Edinburgh: St. Nicholas, Sighthill Parish Church of Scotland RECElFfs AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ConRregati•n No: l(m9 Ch*rity No: SC IM17068 Rcf Admin keftTtDC¢ Admi4iltr*tlv¢ lTrlormatknn Ltkatitv NaJn¢.' Edinburgh.. Si. Nirhul&s' S@Jih￿l Pati5b Cbut£h of sco￿&￿d Cknitv Registyatson Numb¢r'. SC007068 ConBTcg4tson R¢f¢yrn¢¢ No.. 10 Cont¥t Adth¢s5.' Th¢ Churrh Offi¢e 122 Sishihill Fdinburgh EHI14NT Trus1tt9 CoAgregitiom*l Bo*rd The CunBte8aiional Boatd comptists a]1 the above Eld¢rs along with lh¢ following ¢l¢ckd of the con8teBaElOn. Tts Tl.. *n! To retire in O?5 Pritt¢ipal Offi¢e-buren Mini5frr." Se55ion Clerk Clak lo the Board Church Treasurer Indtptlldetst Ex*mÈ#cr 1.1 Bak"Li ALLtsunu>nL Liinit¢d e81poini 4 Redheughs Rig8 Fdinburgh EH129DQ Trustees, Annual Report Year ended 31 December 2024 Structure, Governanee and Management Governing Document The Church is administered in accordance wilh the tern￿ of the Deed of Constitution. Recruitment and Appoinlment of Trustees Members of the Kirk Session and the Congregational Board are the Charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session. is elected by the congregalion and inducted by Presbytery. Th¢ Congregational Board is appointed from within the congregation and members of the congregation are invited to nominate individuals who are believed to have the skills and commitmenl lo contribute to the management affairs of the Church, to become members of the Board. Board Members are then appointed at the Stated Annual Meeting and serve for a period of three year5 after which they must seek re-election at the next Stated Annual Meeting. OrganisAtional Structure The charity is run by the Trustees who are th¢ elders of the congregation and the members of the congregational board. Th¢ Congregational Board is chaired by the minister. Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate. The Kirk Session made up of the church elders and minister is responsible for spiritual affairs within the church. During COVID it has not been possible to involve all trustees in all meetings and a sma]ler Management Committee has been fonned to discuss appropriate issues and make relevant decisions. This cotnmittee includes representation from the ministry, fabric and ftnance functions as well as several roles involved in njnning the activities of the church such as the church officer, session clerk and communications. The Management Committee meets ei'¢ry two weeks on zoom and discusses the appropriate items. Objectives and Activities The Church of Scotland is Trinilartan in doctrine, Refornied in traditton and P[eSb￿erian in polity. It extsts to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Churcty it acknowledges a distinctive call and duty to bring the ordinances of ieligion to the people in every parish of Scotland through a territorial ministy. It co-operates with other Churches in various e¢umeni¢al bodies in Scotland and beyond. The Church aims to be an aclive centre of worship for the local community. St Nicholas, Sighthill Parish Church of ScotlaTrd is located in Southwest Edinburgh. It covers four main areas: Bankhead {Sighthill Industrial Area), Sighthill. Parlthead and the Calders. It is an area of mixed residential and industrial use. It is home for people from many nationalities, ethnic groups and other demographic compositions. We serve out community as a local parish church and as a community hub. Our buildings are used by different groups and for social gathering in the community. Trustees, Annual Report (cont) Year ended 31 December 2024 Achievements and Performance We continue to SUp￿)rt the congregation and the community ￿llth the Food Share Project and building on new initiatives launched in 2022 which include the to(Idler group, building out s¢ssions for Food Share Project attenders to get advice and fellowship. a Community meal provision and a session for the seniors. We continue as we alway5 have to have good connections with the local schools and community and we support families as approprllate with support as required in tenns of clothing, financial assistance, and presents around Christmas through St Nicholas Children's Relief. The Seniors Drop In continued and was run by the Social Committee, enabling members of the comrnunkty and the congregation to meet regularly and reduce isolation and loneliness which can be particular problems in the aged population in the community. Plans for the Future As with many Church of Scotland parishes w¢ are working closely a fellow church'slateford Longstone, to move towards a union. The two churches have fornied a'huddle, grouping which steers us towards the union and we are communicating about activities in both churches encouraging participation of both congregations along with joint services. The sessions have agreed the basis of union which will then b¢ channeled through the appropriate votes for approval. It is likely we will become one charÉty during the course of2025. Services will continue at both venues going fonvard. Financial Review General fund income for the church comes mostly from donations and the associated gift aid, the congregation conlinued to support the church throughout the year wAth many members giving direct to bank. The gift day held in December 2024 raised just under £l.000. We attracied a number of grants for our community iniatives in 2024 as well as fabric donations and grants. The congregational expenses constitute payments in relation to our ministry to both the Church of Scotland and our Presbtery. but also costs for local staffing and our building as well as Costs relating to communications and administration. Expenditure is listed in detail in note 4 of the accounts. General funds achieved a surplus of £148,034 with core income not qutle covering expenses but boosted by the receipt of a large legacy in the year. Restricted funds showed a surplus of £3.842 which represents a continued build of the rooflfabric fund to which people specifLcally donate. Trusttts, Annu21 Rcport (cont) YeAr ended 31 December 2024 Rt5trYts Pollry It is thc Trust¢es' policy to hold reserves of ¥proxtm4t¢ly month5 Cxpcndilure including designated At the yeaT end the Church held unrestsictrd cash fund5 of £191,718 of which £154,890 had b¢cn dcygnatcd for vanous pu4)os¢s as d¢kn'lcd in notc 2. Thc gcncral fwid of £36,128 r¢pr¢s¢nlS a level which equates to ￿OUnd 9 months of Domxal expenth"wr¢. At this iirn¢ thc Tn]st¢cs consider that it may ￿ sensibl¢ w rnaitita￿ this le￿1 of rcscryes given the deficit this e TDJStees are considering the use of th¢ Icga¢y w￿"th was received in Dec 2024 of £154k aJMI t$ 8¢paTatel)' in the legacy fMnd at presenL The church also holds £43,850 of total restTiCt¢d fimds las detsilcd in notc 2) for the puwe of roof repairs and other specific projects. Statement of Trustees, Responsibilities The members of the Kirk Session I congrcgab.onal Board must pr¢pare financial stakm¢Dts whith gil'¢ 5uffici¢nL dclail to cnablc an apprcciatson of thc Iransactions of the Chtstrch during thc finan¢ial S'ear. The mernbers of the Session I CongrcgatioDal Board are responsible for keeping proper countsng records which, on reques( must reflect the financial Frf)sitson of thc Church at that tsme. This must be done to ensure that the fmancial statements compl) with th¢ Charities and TTuslee Investrlent (Scod3ttd) Act 2005. the Charitses Accounts (Scotland) Rcgulations 2006 and thc Rcgulations Anent Congr¢gats'uJal FinanG¢ apwovcd by the Genernl A&sembl) of th¢ Church of Swdand in 2007. They arc also Tcsponstble for saftguardth8 tbe asscts of thc Church and must (ake rc&wnablc strps for the preventson andlor dclcctton of fraud and other irre8u1￿7￿es. Approved by the TNstees 2nd signed on their beI￿lf. Clerk to the Board Dale . Independent b:xaminer's Rcport to the 1"ru.stees of Si Nichol*.1 L'lrureli, ,Sighthiil I reptsrt c..1 Èh- aicounts of thc chant5, far the s'car Ended .: i DtiLrll¥4ci' 2024..¥4yin 2YC 6..1 ilLI* Cll P7gC.% j to litS¥p_°i1sVt r¢5POR&7bs1itits ol il'11SietS 4nd examiner Th.L char..Th S ¥lLT5te3 ase rewnstblc fol thc prcpjniiou ot th.. '_Tr iFJ aiAl)rdary￿- ¥1 Ith ￿1,. lomis of th Cbttncxes av.d "fiustee ltti'¥slm¢tti i.knUaDd) A¢1 200) L,d thL Caanctes Acw>w)ts (ScodarAI 4etr&loJolls Lyllslctb cotysidcy tbkn,. di- &udit fCqUllLment uERcgd&itOAI 101 I ) {,'} of thE ALLowits- R¢¥4 a¥R.:1113 doei noi apply. Ii Is mv rL.sPO￿81oI1..ty to ¢XaYn￿ll¢ th¢ .u r¢ou¥T¢d u-, r Kctson 4411 i Icl o., tr,- 5%*te.IneDt .-lii is caiTitLI OUI 11 aco)Fdaxce ii'ith RtgulAu(ifj I l of th¢ C.k.aria¢S Afyi0[￿[* (sroll￿￿j Rcsula;k'.Jas 21iati AY, eLJ..miw.P70n Includes a ￿Vi￿lI. or the 2￿co￿l[l[l4 re¢o-id% kepL lji- tht ...￿￿{￿, and i CL)mPJI=.012 4f .4¢ 3CCOUllES pres=Iitcd ￿7th those rec4)Id. also irtltidgs ccnsiderauon of I￿jS￿ ii¢ns o¥ di&blosuies the accc" nLS. anfg seeks e."lll?l￿IJI K.ln1Tr￿1l Addre45: Wef Lpoini 4 RL'dl":kn11sfii E.dinknii¢"gh. EH12 9DQ Date xslJlzs Edinbur h: St. Nicho128' Si thill Parish Church of Scotland Recei tsandPa ments Account Year ended 31 December 2024 Unrellri¢ted Re￿n¢¢ed Funds Funds 2024 2024 Total 2024 To¢¥1 2023 Note Donations Lcgacics Activitic5 for Gcncraimg Fwids Inves•neftt income 29.542 154,463 4.615 34,157 154.463 35.670 741 1.595 185,600 1,595 190.215 4,615 39.048 Rentsl of pr¢mis¢s 11.229 11.229 22,928 780 322 8,077 5,800 422 225 22,928 Other Rcceipts {navi8ators, lunth dub etc) ch￿ItV appcals (Note 6) 780 322 197931 27.543 225.474 Costs of gtner•ting funds Charitable activilies Governance cost$ 49,597 300 23.701 73.298 300 59.982 300 73 23.701 a98 Excess of Receipts over P4ymen¢s for the yeAr before transltrs 148.034 3,84? 151,876 ,710 Tr*nsfers Exces$ of Rtceip¢s over P•yments for tht year 148 034 3.842 151876 -6 710 Edinbu h: St. Nicho128' Si Statement of Balances At 31 Dttember 2024 hthill Parish Church of S¢ot12nd Uhrestritted Restricted Fuhds Funds 2024 2024 Total 2024 2023 Note Bank & depost¢ balances broughtfonvard 43.684 40.008 83.692 .402 Mrtrvement in year: Ex£e&8of Iie£eipts ovcrPoymaits fortheyear l48.034 3,842 151,876 .710 Bank & d¢posit baiane¢$ cani¢d fonvard 191718 43 850 235 568 tments (Cost- £498) m ritet v 874 874 866 Assrts Conummity. Vehicle Gift Aid Rcccivablc (Estsnutc) To￿1 assets 10,1100 10.000 2.500 12.500 10,000 2,500 12,500 12.500 Givin8 ¢0 8roiv Indcpendtnt Examin¢rs fet Total liabili(ies 1.040 300 1,340 1.040 300 1,340 300 12,51JO The accountswere approved ￿, the KI￿ Session and Financial Board on ........... For and on behalf of the Kill( Session and Financial Board Clerk to the Board TreA£urer Edinbur h: St. Iyicholas, Si Statement of Balances Notes to the Aecounts l. Trustee Remuneration and Related Party Transactions During the year 8 ln￿teeS re¢eAved reAmbursement of expenses incurred totalling £6,751 for various ¢xpenses including van insurance. re airs and maini¢nance, ¢quipment. stationery. repairs and housekeeping items. In additio ho is a member of the Congregational Board received £8.097 for providing hknf sL'Tr'ices as Church Officer during the year. Couiicil tax of £2565 aiid c ciisc.s of £1,816 iiicludiiig tiavel and niansc telcphoi]e were paid on behalf of the minÉster hthill Parish Church of Scotland 2. Movements in Funds AtlJan 2024 At 31 De¢ 2024 RcccÈpts Paymenls Transfcrs Unrestrietcd fund5 St Nicholas Seniors Café St Nicholas Childr¢n Legacy Fund General Fund 16 381 16 411 154,463 36.828 191,718 780 154.463 42.688 197,931 750 43,287 43,684 49,147 49,897 Restricted funds St Nicholas Day/Mission IKts Eat Togeth¢rlFood Share Proje Community Hardship Grants Roof and Fabric fund 258 107 840 2,733 -582 374 3.(K)O 39.643 40.008 24.543 27.543 20.128 23.701 44,058 43.850 Total funds 225 474 235 568 Pur ses of Desi nated Funds The St Nicholas Seniors Cafe and St Nicholas Children fvnds represent funds set aside for use in these gTOUPS. The legaLy fund telates to a legacy received ill the year whtch the TDJStees are considering the lu" ture purpose of. oses of Restricted Funds Roof and Fabric fund.. This fund exists for the putposes of extraordinary repairs. St Nicholas Day/Mission'. Grants and donations was for this event and mission in the community. We Testarted St Nicholas Day events in 2022 and once again held this in 2024. Costs above related to 2023 and 2024. An investment held for youth purposes will be sold and bring in £800 to cover the deficit on this fimd. Lets Eat Together.. This is a Food Share Project initiative where unsold food is redistributed. We have built on this lo provide a space for the community on Thursday mornings and community meals. W¢ continue to look for support in forftn of granls for this project. U•rE£tri¢ted Rutri