City of Glasgow College
Latest income
£93.5m
Latest spending
£95.7m
Accounts read
FY2025
Form
Statutory corporation (Royal Charter etc)
Financial health, per FY2025 accounts
The accounts state that the College achieved an adjusted operating surplus of £59,000 for the year ended 31 July 2025, despite budgeting for a deficit. However, the College reported net current liabilities of £7.5 million, primarily due to the inclusion of a Non-Profit Distributing (NPD) contract liability, and its cash balance decreased significantly from £12.4 million to £5.3 million during the year.
What the accounts disclose
Highest-paid employee band: £175,000 - £180,000
“The banded remuneration of the highest paid official in the College in AY2024-25 was £175,000 to £180,000” — page 39
Per FY2025 accounts as filed with OSCR.
Trading subsidiary: City of Glasgow International Ltd
“The College has one subsidiary company called City of Glasgow International Ltd. The company is wholly owned by the College.” — page 84
Per FY2025 accounts as filed with OSCR.
Governance note: The Board was not properly constituted from 30 July 2025 to 14 August 2025 due to a delay in Scottish Ministers appointing the Chair.
“due to a delay in Scottish Ministers appointing the Chair, and through no fault of the College, the Board was not properly constituted from 30 July 2025 to 14 August 2025.”
Per FY2025 accounts as filed with OSCR.
Governance note: A Financial Memorandum breach was notified by the Glasgow Colleges’ Regional Board on 30 January 2025.
“due to a delay in Scottish Ministers appointing the Chair, and through no fault of the College, the Board was not properly constituted from 30 July 2025 to 14 August 2025.”
Per FY2025 accounts as filed with OSCR.
Independent examiner: Audit Scotland
Per FY2025 accounts as filed with OSCR.