, green space by using electric vehicles and tackling food waste.
Page 2
**Courtyard Pantry Enterprise SCIO**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The year 2024/25 has seen The Courtyard Pantry Enterprise SCIO continue providing vital support to the community by addressing food poverty and its underlying causes with dignity and innovation.
Our innovative social enterprise model and expanding impact have earned national recognition, including winning the "One to Watch 2024" award at the Scottish Social Enterprise Awards. We were also finalists at the 2025 Smiley Charity Film Awards and nominated for Social Enterprise of the Year at the UK Social Enterprise Awards.
Our core work - using food as a tool for positive change - has reached new heights. We welcomed more new pantry members, provided thousands of high-quality meals that nourished adults, children, and families - especially those most at risk of food insecurity - and maintained our commitment to fairness and respect for all. Demand remains strong, highlighting ongoing pressures faced by many local families and underscoring the importance of our mission.
Collaboration remains central to our approach. Our founding partnership with Flourish House, ongoing work with Queens Cross Housing Association, the Poverty Alliance, and others has allowed us to expand our services and support, including our popular café, Toshies - a vibrant community asset - and various outreach advice services.
These networks not only strengthen our projects but also help us connect people with additional resources and opportunities to improve their quality of life.
Financially, we remain stable and prudent, thanks to continued support from grant funders, statutory partners, volunteers, and local businesses. Although funding is challenging, we seek sustainable grant funding and ongoing statutory support to ensure our long-term viability.
The trustees and I are incredibly proud of our dedicated team, volunteers, and supporters whose kindness and resilience are the backbone of our success. As we look forward, we remain committed to our core principle: reducing the impact of poverty and enabling all community members to thrive, with food security serving as a foundation for overall well-being.
## **FINANCIAL REVIEW**
## **Financial position**
The charity incurred a net deficit of £34,989 for the year ended 31 March 2025 (2024: deficit of £11,250). The deficit this year is due to utilising restricted funds brought forward that were due to be spent this year. Excluding this timing difference, the charity generated a surplus of unrestricted funds, increasing reserves by £26,982 (2024: decreased by £16,795).
At 31 March 2025, total reserves stood at £57,845 (2024: £92,834), with £24,902 representing the book value of the charity's tangible fixed assets (2024: £39,626), £25,111 unrestricted general funds (2024: -£16,595) and £7,832 restricted funds (2024: £69,803).
## **Reserves policy**
Our current reserves policy is to set aside £25,000 of unrestricted funds, which is the equivalent of one month's running costs. The Board and Managing Director are working on a long-term strategy to increase the value of our reserves position to that of three months running costs.
Based on the accounts for the year ended 31 March 2025, ordinary expenditure for 3 months amounts to £101,956. At 31 March 2025 the charity held unrestricted free reserves of £25,111, therefore the trustees are satisfied that the policy is being met and aim to build unrestricted reserves through income generation to meet the longer term strategy.
Page 3
Courtyard Pantry Enterprlse SCIO
Report of the Trustees
for the Year Ended 31 Marth 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
Coutyard Pantry Enlerprise SCIO was estsblished as a charity on 13 April 2022 and is registere(I with the Office of the
Scottish Regulator Charity No. SC051688. The charity is a Scottish Charitsble Incorporated Organisation ISCIO) and is
govemed by its constitution.
Key managèment remuneratl¢)n
In the opinion of the trustees there is one member of key management. the managing director. The total cost to the employer
for this post was £47.604 for th8 y8ar to 31 March 2025 (2024.. £42,941)
1711012025
Approved by order ofthe toar(l oftrustees on ............................................. and signed on its behalf by:
Page 4
## **Independent Examiner's Report to the Trustees of Courtyard Pantry Enterprise SCIO**
I report on the accounts for the year ended 31 March 2025 set out on pages six to eighteen.
## **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.
Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Date: .............................................
Page 5
**Courtyard Pantry Enterprise SCIO**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
150,634
33,520
Other trading activities
4
184,165
-
Other income
5
3,271
1,729
**Total**
338,070
35,249
**EXPENDITURE ON**
Raising funds
6
57,714
10,218
**Charitable activities**
7
Reduce the harmful effects of poverty
252,890
87,002
Other
10
484
-
**Total**
311,088
97,220
**NET INCOME/(EXPENDITURE)**
26,982
(61,971)
**RECONCILIATION OF FUNDS**
Total funds brought forward
23,031
69,803
**TOTAL FUNDS CARRIED FORWARD**
50,013
7,832|**2025**
**Total**
**funds**
**£**
184,154
184,165
5,000
373,319
67,932
339,892
484
408,308
(34,989)
92,834
57,845|**2024**
**Total**
**funds**
**£**
196,956
157,767
5,000
359,723
68,186
302,787
-
370,973
(11,250)
104,084
92,834|
|---|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
This statement of financial activities includes all gains and losses recognised in the year.
Comparative figures for the previous year by fund type are shown in note 13.
The notes on pages 8 to 18 form part of these financial statements
Page 6
Courtyard Pantry Enterprlse SCIO
Balance Sheet
31 March 2025
2025
2024
Notss
FIXED ASSETS
Tangible assets
14
24.2
39.626
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
40.332
137.749
32.075
123.029
178.081
155,104
CREDITORS
Amounts falling due within one year
16
{58,586)
(12.941)
NET CURREKf ASSETS
119.495
142.163
TOTAL ASSEfs LESS CURRENT LIABILMES
144,397
181.789
CREDITORS
Amounts falling due after more than ore year
17
{86,552}
(88.955)
NET ASSETS
57.845
92.834
FUNDS
Unrestricted funds:
General fund
Fixed Assets
20
25,111
24.9J2
(16,595)
39,626
Restricted funds
7.832
69.803
TOTAL FUNDS
1711012025
The finanual statements were approved by the Board of Trustees arKI authorised for issue on .............................................
and were signed on its behalf by:
The notes on pages 8 to 18 form part of these firncIal ststements
Page 7
**Courtyard Pantry Enterprise SCIO**
**Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1. GENERAL INFORMATION**
Courtyard Pantry Enterprise SCIO was established as a charity on 13 April 2022 and is registered with the Office of the Scottish Regulator Charity No. SC051688. The charity is a Scottish Charitable Incorporated Organisation (SCIO) and is governed by its constitution. Its registered address is 2 Wester Common Drive, Glasgow, G22 5PG.
## **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.
## **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.
## **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.
Page 8
continued...
**Courtyard Pantry Enterprise SCIO**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Pantry assets - 25% on cost Toshie's assets - 25% on cost
All assets costing more than £500 are capitalised and valued at historic cost.
## **Taxation**
Courtyard Pantry Enterprise 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.
## **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.
## **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|**2025**
**£**
84,564
99,590
184,154|**2024**
**£**
12,776
184,180|
|---|---|---|
|||196,956|
Page 9
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **3. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|Queens Cross Housing Association
The Robertson Trust
The Weir Foundation
The Endrick Trust
Allied Vehicles Charitable Trust
Firstport Catalyst
Garfield Weston Foundation
Glasgow City Council
The Robertson Trust Community Vehicle Grant
The National Lottery - Improving Lives
Neighbourly - Lidl Community Fund
Hugh Fraser Foundation
Morrisons Foundation
The Asda Foundation
Other Small Grants
The Greggs Foundation
The Scottish Government|**2025**
**£**
15,000
30,000
-
2,000
5,850
-
25,000
-
-
1,929
-
-
-
1,800
5,220
9,900
2,891
99,590|**2024**
**£**
3,980
33,191
25,000
-
13,000
20,000
10,000
5,000
5,509
50,000
500
8,000
10,000
-
-
-
-|
|---|---|---|
|||184,180|
A grant of £50,000 was received from the National Lottery – Improving Lives fund in March 2025. £48,071 of this has been deferred as it relates to activities which will be carried out in the 2025/26 year.
|**4.**
**OTHER TRADING ACTIVITIES**
Memberships
Sales
Event Income
Employability Programme|**2025**
**£**
19,570
142,955
400
21,240
184,165|**2024**
**£**
17,123
140,644
-
-|
|---|---|---|
|||157,767|
## **5. OTHER INCOME**
|**OTHER INCOME**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Employers allowance|5,000|5,000|
Page 10
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**6.**
**RAISING FUNDS**
**Other trading activities**
**2025**
**£**
Purchases
64,747
Equipment
1,787
Uniforms
1,398
67,932
**7.**
**CHARITABLE ACTIVITIES COSTS**
**Direct**
**Support**
**Costs (see**
**costs (see**
**note 8)**
**note 9)**
**£**
**£**
Reduce the harmful effects of poverty
272,373
67,519
**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2025**
**£**
Staff costs
201,009
Insurance
1,581
Telephone
573
Postage and stationery
851
Bank fees
1,465
IT software and consumables
832
Payroll fee
2,061
Professional fees
1,069
Rent
9,583
Repairs and maintenance
6,048
Travelling and motor expenses
5,283
Utilities
4,926
Advertising & Marketing
315
Community Meal Purchase
4,777
Memberships
8,359
General
2,923
Loan Interest
1,237
Pre-Registration VAT
-
After School Club Purchases
3,916
Employability Programme Purchases
409
Friday Night Takeaway Purchases
916
Depreciation
14,240
272,373||
|---|---|
|||
Page 11
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **9. SUPPORT COSTS**
|Wages
Social security
Pensions
Bookkeeping
Independent examination
**10.**
**OTHER**
Loss on sale of assets
Support costs|**2025**
**£**
57,600
5,438
1,344
2,137
1,000
67,519
**2025**
**£**
484
67,519
68,003|**2024**
**£**
54,900
5,066
1,273
3,015
720
64,974
**2024**
**£**
-
64,974
64,974|
|---|---|---|
## **11. 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**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **12. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Courtyard Enterprises||**2025**
**£**
241,865
18,686
4,840
265,391
**2025**
14||**2024**
**£**
225,569
15,210
5,273
246,052
**2024**
12|
|---|---|---|---|---|
||||||
||||||
No employees received emoluments in excess of £60,000.
Page 12
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
100,967
95,989
Other trading activities
157,767
-
Other income
3,156
1,844
**Total**
261,890
97,833
**EXPENDITURE ON**
Raising funds
57,125
11,061
**Charitable activities**
Reduce the harmful effects of poverty
221,072
81,715
**Total**
278,197
92,776
**NET INCOME/(EXPENDITURE)**
(16,307)
5,057
**Transfers between funds**
(488)
488
**Net movement in funds**
(16,795)
5,545
**RECONCILIATION OF FUNDS**
Total funds brought forward
39,826
64,258
**TOTAL FUNDS CARRIED FORWARD**
23,031
69,803
**14.**
**TANGIBLE FIXED ASSETS**
**Pantry**
**Toshie's**
**assets**
**assets**
**£**
**£**
**COST**
At 1 April 2024
45,111
12,516
Disposals
(800)
-
At 31 March 2025
44,311
12,516
**DEPRECIATION**
At 1 April 2024
13,568
4,433
Charge for year
11,111
3,129
Eliminated on disposal
(316)
-
At 31 March 2025
24,363
7,562
**NET BOOK VALUE**
At 31 March 2025
19,948
4,954
At 31 March 2024
31,543
8,083|**Total**
**funds**
**£**
196,956
157,767
5,000
359,723
68,186
302,787
370,973
(11,250)
-
(11,250)
104,084
92,834
**Totals**
**£**
57,627
(800)
56,827
18,001
14,240
(316)
31,925
24,902
39,626|
|---|---|
Page 13
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Payroll account
Prepayments
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 18)
Trade creditors
VAT
Accrued expenses
Deferred income|**2025**
**£**
12,651
376
27,305
40,332
**2025**
**£**
4,571
1,095
3,849
1,000
48,071
58,586|**2024**
**£**
4,820
926
26,329
32,075
**2024**
**£**
6,660
741
4,515
1,025
-
12,941|
|---|---|---|
Deferred income comprises income received for projects which commenced in 2025/26 and which Courtyard Pantry Enterprise SCIO was not entitled to in the 2024/25 year.
|At 1 April
Deferred in year
Released in year
At 31 March
**17.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other loans (see note 18)
**18.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal|**2025**
**£**
-
48,071
-
48,071
**2025**
**£**
86,552
**2025**
**£**
4,571
4,571
13,712
68,269||**2024**
**£**
-
-
-
-
**2024**
**£**
88,955
**2024**
**£**
6,660
13,320
19,980
55,655|
|---|---|---|---|
|||||
|||||
Page 14
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **19. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
24,902
-
Current assets
122,178
55,903
Current liabilities
(10,515)
(48,071)
Long term liabilities
(86,552)
-
50,013
7,832|**2025**
**Total**
**funds**
**£**
24,902
178,081
(58,586)
(86,552)
57,845|**2024**
**Total**
**funds**
**£**
39,626
155,104
(12,941)
(88,955)
92,834|
|---|---|---|
## **Comparatives for analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
39,626
-
Current assets
85,301
69,803
Current liabilities
(12,941)
-
Long term liabilities
(88,955)
23,031
69,803
**20.**
**MOVEMENT IN FUNDS**
**At 1/4/24**
**£**
**Unrestricted funds**
General fund
(16,595)
Fixed Assets
39,626
23,031
**Restricted funds**
Queens Cross Housing Association
-
Allied Vehicles Charitable Trust
2,970
Glasgow City Council
3,689
The National Lottery - Improving Lives
46,478
Hugh Fraser Foundation
8,000
Morrisons Foundation
8,666
The Greggs Foundation
-
The Endrick Trust
-
69,803
**TOTAL FUNDS**
92,834|**2024**
**Total**
**funds**
**£**
39,626
155,104
(12,941)
(88,955)
92,834
**Net**
**movement**
**in funds**
**£**
41,706
(14,724)
26,982
832
(2,970)
(2,443)
(46,478)
(8,000)
(8,666)
5,349
405
(61,971)
(34,989)|**2023**
**Total**
**funds**
**£**
42,210
161,494
(5,495)
(94,125)
104,084|
|---|---|---|
|||**At**
**31/3/25**
**£**
25,111
24,902
50,013
832
-
1,246
-
-
-
5,349
405
7,832
57,845|
Page 15
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **20. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Fixed Assets
**Restricted funds**
Queens Cross Housing Association
Allied Vehicles Charitable Trust
Glasgow City Council
The National Lottery - Improving Lives
Hugh Fraser Foundation
Morrisons Foundation
The Greggs Foundation
The Endrick Trust
The Asda Foundation
Scottish Government
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
338,070
(296,364)
41,706
-
(14,724)
(14,724)
338,070
(311,088)
26,982
15,000
(14,168)
832
-
(2,970)
(2,970)
-
(2,443)
(2,443)
2,728
(49,206)
(46,478)
930
(8,930)
(8,000)
-
(8,666)
(8,666)
9,900
(4,551)
5,349
2,000
(1,595)
405
1,800
(1,800)
-
2,891
(2,891)
-
35,249
(97,220)
(61,971)
373,319
(408,308)
(34,989)|
|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Fixed Assets
**Restricted funds**
Queens Cross Housing Association
The National Lottery
The Robertson Trust
The Weir Foundation
Allied Vehicles Charitable Trust
Glasgow City Council
The Robertson Trust Community Vehicle
Grant
The National Lottery - Improving Lives
Hugh Fraser Foundation
Morrisons Foundation
**TOTAL FUNDS**|**Net**
**movement**
**At 1/4/23**
**in funds**
**£**
**£**
(2,384)
(3,214)
42,210
(13,093)
39,826
(16,307)
5,000
-
34,404
(34,404)
12,103
(22,905)
12,751
(12,946)
-
2,970
-
3,689
-
5,509
-
46,478
-
8,000
-
8,666
64,258
5,057
104,084
(11,250)|**Transfers**
**between**
**funds**
**£**
(10,997)
10,509
(488)
(5,000)
-
10,802
195
-
-
(5,509)
-
-
-
488
-|**At**
**31/3/24**
**£**
(16,595)
39,626
23,031
-
-
-
-
2,970
3,689
-
46,478
8,000
8,666
69,803
92,834|
|---|---|---|---|
Page 16
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **20. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Fixed Assets
**Restricted funds**
Queens Cross Housing Association
The National Lottery
The Robertson Trust
The Weir Foundation
Allied Vehicles Charitable Trust
Glasgow City Council
The Robertson Trust Community Vehicle
Grant
The National Lottery - Improving Lives
Neighbourly - Lidl Community Fund
Hugh Fraser Foundation
Morrisons Foundation
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
261,890
(265,104)
(3,214)
-
(13,093)
(13,093)
261,890
(278,197)
(16,307)
3,980
(3,980)
-
394
(34,798)
(34,404)
1,169
(24,074)
(22,905)
281
(13,227)
(12,946)
13,000
(10,030)
2,970
5,000
(1,311)
3,689
5,509
-
5,509
50,000
(3,522)
46,478
500
(500)
-
8,000
-
8,000
10,000
(1,334)
8,666
97,833
(92,776)
5,057
359,723
(370,973)
(11,250)|
|---|---|
## **21. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## **22. PURPOSE OF FUNDS**
General - the unrestricted, free reserves of the charity.
Designated - Fixed Assets - Represents the net book value of the charity's tangible fixed assets. Depreciation is charged to the fund, and additions are transferred to it.
Allied Vehicles Charitable Trust - Funding to support the provision of food for children in the local community.
Glasgow City Council - Funding to provide food for free to referrals from Glasgow City Council to the Pantry Hub.
Hugh Fraser Foundation - Funding to support the provision of free community meals for the local community.
Morrisons Foundation - Funding to support the provision of free community meals for the local community.
Neighbourly - Lidl Community Fund - Funding to purchase additional food/household items to support the operation of the Pantry Hub.
Scottish Government - Funding for a paid work placement.
The Asda Foundation - Funding to support the provision of food via the Pantry hub.
The Endrick Trust - Funding to support the provision of free community meals for the local community.
The Greggs Foundation - Funding to support the provision of the After School Club.
Page 17
continued...
**Courtyard Pantry Enterprise SCIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **22. PURPOSE OF FUNDS - continued**
The National Lottery (Improving Lives) - Funding to support the operation of the Pantry Hub.
The Robertson Trust - Funding for the managing director's salary.
The Robertson Trust Community Vehicle Grant - Match funding to support the purchase of an electric cargo quadricycle.
The Weir Foundation - Funding for pantry running costs and coordinator salary.
Queens Cross Housing Association - Funding to support the provision of free community meals for the local community.
Page 18