2025-08-31-accounts - Central

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Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO () CENTRAL Report of the Trustees and Financial Statements For the year ended 31 August 2025

Docu8ign Env6lope ID. F3ED391A-F776-8B6E-824A-129C20C612CO CENTRAL Report of the Trustees and Flnanclal Statements For the year ended 31 August 2025 Contents Report of the Trustees Independent Auditors, Report 8-11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 15-24 Charity No.. SC005871

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Rèport of the Trusteès The trustees have pleasure in presenting their report for the year ended 31 August 2025. Objectives and artivities Central, which was previously called Morningside Baptist Church, is referred to within this report as the Church. The Church is an unincorporated charity, formed for the worship of God and the promotion of the evangelical Christian faith and is a member of the Baptist Union of Scotland. There have been no changes to the charitable purposes since the last annual report. Our vision as a church is to serve the City of Edinburgh. Our goal is to make disciples of Jesus Christ. Achievements and Performance At Centr31 we are as committed a5 ever to our vision to Serve the city, to love one another 35 a church family and to dedicate our lives to worshipping and following Christ. We continue to have three gatherings each Sunday (except for the last Sunday in the month where we meet around the city in various community groups and allow the teaching of Jesus to shape how we live today). We currently have around 20 communitie5 that meet several times each mtsnth ènd on the last Sunday tsf the month. These communities are varied but endeavour to support one another in living out the teachings of jesus and fulfilling the wider church vision. The church family ha5 been encoLJraged by 6 of our 5tudent5 and youth choosing to be baptised as a public declaration of their faith. We have also been encouraged by the number of people engaging with church meetings and helping to shape our future plans. We have continued to see large engagement with our young people's ministries and care ministries. We have seen around 80 students call Central their church this past year with some form of ongoing commitment or involvement in artivities. We prayed for a number of graduating students who have now dispersed around the ountry with a core number remaining in the city and maintaining their connection with Central. The church family came together for a Imeekend at Home. event in October 2024 with a Friday night party and teilidh to celebrate 130 years of Morningside Baptist Church/central. We were able to reflect on the faithfulness of God to us through the story of the generations of one family, though it wa5 great to also interview other church members who could share something of the faithfulness of God as they have grown in faith and service at Central. We hosted a children's Easter trail event at Blackford hill which gave a good opportunity to interact and serve a small part of the local community and seemed to be well received by those inside and outside the church. For around ten years we have been serving and developin8 relationships with a group of New Scot families. This year we have been encouraged that their children are beginning to connect with our church familv through tsur Friday night youth group.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statements Forthe year ended 31 August 2025 Report of the Trustees Icontinuedl Achievements and Performance Icontinuedl Our Care ministries continue to 80 from strength to strength and are increasingly a source of support and encouragement for people experiencing poverty in our city. The Clothesbank*, SoulFood meal, CAP ministry, Parish Nursing Ministry, Counselling service and the Church café serve hundreds of people each week. It is both fantastic to meet so much need but alsts alarming to see first-hand how poverty is incre85ing. Presented in numbers.. Care Ministry Area Numbers of note Parish Nursing Service (accredited by Parish Nurses Ministry UKI 393 Supportive contact with individuals in 2025 Central Ctsunselling Service lorganisational members of BACPI 954 Counselling sessions offered CAP (Christians Against Poverty) Debt Centre £14.333.20 worth of debt cleared among 30 Clothesbank+ 16,719 items of clothing, shoes and bedding given away Cafe 1700 free soup lunches, many more hot drinks Soul Food In excess of 2700 meals labout 60 meals provided on a weekly basis) These nLJmbers, of course, only give an overview of what 15 happening through our care ministries. So many lives are being impacted, sometimes in small ways, such as a coat given to someone on a cold day or a hot meal on a week where food has been hard to come by. But so often the impact goes deeper than this. One Soul Food guest recount5 how they were not only given 3 meal, but a place to belong. CAP client5 describe being given the freedom to live life to the full, having been Set free from the trap of debt. It is a true privilege to be able to seNe our city through these ministries and one we look forward to continuing into the year to come. We have also seen challenge and transition in the past year. In April 2025 the Lead Pastor was relieved of his duties by the eldersltrustees and as such was removed as a Trustee of the tharity.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statements Forthe year ended 31 August 2025 Report of the Trusteès Icontlnuedl Achievements and Performance Icontinuedl Two other SLT staff members, a married couple, gave notice of leaving having secured a call as Lead Pastors with Abbeyhill Baptist Church in Edinburgh at the beginning of the calendar year. They left in April 2025. This Was a time tsf sadness at the loss of two staff members who had served at Central for over ten years, along with joy for them a5 they followed God's calling in their lives. The call to Abbeyhill was extended to others in Central to follow the couple to help build up, encourage and revitalise the congregation there. This is in line with Central's aim to see multiplication of communities of God's people in Edinburgh and beyond. Around ten household5 felt called to move to Abbeyhill and in May they were sent with the Central's blessing and prayers. This gave the eldersltrustees an opportunity to re-organise their leadership and governance structure. In 3ddition to the one remaining Senior Leadership Team ISLTI mernber, one staff member 15 Acting Up into the SLT team. The SLT roles and responsibilities have been reviewed and they have taken on additional responsibilities on a temporary basis. A new operational executive SLT group of three eldersltru5tees and the two SLT staff member5 ha5 been established. This group 15 responsible for the day-to-day operational deliverv of the charity and reports to the wider elderltrustee group. This allows for day-to-day delivery decisions to be made quicker. and the whole elder/trustee group to focus on wider strateÉy. vision and projects, along with providing accountability and scrutiny of the operational delivery group. Financial Review Overall, there was net expenditure of £28,819 for the year12024'. net income of £29,892) with net expenditure on unrestricted funds of £41.967 12024.. net inctsme of £66,120), net expenditure ()n designated funds of £40,56712024.' net expenditure of £40,5671 and net income on restrirted funds of £53,71512024.' net income of £4,339). The main difference in the results this year compared to last is a decrease in donation income and an increase in administrative costs. The Church continues to aim for a balanced budget. In August 2025 the Trustees approved a budget with income of £654,671 with a deficit of £26,084 which was presented to and agreed by members in September 2025. The Trustees are grateful for the continued generosity of members giving regular donations. Work continues to communicate the self-funding nature of the church and enctsurage those members and other5 who consider Central to be their church to review existing giving or start giving regularly. Efforts will also continue to be made in cost management, ideally seeking to balance the budget.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Report of the Trustees Icontinuedl Reserves policy The trustees are conscious of the need to maintain SerVeS sufficient to enable the Church to pay debts as they fall due whilst not accumulating more funds than are necessary. The current policy is to hold no less than the budgeted expenditure for two months, expenditure. This equates to £113.460. Excluding fixed a55ets, there is free reserves at 31 August 2025 of £164,34012024.. £213,399). This Is above the Church's reserves policy as efforts continue to be made to balance the income available through donations with the cost of managing the Chureh and its activities. Taxation The Church is a registered Scottish charity and is recognised a5 such by the Hi5 Maje5tV'5 Revenue and CLJStoms for taxation purposes. Accordingly, the Church is exempt from tax on income and gains to the extent that these are applied to the charitable object5. No tax charges htve arisen in the charity. Strurture, governance and management The Church wa5 formed on 7th October 1894 by Rev J Cumming Brown and nineteen members. The principles on which the Church was formed are contained in a Covenant agreed at the meeting on 7th October 1894 which is in the relevant Church Minute Book. The Church has a written constitution which has been approved by the Church members and by the Office of the Scottlsh Charrty Regulator IOSCRI who have a copy of the constitution. Trustees Gareth Clegg (resigned September 20251 Glenda Wintour (resigned january 20251 Duncan Brown Don Palmer (removed April 20251 Amanda Hamilton Peter Hsu Iresigned September 20251 Katy Pudnev Jonathan Wright Scott Watson Robin Nelson lappointed March 20261 Lincoln Rozelle lappointed March 20261 Kirsty Watkins (appointed March 20261 The overall leadership structure comprises the elerted elders/trustees who are responsible for the spiritual oversight of the Church along with the Senior Leadership Team ISLTI led by the Lead Pastor. The ultimate responsibility for the charity rests with the elders/trustees who delegate operational responsibility to the SLT, the wider staff team and other volunteers. The eldersltrustees determine the remuneration of the key management personnel.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Report of the Trustees Icontinuedl To ensure financial oversight the eldersltrustees have formed a Finance Committee comprising two elders/trustees, two members of the SLT and the Church accountant. They review salary proposals for all staff which have been prepared by the SLT and Accountant. Any salaries where members of that committee have a conflict are discussed and agreed without them present. Reeruitmènt, appointmènt, induction and training of Trustees The eldersltrustees are democratically nominated and elected from the membership on a rolling three year basis on the votes of the Church members. For governance purposes they are also trustees of the Church. New elder5/trustees are given a pack of information on the charity and OSCR guidance explaining their role and specific responsibilities as a trustee. They are developing further annual updates and training on their role as trustees. The present eldersltrustees hold the building for the use of the congregation. They are responsible for dealing with Church property and are the custodian trustees in term5 of the SORP (Statement of Recommended Prarticel. The eldersltrustees and staff are considered to have the necessary skills and attributes to fulfil their roles. The Church receives a range of willing, voluntary help, without which many of it5 activitie5 would be curtailed or impossible to run. Risk management The Trustees maintain a Risk Register which is amended as risks are identified and managed and reviewed annually. The key risks facing the Church and mitigating factors include.. Financial Controls.. the trustees ensure that suitable financial controls are in place and these are checked 3nnually as part of the external audit. Vulnerable Groups.. The church operates a strict recruitment policy for all volunteers prior to involvement with children or vulnerable adults, and compliance is monitored. All individuals working with vulnerable groups are required to join the Protecting Vulnerable Groups IPVGI scheme. Major Decisions.. All major projects are discussed and 3pproved by the elders and the Church members in meeting prior to implementation. Plans for future periods In the year ahead here at Central Church we are looking to support our community as we work to Love Edinburgh, Be Family and Follow Jesus. We continue to reach outside of our walls through our Care Ministries and our Communities who meet across our city and aim to share the love of Je5U5 in both word and deed. We are looking to increase overlap between our Sunday gatherings and the connections made in our scattered spaces, whether Care Ministries or Communities. We long to point these contacts to jesus and invite and include them in the gathered family as we learn to follow le5U5 together.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Report of the Trustees Icontinuedl Plans for future periods Icontinuedl We continue to meet together regularly as part of our commitment to Being Family and to equip us for our missional activities wherever we find ourselves during the week so that we may both Love Edinburgh better and follow Jesus better. We also continue to be aware that we need to maintain financial vigilance as we consider recruitment and staffing costs as we are mindful of our income levels through primarily giving, and income from hire of the building. Ultimately, though, we seek to be good stewards of all the gifts from our members and friends, and ultimately God, and therefore closely monitor both income and expenditure against budget throughout the year. We are in a season of renewal in many areas of church life.. training the teams who run our gathering,. re- establishing a Prayer and Prophecy team,. making preliminary steps towards renewing our senior team with 5UPPOrt from the Baptist Union of Sctstland. The difficult decision has been made to move our weekly Soul Food meal to a monthly one. We had difficulty finding enough volunteers every week to fulfil its full purpose of 'beinE more than just a meal, and building community. However, by moving to a monthly meal we believe we will be able to feed our guests whilst spending time with them, deepening the impact of what we are able to do. We are thrilled at how Significant our externally funded Parish Nursing Ministry ha5 underpinned and supported our other care ministries. We will be working to secure funding to maintain this vital ministry beyond August 2026. In addition to considering senior staffing we are anticipating the appointment of additional elders/trustees at our AGM in March 2026. We look forward to broadening the leadership team with these new appointments 3nd are praying ahead of the meeting that God would prompt those he ca115 to Serve in this capacity as we continue through a transitional season. We are, and will be, continuing to work towards becoming a SCIO in the coming years. We do not anticipate this will be a quick piece of work that will be completed in 2025-26 as our primary focus will be on renewing our leadership team through elder elections and recruitment. However, we look forward to considering godlv governance and best governance practice a5 we initially seek to review and renew our constitution a5 first steps on the road to becoming a SCIO. Reference and administrative detail Charity Name Central Charlty Number SC005871 Church Office and Principal Address Central Hall, 2 West Tollcross. Edinburgh, EH3 9BP Auditors MHA, 6 St Colme Street, Edinburgh, EH3 6AD Bankers Bank of Scotland, 8 Morningside Road, Edinburgh

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Report of the Trustees Icontinuedl Trustees. responsibilities statement The trustees are responsible for preparing the Report of the Trustees. and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. selert suitable acctsunting policies ènd then apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS 1021.. make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departtJre5 disclosed and explained in the financial ststements,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements complv with the Charity and Trustee Investment5 (Scotlandl Act 2005 and the Charities Account5 IScotl3ndl Regulation5 2006 las amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 5 May 2026 3nd signed on their beh31f by.. Icdl U)Af Scott Watson Trustee

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Independent Auditor's Report to the trustees of Central Opinion We have audited the financial statements of Central for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cashflows and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standzrds, including Financial Reporting Standard 102 The Financi(Jl Reporting Stand(7rd (7pplicable in the UK ond Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the fin3nci31 st3tements'. give a true and fair view of the state of the Charity's affairs as at 31 August 2025, and of the charity's incoming resource5 and application of resoLJrce5 for the period then ended., have been properly prepared in ateordance with United Kingdom Generally Accepted Atcounting Practice,. and have been prepared in accordance with the quIrementS of the Charities and Trustee Investment 1Scotlandl Act 2005 and regulation 8 of the Charitie5 Account51Scotlandl Regulations 2(Kl6. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obt3ined 15 sufficient and appropriate to provide a basis for our opinion. Contlusions relating to going Concèrn In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of 3ccounting in the preparation of the financial 5tatement5 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast 5ignificBnt doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statements Forthe year ended 31 August 2025 Independent Auditor's Report to the Trustees of Central Icontinuedl Other information The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon.The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other inf(>rm8tion and, except to the extent othenNise explicitly stated in our report, we d(> not express any form of assurance conclusion thereon. Our responsibilitv IS to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi5Statements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotlandl Regulations 2006 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Report of the Trustees.. or proper accounting records have not been kept-, or the financial Statements are not in agreement with the accounting record5,' or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the tru5tee5 are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that zre free from material mi55tztement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue 3s a going concern. di5c105ing, a5 applicable, m3tter5 related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Independent Auditor's Report to the Trustees of Central Icontinuedl Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 44llllcl of the Charities and Trustee Investment (Scotlandl Act 2005 and report in accordance with regulations made under that Act. Our objertives are to (>btain reas(>nable assurance about whether the finaneizl statements ès a whole are free frorn material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if, individually or in the aggregate, they could re850nably be expected to influence the economic decisions of users taken on the basis of these financial statements. We design procedures in line with our re5ponsibilitie5, Outlined above, to detect Material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularitie5, including fraud is detailed below.. Enquiry of management and those charged with governance around actual and potential litigation and claims,. Enquiry of charity management and those charged with governance to identify any instances of non- compliance with laws and regulations. Performing audit work over the risk of management override of controls. including the testing of journal entries and other adjustments for 3ppropriatene55, evaluating the rationale of significant transactions outside the normal course of the charity's activitie5 and reviewing accounting e5tirnates for bias,. Reviewing minutes of meetings of those charged with governance,. Reviewing financial statement disclo%ure5 and testing to supporting dotumentation to assess compliance with applicable laws and regulations. Because of the inherent limitation5 of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statement5, as we will be les5 likely to become aware of instance5 of non-compliance. The risk is also greater regarding irregularitie5 occurring due to fraud rather than error, a5 fraud involves intentional concealment, forgery, collusion. omission or misrepresentation.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Statement of Financial Activities Year ended 31 Aug 2025 Year ended 31 Aug 2024 Unrestrlrted Deslgnated Restrlcted Funds Fund5 Funds Notes Income from: Donations and legacie5 Charitable activities Other trading activities Investments Other income 449,686 111,655 104,905 4,974 113,260 1.204 562,946 112.859 104.905 4,974 623,223 108,288 72,337 3,143 10,000 Total income 671,220 114,464 785,684 816,991 Expenditure on: Raising funds Charitable activities 101.953 611,234 101.953 712,550 93.413 693,686 40,567 60,749 Total expenditure 713,187 40,567 60,749 814,503 787,099 Net lexpenditurellincome and net movement in funds 141,9671 140,5671 53.715 128,8191 29,892 Reconciliation of funds Total funds brought forward 17 246,599 1,555,354 23,098 1,825,051 1.795,159 Total funds carried fonvard 17 204.632 1,514,787 76,813 1,796,232 1.825.051 The Statement of Financial Activities includes all gains and losses in the period. All income and expenditure derive from continuing activities. The notes on pages 15 to 24 form part of these financial statements.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Balance Sheet Notes 31 Au8 2025 31 Aug 2024 Fixed assets 14 1,555.079 1.588.554 Current assets Debtors and prepayments Fixed term deposits Cash at bank and in hand 15 52.217 104,864 130,349 62.918 101,801 144,116 Total current assets 287,430 308,835 Creditors.. amounts falling due within one year 16 146,2771 172,3381 Net turrént assèts 241,153 236,497 Total assets le55 current liabilitie5 1,796,232 1,825,051 Total net assets 1,796,232 1,825,051 Funds Restricted funds Designated funds Unrestricted funds 17,18 17,18 17,18 76,813 1,514,787 204,632 23,098 1,555,354 246,599 Total funds 1,796,232 1,825.051 The financial statements were approved and authorised for issue by the trustees on 5 May 2026 and signed on their behalf bv.. cth U)d Scott Watson Trustee The notes on pages 15 to 24 form part of these financial statements.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Reconciliation of net lexpenditurellincome to net cash flow from operating activities 2025 2024 Net fexpenditure)/incomefor the year(¢75 per the SOFAJ Adjustments for: Depreciation Gifts in-kind Decrease in debtors IDecrezsel/increa5e in creditors Gain on sale of fixed assets Investment income 128,8191 29,892 49,875 49,904 6,000 5.921 45,765 iio,0001 13,1431 10,701 126,0611 14,9741 NetC95h provided by open7ting ortivities 722 124,339 Statement of cash flows 2025 2024 Cash flows from operating activities: Net cash provided by operating uctivities 722 124,339 Cash flows from Investlng actlvltles.. Investment income Fixed asset purchases Fixed asset sale proceeds 4,974 116,4001 3,143 4.000 Net cosh (used inJ/pmvided by investing activities 111,4261 7,143 Chunge In cash und cush equlvolents In the perlod 19 110,7041 131,482 Cash and cash equivalents at the beginning of the period 19 245,917 114,435 Cash and cash equivalents at the end of the period 19 235.213 245,917 Cash and cash equivalent5 comprise.. Fixed term deposits Cash at bank 104,864 130,349 101,801 144,116 235,213 245,917

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements l Atcountlng Polltles The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. Basls of Actountlng The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. statement of Recommended Practice applicable to charities preparing their financial statement5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities and Trustee Investment Iscotlandl Act 2006, the Charities Accounts Iscotlandl Regulations 2006 las amended) and UK Generally Accepted Accounting Practice. The financial 5tatement5 are presented in Sterling which is the functional currency of the ChLJrch 3nd rounded to the neared £. Central meets the definition of a publit benefit entity under FRS 102. Golng Contèrn The trustee5 have considered the impact of the current economic environment on the financial position and future performance of the charity. At the time of approving these financial statements, the trustees are confident that the charity has adequate funds to continue in operational existence. Steps have been taken to prevent further losses from arising. Trustees have therefore continued to adopt the going concern ba515 of accounting in preparing these financial statements. Income Income is recognised when the Church has entitlement to the funds. when it is probable that the income will be received and the am()unt can be measured reliably. Donations, legacies and similar incoming resources are included in the period in which they are receivable, which 15 when the Church become5 entitled to the resource. Income from charitable activities comprises rent31 income from groups with shared charitable purposes and income from community artivities which 15 recognised when the Church has delivered the service 3nd 15 therefore entitled to the income. Income from other tr3ding activttie5 comprise5 rental income from other users of the church premises, which is recognised in accordance with the use of the property, which is when the Church becomes entitled to the income. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the ChLJrch,. thi5 15 norm311y upon notification of the interest paid or payable by the Bank. Expendlture Expenditure 15 recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be dirertly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl l Accountlng Polltles leontlnuedl Expenditure Itontinuedl Expenditure on raising funds includes costs associated with generating income for the Church through rental of space within the church building. Expenditure on charitable expenditure includes costs incurred in supporting the ChLJrch in the delivery of its activities and services. Charitable expenditure comprises those costs incurred by the Church in the delivery of its activities and service5 for its beneficiarie5. It includes both costs that can be allocated dirertly to such activities, those costs of an indirect nature necessary to support them and an allocation of governance costs. Support cost5 are allocated between governance costs and other support Costs. Governance costs comprise those costs involving the public accountability of the Church and its compliance with regulations and good praetite. They therefore include the cost of statutory èudit. Other support COSts relate to the administrative costs of running the Church and are allocated to charitable activities accordingly. The Church is not gIstered for VAT and accordin8ly expenditure includes irrecoverable VAT where appropriate. Pensions The Church operates a defined contribution scheme for members of the Church staff. Contributions are charged to the Statement of Financial Activities in the period to which they relate. Fixed assets and depreciation Fixed assets comprise the Church building (Central Hall) and the adjoining shop at 2 Earl Grey Street. These are included in the balance sheet at tost, including the cost of refurbishment. The Trustees do not consider there to have been any impairment in the value of the property as stated in the balance sheet. Property is insured at an estimated full rebuilding cost and is maintained in a good state of repair. Other fixed assets costing individually more than £1,500 are capitalised at cost and depreciated on a straight line basis over their estimated useful lives as follows.. Propertv IT and other electronic equipment Furniture and fittings Motor vehicles 50 years 5 years 10 year5 5 years Dèbtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts. Cash at bank and in hand Cash at bank and in hand includes cash and any short term highly liquid investments with a maturity of three month5 or le55 from the date of acquisition or opening of the deposit or similar atcount.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Finarbcial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl Aecountlng Polltles Icontlnuedl Investments Current a55et investments are fixed term deposits that mature within tsne year. CredStors and provlslons Creditors and provision are reeognised where the Church has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measUd or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The Church only ha5 financial assets and financial liabilities of a kind that quality a5 basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequentlv measured at their settlement value. Fund accounting Unrestricted funds are general funds that are available for use at the trustees, discretion in furtherance of the general objectives of the Church. Restricted funds are those donated for use in a particular area or for specific purposes, as specified by the donor. Donatlons and legacles Unrestrlcted Restrlcted 2025 2024 Donations and gifts Tax reclaim 389,806 59,880 105,892 7,368 495.698 67,248 540,211 83,012 449,686 113,260 562,946 623,223 Income from donations and legacies of £562,94612024.. £623,2231 comprises £449,68612024: £556,095> of unrestricted income and £113,26012024.. £67,128) of restricted income.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl Income from charitable actSvitles Unrestr5cted Restrlcted 2025 2024 Rental income Student and youth weekend income Other charitable activitie5 82,191 3,825 25,639 82,191 3,825 26,843 75,995 4,416 27,877 1,204 111,655 1.204 112,859 108,288 Income in the previous year related wholly to unrestricted funds. 4 Income from other tradlng actlvltles UnrestrScted Restrlcted 2025 2024 Rental income 104,905 104,905 72,337 Income in both year5 relates wholly to unre5trirted funds. Investment income Unrestricted Restricted 2025 2024 Bank interest 4,974 4,974 3,143 Income in both year5 relates wholly to unrestrirted funds. 6 Other Income Unrestricted Restricted 2025 2024 Gain on sale of fixed asset5 10,000 Expenditure in both years relates wholly to unrestricted funds. Cost of ralslng funds Unrestrltted Restrlcted 2025 2024 Salary costs Property cost5 82,384 19,569 82,384 19,569 74.897 18,516 101,953 101,953 93.413 ExpenditLJre in both years relates wholly to unrestricted funds.

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl Expenditure on charitable activities Unrestricted Designated Restricted 2025 2024 Care Partnerships.. Love Edinburgh & Wider Mi55ion Scattered and Gathered Communities 155,762 26,966 182,728 233,206 29,810 104,198 6,829 25,324 55,134 104,198 10,161 45,282 102,355 16,194 3,332 Totèl direct etssts (note 91 Administration costs (note 101 Property C05t5 (note 111 Governance costs Inote 121 296,599 174,478 133,333 6,824 55,622 5,127 352,221 179,605 173,900 6,824 397,037 125,044 165,495 6,110 40,567 611.234 40,567 60,749 712,550 693,686 Expenditure on charitable activities of £712,55012024.. £693,686) comprises £611,23412024.. £590,330) of unrestricted expenditure. £40,567 12024.. £40,567) of designated expenditure and £60,749 12024.. £62,789) of restricted expenditure. Direct tosts Unrestrlcted Restricted 2025 2024 Salary costs Project costs 214,494 82,105 8,256 47,366 222,750 129,471 273,255 123,782 296,599 55,622 352,221 397,037 10 Admlnlstratlve costs Unrestrlcted Restricted 2025 2024 Salary costs Office 5UPPOrt costs 116,865 57,613 116,865 62,740 79,482 45,562 5,127 174,478 5,127 179,605 125,044

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl 11 Property costs Unrestrlcted Deslgnated Restrlcted 2025 2024 Church running costs HVI project cost5 Depreciation 124,025 124,025 109,874 5,717 49,904 9,308 40,567 49,875 133,333 40,567 173,900 165,495 12 Governance costs 2025 2024 Audit fee Account5 fee 5.824 I,o(x) 6.824 6,110 6,110 13 Wagès and salarlès 2025 2024 Wages and salaries Social security costs Pension ctssts 401.069 20,879 15,039 410,974 22,902 17,905 436,987 451,781 No employee received emoluments of more than £60,00012024.' None). The average number of employees during the year was 2912024.. 341. None of the trustees received any remuneration nor were reimbursed any expenses in their capacity a5 trustees during the year12024.. None). Trustee, Don Palmer, was employed as Lead Pastor and received salary of £53.342 and pension contributions of £1.914 before leaving in April 2025. A settlement of £15,064 wa5 P3id to Don Palmer upon his dep3rture. Remuneration of Trustee5 is permitted under section 16 of the Church Constitution. The total amount of employee benefit5 received by key management personnel is £162,005 12024.. £190,831). The key management personnel comprise the members of the senior leadership team. 20

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Finarbcial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl 14 Tangible Fixed Assets IT and other electronic equipment Heritable Property Furniture and fittings Total Cost As at I September 2024 Additions 2,029,574 13,022 182,063 16,4LKI 2,224,659 16,400 As at 31 Au8U5t 2025 2,029,574 13,022 198,463 2,241,059 Depreciation As at I September 2024 Charge for the year 474,220 40,567 11.609 339 150,276 8,969 636,105 49,875 As at 31 August 2025 514,787 11,948 159,245 685,980 Net book value As at 31 August 2025 1,514,787 1,074 39,218 1,555,079 As at 31 Au8U5t 2024 1,555,354 1,413 31,787 1,588,554 15 Debtors 2025 2024 Gift Aid rectsverable Prepayments Other debtors 4.400 15,174 32,643 5,797 19,561 37,560 52,217 62,918 16 Credltors: amounts falllng due wlthln one year 2025 2024 PAYE creditor Other creditors Accruals and deferred income 7,650 28,129 10,498 6,927 14,480 50,931 46,277 72.338 21

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Finarbcial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl 17 Analysis of funds At 31 Aug 2024 At 31 Aug 202S Income Expendilure Transfers 2024125 Unrestricted funds Designated funds 246,599 1,555.354 671,220 1713,1871 140,5671 204,632 1,514,787 Unrestricted funds 1,801.953 671.220 1753,7541 1,719.419 Property Fund Just Christmas Project Pants Nursing Clothesbank CAP Salarie5 Fund Soul Food EVOC Mental Health Youth Fundraiser 21,646 169 370 28,344 24,031 49,990 80 370 13,970 835 124,1201 31,366 1,237 8,256 6,276 13,750 1,204 117,3961 11,3151 18,2561 13,2071 15,2511 11,2041 913 3,069 8,499 Restricted funds 23.098 114.464 160,7491 76.813 Total funds 1,825.051 785,684 1814.5031 1,796.232 At 31 Aug 2023 At 31 Aug 2024 Income Expendtture Transfers 2023124 Unrestricted funds Designated funds 180,479 1,595,921 749,863 1683.7431 140,5671 246.599 1,955,354 Unrestricted funds 1,776,400 749,863 1724.3101 1,801,953 Property Fund Just Christma5 Project Pants Soul Surfers Campervan Nursing Clothesbank CAP Salaries Fund Soul Food Café Salary Fund 27,362 22,783 78 1,312 15,7161 122,7051 21,646 169 370 91 292 5,796 12,580 17,1081 112,5801 19591 18.7211 13,5001 11,5001 1,872 8,721 3,500 1,500 913 Restricted fund5 18,759 67,128 162,7891 23,098 Total funds 1,795,159 816,991 1787,0991 1,825,051 22

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Financial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl 17 Analysis of funds Icontinuedl The Designated Fund represents the net book value of the Church building, which has been set aside as separate fund. Depreciation is charged to this fund on an annual basis. Transfers to the fund represent fixed assets purchased in the year. The Property Fund is used to address the property requirements lin a general sensel of the church going forward. Previously, its main use was to repay the loan to the Baptist Union Loan Corporation and we received donations each month to fund the monthly repayments of capital and interest. Going forward. the fund will be used to meet ongoing repairs and maintenance costs. The Just Christmas fund was established for special collections taken over the Christmas period. The Project Pants fund relates to a project to provide clothing for vulnerable people during the winter period. In October 2013 the Church purchased a VW Campervan for use by the Soul Surfers missional community. A restricted fund was set up to accommodate donations and gifts for the purpose of funding the purchase and running costs of the vehicle. The Campervan was sold during 2023124. The Nursing Fund started with funding from TOR Christian Foundation for a feasibility study to scope the establishment of a nursing ministry within Edinburgh churches. We have now completed that and are running a pilot scheme. Clothesbank - this fund receives income to part fund the operation of a Clothesbank we operate in partnership with Edinburgh City Mission in Central Hall. CAP Salaries Fund- income received to part fund CAP staff salaries. Soul Food Fund comprises income to contribute toward5 the c05t of providing a weekly freshly prepared meal, while also offering some respite and support to anyone dealing with the challenges of homelessness, poverty or loneliness. Café Salary Fund- income received to part fund café salaries. EVOC Mental Health grant funds used to develop volunteer and staff knowledge and awareness of mental health issues, allowing increased confidence in developing services and supporting service users. Youth Fundraiser- funds raised by our youth ministry artivities for externèl charities. 23

Docu8ign Env8lope ID". F3ED391A-F7764B6E-824A-129C2DC612CO CENTRAL Report of the Trustees and Finarbcial Statement5 Forthe year ended 31 August 2025 Notes to the financial statements Icontinuedl 18 Analysis of net asset5 between fvnds Unrestrirted Funds Designated Funds Restrirted Funds 2025 Balances at 31 August 2025 represented bv: Tangible assets Net current assets 40,292 164,340 1.514,787 1.555,079 241.153 76,813 204.632 1,514.787 76,813 1.796.232 Unrestrirted Funds Designated Funds Restrirted Funds 2024 Balances at 31 August 2024 represented bv: Tangible assets Net Current assets 33,200 213,399 1.555,354 1.588,554 236.497 23.098 246,599 1,555,354 23,098 1,825,051 19 Analysis of net funds Isep 2024 Non-cash Movements 31 Aug 2025 Cashflows Cash and cash equivalents 245,917 110.7041 235.213 Total net funds 245,917 110.7041 235,213 20 OperatSng lease commltments At the reporting date the church has outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Within one year Between two and five years 1,790 1 ,790 1,790 1,790 21 Related party transactions During the year the Church made payments of £nil12024: £3,150) to Daysix Limited, a company in which Trustee James Cant 15 also a director. The charity a150 made a charitable gift to Cairn Movement of £nil 12024.. £2,500), a charity in which Edwin Backler was a trustee until 31 August 2024. The wife of Trustee, jonathan Wright, is employed by Central as Operations and Finance Manager and she received a salary of £26,237 and pension contributions of £1.312 in the year. The wife of Trustee. Scott Watson, is employed by Central to run the Parish Nursing Project and She received a salary of £5,141 in the year. The charity received donations of £71,28412024.. £44,120) from 8 Trustees12024.. 6 Trustees) during the year. 24