rchmont St Giles, Parish
Church of Scotlan
inbur
Accounts for the year en
31 Deeember 2024
CongregatRon No. 010062
Charity No. SC009338

Marehmont St GiRe$' Parish Churek of Scotland, Ediiiburgh SC009338
Trustees, Annual Report
Year ended 31 December 2024
The Trustees present their aniiual report and financial staienients of Marchniont St Giles Paiish
Church of Scotland (the charity) foi the year ended 31 Dec¢mb¢r 2024. The financial
statenients Iiave been prepared in accordance with tlie accouitting policies set oiit on pages I I
and 12 and compIy ￿11th the charity's Deed of ConstittTrtion, the G¢n¢ral Assembly Regulations
foi. Congregational Fiiiance, tlie Chaiities and Trustee Investment (Scotland) Act 2005, the
Cliarities Accoiints (Scotland) Regulations 2006 (as arnended) and AccountÉng and Reportii
by Charities.. Statement of Recoinmended Practice appliLdble to charities pi-eparing their
accoiinls in accordance with FRS 102, the Financial Reporting Standard applicic ble in the UK
and Republic ot Ireland.
Objectives and Activities
The Church ol Scotland is Trinitarian in doctrine. Refoimed in tradition aDd Presbyterian in
policy. It exists to glorify God and to ivork for the advancement of Chrisl's Kingdom
-. ouoIIoLlt tlie world. As a natioiial chiirch, it ackiiowledg¢s a distinctive call aiid duty lo bling
the oi-dinances of religion to tlie people in every p￿ish of Scotland tbrough a t¢lTltorial
Ininistry. It co-operates with other churclies in various ecumenical bodies iii Scotlaiid ￿ld
beyond.
Acbievemellts and Performllnce
Worship - services on Sunday Inoniing al 1030 include a tim¢ with the youllg people aftew
which they leave t.or activities or Sunday S¢hool. On Sundays when there was cornjnuiiion
tolvards the end of the service. the cliildreii would ieluin til partlCRpate in thRS. Various types
of Communion are held includiiig the more traditional distribution by Elders to the
congregation seated in pews, a roiind table Coinmunion when the congtegation is invited to
gather round the table at the front of the Church and a ComD]union in the side chapel after tlie
service.
Services are live-streamed ￿ld available for subsequent playback. This is appreciated by those
who are iinable to attend iii person. Streaming capabilities were augmented during the year
with Dew cameras all0￿,1n￿ for more flexibility. The order of service, including the words of
the hymns and bible readings, is displayed on laige screens. We started to use the llew
hymnbook 'God Welconies All, featuring hyiTrns tliat were new to the congregation.
Diiriiig the year ,traditlOllal services were held at Eastei. (hand washing on I'hursday evening,
joint service on Friday evening, Taize service on Saturday evening, Coininuiiioii Se￿iCe on
Easter day), Lhrislian Aid on 12 May, Harvest on 13 October. Rejnembrance on 10 November
(witb paiticipation by Beavers, Cubs, Scouts and E,xplorers based at our halls) and the
Christmas s¢rvices= the Nativity iiivolving our cliildren 011 8 D¢cember. the longest night
service on 21 December (for refl¢ction), 9 lessons and Carols on 22 December. Chrislingle on
Christmas Eve at 4pm, Community carol singing at Ilpin followed at 1130pin by the
Watchnight service pliis the service on Christmas day at 10am.
During tlie year, joint serviLes were held with the German Speakingy Congregation, St
Catherine's Argyle and Reid Meiiiorial. We went to the German Chu¥ch for joint worsliip for
die Chi'istian Aid Service at the start of Cliristian Aid week on 12 May. We also visited St
Catheriije's Argyle for a joint service on 25 Febn11c ry. A serxes of Miiddy Cliurch events with
children froiii coiigre¥aLions of Marclirnont St Giles, and St Catherine's Argyle were well
received. We visit¢d Reid Memorial for a Joint service on l7 Noveiiiber ancl members of the

Marchmont St Giles, Parisli Church of ,Scotl8nd, Edinbuj'gh SC:009338
Trustees, knnual Report
Year ended 31 December 2024
congregations of Reid Memorial and St Catlierine's Argryle participated tti our service of 9
Lessons and Carols on 22 Deceinber.
The sanctuary was enhanced by new lighting ￿ld a new sound system during the year. The
ligliting project, whicl) involved both interttal and exterJ]al liglitillLTr
provides tl¢xibility and
improved energy efficiency. While these projects were underway, worship took place ILI the
large Chiirch hall. This I￿eallt Ih&t the members of the congregation sat in closer proximity to
eacli ottler than in tlie sanctuary, whicli many commented upon and found enjoyable.
Bible sttidy continued during Lent and Advent.
Prayer group- joÈnt events with St Catherine's Argyle were ut]dertaken.
Services - the Church Ceiitre was busy throughout the y¢ar with many groups iising the halls.
Many parties and one-off events weie also held there. The café continued to welcoine yOUnLT
and old alike. The café also orgaiiised a c.hristmas Market on 30 November whicli ini'olved
afternoon tea, stalls (some nin by Cliurch inenibers, some by people from the local co￿7]unIty)
and activities tor children.
Our connection with the local ¢omniunity was enlianced by the introdiiction of post box toppers
on a nearby post box 2023 and this project continued t]￿lUsI10llt 2024.
Our pastoral care group continued to visit or make frequent contact with the VLilnerable. ill and
housebound. Flowers froin the Church services are frequently delivered by volunteers to those
who are ill or grieving.
The support of the congiegation aiid coinmunity of Marchniont St Giles, for Faresliare at
Richmond Craiginillar was unstinting diiY)ughout the year with frequent deliveries from
Marchmont and a phenomenal response at Harvest time followeLI by another very generous
collection of toys at Christmas lime for the two primary schools in that iieighboiirhood in
addition to nioiietary donations.
The Mother and Toddler groiip has been re-invigorated and relaunched as 'Butt¢rfiies Baby
and Toddler Ciroup, during 2024 linder new guidance and has a more fomial stnicture that
incllides story lime.
A holiday club was held during the summer bolidays jointly with the Family Worker froin
Mayfield Salisbury. It was for one week during the moniings and involved fuii activities,
games, crafts and storytelling. It was open to priinary ¢ige children aiid was well atteiided by
those in the locaE Lornmullity. MenibeiB of th¢ congregation volunteered, and the Min2Ster,
Adii)iiiistrator and Summer Inteni proi'ided inuch nLeded support.
FelloTrvship - Oiir cafe is greatly appreciated, especially by the patrons of Buttertlies Plus, our
lunch for the over 60s on a Tuesday between Septeniber and Jiine. Biittei-flies Plus also puts
on a Clir&stmas liinch whRch is open to everyone.
The Chiirch website. the Church magazine, The Shuttle, and a presence oil social Inedia
piovided Lisetul oppominities to maint¢lÉn contacts with the ¢ongregatioii aiid wider
commuiiity.

Marchmont St GRles' Parksh Church of Scotland, Ediiiburgh SC009338
Ti'ustees, Annual Report
Year ended 31 December 2024
During the Edinburgh Festival, a series of afternoon concerts were held in the Cliurch as part
of the Fi'inge progratrme. Theie was no charge for adniission, biit donations iveLe received.
Perfortners and members of the audience were able to have lunch or a snack and a dri]th in the
caté either before or after the events. B&s¢d on the popiilarity of these events, a winter series
of concerts (one each in Noveinber and December 2024 and January 2025) was planned with
tkle iiitention tliat it might be possible to raise funds for a new piano.
We are grateful for ihe ¢oi)tiiiued support of the m￿lY volunteers who giv¢ of their time and
talents to promote the activities and service of Marchinont St Gil¢s' to ow- coniiyjunity and
beyond.
Presbytery Pla
Representatives from Marchmont St Giles have met with represeiit1ctives from other
congregations witli a view to implementing the Presbytery Plan. Tbe pioposal within tlie 2022
Presbytery PEan was for Marchmont Si Giles. St Catlierine's Argyle and MorDingsid¢ Unitd
to be served by one fiill time Minister of Word and Sacrament. The Icirk Session and
congregation voted for a union with St Catherine's Argyle, but this did not proceed. At the
direction of Presbytery. constructive conversations have been held with representatives from
Reid Memorial. It is hoped that a union will be agreed in the secoiid quarter of 2025.

Marchmont St Giles? Parish Church of Scotland, li dinburgh SC009338
Triistees, Annllal Report
Year ended 31 Deeember 2024
Financial Review
Our financial aim is lo have our income either equal or exceed expenditure. During 2024, our
expendithre exceeded our income. largely because of the cost of work carried out to iipgrade
our lighting and sound systems. on which we spent £60,592 during the year. The result was an
excess of expenditure over inconie for the year of £69,732 (2023
a surplus of £142,151).
During the year we sold some of our investments, resiilting in a gain on disposal of £2,056; in
addition, there was an increase in the vallle of our investments of £84.353 (2023 - an increase
of £83,527). Finally. as noted in Note 9 to the accounts, we revalued the organ and the silver.
resulting in a deficit on revaluation of £367,288. The total deficit therefore amounted to
£350,611, Compared with a surplus of £225.678 in 2023.
Our principal sources of incol￿e in 2024 were.. offerings, Gift Aid reclaim, granis and legacies
(300/0 of the total income); use of church premises and café (460/0)- investment income (200/th)'
and other income (including receipts from general trustees) (40/0).
Offerings in 2024 fell by £5,499 (110/0) (2023 £14,450 increas¢ (390/0)). Tax recovered on
Gift Aid payments fell by £10,857 (560/0) (2023 - £8,768 increase (830/0)), biit the fall was due
to a change in 2023 in the basis of accounting for this incoine. Income from use of the church
premises increased by £1.252 (2Q/o) in 2024 (2023- £23,141 increase (44% )).
Investment income rose from £45,570 in 2023 to £53,723 in 2024. an increase of16 % (2023
200/0).
Income
90,000
80,000
70.000
60,[￿0
50.1
40.0(
30.000
20,000
10,000
OffEilftgs
Gift Aid
Refjtal
Investments
4 2024
2023
We spent £97.602 on salaries for our etnployees, £24,916 more than in 2023 (£72,686, an
increase of £11,136). The increase was partly tbc salary paid to our IntergeTreratiOllal Worker,
who started employment in Novemb¢r 2023. We spent £995 on fabric repaiiB and maintenance
in 2024 (2023 £2,284). Other building costs, including the cost of heating, lighting and

Marehmont St Giles, Parish Churth of Seotllnd, Edinburyh SC009338
Tr115tees* Annual Report
Year ended 31 December 2024
insurance. tncreased by £9,884, wi increase of 24/0 (2023 - £13,078 increase). The ¢xp¢nditure
on th¢ new lighting system is inoluded in Rep8iTS, Maintenance and Office Expenses.
Expenditure
120000
100000
80000
60000
40CKIO
20(h)O
Fabric Tepairs
Other 8Jilding Costs
Repairs. Mainrenance
and Olfice expenses
2024
2023
Our free offering and other donations allow us to support our expenditure. We employ six
people. support ihe running of a café aiia the signtficant outreach it provides and run a centre
that brings hundreds of people into our presnises each week. We not only support the
niaintenance of the costs of our owi minister but contribute towards those of other ininisters Rn
less well-off parishes. In addition. we maintain our beautiful church and church centr¢ for
future generations and make donations to other charities.
As noted above the niarket value of our Church of Scotland InvestOT'S Twst Unils rose by
£84,353 in 2024 (2023 - an incr¢ase in value of £83,527). The value on 31 December is for
accounting PUTPOS¢S and would only be realised if we sold the investments al that date.
Nvhile we have significant funds which ensure tbat OUT undeilyitLg fintinces remain sound, over
970/0 is held in property, the organ, sklver and I￿Vestments, leaving only a small amount of
readily accessible funds. We iely on the income from the Chw'ch ol-scotland Units to support
our eApenditure.

Marehmont St Giles, Parish Chureh of Scotland, Edinburgh SC009338
Ti'u5ttes' AnnuAI Report
Year ended 31 December 2024
In*'estment Poliey and Performance
Investments are held in order to provide an income stream from dividends received. All of our
investments are held in the Church of Scotland InvcstOTS Trust, deemed io be low rislc. About
40 % by value of our investment is held in the Income Fund and 600/0 in the Gi-owth Fund. IF
larg¢ legacies receiveil they are invested in the Church of Scotland Investors 'fru5t until
they are utilise
Risk Management
There is a risk associated wilh a large deficit which Caould occui as the result of lower income and/or
increased costs. The Trnstees are aware that one of the prinLipal risks is an aging congregatton.
One of the associated risks is a negative impact on ordinary offerings. Membe¥s of the
congl'egation are encouraged to ensure that Ibey sign up to the Gift Aid scheme and everyone
is asked to review their offerings allnually as well as being thanked for their contributions. It
would be prudent to diversify income sources (at present offerings, donations, rental income.
dividend income and café incorne) by applying for grants or fundraising to allow improvements
to the church and church halls to go ahead. Expenditure is strictly controlled, and the Trustees
Teceive Tegular updates on th¢ latest financial position.
There is a risk of a reduction in the value of investments held. This risk depends on the financial
markets. Any surplus in funds OT large legacies are invested tn the Church of Scotland Investors
Tiusts that are designed to protect andlor grow capital and generate income.
Succession planning is also potentially difficult given the ageing congregation and the
possibility of future membership reducing. It is important to encourage and nurture new talent
and to persuade individuals to donate what they can of their time and talents. Ther¢ ne¢ds to
be missional work acTOSS all age gTOUPS to encourage broadening of membership and increased
participation. The Trustees plan to appoint an Under 25s Worker to build upon this and other
initiatives. Siicc¢ssion planning may i]J¢lud¢ unions with otlier congregations.
It is possible that any adverse publicity would affect the ability of th¢ Church to deliver its
stated aims, such as outreach.
Tbere is a robust governance structure, at congregational, Presbyteiy and national church
levels. A safeguarding officer has been appointed and there is a small safeguarding commÉttee.
Training for Trustees and other persons is carried out as required and updated every three years.
Use is made of centrally provided resources.
There might be a risk of another patLdemÈc. All lessons and skills leamt (for example onlin¢
streaming of services) during the Covid pandemic need to be updated and reviewed on aregular
basis.
The w¢bsite and the online offerings (such as Bible study) should be regularly updated.
Websites require constant maintenance to be appealing and use￿] and must contain relevant
infornmtion in a readily a￿esSIble format.
Reserve Poliey

Marehmont St Giles, Parish Church of Scotland, Edinburgh SC009338
Trustees, Annual Report
Year ended 31 December 2024
The charity trnstees have considered the reserves reqiiired and have taken into account their
curient and fiiture liabilities. It is the Thistees. aim for expenditure not to exceed income in
any given y¢ar, but to hold reserves in case of a deficit.
At the year end, Marchmont St Giles held unrestricted ￿ndS of £2,109,628, of which
£1.511,579 was held in designated funds (made up of Fabric Fund £721,710. F&mily and
Children's Worker Fund £10,498; Hall Development Phase 11. Fund £158,801-. and Asset Fund
£620.510). The Temaining balance of £598,049 represents about two ye￿5 of expenditure.
The Church also held £83,829 of r¢strEcted ￿ndS wliich have been provided foi. the purposes
specified in note 15.
The Trustees can also approve capital expenditure for exceptional items and to cover any
shortfall between nonnal annual expenditure against these fvnds.
Planning for the future
We are planniiig for the future, iiicluding ways in which to engage H'ith tl)e wider coinmunity,
within the context of the changes envisaged undei the Presbytery plan. Marcbmont St Giles
aspires to be an inclusive church, reacliing out to the whole commiinity in faith. We look
forward to all of the possibiliti¢s that th¢ future brings witb OUT neighboijrs both near and far.
We will:
Work closely and missionally with Reid Memorial and St Catherine's Argyle to foster
good practices and relations towards a Union and team Ministry.
Deliver a Ministrs, to families and children with an inteniational multi-generational
approach, drawiiig upon the skills of an Under 25s Worker and closer collaboration
with other Lhu¥ches.
Deliver a Ministry to the elderly of the Parish through various initiatives including
Butterfiies Plus and Southside Faith Share. an SCIO set up along with Mayfield
Salisbury. PriestfLeld and Craigmillar Park, and several chaplaincies already long
established; and
Deliver a Ministry to the sttidents of Napier and Edinburgh Universities in the Partsh
through the chaplaincy already e5tabli5hed at Napier and continued good practice.
Structur& Governance and Msnagement
The Congregation is a Tegister¢d charity, number SC009338 and is administered in accordance
with the tems of the Deed of Constitution (Unitary F￿0[1￿} and is subject to the Act and
RegulatÉons of the General Assembly of the Church of Scotland.
Members of the Kirk S¢ssion are the charity Trnstees. The Kirk Session 1￿Cl￿berS are tlie elders
of Èlle church and are chosen froin those membeis of the church who ar¢ considered lo have
appropriate gifts and skills. The minister. who is a mernber of the Kirk Session, is elected by
the congregation and indiicted by Presbytery.
The Kirk Sessioii is chaired by the minister and meets at least six times in a year. The Session
bas agreed a set of Standing Orders to which it adheres to regulate its business. The Session is
organised in a cotnmittee structure. The S¢ssion decides the nuinber of comnlittees (and teams
within commitlees) and specifies theTrr remits and duties. The committees in 2024 were..

Marchmont St Giles, Parish Church of Scotland, Edinburgh SC009338
Trvstees? Annual Report
Year ended 31 December 2024
Business, Fellowship and Pastoral Care, and Finance. The Kirk Session also oversees activities
in the areas of Christian Education, Mission and Outreach, Stewardship, and Facilittes
Management and Development.
The Business Committee comprises only of elders. Other committees comprise elders and other
members of the congregation. NormAlly the number of congregational members on any
commit'tee does not exceed the number of elders. Each cominittee ine¢ts and then reports to
Session at least twice a year. The committees examine subjects in their T￿nit that they feel
require attenlion or review. The results ot. their deliberations are ieported to Session with
recominendations for action. Excq)t to thc extent that any cominittce's remit included
delegated powers, ieLomtnendalions or decisions of committees should not be implemented
until approved by Session.
Certain T¢sponsibiliti¢s ar¢ d¢l¢gated to th¢ FAnance Committee.
Reference and AdMinistratAve Information
Trustees
The Trustees who served during the year were..
Principal Offiee
3 Kilgraston Road
Fdinburgh
EH9 2DW
Charity No. SC009338
c.ongregation Reference No: 10062
?eiiciellt F,Yaminer
Chartered Accountant
klolli% AcLounlEng LimTted
3 Melvikle Crescent
Edinburg¥h
Banker
Biink of Scotland plc
426 Momingside Road
Edinburgih
EHIO 5QF

Marchmont St Giles, Parish C'hurch of SeotlAnd, F.dinburgh SC'009338
l i'ustees, Annulll Report
Year ended 31 December 2024
Trustee5Y ResponsÈbilitie5 in Relation to the Financial Statements
The chaiity Trustees are r¢stK)nsible for pr¢paring a Trustees. annual report aiid financial
Statements in accordance with applicable law and United Kingdom Accounting Standards
(UniÉed Kingdom Generally Accepted Accountingi Practice).
The law applicable to chariti￿ in Sco)tland requires the charity Trustces to prepare financial
sratements for each year which show a true and fair view of the state of affairs of the charity
and of th¢ income and expenditure of the ch&TAty for that period. In preparing the financial
Statements, the Trustees are required to".
Select suitable acc4>unting policies and then apply thein consist¢ntly-
Observc the methods and principles in Èhe applicable Charities SORP.
Make judgments and estimates that are reasonable aDd Prudent.
State whetber applicable accounting standards and stateiTJ¢nts of recommended practice
have been followed. subject to any departures disclosed and explained in the fu￿nCIal
statements:
Prepare the fillancial statenients on the going conc¢rn basis unless it is inappropriate to
presume thdt the charity will continue in operntional extstence.
The Trustees are responsible for keeping proper accounting records which disclose with
reasonable accuraLy at any time the fmanctal position of tjie chaTity and to enable them to
ensui'e that the financial statements comply with the Charities and "frustee Investinent
(Scotland) Act 2005 and the Charities Accounts (Scotland) Rcgulations 2006 (as amended).
They are also responsible for safeguarding the assets of tbe Lbitiity hence for taking
reasonable steps for the prevention and detectioll of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of tbe charity and financial
inft)rmation on the con¥regation's website. l_egi.slation in the lJnited Kingd()m governing the
prep￿atIon and dissemÈnation of financial statements may differ from legislation in other
jurisdictions.
Approved b! tbe Trustees and signed on their behalf.
Date:
io

M&rchmont St Giles? Parish Church of Scotland, Edinburgh SC009338
Trustees, Annulil Report
Year ellded 31 December 2024
Indepen(lent Examiner's Report to the Trustees of MArehniont St Giles Parish Church
I repoit on the a¢couiits of the charity foi. the year elided 31 Dec¢niber 2024. which are set out
on pages 12 to 24.
Respective responsibilities of tru$te&8 and examine
The Lhdrity's trus'tees ￿e Tesponsible for the prcparation of thc accounts in accordance with
the temis of the Charities and -Irustee Investment (Scotland) Act 2005 and the Charities
Accounts (Scodwid) Regulations 2006 (as &mended).
The cliarity tnistees consider that the audit requirement of Regulatioi) 10(1) (a) to (c) of
Accounts Regulations does not apply. It is my responsibility to examine the accounts as
required under section 44(1) {¢} of the Act and to slate whetheT particular matt¢rs have come
to rny attention.
Basi5 of independent examRner's $tat¢nhent
My exaniination is carried out in accoidattce with Regulation I l of the Charities Accounts
(Scotland) Regulations 2006 (as amended). An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts presented with thos¢
records. It also include.s consideration of any unusual ilcins 01 disclosuies iii the accounts. and
seeks explanations from the Trustees concerning any such matters. The procedures undertaken
do not provide all the evideThce that would b¢ required in an audit. and consequently I do not
expit%s an audit opinion on th¢ view of the accounts.
Independent examiner's statement
In the course of Iny examination, no rnatter bas come to my attention
l. Which gives me r¢&sonable cause to believe that in any material respect the requirenietLts-
To keep accounts records in accordance with Section 44 (1)(a) of the 2005 Act and
Regiilation 4 of 2006 ALcounts Regulations (as amended), and
To prepare accounts which accord with the accounting recording and comply with
Regiilation 8 of the 2006 Accounts Regulations (as ameThded} have not been met, or
2. To which in my opinion, attention should be drawn in order to enable & proper
ullderstandin
of the accounts to be reached.
ClIArlered ALuountdnt
Hollis Accounting Limited
3 Melville Crescent
Edinburgh
EH3 7HW
Date
sl3lLr
li

MarchmoJ)t St Giles, Parish Chureh of Scotland, Edinburgh SC009338
Statement of *inancial Activities
Year ended 31 December 2024
Notc U￿reSt￿L*¢d Re8tricte
U￿r￿trICted
Fun4]s
RLsiri£ted
Fund8
2023
Totsl
2023
2024
2024
2024
2023
lJTr¢ome #nd ¢ttdoivmelll$ frum-
Donations and legacics
Charithblc actiVjti¢S
R¢nLil and café
Invcstznellts
Other
79.555
700
316
79,871
70
233,700
443
118.325
44,955
12,015
409,438
450
234,150
443
121,241
52.126
L,727
265,349
121.241
53,723
11,727
267,262
118,325
46.374
E2,015
411.307
1.597
1,419
1,913
1,869
Expendiillre on:
Rttisirg funds
Charithble activiiies
160
336.834
336,994
386
264.240
264,626
38()
332.758
332,918
4.076
4,076
4.530
4,530
268.770
269.156
Totol eX￿endItUre
Net itEtoJlltJexptnilitur¢ before
gal￿5 IIDd losse5 on inv¢stMenis
#nd rrvalkEatlDEi
-67.569
-2,163
-69.732
144,812
-2.661
Net gain51I(6S¢S QD investment8
79,903
6,506
86,409
-367.288
-280.879
.350.611
78.440
5,087
83.527
Revalualitsn of fixed ass¢1s
-367,288
-287,385
-354,9fj4
6,506
4,343
78,440
223,252
5.087
2,426
-357
2,069
83,527
225,678
Ntst incomelexpenditure
Ttrausf¢rs b¢tw￿ll fimds
N¢t mDYemtAt in funds
15
4.016
-350,938
4.016
327
357
2?3.609
-350,611
225.678
ReLOrtci]i$tion of fund¥:
Total fullds brought ferward
Total fwidg ca￿1¢d fonvaTd
2.460,566
2,109,628
83,50?
83,829
2,544,068
2.193.457
2,236,957
2,460,566
81.43_1
83,502
2.318,390
2,544,068
12

archmont St Giles, Parish Church of Scotland, Edinburgh SC009338
Balance Sheet
At 31 December 2024
2024
Unwtrieted Restricted
Fund$
Fund
2023
Unrestricted Restricted
Fundg
Fuuds
Totsl
Total
Funds
Ell￿d$
Fixed Assets
TaDgible assets
J￿e￿￿￿entS
Total FAxed Assets
Café stock
DebtOJ5
Cash at bank alld oil I￿lld
Total C¥rreDt Assets
Laabilitie8
620.510
1,444.87
2.065.381
1,286
4214
6?0.510
1.520,332
75,462 2,140,842
1,286
4,589
54,923
60.798
987.798
1,414.969
2,402.767
657
12,237
57.92S
70,819
987.798
68.956 1,483,925
68,956 2,471.723
io
li
375
285
12,522
72,186
85.365
7.992
8,367
14,261
14,546
52.431
Credi1055 falling due wtthiu one ye
Net Currtnt Assets
12
8,185
44,246
8,185
52.613
L3,020
57.799
13.020
72,345
8.367
14,546
Net A85ets
13
2,109,628
83,829 2,193,457
2.460.566
83,502 2.544,068
The funds of the tharity:
Restricied income funds
LTKrestsicied inc0￿e funds
Total charity fkinds
15
83,829
83.829
2.109,628
83,829 2.193,457
83,502
83,502
2,460.566
83.502 2.544,068
2, IU9.628
2,109,628
2.460,566
2,460.566
d signed oJ* their behalf by..
Sessio# Clerk
Tre85urei
13

Marchmont St Giles, Parish Church of Scotland, Edinburgh SC009338
Accounting Policies
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.
Basis of preparation
The financial statements have been prepared in accordance with the Financial Reporting Stsndards
applicable in the UK and Republic of Ireland (FRS102). the Statement of Rec017llnended Practice
applicable to charities preparing their accounts in accordance Nvitb FRSI 02. the Charities and Trustee
Investjnent (Scotland) Act 2005 and tlie Charities Accounts (Scotland) Regulations 2006 (as amended).
The charity constitutes a public benefit entity as defined by FRS102. The trustees consider that therc are
no material uncertanties about the charity's ab&lity to Continue as a going ¢on¢¢nL
Fund aecovnting
Funds are classified as ¢ither restricted funds or unrestricted funds, defined as follows..
Restricted funds are funds subject to specific r¢quir¢menl8 as to thetr use ivhich may be declared by the
donor or with their authority or created through legal processes. but still within the wider objects of the
charity.
UnrestriLted ￿llds ate expendable at the dtscretion 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 ￿nd. This designation has an adrnillistrative purpose only and
does iiot legally restrict th¢ trustees, discretion to apply the fund.
Income
Income is recognised when the chai-ity has entitlement to the funds, any peiformance conditions allach¢d
to the iteKn(s) of income have been mel, it is probable that the income will be received and the amount
can be measured reliably.
Donated services and facilRties
Donated professional services and donated facilities are recognised as income when the charity has
control over the item. ally conditions associated with tIie donated item have been met, the receipt of
onoinic benefit from the us¢ by the charity of the item 15 probable and d]at economic benefit ran be
measured reliably. In acLordance with the Charities SORP. time volunteered by members of the
congregation is not iecognised.
On rec¢ipt, donated professional Services and donated facilities are recognised on tbe basis of the value
of the gift to the charity which is the amount the charity would have been willing to pay to obtain
services or facilities of equivalent economic benefit on tbe open market. a corresponding amount is then
r¢cognised as exp¢nditure iii th¢ period of receipt.
Grants
Grants are recognised Thithin income when there is reasonable assurance that the charity will comply
with the conditions attaching to them and that th¢ grants wtll b¢ r¢c¢iv¢d.
14

Marchmont St Giles, Parish Churcb of Scotland, Edinburgh SC009338
Accounting Poli¢Res (contd)
Intsrest receivable
Interest on funds held on deposit is included when receivable and the amount cat) be measured reliably
by the charity. this is noniially upon notification of the interest paid or payable by tbe bank.
Pensions
Einployees of the charity are entitled to join a defined contribution pension scheme under auto
enrolnient. Payments lo the defined Contribution pension plan arc reCognis￿ as an expense when the
employees have rendered service entitling them to the contributions.
Fixed assets
The charity has the right to occupy and use for its cbaritable objects certain tangible fixed assets,
including the Church. halls and manse. the fonner two vested in the Church of Scotland General
Trnstees. Th¢ manse is owned by the congregation. No coiisideration is payable for the use ot thes¢
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.
Tangible fixed assets are defined as..
anything with a cost value of greateT than £5,000
alI silver regardless of whether an individual item is valued at less than £5,000 (our silver is listed in
the All ￿SkS section of our insurance poliLy).
Tangible fixed assets. other than those acquired for specifie purposes. are capitalised. Depreciation is
provided on a straight-line basis to write off the cost or initial value, less residual value. of tsn￿ble fixed
&8s¢ts over tbeir estimated useful lives..
Buildings. silver, organ-.
no depTeciation as they ate expected to maintain or increase in
value between the start and end of each year.
Furniture & kitchen equipment
10 years
Office equipment
5 years
Ligbiing and sound systems were installed during the year. As these were for a specific purpose and were
replacement items, the expenditure has not been capitalised.
Investments
Fixed asset investments are stafrd at market value at the balance sheet date. Unrealised gains and losses
repr¢s¢nt the difference between the market value at the beginning and end of the fmancial year or, if
purchased in the year, the difference between cost a]3d market value at the end of the year. Realised
gaKns and losses represellt th¢ differen¢c between the proceeds on disposal and ihc market value at the
start of the year OT Cost if piirch8s¢d in ihe y¢or.
Taxation
Marchmont St Giles Parish Church is recognised as a charity for the purposes of applicable taxation
legislation and is tlierefore not subject to taxation on its cliaritable activities. The charity is not
re￿Stered for VAT and resources expended therefore Rnclude irrecoverable input VAT.
15

M8rehmont St Gilt$' P•rish Chvrth of S¢odatsd, Edinburgh SC009338
Notes *ormin¥ part of tlie financial 5tatement$
for the year ended 31 DeceThbeT 2024
Unre$tritted Restricted
FuBd$
Fiijjds
2024
2024
Total
2024
l Do￿•tionS aod Leg#cie5
OIFerill8S
Tax rctovei¢d on Gift Aid
Legacies
(70 for It grant
Otlifjt graftts
Other iiicome
46,536
8,425
3.000
13.333
8,019
242
46.536
8.425
3,0(K>
13,333
8.019
558
316
79,555
316
2023
2023
2023
OffeTyngs
Tax rewvcred on Gifi Aid
Lcgacies
Go for It grant
Other grants
Other in¢om¢
52.035
19,282
161.982
52.035
IlJ,282
161,982
401
450
851
45
234,150
2024
2024
2024
2 Income from chAritable 4¢tiiities
Weddings and fuJerats
7(Ml
700
2023
2023
2023
Weddittss and funera15
443
443
16

M*rthmoiit St Giles, PAri8h Ch¥tth of Stotland, Edinburgh SCOO9338
Notes forming part of the fits$n¢i41 stattmEDts
for the yeAr e#ded 31 Detettiber 2024
Unrestricted Restritttd
Fllttds
Funds
Total
3 Re￿tal and rafé income
2024
2024
2024
Rettt iec¢Jv¢d for Use of Cliurch halL8
Café iiicome (see Notc 171
77,237
44.004
77.237
44.004
121241
121241
2023
2023
2023
Rcni receiv￿ foT usc of Cburcb h&115
Café inc4)me (scc Notc 17)
75.985
42,340
75.985
42.340
118J25
118 325
4 I￿veStMent inconle
2024
2024
2024
Dividends re¢eii'ed
Dcposir itii¢test
51,4l5
7ll
1.597
53,012
1.597
53,723
2023
2023
2023
Dividends te¢eived
D¢posit interest
44,151
804
1.419
45,570
8114
44.955
1.419
46.374
S Other Ru¢ome
2024
2024
2024
Ret¢2pis from Geuernl Tn￿tee5
1,727
11,727
11.727
11.727
2023
2023
2023
Receipts from Genernl Tn￿tres
12,015
12.015
12.015
12,015
17

M#r¢lkMont St Giles, P9r1s￿ Chur¢h of Scodalld. Edinb￿¥¥￿ SCOf19338
Notes fonning p&rt of th¢ fiDancial slatements
ror the yeor wdtil 31 December 2D24
Ilnrestricted Restritted
FIEnds
2024
Tot21
2024
2024
6 Analysis of Expendit4Tre
Ratsiiig Fill￿5
Card charges
ch￿lIable A¢tiviti¢s
Givittg to Grow Allocatio
Pre5b￿￿ry Duts
MiDisrees Expeuses
Plllpii Supply
Othet SaLwy Costs (Note 71
Café Expenses (NO￿ 171
Fabric Repaits & MainteDanc¢
Council Tax
Other Butldings Costs
Repairs, Maintenance Office Expctts
Sound and Lighting
Or￿ll & Mu51C
Ind¢p¢ndent Examiller's fec
Lcgal and Professiottal ExpeitSe5
Othcr expcuxts
160
160
65.286
1,279
960
859
97.602
15,782
995
3,728
50,485
65.286
1,279
960
859
97.602
15,782
995
3,728
50,485
27,253
60.592
2,163
985
600
8.265
336 834
60,S92
2.163
985
600
332,758
4.076
Total
332.918
2023
2023
2023
Raising FEIDd5
CaTd cbargcs
CbaTÈtable Activitie$
Givi1￿ to GEOW AIlocati¢)n
PiesbNery Dues
Min2slePs Exp¢nses
Pulpit Supply
Other salary Costs IN0* 7)
Cafe sxpcoses (Note 171
Fthbric Repairs & Mtintctt8nc¢
Council Tax
Other Butldittgs Costs
Rq)ait5. Mainienajjce and Offi¢c EipeTr5¢S
Sound & Li8bbng
Organ & MUSIC
lrtdepeiidciit ExomiJ)er's fte
Other cxpettses
386
386
65.185
1.326
960
65,185
1,-326
643
72,686
72.68f)
15,388
2,284
3.627
40,601
22,339
35,336
23
2.284
3.627
40,601
22,339
35,336
2,366
938
5.068
?68.770
2.366
938
2,927
264,2411
4.530
Total
264.626
269.156
The Tru$te¢5 con5idcr thctt is only one ¢haFilabl¢ aciivsty. Suppon costs relate wholly lo that activity and have Ihefffor¢ noi been
5cparalely tdentified.
18

M4rthmottt St Giles, P#ris1s ChLirth Of Scotl•nd, Edittburgh SC009338
Ntstes formillg p4rt of the financial stateDaeTht5
for tbe year ended 31 X)etembeT 2014
2024
2023
7 St4ff costs and numbers
Salaties ond wagcs
Social Stcui'iiy costs
OtlicF pcnsioTr c051s
Toral
95.426
521
1,655
97.602
71.424
1.262
72,686
The aY¢rttge nuTKtser of ¢mployee$ during the ytat was 85 fA)Ilows.'
2024
No.
2023
.0.
Officc Adminiytrator
Organist
Chur¢h otyieer and Cl¢aA¢r
Intet¥¢ncritioJal ￿orker
Café employec5
All CThurcb of Scotland conwBations contribute to the National Siipend Fllttd which bears tbe cost$ of all ministers, stipend$
¢mploycrfs Contributions for oationJl insutarjce. peijsioii aiid h0115ing and loan fund. Ministers, stipends aTe paid in Ir ccol'dance
with thc uatioiial stipetid scak, which as relatcd to Jrtits of seivice. For the year under revie￿. slspends ranBed b¢￿¢¢Th a
inimujn siipend of £3 1.642 2nd a maxiinum stipciid in lh¢ fEftb and subKqu¢ni >rars' sffi'icc of £38,884.
Five outof th¢ six eJnployce5 wer¢ aulo-¢nroll¢d into a d¢fmcd ¢ontribuiion pension scheme The tsthey employee was noi eligible
toioiii. Th￿￿ were no outstandilig tOtsttibiitioTrs at the year end (2023 - £Nil).
No ¢n)ployees I￿ either 2024 or 2023 rccesved employec bencfits in excess of £60,000_
8 Trllstee remuneration Related Party Trntts*cti05Attioos
Di￿2￿8 ye41r four
addition, Thc
BKpeD5¢s £9CJO j 111:._j
fli'c
Txustees receiv￿} reimbursement of expense$ ittcurr¢d totsdlin8 £1,002 12023 kn J351. Itl
received tbe followiLg expettses in lh¢ y¢at.' Cowjeil t•x £3,72812023- U.627) and travcl
£9.760 {2023 - £9,135) is i¢corded as h7￿ ving ixetL donaied by Trusiees.
19

Marchmout St Gilt$' Parish Chur¢h ofstotland, Edinbui
Notes forming part of the finantial 5tate￿e￿ts
for tht ye*r ellded 31 December 2024
9 TAngiblt Fixed Assets
Organ & Furniture &
Silver
EquIpme￿t
Buildlngs
Total
Cost
At l January 2024
Addillorts
Adjustmeiit on rc￿lUation
Ai 31 Dec¢mb¢t 2024
510.710
477,088
24,343
,012.141
-367.?88
109.800
-367,288
644,853
510,710
24.343
Accumul8ted Depreciotion
Ai l Jattu2ry2024
Charge for ￿&t
At 31 DeceEllber 2024
24,343
24.343
24,343
24.343
Net Bookvalve
At 31 December 2024
Ai 31 DeceJnb¢r 2023
510.710
510,710
109.800
477.088
620.510
987.798
During the ycar, a valuation of the silvcr was obt21ncd. In additiou. it was considcr¢d tiJat the organ has no realisable value.
These valiiatitsns have been in￿rPorate￿I in the accounts.
C05t
Al I1￿￿ttary2O23
AdditiOllS
At 31 Deeemb¢r 2023
510,710
477,088
24J43
1.01? 141
510.710
477.088
24,343
1.012 141
Attllmulkttd Depre¢iatio
At l JaDiiary 2023
Chakge for y¢ar
At 31 D¢¢ember 2023
24,343
24,343
24.343
24,343
Ntt Book Valut
At 31 De£embw 2023
Ai 31 De¢¢Tnber 2022
510.710
510710
477,088
477 Q88
987,79
987,798
20

Marchmonl St Gile5' ParÈsb Church of Scotland, Edinbiirgh SC009338
Note$ formRng part of the fI￿ftnClal statem¢tsts
for the year ended 31 December 2024
10 Inv¢5tment5
2024
2023
Markei value at l January
Purcliased in year
Cost of ittv¢stsnelltS 801d
u￿[ISed gain l(loss) on inve8tmellts
Markci value at 3 L Deceth¢r 2024
1.483,925
1.3011.399
99.999
-47,446
84.353
l.-f21),J32
83.527
1,483 925
Irtvcsitts¢nts at cost
983 259
983,259
Proceeds of Sale
C05t of ullits sold
Realised gain on sale
Unrealiscd gain on tevaluatiott of investDieiilS
N¢1 gaiti on invcstmcnts
50,(K>2
47.946
83,527
83527
86,409
The followios ittvcstments ar¢ held..
143,41812023 - 1.51,6421 units lli Cof5 Investors Trust Growtb FU￿ 405,465
54,73112023 . 54.7311 CotB Investers Trust Incon￿ Fund
540,469
945.934
442.790
540,469
983,259
JI D¢btor5
2024
2023
D¢btor5 prepayments
4.589
12.529
21

Marchmont St Ciles, Parish, Church Df Sco*l¥nd, Edinburgh SC009338
Notes formittg PArt of the finAntiol st3tem¢rtt$
for the year ended 31 December 2024
12 Creditor5
2024
2023
Creditors. acctuals and ptOVÉ810DS
8,185
13.020
13 ADalysis of Net Assets Among Funds
Unrestrictedl
De$igll#ted Restri¢¢ed
Total
2024
620.510
1,444,871
52,431
-8,184
2 109 628
2024
2024
Fixed Assets
Investment5
Current Asset$
Current Ligbilities
F4et as5et5 Ilt 31 Dec 2024
620.51(1
1520.335
60,798
-8.184
2,193,457
75.464
8.367
83.8?9
Ilnrestrictedl
De5iVtated Re5trieted
2023
987,798
1,4 14.968
70.820
-13,020
2.460,566
2023
2023
987.798
1,483,925
85,365
-13,020
?,544.06.8
Fixed As$¢ts
InveslEnents
Ciirrent Assets
Ciirrent l¥iabilffttfres
let 8$set$ #t 31 Dee 2023
68.957
14.545
14 Volunteers
In comiuoJ all congregatlODS of the Church oEScotlartd, thc Cott￿￿atiOrt t¢ll¢fits frorn the conttibution u?ad¢ by volunle¢r5
who uive tbeii tith¢ and talents wiUID8ly for the bcnefit of the chLtrch. The areas of collgrcgaiienal life wliicb r¢ly oll the
conttibiition of voluiitecr5 are Tnaijy aEJd varied and niuch of ilic aciivity would be tsnable io contittue w¢re Trt otst for the
commillntni shown.
22

Marchmo￿t St Giles, Parish, Chiir¢h of scotlan￿ Edinbyrgh SC009338
Note$ fvrmiiig pai't of the fRuancial statements
for th¢ yeY4r ejded 31 December 2024
15 MovElnellts in Fund5
At l Ja￿￿ary
2024
G4itisnosse$ IVriÉe-offl
Expellditsre & Transfen Revaluation
At 31 Dec
2024
icome
Restricted luiids
Choir & Orgatt Fund
Flow¢rFund
Youth Orb?allisatioos Fwid
B•ievol¢nt Fwid
Chutch orgallisatio￿8
Capiral Proje¢f$
146
445
190
1,133
-2,163
-858
2,017
524
6.177
9.144
57.741
5.439
5.000
6,288
IQ.108
62.432
-1.056
4,614
-5439
5,000
83,829
1.913
2,490
UTrrtstriettd fTrEnds
Gtn¢r&l Fuod
bri¢ Fund
Reserve Fund
Fatillly & Childrcts's Worker Fut
Hall D¢vclopilleiil Fund Phase 11
A55et Fund
388,398
663.690
271,831
LO,498
138.353
987 798
2.460.566
225.1(12
33,717
3,917
-332.918
41.069
24.303
653
321,651
721.710
276,401
10.498
158.861
620,509
2,IU9.628
2,613
17,895
-367
88
-367,288
265,349
.332.918
Total fulld5
2 544.069
267,262
-336,995
86.410
-367,?88
2.193,457
At I JAnuAry
2023
GaiD511os5e5
Write-offl
E¥pendiÉui'e & Tralisfers RevaliiAtio
At 31 Dec
2023
Encom
Restritttd fund$
Choir & Organ Fund
Flower Fund
Youih OrgaDisations F￿rtd
B¢nei"olent Fund
Church Organi52tions
CapÉral Proje¢ts
30
564
169
-2.366
.1,062
-47
-1,055
2,236
6.266
8,417
54,183
7.568
5,000
81,433
6,177
9,144
57,741
5,439
5,000
83,507
6QS
3,607
-2.129
1.869
4.530
4.728
UDrtstricted funds
Genw?l Fund
Fabric Fund
Re5etwc Fulld
Family & Children's WoTker Futtd
Hall Developttmt Fund Phase IJ
Asset Fwid
25),909
600.806
265.956
10,498
17,991
987.798
2,23().957
373,360
28.371
3.264
-264,625
25.754
-14,513
2,611
388,398
663,690
271,831
10.498
1311,353
987 798
2.460 566
4,443
15,919
409 43
Total funds
2318 390
411307
.269 156
83.526
2.544 067
of Re
Choir & Organ Fund..
TIIIS is io P2y for organ aiid choir music, an organi51. singeT5' buT5aTi¢S
rcpairs and n￿IntenanCe of the orgao.
This is a fund to proi'2de flowers for display serw¢¢s ()f worship.
This fiind provides suppon for matertal 2lld a¢tiviti¢s Eor the Church's youtii
org&Jnisations.
This fwid Is Èi thc millIst¢r'5 disposal for bencvolent PUTPOSCS e.
C11ri5tm3s gifts for needy fanulies ill the local area.
FloH'er Fund..
Youth Org￿lIsatiOns Fund-.
cnevolent Fund-.
23

Marcbmont St Giles, Parish, Chyrch of Scotland, EdTrnbtirgh SC009338
Noles ftsrming part ofthe fina￿¢1￿1 Statements
for the year ended 31 December 2023
15 Mov¢mettt$ ith Fuud5 {coiitiBued)
Church Organi$ations'.
These ar¢ tke fll)artces of th¢ vaiiou5 Cliurch organisalions e.g. The Guild.
The Gu21d fuiids W¢E¢ transf¢￿ed to the Chi￿ClI during 2023.
A le¥acy wus reCei￿d in 20L4 specifyitsg thts use on ¢apilal projects ODIY.
Cjpital Projects..
nfD
Fabric Fund..
Fa]nily WL Children's Worker Fund..
Developin¢Dt Fund..
Asset bu]￿..
naled FuJds
Tlie TTU5tecs have set aside fullds for mailltettanee of Church properry.
The TLliSte¢s Imve sei astde fiinds for employing a Youib Worker.
This i8 to SSl$t with ihe c05t of buildingPhas¢ II of (he Chvicli Cen￿.
Thi5 ig to holLf the valiie of th¢ tt4niJible fixcd assets.
nr
Fund
G¢neral Fund
R¢serYe Fund..
The Trustc£s Kive set asid¢ funds for reserves.
16 Collections for Third Partie$
2024
2023
Smile Tillin
Let your Little Light Shine
688
1,215
1,215
688
17 Cwfé tradiDg 4CCOllYIt
2024
2023
Income
44.004
PurLh3ses
Cleaoing, repair5 etc
CHrd chargcs
Orh¢r expenses
14,094
13,625
444
451
28,?22
32.646
26,929
27,022
Salaries
4.424
-93
Th¢ abov¢ 15 an extract of tn¢o]w uod exp¢uditUTe Telaling lo the tafé operation ihathas been included in the relevantpla¢es
in the accoimts of the Churcli.
24

Marehmont St Clle$' P&rish Cburch of Scotland, Edinbllrgh SC009338
APPENDIX
FUNJ)S HELD ON BEHALF OF THE CONGREGATION
BYTEIK CHL'RCH OF SCOTLAND fRUSTEES
2024
2023
Revenue Atcount
Bal￿]¢£ at 31 Dec*)ther 2023
-273
14
Mast Rental l year
Interest
12.000
438
12,165
11,727
438
-99
-2,343
-2,442
16
12.015
Less.. PaY￿￿￿t made
Less.. loterest eharg¢
Adnll"n fees
273
273
B21artce at 31 December
-2.lJ)4
-273