CHARITY REGISTRATION NUMBER: SC007531 The Society of Deacons and Free Preseses of Glasgow Unaudited Financial Statements 30 September 2025
The Society of Deacons and Free Preseses ol Glasgow Financial Statements Year ended 30 September 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Noles to the financial slatements
The Society of Deacons and Free Preseses of Glasgow Trustees. Annual Report Year ended 30 September 2025 The trustees present their report and the unaudited financial statements ol the charity for the year ended 30 September 2025. Reference and adminlstratlve detalls The Society ol Deacons and Free Preseses of Glasgow Registered charity name Charity registration number Principal ottice SC007531 clo The FRG Partnership Solicitors LLP 12A Bridgewaler Erskine Renlrewshire PA8 7AA
The Society of Deacons and Free Preseses of Glasgow Trustees, Annual Report (conlIn¢dI Year ended 30 September 2025 Trustees The Trustees elected at the Annual Gtsneral Meeting were a5 follows John Harris Rose Mary Harley Colin Morrison-lgnatieff Preses Treasurer Late Preses Late Treasurer Second in Votes Ex-Preses Pres8s QireGtors Honorary Life Director Society Directors lan Bruce Jan Dobson Paul Carnan Jamie Fraser Gray Mickel Derek Manson Peter Stokes Silvia Cilerri Craig Bryce Helen Markham Tony Barr Adrian Pierotti Gordon Price David J.0. Dickson The PRG Partnership Solicitors LLP 12A Bridgewater Erskine Renlrewshire PA8 7AA Evelyn Partners 177 Bothwell Street Glasgow G2 7ER Clerk Investment advlsers Independent examiner Andrew Wilson BA CA Nelson Gilmour Smith Mercantile Chambers 53 Bothwell Street Glasgow G2 6TB
The Society of Deacons and Free Preseses of Glasgow Trustees. Annual Report {tonttnU6d) Year ended 30 September 2025 Financial review A detailed Statement ol Financial Activities can be found at page 6 to these financial statements which shows the Society to have a nel income surplus of £76,669 aft8r net increases on investment assets {2024'. net incorne surplus of £147.4491. Income from all sources as report8d has shown a decrease of £5,156 and totals £65,338 12024: £70,494). Expenditure was incurred on raising funds and direct charitable costs. The total costs decreased from £66.657 in 2024 to £55,276 in 2025. Following a revaluation of the investment Portfolio al 30 September 2054 an unrealised inv&siment gain of £66,60712024.' unrealis&d gain ol £143,612) was recorded. The Balance Sheet on page 7 reports the financial position ol the Society as at 30 September 2025. Investment policy 8nd objective$ The trustees have the power 10 rnake any Investment that complies wth the ChaTilies and Trustee Investment (Scotlandl Act 2005. The trustees seek to generate sullicient incomè 10 allow the Society lo lullill its objectives whilst maintaining the capital value of the portfolio. The investment performance being reviewed regularly by the tfUSt&es. For the year ended 30 September 2025 the trustees are satisfied with the level ol Income return as achieved. Reserves policy 11 is the policy ol the trustees to maintain the free reserves ol the Society, al a level sufficient to support the current activities in the event ol a significanl drop in income before replacement income is found. Free reserves being Ihose unrestricted funds not tied up in fixed assets. Such restrryes total £1,941,151 as al 30 Sepiember 2025 and as such the trustees are satisfied with this position. Golng concern The Iruslees confirm that the Society has sufficient funds to maintain ils objects lor the lorthcorning elve months. Plans for future perlods The long temi strategy of the Society is to maintain reserves represented by assets deployed lo provide an investment retum that will enable the Society to meet its Dbligalions to existing and new beneficiaries on an ongoing basis. The trustees, annual report was approved on 31 October 2025 and signed on behalf of the board of trustees by.. John Harris Preses
The Society of Deacons and Free Preseses of Glasgow Independent Examiner's Report to the Trustees of The Society of Deacons and Free Preseses of Glasgow Year ended 30 September 2025 I report lo the trustees on my examination ol th& financial statements of The Society ol Deacon5 and Free Preseses ol Glasgow Ilhe charily'l for the yèar ended 30 September 2025. Responsibilities and basis ol report As the trustees of the charity you are responsible lor the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scollandl Act 2005 Iihe '2005 Acl'l and the Charities Accounts Iscotlandl Regulations 2006 las amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. l report in respect ol rlly examination ol the charitls financial statements as carried out under section 4411llcl ol the 2005 Act. In carrying out my examination I have followed the requirements ol Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006 las amended). Independent examlner's statemenl Since the charity has prepared its accounts on an accruals basis your examiner must be a memb&r ol a body listed in Regulation 11121 ol the Charities Accounts (Scotlandl Regulations 2006 las amendedl- I can confirm that l am qualified 10 undertake the examination because l am a registered membèr ol ICAS which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention giving me cause to believe that in any material respect.. accounting records were not kept as required by section 4411lla) of the 20D5 Act and Regulation 4 of the Charities Accounts (Scollandl Regulations 2006 las amended}; or the financial statements do not accord with those records-, or the financial statements do not comply with the accounting requirements ol Regulation 8 of the Charities Accounts (Scotlandl Regulations 2006 las amendedl- I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Andrew Wilson BA CA Independent Examiner Nelson Gilmour Smith Mercantile Chambers 53 Bolhwell Street Glasgow G2 8TB
The Society of Deacons and Free Preseses of Glasgow Statement of Financial Position 30 September 2025 2025 2024 Note Fixed assets Heritage assets Investments 17 18 549 1,889,314 1,889,863 549 1,811,526 1,812,075 Current assets Debtors Cash at bank and in hand 758 61,649 62.407 19 688 69,548 70,236 Creditors: amounts falling due wlthin one year Net current assets Totol assets less ¢urrenl liabllllies Net assets 20 18,950 51,286 10,000 52,407 1.864,482 1,864,482 1.941,149 1,941.149 Funds of the charity Unroslricled funds Total charity funds These financial statements were approved by the board ol trustees and authorised lor issue on 31 October 2025, and are signed on behalf ol the board by.. 1.941,149 1,941.149 1,864,482 1,864,482 21 John Harris Preses The noles on pages 8 to 14 form part ot th•se flnanclal $tatemenls.
The Society of Deacons and Free Preseses of Glasgow Notes to the Financial Statements Year ended 30 September 2025 General informatlon The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address ol the principal off ice is do The PRG Partnership Solicitors LLP, 12A Bridgewater, Erskine. Renlrewshire, PA8 7AA. ststement of compllan¢e These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,. the Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Gharities SORP IFRS 10211 and th8 Charities and Trustee Investment (Scollandl Act 2005 and the Charity Accounts (Scotlandl Regulations 2006 las amended). Accounting policies Basls of preparnlion The financial statetments have been prepared on the historical cost basis, as modified by the revaluation ol c&rtain financial assets and liabilities and investment properties measured at lair value through income Dr expenditure. The financial slat&ments are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charitys ability 10 ¢onlinue. Judgements and key sources of estimalion un¢ertalnty The preparation of the financial statements requires management to make judgements, estirnates and assumptions that affect the amounts reForted. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of futurè events that are believed to b8 reasonable under the circumstances. Fund accounting Unrestricted funds are available tor use at the discretion ot the Iruslees to further any of the charivs purposes. Designated funds are unreslricled funds earmarked by the trustees for particular tuture project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one ol sub-classes.. reslricled income funds or endowment funds.
The Society of Deacons and Free Preseses of Glasgow Notes to the Financial Statements Iconllnuedl Year ended 30 September 2025 Accountlng pollcies {contlnued) Investments sled investments are measured at fair value with changes in lair value being recognised in the statement ol financial activities. Financlal Instruments Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs, unless the arrangement conslilukes a financing transaction, where it is recognis&d at the present value ol the future payments discounted at a market rate of interest for a similar debt instrument. Where investments in shares OT preference shares are publicly traded or their lair value Can otherwise be measured reliably, the investment is subsequently measured al lair value with changes in lair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impaimenl. Donatlons and legacies Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2Q24 Donalions Membership fees 75 25 25 75 other tradlng actlvitles Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Fundraising events Tie sales 1.880 1,880 1,585 30 1,585 30 1.880 1,880 1,615 1,615 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from listed investments Bank interest receivable 62,764 619 62,764 619 68,423 431 68,423 431 63,383 63,383 68,854 68,854 10
The Society of Deacons and Free Preseses of Glasgow Notes to the Financial Statements (contlnved) Year ended 30 September 2025 Costs of ralsing donatlons and legacles Unreslricled Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 1,288 1,288 Fundraising event costs 1,679 1,679 Investment management costs Unrestricted Total Funds Unresiricled Total Funds Funds 2025 Funds 2024 9,739 9.739 Portfolio management 8,012 8,012 Expendlture on charltable adlvitles by fund type Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 42,665 12,965 55,630 42,665 12,965 55,630 Granting ol benefit Support costs 40,750 4,837 45,587 40,750 4,837 45,587 10. Expenditure on charltable activltles by activlty type Grant funding ol activities Support costs 3,037 1,800 4,837 Total funds 2025 Total fund 2024 43,787 1.800 45,587 53.830 1,800 55,630 Granting of benefit Governance costs 40,750 40,750 11. Analysls of support costs Analysis of support costs Total 2025 Total 2024 1,800 1.800 1,800 2,000 8,800 2,000 770 770 77D 267 1,595 267 12,965 Governance costs Clerk's remuneration Social Worker's salary Gomrnitlee meelirvJ costs 4,837 4,837 11
The Society of Deacons and Free Preseses of Glasgow Notes to the Financial Statements {contlnued) Year ended 30 September 2025 12. Analysis of grants 2025 2024 Grants to instltutions Grants lo charities 16,500 15,340 Granls to Individuals Grants to individuals 24,250 27,325 42.665 Total grants 40,750 13. Net goins on Investments Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gainslllossesl on listed investments 66,607 66.607 143,612 143,612 14. Independent examinatlon lees 2025 2024 Fees payable lo the independent examiner for.. Independent examination of the financial statements 1,800 1,800 15. Staff costs The average head count ol employees during the year was Nil12024: Nill. No employee received employee benefits of more than £60,000 during the year12024.' Nill- 16. Trustee remuneration and expenses There were no trustees, remuneration or other benefits for the year ended 30 September 2025 nor lor the year ended 30 September 2024. 17. Heritage assets The charity holds heritage assets, which are tangible fixed assets of historical, artistic or scientific importance that are held lo advance preservation and congervalion objectives of the charity. 12
The Society of Deacons and Free Preseses of Glasgow Notes to the Financial Statements {contift>uedJ Year ended 30 September 2025 17. Hgritage assets (contlnuèdl Soclety Regalla Cost or valuallon At 1 October 2024 and 30 September 2025 Accumulated depreclation At 1 October 2024 and 30 September 2025 Carrying amount At 30 September 2025 At 30 September 2024 549 549 549 Where heritage assets were acquired in past accounting periods and not capilalised, il can be dillicull or costly lo attribute a cost or value lo them. In such cases, these assets are excluded from the balance sheet rf reliable cost information is not available and convenliond valuation approaches lack sufficient reliability or signrficant costs are involved in the reconstruction or analysis ol past accounting records or in valuation, which are onerous compared with the additional benefit derived by by users of the accounts in assessing the Iruslees, stewardship ol the assets. 18. Investments Cash or cash Listed equivalents investments Total Cost or valuation Al 1 October 2024 Additions Disposals Fair value movements Transfers At 30 Seplember 2025 Impalrment At 1 October 2024 and 30 September 2025 Carrylng amount At 30 September 2025 AI 30 September 2024 1,811,526 1,811,526 1,435,635 1,465.368 2,901,003 11,430,502) 11,456,606) 12,887.1081 66,606 66,606 12,7131 12,7131 2,420 1.889,314 1,886,894 2.420 1,886,894 1,811.526 1,889,314 1,811.526 All investments shown above are held al valuation. Flnancial assets held at fair value Listed investments are measured at lair value with changes in fair value being recognised in the slalemenl of financial activities. 13
The Society of Deacons and Free Preseses of Glasgow Notes to the Flnancial Statements (continued) Year ended 30 September 2025 19. Debtors 2025 2024 Prepayments and accrued income 688 758 20. Creditors: amounts falllng due withln one year 2025 2024 Accruals and deferred income 18,950 10,000 21. Analysls of charitable funds Unrestricted funds At 1 October 202 At Gains and 30 Septembe losses r 2025 Income Expenditure General funds 1,864,482 65,338 155,2781 66,607 1,941,149 At 1 October 202 At Gains and 30 September losses 2024 Income Expenditure General funds 1,717,033 70,494 {66,6571 143,612 1,884,482 22. Analysis of net assets between funds Unr&slricled Tolal Funds Funds 2025 Heritage assets Investments current assets 549 1,889,314 51,286 1,941,149 549 1,889,314 51,286 1,941,149 Net assets Unrestricted Total Funds Funds 2024 Heritage assets Investments Current assets 549 1.811.526 52,407 1.864,482 549 1,811,526 52,407 Net assets 1,864,482 14