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City of Glasgow College Annual Report & Accounts 2019-20
CITY OF GLASGOW COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
12 months ended 12 months ended
FOR THE 12 MONTHS ENDED 31 JULY 2020 31 July 2020 31 July 2019
£000 £000
23 RESERVES
Restricted Reserves
Balance at 1 August 2019 462 483
Movement on restricted funds (38) (21)
At 31 July 2020 424 462
Revaluation Reserve
Balance at 1 August 2019 35,818 14,987
Transfer to income & expenditure account (578) (2,087)
Revaluation in year - 22,918
At 31 July 2020 35,240 35,818