Wardie Parish Church of Scotland,
Edinburgh
Trustees, Report and
Financial Statements for the year ended
31 December 2024
Congregatlon No: 010055
Scottish Charity No: SC 008710

Contents
Page
Trustees, Annual Report
3-12
Truslees. Responsibilities in r6lation to
the Financial Statements
13
Report of the Independent Examiner
14
Statement of Financial Activities
15
Balance Sheet
16
Accounting Policies
17-18
Notes lo the Financial Statements
19-30

Wardie Parish Church of Scotland, Edlnburgh
Trustees, Annual Report
Year ended 31 December 2024
The TrusÉees present the annual report and financial statements for the charity, Wardie Parish Church (thè
church) for the year ended 31 December 2024. The financial ststements have been prepared in accordance
with the accounting policies sel out on pages 17 to 18 of the accounts and Gomply with the General Assembly
Regulations for Congregational Finan¢8, the Charities and Trustee Investment (Scolland) Act 2005. the
Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charilies preparing their a¢Gounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Objectives and Actlvlties
The Church of Scotland is Trinitarian in doclrine, reformed in tradition and Presbyterian in polity. It exists to
glorify God and lo work for the advancemenl of Christ's Kingdom throughout the world. As a national church,
it acknowledges a distinctive call and duty to bring the ordinan￿$ 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.
Th8 church serves the local Church of Scotland Parish of Wardie. having 88 a central aim the bringing of
people to faith in J6sus Christ as Saviour and Lord. The Minister undertook the supervision of one candidate
for the ministry and one reader in training, and they added lo the life and work of the church. A prayer corner
was set up in the church sanctuary and 8 weekly quiet space was offered during adv8nt. Our minister
continues to go Into our local school, 8nd Ihey also use the church for services and a concert. The
noticeboards outside keep people infomied and the website is regularly updated. A weekly e-newsletter is
circulated wilh paper copies available as requested. The biennial Gala was organised with potential
involvement from many local groups and craft workers. Unfortunately, due to extreme weather this had to
be reloc8ted to the church but a large number of people came to listen to the brass band and buy a barbecLted
lunch. There ware a reduced number of stalls in the main hall.
The Congregation m8t over soup after church one Sunday In January. During Lent there was a Sunday
evening reflection. On Easter day there was an open-air early morning. Gommunion in the church garden, a
congregational breakfast and an all-age service. A Friday morning pray8r rneeting instigated by the minister
is a regular part of the week. W8 had a meeting in May to infomi the congregation aboLrt our finances and
other activities. During Christi8n Aid we8k w8 had a bread and cheese lunch with home baking and plant
stslls. The lea-party for older members of the congregation was held again in June and much appreciated.
The walking group operated for the full calendar year, as did the ever~popular genlle walking group. The
Guild is very well supported and 'coffee bothy, sessions every fortnight span the summer months when the
Guild does not meet. A men's group meets and organises Ihe very popular 'sporting conversations, with a
well-known guesl.
The Thursday Toddler Group continues to be fully subscribgd and our addilional dropin toddler sessions on
Tuesday momings have sleadily increased in numbers. Thinking missionally, during the summer months we
continued lo offer our Tuesday morning drop-in toddlers session which proved very popular. By way of
outreach, we added into the mornings, a short age-appropriate alternative act of worship which consisled of
a simple bible story. Interactive songs and a prayer. A Family Valentine Day was held in February. The
Summer Hollday Club In July wa8 received with enthusiasm. This was follow8d by Messy ChurGh afternoons
in October and December. A grant from the Mission Fund provided an internship for an assistant youlh over

Objectlves and Activities (continued)
the summer to help with iniliatives for young people, working for 12 hours a week over 11 weeks. A Saturday
Club is provided lor younger teens. There was a residential weekend away for Ihe young people at Pilton
Retreat. Kldz@Wardie offers activities on Sunday mornings.
The church also maintained strong links with other charitable organisations within Scotland and further afield.
The session approved collections for local charities Fresh Start and Bethany locally addressing social justice
and homelessness and Edinburgh Direct Aid Intemational for work in Gaza, Lebanon and Ukraine. The
congregation was encouraged to make their own donations online and through church collections and
through information given in the newsletter. Shoe box6$ Gonlinued to be filled for Blythswood. A church team
regularty volunteers with Fresh Start and Ih8re is a collection point in the church for the foodbank and
household items. We also hosted a Fresh Start afternoon collecting suitable items for the scheme and eight
car108ds of donations were taken to the distribution centr6. Individuals continued to work with Edinburgh
Street Pastors. Th6 Annual collection of gifts for the children of prisoners in Saughton Prison was generously
supported and th6 offi¢er who organised this came to speak to us. A coffee and a bake sale raised a sizeable
contribution for Tearfund (Toilet Twinning) in Malawi and Soulh Sudan funded a total of nine toilets.
Trustees are signatories to the Scottish Government Clirnate Change Pledge for Communities. We annually
review our sustainability strategy. The halls continue to be let for a substantial amount of time and hall users
are made awar6 of our policies on wastelrecy¢ling and plastic I carbon emissions reduction.
The halls continue to be let for a substantial amount of time. The property requires conslant maintenance
which runs a fully funded scheduled programme. There were the usual fire and emergency checks, including
the defibrillator, the fire appliances and electrical equipment.
Extra meetings were held by the Truslees to discuss Ihe Presbytery Plan. At a December meeting, the Kirk
Session voled unanimously against lh8 proposed deferred union with Granlon Parish Church and in favour
of conlinuing to work collaboralively across Ihe mission district. There was a strong feeling al the Session
meeting that new leadership from Presbytery is required for progress lo be made and other options to be
considered that will most certainly be the case by 202812030 which is the time sca18 rel8vant to Wardie due
to the minister's retiral.
Nine Kirk Session meetings were held. Our committee structure was ￿vised. The list of people who require
PVG registrations has been revised in the light of new guidanGe. Communication management, IT support,
administralive management, oversight of hall bookings and property maintenance, are overseen by
volunteers assisted by a paid administrator three mornings a week. A coffee morning gifl day was org8nised
and raised a healthy amount, ahead of the full stewardship activities to encourage highgr regular giving.
The Treasurer manages all the accounts, but Pensions and Payroll are outsourced. One of the Joint Session
Clerks is a joint signatory. Data prolection is embedded in Ihe congregation with a Data Retention Policy,
Privacy Notice for the Congregation, and a Privacy Notice for staff. We formally record our sincere and
grateful thanks to all such volunteers, both elders and those not ordained to eldership. This r8port
demonstrates the volunteers, continued commitment to their work in the church community and for the local
and wider community.

Financial Review
statément of Flnanclal Affairs: 2024 ended with an overall surplus over all funds of £3,940 {2023.. £25,535)
based on total income of £164,583 {2023., £185,149) and total expenditure of £166,206 (2023.. £166,395).
Of more immediate relevance, the General Fund (Unrestricted and not Designated) which is the principal
fund used for the church's 'business as usual, aclivlty and which is reported quarterly throughout the year,
ended 2024 with a small deficit of £761 {2023.. £22,548). This deficit was significantly reduced by a fund raising
event held on 14 December 2024 which, together with Grfl Aid reclaimed, raised £8,969. Last year, the
General Fund was flattered by three unrestricted Legacies amounting to £36,521 received during the year
which, but for these eX￿ptIonal items, would otherwise have resulted in an operating deficit of £8,949.
Income. Total income was £164.583, £20,566 (11.20￿> lower Ihan last year (2023.. £185,149) but once
unrestricted Legacies have been excluded from both Ihe years it was £15,955 (10.70hl higher than last year
(2023: £148,628). It is still, however. well below pre-coronavirus pandemic (Covid-19) levels in 2019
(£190,884).
Donations and L
acies.. Offerings (Gift Aid) £79,226 were slightly (£2,685) lower than last year (2023..
£81,911 } but Tax recovered on Gifl Aid was £4,653 higher (2023= £20,219) largely due to claims being
made under the Gift Aid Sm811 Donalions Scheme (GASDS) for previous years (April 2021 to December
2023} amounting to £1,141 as w811 as for the current year (£1,588).
Offerings (Op6n Platel more than doubled to £5,102 (2023.. £2,230) following the SUC￿ssful
reintroduction of passing the offerfng bag during each church seryice.
After receiving Ihr8e unrestricted legacies lasl year amountlng to £36.521, no new legacies were
received during the course of 2024. As the Kirk Session's view is that unrestricted Legacies should not
be used to subsidise 'business as usual, expendilure, nor reduce deficits bul instead be treated as
exceptional income to be applied towards specific projectslpurposes, a separat8 designaled fund has
been established and the accrued value of all unspent Legacies {£53,953) has been transferred to it
pending consideration by the Kirk Session of appropriate projeclslpurposes.
oth6r donations were £1,532 lower than last year (2023.. £15,099).
Income from Charitable Actlvitles-. There was one wedding and five funerals which was significantly
more than last year (2023.. 0 weddings and 1 funeral>. Use of the church premises rose £1,034 {6.6% }
to £16,625 (2023= £15.591). Whilst il has not yel recovered to pre-covid 19 levels (£17,971), sleady
progress is being made and new users hav8 been attracted to use the churGh's facilities.
As already mentioned, a fund raising event was held on 14 December 2024 which. together with Gift
Aid reclaimed, raised £8,969. This made a significant impact to reduce the operating deficit on the
General Fund to £76112ff23.. £8,949 deficit).
Incom8 from other Tradin
Adivities.. Not surprisingly following the winding up of a number of fund
raising organisations during 2023 (Tilda Mission Hospitsl, Traidcraft Exchange, Open Door, Wardie
Players), Regular Fund Raising of £2,454 was less than half last year's total (2023.. £5,424). Wardi9
Guild raised £2.104 (2023., £1,832} for various good causes as set out more fully in Note 15 and the bl-
annual Wardi¢ Community Gala raised £350 in sponsorship.
Investment Income.. The increase of Dividends Received and Deposit Interest lo £8,482 (2023- £6,069)
reflected the improved market conditions and higher rates of interest available.

Financial Review (continued)
Other Income.. The church claimed three granls in 2024.. £850 from Church of Scotland for Seeds for
Growth. £1,000 from Edinburgh and West Lothian Presbytery towards the costs of an assistant youth
worker internship over the summer; and £500 from Church of Scotland for equipment for the Mothers
and Toddlers Group (2023.. £Nil}. The church also made a successful insurance claim (£770) following
damage sustained to one of Ihe stained glass windows.
Expendituro: Expenditure was £166,206, marginally {£189) lowèr than last year (2023: £166,395).
Givin
lo Grow
fomierl Ministries & Mission
Allocation: The church's contribution to Church of
Scotland Giving to Grow (formerly called Ministries & Missions) (its principal charitable purposel was
£67,674, £5,952 (8.OVo} Eess than last y8ar (2023-. £73,626}.
Presb
Dues: The 18vel of expenditure was £1.269 {2023.. £1,331) as assessed by Edinburgh and
West Lothian Presbytery.
Minister's Ex
enses: The funding of the provision and running costs of trar)sport for a minister is dealt
with cenlrally by the Church of Scotland and the Ghurch pays an allowance of £80 per month towards
it as part of Ministerfs Expenses.
Sala
Costs.. Employment costs were £42.280, £3,175 (8.1 Oh) higher than last year (2023= £39,105).
This was due to the annual pay increase for all members of staff (5,/0 except for the cleaner who
received the Real Living Wage) and the provision of {il an assistant youth worker internship over the
summer and (li) an assislant youth worker to help out wilh the Saturday Club on an ad hoc basis.
Fabric Re
airsJMaintenance'. Expenditure of £14,796 (2023.. £17,039} was incurred by the Property
group on essential annual maintenanGe and repairs of the churchlhalls and Ihe manse. It was £2,243
lower than lasl year but still £2,2g6 above Budget (£12,500).
In addition to the usual annual maintenance, work carried oul included joinery repalrs to the Netherby
Road door,. alterations to the Iow8r hallway cupboard- plaster repairs, refitting of radiators and
redecoration of the Upper Hall. installation of 4 pandrop surface fittings to the vestry,. and repairs to
slained glass windows {of which £770 was recovered under an insurance claim). Works to the manse
included the redecoration of the hall, staircase and one of the bedrooms- installalion of a new ￿llIng in
the cupboard under the stairs-, and replacement of kitchen lighting.
The expendlture incurred does not include the time, talent and skills of the Property group and othèrs,
whose collective contribution should be acknowledged, along with the congregation's gratitude.
Council Tax: Council Tax was £3,738, effeclively the same as lasl year {2023.. £3,727).
Heatin
&Li
htin
The gas and electricity used to heat and Ilght the church and halls (£9,342) was
virtually double the cost last year (2023-. £4,719). The fuel contracts for gas and electricity are with the
suppliers idenlified by Church of Scotland cenlrally and, despite the large market increases of the cost
of gas and electricity during 202113, the unit costs of bolh were fixed and therefore remained unchanged
until the electricity contract expired on 30 Seplember 2023 and the gas contract on 31 March 2024.

Financial Review (continued)
After a competitive tender process, new electricity and gas contracts were negotiated and have now
been &ntered into by Church of Scotland centrally with e.on Next, in terms of which the average
increase of the cost of electricity is 980/0 and 105Yo for gas. These new contracts each fix the oosts of
electricity and gas for two years until 30 September 2025 and 31 March 2026 respeclively.
Water.. Once again. the church succ8ssfully claimed 100¥o exemption from the Scottish Government
for the water, waste water and drainage charges for Ihe church and hall buildings because its income
is below the prescribed threshold.
Church Offi'ce Ex
enses.. Expenditure on Printing & Stationery and Photocopying was £552 hlgh6r
than last year (2023.. £2,366) reflecting the increased use of materials and the church's photocopier for
activities of the church. Computer Supplies are £511 higher than lasl yèar {2023.. £355} but include the
costs of Microsoft 365 licences (£4641 which related to previous years {2022123).
an and Music: The expenditure was slightly (£93) higher than 2023 prlncipally to the Increased
costs of the CCLI licences.
ui
m8nt. The expendilur6 of £2,126 was for a new desk and pedestal for the Ghurch office. two new
Sumup (remole debiucredit card) machines. and the installation of WiFi lo the Main Hall, all of which
were funded from the Equipmenl Fund. A new sounder mixer and speaker system was funded from
the Haddow Fund.
Youth Grou
s.. The increase of expenditure lo £745 (2023.. £141 } reflects the re-establishment of Messy
ChurGh and also a weekend away at Pilton Retreat. The Saturday Club expendilure includes the lasl
quarterfs expenses of 2023 which wer6 submitted after last year's financial statements had been
prepared.
Seeds for Growth: This expenditure is funded by a granl of £850 from Church of Scotland and covers
expenses and materials authorised by lh8 grant.
Third Part Donations- The donations raised for third parties was £3,232 {2023.. £6,784), detsils of which
ar8 set out in Note 16. The decrease is as a result of a number of congregational organisations (Tild8
Mission Hospital, Traidcraft Exchange, Open Door, Wardie Players) being wound up durin9 2023.
Most other controllable costs were in line with Budget and anticipated expenditur8.
Balan¢e Sheet: On the balance sheet, total flinds at the end of 2024 amounted to £881,14812023: £877,208).
an increase of £3.940.
Funds held in cash and at the bank f811 by £3.553 (2023.. £17,734 increase) and stand at a healthy £109,545.
There is therefore no immedlate need to draw down from the General Fund's reseNes held with Church of
Swtland Investors Trust Income Fund.
The Debtors, balance of £8,402 (2023. £6,471 } comprises (i) the quarterfs tax reclaim (to 31 De￿rnber 2024)
due from HMRC Charities which has now been re￿iVed and lil) thre8 outstanding invoices for the use. of
church premises, two of which (£1001 are to the same user and have been OLrtstanding a few months.
Payment is being actively pursued. The Creditor's balanGe of £1,140 relates to an accrual for the agreed fee
for the independent examination of the financial slatements (2023.. £1,140) which has nol yet been received.
Looking Forward: Despite the overall surplus of £3,940 {2023.. £25,535 which included unrestricted Legacies
of £36,521), there was still an operating deficit of £1,623. But for the Fund Raising Event on 14 De￿mber
2024 which raised £8,969, the operating deficit would have been £10,592, £1,643 {18.40/0) higher than last
year (2(Y23.. £8,949 deficit). Further. the Budget approved by the Kirk Session in October 2024, envisages an
operating deficit of £11,195 for 2025.

Financial Review (continued)
The financial position of the church remains strong and it continues to be able to draw on the substantial
reserves prudently set aside by it over many years lo meet this deficit. However, running an operating deficit
In th6 General Fund at current levels cannol continue indefinitely and, over time, b6comes unsustainable.
Whilsl one-off events like Ihe Fund Raising Event on 14 December 2024 can provide temporary relief and
there is also the cushion of Ihe unspent unrestricted Legacies, all (or partl of which could, if the Kirk Session
so decided. be released to meet 'bu$iness as usual, expendilure without the church's reseNes being eroded
further, neither of them address the underlying problem or provide a long-term solution.
The principal challenge is nol expenditure tt is tightly controlled. The challenge18S it has for a number of
years) remains regular giving. Like many other churches (and the Church of Scotland itself). the church is
experiencing a worrying trend of reduced giving over the past few years from approximately £195,000 per
annum in 2013. 2014 and 2015 to £116,925, £119,459 and £122,922 in the past three years. Action n6ed8
to be takon to try to address the amount of regular giving if the church wants to maintain its current16vel of
activities. Accordingly, Ihe Kirk Session has Concluded that a substantial financial st@W8rdship push will be
requirèd during 2025 and has asked a small group to consider the fomi and extent which it should take.
Financial responsibility is one of the thrèe pillars of stewardship. It is therefore importanl for all members of
the congregation to keep under constant review the amount and regularity of thelr financial contribution, in
each case lo the extent that Ihey are able.
Inevitably there will be unexpected events as, no doubl, activities and new initiatives will require to be funded
but the church should have Gonfidence that, as it currently stands, it is still in a good financial position to me81
Ihem.
Investment Policy and Performance
The value of the Endowment Funds, all of which are held in the Growth Fund of The Church of Scotland
Investors Trust, increased to £58,983 (2023. £54,590). The Endowment Funds therefore show an unrealised
gain on revaluatson of £4,80712023.. £3,758) reliecting improved market conditions.
The value of the General Fund held in the Income Fund of The Church of Scotland Investors Trust increased
by £755 to £83,58012023.. £82,825) which, along with the income reGeived £4.534 (2023.. £3,778} has done
much to offset the unrealised loss of c8pitsI (£11,411) Sin￿ the original investment was made. The Income
Fund seeks lo provide a high and sustainable income and protect the long-term nomina5 value of capital.
This is a long-tenn reserve for the church which uses the income to fund 'business as usual, activities and,
as there is no current need to draw on the capital in 2025, there should be suflici@nt timg for any unrealised
loss to be reversed.
Risk Management
The following table sets out the principal risks (o successful achievement of our objectives identrfied by Ihe
Trustees and the mitigating actions adopted to address them.
Risksl Activt
Identlfied
atin
actions bein
taken
Investment in youth development work continues
to be a strategic priority
A part-time Family and Youth D6volopment
worker is permanently funded for 30hrs per week
A Saturday Club meets once a fortnight to cater
for children not avallable on Sunday mornings
Addilional leadership is funded to support these
Saturda
evenin
D8clining numbers in the Children and
young people

Outre8¢h work with the local school
Large Toddler group meets on Thursday mornings
Overflow drop-in Toddler group provided on
Tuesday mornings
Special Family events organized for all ages
Hollday Club held in the summer.
Need to keep training updated
Encouragement lo Trustees and others to lake
part in safeguarding training.
Predicted increase in pastoral care
demands as congregation age profile
changes
Dedicated pastoral care leam in place providing
additional support.
Succession planning - need to identify
and develop fulure leaders of the
congregation
Involvement of members of the congregation in
the conduct of worship, reading and preparing
prayers
Leadership roles in the various committees.
Robust financial planning, authorization and
reporting systems in place
Congregalion made aware of reducing finances
Gift day to boost congregation's finances.
Dependent on voluntary giving as
principal source of revenue
Inspection and maintenance programme in place
which is regularly reviewed and implemenled
Bi-annual electrical report undertak8n and plans
in place to implement ne￿SSary works
Investment in insulation and zoned heatlng
system delivering monitored savings in energy
consumption
All leaded window in Sanctuary refurbished
Utilities use monitored monthly.
Maintonanc8 of church buildings and
manse lo ensure they are fit for purpose
and meet all n8cessary statutory
obligations. Improve fuel efficiency of
buildings to address rising heating
costs.
Safeguarding officer has completed all the
necessary training
Minister h88 completed adVan￿d safeguarding
training
Safeguarding coordinator has reviewed names on
the Safeguarding register in the light of new less
stringent requirements
Online training provided for Safeguarding
Regular Monitoring and reporting of PVG
compliance.
Regular building safety checks.
Policies on safe use of the internet and social
media., taking youth groups on residential cours8s',
and day-trips with youth groups in place
Duty of care lo ensure safety of
vulnerable people with whom we work.

Consideration of balan¢8 between volunteer
support and paid posls
Pensions and p8yroll outsourced
IT group in place to deal with increased IT needs
and needs for IT support
Installation of Fibre Broadband lo facilitale use of
internel throughout the buildings
Dedicated Dala Protection Officer in place
Data Retention PoliGy, a Privacy Notice for the
Congregation and a Privacy Notice for staff in
pla￿.
Successful deliv8ry of our objectives in
accordance with increased regulatory
requirements, social change and our
members, expectations is a continuing
and developing challenge.
Members receNe a weekly newsletter by email
Paper copies of newsletler delivered on request
NOt1￿boardS communicate information clearly to
Ihe congregation and community
Notice on outside of Church
The local community magazine used to advertise
more widely to the community for Chrislmas
services and other events
Congregational Meeting to share infonnation on
accounts.
Effective communication belween th
truste6s, the congrega*lon and the
community is integral to success in
achieving our objectives
Reserves Policy
General Fund: The Trustees have considered the reserves required and have taken into account their
current and future liabilities. It is the Trustees, policy to hold unreslrict8d res8Nos of at least 6 months,
expenditure. At the end of the year, the church held unrestricted funds of £116.358 {2023.. £169,550) in its
unrestrict8d Gen6ral Fund which is a decrease of £53,192 (31.4% ) from last year. This d¥fference is
effectively made up of the unspent unrestricted legacies (£53,953) which were transferred to Ihe LegaGies
Fund. The General Fund r8s8rve represents 8.5 months, {2023.. 8.6 monlhs'l expenditure.
Designatèd Funds: In addition, at the end of the year the church held designaled balan￿$ comprising
£55,021 (2023.. £Nil} in the Legacies Fund., £8,282 (2023.. £8,076) in Ihe Fabric Repair Fund and £2,159 (2023..
£3,315) in the Equipment Fund. Church congregational organisalions held funds of £5,780 (2023: £6,429).
Further designated funds held rèpres6nt tsngible fixed assets valued at £625.000 {2023.. £625,000) for the
manse and garage which were last revalued as 8t 31 December 2016.
Restrlcted Funds. At the end of the year. the church also held restricted funds lotaling £9,565 (2023.. £10,248)
in the Kirk Session Benevolent FLind, the Nehiork Fund, the Saturday Club (formerly known as Youth &
Family Development Fund) and the Flower Fund for the purposes described in Note 15.
10

Structure, Governance and Management
Governing Documènt
The congregation is a registered charity, number SC008710 and from the 13 July 2017 is administered in
accordance with th8 terms of the Unitary Constitution having changed from the Model Deed of Constitution
and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
Recruitment and Appointmont of Trustees
Members of the Kirk Session are the charity's trustees (the 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 rnember of the Kirk Session, is elected by the congregation
and inducted by Presbytery.
Organisatlonal Structure
Certain responsibilities are delegated to the Finance and Property Committees, as appropriate. Th8 Kirk
Session met nin6 times in 2024 and is responsible for spiritual and all financial affairs.
Reference and Administrative Information
The following were members of the Klrk Session during the year 2024 and up to the dale of signing of the
rinancial slalements..
Principal Office-bearers:
Minister:
Joint Session Clerk$-.
Church Treasurer-
Principal Offl¢•
Contact Address..

Charlty Registration Numbor:
SC008710
Congregation Number:
010055
Independent Examiner.
Hollis Accounting Limited
3 Melville Crescent, Edinburgh EH3 7HW.
Bankers:
Bank of Scotland
43 Comely Bank, Edinburgh EH4 1AF.
12

Wardie Parish Church of Scotland, Edinburgh
Trustees, Responslbilities in relation to the Financial Statements
The Trustees are responsible for preparing a trustees, annual report and financlal statements in accordance
with applicable law and United Kingdom AcGounling Slandards (United Kingdom Generally A¢￿pted
Accounting Pra¢lice)-
The law applicable lo charities in Scotland requires the Trustees to prepare financial statèments for each
year whiGh show a true and fair view of the state of affairs of the church and of the incoming resources and
application of resources, of the church for that period. In preparing the financial statements, the Trustees are
required to..
select suitable accounting policies and then apply them consistently:
observe the method and principles in the applicable Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards and statoments of recommended practice have been
followed, subject to any departures disclosed and explained in the financial slatemenls,.
prepare the fi'nancial statements on the going cOn￿rn basis unless it is inappropriate to presume that
th6 church will continue in operational exlstence.
The Truste8s are responsible for keeping proper accounting records which disdose with reasonable accuracy
at any time the financial position of the church and to enable them to ensure that the financial statements
cornply with the Charilies and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland)
Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the church and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for th8 Maintenan￿ and integrily of the church and financial infomiation on the
congregation's website. Legislatlon In the United Kingdom governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Approved by th8 Trustees and signed on thelr behalf
oin
Date .
13

Wardie Parish Church of Scotland, Edinburgh
Independent Examiner's Report to the Trustees of Wardie Parlsh Church
I report on the accounts of the church for the year ended 31 December 2024 which are set out on pages 15
to 30.
RespectFve responsibilrties of Trust•es and examiner
The Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities
and Trustee Investment (Scotland} Act 2005 and the Charities Accounts (Scolland) Regulations 2006 (as
amended).
The Trustees consider thal the audit requirem&nt of Regulation 10(1 } (a) to (c) of the Accounts Regulations
does not apply. 11 is my responsibility to examine the accounts as required under section 44(1) (c) of the Act
and to state whelher partioular matters have come to my attention.
Basis of Independant èxaminerfs 8tat•mont
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scolland)
Regulations 20061as amended). An examination includes a review of the accountir)g records kept by the
church and a comparison of the aGcounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts. and seeks explanations from the Trustees conceming any such
malters. The prO￿d￿r&S undertaken do not provid6 all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the v16w glven by the accounts.
Indèpèndent examlner's Statement
In the course of my examlnatlon, no matter has come to my attenlion:
whioh gives me reasonable cause to believe that in any material respect the requlrements:
to keep accounting re¢ords in accordance wlth Section 44(1) la) of the 2005 Aot and
Regulation 4 of the 2006 Accounts Regulations (as amended). and
to prepare accounts which accord with the accounting records and comply with Regulation 8
of the 2006 Accounts Regulations (as amended) have not been mel, or
2. to which, In my opinion, attention should be drawn in order lo enable a proper understanding of the
accounts to be reached.
Address:
Hollis Accounting Limited
3 Melville CreS￿nt
Edinburgh EH3 7HW
Date:
i &131
14

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Wardie Parish Church of Scotland, Edinburgh
Accounting Pollcies
Tho principal accounling policies, which have been applied consistently in the current and preceding y6ar in
dealing with items which are considered malerial to the acGounls, are set out bolow.
Basis of preparation
The financial statements have been prepared in accordance with the Slatement of Recommended Practice..
Accounting and Reporting by Charities preparing their accounls in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102) and the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRSI 02), the Charities and Trustee Investment {Scotland) Act
2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
TFie church constitutes a public bènèfit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about Ihe church's ability to continue as a
going Concern because sufficipnt funds are available to cover any foreseen shortfall.
Fund accounting
Funds are classified a$ either restricted funds, unrestricted or endowment funds, defined as follows..
Restricted funds are funds subject to specifsc requirements as to their use which may be declared by the
donor or WFth their authority or created through legal processes, but still within the wider objects of the church.
Endowmont funds are funds which have been given on the condition Ihat the original capital sum is not
reduced, but the income there from is used for the purpose defined in accordance with the objects of the
church.
Unrestrictèd funds are expendable at th6 discretion of the Trustees in furtheran￿ of the objects of the
church. If parts of the unrestricted funds are eamarked 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 nol legally restricl the Trustees, discretion lo apply the fund.
Income
Income is recognised when the church has entitlemenl to the funds, any performance conditions attached to
the item{sl of income have been met, tt is probable that the income will be received and the amount can be
measured reliably.
Donated services and facilities
Donated professional 5erviGes and donated facilities are reGognised as income when the church has control
over the item, any condilions associated with the donated item have been met. the receipt of economic benefit
from the use by the church of the item is probable and that econornic benefit can be measured reliably. In
accordance wilh the Charities SORP {FRS102) the general volunteer time of congregation members is not
recognised.
On receipt, donated professional services and donated facilitles are recognised on the basis of the value of
the gift to the church which is the amount the church would have been willing to pay to obtain servic6s or
facilities of equivalent economic b8n8fit on th6 open market,. a corresponding amount is Ihen recognised as
expenditure in the period of receipt.
17

Wardie Parish Church of Scotland, Edinburgh
Accounting Policies (continued)
Interest receivabl8
Interest on funds held on d6posFÈ is included when receivable and the amount can b8 measured reliably by
the church., this is normally on notification of the interest paid or payable by Ihe bank.
Fixed Assots
The ¢hur¢h manse and garage are included in the accounts ba88d on a valuation obtained by the Trustees
at 31 De￿rnber 2016. In accordance with FRS 102, the Trustees have decided that the church manse and
garage do not need to be revalued ev8ry year but can be revalued at reasonable periodic Inte￿al8. These
properties are not depreciated as Ihe Twstees are confident that the current market value of them is in line
with the valuation.
The church and halls are excluded from the accounts as the Trustees are of the opinion that a reliable
valuation of the properties cannot b6 obtained.
Expenditure incurred on the repair and mainlenance of these assets is charged as expendlture in the
Statement of Financial Activities In the period in which the liability arises.
All olher fixed assets costing in excess of £10,000 and having a value to the church greater than on8 year,
other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line
basis to wrile off the cost or inilial value, less residual value, of tangible fixed assets over th8ir estimated
useful lives:
Fixtures, frttings and office equipment
Organ
4 years
10 years
Investmonts
Fixed asset investments are stated at market value at the balance sheet dat6. 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 differenc6 between the proceeds on disposal and the market value at Ihe start of
the year or cost rf purchased in the year.
Taxation
Wardie Parfsh Church of Scotland, Edinburgh is recogriised as a Charity for the purposes of applicable
taxation legislation and is th6rèfore not subject to taxation on its charitable aotivities. The church is not
registered for VAT and 8xperFditure therefore includes irrecoverable input VAT.
18

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Wardie Parlsh Church of Scotland, Edlnburgh
Notes fonning part of the financial statements
for the year ended 31 December 2024
2024
2023
7 Staff costs and numbers
Salaries and wages
Locum salary
Soclal security cosls
Pension cost$
Total
41,885
38,753
395
352
39,105
The average number of employees during the year, calculated on the basis of a head count wss
as follows..
2024
2023
Numbor
Number
Familylyouth Development
Admlnistration
Music stsff
Premises maintenance
No employee had employment benefits In excess of £60.000 {2Q23.. £Nil).
All Church of Scotland congregations contribute to the National Stipend Fund which bears the
costs of all ministers, stipends and employer's contributions for national insuranoe, pension and
hovsing arEd loan fund. Ministers, stipends are paid in accordance with the national 51ipend scale.
which is related to years of service. For the year under review the minimum stipend was £31,642
12023.. £30,135) and the maximum stipend {111 the fifth 8nd subsequent years) £38.884 12023..
£37.032).
8 Trustee Romuneratitsn and R¢lat¢d Party Tran$a¢tions
During the year, 7 {2023-. 7) Trustees recelved reimbursement of expenses as follows:
In addition, the following Trustees lor 8 person related lo a Trusleel received a salaryfor providing
servlces during the year..
Truste
£6,855 (2023.. £6,328} as organist. and
Person related to a Trustee..
£2,240 {2023- £1,516) as church officer.
23

Wardie Parish Church of Scotland, Edlnburgh
Notes forming part of the financial statements
for tho yoar onded 31 December 2024
8 Trustee Remuneration and Related Party Transaetlons l¢ont.I
A contract to inslalvfil WiFi to the Main Hall amounting lo £626 was awarded on a commeroial
basis lo Embrace Technologies Limited {trading as HUbb￿bI, a company owned by the spouse of
a Trustee. The Trustee reclused herse￿ l)olh from the decision to award the contract and from its
implementation and supervision,
During the year a total of £30.03512023.. £25,692) was donated lo the church by Trustees.
g Tanglbl8 Flxad Assets
Central
Healing
System
Man$e &
Garage
Audlo
Visual
Total
2024
Organ
Cost or Valuation
At 1 January 2024
AddilionsllDisposalsl
At 31 December 2024
625.000
25,098
29,953
25,304
705,355
625,000
25,304
705 355
Accumulated
Depreciation
At 1 January 2024
Charge for year
Al 31 De￿mber 2024
25.098
29,953
25,304
80.355
29,953
25.304
80,355
Net Book Valu
At 31 December 2024
625 000
625 000
2023
C08t or Valuatlon
At 1 January 2023
Addilionsl(Disposalsl
At 31 December 2023
625,000
25,098
29,953
25,304
705.355
625 000
25,304
705.355
Accumulated
Doproclatlon
Al 1 January 2023
Charge for year
At 31 December 2023
25,098
29,953
25,304
80,355
N6t Book Valu¢
At 31 December 2023
625.000
625,000
24

Wardie Parish Church of Scotland, Edinburgh
Notes fomiing part of the financial statements
for the year ended 31 December 2024
10 Investments
2024
2023
Market value al l January
Investments addition {disposal}
Unrealised gainl(lossl on investments
M8rket value al 31 December
133,779
126,998
5,562
139,341
133.77C
Investments al ¢081
123,968
123 96e
The following investm6rFls are held with the Church of Sco112nd Investors Trust Growth Fund (very largely global
equity-ba5ed and profes8ionally managed by Newton Investment Management Limited, based in London)..
Markèt
Value
2024
Market
Value
2023
Unlt8 held
asat
31 Dèc
Sunday School Prlze F￿n￿
Mr & Mrs Black's Fund
Thanksgiving Fund
Haddow Ftjnd
Total
619
1,256
3,356
3,509
3,949
8.013
21,411
20,45e
50,954
55.761
The following investments are held with the Church of ScotlarHJ Investors Trust Income Fund which is intended for
medium-lerm investment and aims lo provide a high and sustainable income and proteol the long-lerm nominal
value of capital with funds invested predominantly in fixed-Inl8resl bonds both in UK and globally (professionally
managed by Royal London Asset Management Limited, based in London)-.
Units held
Market
Market
Value
asat
Value
31 Dec
2024
2023
General Fund
7.557
82,825
82,825
Total
7,557
83,580
11 Debtors
2024
2023
Grfi Aid Tax Refund Due
8,122
280
5,351
Other Debtors
6,471
12 Creditors
2024
2023
Accruals
Other Creditors
1,140
1,140
1,140
1,140
25

Wardie Parish Church of Scotland, Edinburgh
Notes formlng part of the flnanclal statements
for the year ended 31 December 2024
13 Analysis of Npt Assots Among Funds
General
Designated
Restrleted
Endowment
Total
2024
Fixod Assets
Investments
Current Assets
Current Liabilities
Net assets at 31 Dec 2024
625,000
625,000
139,341
117,947
1,140
881,148
83,580
33,918
1,140
116,358
56,761
3,222
78,242
9.565
696,242
58,983
2023
Fixed Assets
Investments
Current Assets
Current Liabilllios
Net assets at 31 Dec 2023
625,0(10
625,000
133.779
119,569
82,825
87.865
1,140
169,550
50,954
3,636
17,820
10,248
642.820
10,248
54,590
877,208
14 Voluntggrs
In common with all congregations of the Church of Scotland, the congregation benefits from the conlributiorn M￿le
by volunteers who give their lime and talents willingly for the benefit of the Church. The areas of congregational lrfe
which rely on the contribution of volunteers are many and varied and much of the activity would be unable to
continue were il not for the commitment shown.
26

Wardie Parish Church of Scotland, Edinburgh
Notes forming part of the financial statements
for the year ended 31 December 2024
15 Movements In Funds
At1
January
2024
Unreallsgd
Transfers
Gainsl
Inl(out) (Lossgs)
At31
Dgcember
2024
Income
Expenditure
End0￿ent funds
Sunday School Prize
Fund (Wm. Armet
Memorial. Flint
M@mori81, Rev. Rennie
Memorial)
Mr & Mrs Black's Fund
Thanksgiving Fund
Haddow Fund
3,609
7,322
19,565
84
170
453
473
1,180
1841
1170)
1226)
340
691
1,846
1,930
4,807
3,949
8,013
21,411
25,610
58,983
12271
887
1.114
480
Rèstricted funds
Kirk Session Benevolent Fund
Network Fund
Saturday Club lex-youth &
Family Development)
Flower Fund
Tllda Fund
647
5,634
16
138
63
5,772
3,328
639
50
115
(860)
(142)
2,518
612
10.248
319
1,002
Unrestricted funds
General Fund
169,550
153,001
1157,608) {49,341 }
756
116.358
Desi
nated Funds..
Manse
Garage
FaLiri¢ Repair Fund
LegacSes
Equlpment Fund
Wardie Players
Wardie Guild
Open Door
Mothersrroddlers Group
Banner Group
Wardie Traidcraft
Wardie Church Garden
Wardie Community Gala
600,000
25,000
8,076
600,000
25,000
8,282
55,021
2,159
206
1,068
83
53,953
3,315
11,239)
1,884
4,925
13,479)
11.3001
2,030
2,878
312
2,239
1845)
12.2221
2,050
312
48
40
1,522
163.084
88
1.300
812.600
919
164 0901.
610
480
812 370
756
Total funds
877 208
164.583
881.148
Fund Transfers..
Transfers from Ihe Endowment funds represent income re￿iVed whsch can bè used fiw the purposes noted below.
Other fund transfers in the year ere agreed by the Trustees and are elther from the General Fund to Restricted or
Desunated funds foT the relevant purpose, or repres6nt contributions fmm cong￿gatiOnal organi5ations to the
gener81 work of the thurch.
27

Wardle Parlsh Church of Scotland, Edinburgh
Notes foming part of the financial statements
for the year ended 31 December 2024
15 Movements In Funds {continu¢d)
Pur
08es of Endowment Funds:
Income from the Sunday School Prize Fund is to be used lo provide Sunday School awards.
Income from Mr and Mrs 81ack's Fund is to be an ongoing offering lo the General Fund.
Income from th& Thanksglving Fund Is to be shared ￿UallY between the General Fund and The Church of
Scotland Mission and Renewal Fund.
In¢ome from the Haddow FLtnd Is to be used to support the Christian development of children and young
people.
Pur
oses of Rostrictod Funds:
Kirk Session Benevolent Fund: To be* used al the discretion of the Mlnlster for charitable purposes.
Network Fund.. To meet the costs of providing suitab16 off-site accommodation for Wardle Network aclwity
andjor subsidising the costs of attending such evenls.
Saturday Club (formerly called Youth & Family Development Fund).. To support and develop youth and family
work within the church.
Flower Fund.. To provide flowers for church services.
Tilda Fund.. To support the Mission H08pilal, Tllda, North India. This fund was closed durlng 2023.
Pur
oses of Desi
nated Funds:
Man5e- To retlect the value of the manse as al 31 December 2016.
Garage., To reflect the value of the garage as al 31 December 2016.
Fabric Repair Fund.. Normal fabric repairs and maintenanc8 are ¢harged lo the General Fund. The Fabric
Repair Fund is to meet repair expenditure above the fabric repair budget in each year. ExtraorL1inary
improvement or projects are met by spocial funding efforts.
Equlpmenl Fund.. To provide or replace church equipment.
Wardie Players.. To meet expenses of local productions presented by the Players. This fund was c108ed
during 2023.
W8rdie Gulld.. To support GLfild community and Charitable actDltty.
Open Door: To support group (x)mmunlty and charitable activity. This fund was closed during 2023.
Mothers￿OddIers Group {formerty called Toddler Group).. To provide outreach in the ￿mMUnIty.
Banner Group.. To support the provision of creallve materials to enhance worship.
Wardie Traid¢raft-. To provlde a regular stall fio encourage fair tradlng. This fvnd was closed during 2023.
Wardie Church Garden: To organise and support the care of the church's garden.
Wardie Community Gala.. To organise and support the bi-annual Wardle Community Gata.
Legaci88'. To reflect the vallte of reslricled and unrestricted Legacies received, pending consideration by the
Kirk Session of appropriate projectslpurposes.
28

Wardle Parlsh Church of Scotland, Edinburgh
Notes forming part of the financial statements
for the year ended 31 December 2024
15 Movemonts In Funds {contlnued)
At1
January
2023
Unrealised
Transfers
Galnsl
Inllout) (Lossos)
At31
December
2023
In¢omo
Expendlture
Endowment funds
Sunday School Prize
Fund (Wm. Armel
Memorial, Flint
Memorial, Rev. Rennie
Memorial)
Mr & Mrs Black's Fund
Thanksgiving Fund
Haddow Fund
3,343
6,782
18,122
22,164
74
151
403
421
1.049
{741
1151)
(2021
268
540
1,443
1,509
3,609
7,322
19,565
12011
201
427
Restrlcted funds
Kirk Sossion Benevolent Fund
Network Fund
Saturday CluL) {ex-Youth &
Family D8velopmenl)
Flower Fund
Tilda Fund
647
5.634
5,602
32
3,719
781
695
11.440
(3911
12771
3,746
3.328
639
135
3.051
10,248
Unrestrlcted funds
Gerwal Fund
141,978
173,493
1156,237)
7,293
3,023
169,5SO
Desi
naled Funds.-
Manse
Garage
Fabric Repalr Fund
Legacies
Equipment Fund
Wardie Players
Wardie Guild
Open Door
others]Toddlers Group
Banner Group
Wardie Traidcraft
Wardie Church Garden
Wardie Communtty Gala
600,000
25,000
12.544
600.000
25.000
8,076
71
14,539)
3,788
1.372
2,005
283
702
126
423
22
28
4,660
{495}
1900}
{3,537}
11121
12531
3,315
(5001
11,2441
1171)
1.884
2,429
130
45
2.878
312
56
(4681
12461
1,307
789.822
1.307
812,370
180 878
161780
427
3,023
Total funds
851,673
185 149
166,395
6,781
877 208
29

Wardie Parish Church of Scotland, Edlnburgh
Notes formlng part of the financial statèments
for the year ended 31 December 2024
16 Collections for Thlrd Parties
Edlnburgh Direct Aid {Reliring Collections and Wardle Gulld)
Fresh Start {Scotl8rKII (Wardie Community Gala)
Edinburgh Street Pastors (W2r(Ile Gtslld)
Starchild Iwardie Guild)
Bethany Christian Trust {Retiring Collections)
Disasters Emergency Committee (Alternative Gifts for Christmas)
Sunflower Garden (Wardie Guild)
People Know How (Allernative Gifts for Christmas)
Church of Scotland (Thanksgiving Endowmenll
Tilda Misslon Hospital {Pennies for Tilda)
Blelher wlth Beal (Wardie Guild)
Heart of Newhaven (Open Door)
2024
2023
1,010
680
1,106
50
480
650
650
250
428
844
386
403
350
227
201
3,746
547
56
7.683
30