for the Period Ended 31 August 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
( |
( |
| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
( |
( |
| Tax: |
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| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
|
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| Creditors: amounts falling due within one year: | 5 |
(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 August 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 September 2023 |
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| Additions | ||||||
| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 August 2024 |
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| Depreciation | ||||||
| At 1 September 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 August 2024 |
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| Net book value | ||||||
| At 31 August 2024 |
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| At 31 August 2023 |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
|
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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Following the motion brought to Glasgow City Council by Councillor Lana Reid McConnell, a stakeholder group was set up in February 2024 to discuss legal street art and graffiti walls within Glasgow. It has been great to be part of this stakeholder group, and in July 2024, we hosted the first-ever Custom House Legal Wall Jam. This was a graffiti and street art jam with over 40 artists painting over one weekend to mark the opening of Glasgow’s first official public legal wall. The weekend was a huge success, and the response from the local street art community was great. There has long been a demand for a public space where people can paint, and it has been great to see so much work being created on the wall since it opened. We have continued to showcase local artists at our stall at the Barras Market. We are open every Saturday and Sunday and sell a variety of prints and t-shirts for artists within the street art and graffiti community. It has been great to see the response to the artist's work from the general public. Through building relationships with locals around the market, we were able to secure another wall for artists to paint. We invited 6 artists over the course of 6 months to paint the side walls of the Square Yard, which sits beside the Barras Market. Again, the response from the artists and locals has been overwhelmingly positive.
As time has passed, we have invited more street artists to join the studio building we are based in, which has helped foster a stronger sense of community and provided direct access to artists to hear their wants and needs. Hosting the Custom House Legal Wall Jam was also an opportunity to garner insights directly from a wide variety of artists. Social media continues to be a great way to gather information about the response to the work we are doing. A local vlogger covered the new legal wall in a video, which received 46 thousand views on Instagram, with the comments being again overwhelmingly in support of the legal wall. We continue to receive enquiries about workshops for young people and adults, but we are still at capacity with what we are capable of taking on with our current structure. This again is something we are endeavouring to change going forward, as this would allow us to make even more social impact and help to shape a future generation of artists, which aligns with our mission statement.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
6 May 2025
And signed on behalf of the board by:
Name: Andrew William McGlone
Status: Director