THE GLAD CAFE C.I.C.

Company limited by guarantee

Company Registration Number:
SC375439 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

THE GLAD CAFE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE GLAD CAFE C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 88,794 488,930
Cost of sales: ( 31,647 ) ( 385,826 )
Gross profit(or loss): 57,147 103,104
Administrative expenses: ( 138,553 ) ( 193,526 )
Operating profit(or loss): (81,406) (90,422)
Interest payable and similar charges: ( 1,200 ) ( 1,200 )
Profit(or loss) before tax: (82,606) (91,622)
Profit(or loss) for the financial year: (82,606) (91,622)

THE GLAD CAFE C.I.C.

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets: 3 75,000 75,000
Tangible assets: 4 33,381 45,357
Total fixed assets: 108,381 120,357
Current assets
Stocks: 5 2,380
Cash at bank and in hand: 882 10,168
Total current assets: 882 12,548
Prepayments and accrued income: 2,141
Creditors: amounts falling due within one year: 6 ( 236,102 ) ( 211,568 )
Net current assets (liabilities): (233,079) (199,020)
Total assets less current liabilities: (124,698) ( 78,663)
Creditors: amounts falling due after more than one year: 7 ( 52,212 ) ( 52,212 )
Accruals and deferred income: ( 65,412 ) ( 28,841 )
Total net assets (liabilities): (242,322) (159,716)
Members' funds
Profit and loss account: (242,322) ( 159,716)
Total members' funds: ( 242,322) (159,716)

The notes form part of these financial statements

THE GLAD CAFE C.I.C.

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 December 2025
and signed on behalf of the board by:

Name: MATTHEW CRAIG TANNOCK
Status: Director

The notes form part of these financial statements

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 20

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2024 75,000 75,000
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 75,000 75,000
Amortisation
At 1 April 2024 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2025 0 0
Net book value
At 31 March 2025 75,000 75,000
At 31 March 2024 75,000 75,000

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 93,557 64,945 6,314 1,413 166,229
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 93,557 64,945 6,314 1,413 166,229
Depreciation
At 1 April 2024 82,607 31,756 5,206 1,303 120,872
Charge for year 2,905 8,844 117 110 11,976
On disposals
Other adjustments
At 31 March 2025 85,512 40,600 5,323 1,413 132,848
Net book value
At 31 March 2025 8,045 24,345 991 0 33,381
At 31 March 2024 10,950 33,189 1,108 110 45,357

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Stocks

2025 2024
£ £
Stocks 2,380
Total   2,380

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 4,912 17,080
Taxation and social security 114,190 146,675
Other creditors 117,000 47,813
Total 236,102 211,568

THE GLAD CAFE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 39,522 39,522
Other creditors 12,690 12,690
Total 52,212 52,212

COMMUNITY INTEREST ANNUAL REPORT

THE GLAD CAFE C.I.C.

Company Number: SC375439 (Scotland)

Year Ending: 31 March 2025

Company activities and impact

Committed to paying Real Living Wage as the baseline wage for our employees, with pay scaled upwards accordingly live music events that we have presented. Committed to keeping our food and drink offer 100% vegan and ethically sourced. This has allowed us to lead by example by offering a sustainable, responsible, and affordable cafe and bar space for our community. We continue to support the ongoing provision of free and affordable music-making opportunities for the young people of the Southside of Glasgow in partnership with our sister organisation The Glad Foundation eg Glad Community Choir, after school lessons, yoga classes, groups AGM's and workshops.

Consultation with stakeholders

Our stakeholders comprise our customers and gig goers, musicians and artists, event promotors, our suppliers for both food and drink, partner organisations who we run events with, and participants in our Glad Foundation workshop activity. Regular consultation is an essential part of how the Glad Cafe operates, with ongoing discussion with our various stakeholders informing most elements of our operation whether our menu, products that we stock behind the bar, the events we programme, or the nature of the music-making opportunities provided through the Glad Foundation; online engagement through our website and social media pages.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 December 2025

And signed on behalf of the board by:
Name: MATTHEW CRAIG TANNOCK
Status: Director