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The Incorporation of Weavers of Glasgow Founded 1514
Report of the Master Court and Financial Statements
For year ended 30 June 2025
Charity No. SC008691
The Incorporation of Weavers of Glasgow
Report of the Master Court for the year ended 30 June 2025
Achievements and Performance - Members took part in various competitions organised under the auspices of the Trades House.
Roll of Members
Owing to changes of address and deaths, which have not been notified, the Roll constantly requires updating. Members are required to advise the Clerk of any alterations
Benefits
The Search for those in Need- Those eligible for assistance under the Rules are Craftsmen and women, Widows and widowers thereof. and their unmarried sons and daughters. Members who know of eligible cases in need are invited to bring such cases to the notice of the Clerk.
The Deacon's Fund - The Deed of Trust creating the Fund provides that the revenue shall be used in the joint absolute discretion of the Deacon. Collector. and Clerk for Members of the Incorporation of Weavers, their widows/widowers, the unmarried sons or daughters of such members or other dependants of such members or any person whether in any way connected with the Incorporation or not and provided that in the last mentioned case they are or their forebears were. either connected with the Incorporation of the Textile Trade in Glasgow, who are deserving and in urgent need of assistance or (exceptionally) for any charitable purpose in Glasgow or elsewhere in Scotland.
Deacon Archibald Speirs Fund - This Fund constituted by Ex-Deacon James Speirs in memary of his father Archibald Speirs. who was Deacon of the Incorporation in 1917/18, provides that the Revenue shall be used in the joint absolute discretion of the Deacon, Collector and Clerk for Members of the Incorporation of Weavers. their widows and unmarried daughters, who are in financial need.
Sir John Reid Bounty- In 1923 Ex-Deacon Sir John Reid founded this fund which enabled the Deacon of the year to choose a Craftsman. a Widower /Widow and an Unmarried son or Daughter for the purpose of making a supplementary grant. The grants are £50 per annum at present. For ease of administration. this fund is now incorporated in the Generali Fund.
John Y Cunningham Memorial Fund - This Fund was created as a result of a substantial bequest from the estate of the late Mrs A G L Cunningham widow of the late John Y Cunningham who was Deacon of the Incorporation in 1954/55. The income from the fund is used to supplement the income from the general fund. For ease of administration. this fund is now incorporated in the General Fund.
3
The Incorporation of Weavers of Glasgow
Report of the Master Court for the year ended 30 June 2025
Master Court (the Trustees) responsibilities in relation to the financial statements
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities; Statement of Recommended Practice (SORP) 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 2019).
The Law applicable to charities in Scotland requires the Charity Trustees to prepare financial statements for each year 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 the financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless itis inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to independent examiner
As far as the Master Court, at the time the report is approved, is aware:-
- a) there is norelevant information of which the Incorporation's examiner is unaware and b) the Master Court has taken all steps that it ought to have taken to make itself aware of any relevant information and to establish that the independent examiner is aware of the information.
Approved by the Master Court and signed on its behalf by:
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Christina Scott. Deacon
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Christoopher McEvoy Barton. Collector
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Date: 19 September 2025
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6
The Incorporation of Weavers of Glasgow
Deacon's Report for the year ended 30" June 2025
Dear Members
This year 2024/2025 has been a very special and wonderful Year. As you can imagine I’ve enjoyed every moment and have made new and lifelong Friends. What can | say about my fellow Chain Gang Members, except that they have been brilliant and have been great company throughout the year.
I've attended as many of their Dinners and Box Openings as possible.
Hd particularly like to thank Collector Christopher for stepping into the Post at the last minute back in September. He has been an enormous support, and we’ve had some laughs.
Our first Event in November was our second WOB evening held at the Address in Glasgow. Well attended and enjoyed by all. This was organised by Collector Christopher.
! thank both our Collector and Clerk for attending the Worshipful Company of Weavers’ Dinner in London last December as representatives of Glasgow Weavers as | was otherwise engaged that evening.
From the start of the year in office, our Master Court meeting have been weil attended, and | thank all said Members for their continued support and help. Many thanks to Scott and Mark for Chairing meetings | was unable to attend.
Our Choosing dinner was held in February and extremely well attended with brilliant Speakers and a fun Auction. Happily, a profit was made.
In March Collector Christopher, Clerk Susanne and | attended a Dinner in the City Chambers hosted by the Lord Provost to celebrate the actress Elaine C. Smith obtaining the Freedom of the City. To access this high office Elaine had to join one of the 14 Crafts and we were delighted to welcome her to the Weavers. At the Award ceremony Christopher of Vevar presented her with a beautiful handwoven stole woven by himself in a beautiful “Mary Doll’ tartan! The three of us had a blast.
A Talk by Lucy McConnell on Paisley Shawls was held in the Trades Hall in April. Well attended and my thanks go to certain Members of the Master Court for organizing this event. Particular thanks to Ewan MacDonald for sponsoring the Prosecco Reception.
The Box Opening was held on the 10th of May and was a hugely successful night with much Prosecco being quaffed! This was a jolly, relaxed evening where we gave Awards to Craft and Industry and showcased our Charitable Giving. We had a lovely display of textiles from some Students of Glasgow School of Art.
This year we have given donations to :- Prince & Princess of Wales Hospice, Glasgow City Mission, East Park Home, Lodging House Mission, The Haven and Sma’ Shot Cottages, Glasgow School of Art, National Trust for Scotland Weaver's Cottage.
Education donations were also given to Craftex, Trades House of Glasgow Apprenticeship Awards and School Craft/Citizenship.
We continue to be proactive in supporting those in need both educationally and charitably.
Our Instagram account continues to be vibrant and a great way of connecting with our Craft.
7
The Incorporation of Weavers of Giasgow
Report of the Independent Examiner to the Members of The Incorporation of Weavers of Glasgow
For the year ended 30 June 2025
| report on the accounts of the charity for the year ended 30 June 2024 which are set out on pages 10 to 16.
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. The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of theAccounts Regulations does not apply. itis 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 Independent Examiner's Statement
My examination is 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently | do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In the course of my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in any material respect the requirements:-
-
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts regulations
have not been met or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. hy Paul Craig FCCA Azets Chartered Accountants Titanium’ Kings Inch Place Renfrew Glasgow PA4 8WF
Date 19 September 2025
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The Incorporation of Weavers of Glasgow
Balance Sheet as at 30 June 2025
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2025 2024
Notes £ £
Fixed Assets
Fixed Asset Investments 4 1,513,676 1,506,391
Current Assets
Stock 2,104 2,104
Debtors 5 3,165 2,718
Cash at Bank and in hand 236,543 228,019
241,812 232,841
Liabilities 6 (5,396) (4,757}
Net Current Assets 236.416 228,084
Net Assets 1,750,092 1,734,475
Funds of the charity
Restricted funds 8 289,201 279,954
Unrestricted funds 8 1,460,891 1,454,521
1,750,092 1,734,475
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The financial statements on pages 11-17 were approved by the Trustees on 19 September 2025 and signed on their behalf by:
Christina Scott Christopher McEvoy Barton 2024-25 Deacon 2024-25 Collector
1
The Incorporation of Weavers of Glasgow
1 Accounting Policies (cont'd)
Fund structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. Further details of each restricted fund are disclosed in note 8.
Stock
Stock is made up of shields, ties, books, badges and ladies medals all stated at cost.
| 2 | Deficitfor this year | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| The deficit for the year is stated after charging: | ||||
| a | ||||
| Independent Examiner’s remuneration | 1,320 | 1,200 | ||
| 3 | Expenditure | |||
| Charitable Activities | ||||
| (a} Grants Precepts and Gifts | ||||
| Pensions | 1,200 | 1,200 | ||
| Gifts | __ | _ | 500- | |
| 1,200 | 1,700 | |||
| (b) Educational Grants |
||||
| Trades House ofGlasgow Craftex | 1,500 | 1,500 | ||
| Glasgow School ofArt | 900 | - | ||
| The School Craft | 500 | 500 | ||
| Weavers Industry awards | 1,500 | 1,650 | ||
| GlasgowApprentice | 2,000 _ | 2,000 | ||
| 6,400 | 5,650 | |||
| (c) Donationsto Charities | ||||
| TheGlasgow City Mission | 2,500 | 2,500 | ||
| Eastpark Home for Children | 2,500 | 2,500 | ||
| Lodging House Mission | 2,500 | 2,500 | ||
| Prince& Princess ofWales Hospice | 2,000 | 2,000 | ||
| Sma’ Shot Cottages | 2,000 | 2,000 | ||
| The Haven | 1,000 | 1,000 | ||
| GlasgowSchool ofArt | 2,500 | 3,000 | ||
| Survivors ofHuman Trafficking | - | 2,000 | ||
| Loudon Academy | - | 569 | ||
| The National Trust For Scotland | 2,000 | - | ||
| Pachedu | 2,200 | - | ||
| Eat Up | 1,100 | - | ||
| Paisley Heritage | 100 | - | ||
| OneParent Families | : | 2,000 | ||
| _ | ||||
| 20,400 | 20,069 | |||
| 28,000 | 27,419 |
13
The Incorporation of Weavers of Glasgow Notes to the Financial Statements for the year ended 30 June 2025 (cont'd)
8 Analysis of net assets and movements between funds
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Deacons | |||||
| General | Fund | A Speirs Fund | Scholarship | Total | |
| £ | £ | £ | £ | £ | |
| At 1 July 2024 | 1,454,521 | 208,848 | 55,109 | 15,997 | 1,734,475 |
| Income and | |||||
| endowments | 63,906 | 3,794 | 1,023 | - | 68,723 |
| Expenditure | (64,375) | (4,281) | (215) | - | (68,871) |
| Realised gains/( Losses) | (2,721) | 602 | - | - | (2,120) |
| Unrealised gains/{ | |||||
| Losses) | 9,193 | 7,887 | 804 | = | 17,884— |
| At 30 June 2025 | 1,460,524 | 216,849 | 56,721 | 15,997 | 1,750,092 |
| Represented by | |||||
| Investments | 1,334,112 | 141,660 | 22,288 | 15,616 | 1,513,676 |
| Cash in hand and at | |||||
| Bank | 126,539 | 75,189 | 34,433 | 381 | 236,542 |
| Debtors | 3,165 | - | - | - | 3,165 |
| Stock | 2,104 | - | - | - | 2,104 |
| Creditors | (5,396) | - | - | - | (5,396) |
| 1,460,524 | 216,849 | 56,721 | 15,997 | 1,750,092 |
Restricted Funds
The Deacon’s Fund
The Deed of Trust creating the Fund provides that the revenue shall be used in their joint absolute discretion by the Deacon, Collector and Clerk for Members of the Incorporation of Weavers, their widows, the unmarried daughters of such members or other dependants of such members or of the widows or any person whether in any way connected with the Incorporation or not and provided that in the last mentioned case they are, or their forebears were, either connected with the Incorporation or the Textile Trade in Glasgow, who are deserving and in urgent need of assistance or (exceptionally) for any charitable purpose in Glasgow or elsewhere in Scotland. Included within the fund at 30 June 2025 are unrealised gains on investments totalling £38,217 (2024: £54,234)
Deacon Archibald Speirs Fund
The revenue shall be used in the joint absolute discretion of the Deacon, Collector and Clerk for members of the Incorporation of Weavers, their widows and unmarried daughters, who are in financial need. Included within the fund at 30 June 2025 are unrealised gains on investment totalling £1,609 (2024: £805)
Weavers Scholarship Fund
The fund was set up in 2006 to provide a scholarship for a practising weaver.
Unrestricted funds
Included within the funds at 30 June 2024 are unrealised gains on investment totalling £380,226 (2024: £508,015)
15
DEACONS OF THE INCORPORATION OF WEAVERS
OF GLASGOW
SURVIVING DEACONS WHO HELD OFFICE PRIOR TO 1987
| 1976-77 | JC Macleod | |
|---|---|---|
| 1979-80 | John C Maclaurin | |
| 1980-81... | BrianA J Holmes | |
| 1983-84... | Ralph S Risk | |
| 1986-87 | TR Scott | |
| DEACONS | from 1987-2023 | |
| 1987-88........ | tees | James Ferguson (Deceased) |
| 1988-89... ve ee 1989-90..00. ee 1990-91000 ee |
J C Black (Deceased) WD Scott (Deceased) JN Macfarlane |
|
| 1991-92... 1992-93... .. |
FM Tosh(Deceased) RT W Stocker |
|
| 1993-94. i. |
H Kelly (Deceased) | |
| 1994-95 oi, |
H Kelly (Deceased) | |
| 1995-96 oo. | JS Couper | |
| 1996-97oye | H C Brodie | |
| VO97-98ooo cceeeeeeeereeee |
RC Hart | |
| 1998-99. | A Marjoribanks | |
| 1999-00... | JG McManus | |
| 2000-01. ...... 2001-02. |
11 Dunsmore (Deceased) D Cameron |
|
| 2002-03. . |
AR W Mactaurin | |
| 2003-04 .. 2004-05... 2005-06... |
J Hamilton (Deceased) N E Hudson(Deceased) P J Hall |
|
| 2006-07... | Maria MackKellar | |
| 2007-08. 2008-09... |
Charles B Newlands (Deceased) Archibaid B Holmes |
|
| 2009-10 | Richard J Whewell | |
| 2010-11420. | Aileen Brodie | |
| 2011-12...0. | Charles B Newlands (Deceased) | |
| 2012-13we. 2013-14 be tasteeeaees |
John Lindsay (Deceased) Ken Dalgleish |
|
| 2014-1500 ee. |
Ken MacDonald | |
| 2015-416..2. 0020000... | Ken MacDonald | |
| 2016-17... 00... 222. |
Colin Brown | |
| 2017-18200. 2018-19... |
Moira Dalgetty Alex McCluskey |
|
| 2019-20 vecteeeee 2020-214o.oo, |
s | Breege Smyth Kenneth MacDonald |
| 2021-22 .. |
Susanne McCormick | |
| 2022-23. 00... bene |
Mark Hamilton | |
| 2023-240c ceeeecceseee |
Scott Gallacher | |
| 2024-25 | ChristinaScott |
17