Blackhall St Columba's Church of Scotland Edinburgh Trustees, Annual Report Year ended 31 December 2024 Congregation fi"0: 10007 Charity No: SCI)08756 Blaekhau St Columba's Church of Scotland Edinburgh Trustees, Report Year ended 31 December 2024 The trustees prtsent their annual report and financial statements of the charity for the year endeAJ 31 Deccmbcr 2024. The financial .%titctnents haiie been prepared in accordance the accountillg policies set out on pagcs 13 to L5 and comply with the Genetxl Assembly Regulations for Congregational Finance, the Ch2Titics and Trus￿ Jnvesttnent {Scotland) Aci 2[￿5. the ChariCia% Accounts (Scotland) Rc.oulations 2006 (as amended) and Accounting and Reporting by Charities." Statement of Recommended Prtictiee applicable to cbaritits preparing tbeir acwunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Objeetives and ACti￿tieS MembershAp The annual statistical reTUm as ￿ 31 December 2024 tt> The Presbytery of FAinburgb & West Lothian shows a fa]1 in thc Cornmutiion Roll- from 537 to 529. During 2024 i￿e u?elcomed 14 nciv rnembers. compared to 8 the y¢ar Ecfore. Sadly 17 Tncrnbers died during the year and 5 membcrs left us as a consequence of moving io anotherpaJt of the coullty or for other re&8ons. A census w&s re.oularly carrtcd out during the year to DKasure actual Sunday momin£* attendan¢e. The average attendance was 127, bastcally at the same level as the past two years. Bla¢khall St Columba's still rernains one of the best attended congregations across the Presbytery. Meml*rs continue to have the option of ￿atchIng the Service beino live Streamed or catch up You Tube at soine later tim¢. Our Christmas Eve Services wer¢ again iTery ivell attended espcciauy the Christingl¢. We are not alone in having an ageino congregation and our dual focus remains lookin(tr after our existing membership ivhilc ii'orking at attrdctstig young pcople into the fold, thc latter is very much the challenge of all Churches. KiTk Se55ion During 2024 there were no Eldets oidain¢d OT inthJcte(L Sadly Jim tAill& a long standing and nwch respected Elder, passed iWAy in AugusL Blaclthall St Columba's Church of Scotland EdtDburgh Trusteey, Report (contittued) Year ended 3A December 2024 Kirk Ses5ioD {contiDued) The smooth and efficieiii runninu of Church Itfe and the manv athivilies carried for member5 and the Parish comrnunitr depe￿d5 on the ka(kT5hip of thc Working T¢am Leadejs and Convener& wbo all coniinue to do go(Ki work w'ith ￿rat dedicarion. In m}, caFpaciz%' as Session Clai- l am iiiilciiil un th¢ support 25111 tl.SSlblLLiILtr of mamv EldeT5 and monkrs. Roll Keyrl I Safetsu2Fding Officer) Communion linule Secretarie% for Se55ioi ), and torl. I remain appre¢iattve fff all their SUp￿rt and am ho rr•dity stand% in ftr me when l am unavailable. C'.onvincri. PdtLkbularly graL¢ful LO . through the year luok the lead of lookill: sly￿d as Offi￿ Se¢rel#ry. Thereaft¢r ftDr ihe ofhce_ )d after ll of i'e2r% of dedicated suvice &8 the Cateri ('QMWLmir. It W' elenings and Film Nighis held in the £am'iuxry' throughout th Dec*ll￿r we win held * Nwiviw linil ¢all¢d "M8rv'5 JourDo". This v'as a real tram effon with ¢ir(xt 60 tRctnbet5 iTrvolvd in all astKaS. T1)roughi)ui the %'LWI)ctt%ional joini kni￿% wtrehcld a￿￿g￿lI￿ l)rylTh. In ()ctolkY Kirk Session agreed to TenarnE the N(ffth kncwary as'sl Co5umba'5 ChapeL During thr ycAr. from Rctiring Offerings. we suptK>rted the followÈng charrties. Feb￿ary Communion Fast¢r Services ILNLI South ISJeeftsferry Rock Tr ju￿ Communio ary's Meals YMCA OcEober ConuJM]n&on Christm&% Service Scoiiish Bible kniety and Freth Start Th¢ WATCH Committcc contillu¢d th¢ pr￿￿ TeGI)rd of supporting deservTng cal￿$ Out H'ith our iTrwn w¥lls b). during the s￿Ond hdlf of the %"ear raising £10.0(￿ from various acllviiies for Blood Cancer U We cOntin￿e to wblish and distrb] ute two fine M￿aZIne4 namely KI￿ News and Blackhall Bulletin which allom re4¢h out and communicate across the Parish and to our members. Judith Mair and Barbard WTlson. r¢spective Editor& tM)th do an excelknt job in producing thtte publi￿tiOns. Finally, on behalf of the KI￿ Ses5ioffj 15houkl l&¢ to thaDk. • Minisrer. for his ministy and leadership over the past yeAT. As M'e await h￿ing what the PtEsb￿efj' Deplo)Thent Committee pr(p)se under the Ptesbytrry Plan we will continue to delii'er the Gocd News acrois the pansh and iw-on(L Blackhall St Columba's Chureh of Scotland Edinburgb Trustees, Report (eoDtiDued) Year ended 31 December 2024 Financial Rei'iem. Total income in the y&qr has decreased by £34,731. Weekly offertnos. including related gift aid, have dEcreased by 0.20/• compared to thc 1.50/. fall itl the CoM￿U￿l0D roll. Charitable inconic {con4)iising incon]e frorn ￿'eddIngS, fiJueraIs, cofftt D)omings and the church n￿gaZille) has dccrcased by 3.020/0, additional fun(ts of £3,843 ￿ere Taised from fundraistng. The Church Halls continue to generat¢ funds for the Church froTll activi(ies ranging froR] Blackball Playgroup, Badminton, Dance and Art Class¢s, this income has intteased by s7.￿/0. There has been an increase iti expendtture cornpared with the prelryous }'ear of £27,705. Thts increase is largely from increased building COS￿ repairs, and other expeLqes duTing the year. lllvestment policy and performallce The chllreh holds an investment in the Churcb of Scolland Inv>ors Trttst Growth Fund. This fL￿d is very largely equtty-b2sed and is intended for long-t¢rn) investmenL The fi￿d is opernted on a unitiscd basis and aiTh to pro3ryde capital growth. Units cal] be pllrchased or sold monthly. Income is distributed gro&% in May and Novembei. The Cjrowth Fund is professionally rtknw￿ged by Newton Investment Management Li[llite￿ bascd in London. Th¢ Trust¢es use a benelunark to monitor the performance of the fund mallaoers. The benchmark was changed from 24th Febnw 2020 10 reduce the ovenvelghting to UK equiues and Bonds and to allow invcsttn¢nt in new asset types llo￿. preNalent in both iDstiOJtional and ret2il iniTestJnent fiinds. The asset split of th¢ benchmark is noiv.. Global Equities 750/0, Global Bonds 10/0, Altematives 8%, Property Funds 50/., Cash 20/•. The cumulative perfomunce of the Growtb Fulld to 31st December 2024 for thc last year, 3 years and 5 years ts & follows. Church of Scotland (/) 4.15 BenehmaTk f/0 5.14 Relative (/0) -1.25 12 months to Decernber 2024 3 years 5 years 4_80 7.10 -2.30 8.10 -2.20 Blackhall St Columba's Chureh of Seotl2nd Edinburg Tru5tees' Report Year ended 31 December 2024 Risk management policy Investment". The church mailltain5 a current account a rerail Bank wher¢ the balance is 11)aintsilled Ixlow the upper limit of the FitWAcial Services Compensation Scheme (FSCS). IDvestrnents are beld ill the C.hur¢h of Scotland Investors Tn￿t Deposit Fund and in the Church of Scotland tnvestors Twst Grow￿ Fund. The Trust ib subject io the risk safeguar&" put in plxce by thc Church of Scotland and through regul￿tOll of the investmcnt manager by the FI[￿cial Conduci Authority. The Trnstees of the Chllrch of Scotlalld Investors Tn￿t maintsin a Risk Regtster which is re￿eWed periodieally by their Audit Sub£ommittee ill order to ensure that the main risks to which the Trnst is exposed are bcing managed effectively. The principal risk Telate5 to the rnanagemenl of the perforniance of the three Fund Managers. This is mitigated by the inves(ment expertise of tbe Trllstees 2nd their rcgular motiitotillts of thc relative perfornjance of the investnLen( maTrigers. In response to such mollitoring, the Trustees Tnay vary the terms of the n￿ndateS gaven to each Fund Ma[￿SeE OT may temiinate tbe contract with an existints Manager and appoint a replacemenL An cxtci'nal iuvestment consultant is rctained to pro￿de illdepeT]deut advice on the pcrfomwce of thc owth Fund Managers. The risk of ￿Ark¢t flucwations in capital vallles and income distributions of our investments rasts with Bla¢khall St Columba's ChurclL Management of the finances is in the day to day of the treasurer. Risk controls include.. Monttdy rnanagement accounLS are provided to the FirLance Team of the Kirk S￿l0n. Copies of bank statemcnts are proiided as they are received to the Gift Aid Conirellor and the Deputy Trcasurer. church's accouDts are examitied annuxlly by an Independent Examiner who are a fiml of Chaner¢d Accountants. The risk of income being less than expenditure is mitigated as follows.. Reserves are maintained as detAiled in the secuon. Reserves Policy. The congregation are the principal souree of income through their offerings. A second significant source of income are the tontributions Teceived tor thc use of the halk. Blackhall St Columba's Chllrth of Scodgnd F.dinburgh Trustees, Report Year ended 31 December 2024 Finanees: (continued) The congregation are asked annually to re￿tW the level of their Offerin￿ and are asked w at le&st Tnaintain its level against inflation. They are also asked from time to time to give to specifLC fi￿d raising ap￿als, mainly for fabric related pu￿seS and have respollded generoLtsly. The principal risk to this incorne is loss of TneTnbers through death and moving aivay and members not increasing their offerings in line with inflation. This is miugated by n¢w members and member8 incr¢asing their offcrings. Howevcr, it femal￿S a major issue for the church that the Kirk S￿10￿ are aware of and monitor. The risk of loss of conttibutions for the of our hal]s is mitigated by iDsufdnce of the buildings alld by the fact thttt there is a lack of comparable faci]ities in the victnity. The risk of legacies noi being received is ￿ltigat￿ by possible fitture legacies not being in¢luded in the plaDn¢d budgets of the church. The risk of expenditure being higher than budgeted Is alivays present and is mitigated by monthly managett￿nt accoun(s reporting the illcome and expenditure iD the yw to date. Control of this risk largely li¢s ivith the Treasurer and the Finance Team together with the fact that any iteEn of expenditiire other thall routin¢ expenditure has to be approved in tdvauce by (be Kirk Sossion. Fire: a fjre sthty co-ordinatOT is appointed who G￿rIeS out an annual Fiff Safety Risk AssessmenL Fire appliances and the fire alami system are seThiced amiually. Evacuation proc£dures appear on ach order of service. An annual f￿£ dr&ll is held. Proteetion of Children and Vulnerable Adults: written pr(ttdurcs and a designated c04)rdinator ill comp]wice with the Safeguardillg Pob"cy of the Church of Scotland. DÉsability Discrimfinxt5on'. disabled access ￿ both the Church and halls with a disabled toilet facility. F.mployment: employees are given eontracts of ewloyment and employment adN4ce is tsken from professional advisers &8 required. Insurance: compreELensive iDsuranc¢, covering all assets, acti￿tieS and risks to TAthich the church may be exposed from time to time. Blackhall St Columba's Church of ScotlaDd Edinburgh Trustees, Report Year ended 31 December 2024 Reserves Policy The Trus￿es, haiie revieived their r¢sents policy and consider il prudeni policy to bold reserves of at least three mollths, ex￿ndItll￿ but if possible to hold a reserve of six montbs expenditure. This will be determined year by year by the leN'el of gil￿g to the Church relative to expenditure. In addition a designated reserve is maintAined for fi￿re fabric spendins Designated reserves are also maintained where the Kirk Se55ion has ]uled that mon¢rory gifts to the church should be used for a specific purposc but Whe￿ the designation is not binding. In tbis caicgory. we hold a reSe￿e to fimd a Youth Worker and a rcs¢rve to meet servicing and repairs to our . Restricted reserves are held where a gift to the chutcb has been n￿de ivith the use of that money restrictcd in the t¢r￿￿ of the gift. In that catgory ￿'e hold sma]I reserves to fund the ser%qcing and replacement as nece&82ry of the church's hvo ivheelchaits. At the year end tbe Church held unrestricted c&sh fillKls of £246,805 and investhicnts of £48,609. Total unrcstricted funds now slightly cxceed the desionaied reserves and approximately six nionths, expenditure target. This is as a result of legacies rcccivcd durino 2024. During 2025, the desigrAated reserves will be incre&%ed to allow for fikn fabric expenth.turc ￿'bEc￿ due to the nature of the church building, is likely to be substalltia] ii'ben it is required. The Church also held £86,687 of restricted which have been provided for the pU￿oSe8 $pecified in Note 14. Structur4 Governallee and M2n2gement The congretsation is a registered charity. number SCOO8756 and is athninistered in attordance Thith the terms of the Deed of Constitiitiott (Unitary Form) ￿,hiCh was adopted dutitLg 2017. At pre5enl rnembcrs of the Kirk Session are the charity trllstees. The Kirk Session memlxrs are the elders of the church and are chosen from those meinbers of the church ivho arc considered to have the appropriate gifts aud skills. The minister, ￿,hO És a menther of the Kirk Session, is elected by the COn￿egallon and inducted by Presbytery. Within the Church ccrtain responsibilities are delegated to the Finance. Fabric and Premises & Staff workin￿ Teams as appropriate. These trams rewrt to the Kirk Session. The Kirk Session n]ee￿ 10 timeb a alld is rcsponsible for SPAriDJal and managcment affairs within the church. Blatkhall St Columh's I'hpreh of Trnstees. R¢w)rt 1tthn1inu￿ Tr e#r eDded 31 DecemlMr2024 Rtferenfe and,adJtrinistr•ti*t IhfomatioD Tr¥sttt$ Ikirk Se55lnll- Truslee¥ durin% 2024 ineludrd abo%e= Tri0￿¢ The fu]]owiDg eitbér retired ord￿d 14 2024 James lair￿. Died Aug￿ 2024 The Principal Offi¢e Be4ttrsxrv. MinisTrr'. sioR Clerk: chU￿h Treas￿er .haritY lumber SCOOR756 PitD¢ipAI The Lhurch ()tSL% ColwnbyA Riwl Edinbwgh E114 )Qli IndeptDdeMI F.x#miDer tiiown Mcktrrell L]mi 28 RtstlaDd Square F.dinburgli F.111 2BW A&nktr5 B￿k of Stodand 4i Cotnel}" Bank EdI￿bi￿ EH4 IAF Blackball St Columba'5 Churrb ofScotlaDd Edinburgh Trn$¢ees' Report (conti￿lled} Year ended 31 Detember 2024 Trustees, Responsibilities in Rekntion ￿ the Finameial Ststemettts The charty trustees are resFrt)nsible for preparing a trustees, annual rcp)rt and finallcial stsiernents in accordance with applicable law and Unit¢d Kingdom Accountino Standards (Unitcd KingdoJn Generally Accepted Accoullting Practice). The law applicable to charttie% in Scotland requires the tystees to pr¢pore fu￿￿1￿1 statcmciits for e&h financial ycar w'hich show a and fair Yiew of th¢ state of affairs of the charity. and of the incoming resouTces and application ofresources for that perio(L In preparing the fllwKial statements, Ihe trustees are requiTed to.. select 5Uitable accounting Folicies and then applv them consistently: observe the method and principles in the applicable Chartties SORP" make jud8ments and ¢stIn￿¢S thal reasonable and pru(kn¢ stalc whcthcr applicablc accounÉin£ standards and 5tateTncnts of recommended practice haile been followe￿ subject to allv departures disclosed and explained in the financial statements: prepa￿ the financial 5tatcments on the going COTEcern b&sis ullless it is inappropriate to preSUll￿ thai the charit). wÈll continue in operational existence. Thc tru5te¢s respjnsible for keeping propcr a¢rounlints rerord5 which disclosc with reasonable accuracv at anN' time thc fuJan¢ial wysition of thc chan.ty and to enable them lo ensure that the financial slalemenls complv with the C￿￿ritIeS and Trustee InVes￿ent (Scoiland) Aci ?005 atKI ihe Charities Accounts (S¢otland) Regulations 2006 (as amended). Thei, are a]50 responsibl¢ foi safeguarding the itssets of the chaTity and hence for tsking Teasonable steps for the PTeventiOll and detection of fraud and other irregularities. Thc trustees are reswjnsible for Ihe maintrnancc WKI integriti of thty charÉty" and financial inforniation on the congregatton's website. L£giglaiion irL the iinited Kingdom goiierning tbe prepardlion alld diisemination (Trf financial ￿ateMentS ma}, differ from legislation in other jurisdictions. Approved by th¢ TnLStees and signed on th¢ir behalf. Llerk Blackhau St Columba's ch￿rCh of .Seotlsnd Edinhurgh IndependeDt Examiner's Report to the Trustees of Blackhall St Columba'5 Church of Scotland Tr'dinburob Year ended 31 Decetnber 2024 I report on the a¢¢ounts of the charity for tbe ￿ar ¢Julcd 31 D￿eth￿ 2024 which are setout oll pages 11 to 20. Respective YeS￿nSIb￿r￿eS of trustees examiller The chatitrJ"'S ttU5tccs are responsibl- for theprepardtion of the accoiints LD accordancc the tern￿ of the Chariucs and TrUs￿e lni.'estn￿l (Scodand) Act 2005 and the Clwtlles Accounts {Scotland) Regulations 2006 (ai am¢nde￿. Basis of independent e5aDJ￿er'5 statement qTr' examination is carried out in a¢cordatkc£ with Regulation I l of the c]￿ltieS AC￿unts (Scodand) Rec￿]￿tiOnS 2006. An examina(ton inellldes a re￿eTrV of the accouning r¢cords kept by th¢ charity and eotwison of the accounts p￿sented those records. It also includes eonsid¢rdtion ofauy unusual itell]s or dis¢lu>ures in (be accvuuls, and seeks explan2tiOn5 from the I￿￿teeS concerning any such tiers. The pttYtdures underraken do noi provide all the evidence thai ￿oUld be-.equired in an iudiL and conscqucnily I do not express an audit opinion on the view givell by the accounts. Independent examiner's statement ID the eourse of my examination. no matter come to my attelltion: which gives ]ne reasonable cause to bclievc that itl any watcrial rcspcct th¢ requircm¢nt5'. to kcep awouDting r￿ordS in accordance Seciitsn 44(1) (a) of the 21Kli .4c(2nd Regulation 4 . to preparc acco)Jnts wtrLich a¢¢ord uith thc accounting record5 allG COtw)l}' with Reoulation % of the have not been mel or tu ivlLILlI, in my upinion: atten.ion should be dr211￿ in OTdeT ￿ enable a proper understanding of the 28 Ruil8md Square Idinburg.i EHI 2BIV Blackhall St Columba's Church of Scotland Edinburgh Statement of Flnancial Activities Year ended 31 Deeember 2024 L nrestrieted iiinds Rcstricted Endowment Unrestricted Fllnds 2023 Restrleted Endois'ment ri uiids uiids 2023 Totnl 2024 Total 2023 2024 2024 2024 2023 Iiieome and cndowments frDm: Don¢2tions and lebr￿LI¢S CharttdblL aLlivilic% Tncoine froiii oilicr tt'ading activities liiN'¢stm¢iil. Tot#l incom¢ #nd endowmeTIts 202,302 l D,625 39,162 11,343 263,432 202.302 10,625 39,162 13,638 265,727 255,211 9,842 24,8(13 4,719 294,575 3,212 258,423 9,842 24,%03 7.390 300,458 1.642 1,642 653 653 2.231 5,443 440 440 ciiditure oil: Ilaising fuiids Cliaritable IiLtivitie5 'I'otal ex ciidilure 251.999 251,999 251,999 251,999 224,201 224,201 93 93 •94.?(J4 ??4,21)4 Net IticoiTioI(expendlture) bL.furL kpuln% und losscs on Investment$ Net {lossLslJ gsaiii% i)n invc¥ttnLnts Ti'an%lei'% bLlwccii fundg Net mtsvement In funds 11,433 4,190 1,642 13,728 4,190 70,374 3,276 5,350 44 76,164 3,276 15,623 1.642 653 17,918 73,650 5,350 440 79,440 Totthl futJd% bNIukrht forward 285.678 115.045 12,498 383,221 212,028 79.695 12.058 303,781 Totiil fundi carried forTh2d rd 301,101 86,6%7 13,151 401,139 285,678 85,045 12,498 383,221 Bidckhall St C.01￿Mba,$ Cbwrth of Srollgn4J EdiDbxr8b At 31 J)ecoDther 2024 2024 lllrtjtrfitted Ites¢rthd EnthI￿rAt￿L u￿t￿rrIttEd Rtyricttd EndtsH'mEnt FuDd$ FuDts Tvtxl Funds FuDd5 Toixl Iriied ran￿bl£fIXed Invtshttents 48.609 4S.609 44.419 44.419 CttrrentA35¢ts I)cbi4rs C¥h at bonkand ID halld Lll 974 ?7J04 34f,659 373.173 063 1351 816￿¢ 8).1￿5 46805 73J35 314?90 341,704 244.161 11498 Ci'edilors A]]M￿ntS fa1lill4trd￿ withinouc 20.613 2,90? Nct Current Asw$ 86.087 85.045 11498 338.802 NetAsseis A2 301.301 86.6S7 401 139 285.6-,8 85.04) 3R3.??.1 ndow]lleutFuuJ R•￿Irtcted Fulld5 T)*￿￿ated Funds Ullrestricitd FuDds 14 14 14 J4 Il49g 12.498 Y.%,045 91475 193,203 87 85.045 86.687 401,139 The accollttL FoTand on k.li 12 Blaekliall St Columba's Church of Scotland Edinburgh Year ended 31 December 2024 Aecounting Policies The principal accounting policies, which havc been applied consistently in the current and preeeding year in dealing with items which are considered matcrial to the accounts. are set out below. The presentation cutrency of the financial statements is Pound Sterling (£). Monetary amounts in these fmancial ststements are rounded to the nearest £. The charity is a public bcnefit ents"ty. Basis of preparatiojj The fjnancial ststements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preL)aring tbeir accounts in accordance with the Financial Reportino Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporcing Standard applicable in the UK and Republic of Ircland {FRSIO?), tbe Charitics and Truslee Investment (Scotland) Aet 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended). Fund accounting Funds are classified as either restricted fi￿dS or unrestricted fi￿ds, der￿ed as folloi¥s. Rcstricted funds are funds subject to specific requirements as to their use ivhich may be declared by the donoi or with their authority or created through legal processes. but still within the wider objects of the charity. Endowment fulld% are funds which have been giiien on the condition that the oritsirAal capital sum is not reduced, but thc income there from is used for the purpose defined in accoidance witli the objects. of the charity. Unrestricted funds are expendable ￿ the discretion of the trustees in furtbeTance of the objects of the Charity. If parts of the unrestricted funds are eartllarked at the discretion of the trustees for a particular purpose, they ate desiunated as a separate ftmd. This designation Iw an administrative purpose Ollly and does not legally restri¢t the t￿￿treS. discretion to apply the fimd. Ineoming resollrces Income is recognised when the Ch￿lty has cntitlement to the fi￿ds, any perforniance conditions attached to the item(s) of income have been meL it is probable that the income will bc received and the amount can be n]edSUted reliably. Donated services and facilities DotLated professional services and donated faciliti¢s are recognised as income wh¢n the cbarity has control over the item, any conditions associated with the donafrd item have been mel the receipt of economic benefit from the use by the charity of the ilem is probable and tllat economic benefit can be rncasurcd reliably. In accordance with the Chatiti¢s SORP {FRS102) the general volunteer time of congregation members is not rccognised. 13 Blaclthall St Columba's Churcb of Scotland Edinburgh Year ended 31 Deeember 2024 Donated services and facilities (continued) On receipt, donated professional services and donated facilities arc reco.￿lsed on the basis of the value of the gift to the charity Thhich is the amount tbe charity would haiTe been willilltr to pay to obtain scrvices or faciliiies of equivalent economic benefit on the open marke4 a corresponding amount is then recognised as expendicure in the period of receipL No recognition of the value of the Church premises provided by Church of Scotland is made in the accounts in line Church of Scodand policy. Interest rteeivable Tnterest on ￿ndS held on dep)sit is included when ieceÈvable and the amount can be measured reliably by the charity. this is nomally upon notification of the interest paid or payable by the Bank. Tangible r￿ed assets The cllarity has the right to OCCUPY 2nd use for its charitable objects ccrtain tangible fixed assets. including the churc￿ halls and manse, I'ested in the Church of Scoiland General Trustees. No consideration is payable for the use of these assets. Expellditure incurred on the repair and maintenance of these assets is charGed as resources expended in the Statement of Financial Activities in the period in which the liability arises. All tangible fixed assets costing in excess of £5,000 having a value to the charity greater tball one yeaT, other than those acquired foT specific purposes, are capitalised. Depreciation is provided on a strai(rht- line basis to I￿lle off the cost or initial value. of tsngible r￿ed assets over their estimated useful lives: Fixtures, fittings and office equipment i yeats ljjvestmellts Fixed asset investments are stated at M￿et value at the balance sheet date. Unrealised gains and kosses represent the difference betsveen the mark.et value ai the be(FinnIn￿ and end of the financial year or, if purcbascd in the year, the difference betMTreen cost and market value at the end of the year. Rcalised gains and losses represent tbe difference bctweell the proceeds on disposal and the market value at the start of the year or cost if purchased in the year. Taxation Blackhall St Columba's Church of Scotland Edinburgb is recognised as a cELarity for the purposes of applicable t&iation leuislation and is therefore not subject to taxauon on its charitable a¢iivities. The eharitv is not registered foT VAT and resources expended therefore inelude irrecoverable input VAT. 14 Black-hall St Columba's Church of Seotland Edinburgh Year ended 31 December 2024 Financial instruments The Charity only cnters into basic financial instrument transactions that rcsult in the recognition of firLancial assets and Iiabitities like trade and other dcbtors and payable& loans from baT)ks and other third parties. At the end of each reporting financial assets that are measured at cost are assessed for objectivc evidence of impairmcnt. If obj¢ctive cvidencc of impairnient is found, an impainnent loss is recognised in the Statement of Comprehensive Income. If there is a decrease in the impaÉrment loss arising from an event occurring after the impairrnent ￿'aS reco￿lSea die impairmetLt is rei'ersed. The reversal is such that the current canying amount does noi excecd what the carrying amount would have been had the impairnient not previously been recognise(L The impainnent reversal is Teelbgnised in the Statement of Co￿p[che￿sIvC Income. Financial &sseL8 are derecogtiised when (a) the contractuaI rights to the cash flom's arising from the asset expire or are settleQ or (b) substantially all the risks and rewards of the ownership of the asset are transferrcd to another paty, or (c) control of the asset has been transferred to another paty. Financial liabiIities are measured at a￿OrtiSed cost less ally accumulated impaimlent Iobses. Financial liabilities are derecognised when the liability is extinguished. that Is when the contractual obligation is discharged, cancelled or expires. 15 BTxtkball St C.olumb*'$ Churth ofscotland EdiDIMT¥ Note5 forrnillg Dart of the attoitDts For th¢ y¢4r ¢nd¢d 31 EP¢¢¢mber 21124 IlknrtStrKtEd Rtstricw Endoivmmt Fund5 2023 Funds 2024 Futtds 2024 Totsi 2024 Totil Z023 2024 2023 202J I Volulltary itttomt Offetings recovered¢)n Gift Aid Legacies Cottgregatio]￿ cotttribLQioJLS 152.686 31922 11,050 152.616 31922 11.050 3.1KJl 15J.417 31.993 67.550 153.417 32.590 67.550 597 1615 2.615 202.302 202_302 2 1Dcome frybm ¢bxritabk a¢¢ivit Weddin&q a[￿ FuneTrls Coffcc ¢nornings etc Adv¢rtisllJg in church magari FuDd¥aisiDg 3.620 1,102 3.620 3.838 947 1208 2.849 9.842 3.838 947 1208 1849 3.843 10.625 10.625 3 Ineome from other trading adiyitits Use of Premi R¢nt 39.162 39,162 24.803 24,803 39.162 4 lovtstment IDWllIt Deposii Ill￿reSt DiYid¢nds rff¢ived IOJ14 1.029 1.642 653 12.6(Y) 029 3.805 914 4.719 2.231 440 6,476 914 l.(A2 653 440 5 .In¥tysis of Resourc￿ EiptDded Raising fllnds Offttmg EnvclorKs Fwiijwsiog Cb*ritableActivitiE5 m￿lStrIcS and Missioll Altoc Presbytery Dues Ministets bxpeDs Pulpit Supply Other costs Fabric R¢pairs & Maitthanr£ Council T& Other Buiidiw Costs Church OffIce ExpeDses (kgall & Mu%it Othttexpcttqes ILb,776 222Q 220 534 43.351 Tl.825 I1￿.776 2.220 220 534 43Jil 27,825 l(M>,658 1,948 218 100,658 1.948 218 loo 48,847 9.504 3,655 27.033 4,863 48.847 9,5￿• 3,655 37.557 4,812 1.093 23,873 37.557 4,812 l.l(A 26211 224.201 23.873 251.999 93 93 26.304 224 294 93 Suppon c05ts have not b¢en sepyratrly identifrd &5 thetrustrc5 c￿￿$1￿th￿e i% ￿l5.0￿c￿￿￿abIe xtivity. Therefore supwt c￿ts Teth wts)lly to that activity and have ]]OL been 5ewdtefy ideJJtifie(i Jno]ud¢d withlll othEr£xp¢vsts a[¢ fi￿a￿l￿1 5¢tviLw of £2.88012023.. Q8201 16 Bl*ekb*ll St co1￿￿￿,$ Cktutch of StotlllDd E41iDhrE Notes fornimg p*rt of tht For tb¢ y¢*r ¢lldtd 31 Dtc¢mber 21)24 21124 6 Staff Costs and numbtys SalariE3 41J41 1.810 43.351 47.654 1.193 48_¥47 Th¢ avwa8E ttutttsofwlovtts IkY¢ar, calojlthon thc b&sisof *lthJ Lym￿( wasas frJll(Mvs: 2024 iozJ li￿Mber .Mustc sraff There ￿tre ￿ staff in the ye¥ review orpre%wll8 )t*paid ovet £flilJX) All Church of $￿and cI)llgTegati￿S contriFrtlle Èo tk Ng1ioD•I StipeThl FuThJ whith the Cl￿ tsf all Minis*rs' Sti￿ld$ are paid in a¢c4thce with the natimaj SI]￿d Mthith is tdated to pr5 of seThitt. F(>r the )w uTrd¢rT¢Vi¢W th¢minim￿l £31.612 theMaxim￿n stipwd &4884. 7 Tnwtt RtrnThrtr#tioD Rthtod F#rtyTr￿￿cl￿￿5 t)wing ihe year dKr¢ rrf>Tm)buTsem•its of.￿ra] ¢wxnsts121)23.. £NtL} io th bijths Ell¢M￿ ol-th¢ Kwk SessLQD. was paid a Sala￿ of %114￿ 12023. £1 l.i45} the ylulliil tsi Iir £J.738 was paid rL4Ld of thc ll]aJLSC OCC42PiC41 b). EnllJi51cr. No Tn]tys wal￿d Ib¢ ri8bi 10 thfjtity duringd￿ y￿. Durin¥ the year of £J4.J7612023.. £44.471} w&% lo T restrictions atschtd to th￿￿10[L$. 8 T*thwbk Assets Fquiprntttt C￿¢ Ar l JanuvJy 2024 Addili(K At 31 De¢ember20?4 I&￿5 5.022 ,717 23.717 ￿t￿m￿l￿ted Ikpretiation AÉ l Janu2o' 2024 Ch￿t fiYyeAr At 31 tkcemttr 2024 L&IWS 5.622 23,717 23.7J7 Net Book %'#lu¢ Ai_l I Ikcetnber 7024 Ai 31 2023 17 Blackhall St Colvmba'$ Cb￿r(h of StotTand Edinburg Notcs forminR partof the accounts For the year e￿ded 31 Detember2024 2024 2023 Matketvalue at 31 December 2023 Disposals of asxts Reabsd1O￿ on Unrealised (los￿1/gaIn on iDvestll￿ts Matket vaIue * 31 Decanbtr2024 44.419 41.143 4.190 48.609 3276 44.419 InvesD))ettts ai cost 15.649 The following invcstmcJJts atehel(L. Churchof Scodand JnvestorsTnESL 7,619 Groth utsits 10 Debtors 2024 2023 Gift Aid Tax Refund D H211 ReotDebtots 24360 3.144 27504 23,919 3,495 27.414 11 Creditors 2024 2023 Accruals Trade Creditors 1902 17.741 20.643 2,902 2.902 12 Attalysi5 of Net As%ets Among Fulld$ Yearended 31 Deeember 2024 Genergl Rc5tricteil Endowmellt Total Fixed A￿ets Investnients Cu￿ent Assets Current Liabilities el assets at 31 Dec 2024 48,609 155,598 48.609 373,173 117.7J7 86.687 183.564 117.737 86.687 401.139 Year ellded 31 Decemb¢r2023 GeLeral D￿￿￿￿￿tea Restiitttd Endoiiment Toial Fixed Assets Tni'esiments Current AsEets Current Liabilities Net asstts atjl Det 2023 44.419 151,686 44.419 341,704 91475 85.045 12.498 193203 91475 12.498 383221 13 Volunteers In comD]orL With all congregatioDs of the Church of swti3￿1 the con¥¢won t*nefits frotll Ihe e¢)ntributiort made by volunleets giTrE their time and tslettts willtngly for the benefit of the ChutdL The areas of COn￿g￿tiOnal I￿¢ which rdy on the contiibution of voluttws ore nJaJJy oDd i*tiai and much of the adiNity would be UDable to wue li noi fortt*¢ommjtt￿tsboW Blxekhall St Collunba's Church of Scotland Edinbllrgh Notes forming part of the aceounts For the year ended 31 December 2024 14 Movements in Funds At l Janua 2024 Net Gain E￿pendIture InvesttDents At31 Dec 2024 Income Transfers Endomment funds Rev RJ Watson Mathewson Fund Restricted funds Building for the future Midweek S¢Th'ic¢s Charity Wheelchair upkeep Special Purpose reserve 12.498 653 13,151 84,163 600 82 200 85.045 1.642 85,805 600 82 200 86.687 1.642 Designated Funds Youth Project-L£oaey Organ babric 24.144 12,331 56.000 92.475 1262 25,406 12,331 so,000 117,737 24,(K)O 25,26? Unrestricted funds tien¢ral Fund 193,?03 2J8,170 741.9991 183,564 Total funds 383.221 265.727 401 139 At l January 2023 et Gain Expenditure In*estments At 31 Dec 2023 Incorne Trgnsfers Endowment funds Rev RJ Watson.Mathewson Fund Restricted funds Buildiniy for the future Midweek Services Charity Whe¢l¢l)air upkeep Speci21 Purpose rescrvc 12,058 78.720 600 175 5,443 600 82 200 8.S,045 1931 79,695 5.443 Designated Funds Youth Project-Legacy Orga Fabric 851 24,144 12.331 56,000 92,475 30.OIMI 65,624 26,000 26,000 851 Unrestricted funds General Fund 146,404 293,724 ??4.?a I I 3.276 176.00(1 193,203 Total funds 303781 300.458 4.?194 383 221 19 Blacithall St Columba'5 Chureh of Seotlgnd Edinburgh Notes formin% part of the accounts For the }'ear ended 31 December 2024 14 Lllovements in Funds (continued) P￿rposeS ofEndoKyneni FUF come from the Mathewson BequGSt is to bc vsed to provide help to those with medical or mobility needs. The trustees of this fund are the minister and S¢SSiOll clc Purposes ofReslrictedFund¥ The ￿,heelchaIr fimd is for the upkccp of the church% M,he¢lchairs. The Buildillo for the Future fund is for church Amproiie]neDts. The Midw¢¢k Services Charity fimd is for midweek services. 15 Collectiolls for Third Parties 2024 2023 WATCII Committe¢ Christian Aid Othei- chai'ities 10,000 1,907 10.000 1,746 7,069 18.81.f 20