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Annual accounts

Our annual profit and loss accounts for the year ending April 2012.

*Reserves: The charity has net reserves at the year end of £124,597. This includes revenues which will be used in meeting the increased demand for arts consultancy, delivery of national grant funded projects and training services for which Culture Sparks has commitments in 2012-13. The Directors’ aim is to manage risk by building up a reserves fund adequate to cover core overheads for a 3 month period. Where unallocated funds are created these will be redirected towards maintaining the operations of the organisation to ensure delivery of the core Memorandum and Articles of the organisation and ensure efficient and effective best practice at all times.


These financial statements have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities and in accordance with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. The summary accounts have been extracted from the audited statutory accounts for the year ending 31 March 2012. The full accounts and report are available from Glasgow Grows Audiences Ltd registered office.

The financial statements were approved by the Board of Directors on 5 September 2012.