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