Docu8￿n Env•fop• ID.. JDE1341247FJ46O1438E￿C82gI￿3A￿B Chrlty No. SC 003009 CHRisf CHURQL MORNING51DE &knnu•l Repvrt•nd A(¢ounts FOR THEYEAR ENDED 30th 5EPTEM8ER 1024 Ooru•&n Env•Fop• 10.. 30E13412-B7F346D1-A38E418C8202A3AO8 Chrfst thurth Momlnplde Annu•l Report Ind Accounts forthi year •nded 30VIseptemb¢r1024 Vestry Repon Stotemtntol Flnonclal Attlvltles Balan¢e Sheet Nolu totht •ccounts io Independent Eximlnees Report O£ttsyn Env•k>p• JO" 30ElJ41247F￿8olAjaE4mC6I92A3Aob vènry Aepan lor the y¢ir tnded 301h 5epi¢mber z014 A•l•r•nr• ind AdmlnlMratlv• O•t¥lls pl ihi Chirlty, lis Twstees Ind Advls•rs Scottlsh ChadTr Nurnber:. SC003C¥)9 Prindpal oifite:. Ga Mornln6slde Road Edlnbur8h EHIQ 4DD Chalr People's Warden Rertorfs Warden Lay Repre5enlatlve cretary Treasurtr Rt51gned December2024 ResÈned May 2024 ApF¢lnted December L123 ApF¢lnitd Decembir zoz4 Asjoclite Rettorlpirt tlmel Non.Jtlpendl¥rymSnlster Non-stlpendl•rymlnlster Iretlred) Non-5tlp4nd5•rymln15t•i Non-st5pentllary mlnlst•r Ir•ilr•dl Non-st￿@•d1?ry mlnlst•rlr@tlr•dl 8ankers:. Bank ol kotlind 426 Momlngsldi Ro•d Edlnbur8h £HIO 5QF lndependentEM4mlne￿:" lene +TJft LLP (Trndln8 as cn Chanered Accountants 61 Dublln Street Edlnburgh EH3 6NL Solldtots:. Anderson 51rnthem LLP l Ruljand Court Edlnburgh EH3 BEY DocusSo• Env•lop• ID. 30E1341247F346D1.A38E4%C8292A￿￿ Chrlii Churth MornlnDld• Véifry Report lor th• y•Ar •nd•d 30th Sépternbtr 20Z• Chrlst c￿Tch Momlrk851dÈ 15 an Inojrnbency of ihe Scott15h Ep15copal Church In the Olocese of Edlnbvrgh. Chrlsi Chor¢h15 governed by è Constllutlon whlch Indude5 adherence to the Canon5 01 the Scgtttsh Eplsccpal Churth. Vestry members are iesponslble for the temporal affalr5 01 the c¢ngre$allon. In partlcular the prDPErty and Itnances of Ihe Churth and the appolThtmenl of non clerlcal 513ff, The Vestry also a551sts the Rertoi In rnatters afledlnB the splrltual welfare ol the con8re8aiion, Vacancles for vesiry members lo mlnlmvm of three and a maxlmum ol slxl are riiied by elECtlon at the Annual General Meetln& and may Serve for o maxlrNm of lour years, and are noi ell8lble lor re*lertlon lor al leasi one year theieafter. The Lay Representailve who repre5en15 the chU￿h at Dlocesan Synod and Area Councll meeilngs Is elected annually by the congreBailon at the Annuol General Meetlns. The People's Warden Is elerted anfiually by the ¢on8fegallon at the Annual General Meetlng and can hold olfice for a rnaxlmum of five con5ecutlve years. The Aertoffs Warden Is appolnted annually by the Rector and also holds offlce for a maxlmurn of ve Yea￿, The Vestry Secretary and Treasurer are appolnted by and are ex offlclo members ol Vestry. The fact¢r Is appolnted by venry and reports to them. The Vestry has lour comrnlttee5 worklng to a8reed Terms of Reference.. Siandln& Flnance and Mana8emeni, Properry, and UK & Overseas Support, Th2re ore also sub ccmmlttees - Flower Commlttee and 5oclal Commlttee reportlnl ro the Flnan¢e and Management Cornmlltee, and Eco Group ind 'Bob' IDIY 8rwpl reportln8 to the Property Cornmlttee. Ihere are many rnore Informal group5 SUPPOrtln8 varlous aspects ol the church's Ille, The Rector Is Tesponslble lor the splTltual affalry of Ihe Church and delegales aspEcts ol the Church's operatlons io lay and ordalned mernbers os approprlate and woths c105ely wllh Vestry Ind iu ccfflmitteej In f¢rmulailn8 and Implerneniln8 pollcy for all •reas ol the church's Ille. New membern ol Vistry )re requested io attend a davs Inductl¢n seJ3lon whlch also In¢orporites IrJlnln8 for •xlstlnB membery. The Vestry tonsld*rs major rlsks on an ongolng basli. Thè Vestry Is satlsfled that 5VStems are In place to manage Ih05e r15k5. R15k ond control ictlvltl•s Include thlld protecllon pollcy. health and 5alety J55essments, fln4nclal ntrol procedures and regular flnan(lal monlrorlnE. The Chur¢h has Insurance cover through Congie8atlonal and The Church of S¢otlènd Insurance CgmpaThy igalnsi ranie of rfsks approprfare to the acllvltles of a Church. The level ol Insurnnce cover. whlch Is consldered idequ81e. Is revlewed on an annual bas15. The obl¢EtIvES of the Vestry are to jdvance the mSssl•n ¢f th• Chrtstlin Church, tlwvugh worshlpi ¥•r¥l¢e, educjtlon, f*llow5hlp Ind outreach, Theje oblectlves gre urrled out throu4h rnts￿on ond pastornl i¢tl¥ltle5, The prlnclpal acflvllles of the Chur¢h •re publlc worshlp* the splrltual d•volopm•nt ol Its members aThd1ts 50clal responslblllty actlvltle5. DDnJtlons to charltable uuses ire ma¢Je re8ularlyth•t PrO￿￿e beneflts 10 ¢J15•Jvanta8ed Indlvldu)Is and ¢ommunltles In Scolland. the rest ¢1 the Unlted Kln8dgm QVEI$*IS. In ar￿n1 oui Its obJ•rtlv•£ th• V•stry depends upon the contrlbutlon, both human and materl•l, of miry volunteers frorn iht ¢on8re8atl¢>n. Act￿VItIeS c•rrl•d out Include contrfbutlofts FrepaAtory 10 and durln8 worshl J¢rvke on suts•committees and wgikln8 8roups (for •xarnpl• 50clall and throush 8roup actlvltloi Ifor •xample• p•>lornl ure ond 5orl•l outre¥¢hl, the m•lntenance of premlse5 4nd hbrl¢, and a Yailety ol pastor41 ènd socl•l a(tlvltle5 Ilor eiamplei P•Storn1 vlsltlns. Youni Church and thotr). Th¢5e ronlrlbutlons ?re all hl8hlyvalued by the wlder congreiatlon ind more than nfty per cent of Jll rnemb•rs •rn act5¥e ￿l￿￿ti¢l$ lor bgih miterl•l ocllvliles •t thrlsi Church an*J Its ouireach tc thE wlder communlty. l•v m•nl erlod ol vicancy. was Snslalled •J Rector In March 2023. Th• fitlnued hls mle a5 bcum p￿St and the Vestrywere dellihted to announce hls porman•nt appolntrnent J5 AssoclJte Rector frnm Ottober 2021 We conllnue to be Iratelul for th@ rnlnlrtry ol the Rvderend Im K¥t•y*odor as a$51st•nt prlest l•nd pastor ol the rshlp at Chi15t Church once • monthl Ind other mernbers of the ckrwi leam knd¢JdlTr Do¢uJi#n ETr¥•￿?• ID. 90E13412.B7F34eDI.AJ&E418C82>2A3AOg hrlrt Church Mornlnffsldt Veslry Report for the y*•r •nded 3Dth SepteM￿r IQ14 Achl•v•m•n ntln The thurth comrnunlty has Con￿nUed to recover and retum to a 'new nprmaf post.Covld. Weekty attendance has recovered Strong￿ wlth conRreiallons back to pre-covld number5. FollowlnB the arrlval of our new Rvctor the worshlppSn8 pattem has devebp2d Indudlng wlih ihe Inrroductlon of a dallv Eucharlst at 8aM Monday io Fflday and a rnonihly 5eNlce of Choral Evenson6. ThÈ wÈÈkly CDrnpline on Zoom has conthved and become a pemanent lay-led flxture In the weekly partem of Se￿ceS. The weekly Wednèsday tradltlonal language Eucharlsr at Ilarn has conrlnued to nourfsh. as has the rnonth￿ 'Communlon and Meet Each Othel ICAMEOI partlcularly aimed at older members ol the commurslty who may not be able to attend on a Sunday momln8. reilred as Church Manaqer on February 2023. as appolnted 3$ Churth In AuRU5t 2023 and hi4 already made a s¥nific•nt contrlbullon In relatlon Ic the 5y5tems ollcle5 and communlcatlon ol the churth offlce and manaBem•nt of thp chuith estate. Ben woiks cl059ly wil whj contlnue5 to be Invaluable as Offke Asslstanl In whkh rol• sh• mana8e£ th• varlous bookln8s by or8an15011ons whlch use our facilrtles. ears at Easter 2023. as appolnied a5 Dlreaor of s Asslstant Organlst, who has taken on addStlonal reiired 05 Olrector of Muslc 4ftor 20 Muslc in Aprll 2013. HÈ contlnues lo be Jsslsted bv responslbllltles plannlng for the lauA¢h of a Chlldfen's Choir. A 51gnlflcant portlon cf ihe Church'5 Investmenis are held In the S¢ott15h Eplscopal Church Vnlt Trust Pcol IUTPI In ddliion tu the cvn8re8allon'5 ownershlp of 2 houses on the slte, a flat at Maxwell Street and a Ch(trch Cenrre. The Hall ènd Centre contlnue to be well used by varlous local or8an15atlons and chirltles, Includln8 the Holy Corner Playoroup, The Incorne from these bookln85 Is a slgnlflcant resDurct to support the mlsslon and mlnlstry ol the hurch Ind wlll contlnu• to be developed Ind enhanced iolnfj lorward. Our learnln8 and educètlon programmos Cover both chlldren and larnllles and also ￿l¥l¢le$ for adults, Includln8 the Jour￿¥$ In Fèlth programme of ralk5 on Sundays after worshlp whlch ha5 seen a nurnber ol well recelved talk3 dulln8 ihe perlod, Thi flnances olthe Church prodvted a surplu5 for the yezr 01 £168.892 (pre￿0￿ year5urplu5 £89.7LBI kncludln¥ •n unroallsed qaln 01 £33,115 on our Investment In the SEC uThlt trust pool. The svrplus wa5 due io the recelpt ol leiades of £143,016 from Ihe estates of £15peth Baxter and Mary Smallwo¢d. We operate fow accounts, Ind l Jurnmirlse the key movements In each ar¢ount, Genenl Fund. Oeftclt E18.555 Iprewous year$urplus E4,2861 Irbvestmeni Income £10,359 Ihis ¢ompr55es £7,143 Irom our holdln8 In the SEC Unft Trust Pool and É3.216 bank dep051t Interest. CongfeRJllonal ilvtne Increased Iroffl £145,568 to E151,742 in Increise Of 4.2X The result ol the sieward5Np campalÉn waj dlsappolntlng wlth Only 16% 01 members who éonJte on 4 reguljr basls In¢r¢a55ng thelr ftnanclal lontr1bu￿on$. Envelope and open plate 8lvlnE Increased frorn £5,084 to E7,457 Donatl¢ns of £7,040 Include £6,000 Irom the Ellem Foundatlon wllch ¢•mi 15 a very welcome surprlse. There were no Condlilons on how the donatlon should be Spent and vestry h85 declded that It would be appropTlate to Use some Df ihls donillofi io PUT¢ha$e a nBllvlty set. Rent Irom tne hall, Centrei parkln& •nd Maxwell Street Increa*d Irom £4fj,862 to £51,406. Rents were Increased durln8 the year to reflect current morkel r•le5 and In In¢rea5e of 2% h•$ recently been mplemented for the year to Septernber 2025. Thls Income stream wlll be enhanud In future Y￿r5 by rent Irom the hlre of ihe Church followlni Instsllatlon of the dal5. Èrr4&1op8 ID. 3DE13412.87F346D1-AI8E-oec8292A3AOB Cfirlll Church Mornln8sld• V•¥lry A¢pvrt for ih• y¢•r jthh S•pi•rnb¢r 2014 nilnu Salary ¢0>15 In¢reaJed Irom £97,189 to £145.482. The c05ts rellert lull ye•r ¥il•rlts lor all siaff ind Includes a cost-ol-Ilvln8 Increaie vf 7.8% for ¢ler8y, Stlpend5 wlll InGre)5e by 4%1ft 2025. However. the very good news for churches Is thii Cler￿ penslon contrlbutlons wlll fall sl6nincantly In 2025 followlng an Improvernent In the flnance5 01 the Provlnclal Cl¢r8y Pen51on Fund, Thls wlll mean that our CDntrlbL*tlons lor Matthew and Ryan VAII fall Irom £1,328 to Éy43 8 month Wor5hlpt oftlce, sundry. church hall & sodal eipenses Increased Irom £20,982 to E23.427 wlth addltlonal cosis assoclated wilh the appolntment ol an erternal company prO￿dIng he)Iih and Safety SUPPOrt and a new copler Installed lurlng the year. Pr¢perty costs whlch Indude Insurance and malntenance decreased Irom E42,858 10 £39,708 due to a lall In malntenance c0515 from E20.066 to £16.513 Quoto costs of £17.685 reflects our contrlbutlon io Provlnclal and Dlocesan expenses and Is based on Ouf a¥era8e Income from 2021 to 2023. Quota costs ire expelled to Increase by 8% next year as ihe Oloce5e seeks to recover the IO% reducllon In quota l*vl¢d to all charles In 2021 In response Ic the pandernlc. Outreach contrlbvtlons io overseas charllles, Erlc Ll¢Jdell Centre and UK chariile5 toialled C14,096. Oet4115 olihe reclpSents wlll be dEralled In ihe handoui provided ai ihe Afjm. lill Fund-svrplus É159,9S8 Iprevloui yaar iurplus É79,9711 Income ol £170.047 ¢omprlse5 É14J,016 le8aile5 Irprn uch.loved ar*d re5peaed members ol the ion8re8dtlon and donatlons of £27,031 Irom members of the conire8ailon towaids Ihe 150th AThnlversary appell io pvrchDse new cholr benches and sr•lls, Yhe le83¢1*s after the allo¢•tlDn ol t•n p•r¢ent to UK and ov¢r5eas ¢h¥rltl•s, wlll support the fundlng ol the 1501h nnlveisary prolerts. Expendliure of £87.806 comprlses. ÉB5.709 ¢n tht 15trh annlversary prc+lert, £77,717 of whlth has blen capltallsed and E2,097 on • new nre panel for the Centre. The expendlture on the 150, onnlversjry prolert cornprlses £31,020 OTh the con5tructlon ol the dals, É7,992 on the rel￿rbI$￿rnent ol the l¢nt, £35.446 Isohl on new cholr stalls, benches and £ll,Z51 on prolessloThal ar*d project manoiemeni lees and othercosis. The deflclt 01 £5,207 on the ChLtr¢h Ccntre rcpres¢Dts the y¢•rly amount to wrlie off ihe orl8lnal cost of É223,000 ov¢r Its •MP•rt•d ui•ful Ill•. Th• b¥lanr• r4malnln8 to be wrSEten off now stands at £35.681. We Incvrred £919 on taxi5 tts allc*wmembers to iome to servlces and events who otherw15e would flnd It dlfflcult tts attend. Whllsi we were lortvn8te lo recelve éonaiions of £500, we Now hwe a deflclt of £419 on ihSs account and a top up Is requlred to ensure we ¢•n contlnue to provlde thls much appre¢lated servtce. The Church hès toial lunds of £943,573 Includln¥ the Chuich Centre, conslrurtlon of ihe new dals, new ¢h8nol lurnlture and offlct equlpmenl IE36,1791. ljat at Maxwell Street1£375.OUOI, Investments In the SEC Unlt 7rust Pool 1£250.4521, debtors, cash at bank le$5 credlicn or £104,225. M05t of the bank bolance51s held In a hl8h Interest dep051t accovni. The Chvrrws flnan¢es remlln In Kood order althoU8h wlth st￿lIk?￿l ¢osts we musl nct be complaeent In malntalnlnl our InEome at the ne¢o55ary l•vdi. Th• ve￿￿$ reseNes pollry Is to rnalntaln reseNei to rnEel futu￿ rapltal and revenut e¥pendlture. Restrlcted reserves comprtse funds Trlsed to constfuct ihe new Church Centre, donatlons and legacles earn￿￿ed lor lutu vn5peclllid rjpitsl proleLts and to provlde traltsport lor the elderly and Inflmi. The unrestrlcted bilanco on thi Gener31 Fund at September 2024 wa5 £491,213 •nd the Qplial Fund wa5 É341,179.The restdffed bal￿(e on the Capitsl Fundw3s £89351 the balance on the F?brf¢ Fund 1&ntre)￿44 £20,829 and TraNport Fund wjs AIL Oocu8lgn Envelopolo. JDEf3412-B7F348D1-AJ8E￿8C8zO?A3AoB Chrlst Churth frADrnln¥ild• Vtitry R•part lor th• yeir•nded 301h 5•pt•mb•r 20Zd Investments are held In the Scottish Eplscopal Church Vnlt Trust Pool IUTPI. The Inve51ment pollLY of the UTP, whlch accord5 wlth that of the Vestry. Is lo earn a relurn on the a55els, over ihe lon8 term, sufficltnt at least to malniain the real value ol the dlstrlbutlon to unll holders, 14ns for F The airlval of a new Recior, confirfflatSon ol a permanent A550clate Rertor. and 3ppolntment ol a new Church Manager and Dlrector of Muslc. has provlded an opponunlly IOT rellectloA and future plannlng for the mlsslon and mlnlslry and re50urcln8 01 ihe church. The varlou5 worshlp, pasioral, cornmunlty and soclal acllvllles contlnue, lon8slde stratellc plannlng lor the futur¢ ol ihe ¢hur¢h ¢ommunlty 4oln8 lorward, The upcomlnd 150th annlversary ol Chrlsr Church In 2024.2026 has provlded a focus for thls plgnnlng. The Vestry undertook a vlslon day In lune 2023 from whl¢h varlou5 Potentlil projects were formulated In¢ludlng In relatlon to herlta6e. spice, ¢ommunlty use. and muslc. The prole¢ts Include the devElopment ol the sacied space of the huTch Iwhlch Is currently only used for worshlpl so that more people ran enjoy the bèautlful Interlof, end Its uses Ind outreach can be enhanced, whl¢h wlll a150 Increase potenllil Income 5tfeams to support the mlsslon and mlnlsiry ol the church, There are also plans to launch a Chlldren's Cholr and rnake advances towards decarbonlsatlon. Erryebpv ID. 30E13417-B7F346DI.A38E￿¢6292A)Ao8 Lnriil Lntsr¢n MOrnlnK51d• v￿try Heport lor thv ￿•Tended 30th Sepi¢mber2014 Trusl The rntrnbers ol the V¢siry are r•5ponsible for preparfn8 ihe Vestry REPOrt and th* accounts In accordan￿ wlth applltable law and Unlted Kln8dom Accountln8 Standards IUnlte¢J Kin8dom Gèn*r3lly Accepted AccoLrntln8 Practlcel. The law appllcablè to charliles In Scollartd re4ulre5 the mEmbers of the Vestry to prepaie a¢counts for each finaftclal ye3r whlch 8lve a tnje and lolr vlew of ihr 51ale ol affalr5 ol the charlty and of the Incomln8 iesources and appllcatlon ol reseurces ol iht charSty loi that perlpd. In preparln8 ihese accKiuntS. the mErnber5 of the Vestry are requlfed tu: 5elert 5Ult•ble accounilni polldes and apply thErn cons15tently.' observe the meihods and prlnclples In ihe Charltle5 Statement of Recommended Practlce IFRS 1021.. make ludBements and estlrrates thai are reasonable and prudent,. 51aiE v4heiher applicable at¢ounlln8 Standards have been followed. 5ublert ID any rnaterlal departuies dlsclosed and explalned In the accounts,, and prepare iht accounis on the 8oln8 concern basls unless It Is Inapproprlate io presume ihat the charlry will conilnue In operation. The Members ol ihe Vestry are re5ponslble for keeplng atcountln8 recoids ihat dL%close wtth reasonable accuracy ai any tlme ihe linanrlal posltlon ol the charlty and enable ihern ro ensure Thar the accourbt5 romply wlth the Charliles and Tru>tee Investment (Scoilandl Aa 2¢X15. The Charffies Accounts Iscotlarbdl Re8ulaUvns 2ty)6 las Imendtdland the provlslgn5 Ot ihe ¢harlW5 constltutlorb. The membors of the Vestry ore J15• r¢sppn31ble lor sofe8uardln8 the •33¢ts of the Charlty and hence for tsktn8 rèa%tsDabl• rtEPs frlr the preventlor* and dotectlon 01 fraud and othei lire8ularitSes. The rnernbers of the Vestry are respon55b1e lor the malntenance and inte8rity of the eharfty and finant131 Inforrnatlon Included on ihe ¢hureh's webslte. Ltglslaiion In the Unlted KlngdDm governlng the prepar31ion and dlssernlnatlon of financlal staternerbts maydilferfrom leflslatlon In other jurlsdlrtlons, Concluslo In concluslon. the Vestry wishes to tharlk oll member5 of the congre￿tIOn who help In 50 many dlfferent Ways in carryln8 on the wcrk ol the Church. wlthout whgm ihese results ￿Uld not have been a¢hlewed, 8YORQEB OFThEVE5tRY 19 Decernber 2024 DoGusvJn Env•loo ID" 3DE13412-B7F346D1-A38E418CB252A3AOB eM•llf CMVACM •IOAh1Noiroi •TATIIIIIIT¢)I ACTMnE• Al•irf¢i•dF¥r￿¥'. fjih•tyl ¢ipllbl Vund F¥n¢ Tptsl 1014 Totsi Fund Fund ithrgm• ina •ndtr*m•nts Irofft 145 IT.•JI 31.071 143.010 107. c￿rtI•010 410 •1 A•nl I￿V￿.c￿l￿4 UTh1 TVAII 7.14) Jjlo 13.27 TDIBIID¢om• 14J.4•2 0,4)4 Jl.4eo 17.019 145.401 0.139 44.0)7 17,aD5 l?,W7 ow• 14.0 14.2 •,4n O•y••r N•1 4207 41• 41• 119 11$ N•1 w i￿¢40b￿ I71￿12 2eO.$99 0,014 ZILIX 774.M1 .In Tvlalty￿• •iJ•hw•pi•mb•rlQ24 IJ oooJson Enwel0￿ ID. 3DE13112.87FJ46DI-A3&￿c829l43A08 CPIRISTCHURCH MQRMINO¥IDe BALANCE SNEEr A• It 301h S•pi•Mb•r 2Q24 2024 20ZJ FIXED K%8ETS Tan9fots J¥i•ls In¥tllmenl pioperty 113.e 376.f 2M.452 44.729 375.0 217,337 7J9,340 evAAeNT ASgEf5 Deblo Caih 01 bink 13,708 197.346 139.5Tr) UA8ILmes CrtédDrn'. hlDrbg du• tth y*ir 8.627 7.895 NEf CuRREp￿ ASS￿3 204,220 1)7.4Q5 NET ASSETS 774 801 FUNDS OF THE CHAAITY UNRESYRICTED FUNDS., Gernrnl F￿￿1 Fw 49231a 311.179 476.on 205.559 833.J92 AE8TiueTED FUNOS.. Gerwl Fthl C•pnai Fw Cenire Fw Tr&75pJI FL 89.352 20.629 26.026 110.181 TOTAL GHAPJTY VVNL13 OocusWJn En¥¥l¢ptt ID. 3DE13412-B7F346D1-A38E-08C8292A3A08 Chrlsi Churth Momlnpfd• Noiei ¢0 tha AÉ¢4unts for ih• Y••r End¢d 30 Sept•mbar 2024 A¢¢ountlni Poll¢les The accounts should be read In conlvncilon wlth the Annual Report. The prlnclpal accountlng polldes are as follows: Ac¢ounlln6 Basls The accounts have been prepared under the h15torlcal cost convenlloft wllh Items reco8nlsed at cost or transadlon vilue unless OtheN41se stated In the relevant notel51 lo these accounts. The accounts have been prepared In accordance wlth the Statement ol Recommended Proctlce.. Accountlng and ReponlnB by Charltles prtparlng thelr accounts In accordance wlih the Flnan¢lal Reportln8 Standard applltable In ihe UK and Republlc of Ireland IFAS 1021 (second edltlon October 20191 and ihe Flnanclal Reportlng Standard appliiable In the Unlted Klngdom and Republlc ol Ireland IFRS 1021. the Charltles and Trustee Investment Iscotlandl Act 2005 and the Charltles Accounts Iscotlandl Re8ulatlons 2006 las amended) and UK Generally Accepted Accountln8 Prnrtlce. The Church con5tltutes a publ1¢ benellt enllty as defined by FR5 102. The accounis lie presented In sterlln¢ pound5 whlch15 the luncllonal cuirency of the charlry. Golni Conttm The a¢¢ounts have been prepared on a 6oln8 concern ba$15. The Vesrry have asse55ed the chu￿.5 ablllty to Continue as a goSn8 coTrcern. and have ieasonèble e¥peaatlon that the Church has adequate resources io contlnue In operatlonal exlsten¢e for thp loreseeable luture. Thus, they contSnue to adopt the 8oID8 ¢on¢ern ba515 01 accouniln8 In prepartn8 these fin•n¢lal slatemenls. As noted Vestry èr* aware of uncertalntSes ol tht on8oln8 eflecu of the c05t ol Ilvln8 crlsls. Vestry assess the Church's lblllty to coniinue ¥$ a 8olng concern and ar• satlsfled that It rernaln5 approprlate to prepjre the flnanclil siatements on i 8oln8 toncern bas15. Incom• •nd Exp4ndltur• Incomln8 resources are reco8nlsed In ihe yeaf In whlch the ¢harfty becomes entlrled to the resoufce, IL ts prvbable thai the resource? will be fecelved and the amount tan be quantlfled wlth reajonable rellablllty. Expendlture 15 accounted for on an accruals basls. Expendlture on charftable actlv5tles Include5 all c¥sts Incurred In undertoklng Church •cUviil•s. The thur¢h Is not re615tered lor Vit and i¢cordln8ly expendfture Is shown 8ross of Irr•coy4iablq VIL Capltll EMpendliur• The Churth 3nd the propertles at Numbers 4 & 6 Momlnylde Road afe not reflerted In the accounts. Values lor odglnal c05t ale noi avallable. Vestry con51ders that the ¢ost of carrylng out a profes51onal ￿￿lUatIOn to Include these propertles In the accounts would be dlsproportlonate to any addluonal benelltderlved by users of these a¢¢ounl5. Slnce 2CrfJ5 all Pfoperty addltlons are capltallsed and depreclated. Expendlture on the upgradlng and refurblshment of Churth propertles Is char8ed as a revenue Expense. Ofnce furnlture ind ¢9ulpment In excess of E4LIJ and havln8 value to ihe Chvtch greater than one year ore cop5tallsed. Depredailon Is provlded on all Itxed assets at rate5 c•lculaled to wrlte off th? ￿51, le55 estlmated reslduil value of each a5sei over its experted u5elul Ilfe a5 lollows, Property-centre & Dals Fumlturn and Equlpment 4% 25% Strdl8ht Une Sirdlght Une Investments Investments In urblt iru5ts are Induded In the arfounts al market Yalut. The Investrnent property at Mawll Streel Edlnbur8h Is shown at es￿rnated market vilue based on the prlce of slmllar propertle5 501d on the open Ma￿tL Reallsed 6aln51lv￿es ère calculated a5 the dlfference between the net ￿leS proceeds and thelr valuatlon atthe stsrt 01 the yeirand reco8nlsed Irb th• stotemenl otllnondal acddiies In the year of dlsposal. io- Do¢usvJn Envelope ID. YOE13412-87FJ4601-A38E-08C8292A3AOB Chr15t Mvrnlnyld• Noies to ihe Accounts Igr lh• Y••r End•d 30 5eptefflb•r 2014 Penslon C05t5 The Church funds penslon conirlbullon5 lor certaln employees to the SEC Penslon Fvnd a definEd benefit non. contrlbutory penslon scheme. Contrlbutlons are charged to the Statement ol Flnanclal Acifvliies so as to spread the cost of pensloA5 OYEr the employees, wor￿n8 Ilves wilh the Church. Slock Stock15 Stated at the lower ol cost and net feallsable vèlue. T•xailon The Chur(h Is a reglstered Scott15h Charlty exempt from corporatlon tax on Income and 8alns applled to charltable purposes. Income tax Is recoverable In respect of Blft pld Ilonatlons, Operatlni le43es Rentals payable under operatln8 IEa5e5 are ¢har8eable to the 5tJrement ol Flnanclal Artlvltles as Incurred over th• term of the lease. Flninclil Instrum•ft A flnaftclal a55et or a flnanclal Ilablllty Is recognlsed only when the charlty become5 ¥ party to the contrirtval prov151on5 01 the Instrument. Basic financlal )$5et5, whlch Includè debtorj and cash and bank bal4nces, are Inltlally re¢ognlsed at the Iransactlon prlce, unless the arfan8ernent c?nstltuii$ è firtaniJ .1 tk)CU8lon Envebpe ID.. 3DE1￿11-S1F￿6OY-A38È￿Cfj292Al408 INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OF CHRIST CHURCH, MORNING51DE FOR THE YEAR ENDED 30 SEPTEMBER 2024 I report on the accounis of the chanty lor the year ended 30 Seplember 2024 which are sel out on pages 9 Lo 16. This roport 18 made to th6 tNslee8, 98 a body, In gceordanco with the terms of my engagemenl. My work ha8 been undert8k9n to gnable mp to report my opinion 8$ sat out below and lor no other purpose. To the tullesl exlenl permitted by law. I do not accept or assume rèsponsibilily lo anyone other than the Charity and th8 twslees. 88 a body. for my work or lor thi8 report. Rèspacllve responslblllll•$ ol trustoÈs and Independent oxamlner Thg charity's trustees are Tesponslble for the preparallon of the accounts In accoi¢Janc8 wllh the terns of Ihe Charllles and Trusleg Investment IScollanOI Acl 2005 (Ttte Acll and lh8 Chaiilies AGcoun15 ISGollandl ReguL3llons 2006 (as amgndedl (the RegulalSon5), Tli¥ bl)drily Iruslees consider that the audit requiremenl ol RegulalSoa 10111 lal lo (c> ol the Re9ul8lions doe3 not apply. 11 13 my responsibility to oxamino lh8 account$ gs required undtrr secbon 44111 (cl ol the Acl ancl lo slaltr whether parts'cular matters have comè lo my allenlion. Basls of Indèp•nd•ni •xamln•r's st•lemont My examln8tion is carried out In accordance with Regul8llon 11 of the Regulallons. An examlnallon Includes a revlew of tho accounting record5 kepl by thè Charity and a comparison ol tho aeeounls presented with those records. 11 a150 in¢lude5 consideration ol any unusu31 Items or Olsclosures In th8