The Church of Scotland Glasgow Cathedral (Si. Mungo'% or High) Annual Report and Accounts For the Year ended 31" December 2024 Congregation No: 160927 Scottish Charih No: SC013966
C:14s%ow Ciihedt41 Tru%lii's ..%nnual R¢porl i'¥r F'ndrd J l Drcrmhir 21124 'I'hL ITUl¥¢s pr<%inl thLIT annual rLIMin and tinancjal 4lalLmenL4 01"IhL Lhariiy lor thL yLaT Lnd¥MI 31 [kLnbLT 20?4. ThL linanrial 4ial¢rnLnl% have hLYn PTLwarLd in aclordanie 'iih IhL aLC()uniinb ptsl)CLC% 4L"l Qui in nolc I lo ihL c¢ounls and cTrmply w'tih IhL GLnerdl .4s%cmblN Regiilaiion% lor C'c?n¥ii'galional Financc. Ihi Chaniie% and TTU%ICC Ini¢%tm¢nt Iscoilandi Aci .IX)S IhE Chariiies Accounts Isivilandi Reyulaiions JO(Jh la% arnendeitl and Accouniing and Reponing bv Charities. tsthiemeni of Reiommended PrdCIILe Jppliiable 10 chaniie% piepanng their arcounis in atrc)rdanLI 1Th ihe F'inanrial RLtK)nino Siandard appliiabli in Ihi L'K and RipbIll of Ircland IFRS I LI?> IclT¢clic l JJnJaTr ?IllYI GC)I'EIiNANC&' ,%ND .IC' I IN I"1 IF" I'hi ur¥aDi11On ol. IhL C aihidral s is carriLxI i)ul nIlL( IhL SUtKYsiiion and IlirLXiIVll LifihL Kirk St%.4ion. uDdt'T a qu() otnnia IYPL ionlllUlttsn. Thl kirk 1% Lumpnscd uf F.Idcr% and iiF()picJ %pLiiali%i% a8 adi lic i ni'LL%ry. Tru4iLi% JrL %LILL1L from MEm'T5 aiLord)ng iii ihLir kni>w"IIMlyi. IIIL IXPL TILllii Nkills which wc)uld cnrnpl¢rneni ihc corTLCI IlPL Tdiing of ihc Kirk SLx%ion T-.tich 1% illiLT% ILMtd h! Ihe Mini%lLr hcfnrc iipprnN'al. A% 41 national C'huTch. ji acknow ILdgLs a d151intliiL tall ucduly 10 bnng thc ordin3llCCs of rcligion 10 Ihc pcople in LN'Cry par15h in Scoiland and. lder by media. thr(Trubh a rLtnlorial mio15. li COpera1 wjih oiher C'hurches In %arious ecumenical bLMlies In '0118d and l)thond. There arL separate commiiie¢s M Irh petsonn¢l 5¢1eci¢d for their knoM"ledgt as releiani io Ihe ofcommiiiee such as Finance. Propenj and other smallei orw15aiJvns in Appendix A. All rwrt and are Tesponsjble io the Tru%lLes. 'IHTr- )IINISTER'% RF.PORT Con%%9110al plclll1tll gnd F'tllowship 'Ihi% yLar fftJrkLxi ihi Iir%l In w'hiih ihl ion¥rLgaiion tsPiraiLxI wiihvui thi Impail Of COVlD-19. ThL Li)n¥rat1(>nl Ln¥a&imLni %ir¢m¥thincd. WLih %¢iiral mLmhcr% aLIIILl¥ partiCiPdlinbJ In ILlliiw%hip ¥T()ups and {IihLr% IdLilildiin&i rc¥u131 church lunches. fo&icrJng a stronger 5cnse of communtly. 11 vr5hip #rtd %er%ict5 l.hi ('dihLdrJl tndinuinLd its romm)Imcni io pro¥iding ordinanc¢ and ser% ICL% 10 h)Ih pansh m¢mbcT5 and the w Ider CildS¥QW Hapii%m%. wcddings. and tunerals coniinued "11hOul IniLmJpiinn. alTrn¥%iLIL nur r¥gular patlL' )f Sunda>. WOTship Our Ii%L-%ireaming IniiiaiJ%'L is undLr dL'iclopmLni 10 LmablL widcr cnngregdli(Inal paTTicipaliTr and i)Utr¢ach for lh¢ fuTUTe. We experimenied successfulll wilh tasional aft¢mn and ¢i"¢ning 5¢r¥ice5. addTei51ng dii¢r%¢ n¢¢d% and agtraciing paTricipanis. <>brigte of ihi. Chris114n I'c4r Ili)l) We¢k and E".J%lL T r¢InalnL hiohlighis of our Iiiurgical calendar. complL'menid bv signifiranl Advcnl and (-hrislmas cclcbraiionfi. Noiabl}. our wtsrk lIh gTOUP> LL)nThLLIL li) Ihl Church irt 1Seihlchem Included Sivc-slrcarncd ¢r% iiL%. 4Ln%ii)%Ll% linkinL iiinLrLLptsITiills in til¥W a]Ml Holv Ldnd. Conjmuniii #nd Inlrrn•lion¥l F".n%a%rmenl ()ur %uppiin of thi l."krainian il)TniiiulliiTrs Ihrou8h iailorcd worship seThi¢¢s and socjal cvenl% wa5 particularly itnpaiiful Ihls %Ldr. A hi¥hlibhi %%as a LVnLLYi sUPWtlin¥ Lkrainc. fe31UTing ILKal 51udLni r[rnianL. IDILmalionall>'. U'L hoslLd i l>llvrs iniluding a minis11) liam fnTrm ..ItnLn&a and M¢lcomid louri%l% and pilgritn4 wilh IhL hLlp of Thc FrtLnds of (Jla%g4)w" C-athedral pici¥l fr'i¢nis and c.olla1r1IonS l-hrLTrughuut ihi ). ?[hIP laiiliuiion and iKLial cNtnl% In%oli'Ld significant in%llllJliLins and ¥ruup%. SULh a%.. Thi Higkh k.h)] i)l-(Jl&%¥i?w" CJla%gU ALadLiny". EIuilhiinJ (irammlir k.hcK>l ThL' TrddL% IIuuL ofiJli%go%4." %ILrchanL IluuK of (ilasgow j.he S¥afarcT%." "I"hi C amLronians ISRI The Ro)al College ot. Phvsiiians Procurators of Glas¥tow Th¢ BiihlihLm FL%liial (Jla5¥U%4 C'aihidrdl Fi%lib&l (Il&%¥u%4 C'tlv ( c)unLIl Iinclwjing cii'ic rviLx% uih as RLmLYnbraniil Th¢ Ro>'al OTd¢T lif 51 John Thc SITaihilvdL fLyion coninbuiion io ihl Ri)iil Ilighland Shi? SpLiial anni%LfsJry sLfsiLL'S includinbi thi _ Tr(M)th..InniicwtJ of thi R%l_l.
C.Ixs%oM C¥ihi'dr#l TrLh%li'i'%' Annul RepDrl I'lir F.nd¥d .11 Drccm.r 2024 (io>ern&nce and 4tfgieRlt Plnnltt (Joi'lrnancc this yLiir IncludLyl arti¢ LiigagLlliLni wilh (ililgC)w PrisbylLry % %traic¥ic iniiiai11.i aim¢d ai ralionaliiin¥ rLSOUTL¢¥ for liicu%Ld mi¥5ion (Jelii'cTh' M(ii'inb Iiitwdrd. IhL' C.aihL'dral rLL()ynikL'% Ilii nLLd lor %traiLlC resource planning. oddrcssing Criiical Jrea5 Including.. nhdnild Utsi ol-rnu%ii In WL)Thhip InifL'ased cngag>emeni wilh unibLYSIIV Sludenis Elr03der cli! suppon Iniliaii>es k_xpansion of homLIIs% OUITcach progranis StrengihLning Lsiablishcd rclaiionships ¥4 Iih iiiY-basLd group -I'hi% slidlLyfiL dppfuaLh w Ill bvuidL' ihi)n-Iirm Jiliun% dnd L'%iablJ%h m¢dium- and lonb7.ILrin objcctii'cs L'n4urL su%lainid gir()M'ih Jnd rnL'anin¥ful Lutntnuniiy IlllPJLI. I'%IF'.RIC-,11, PTr".R Tr"I)R%T 4N4('b. lands ai 192 mLmh¢rn dnd l ddhcr¢nt%. C-,I"IJIfr'DK,11. C'O%INII'I""I"Tr"Tr"S,INI) ORGANJS,ITIUN C-OTrFEE ST.4LL -h¥ ( ollcc Siall ii)iilinuid Til i)ffcr rc11k)hlp aftLt Mi>riiiii!Tr Wi>f4hip. li) {..1h¢drth1 IttLrtibers and vi%iliir%. All %4'erL' mti(l¥ wL'I¢i)Tni. WiTL' dblv lo J(IdiiionJl vi?Iuniibrs 1(1 i)ur numbL'T%. In LX)nJunLliun willi IhL OuirL'JLh ('LJlllttilllLL. Ihl ( i)fiii %iall 4uppi)rtid C aihillral lunihL4 priividld a Lai¥ring IJLility tur many high-prolile ('athc(Iral evenis. 5oiDL Lash lind gTU(x15 M'lrc d151nbuiLd 10 Ivial ihaniic l.-l{IWirN c¢)niinue 10 be pro%idL"d on a fortnibThily basi5. MIL Ili)wers ar¢ placed at the Chancel Ènd Ihe Crossing. I November poppies are displayed on the Chancel in memory of ihe 151 and l&nd World M'ars. In DLiembcr Ihc F I0'¢r l-ommiiicL mLmbcTS or8Alli%L and &rrnn8L C-hnsmias treLs and dicoralions in both Ih¢ Quir¢ dnd Ihi XilkL. whL'fL Ihk} fLilldin In.%iiu until Cdn4ilL'mds. .IBR.4RY I h¥ l iiili¥drJl l.ibiarY J% Iu¥(1114J In ihi I.0.cr Hall (>f Ihi Si Munbio Mus¥um It htsusL% d coIILxison of waluablL hi)i)k%. %¢ripi% and JrtL.faL T%. E-.liiaTrk'ih I'llan%on Is thi (-aihLJrdl l.IbrJrian pintMnI fur dLLL%% Ldri bL madL LINEN .IND Tr"..IBRIC Thirt 11-d% nfl dLili iiy friitn ihL I.IllLn and FabnL C()mmillLc W'L hi)PL to ideniify pr(ijLLIN Ic uiidLnakL. %ll.'SlC tJF.P.4RTMF.NT ()ur commiimcni 10 e.xctllcnLL In mu%ical worship ¢oniinlltd in ?0?4 as w'c bccame a(Iiliaicd 10 Ihc Roval School of ChurLh NfuilL. and w'L.ILÉimL'd ihrLi nLW %inbLrn li) fill %dLdnLILTh QuirLJLh and Ln¥Ya¥illlLliI 1% NITLnb¥ihLnin¥T wilh 27 LXILrnal groups hoitLd lur ioniLri%lLVLni%. and a %imilar TiunibLr alrLadv booked Iii lor ?O?- I hi olTcr I'r()tn %1 .4ndrL'W'% UniiL'd RLfurni ('hurLlI. Sillvih. tv dvnaiL Ihi'ir l %?h I iinaihir IirLian IdL%lbTllLd In Li)n%ulialiiin wilh Ilr , l. Pedccl was acLLPILd by IhL Kirk SLssLon. wilh ILnLILr% IiTrr Illi fL¢iiiiI'JI and reslc)raliiin w()rk %<)uyhi (Tl)m liirii)us as choscn and. with grdni% Irom Ihc Sociciy of FninQ %IOT&bDL in DuTh8in PLndinbb %ULLL%(ul fundTai%ingi for ihe rL%IOTallOll. '.cd. Ihi nrgdli ha% nftw hLcn rcrt¥&i c(1 lo ()I'TR Tr-..ICH 'L ha%e continued lu host FLllowhhip LunehLS Sll Lral IiniL'5 J %"Lar and ihL% havi PTovLd to bl. Tnuch appr¥xia¢¢d by IhiisL who atlLnd. WL hdKL .n dLli!ThlLd iii 14Llicimi nL PicTrpli dnd l(1 kni)M ihLin L'hari an C'oncerl The Fiihcr Willi É)r¥an wa% sho'casLd h iliihopbriw. TL'SLiI-51. Rollox dtid I4'diiro%L-Milngdi IL. ltir IhLir Lonlribuiions. 0r IUV iiikil% wLrL wilh
C-14s%ow Caihdral 'JrulÉ'i'.4thnual ItL'piirt li'#r F-ndi,d .11 I)I'temhi'r 21124 di)nJlion%. WL fai%Ld i)I'L'r L141111. '1'h14 tnluiii Ihui WL WLfL JhlL' 11) l(1 Ihl l.()Jgin¥ I Iiiu.%L Mi%8l()n. L.mmaus Pri11LLI dnd W4illilLL (It L'Jtnp%lL I lo%icl 1Salvaiion.4rm} l. Au)ain. Ihits S'Ldf. W'L ltriTi dhll l(I gjill %! C'hi-i%inid.4 Ic) Ihi WdlldCL nl-C'amp%ie 110sicl. Ihank¥ 10 Ihe gcnLrosiiy ludeni ()utri'aLh Iii ()Ll0.[ ¥4¥ li¥ld illi {ln F-.li1}ng dl IhL (-diliLdTdl fi>r %iudLlli. ai hICh the rninisiLf ¥QVL 41 ¥Uldi IOLLr folluwid h> rLfTr'shmLnL%. It IA Inlcnlion tu bc prLsLnl durtnbTr F-rtshi'rs. M'cL,k ?11"5 41 Siraih¢lyde Lnii'crsiiv and C-IIJ Ut'lil&%¥uw C-thllcgc. .4liiT Ihi mi)rnin¥ 4cTh-iLL oli IhL IhiTd Sundav ol- iach mi)nih. M'c conliniiL lo hold 41 .%hort IlTllL ol. praJLr in Ihi Si d15(i IncvryJorJi¢d in Ili1% %cri'iki. 'rhi% 1% ILd by dillLrLlli niiTrhir% uf lh¢ LoDbri&aiiun and li ha% bL'cn plLd%ing lu nvli Ihdl %L'VLrdl ncw PLupIL lia Jvinld ihis Ivia in IhL pa%1 yLar. In nllcnn¥T IntcrLL%4of% PTdyLr In th1% arc ln11nlg Ihc cxhonaiir)n ot-thL Ap(i%ilL PJul In PhilippidD.4 ch 4 6 L)0 noi bc anxiou% ab()ul Jnyihinb. hul In Ll Lryihiny h% prdjir dnd %uppliLall()n M iih ihanks¥ii'ing Ici Nour rL'qU¢Sts be tnadL' knuw"n iu tiuil.. l-.Id¢r4 and m¢inbi ol. IhL Ll)n&7reBalion are ¢ncourabYLd to 5UPPOrt this imp)narti asp¢cl ol. lh¢ Caihedral'5 pasiordl LdfL'. PR()Pb.'R Tl, %y4lcrn. WastL trunk pipiny7 'il.i rCe.ed duL 10 bloikagL%. ..IF'Tr."C-I".4RDINI: Children aiid ltsun, Pi'i -4% Lurriiiilv Iidi i nii Suiiddy Srh(K>l,Club IhLrL ha¥L bLLn no inLidL'llis nL)li'J in iirm% of ¥afegruardinbT Lhildrcn and ¥outi¥ PiupIL. anoihLY vnL nixl SLar. h¥ %alLguarding C-o-urdiiiaiur iunttnu¥% Io PTUI idi upddlLIi iiifoTITiJliOll froill IhL lidrn In I dinbiiibih iii lh¢ Kirk SL.4510n hLn rL4uifLJ. Adult Prote¢ilonlVulnor4hle Cproii -rhL'rL liavL bL'LIi lill Ilii'lilLnl fLLI)fLl¥(I ri131ing io IhL abovc kDroups. If 3n Incid¢t)t tre 10 be brouuTrht io Ihe aiteniion lif IliL' %afLbuard1nb L'c)-i)rdinaior or an l-.lder ihe appropriaie aLliin% Wl)uld be iaken per rh¢ bbiiidLlines of the "I"KF." 4NIINC- ir¥.Ill'lnL' oi Sunday worship ¥Ciised dunng 2U24. I¥ L JfL hopLlul ul. Il bcin¥ nur Ihdnk% 11 ior IhLif LomTnilmLllt io thi4 for many vcar¥. "riii'RSDA)' CI.I'R ThL Thursddi. C'lub hJd 1 %ULLf%Nfiil veaf ii'iih dtlleTeni %pL'akLrn .'Ind '.Ind Spring Tca. Thanks are ork w'ith support Irum Jlan ( uriiL & HiailiLr 13L'adlinb. ORG,INISATIONS .Ib'fr'll.l.l J ITII 'I"IIL C'.A I'IITr'DR.11. 'HF. %C)c-iTr"ri" ()Tr Tr RlTr-N E)S ()F r.i...Isc.()11 CA-I'IIfr".DR IL I'hi Innii.Il (sutingy rcgumld wilh d Irip lo Si. IlDdrL in ()iiobLr 71174. I'a% JibinLJ Illi I'riLnd% Svlldhu% SLirildrv and hd¥ rL%iariLd IhL prubiramini uf IiLiur¥% iupiL4 r¢laiin¥ ti) IhL i aihcLlrJl and iiN hi%tury. l(I tnark (ilJ4gi{)w XS117 il nLW %ldltlLMI bld5% installdTI()n hu% hL'Cll L()mmi%sJoncd Iri)m Irtbrn Ilnbl()n 1% PLITrLiing furthKT %llJ(l! In IhL liLld thr%I1nL'd gld%%-mdkinx Jt (ilJN¥i)w %chool Dr .lrt I Iii. Ilill Iii%l.'illJiii)n 14 Incalcd
C¥ih¢drl I"ru4t¢i' R¢purt ler Tr."ndcd I l Dcrfmhir 2024 ()Ihir ftl&4g11¥4 XS11 LILni4 In¥luilL J virtuiil T¥£LlIly PTLSL'nMti(>n rLxfLJiin¥T Ihe IniLmal appcaTanL¢ nl Ihc mLdiLal C aihidral. a phoioxr4?phic cxhlbition artd J n¢M commiin'iin 11hl. .1 book ha4 bLLn piibli4hcd i)n ihi Nu¥gL4tlDll 01 eniiilcd"Pillars ol'SiL)ne. Pillar5 01. Iiith- 4 1)ei'oTion.I ..diicd Ihc book i r.i...Isc.i)W C,ITIITr:I)R.41. C'H(PK,IJ. SIP(-IF.'"I'Y ?11?4 4idsLTrti hi¥b Ji) 111 NlaN willi 41 pLrl'i)nnaiiiL l)f%ianfurd % Rvquiytri (18971, whiLh WL hLIiLVL 10 bu Ihl SLoiii%h pr¥IlLfi ()rthi% rdfLI) PLTIcTfTnLd w(Irk. .4n Infvniial iiinicrt In fcnm'iik ('hurih lJunL'I. belorc LollabLiraiions with l-.dinbuT¥h-ba%Ld ..lurorJ ()rchL51ra l()iiobcrl and ihc aMard-winnin¥ C IXiPLraiic)n BrJs5 Band i DLxLmk'rl Ll)mplLILd thL yLdr TrollowinL IhL dLparturc Dl. Kri%iine r)oniian Imtn thi ri)IL' l)1- I1usiLal l)Irccior and. atlCT many year% nf 8¢T¥IL¢. Ihe r¢81Rnaiion ot" kc!. comniiiiLL memtrK. GL'L cxplunng fulurL dir¥'¢iion%. Thi nLXI concLrt ill May !n?S wa% dir¢Ll¢'d by MiLhael CilmLri)n-Lonb)dLn GI.ASC.0' C,ITIIFDR.IL FF.STII'..11. Ihc VLartlll:4 prQ7TJ[n1 Ihi fiiilrn of cxh¢biiion% and in%1411aiii)n% dl(Ing%idL ihL mu%iLdl iVinl%. Hiih ? I painiinb% h) Kir41) fvldihL%I)n Ji%pldVLd In Ihe NaNL'. aiid d £hon filiii b) ()livia Ili)iikLr & ral(}r Siri¥kland shown Pldnt%l Jinaih4ill W'dfL. WA gyiNL Ti a lik¥ siudii) priwiL w i)ii BHI- 4.5 l-ruiii Ro¥v. 'LLdbaik prdi.%id 1111 4ualil) vl- pLrluTmuniL'% and thL uitno%i?hir¥. wilh ihL tnv%l i-viiiinvn rLindrk bLing apprLiiatli)n li)r IhL bridtilh ul- uur iIftLring nur Annual iir¥an rLllliil li)nlinu¥i l(1 h< ¥ll-rLLl%.E. i)ur l-wilighi in IhL C-TNpI ci ¢DIs and IINC lilm ()undiraLks werc onil again coniplLILly sold-oui. an(J the ¥ix tOUT% il'c ollcrcd wcrc al£0 tullv h(>okLd within ()f 'hi %l)RP IS141L TllLnl cil. RiummLndLd PraLIILL for ('harily .4LLiiuni?ngl U¥iTuLd %1) IL. l>t'aLcounis prL'%Lmicd in ihe aNwiialcd ('aihLdrJl ()r¥anisalii?n% whiLh &r¢ displah'Ld in dciail In Applndix Il. lttcomirtR R¢%our¢¢s Ri)ulin¥ ( ongrL¥atlL)nal in¢(Imc prtxlucLd £$6.0001 IOI . L6¥.Wlll and { Jill .4id Q?f L I l.lTh). Ini e%lmLni Incomc coniinucK to k" SilPPONINL ag.'i?n41 w'hiih Is IhL' L'IILLI on InLI)mL Dl'diTnini4hing Invi4itd lynd%. ThLr¥ 'ere n(I I Vgll1¢% in IhL }eai l ?1123 . Lnill 41r Il'.k rLIL'Jse of prv% i%ions noi run%idcrcd neLC4ry of £9,800 dnd a rlsidual LLUlUry ol. L_l ?fMI. £189.0001202.1 £161,iH)01 muutsi InJiyi ReTurri'$ F.xpiititl¢'il ibn ('hariEablL ilctiTriti £22 I.LIIMI12112.1 £191.(WI lili I) lip illi JLiiiiiIII) (lildili ihi dllal>ii%ul'pcnd. I l and Icchniial raiUlliLi v%¢rh¢ads l¥ for Il'ardcn hu m&%LLmiin(iinbTr J 51ratLg% r¢1< ar¥ ilLrnI%Ld %14tiiliLdnl u%Lrhiads. ThL hi£&iJ. i.'li-. 10 IhL ollbioingk nLLd 11) repair a nuTllher of¢lLclnial. pluTnhin¥ and fd. hnL pn)blem% ai Ilie manse. I'hi MuslL departmcni's bUdgL[ hds Lipandld N Ith miirL paid OrgTJnisLs ld (IMJifiiJ&pL•thLY willi hL'J4 ILI fLpdir% 11> ur¥an £81.IKxI I?Q?.A £fyY.IKIIII. Thc t)irLilar at. Musii had J 4ubstaniidl ri'.fdiin¥ of hi% salury wiih u baikliig pdyTnLI in edr. •MJnsc rcpairs and l)TsTran mainienanie arc gio%% bcfure rtrLo%crw Llaim% made from The (-huTLh of Sioil#nd IIL'neral"I rusiLX'S. | I hLSL arc shown In noiLS S r¢iovcri15 and noii. h 4PLnd dnd als() ai App Bl. 'I'h¢ Citrtcral and.11li F'unds run in stubknrn dcficii% call bc Seen in nulL 14 ThL Loll%LqULlliL of Ihis is Ihai Liquid r¥%(JuriL% JfL' It)niidrtil> bL'inbV Lvll%uniid bul oiia%ii>nall> %hi)uld Ih¢r¢ M. an> ILbpJLLL'S. T. JkTdrtlliinl a £IS.(M dLliiil In thL yL-dr. "ThL annuali.Rcd rDutine afL' L'XtkCIL'd 10 be coniaincd aTound L¥II.IXXI with InethI)L1 IiicomL. roulini donaitons noi mccnngthc bill gii¥'lllbi 10 thL' cinLwirtbtr liquidaiion ol-IniL5micnis.
(:la%xoM' C#ihtdral I'rustL'¢S',IntLuI Ri'p¢irl i'ar F'ndi'd 31 Deri'mhLr 2024 I MML'meni in F'ound IncrL'4SC £IOO.I)Iln12112.1. £26.111)lll 'l-hL ITinLral Fund ILiin¥rL¥alll)n'% tnJTn Jc¢ounil %hnw'% an nPL'TJlingT Jiliril ol-ifi.111111 l !Il•.I dclirii L14.1)(11)l off%cl bs d fL¥aluJliiin uplill i)1. £9) nnii110?l L 11).(K)01- ThL Mu%iL Fund i RL'icnuL i)nlyl an InLrcd%ing dLfirit (Il- i2S.(KK) I?O?I dilicii £ ifi.onni bililTi lakin aii(iunt i)t' InvL%imLni rc%'aluaiii)n uplitl i)1. £?7.(Klll I11}?3 wntL di>wn L I,01101- B#lanLI' %he¢t ..111 Ini k4llllLnis dTe prolL%%ionallv InanagLd on an inLIu%ivL Icc basis gLnLrallv ES(J Jnd L'.Lo pnnLiple% bLing appliLd. 'iitninaiLd .ALLlllllll% arL rnainLiinLcI l()r cach t'und %i) Ihdl ihls 'bLlc>ng 10 ihLir iiri¥inal 5011fLL bui IhL rci'cnue C'nii%idLrtiiian IN BINLII li) IhL iniL.%imLni %prL'ad. LxpiisurL risk dnd liquidity r¥4uifL'd i(1 4uJl Lach l und fi?r which invL'%lmL'ni% arL' hL'ld Thc RLiinuL >'ield nn IhL4C iD%'c%imLnis 1% grLaiLr Ihaii on IhL All-%hdTL IndLX (Il. Ihi Stock l.-%ihdngL iiue io Ihe invcsiincni poliiy adopicd b} Ihc Iwo Managers. ljiiih InNc%imLni Miinabiers. bL'nLhmark% for Capiiigl in%csiniLni pLrlortnJniL Idby Illi gPLnLral markLI nidrginally by rLabvn uf bLingt ri5k-Jir%L, ur EIliiLdl In naiurL. bul Ihi% IS Pdnly L(11111)Ln%aiLd for by Illl iiiirLaNLd dividLnd%. A Nijnilar aS5i%lllLni prL% ail% OVLr huw muih Lash or dLpo%i1s arL' fL'4uirLd fur I14uidily'%pLrtd un pruJL'Lls. dnd murL' rL'LLnily I'ur sub%idi.%ing th¢ ¥oniinuuu% tundin¥ i)I'J¥liiiT%. IIK. l&iliiv ol-IIiL C'hunh u1.nd InNLikJr% TnLil P)lI tiiranb>LThLS 1% [Li()¥ni1 thL 5tsrKL lurdll IM I14uid fluLI. uii prtA)ILYni duL Find11 RLityldiiurt% ix'tng mixL %trrtyiL1whth L. a. In QIIiiL BknLTLTh 1th Nl()n¢y 1% avdildbli rapi(Ily If ncidi(l and idp bc La%il! dLtK)%ilLd. MarkLI raics of inicrL%I are iurrcnilv Ti.%ing. Thc p()Iiiv (if bLing tnc)rL fiill J IneiLd which ha4 bc¢ii fnllnwd fftr thL Pd%1 vcar or w Wd% rc&Lr%LLI hy Ihe conlinucLI pLnI)d wiihdrdwdl c?r L50.000 fri?m InNL'%tmLni% duL l(1 th¢ 114uidit} n¢i(l. I'hL' niilii)ndl dpprL'iiJliÉ)n durin¥ 20?4 wa5 £139.0(M) l!073 £i9.OWI. -There is increasing volaiiliiy risk In curTcni poliiiio-healih-economic factors which wjll probably coniinue 10 affeci.Siock Exihan&ic Ink¥%imvni pcrfomianLe. Impc)rtttnil>, IhL' running pcrfoTman¢i viLld% publi4hcd i)n Ihc%i I'und% arL.'. I'os c_ ).5°10 and M&(i 5.i°/o, beyond InyiliinyTr availablL on Ilank. Dcw%il% bui maiLhin&i Inllillion. .l#a*'ment of Risk Thi Kiik SL%siun pLrithliiall! Ihl niain ri%k% how. thly tnay bL rniiigaiLd. I-IILNL arL klpi undLr rLViCW b). l-hL %eN%iun. -l-hLfi dTL %LPdfdlL ('uilliniiiLil. ur %PLLIIiL NIL'mbL'r% ut. SL%%iun. LhJr¥L'd wilh ri%ks tind undLfgT()Ing? Irdlnlllgi in Ihiir miiigaliiili hiniL privLniingJ Jiiy oiiurrLIiLL Iruin inlL Trupiingj Ihl main ihariiablL and opLrJiioti ofi-hL C'dihLdral. T-hL inain Ti%k% LurrLnilv are finanLial iusiainabilii} Ltnd Iiquidiiy- pariiLulJrl% w'ith rL%pc¢I Iv %utTILIL'ni li)n&i-L'f- IL'nn funds lo rnainiain Ihe qualin. of IhL Mu51c and IhL l.aih¢r Il'illis ()rbI1n. LoniplianLe W'lih l.-Ire. Ilealih &. Safely RLbTuldlii)ns. ITumJn RL'lalion% PuliLIL% & PrÉ)LLdur¢4. litnilinby I'xpI)%urL li) P¢rs1)nal %¢curily InLludin& Ilealih. and RL'puiaiional risk dnd siiificieni NiiliJniL'cr rncnibLrs and liquidity li) susiain oplrqi lions. Hisiorii I.-n Ironmeni SLI?Iland s ¥uidanLL' 1% alUed In rt%P¢LI of ri%k4 a451)Lial¢d witli IIJL buili ¢niiri)nnieni and (iih¢i 3ssorial¢d l.'nh%incLd Disclosure checks are rLquesiLQ I'la The C'liurch of SLoiland Proieciion oificer for IhosL in coniaci with rLl¢idni &imUP% wh¢f¢' pi'T%Undl PV(J i¢lling Is n¢¢d¢d In%uTdhlL IniL'fL'.%l.% dnd (.(}'LY dfL' fL'%'ILw¥d iinnudllv wilh Tru%lLI IIiLl¢iiinily placl. F.xtL'rnI dd¥'iLL' i% %uu¥ht Ill La%L'% ¥4 hLfL' a mallL'r l)Ut-wiih ihL .4kill and kni)w Ildgi %cl c)r thi %1%4lC)n. Suih d% ILL 1% normalls rLadil> a¥'3ilabli ai ChurLh vl'SLuiland DipJriinLni%, IhL CJLnLrdl Tru.4lLL%. ur C'hurLli vl. SLvildnd In%ur&D¢I ( ()InpJnv l_ld. ThL ( ailiLdrdl ()rbpani%&lic>ni iLLk ddviLL' Irum ihL' I TL'd¥ufLr ur SL'%ill)n ('lirk, whLn n¢i¢s.%dry, dll IhL'%L' birvup% drL wiihin Ihi ionirol IrJinl'ork ol-SL.4%ion.
GlaS%OTA" Caihedr¥l li'ar F.'ndcd.11 December 2024 Reser¥es Policy li is IhL "I"ru41ccq wjlicy hi)Id rc%cTr¥ for tM)rmal and LXLLwiinnal luiurl e¥pcndiiur¢. Ai IhL yiJr-Lnd ihL C'hurih hLld unrL%ITILIl I'unJ% l)f £1.2_3?.i)tM) I •(I!I j1.146.IMM> of whi¢h £472.11001?02_1 L44X.IM)Ul had bLLn dL%i¥naiLxl. li.%l¢MI irt nul¥ 14 iu Ihi IlalaThiL Shlil pufw%L'% arL IhLrLin dLsiribid. As Indiiaied earlicr. lh¢ licn¢ral Fund o%.¢r th¢ y¢ars has largely run-ln deficit 4m¢liorai¢d by exLepiional revenue I'riitn lJquidaiJn¥ Irom lime 10 time. LKcasional legacie5 as w¢ll a5. but more si8nificanily and nonnAlly. capitol 2ppfLLiaiion of Inie51menis iogrfher wilh Iran5feff¢d from closed aciiiiiies. A Idr8L protx)nion of l)L'%tgnJicd F'uThJ% iJn¥inaiLd fry>m mJj&r man) year4 ago. whpy¢ ish¢% indi¢MIL'd Ihcir uNe. and whiih nni alw4v% r¢%lnLILd M)ILly ro EncomL aTiing. In thL ( athLJTJI. by IhL naiurL ot. Il% Mlllal and ('Ily ldlu%. %uh%ianiial tun414 dTL occaslonall) Tcquired. and In th¢ Ii¥hi 4)I' Ihi expcn%ii'L ndlure of Ihc%c Niirk-% L'¥LII piibliL t'unilrai%inbi rnoy rcquircd iiy %upplim¢ni our r¢%()Ltrce% for Ihcir complL4ion. ¢.g ih¢ la%1 l)rgan rLhisild wa IINLr LllXI.n(K) -I'hc ( aihidral Jl%i> hold% IMcTr fund% luiJlling E74b.IKb(112(b?.l _ j7.11.IMM)I whiLh havc bccn pruvidcd fi)r Illi puryx)%¢ 'rhi Inic)mc Ir(bm knth IhLii Nlu%ii hclp4 onlv in pdrt lil dilrJ> IhL l)LpdnmLnl % cu%i.% ii?niru114d bv d Mu%LL C-(FmmitteL. For pnmIlr¢. aTMI dnb¢n lTry Ix'4Ui41 in%lTuiiiiin%. Ihl ¥1u¥i 4ri iplii b¥41I4i¥n RLVL'nuL' dnd l-.ndiwrnLllI C'apilal i(1 %hiiv4 IhL IrnL' naiurL lit.hL TL IhLTL arl TL%lnLlI(In4 '1'hL ¥rLai¥%l fL'sinLiicTrll I>%Lf 41LpILiiiJn ¥ppliL% li>-fhL F.ndi)*mLni l(IT IIu4iL of L4Xh.IMX) ITrII11. £475.Iin(11 wh(i%L' Invciimeni incum¢ only 1% 8%1114bl¢ i(Tr subsidis¢ costs ol'rnusicians s•lan&s.
C:1S#U4b C ih¢dral 'Iruli'vJ .rI li'r F-ndrd 3 1 Dcrcmb¢r 2024 ReftreA¢t and .4dminlslr•ilit Inlnrmalinn C-hJrily dnd (ildSBl) Ca1hLral 151. %lun#i) % {Trr 1118hi. Chur¢h lil- SL'()tland. C-ath¢raI Square. (J14Li¥iiW (J4 W/. Chariiy RLbi%lTalli>n Numb¢r' Iti%h Chariii. Xumher. SIWI 39(16 ( on¥rL¥iiiion RL'fL'rn't)L¥ NuM.r Priniipl O(fiL¥¥be¥rtrs Mini)lir. Rev¢r Ilark Johnston¢ ('huTch'l rL'&%urer'. 'y4iiin ('ILrk4". Ind4PLnd¢ni Lxamincr= I1}kers. '4uilli% Fuiid for (-hJr1iiL MJtld¥LTh M & I I In¥t%imLmi% I Id ('hutih lif Ik'p)li l und I hc>ma4 %1)IILr I ImiiLMI ('hurnh i)(K'oiland (iro Fund NLWliin In%tr*tmL'ni Iland¥lfl l.O. I'rii%iees Mini%l¢r'. l..Iders
GIASRvI Cthedral 'I"ruJtl.L'. Anrtul Replirl )er tr'ndld JI Dftembrr 2024 Stalcmtnt of 'frus¢t¢s' Responsibilitles In rtltioA to Trin•nfi•l Wxitmetht% Th¢ TnislLCS havL d¢iidiJ t&) prLpar¢ fiill S()RP fiiianrtal %lal¢tn¢nis tor taih linaniial year. whiih Nhkli4' a inic and lair % iew lif the ¥14llL %)I'al7airN c)I'the rharil). aiid lis financial aciii'iiies for thai pcriod. In prlpdnnb Ihubi tindnciJl lalL TIILni). Ihl Irus1¢¥Th ar¢ r¢quir¢d io'.- sclccl 5uiIBblL aLLouniing p)liCiL and ihLTh appl% thcm coftsisi¢nilv: ubSLYve Ihc mLilxNJ principles In lh¢ appliidbk. ('hdfiiiL )RP. llldkL k¥mnIS i%timal¥Th Ihal ar¥ TL&wnahli prudcni" slai¢ wh¢th¢T applicable arcouniing siandard5 at>d %iai¢m¢nis 1)f reLc>mmend¢d praLli¢¥ ha&v hee lollow¢d. subjeci lii an)" depanuies disclosed and explained in Ihe financial 5131¢1n¢ni%: and prLTafi IhL Iiiidiiiial s18lLmLniN ijn ihe goin¥p Lun¥¢m b"5 unless Ll is JnapprL)PTiJlc l(} PTe%um¢ Ihai IhL charii) ¥4 111 c(Trnrinu¢ In orwiionJl ¢XLqcnc¢. Th¢ IniN1<4 dr¥ 1•41b1& f41r kLXI)in¥ prIY aLLnuniiii¥ rciiirds. which dis¢los¢ Wlih reawndhlc accuracy ai any iiinL' IhL. fiiiJnLial 41110Th ol. Ihe chariiy aThJ liTr Lmable Ihm Iii ¥msure Ihdl Ihl findnLial Slalirninll ilirnply with IhL C'hariiiL% and I'1¥¢ Ini¢>im¥lll I5¥0114ndl pl¥1 l(Kb5 and th¢ C-haniii¥ ALLiiunl% i%iC?I13ndi RL¥ulaiii)n !(Xlh il mindLd I hL J ore rL%lX)ii%ibl¢ li)T tL¥ardIn¥ IhL l?l-Ih¢ rhariiy for thkin¥ reasonable %l¢P ti)r IhL pfil knii(bn ¥rMI dLILkiiiin £il- fTdud vih¥r in¢¥ubJrillth. ThL IrulLi> dfL ri%tKinilTrlk lur ih¥ nNLini¥nanL& and tsnlLwriiy of Ihc ihariiy JnJ fina17 infumiliiun Illi Liin¥fL¥alllln * HLb%il4 11¥1slAiitsn in IhL I'K ¥O&LYnin¥ ITr. pr¢pdralicin JrKI diTnIn#t1I)n i>l' Iiniiiiiidl %ldlLrnLnl may dit'f4r Irom l¢8i%luiion In oihcr JundiriIDS Apprii%Lxi hy IhL Tru%lLxs aThJ %ignttl lyn th¢Lr b¢half by
C'ls%{i C-iihedrl 1st. Ilungo's or IIIRhi Reporl Ibl¢he Ind¢pendelli .iamlTrtr io ihe Trkn51ee4 ofc.las {.•ihednJ .4('Oi.IY06 I rcpon on Ihe A¥¥ounls ofihe ihariiy Ivr iht Jear eThJed 31%1 D¥t-emh¢r !0•4 which are sei oui on pa8es l U 10 Res5¢ respgnslbllllie4 of and eiaffllner I hL charii%'s iru.%lLL% aTC r¢5EK)nsiblc for ihc pr¢paraiLOn ul" Ihe aCi1n14 In aicordancc wilh IhL ierni% of lh¢ C'harilic% and Trusic¢s Ini'c$int 1SL'oilandh Aci ?OU5 and th¢ (Iwitirs Aiiouni8 {SLoilattdi ItLBulaiion% ?IX)6 1415 i1m¢ndedi. -[ hi Lhaniy s ITUSILY¥ Liin%i(i'r ih411 IIK. Judit rcquirern¢nt c)r ReBulai14ffi 10 1 I I lal li) ILI i)f IhL' AiLI)unl RLgiululi()rii dc)LN ni)t appl¥ Ir is my rel)nlI}illIv in ¥iJminL ThL 1C{blIn1% a% r¢qiiiT¢d undcT seciion 44 11 I l¥ l (Ir IhL' A¢1 2nd 10 siale V+ hi¥ih¥T Partiiular maiiLr% ha%¢ 10 m). aii¢niion B•sls Df Independvmi vimintr'% %l¥temenr IN L.XJTlllJlalll)Jl 1% LJfTlid irt aliilrdJnL Miih Rcguljiion I l ol'ih¢ ('hJiil?c% AcLllllnl% I%Libiliind i RL¥vlalion5 144 aiTI jn4liill An t¥Jminaiion InLludcs d rL% I¢ IhL JLLuuniin¥ rLioTds kL'Pi bh Ilii ihJriiv dncl ii)mpiin%i>n i)1 ihe LilIrti prnxniid wilh thi) r¢¢(brd% li al¥ In¢luth'% iiJn%idLraiitsn iyl" any Iicm% (Ir diKlo%urL¥ in IhL' 4K4()uni%. and NL'L'kin¥ ¥Mpl4nJii()n% fr1 IhL' InJ.%lftN ciillccrnin8 any iu¥h rn4lllLT%. I"hc prnK¢durc) und¢rtak¥n dii pcbi pr()I Ide dll th¢ th Ideni¢ Ihai V4'Lwld h. f¢4Ulr¢d in In audii. and nsequenTlY I do ni>1 L'xpri%4 an aisdii i)pinic)n on ih¢ % iew ¥i%¢n b) Ihk a&Llbunis. Ind¥pendeni ellxmln¢r'4 stattnient In IhL k()ur)i ol m) iianiiiiaiion iil'llii fiiai¢mcni for tk. yLar ¢ndcd Jlsl Lkremb¢r 0?4. maiicr Ll)mL' 10 m} allL'niun .hich g¢VL'% mi r¢4%(#bIL L4LLl to bclieK¢ thai in IY malL¥ial fL4PLLI Ihc TL4uircm¢ni liTr kLI'P thL¥L?uniin&T fiiibf41% irt ai¥i)r¢JaniL Viiili 'Ll•th 44 11 I (al of IhL IMTrS Ali RLbvulaiiiin 4 tu prLPaTi a&iuunis ¥4hi¥h wilh iliL diLOLtniing aTMI comply with R¥¥ulation 11 ofih¥ ?(MJf) A¥&i)uni4 RL¥tulalLiTrfb% arncndL} hJie ncpl kn'n rnLI. Ibr 10 w.hiih. In niy ihpiiiioll. alILlIn should bc drawn in ord¢1 iu inJhlL a prvpir und¥'r4ldndinbi vf lh¢ LLE)Ulll hL' f'b(d.
Glasgow Cathedral Statement of Financial Activities for the year ended 31 December 2024 Unrestricted >stritted Funds Endowment Cathedval Other Orgs Music Fund 2024 2024 2024 Llnrestricted *sirlrted Funds Endowment Funds Cathedral Other Or85 Music Fund 2023 2023 2023 Z023 Funds 2024 Total Total 2023 Note 2024 Income and endowments Irom.. Donations & legacie5 Charitable activities Investment Income Other 70,040 5,961 15,254 31,928 123,183 8,325 6,546 84,911 5.961 55,040 43,034 188,946 79,717 2,188 13,618 2.304 97,827 7.434 9.367 96,518 2,188 49,224 13,502 161,432 38,294 11,106 57,725 1,492 34.398 11,198 53.030 1.208 Totsl income 8.038 10.575 E¥pendf(ure on- Charitable activities Other 129,381 82,863 212.244 8,710 220,954 111.623 69,105 180,728 13,524 194,252 AppA ,710 8,710 13.524 13,524 Total expendr(ure 129,381 82,863 111.623 69,105 Net incomellexpendf(urel before gains & losses on investments Net gainslllossesl on investrnents Realised Unrealised 16,1981 125,1381 16721 132,CN)81 113,7961 116,0751 2,9491 132,8201 16711 27,940 2,131 16711 138,697 106.018 92,123 85,925 7,337 6,665 11,297 11.297 44.165 30,369 11,1281 117,2031 4,655 1,706 11,310 11.310 59,(X)2 26,182 Net incomelle¥penditurel Transfers between Funds Net movement in funds 85.925 2,131 6,665 11.297 106,018 30,369 117,2031 1,706 11.310 26.182 Retonciliztion of funds: Total funds brought forward Total funds carried forward 1,146,583 14 1,232,508 257,410 259,541 97,CX)2 103,667 475.590 1.976.585 1.116.214 486.887 2,082,603 1,146,583 274,613 257.410 95,296 97,CX)2 464,280 1,950,403 475,590 1.976.585 10
Glasgow Cathedral Balance Sheet as at 31 December 2024 IOZ4 2023 Note Fixed As5ets'. Investments io 2,032.393 1.944.367 Current Assets Debtors Cash at bank and in hand li 3,720 51.590 55.310 3,100 48,762 51,862 12 Totsl Current A55ets Creditors falling due within one year 13 5.100 19,644 Net Current Assets 50,210 32,218 Net Assets 2.082.603 1,976,585 The funds of the charlty.. Endowment funds Restricted income funds Music 486,887 475,590 259,541 103.667 1,232,508 257,410 97.002 1,146,583 Cathedral Organisation5 Unrestricted income funds Total ¢harity fund5 14 2,082,603 1,976,585 The accounts were approved by the trustees on 11 and Signed on their behalf bv.. session Clerk Treasurer
Glasgow Cathedral Notes forming part of the financial statements for the year ended 31 December 2024 AL¢lJllllting PtsliLi¢S TIIL prinLIPdl dlLouniinb pÉ)IIciL'%. h1h haL. bL'ert tipplied conhisicnils in IhL currcni aiid preceding year in dealiiig with IlLms whiLh arL considLfLd mdlL'rial 10 the aLLounis. are sei oui below. B#515 1)( preparutin I'hi. JiLuunt% haiL bccn PTcpar¢LI und¢r ihc h151on¢al Lu%1 Lunveniiurt. mlfIL.d its rLflcLI the inilusion ol Inv¥%imL'nt% dt markil idluL'. in iliLur(knnLi with JppliLdblL aLLuuniinbr %tdndArds. ALiouniing and RLponin¥k b ('hariliL%.- Statlrnint vf Rt'rvtnrnindLJ l>rJLiiLL dppliiJbl¢ iu ihJriliL'.% pfLpJrin¥ IhL'if dLLvunis in aLLOTdanLL wilh IhL' F'indnLidl RLporlin¥ Sidnddrd appliLabl¢ in ihL I.'K and RcpubliL ufirLldnd l FRS I O?) IclTLXliVC l JanuaTr !U l Y). Ihc C'hariiiLs and Tnjsicc Invesimcni 1Scoilandl Aci ?(K)5 and Ihc C-hariiic% Accoun1% (Scoilandi Rcgulaiion5 !006 la4 amendedi. Thl 'fru%iuL% LOll5idcT Thai IhLTC arL nil maiLTial uniLrtaintlC5 ab()ut IhL Chur¥h'% ability tl? LC?niinuL' as a gi)In¥ LOnLCrn. Cathedral Ur%ani5ations l-hc accounis Incoorale IhL Inany C'ailiLdral Urgantsaiions which. whilL' caili 14 %¢PJTal¢ly ¢vn%titul¢d and managed. are within ihe oN'erarching gioi'crnancL ol-lht Kirk Se5510ll. Thtse re%lrici¢d funds are all turther d¢iai1ed in Appendix A. Funds Fund% arL Lla%iifiLd d% L'iihL'f L'ndow'mL'nl IunLli. fL'SIriLILd lundi or unrcsinilLd funds dLlinLd as toll0.5.. ThL LndowinLni fund 1% rLsITiiILd lur Mu%iL with IhL oribtinal iapiial rL4Utrin¥ 10 bL pfL%LfvLd. bul w'iih USL of ihL Iniornc ari%ingp for dclinld objLiliVL% of Ihl ihariij. Oihci Rcsiricicd funds arc fijnds 4ubJccl 10 4pciifti rCquircmcnl as TO IheiT h1¢h may be declared by ih¢ donor 01 crcaled through legal proce55C5. bul 51111 'ithIn the wider Object of th¢ charily Lni¢sliicted fund5 ar¢ ¢xpendable al Ihc d15creiion of ihe ITUSi¢e5 in furth¢ranie c>f Iht ObjL¢s of the charity. 11 furtd% arL L'drtndrkLd at IhL' di%Lrili(In of thL' Iru%iL¢ for d PJrtituldr purpu%L'. IhL J dfL dL%i&inaiLd as a sLparaii fund. Thi4 designaiion has an admini%ifaiivi' purp(i%i ()nly and doe% noi legall} rL'%lriCI ihL IruslCLS' discTLiion to appl%. IhL .111 Iniumi 1% Iniludid whL'n thL' Lharily hJ% L'nliilLmLnl IhL'rL'lu. EnduwmLni vr rL%iriilLd funds arL InLludLd whLn IhL PLrforiiidnLL iondiiion% dlUihLd hJvL bLLn MLI and whLn thL ainouni ian bL tnLaurLd rLliably. IX)naiifi)n iifis in kind arc broughi inio Ihe account% ai their markci value io the charity. -Ipenditure l.xpLiidiikirL 1% recognised on an accTual4 ba%14 when ihc liability Is IncurTCd. T#nxible Ilied as5vIs -l-hi LliarilN ha% IhL rigihi Iv IYLLUPJ and U%L fur 11% charJiablL objcil% Llnain Idnb?iblL fiKLd a5sLIS, including thc (-hurih. halls and mansc. ThL C-aihLdral 1% U%Ld lor QongTrcgaiional purpo%c% councfiy of Ili%ioric F.nvironmcni coiland in which il Is I'ested. The low'er hall ol. Si Mung70 5 Museurn 14 on a pper¢0M ILa%L frum Cilasgow Cilj ( (iuncil. Th¢ Man5¢ al Bifihi)pbriggs 15 %'e51ed in The C'huTrh of Sci)Iland CJL'nL'ral Tru%lLLS. Nu cunsidLrsiion is payabl¢ fc)r ihL' u%c ol Ihcsc a&sci%. I'-XPLndiiurL illLurrLd un thL' fL'pair and rndinlLnaniL' uf tis%Lils 1% Lhdrglq d5 fLSL)ufLLS LXpLndJ in Ihl siaiLinLnl of and wilh a lifL grcallr Ihan unL yLar 1% LdpiiJII%Ld DLprLiiaiion 1% pri?iidLd i)n a %lrJibyhi-Iin¥ Iv WTJl¥ ih 041 or inil)al alUe.1¥s% rjsidual &aluc. ofiangyiblc fixcd a14Ll 0er IhLIT ¥slimdli'd U%L'lul lIl.%. -rhL Orbian 1% d fixturi uf ihL CaihL'QTdl fabrii bui it Is ImprnLIILJI 10 NaluL. LlthLr io%1 or dLprLiiaied replacerncni valui. Nldjur rLbuilds arL rL'quifLd In IhL' Ii)n¥ ILMI. dpproximaiily Ll'Lry jo 10 •$ yLdrN. whln %ubianiial spLLific fundraiNing undcnakLn. TIIL lasi 4uih rlbuild w&s in l Y45 for a um L)l- Jusl ov¢r L3(M).IKM) which wa% rail¢ by Thc Siiiiclv of Friend% uf (ila%gioM C-aihLQral.
Glasgow Cathedral Notes forming part of the financial statements for the year ended 31 December 2024 A¢iuurttin¥ Pvlicic5 Iconlinui,dl Ini'e%iments IXLd ai%LI In% L%iminl4 ari %iaicd ai IlliirkLI iJIuL dl Ihi bdlancc %hLCI diSlL. l.nrLdliiL'd Ii)%SC% TCPTc4eni tIK' dillLrLllLL bLIiI'LLn tnJrkei ialul di IhL blginninb) and cnd (Ir Ihl linaniiJl yLJr iTrr. Il-purLhdsLd In thc yidr. thc diflLrLniL bLIWLL'n Lu%1 dnd tnarkll ViiluL di IhL Lnd vl. IhL' yL'Jr RiJli4Ld b7ain% and 10%sL'% fLpfL'SLrtT IhL diftirLnL¢ b¢iwivn IhL pfoLLL'ds on di%pusJl dnd thi rn4rkLi ¥aluL ai IhL sldft uf IhL' yldT I)T LU.41 If purLha5Ld in IhE' yL'dr. ialion Thi. C'aihedr4?l is recob*ni%ed a% a rhariiy lor Ihe pUoseS ofappliiablc layaiion Icgyislaiion and Is therefore noi %ubJ¢¢i lo laxalion on its chariiabli diltviliL4. ThL chariiy is not reI151LrLd fcir '.T Jnd LXPLnd1tUTe IhLrLIoTL inlludi IrrLCOV¢¥dblc Inpui I'A T.
Glasgow Cathedral Notes forming part of the financial slatements for the year ended 31 December 2024 Unfesirkted Fund5 2024 Restricted Fund5 Errtlowment C•thedral Other Orys Musl¢ Fund 2024 2024 2024 Unr¢sirbcted Funds 2023 Ae5trKted Fund5 Endowment Cathedral oihei Or8$ Musi¢ Fund 2023 2023 2023 T4xal 2024 Total 2023 2 Oonations and Ltiatiès Ollerings Tax Recovered on Gilt Aid Legacies Donatiorns 59.143 10.897 3,750 825 62.893 11.722 68,177 li.S40 4.109 825 72,286 12.365 6.S46 6.546 9.367 9.367 9,367 94.018 2,5 70.040 4.S75 3,750 81.161 3.750 79.717 4.934 Add Delerred income ILe551 Deferred Income 70.040 8.325 6.546 84.911 79.717 7.434 9.367 96.518 3 Income from Charlthble actlvltles Seryice fees 5.961 5,961 2,188 2.188 4 Invesiment in¢omè Dividends received Deposit Interest 14.682 572 IS,254 38,294 1,226 266 1.492 54.202 838 55.040 12.608 I,oio 13.618 34.398 48,Th)6 1,2 18 49,224 208 1.208 38.294 34,398 S Other Income Drawn down from General Tru5tee5 Other creditora released 22.128 11.106 33.234 9,8C 43.034 2.304 11.198 13.502 31.928 11.106 2.304 11,198 13.502
Glasgow Cathedral Notes forming part of the financial statements for the year ended 31 December 2024 un5¢rted Funds Restritttd Fund5 Endowment Cathedral Othef Orgs Music Fund 2024 2014 2024 Un$11tted Funds 1023 Re5trirted Funds Endowment Cathedfal Other Ory Music Fund 1023 2023 2023 Total 2024 Total 2023 2024 6 Analysls of Expendrture Charitable ActNities Giving to Grow Contribution5 Presbytery Dues Minisier's Ifavel Manse Council Tax Warden salary and travel Other wage costs Strategy review and on-c05ts Fabric repair5 and maintenance Manse upkeep Church Office expenses Independent Examiner's Fee A¢tounting cost5 Srreaming costs Organ and Music Music Director & empenses Organists, leès Choir pay, music Ipayroll costs Organ Repairs 54.230 6,509 2,777 54.230 6.509 2.777 60.520 3.805 2,160 3.130 60,520 3,805 2,160 3,130 6.145 10,486 13.3rx) 1.824 21.648 8.182 6LX) 6.145 10.486 13.3LIJ 1.824 2 1.648 8.182 13.624 12.233 1.611 1.577 6.463 450 13,624 12,233 1,611 1.577 6,463 450 1.050 1.050 28.165 6,145 41,091 7,462 28.165 6,145 41,091 7,462 14,936 5.$99 38.248 10.322 14.936 5.599 38,248 10.322 Total 129,381 82,863 212,244 111.623 69.105 180,728 Support costs have noi been separately Identified as the trustees consider there is only Or charitable activity. Therefore support Costs relate wholly to that activity and have noi been separately Ideniified. 15
Glasgow Cathedral Notes forming part of the financial slatements for the year ended 31 December 2024 Staff costs and numbers 2024 2023 Salarie5 and wages Pension c05t5 Total 107,121 864 107,985 101,048 343 101,391 The average number of employees during the year was as follows.. 2024 Number 2023 Number Administration Mu51C Staff 120 12.5 No employee had employee benefits In excess of É60,00012023 nill All Church of kotland congregations contribute to the National Stipend Fund which bears rhe costs ol all ministers, stipends and employer's contributions lor national insurance, pension and housing and loan fund. Stipend5 are paid in accordaDce with the national stipend scale, which is related to years of service. For the year under review, the minimum stipend was £31,642 and the maxirnum Stipend Iin the filth and Subsequent years) was E38,884. Trustee RemuneratSon and Related Party Transactlons The Minisief received reimbursement lor Council Tax and travel expenses totalling £6,45712023 £5,290). Mr and Mrs Collie, Elders, 0rate a Media Company- Collie Productions, which billed £5,276, 12023 - E2,3101 lor admin IT services. During the year a total of £15,43012023 - £14,195) was donated to the con8re8ation by Irustee5. Volunteers In common with all congregations of the Church ol Scotland the congregation benefits from the contr1bution made by volunteer5 who give their tirne and talents willingly lor the benefit ol the Church. The areas ol congregaiional life which rely on the tontribution of volunteers are many and varied and much ol the activity would be unable to continue were it not for the commitment shown.
Glasgow Cathedral Notes forming part of the financial statements for the year ended 31 December 2024 10 Investments M&G Chorilunds CotheL4rol Orher Orgs Cothedrol Orher Or9S Church of Scotlond Totul 2024 Total 2023 Market value at l January Purchased durin8 the year Sold during the year 150,6711 Gain Illossl on revaluation 75,337 Market value at 31 Oecember 1.279,052 1,254,386 30.527 610,832 48,622 1.944.367 1,885,365 150,6711 4,587 138.697 59,002 53,209 2.032.393 1,944,367 2.750 33.277 56.023 666,855 Investments at cost 586,955 3.481 363,155 28.123 Net gains/llosse51 on disposal ol investment5 Sale proceeds Markei value at I january Net realised gainslllos5e51 in year 50.000 150,6711 16711 Total Market Value Cathedral Other Orgs 1,945.907 1,865,218 86,486 79,149 2,032.393 1.944,367 11 Oobtors Z024 2023 Gilt Aid Tax Refund Due Other- 3,720 3.1 3,720 3.100 12 Bank and Deposits Generèl Deslgnated Restrlrted Restrlrted Funds Funds Cathedral Other Or89 Total 2024 Total 2023 Bank 13,080 20,079 33,159 1,250 11,807 5,374 17,181 26,137 25,453 51,590 26,654 22,108 48,762 Deposits 1,250 13 Creditors falllng due wlthln one year 2024 2023 Accruals Other Prov15ions Deferred Income lor future years for Music 5.100 6,094 9,8 3,750 19,644 5,100
Glasgow Cathedral Notes forming part of the financial statements for the year ended 31 December 2024 14 Movement in Funds Atl January Incomine Outgoin8 2024 Resources Resources n¥estfflents GainllLossl on At31 December 2014 Transtsrs Unrestricted funds ()rby C apiial PropLrli' FiibriL CILnL'rai Fund 210.5117 217.63X 6gX.35X 123.183 1.146.S83 123.183 13.517 10,388 68.218 92.123 224,104 248,026 760.378 1.232,508 1129,3811 1129,3811 Restrltted funds Music Fund Endowment funds Music Fund 'loi#l ('ihedrl Tr'unds Restrlcted lunds Other Or8anisations 257.410 57,725 182,8631 27.269 259.541 47$ $9 11,297 1212,2441 130,689 486,887 1.978.936 1,879.583 180.908 97.002 8.038 18,7101 7.337 103,667 Total funds 1,976,585 188,946 1220,9541 138.026 2.082.603 Anafysislor P¥105 Atl GalnllLossl jary Incomiry outy01 on Mansel 2023 Resources Resources n¥estments At31 Oecember 2023 Tran5f¢rs Unreslri¢ied funds ()r¥ati C'iwiiJI ProtKTiy Fabri (ilra1 Fund 205.331 229.368 681.515 1.116.214 S.256 8,370 30,639 44.165 210,587 237,638 698,358 1.146,583 97,827 flll.623) 97.827 1111.623J Restricted funds Music Fund Endowment lunds Music Fund 'rolil C'athedr#l Funds Restri¢ied funds Other Organisaiions 274.613 53.030 f69.105J 11.128J 257,410 464,280 1,855,107 ISO.857 (180.728) 11,310 54,347 475,590 1.879,583 95.296 10,575 f13,5241 4.655 97,(W2 Total funds 1.950.403 161,432 (194.2521 S9,2 1.976,585
Glasgow Cathedral Notes forniing part of the financial statements for the year ended 31 December 2024 14. Tr'ynd Moi'cmLn¢s durin% ver l¢otytd. Dc5iRnled Funds Cjyxun C &TPlful I hi lund rLprLL'n1s dllumulalL doniiiions and sums 5¢1 includinB fLLndinb rn'%iduL iillir ihL la%1 Indj(Trr r¥build In Iy4)fi. Iv inabl¥ Ilrm rnJJor TLi>airs. ISIL al%0 nolcl.. I'angiblc Pixcd AS5.) PnJpÉ'rfi' ¢É l.iihri¢- Thi% I'und Ir4)m NpLxilic th)naiion% a¢¢umulaicd 0cT many yiars Ic?¥iihcr with mi)nic4 dc)naiLd by Vliiii)r 10 ihi ( athLdra1 (but harL '11h 11111)Th¢ SLoil#ndl fur Ihc mainienanLL ofmui'Labl¢ langTiblL4 bLlonb7inbt 10 ThL Rrstrlitc.d Tr unds 'I'hii I'und iompri%L 111 mJJurdunatii)n4 dnd IL¥ail&% a¥ru%s Indny yLJr%. WLII d% Lun&iJni ¢urrini I'undrai%inbD. Jll lu J.%il in dLlrJyinbP ihL' Jnnudl LxNndilurL ufihL' Mu%iL IX'partmLni %Lh lor rLPdlTS lo IhL ()rbTJll. WLII %pLLifii4illy %ub%idJsinb lIuliian% Wil¥l. FndiJMm¢'ni l.iimd T'hi¥ iapiial Lndi)w InL'ni luiid k'Ln L%iabliNhLd a% In%lrnLlid bv IhL diJiii)rN i>r Ihiir IL'bdl r¢prL'%Liiiaii%'L4 %uLh Ihal Liiil> IhL iniiniL' dfiinb lioin Ihi Lndi)winLni fuiid IK. L TLdiiid lib Ilii MuiiL I)IpdrimLtbl. Mil.%1 ill. Ihl in%ifuLiitsll% in Ihi rilnlLxi lif %upp()rttn¥ ¢huir olarii% hICh IN h> (Ar Ihk Idrbi%l ()n.¢11s1. Tlii 'hOl(. inLiiniL' arising is shi1 a5 a sub51d)- again%1 Ikpanmeni 11 (Trnly Ptiniiilly Lr% the 15 Analysis of Net Assets Amoni Funds General Desl¢n•ted Ilestrkted Resirknd Ermlowment Fund Funds G)thedr Other Orys. Muslc Fund Total Investrnents Current Asset-cashldep051ts Debtor5 Current Liabilities Net assets at 31 Oec. 2024 728.S99 472.130 33,159 3,720 15.1Th)1 760.378 258,291 1.250 86,486 17.181 486,887 2,032,393 51,590 3,720 15.1001 486,887 2.082.603 472,130 259.541 103,667 Previous or Gentral De5iKned Aestrkted Rtstrlcled Erylowment Fund Funds cathedr Other Orgs. Music Fund Totsl Investments Current Asset-cashldew)5Its Debtors Current Liabilities Net assets at 31 Dec. 2023 683.993 27.159 3,IC 115,8941 698.358 448.225 257,410 3.750 79.149 17,853 475.590 1,944,367 48,762 3,100 119,6441 475,590 1.976.585 13.7501 257.410 448.225 97.(hJ2
Notes forniin£ part ol the financial statements AH)endix .4 ,ts5Vfllvd ()r%niS*1ion5- Re51rirled 2024 Thursday Coffee Club Flower Fund Linen & Fabrics 2024 Thursday Coflee Totals Club Flower Fund Linen & Fabrics 2023 Totals Income from.. Donations 1,081 89 5,465 6.546 266 1.226 8.038 2,577 6.790 9.367 208 Inve5tfnent In¢ome - Interest Dividends 177 124 1,226 6.691 Total Expenditure on.. Grant5 and Donations made Other 1,170 177 2.661 7.790 124 10.575 264 1,652 6,794 8,710 1.295 11,557 192 13,524 Total Net incornellexpenditurel before 8ain5 & losses on investments Net Investment Gains ILossesl Unrea115ed gain Net Income I (exnditUTel Transfers to Cathedral General Fund Nei movement in funds Add.. Opening funds l Jan 2024 Cash, 8ank balances Deposits Investments at MV 264 1.652 6,794 8,710 1.295 11,557 192 13,524 12641 14821 11031 177 16721 1.366 13,7671 1681 12,9491 2.750 2.486 4.587 4.484 7.337 6.665 1.069 589 3.586 11811 4.65S 1.706 14821 177 1.366 1681 2.486 14821 4.484 177 6.665 589 1,366 11811 1681 1,706 2.035 2.698 1.715 6.029 1.983 3.393 12.745 5.108 79.149 S.553 103,667 2.S15 1.393 1.654 9.796 2,171 3,273 15.875 4.927 74,494 97,LK12 30.527 35,048 48.622 59,135 29,458 32.562 45,036 54,651 3,931 4.413 5,376 C105in8 Fund5 at 31 Oec 2024 Cash. Bank balances Deposits Investments at MV 1.771 2.127 5,926 1.983 3.570 11,807 5,374 86,486 5.553 103,667 2.035 2.698 1,715 6.029 1,983 3,393 12,745 5,108 79.149 97,lJ)2 33.277 35.048 53.209 59.13S 30.527 32.562 48,622 54,6SI Total Or8anisations' Funds 3.931 4.413 5.376 ?n
Glasgow Cathedral Notes forming part of the financial statements Appendtx 8 FUNDS HELD ON BEHALF OF THE CONGREGATION 8Y THE CHURCH OF SCOTLAND GENERAL TRUSTEES ZOZ4 2023 APIT L ACCOUNT Credit 831an¢es held at 31 December at cost 731.955 731.955 Market Value ol 8alan¢es ai 31 December 960.939 888,876 REVENUE ACCOUNT Credit 8alances at l January Add. Interest and dividends receivèd Less.. Orawn down by Congregaiion io meet property repairs Ditio organ repaifS Property Insurance Recovered Strategy review 5 Marks ol Mission Administrative charges by General Trus¢ees 53,530 27,679 110,3241 111.1061 11,8041 iio.0001 11.9951 45,180 23,410 12.3041 111.1981 11.5581 Credit Balance at 31 December 45.980 53.530 See also notes 5 and 6 in the main a¢¢ount5 explaining the relationship and availability of these funds to the Cathedral. This Appendix Is on cash basis whilst accounts are on ac¢nw15 bas15.