REGISTERED CHARITY NUMBER: SC006642
Mr. A. Murray Honorary Treasurer 8 Richmond Avenue Clarkston Glasgow G76 7JL
Tel: 0141 638 5378
Mrs. A. Rankin Honorary Secretary 46 Kingsheath Ave. Rutherglen Glasgow G73 2DE
Tel: 0141 649 3219
~~Report of the Trustees and~~ Financial Statements For The Year Ended 31 December 2025
~~for The Galloway Association of Glasgow~~
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Patron: The Earl of Stair
Robb Ferguson Chartered Accountants Regent Court 70 West Regent Street Glasgow G2 2QZ
~~The Galloway Association of Glasgow~~ Contents of the Financial Statements ~~For The Year Ended 31 December 2025~~
| Page | |
|---|---|
| Report ofthe Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Receipts and Payments | 5 |
| Statement of Balances | 6 |
| NotestotheFinancialStatements | 7to9 |
~~The Galloway Association of Glasgow Report of the Trustees~~ 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 Accountings 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 01 January 2015.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC006642
Principal address c/o Andy Murray Honorary Treasurer 8 Richmond Avenue Clarkston Glasgow G76 7JL
The Earl of Stair Mr Huntly Gordon Mr Sandy Rankin
Patron Honorary President (appointed 15" September 2025) Honorary President (appointed 15" September 2025)
Trustees
Mr Angus E Rex Mr Bill Hewitt Mr George Gillespie Mrs Anne Rankin Mr Andy Murray Mrs Anne George Mrs Sara Matchett Mr Sandy Rankin Mr Bill Leeming
President
Vice President Vice Immediate Past President Honorary Secretary Honorary Treasurer Director (r ~~e-~~ election AGM 2026) Director (r ~~e-~~ election AGM 2027) Director (resigned 16" June 2025) Director (Co ~~-~~ opted 25" September 2025)
Independent examiner Solicitor A E Logan AJ & A Graham Robb Ferguson Chartered Accountants 110 West George Street Regent Court Glasgow 70 West Regent Street G2 1QA Glasgow G2 2QZ
Bankers Bank of Scotland 244 Ayr Road Newton Mearns Glasgow G77 6AA
Investment Managers Rathbone Investment Management George House 50 George Square Glasgow G2 1EH
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~~The Galloway Association of Glasgow Report of the Trustees~~ For The Year Ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Galloway Association of Glasgow was formally constituted as the Glasgow Galloway Brotherly Society on 22 August 1791. It was reconstituted in its present form on 29 January 1940 and amended on 1 November 1997, 8 January 2007, 5 March 2011, 19 May 2013 and 26 March 2022 whena revised Constitution and Rules were adopted.
The Association is governed by the Constitution and Rules and its management is the responsibility of the council of Directors who are elected under its terms. A list of Directors and office bearers can be found on page 1.
Risk management
Risk review is an ongoing important item for the council of Directors, identifying the many risks the charity faces and recording responses and actions to control these risks.
Risk management is part of an ongoing programme during which this review process will be periodically examined in line with the type of risks identified to ensure the process still meets the needs of the charity.
OBJECTIVES AND ACTIVITIES
Objectives of the association
The objects as laid down in the revised Constitution are:
-
(a) in affording relief to members of the association and the dependants who, by reason of old age, illness or distress of circumstances are in need of assistance, and
-
(b) aiding charitable or benevolent or educational purposes associated with Galloway
-
Maintaining and extending a love for and an interest in Galloway.
Principal activities and achievements
The Association continues to distribute funds as and when requested by various organizations and individuals in the Galloway and Glasgow district.
1. Membership
Subscription income shows 80 (2024: 84) individuals contributed during the year.
2. Meetings
Prior to the virtual Annual General Meeting on 12th March 2025 Association Member Elaine Barton who was guest speaker for the evening gave a talk entitled "The MV Princess Victoria Disaster 31 January 1953". Elaine guided the meeting through the dreadful events of that day which resulted in the loss of 138 lives with only 44 survivors.
On Friday 9° May, The Ship Inn Gatehouse of Fleet hosted the Association's Annual Spring Outing when fift ~~y-~~ five members, friends and guests gathered to enjoy an afternoon of general socialising and entertainment. Prior to afternoon tea being served a musical interlude was provided by a few members of the Gatehouse Music Society which was much enjoyed by those members attending. To round off the afternoon some members made their way to a nearby park where they were treated to a short demonstration by three members of the Galloway Mountain Rescue Team of two of their search drones one of which the Association had part funded.
President Angus Rex welcomed 46 members, friends and guests to the Associations 233rd Anniversary Dinner which was held at the Creebridge House Hotel Newton Stewart on Saturday 27th September 2025. Angus introduced the top table guests including guest speakers Dr David Devereux, Sandy Henry and Dr Janet Brennan- ~~I~~ nglis. Good company ~~-~~ good food and excellent speakers combined to make the evening a most enjoyable and successful occasion.
The Autumn/Winter 2025 Meeting was held on Saturday 15th November using zoom software when guest speaker for the evening Wendi Cuffe a Trustee of the Stranraer Water Sports Association gave a talk/presentation surrounding the St. Ayles Coastal Rowing World Championships which were held in Loch Ryan in July 2025. Wendi's talk/presentation was most colourful and informative and enjoyed by all who had joined the virtual Meeting.
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~~The Galloway Association of Glasgow Report of the Trustees~~ For The Year Ended 31 December 2025
3. Benevolence
The aims of the Association were once more carried out notably in terms of financial support to 24 (2024: 25) Arts, Community bodies and individuals in the region, details which are shown in note 6 to the accounts.
4. Communication
The website continues to be the primary source of information about the Association. The website is regularly updated with details of future events, photos of our events, and awards made by the Trustees. It is also a source of forms for organisations or people applying for Awards or Memberships.
The Association is grateful to Member David Tyson who is successfully managing the Association’s Facebook page.
5. Investments
The Trustee's Investment Team held two meetings with Rathbones the Association's Financial Advisors in 2025. The opportunity was taken during 2025 to dispose of and acquire new investments to help future proof the portfolio such as the purchase of shares in M & G Plc , HICL Infrastructure Co Ltd and North American Income Trust , and selling shares in Renewables Infrastructure GRP , JP Morgan GBL Growth & Income and Magnum Ice Cream Co.
The portfolio has performed well in 2025 in an ever changing Investment landscape.
FINANCIAL REVIEW
Reserves policy
The aim of the investment policy is to maintain the capital value in real terms and producing an income that can be used to support the charitable objects of the Association.
Financial review
The Financial Position of the Association is set out in the Statement of Receipts and Payments and the Statement of Balances.
General Fund Income from dividends and interest for the year was £38,353 (2024: £33,667). The sum of £28,038 (2024: £31,526) was disbursed on charitable purposes. £4,159 (2024: £4,081) was spent on cost of charitable activities. The cash at bank and Rathbones cash balances increased by £6,598 (2024: decrease £8,003).
The value of the investments increased by £144,844 (16%)
17 March 2026
Approved by order of the board of[trustees][on][............:::::::::e0:eeeeeeeeeeees+s][and][signed][on][its][behalf][ by:]
AE Rex - Trustee
A Murray - Trustee
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~~Independent Examiner's Report to the Trustees of The Galloway Association of Glasgow~~
I report on the accounts for the year ended 31 December 2025 set out on pages five to nine.
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 (as amended). 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:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Andy Logan The Institute of Chartered Accountants of Scotland
Robb Ferguson Chartered Accountants Regent Court 70 West Regent Street Glasgow G2 2QZ
17 March 2026
Date: oo eecceceeceeeeeeeteeenneeeeneenenaes
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~~The Galloway Association of Glasgow~~ Statement of Balances
At 31 December 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | Funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Investments | 4 | 1,059,938 | 915,094 | |
| Bank | ||||
| Opening cash in current account | 20,696 | 26,218 | ||
| Opening Rathbone | 12,175 | 14,656 | ||
| Surplus/ (loss) forthe year | ~~6,598~~ | ~~(8,003)~~ | ||
| Closing cash at hand and in hand | 39,469 | 32,871 | ||
| Bank and cash balances | ||||
| Bank current account | 20,328 | 20,696 | ||
| Rathbone: Income account | 14,722 | 9,969 | ||
| Capital account | ~~4.419~~ | ~~2,206~~ | ||
| 39,469 | 32,871 | |||
| CREDITORS | 5 | |||
| Honoraria | 3,000 | 3,000 | ||
| Independent examinersfee | ~~1.080~~ 4,080 |
~~5000~~ 2,770 |
17 March 2026 The financial statements were approved by the Board of Trustees on .................... and were signed on its behalf by:
AER ~~e~~ x-President
A Murr ~~a~~ y -Treasurer
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~~The Galloway Association of Glasgow~~ Notes to the Financial Statements For The Year Ended 31 December 2025
ACCOUNTING POLICIES
Accounting convention
The financial statements of the charitable enterprise, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) ‘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 (FRS102) (effective 1 January 2012)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The Financial Statements have been prepared on the receipts and payments basis.
Incoming resources
All incoming resources are included on the Receipts and Payments when the charity has received the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on a payment 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.
Taxation
The charity is exempt from tax 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.
- INVESTMENT INCOME
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Dividends | 38,353 | 33,667 |
| Sale ofinvestments | 77,285 | 74,739 |
| 115,638 | 108,406 |
- TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
During the year the Treasurer and Secretary were each paid £1,500 in respect of duties carried out in 2025 (2024: £1,500)
There were no expenses paid to trustees in the year to attend interviews/meetings.
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~~The Galloway Association of Glasgow~~ Notes to the Financial Statements ~~-~~ continued
For The Year Ended 31 December 2025
- GRANTS
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||||||||
|---|---|---|---|---|---|---|
|Grants|and|Donations|made|2025|2024|
|£|£|
|Grants|
|nsKnockengorroch|-|-|2,0001,050|
|Newton|Stewart|Sub|Aqua|Club|-|3,000|
|-|650|
|Galloway|Pageant|-|1,100|
|Dalbeattie|Civil|Daze|-|1,000|
|a|Kirkcudbright|Fringe|Festival|-|1,000650|
|Auchencairn|Initiative|-|1,430|
|Stranraer Water|Sports|Association|-|2,000|
|Kirkcolm|Primary|School|Parent|Council|-|1,536|
|Ist|Stewartry|Rangers|-|1,500|
|Stranraer|Music|for|All|-|750|
|Port|William|Bowling|Club|-|2,000|
|||-|1,500|
|Kirkcudbright|Development|Trust|-|2,000|
|Kirkcudbright|Book Week|Society|-|500|
|Kirkcudbright|History|Society|-|1,300|
|Gatehouse|Music|Society|-|660|
|Stranraer Millenium|Centre|Community|Trust|-|1,500|
|Pe|-|800|
|Stranraer|Drama|Club|-|750|
|Galloway|Violin|Studio|-|700|
|Wonder|Fools|-|1,500|
|Se|300|
|Stranraer FC|Community|Trust|500|
|700|
|Stranraer Academy|DofE|800|
|Gatehouse|Bunker|400|
|Kirkcudbright|Harbour|Cottage|Trust|400|
|Kirkcudbright|Canoe|Club|1,000|
|Kirkcudbright|Parish|Church|2,500|
|200|
|Galloway|Mountain|Rescue|Team|3,000|
|a|Portpatrick|Community|Development|Trust|2,0001,500|
|Colvend|and|Southwick|Community|Council|916|
|Castle|Douglas|Scout|Group|1,500|
|Castle|Douglas|Development|Forum|1,050|
|Kirkmaiden|Old|Kirk|2,750|
|||1,000|
|Loch|Ken|Trust|1,200|
|Newton|Stewart|Initiative|500|
|Fed|up|Community|Cafe|2,000|
|Wigtown|and|Bladnoch|Golf Club|1,572|
|Local|Initiatives|in New|Galloway|1,550|
|TOTAL|28,038|31,526|
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