The High School of Glasgow
Latest income
£14.7m
Latest spending
£14.7m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity recorded a marginal overall deficit of £26,540 for the year, driven by £381,589 in one-off restructuring costs, despite achieving an unrestricted surplus of £306,394. The charity holds total reserves of £9,022,864, though it notes that £8.8m of unrestricted funds are allocated against fixed assets, meaning free reserves held in readily available funds are limited. The trustees confirm the charity is in a robust financial position with no external debt, supported by strong cash flow management.
What the accounts disclose
Highest-paid employee band: £160,000 - £170,000
“£160,000 - £170,000 1” — page 23
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Two Directors and the Rector are directors of Glasgow High School Club Ltd. The School paid £540,000 for rental of sports pitches and grounds keeping services. Interest of £41,193 was charged on a loan of £502,507. An inter-company creditor of £119,740 exists.
“Two Directors and the Rector are also directors of Glasgow High Schoo! Club Ltd. £540,000 (2024: £540,000) was paid to the Club for rental of sports pitches and associated grounds keeping services. Interest was charged to the Club of £41,193 (2024: £50,185) ona loan which totalled £502,507 (2024: £577,507) at the year end. There is an inter-company creditor between the School and Club of £119,740 (2024: £10,933).” — page 28
Per FY2025 accounts as filed with OSCR.
Related-party transaction: One Director is a Partner at Clyde & Co (Scotland) LLP. Fees of £1,435 were paid to the firm.
“Two Directors and the Rector are also directors of Glasgow High Schoo! Club Ltd. £540,000 (2024: £540,000) was paid to the Club for rental of sports pitches and associated grounds keeping services. Interest was charged to the Club of £41,193 (2024: £50,185) ona loan which totalled £502,507 (2024: £577,507) at the year end. There is an inter-company creditor between the School and Club of £119,740 (2024: £10,933).” — page 28
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Four Directors and four Key Management Personnel had fifteen children attending the School.
“Two Directors and the Rector are also directors of Glasgow High Schoo! Club Ltd. £540,000 (2024: £540,000) was paid to the Club for rental of sports pitches and associated grounds keeping services. Interest was charged to the Club of £41,193 (2024: £50,185) ona loan which totalled £502,507 (2024: £577,507) at the year end. There is an inter-company creditor between the School and Club of £119,740 (2024: £10,933).” — page 28
Per FY2025 accounts as filed with OSCR.