Transparency


Greater Govanhill CIC is committed to transparency around the work we do and how we do it.

We are registered as a Community Interest Company and operate as a social enterprise. We are a values led organisation, committed to making a positive impact in our community.

We have an asset lock in place, which means:

 

The Asset Lock is designed to ensure that the assets of the CIC (including any profits or other surpluses generated by its activities) are used for the benefit of the community. A transfer of assets must satisfy certain requirements This means that, subject to the CIC meeting its obligations, its assets must either be retained within the CIC to be used for the community purposes for which it was formed, or, if they are transferred out of the CIC, the transfer must satisfy one of the following requirements:

  • It is made for full market value so that the CIC retains the value of the assets transferred;

  • it is made to another asset-locked body (a CIC or charity, a registered society or non-UK based equivalent) which is specified in the CIC’s Articles of Association;

  • It is made to another asset locked body with the consent of the Regulator; or

  • It is made for the benefit of the community.

 

We are funded through a mix of advertising sales, membership revenue, grant funding, and other revenue raised through other services such as consultancy, training and space hire.

We currently have approximately 180 members paying on average £4 a month. If you would like to support us with membership, join here.

We have an ethical advertising policy in place that means we only accept adverts from organisations whose values align with our own. Any advertising appearing in our magazine does not imply an endorsement of the products, events or campaigns being advertised, and advertisers have no input on our editorial decisions.

An approximate breakdown of our income and predicted income is shown in these graphs:

Grant funding

Greater Govanhill gives a massive thanks to the funders listed below for supporting the work that we do.

Editorial independence is guaranteed by our editorial policy. The Greater Govanhill Editor's decision is final and independent of any influence from our funders.

 £5,000 and under

  • First Port Start-it (2020) – to cover start up costs

  • SSE Start Up (2020) – to cover start up costs

  • KFC Foundation (2021) – to provide workshops to young people from under-represented backgrounds

  • Winter Social Wellbeing Fund (2021) – to put on the Glasgow Language Festival

  • Corra Foundation Enabling Neighbourhoods and Communities Fund (2021) – to produce a community radio show

  • Museum Galleries Scotland (2022) – to produce the FONDs exhibition

  • Winter Wellbeing Fund (2022) – to run events in our Community Newsroom

  • GCVS Gambling Harms Fund (2022) – to produce special coverage on gambling harms and solutions

£10,000 and under

  • The National Lottery Community Fund Awards For All (2020) – to provide training to young people from marginalised backgrounds and magazine costs

  • Community Health and Wellbeing (2022) – to run events, training and workshops throughout the year

  • GNI News Equity Fund (2022) – to build more engagement with underserved communities.

  • Community Health and Wellbeing (2023) – to run events, training and workshops throughout the year

  • The National Lottery Community Fund Awards For All (2023) for Part II of the FONDs project and setting up a community podcasting room

  • Joseph Rowntree Reform Trust (2024) – to run the Citizens Agenda project with The Scottish Beacon

  • Glasgow City Heritage Trust (2024) – to run a year long heritage multimedia project

£25,000 and under

  • First Port ‘Build It’ (2021) – to cover two part-time staff wages for one year

  • People’s Postcode Lottery (2024) – unrestricted funding

  • Gamble Aware (2024) – to run a participatory journalism programme for women who’v experienced gambling harms

£50,000 and under

  • GNI Innovation Challenge Fund (2022) – for setting up The Scottish Beacon

  • Solutions Journalism Accelerator (2022) – for our year long Mind The Health Gap project exploring solutions to health inequalities

  • Glasgow Communities Fund (2023) – for a contribution to our core costs annually

Accounts

Our end of year accounts can be read on Companies House, as can our constitutional documents