**REGISTERED CHARITY NUMBER: SC052417**
## **Report of the Trustees and**
## **Financial Statements for the Year Ended 31 March 2025**
## **for**
**The Alasdair Gray Archive**
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
**The Alasdair Gray Archive**
## **Contents of the Financial Statements for the Year Ended 31 March 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 to 17|
**The Alasdair Gray Archive**
## **Reference and Administrative Details for the Year Ended 31 March 2025**
## **TRUSTEES**
## **PRINCIPAL ADDRESS**
## **REGISTERED CHARITY NUMBER**
## **INDEPENDENT EXAMINER**
## **BANKERS**
The Whisky Bond 2 Dawson Road Glasgow G4 9SS
SC052417 Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
The Co-operative Bank 1 Balloon Street Manchester M4 4BE
Page 1
**The Alasdair Gray Archive**
## **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 Our Charitable Objectives:**
(i) The promotion, preservation, and education of the public of the collection of works by Alasdair Gray and more generally by (amongst other things):-
- Commissioning, publishing, distributing and archiving research, literature, paintings and other materials;
- Acquiring, creating and preserving works of art, including paintings, photographs, literature and other works, including sourcing suitable locations for storing and/or displaying such items;
- Restoring and maintaining items of historical significance; and
- Organising, managing, promoting and sponsoring various functions and events, including exhibitions, seminars, lectures and tours.
- (ii) To promote similar charitable purposes, objects or institutions in such proportions and manner as the Trustees think fit.
The Alasdair Gray Archive is a free, public resource which was established in March 2020 after Alasdair Gray's death in late 2019. We are a Scottish Charitable Incorporated Organisation (SCIO) with the registration number SC052417 and fundraise to deliver our program of activities. Our delivery and strategic planning is delivered by Sorcha Dallas, our Custodian, in collaboration with our Board, we also seek support from others including our Critical Friends.
## **The Alasdair Gray Archive aims to:**
- Promote, protect and advance visual and literary arts for the public benefit with particular emphasis (although not exclusively) on works created by Alasdair Gray.
- Advance the knowledge of the life and work of Alasdair Gray through exhibitions, commissions, research and publications.
- Foster, promote and develop education opportunities in relation to the work of Alasdair Gray.
- Create an archive of key works to serve as a source of information about the life and work of Alasdair Gray and to provide public access to this collection.
- Support and inspire others through the provision of tiered series of awards, residencies, student placements and commissions.
Page 2
The Alasdair Gray Archive
Report of the Trustees
forthe Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Educational achievements:
- We hosted over 3.500 visitors to the aro*ive tours and events from group visils with partners. to ontr1ne visits and tours.
The archive is a free space and is open to all.
- We also, started our free weeY tours of the collection with our Custodian. Sorcha Dallas.
- Delivered monthly Wednesday Wanders tours with The GSgOW School of Art Archives. Glasgow Sculpture Studlos and
The Whisky Bond.
- Secured 'Find A Solution, paid intemship for a graphic design summer post through the Universty of Glasgow.
- Secured Career Ready funded summer placement for a 5th year. from Clevedon Secondary Scho
Public events:
- Chaired Weird Thinking in Pcor Things. event at The Untversty of Glasgow
- Participated in 'Extraordinary Creatives, podcast ts)sted by Cerl HaTh
- Delivered a talk on Alasdair Gray's murals in Abbot House for Outwth Festlval. Dunfemllne
- Welcomed over 200 people for Doors Open Day 2024
- Participated in 'Artist House Study Day, at Hosptialfield. AJbroalh
Celebrated Gray Day at Oran Mor. hosted by Nicola Meighan wlh Sara Sheridan. Ashley StorTie. Christopher Mcarthur
Boyd and Aan Bissett
- Delivered a talk on 'Cowcaddens Streetscape in the ffiies. at Kelvingrove Art Gallery and Museum
- Curated The Aasdair Gray Experience, at The Grosvenor and Oran Mor
- Particlpated 'Poor Thlngs. panel and dlscusslon at The Glasg)w Fllm Theatre
- Spoke at a'Poor Things, Q&A at The Pyramid. ArKlerston
Creative Commissions:
- Denise Mina wlth Creatlve Wrlting at The Unlversity of Strathdyde
- Three new commissions wlth Gutter Magazine
- launched The Amchair Monologues., a new animation by Ben Woodcok from Communication DeswJn at The Glasgow
School of Art (using words from our previous commisson Michael Pederson)
- Research Commission th The Eiknn Morgan Trust
- Research Commission with SGSAH'S Global Connects in partnership s+th Creatple Wribng at The Universty of Strathctyde
- Curatorial Commission for an earty stage curator. supported by Creative Scoland
- Secured three Creative Commtssions in parlnership wtth Glasgow Intemational Comedy Festival. support by Glasgow 850
FestNal Fund
Organisational Development:
- Completed installats'on of our new space vrith Grays library. The Agnes (Trn5 Archive and skKV
- Secured a grant from the Open Fund for Organisations from Creative Scottand
- Updated our Organisational Strategy
Hosted our flrst AGM
New Merchandlse:
- Produce our new'self-portrait at 16. limited edition t-shirt
- Launched our new in house arKI online sl
Page 3
**The Alasdair Gray Archive**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **FINANCIAL REVIEW**
## **Financial position**
The charity generated a net surplus of £43,962 for the year ended 31 March 2025 (Deficit of £10,348 for the period ended 31 March 2024)
At 31 March 2025, total reserves stood at £33,614, (2024: -£10,348) with £7,593 of these being unrestricted general funds (2024: -£3,505), £6,896 being designated funds (2024: £6,896) and £19,125 being restricted funds (2024: -£13,739).
## **Reserves policy**
OSCR defines reserves as unrestricted funds less any funds that are already committed to future activities. As a new charity continuing to grow, any reserves that are held are currently committed to help build resilience within the organisation.
In the medium term we will continue to use any uncommitted funding to secure our leadership team and mitigate risks around key person dependencies.
The long term strategy of The Alasdair Gray Archive will be to hold the equivalent of three months operating costs (including staff costs) as unrestricted reserves. This will ensure that the charity continues to be financially sustainable. Based on the year ended 31 March 2025, this equates to £19,005
At 31 March 2025, unrestricted reserves stood at £7,593. The trustees are aware that this policy is not currently being met and are working towards building the unrestricted reserves of the charity.
## **Donated Services**
The biggest service donated is stewardship and custodian services from Sorcha Dallas. This is in the form of work carried out in kind and direct payment of costs too. The short/medium term strategy is to ensure that this role is able to be fully paid.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Alasdair Gray Archive was established as a charity on 20 March 2023 and is registered with the Office of the Scottish Regulator Charity No SC052417. The charity is a Scottish Charitable Incorporated Organisation (SCIO) and is governed by its constitution.
## **Charity constitution**
The Alasdair Gray Archive has a Constitution, which was written in 2022 and came into effect upon the adoption of charitable status in 2023. Our constitution covers information about our office bearers, the powers of trustees, how we conduct meetings, accounting and conflicts of interest.
## **Recruitment and appointment of new trustees**
We have seven trustees - four female and three male. We recognise the need for a diverse Board with the right mix of skills and experience and aim for any future trustee recruitment to continue to reflect this.
Page 4
The Alasdair Gray Archive
Report of the Trustees
forthe Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMEpir
Key management remuneration
In the opinion of the trustees there was crte member of key management. Ihe Custodian of the charrty. In Ihe 2024-25 period
the total cost to the charity for this role was £42.384 {DurirvJ the 2023-24 pernd the totsl costs for this role was £75.165.
which included the costs associated with Ihe post in the 3 years and 2 months pmr to incorporation).
L811212025
Approved by orderofthe board of trusteeson............................................ and slgned on Its behalfby:
Page S
Indopendent Examinofs Report to the Trusteos of
The Alasdair Gray Archive
I report on the accounts for the year ended 31 March 2025 set out on pages seven to seventeen.
Respectlve responslbilities of trustees and examiner
The charitys trustees are responsible for the preparation of the accounts in accordance with the temis 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 1011 }la) to {c) of the Accounts Regulations does not apply. It is my
responsibilty to examine the accounts as required under Section 4411)Ic} of the Act and to state whether particular matters
have come to my attention.
Basls of the Independent examlnefs report
My examination was carried in accordance with Regulation 11 of the Charities Accounts {Scotland) Regulations 2006. An
examination includes a review of the accountiTrJ records kept by the chanty and a comparison of the accounts presented wth
those records. It also includes consideration of any unusual itew6 or disclosures in the accounts. and seeking explanations
from you as trustees conmIng any such matters. The procedures undertaken do not provide all the eviden that would be
required in an audit. and consequenly I do not express an audit opinion on the view given by the aCCCn.
Independent examlnefs statement
In c¢)nnection with my examination. no matter has come to my attention .
{1) which gives me reasonale cause to believe that. in any material respect. ttle requIrents
to keep accounting records in accordan with Section 44{1)(a) of the 2005 Ad and Regulation 4 of 2006 Accounts
Regulations: and
to prepare accounts whlch accord wlth the accountlng records and to compty Regulatlon 8 of the 2006 Accounts
Regulations
have not been met., or
12) to which. in my opinion. attention should be drawn in order to enab a proper understarKling of the accounts to be
ssociation of Chartered Cerfified Accountants
Brett Nicholls Associates
Herbert House
24 Hert)ert street
Glasgow
G20 6NB
18/12/2025
Page 6
**The Alasdair Gray Archive**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|**Year Ended**
**Unrestricted**
**Restricted**
**31/3/25**
**Total**
**INCOME AND ENDOWMENTS FROM**
**Notes**
**funds**
**£**
**funds**
**£**
**funds**
**£**
Donations and legacies
2
42,384
64,845
107,229
**Charitable activities**
The promotion, preservation, and education of the
4
5,480
-
5,480
public collection of works by Alasdair Gray
Other trading activities
3
7,073
-
7,073
Other income
5
198
-
198
**Total**
55,135
64,845
119,980
**EXPENDITURE ON**
Raising funds
6
3,573
-
3,573
**Charitable activities**
The promotion, preservation, and education of the
7
40,464
31,981
72,445
public collection of works by Alasdair Gray
**Total**
44,037
31,981
76,018
**NET INCOME/(EXPENDITURE)**
11,098
32,864
43,962
**RECONCILIATION OF FUNDS**
Total funds brought forward
3,391
(13,739)
(10,348)
**TOTAL FUNDS CARRIED FORWARD**
14,489
19,125
33,614|**Period**
**20/3/23**
**to**
**31/3/24**
**Total**
**funds**
**£**
158,685
37,289
23,867
2,248
222,089
5,214
227,223
232,437
(10,348)
-
(10,348)|
|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
This statement of financial activates includes all gains and losses recognised in the year.
Comparative figures for the previous year by fund type are shown in Note 12.
The notes on pages 9-17 form part of these financial statements
Page 7
The Alasdair Gray Archive
Balance Sheet
31 March 2025
2024
Notes
FIXED ASSErs
Tangible assets
13
6.896
6.896
CURRENT ASSErs
Debtors
Cash at
14
6,370
2.315
35,340
5,027
CREDITORS
Amounts falling due within one year
15
{8.622)
(22.271)
NEf CURREKf ASSEfsi(UABILmES)
TOTAL ASSEfs LESS CURRENT UABILMES
33,614
(10.348)
NET ASSEfsi(LIABILmES)
FUNDS
Unrestricted funds..
General fund
Designated Fixed Asset fvnd
17
7.593
13.5051
Restricted fund5
13 7391
TOTAL FUNDS
The flnanclal statements were approved by Ihe Board of Trustees and authori for Issue on ........
and were signed on its behalf by=
17112/2025
The notes on pages 17 fomi part of these finanoal sktenEnts
Page 8
**The Alasdair Gray Archive**
**Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **General information**
The Alasdair Gray Archive ("the charity") is a Scottish Charitable Incorporated Organisation governed by its constitution. It was registered as a charity in Scotland (registered number SC052417) on 20 March 2023. Its registered address is The Alasdair Gray Archive, The Whisky Bond, 2 Dawson Road, G4 9SS.
## **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, with the exception of investments which are included at market value.
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.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Page 9
continued...
**The Alasdair Gray Archive**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES - continued**
## **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.
## **Tangible fixed assets**
All assets costing more than £500 are capitalised and valued at historic cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Archive Collection - No depreciation charged as an annual revaluation of the assets is carried out.
## **Taxation**
The Alasdair Gray Archive 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.
## **2. DONATIONS AND LEGACIES**
|**Year Ended**
**31/3/25**
**£**
Donations
-
Grants
64,845
In Kind support
42,384
107,229|**Period**
**20/3/23**
**to**
**31/3/24**
**£**
1,082
143,475
14,128|
|---|---|
||158,685|
Page 10
continued...
**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|**Year Ended**
**31/3/25**
**£**
Scottish Government
-
Creative Scotland
62,925
University of Edinburgh
-
Glasgow Life
-
Other Small Grants
-
University of Glasgow
1,920
64,845
**3.**
**OTHER TRADING ACTIVITIES**
**Year Ended**
Sales
**31/3/25**
**£**
7,073
Hosting income
-
7,073
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
**Year Ended**
Speakers
**31/3/25**
**£**
3,980
Commission
1,500
Event income
-
5,480|**Period**
**20/3/23**
**to**
**31/3/24**
**£**
36,400
81,250
19,850
2,500
3,475
-|**Period**
**20/3/23**
**to**
**31/3/24**
**£**
36,400
81,250
19,850
2,500
3,475
-|
|---|---|---|
||143,475||
||
**Period**
**20/3/23**
**to**
**31/3/24**
**£**
22,870
997
23,867
**Period**
**20/3/23**
**to**
**31/3/24**
**£**
1,372
34,600
1,317
37,289||
|||
37,289|
Page 11
continued...
**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **5. OTHER INCOME**
|**OTHER INCOME**|||
|---|---|---|
|||**Period**|
|||**20/3/23**|
||**Year Ended**|**to**|
||**31/3/25**|**31/3/24**|
||**£**|**£**|
|Employment allowance|198|1,962|
|Bank interest received|-|286|
||198|2,248|
|**6.**|**RAISING FUNDS**|||||
|---|---|---|---|---|---|
||**Other trading activities**|||||
||||||**Period**|
||||||**20/3/23**|
||||**Year Ended**||**to**|
||||**31/3/25**||**31/3/24**|
||||**£**||**£**|
||Purchases of stock||3,573||5,214|
|**7.**|**CHARITABLE ACTIVITIES COSTS**|||||
|||**Direct**|**Support**|||
|||**Costs (see**|**costs (see**|||
|||**note 8)**|**note 9)**||**Totals**|
|||**£**|**£**||**£**|
||Promotion, preservation and Education|49,793|22,652||72,445|
|**8.**|**DIRECT COSTS OF CHARITABLE ACTIVITIES**|||||
||||||**Period**|
||||||**20/3/23**|
||||**Year Ended**||**to**|
||||**31/3/25**||**31/3/24**|
||||**£**||**£**|
||Staff costs||43,710||43,912|
||Commission paid||2,150||5,130|
||Consultancy fees|||-|2,540|
||Design fee||1,060||8,631|
||Event costs|||64|3,322|
||Filming & recording costs|||-|4,238|
||Framing|||435|1,448|
||General expenses|||588|1,815|
||Hire costs|||-|200|
||Photography|||690|5,007|
||Postage|||66|4|
||Recruitment costs|||-|180|
||Repairs & maintenance|||402|14,681|
||Sessional fees|||-|1,520|
||Speaker fees paid|||-|520|
||Storage|||-|567|
||Training|||218|1,841|
||Travel expenses|||-|20|
||Workshops & materials|||410|2,485|
||||49,793||98,061|
Page 12
continued...
**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **9. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
|**Year Ended**
Rent and Rates
**31/3/25**
**£**
7,558
Insurance
2,349
Management Fee
-
Security Costs
390
Subscriptions
468
Office equipment & supplies
611
IT & website costs
535
Wages
7,399
Social security
770
Pensions
307
Preparation and Independent Examination of Accounts
1,110
Payroll fees
219
Other Accountancy Fees
936
22,652
|**Period**
**20/3/23**
**to**
**31/3/24**
**£**
49,588
9,381
45,000
-
204
4,988
12,388
5,332
547
154
1,020
560
-|
||129,162|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.
## **11. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
|||**Period**|
|||**20/3/23**|
||**Year Ended**|**to**|
||**31/3/25**|**31/3/24**|
||**£**|**£**|
|Wages and salaries|46,551|45,689|
|Social security costs|4,050|3,246|
|Other pension costs|1,585|1,010|
||52,186|49,945|
Page 13
continued...
**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **11. STAFF COSTS - continued**
The average monthly number of employees during the year was as follows:
||||||**Period**||
|---|---|---|---|---|---|---|
||||||**20/3/23**||
||||**Year Ended**||**to**||
||||**31/3/25**||**31/3/24**||
||Project staff||1||2||
||No employees received emoluments in excess of £60,000.||||||
|**12.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**|||||
|||**Unrestricted**|**Restricted**||**Total**||
|||**funds**|**funds**||**funds**||
|||**£**|**£**||**£**||
||**INCOME AND ENDOWMENTS FROM**||||||
||Donations and legacies|18,685|140,000||158,685||
||**Charitable activities**||||||
||Promotion, preservation and Education|37,289||-|37,289||
||Other trading activities|23,867||-|23,867||
||Other income|2,248||-|2,248||
||**Total**|82,089|140,000||222,089||
||**EXPENDITURE ON**||||||
||Raising funds|5,214||-|5,214||
||**Charitable activities**||||||
||Promotion, preservation and Education|71,662|155,561||227,223||
||**Total**|76,876|155,561||232,437||
||**NET INCOME/(EXPENDITURE)**|5,213|(15,561)||(10,348)||
||**Transfers between funds**|(1,822)|1,822|||-|
||**Net movement in funds**|3,391|(13,739)||(10,348)||
||**TOTAL FUNDS CARRIED FORWARD**|3,391|(13,739)||(10,348)||
|**13.**|**TANGIBLE FIXED ASSETS**||||||
||||||**Archive**||
||||||**collection**||
||||||**£**||
||**COST**||||||
||At 1 April 2024 and 31 March 2025||||6,896||
||**NET BOOK VALUE**||||||
||At 31 March 2025||||6,896||
||At 31 March 2024||||6,896||
Page 14
continued...
**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|---|---|---|---|---|---|---|
||||||**2025**|**2024**|
||||||**£**|**£**|
||Trade debtors||||4,480|-|
||STF payroll account||||1,890|1,749|
||Accrued income||||-|566|
||||||6,370|2,315|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN**|**ONE YEAR**|||||
||||||**2025**|**2024**|
||||||**£**|**£**|
||Trade creditors||||-|13,739|
||Other creditors||||6,363|6,363|
||Accrued expenses||||2,259|2,169|
||||||8,622|22,271|
|**16.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**||||||
||||||**2025**|**2024**|
|||**Unrestricted**|**Restricted**||**Total**|**Total**|
|||**funds**|**funds**||**funds**|**funds**|
|||**£**|**£**||**£**|**£**|
||Fixed assets|6,896||-|6,896|6,896|
||Current assets|16,215|19,125||35,340|5,027|
||Current liabilities|(8,622)||-|(8,622)|(22,271)|
|||14,489|19,125||33,614|(10,348)|
## **Comparatives for analysis of net assets between funds**
||||**2024**|
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**funds**|**funds**|**funds**|
||**£**|**£**|**£**|
|Fixed Assets|6,896|-|6,896|
|Current assets|5,027|-|5,027|
|Current liabilities|(8,532)|(13,739)|(22,271)|
||3,391|(13,739)|(10,348)|
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**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **17. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||**Net**||
|||**movement**|**At**|
||**At 1/4/24**|**in funds**|**31/3/25**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|(3,505)|11,098|7,593|
|Designated Fixed Asset fund|6,896|-|6,896|
||3,391|11,098|14,489|
|**Restricted funds**||||
|Creative Scotland|(13,739)|32,864|19,125|
|**TOTAL FUNDS**|(10,348)|43,962|33,614|
|Net movement in funds, included in the above are as follows:||||
||**Incoming**|**Resources**|**Movement**|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|55,135|(44,037)|11,098|
|**Restricted funds**||||
|Creative Scotland|62,925|(30,061)|32,864|
|Find A Solution Programme|1,920|(1,920)|-|
||64,845|(31,981)|32,864|
|**TOTAL FUNDS**|119,980|(76,018)|43,962|
|**Comparatives for movement in funds**||||
||**Net**|**Transfers**||
||**movement**|**between**|**At**|
||**in funds**|**funds**|**31/3/24**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|5,213|(8,718)|(3,505)|
|Designated Fixed Asset fund|-|6,896|6,896|
||5,213|(1,822)|3,391|
|**Restricted funds**||||
|Creative Scotland|(13,739)|-|(13,739)|
|Scottish Government|(1,822)|1,822|-|
||(15,561)|1,822|(13,739)|
|**TOTAL FUNDS**|(10,348)|-|(10,348)|
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**The Alasdair Gray Archive**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|82,089|(76,876)|5,213|
|**Restricted funds**||||
|Creative Scotland|81,250|(94,989)|(13,739)|
|Scottish Government|36,400|(38,222)|(1,822)|
|University of Edinburgh|19,850|(19,850)|-|
|Glasgow Life|2,500|(2,500)|-|
||140,000|(155,561 )|(15,561)|
|**TOTAL FUNDS**|222,089|(232,437 )|(10,348)|
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions during the year ended 31 March 2025.
In the prior year, one trustee, A Bell made purchases totalling £2,078.
## **19. PURPOSE OF UNRESTRICTED FUNDS**
General - The unrestricted 'free reserves' of the charity.
Designated Fixed Asset - The net book value of the charity's tangible fixed assets.
## **20. PURPOSE OF RESTRICTED FUNDS**
Creative Scotland - Funding towards Organisational development including development of our Organisational Strategy, website and governance structure.
Glasgow Life - Funding for school workshops, resources and educational development support.
Scottish Government - Funding for immediate costs to safely remove Gray’s items from his former home and to cover rental and insurance at The Whisky Bond for two years.
University of Edinburgh - Funding for three part time internships for 6-9 month contracts funded through the Graduate Scheme for Arts and Humanities based at The University of Edinburgh.
Find A Solution Programme - Funding from the University of Glasgow to facilitate the salary of an intern.
Page 17