MEADOW8ANK CHURCH OF SCOTLAND EDINBURGH ANNUAL REPORT AND ACCOUNTS 2022 Sc0tt15h Charity Number SC(WX52 CongrÈ8atlonal RefernrKe Numb*r010120
MEADOWBANK CHURCH OF SCOTiAND EDINBURGH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present thelr nUal report and fln•ncSJl ststements of the charlty for the year l ended 31 December 2022. The financial statements have beeri prepared In 6ccor(lance with the accountln8 pollcles set out in the Notes to the Accounts and comply wlth the charlts constltutlon. the General AsserrJty Regulation5 for conve8atnal Flnance, the Charities and Trustee Investment (Scotlandl Att 2(h)5. the Charltles Actounts Iswtland) Re8ulatlon$ 2006 las amended) and Accountln8 and Reporting by Charltles Statement of Recommended Pfattice applleable to tharlt*5 preparin8 thdr accounts In accordance wlth the F6nanclal Reporrln8 Standard appllcable In the LIK and Republlc of Ireland publlshed on 16 July 2014. OBIEcfivÈs AND AcnvmES The Church of Scotland15 Trlnttulan In doctrtne. Reformod In tradltion and Presbyteftan In | polity. It exlsts to 8lorfy God and to work for the advjncement of Chrlst's kin8dom I throughout the world. As a natlonal church. It acknowled8es & di5tlnctiNt c•ll Jnd duty to brln8 the ordinances of relt8lon to the people In every parlsh of S¢oUand through a terrltorlal mlnistry. It cwpèrates wSth other churches In varlous ecumenical bodies in Scotland and beyond. Meadowbank Church of kotland IJ cornmltted to three bask aims: Knowln8 God personally: by which we mean a thurch rooted In the BSble vthere we worshSp God and allow cr lfves to be transformed by HIS truth so that we can betom• more Ilke Je5US.
Sharin8 chrlst relevantly.. by whlth we mean a church Shall the Good News of Jesus Chrlst and where we are eoulpped to live passionaiely and conslstently for God. Servln8 otheis Joyfvlly.. by which we mean a church Whe we Icve and support each other as we serve Christ In HIS World. Central to 811 we do In pursuance of these alms are weekly Blble study and prayer, whlch we belleve lo be essential for growth In Chrlstlan character. We are also committed to evèn8ellsm and outreach. These drive our varlous actfvlties which Indude main worshlp servite on Sunday mornin8 and mldweek waver meetln8 on Wednesday aftemoon. Wlth the Servlce ol Unlon Ind Introdurtlon of a 4 year period of Transition Mlnistry on 26 October 2017, the congregation committed to kk at how It can best en8a8e wlth Its wlder communlty- the area c(wered by the for1 parishes of London Road and Holyrood Abbey. The Inltlal pertod of Tran51tion Ministry in¥olved research In thè wldet communlty, lookln8 at where there 15 Potential and Whe there are needs. In order to see how the con8re8atlon can then develop particular InFtiatives and make appropilate partnershlp5.
ACHIEVEMENTS AND PERFORMANCE We set out at the beglnnin8 of 2022 wtth ambitions that were very much con¢tmed wlth movlng forward in our bid to unlte wlth Wlllowbrae Church, with guldance from Dr. Stewart WeaveT, the convenor of the Ptesbytery ¢ornmlttee responsible for the Presbytery plan, and 5UPPOrted by our Interlm Moderator Rev. 8111 Wlshart. Our two assessor elder5.1sobel and Peter Grayi who has served as Session Clerk for almost slx years, 5food down at Ihe end of 2022 and Flona 8everid8e hès taken over as 5esslon aerk. Worshlp. Prayer and Blble Stu(ty As part of Tran51tion Mln15try, we had trled a dlfferent type of worshlp in November. December 2021. A 'Dlnner Church. format was targeted at people who mlght not be attracted to the more tradrtlonal seThlces-thls is where a very laT8e proportlon of the local populatlon ts in the 1840 a8e group. When govemment COVID restrictlon5 were relaxed we were able to offer a 'pllot' version of Dlnner Church to assess ihe format's vl•billtyand the level of re5pon5e with a very restricteA gatherln8 on a Wednesday evenln8 facllitated by Rev. -f r.T I')liclty. A regular on average In attendance and uslng medla projectlon% tij ep.1) with 14 people IC I, ¥t.Iily material was Successfully carried out. However the Klrk Ses51on later concluded In earty 1022 that while the pilot wac vietessful over a short time span the Call on limited m4npower, especially after oft, meant we should concentrate our efforts at thls.staBe on Cook Club and rf.visit the concept of Dinner Church after the summer of 2 we might be able to call on extra Iielp to run It. 3 when A monthly UPDATE Complled bi with news and some d¢votbnal materièl continues to be emalled ¥611 ilirliillfl& dnd friends and posted to tt4Jse who don't have computer access. It Is now a150 clrculaled to our cluster partner ctyurches. The Prayer 8roup has Contlnued to keep the Wednesday afternoon 85 a tlme f and others in the congregation have been encouraged to pray and keep con r prayer those who are more isolated. ct wlth b. The Fulure Our first attempt at union wlth willowbrae was unsuccessful but on-going conversation5 With nel8hbourlnR Church of Scotland eon8re8atTrOn5 restorteLI using Zoom lor m•ètlngs. Di" (haired a number of meetin85 of con8ie8ation churth representatlves to look ét how we ml8ht best operate tO8ether with a mission focus. One of the most successful outcomes has been the schedulin8 of twlce monzhly lolnt 5ervice5 wlth Willowbrae. During 2022 the revlsed Presbytery plan, vthlch conflrmed the union of Meadowbank and Willowbrae leadln8 to a three-way unlon with Portobello and Joppa Parlsh Church has been finali5ed. The 'Basls of UnlDn' and 'Mission Narr¥tive' dKument5 have been deslgned resp(Oing to the 5 P•lnts of marks of mission and have been submltted for Piesbytery Scrutiny.
c. Erumenlcal & Communlty RelatlonsNps During COVID we were rather restricted In what It was posslble to do but we have hlstorlc connection5 to a number of nelghbourin8 churches that can be reconnerted. We have again 8iven our church 5ce to Abbeyhill Prlmary School for thelr Natlvitv Play and the church was almost full th parents and ¢hSldren In attendance. The church space was agaln used as a polling statlon for local elections and a5 8 venue for choir hearsalS and a Jazz COnrt In the Edinbur8h Ja21 Festival. d. New People and N•w 14lembers After losln8 our Transition Minister and our MDS sUPPOrt worker, arrangements for pulplt supply have meènt we have nevertheless been able to open the church for re8tslar Sunday worshlp and welcome members, frlends. lexal people and pa55ers-by to Meadowbank. Latterly we have Joined our friends fvom Wlllowtsrae at twlce monthly joint serv15 In both churches altematety. We plan to extend the relatlonshlp with Abbeyhlll Prlmary Sthool later in 2023 In collaboration with Flschy Mu51G e. Cook aub This initiative has been maintalned due to a support team of volunteers from Meadowbank ènd Willowbrae. Cook Club had a1ut 12 people comin8 each Thursday to help make a meal together, eat together and share joy5 and sorrows. The mlx of members h35 been qulte ama2ing Whe some are offering skills and others are very much in need of5UPPQrt, f. Bulldln85 We continue to keep the church and hall coffylex In 8ood order arnl the varlous Services compliant. Significant roof repairs and maintenance have been undertaken In 2022 and further maintenance to the boller and repalrto dI'tal projectlon system was underlèken. The garden at the front of the churth has been restocked with scented plants and 2 garden benches have been repainted and fi'xed in place. The church Manse has been sold arKt new owners will move in on January6 2023. The Law department at 121 were extremely helpful In assistin8 Wlth the sale. FUTURE PLANS 2023 wlll be a pivotal year followin8 on from Transltlon Mlnlstry that, over the past 4 years, ha5 been very much about experlmentHtlon and findlng the best ways to relate to the bcal community. A reduction in paid staff now means that much more is demanded of Sesslon and the con8re8atlon. On-8olng joint Sel¢eS. shailn8 of church news and Invilaiion to events a deslgned to make the proposed union wlth Willowbrae as smooth as possible. Deci51on5 5tlll have to be made con¢ernin8 buildings but we hope for a new entity and a new wider Team Mlnistry In 2023.
Our 51tuation can be seen to fit with the wlder context in The Church of Scotland ere there is an Imperatlve to make bold chan8es followin8 an a8reed 'radical plan.. The piln looks to 8rowth, enga'n8 with younger people under the age of 40 in Scotland, while 4¢hlevin8 a Sustainable future working wlth a reduced overall budget and fewer ordalned. ministers, fewer but well maintained bulldln85 and more active leadership from elders and rlembers. FUTURE DEVELOPMENTS In partnershlp wlth our Wlllowbrae Church we hope to move forward In th areas.. We hope to be able to revisit the Mjea of Dlnner chUb or Blble based study more Informal and partlcipatlve opportunity for worship that might be rnore a urse as a the younger people In our communlty. Thi5 could Ilnk with Alpha Courses tha rartlve to offered. ml8ht be We hope to continue to rebuild the Cook Club Project after the effert5 of Q)VID and broaden the programme which serves a now establlshed group of people, maby havlng needs for support and opportunlties in life. If opportuntties allow we hope to look at dlfferent ways of havlng 'open church. excellent facilltles of the sanctuary and hall with the open space In front of the creative way5. We look to bulld on growing friendship and partnership with other denominat. part of Edlnbur8h where we tan appreclate dlfferent ministries as complimenta We hope to continue working with nei8hbgurln8 con8re8ations to find the be movin8 into a new more sustalnable entity In 2023 whlch can sUPPOrt bot patterns of churth Ilfe and contlnue the experimental. pioneerln8 approach. FINANCE REVIEW following uslng the uildin8 in n5 In th15 way of existin8 The k¢ountS Show a deflclt for the year of £9,905 compared wlth a deficit of £7.696 The total Income and expendlture flgures in 2021 were dlstorted from normal by t fabric PToject shown In the restricted fund but income and Costs for that projert w or less equal so the comparison on net dèf4dt for the year Is stlll approprlate. Key pol Is were a fall in ofFerin85 and donatlons of £5.274 128%),. a redurtion in income from the manse, leadin8 UP to the sale in early 2023. a fall In hall lets {£3,070) and receipt of allowance of £10.383. vacanry The full contAbution to Ministry & M155ion was a8aln made. ast year. capltal re more Income Offerin85 decreased from £14.438 to £10.664 althou8h gift ald Increased from £ 421 to £2,875 due malnly to a gift aid Small donatlon5 dalm. Donatlons fell from £1.863 to È9. Hall Ittting income was constralned by resources 50 It fell from £5.38Q to £2,310 Manse rental income fell from £11.574 to £7.484 as a consequence of the bullding becomini vacant in June. The amount recelvable from the Church of Scotland General Trustees ICons¢lldated Fabrlc Fund- Revenue) reduced from £17.649 to £15,617 on account of lower fabric Osts on whSch the Income Is based.
Expondlture Manse rental costs rose from £2,089 to £2.208. Management fees ended in June but there were pre-sale fabrlc cost5 offsettin8 thls. l Flnandal Posltlon Net Assets fell fr¢xn £218.208 to É208.303 which flects the defldt for the year. The Church reserves are rn0 than sufflcient to absorb such defKits for the loreseeable future. The balance In the Church ol Scotland Con501idated Fabrk Fund Ipage 211 provlde5 a source of revenue to reduce the Impact of fabric spending on our fi8ures and It therefore ensures that minimal u* of local funds for fabric is requlred whlle 5tlll allowing the con8r¢8ation to keep the church bulldln8 In good order. In January 2023. th1$ was boosted by the manse net Sale proceeds of £556.862. I INVESTMENT POLICY It Is current pollcy to place any surplu5 funds with the Church of Scotlond Investors Trust Deposlt Account with small amounts in the Growth and Income Fund5 being retained. RISK MANAGEMENT The Trustee5 reco8ni5e the responslbllity to assess and manage potenttal rlsks to the rharity, This Involves identlfyin8 the major types of risks which the tharity faces and assessln8 the ! impact and likellhood of occurrence and identlfySn8 the Ilkellhood of occurrence and identlfylng means of mltlgating them. The malor risks have been identified a5 to the risk to the buildln8 and contents, risk to the members and to users involved wlth the ¢hurch and its Ktivities. In the identificatlon of major rlsks. appropriate insurance ci)ver ha$ been tsken out to cover the rlsk relatlng to buildings and tontents. This has been reviewed In l¢nÈ wf(h Church of kotland Insurance requlrements. Where required. Indlvidual insurance pollcles have been taken up on the purchase of equipment. Charitable activities have also been revlewed In Ilne wlth requlred Insuran to cover liabillty. All volunteers receive appropriate trainin8 where needed and, where necessary and, where required. the necessary completlon of disdosure forms for the role5 undertaken. In respect of the risks related to the Coved 19 Pandemic. the Church adhered to regulatlons and guidance as determined by the Scoltish Government and the Church of Scotland. Measure5 Included the prepar4tion of risk assessments appllcable to the church bulldlng and actlvltie5 held on the Premlses. strengthened cleanlng procedures and the avallablllty and use of 5anltlser and personal protettive equipment as approprlate.
RESERVES POUCY Reserves are at è 5atisfactOTy level . £208,30312021-£218,2081. Although the poli yistotry and balance expendlture wlth Income on an annual basis, this may not always be possible and It IS therefore also the pollcy to ensure that reserves are sufficient to service expendlture of at least slx months. I sTrucruRE, GOVERNANCE AND MANAGEMENT The con8re8ation Is a registered tharity. number scC52,1s admlnlstered wlthln khe terms l of the Oeed of ConstItlorn (Unltary Forrnl and15 subjert to the Acts and Re8ulati General A$5embly of the Church of kotland. ns of the The Church Is adrnlnlstered by • Klrk Sesslon ènd the Members of tho Kirk Se5$10 charlty trustees. The Kirk 5esslon mernbeis are the elder5 of the church and they a from those members of the church who are consldered to have the approprlate skllls. The Mlnlster, who Is a member of the Klrk Se551on, Is appolnted by the Nat5on and Introduced by th¢ Presbytery. are the chosen ifts and I Chur¢h The Klrk Sesslon, whlch meeis around len tlmes per annum, is responslble for the splrltual and temporal affalrs ol the Chvrch. There Is a tralnln8 process for exlstln8 and newltrustees in respect of thelr re5pon51bllltls. Or8•nlsk4n•l strurtur• The Klrk Se$51on Is chilred by the Mlnlsterllnterlm Moderator and responslbilfrles are del•8at8d to Indfvldual elders as agreed Irom timÈ to tlme. REFERENCE AND ADMINISTRATIVE INFoRTI(l Ch•rlty N4m¢.' Mebdowbank Church of Scotland Edlnbur8h Chirlty Reilstratlon Number., SCOOC052 Churth of Scotland ConEre8atlon Number.. 010120 Contatt Address •Trd PIK• ol Worshlp: 83 London Road. Edlnbur8h. EM7 5 Unlon.. The charity was previously known as Holyrwd Abbey Church of Scotland bLtt Its name to Meadowbank Church of Scotland Edinbur8h on l February 2017. beln8 t of rhe unlon wlth the fomier London Road Church of ScDtland. anged e date Trustees The following tru! tÉ&e Tr•nsltlon Mlnlstpi Int•rlm Mod•r•tor ', ? month5 to 31 December 2022: (to 27.01.22} )ointed 07.12.21 arrow .1 Flona
Prlnclple 01¢? BLargi s S•s$loTb Clr- Treasurer ,' Bank•rs Bank of Scotland George Street Branch 75 Geor8e Street Edlnbur8h EH2 3EW Independent Examln•r 40llis ALCtiuntln8 Umlted 3 Melville Crescent Edlnbur8h EH3 7HW Membershlp •nd Roll During 2022, 1 member was admltted by Professbn. O by certfflc•te and O by Re5toratlon. O mernber dsed and 2 certlfl¢ates of transference were1s5ued, 8lvln8 22 rnembers on the Roll t 31 D¢c•mber 2022. TRUSTEE RESPONSIBiullES IN RELATION TO FINANCIAL sfATEMENTS The charlty trustees are respon51ble for preparln8 a Irustees. annual report and financlal ststements In 8¢cordance with appll¢able law and Unlted Kingdom Accountlni St•ndards Iunlted Kin8dom Generally Accepted Accountln8 Prattice}. The law appllcable to Char5t5 in Scotland requlres the charlty trustees io prepare financlal statements lor each year which show a true and falr vl8w of the Stare of affalrs of the charlty nd of the Sncomlng resources and appllcation of rex)urces of the charlty for that perkna. In prep•rln8 the finandjl st•temenls. the trustees are requlred to: Stlect sultable accountln8 policies and rhe apply them conslstently; Observe the methods and prlnclples In the appllcable Charitles SORP,. Make lud8ements and esllmatos that are reasonable and prudent,. St6te whether applltable accountlng standards and siatement5 of recommended practlce have been followed, subJe¢t to any dep•rtures disclosed and explalned In the flnonciol statements. Prepare the financial statemènts on the 80in8 concern basi5 unless It Is inapproprlate to presume that the charlty will contlnue In operallonal exlstence. The trustees Jre re3pon5ible for keepln8 proper accountlng record5 whlch dtsd05e with reasonable accuracy at any tlme the flnanclal posltlon of th¢ charity and to enable them to ensure that the flnanclal statements comply wlth the Charltles and Trustee Investment (Scotlandl Art 2005 and the Charltle5 Accounts (Scotlandl Regulatlons 2LI)6 las amended). They are also re5ponslble for safe8uardlng the assets of the charfty and hence for takln8 reasonable steps for the preventlon and detectlon of fraud and other irre8ularltie5. The trustee5 are responsible for th* m31ntenance and Inte8rlty of the charlty and flnan¢lal information on the con8re8atlon'5 webslte. Legi51atlon In ihe Unlted Kingdom eovernlng the preparation and disseminatlon of financlal statements may differ from le8latIon in other Jurfsdlctlons.
Appfoved by the Trustees and sl8ned on their behaff on q L •*J
MEADOWBANK CHURCH OF SCOTL4ND EDINBURGM INDEPENDENT EWdiNER'5 REPORT TO ThE TRUSTEES OF MEAI)OW8ANK CHURCH C SCOTL4ND ÉDINBURGH I report on the accounts of the charlty for the year ended 31 December 2022 are set out o pa8e$ 10 to 20, R•wrtlv• R•¥x•n51bllltS•s Df trust••i and •x•mln•r The charlvs trust••saT• rspon51ble forthe piepar4tk>n of th• ttcountsin accordan wh the terms of the Charliies and Trustee Investment (Scotlandl Act 2CN)5 and the Charltle5 Accounts (Scotlandl Regulations 2006 la5 èmended). The ¢h•rlty trustees consider tt tho alIt requlrement of Ro8vlatlon lQlll{al to {¢) ol the Accounts Rryulatlons do not app. It Is my responslblltty to ex•mlne the attounts as requlred und•r sectbn 44 11) {cl of the Act and to state whether portlcylar matters have come ro my attontlon. B•th of Ind•p•rthnt examln•fts S•M•t txamlnatlon15 carrled out In 4ccordance wlth Regulatlon 11 of the Charities Accounts (koarlI Re8ulatlons 2615 amended). An e¥•mlnatlon IncluLle5 a review of the accountsr records kept by the charlty and a ¢ompHdson of ihe dccounts pre5entgd wlrh these rerIs. It also Includes eonsid•ratlon of èny unusual Ilems or dlsdosures In the èccoun15 and seeks explanatlofis from tho trustees c¢rtemln8 any such matters. The procedures undertaken do not provlde all t evldonc• that would be reoulred In an audlt and, cons•quently I do not express an audlt op+nlon on th• vl•w Iven by the arrounts. Independent EN•rnlnerfs Jt•t*m•nt In the course of my examlnatlon. matter h15 Come to my 4tt•ntlon whlch glves mt re4son•ble clust to btlleve th•¢ In any materlal r•spe¢t, the r•qulremenls'. tu ketp acc¢untln8 re¢ofds In accordènce wlth Sèctlon 44111 lal of th• 2Q)5 Act •nd Regulatlon 4 of the 26 Accounts Re8ulitlons las amendedl, and to prèpare atcounts whlch •CfDrd wlth the accountln8 records and ¢(rnply wlth Regulatlot) 8 of the 2 Re8ulations las amendeill ha not been met, or to which, In my oplnion, ottentSon should be drawn in order to enable a proper e bccounts to be reathed. [5. ,ly l iii. Institute of Chlrtered Accountant$ of Scotland Hollls k¢ountln8 Llmlted 3. meIlle Crnscent f dlnburlh. EH3 7HW Date: ,I,IL3
MEADOWBANK CHURCH OF SCOTLAND EDIPIBURGH YEAR ENDED 31 OECEMBER 2022 .' ACCOUNnNG POUCIES 8•$1s of Preparatlon The flnanclal statenntS have been prepared under the historical cost conventk>n recogTrtsed at cost or transartion value unless otheM15e stated In the relevant note th Items account& The financlal ststements have been wepared in accordance with the St lo these lement ot Rewmmended Practke.. Attountin¥ and Reportlng by Ch•dtlÈs PfpaTin8 their aounts In accordance wrth the Flnanclal Reportlw Standard applicable in the UK and Repu pf Ireland {FR51021 Issued on 16 July 2014 and the Flnan¢ial Reportln8 Standaid app15cable In t Klrydom and Republic of Ireland IFRS1021. the Charitles and Trustee Investment IScotl•nd e Unke and the Charltle5 Accounts ISc¢tlandl Regulatlons 2(h)6 las amendedl. Att 211 The tharlty constltUfe5 a publlc beneflt entity as thflned by FR5102. Golng Con¢¢m The Trustees conslder that there art no materlal uncertalntles about the thaiWs ablllty as a 8oln8 concein. Cash Flow Statement The ¢harlty has taken advantage of the smal1 charlty exemption It to produce statement whlch would otherwise be required under FRSIO2. Fund Attountlng Funds are da5&tied 85 either restricted funds or unrestrtcted fvnd5, dehned as follows Restrtcted funds aio funds subject to specifK rèquirements as to theli use which may be detlared bv the donor or wlth thèlr a¢Jthority or created through legal procosses, but stlll witNn the w of the ¢hurth. gble¢ts Endowment Funds are fLbnds which ha¥0 bèen 8iv¢n on the Condltion th•t the orl8inal capl not reduced but the Income therefrom is us¢d for the purwse deflned In accord•rKe wlth th of tk church. UnrertrfttedFunds are fund5 whlch Jre expendab at the dlscretion of the trustees In furth the obiects of the churth. If part5 of the Ltrnrestrttted fvnd5 are earmarked at the discreti rance of nofthe trustets for a partlcular purpose, they are deslgrbated as a separ4te lund. Thls destgnatloth has an admlni5tratlve purpose On and does not le8ally restrkt the trustees. dlsrrerlon to opply thtrfvnd. Income Income Is reco8ni$ed when the church hos entitlement to the fun(gs, any performance c attathed to ihe Itemlsl of Income have been meL It ts probable that the income wlll be iece the amount can be meastsreit rellably. l)onated Ser¥lc•s and Facllitle5 Donated professional servlces and facilltles are reco8nlsed as income when the church has over Item, any eonditlons associated with the donateil items have been met. the T etonomlc beneflt from the use by the church of the item 15 probable and that economlc be be measured reliably. In accordance wlth the Charltles SORP IFRS1021, the general voluntee tongregatlon members Is not retO8nisÈd. ontlnue h flow lsumls oblects ditlons dand contrtjl elpt of fftcan tlme of io
On recelpt, donated professlonal services ?nd donated facHltles are recwnlsed on the basts of the value ofthe glft to t church whlrh Is ihe amount the thurch would have beenwilling to pavtoobtalft strvlces or fadlities of equlvalent economic benefit on the open markeL' a correspondln8 amount is then reco8nised as expeNliture In the ptrkd of roo4Pt. Inttfest R•celvable Interest on funds held on deposlt Is Induded when recetr4ablè and the arnourt can be measured rellably by the ¢hur¢h.. thls Is normally uwn notiflcatbn of Interest pald or payable by the bank. ExwndttuT LlJbSlltlès are recognlsed as expenditure as so( as ther¢ is a legal or ¢onstru¢tlve obliwdtlon commtttln8 the church to the expendlture. , Flxed Ass•ts The church ha5 the rlght to occupy and use for its charitable ¢ble¢ts rtaIn tsn8ible flxed asset5, Including the Church and H311s at 83 atsd 85 London Road. Edlnbur8h and luntil 113 5alel the manse 26 Inchvlev4 7erra¢e. Edinburgh, all vested In the Church of Sctstland Gener31 Trustees. Expenditure Incurred on the iep3lr. malntenance and Insurance of these assets is ch8T8ed as expenditure In the Siatement of Flnanclal Acthitles Sn the perb)d In which the Ik•bllity adses bLbt thls may be offset by a transfor of ovoilable revenue Income from the fund5 held on behalf olthe churth In the Con5011dat Fabric f¢Jnd. Except for heritab property and Investments, all tan8lble fiKed assets are capltalised where they are con51dered to have i value In the charlty btyond one year. Depreclaiion Is provided on ? straight Ilne j basi5, as noted below, to write off the ¢ost oi Inltlal value, less residual value. of the assets over thelr Useful Ilves as follows.. Plant and equlpment 20% of oriwnal cost on a str•l8ht line basts lrtwestmeTrts Fixèd asset Investments are stated at market value at the d•te Of the A¢tounts. Unre3lised ¥alns 4nd 10ss5 represent the difference between the rnarket value at the be8lnnin( and end of the financlal yearor, rf purch05ed in theyear, the differenLe between cost and maetv14Ue at the end ofthe year. Reallsed galns and 105ses represent the dlffereno beeen thè proceeds of dlsposal and the market value at the start of the year or cost if purchased In the year. Grants Grartts relatlng to revenue are wognlsed 45 Intome on a syslematic basls over the perkJd5 In whlch the Church recognlse5 the related costs for whkh the 8rant Is awarded. Grants relating to a55ets are reco8nised as income when recelvtd and then expended over uselul life of the Telateil asset by an annual aThK*unt equlvèlent of the depreciation of that asset. Tw¥allon MeadOwnk Church of Scotland Edlnbur4h 15 reco8n15ed as a charlty IOT the wrposes of applicable taxatlon legislatlon and Is not therefore subject t¢ taxaiion on Its Charitable actiwtles. The church Is not règlstered for VAT •nd expendltUTt therefore includes irrttoverable Input VAT. li
LIS) Oth ?75 i• 4n ix 5l7$6 o li li gY•I 17.1 o p.jyi ij 1551 To4lfvrtcwY4élow li 512 Jo 219
MEADOW8ANK CINJRCH OF sconA14D BALANCE SHEEr AT 31 DECEMBER 1022 Idote 2021 Pl•nt & equipmont Investments io 614 s59 9,019 Cyrrnnt Au•ts Debtors Bank and Cash 12 43.693 104,639 L65,470 112 209.163 217,528 Currmt U•blllll•s F8llln8 due wlthln year Creditors Otferred I•me- Irants 13 14 sa75 144 6.195 2.144 8,339 20 744 209.189 frletAM*ls 21WOJ 218,208 ryh• th• ch•rfty. Endowrnent Funds Restflcted Income fund5 ,Vnrestrlcted Income funds Otsl charlty funds 16 16 16 511 4J41 203.450 512 4.934 212.762 218,2L he kcoyntlw Pollcies on pa 10 arKI 11 toi•ther th th¢ Note5 on pa8e5 14 to 20 f¢rm part of these Ac(ounts. the A¢¢ounts w•re approved by the Trvrtee¥ on l• kl nd glKnprf on th£'i". hvbfiTI b o. 13
IL Grts H•1 $17 195 279 38 M7 14
TrAs 2021 IqJo3 5•) 25YO 919 i¥J winc 411• 44? F•¢S Ali 15 J•$ C•Jk(lub(OXS 515
MEADOWBANK CHURCH OF SCOTLAND NOTES FORMING PART OF RNANCIALSTATEP•WITS YEAR TO 310ECEM8ER 2022 2021 Salaries and related costs NatioNI Insur•rKe Penslon cost5 410 410 The tot•1 number of employees. on the b•sls crf a he•dcounL durfn8 the year was as follows.. 2022 2021 Mlnlsterfal support Prernlses malntenance No empbyee had ernplw beneflts In •xces$ of £60,tX 12021-Nonel. All Church of kOand COWdreptlons con¢r6but to the N•tlonal Stlpend Fund which aT5 the Costs of all mh15ters' stoperth •nd emPr,3 conirlbutlons lor rn•tlon•l irisur•rKe, penOn and Houslni ènd Lfi Fund. POlnlsters' stlpef•Js are ld In accordanc• wlth thè n•tlonal stipend scale. which IJ ielated to ye•rs of seryke. For the year under Tevlew, the mlnlmvrn stlptnd w•s n8,7(Kl ind the rnaxlmum stlpend In the ffth •nd subsequent years of 5er¥lce Is £35.269. 9 Trurt•• R¢mun•r•llon •nd Rol•t•d P•rtyTr•nu¢tk)n• Ti•vel expen¥es 01 £1801202143.0881 were re-imtxKsed to lh• durlng the year. Other expenses of £0 12021- £5281 were re4mbursedto the Mlnlster durlrrf the vear. No manse cotm¢ll tax, dife¢dy related to the Mlnister, was paid durln8 the ye•r12021-£01. No other trustee or a person related to a trustee h•d any personal Interest In •fty contracr or tr?actIon entered Into by the tharity durirq the yew12021-£01. Durin# the ytar, a total of £4.87512021.£7,9501 dcfflatod io congreytlon the trustee5. In wevlous yeafs. the congre8lon took the voew that It was un•ble to comply wlththe requirement to State the a8greyte donatlons receN•d from tru$tees on the 8round5 that11 would Ixeach nIld•tIalIty in fèl4tlon to IndivSdual livi 16
MÈADOWBANK CHURCH OF SCOTLAND TES FORMING PART OF FINANCIAL STATEMENTS R TO 31 DECEMBER 2022 10 Plant and Equlpment 2022 2021 C05t At I january Additions Dlsposals At 31 December 10,668 9,622 1.838 17921 10.668 10,668 A88reBate Depreciatlon At I january On Dlsposals Charie for year At 310ecefflber 4,601 2,989 14741 2.086 4.1 1.122 6.723 Wrltten Down Value At 31 December 3.945 6,067 11 Inv•stments 2022 2021 Market Value at l January Addltlons Unreallsed Gain IILossl Market Value at 31 December 2.95Z 2.694 3381 1.614 258 2.952 nvestment5 at cost 2387 2,387 The investments comprise the followin8: Church of scotland lTrveslors Trust 43 Income Fund units @ £10.56 400 Growth Fund units @ £5.40 454 2.160 2.614 536 2,416 2.952 17
MEADOWBANK CHURCH OF SCOTLANO NOTES FORMING PART OF FINANCIAL STATEMENTS YEAR TO 31 DECEMBER 2022 12 O•tsttys 2021 Duo from General Twstees- Revenue Duè fr¢)m General Trustees. Capltal Glft Ald Fattor's D•posFt ppI¥MéntI 36,5 40.611 52.161 4.865 6,938 104,639 13 Credltory 43,69 2021 Tride Credltors Accruals Spe<lal Colle¢tkJns 1,372 4,508 315 6,19S 3,73S 361 5,2Y5 14 D•l•rr•d In¢om• Unr•rtrl<tsd Restrfdqd 1.022 2,021 Wlthin • y¢ar 1.144 2.144 2,144 D•ferred Income relates to part of 8 restrlcted gr8nt1£4.9301 recelved for storylellin An bmount of E2,144 was not yet ullllsEd at 31.12.2212021-£2.1441. 15 ATh•111 of Nqt AM•ts Amts Fundi Endowment RéstfS¢ted Unr•rtrlded Totsi PlèTrr & Équlpment Investments CLrrrent Assets Curreftt Llabllliies Net Assets at 31.12.22 595 3,350 3,945 2,614 2,614 202,761 209,163 15.2751 17,4191 203,450 , 208,303 512 5.890 12,1441 4,341 512 Endowment R5trlcted Unrestrkted Tot•1 Plant & Eqt4pment Invstment5 Currertt A55ets Current Llabilities Net Assets at 31.12.21 1.188 4.879 2,952 211.126 6.195 212,762 6,067 2,952 217,S28 18.3391 218,208 512 5.890 12.1441 4.934 512 18
MEAOOWBANK CHURCH OF scofLANO NOTES FOR•IIING PART OF FINANCIAL5TATEMENTS YEAR TO 310ECEMOER 2022 16 Mov•m•nt of Funds At 01.01.22 In%stm•nt In¢ome E¥pendlture Ga1(Lo$S) At Translers 91.12.22 Endowfn•Trt Funth MSSS Moffat ernorlal Fund 512 512 K•4trlrt4d Fun(ts F¥brlc Fund Church Workers Fund Cfibrlllator Fund Calton Youth Ministry Trust Fund 3,879 13.879 1.436 a6 3.010 4,934 1593 14,4721 17 4,341 3,B79 Unrnsirfctsd Funds Genr•l Fund 212,762 39,498 148,4721 13381 203.450 yo1 Funds 218.208 43,377 51944 338 2,301 At 01.01.21 Investment L0$5 At Tr•Mler 31.12.21 In¢om EMpendltur& Endtswm•nt Fund Mlsi Moffit M•morl•l Fund 512 S12 8•strlrt•d Fundi F•brS1 Fund Churth Workeis Fund D¢flb¢lllator Fvnd Calton Youth Mln15try Trust Fund 52.161 152.J611 1.436 1,436 3.605 5,529 595 152,7561 3,010 4,934 52,161 Vnr•rtwlrt•d Fffids General Fund 219.863 S450 162.2091 258 0 212,762 225.904 107,011 1114,9651 258 218.208 19
MEADOWBANK CHURCH OF SCQTiANO NOTES FORMING PART OF APJAPKIAL sfATEAW4TS YEAR TO 31 DECEM8ER 2022 16 Mmments In ld) Forthe purpose of blbles lor those le4r¥I 84ble aask Fabrk Ftsnd Forfabiic expenditure and IrKome beyornd anNal repal and malntenance. Chuvch W•rk•rs Fw For supwt of thè weTS dlrctly employtd by the D•fibrUl•tor For the purchase arrfl rejated usè of a deftbrlllator. C•ltoTr Youth Mlhl• Trust Fund To refiert the receipt ol a yant for the purthase ofcamera equiwient. The tund wlll reduce on an annual b•sls by the imovrt of the depreciatlon ol the equlpmeftt over Its useful life. General Fund To be used for all w1¥wOrk of Mea(knibank Clwrth. 17 Volunteer5 In common with all coregatnS of the Churth of Scotland, the coregatIOft benefits from the eontrtbution made by volunteErs who 8Sve thelr tlme aThJ talents w(Illngl¥ for the benefit of the Churth The areas of con8re8atlonal Ilfe whith rely on the contrllxrtlon of volunteers are many and vard arxl much of tht tivity would be unable to continue were it not fw the commitment sh)wn. 20
MEADOW&ANK CHURCH OF SCOTIAt APPENDIX TO KCOUNTS YEAR TO 31 DECEMBER 2022 {Not lolrI part of the FU14DS HELD t)N BEHAiF OF ThE CONGREGAn&y BY THE CHURCH OF SC071AND GENERAL TrUSTEES 1022 2021 REVE14UE ACC(XJNT 8alano at l January A•venup Inttrest Property ¢ts.4Y Property costs- bulkliry Insular Property ¢osts- cleanlng Property C05ts- fabric repalrs Property ¢osts- piano tun% l)epJslt Fund interest Growth Fijnd divldend Revenuè Interest Admlnistratlon costs Revènue Interest Deposit Fund Interest Growth Fund dfvrflend Revenue Fnterest Admlnlstratlon costs Adminlstrailon costs Cr¢drt Balance at 31 December 19A33.76 508.78 0.28 175.211 (3,376.97) ILm.361 116&001 52.19 11,124.47 12,713.68 8.18 0.13 1727.41} 7.51 6J5&84 6J5&84 32.71 1.48) 1421.731 16.536.88 19.633.76 o. 2022 2021 .'CAPITAL ACCOUNT |Balan¢e at l January .Property Costs £alance •t 31 D•(•mber 885,925.78 885,925.78 146,700.28) 839.225.50 885,925.78 epresented by." Growth Fund 835.924.46 835.924.46 3,301.0¢ 50,fM)1.32 t39.225.50 885.925.78 arket Value of Growth Fund I40 959,882.84 empoRry Fund5 roperty Costs- Sale of 26 IrKhvlew Terr•te. Ethnbw 113.03 21
Uphall South Parish Church of Scotland Notes to the accounts (cont) 12 Unrestricted Funds Restricted Endowment Funds Funds Total 2022 TotAI 2021 3 Analvsis of Don¥Jtions FWI) 8chemc (non CJifl Aid) 5.533 (yift Aid donatiiins 23.640 "l'ax rL()L.red on Gift Aid Donalions 5.877 .1 ax recoiLrL.d/non Gill Aid. 612 ()rdinarv ollerings {open plaie) 1.8?6 Other off¢ring& donations eic. 5,533 23,640 5.877 61? .826 6.175 24.3?6 5.429 509 2.448 2.511 38.607 38.607 41.397 4 An4lvsiJ oCPa>'meDts InvL'sliii¢ni ManaLier'% Fees Qfliring I',nvclopes 142 142 140 142 14? 140 Ch#ritable Aclivities MinislriL4 & Mi%%ion AIIoL'81ion l)rL%hvicry' l)uc MiiiistLr s Lxpenses Pulpii %iipplv I'abric Rcpairs and Maintenance C'oiinLil -1 ax leal and l.ight InsuranLe Q"hiirch I)1ce F.xpenses ()r1n1%1QPr2Ie ljand HMRC Olltreach Uther Lxpenses (Nole 7) Sunday Sch] and Praise 14and Fl(Iw'er FundlRetiring Offerings 31.9?3 1.04 960 120 6.470 ?.417 .080 1.742 19 1.882 76 1.30? 1.962 264 31.9?.3 1.0?4 9611 120 6.470 ?.417 2.08n 1.742 30.759 517 960 2.-189 1.067 1.972 54 160 1.882 76 1.307 4.301 264 264 529 529 52.?41 52.770 45.858 Governance Costs Independent Examiner's Fees 300 Other Pavments Purchase ofassets
lJphall South Parish Church of Scotland 13 Notes to the accounts (conti .5 Minister's Stipend All L hurch ol'seoiland congregalions conlribute lo ihc Nlilional Siipend Fund which arS Ihe cost i)f illl mini%lL'r% st1.ndS and emplovers conlributions lor naiional insurance. pension and housing¥ and loan lund. Mini%lers' Sti"nd5 are paid in acLordancc with lh¢ naiional stipend scalc ,hICh is rclatcd to years 01. 8LfviLe. For the year under rei'iew ihc minimum silnd was £?8.700 and ihe maximum tstipc'nd, in the liflh and subsequent years. £35.269. 6 Colleetion¥ for Third Parties. MulJnj¢ Mi%siiin 85 150 loo CAP Wl. l.c)c)dbanks (ic)d'% I,c)v¢ in Action Total 1,623 7 ()¢hcr F.xpen5e%. irL h()rn Scolw'astL I li)usLkcepinb c'c"i.I L'AI) 16 984 $7 378 611 Pulpil supply given lo C"Al) at ihe requcsl ot-lhe supply minister. MLm()rial l)l&lqUC 84 -374 1.962 Totyl 8 ()ther RcceiptS Q'hdritiL% .1 ru%t ()pLnb()wl Ilank Lrror LorreLled Total 144 ?{ Trustees Reimhursed ire hom I lousekeLping Olliring L'nN'elcipcs M¢'m()riJl l)IJqiiL 16 57 142 85 I'.arlv C'hurLh Totxl 15 323 10 As%et OIIILL Lquipment and furnilure- the truslec5 lI¢v¢ thal the age of these assels renders ihem valucl¢ss.