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 ITU*l¥¢s pr<%inl thLIT annual rLIMin and tinancjal 4lalLmenL4 01"IhL Lhariiy lor thL yLaT Lnd¥MI 31 [k￿L￿nbLT 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 Rip￿bIll of Ircland IFRS I LI?> IclT¢cli￿c
l JJnJaTr ?IllYI
GC)I'EIiNANC&' ,%ND .IC' I IN I"1 IF"
I'hi ur¥aDi￿11On ol. IhL C aihidral s is carriLxI i)ul ￿nIlL( IhL SUtKYsiiion and IlirLXiIVll LifihL Kirk St%.4ion. uDdt'T
a qu()￿ otnnia IYPL ion*lllUlttsn.
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 C￿Opera1￿ wjih oiher C'hurches In %arious
ecumenical bLMlies In ￿'0118￿d 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%￿%9110￿al 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¥r￿at1(>n￿l 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¢m￿n and ¢i"¢ning 5¢r¥ice5.
addTei51ng dii¢r%¢ n¢¢d% and agtraciing paTricipanis.
<>b￿rig￿te 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[￿rnian￿L￿.
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.olla1￿r￿1IonS
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". EIuilhi￿inJ (irammlir k.hcK>l
ThL' TrddL% IIuu*L 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'%' Annu*l RepDrl
I'lir F.nd¥d .11 Drccm￿.r 2024
(io>ern&nce and 4tfgieRlt Pl*nnltt
(Joi'lrnancc this yLiir IncludLyl arti￿¢ LiigagLlliLni wilh (ilil*gC)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 %traiL￿lC
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 ￿p￿intM￿nI￿ 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. 0￿￿r IUV iiikil% wLrL wilh

C-14s%ow Caihdral
'Jru*lÉ'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 {l￿n 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 ln11n￿l￿g 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 rC￿e￿.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 aLli*in% 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 b*ld5% installdTI()n hu% hL'Cll L()mmi%sJoncd Iri)m
Irtbrn Ilnbl()n 1%
PLITrLiing furthKT %llJ(l! In IhL liLld thr%I￿1nL'd gld%%-mdkinx Jt (ilJN¥i)w %chool Dr .lrt I Iii. Ilill Iii%l.'illJiii)n 14 Incalcd

C¥ih¢dr*l
I"ru4t¢i*' R¢purt
le*r Tr."ndcd I l Dcrfmhi￿r 2024
()Ihir ftl&4g11¥4 XS11 LILni4 In¥luilL J virtuiil T¥£LlIly PTLSL'nMti(>n rLxfLJiin¥T Ihe IniLmal appcaTanL¢ nl Ihc mLdiL*al
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 prQ￿7TJ[n￿1￿ 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 & ra￿l(}r Siri¥kland shown
Pldnt%l Ji*naih4ill 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-rLL￿l%.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. Ri*ummLndLd 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 £$6.0001 IO*I . L6¥.Wlll and { Jill .4id Q?f L I l.lTh). Ini e%lmLni
Incomc coniinucK to k" SilPPONINL ag.'i?n41 w'hiih Is IhL' L'IILLI on InLI)mL Dl'diTnini4hing Invi4itd lynd%. ThLr¥ ￿'ere
n(I I Vg￿ll1¢% in IhL }eai l ?1123 . Lnill
41r Il'.k rLIL'Jse of prv% i%ions noi run%idcrcd neLC4￿ry of £9,800 dnd a rlsidual
LLUlUry ol. L_l ?fMI.
£189.0001202.1 £161,iH)01
muutsi InJiyi
Re*T*urri'$ 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 rai*UlliLi 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 pdyTnL￿I 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.11￿￿li 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 In￿ethI)L￿1 IiicomL. roulini donaitons noi mccnngthc bill gii¥'lllbi 10 thL' cinLwirtbtr liquidaiion ol-IniL5micnis.

(:la%xoM' C#ihtdral
I'rustL'¢S',IntLu￿I 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-J￿ir%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>LTh*LS 1% [Li()¥ni￿1 thL 5tsrKL￿ lurdll IM￿ I14uid flu￿LI.
uii prtA)ILYni duL Find￿1￿1 RLityldiiurt% ix'tng mixL %trrtyiL￿1whth ￿￿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 In￿e￿iLd 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 ()rbI￿1n. 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 aTi*ing. In thL ( athLJTJI. by IhL naiurL ot. Il% Ml￿ll￿al 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 pnmIl￿r¢. aTMI dnb¢n lTry Ix'4Ui41 in%lTuiiiiin%. Ihl ¥1u¥i
4ri iplii b¥41I4i¥n RLVL'nuL' dnd l-.ndi*wrnLllI 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:1*S#U4b C *ih¢dral
'Iru*li'vJ ￿￿.￿rI
li'*r F-ndrd 3 1 Dcrcmb¢r 2024
ReftreA¢t and .4dminlslr•ilit Inlnrmalinn
C-hJrily dnd
(ildSBl)￿ Ca1hL￿ral 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
Priniip*l 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

GIASR￿vI C*thedral
'I"ruJtl.L'￿. Anrtu*l Replirl
)e*r tr'ndld JI Dftembrr 2024
Stalcmtnt of 'frus¢t¢s' Responsibilitles In rtl*tioA 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￿¥m￿nIS 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 Iru*lLi> dfL ri%tKin*ilTrlk lur ih¥ nNLini¥nanL& and tsnlLwriiy of Ihc ihariiy JnJ fina￿1￿7 infumiliiun Illi
Liin¥fL¥alllln * HLb%il4 11¥1slAiitsn in IhL I'K ¥O&LYnin¥ ITr￿. pr¢pdralicin JrKI di*￿TnIn#t1I)n i>l' Iiniiiiiidl %ldlLrnLnl
may dit'f4r Irom l¢8i%luiion In oihcr Jun*diriI￿DS
Apprii%Lxi hy IhL Tru%lLxs
aThJ %ignttl lyn th¢Lr b¢half by

C'l*s%{i￿ C-iihedr*l 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
Res￿￿5¢ respgnslbllllie4 of and eiaffllner
I hL charii%'s iru.%lLL% aTC r¢5EK)nsiblc for ihc pr¢paraiLOn ul" Ihe aCi￿1n14 In aicordancc wilh IhL ierni% of lh¢
C'harilic% and Trusic¢s Ini'c$i￿￿nt 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￿)n￿lI}illIv in ¥iJminL ThL 1￿C{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 vi*mintr'% %l¥temenr
IN L.XJTlllJlalll)Jl 1% LJfTlid irt aliilrdJn￿L 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 ￿Li￿lIrti￿ 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'ni*un
.hich g¢VL'% mi r¢4%(￿#bIL L4LLl* to bclieK¢ thai in I￿Y 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. alIL￿lI￿n 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'%. ￿h1￿h ha￿L. 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. m￿lfIL.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 Inco￿orale 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 tnLa*urLd 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 LXpLnd￿J 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￿ 0￿er IhLIT ¥slimdli'd U%L'lul lI￿l.%.
-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 %ub*ianiial 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 pU￿oseS ofappliiablc layaiion Icgyislaiion and Is therefore noi %ubJ¢¢i
lo laxalion on its chariiabli diltviliL4. ThL chariiy is not re￿I151LrLd 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
un￿5¢r￿ted
Funds
Restritttd Fund5
Endowment
Cathedral Othef Orgs Music Fund
2024
2014
2024
Un￿$1￿1tted
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, 0￿rate 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 ('*ihedr*l 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￿¥10￿5
Atl
GalnllLossl
j￿￿ary Incomiry outy01￿ on Mansel
2023 Resources Resources n¥estments
At31
Oecember
2023
Tran5f¢rs
Unreslri¢ied funds
()r¥ati C'iwiiJI
ProtKTiy Fabri
(il￿ra1 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% ve*r l¢otytd.
Dc5iRn*led Funds
Cjyxun C &TPlful
I hi* lund rLprL￿L'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 AS￿￿5.)
PnJpÉ'rfi' ¢É l.iihri¢-
Thi% I'und Ir4)m NpLxilic th)naiion% a¢¢umulaicd 0￿cT many yiars Ic?¥iihcr with mi)nic4 dc)naiLd by Vliiii)r
10 ihi ( athL￿dra1 (but ￿harL￿ ￿'11h 111￿11)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.%*i*l in dLlrJyinbP ihL' Jnnudl LxNndilurL ufihL' Mu%iL IX'partmLni %￿Lh lor rLPdlTS lo IhL
()rbTJll. WLII %pLLifii4illy %ub%idJsinb lIu*liian% 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 inii*niL' dfi*inb 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 Resirkn*d 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 De5iKn*ed 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
,ts5Vfl*lvd ()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 (ex￿nditUTel
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.