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← GSC Auldhouse Limited

2025-06-30-accounts

REGISTERED COMPANY NUMBER: SC784625 (Scotland) REGISTERED CHARITY NUMBER: 053323

Report of the Trustees and

Financial Statements for the Period

1 November 2024 to 30 June 2025

for

GSC Auldhouse Limited

O'Haras Accountants Limited (Statutory Auditor) Radleigh House 1 Golf Road Clarkston Glasgow G76 7HU

GSC Auldhouse Limited

Contents of the Financial Statements

for the Period 1 November 2024 to 30 June 2025

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 18

GSC Auldhouse Limited

Report of the Trustees

for the Period 1 November 2024 to 30 June 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 November 2024 to 30 June 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).

The financial statements comply with the Charities and Trustees Investments (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objective of the charity is the provision of recreational facilities for the advancement of community development and public participation in sport.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity GSC Auldhouse was formed with a clear vision and mission:

To deliver this work, developing the facility to a level where it is capable of becoming a community asset was the primary focus of the charity's output this year. This work fell into two key facets:

1. Facility development

The construction of two 4G pitches at GSC Auldhouse was at the heart of the charity's strategic direction and mission.

The local area is critically short of sporting facilities which are accessible and resilient against Scotland's climate. By engaging with the social investment community we delivered a funding package of £1.7 million to deliver the build of these pitches. This faith from our funding partners was grounded in a belief in our vision that people and all our neighbours in Eastwood, Manswood and all across Glasgow South, regardless of age or background would benefit from a community facility powered by sport and with a reach extending way beyond football.

The Trustees are pleased to report that despite some delays, primarily weather related, the two 4G pitches were completed in May 2025 and handed over to be managed by the charity. We were able to host the GSC Festival across two weekends in May and June, with the events a great success and useful test events to help us learn how best to use the facility and manage the flow of people and traffic to the site.

2. Establishing a community presence

GSC Auldhouse was established to serve the local people and unlock the potential of a facility that had been unavailable to the community for generations. We have continued to build on the work of previous years developing our connections with local people and organisations as we prepare to create a community programme to address the needs of the local area. During the year, a General Manager was recruited to lead this work and post year end, a number of programmes and initiatives have been undertaken including the Holiday Hope Camp, Friday Night Football, Walking Football and Girl Empowerment programmes.

GSC Auldhouse Limited

Report of the Trustees

for the Period 1 November 2024 to 30 June 2025

FINANCIAL REVIEW

Principal funding sources

The primary source of revenue was grants received from two of our principal funders (Foundation Scotland and the Scottish Football Association) towards the completion of the pitches. Revenue also included £19,750 of grants received in June towards our first community engagement project, the Holiday Hope Camp which ran through the school summer holidays in July and August and again during the October break.

Costs of £124,764 were incurred relating to the salaries of the new staff recruited, namely the General Manager, Groundsman and Caretaker, while we incurred costs such as rent, water rates, power and maintenance as we started to move away from the build and into the operational phase of the site. Interest costs on the long term loans used to fund the development at £32,847 were also significant and contributed to the overall loss of £22,145.

The loans from Foundation Scotland and Social Investment Scotland are repayable over 9 & 10 years respectively, with the first repayments due in August 2025. Additional funding of £218,000 was received from Giffnock Soccer Centre in the form of an interest free loan of £50,000 repayable in 10 years time and a lease deposit of £168,000.

Investment policy and objectives

Under the Memorandum and Articles of Association, the charitable company has the power to invest in any way the trustees wish. The trustees, having regard to the liquidity requirements of running the projects, have operated a policy of retaining funds in low risk investments, such as interest bearing bank accounts.

Reserves policy

The majority of the charity's funds are deemed to be restricted and represent the investment net of funding received to create the facility at Auldhouse. Going forward it is the trustees intention to build up the level of unrestricted funds through the renting out of the facility for grassroots football as well as generating income from commercial activities. These income streams, along with grant funding, will enable a range of social and community outreach programmes to be delivered. The relatively low level of unrestricted funds reflects that the site is not yet operational and is yet to generate any trading income.

The total level of unrestricted reserves at 30 June 2025 was £95,605 (deficit). Total restricted funds at 30 June 2025 was £747,937.

Going concern

GSC Auldhouse will provide a first class football facility for the benefit of the local community and have a long term tenant in place (Giffnock Soccer Centre) who will provide the bulk of rental income. Cashflow projections for the next 12 months and beyond have been prepared which lead the trustees to conclude that they have no concerns regarding the future of the charity.

FUTURE PLANS

With the work to finish the two new astro pitches complete, focus turns to the operational management of the facility to ensure the maximum benefit is realised. Revenue is being generated from the hire of the facility by the principal tenant (Giffnock Soccer Centre) while hire revenues are also being generated from other organisations such as local clubs and schools, as well as from members of the public through a pitch booking system. In addition, contracts have been agreed with a range of local businesses which will see advertising banners for these businesses erected around the new pitches, with the potential to generate additional revenues as more banners are installed. The on-site Café is another good source of income, particularly on match days at weekends.

We have ambitions to develop our social and community programmes through English as a second language classes, the Holiday Hope Camp, Friday Night Football, Walking Football and Girl Empowerment programmes which see us partnering with other local community groups.

Our team also continues to grow with the appointment of an Accountant on a part-time basis, a second caretaker which enables the facility to open longer and a commercial manager to drive more advertising and sponsorship revenues. It is likely that other job opportunities will be created as the year progresses.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

GSC Auldhouse Limited

Report of the Trustees

for the Period 1 November 2024 to 30 June 2025

The charity is controlled by its Memorandum and Articles of Association. The trustees are responsible for the overall governance of the company.

Trustees

In accordance with the charitable company's Memorandum and Articles of Association, the board of trustees must have at least three members, trustees are selected to bring the varied range of skills and experience necessary to provide governance to key management personnel.

Organisational structure

The board of trustees has overall responsibility for the strategic direction and administration of the charitable company.Trustees meet regularly to discuss various topics including the finances of the charity.

Induction and training of new trustees

New trustees are briefed on their legal obligations under charity and company law, the Scottish Charity Regulator's guidance on trustee duties, and informed of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the briefing they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Related parties

GSC Auldhouse Limited has a sister charity called Giffnock Soccer Centre.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

SC784625 (Scotland)

Registered Charity number

053323

Registered office

180 Thornliebank Road Thornliebank Glasgow G46 7RQ

Trustees

G Boyle J Docherty T Noble F Reid N Mackay (appointed 31.1.25)

Auditors

O'Haras Accountants Limited (Statutory Auditor) Radleigh House 1 Golf Road Clarkston Glasgow G76 7HU

Bankers

Bank of Scotland PO Box 17235 Edinburgh EH11 1YH

GSC Auldhouse Limited

Report of the Trustees

for the Period 1 November 2024 to 30 June 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of GSC Auldhouse Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, O'Haras Accountants Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

31 March 2026

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ F Reid - Trustee

Report of the Independent Auditors to the Trustees and Members of GSC Auldhouse Limited

Opinion

We have audited the financial statements of GSC Auldhouse Limited (the 'charitable company') for the period ended 30 June 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Report of the Independent Auditors to the Trustees and Members of GSC Auldhouse Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006; the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities and Trustees Investment (Scotland) Act 2005 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Trustees and Members of GSC Auldhouse Limited

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John O'Hara (Senior Statutory Auditor) for and on behalf of O'Haras Accountants Limited (Statutory Auditor) Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Radleigh House 1 Golf Road Clarkston Glasgow G76 7HU

31 March 2026 Date: .............................................

GSC Auldhouse Limited

Statement of Financial Activities

for the Period 1 November 2024 to 30 June 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Charitable activities
Provision of recreational facilities
1,170
Other trading activities
2
878
Total
2,048
EXPENDITURE ON
Charitable activities
Provision of recreational facilities
87,837
NET INCOME/(EXPENDITURE)
(85,789)
RECONCILIATION OF FUNDS
Total funds brought forward
(9,816)
TOTAL FUNDS CARRIED FORWARD
(95,605)		 Restricted
fund
£
100,571
-
-
100,571
36,927
63,644
684,293
747,937		 Period
Period
1.11.24
2.10.23
to
to
30.6.25
31.10.24
Total
Total
funds
funds
£
£
100,571
710,000
1,170
-
878
-
102,619
710,000
124,764
35,523
(22,145)
674,477
674,477
-
652,332
674,477

GSC Auldhouse Limited

Statement of Financial Position

30 June 2025

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
10
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
36,230
24,791
-
24,791
(30,729)
(5,938)
30,292
(125,897)
(95,605)		 Restricted
fund
£
1,720,698
3,620
88,390
92,010
(54,297)
37,713
1,758,411
(1,010,474)
747,937		 2025
Total
funds
£
1,756,928
28,411
88,390
116,801
(85,026)
31,775
1,788,703
(1,136,371 )
652,332
(95,605)
747,937
652,332		 2024
Total
funds
£
1,481,164
8,993
165,986
174,979
(23,134)
151,845
1,633,009
(958,532)
674,477
(9,816)
684,293
674,477

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 31 March 2026

~~.............................................~~ J Docherty - Trustee

GSC Auldhouse Limited

Notes to the Financial Statements for the Period 1 November 2024 to 30 June 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity meets the definition of a public benefit entity under FRS 102. The charity has availed itself of paragraph 3 (3) of Schedule 4 of the Companies Act 2006 and adapted the Companies Act formats to reflect the special nature of the charity's activities.

Going concern

The trustees continue to be satisfied that the charitable company has adequate resources to continue in operation for the next 12 months. Consequently, the trustees consider it appropriate to prepare the financial statements on a going concern basis.

The trustees are aware of the deficit in the unrestricted funds and plans are in place to address this deficit.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenditure during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no key sources of estimation uncertainty.

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.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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.

Charitable activities costs comprises of costs incurred by the charity in the delivery of its day to day activities and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property - 10% on reducing balance Plant and machinery - 25% on reducing balance

GSC Auldhouse Limited

Notes to the Financial Statements - continued for the Period 1 November 2024 to 30 June 2025

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees and in furtherance of the objects of the charity.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash at bank and in hand

Cash at bank and cash in hand includes cash for the management and operation of football pitches and pavilion.

Creditors

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 discounts due.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Period Period
1.11.24 2.10.23
to to
30.6.25 31.10.24
£ £
Sponsorships 878 -
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets Period
1.11.24
to
30.6.25
£
6,373		 Period
2.10.23
to
31.10.24
£
4,782

3. NET INCOME/(EXPENDITURE)

GSC Auldhouse Limited

Notes to the Financial Statements - continued for the Period 1 November 2024 to 30 June 2025

4. AUDITORS' REMUNERATION

AUDITORS' REMUNERATION
Period Period
1.11.24 2.10.23
to to
30.6.25 31.10.24
£ £
Fees payable to the charity's auditors for the audit of the charity's financial
statements 4,000 4,000
Auditors' remuneration for non audit work 2,400 1,000

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30 June 2025 nor for the period ended 31 October 2024.

Trustees' expenses

There were no trustees' expenses paid for the period ended 30 June 2025 nor for the period ended 31 October 2024.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
EXPENDITURE ON
Charitable activities
Provision of recreational facilities
9,816
NET INCOME/(EXPENDITURE)
(9,816)
TOTAL FUNDS CARRIED FORWARD
(9,816)		 Restricted
fund
£
710,000
25,707
684,293
684,293		 Total
funds
£
710,000
35,523
674,477
674,477

GSC Auldhouse Limited

Notes to the Financial Statements - continued for the Period 1 November 2024 to 30 June 2025

7. TANGIBLE FIXED ASSETS

Freehold
Leasehold
property
improvements
£
£
COST
At 1 November 2024
1,446,177
-
Additions
274,521
-
Reclassification
(1,720,698 )
1,720,698
At 30 June 2025
-
1,720,698
DEPRECIATION
At 1 November 2024
-
-
Charge for year
-
-
At 30 June 2025
-
-
NET BOOK VALUE
At 30 June 2025
-
1,720,698
At 31 October 2024
1,446,177
-
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
GSC - Trading
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 11)
Other creditors
Deferred income
Accrued expenses		 Plant and
machinery
£
39,769
7,616
-
47,385
4,782
6,373
11,155
36,230
34,987
2025
£
-
22,211
6,200
28,411
2025
£
48,297
6,000
6,306
24,423
85,026		 Totals
£
1,485,946
282,137
-
1,768,083
4,782
6,373
11,155
1,756,928
1,481,164
2024
£
8,993
-
-
8,993
2024
£
12,134
6,000
-
5,000
23,134

GSC Auldhouse Limited

Notes to the Financial Statements - continued for the Period 1 November 2024 to 30 June 2025

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Other loans (see note 11)
676,703
712,866
Other creditors - over 1 year
25,001
28,999
Other creditors - Giffnock Soccer Centre
434,667
216,667
1,136,371
958,532
Included in Other creditors is the following balance owed for professional fees in relation to capital fundraising:
Craig Campbell 2025
£
31,000
35,000

11. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Funders loans
Amounts falling between one and two years:
Funders loans - 1 to 2 years
Amounts falling due between two and five years:
Funders loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Funders loans more 5yrs instal		 2025
£
48,297
57,164
196,604
422,935		 2024
£
12,134
54,648
187,948
470,270

12. SECURED DEBTS

Both Foundation Scotland and Social Growth Scotland Fund 2 LLP hold standard security over the long lease at Auldhouse, Glasgow. They also hold a floating charge over all the property and undertaking of the charitable company.

GSC Auldhouse Limited

Notes to the Financial Statements - continued for the Period 1 November 2024 to 30 June 2025

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At
1.11.24
£
(9,816)
684,293
674,477
Incoming
resources
£
2,048
100,571
102,619		 Net
movement
At
in funds
30.6.25
£
£
(85,789)
(95,605)
63,644
747,937
(22,145)
652,332
Resources
Movement
expended
in funds
£
£
(87,837)
(85,789)
(36,927)
63,644
(124,764)
(22,145)
Net
movement
At
in funds
31.10.24
£
£
(9,816)
(9,816)
684,293
684,293
674,477
674,477

GSC Auldhouse Limited

Notes to the Financial Statements - continued for the Period 1 November 2024 to 30 June 2025

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
-
710,000
710,000		 Resources
Movement
expended
in funds
£
£
(9,816)
(9,816)
(25,707)
684,293
(35,523)
674,477		 Resources
Movement
expended
in funds
£
£
(9,816)
(9,816)
(25,707)
684,293
(35,523)
674,477
Name of fund
Description, nature and purpose of fund
Unrestricted funds
General funds
All other reserves held by the charity.
Restricted funds
Restricted funds
Funds to manage and operate 4G pitches.

14. RELATED PARTY DISCLOSURES

At the year end, there is a balance owed to Giffnock Soccer Centre (a sister charity) of £434,668 (2024: £216,667). £168,000 of this balance relates to a deposit paid for the lease of the pitches. The remaining balance will be start being repaid after 10 years.

GSC Auldhouse Limited

Detailed Statement of Financial Activities for the Period 1 November 2024 to 30 June 2025

Detailed Statement of Financial Activities
for the Period 1 November 2024 to 30 June 2025
Period Period
1.11.24 2.10.23
to to
30.6.25 31.10.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Grants 100,571 710,000
Other trading activities
Sponsorships 878 -
Charitable activities
Sundry income 1,170 -
Total incoming resources 102,619 710,000
EXPENDITURE
Charitable activities
Wages 46,130 -
Rates and water 4,394 -
Light and heat 1,723 -
Telephone 32 -
Advertising 553 -
Sundries 487 34
Festival costs 753 -
Printing and stationery 998 -
Rent 9,595 -
Repairs and maintenance 7,762 -
Cleaning 1,123 -
Staff training 117 -
Travel costs 233 -
Media services 960 -
Kit expenses 205 -
Support costs 75,065 34
Finance
Funders loan interest 32,847 13,332
Funders arrangement fee - 6,000
32,847 19,332
Other
Depreciation of tangible fixed assets 6,372 4,782
Governance costs
Auditors' remuneration 4,000 4,000
Carried forward 4,000 4,000

This page does not form part of the statutory financial statements

GSC Auldhouse Limited

Detailed Statement of Financial Activities

for the Period 1 November 2024 to 30 June 2025

Detailed Statement of Financial Activities
for the Period 1 November 2024 to 30 June 2025
Period Period
1.11.24 2.10.23
to to
30.6.25 31.10.24
£ £
Governance costs
Brought forward 4,000 4,000
Auditors' remuneration for non audit work 2,400 1,000
Professional fees 4,080 6,375
10,480 11,375
Total resources expended 124,764 35,523
Net (expenditure)/income (22,145) 674,477

This page does not form part of the statutory financial statements