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2025-12-31-accounts

REGISTERED CHARITY NUMBER: SC004153

Trustees' Report and

Financial Statements for the Year Ended 31 December 2025

for

Glasgow Govan and Linthouse Parish Church of Scotland

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

Glasgow Govan and Linthouse Parish Church of Scotland

Contents of the Financial Statements for the Year Ended 31 December 2025

Page
Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 17

Glasgow Govan and Linthouse Parish Church of Scotland

Reference and Administrative Details for the Year Ended 31 December 2025

TRUSTEES Karen Stevely
Linda McAlpine
Magdalene Caldwell
Marion Mackinnon
May Mackinnon
Rose McLoughlin
Sandra Macdonald MBE
David McGilvray
Christine Beveridge
Gillian McIlreavy
Gordon McIlreavy
Kirsty Thomson
Elsie Donald
David Gray
Joy Faulkner
Florence Kaira
Simon Gray
Cathy McLeod
Lesley Newdall
PRINCIPAL ADDRESS 796 Govan Road
Govan
Glasgow
G51 2YL
REGISTERED CHARITY NUMBER SC004153
INDEPENDENT EXAMINER David Nicholls FCCA
Brett Nicholls Associates
Herbert House
24 Herbert Street
Glasgow
G20 6NB
BANKERS The Royal Bank of Scotland
36 St Andrews Square
Edinburgh
EH2 2YB
CHURCH INFORMATION Congregational Reference Number:
160945
Congregation Name:
Glasgow: Govan & Linthouse Parish Church
of Scotland
OFFICE BEARERS Minister: David Gray
Session Clerk: Lesley Newdall

Page 1

Glasgow Govan and Linthouse Parish Church of Scotland

Trustees' Report for the Year Ended 31 December 2025

The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Church of Scotland is Trinitarian in doctrine, Reformed in tradition, and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national church, it acknowledges a distinctive call and duty to bring the ordinances of religion to people in every parish of Scotland through a territorial ministry. It co-operates with other churches in various ecumenical bodies in Scotland and beyond.

ACHIEVEMENT AND PERFORMANCE

Minister's Report on Charitable Activities

I’ve said before that the ‘wheels of The Church of Scotland’ move slowly but surely, but that this is no more! In a rapidly changing world and society, amidst speed of communication and technological innovation, along with changing attitudes, the norms and assumptions of the past are no more. Some would even question the purpose of the Church. However, despite this, the needs, issues and challenges faced by all people still require a Christian response, where faith, hope and love prevail - as the Scripture says.

At GLPC our logo strapline says: 'Loving God, Loving Govan.' These are words which give direction to who we are and all that we do. Translated, it means that through a variety of groups and activities we provide purpose, meaning and hope. It might be through our weekly art group, Shades of Wonder, or it could be via the monthly meeting of the Guild. Every Thursday the Meeting Place opens its doors and on Saturday's the long-established Tea Room hosts regulars and newcomers alike. And, in the summer we organise The Wee Jaunt which takes us on a journey of encounter with others.

Increasingly, too, we're seeking to support and develop family life through our Family Development Worker - with this involving Messy Church and collaboration with others. As well as this, we continue with School Chaplaincy activities as we connect with all local Schools, engaging relevantly with children, young people and their parents. Not forgetting the ongoing activity of our Uniformed Organisations - the Girls Brigade and Scouts.

Apart from that, we're a Church which says every Sunday 'whoever you are, and wherever you've come from, be welcome in the name of Jesus.' That's a welcome which applies to everyone including the poorest and most marginalised, as well as those who seek Asylum and find themselves in Govan. But we're also a Church which not only follows Jesus’, but walks in the footsteps of Rev. George MacLeod who - almost a century ago - famously proclaimed the gospel, along with the practice of social action within our community (with this leading to the establishment of the Iona Community). Today, that's translated into action as we collaborate with our local MP, MSP and Councilors about local issues, whilst assisting in bringing betterment to the local area.

There’s now a community shop selling quality produce at affordable prices, and the prospect of a revitalised market in Govan Cross is on the horizon, as well as initiatives to establish the Multibank initiative in Glasgow, along with a Banking Hub.

And, of course, we partner and work alongside a host of other organisations seeking to improve life and opportunity in Govan, for all.

All of that goes on day-by-day, but there are occasions, too, where we seek to bring together all local Churches and faith groups to mark and celebrate the seasons of Lent and Easter, as well as Advent and Christmas, together with the time of Remembrance - all to provide an ongoing, unified, witness to all around.

I could say more, and you can find out more via our social media feed on Facebook and Instagram. And, whilst our website is under re-construction, its home page still tells a story. And, of course, even although times are changing, at GLPC we seek to take the timeless truth of the Christian faith and present it and proclaim it relevantly in a language which is easy to understand.

And so, if you're reading this, and have a caricature in mind of the Church, think again when it comes to GLPC. Then join with us and find out for yourself! Last, but not least, to those who do know our story, and, are part of it: Thank-you! For, without your support - financial and otherwise - there would be nothing to report - even in these changing times!

Page 2

Glasgow Govan and Linthouse Parish Church of Scotland

Trustees' Report for the Year Ended 31 December 2025

FINANCIAL REVIEW

Financial position

The charity incurred a net deficit of £16,730 for the year ended 31 December 2025 (2024: £27,285). A key factor affecting the net position during the year was an increase in fabric expenditure to £29k, compared with £6k in the prior year.

At 31 December 2025, total reserves stood at £504,712 (2024: £521,442) with £165,419 of these being unrestricted, free reserves (2024: £178,899), £334,251 being designated funds (2024: £337,629) and £5,042 being restricted funds (2024: £4,914).

Investment policy and objectives

Under powers given by the Church of Scotland (Properties and Investments) Order Confirmation Act 1994, the Church is permitted to invest in the Church of Scotland Investors Trust. Currently the church only has holdings in the Growth Fund. This fund is very largely equity-based and is intended for long-term investment. The fund is operated on a unitised basis and aims to provide capital growth. Units can be purchased or sold monthly. Income is distributed gross in May and November.

Ethical considerations form an integral part of the investment management process, and the Trust is a member of the Church Investors Group (CIG), an ecumenical grouping of Churches and other charitable investors which lobbies companies and investment managers to encourage them to pursue more ethical policies. Investment is avoided in any company whose management practices are judged by the Trustees to be unacceptable. In particular, investment is avoided in any company substantially (15% or more of total turnover) involved in gambling, tobacco products, alcohol, armaments and other activities which are felt to harm society more than they benefit it.

The yield on the Church of Scotland Investors Trust Growth Fund units was 2.12% (2024: 2.32%). The market value of the units increased during the year from £6.38 to £6.88.

Reserves policy

It is the Trustees policy to hold reserves to cover immediate needs and to facilitate the refurbishment of church buildings. The trustees estimate their required reserves to be £30,000. At 31 December 2025 the total reserves stood at £504,712 (2024: £521,442). Total unrestricted reserves, excluding those tied up in fixed assets, are £174,670 (2024: £191,528) comprising £165,419 (2024: £178,899) held in the general fund and £9,251 held in a designated fund for refurbishments within the restoration fund (2024: £12,629). The trustees are therefore satisfied that this reserve policy is currently being met. Funds in excess of the reserves policy will be reinvested in the development of the Church.

Further information concerning the Church's purposes for, and where relevant the original source of the individual funds it holds are found in the notes to the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Church is administered in accordance with the terms of the Quod Omnia Deed of Constitution.

Recruitment and appointment of new trustees

Members of the Kirk Session are the charity trustees. The Kirk Session members are the Elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills.

The ordained Minister in a Charge is regarded as being a Charity Trustee, as well as being the Moderator of the Kirk Session.

Organisational structure

The Kirk Session, which meets six times a year, is responsible for spiritual and temporal affairs within the church.

Key management remuneration

Key management personnel of the charity are deemed to be the trustees. The trustees give their time freely.

Page 3

Glasgow Govan and Linthouse Parish Church of Scotland

Trustees' Report for the Year Ended 31 December 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The principal risk facing the congregation is that of an increased age profile of the membership. This impacts on the number of those contributing to the work of the charity, with an increased risk of reduced financial giving.

The charity's trustees have taken steps in recent times to reduce the liabilities of the charity in relation to the age of its buildings. It disposed of a manse requiring considerable work, and replaced it with a modern build, which will reduce outgoings on fabric.

The charity adheres to the building's strategy agreed by the Presbytery of Glasgow which has categorised the necessity of each building managed by the congregation. As such, steps have been taken in recent years to reduce the number of buildings from three to one. Further, extensive investment has been made in the remaining building to ensure it meets the changing needs of the charity, and ensuring it is more economical to run.

Further, the charity is actively developing a mission strategy which promotes the work of the charity within the local community, and continues to contribute to the life of local schools, groups and organisations to benefit the community at large.

Trustees' responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees have chosen to prepare financial statements on the fully accrued basis which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Financial Statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of Financial Statements may differ from legislation in other jurisdictions.

17/05/2026

Approved by the Trustees on .......................................C3C70000-1724-92F4-989D-08DEB2683162................................ and signed on its behalf by:

----- Start of picture text -----
............. ....................................C3C70000-1724-92F4-9895-08DEB2683162 .............. ..........
Joy Faulkner - Trustee
----- End of picture text -----

Page 4

Independent Examiner's Report to the Trustees of Glasgow Govan and Linthouse Parish Church of Scotland

I report on the accounts for the year ended 31 December 2025 set out on pages six to seventeen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

have not been met; or

----- Start of picture text -----
C3C70000-1724-92F4-98ED-08DEB2683162
----- End of picture text -----

David Nicholls, FCCA Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

18/05/2026

Date: ....... ~~....~~ ...........................C3C70000-1724-92F4-98EF-08DEB2683162 ~~....~~ ...

Page 5

Glasgow Govan and Linthouse Parish Church of Scotland

Statement of Financial Activities for the Year Ended 31 December 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
41,463
Other trading activities
3
26,851
Investment income
4
30,932
Other income
5
7,069
Total
106,315
EXPENDITURE ON
Charitable activities
6
Church and Community Activities
128,852
Net gains on investments
5,679
NET INCOME/(EXPENDITURE)
(16,858)
RECONCILIATION OF FUNDS
Total funds brought forward
516,528
TOTAL FUNDS CARRIED FORWARD
499,670		 Restricted
funds
£
1,850
-
-
-
1,850
1,722
-
128
4,914
5,042		 2025
Total
funds
£
43,313
26,851
30,932
7,069
108,165
130,574
5,679
(16,730)
521,442
504,712		 2024
Total
funds
£
49,956
18,032
33,126
-
101,114
134,646
6,247
(27,285)
548,727
521,442

CONTINUING OPERATIONS

This statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities in both years.

Comparative figures for the previous year by fund type are shown in note 11.

The notes on pages 8 to 17 form part of these fi i l

Page 6

Glasgow Govan and Linthouse Parish Church of Scotland

Balance Sheet 31 December 2025

2025
Notes
£
FIXED ASSETS
Tangible assets
12
325,000
Investments
13
78,143
403,143
CURRENT ASSETS
Debtors
14
5,686
Cash at bank
98,673
104,359
CREDITORS
Amounts falling due within one year
15
(2,790)
NET CURRENT ASSETS
101,569
TOTAL ASSETS LESS CURRENT LIABILITIES
504,712
NET ASSETS
504,712
FUNDS
18
Unrestricted funds:
General fund
165,419
Restoration Fund
9,251
Fixed Asset - Manse
325,000
499,670
Restricted funds
5,042
TOTAL FUNDS
504,712
The financial statements were approved by the Trustees and authorised for issue on and wer
C3C70000-1724-92F4-98E5-08DEB2683162
15/05/2026		 2024
£
325,000
72,464
397,464
4,617
124,271
128,888
(4,910)
123,978
521,442
521,442
178,899
12,629
325,000
516,528
4,914
521,442
e signed o

The financial statements were approved by the Trustees and authorised for issue on ~~…~~ C3C70000-1724-92F4-98E5-08DEB2683162…….………… ~~…..,~~ and were signed on its behalf by:

~~............~~ C3C70000-1724-92F4-98BE-08DEB2683162................................. Elsie Donald - Trustee

~~.............~~ ................................ C3C70000-1724-92F4-98A7-08DEB2683162 Joy Faulkner - Trustee

The notes on pages 8 to 17 form part of these fi i l

Page 7

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements for the Year Ended 31 December 2025

1. ACCOUNTING POLICIES

General information

Govan and Linthouse Parish Church ("the charity") is a Scottish unincorporated association governed by the terms of the Quod Omnia Deed of Constitution. It was registered as a charity in Scotland (registered number SC004153) on 13 October 1982. Its registered address is 796 Govan Road, Glasgow, G51 2YL.

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention, modified to reflect the inclusion of investments at market value, and in accordance with applicable accounting standards, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Regulations anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2016.

The charity meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.

The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.

There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Page 8

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church and halls to which two shop units are attached, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.

The manse which is vested in local trustees is included at cost. No depreciation is provided on the manse as both any depreciation charge and accumulated depreciation are not considered material because the asset has a very long useful life and the estimated residual value is greater than the carrying value of the asset. The manse is subject to an annual impairment review.

Items costing less than £10,000 are not considered to be capital expenditure and so are charged as resources expended during the period.

Taxation

Glasgow Govan and Linthouse Parish Church of Scotland is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fabric fund expenditure

The maintenance and upkeep of the church buildings is managed by a Fabric Convener.

Repairs to the value of five hundred pounds can be authorised by the Convener. Repairs over this value must be presented at Church Session Meetings to be agreed. More than one quote should be requested where appropriate. Any emergencies will be dealt with immediately and approval obtained at a later stage.

Payment of small repair bills will be made from the General Fund. Payment of larger bills are settled by requesting transfer of funds from the capital held by the Church of Scotland Trustees in Edinburgh.

Investments

Investments held as fixed assets are stated at market value at the balance sheet date.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Donations - Freewill Offering
Donations - Open Plate
Donations - Standing Order
Donations - Weddings/Funerals
Donations - Zimbabwe		 2025
£
1,817
6,199
2,192
20,923
6,972
2,320
1,040
1,850
43,313		 2024
£
938
6,386
6,449
27,086
4,772
2,865
1,460
-
49,956

Page 9

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

3. OTHER TRADING ACTIVITIES

Clubs and events
Hires
Tearoom
4.
INVESTMENT INCOME
Rents received
Dividend Income
Bank Interest
5.
OTHER INCOME
Insurance claim		 2025
£
2,491
17,267
7,093
26,851
2025
£
24,996
1,533
4,403
30,932
2025
£
7,069		 2024
£
1,159
11,403
5,470
18,032
2024
£
24,996
1,534
6,596
33,126
2024
£
-

The insurance claim received during the year relates to a payout resulting from damage to the church roof caused by a storm.

6. CHARITABLE ACTIVITIES COSTS

Church and Community Activities
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Life & Work Magazine
Ministerial Expenses
Ministries & Mission Allocation
Presbytery Dues
Fabric Expenditure
Cleaning Materials
Projects
Staff Costs
Payroll Fees
Water Rates
Bank Charges
Professional Fees
Carried forward		 Direct
Costs (see
note 7)
£
129,074		 Support
costs (see
note 8)
£
1,500
2025
£
10,669
12,798
1,072
2,768
153
42
5,826
46,217
3,077
29,028
6,474
1,688
2,610
427
-
508
2,206
125,563		 Totals
£
130,574
2024
£
9,493
14,049
825
2,929
375
35
6,337
37,188
4,774
6,253
6,837
26,103
11,449
491
512
474
2,052
130,176

Page 10

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

7. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued

7.
DIRECT COSTS OF CHARITABLE ACTIVITIES - continued
Brought forward
Council Tax
Equipment
8.
SUPPORT COSTS
Preparation & Independent examination of accounts		 2025
£
125,563
2,829
682
129,074
2025
£
1,500		 2024
£
130,176
2,631
399
133,206
2024
£
1,440

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

During the year one trustee (the Minister) received reimbursement of expenses totaling £6,125 (2024: £5,640). These were for travel, Manse council tax and other running costs.

During the year a total of £10,644 (2024: £7,726) was donated to the congregation by Trustees.

10. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Church Organist
Facilities worker		 2025
£
2,610
2,610
2025
1
-
1		 2024
£
11,449
11,449
2024
1
1
2

No employees received emoluments in excess of £60,000.

All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund.

Page 11

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

10. STAFF COSTS - continued

Stipends are paid in accordance with the national stipend scale, which is related to years of service.

For the year under review the minimum stipend was £32,433 and the maximum stipend (in the fifth and subsequent years of service) was £39,856.

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
49,956
Other trading activities
18,032
Investment income
33,126
Total
101,114
EXPENDITURE ON
Charitable activities
Church and Community Activities
104,331
Net gains on investments
6,247
NET INCOME/(EXPENDITURE)
3,030
RECONCILIATION OF FUNDS
Total funds brought forward
513,498
TOTAL FUNDS CARRIED FORWARD
516,528
12.
TANGIBLE FIXED ASSETS
COST
At 1 January 2025 and 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024		 Restricted
funds
£
-
-
-
-
30,315
-
(30,315)
35,229
4,914		 Total
funds
£
49,956
18,032
33,126
101,114
134,646
6,247
(27,285)
548,727
521,442
Freehold
property
£
325,000
325,000
325,000

Page 12

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

13. FIXED ASSET INVESTMENTS

Market value at 1 January
Gain/(Loss) on Revaluation
Market value at 31 December
The following investments were held:
Church of Scotland Investors Trust Growth Fund
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued Income
GCVS Payroll Account
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
Deferred income		 2025
£
72,464
5,679
78,143
78,143
2025
£
5,333
353
5,686
2025
£
-
2,790
-
2,790		 2024
£
66,217
6,247		 2024
£
66,217
6,247
72,464
72,464
2024
£
4,227
390
4,617
2024
£
1,061
3,016
833
4,910
4,617
2024
£
1,061
3,016
833
4,910

Deferred income comprises rental income received in 2024 which Glasgow Govan and Linthouse Parish Church of Scotland was not entitled to until the following year.

At 1 January
Deferred in year
Released in year
At 31 December		 2025
£
833
(833)
-		 2024
£
-
833
-
833

16. LEASING AGREEMENTS

At the reporting end date the charity had outstanding commitments from its commercial tenants for future minimum lease receipts under non-cancellable operating leases, which fall due as follows:

Within one year
Between one and five years
In more than five years		 2025
£
25,000
84,583
131,250
240,833		 2024
£
25,000
94,583
146,250
265,833

Page 13

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
325,000
Investments
73,263
Current assets
104,197
Current liabilities
(2,790)
499,670		 Restricted
funds
£
-
4,880
162
-
5,042		 2025
Total
funds
£
325,000
78,143
104,359
(2,790)
504,712		 2024
Total
funds
£
325,000
72,464
128,888
(4,910)
521,442

Comparatives for analysis of net assets between funds

18.

Unrestricted
funds
£
Restricted
funds
£
Fixed assets
325,000
-
Investments
67,584
4,880
Current assets
128,854
34
Current liabilities
(4,910)
-
516,528
4,914
MOVEMENT IN FUNDS
At 1/1/25
£
Unrestricted funds
General fund
178,899
Restoration Fund
12,629
Fixed Asset - Manse
325,000
516,528
Restricted funds
Elders Fund
4,880
National Lottery
34
Zimbabwe
-
4,914
TOTAL FUNDS
521,442		 2024
Total
funds
£
325,000
72,464
128,888
(4,910)
521,442
Net
movement
in funds
£
(13,480)
(3,378)
-
(16,858)
-
(34)
162
128
(16,730)		 2023
Total
funds
£
325,000
66,217
158,830
(1,320)
548,727
At
31/12/25
£
165,419
9,251
325,000
499,670
4,880
-
162
5,042
504,712

Page 14

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restoration Fund
Restricted funds
National Lottery
Zimbabwe
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
105,568
(124,727 )
747
(4,125)
106,315
(128,852 )
-
(34)
1,850
(1,688)
1,850
(1,722)
108,165
(130,574 )		 Gains and
Movement
losses
in funds
£
£
5,679
(13,480)
-
(3,378)
5,679
(16,858)
-
(34)
-
162
-
128
5,679
(16,730)

Comparatives for movement in funds

Unrestricted funds
General fund
Restoration Fund
Fixed Asset - Manse
Restricted funds
Elders Fund
Legacy - McNab Carruthers
National Lottery
TOTAL FUNDS		 At 1/1/24
£
158,204
30,294
325,000
513,498
4,955
29,901
373
35,229
548,727		 Net
movement
in funds
£
20,579
(17,549)
-
3,030
(75)
(29,901)
(339)
(30,315)
(27,285)		 Transfers
between
funds
£
116
(116)
-
-
-
-
-
-
-		 At
31/12/24
£
178,899
12,629
325,000
516,528
4,880
-
34
4,914
521,442

Page 15

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 98,699 (84,367) 6,247 20,579
Restoration Fund 2,415 (19,964) - (17,549)
101,114 (104,331 ) 6,247 3,030
Restricted funds
Elders Fund - (75) - (75)
Legacy - McNab Carruthers - (29,901) - (29,901)
National Lottery - (339) - (339)
- (30,315) - (30,315)
TOTAL FUNDS 101,114 (134,646 ) 6,247 (27,285)

19. TRANSACTIONS WITH RELATED PARTIES INCLUDING TRUSTEES

There were no transactions with related parties, other than those described under note 9.

20. PURPOSES OF FUNDS

General Fund - The Unrestricted, 'free reserves' of the Charity.

Restoration Fund - A fund set up for the redevelopment of the Govan Cross Buildings.

Fixed Asset - Manse - This represents the Net Book Value of the Manse purchased in 2019.

Elders Fund - Set up for the future training and development of elders.

Legacy - Ms McNab Carruthers - Legacy given towards the running of the Church under condition the funds are not used for Fabric repairs.

National Lottery - Grant awarded towards the Church Warm Spaces Initiative. Also to hold a Community Film Festival.

Zimbabwe - Helping Hands is a church project in Zimbabwe that we are assisting due to a church connection. Funds are spend on food and other items as needed.

21. DONATIONS FOR CHARITY

During the year the Church held special collections and fundraising activities in support of other charitable causes and raised a total of £1,668 (2024: £824) as follows:

2025 2024
Charity £ £
Souper Sunday (COS AIDS Program) - 395
Harvest (Prince & Princes Trust) - 66
Lodging House Mission 75 50
Mulanje Mission Hospital - 212
Govan Pantry - 101
Water Aid 213 -
Christian Aid 150 -
Embrace the Middle East 126 -

Page 16

continued...

Glasgow Govan and Linthouse Parish Church of Scotland

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

21. DONATIONS FOR CHARITY - continued

Medicine San Frontiers
Queen Elizabeth University Hospital (Christmas)
Erskine Hospital		 70
680
354
1,668		 -
-
-
824

All funds were distributed by the year end.

22. FUNDS HELD BY GENERAL TRUSTEES

The sum of £72,039 (2024: £68,598) is held by the Church of Scotland General Trustees on behalf of the Govan and Linthouse Parish Church. It is invested with the Church of Scotland Investors Trust. This balance is not included within the balance sheet which forms part of these statutory financial statements.

This balance comprises the capital fund, the consolidated fabric fund and the temporary account.

Fund
Capital
Fabric - Revenue		 1 Jan 2025
£
45,725
22,873
68,598		 Incoming
£
Outgoing
£
-
-
4,281
(840)
4,281
(840)		 Transfers
£
31 Dec 2025
£
-
45,725

-
26,314

-
72,039

23. CONTRIBUTION OF VOLUNTEERS

Volunteers play a key part in the running of the church. Members of the congregation sit on the Finance, Energy (Utilities) & Pastoral Care Committees. A Fabric Convenor looks after the fabric of the church & halls arranging for repairs & maintenance visits to be carried out.

Volunteers give their time and efforts to the running the Girls Brigade Company. The weekly Saturday Community Tea-room which runs February to December is manned solely by volunteers from the congregation who provide home baking to sell.

A team of volunteers welcome worshippers on a Sunday morning & provide member of the congregation with refreshments after the morning service.

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