ST. PHILIP'S AND ST. JAMES, EPISCOPAL CHURCH: EDINBURGH Annu•l Report and Account• for thè year ended 30 Soptember 2025 Charlty Number.. SC000910 ST. PHILIP'S AND ST. JAMES. EPISCOPAL CHURCH: EDINBURGH Annual Report •nd Accounts for the year ended 30 Seplemb•r 2025 CONTENTS PAGE ReFort ofthe Vesty Independent Examinerfs Report State￿￿t of Financi81 Actlvllies Balance Sheet Notes to the Ac£ounts 10 ST. PHILIP'S AND ST. JAMES. EPISCOPAL CHURCH: EDINBURGH Annual Report and Accounts for the yèarended 30 September 202S Referenc• and Admlnlstratlvo Infomiatlon Charlty Number SC000910 Charlty Trustees- Members of the Vestry Rev Jane Ma¢Laren Priest in charge and Chair Rosemary King Rector's Warden resigned December 2024 Paul Arthurson Rector's Warden, appointed De￿rnber 2024 Susannah Gravestock Peoples's Warden & Secretary Kenneth Ramage Treasurer Ann Pankhurst Phil Miller Peter Bumian Supporting Cleryy Rev Ruth Green - non-stipendiary from November 2025 Rev Simon Schofield- community & pastoral worker- left September 2025 Rev David Bunyan- non-stipendiary - retired November 2025 Prlnclpal Offlce Sl James, Church 578 Inverferth Row Edinburgh EH3 5PX ST. PHILIP'S AND ST. JAMES. EPISCOPAL CHURCH: EDINBURGH Annual Report and Accounts for tho yèar •nd8d 30 Septèmber 2025 The Members of the Vestry present thelr annual report together with the 8¢counts for the year ended 30 September 2025. Ob ects and A¢llvltle8 The Church's principal aclivilie8 include public worshlp In sacramenl and prayer. Christian education, charilable work and fund ralsing for Ioc81, notional and international needs, social meellngs and community groups. Structure Governan¢e and Mana emen Appolntmont of Veltry Membor• Vestry members are appointed by Annual General Meeting established by conslilulion and under Canon Law of the Scottish Episcopal Church. There is no formal induction programme. but ongoing guidance is given lo ensure that Vestry members are familiar with the Church's values, aims and responsibilities as designated Iruslees ol a charity. Admlnl•tr•tlve Structuro 11 is the duty of the Vestry to manage tho temporal affairs of the congregation with responsibility lo keep the fabric and propety of the church and other buildings in good working order and lo look after the finances ol the church The Vestry meets six-weekly during the year. chlev•mont• an erformance This has been a year ol further growth and progress al Sl James. The Sunday congregation hag increased such that we need more chairs. We regularly fill the sitting Room on Wednesday mornings. Financial giving has increased loo {refer to the financial report on page 41 We have been able lo offer new inilialives such as the Peaced Together course for refugees, the Lent course evening home group and our church awayday with 23 of us at Burgh Halls, ably led by Revd. LIZ Cwmlish. We are making progress with the building renovations. The nexi slep is to re-open the south aisle for community use. Perhaps even more importantly, we have also grown spirilually. This is difficult lo measufe bul the happy atmosphere of welcome and service that defines our church activities and the incredible level of volunteering amongst the congregation suggests that whilst God is indeed continuing lo build his church, we are on board for the journey. We've had some big events this year. most notably Simon's ordination lo the Priesthood and Anne Pankhurst receiving the St Cuthbert's Award during Bishop John's last visit lo us. Alongside, lots of important things happen very quietly.. friendship, mutual support, lifts and visits, kindnesses often unseen. We are a diverse community and when we say 'AII are welcome,, we actually mean ill The Church Life Report which is available from the offi¢$ provides reports from some of the many volunteers who are involved in different areas of church life. In many cases they represent larger groups of people who work together lo make things happen. One of the precious things al Sl James is the way in which pretty much everyone has a role in some aspect of church life. This includes those who have been around for many years and those who have joined St James just a few weeks ago. Together we are buildin9 a church that seeks lo be sall and light in our local community and that reflects the skills and characteristics of ils members. For example, when people say we're a welcoming church, that's because you are wel¢omingl 11 you are reading this and would like lo gel more involved in any aiea of chtsrch life or are thinking about new things that you would like lo do in a church context, please talk lo Jane. Vestry continues lo meet regularty in order lo maintain support and accountability for the Rector and the many Lay leaders and volunteers whose work sustains the life ol the church. In temis of govemance, we cover all financial and property matters, partlcularly the supervision of the excellent core building project team, together with the vital ministerial areas of worship and church life and our diocesan links. ST. PHILIP'S AND ST. JAMES, EPISCOPAL CHURCH: EDINBURGH Annual Report and A¢¢ounts for the year ended 30 September 2025 Flnanclal revlew The three funds comprising the accounts of the Church produced a deficit of £17.261 for the year after a nel gain of £34,391 on investment assets. Thls compares with a surplus of £47.464 for last year, The General Fund which records the day-lo-day activities of the Church reported a surplus of £11.363. Income increased from £124,74110 £165,143. Congregational income. donations and gift aid increased from £38,192 to £65,039. Pledged giving increased by125.9'/0 10 £53,121 although this Is skewed as we received a significant donation at the start of Ihe year which related lo the previous year. We now have 32 members who are making a regular financial Commitment. Following an appe81 lo Ihe congregation in August we received 8 new standing orders and 7 increases in existing standing orders. On an annualised basis this will result in an increase in giving of £17,775 and replaces the investment income Inoled below) which will diminish as the resloralion project progresses. Gift aid was higher in 2024 as it included three half yeaily claims. We received a donation of £16,989 from our dear friends at St. Ninian's lo support the salary of Simon Schofield who was employed as a community worker for the year lo October 2025. In addition, we received a gTanl of £740 from the Diocese lo support our very successful 'peaced together programme, which was run in collabor81ion with Edinburgh City Mission. We received investment income of £12,128 from our holding in Ihe SEC unil trust pool. This investment arose from the proceeds of the sale of the flat at S¢olland Street and will be used lo fund the forthcoming restoration works. Rental Income includes rent from Edzell Nursery our key tenant at St. James, Bridge Family Church who occvpy the whole building at Sl. Philip's and the former Rectory al Wafdie Road. Leases are in place wllh Ihese tenants and are subject lo yearly increases. Expenditure for the year increased from £132,374 10 £153,760 and the significant movements were S818ry costs of £93,236 include ¢osl of living increases and Simon's salary. Property costs fell from £52,652 10 £40,751. Last year we incurred £11,550 on replacement windows in the hall and £5,160 on the quinquennial report. In 2025 we incurred less on healing and lighting however we spent more al Si. Philip's on replacement windows and improving drainage. Our obligats'on al St. Philip's is lo ensure the external fabric is properly maintained. Bridge Family Church are a wonderful lenanl, and they have transformed the internal Spa￿ of the building. Quots of £11,026 refle¢ls our contribution lo Provincial and Diocesan expenses and is based on our average income from 2022 to 2024. The Diocese increased quota for 2025 by 8Y• lo recover the 10° reduction given to charges in 2021 in response lo the pandemic. Donations of £4,160 to Charities comprised £1,000 each to Water Aid, EMMS Inlernatsonal and £2,160 to Edinburgh City Mission. The Resloralion Fund records income and expenditure in connection with the refurbishment of the Church. During 2024125 we completed phase 1 works which included repairs lo various elevations of the church roof and complete fe-slaling of the hall roof. The conlraclor's costs amounted lo £134,207 which were in line with their quote. In addition. we incurred architects and professional fees of £23,168 in connection with these works and preparatory works for phase 2 and finally £7,600 on the restoration ol the murals below the Te Deum scripl. Income to fund the restoration works comprised a further £9,300 of donations includlng gift aid ftom members, a 9rant of £63.679 from the Province which is one of the largest given lo an individual charge. £27,140 recovery of VAT on ¢onlra¢to¢$ invoices and architect's fees and lastly £2,496 from the sale of guidebooks and study ¢Jay conlribulions. Finally, we released the balance of £5,757 on the Reclorfs Fund which was allocated to support Simon's salary. ST. PHILIP'S AND ST. JAMES, EPISCOPAL CHURCH: EDINBURGH Annual Report and Aceounts for the ygar ended 30 September 2025 Flnanclal rnvlew ntlnu The Church had total fvnds on 30th September 2025 of £454,350 comprising Investments of £379,745 and bank balance of £74,605. We sold £50,000 of investments lo assist with the funding of resloralion costs however, the reduction from 2024 was only £15,609 8$ the value of the investments at the year-end increased by £34,391. As previously noted. our investmtsnl in the SEC Unil Trust pool will be used to SUPF)Ort the funding of the next phases of re51oralion works which hopefully will be augmented by grants from trusts. fvnding bodies and the continuing generosity of the Province and Diocese. Reserves poll¢y The Vestry has adopted a policy of maintaining our reserves. subject to carrying out essential maintenance, at a level ot three months unrestricted operating expenditure. As at the year end the Church held unrestricted fvnds well in excess of this requirement as the Church's current oulgoings are significantly reduced without Incurring a Reclorfs stipend. Taxatlon The Church is a charity and is recognised as such by HM Revenue and Customs for tsxatson purposes. As result, there is no liability to taxation on any of its in¢onE. Plans for future rlods Plans for fijture period include the redevelopment of the south aisle and resloralion of the chancel, supported by appropriate fundraising. This will enable us to better serve the lo¢al community midweek while the nursery occupies the main hall. Planned aclivilies inolude a toddler group, more work with refugees and a dropin for vulnerable elderly people, building on our links with the sheltered housing opposite 8T. PHILIP'9 AND 8T. JAME8. EP18COPAL CHURCH: EDINBUROH Annuil R•port •nd A¢eount• forth• y•ir •nd•d 30 8•pl•mb•r 2021 stst•mMt ol R•ipoD•lbllltlM ollh• Vglty Vestsy18 rniponslble for preparfng the Annu81 Roport and tha •cawnt8 In a¢rK)rdanee wllh 8ppfTcable I 4fKI Klngdom A¢(¥)untthg St•ndord• (Unll•d Kln9dom ￿neralty Accopted AecountFng Pra¢tf¢e). The VW18 r•qulred lo prnpare 8¢¢ounts for each financtal y98r that gfvè 8 true and lalr vlffw ol tho stsle of aff81rn 01 the s*arfty and of lho tncomlng rèsources and appllc8tlon of resour￿1, Includlro IncoTh 8nd oxpendlttire, forlhe fin8ndal year. In preparlng those acc¢unts the trust898 8re requlred lo.. Solectsuttsblo a¢countkng pollths and then appty them ¢onslstenlty. Obwrve tho method$ and prfn¢lples ofth8 Charfde8 SORP. M•k•JudgemBnts and esllmabs that aro reA￿n￿ble and wud•nL St810 vthther applle4ble ae¢ountlng 8tsndanl$ h8V9 beon foilowod, 8ubJeGt to any materlal departlre d*c*)sod and expFaln•d In th• a¢coJnts, and Prepare the accouni8 on tha golng cLwern b8sL8 unleB81118 Inapproprlak lo presume th8t the charlty wlll o)nlJnuo In operntbn. Th¢ V0￿18 rn8pJnslblo for keeplng yoper acg)untlng rewrf8 whlch di8c1086 With reasonable ae¢uracy at any ttm• tho lIn8n￿l poslunn of th9 ¢h8rty and to gnablo them to ensure Ih8t the accounts ￿mplY wlth the Charftles and Tiustee¥ Investrnents {8¢oUand) Act 2L106 and the Chartbes A¢count8 (Scouand) Regulatlons 2008 (as am6fKl8d) and the proviBlon8 of the Church'8 con8thutlon. They are 8190 respons￿10 for 98fepuwrfirvd the 8ssets of the charfty and hen¢8 lor taklng reasonablo 8tsp$ for the prevanllon 8nd deteCt￿n of Irwo otherhwul8rllFoi. On bfrh•Nofth• VKty SuMnn4h Grav••to¢k Vo81ry S•cr•tary 2*Jun• 2026 ST. PHILIP'S ANO 8T. JAME8, EPISCOPAL CHURCH: EDINBURGH Annu•l R•portAnd Aeeounl• lor th• y•*r •nd•d JO S•pt•mb•r 2028 Ind•p•nd•nt Ex•mln•n R•pori To th• V•stry of 8t Phlllp'• ond St Jim••' Epl•¢op•l Chur¢h.. Edlnbufgh Forlh• y•ir •nd•d 30 S•pt•rnb•r 2026 l on th• •mml8 of Sl Phllip* 8nd St Jaffrt•' Ep*op•l Church: Erfinburgh for tho year and•d 30 S•pi•rr* 2025 vhtheh •rn Irf oul on pa9￿ 810 12, R••p•cttv• rn•pon*lbllltl•• olV••try •nd •x•mln•r Th• v￿ty •r• rp$wn$lble for Ihe weporaikjn of tho 8ccountJ In o(%0rd8￿ wlth lh• term• of Ihe Chadlfes ana Tr￿1•0 Irbvestmènl {ScoUandl kl 2CQ5 and the Chartlkgs Accounts 18coll8n¢Jl RoguLqllona 2008 las •m•ndodl Th• Vesty con3ld8r that tho eudtt requlremenl ol Re9uL4lkJn 10(1)Idl of the 20C6 Accounts R•gUI•l￿nI d¢)es not apply. 11 Is my re8pon6lbllity lo ex8mine the accounts a¥ requir￿ under 8e¢tlon 4411llcl of the and to Stale whether partlcular matters have come to nry attenuon. B*il• ol•ximln•r'• •t•t•m•nt My ex8minBtion 18 ￿me(j out In ar￿1n￿ wllh Regulalkjn 11 01 th• Ch8rMl8• Aecounts (ScoU8ndl Regulatlons 2006 (89 amendedl. An examinatlon Include8 8 revlew ol the accounting records kepl by Ihe Charfty and a comparf#on of Iho acwunt8 presenlod wlth those fecordj. 118lso Includes Mnsiderauon of any unusual items or di$GIo8ures In the a￿OUn13 and setrks explanalSonJ from the Vestry concérning any Such matter3. Tho Ffftadures undertaken ¢Jo not provld8 all the evldenco that would b8 requlred In an audit. and con$oquonUy I do not exw658 on audit oplnlon on the vlgw gfv•n by the 8ccounts. Ind•p•nd•nt •xamln•rf• $tat•m•nt In tho course ol my ¢x8minatlon, no m8tter h•$ come lo my attonllon: whl¢h gfves me r&a8onabkn ¢•u8e lo bellev• that In any m•l•rOal re8Pè¢t the requiremonts.. to keop a¢xounllng re¢ords In aecordanc• wllh Secllon 44{1lla) of th9 2005 Act and Regulation 4 of tho 2¢J06 RegulallonB, and to prap8re aoxunts whkh accord wlth the o¢Muntlng records and compty Regulat￿￿ g ol the 20C6 AC?￿nIS Regulauons have not been mol. or 2. to whlch. in my oplnlon, attention should be drawn In order to enable a proper undorntanding ol the a¢wunts to b• r￿Ched. Matththv Coopor Chartered P¢e4untanl (ICAS) 24 June 2026 JTAIEMENT QF F*1￿CtIL A¢TMnES Fwth•yHrw*dJQthg•Mwvb•r3Q21 iknr•blr*l•d Fwth: To¢•1 2021 1.2 17.72 0.)47 3.4 2.7•J Rw 947 12.IZ 12.128 11279 Exp￿¢*w•¢ 13JJO 93.230 07 2&S.I If.02• 0.124 4.1eo 3.571 676 4,241 Tot•1•xp*m￿ 11.JDJ J,039 4.119 4.40F 34J91 62.174 I*OthWX24 412.726 5,7Jl 3MI 424.147 ST. PHILIP'S AND ST. JAMES, EPISCOPAL CHURCH: EDIMeuRGH BALANCE SHEET Forth¢ yg•r •nd•d Joth S•pt•mb•T 202S Not• 2028 2024 FIXED ASSETS Inv08kn•nts 379,74S 395,354 379 74S CURRENT A83ET3 D8tslorJ C8sh al b8nk 74,605 76,2S7 LIABILITES Cmditors.. amounts ialllryJ du• withln ong yg•r CURRENT ASSETS 74,108 Y8.257 NET ASSETS 471611 FUNDS OF THE CHARITY UNRESTRICTeD FUNDS: General Fund 454.043 462,72fj 454,043 462,726 ResTRICTED FVND8 '. Recto¢$ Fund Chanty Fund RestoratKJn 5,757 307 2,821 8,885 307 307 TOTAL CHARITY FUNDS 4S4,350 471811 yovedbyvèstyon IZ- kn ?>l Kennelh Rarnage Hon Treasurer ST. PHILIP'S AIID ST. JAMES. EPISCOPAL CNVRCH.. EDINBURGH Annual Roport and Account• forth• Y￿r•nd•d 30 S•ptomb•r 202J IlotH 10 th• i¢¢ounts 1. Prln¢lpal •ccounUng poll¢l Th•M •LxfJunl• ￿¥* be•n prnp*r•d on th• R•cthpli & Phym•n￿ In thtr ch￿ & Tru¥t•• Ibllthl ISeoii**}Act 2005 •nd tho IScow•ndl Rtyu4kn• 2Wl•$ •Th￿nd•01 lknq Con¢•rn Men*ern clvetsty •re ol thèepithn tha￿￿￿ty(an coiunueto meèt is th6yf•ll dua fc*th8 Icnwta￿tfutsJr*, ihtr MernbnernolVttty￿V• wep•r•d ￿ler￿* oolty r4Y Ineomlng r••our¢ Ir(cm• li retollnls•d vthen lh• Chvrch h•1 r￿thod •r#J C•￿In th•1 th•mto*tary ¢Mlnr•Jmirg r•¥ourt•b C4nbo m•••ur•¢whth *uff*lenl rnllibllty R•*ourcn•xwnd•d JI exp•n￿l￿* Indua•d ￿ • b•1*.1￿ul1ye ol v•1. ano its rwnw plywl hu m•J•. Th• hur*14 rwnwd forVAT and •cts)rdlWyc￿￿&re of trr•co¥•raty•VAT. unre&tnaea ru￿& are ind Lqhjr o•ner8Wfor¢Nic*Jxt•olth8 1th￿rIF￿1n0d trt￿•d fund• Any lwplu￿1 •r• carr￿1&￿a tw*ntoffuiurn y•wi. •￿$￿￿¢1￿ •r• rn•t¢Mdty• tr•MI T*￿tIOn 2Q25 Tot•1 F¥nd• 2014 Total Unr••1rf￿•d Fund• Fundi I Coll•¢tlon• and OorMtlon* 63,121 1.372 1.200 53,121 1.372 10,SQO 9,J46 2J.S16 75$ 13,420 12,046 •$,oJ• 71,339 52,M7 Gr•nts Cw*t•Gr•m 18,OB9 740 18.989 740 e3,879 27.140 Pro￿4*1 B￿￿9*GrOJp Lknt•a Pwidwtybhlp Prown¢4 Suppmfjwl 03.879 2T,140 Edbthu￿hcf￿M￿lty 17,729 90,819 IN.S48 I,S47 10- $T. PHIUP8 AND ST. JAMES. EPISCOPAL CHURCH: EDINBLIRGH Annual Roport and A¢¢ounls lor th• y￿1 •nd•d 30 Sop￿Mb•r 2026 Not•• to th• •¢covnt• contlnu•d 4. si•ff ¢0• 3020 2024 79.527 452 48,291 Ernpl0￿ NIC 9,ISO J,4S7 Expen•e* 4.941 93,2 Numb•rcl EmK40rnB' ' Inckn1ir4wrt.Im• ind kn•t•J NoemFlom• r•c4¥•Y•m￿UftWrt￿ In •Kc•Mof£eo,cw. p•n•kn Ctynfflltrn￿ Chufch In ￿ Swiiith EF4Kop•l Pan•k)n Fund. • mull￿[loYèr￿n<wr￿1. v•lu•lton ol th••rfr• tund •••1 31 O•c•Mb•r202) iwplu•¢1£4.Iml2020'. w•u•fS.Oml. O. R•mun•rntton 4nd Expwnsm plbd toVMlry M•mb•rn V¥Vy¢MiW¥ Key rnJn•gW•J C4)mwrt• ￿￿r￿S4￿] in• The R•¢try r•¢4wJ• Mthry, p•iskn c¢M￿lI￿o and •xp•Dwi of£s1.•￿1¢rth•Y￿r•fi￿•d Jolh 8•pi•mbw202512024." £46,288). No rgfflurw•lkm or exp•nMs h•v• b••n p•￿t0•￿YOth￿n￿t￿r¢Yv•i￿ry. 6. In*mlm•hts Axt I* OEtab•r202 395.9S4 ol Invas*ment .$0,000 RwNa•d galn Urwealaed galn 32,010 Mwkrf SeMornt•r2025 379,749 351,3J9 Th•kn¥eitsY￿ w• tr¢ SuAu8h Churdi IUTPI ST. PHILIPY AND 8T. JAMES. EPISCOPAL CHURCH.. EOIMBURGH m￿nu•1 R•port •t)d Actl￿nIS IOrth•y••r•n(￿ JO 8•pt•mbw202 Not•• toth• •¢tourt• coTrtlThu•d 7. Mo¥•Thntln Fw TrAnif•r AiIQLt 2024 O•ln On In¥v4tm•nt¥ At30 S•p 25 •¢•lpts fvnds 462.7• 185.113 IS3.7 34.391 4.451 454,043 R••lrfd•d Furrfl• 5.757 307 2.121 102.e16 11$, 10,214 102.616 171.107 Itl.214 307 T*x•IP¥nth 317.7 JlJ,117 J4.J•i O.T07 Pwpw• ol Unr•8trlci•d PuTro•• olR••tr*t•d Pundi PO¥•llyw*htr* CthW•obJ•di. ¢hw¥JW •PF•••fW •. L•••lng knfflkn￿nt• EquI￿Tr•nI 1020 2024 976 £2.320 12- io. St*•m•rtolFhwn¢l•lA¢lMt 2024 •¢L¥npN*fv•f*uv•• Q•n•rdl R•¢w4 ¢h•rfty Fund Pund Totsl 2021 J7.117 1.075 37.117 15.4eo 42,416 14J75 •.$41 ,S47 114 RWA 70.•n 11.275 11,275 10.4 T*xillJ*om• l•1. P•h•k )M7 .057 47, S2,051 12 .047 9,214 T•l•l •xp•ndllu •J2 a72 .7.831 2021 4,•10 52,274 62.V4 17.71 I18.￿7 6,7S7 394,Jl4 307 .13-