TEchNIcAL ADVISOR REGISTERED OffIcE - Glasgow Building Preservation...

G L A S G O W B U I L D I N G P R E S E R V A T I O N T R U S T

A N N UA L R E P O R T 2 0 0 5

B O A R D O f D I R E c TO R S

E l E c t E d d i r E c t o r s

Stewart LeightonJohn EntwistlePatricia ChalmersJohn SheridanHenry McKeownThomas McInallyJohn SteelePaul Zealey

c o - o p t E d d i r E c t o r s

David Martin

N o m i N at E d d i r E c t o r s

Jeremy Armitage – Trades House of GlasgowRichard Corrigan – Glasgow Chamber of Commerce

Moira Dyer – Glasgow City Marketing BureauMary Leggat – Glasgow Trades Union CouncilJohn Chapman – Merchants House of GlasgowCllr. James McNally – Glasgow City CouncilMichael Jarvis – Glasgow Institute of Architects

o f f i c E B E a r E r s

Patricia Chalmers – ChairJohn Entwistle – Vice ChairJohn Steele – Secretary

P R O f E S S I O N A L S TA f fDirector – Anne McChlery Development Director - Neil Baxter (Consultant)Project Development Officer – Gill Stewart Finance & Administration Officer – Ruth Oliver C.A.

G L A S G O W B U I L D I N G P R E S E R V A T I O N T R U S T

T h E T R U S T A N D I T S P R O j E c T S A R E S U P P O R T E D By:

T E c h N I c A L A D V I S O RJames McDonald – Glasgow City Council

R E G I S T E R E D O f f I c E42 Miller Street, Glasgow, G1 1DT

r E g i s t E r E d N u m B E r

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s c o t t i s h c h a r i t i E s N u m B E r

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AU D I TO R SGerber Landa & GeeRegistered AuditorChartered Accountants11/12 Newton PlaceGlasgow, G3 7PJ

Cover Images: Ornkey Street Police Station (Photography – Jon Jardine)

C H A I R ’ S R E P O R TPatricia Chalmers

G L A S G O W B U I L D I N G P R E S E R VAT I O N T R U S T is pleased to report another successful year – its 23rd! Over the past few years the Trust has steadily increased its capacity and is looking forward to a full programme of work now and well into the future. This charitable trust plays an essential role in helping to deliver year on year improvements to the quality of life of Glasgow’s people. It also makes a significant contribution to economic regeneration. Like other large European cities there are strong linkages between Glasgow’s competitiveness and the quality of its heritage and conservation work. To this end GBPT is a strong advocate of significant expansion in the investment directed to the conservation, restoration and sustainable reuse of the City’s superb legacy of listed buildings.

The Trust’s major achievement this year has been the start of building work on the £3.3m restoration of Castlemilk Stables. This project typifies our priorities. The Castlemilk community has driven the project, with countless local people supporting the campaign to give this last precious remnant of the historic Castlemilk estate a viable future. GBPT has worked with the many ‘stakeholder’ organisations to assemble a comprehensive funding package and co-ordinate the building works. In a year’s time we will deliver an extraordinary building, fully restored and revitalised to, community based, Cassiltoun Trust.

Parallel to our activity in Castlemilk the Trust has continued to be very active in Govan. Over the year it has worked on feasibility studies for Govan buildings (Kinning Park and Orkney Street), an Area Conservation Plan, contributed to a ‘Living Landmark’ lottery bid and coordinated further renovation work to the hugely important Pearce Institute. Again this work has been carried out in partnership with local organisations with whom we share the aspiration to regenerate Central Govan. The recently published central Govan Action Plan supports the local vision of combining the restoration of the area’s many historic buildings with well designed

new buildings and re-opening Govan to its waterfront. Our AGM this year included inspiring presentations by Damien Yeates, Chief Executive of Govan Initiative and Tim Edwards, Partnership Manager of the area’s Social Inclusion Partnership which provided an excellent insight into the high aspirations for this important part of the city.

Each year, in addition to the Trust’s core business of citywide feasibility and improvement works to historic buildings, we coordinate Glasgow’s Doors Open Day. This annual and much loved weekend event opens up (in some instances for the first time) an amazing variety of Glasgow’s best buildings, old and new, to the public. This year over 35,000 people participated by visiting buildings, going on tours and enjoying the many performances specially staged for the event. Many thousands more experienced the street buzz and activity which helps showcase the city’s built heritage. One of the best features of Doors Open Day in Glasgow is that the event is dependant on and supported by many volunteers, all of whom have a pride in Glasgow and who want to share their enthusiasm with others. GBPT intends to continue building this event and would like to see its profile expanded to increase participation and awareness in Glasgow and across Scotland, so that it will fulfil its potential as a high profile tourist attraction.

Glasgow Building Preservation Trust is proud of the energy contributed by its voluntary Board and its partners – Glasgow City Council, Glasgow City Marketing Bureau, Glasgow Chamber of Commerce, The Merchants House of Glasgow, Glasgow Trades Union Council, The Trades House of Glasgow and the Glasgow Institute of Architects who have been so supportive of the work of the Trust, by sitting on its Board and providing excellent advice and guidance.

The Trust’s work would be impossible without our funders. We wish to thank: Glasgow City Council, The Architectural Heritage Fund, Heritage Lottery Fund, Historic Scotland, Communities Scotland, Strathclyde

European Partnership, Merchant City Townscape Initiative, Scottish Enterprise Glasgow, Merchants House of Glasgow, The Trades House of Glasgow, World Monuments Fund, Castlemilk Partnership, Govan Social Inclusion Partnership, East End Social Inclusion Partnership, SCHRI Green Energy Trust, Scottish Power Green Energy Trust, Fresh Futures New Opportunities Fund, the Pilgrim Trust, Leche Trust, Greater Glasgow Health Board, the Hugh Fraser Foundation and the Cruden Foundation.

The Trust has been blessed with enthusiastic and tenacious (a particular requirement in our line of work) staff over the years. I would particularly wish to thank the staff that have worked for the Trust over the last year- Susan O’Connor, Veronica Low, Gemma Cole, Linda Tinto, and Theresa White, and our current staff team of Anne McChlery, Director, Neil Baxter, Development Director, Ruth Oliver, Finance Officer, and Gillian Stewart, Project Development Officer.

None of our work could progress on a week to week basis were it not for the work of our Executive Committee and the Board, all hugely busy professionals. Our team who give generously of their time and expertise and whom I would wish to thank most sincerely are, Executive: Vice Chair, John Entwistle, Dickson Joiners Ltd; John Sheridan, Classical House; Tom McInally, McInally Associates; Henry McKeown, JM Architects; and Jack Steele, Pollokshields Burgh Hall Trust. Board: Jeremy Armitage, Trades House of Glasgow; John Chapman, Merchants House of Glasgow; Richard Corrigan, Glasgow Chamber of Commerce; Moira Dyer, Glasgow City Marketing Bureau; Michael Jarvis, Glasgow Institute of Architects; Mary Leggat, Glasgow Trades Union Council; David Martin, Architect, Planner & Historian; James McDonald, Glasgow City Council; Cllr James McNally, Glasgow City Council; Paul Zealey, Paul Zealey Associates.

Patricia Chalmers

7 3 - 7 7 T R O N G A T EJohn Carrick, 1868 ‘C(S)’ Listed

G B P T h A S B E E N Ac T I N G in an advisory capacity to assist with this restoration of commercial premises for Glasgow City Council.

73 – 77 Trongate was empty, suffering badly from water ingress and related rot. There were structural problems related to the front parapet and roof and decay to the string courses and eaves cornice. The project has made the building wind and watertight, reinstated the original features internally and externally (with the proviso that the building must be marketable for commercial

D E S I G N T E A m

a r c h i t E c t Fiona Sinclair Neil MacPhail ArchitectsQ s TJ Rosss t r u c t u r a l E N g i N E E r Structural Partnershipp l a N N i N g s u p E r v i s o r Fiona Sinclair Neil MacPhail Architects

cO N T R Ac TO R Helforn Limited

f U N D E R S Glasgow City Council Merchant City Townscape Heritage Initiative Historic Scotland

uses) removed the redundant streetlight and re-instated the original shop fronts.

The building is reputed to be by John Carrick, Glasgow’s first City Architect. An asymmetric, two-storey Tudor gothic building of painted sandstone, it carries a copy of Glasgow’s Coat of Arms within the pedimented gable. The building retains its distinctive trussed internal roof structure. The building was a former Dolls Hospital Tearoom and defers in scale and prominence to the neighbouring Tron Steeple.

Owner /client for the building contractGlasgow City Council, Development & Regeneration Services / Merchant City Townscape Heritage Initiative) with Glasgow Building Preservation Trust acting as agent.

Owner Post Contract:Glasgow City Council-the building is being marketed potentially for shop use in the lower floor with office space above.

C A S T L E M I L K S T A B L E SArchitect Unknown, 1794 ‘B’ Listed

I N AU G U S T 2 0 0 5 , the Castlemilk Stables building was purchased by GBPT and Chard Construction began work. The building is scheduled for completion in early 2007.

One of the largest projects undertaken by GBPT to date, the Stables is the fruition of years of lobbying by the people of Castlemilk to have this, one of the last remaining pieces of local history, restored and put to suitable, long term, use.

During the building contract the building is owned by GBPT after which it will transfer to the Cassiltoun Trust, a bespoke Community Trust which will own and manage the building. Any income generated will be invested to maintain the building, its interpretation, and develop the community benefits created by those based in the building.

Work to date has included clearance of debris, demolition of selected partition walls and the 1960’s

D E S I G N T E A m

a r c h i t E c t Elder and CannonQ s Neilson Binnie McKenzies t r u c t u r a l E N g i N E E r Dewar Associatesm & E E N g i N E E r s Hawthorne Boylea c c E s s c o N s u lta N t s Adapt Trustp l a N N i N g s u p E r v i s o r CDM Scotlandc l E r k o f W o r k s Clerk of Works Inspection Service Ltd

cO N T R Ac TO R Chard Construction Limited

f U N D E R S Adapt Trust, Architectural Heritage Fund (made up of: Loan, Working Capital Grant and Project Organiser Grant), Castlemilk Partnership, Cassiltoun Trust, Communities Scotland, Cruden Foundation, Dean of Guild Court Trust – Merchants House of Glasgow, Fresh Futures –New Opportunities Fund, Glasgow City Council (made up of:-Conservation Grant, Capital Receipt Contribution, City Growth Fund, South East Area Forum, Bridge Funding), Scottish Power Green Energy Trust, Heritage Lottery Fund, Historic Scotland, Hugh Fraser Foundation, Leche Trust, Pilgrims Trust, Energy Saving Trust through Scottish Community and Household Renewables Initiative, Scottish Enterprise Glasgow, Strathclyde European Partnership – ERDF Grant

t o ta l d E v E lo p m E N t c o s t £3,389,873 c o N t r a c t W o r k s c o s t s at t E N d E r a c c E p ta N c E £2,619,511

building at the rear of the building, stacking and saving dressed stone for recycling, and lifting of the stone setts in the main courtyard to enable drainage works to commence. A detailed stone condition survey is now underway.

Stonemasons are on-site and are forming the new openings in the existing North elevation, removing brick infills in original window openings and beginning to evaluate which stone can be dressed and reused.

One notable innovation in this project is the use of a ground source heat pump to provide the heating and hot water for the new building. Fourteen bore-holes have now been drilled in readiness for installing the heat pump equipment.

Although the Trust is delighted to have the project on site, funding from 23 different sources creates significant challenges.

F E A S I B I L I T Y S T U D I E S

c E N T R A L G O VA N cO N S E R VAT I O N A R E A A P P R A I S A L

Funded by Govan Social Inclusion Partnership, Greater Glasgow Health Board and Scottish Enterprise Glasgow, this study was concluded in September 2005. It reviewed the history of Central Govan from the ancient roots of this community, through its history as a focus for artisan, craft, fishing and agricultural activities up to its Victorian flowering as a centre of shipbuilding and subsequent changes wrought by the loss of that heavy industrial base in the latter half of the 20th century.

The report concludes that the continuity of ancient street patterns and the number of listed buildings in central Govan are a sound basis for the granting of conservation area status. In addition the very visible gaps in the weave of the Govan Townscape demand a focussed and sensitive approach to redevelopment. The aspiration that central Govan be officially acknowledged as being of special conservation merit is shared by all the local people and organisations consulted in the process of preparing this report.

f U N D E R S Govan Social Inclusion Partnership Greater Glasgow Health Board Scottish Enterprise Glasgow

E A S T c A m P B E L L S T R E E T m I S S I O N

Haig and Low, 1884 The East Campbell Street building provides food and support for homeless people in the East End. The Trust’s study of the buildings usage undertaken with Chris Stewart Architects Ltd proposed a number of potential solutions which are currently being reviewed by the Mission and the buildings owners, the Church of Scotland.

P R O f E S S I O N A L T E A m

a r c h i t E c t Chris Stewart Architects

f U N D E R S Glasgow City Council East Area Committee Glasgow Building Preservation Trust

K I N N I N G PA R K

The former school building which sits opposite Kinning Park Underground Station is managed by Scotland in Europe as a centre for childcare, education, training and artists workshops. Glasgow Building Preservation Trust is working with Scotland in Europe towards ensuring a sustainable future for the building.


a r c h i t E c t ATA Studio

f U N D E R S Govan Social Inclusion Partnership

L A N S D O W N E PA R I S h c h U R c h

John Honeyman, 1863The Lansdowne study reported in October 2005. The study was subsequently updated and enlarged. Supported by the Architectural Heritage Fund and Glasgow Conservation Trust West the study incorporates detailed reporting on the fabric and services of the building. It reviews current and potential future usage including an option that the building be transferred to a dedicated trust which would undertake the phased restoration of its fabric but might also, potentially, enable the continuing use of the church by its present congregation.


a r c h i t E c t Honeyman Jack & Robertson

f U N D E R S Architectural Heritage Fund Glasgow Conservation Trust West

O R K N E y S T R E E T P O L I c E S TAT I O N

John Burnet, 1867 After a study which reported in November 2004 this project, to restore what was originally Govan Burgh Chambers (latterly converted to a police and fire station) is being pursued by Govan Initiative with Glasgow Building Preservation Trust acting as an advisor. It is planned to reconfigure the interior of the building to provide business start-up units and office space. It is also hoped that, alongside the redevelopment of the Police Station, associated development will create new tenemental housing at this important ‘gateway’ to central Govan. ATA Studio has been retained by Govan Initiative which has engaged its own professional team to progress the project.


a r c h i t E c t ATA Studio

f U N D E R S Glasgow City Council

P R O VA N h A L L

Architect Unknown, 15th CenturyThe restoration of what its owners, the National Trust for Scotland, describe as “probably the most perfect pre-reformation mansion house in Scotland” will be a crucial step towards Glasgow City Council’s ambitious goal of establishing the Bishops Estate, a substantial area of north-east Glasgow as a visitor and recreation attraction of national importance. The hall and neighbouring Blochairn House, which sits opposite within an enclosed courtyard will become the main attractions within a restored landscape context formed within the surrounding Auchinlea Park. Glasgow City Council and its National Trust partners are currently working with Glasgow Building Preservation Trust towards ensuring a restoration and interpretation project of national importance.


B u i l d i N g s u r v E y / Q s CRGPm & E c o N s u lta N t s Davie & McCullochl a N d s c a p E c o N s u lta N t s Land Use Consultantsh i s t o r i c B u i l d i N g s c o N s u lta N t Dr Bruce Walkerd E N d r o c h r o N o lo g i s t Dr Anne Crone

f U N D E R S Glasgow City Council

C O M P L E T E D B U I L D I N G P R O J E C T S

P E A R c E I N S T I T U T E

R Rowand Anderson, 1906The Pearce, by far the largest building in central Govan, occupies a very important place in the affections of the whole community. It serves as a focus for events, local businesses and a huge variety of activity central to the life of the Govan community.

The Pearce is a huge, ongoing project. Working with the Institute’s management and Board as well as other local organisations, particularly Govan Social Inclusion Partnership, the Trust has helped towards a number of remediation and repair projects which have greatly improved the appearance and fabric of the building. However, acknowledging the huge amount that still requires to be done on this crucially important ‘A’-Listed monument GBPT has commissioned Page & Park to carry out a detailed review and itemise repairs to help ensure that expenditure on the PI is carefully prioritised over the successive phases of repair planned for the future.


a r c h i t E c t Page & ParkQ s Gardiner & Theobaldm & E c o N s u lta N t s Hawthorne Boyle Partnership

f U N D E R S Communities Scotland Govan Social Inclusion Partnership Greater Glasgow Health Board Keeping Well in Greater Govan Scottish Enterprise Glasgow

S O U T h E R N N E c R O P O L I S G AT E h O U S E

Charles Wilson, 1848During 2005 Glasgow City Council undertook a programme of ‘holding repairs’ which removed debris from within the structure, installed a new roof (concealed behind the parapet), consolidated unstable masonry and provided pigeon netting to keep out unwelcome avian intruders. A new lighting scheme was launched to great acclaim in Autumn 2005. It is hoped that in time funds might be forthcoming to undertake more permanent repairs to this landmark structure.


a r c h i t E c t Fiona Sinclair Neil MacPhail ArchitectsQ s Thomas J Ross

f U N D E R S Glasgow City Council – South East Area Budget Scottish Enterprise Glasgow

I N L AT E 2 0 0 5 T h E T R U S T commissioned the architect and urbanist Raymond Young to undertake a study into the impact GBPT’s work has had on development in Glasgow and on preserving the city’s heritage. Raymond, a former director of Scottish Homes and Communities Scotland is now Chair of Architecture and Design Scotland. He also lectures in urban design throughout Europe and runs his own consultancy practice – Anarky Consulting.

His report was delivered in January 2006. Key findings from Raymond’s research are:

• GBPT has restored or consolidated fourteen important Glasgow buildings and contributed research and expertise to many projects which await funding,

• for every pound invested by the City Council in GBPT’s work the Trust has raised nine,

• the Trust’s work to date has supported around four hundred jobs,

T H E I M P A C T O F G B P TOn Development In Glasgow

• GBPT’s work is concentrated within areas of social exclusion – contributing to community empowerment,

• by restoring heritage buildings the Trust plays a crucial role as a catalyst for further investment,

• Doors Open Day and the Trust’s other educational work greatly enhances public appreciation of the built heritage,

• GBPT is good for Glasgow’s image.

The report concludes that GBPT is a vital part of Glasgow’s regeneration ‘toolkit’. It is a friend to many local communities and locally based organisations. However the final point of the report is critical of the Trusts promotion of its own achievements – on this aspect the conclusion is ‘must try harder’. All our funders and supporters can be assured that we will!

D O O R S O P E N D A Y 2 0 0 5

T h E 1 6 T h D O O R S O P E N D Ay took place on the 17th and 18th September 2005. The incorporation within this event of Access to Churches Day resulted in an unprecedented 101 buildings being open to the public over the weekend. New highlights this year included Glasgow Homoeopathic Hospital, Impact Arts – The Factory and a number of impressive places of worship. In addition to the increased number of buildings many new tours were offered along with special events and performance at Provan Hall, the Southern Necropolis and many other venues.

Once again Doors Open Day benefited from major sponsorship from Glasgow City Council but it also received financial support from Scottish Enterprise Glasgow and numerous other organisations and businesses. We are once again immensely grateful to all those who support Doors Open Day but in particular to

the building owners who contribute their time, energy and sheer enthusiasm to ensure that this event is a highlight of Glasgow’s annual tourism calendar as well as being eagerly awaited by Doors Open Day fans from throughout the city and well beyond.

We are extremely grateful for the generosity of: Arup Scotland, Bank of

Scotland, Burness Solicitors, Campbell Construction Group, Creative

Colour Bureau, City Sightseeing, Chard, Classical House, Elder &

Cannon, European Heritage Days, Evening Times, G1 Group, Gardiner

& Theobald, Gerber Landa & Gee, Glasgow City Council, Glasgow

Scotland with Style, Hunter & Clark, Hypostyle Architects, Keppie

Design, McInnes Gardner & Partners, Merchants House of Glasgow,

Neilson Binnie-McKenzie, OranMor, Radisson SAS, RMJM, RTPI, Scottish

Enterprise Glasgow, Fiona Sinclair Neil MacPhail Architects.

The directors present their report with the financial statements of the company for the year ended 31st March 2005.

P R I N c I PA L Ac T I V I T y

The principal activity of the company in the year under review was that of identifying and restoring historic or architecturally significant buildings at risk from neglect or abuse within Greater Glasgow and its environs.

R E V I E W O f T h E B U S I N E S S

This has been a particularly busy year preparing for the site start of the Castlemilk Stables restoration project. In addition the Trust has been commissioning, preparing and delivering several project feasibility studies, acting as agent on several repair and restoration projects and last but not least promoting and co-ordinating the Glasgow Doors Open Day event in September 2004.

Under the excellent management of James Barr, the Wellpark/Kirkhaven building owned by the Trust made a £35k surplus this year. However it should be recognised that in order to fulfil the Trust’s responsibility for the long-term upkeep of the building in terms of cyclical and planned maintenance, it is absolutely necessary to make such surpluses and transfer them to an appropriate sinking fund.

As at the balance sheet date the Trust is showing net assets of £957k. The largest portion of this reflects the value of non-liquid assets held by the Trust- the investment properties at Wellpark/Kirkhaven and St Andrews in the Square. During the year Wellpark/Kirkhaven was revalued upwards by £411k taking its stated value to £1.1m. The Trust is justifiably proud of its achievements in both restoring and continuing to meet its management obligations in respect of these outstanding buildings.

D I R E c TO R S

The directors during the year under review were:

P. ChalmersS. Leighton M. Dyer M. Leggat Cllr. J. McNally H. McKeown J. Entwistle J. Sheridan T. McInally

D. Martin P. Zealey M. Jarvis R. Corrigan J. Armitage J Steele

S TAT E m E N T O f D I R E c TO R S’ R E S P O N S I B I L I T E S

Company Law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to

• Select suitable accounting polices and then apply them consistently;• Make judgements and estimates that are reasonable and prudent;• Prepare the financial statements on the going concern basis unless it is inappropriate to

presume that the company will continue in business.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AU D I TO R S

The auditors, Gerber Landa & Gee, will be proposed for re-appointment in accordance with Section 385 of the Companies Act 1985.

This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

O N B E h A L f O f T h E B O A R D

John Entwistle, Director

G L A S G O W B U I L D I N G P R E S E R VAT I O N T R U S T L I m I T E D

Report of the Directors for the Year Ended 31st March 2005

We have audited the financial statements of Glasgow Building Preservation Trust Limited for the year 31 March 2005 on pages five to thirteen. These financial statements are been prepared under historical cost conventions (as modified by the revaluation of certain fixed assets) and the accounting polices set out on page six.

R E S P E c T I V E R E S P O N S I B I L I T I E S O f D I R E c TO R S A N D AU D I TO R S

As described on page two the company’s directors are responsible for the preparations of financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Auditing Standards.

We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 1985. We also report to you if, in our opinion, the Report of the Directors is not consistent with the financial statements, if the company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding directors’ remunerations and transactions with the company are not disclosed.

We read the Report of the Directors and consider the implications for our report if we become aware of any apparent misstatements within it.

B A S I S O f O P I N I O N

We conducted our audit in accordance with United Kingdom Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence

relevant to the amounts and disclosures in the financial statements. It also includes as assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company’s circumstances, consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

O P I N I O N

In our opinion the financial statements give a true and fair view of the state of the company’s affairs as at 31st March 2005 and of its surplus of the year then ended and have been properly prepared in accordance with the Companies Act 1985.

Gerber Landa & GeeRegistered AuditorsChartered Accountants11/12 Newton TerraceGlasgow, G3 7PJ


Report of the Independent Auditors to the Members of the Glasgow Building Preservation Trust Limited

31.3.04 31.3.05 £ Notes £ INCOME 10,000 3 Grants Received 10,000 8,346 4 Management Fees 8,603 7,570 Fundraising and Donations 12,849 1,401 5 Rental Income 6,711 31,098 4 Consultancy Fees 65,722 10,567 Investment Income 13,304 169,253 6 Wellpark/Kirkhaven Income 223,942 238,235 341,131

EXPENDITURE 58,466 7 Building Restoration 74,013 3,470 7 Fundraising 4,406 7,519 7 Administration 9,694 165,398 Wellpark/Kirkhaven Expenditure 188,918 234,853 277,031

3,382 (Deficit)/Surplus For Year 64,100

Statement of Total Recognised Gains and Losses 31.3.04 31.3.05 £ £ 3,382 (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR 64,100 - Surplus on Revaluation 411,353 3,382 TOTAL RECOGNISED GAINS AND LOSSES RELATING TO THE YEAR 475,453 Allactivitiesrelatetocontinuingoperations.


Revenue Account for the Year Ended 31st March 2005

The notes form part of these financial statements

31.3.04 31.3.04 31.3.05 31.3.05 £ £ Notes £ £ FIXED ASSETS 796,720 9 Tangible assets 1,184,498

CURRENT ASSETS 60,072 10 Debtors 659,488 284,407 Cash at bank and in hand 364,864 344,479 1,024,352

CREDITORS: Amounts falling 659,782 11 due within one year 1,251,980

(315,303) NET CURRENT (LIABILITIES)/ASSETS (227,628)

481,417 TOTAL ASSETS LESS CURRENT LIABILITIES 956,870

12 CREDITORS: Amounts falling - due after more than one year -

481,417 956,870

UNRESTRICTED FUNDS: 53,382 17 Revaluation Reserve 464,735 133,059 18 Designated Reserves 160,559 294,976 19 General Funds 331,576 481,417 956,870

These financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

ON BEHALF OF THE BOARD:

Patricia Chalmers, Director John Entwistle, Director

Approved by the Board on <DATE>!


Balance Sheet as at 31st March 2005

Unrestricted Restricted Endowment Total Funds 2004 Funds Funds Funds Total £ £ £ £ £INCOMING RESOURCESGrants Received 10,000 - - 10,000 10,000Management Fees 8,603 - - 8,603 8,346Fundraising & Donations 12,849 - - 12,849 7,570Rental Income 6,711 - - 6,711 1,401Consultancy Fees 65,722 - - 65,722 31,098Investment Income 13,304 - - 13,304 10,567Wellpark/Kirkhaven Income 223,942 - - 223,942 169,253 341,131 - - 341,131 238,235

RESOURCES EXPENDEDBuilding Restoration 74,013 - - 74,013 58,466Fundraising 4,406 - - 4,406 3,470Administration 9,694 - - 9,694 7,519Wellpark/Kirkhaven Expenditure 188,918 - - 188,918 165,398Total Resources Expended 277,031 - - 277,031 234,853

Net Incoming(Outgoing)Resources 64,100 - - 64,100 3,382

Surplus on Revaluation 411,353 - - 411,353 -

Balances Brought Forwardat 1 April 2004 481,417 - 481,417 478,035

BALANCES CARRIED FORWARD AT 31st March 2005 956,870 - 956,870 481,417


Statement of Financial Activities for the Year Ended 31st March 2005

1 . AccO U N T I N G P O L I c E S

Accounting conventionThe financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets and are in accordance with applicable accounting standards, the Charities Accounts (Scotland) Regulations 1992 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) issued in October 2000.

Financial Reporting Standard Number 1Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Tangible fixed assetsDepreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery, etc - 25% on cost and - 33% on cost

Investment PropertiesIn accordance with SSAP19 investment properties are included within the balance sheet at their open market value. No depreciation is provided in respect of investment properties. It is a requirement of the Companies Act 1985 that all properties are depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in the SSAP 19 and the directors consider that the standard should be adopted in order to provide a true and fair view.

Deferred taxationProvision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future.

Hire purchase and leasing commitmentsRental paid under operating leases are charged to the profit and loss account as incurred.

PensionsThe company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged on the profit and loss account.


Notes to the Financial Statements for the Year Ended 31st March 2005

GrantsRevenue Grants are taken to Revenue Account in the year to which they relate. Project Grants are deducted from the cost of Investment Properties. A condition of certain project grants requires repayment of all or part of the grant if the properties are disposed of within certain time periods.

Rent and Service ChargesGross rents and service charges received and receivable from the investment properties are included in the revenue account on the basis that credit is taken as they fall due for payment. Provision is made for any rents due but not considered receivable.

2 . G R A N T S R E c E I V E DThis grant represents core funding received from Glasgow City Council.

3 . m A N AG E m E N T A N D cO N S U LTA N c y f E E SThis represents income from the provision of project management and consultancy services.

4 . R E N TA L I N cO m EThis represents rental income from the Trust’s property at St Andrews in the Square.

5 . W E L L PA R K / K I R K h AV E N I N cO m EThis represents rental, service charges and other income from the Trust’s property at the Wellpark/Kirkhaven Enterprise Centre.

6 . E X P E N D I T U R EForyearended31stMarch2005

Building Fund Wellpark/ 2004 Restoration Raising Admin. Kirkhaven Total £ £ £ £ £ £Employment Costs 53,132 3,162 6,959 - 63,253 77,709Publicity & Marketing Costs 2,351 140 307 - 2,798 7,603Services Costs 5,404 322 708 150,797 157,231 134,780Professional Fees 4,171 249 546 23,439 28,405 27,573Office Costs 8,955 533 1,174 14,682 25,344 (12,812) 74,013 4,406 9,694 188,918 277,031 234,853

The following are included in the above; Audit Fee £4,560 (2004: £4,000): Depreciation £1,547 (2004: £4,567).

Employment costs consist of Gross Salaries £58,736 (2004: £67,879), Employers NI £2,640 (2004: £6,109) and Pension Contributions £2,640 (2004:3,721).

There are no employees with emoluments greater than £50,000.

7 . TAX AT I O NNo liability to UK corporation tax arose on ordinary activities for the year ended 31st March 2005 nor for the year ended 31st March 2004.

8 . TA N G I B L E f I X E D A S S E T S Investment Plant and Properties Machinery etc TotalsCOST OR VALUATION: £ £ £At 1st April 2004 780,789 36,703 817,492Additions 6,894 1,468 8,362Disposals - - -Grants received (26,852) - (26,852)Surplus on Revaluation 411,353 - 411,353

At 31st March 2005 1,172,184 38,171 1,210,355 DEPRECIATION:At 1st April 2004 - 20,772 20,772Charge for year - 5,085 5,085On Disposals - - -

At 31st March 2005 - 25,857 25,857

NET BOOK VALUE:At 31st March 2005 1,172,184 12,314 1,184,498At 31st March 2004 780,789 15,931 796,720

If the investment properties had not been revalued they would have been included at the following historical cost, which represents development costs less project grants received:

31.3.04 31.3.05 £ £ 727,407 Cost 707,449 424,433 Valuation at 31/3/97 424,433 (48,476) Valuation at 31/3/99 (48,476) (322,575) Valuation at 31/3/02 (322,575) - Valuation at 01/4/05 411,353 780,789 1,172,184 The properties known as Wellpark Enterprise Centre & Kirkhaven at Duke Street were valued on a current open market value basis on 1st April 2005 by the District Valuer. The directors consider this to be the open market value of the properties as at 31 March 2005. The cost of the property known as Kirkhaven at Duke Street, Glasgow includes capitalised interest of £30,883.

The property at St Andrews Church was valued at an open market value basis on 31 March 2005 by the directors. The cost of this property includes capitalised interest of £12,304.

9 . D E BTO R S : A m O U N T S fA L L I N G D U E W I T h I N O N E yE A R 31.3.04 31.3.05 £ £ 55,285 Sundry Debtors 652,239 4,787 Prepayments 7,249 60,072 659,488

1 0 . c R E D I TO R S : A m O U N T S fA L L I N G D U E W I T h I N O N E yE A R 31.3.04 31.3.05 £ £ 8,018 VAT 21,864 299,918 12 AHF Loan 285,506 90,771 Trade Creditors 544,789 139,325 Payments on Account 283,516 49,366 Deferred Income & Sundry Creditors 19,486 602 Social Security & Other Taxes 1,267 71,782 Accrued expenses 95,552 659,782 1,251,980

1 1 . c R E D I TO R S : A m O U N T S fA L L I N G D U E A f T E R m O R E T h A N O N E yE A R 31.3.04 31.3.05 £ £ - 12 AHF Loan -

1 2 . LO A N S A N D O V E R D R A f T SAn analysis of the maturity of loans and overdrafts is given below:

31.3.04 31.3.05 £ £ Amounts falling due within one year or on demand: - Bank overdrafts - 299,918 AHF Loan 285,506 - 285,506 Amounts falling due between one and two years: 299,918 AHF Loans -

1 3 . O B L I G AT I O N S U N D E R L E A S I N G AG R E E m E N T SThe following payments are committed to be paid within one year:

31.3.04 31.3.05 £ £ 4,070 Operating leases Expiring: Between one and five years 4,070

1 4 . S E c U R E D D E BT SThe following secured debts are included within creditors:

31.3.04 31.3.05 £ £ 299,918 AHF Loan 285,506

The AHF Loan of £285,506 is secured over the property at “Kirkhaven” 176 Duke Street, Glasgow.

1 5 . P E N S I O N cO m m I T m E N T SThe company contributes to defined contribution stakeholder pension schemes for its employees. The contributions paid in the year were £1,877 (2004: £3,721).


Notes to the Financial Statements for the Year Ended 31st March 2005

1 6 . R E VA LUAT I O N R E S E R V E 31.3.04 31.3.05 £ £ 53,382 Revaluation of Investment Property 53,382 - Revaluation in year 411,353 53,382 REVALUATION RESERVE AT 31st MARCH 2005 464,735

The revaluation reserve is required by the Companies Act 1985 and represents the amount by which investment properties exceed their historical cost.

1 7 . D E S I G N AT E D R E S E R V E S 31.3.04 31.03.05 £ £ 105,559 As at 1st April 2004 133,059 27,500 Transfer from General Funds 27,500 133,059 AS AT 31st MARCH 2005. 160,559

The directors have designated funds for repairs, which may be required for the investment properties.

1 8 . G E N E R A L f U N D S 31.3.04 31.3.05 £ £ 238,235 Incoming Resources 341,131 (234,853) Outgoing Reserves (277,031) 3,382 64,100

27,500 Transfer to Designated Reserve 27,500

319,094 General Funds at 1st April 2004 294,976 294,976 GENERAL FUNDS AT 31ST MARCH 2005 331,576

1 9 . A N A LyS I S O f N E T A S S E T S B E T W E E N f U N D S Unrestricted Restricted 2005 2004 & Designated Funds Funds Total Total £ £ £ £ Tangible Fixed Assets 1,184,498 - 1,184,498 796,720Net Current Assets (227,628) - (227,628) (315,303)Creditors Falling Due afterMore That One Year - - - - 956,870 - 956,870 481,417

2 0 . L A N D f I L L TAX cO N T R I B U T I O N SDuring the year the Trust received £62,717 (2004 – £nil) in respect of Landfill Tax Contributions from Glasgow City Council re the project at the Pearce Institute. Funds totalling £71,722 have been expended on the Pearce Institute and £nil on 73-77 Trongate.

2 1 . cO N T I N G E N T L I A B I L I T I E SAt 31 March 2005 the charity has contingent liabilities in relation to the Kirkhaven building and Wellpark Enterprise Centre.

On 14 July 2000, a grant of £302,000 for the Kirkhaven building was awarded from Historic Scotland. The terms of the grant stipulate that the Glasgow Building Preservation Trust shall notify Scottish Ministers immediately of any intended disposal of an entire or part interest of the property, which is due from the date of the offer of the grant. The terms of the grant also stipulate that the Scottish Ministers can recover the grant or such an amount of the grant as Scottish Ministers think fit at any time if the Glasgow Building Preservation Trust fails to comply with or contravenes the conditions of the grant. However, the grant was awarded in the knowledge that after the refurbishment of the Kirkhaven building, the Glasgow Building Preservation Trust would sell the building to the Wellpark Enterprise Centre.

A grant of £326,000 was also received from the Heritage Lottery Fund (HLF) for the Kirkhaven building in 2000. The grant was awarded in the knowledge that the property may, following the refurbishment, be sold by the grant applicants to the Wellpark Enterprise Centre and no clawback would be due to the HLF as long as the disposal proceeds do not exceed £400,000(Kirkhaven building only). However, it was a condition of acceptance of the grant that clawback may be due in the event of a sale to any other party within ten years of the award.

On 22 December 1999, a grant of £350,000 was awarded from the European Regional Development Fund (ERDF) for the Kirkhaven building. Clawback for all or part of this may be due in the event of a sale of the building before the 31 December 2005.


Income and Expenditure Account for the Year Ended 31st March 2005(excluding Wellpark/Kirkhaven Enterprise Centre)


Income and Expenditure Account for the Year Ended 31st March 2005(Wellpark/Kirkhaven Enterprise Centre)

31.3.04 31.3.04 31.3.05 31.3.05 £ £ £ £ Income: 10,000 Core Funding 10,000 8,346 Management Fee 8,603 3,070 Donations & Subscriptions 2,580 4,500 Income From Events (Net) 10,269 10,567 Bank Interest Received 13,304 1,401 Rent & Service Charges 6,711 31,098 Consultancy Fee 65,722 68,982 117,189

Expenditure: 67,879 Salaries 58,736 6,109 Social Security 2,640 3,721 Pensions 1,877 - Benefits in Kind - 2,150 Telephone 1,532 1,677 Printing & Stationery 1,212 4,415 Publicity 2,798 (37,632) Project Costs 3,284 793 Cleaning 953 4,594 Sundry Expenses 1,041 4,000 Auditors Remuneration 4,560 - Accountancy Services - 1,535 Legal Fees 406 4,070 Rent 4,070 682 Rates 640 2,156 Insurance 2,097 331 Heat & Light 485 629 Repairs & Maintenance 233 116 Bank Charges 2 6 Bank interest paid - 839 Depreciation - Fixtures & Fittings 1,144 1,385 Depreciation - Computer Equipment 403 69,455 88,113 (473) EXCESS OF INCOME OVER EXPENDITURE 29,076 (2004- EXCESS OF EXPENDITURE OVER INCOME)

31.3.04 31.3.04 31.3.05 31.3.05 £ £ £ £ Income: 141,841 Rent & Service Charges 187,687 78 Bank Interest Received 703 27,334 Other Income 35,552 169,253 223,942

Expenditure: 12,337 Property Management Fees 11,730 17,431 Telephone 22,875 2,189 Printing and Stationery 2,841 3,188 Publicity and Marketing - 18,191 Cleaning 20,289 9,043 Professional Fees 11,709 770 Rates 1,106 1,310 Water Charges 2,897 6,359 Insurance 3,869 15,603 Heat & Light 21,722 12,832 Postage 6,789 29,543 Security and Reception 33,049 1,728 Waste Disposal 2,484 20,993 Repairs & Maintenance 30,950 295 Sundry Expenses 1,926 41 Bank Charges 22 11,202 Loan Interest 11,122 2,343 Depreciation - Fixtures & Fittings 3,538 165,398 188,918

3,855 EXCESS OF INCOME OVER EXPENDITURE 35,024

Glasgow Building Preservation TrustThe Tobacco Merchant’s House, 42 Miller Street, Glasgow G1 1DTTel: 0141 221 6061 Fax: 0141 221 8007www.gbpt.org

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