THE INCORPORATION OF GARDENERS
OF GLASGOW
)Tl
REPORT
and
SUIMIMARISED FI￿,AN1 CIAL STATEIMEfyTS
ST
FOR THE YEAR EINDED 31 MAY 2024

The lD¢orpor•¢ion of Cardeners of Gl*sgow
Contents
Page
Charity Inforn￿tIOll
Trustees, Anllual Report
Independeut Ex&miti&s Re￿Trrt
stsiement of Financlal Activities
Balance Sheet
Notes to the Financial Statements
EO-21

The IDcorporation of GardeDeT5 of G14sgow
Trnstees. Report
for the ye8r ended 31 May 2024
Charity Name:
The Intoryorxtiou tsf C*rdeners of GI*SEOW
Charity Registration
Number:
Trknst¢os:
Honorary Life Marters:
Trade5 House Repres¢nt*tiY¢s
Clerk
Principal Office:
Page I

Tbe Incorporjtion of Gardeners ofGl8sgow
Trustets, ADnual Report
for the year eDded 31 May 2024
Independent ExArniDer:
79 R¢tthewRoad
Paisley. PA3 4DA
lthv¢stmtnt Advisers:
EvclyTh PartllU5
130 St Vineeni Strt¢t
Gl&sgow
G2 5SE
Pag¢ 2

The IDcDrporntion olGardener5 of Glasgow
Trnste￿. Annual Report
for the year ended 31 May 21124
The Tn￿teeS present their report and the finallcial statements of the cb8rity for the year ended 31 May
2024.
The financial statements have been prepared in accordance with the accounting p)licies set out in note
to the financial ststements and compl> with the charity's Rules and Bye-taws, the Cimities and
Trustee tnvestmeni (Scoilat)d) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (&5
amended) and"Accounting and Rew)rtiDg by Cbarities: Staiement of Recommended Practice
applicable to charities preparillg their awounts ID accordance with th¢ Financial Reporting Standaxd
applicable in the UK and Republic of Irtland (FRS 102)" (as amended for accounttng periods
commencing from l Jaullary 2019).
OBJECTIVES AND ACTIVITIES
Since the abolition of certain exclusiv¢ trading privileges within the Burgb of Gl&sgow in 1846. the
objects of the Incorpordtioll have &ssumed an entirely benevolent character. These are primarily the
SUp￿rt of 1lldige￿ me￿berS alld the widows, orphans and children of M¢m￿TS. The IncOr￿ration
also pursues educational projects connected wrth horticulntre. In addition, under the heading of the.let
Gl&8gow Flourish" presentstIo￿ the Incotp(Trrdtion encourages. by way of awards, borticulbjre and
gardening displays by conmnercial bodies within the Cfftty of Gl&%gow.
AcH￿vEmE[*1fS AND PERFORMANCE
Lffte many of the tDcorpordtioDS who tnake up the 14 Trades of G1&5gow, we face an uncertoin firture
with our rnelnbership number5 an(L rnore imrrf)rralltty. with xtive members. so we are delighted by the
enthu5i&sTn and commitm¢nt of our re¢eni addition of )'oung Master Court membets. W¢ have seen the
fi]rther deY¢lopment of our w¢bsit¢
enersof las
ow.0
and the re-launch of our Facebook
page. We also added a new LiTWln presence and are hoping these social media plarfortns will reacb
out to our membership with news and encourdge young professionats intrrested in our Craft and its
charitsble works to join us. Th¢ Futures Group has been halt¢d for the past year as the fu]1 Master
Court have held di%ussions on p055ible vrnys io recrnit new m¢mbers an¢L more i￿portantly, those
interested in joining the M&st¢r CourL This yfdr saw the fJr5t time in our known bistory where the
Craft has no Collector. However, the Late Collector kiDdly Stepped in to assist the Deacon where
P9S517)1¢.
The essential purpose of our Craft is, of ¢ourse, for charitsble 8Dd benevolent purwjses including the
ongoing sllpport of our b¢neficiari¢s, who are now sadly reduced in numbers as we Struggle to identify
new candidates. We hav¢, howeY¢r, 5UPPOrted a number of worthy cause5 including a dortation of
£3,004 to the Teapot Trust for two benches for the new EIJLM'here Garden in the ￿0￿ndS of the Rosal
Hospital for Children. The Deacon with Deacon
and Hon. Life Master Ex-D¢acon
were delighted to attend the official opening in Ju￿e.
We continue to support students studying courses relating to horticulture with grants and supplies and
are excited io see the impact one newty laut)cbed project the City of Gla$8ow College will have
on the grounds around the House for an Art Lover in B¢llahouston Park in the coming years. In the
first instance, we will provide tools and on-site storage to allow swdents to gain hands 01] horticultural
skills, with the intention to continue ti) dei elop and eNpalld th¢ project in years to come. We a]50
provided £900 to 5UPPOrt PhD student￿a5 a travel grant for her sthdy trip to
Singapore and North Americ& We IIN)k fonvard to bearing more of her experiences when she r¢turns.
Page 3

Tbe Incorporation of G4rdeners ofGl*sgow
Trnstees. Annual RetM)rt
ror the year ended 31 May 2024
ACHIEVEMEfiTS AND PERFORMANCE (eont'd)
Our new focus ts to encourage the planting of trees and plants acTh)ss the cty 10 511pfM)rt our
disappearing pollinating itisects. To gain an iDsi¥)t inlo this ¢xtyemely important plan for
the Craft. the Deacon orgatiised a Metnber'5 Evening Juty, when we heard from a very
entertaining and tnf0t￿ative tealn associated with our frtends ID the Worshipfid Cornpanies
of Gardeners and Wax Cljandlers of Londor4 who are leading the Pollinating [￿ndOn
Together iniiiative. Following tbis event, some of the other Incorporations Trades House
have atready sbown all interest in particiwing in the initiative. with our Craft leading the
collaboration.
We have pledged io donate £3,000 over 18 months to SPODsora number of bee friendty
seed.bomb workshops for children and community groups around th¢ city, teaching thern
about field to table production of so much of the fO￿j we eaL
We continue to support the Glasgow Allotments ForunL with the D¢awn presenttng the
prizes to the new plot holders at their AGM
Our previ(￿$ donations aTe already sFtowitig b¢neffts to the local communities. such as the
beautiful floral displays of spriDg butbs seen wround the Maggie's Centre and the
irnprov¢Tn¢nt of the garden area in front of the Beatson Cancer Centre. Where possible.
plaques are being erected to acknowledge each donation made by the Incorporation, to let
people know about us and the difference we ar¢ making it) our city.
One of the highlights of our activities is the long-estsbli8hed t¢t Glasgow Flourith A￿7rdS,
which recogTris¢ the flordl displays of busine55es and public properties around th¢ ¢ity. We
were able to expand the areas covered again to cover more of the city. thanks to our
tncreL%e in volunteer numbers for 2023: including the then Collector of the Hous¢. The
turnout of prizewinners at the Award% Ceremony in Februarv is testament to the htgh
regard in which this con4)etition is held. With over 100 entries judged and tDore than 70
awards presented at the spring event: the overall winner of the Robertson Silver Spade w&8
announced for two neighbouring Properties in the same ownership and jointly responsible
for the colour￿l display5.' Meze Meze arLd Ust& The judging for the 2024 Awards ts well
unden¥ay, with even ]nore volunteeT5 joining including members of oth¢T Crafts, so the
postcode areas covered are gradually r¢tiuniDg Lowards the pre-covid 5iZ£.
FINANCIAL REVIEW
Results for the year
Per the Statement of Finallcial Acttvitic5 on Page 8, th¢ Incorporation reported Net kncome
(i.e. a Surplus) of £133,034 (2023 Defi¢it- £29.522) after unrealtsed gaius of £116.459 and
realised gains of £10,521. At 31 May 2024. the tncorporation had total fi￿d$ of
£1,782,384, otwhich £116,125 rel￿ed to Restricttd Funds whilst £1,650239 (93th/o) were
held In Inyesttllents.
P8g¢ 4

The In¢oTporatiokn of Gardeners ofGlasgow
Tr￿tets. ADnu*I Report
for tbe year eDded 31 May 2024
Reservu pollcy
The policy of the Trustees is to hold a level of investtDents in ordtr to generate a retslm sufficient to meet the
Incor￿ratIOn.s annual staff. nmning and gov¢rnan¢e costs.
There is also an Old Mejnbers. Fund which was origtnally constituted many yeaT% ago by a legacy frorn a lale
Member. The income 15 at the disw)sal of the Deacon for the distribution amongst friends and relatives ol
Mejnbers being in need by r&￿M of age. ill health. disability, fJnan¢ial hardship or other disadvantage.
Risk m*n*gement
The TnEStees have Identifi￿ and ¢onsidergJ the major strategi4 fitwKial and op¢ration risks to which the charity
is exposed and have establishtsj systerns to enable those risk5 to be mitigated.
Grant M&king policy
Grants are awarded at the discretion of the Trustees in accordance with the objectiV¢5 of the clwity.
Investmelll policy
The Trustees have the power to invest ID terrns of Rule 30. In the Equity and Fixed Interest portfolios of
the Generdl Fund and also in the Old Members. Fun(L the invesbDent objective is to maintain a balance between
Capital GrO￿th and Income with an emphasis on maintailliD8 or ￿hanCing the Cl￿rent income levels. The
Trustee5 engage the servi¢e5 of Evelyn Partner5 who odvised the Incorporation on their investments during the
accounling year.
STRUCTURE, GOVERNAf4cE AND MANAGEMENr
Govtrning doeumellt
About the year 1605, on an appli￿tiOn frofftn a number of prathical gardeners, the original Charter of the
tncorwraiion was grdnied by the Lord Provosi Magistrates and Council of the Royal BuJEh of Glasgow.
conferring rights and privileges stmilar to those grdnted to other Incorwrations. This Charter was lost in l(A6,
and a new Charter was not obtained until 1690. The present Rules and Bye-Laws were adopted at vaxious
meetings of the Incorporation comrnencing on 24 Jut* 1902. The IncortK)fdtion is a recognised S¢ottisb
charity, No. SC0004606.
Tryste¢s
The Trustee5 serving during the year and sitKe the Y￿ end are detailed on page l.
Appointm¢nt of Trnstees
Each yeax the Deaco￿ is entitled to appotnt a Trustee (the Deacon's Master) in temis of the Rules and Bye-Laws.
Such Master ts eligible for subswuent electioll by the Incor￿ratiO￿ again in iems of the Rules and Bye-Laws.
The appointment of othtr Tnt5tees is through electioll by the Incorporation &s aforesaid New Trustees undergo
illstruction to brief them of their legal obligatiOELS under charity law.
OTg&ni5alioDAI strnctu
The affairs of the Incorpordtion are malla8￿ by the Trustees with duties being delegated to the Clerk and Deputy
Clerk. Th¢ Tn￿CeS meet quarterly.
Pag¢ 5

The IncorpDratioD of Gardeners of Glasgow
Tr￿steeS. Report
ror the year ended 31 Mgy 2024
Key MgnagetneDt PersonD¢I
Given their involveffleut &% described above. the Tr￿SteeS coD5idei thetDselves &s the cRTrarity's key manag¢ment
persomiel, in charge of directing at￿ controlling the charity and over5eeÈng its daily activitie5. Ail Trugtees give
of their time freely and no Tr￿stee remuttetation Wd5 paid in the year. Detai]5 of Trustees, expenses and related
paty transactions are disclosed in Notes 17 atml 19.
This Report w&8 approved bv the T￿￿eeS on 21 AuEust 2024 and siened OT¥ their behalf by..
DeacoTh'Trustee
Late Collector Tr￿lee

The Jneorporation of Gardeners of Glasgo
Independent Ex8miner'$ Report to th¢ Tn￿ of The Incorpor•tion ofG*rdeneT5 of Glasgow
I reFX)rt on the flljancial Statements of The In¢oTWThtion of Gardeners of Gl&%gow forthe year ended 31 May
2024 which are set out on pages 8 to 21.
Respective respoBsibili¢ies of Trustees and ExamiDer
'The cTrwity's Trustees are responsible for the prq)aratioll of the fqwjcial statements in accord8mce with the
temis of the Charities and Trustee Investment (Scoiland) Act 2005 and the Ch￿ille5 Accoullts (Sc4)tland)
Regulations 2006 (as amended). The charity's Tr￿￿ee5 consider that the audit requirement of Regulation
10(l) (a) to {¢) of the 2006 Ac¢oullts regulations does not appty. It is my ￿SponSIbIlIty to examine the
fJnan¢ial sthtements as requitrd Under Section 44(IMc) of theAct attd to state Mth¢ther particularmatt¢rs have
come to rny attention.
Basis of Independent ExatniDer's Statement
My examination is carried OLrt in accordance with Regulatlon 11 of the 2006 Accounts Regulations. An
examination includ¢5 a review of the accoulltiug records kept by the charity alld a comparison of the fi[￿)CIal
statements presented with those record& It ￿$0 includes con5iderntion of any unusual iterns or dI￿lOsUre5 in
the f￿￿)Cial ststements and seeks exp]anations from the Trustee5 concerning any such matters.
procedures undertoken do not provide all the evidence that would be require in an alldi¢ and consequentty I
do not express and audit opinion on the view ￿Vell by the financial ststements.
IDdepeDdent ExgrniDeT'S Statem¢nt
cot]nection with exa￿]natiO￿ not rnatter ljas come ￿ tny attention..
(a) which gives me r¢&50nabl¢ caus¢ to believe that in aDy Materi￿ respect the requirements..
fo keep accounting records in accordance with Section 44(IXa) of the 2005 Act and Regulation
4 of the 2(X)6 Ac¢ounts Regulations. aDd
to prepare f￿ancial statements which accord with the accounting records and comply with
Regulation 8 of the 20(hSAccounts Regulations
have not been meL or
(b) to which. in my opinioo attention should be drawn in order to amble a prop¢r understandiTrg of the
financial s
Ils ro be reachcd.
liLTi¢ Lraig
Chartered Ac£ountan
Abercorn House.
79 Renfr¢w Ro4iL
Paisley.
PA3 4DA
Date:
li AQ6vgy 104
Page 7

The Ine0rporntiD￿ ofG*rdeners ofGlasgow
StsteThent of Financial Aetivtties
lor the ye4r ended 31 May 2024
UDre5trictrd Full
Rtstricted
2024
2023
General
Dt5igTh•ted
Funds
Totsl
Totsl
Notes
Income from:
Donations
3,285
49.513
3.285
55.(M)I
52,019
54,477
Invest]n¢nt Jncome
i.(rf>I
3.887
Totsl Intome
52.VJ8
3087
58,286
106,496
EKp¢lldityre on:
Investment rtw]ag¢tncnt¢05ts
Charitsble activities
{1689)
144.833)
(2.689)
149.5431
(3.0601
138,6461
{5(M)I
14.210)
Total Expenditsre
147J22)
{5ty))
14310}
152332)
(41,706)
Net Incotlltl(Expenditure)
before gatlls and (losw)
011 Lijvestments
5,276
i.ioi
{323}
6.054
64,789
Gains and losses on itLV¢Stmeut ass¢ts
Re￿iSed gainslllosse51
Ullr¢alis¢d gaIn￿(lO$s￿}
10.521
114.169
10.521
116.459
6,258
11(10.569}
io
1.805
Total gainsllo&w on inve5tfft¢nl 4&*ts
124,690
1,805
485
126.980
194,3111
IDcomel(Eipendithrel moYem¢Dt itt
J29J66
162
133.034
129,5221
Reconciliation of Fuod$
Total Futtds brought forward
1,495.842
37.S45
115,963
1.649.350
1,618,872
Totsl Fullds Carried forward
1ffj25J118
4(IAS1
J 16,125
1,782J84
1,649JSO
The Notes on p•g¢s 10 to 21 form 80 inte￿￿ ￿ ofth¢s¢ finan¢iaJ sthtth)¢t
Page 8

The IlltorpDration ofG•rdeners olGl&sgow
Bal•Dre Sbeet
for the year ended 31 May 2024
2024
2023
Notr
Fixed Asxts
Tangible Assets
4.520
1.525.062
1.650239
1.651,￿9
1529J82
Cvrrent Assets
StocL
219
Debtors
12
1.748
4.248
127.751
5.014
5,563
115,403
Cash held by Investtmt Mgnagers
Cash at bank and ill hand
133,747
12&199
Liabilities
Creditors.'amounts falliug
due within one y&
13
{3,IN)2)
16.431)
Net Current knets
130.745
119,768
Nel Assets
1.782J84
1,649JSII
Tht Funds of the Cbarity
un￿stri￿¢￿ Fund5
G¢tterni Funds
J5
.625.808
40,451
I 16.125
1.495.842
37,545
115,963
Desi￿ated Fun
Restricted Fund5
15
16
Totst Charity Fu]
1,782384
1.649JSO
The f￿2￿¢1￿1 ststemellts were Wwved and authorised for ISS￿ by the Tr￿ on.......................... 2024 ond
$i￿¢d on their be￿f by".
Dtitoni I"ru$ie¢
te Lolle¢lori I ru$*t
The Notr5 on 10 to 21 foTm an integraj part of the5c fllwiciai statrments
Page 9

The Incorpora¢iDn of CardeDeT5 of Glasgow
Note5 to the Financi41 Statements
for the ye8r ended 31 May 2024
Accountlng policies
Statutory Information
IncorFM)ration of Gardeners of Gl&8gow is a Scottish registered Charity (No. SC(XMH606). The registered
office address (and principal address) is Hamijton House, 70 Hamilton Drive. Glasgow. G12 8DR.
1.1 Aecountlng eonyention
The fmallcial ststen)ents have been prepared in accordallce with the charity's Rules and By¢-Laws, the
Charities and Tntstee Investment {Scotland) Act 2(M)5, the Charities Ac£ounrs (Scotland) Regulations 2(M)6
{as amended and"Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable
to charities preparing thetr accounts in accordance with the Financiai Reporting Sthndard appli¢able in tbe
UK alld Republic of Ireland (FRS 102}" (as amended for a¢counting perio(Ls conlllleDcing from l January
2019). The dwity ts a Public Benefit Entity a5 defin¢d by FRS 102.
The fmancial statements are prepared it) sterlin& wbich is the functional currncy of the charity. Monetary
amount% in the financial statelllellts are rounded to the DeaTrst £.
Th¢ financial statements are wepared ullder the historical cost conventioll with iterns recognised at cost or
transaclioD value unless otheTWi5¢ StAted ill the relevant Notes to these finallciAI statements.
1.2 Going Concern
At the tÈme of approving the financial statements, the Tn￿ have a re&8onable exI￿CtatIon that the
charity adcqllate resources to u)ntitiue iti operdtTrOD existeDce for the foreseeable fllt￿¢. Thus the
Trustee5 continue to adopt the going concern basis of accounting in preparing the fiDancial statements. The
TTUStees eollsider there are no material uDcertainties alxTrut the clwity's ability (o conttnue as a going
con¢¢rn.
1.3 Fund accounting
Fund$ are Cla￿lfied as either restricted funds orunrestricted fimd% defilled &5 follows.
Un restricted fimds are expendable at the discretion of the Tnjstees in fi￿￿trance of the objects of the
charity. If parts of the unrestricted fvnds are eannarked at the discretion of the Tn]stees for a particular
purpose, they are designated as a separaTr fund. This desigttation has an athninistrntive pUt]￿e only and
does not legally restrict the Trustres. di￿]0￿ to apply the fijnd.
Restricted funds a￿ funds subject to sp￿IfiC requÈrements as to their tLse wbicb may b¢ declared by the
donor or with their authority or Creat￿ through legal processe& but still witbin the wider obj¢cts of the
charity.
1.4 Ineome
All income is recogllised once the dtarity has entit]ement to the income. it is probable that the iDwme will
be received and the arno￿1 of income TK¢ivabl¢ can be measure reliably.
1.5 DonatioDs
Donations are recognised when the charity has evidence of entitlejnenl to the gift, receipt is probable and its
amount ¢an be Measured reliably. Entitlement usually aTises imrnediate upon r￿lpE however, in the event
that a donatioD is subject to conditiolls that require a level of r£rfornJan¢e before the charity is entitle to tbe
fitnds, the ￿Colne is deferred alld noirecogDised t￿tIl eitber those condition5 are fully m¢L or th¢ fulfilment
of those conditions is wholly with the control of the cFwity aDd it 15 probable that those ￿ndItiOnS will be
fu]filled in the reporting period.
Page 10

The lAheorpornlioTh of Gardeners of Glasgow
Notes to the Fin#Deial Statements
for the year eBded 31 May 2024
1.6 Other Trading Aetivities
Incojne from other trading activities includts income earned from Ixith trading adivities to rdise fi]nds for
the clwity and ineome from fisndr8ising events and is recognised when the charity has entitlement to the
fimds, it is probable that these will be reCeiv￿j and tbe amoullts eall be measure reliably.
1.7 I￿veStment Income
Interest on funds held on deposit is included Mthen receivable and the arnount can be measur¢ reliably by
the charity. this is nornialty UEK)n noiification of the interest paid or pa}'able by the baT]k.
Dividends are recognised when the sharebolder's rtght to receive paynent is establithed. measure at the
fair value r￿e1vable. Generally this is upon notification by the investtllent advisor once the dividend has
been d￿jared.
1.8 EipeDditure
Liabilities are recogoised as expenditure &8 soon LS there is a legal or constructive obligation committing
the charity to that e￿nditure, it ig Probable that settlemeni will be required and the amount of the
obligation Can be measured or estimated r¢liably.
Liabilities are measured on recognition at historical o)st alld then subsequentty m¢a5wed at the best
e5tirnate of the amount required to settle the obligation at the reporting dare. The exception is that c£rtai
financial illstrumenis MUA be adjusted to their present value" these include financial liabilitie5 where
settlement is deferred for more than 12 months after the reEKJrting dat¢.
All expenditur¢ is wwunt for on all ac¢Tuals basis. All exFenses including support costs and governance
costs are allocated or apportioned to th¢ applicable expenditure headings.
1.9 lttvestment Management Costs
Expenditure on raising fimds includes all expenditure incurred by a clwity to rnise fi]nd5 for its charitable
PUTp0se5. It includes the tosts of all fundrdisxng activities and events iogether with those costs incurred
in seeking donations, grants and legacits and investtllent Enanagernent C05ts.
1.10 Ch*ritsbk Activities
Expenditure on charitsble activities includes all costs Incu￿ed by the charity in undertaking Activrtie5 that
rther its charitable aims for the benefit of its beneficiaries, including those support Colts and ¢ostS
relating to the governance of the charity aprortiolled to the ehariiAble activities. The costs of charitable
artiviiies presented in the Ststelnent of Finan¢ial Activities includes the costs of tM)th direct service
provision and the payments of granl awards if applicable.
1.11 GrAnt Expenditu
Grdnts payablc are tuade to thrd parties in the further8￿￿ of the dwitable objects. The award of a ￿an1
is recognised as a liability (Trnlywhen the criteriti for a con5trurtiv¢ obligation aTe mel payment is probable,
t ean be Jneasure reliably a[￿ there are llot wllditions attathing to its payment that litnit recognition.
In the case of am unconditional grant offer. this is a¢¢rned onc¢ the re¢ipient h&s been notified of the grdmt
award. The nOtifiC￿lon gives the recipient a reasonable expe£tation that they will receive the one-year or
multi-year grdnl. GraLt awards that are subject to the recfftpient fulfilltng perfornallce condition% are only
accruedwhen the r¢cipient has been notified of the grant and any mainillg unfulfilled condition attaching
to that grant is outside of the wntrol of th¢ ¢harity.
1.12 Governance costs
Govemance costs (which are iticluded &$ a compinent of support costs in accordance with SORP}
eomprise au c4)sts involving the publi¢ xccountability of the ¢h2rity and its compliance with regulation
and good prnctiee. These costs include those related to constitutional and statutory require]nents. external
scrntiny (audit or independent examination), strategic managemenL and other legal and professional fees.

The In¢oTPOrntion of GardeDers of Glasgow
Notes to the Finallcial Statements
for the year eDded 31 M4y 2024
1.13 Irreeoverable VAT
Irrecoverable VAT is charged against the expenditure he*liDg for wbich it w&5 inwrr
1.14 Capital Expenditure
Fixed assets (excluding investments) ar¢ *ated at cost less accumulated deprecixtion. The costs of
minor additions or those costing below £l,(KK) are not capitalised.
1.15 Mtdab and Ch8iDS etc
Medals and Chains etc are included at cost. It ts the policy of the JncoryxTrration not to depreciate these
assets a5 the Trusiees consider that their residual value d0¢5 Ilot fa]1 below the cost value included
within the financial statements.
1.16 Fixed asset inV¢5tments
tnvestments are a forni of basic financial instrument and are initial]y recognised at their transaction
value and subs¢quently measured at their fair value &% at the ba]an￿ sheet date using the closing quoted
market va]ue. The Staternent of Financial Activitie5 includes the net gatns and losses ￿l$ing on
revaluation and disrA)sa]s throllghi)ut the year. Fair valu¢ is deemed to be mthei value.
1.17 Stoek
Stock ffts valued at the lower of c051 and Teali5abl¢ vah￿.
1.18 Cash at ballk and in hand
Cash at bank and cash in hand inckndes and short temi highly liquid investments which a short
maturity of three months or less from the date of acquisition or opening of the dqx)sit or similar
a¢¢ouni.
1.19 Fin8llcial illstruments
The charity h&g elected to apply the provtsi¢)ns of Sedion I I 'Basic FiEWtcial Insmiments, and Section
12 '0ther Financial tnstruments l&sues' of FRS L02 to all of its fmancial instrutnents.
Financial instwments are recognised in the charity's balallce shed when the cl)arity becomes party io
the contractual provisiolls of the instsumenL
Fitiancial assets and liabilities are offsel with the net atnout)ts presented iti the financial statements,
when there is a legally enforceable right to set off the reco8Dis￿ atnounts and there 15 an ititention to
settle on a net basis or to reali5e the &¥set attd settle the liability simuhaneously.
B&sic]7n&Me1ala￿£ts
Basic f￿a￿CIal assets. which include debtors and c&sh and bank balance5, are initially measured at
trdnsaction price iticluding transaction ¢05ts and are subsequently Carri￿ at amortised cost using the
effective interest method unless the &rrAngement constitutes a financing tran5actton, ￿'here the
transaction 15 reassured at the present vaiue of the future receipts dis¢owJted at a market rate of interest.
Financial &%sets classified as receivable within one year are not amorti5
P88e12

Tbe 1￿corporatIOn of GardeneTS of Glasgow
Notes to th¢ Fin*nci81 Statements
for ihe year ended 31 Msy 2024
J.1.19 Fitt¥Jttial instruments Icontd)
Bfislt fingntjAI liabilities
Basic fittanctal ]iabilitie& incllldtThg creditor$ 8thd bank loa￿ are iDitia]ly r#o￿lS¢d at tran5ac£ion price
unltS5 the arrnJg¢meDt constitutes a fir￿￿181 tranS￿tIo]L where the debt instrumeln is 8t
the present value of the fubjre discoun￿￿ at of iDteresL Fin8nciaJ liwbiliti¢5 classified
payable withill oneyearare noi amortised
Debt in5tnun¢nts are subwu¢ntJy Carri￿ at au10￿ C￿ using the effectivc interest rate method.
Trade ereditors are obliged to pay for gr#￿ts orservi¢es thathave been aquired in the ordtnary course
of opetttions frottj Supplie￿ Amounts payable cl&ssthed &% current liabilities if pa)rynent is due
thin on¢ year or l¢¥. If llOL they are prescDted &% Don-curreoi lizbilitie& TTwJe creditors are recoEDxsed
initially at trdnsaction price and gJbsequcThtly Me￿Ie ￿ atsKTr￿sed c05t usinglkn eff￿ve srtterest rtthod.
Dtrecognition of fi￿1￿¢111 liabiliti
Financial liabilities are derec0￿)1sed the charity's ¢￿tr￿tUal obligation5 Lyire or8r¢ diwharg¢d
or canc¢lle
DoN#tions
2024
2023
Legacy from Ex Deacon Stnail's Estate
Horti¢ultural ContnbutiorLS (Donattons)
50,000
2,019
3285
3385
52,019
Investment llleome
2024
2023
Dividends and interest received on Gifts
55,001
54,477
55,001
54,477
tnvestThent Management Costs
2024
2023
Investment Advisers, Fees
2.689
3,060
2.689
3,060
Pw13

Th¢ IneoryorntioD ofG*rdentrs of GlasgtsTV
Notes to the fin#nfi81 Ststemtnts
for tbe ye8r ¢nd¢d 31 .May 2024
Costs of rharitsblc kdivities
2024
2023
Grant4 gifts pri￿ and oth¢r awwdsiN¢)t¢6)
Running LM)sts
Wrbsite costs
Trades House ofGlww Tn￿eX
Tndes House. Share of Sccia] Workevs Sakny
Bwkk¢eping Servi￿S. ￿ld to Soli¢it(K5
19.674
113(
535
10,651
7.396
1.528
2.936
710
3.156
820
2.4(H)
1134
Governgni%costs:
PTof¢55ioNal S¢DI(rs
5.5(M)
1.8(K)
12(M)
1.826
1200
Exvmit*s F¢¢
Tothl ExpeDditure
49J
38,646
Grants aDd gifts
2024
2023
Analysis a8 follows:
IndividMAIs
Grants
4210
4210
hÉrgrnnts éndtNtwd5.'
Craftex
2.5ts)
720
International Ros¢ Trials
TTth House SdKK>l cor￿ltIOn
Glasgow Allotment Fonun Aw8rds
DaTniey Prim￿ Sch(K)I
KdvilldaJ¢GaTd
130
Friends of GRI
Friends of Ashton
346
Tew Trust
3.403
GAF
130
B¢atbon c.wttr Charity
2.685
5(K)
T7IL Ch11drtn'8 ll'ood
l5.464
751
19h74
10ffj51
The gTants paid to i]Jdividua]s totsUin8 £4.210 (&sabov¢l wmryiseof8tantsof £4.150 ￿da lunch grant of £60.
An analysis of paid and rAyabk is wvitsl iDNo* 18.
P¥14

The Incorporation of Gardener5 of Gl•sgo
Notes to Ihe Financial Statements
for the year ended 31 May 2024
Ind¢peDdeDt Etsmkntr's Remuneratlo
2024
2023
Accoujktancy
Independent Examinatio
1.81X)
12(M)
1.826
1.2(Kl
3,026
8 Net Incomel(expeDditsre} for the year
2024
2023
Net IDcomel(expenditure) is ststed after (kngl￿
Independent Examinerfs Fee
1.2
1.200
P¥15

The Incorpor*tioTr of Gardellers ofGla5gow
Notes to the FinaDeial Ststrments
for the year ended 31 May 2024
TAn&￿bIe fiied assets
Medals &
Tot*1
Chains etL
Cost
At 31 May 2023
4.520
4,520
At 31 May 2024
Net book Values
At 31 May 2023
4.520
4.520
At 31 May 2024
1,4(K)
Th¢ llKdai$ and ChaiJJ$ rf¢ wrise th¢ following:
Latc Deacon's Medal
7(K)
Meda]
7(M)
1.4(KJ
The tate Dexoll Medal1&8 above) has b¢¢n lo￿￿ in
P￿deceSS0r in offJceA &$ his reqtKst from Scptanber 2015.
The charity holds a number of other it¢ms {medaJs silver s￿ver5 dc) whith donatrd over DMThy years.
Th¢ origitiai cost of these items is not recognised atrf)ve.
10 Fixed 9&8et investments
Total
Totsl
2024
2023
Fair vxlue {market v$lv¢)
At 31 May 2023
Addition5
I.525.￿2
270.504
(272.306}
26.980
1.597.307
124.761
(96.43n
11(K).569)
Disposals
Revaluations
At 31 May 2024
1,6XIJ40
J J25,062
HiBtoric Cost
At 31 May 2024
.337.822
.358.185
P4e 16

The Ineorporatiott of G*rdeners of Glasgow
Notes to the Financi*l Ststements
for the year ended 31 Ma)" 2024
11 An8ly5is of investtllettts
2024
2023
Investments in the U.K.
1.650239
1.525,062
1,6SO.239
lJ25,062
Material investmeTh¢ holdings
2024
2023
The following holthngs represent Anore than 5 % of the value of the
chariWs total investments:
4.1250/0 Treasury Stock 2030
85.480
83.677
12 Debtorg
2024
2023
Prepayments and accrued income
1.748
5.014
1.748
5.014
13 Credltors: amounts falling due
within one year
2024
2023
A£¢n￿lS
3,002
6,431
3,002
6,431
Pa8e 17

The Incor￿vati￿ ofGardellers ofGI•*ow
Nott5 to tbr FiDallcial Sr*ttTht•ts
for thtyur ￿ded31 M•y 21n4
14 ofNet A•Jetsbe¢wewJ l•lld•
F•Nds
Fundb￿an￿£S ￿31 Mry2024 &%ry¢xrrt¢dty.
T2tt8ibl¢ fixwj
I JW.949
42,751
[3.￿2)
33205
7.745
J7.085
83251
i.W239
133.747
I4￿)
Current li4bili*ie4
At31 ￿Y1014
12OJ36
1,7W84
Total
Fll
Fu￿d 31 May 2023 05
Tan81biefiX¢da￿ts
520
l)71 J54
126.199
{6.431)
37545
115.963
152S062
J2&199
IA431)
Cvrr¢nt b8bilit￿5
At31￿y2
14YY12
37J45
IiS963
1.049J
IS Ullrutrirtedfutt
Eipe*dhrtl
TT¥JyIErn
iJrtt
31 M•y'24
ernl N¥Ddy
Gtt*ral Purywe Rewve F
cyt￿ Fulld
52.Tr1
{47,522}
(B7￿)
211.£rfM
124ts89
lJ67.956
1.495.843
147.$221
Ih2S808
Reserve FtllKI
C￿lt￿l
144
7J45
33.2
151
31.401
37.545
I.￿5
1.805
I,fd)i
15(X))
IWJJ88
S4J99
14W21
IW94
1.6f4259
xprAdiEllr
l J*beryZ
Tf*•br
JI MAY'I)
Gower•l
68.078
1.453J69
1523.447
141.7f
117.587
JO67956
1,49S843
CaptsiFuDd
141,7Q6}
D*ut¢d Fuod5
Rexrv¢ Fyud
Ckpithl F￿
lJ74
6,144
31.40t
37,M5
33.167
37.rJ7
1.574
{1.?￿)
iJ61.184
14aWiI
189.1791
IJ33J88

The IDtoryor*tioD ofG¥TdeDers of Gl*sgoTV
T4otes to the Financial Stateth¢uts
for th¢ year ¢Dded 31 May 2024
I& UDrestrl¢ted fvDds l¢ontiniedl
PurpDye of Gtnernl Fllnds
GeNerOI￿rPOseR¢StThy
C&pltolF#nd
The capit￿ F￿d represents the markel vah* ofillvtstrllets by AnyKauksorl(w* ￿lsU)8 ￿ the i]Jvesttn¢nts
Purpose of De5igDaled Funds
TreAKdrew. CoJtntMLVillon Sctholorship Fmnd
The Anthw, Count Mcmillall S¢hoi*sknp FuDd represents fitykd5 desiwed bythe Ttust¢¢5 Thards tyjucational award.
The Fund w&$ estsblished irt nKmory of the late Anthew. Cowjt whO￿fted a £30.(th legAcy in his to the tharity
l& Rtstrictrd Fulld5
EIptllditprtJ IllvethHeDt
Transfers
J Jwlle'll
31 M¥y'24
Old Meokn. Fund
115.963
3.887
14.2101
485
115.963
14210
116.125
kncollKI
EIptndit•rtJ Investmetyt
TrAn5fers
TrnDsfers
31 MAY'23
Old mellthe￿, Fuud
117.688
3.407
15,l321
115,963
117,68B
3,407
15,1321
115.963
Purpos¢ of Rtstricted FuDd$
Old Membets,
The Old Membets, F￿d represents the FuDds are at the dig)osai ofthe De*tsn for distnThuknoll fnojth tyrelatives of
Members b¢ing in ntt41 by T¢&SQll of agq ai heal￿ disabibty. ￿&]￿8[ hardship o[0th￿ dis*I￿lf38e.
17. Trtystees. R¢rnuDeratioD 2nd expenst5
Py19

Th¢ ImeorpDratioD of Gardeners of G]#sgo
Noles to the FI￿•£2*1 Stst¢m¥￿ts
for tht year eDded 31 MAY 2024
l& Allatysig ofGrAnts
PAy*ble
01.0623
P*id ill
Pxyable
31.05.24
ytsr
2024
2023
4.210
4.210
Othergrants:
Craftex
2,500
720
Jnr¢rnatiot￿I Ros¢ Tria]5
Trad&s Hous¢. fjLgsgow
fj18sgow Allottn¢DI Forutll Aw
DanJl¢y Prillw Sthwl
Frietth of GRI
500
130
901
Friends of Ashton
346
346
Teapot Ttwt
Sthdy CQr¢Lm￿ty DEv¢lopma
3.403
3.403
2.0(M)
130
130
BeatsLTrn C'ancer Lhat]I
2,685
5(X)
5(Kl
ThL I'hildren'.$ 11."Ix)d
3,000
Kelv￿￿81¢ Gard￿$
{2.tix))
2.(K)O
17,464
15.464
6,751
12JMKII
21.674
19,674
10,651
Nole 6
Noie 6
19. R¢knt¢d P¥ry Trallsact￿$
20. FIMneial InstThNeDts
2024
2011
Carrying 8rnOllDtorrininci*l
FIn￿cIal Acllviues
),650,239
,525,062

The JTrtoryor*tion of G*rd¢a¢rs Of Gl*sgo
Notss to the Fin*neI￿ St*temtDts
for tbt yt*r ended 31 MAY 2024
21. St4t¢mtllt of FiD*nciaJ Adivitsesfor tht ye*reDdtd 31 May 2011
2023
Fund*
Total
IDcome froJtt-
52,019
49,496
$2.019
$4.477
1.574
Tothl Income
1374
I￿,496
Expenditure DD..
(3,0601
138.646)
13,0601
138,6461
ChaTitsble a¢EiVititt%
Total E3p¢•dil¥r¢
{41.7061
141.7061
ItttomeJffxptndStDrel
brfort I#1￿¥ and Ikwsl
ott illYestmeDts
59
lJ74
3,407
R￿JiSed ga￿￿(10s5¢5)
Unfe￿Ised gall￿{]0&5￿)
6,258
(93.6711
6258
io
{1.7661
15.132)
187.413)
11.766)
194Jll
Net In￿￿¢ before tra]tsfers
(27,6041
11921
11.7251
129522)
Rteollcili&tN)n of FU￿d8
Tothl brought fOr%￿d
1.523,447
37,737
117,688
1ffj7&872
Totsl FllDds C*rritd forw*rd
1.495W3
37545
115,963
1,649J50
Pa8e 21