The Church of Scotland
St. Michael's Parish Church
Church of Scotland
Accounts 2024
Congregational Number
010098
Charity Number
SC009038

St. Mlchael's Parish Church
Church of Scotland
Year ended 31 December 2024
The trustees present their annual Teport and financial statements of the charity for the year
ended 31 December 2024. The financial Statements have been prepared in accordance with
the accountin8 policies set out in note I to the accounts and comply with the General
Assembly regulations for Congregational Finance. the Charities and Trustee Investment
(Scotlandl Act 2C()S, the Charities Accounts (Scotland regulations 2LKI6 las amended) and
Accounting and Reporting by Charities-. Statement of Recommended Prartice applicable to
charities preparin8 their accounts in accordance with the financial Reportin8 standard
applicable in the UK and Republic of Ireland published on 16 July 2014.
Oblectlves and Actlvftles
The Church of Scotland is Trinitarian in doctrine. Reformed in tradition and Presbyterian in
polity. It exists to glorify God and to work for the advancement of Christ's Kingdom
throughout the world. As a national Church. it acknowledges a distinrtive call and duty to
bring the ordinances of religion to the people in every parish of Scotland through a territorial
minlstry. It co-operates wrth other Churches in various ecumenical bodies in Scotland and
beyond.
ACHIEVEMENTS AND PERFORMANCE
In 2024 St. Michael's continued to offer the ordinances of religion to our parish and all who
came. In October we planted 140 bulbs in the church garden to mark St Michael's 140 years
of worship and service in the community.
We celebrated the Christmas Sea50n. Lent and Easter, Pentecost. Harvest and Remembrance
Sunday as part of our weekly Sunday services. We took part in Prisoners. Week and collected
toys for the children of prisoners in Saughton Prison for their Christmas presents. We sent
cards to prisoners unjustly treated as part of Amnesty International's Write for Rights
campaign in December.
We offered monthly mid-week services Time Our and Soup lunches after the service in aid
of church funds or charities we support le.g. Fresh Start. Bethany Christian Trust. Christian
Aid). The minister conducts monthly services in North Merchiston Care Home.
The Guild and the Friendship Club met every second week offering stimulatin8 talks and
fellowship.
The Coffee Momin8 took place monthly durin8 the winter and the Film Club met monthly to
watch a film and talk about its meaning. Once a month we met for Pious Pints in the "Dig8ers"
pub, for a reflection and discussion in an informal setting.

We welcomed Craiglockhart Primary School into church for their summer and Chrlstmas
Assemblies and a visit from Primary 4. We hosted the school's holiday Club in our halls during
the Summer and October breaks.
In June we took part in the Canal Festival with a stall in Harrison Park.
Over the summer (from June to Au8UStI we met for coffee in the church 8arden lor hall if it
was too wetl.
The garden was kept looking well with
uttin8 the grass and volunteers doing
much weeding and pruning. We even relayed the path at the back thanks to some strong
men.
Durin8 the festival we hosted a series of concerts by visiting and local artists which was well
received. Occasionally we offer the church to other musicians for concerts like a 8roup of
German women tiavelling through Scotland and performing as "Belcando..
The church magazine The Towert was issued quarterty to keep people who cannot come to
church informed and to reflect on the future tO8ether.
th
We had the joy of celebratin8 the 50 anniversary of the ordination of the Rev Margaret
Forrester in January and the faithful long service of seven of our elders in December {five 40
years, one 38, one 37 years). We are very grateful for all their commitment and dedication.
The Presbytery Plan of Edinburgh and West Lothian Presbytery was finally agreed in April
2023 and stipulates that the four congregations of Barclay Viewforth, Craiglockhart, Polwarth
and St Michael's are to unite. At least one of the four building5 IS to be released and it has
been decided that the buildin8 of 5t Michael's is to be put up for sale at the end of 2026. This
news caused us great pain and we appealed the process by which the decision was made.
Sadly. the appeal has been rejected {February 20251.
The four churches have met regularly to plan the union and have together found a name for
the new parish which, once agreed by all, will be voted on in the 'Basis of Union. The four
congregations were invited to a number of joint events (Burns Supper, Qulz, Sharingfood and
stories, Strawberry Tea, Ceilidh, Maundy Thursday Supper and an Easter Holiday Clubl. The
ministers continued to swap pulpits.
The minister conducted the funeral of 12 people. four of whom were members. We
celebrated one wedding and one golden weddin8 at St Michael's and three baptisms and one
ble5sin8 of a child. Six people joined by confession of faith.
We supported three people in their discernment foT God's callin8 in their lives and one
probationer in tr3ining as Formation Partner.

In February the minister became Moderatorof Edinburgh and West Lothian Presbytery which
turned out to be a busy honour with 7 services of union. 3 ordinations, l induction, four
Presbytery meetings to chair, one Presbyteryfuneral. one preachin8 engagement fora church
celebrating an anniversary, one speaking engagemeftt for a Guild meeting and worship at a
Presbytery 8athering on Assisted Oying.
Numbers attending worship remained steady around 55-65 worshippers per week at the
morning service. At the midweek service numbers were approximately 12. The bereavement
service attracted 30 worshippers. The Christmas services proved popular with 46 artendin8
on Christmas Day, 98 people attendin8 on Christmas Eve.
It has been another challen8in8 year 8iven the prospective Closure of our buildin& causing
much anxiety, anger and uncertainty amon8 members and the community. Yet the gospel has
been preached and lived amon8 us and we walk onwards with faith. hope and love as best
we can.
We thank everyone who contrlbuted In large and small ways to the Ilfe of St Mlchael's
con8regation. May God bless all your 8i¥in8 richlv.

st. Michael's Parish Church
Church of Scotland
Year ended 31 December 2024
Financlal Revlew
St. Michael's main source of income comes from members and friends of the congregation.
Their weekly contributions in 2024 were £34.512 {2023.' £36.846) a decrease of £2.334.
We have approximately 45 households givin8 by Gift Aid (including 38 by bank transfer) and
17 giving by our non-gift aid weekly freewill offering scheme lincludin8 10 givin8 by bank
transfer).
Another source of income is throu8h hall lets and this year we received £18.741 an increase
of over £4.CQO on the previous year. While we lost some re8ular users in the year. we were
fortunate to have the local primary school after school dub during the school holiday dates.
General Fundraising also increased from £6,251 last year to £8.096 this year.
St. Michael's transferred £9.412 (2023". £20.8681 from the Church of Scotland Consolidated
Fabric Fund to off-set the cost of our insurance premium.
One of our largest items of expenditure was £45.89712023: £42,169) being our contribution
for Givin8 to Grow which is calculated by and paid to the Church of Scotland.
In 2024 we spent £46.IKK) on fabric repairs to the church and halls, a lar8e roof repair costing
£42.1XKJ. replacing 9 fire extinguishers at a cost of £830 with the remaining balance spent on
general maintenance corttracts. electrical repairs and other small repairs. We also spent
£2,830 on our church manse, upgradin8 the electrics at a cost of £2.220 with the remainder
spent on small repairs.
Restricted FurKI- The Gulld
At 31 December 2024, the Guild (which is a restricted fund) had a balance of £6.35212023:
£8.125} with income of £2.056 and expenditure of £4.980.
The Ramsay Bequest Fund is also a restricted fund. This Bequest was left to the Guild for
expenditure on social events. The balance at 310ecember 2024 was £19,844 (2023: £20,599).
Investment Poliry and Performance
St. Michael's and the Guild hold investments wtth the Church of Scotland Investors Tnjst to
secure funds for future use and to provide annual income.
The total dividend income provided by our investments in 2024 was £IO.CK1912023: £8,607).
The total unrealised gain on our Growth Fund Investments was £19,57112023: £15,301).
The total unrealised gain on our Income Fund was £867 (2023= £3.4691.

Rlsk Management
The trustees recognise the responsibility to assess and manage potential risks to the charity. This
involves identifying the major types of risks which the charity faces and assessing the impact and
likelihood of occurrence and identifying means of rnitigating them.
The major risks have been identified as the risk to the building and contents, fisk to members and
users involved in the charity and activities. Appropriate insurance cover ha5 been taken out to
cover all of those risks and is reviewed annuallv.
As mentioned above in the ACHIEVEMEPUS AND PERFORMANCE section the Presbytery Plan
stipulates that the four con8re83tions of Barclay Viewforth, Craiglockhart, Polwarth and St
Michael's, are to unite. It has been decided that the building of St Michael's is to be put up
for sale at the end of 2026. The 4 churches will vote mid 2025 on the Basis of Union and Team
Ministry.
Reserves Poll
The charity trustees have considered the reserves required and have taken into account their
current and future liabilities. It is the Trustee5' policy to hold reserrfes of approximately six
rnonths, expenditure includin8 designated funds.
At 31 Oecember 2024. St. Michael's held unfestrirtÈd funds of £439,63012023: £445.252) of
which £281.93212023'. £303,220) has been des18nated for fabric and the continuin8 restoration
of our Grade A listed buildin8 and maintenance of the Manse. The remainin8 balance of £157,698
(2023.. £142.0321 will cornfortably meet Ouf 8eneral expenditure.
The church a150 hold5 £26, 19612023.- £28.7241 of restricted funds for the work of our Guild.
Structure, Governance and Management
The con8regation of St. Michael's is a re8lStered charity. number 5CI))9038 and is administered
in accordance with the terms of the Deed of Constitution Iunitary Forml and is subject to the Acts
and Re8ulations of the General Assembly of the Church of Scotland.
Members of the Kirk Session are the charity trustees. The Kirk Session member5 are the elder5 of
the church and are chosen from those member5 of the church who are considered to have the
appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elerted by the
congregatlon and Inducted by presb￿ery. The Klfk Session whlch rneets slx tlmes a year Is
responsible for spiritual affairs within the church. Much of the business of the church is assigned
to the Fabric and Finance committee, the Fellowship and Outreach committee, Worship and
Teaching committee and the Pastoral Care committee. Workin8 teams meet appropriately and
report to each meetin8 of the Kirk Session.

St. Michael's Parlsh Church
Church of Scotland
Year ended 31 December 2024
Reference and Administratlve Informatlon
Trurtees
Charity Narne.. Sr. Michael's Parish Church, Edinburgh
Charity Re8iStration Number: SCC¥)9038
Con8regational Reference Number-. 010098
Indèpendent Examlner
Bankers
Bank of Scotland
Comley Bank Branch
43 Comley Bank
Edinbur8h
EH4 IAF

St. Michael's Parish Church
Church of Scotland
Year ended 31 December 2024
Trustees, Rosponsibilitles In Relation to the Financlal Statement5
The charity trustees are responsible for preparing a trustees, annual report and financial
statement5 in accordance with applicable law and United Kingdom Accounting Standards
Iunited Kingdom Generally Accepted Accounting Pratticel.
The law applicable to charities in Scotland requires the charrty trustees to prepare financial
statements for each year which show a true and fair view of the state of affairs of the chartty
and of the incoming resources and application of resources. of the charity for that period. In
preparing the financial statements, the trustees are required to..
select suitable accountin8 policies and then apply them consistently;
observe the method and principles in the applicable Charities SORP-
make judgements and estimates that are re350nable and prudent,.
state whether applic3ble accounting standards and statements of recommended
practice have been followed. 5ubjert to any departures disclosed and explained in the
financial statements:
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in operational existence.
The trustees are re5pon5ible for keeping proper accountin8 records which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities and Trustee Investment
(Scotlandl Act 2CrfJ5 and the Charities Accounts (Scotlandl Regulations 2006 las amendedl.
They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable step5 for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial
information on the congregation's webslte. Legislation in the United Kingdom governing the
preparation and dissemination of fsnancial statement5 may differ from legislation in other
jurisdiction5.
Approved by the Trustees and signed on their behalf,
Date:

St. Michael's Parish Church
Church of Scotland
Year ended 31 December 2024
Independent Examlnerfs Report to the Trustees of St. Mlchael's Parlsh Church
Year ended 31 December 2024
I report on the accounts of the charity for the year ended 31 December 2024 which are set
out on pages 11>21.
Respectl¥e resPon￿￿411t4es of trustees and examlner
The charity's trustees are responsible for the preparation of the accounts in accordance with
the terrns of the Charities and Trustee Investment (Scotlandl Art 2005 and the Charities
Accounts (Scotlandl Regulations 2CQ6 las amended).
The charlty trustees consider that the audit requirement of Regulation 10111 lal to Icl of the
Accounts Regulatlons doe5 not apply. It Is my responsibility to examlne the accounts 3$
rèquired under sertion 4411) Icl of the Art and to state whether particular matters have come
to my attention.
8asls of Independent examlnerfs statement
My examination is carried out in accordance wlth Regulation 11 of the Charities Accounts
1Scotlandl Regulations 2006 las amendedl. An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts presented with
those record5. It also includes consideration of any unusual items or disclosures in the
accounts, and seeks explanations from the trustees concerning any such matters. The
procedure5 undertaken do not provide all the evidence that would be required in an audit,
and consequently I do not express an audit opinion on the view given by the accounts.
Independent examlnerfs statement
In the course of my examination, no matter has come to my attention
which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 4411) lal of the 2CK)5 Act and
Regulation 4 of the 2CKJ6 Accounts Regulations las amendedl. and
to prepare accounts which accord with the accounting record5 and comply wlth
Regulation 8 of the 2006 Accounts Re8ulations las amended) have not been met. or
2. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Name:
Signature..
Date: ...............
l L/..o..4-./.z.o..&.-4
On behalf

Edlnburgh St. Mlchael's
Statement of FSnancial Actlvlties
Year endlng 31 December 2024
Unr•rtrl¢t•d
Restrftt•d
Gulld
Fundi
2024
Unrestflcted
Restrlct•d
Gulld
Funds
2013
Funds
2024
Total
2024
Funds
2023
Total
2023
Incorne endowrnentsfrorn:
Donations and I￿aCleS
Charitable activities
Other trading activities
Investment5
Other
Total Income
Plote
62,185
8,939
18,741
15.870
1,619
284
63,804
9,223
18,741
17,140
9,411
118.319
45,921
10.470
14,680
13,342
1,405
622
47,326
11.092
14,680
14.201
20.868
108.167
1,270
859
115,146
3,17J
105.281
2,816
Expendlture on:
Raisin8 funds
Charitable activities
Total empendlture
82
141,845
82
146,825
90
103,474
103,564
90
106.501
106,591
3,027
5,017
N•t kxthnell•JtpendltsKel Ixforèo•h and losses
11 qn71
128,5881
1,717
1,576
Net gaIn￿{lO$Se$l on investments
19,817
621
20,438
18,285
4A6
18,771
Net Incomel{expeftdlture)
11 )A61
20,002
345
20.347
Transfers between Funds
Net mo%Tment Sn funds
14
1,342
5,622
3,438
23.440
20.347
Reconclllatlon olfvnds:
Total funds brought forward
Total fvndscarrled forvArd
445,252
439,630
28,724
26,196
473,976
465.826
421.812
445.252
31,817
28,724
453,629
473,976
io

Edinburzh St. Mlthael's
Balance Sheet at 31 De￿mber 2024
Total
2024
2024
2024
2023
2023
2023
Flxed A￿et￿.
In￿stments
Total Fixed Assets
7 2(8 322 960
Current Assets
Debt￿5
Cash at bankand in hand
6.172
6,172
18 987 140 133 1
IZ1J￿5 IW 146.032 '
1543n 22.ts6
176,514
ilabilities
Creditors fallibv4 due within
(me ￿ar
li
7 142
149
18 ZZ 136 171454
editors falli￿ after
more than one ￿3T
,' 28 724 473 976
14
Restricted f
Unrestricted 11K￿e Iwxas
Tthal dmiity
26.1
26.196
28.724
28,724
The accounts were approled by the trustees on 31st March 202S
and signed on their behalf by..
Sessi￿ aerk
Treasurer
li

St. Michael's Parish Church
Church of Scotland
Year ended 31 December 2024
Accountlng Pollcies
The principal accounting policies, which have been applied consistently in the current and
preceding year in dealing with items which are considered material to the accounts. are set
out below.
Basls of Preparatlon
The financial statements have been prepared in accordance with Accounting and Reportin8
by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their
accounts in accordance with the Financial Reporting Standards applicable in the UK and
Republic of Ireland IFRS1021 issued on 16 July 2014 and the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021, the Charities and Trustee Investment
(Scotlandl Act 2005 and the Charitie5 accounts (Scotlandl Re8ulations 2006 las amended)
Fund Accountln8
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be
declared by the donor or with their authority or created through legal processes, but still
within the wider objects of the charity.
Endowment funds are funds which have been given on the condition that the original capital
sum is not reduced, but the income there from is used for the purpose defined in accordance
with the object5 of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the
objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of
the trustees for a particular purpose. they are designated as a separate fund. This desi8nation
has an administrative purpose only and does not le8ally restrict the trustees. discretion to
apply the fund.
Incomln8 Resources
Income is recognised when the charity has entitlement to the funds, any performance
conditions attached to the item(sl of income have been met. it is probable that the income
will be received and the amount can be measured reliably.
12

St. Michael's Parish Church
Church of Scotland
Year ended 31 December 2024
Donated Servlces and Fa¢llltles
Donated professional services and donated facilities are recognised as income when the
charity has control over the item, any conditions associated with the donated item have been
met, the receipt of economic benefit from the use by the charity of the item is probable and
that economic benefit can be measured reliably. In accordance with the Charities SORP
IFR51021 the general volunteer time of congregation members is not recogni5ed. On receipt,
donated professional services and donated facilities are recognised on the basis of the value
of the gift to the charity which is the amount the charity would have been willin8 to pay to
obtain services or facilities of equivalent economic benefit on the open market,. a
corresponding amount is then recognised as expenditure in the period of receipt.
Interest Recelvable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the charity,. this is normally upon notification of the interest pald or
payable by the Bank.
Fixed A55ets
The charity has the right to occupy and use for its charitable objects certain tan8ible fixed
a55ets, including the Church, Halls and Manse, vested in the Church of Scotland General
Trustees. No consideration is payable for the use of these assets. Expenditure 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.
Tanglble Assets
All tangible fixed assets Costing in excess of £10,000 having a value to the charity greater than
one year, other than those acquired for specific purposes. are capitali5ed. Depreciation is
provided on a straight-line basis to write off the cost or initial value, less residual value. of
tangible fixed asset5 over their estimated useful lives.
Investrnents
Fixed asset investments are stated at market Value at the balance sheet date. Unrealised
gains and losses represent the difference between the market value at the beginnin8 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 8ains and losses represent the difference between the
proceeds on disposal and the market value at the start ofihe year or cost rf purchased in the
year.
Taxatlon
St. Michael's Parish Church is recognised as a charity for the purpose5 of applicable taxation
legislation and is therefore not Subject to taxation on its charitable activities. The charty is
not registered for VAT and resources expended therefore include irrecoverable input VAT.
13

Edinburgh St. Mlthael's
Notes formlng part of the flnandal statements
for the yew ended 31 December 2024
Unrestrlrted
,' Unrestrlrted
Giild
T(*al
2024
Totsl
2023
2024
2023
offeri￿s
Tax reccp•pred Gift Aid
Legacies
tX)nations
34.512
7.173
20.5Q)
459
34,971
7.ln
20.5(X)
470
37.316
8,332
8.332
743
935
Weddiw arnl F￿￿￿1$.
Coffee momirva5. Fund Raising.
Guild . (Xrtiry5. &xial & l¥
4.219
6.251
4,219
6.573
322
622
Rent receiltd fT(m Flre rf kkll5.
t)ivideThJs T￿1*
i￿[￿)51t irterest
153
iO.LVJ ,
8,607
8.607
859
859
General T￿￿tee$ Ccmsolidated
Fabric FWKI
20.868
9,411
9.411
I￿.146
3.IrJ
i￿281
I(￿.167
14

Edlnburgh St. Mlthael's
Notes formlng p￿t of the fin￿da1 statement5
for the year ended 31 Deomber 2024
Unfertrlrted
Lknre#rlrted
Gi#ld
Gulld
Ttsl
2024 :.
Total
21Y23
2024
21Y24
6 Analysls of Expenthwe
Ra151ry F*M15
Offerin8 Envelopes
82
82
82
04ritsL4e Actlvltles
Gibing to Gr(r•4
Presbyiery 0￿5
Ministe¢s Expenses
Pulpit SWJ
OtI￿r Salary Cc6ts
FaTrMic Repair5 & MaIntena￿e
aeanin8 Materials. etc
GardeniNd Costs
Council Tax
Heat and Light
Inswan
(hurch Office Expenses
Organ and Piano MaIntena￿e
Charitable Donations
Other Expenses
Gwld Outi
Guild Expenses
45.897
931
1,453
323
20,382
41.244
4.478
45.897
931
1,453
323 :.
20,382
41,244
4.478
42.169
721
42,169
721
224
18,886
9.436
3.938
1.1
3,655
224
18,886
9,436
3.938
1,1
3.655
4,380
9,449
1.737
1,231
520
3,584
2,528
3,738
7.817
9,914
1,401
1,311
50
3.738
7,817
9.914
1,401
L311
L055
1,898
3.125
850
9.449
1.737
1.231
L(*)5
370
3,584
3.125
850
1.123
103 474
14
146
Support Costs have not been separately identif led as the trustees
consider there is only one charitable activity. Therefore support Costs
relate wholly to that activity and have not been separately identified.
15

Edinburgh St. Mithael's
Notes forming part of the finanaal statements
tor the year ended 31 December 2024
2024
2023
7 Stsff costs rnunber5
Salaries and wages
rhe average number of employees durlng the year was as follow5..
2024
Number
2023
Number
Administration
Prem ise5 maintenance
Music staff
No Èmployee had employee benefits In excess of £60,0(M) In 2024 or 2023.
All Church of Scotland con8re8ations contrlbute to the National Stipend F und which bears
the costs of all ministers, stipends and employer's contributions for national Insurance,
pension and housing and loan f und. Minister5. Stipends are paid in accordance with t￿
national Stipend scale, which is related to years of service. For the year under revlew the
minimum stipend was £31,642 and the maximum stipend lin the 5th and subsequent
years) £38,884
8 Tn￿tee Rem￿ernt](m and Related Party TrnnsartlMs
During the year, two Trustees received reimbursement of expenses. The Session Clerk
received £120 towards p05ta8e and telephone costs. The Minister,
eceived a total of £5,122 for Council Tax of £3,738 on the church manse,
travel costs of £960 and £424 telephone cost5.
During the year approximately £17,iXK) was donated to the con8re8ation by trustees.
16

Edinburgh St. Mlchael's
Notes forming part of the finanaal statements
for the year ended 31 December 2024
9 lrniestments
Gr(A¥th Fund Units
Market Value at 31 December 2023 Units at £5.83
Unrealised Gain/lLossl on Investments 34,454 Units
Unrealised Gain/lL0551 on Investments 1,130 Units (The Guild)
Market Value at 31 December 2024 £6.38135584 Units)
2024
2023
207.456
18.950
621
227,027
192,155
14,815
486
207A56
Growth Fund Unit Investments at C05t
116,022
116,022
Incr*ne Fund Unlts
8,674 U nits12022 £ 10.S61
Unrealised Gainll Lossl on Investments
Market Value at 31 December 2024 £11.06 (8674 Units)
95,066
91,597
3,469
95.066
95,933
Income Fund Units at Cost
105,389
105,389
Growth Fund and Income Fund Units at 31 December 2024
322,960
302,522
The following investments are held=
14,380 G rowth Fund Units with The Church of Scotland Investors Trust for General
20,074 Growth Fund Units with the Church of Scotland Trust for Fabric
1130 Growth Fund Units with The Church of Scotland Investors Trust - The Guild
8,674 Incom e Fund Units with The Church of Scotland Investors Trust.
9L744.40
128.072.12
7,209.40
95.934.44
321960.36
17

Edinburgh St. Mlchael's
Notes forming part of the flnancial statements
for the year ended 31 December 2024
10 Debtors (to recelve)
2024
2023
Cluttons re Electricity used for Mast November & December 2024
Prepaym ent of Minister's Expenses
Use of Premises for November & December 2024
4,901
66
932
5,899
4.897
68
1,207
6,172
11 Cre(htry5 (to pay (xrt)
2024
2023
Minister's Travel (Car Lump Sum December 20241
Energy Costs
Cleanin8 MaterSals - PHS
Other Expenses - 4 Churches Mission Dav
Pia no Maintenance
80
2,956
80
2,888
2,020
72
130
3,166
S,060
12 Analysls of Net Assets Am(ry Fu)ds 2024
UNleslgnated Deslgnated
Restricted
Total
Investments
Current Assets
Cu￿ent Liabilities
Net Ilssets at 31 December 2024
91,744
61,643
224,007
65,402
7,209
18987
322,960
146,032
ISO.221
289.409
26,196
12 Analysls of Net Assets Funds 2023
Undeslgnated Deslgnated
Restrl¢ted
Totsl
Investments
Current Assets
Cufrent Liabilities
Net Assets at 31 December 2023
83,835
19,991
212,099
134,387
6,588
22,136
302,522
176,514
98,766
28.724
473,976
13 Volunteet
In common with all congregations of the Church of Scotland the congregation benefits f rom the
contribution made by volunteers who give their time and talents willingly for the benefit of the
Church. The areas of congregational life which rely on the contribution of volunteers are many
and varied and much of the activity would be unable to continue were it not for the
commitment shown.
18

Edinburgh St. Mithael's
Notes forming part of the flnandal statements
for the year ended 31 December 2024
14 M(wernents In Furtds - 2024
l Jan￿ry I￿ornIng
01rt8OiT¥ Revaluatlon
2024 Resources Resources
GanllLosses)
Tran5fer$ 31 December
2024
Restrfrted Funds
The Guild
The Guild- Ramsay Beq￿St
2.056
1.117
3.ln
14,98,;
621
530
6,352
19,844
26.196
20.599
2&n4
14,9801
621
11,3421
Unrestrtrted FuThts
General Fund
Designated Fatrfic Fund
142.032
303.220
445252
107.(yJ8 1 IW, 6qBI
8,048
115.146 IlJl,9271
1,342
157.698
281,932
439.630
11.9)8
19J17
Total Fw*15 for 2024
4rJ976 118319
146,9071
20A38
465￿26
Movements in Funds- 2023
l Jarnmry I￿￿11
Out8oiry Revaluatlon Transfer5 31 December
2023 Resources Resources
Gan/lLosses)
2023
Restrfcted Funds
The Guild
The Guild- Ramsay Bequest
8559
23,258
31J17
2.027
859
14 0271
79
8,125
20.599
28,724
13,0271
13,4391
UNestActed FUTr
General FuTrl
Oesignated Fabric Fund
132.857
288.955
421￿
93.681
194,1281
11.61X)
19 4161
115.281 1 I03,5641
6,183
12,101
18284
3.439
142,032
303,220
445,252
3,439
T(rtal for 2023
453.629
i(W.167
106,591
473.976
Fu
The Guild - Thi5 money is used to run St. Colm's @ St. Michael's Guild
Ramsay Bequest - This bequest was left to the G uild for social events
Fabric Fund: The Trustees have set aside funds for the maintenance of the church property.
19

Edinburgh St. Michael's
Notes formin8 part of the finanaal statements
for the year ended 31 D*￿rnber 2024
15 Cdlectlrns Third Pdrtles
2024
2023
Bethany Christian Trust
Christian Aid Week
Christian Aid TurkeylSyTia Earthquake
Christian Aid Libya Flocjding
Church of Scotland HIV Programme
Crossreach
Medecins San Frontieres
Junction 42 Prisoners Gifts
Lao* Haig's Poppy Factory
Fresh Start
4 Square Fumiture
672
950
326
931
360
191
118
506
178
8(Kl
160
50
35
145
2.822
173
20
2,793
Danatl*Jns from St. Mlchael's
Lady Haig's Poppy Factory in Lieu of Wreath
Junction 42 Prisoners Gifts
50
loo
150
so
Donations from St. Cdm'5 @ St. Michael's G￿ld
Chocolate Heaven
Christian Aid
Deaf Aid
Edinburgh Zoo
Fresh start
Gorgie Toy Library
Junction 42
5aughton Park
Seafarers Mission
Scottish Air Ambulance
250
85
70
100
50
Icrf)
120
50
l(M)
100
100
I,(XJ5
370
20

Edinburgh St. Michael's
Appendix
FurKts held on behalf of the c(ryregatlon ty the Cjxyth of Sct*land General T￿￿tee$
2024
2023
Credit Balance at 31 December 2024
Monies held within the Churth of Scotland Consolidated Fabric Fund
31 December 2023
2024 Telephonic Mast
2024 Deposit Fund
2024 G rowth Fund
2024 Income Fund
2024 Revenue Interest
2024 Reclaim for inSUra￿e Costs
Administration Costs
3.552
Ii.ILI)
1,442
2,769
346
19.4121
Note
In 2012 the General Trustees secured a rent for a telephone mast to be installed in the church
tower. The income received by the General Trustees is available to the con8regation for
meetin8 f abric expenses on the congregation'5 buildin8.
Durin8 the year the General Trustees received income for the Mast of £11.1￿. 5t. Michael's
claimed a total of £9,411.82 for Church Insurance.
NT
2024
2023
Growth and IncomeFunds
Deposit Fund
Credit Balance at 31 December 2024
119. 183
112.845
119,183
112,845
Monies held within the Church of Scotland Consolidated Fabric Fund - Capital
21