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2024-12-31-accounts

Fdinburgh: Gorgie and Palmerston Place Parish Chiirch of Scotland Trustees, Report and Financial Statements for the year to 31 December 2024 CoDgreg*tRots No: 010127 Ch2rity.Yo: SC004291

Trustees' Annual Report Year ended 31 December 2024

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 16 to 18 of the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS 102) applicable in the UK and Republic of Ireland.

Objectives and Activities

The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.

Union

Gorgie & Palmerston Place Church of Scotland was formed on 31st December 2023 by the union of Palmerston Place Church and Gorgie Dairy Stenhouse Church, in accordance with the Mission Plan of Edinburgh and West Lothian Presbytery. As a result, 2024 is the first full year of the united congregation.

It is pleasing to tell that the two former congregations have come together in a spirit of unity and Christian love, and many new friendships have been formed. The united Kirk Session has broadly equal representation from the two churches, and joint office-bearers have been appointed, ensuring that the interests of the whole of the enlarged parish are fairly considered.

Vision 2030

In February and March we held two "Vision 2030" days during which all our members were asked to think prayerfully about the future priorities of the united congregation.

The outcomes of the vision days were that we will be a Christ-centred church, seeking to glorify God through worship, missional service, and discipleship. Our strategic priorities are: •Mission through service

We now look forward with prayerful confidence to our future, trusting in the Providence of Almighty God and the leading of the Holy Spirit.

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Trllstees, Annual Report (continued) Year ended 31 December 2024 Objectives and Activities (continued) On its fomiation the congregation inherited the following buildings.. .Church buildings on Gorgie Road and Paliiierston Place .Sa]tyaTd, a café and community eentre on Dairy Road .Diadein, the forn)er Stenhouse St Aidan's Church, no longer in use. though it has provided some rental income and •The two former manses. Both churches have been retained, and Sunday worship Servic￿ conlinue to be held in each, ￿ well &q the rn8J)y other activities the4t take pla¢t in them. Once a tnonth a joint service is held. alternating between the two buildÉngs, our members have taken readily to worshipping together. ( quart¢rly Comrnuntoii $erYi¢es are also held jointly. s￿ty&[d CA)ntinues as an invaluable base for missioTJ and community outreach. and this iTllwTrrtant resource will be develop￿ further. The Diadem building has been released, and its sale to arnther Christian Ch[￿Ch is currently nearing ¢oinpletion. The former Pa]merston Place m&Ftse is rented oui and provides a Usef￿ monthly incotne. The former GDS Ma￿94 which is F*ing extensively refwbls1E￿ will be the rna￿$e for the new MiTri%ter when called. Stsffi MiniJlerial Team On union we inherited two centrally employed ak%i8taiit iniiii%tci'8 niTr tcini)ora"I' .accin¢nl with us who continued in post throughout ihe ye¥r. heerfully took on the burden of ministering to us as we settled into oui uninn and their tireless t(>ntributions to our worship and wider activities have been rnuch aPpr￿lated. ime with us sadly ended on 31st D￿ernber. bul ill Gontinue lo serye until 1st kpÉemirr 2025. We wish them E<)th ew blessing in their future ministtles. We are particularly indebted t our Intsrim Moderaior. who has provided u% with inspiring and grncious leadership du"014ghoul thc y￿. our part4ime OLM, has brought forward many new ideas to broaden our worship offertngs to engage with the wider cornrnunity in the parish. Our two full-time Ministeri8] A5sistsnts, have each contributed greatly to the life (>f the congregation. Lisa has particular responsibility for pastoral and outreach wDrL while look% after thildren. young people and families.

Trustees, Annual Report (continued) Year ended 31 December 2024 Objectives and Activities (continued) Our organist, left on 3 1st Deceynber. His skilled mu%icianship has add￿ much to the Quality of our Sunday worship, and we wish him weu in the future. A Teplacement is CUTrently being remiiled. Supwrislaff After left &8 Ch￿￿h Adminisknlor during the year. following maThy years of loyal service at Palmerston Plac< it was decided to replace his role with the two part-tsme positions of Communications Co-ordin£for Premises Co-ordinator. alon -serving elder, took on the Commimicatiorts role, while the PrernI￿ pi)st went Sadly, signed after a few months. but we are delighted to have o tske over the role. recruited We continue to be indebted to our careiaking statT. throughout the yea left us in the authmn and lias i*en replaced by served Achievements and Perforn)anee ew of the Year Both pr￿A￿essOr churches were in Vdcancy at the time of OUT uniixi. Having r￿e1Ved permission to call a Minister. the congregation elected a Norninating Committee, a Parish Profile was drawn up. and the postwas advei2ised on the Church of Scotland website. The advertis&nent attracted a sood number of applications, and several candidates were interviewed, but ihe NOMEn￿1n£ Cixnmittre was unable to agree on a sole nominee to ptesent to the congregatiorL Accordingly the vacancy was rethadvertised in January 2025. and we trust that, WLth the gUIda￿t of the Holy Spirit, we will beable lo elect a new Minister in the near future. Worship As reported above. knth church buildings have Eeen retaine& with weekly WOTship conducted in each. Apart from the monthly joint service4 which alternate between the billldingsi Palmerston Place holds Sund&y services at 10.30am and 7p]n. while Gorgie tneet$ at I lam. The evening service at Palmerston Place attracts a go(￿ number of worshipp￿3 fi'om other churches in the clty. In addition, le&8 formal worship services take place at Saltyard, notably a monthly Taizé servic< w5)ile Nlessy Church 1$ run monthly in Gorgie Chur¢l). We continue to offer regular services at the sUth￿-iand Street retirement housing coinplex.

Trustees' Annual Report (continued) Year ended 31 December 2024

Achievements and Performance (continued)

Young people and families

A key aim of the church is to engage with young people and families in our parish, and we run a number of activities specifically to this end. One of our Ministerial Assistants, Jessica Linde, has particular responsibility for this area.

• The Monday Group, aimed at primary age children, has been successful in attracting a good lev, of support, including from families with no other church involvement. It meets weekly during term time.

• As noted above, Messy Church takes place monthly in Gorgie Church, and has proved very popul, with families. It is planned to complement this in 2025 with monthly Godly Play sessions in Palmerston Place.

Sa/tyard

Saltyard, our church cafo and outreach centre, celebrated its 10th anniversary in 2024, and welcomed a new member of staff. Catering assistant Ruaraidh Barron joined the enthusiastic team of volunteers and paid staff in April.

In addition to serving light lunches and snacks, which include home-made soup and scones baked on the premises, Saltyard offers a welcoming atmosphere and a listening ear. Through Saltyard, the church is part of the local community sharing the love and hope found in Jesus Christ.

Discipleship and Prayer

A number of programmes are aimed at discipling our people through prayer and engagement with Scripture.

• Weekly prayer meetings are held in both churches, which can be accessed by Zoom as well as person. In addition, a monthly Men's Prayer Breakfast in Saltyard was started during the year. This has proved to be very popular, not only with our own congregations but with people from other Edinburgh churches.

•Regular Bible study groups meet through the year, both in person and on!ine.

5

Trustees' Annual Report (continued) Year ended 31 December 2024

Achievements and Performance (continued)

• Bible studies were held during Lent in both Gorgie and in Palmerston Place, the latter run jointl with St Mary's Episcopal Cathedral. In 2025 this programme is being expanded to embrace other local churches.

• Series 3 of "The Chosen" was shown in Saltyard over the summer and stimulated many interestin discussions. This has continued in 2025 with Series 4.

Fellowship

Fellowship with other believers is a vital part of the Christian life. Apart from that which we enjoy weekly over refreshments after Sunday worship a number of groups and activities bring us together in Christian love.

Work with other churches

We are in a Parish Grouping with Murrayfield Parish Church and St Stephen's Comely Bank, and run various activities with them, including occasional joint services.

As already noted, we work closely with St Mary's Episcopal Cathedral through the Lent studies, and also hold a number of joint services each year. It is hoped to expand this ecumenical work to include other churches in future.

The Green Team Eco-Congregation group continues to meet regularly with their opposite numbers at St Mary's Cathedral. Palmerston Place has been awarded silver status as an eco-congregation, and environmental issues remain a major concern for the church.

Other Organisations

Several organisations use our premises, including the Nazareth Trust, which runs a hospital in the place of our Lord's childhood; CrossReach perinatal services; Shared Parenting Scotland; and the OM Music Sanctuary, of which more below. In addition, Presbytery meetings are held in the Palmerston Place Sanctuary.

6

Trustees, Annual Report (continued) Year ended 31 Decethber 2024 Achievement$ and Performance (continued) The OM ￿￿1¢ SanctU￿Y is an exciting proje￿ led by two of ouy regular worshippers. and has been meeiing in Palmerslon Place since the beginning of 2022. It offer3 support to people with mentsj health issue4 Jnd provides tuition in variou8 Ill￿%1¢&1 instruments &8 well as friendship and companionship. It meets five days a week in the fomiei choir ro¢)m. Jnd has been an oittst&nding success, attractitkg some 70 reguIar tArticiwts. Although this is Jy)t a ¢hur¢h-nm proje¢L we offer theni significant guidance and support, and lel them use our premises withoui charge. General A weekly B-newsletter is senL giving infomiation and Zoom links to all the events in the following week. It is our most important mechanism for ¢ommuni¢ating with memkrs. although we have also proluced paFEr newsletters for those who are not on email. Our church magozines have been published regularly during the year. Jn futh. following the Union. these will be produced jointly. There have been no significant building works to the church bvildings during 2024. although minor improvements are ongoing, and significant work on the organ ond heating is $ch￿uled for 2025. A m&jor project during the year has been the complete refurbishment of the and this work continues into 2025. We are Indebt￿ kn the Fabric Team for all they do to keep our prOp￿tieS in gwd repair. As is sadly inevitabl< several of ow members and reg￿18￿ worshippeys have called to glory during the year, but we are comforted by knowing that they ate now with the Lord whom they have served so faithfully. Members continued lo donate to our regular charities. We raised funds for Christian Aid. Fttsh Sta¢ Water Aid, Bethany Christian Trust, and the Chogoi'ia Hospitsl. We have regular Minutes for Mission on appropriat¢ Sundays. We are gratefu] to all those responsible for organising teas aJ)d Coffe￿ weekly and for catering on speciai occasions. Members of the congregation wntinue to assist regularly with the Care Van, which supplies the homeless with fo(yJ, clothin& and blankets. The homeless are now IK)used in ihe 'Hub Hotel, in our Parish. and son)e of ow membas form one of several catering te8ms using the kitchen in Gorgte aiureh to prepare thTee•course Meals for them. We were actively involved in the annual Shoebox appe￿. Operation Christm&8 Child, and also aeted as a ¢￿tre for collection of the shoeix)x¢s wntaining gifts for children in countries in n¢eAI (thanks to the whole le8m of volunteets). At Christsnas we again donated gifts to the children of prisoner5 in HMP Edinbwgh and gave contributions lo Dalry Primary School. The Open Door Sale continual on Tuesday momings at Gorgie. It also enables us lo meet with the coinmunity and have conversations with passers-by. li is an excellent outreach 8rAd allows the Community to g& lo know us. We also run an Open t)oor on Saiurdays, which saw g(x)d conversations and h&% been very encouraging

Trustees' Annual Report (continued) Year ended 31 December 2024

Financial Review

Total unrestricted offerings including gift aid have decreased by £14,722 to £177,199 (2023: £191,921). Thank you to the congregation for their support. Grants include £4,500 from the Dean Fund (managed by the Presbytery of Edinburgh & West Lothian) towards our ministerial assistant posts and a £420 mission grant from Presbytery for trialling a family service at 5pm on Sunday afternoons.

Rental income for long and short term room lets, was £97,382 (2023: £78,682) which has increased following new tenants moving in, an inflationary increase in charges and hall hire continuing to recover after Covid. The Manse at Cluny Gardens continues to be let to a family via a letting agent. The church also received a donation, from Miss Helen Pettigrew Russell Trust, for which we are extremely grateful.

Expenditure on charitable activities has increased to £594,940 (2023: £426,050). There have been a few changes in staff through the year including the hiring of a third member of staff at Saltyard Cafe hence the rise in salary costs. Some of our cleaning services have been outsourced to a contractor which is a factor in the increase in church office expenses. Other building costs increased due to increase in heat and light costs as the favourable electricity contracts signed in 2020 came to an end on leading to a doubling of the tariffs compared to the old contracts.

During 2024 there were a number of fabric works undertaken with the biggest of these being the commencement of a refurbishment of the Myreside manse (in advance of a new minister being called) which will continue into early 2025. We are funding the refurbishment via drawn downs from the Consolidated Fabric Fund, which is held by the General Trustees of the Church of Scotland on our behalf (see appendix to the Accounts), and these draw downs are included as income under 'receipts from General Trustees'. The organ in our Palmerston Place building is being restored as it has been over 20 years since the last restoration and this is currently in progress so it will be completed for the l 50th anniversary of the opening of our Palmerston Place Church building in May 2025. At our Gorgie church we bought a new projector, painting the church railings and upgraded the boiler control panel. Within Annan House at 8-10 Palmerston Place we upgraded the 1970s Carlow Room Kitchen which is used by ou1· tenants. Thank you to the manse team and the fabric team for all there work this year arranging and supervising these works. We plan to replace the boilers within Palmerston Place Church in 2025 as these are now well over 30 years old and so we have set aside funds for that within the fabric reserve.

The Statement of Financial Activities shows a deficit on the general fund of £3,656 before transfers, which is similar to the deficit of £6,795 last year. The additional Ministerial Assistant (MDS) post this year and the fabric works undertaken mean the overall position for the year is a net deficit of £72,736 after the gains on investment which compares to £29,002 surplus last year.

Investment policy and performance

The Trustees have retained bank balances and deposits to meet short term requirements. Medium term requirements are matched by investments in the Church of Scotland Investors Trust Unit.

8

Trusteeg? Annual Report (continued) Year ended 31 Deeember 2024 Regerveg Policy Unrestricted resenres at 31 tkcember 2024 are d&8ignated as follows.. - a Property Fund of £2.200,000 (2023.. £2.200.000) which is represented by the buildings owned by the Con￿egatIon and is not available to spend on Ihe churchl activities,. a Fabric Lontingency Fund of £140.000 12023.. £35.0￿) whid) is s¢t aside to meet th)Trrouline re￿rb]shMent and mainten8nce costs of the propeJties: - a Musi¢ Fund of £4.610 (2023: £5.894) which is set ￿ld¢ tow8r(ts the upkeep and maintenan¢e of the psano and the organ. - a General R&%erve Fund of £3SO.642 (2023.. £528,128) which Mryll be used to support the church's ongoing worL including specific outreach ond other PrOj￿t5. It is the Trustees, policy to hold apwoximately 6 months running costs in this fund, which current5y amounts lo approximately £195.000. The Church also held £46.193 in restricted funth (2023: £45,159) which have been provided for the purposes sFctfied in Note IS. Reference and Administrative Information Charity Name: Edinburgh.. Gorgie and Palmerston Plact Parish urch of ScotlaThd SC004291 010127 The Church oifi¢e 10 Palmerston Place Edinburgh EH125AA Charity Registration Nutnber. Congregation Reference No: Contact Address: Trvste Kirk Session

Trllste￿' Annual Report (continued) Year ended 31 December 2024 Reference and Administrative Inforn)ation (continued) Prindpal Offlce-beare Interim Moderator. A$s￿late Minister: A8sistsnt Mtnister: s￿l0ncle[*S. Joint Church Treasurers.. Gift Aid Trwurer: IndependeDt ExamÈner NlaclachlaJ) & T1￿1ft CharteiEd Accountarrts Clifton House Craigard Iload Crieff PH7 4BN BaDker8 Bank of Scotland 75 George Street Bjinbur EH2 3EW Structure, Covernance and Management GoverninE Document Th¢ congttg8tion is a registered charity, number SC004291 and is admintstered in accordance with the ternis of the Iked of Constitution (Unilary Trorn)) and is subject to the Acts and Regulations of the General Assembly of the ￿Urch of Scotland. Recruitment aDd Apptslntment of Tru8tee4 The Menibets of the Kii'k Session are the charity trustees. The Kirk Session n)embers are the active eldets of the church and we chosen froin those membets of the church WIK) are considered to have the appropriate 8ift8 and skills. Th¢ Ininister, who is a member of the Kirk Sassion. is elected by th¢ congregation and inducted by Presbytery. The Interim Moderator Is 4)pointed by P￿$bytery during a vacancy. The Asso¢iale Minister was apFKJint¢d by the Presbytery. 10

Trustees, Annual Report (continued} Year ended 31 December 2024 Strn¢ture #nd ManAgemen¢ Members of the Kirk Session are the charity trt￿tee$. The Kirk Session membets are the elders of the chwch and are chosen from those mernbe￿ of the church who are consideral to have th¢ appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elect￿ by the ¢ongr¢gation and indu¢t¢d by P￿$bYtery. Th¢ Kirk S¢s5ion which meets eighi times a y¢ar is r&8ponsible for spirIW￿ and pra¢ti¢ai affairs within the church. Certain responsibilities are delegaied to the Finance and Fabric Committee ￿ appiopriate. The Kirk Se&8ion which meets el￿t times a year is responsible for all the affairs of the church. There are two full time MinisteTial Assistants, two part lime Saltyard slaty, a part time Church Facilitator &% well as an Organist (parl-time) and four Caretakers (part-time). The ongoing work of the church is also very dependent on the numerous volunteers whose activities are overseen by the Kirk Session Teams (Committees).. Worship & Christtan Edu¢alion' Service; Pastornl. OutsEach' HR. Fabric & Finance. The leaders of th&8e tsams formed the Coordinating Team in addition to the office bearers. These Teams were in place up uotil Ihe date of Union with the Structu￿ of the Kirk Session Cornn￿ttees cwrentty undtt review by the Kirk Session at the date of approving th Financial Statements while consideration of what will ik most efficien¢ going forward as a Unyt Church. Ri8k Management The Kirk Session and Session teams closely monitor th¢ key operational and financial risks facing the ChuTeh. Rftsk and control actsviti&8 include Safegu9￿ing w)Iicy> hea]th and safety tssesstnents, on ongoing fabric mainknance Pro￿￿me, fLnanciat control procedures including regular financial reporting. In wjdition to the above risks, the chU￿h also faces the risk of falling income aiising fr￿￿ an ageing congregation and the effects of Covid on attendgnce. We are also part of a parish grouping aml this may lead to opportunities of sharingresources. Pla￿ for the future The united congregation faces soine practical cha]lenges in the coming months. as we bring the two fomier churches together, but we believe that these are heavily outweighed by ihe optx)rtunities that Qod ha% given us. a Mini TIK ¢ongre8alion is ¢urr¢ntl we continue lo blessed by the services of our two Associale Ministers. Their appointments by Presbylery are, however, temwrary, and will Come lo an end when a pernianent Minister is called to the charge. er in vacanc ithoii Fiiiding a Minister is therefoi'e an urgent priority and we pray for the gwidance of the Holy Spirit in identifying and Calling the right Minister for our needs.

Trnstee8' Annual Report (continued) Yeqr ended 31 December 2024 StAtement of Truslees, Responsibilities The Trustees are responsibSe for weparing a Tr[L￿t￿, annual report and financial statements in accordance with applicable law and United Kin8dom ACCO￿ltIng Sta￿dards (United Kin8dom Generally Accepted Accounting Prartice). The law applicable to charities in Scotland requires the charity trustees 10 prepare financial statements for each year which show a trl￿ and fatr view of the state of affairs of the charity and of the incoM?ing resources and application of resources, of the charity for that ￿riod. lii preparing the ruwicial stAtements, the Trustees are required to.. select suitable accounting N)licies and then apply them COTL8isÉently: observe the methods and principles in the applicable Chariti&s SORP. n￿ke judgments and estimales that are reasonable and pruden¢ slate whether applicable accoLmtiiig standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statments. and prepare thc financial ststements on the going concem basis unless it is inappropriate to presume that the charity will continue in operational existence. The Trnstees are restx)nsible for keeping proper accounting recoTds which disclose with Monable accuracy at any time the financia] w)sition of the charity and to enable them to ensure that the financial statements comply with the Charities and Ttustee Lnvestmenl (S¢otland) Act 2005 and the Chariti&8 Accounts (Scotlw)d) Regulations 2006 (as amended). They are also r&S￿nSIble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other itregularities. ApuroveAI by the Trn￿ees and signed on their behalf. 10 Ma]rh 2025 12

SC(K14291 Illde￿￿dent Exan￿￿￿8 Report to the Trustru of Edlnknryh: Goryle And P8lmenton Hace Parish Churth of ScodaDd I rqjort on the a￿1￿$ of tk c￿￿rity for the y¢ar ¢nded 31 tkc¢mb¢T 2024, which ore set out on pa￿S 14 to 24. Res￿l1¥e tt4)onslbllhles oftru41tts and etsminer The ¢harity'S thistes responsible for the preparation of the accounts in a¢¢¢￿An￿ with the temis of the Charities and Trnstee Investment (Sccéland) Act 2(K>5 alld the Accounts (Scotland) Regulations 2(M)6 (as annded). charity trustes consider the audit requirement of ￿gulatIOn IIKI) (a) to (c) of the A￿￿lts Regulations does notappty. h is my resp￿sibil￿ to examine the a¢¢(￿nts under seclion 44(1)(¢) of tr¢ Aci and io stht¢ whether ￿ni￿14r matt¢r$hav¢ wmeto my att¢rttion. ￿￿18 of inde￿￿knt eumitter'8 Statement examination is carried out in accordan¢e with Reg￿￿tion 11 of the awities A¢¢(￿llts (Scotland) R¢gulations 2(M)6. An ¢xamina¢iort incl￿1¢& a r¢vi¢w of th¢ xcorntin8 rwrds kept by the charity a comparlson of the accourts Ffesented with those records. It also inclwjes consid¢Tation of any wmsual items or disclosure5 in the a¢¢ounts. and seeking explanation5 from the thts￿s concerning any s￿h matws. The wjcedur¢s undettsken do noi provi& 0111h¢ ¢vidence that would i requiTed in an ￿￿11[ and CO￿5eqUentty I do not express an audtt opinion on the a¢courtts. llldewident examlner's statement In course of nry examination of the a¢ement of ￿¢0￿￿1 for the year eJKled 31 D#ember 2024. nomait¢r has cotlle ts) my att¢ntion '. hi¢h gives me rtag)nAble Cause to beli¢v¢ that in any MI￿rial respc¢t th¢ requirements.. to keep accounting records in axordancc with S¢¢tion 44 (1)(a) of the Chariti¢S and Trustee Investsnents (Scotland) Act 21K)5 and ReBulalion 4 of The ChaTities ACCOU￿ (Scodand) RegUl￿lOnS 20[￿ (as anThded), and pre￿e xcounts wh￿b accord with the aCcO￿t￿l8rcc0Td88ttd comply with Re￿Id￿}ll 8 of the 2006 A¢cowits Re￿8110 have not to whKh. in my opinion, attention should be drawn in order to enable a F￿Per u￿rstan1￿n¥ c{thea¢ci￿nt$ to b¢ r¢acld. artered Accowitan( Maclachian & T1￿ aifton H(￿￿¢, Crniwd Rogd CTieff PH7 4BN [/ 13

Edinburgh: Gorgie and Palmerston Place Parish Church of Scotland Statement of Financial Activities (incorporating an income and expenditure account) Year ended 31 December 2024


Year ended 31 December 2024
Income fom:
Donations and legacies
Other trading activities
Investment income
Other charitable activities
Total income
Expenditure on:
Costs of raising fnds
Charitable activities
Jotalexpenditure
Net income/(expenditure) befre
gains/losses on investment
Net gains/(losses) on investments
Net income/(expenditure)
Transfrs between fnds
Net movement in funds
Total fnds brought forard
Total fnds carried frward
Note
1
2
3
4
5
15
15		 Unrestricted Designated
Funds
Funds
2024
2024
£
£
182,636
7,833
170,296
18,389
15,869
96,563
387,190
104,396
743
390,103
198,573
390,846
198,573
(3,656)
(94,177)
24,353
(3,656)
(69,824)
3,656
(3,726)
-
(73,550)
2,769,022
-
2,695,472
Restricted
Funds
Total
2024
2024
£
£
6,763
197,232
-
170,296
48
18,437
112,432
6,811
498,397
743
6,264
594,940
6,264
595,683
547
(97,286)
197
24,550
744
(72,736)
70
814
(72,736)
45,159
2,814,181
45,973
2,741,445		 Unrestricted DesignatedRestricted
Funds
Funds
Funds
Total
2023
2023
2023
2023
£
£
£
£
203,421
12,103
6,875
222,399
153,515
-
153,515
8,864
8,306
43
17,213
2,931
10,009
12,940
387,190
743
390,103		 368,731
30,418
6,918
406,067
365,605
23,339
37,106
426,050
365,605
23,339
37,106
426,050
3,126
7,079
(30,188)
(19,983)
-
48,831
154
48,985
3,126
55,910
(30,034)
29,002
(7,678)
(10,154)
17,832
0
(4,552)
45,756
(12,202)
29,002
4,552
2,723,266
57,361
2,785,179
0
2,769,022
45,159
2,814,181
390,846
(3,656)
(3,656)
3,656
-
-

14

Edinburgh.. Gorgie and Palmerston Place Parish Church of Seotland Balallce Sheet 2024 Unrestrtcted Restricted ote 2023 Totsl UnrestrKted Restricted Totsl Fixed Assets Tangibl¢ Fixed wets 8 2,217.949 Illvethents 459 787 2.677,736 2.217,949 2223.932 1284 462,071 516.734 2.284 2.680,020 1740.666 2.223.932 2,087 518,821 2.087 2.741753 CurTellt knsets St(Kk (Sa]lyard Café) Debto Bank and ¢ash 500 10,575 73.092 84,167 500 10,603 116.753 127,856 500 9,849 44,522 54,871 500 9,849 87.594 97,943 io 28 43.661 43,689 43,072 43.072 Creditors FallinB du¢ within one year li (66.431) (66.431) (26.515) (26.515) Net Current Assets 17,r?6 43,689 61,425 43,072 71.428 Net Assets 2.695,472 45,973 2.741,445 2.769,022 45.159 2,814,181 Unrestrieted Fullds IS General fiujds DesI￿ated fund8 2,695,472 2.695,472 2,695,472 2.695.472 2,?69,￿22 2,769,022 2.769,022 2.769,022 Restricted Funds Is 45.973 45.973 45.159 45.159 Totsl Futtd 2.695 472 45,973 2,741,445 2 769.022 45 159 2814 181 Tlie acL7)unts were approved by the Kirk Session on 10 March 2025 and signed on thew behatf by: 15

Edinburgh: Gorgie and Palmerston Place Parish Church of Scotland

Accounting Policies

The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) and the Financial Reporting Standard applicable in the UK and Republic ofireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).

The organisation constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the fundamental currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going Concern

The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern as sufficient reserves are available and the future activities of the charity can be adapted to the available income.

Funds

Funds are classified as either restticted funds or unrestricted funds, and defined as follows:

Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

16

Edinburgh: Gorgie and Palmerston Place Parish Church of Scotland

Accounting Policies (continued)

Income (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt. In accordance with the Charities SORP (FRS 102) the general volunteer time of congregation members is not recognised.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or appo1tioned to the applicable expenditure headings.

Tangible fixed assets

The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Gorgie Church and Halls at 190 Gorgie Road, Edinburgh (this is a B listed building), the former church at 158 Dairy Road (home of our Saltyard Cafe), 537-539 Gorgie Road (also a B listed building which is known locally as 'Diadem') and the manse at Myreside Road, Edinburgh, which are all vested in the Church of Scotland General Trustees. No consideration is payable for the use ofthese assets. Expenditure incurred on the repair and maintenance of these assets is charged as expenditure in the Statement of Financial Activities in the period in which the liability arises.

The Palmerston Place Church building, two townhouse buildings adjoining the church used as meeting rooms and office accommodation (known locally as 'Annan House') and the manse in Cluny Gardens are held in trust currently for the benefit of the congregation. The properties are carried at deemed cost, other than the church building which is a listed heritage property and has not been brought into the accounts due to the difficulty in obtaining a valuation on a continuing use basis. The properties are not depreciated as the residual value is considered to be in excess of the carrying value.

17

Edinburgh: Gorgie and Palmerston Place Parish Church of Scotland

Accounting Policies (continued)

Tangible fixed assets (continued)

All tangible fixed assets costing in excess of £5,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives:

Freehold buildings

Freehold buildings These are not depreciated as the residual value is considered to be in excess of the carrying value. Fixtures, fittings and office equipment 5 years Musical Instruments 10 years

Investments

Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.

Taxation

Edinburgh: Gorgie and Palmerston Place Parish Church of Scotland is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at the Bank of Scotland, TSB, Santander and with the Investors Trust.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Creditors

Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

18

Notes forming part of the financial statements Year ended 31 December 2024

Yearended 31December2024
Unrestricted DesignatedRestricted
Funds
Funds
Fuuds
Total
2024
2024
2024
2024
£
£
£
£
Income from donations and legacies
Offerings
146,041
146,041
Tax recovered on Gift Aid
31,158
31,158
Legacies
Other donations
5,437
1,000
1,843
8,280
Grants
6,833
4,920
l l ,753
182 636
7 833
6 763
197 232
2Income from other trading activities
Sales of Goods at Sa\tard
57,634
57,634
cafe
Use of Premises
97,382
97,382
Let ofManse
15,280
15,280
170,296
170,296
3Investment iucome
Dividends received
17,771
48
17,819
Deposit and bank interest
618
618
18 389
48
18 437
4 Income from other charitable activities
Weddings and Funerls
1,150
1,150
Concerts & Fringe shows
2,553
2,553
Book sales
Christmas party
Other
3,161
3,161
Receipts from General
9,005
96,563
105,568
Trustees
15,869
96,563
112,432		 Unrestricted Designated Retricted
Funds
Funds
Funds
Total
2023
2023
2023
2023
£
£
£
£
156,992
103
100
157,195
34,726
34,726
5,000
12,000
17,000
6,703
3,275
9,978
3,500
3,500
203 421
12 103
6 875
222 399
58,657
58,657
78,682
78,682
16,176
16,176
153,515
153,515
8,351
8,306
43
16,700
513
513
8 864
8 306
43
17213
1,938
1,938
601
601
392
2,118
2,510
7,891
7,891
2,931
10,009
12 940

19

Notes forming part of the financial statements Year ended 31 December 2024

Unrestricted Designated Restricted Restricted Unrestricted Designated Restricted
Funds Funds Funds Total Funds Funds Funds Total
2024 2024 2024 2024 2023 2023 2023 2023
£ £ £ £ £ £ £ £
sAnalysis of Expenditure
Costs of Raising Funds
Offering Envelopes and costs relating
to the recovery of gif aid
Card and bank charges 743 743
743 743
Charitable Activities
Giving to Grow 115,236 115,236 137,248 137,248
Presbytery Dues 2,959 2,959 3,081 3,081
Ministerial Expenses 1,024 1,024 1,019 1,019
Car parking space 2,500 2,500 2,500 2,500
Pulpit Supply 200 200 340 340
Salary costs 46,212 44,532 4,500 95,244 55,806 29,488 85,294
Sa!tyard cafe salary costs 45,936 45,936 32,496 32,496
Cost of goods sold at 15,259 15,259 16,350 16,350
Saltyard cafe
Other Saltyard costs 13,436 13,436 11,l 18 11,118
Manse re11tal costs 5,515 5,515 6,531 6,531
Fabric Repairs & 18,730 152,258 360 171,348 25,173 15,786 3,481 44,440
Maintenance
Council Tax
Other Bui!dings Costs 84,305 84,305 56,151 56,151
Church Office Expenses l 8,981 18,981 6,319 6,319
Organ, Worship & Flowers 4,935 1,783 559 7,277 2,193 1,570 1,010 4,773
Youth work 1,062 15 1,077 205 205
Other expenses 1,115 37 1,152
Independent Examiner's 1,410 1,410 528 528
Fee
Costs of events and 6,077 6,077 6,887 100 6,987
outreach
Depreciation 5,983 5,983 5,983 5,983
Remitted to others charities
343		 830 l,173 750 2,785 3,535
390,103 198,573 6,264 594,940 365,605 23,339 37,106 426,050
Total 390,846 198,573 6,264 595,683 365,605 23,339 37,106 426,050

Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.

20

otts formlhg Plrt of the (knne41 ststements Y¢4r ethdtd 31 D¢¢tmber 2024 2fy14 2tQ3 6 St4ifrfjsts aod R¥mLrJ $318fb% and WA8 krylwAWity trJSts ?38.323 2&2 1.672 923 115?08 OdbBf rw 367 117.791 Tothl sknffjslarywti repr£￿t MinwteIi4 ￿Or Uryear LthrJtotY¢NtsiTr 5. No e£Dployqa had ¢mphWt￿tkn kn ex¢e&% of £69,OCIJ (2ff23.' ￿￿¢). The wmLwof &npkyJeu the )w. cablad rfkn￿d Lwlli A% fou0￿￿{￿f ir•pwt Ennel 2024 2023 Ini￿e￿ill1￿pF￿rt Mu$Ic$i￿r AdiniDiltrdlM& pAmi8x mlirterl8r￿t 10 All chL￿ ofscL¥Ja￿ cowiiowtojttrib￿t1O tb4NDtionalStyJd Fwd wknh b￿￿the£￿I¥0[￿U￿?MJk#trf Stir￿2 vJ IW5 ¢onth￿l10T6 for Ntional and h(USinRand ban Min>ki& are ￿￿1 li attorthDir Wdh thc mt￿81 sur￿1 2cal4 whth v& reld tsyears of For the￿ rc%iew the min￿)￿￿ Sil￿￿￿ wao nl.642 PQ3.. £28.7001 and trrt m)¥1￿￿M stiwd (m the ftrth aadsutttQ￿ll1 )wr$l %)8,8￿(2025.. £37,032). 7 Tnet RranNnBrtkn Iud ReJAtsdP•rty Yew%tdIellnbuFgBd ts8veL tderAlf￿0￿m￿ry exprnej I￿￿011￿8 kn £96)12ts23.. £W}. T ¢d nimburd tra%I.1d¢￿th and 5thJry a￿￿￿￿¢%￿810￿m￿I{2o25'. E40) 0 15 a Il3 Ikprp<i¥tlo AtlJJth C￿ryt l¢vyegt&Vtpn diw¥oJ) At 31 rknmkr 41316 5.983 48 K2.305 5.983 36.322 5,983 05 36322 5.983 42 05 kV*lM¢ At 31 D￿1b 17

Notes forming part of the financial statements Year ended 31 December 2024

9 Investments
Market value at 1 January
Additions/ {disposals)
Unrealised (loss)/gain on investments
Market value at 31 December
Investments at cost
The investments are carried at their fir value.
The following investments are held:
Church of Scotland Investors Trust Growth units
Church of Scotland Investors Trust Income units
Other equities & investment trusts at cost £49,588 (2023: £52,737)
10 Debtors
Gift Aid Tax Refund Due
Sundry debtors
11 Creditors
Accruals & outstanding invoices
Other creditors (including taxation & social security costs)
12 Collections and fundraisiug fr Third Parties
Wycliffe Bible Translators
Christian Aid
Chogoria Hospital
Red Cross
Operation Christmas Child {Shoeboxes)
Fresh Start
Other appeals		 2024
£
518,821
(81,300)
24,550
462 071
223 435
No,
19,507
9,500
2024
£
7,424
3,179
10 603
2024
£
66,30i
130
66 431
2024
£
600
220
193
330
280
1,623		 2023
£
504,185
(34,349)
48,985
518 821
281 914
No.
23,007
14,632
2023
£
5,994
3,855
9 849
2023
£
25,576
939
26 515
2023
£
600
660
2,275
3 535

Since Covid�l 9, the congregation has been encouraged to give directly via electronic means to causes.

13 Analysis of Net Assets Among Funds
2024 2024 2024 2024 2023 2023 2023 2023
General Designated Restricted Tot:l Generl Designated Restricted Total
£ £ £ £ £ £ £ £
Fixed Assets 2,217,949 2,217,949 2,223,932 2,223,932
Investment 459,787 2,284 462,071 5 I 6,734 2,087 518,821
Current Assets 84,167 43,689 127,856 54,871 43,072 97,943
Current Liabilities (66,431) (66,431) (26,515) (26,515)
Net assets at 31
December 2 695 472 45 973 2 741 445 2,769 022 45,159 2 814J81

14 Volunteers

Ia common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied, and much of the activity would be unable to continue were it not for the commitment shown.

22

Notes forming part of the financial statements Year ended 31 December 2024

15 Movements in Funds
Current year
Restricted funds
Missionaries Fund
Youth Work Fund
Outreach Fund
Shoebox Fund
Kitchen Fund
Green Fund
Ministerial Assistant (restricted)
Facilities Refresh Fund
Technology Fund
Fund for Pew Bibles & New Music
Chogoria Fund
Christian Aid/other
Dementia Ftmd
Flower Fund
Other Restricted Funds
March Trust
Unrestricted funds
Designated funds
Designated Fabric Fund
Designated Reserve Fund
Designated Music Fund
Designated Property Fund
Designated Ministerial Assistant
General Current Fund
Total funds		 At 1 Jan
Investment
At 31 Dec
2024
Income
ExpenditureTransfers
gain/(loss)
2024
£
£
£
£
£
£
320
320
819
(15)
804
7,783
7,783
500
570
(330)
740
20,331
50
20,381
2,819
(360)
2,459
4,500
(4,500)
4,475
4,475
685
685

682
682
150
(220)
70
470
(280)
190
1,781
1,781
2,099
1,073
(559)
2,613
420
420
2,395
48
197
2640
45,159
6,811
(6,264)
70
197
45,973
35,000
89,594
(152,258)
167,664
140,000
528,128
(201,619)
24,353
350,862
5,894
(1,783)
499
4,610
2,200,000
2,200,000
14,802
(44,532)
29,730
2,769,022
104,396
(198,573)
(3,726)
24,353
2,695,472
387,190
(390,846)
3,656
2,814,81
498,397
(595,683)
24,550
2,741,445

Puruoses of Restricted Funds

Missionary Fund: This fund is available to support missionaries associated with the congregation who are serving in the mission field.

Youth Work Fund: This fund is available to support the cost of appointing a youth worker and related staff costs. Outreach Fund: This fund represents tbe unspent element of the part of a legacy designated as available for outreach work. Shoebox Fund: This fund represents donations received for the purpose of filling shoeboxes and sending them to children in need through Samaritan's Purse.

Kitchen Fund: This fund represents donations received for the pl1rpose of maintaining the Kitchens for feeding Homeless People.

Green Fund: this was initally set up as one of the projects identified as part of the National Giving Day & is to be used toyvards green projects.

Ministerial Assistant Fund; this was initally set up as one of the priorities identified as part of the National Giving Day & is for funding a Ministerial Assistant or similar role. This fund also includes a £4,50 (2023: £3,500) grant from the Dean Fund of Edinburgh Presbytery which was recceived towards our Ministerial Assistant post. This fund has restricted and designated elements hence shown under two headings above.

Fabric Refresh Fund: this was initally set up as one of the priorities identified as part of the National Giving Day & is for renovations/ upgrading/maintenance of buildings on Palmerston Place.

Technology was another priority identified as part of the National Giving Day which is represented as a separate fund. Fund for pew bibles and new music: this fund comprises donations to fund the purchase of pew Bibles and new music for choir and congregational use.

23

Notes forming part of the financial statements Year ended 31 December 2024

15 Movements in Funds (continued)

Purnoses of Restricted Funds (continued)

Chogoria fund: this comprises donations for the Chogoria Hospital in Kenya.

Christian Aid and other charities: this represents funds given or fundraised for Christian Aid and other charities. Dementia fund: this represents funds given or fundraised to support dementia projects within the church. Flower Fund: This is a fund to provide flowers for display during services of worship. Other Restricted Fund: This is a small mission grant from Presbytery to trial 5pm family focused church service on Sunday afternoon.

March Trust: this comprises a legacy that is to be used to support members and adherents of the Church who are studying for the ministry.

Purposes of Designated Funds

General Reserve fund: the unrestricted reserves of the Church are set aside in this fund, apart from the current General Fund, where the income and expenditure for the year are accumulated. Property fond: the value of the property included in the balance sheet is set aside in this fund. Fabric contingency fund: this fund has been set aside to cover the cost of large unexpected fabric expenditure that cannot be met from the income of one year. Where specific donations were not received towards the costs referred to under 'fabric fund' above these costs are shown within this fabric contingency fund.

Music fund: the proceeds from the sale of the old grand piano were agreed to be set aside to be used for upkeep and maintenance of the Palmerston Place grand piano as well as a legacy being received oftbe upkeep and maintenance of the Palmerston Place organ. The organ legacy vvas fully expended this year so from 2025 this fund will only relate to the grand piano,

Transfers: all transfers were agreed by Kirk Session and in line with the relvant fund criteria.

Previous year
Restricted funds
Missionaries Fund
Youth Work Fund
Outreach Fund
Shoebox Fund
Kitchen Fund
Green Fund
Ministerial Assistant (restricted)
Facilities Refresh Fund
Technology Fund
Fund for Pew Bibles & New Music
Chogoria Fund
Christian Aid/other
Dementia Fund
Flower Fund
Garden Fund
March Trust
Unrestricted fnds
Designated funds
Designated Fabric Fund
Designated Reserve Fund
Designated Music Fund
Designated Property Fund
Designated Ministerial Assistant
General Current Fund
Total funds		 At 1 Jan
2023
£
320
634
7,783
500
23,207
2,819
8,156
4,475
685
682
1,262
339
1,781
2,483
37
2,198
57,361
35,000
462,527
7,395
2,200,000
18,344
2,723,266
4,552
2,785,179
Income
£
390
100
605
3,500
1,013
641
626
43
6,918
30,418
30,418
368,731
406,067
Expenditure Transfrs
£
£
(205)
(100)
(3,481)
(29,488)
(2,275)
(510)
(1,010)
(37)
(37,106)
(5,370)
(16,468)
(1,501)
(23,339)
(365,605)
(426,050)
17,832
17,832
5,370
2,820
(18,344)
(10,154)
(7,678)
Investment
gain/(loss)
£
154
154
48,831
48,831
48,985
At 31 Dec
2023
£
320
819
7,783
500
20,331
2,819
4,475
685
682
470
1,781
2,099
2,395
45,159
35,000
528,128
5,894
2,200,000
2,769,022
2,814,181
35,000
462,527
7,395
2,200,000
18,344
2,723,266
4,552
2,785,179
30,418
30,418
368,731
406,067

24

APPENDIX

FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES

CAPITAL ACCOUNT
Credit Balances held at 31 December at cost
Market Value of Balances at 31 December
REVENUE ACCOUNT
Credit Balance at 31 December
TEMPORARY ACCOUNT
Credit/(Debit) Balance at 31
Consolidated Fabric Fuud Capital Account Detail:
Balance at 1st January 2024
Realised gain on investments
Book Value
£
295,717
21,145
Movement in value of investments during:
Manse Refrbishment Costs Reimbursed
Balance at 31st December 2024
(81,761)
235,101
2024
£
235,101
306,238
11,635
(2,712)
Market Value
£
364,514
23,485
(81,761) *
306,238		 2023
£
295,717
364,514
23,807
(2,463)
Consolidated Fabric Fund Revenue Account detail:
Income
Interest received
Dividends received
Expenditure
Reimbursed to Congregation
*
General Trustees Admin. Expenses
Surplus (Deficit) of income against expendit1
Balance at !st January
Balance at 31st December		 2024
£
2,456
10,020
12,476
23,807
841
24,648
(12,172)
23,807
11,635		 2023
£
189
10,412
10,601
7,891
360
8,251
2,350
21,457
23,807