REGISTERED COMPANY NUMBER: SC105891 (Scotland)

REGISTERED CHARITY NUMBER: SC003500

Report of the Trustees and

Audited Financial Statements For The Year Ended 31 March 2025

for

Community Central Hall

Page

Report of the Trustees

1

to

5

Report of the Independent Auditors

6

to

9

Statement of Financial Activities

10

Statement of Financial Position

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

to

29

The trustees who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the group and 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).

INTRODUCTION - THE YEAR IN SUMMARY

The Board of Directors are pleased to present its report for the year ending 31 March 2025. This has been a landmark year, as Community Central Hall marked its 50th anniversary, while Woodside Halls celebrated 100 years since its opening. These milestones provided an opportunity to celebrate our heritage, but also to reflect on the ongoing challenges facing our community, buildings and organisation.

During the year, more than 114,000 people engaged with CCH's services and activities. We supported families, children, young people, older people, refugees, and local businesses. Highlights included 18,000 bags of shopping provided through the Community Fridge, 23,000 passenger journeys delivered by our transport fleet, 750 hours of befriending to older people, and over 6,000 community events facilitated across 304 Maryhill Road and Woodside Halls. Our employability programmes supported 111 individuals, 60 of whom gained formal qualifications, while childcare and youth programmes continued to be at the heart of our work.

The year was also marked by financial pressures. The organisation delivered turnover of £1.7m, but rising energy costs, vehicle repairs, and the implementation of Fair Work First added significant costs. Salaries accounted for 69% of expenditure, with Fair Work and HMRC changes increasing the wage bill by £96,000. The Board approved a modest deficit budget of £22,350 for 2025/26 (1.08% of turnover), recognising that reserves would allow services to continue while further funding is sought. At year-end, cash balances were in excess of £500,000.

HISTORY

Community Central Hall is the name of both the organisation as a limited company development trust and the building at 304 Maryhill Road Glasgow. CCH has a rich heritage and history that dates back to the 1920s. This year the heritage of the Woodside Halls also adds to the responsibilities of CCH.

The Building 1920's - 1975

Community Central Hall was built in 1924 as the Central Methodist Hall by public subscription the 22,000 square feet building, with "C" Grade Listing, was even then seen as an anchor in the community, place for "social intercourse" (Lady Gilmore, 1924, Opening Speech).

The original frontage and sanctuary of the Methodist Central Hall

The Church was refurbished in 1966, and latterly hosted the World summit of the Methodist Church. With rising costs and falling congregation it was briefly reformed into a training venue, but in 1976 the decision was made to close. By this stage the building was well used by a large variety of community and self-help voluntary groups. Together they formed an action committee and successfully persuaded the Strathclyde Regional Council to buy the building for community use. In 1977 CCH was formed and have operated the facility as a community managed centre ever since.

The Community Campaign 1975-76

In 1977 several parts of the building were in a state of disrepair and it took the following decade and creative use of schemes like the Manpower Services Commission to bring the building back into full use. As services developed within CCH more and more space was retained by the organisation and by 1991 the building boasted a nursery, an after school service, a day-care centre, a café, meeting rooms and halls, along with a plethora of community projects and initiatives, aiding the regeneration of the Maryhill corridor. By 2000 the organisation had around 100 staff, and numerous volunteers.

CCH - 2006 - Present Day

In 2005 CCH appointed its first Chief Executive and following a strategic review and reorganisation became a Development Trust seeking to provide vital local services and generate sustainable income. A rolling programme of small works was commenced to provide additional letting space. In 2008 the building was chosen as the venue for the first joint Scottish/UK Public Inquiry, and with support from the Scottish Court Service received a £360,000 refurbishment. In 2009 the Board of Directors formally committed to seeking outright ownership of the building to secure long term development and refurbishment, and protect the building for future generations. In the past decade plus the Board have sought to maintain and improve the building, whilst there have been protracted discussions and negotiations over the transfer of title of the building from Glasgow City Council. Assessments of the key elements of the building have been undertaken and several attempts to secure funding for major refurbishment made. Whilst funding has been secured to partially replace original sash windows on the frontage for instance, major repairs funding has not been secured. This work continues, with significant investment in new heating, electrical wiring, and emergency systems upgrades, along with significant roof repairs, all funded by Community Central Hall budgets, with further refurbishment required when there is title to the building from major funders.The reopening of Woodside Halls in 2023 extended our heritage responsibilities and created exciting opportunities for cultural activity and community development.

ACHIEVEMENTS AND PERFORMANCE

Achievements

Despite financial pressures, the year saw significant progress across services. Achievements included:

o 114,000 service users engaged.

o 23,000 passenger journeys delivered.

o 18,000 bag of shopping provided and 750 hours of befriending delivered.

o 111 people supported through employability, 60 qualifications gained.

o 6,000+ community events hosted.

o 250+ children and young people engaged in childcare and youth.

o 350+ businesses supported.

o 750 volunteer hours contributed.

The Seamore Neighbourhood Cinema was relaunched with support from Film Hub Scotland, featuring a series of films on friendship and solidarity. Safe Till Six expanded community activities and environmental projects. The Community Fridge adapted to bulk donations, moving towards meal preparation. Employability programmes through GECCo exceeded targets, with ESOL provision for 35 New Scots launched with Wheatley Foundation. Cultural highlights at Woodside Halls included weddings, concerts, political conferences, and film shoots, establishing the venue as a vibrant hub once more.

FINANCIAL REVIEW

Financial Results, Reserves and Remuneration

Turnover for 2024/25 was £1.7m,. Expenditure on salaries accounted for 69% of costs, reflecting Fair Work First commitments. Building running costs exceeded £459,000, with utilities at £140,000 and transport repairs at £29,000. £157,000 was invested in building improvements, with £62,000 allocated for essential repairs in 2025/26. The Board approved a planned deficit of £22,350 for 2025/26, recognising that services must continue despite ongoing funding pressures.

Year-end reserves stood at over £374k, while below the target of three months operating costs the Board continues to work to increase this level. Long-term cashflow forecasting was continued, ensuring resilience. Restricted funds continued to support key projects in employability, childcare, cultural programming, and older people's services. The Board recognize the continued financial support of Glasgow City Council (Glasgow Communities Fund and Glasgow Places and Communities Fund) and other funders.

The remuneration of staff is set by the Board, in line with Fair Work First. All staff and apprentices were paid the Real Living Wage by April 2024. Around half of staff live locally, and 39% were previously unemployed or in education, demonstrating our role as a community wealth builder.

Community Central Hall remains committed to its role as a community anchor organisation. As we celebrate 50 years of service, we do so with gratitude to our staff, volunteers, funders, partners and the community we serve. The year ahead will bring both opportunities and challenges, but with the strong foundations laid over five decades, we face the future with confidence.

PLANS FOR THE FUTURE

The organisation enters 2025/26 with a clear set of priorities, including:

o Completing asset transfer and continued refurbishment of 304 Maryhill Road and Woodside Halls.

o Delivering celebratory programmes for CCH's 50th and Woodside Halls' centenary.

o Expanding Woodside Halls' cultural programme with a dedicated promotional strategy.

o Preparing for Martyn's Law through safety upgrades, training, and PeopleSafe devices.

o Growing employability and ESOL provision through GECCo.

o Expanding childcare to include 2-3 year olds under GCC frameworks.

o Embedding Fair Work First and Human Rights approaches across services.

o Strengthening income generation through tenants, events, and cultural programming.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

CCH is a company limited by guarantee and a registered Scottish charity. Governance is provided by a voluntary Board of Directors, elected annually, with co-option powers to maintain breadth of skills and community representation. The Board met regularly throughout the year, typically 8-10 times, supported by the Finance & Resources Committee and the Building Development Committee. In 2024/25, a review of sub-committee structures was initiated to align with new Board membership and emerging priorities.

The Board also oversaw improvements in governance, risk management and safeguarding. A new performance tracker was introduced to better monitor risks, while PVG legislation changes required new checks for staff and trustees. The Board considered preparations for Martyn's Law (Protect Duty), fraud prevention, and health & safety compliance. Board development included induction processes, sector training, and regular service presentations to connect trustees with frontline activity.

Operational management was led by the Chief Executive, supported by a strengthened executive team structure, including Heads of Service for Culture & Enterprise, Childcare & Community Services, and Place and Engagement. Financial systems were further enhanced, with continued support from the Virgin Money Foundation enabling senior finance leadership. The heads of service are supported by a team of experienced managers across services, projects and activities. CCH also maintains an active participation in the Glasgow Empowering Communities Co-operative (GECCo) a co-operative of Development Trusts across Glasgow.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC105891 (Scotland)

Registered Charity number

SC003500

Registered office

304 Maryhill Road

Glasgow

G20 7YE

Trustees

N Berry - Honorary Treasurer

A Dyer - Chairperson

Rev. M Healy - Vice Chairperson (resigned 20.3.25)

P Wilson (resigned 5.12.24)

J MacKechnie

A Sim (resigned 20.3.25)

J McKie

A Fleming

Key Management Personnel:

M McRitchie - CEO

T Fay

J McKnight

N Thornton

J G Bree

Auditors

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

Solicitors

Burness Paull LLP

31 York Street

Glasgow

G2 8AS

Bankers

Royal Bank of Scotland

129 Kirkintilloch Road

Bishopbriggs

G64 2LR

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Community Central Hall 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Robb Ferguson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 23 December 2025 and signed on its behalf by:

A Dyer - Trustee

Opinion

We have audited the financial statements of Community Central Hall (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows 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:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

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 the provisions available for small entities, in the circumstances set out in note 21 to the financial statements, 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:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

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 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

-	adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our wider knowledge and experience;

- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the The Charities Accounts (Scotland) Regulations 2006 and Financial Reporting Standard 102 Statement of Recommended Practice.

- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations

Audit response to risks of irregularities identified

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Tested journal entries to identify unusual transactions;

- Assessed whether judgements and assumptions made in determining the accounting estimates set out were indicative of potential bias; and

- Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;

- Reading the minutes of meetings of those charged with governance;

- Enquiring of management as to actual and potential litigation and claims; and

- Reviewing correspondence with HMRC, OSCR and the charitable company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

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.

Graham M Cantlay (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

Chartered Accountants & Statutory Auditors

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

24 December 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

as restated

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

4

Community services

1,378,460

340,625

1,719,085

1,760,105

Other trading activities

2

56,861

-

56,861

42,632

Investment income

3

4,038

-

4,038

508

Total

1,439,359

340,625

1,779,984

1,803,245

EXPENDITURE ON

Charitable activities

5

Community services

1,105,564

788,863

1,894,427

1,660,745

NET INCOME/(EXPENDITURE)

333,795

(448,238

)

(114,443

)

142,500

Transfers between funds

18

(446,422

)

446,422

-

-

Net movement in funds

(112,627

)

(1,816

)

(114,443

)

142,500

RECONCILIATION OF FUNDS

Total funds brought forward

292,116

196,952

489,068

346,568

TOTAL FUNDS CARRIED FORWARD

179,489

195,136

374,625

489,068

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

as restated

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

12

103,092

8,626

111,718

122,184

CURRENT ASSETS

Debtors

13

37,993

60,444

98,437

166,082

Cash at bank and in hand

362,811

157,546

520,357

555,704

400,804

217,990

618,794

721,786

CREDITORS

Amounts falling due within one year

14

(272,165

)

(31,478

)

(303,643

)

(287,470

)

NET CURRENT ASSETS

128,639

186,512

315,151

434,316

TOTAL ASSETS LESS CURRENT LIABILITIES

231,731

195,138

426,869

556,500

CREDITORS

Amounts falling due after more than one year

15

(52,244

)

-

(52,244

)

(67,432

)

PENSION ASSET

19

-

-

-

-

NET ASSETS

179,487

195,138

374,625

489,068

FUNDS

18

Unrestricted funds

179,487

292,116

Restricted funds

195,138

196,952

TOTAL FUNDS

374,625

489,068

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 23 December 2025 and were signed on its behalf by:

A Dyer - Trustee

Cash flows from operating activities

Cash generated from operations

1

(4,077

)

222,496

Interest element of hire purchase payments paid

(3,526

)

(1,488

)

Net cash (used in)/provided by operating activities

(7,603

)

221,008

Cash flows from investing activities

Purchase of tangible fixed assets

(15,361

)

-

Interest received

4,038

508

Net cash (used in)/provided by investing activities

(11,323

)

508

Cash flows from financing activities

Loan repayments in year

(6,222

)

(5,093

)

Capital repayments in year

(10,199

)

(9,047

)

Net cash used in financing activities

(16,421

)

(14,140

)

Change in cash and cash equivalents in the reporting period

(35,347

)

207,376

Cash and cash equivalents at the beginning of the reporting period

555,704

348,328

Cash and cash equivalents at the end of the reporting period

520,357

555,704

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

as restated

£

£

Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities)

(114,443

)

142,500

Adjustments for:

Depreciation charges

25,827

17,914

Interest received

(4,038

)

(508

)

Interest element of hire purchase and finance lease rental payments

3,526

1,488

Pension costs

3,000

3,000

Decrease/(increase) in debtors

67,645

(112,446

)

Increase in creditors

17,406

175,548

Difference between pension charge and cash contributions

(3,000

)

(5,000

)

Net cash (used in)/provided by operations

(4,077

)

222,496

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

555,704

(35,347

)

520,357

555,704

(35,347

)

520,357

Debt

Finance leases

(46,535

)

10,199

(36,336

)

Debts falling due within 1 year

(5,027

)

1,233

(3,794

)

Debts falling due after 1 year

(31,335

)

4,989

(26,346

)

(82,897

)

16,421

(66,476

)

Total

472,807

(18,926

)

453,881

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's presentation currency is sterling and amounts in the financial statements are rounded to the nearest £.

Community Central Hall is a registered Scottish charity and a company limited by guarantee and has no share capital.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern given the continued support from its funders and level of unrestricted reserves at the year end.

Critical accounting judgements and key sources of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect the reported income, expenditure, assets and liabilities. Use of available information and application of judgment are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from each estimate.

The Trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied as follows:

Depreciation of fixed assets - fixed assets are depreciated over the useful life of the asset. The useful lives of fixed assets are based on the knowledge of senior management, with reference to assets expected life cycle.

Allocation of expenditure between activities - Support costs are allocated between charitable activities and governance based on the time spent by senior management on undertaking the charity’s activities.

Bad debt provision - the charity makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of debtors, management considers factors including credit rating, ageing and previous payment patters.

Income

Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations, are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Income from government and other grants, whether ‘capital’ 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.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

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 settlement will be required 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.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure is incurred.

Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.

Governance costs and support costs relating to charitable activities have been apportioned based on the time spent by staff members.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Property improvements

-

10% on cost

Plant & equipment

-

33.33% on cost

Furniture & fittings

-

33.33% on cost

Motor vehicles

-

6 years straight line

Computers

-

33.33% on cost

Tangible fixed assets costing more than £5,000 are capitalised, including any incidental expenses of acquisition.

Taxation

The company is a charitable company within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the company 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.

Funds structure

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created funds for specific purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed, or through the terms of an appeal.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Pensions

The charity participates in the Strathclyde Pension Fund, a pension scheme providing benefits based on final or career average pensionable pay, on behalf of certain employees. The assets of the scheme are held separately from those of the charity. The charity accounts for its pension costs under this scheme on a defined benefit basis under Financial Reporting Standard 102 (FRS102).

Pension scheme assets are measured using market values. Pension scheme liabilities are measured using a projected unit method and are discounted at the rate of return on a high quality corporate bond of equivalent term and currency to the liability. As there is no agreement in place to recover the surplus, there is no recognition of the asset reflected in the balance sheet.

The charity also operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Activities.

Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a

net basis or to realise the asset and settle the liability simultaneously.

Financial Instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of

ownership to another entity, or if some significant risks and rewards of ownership are retained but control of

the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless

the arrangement constitutes a financing transaction, where the debt instrument is measured at the present

value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable

within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at

transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or

cancelled.

2.	OTHER TRADING ACTIVITIES

2025

2024

as restated

£

£

Printing and photocopier

56,861

42,632

3.	INVESTMENT INCOME

2025

2024

as restated

£

£

Deposit account interest

4,038

508

4.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

as restated

Activity

£

£

Delivering local community services

Community services

1,719,085

1,760,105

Details of grant funding received in year (non-government):

Funder

2025

2024

The National Lottery Community Fund

-

10,000

Saints and Sinners

1,250

1,000

W A Cargill Fund

15,000

15,000

Bank of Scotland

-

9,750

CM Hendrie

-

3,000

Virgin Money

17,117

-

Share Care Scotland

-

21,222

GCVS

-

10,000

Film Hub Scotland

1,200

-

DTAS

-

10,200

Connect Development Trust

35,761

106,276

70,328

186,448

Government Grants:

2025

2024

£

£

GCC - Income for Happy Days Nursery

397,699

354,997

GCC - Happy Days Nursery - Lead practitioner's Salary

29,728

-

GCC - Breakthrough Playscheme

2,201

5,912

GCC - Stockline

4,000

-

GCC - Brighter Futures (Project no: 370/20)

125,802

126,547

GCC - Modern Apprenticeship

24,644

7,650

GCC - Shared Prosperity Fund

157,862

156,194

Strathclyde Partnership for Transport for Staff Salary

30,000

30,000

Transport Scotland

4,644

4,362

776,581

685,662

There are no unfulfilled conditions and contingencies attaching to the grants or any indicators of other forms of government assistance.

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Community services

1,842,570

51,857

1,894,427