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City of Glasgow College Annual Report & Accounts 2020-21
CITY OF GLASGOW COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
12 months ended 12 months ended
FOR THE 12 MONTHS ENDED 31 JULY 2021 31 July 2021 31 July 2020
£000 £000
22 RESERVES
Restricted Reserves
Balance at 1 August 2020 424 462
Movement on restricted funds (26) (38)
At 31 July 2021 398 424
Revaluation Reserve
Balance at 1 August 2020 35,240 35,818
Transfer to income & expenditure account (578) (578)
Revaluation in year 45,585 At
31 July 2021 80,247 35,240