Charity registration number SC033802 IS¢otlandl CATHCART CHURCH OF SCOTLAND, GLASGOW ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ALEXANI>ÉR SLOAN TC Group Business Adwsors & Accountants 180 Sl Vincent Slreet Glasgow G2 5SG
CATHCART CHURCH OF SCOTLAND, GLASGOW LEGAL AND ADMINISTRATIVE INFORMATION Klrk Sosslon Hedor Matshall Janice McKay Ewan Gourtay Alex Hardie June Allison Alasdair Bates Karen Beveridge Linda Burke Alison Oavidson Kristin Drummond lain Dull Christine Duncan Anne George Amanda Gillan Ellen Hamillon Alex Harris Robert Hutcheon Pamela Kit¢hin May Laughlan Joan Lindsay Eilidh MacDonald Donald MacLeod Iliam Martin Derek Mclnty Eric McLathi8n Gail McLay Janel McNab Gay Morrison Anne Neilson Douglas Palon Fiona Paton Ine Paul Christine Penney John Richardson Fiona Shertand Moira Hargreaves Prlnclpal Offlce Bearers Reverend Alasdair Macmillan Ewan Gouwlay Alex Hardie Minister Sèssion Clerk Church Treasurer (from January 20261 Church Treasurer (until Janary 20261 lain MacDonald Charity number (Scotlandl SC033802
CATHCART CHURCH OF SCOTLAND, GLASGOW LEGAL AND ADMINISTRATIVE INFORMATION Prlnelpal addMs8 90 Clarkston Road Cathcart Glasgow G44 3DA Ind•p•ndènt examlnèr Allison Devine CA. TC Group Business Advisors & Accountants 180 Sl Vincenl Street Glasgow G2 5SG Bank•r8 Royal Bank of Scotland 1 Moncrieff Street Paisley PA3 2AW Solleltor• Law Departm&nl Church of ScoU8nd 121 George Streel Edinburgh EH2 4YN Investment 8dvl8ors chUh of Scolland Investors Trust 121 George Street Edinburgh EH2 4YN
CATHCART CHURCH OF SCOTLAND, GLASGOW CONTENTS Page Tnjstees report Independent examiners report Statement of financjal activities 10- 11 Balance sheet 12 Notes lo the fin8n¢ial stslemenls 13-33
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEAIBER 2025 The Kirk Session present their annual rep1 and finanaal statements for the yeac ended 31 December 2025. On the 7th November 2024 Ihere was a Union of Congregations been Cathcart Trinity Church of Scotland ISC0338021 and Cathcart Old Parish Church of Scolland ISC0027271. The United Church retain5 the charity nutnber of SC033802 frorn Cathrart Trinty chUh of Scolland wrth the new United Churth n8rne of Catho8rt Church of Scotland, Gl8s9ow. The finanoal statements have been prepared in accordance wrth Ihe accounts.ng poliaes set out in note 1 to the financial statements and compty with the Church's governing document, Ihe Charities an(J Trustee Investment Iscollandl Act 2005. the Charities Accounls (Scotlandl Regulab'ons 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Chaiities SORP 'Accounting and Reporting by Charit18s.' Statement ol Rewmm8nd8d PradiGe applicabl8 to tharrties preparing their avA)unts in accoid8nce with thè Finan¢i81 Reporting Standard applicable in lh& UK and RèpublK ol Ifeland IFRS 1021". Obloctlv•• and aetlvltl•s The Church of Scotland 15 Trinitarian in doctrine. Reformed in Iradition and Presbyterian in policy. 11 exi5t5 to glorify God and lo work lor the 8dvan¢emenl of Chri$l'$ Kingdom throughout the world. AS a national Chur¢h, it acknowled9es a distinctive call and duty to bring thè ordinances ol rèligion to Ihe people in èvery parish of Scotland through a territorial ministry. It Co-operales with other Churches in various ecumenical bodies in Scotland and beyond. In the year ending 31st December 2025 our main objective w8S to continue lo implement the Building Blocks produced frtsm our Vision Process.. Building Prayer., Building Faith,. Buihying Mission., Building Vnity and Building Family. All that we as a congregation strive lo do should work towards luffilling our mission and our vlslon. Our Mlsslon Statement Following Jesus Chrf¥t Glorifying God S•rving Others Our Vlslon Stat•m•nt Followlng J•sus Chrlst th the Hoty Spirit's help we - Follow Jesus, example of prayer. sery and obedience Encourage one another in Ihe joumey ol farth Reach out to others with the good nèws Of Christ - Value and welcome all ages an¢J provide opportuntb.es for them to.. Learn about Jesus Christ Enjoy fellowship and friendship Identify and use their grfis Glonfying G¢)d With the Holy Spint's help we vnll Be a loving worshipping fellowship Provide opportunrties for relevant, inspiring. Spirrt ffilled worship - Develop the gifts of God's people Serving Othe th the Hoty Spirit's hèlp we Identtfy and try to meet the needs tsf people in our parish Help to support others as we are made aware of need Be involved in the lrfe of our local community Care for one another Deepen relationships with other local c4)ngregalions - Support the worfd wide rni55ion ofthe Churth
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Achlevom•nts and p•rfomane• 2025, the first lull y8ar of the witness and of Cathcart Churth of Scolland. Glasgow, followng the union of Cathcart Old and Cathcart Trinrty in November 2024. has been a yeaT of encouragement and challenges- where once again we thank God both for all He has done and for one another. It has been a real blessing lo see the initial busyness of our building continue on Sunday mornings after the union and to see old friendships deepen and new friendships being made. As ever. il Is good to have the opportunity in this annual report to testify once ag8in to the faithfulness of our great God during 2025 and to give thanks for the incredible generosity tsf the people of Cathcart Church of Scotland in their sharing of their time, talents, and money in worship and seNice. So many in the congregatson have gone the extra mile in their service of others.. ensuring that everyone is supported as best as possible. Employ In terms of paid employees, Stuart M¢Cl¢)y. our thurch officer. continue5 to go above and beyond in his cleaning of the Chur¢h building and in hi$ care lor the people who use it. Our full-tim& Minister, R&v. Alasdair Macmillan is paid a stipend nationally through what has been gathered by the Church of Scolland through the Giving to Grow taxation process. We contribute the full amount possible lo Ihe "Ministry here. assessment within Giving to Grow. As the whole church is the body of Christ we would wanl lo see every member of the congregation feeling they have a role to play in the ministry of the church. Cathcart Church ol Scotland operales under the Unit8ry Constrtulion. Wor8hlp In Cathcart Church of Scotland, communal worship on Svnday moming and evening are vital pillars of our community's life and often the first point we encounler new people in the Church. We have been encouraged by the number ol individuals and lamilies, who visited and have become regulars, as well as all those whose laith has deepened over the year. Sunday mornlngs Saw a mix of ppIe lad inl*rgon&rational worship. before ouf youn9 people moved Into thelr activities in the hall complex and generalty a minister led the secon¢J part of the service in the Sanctuary. Over the course of the year we completed our series in the major characlers in the Bible". focused on the life ol Jesus, did a short series on the life ol Moses and David. some Psalms and then Ihought about what rt means to be Church. We were blessed by services where our young people led Ihe service and Ihanks goes to the leaders ol Sunday Club and 7up and the young people for all they shared. Our evening $¢rvi¢&$ h8¥& b&gn mor¥ varied in approa¢h wiu) diff?nI pre8¢h¢rs exploring different books of the Bible alongside lan and Sheena Whrteford who have been leading us Ihrough topical issues. We are grateful to everyone who has partiapated in worship. We celebrated three bapt15ms over the Urse 012025. We havè been able to m8ke a simplè rècording of our Moming Services available on YouTubo. This do8$ not include Children or Young People so begins to stream at Ihe beginning of the Church News. We continued to partner with Cathcart United Free Church in a short time of worship on Wednesday mornings, and with Cathcart Unrted Free Church and Cathcart Baptist Church for Holy Week reflections. Our montrly prayer breakfasts rernained peripalelic in 2025. working their way in rolation round Cathrt Church of Scotland. Cathc8rt United Free Church and Cathcart Bapts'st Church. These have been a real blessing. gathering Christi8ns frorn othei congregats.ons around the Stsuthside of Glasgow. The mnthly Wednesday prayer meeting continues on the 3rd Vvednesday of a month. Several ol our members head "next doorf lo Caale Care Home to lead residents and staff there in a time of worship and it 15 a real blessing to all those invofved. The weT Wodd Team organised a Mis5v)ns Weekend in November.
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Broador ongagemènt In th• Church of Scotland Like 2024, 2025 was not an easy lime for our Church of Scoiland duster partners. Clincarthill and Queen's Park Govanhill. but as the year progressed Opportun'eS lor the lulure appeared and the path forward became mo certain. Clincarthill move to zone 4 to allow discussion5 about a linkage wilh Maxwell Meams Castle Church.. Queen's Park Govanhill requested th8t our Trustees unpick the requiremenl in the agreed rnission pl8n for thern lo have a 0.5 Full fime Equivalent IFTEI worker for the Go¥anhill area so that they could use the retnainin9 1 FTE from our duster's allocation to call a Minister of Word and Sacrament. Our Trustees agreed, with the proviso we would no longer need to work towards a Parish Grouping. This was agreed by all interested parties. Rev. Alasdair Macmillan o)ntinued to serve as Interim Moderator at Casllemilk and Carniunnock until March 2025. In Presbytery Alasdair has served as the Convenor of the Superinlendence Committee since summer 2025 and as thè leader ol a Local Chur&* Review team and now Action Plan Review Team. As Convenor of the Superintendèncè Committee, Aasdalr Is also a nmber oflhtr Pr¢$bytery's Bu$in¢$$ Committeè. Communlty Renew Wellbeing. a shad ministry across the three partner thurthes in Cathcart. continues to be a real blessing. Held in the Baptist Church on a Thursday a wide range of parts'ripants corne along. many weekly. Many people have visited frorn around Scoyand 10 See Renew Wellbeing in action and rt h85 been inuedible to See folk who have been on the fringes ol church coming into thè règulai adivrtiès of Ihè worshipping community. Soup-er Friday a weekly Soup lunch over ntr took place in January and February. It was deemed both successful and necessary by Kirk SessM)n so it was pealed for Imnter 202&26. Two Alpha Courses have run during 2025 and a nurnber of people have come io faith or have deepened their faith. We have been able lo run Alpha plus alongside the Autumn Alpha Urse. Our Church Garden space continues to be a place of real blessing lo our community. During the better weather many people use it as a place to sit or eat their lunch. A team ol creabve workers have been meeting monthly to put together prompts for prayer.. Ihings for people passing lo engage wrth.. encouragements,. and messages from the Bible. In the Autumn the decision was made to dear back some ol our shrubs and hedges lo allow scope to explore further outdoor place3 for seats'ng and gatheiing. R8di8t6 C8thcart SCIO continu¢$ to be our partner as we seèk to r•a¢h out to the childrèn, young pèoplè and families ol Cathcart wth the good news of Jesus. We give thanks to God lor Cara, and Jamie, as well as the myriad activities throughout the year and especialty Ihe Easter and Summer Holiday dubs which draw in so rnany people as Volunteers. Our own in-house youth work ¢onlinues, 8lthovgh as in many of our ministries. we could do with more workers. Throughout the week our Monday Toddler group and Tuèsday SnowdTOPS group continue to be well attended. F•llow8hlp groups For those slightly older, there a regular Small group activities, where people gather together in the church or in folks, homes for discussion and fellowship. The developmenl ol our Men's and Women's Ministries continues as an opportunity for lolk to get to know one anolher and to deepen relationships. A new podcast discussion group has been organised for Men and some ol ¢he Women's events have altracted people auoss the city and beyond. Involvemènt wlth partnèr organisatlons Beyond Cathcart, our members conbnue to play actNe roles in parther organisats.ons around the aty and across Scotland. Particular mention should be given to Glasgow City Mission. Glasgow Street Pastors. The Well, Glasgow South-East Foodbank and Scripture Union. but Ihere are many more with donations going to the Lodging House Mission. Bamardos and Church House. Through the Mission sales table we have been able lo commit to regular support of Imran in Pakistan. Hi5 ministry has changed ovei the course of the yeai. It wa5 a real blessing to have Imran Sha in person during 2024 and foi many in the congregats.on to meet him for the ffitst ts"me. Many of our congregation partiapate in the choir ministry of Praise Gathering and Father Song.
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Fabrle The former Cathcart Old buildings to the north of Carmunnock Road were earniarked for sale by the General Trustees and considerable work has been done across the year to ready them for sale. The tenants and hall users were kept informed with development5 and the whole building needed to be readied to provide vacant possession. A great number of people have contributed to the work. but particular rnention must go to Roy Kinne8r 8nd Anne Nèilson for sèrviee that went Abovè and bèyond. These buildings went to closing date, and at thal point the Trustees made the decision to sell to St. Arsema Ethiopian Orthodox Tewahido Church. The General Trustees. vkno held the building in trust for our congregation's benefit, affirmed that decision and the sale took place on 25th September 2025. Considerable expenditure was made on Cathcart Old's building pre-sale and funds were approved to be drawn down frorn the Fabric Fund. We were deli9hted that St. Aresema's Church were able to keep the existing tenants and have prtsmised to maintain the Peace Gardens In the former Cathixrt Old ground$. The Church Hall on the Soulhern side ol Camiunnock Road- cJjrntty used by Heathdene Nursery - is vested in local Trustees. In our building on Clarkslon Road. we gaine(I permi58ion lo do Considerab work on the Sanctuary and corridors inside inejuding renewing the lighting in the Sanctuary and adding LEO lights to the walls and windows", repointing the windows and repainting throughout the building. Some intemal plastering needed to be done at this time too. While the work took place we held our moming services in the Kent Hall and the Evening Setvices in Cathcart United Free Church. The War Memorials and some Stain-glass windows in light boxes were Moved frorn Cathcart Old into our building. Exlemally work was done on pOinn9 the windows, replaung and rtrpairing guttering and Sorting leaks in the roof. Th¥ man8& also had 8 new boiler installed. Klrk S888lon aetlvlU•8 The Kirk Session resolved to simplify our Vision- locusing in on three inter-related area we would like to work on- faith. family and rnission. We also undertook a review of our congregational roll to idenlfy people who had not attended worship since the Covid pandemic. wriling to Ihern lo ask if they would wish to remain members. While the lull review ol Ministry teams thai we h8d hoped to undertake ha$ noi been ¢ompleted, 81 the end of the ye8r we delegated fabr1¢ and finan¢¢ pow&rs lo a board4ike $Iru¢lU Ihat woul¢J ceport lo th¢ KI Session.
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Flnanelal re¥l•w Results for the y•ar The Staternent of Finanual Activities Teports net income li.e. sUlUsI for the year of £27,382 12024 - surplus of £286,254), This combines a net income on unreslricted funds of £27,708 and net expendrture on restricted funds of £326. The results for the prior year were signrfKantty impacted ty the Union of Congregations. which resulted in the recognition of net assets of Cathcart Old Parish Church of Scouand ISC0027271 at the date of Union. This included recognition of one off income lolal of £285.597 from the 'Tiansfer of Union Balance,. Excluding thi5 8n overall surplus in the prior year on ordinary athvthes of £657 would have othemise been reported. Decisions pre-union had committed the Truslees of the united CA)ngregatKJn to the sale of Cathcart Old's Sanctuary and Hall complex, with responsibility for the upkeep of those buildings remaining with our Trustees until the point of sale. As part of the various ¢onversation5 With Insurers. Purthasers and Surveyors to effect the sale it became necessary to up9rade some of the electrics, repair a lightnin9 conduclor. make rep8irs to the roots and boilers and lo put into good tsrder the ¢onsiderable ¢hur¢h grountls surtounding the building. Givèn the longstandin9 PO$ltive relationships with the key tenants we were a¢Jvised lo sell the building with tenants In place. This meant that despite rental income being received. we also had to bear considerable costs lor healing. lighting and insurance. A decision made pre-union to leave the heating on in Ihe Sanctuary over winter. was changed as soon as we realised what was happening. Unfortunatety this realisation not o)me for some time 80 the heating was on for longer than we would have hoped. In th$ unf¢ed ¢hur¢h's San¢luary and hall$, the decision wa$ made lo repair bfoken plast¥r and repaint throughout the complex, renew the lighting including Iighling the slaine¢J glass windows around the Sanctuary and installing stained glass window boxes from Calhcart Old in the Hall Complex welcome area. Extensive work was also made to repoint the windows, fix the guttering and repair faults in Ihe roofs. Wth these changes the building looks in better repair, is more comforiable and is considerabty more wind and water-tight. Wilh the changes there should also be small reduction to our carbon loolprint. R•$¢rn•$ Poll¢y Calhcart Church of Scolland relies on the finanoal support of ils members to sustain its congregational life and mission. The Church TnJstees' reserves policy is to maintain at least 3 months of nomial expenditure in resetwe Ithat reserve would currently be over £60,0)). These reserves are held to cover, amongst other things, unexpected expenses. emergency repairs. unexpecled drops in income and short lerm deficrts. In making 8 decision on any finan¢e. labric. ftjndraising or staffing malter Ihe Trustees wn5ider carefully the impact of that decision tsn the rÈserv&s policy, having tsken appropriate expert ad¥icg. Additionalty the fin4n¢e te8m regularty Advise the Trustees ol whether Ihère are any threats developing vthich might resutt a brèach of the reserves policy. The policy is to help the Church maintain finanual sustainability. At 3151 December 2025 the unrestricted General Fund stood at £139.43412024- £94,579). Other fund5 held by the Church are not available for general use so do nol qualify as a general reserve. This is in accordance with OSCR guidance. Overall the Trustees are satisfied that the level of Gener81 Fund reserves 8re appropriate lo our present circumstances and this will be kept under regular review. The Church has a number of designated funds vthere the Tnjstees have set aside funds lor specffj purposes, or they are'tied up, in fixed assets so do not represenl liquid reserves. This includes the fvndslassets acquired in the Union of Congregation5, full delails ol which can be found in Note 22. The Church 8150 ha5 a nurnber of restricted funds whith wnay onty be used $pecifirAIty in aw)rdanGe with donor's shes. The restnctions over use of these funds is delailed in Note 23. The Church acquired endowment funds in the Union of Congregations and these a detailed in Note 21.
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Prlneopal Sourc of fundlng The church receives its funding from thurch members by way of Week offerings and GIftd donatKJns. Grant Making Policy and Awards The Ghurch makes grants trom unreslricted gener81 income to organisations that are known to the Trustees. The b8n8ficiariÈs arè involvÈd in 8etNiti8s or ministri8s eompatible with thè Churth's objèetiv&s. The Church continues to support the Radiate Cathcart. Scottish Chanty Number SC039290. Radiate Cathcart is the joint youth ministry of three local churches in the Cathcart a8. During this ffinanaal year a grant of £10,000 was provided12024 £10.0001. Rljk Management The principal risks faeing th& ¢hur¢h logeth&r wrth plan$ to minimise th¢$& ri$k$ a a$ follows.. Property The majority of the church propety is and requi$ continual maintenance. The roof and rainwater goods in particular require regular maintenance. The Property Committee continues to monitor this and undertook maintenance works during 2025. Th& $8¢urfty of18ad in th¥ roof 81$0 conllnu&$ to be nh)nrtored. The Church is also fortunate lo have the services ol a fumime Churth Officer and ol the assistance of several members of the congregation with skills in the building sector. PlanB for future pedod¥ We would like to look at inslaling n8w project0. mrOphOneS and speakers in the Sanctuary. We antlapate drawing down money from the Consolidated Fabric Fund to undertake this work. We would also like to draw up plans for strategic refurbishment ol the Large Hall and surrounding rooms for action in (he years to come. 2026 also will mark the end of an era with the reiirement of our Chur¢h officer, Stuart M¢Cltsy. Stuart has seNed the Congregation and community in this role sin¢e 8th O¢tober 2003. going above and beyond his ¢onlradual duties f(>1 so many people. We aim to say a suitable goodtye to Stuart in October 2026. One of our big challenges for 2026 Is to address what staffing is reqUId for our congregation going fOard into 2027 and beyond. The General Trustees are on a missK)n to remove excess buildings from Ihe Nalional Church's porffolio so rt is like al the point of the Church officer's retirement we will have to make a derysion about Ihe future of the Church Offi¢er's flal on Clarkslon Road. The Church of Scotland has introduced the qu1ment that all congregations complete an ActSon Plan for at least the next S years. We will work on it over the next few mnths so il can be submitted in the Autumn. At the beginning of the year Cathcart Church of So)Iland's Roll slood 385 members. over the course of the year between people removed by dealh. disjunction and resolution of KI Session. 172 people were removed. 4 people joined the were 8dded lo the roll. These Ghanges resulted in 8 mefflbership of 217 8131 st Oecember 2025. Our congregatron is served by a wlling team of volunteers. However, we are in a position of needing more people to serve in rninistries right across the church's work. We will need to address this over the course of the year. Structure. governance and management The charity is administered in accordance wrth the tems of the Unrtary Consb"tulion of Ihe Church of Scotland. The Church is a registered Scottish Chanty INO. SC033802}.
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 The Kirk Session who served during the year and up to the date of signature ol the finanaal statements were.. Linda Craig IR85ign8d 6 October 20251 Hector Marshall jani McKay Ewan Gourlay Alex Hardie June Allison Gary 8ainbridge Alasdair Bates Karen 8everidge Linda Burke Alison David50n Kristin Drummond lain Duff Christine Duncan Anne George Amanda Gillan Ellen Hamilton ex Harris Robert Hutch¥on Pamela Krtchin May Laughlan Joan Linds8y Eilidh Macoonald Donald MacLeod William Marlin James McHarg Derek Mclntyre Eric McLachian Gail M¢L8y Janel McNab G8y Morrison Anne Nei150n Colin Ogilvie Douglas P8ton Fiona Paton Irene Paul Christine Penney John Rich8rdson Fiona Sutherfand Mary Tweedle Moira Hargre8ves (Resigned 9 October 20251 (Resigned 18 August 20251 (Resigned 31 December 20251 (Resigned 18 August 20251 R•eruitm•nt and Appointm•nt ol Trust8•s The Kirk Session members are the elders of the Church and a chosen from those members ofthe Church who are considered to have the appropriate gifts and skills. The Minister. who 15 8 member ofthe bQ'rk Se$5n. is elected by the ngregatiOn and inducted by Presbytery. Pieviousty the Congie9ational Board would be appointed from wthin mernbers of the congregation who are believed to have the skills and commrtment to contribute to the management affairs of the Church. Union requires the Church to be administered under the Unrtary ConstibJts"on where there is no Congregational Board. Members who were previousty on the Board therefore now aitend 'rk Session as Trustees.
CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Organlsatlonal Structur• Previousty the secular affairs wtthin the Church would be delegaled to the Congregational Board. Certain responsibilities would be delegated lo subcommittees which report to the Congregational Board. The teams include finance. fabric. governance and propety development (Hall lets). These affairs and subcomrnittees now report to the Kirk Session. The Kirk Session, which meets at least 6 tiffles a year. is now responsible for spiritual and secular 8ff8irs within thè Chur¢h Key Management Personnel Given their roles as described above. Trustees consider themselves along with the Minister as the charity's key management personnel, in charge of direcling and controlling the charity Jnd overseeing rts daily activities. Details of Trustee and Minister remuneration are ouuined in nole 9 of the accounts. Inductlon and Tralnlng of Trust••s Members are made aware ol their responsibilth.ès by the Clert. Ekler inductK)n is carrièd out by the Minlster and the Session Clerk. There is an annual meeting of Truslees at which any change of responsibilities is highlighted. Independent Examlner Thè Trusteès rècommend that Allison D•¥ine. C.A.. a partner in TC Group. eu$in&$$ Advlsors and Accountants, remains in office as independent examiner until further nolice. The Truslg¥5 report WO$ approved by the Board of KI S&s$ion. Ewan Gourlay Tru•to0 71512026 Date..
CATHCART CHURCH OF SCOTLAND, GLASGOW INDEPENDENT EXAMINER'S REPORT TO THE KIRK SESSION OF CATHCART CHURCH OF SCOTLAND, GLASGOW l port on the finanual statements ofthe Church for the yeac ended 31 Dember 2025, which are set out on pages 10t033. Respective responsibilitieg of Kirk Session and examiner The Church's Kirk Session are responsible for the preparation of the financial statements in accordance with the temis of the Charities and Trustee Investment (Scotlandl Act 21)OS and the Charities Accounts (Scotlandl Regulations 2006. The Church Kirk Session consider Ihal the audit requirement of Regulation 1011llal-Icl of the Charities Accounts Iscotlandl Regulations 2CX)6 does not appty. 11 is my re$pon$ibilty to examine Ihe financial $tslemenl$ 8$ require(J under $e¢tion 441111¢) tsf th& Charities and Trust8e Investment Isctstlandl Act 2005 and to statè whether particular matters have comè to my Attention. 8a818 of Independent •xamlnerfs statement My ex8mlll8tion is carried out in arxord8nce wrth Regulatson 11 of Ihe Ch81itie$ Accounis Iscodandl Regulaty'ons 2006. An examination includes a revièw of the a¢countin9 record$ kèpt by the ¢harity and a Comparison of the financial statements presented th those records. 11 also indudes consideration of any unusual items or disclosures in the financial statements. and seeking explanations from the Injslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt and consequently I do not express an audit opinion on the view given by the financjal statefflents. Independ?nt examln8r'3 3ta19ment In the course ol my examinath)n, no matter has come to my attenbon 1. which gives me reasonable cause to believe thal in any malerial respect the requirements.. lo keep ac¢ounling re¢ords in a¢¢ord8n¢e wilh Se¢iion 4411 Ila) ol lh& Charities and Trustee Invoslmenl IS¢ollandl A¢1 2005 and Rtrgulation 4 01 the Chanti¢$ A¢¢ounts IS¢otlandl Re9ul8tion$ 2006, and to prepare financial statements which accord with the a¢UntIn9 re¢ord$ and Mpty with Re9ulafjon 8 of the Charities Accounts (Scotlandl Regulations 2006 have not been met, or 2. to which. in my opinion. attention should be drawn in order to enable a proper understanding ol the financAal slalemenls to be reached. Alll$on D•vln• C,A. TC Group Busine55 Advisors & Accountants 180 St Vincent stet Glasgow G2 5SG Date.. 81512026
CATHCART CHURCH OF SCOTLAND, GLASGOW STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Currgnt finan¢ial ygor Untrict Unreltrictgd Retytricted Endovmignt funds funds nds nds general deslgnated 2025 2025 Total Total 2025 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitsble activities Other trading activities Inve51menls The transfer of union balance Othèr income 223,049 38.192 30,085 23.055 119 223.168 39.604 30.085 23.055 153,503 36.741 13,125 1,410 1.412 285.597 5.781 137.877 143,658 Total Income and endowment8 320,162 119 139,289 459.570 490,376 Expendlture on.. Charitable activities 277,468 15,10S 139,615 432.188 204,122 Totsl expendltur• 277.468 15.105 139,615 432.188 204,122 Net Incomellexpendltur•l 42.694 114.9861 13281 27.382 288,254 Translers been funds 2,161 12,1611 N•t mov•m•nt In lund$ 13 44,855 117,1471 13261 27,382 286,254 R•eonclllatSon ol fund8: Fund balances al 1 January 2025 94,579 301.240 5.2C¥) 1.270 402.289 118,035 Fund bal•nce8 at 31 December 2025 139,434 2B4,093 4,874 1,270 429,671 402,289 The slalement of financi81 activities indudes all g8in3 and losses reco9nised in the year. Thè notes on pagès 13 10 33 fomi part of these financAal statements. 10-
CATHCART CHURCH OF SCOTLAND, GLASGOW STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Prior finan¢ial year Unre¥tri¢tsd Unretytri¢ted funds fun(ts general deslgnated 2024 2024 Retytri¢ted Endovmignt funds funds Total 2024 2024 2024 Notes Income and endovmients from: Donations and legacies Charitable activities Other trading activities Investments The transfer of union balance 1S3.392 34,981 13.125 1,410 4.203 153,503 36,741 13,125 1,410 285.597 1.760 276.985 3.139 1.270 Total Incorn? and 207,111 277.096 4.899 1.270 490,376 Exp•ndlturè on.. Charitsble activities 199.352 2.826 204.122 Totsl exptrndllur• 199,352 2.826 204,122 N•1 In¢om* ond mov•m•nt In fund$ 7.759 274,270 2.955 1.270 280,254 R•conclllatlon of funds: Fund balances at 1 January 2024 86,820 26.970 2,245 116,035 Fund balane•• at 31 Doc•mb•r 2024 94,579 301.240 5,200 1,270 402,289
CATHCART CHURCH OF SCOTLAND, GLASGOW BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Flxed assets Tangible assets Investment property Investments 17 14 15 19.598 260.000 10,1)00 22,424 260.000 10,000 289,598 292,424 Currgnt 4$$gts Debtors Cash al bank and in hana 18 79.216 93.689 6.165 119.691 172.905 125,858 Credltors.. arnounts folllng due vAthln on• yoor 19 132.8321 115,9911 Nèt eurmnt a88èts 140,073 109,865 Totsl a8S•t8 1•88 eurr•nt Ilabllltl•8 429,671 402,289 Th• fund$ of th• Chur¢h Endowrnenl funds Restricted income funds Unrestricted funds- general Unrestricted funds- (Jesignated 21 23 1.270 4,874 139.434 284,093 1,270 5,200 94.579 301,240 22 429.671 402,289 The notes on pages 13 to 33 fomi part of these finala1 slatements. 71512026 The financial statements were approved by the KI Session on ................ Ewan Gourlay Trustee 12_
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2025 Aecountlng pollel•s Charfty Snforniatlon Cathcart Church of Scotland, Glasgow is a a fegistered Scoth"sh Charity (No SC0338021. The charty's principal address is 90 Clarkston Road, Cathcart. Gksgow G44 3DA. 1.1 Accounting convention The financial statements have beèn preparèd in accordance vAlh thè Church's goveming document, the Charities and Trustee Investment Iscoljandl Act 2005, the Charrties Accounts Iscotlandl Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance the Financial Reports'ng Standard applicabse in the UK and Republic ol Irel8nd IFRS 1021" The Church is a Public Benefit Entity 85 defined by FRS 102. The Church has taken at1vantage of the pro¥ision$ In the SORP for Charrties not to prepare a statement of cash flows. The financial slatemenls are prepared in sterfing. whic is ihe functional currency of the Church. Monetary arnounts in these financial statements are rounded lo the nearest £. The financial statements he been prepared under Ihe historical cosl convention. The principal accounting poli¢i¢s adopied ar¢ s&1 out below. 1.2 Golng conc•m Al the lime of approving the financial stalernents, the Kirk Session h8¥e 8 reasonable expectation that the Chur¢h has adequate r&$our¢es lo ¢oniinu& in operational exi$ten¢e fof the foreseèable futurè. Thus th¥ Kirk Se$$ion continuo lo adopt lh& gobng ncern basis ol a¢¢ountin9 In pr¥pafin9 th¥ finan¢ial $ts1om¥nl$. 1.3 Charltable funds Unrestricted funds are expendable at the discreiion of the trustees in furtherance of the objects of the charity. If parts ol the unrestricted funds a earmarked al the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation ha8 an adMinistra've purpose onty and does not legally restrict the trustees, discretion lo appty the lund. Restricted fvnds are funds subject to specific requirements as to their use which may be declared by the donor or wrth their authority or created through legal processes. but slill wthin the wider object5 of the charity. 1.4 Income Incomè is rèco9nised when the Chuich is legalty entilled to tt after any perftsrmance conditK)ns havè bèèn met, the amounts can be measureil reliabty, and it is probable that Income will be received. Donations are reeognised when the charty has evidence of enlillement to the gift, receipt Is probable and its amount can be measured ieliabty. Enlrtlement usualty arises immediatety upon ceIpt, however, in the event that a donation is subject to conditions that require a level of perfomance before the charity is entrtled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the lulfilment of those conditions is wholty within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Legacy gifts must be recognised when it is probable that il wll be 1Ved. This is normalty following the granting of probale, when the administratorlexecutor of the estste has communicated in wrrting both the amount and settlement date and any condrtions attached to the legacy are either within the ntrol of the charity or have been rnet. In the event that the gift 15 in the form of an asset other than cash or 8 financial asset traded on a recognised sto( exchange. iecognrtion is subject to the value of the gift being ieliab measurable wrth a degree of reasonable accuracy and the trtle to the asset having been transferred to the charity. 13-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continuedl Donatod sèrvlcès and laellltlas Donated professional SeIteS and donated faalrties are recognised as income when the charty has control over the item, any conditions associated vnth Ihe donate¢J item have been met. the reIpt of economic benefit from the use by the charity of the ilem is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS1021 the general volunteer time of congiegation members is not recognised. On recèipt, donatèd profèssional seThs and donatell faulitiès are cecognisèd on the ba$1$ of the value of the gift to the charity which is Ihe amount the chanty would have been willing to pay to obtain seNices or facilities of equivalent economic benefil on ihe open market.. a corresponding amount is then recognised as expenditure in the period of receipt. Grdnts recelvabl• Income from govemmenl and other grants. whelher 'capilal' or 'revenue' in natu, are recognised when the charity has unconditional entitlement to the funds. it is probable Ihat the incorne will be received. the amount can be measured reliabty. Vnconditional entiuement will be achieved once any perfomiance or other conditions attached lo the grants have been mel. or IVlMent of those conditions is wholty within the control of th& ¢hOty. Where perfomiance conditions are attached lo the 9ranl and are yet to be met, the income is recognise(J as 8 liability and included on the balancE sheet as deferred income to be released. Incom• Irom eharltsbl• actlvltl•• Income from charitable activities Includes income eamed both from Ihe suppty of goods or services under contractual arrangements and from performance-related grants which have conditions that specify the provision of particular goods or services to be provided by the chanty. Income from charrtable activities is recognised as earned la5 the relatecl goods or seryices are providedl. In¢om• from oth¢r tradlng a¢tlvltl¢• Income from other trading actMt*s is CogniSed when Ihe charity has entillement to the funds. it Is probable that these will be received and the amounts can be measured reliabty. Intèr•8t r•e•ivabl• Interest on funds held on deposrt is induded when receNable and the amount can be meaSUd reliably by the charity., this is normally upon notffication of the interest paid or payable by the bank. Glft Ald Income lax rOverable on Grfl Aid donations is recognised when the respectNe don81ion h85 been rècognised and the recovèrable amtsunt of income tax be measured reliabty," this is normalty when the donor has completed the relevant Gtft Aid decjarab.on lom. Income tax recoverable on Gfjft Aid donatn$ is allocate to the same fund as the respeciive ¢Jonalion unless specified by ihe donor. 1.5 Expenditurè Liabilities are recognised as expendrture as soon as there is a legal or conslruclive obligation committing the charity to that expendilure. it is prob8ble that sewemenl be required and the amount of the obligation can be rneasured or estimated reliabty. Liabilrties are measurefl on lecognrtn at historical cost and Ihen subsequenty measured at the best estimate of the amount required to settle the obligab.on at the reporting date. The excepts.on is that rtain finanaal instruments rnusl be adjusted to their present value.. these indude finanaal liabilities where settlement is deferred for rn0 than 12 months after Ihe reporting date. l expenditure is accounted for on an accruals basis. Al expenses indudiny support ctssts and governanc8 costs are allocated or apportioned to the applicab expendrfU headings. 14_
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continuedl Exp•ndlturè on eharltablè aetlvltlès Expenditure on chantable activrties indudes all costs incurred by the Church in undertaking activrties that further Its charrtable aims for the benefit of its benefioaries, induding support costs and costs relating to the governan of the Church apportioned lo charitable aclivibes. The costs of charitable activrties presented in the Statement of Financial Acl1vitS includes all costs of the Church. Govemance costs Governance costs (which are included as a cxjmponent of support costs in accordance with the SORPI comprise all costs involving the public accountability of Ihe Church and rts complance with regulats'on and good pr8Ctice. These costs include those related to constrtution81 and stslu¢ory requirernents. ex¢emal scrutiny laudit or indèpèndènt èxaminalionl, strategic managèmenl, and othef lègal and prtsfèssional féès. Taxatlon Calhc8rt Trinity Churth is recognised as 8 charty lor the purpose5 of applicable tsx8tion legislab'on and is Iherelore not $ubje¢t to taxation on its ¢harrtable a¢tivits¢s. The charity 1$ not registered for VAT and resour¢¥$ èxpen¢Jed thereforè include irrecovèrable inpul VAT. 1.8 Tanglbl? Ilxgd #s•et• The Church has the right to occupy and use for its charitable objects certain tangible fixed assets. induding the Church and ha115. the titles to which are vested in the General Trustees of the Church of Scotland for the congregation li.e. not owned localty by the reporting Charityl subject to the regulation and direcb'on of the General Assembly ol the Church ol S¢oiiand as regards the management and disp¢$81 of the propertie$ proceeds. Expendrtur$ in¢urred on thè repair and maint¢nan¢e of thesè assèl$ is charg¢d a$ resour¢ès expended In th8 Statemènt of Fin8n¢ial ActNftle$ in the perfod In which the liability arf$es. One property is locally owned. being that at 124 Carumunnock Road. Glasgow. This property was acquired as part of the Union of Congregations. being held by the Trustees ol the previous Cathcart Old Parish Church. and is included within the Balance Sheet. Depreciation is recognised so as to vrriie off the cosl or valuation of assets les5 their residual values over their useful lives on the lollowing bases.. Fixtures, fith'ngs and equipment 10 years siraighl line The gain or loss arising on the disposal of an asset is detemiined as the dtherence between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial athvth'es. 1.7 Investmont property Investment property. which is propety held lo eam rentals andlor for caprtal appreciation, is initial rewgnised at cost, which include5 the purchase cost and any directty attributable expenditure. Subsequent it 15 tnea5ured at fair valug at thg report"bn9 end date. The Surplus 01 deficit on revalualK)n is iecognised in profit or loss. 1.8 Fixed as#et investments Fixed asset investments are inilialty measured at Iransaction price exduding (ransaction costs, and are subsequenuy measured al fair value at each reporting date. Changes in fair value are recognised in net incornellexpenditurel for the year. Transaction wsts are expensed as incurted. 15-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continuedl 1.9 Impalm•nt ol fix ass•ts At each reporting end date, the Church reviews the carying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impairment 10$5. If any such indication exists. the recoverable 8mount of the asset is esbm8ted in order to determine the extent of the itnp8irment loss Ill any). 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowngs in current liab'lrties. 1.11 Flnanclal Instruments The Church has elected lo appty the prowsions of Section 11 'Basic Financial Instrument5, and Section 12 'Other FinancAal Instrument5 Issues. of FRS 102 to all of its financial instruments. Flnan¢io1 instrum&nts •r& re¢ogni$sd in the Chuf¢h's b•l•n¢s Sheet wh¢n the Church be¢om¥s party lo th& ¢onlrac¢ual provisions of the in$INnI. Financial assets and liabilities a offset. wlh Ihe net amounts presenled in the financial statements, when there is a legalty enforceable right lo set off the recognised amounts and the is an intention to settle on a net basis or to realise the asset and sellle Ihe liability simumaneousty. B•$l¢ fln•n¢l•l •$$•ts Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequentty carried al amorts'sed c05t using the effective interest melhod unless the arrangemenl con5tilules a financin9 transaction. where the transaction is measured al the present value ol the lulure receipls di5counled at a market rale of interest. Fin8nrial assets c18ssified as rlyab1è wthin one yeaf are not amortis•d. B•sle flnancl•l Ilabllltl•s Basic financial liabilities. indudin9 credrtors and bank 108n$ are inrtially recognised 8t tr8n$8Ction price unless the grr8ngemenl conslilules a finan¢ing transaction. where the debt in$lwmenl is measured al the present value ol the future payments discounted at a market rate of interest. Finanaal liabilities classified as payable wbthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl. using the effective interest rate method. Trade creditors are obligations lo pay ftTrr go(xls or services that have been acquired in the ordinary course of operations from suppliers. Amtsunts payable ale dassffied as curtent li8bTltties if payment is due wthin onÈ year or less. If not. they are presente¢J as non-current liabilities. Trade credrtors are recognised Inrtially at transactM)n price and subsequentty measured at anKJrtised cost using the effedNe interest method. Dfrrecognidon of financlal liabilities Financial liabil'ÈS are dèiecognised when the Churth's contractual obligations expire or are discharged or cancelled. 1.12 Retlrement benefits Payments to defined contribution retirement benefft schèmes are charged as an expense as they fall due. 16-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 ctIcal accounng •stlmat•s and ludg•mènts In the application ol the Church's accounting policies. the Kirk Session are required to make judgements. estimates and assumptions about the carying amount of assets and liabilrties that are not readify apparent from other SourS. The e5timate5 and associated assumpty'ons are based on historical experience and other factors that 8r8 considered to b8 relevant. Adual resums may diffei from th85e estirnate$. The estimates and un¢Jertying assumptions afe reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimale is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Key 8rÉas of ests'mation and judgèment relats.ng $pwficalty lo the Union of Congregation$ are as follows.. Property Valuatlon A property at 124 Carmunnock Road, Glasgow. G44 SUU was acquired as part of the Union and in the 2024 Accounts this 'fair value. was adopted. At that time. Ihe propety was £260.000. The property was independentty valued by surveyors. Shepherd Commerc4al. on 4th March 2025. The Trustees were satisfied that this value would not have been materialty dillerenl al the ¢Jale ol transfer 017th November 2024, and fell il approprlalé to 8ppty lo th8 Unlon Iran$ath"on$. Accrued Income and expenditure At last year end. being 31st December 2024. Ihe best estimate ol accrued income and accrued expenditure at 7th Novernber 2024 had been induded. tsking into account transaction5 which were known lo have been Settled by Ihe 7th November 2024 and gbft abd daims Ihat were outstanding. It was assumed that there were no undisclosed liabilities laclual or contingent) rèlatlng to thè charlty of Cathcart Old Parish Church which hatj not been included hthIn their own Accounts. During 2025, the Trustees have W0ed closety to bring all matters which related to the previous Cathcart Old Parish Church lo a close. Fund Cat•gorl*atlon As part of the above relerenced Unlon, thè Trustees have not been alèrted to any restrtctions on funds previously held by Cathcart Old Parish loiher than the noted flower fund and endowment fund) which would need to be respected and carefulty appraised before application. Fund3 which were previovsty shown 88 designaled vthin Cathcart Old Parish Church continued ¢0 be retained. 17_
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Thè Transfer of Unlon Balane• During the year ended 31 December 2024, on nh November 2024 Ihefe was a Union of Congregations betr4een Cathcart Trinity Church of Scolland ISC0338021 and C8thcart Old Parish Church of Scouand ISC0027271. The Unrted Church retains the chanty number of SC033802 from Cathcart Trinity Church of Scotland with the new United Church name ol Cathcart Chufch of Scolland, Glasgow In accordance wf(h financjal reporbng slandards and the Chanty SORP. the fair value of net assets of the Calhc8rt Old Parish Church is ported as incorne. This is disclosed on the separate line 'The Transfer of Union Balance, and has been valued as lollows". 2025 2024 Property1124 Carmunnock Road, Glasgow, G44 SUV) Inve51menls INS&1 Bonds) Bank Balances A¢cured income indudin9 gift aitj Accrued expenditure 260,000 10.000 20,567 2,921 17,8911 285.597 18-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Ineom• from donatlons and legael•s Unrestrlcted Unrestrlcted lunds funds general designated 2025 2025 Total Unrestrlcted Unrestrlcted funds funds general designated 2024 2024 Total 2025 2024 Donations and grfts Legacies 144,946 78.103 145.(65 78.103 13B.392 15.000 138,503 15.000 223,049 119 223,168 153.392 153,503 Donatlons and glfts WFO scheme Ordinary offerings Gift Aid donation Tax r&¢laim on Gift Aid donation Other gifts and donabons Other 19,683 5.222 94,518 19.683 5.222 94.518 21.829 3.575 88.697 21,829 3.575 88,697 23,630 23.630 119 1.693 22,265 22,265 119 1,893 1.915 2,026 144,946 14S.065 138.392 138,503 Ineom• from charltsbl• aetlvltl•8 Unre¥irfcled R•slrl¢ted funds lunds 2025 2025 Totsi Unr*$tri¢ted Re¥trl¢ted funds funds 2024 2024 Totgl 2025 2024 Sale of goods Prernises inwme from unassociate¢J groups Prernise5 income from associated groups 2,004 27,397 27.397 27.975 27,975 8.791 1.412 10.203 6.842 1.760 8.602 38,192 1,412 39,604 34.981 1,760 36,741 19-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Ineom• from othèrtradlng actlvltl•$ Unrestricted Unrestrlcted funds funds 2025 2024 Cathcart Old Parish Church- hall rental inc4Jme Rental income 27,685 2,400 10.725 2,400 Other trading activities 30,085 13,125 Incom• from Inv••tm•nt• Unreotrfcted Unre8trlcted fund• fund8 2025 2024 Rental income- Healhdene Nursery Interest rectrivable 21,720 1,335 1,410 23,055 1,410 -20-
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CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Exp•ndltur• on charltsbl• aetlvltl•s 2025 2024 Direct costs Staff costs Depreciation and irnpainnenl Projects and activities Prgrnises co$1$ Running costs Property costs associatèd with Calh¢art Ok1 ¢overed by drawn d¢)wn from General Trustees (note 81 Acwunt8ncy fees Interest and finance costs Governance ¢o$l$ 30,536 2.826 10,000 213,172 142,193 26,358 2.826 10,000 53,206 105,024 24,385 2,C64 30 6,982 1,692 5,016 432,188 204,122 Analy•l8 by fund Unrestricted lunds - general Unrestricted funds- designated Restricted fvnds 277,468 15,105 139,615 199,352 2,826 1,944 432,188 204,122 10 Truste R¢myn•rotlon and R¢l•tsd Party Tr4n$•¢tlon• Mlnlstefs trav81, t8l&phone, counal lax and 0th8r &xnS•S paid in th• year lotallèd £3,49412024- £3,218). No other Trvstee received remuneraknon or 1Mbursernent ol any expenses during the year. No Trustee or person related to a twvstee h8d 8ny person81 interest in any conlr8rt or transaction entered inlts by the ¢h8rity during the year. During 2025, donations identthed as having be&n receNed by the church from the Truste&s totaled £45,406 12024- £35,685). During 2025, the Manse incurred redeCration and refijrbishment expenditure totalling £6,09612024- £1,682). -22_
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 11 Employ••s The average monthty number of employees during the yearwas: 2025 Numb•r 2024 Number Premises maintenance Employment costs 2025 2024 Wages and salarl&s staff pension cos15 29,794 742 25,616 742 30,536 26,358 There were no employees whose annual remunerthn was £60,000 or more. The Trustees consider themselves along wth the Mini$t&r as the charitys kèy managemènt personn•l. All Church of Scotland congwalions conlribule lo the National Sts"pend Fund which bears the costs of all ministers, stipends and ernployerfs contribvlions for national insurance. pension and housing and loan fund. Ministers, stipends are paid in accordance wth the nabonal stipend scale. which is related lo years of servi¢e. For the year under review. the minimum sbpend was £32.433 and the maximum Stipend lin the fffth and subsequent years) £39.856. 12 T#tIon Th¥ Charty 1$ exempl Irom tsxation on its a¢twiti¢$ be¢ouse all it$ inwm¢ 1$ appl for ¢harilabl¢ purposes. 13 Not Incomellexpendltur•l lor th• yfrar 2025 2024 Operating for the year is stated after charging.. Independent Exarninerfs fees Payroll services paid to Independent Examiner Depreciation of owned langible fixed 8ssets 6,982 1,464 2,826 5.016 1,392 2,826 -23-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 14 Inv•stm•nt proparty 2025 Falr valuè At 1 January 2025 and 310ernber 2025 260.000 In th8 previous year aceounts to 31st December 2024. upon the Union Of Congregations 8 property at 124 C8munnock Road, Glasgow, G44 5UU was fecognised. In accordance wrth Financial Reptsrting Standards, the value attributable to this was represenlalive of market value at the date of Union. being 7th November 2024. To lairty assess the value, the Tfuslees inslnjcted a professional survey of the property by Shepherd Commeraal. This survey. on 4th March 2025. provided a value of £260,000 which the Trustees were satisfied would not have been rnaterialty different at 7th November 2024 or 8t 31st December 2025. 15 Flx•d as••t Inv•8tm•nts Income Bond$ Cost or v¥lu•tlon At 1 January 2025 & 31 December 2025 10,000 Carrylng amount At 31 December 2025 10,000 At 31 December 2024 10,000 16 Flnanelal In8trum•nts 202S 2024 Carrylng omount of fln•n¢l•l #s Instruments meaSUd at lair value through profit or loss 10,000 10,000 -24_
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 17 Tanglblè (lx ass•ts Flxture$, fltUng5 8nd oqulpmont Ct At 1 January 2025 38,554 At 31 December 2025 36.554 Dgpreclatlon and Impolnnont At 1 January 2025 Dèpreciation charged in the y&ar 14,130 2,826 At 31 Do¢ember 2025 16,956 Carrylng amount Al 31 December 2025 19,598 Al 31 December 2024 22,424 18 D•btor• 2025 2024 Amounts lalllng du• wbthln on• y•ar: Other debtors Prepaymènts and a¢¢wei1 in¢om& 3.585 75,631 8,16S 79.218 8,165 19 Cr•ditor8'. amounts lalllng du• wlthln onè yèar 2025 2024 Other taxation and social seujrity other credrtors Accruals and deferred income 451 2.001 30.380 390 1.399 14.202 32.832 15.991 -25-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 20 R•tlr•m•nt n&fit seh•m•s 2025 2024 Defined contrlbutlon scheme8 Charge to profit or loss in respect of defined contribution schemes 742 742 The Church operales a defined contribution pension scheme for all qualfying employees. The assets ol the scheme are held separatety from those of the Church in an independently administered fund. 21 Endovnngnt fund• Endowment funds represent assets whth must be held pemanenlty by the Churctt. Income arising on th¢ endowment funds can be used In accordance with the objects of the Church and Is induded as unrestncted income. Any caprtal gains or losses arising on the assets fomi part ofthe fund. At 1 January 2025 Incomlng re$ource$ At31 Dec?mber 2025 Pormanent endowrn?nl8 1,270 1,270 Provlou8 y••r: At 1 January 2024 Ineomlng resources At31 Decèmber 2024 P•mian•nt èndowmènts 1,270 1,270 The Union of Congregation has resulted in the transfer of the endowment funds from Cathcart Old Parish Church of Scotland ISC0027271 on the 71h November 2024. -26-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 22 Unr•strSetod funds - d•slgnat•d These are unrestricted fvnds whith are material to ihe Church's activities made up as follows.. At 1 January 2025 Incoming resource5 Resource8 expended Trnnsfer8 At31 D8c8mber 2025 Designated Asset Fund Kirk Session Fund F8bric Fund Benevolent Fund Sunday School Guild Fund Mens Association 282.424 1.831 12,253 1.450 822 2.161 299 {2.8261 1261 112.253) 279,598 1,924 119 1.450 822 12.1611 299 301.240 119 115.1051 12.1611 284,093 Pr•vlou8 y•ar: At 1 January 2024 Incomlng r•8ource8 Re80urce8 expended Transf•r8 At31 December 2024 Designated Assel Fund Kirk Session Fund Fabric Fund Benèvolent Fund Sunday School Guild Fund Mens Association 25,250 1,720 280.000 {2,8261 282,424 1,831 12,253 1,450 822 2,161 299 12.253 1.450 822 2.161 299 26.970 277.096 {2.8261 301.240 -27_
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 22 Unrestricted funds - designated (Continuedl Dèslgnatèd Assèt Fund The DesKJnated Assets Fund represents the net book value of the tharitys fixed assets. During the prior year. Income of £260.(N)O represented the propety acquired upon the Union with Cathcart Old Parish Church of Scotland ISC0027271. Klrk Sesslon Fund The Kirk Session Fund records the income and expenditufe of thè Kirk Session. This fvnd 1$ trèated 8$ "designated. as the Trustees recognise that the fund can onty be used at the d¢stiOn ol the Session. Fabric Fund Represents fund5 held for the maintenanrE of Ihe church properbes. 8•ntvoltnt Fund The Benevolent Fund exists to provid& a$s1$tan In tom$ of hardshlp. Sunday School Fund RepSeThts funds that the Trustees have set aside for use by the Sunday School. Gulld Fund Represents fund$ th81 the Trusle•s have set asidè for us• by the Guld Committe•. Th• Gulld Fund Is no longer held by the Church. The balance was transferred to General Fun¢Js Iunrestrictedl at 31 December 2025. Men¥ A88oclatlon Fund Represenls lund5 thal the Tru8lees have sel aside for use by the Mens Assou81i0n. -28-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 23 R•strfet•d funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust Subject to specjfic condition5 by donors as to how they may be used. Al 1 January 2025 Incomlng f•soure• Resources •xpènd•d At31 Dèeèmb8r 2025 Flower Fund Sunday Club Raclaimable propety costs Restricted Legacy Fund Defibrillator Fund 3.870 1.412 11.6381 137.877 1137.8771 250 100 250 11001 5.200 139.289 1139.8151 4,874 Prnvlou8 y•ar: At 1 January 2024 Incomlng re8ource8 Re8ource8 expended At31 Daeember 2024 Flower Fund Sunday Club Restricted Legacy Fund Defibri1181or Fund 522 1.373 250 4,899 3,870 980 250 100 13931 2.24S 4,899 11,9441 5,200 Flowtr Fund The Flower Fund represents lunds used lo buy lTh)wers for church services. Sunday Club Represents funds used towards the Sunday Club and generalty young peopS. growth in the Christian faith. R•elaimabl• Prtsrty Coata Records expenditure Incurred localty dunng the financial year which the Trustees were able to access fijnds held on behalf of the Congregation by the Church of Scodand General Trustees towards. Both income and expenditure are recorded though this fvnd. Further details of the balances remaining with the Church of Scotland General Trustees are included within the Appendix lo ihe financial stalements. Restricted Lega¢y Fund The Restricted Legacy Fund represents funds receNed from legaoes that specific iestriGtions. During 2008, the church received a £250 legaq to be used towards the purchase of a stained glass window. Deflbrtllator Fund Represents donations r1ved iowards the costs of the purchase of a defibrillator. The fund was expended as at 31 December 2025. -29-
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 24 Unr•strSetod funds These are the unrestricted fijnds to the charity At 1 January 2025 Income Expenditure Transfer8 At31 D8c8mber 2025 General fvnds 94,579 320.162 {277.468) 2.161 139,434 Previous year: At 1 January 2024 Income Expendlture Trnn8fer8 At31 De¢gmb8r 2024 Goneral fvnd$ 86,820 207,111 1199,3521 94,579 G•nor¥l Fund The General Funas represent the res&rvg$ of Ihe Church which lh& Tru$lo¢$ a lo dir¥¢t In th& furtherance ol the objectives of the Church wthout further reStrtiOn. 25 Analy81s of net a88et8 between fund8 Unrn•trlet•d Unrn•trlet•d lund fund¥ g•n•ral d•slgnated 2025 2025 R••trlet•d Endowm•nt fund$ fund$ Total 2025 2025 2025 At 31 D¢mb*r 2025= Tangible assets Invèstment prop8rties Investment5 Current assetsllliabilities 19.598 280.000 19,598 260,000 10.000 140,073 10.000 129.434 4.49S 4,874 1,270 139.434 284.093 4.874 1.270 429,671 Unreslrl¢tsd Unre$trl¢ted funds funds general dgsignated 2024 2024 Restrl¢ted Endovrnent funds funds Total 2024 2024 2024 At 31 December 2024: Tangible assets Investment properties Investments Curient assetsllliabilttiesl 22.424 260.000 22,424 260.000 10,000 109,865 10,IXIO 84.579 18.816 5,200 1,270 94,579 301.240 5,200 1,270 402,289
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 26 Volunte•rs In common wrth all congregations of the Church of Scotland the COnggatiOn benefits from the contribution made by volunteers who give their tirne and tslents willingty for Ihe benefit of the Church. The areas of congregational lrfe which rety on the contribubon of volunleers are many and varied and much of the activity would be unable to continue w8re it not forth8 cofflmitment shown. 27 Capltal commltments Amounts contracted for but nol provided in the financial stalements.. 2025 2024 othèr building ¢0515 51.483 This represents the balance due for roof repairs per contract wmmenced before 31 December 2025. paid February 2026. 28 Coll•¢tloni lor Thlfd P•rtl¢• 202S 2024 Glasgow SE Foodbank Lodging House Mis&on 730 505 261 1,235 261 Calhcart Church ol Scolland a¢t&d 8$ ¥n agenl lo colle¢l and femrt fund$ lo the abov¥ named third parties. This income is not trèated as belonging to the Con9regatson as thè Tfustèes cannot control or dirg¢t the funds. As such the income and eXpendrtU Is not reported in the Statement ol Finanaal Activities. 29 Related party transactlons Other than disdosed in note 10. there were no disd05able relaled party transactions during the year12024 - none). At date of Union of the Chvrches, 7th November 2024. the Church of Scotland required that the Congregational board was disbanded and any nonolders would lose their Trustee Status. Alex Hardie, Treasurer from January 2026. is also a Truslee of Radiate Cathcart. During the year to 31 December 2025 Calhcart Churth of So)Uand paid a Grant of £10.o12024.. £10.OCK)I lo Radiate Calhcjrt. 31
CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 30 R•stat•m•nt of Comparltlv•s By virtue of the Union of Congregations in late 2024, any ongoing actrtS associated wth Ipreviousl Cathcart Old Parish Church buildings. are now reported wthin Calhcart Church of Scotland. Although no changes to the overall totals in wmparabves 120241. some income and expenditure categorie5 have been restated to piesent a more d8tailed view of transadions, consistent wrth the allorAtion5 of Cathcart cos, wbthin these financial statements. Furthemiore. the categorisalion of a property held locally has been re-categorised as investment property rather than functional fixed assel as it is held to derive investment retum. rather than for use in the charrty's own activities. There has been no ¢hange lo the report&d $urplu$ of net assets Ireserv¢$l as a SuIt of the abov& restatements. 31 Income from ActSvW•8 Contributions and hall hire fees from groups and organisations holding activrties vthin our Church buildings include Unossoelated A&8oelated Assoclatod Llf¢ & Wo Unre8trlcted Unrestricted Re8trlcted Unre8trtcted 2025 Total 2024 Total legro Dance Arts and crafts Baby sensory adminton Clubs Cocaine Anonyrnou ER Feel Better Foundation Fathers Song Flower fund Guid8s and Browniès Hear my music Hall Hire Hosprtality Life and Work Line Dancing Mission sales Mtsments Cafe Probu3 Scouts Snowdrops Street Pastors Table tennis Thursday Exercise Toddlers 9,695 1,115 270 9,695 840 1,350 1,416 270 1.660 1.020 1.020 743 743 473 232 1,760 745 7.125 160 1.022 164 1,260 5.660 200 370 630 150 200 1,940 1,412 1,412 978 8.590 150 1.967 978 6.5 150 201 1.766 1,110 1,110 7,025 450 385 7,025 450 385 150 150 300 2,055 525 2,055 525 700 27,397 8,791 1,412 37,604 36,741 -32_