Clutches with oil on em only slip down here
More likely is adjustment at rear of box, on the actuating arm, easier with swinging arm off but doable on
Back cable off completely, adjust at arm, readjust cable.
Very frequent topic on this forum , SB clutch adjusting.
Re advance, i can’t remember if v50/2 had electronic ignition std, certainly the /3 ran points, commonly replaced with a Dyna electronic. These use the original mechanical adv/retard .
If you have this, they can stick, doesn’t sound like the problem but if you have one, a clean and lube should eliminate it as cause. Should spring back nicely, move freely etc.