## **2025 Annual Report and Accounts**
**St Catherine’s Argyle Parish Church of Scotland Edinburgh**
**Congregation No: 010088 Registered Charity SC009379**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **2025 Annual Report and Accounts**
|**Page No**|**Contents**|
|---|---|
|**3 – 6**|**Trustees’ report**|
|**7**|**Independent Examiner’s report**|
|**8**|**Statement of Financial Activities**|
|**9**|**Balance Sheet**|
|**10-11**|**Accounting policies**|
|**12-17**|**Notes to the financial statements**|
**Page 2 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Trustees’ report**
## **Year ended 31 December 2025**
The Trustees present their annual report and financial statements of St Catherine’s Argyle Parish Church of Scotland Edinburgh for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 10 and 11 before the notes to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
## **Objectives and activities**
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in government. 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 distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other churches in various ecumenical bodies in Scotland and beyond.
The regular weekly activities at St Catherine’s Argyle range from Sunday worship to regular group prayer, outreach to overseas students and the provision of meeting spaces for community groups.
## **Presbytery Mission Plan**
The General Assembly required all Presbyteries to agree new ten-year plans by the end of 2022 for the deployment of ministers and the use of buildings. Faced with a substantial reduction in its number of ministers, the proposal of the Presbytery of Edinburgh and West Lothian was to reduce the number of churches by forming groups that would work towards union. The detail of the Plan continues to evolve.
At the beginning of 2025 **,** the Presbytery Deployment Committee told St Catherine’s Argyle that the options to be considered were either a union with Marchmont St Giles’ – and potentially Reid Memorial – or dissolution. Fresh talks were sought with Marchmont St Giles’, but they decided on a union with just Reid Memorial, which has now taken effect.
The Deployment Committee then wrote saying they were “ _minded to re-engage with St Catherine’s Argyle to see if there were some creative or imaginative ways that a missionally orientated future could be found for the congregation. The energy of the congregation was recognised and it would be ideal to tap this energy in some manner.”_ This was received as encouragement to formulate new mission plans and to seek appropriate partners, where necessary, to implement those.
## **Achievements and performance**
Since receiving that encouragement, we have formally received 9 new people into membership. They have a wide range of gifts and experience and are already helping in areas where we had felt constrained by a lack of personnel.
There is a growing sense of being church together, supporting and encouraging one another, rather than just coming to church. There is also a renewed acknowledgement that the congregation exists not only for mutual benefit but to serve the people in the surrounding parish.
2025 saw the completion of much of the redevelopment of the old Sick Children’s Hospital site for residential use. People have been moving in and some of our members have been meeting and welcoming them.
Many young families and students live in the parish. We already run a Sunday Club for children during our weekly services and there is an ambition to reach children on other days of the week too. We held a ceilidh for young families in the area in the autumn. English conversation evenings have continued as a service to overseas students, some of whom have expressed interest in finding out more about the Christian faith. A course is planned for them which may also appeal to a much wider range of people, including home students and others interested in exploring what it means to be a Christian.
**Page 3 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
Prayer is fundamental to all we do and weekly prayer meetings have continued. The intention is to widen the scope of our prayer ministry in the parish, introducing prayer walks and prayer partnerships.
Any mission initiative needs publicity if anyone is to respond and there is a particular need to raise the profile of St Catherine’s Argyle after a period in which the local assumption has been that closure was imminent. The first step has been to create a new website, using funding provided by the North Merchiston Fund, which is about to launch. We also resumed the distribution of Christmas cards throughout the parish after a gap of several years and followed that with community carol singing outside the local shops.
We are pleased to be able to help our community by providing meeting places for a growing number of organisations. The demand is clear, with a steady flow of enquiries, and this is a good way for us to make contact with a wide range of people. In addition, a volunteer group has continued to maintain the church garden which is open to all and enjoyed by many of our neighbours.
On Sundays we have continued to use the Revised Common Lectionary to ensure that both adults and children explore the same bible passages week by week. Over the months this has given us a good overview of Christian faith as well as a rhythm to the year. In addition to the major Christian festivals of Easter, Pentecost and Christmas we have marked Mothering Sunday, Christian Aid Week, Harvest and Remembrance Sunday in special ways. Our own band leads singing on a Sunday, but a local orchestra joined us to help lead worship for one of our Christmas services.
Harvest was again the occasion to collect for Newington Foodbank+, which is a ministry of Newington Churches Together, of which we have now applied to become a member. We continue to support the homeless in our city by sending a team of volunteers to serve on the Edinburgh City Mission/Bethany Christian Trust Care Van.
Our previous parish minister left us more than four years ago and we now have five church members who also lead worship from time to time and have invited guest speakers on four occasions this year. This has meant that we have had little need for pulpit supply.
## **Financial review**
In 2025 **,** income in the General Fund was £15,570 more than expenditure.
Income from hall rents was £32,789, a substantial increase of 17% over the previous year. This comfortably exceeded building running costs of £26,041 for lighting, heating, cleaning, safety checks and insurance. The manse was let for the full year, producing net rental income of £32,764 after deduction of management and maintenance costs.
Giving by members remained subdued with uncertainty relating to the Presbytery Plan continuing. Nevertheless, giving increased in the second half of the year with both contributions from new members and increased giving by longstanding members. It is likely that giving could be boosted substantially if the congregation were to be given long enough to implement some of its mission ideas that would require significant expenditure.
Contributions to ministry in the wider Church through the Giving to Grow scheme amounted to £27,661 in 2025. This was entirely support for other congregations because all local costs were covered locally.
Because the Presbytery Plan has highlighted our building as one for possible disposal, we are permitted to undertake only minor maintenance. The total spent on fabric repairs and maintenance was £8,109. Much of this was on roof maintenance and the repair of storm damage **,** which was followed by internal decoration.
## **Investment policy and performance**
St Catherine’s Argyle has funds invested in the Growth and Income Funds of the Church of Scotland Investors Trust and managed by them in accordance with their investment policies. We note that the Investors Trust changed the manager of the Growth Fund during 2025 following several years of disappointing performance.
**Page 4 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Risk management**
The Kirk Session assesses the risks to which the Church is exposed and has policies to mitigate them. These cover governance risks, operational risks from child protection to fire in the buildings, financial risks and compliance risks.
## **Reserves policy**
It is the Trustees’ policy to hold reserves equivalent to at least six months expenditure. A higher level means that finance is available for new projects. At the end of the year the General Fund had net assets of £129,741. This was substantially greater than General Fund expenditure during the year.
## **Structure, governance and management**
The congregation is a registered charity, number SC009379 and is administered in accordance with the terms of the Deed of Constitution (Unitary Form) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church, chosen from those members of the church who are considered to have the appropriate gifts and skills, and the minister or interim moderator.
When our minister moved to a new charge in November 2021, Presbytery appointed an interim moderator to take his place as moderator of the Kirk Session. The Kirk Session meets at least eight times a year and is responsible for spiritual affairs within the church. Certain responsibilities are delegated to the Fabric Committee.
## **Reference and administrative information**
## **Trustees**
The following trustees are the members of the Kirk Session who held office throughout the year and up to the signing of the accounts:
Elders: I Anderson, J F Anderson, J E Cooper, C Martin, W McGhee
The following served for the whole of 2025 but resigned before the signing of the accounts:
Interim Moderator: Very Rev Dr D Browing until 5[th] January 2026 Elder: K Peskett until 11[th] January 2026
## **Principal office-bearers**
Interim Moderator: Very Rev Dr D Browing until 5[th] January 2026 Rev J Howitt from 5[th] January 2026 Session Clerk: K Peskett until 11[th] January 2026 D Stephen from 11[th] January 2026 Church Treasurer: N G Watson
## **Principal office**
61 - 63 Grange Road Edinburgh EH9 1TY
## **Charity No: SC009379**
**Page 5 of 17**
St. Catherine's Argyle Paiish Church of S¢otland. Edlnburyh
Independent Examlner
R L H Crawford BA CA CTA
Jeffrey Crawford & Co
25 Castle Terrace
Edinburgh
EH12ER
Bankers
Bank of Scotland
426 Morningside Road
Edinburgh
EH10 5QF
Trustse$' responslbllltlas In relation to the financial statements
The charity trustees are responsible for preparing a truste8s' annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted A¢¢ounting Practice).
The law applicabl8 to charrties in Scotland requires the charity trustees to prepare financial statements
for each year that show a true and fair view of the state of affairs of the Charity and of the incoming
resources and application of resources of the charrty for that perii)d. In preparing the financial
statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.,
obserye the method and principles in the applicable Charities SORP.
make judgements and estimates that are reasonable and prudent:
State whether applicable accounting standards and statements of recommended practice have
been followed, Subject to any departures disdosed and explained in the financial statements,.
prepare the financial statements on the going concern basis unless it is inappropnate to Pfe8ume
that the chanty will continue in operational existence.
The trustees a responsible for keeping proper accounting records which disdose with reasonable
accuracy at any time the financial position of the chanty and lo enab them to ensure that the financial
statements comply with the Charities and Tnjslee Investment (Scotlandl Act 2005 and the Charities
Accounts (Scotlandl Regulations 20C6 (as amended). They are also respjnsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularrties.
The trustees are responsibl8 for the maintenance and integrtty of the charity and financial infonnation
on the congregation's website. Legislation in the Untted Kingdom governing the preparation and
dissemination of financial statements may drffer from legislation in other jurisdictions.
Approved by the Trustees and signed on their behalf,
D Steph•n,
Session Chrk
17th March. 2026
Page 6 of 17
Ind•pffid•nt Examln•rf• R•port to th• TnMts•• of 8t Cathorln•'• Aryyl• Parf•h Churth
of Scoiiand Edlnburgh
I report on account8 d the rjwrfty for the yw •nd•d 31 Decembw 2025, Ythlch are let
Pag•8 8 to 17.
R••p•cU¥• r••pon8lbllltlM ol Trwt•M and Exwnln•r
The chartyg trwb88 are for tho pr•paratlon of th• In •¢¢ordane• wlth th• twm•
of ts Charftles and Trustee Invathont (Scotland) Act 2CM)5 al th• Ch*lll8• Accounts (Scotland)
20001*8 •m•nded).
The charlty's tru6toos c¢n•ldw that th audit rfjqulrnm•nl ol Ragulation 10(1) (a) to (c) of th8 Accot•
R•gul•llon3 doo8 Mi apsty. 1118 my re8Pffi8lbllNy to ex the ac¢ount8 und•r ••ction 4411)(c) of
th8 Ad and lo 8t•t• ¥thelr partlwlar mattern have com• to my att8ntion.
B••l• d Ind•p•nd•rt Examln*• •t•l•ii•rt
My •x•Thknatkn IB ¢wrl•d out In #cwdAnc• wllh R•gulatlon 11 of th• Chadtlts Ants (S¢otlind)
R•gulation¢ 2008 (88 amond•d). An •xamlnallon Indude• a Mvithv of ts accountkng r•ctyth kopt by
tharty and • companion ol th• acco#$ w•••nt•d wlth tho#e r•cord8. It alw indu
n•lderatSon ol any unusLMI It•m8 or in th• aTrJ gwk• explanthn• from th•
tru•to•• con¢•mlng mattfjrn. The proc4dure8 undertaken (k> n(* provldo all th• evidenc• that
would b• r•wired In an •uthl, 4nd I do not 8XW918 an audh oplnion on Ihe vlew
Ind•p•nd•nt £xMnln•rf• •lat•m
In Ihe COLW•O of my •x4mlnatlon. M m•tt•r hu em to my att•ntton.'
1. *hl¢h gl¥M m• r•Monatle rAUM to b•M•v• th•t In any mat•flal r•8p•d the requlrem•nl•:
. to keep accI)urJ records In •cry*dofica w6th Soctlon 44(1X4> d lh• 2(KJ5 Ind
ROg•kn 4 of the 2008 AoUnts Regul•tlon• (88 am•nd•d), and
pr•pw• •cwJrtJ wN¢h •cctyd with the ac¢ountlng f•conl• •nd comply R•gul•tlon 8 of
21Xkl Acc4wnts Rwlallon8 (48 am•rth) hav• not bwi m8( or
I to *filch, th my OFthlon, attentlon •hould b• (trwi kn ord•r to •nth a kYq)er underntandlw of th•
R L H Cr4*lord BA CA CTA
25 Ca811• Trn
Edlnbur
EH12ER
19 th March 2028
Pw7ot17
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Statement of Financial Activities**
|**tatement of Financial Activities**|||
|---|---|---|
|**Year ended 31 December 2025**
**Note**
**Income and endowments from:**
Donations & Legacies
**1**
Charitable activities
**2**
Other trading activities
**3**
Investments
**4**
**Total incoming resources**
**Expenditure on:**
Charitable activities
**5**
**Total expenditure**
**Net income/(expenditure) before**
**gains/(losses) on investments/loans**
Net gains (losses) on investments
**10**
**Net income/(expenditure)**
Transfers between funds
**15**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds brought forward**
**Total funds carried forward**
**15**|**Unrestricted**
**Funds**
**2025**
**£**
**Endowment**
**Funds**
**2025**
**£**
**Total**
**2025**
**£**
20,333
-
20,333
-
-
-
73,409
-
73,409
3,366
1,354
4,720
**97,108**
**1,354**
**98,462**
81,538
26
81,564
**81,538**
**26**
**81,564**
**15,570**
**1,328**
**16,898**
2,320
3,245
5,565
**17,890**
**4,573**
**22,463**
135
(135)
-
**18,025**
**4,438**
**22,463**
**1,196,316**
**51,145**
**1,247,461**
**1,214,341**
**55,583**
**1,269,924**|**Unrestricted**
**Funds**
**2024**
**£**
**Endowment**
**Funds**
**2024**
**£**
**Total**
**2024**
**£**|
||||
|||10,450
-
10,450|
|||100
-
100|
|||67,228
-
67,228|
|||3,483
1,353
4,836|
|||**81,261**
**1,353**
**82,614**|
||||
||||
|||78,886
-
78,886|
|||**78,886**
**-**
**78,886**|
||||
|||**2,375**
**1,353**
**3,728**|
|||1,481
3,325
4,806|
||||
|||**3,856**
**4,678**
**8,534**|
||||
|||135
(135)
-|
||||
|||**3,991**
**4,543**
**8,534**|
||||
||||
||||
|||**1,192,325**
**46,602**
**1,238,927**|
|||**1,196,316**
**51,145**
**1,247,461**|
**Page 8 of 17**
SL Cath•rine's Argyle Parish Church of Scotland, Edinburgh
Balance Sheet at 31 December 2025
T¢)tal Funds Total Funds
2025
Flxed a880ts
Tangible fixed assets
Investments
1.084.600
1.085,71)0
105.271
10
110.836
Total fixed assets
1.195.436
1,190,971
Current assets
Debtors
11
2.509
74.745
972
Cash at bank and in hand
12
58.279
Total current assets
77,254
59,251
Llabllities
Creditors falling due wthin one year
Net current ass6ts
13
2.766
74.488
2.761
Net assets
1,269,924
1247A61
The funds of the charlty:
Unrestricted funds
14
1,214,341
1,196.316
Restricted funds
Endowment funds
55,583
51,145
Total charlty funds
1.269.924
1247461
The accounts We apFKoved by the trustees on 17th Mar¢h 2026 and smjned on their behalf by..
FiuThrrf ERSON
Twstee
Tru8tO0
Page 9 of 17
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **St Catherine’s Argyle Parish Church of Scotland Year ended 31 December 2025**
## **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 of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
## **Fund accounting**
Funds are classified as restricted funds, unrestricted funds or endowment 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.
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 designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accordance with the objects of the charity.
## **Incoming resources**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
## **Donated services and facilities**
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 (FRS102) the general volunteer time of congregation members is not recognised.
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 willing 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.
**Page 10 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Interest receivable**
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 paid or payable by the Bank.
## **Fixed assets**
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, 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.
All tangible fixed assets costing in excess of £1,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives:
Property 0.1% pa Fixtures, fittings and office equipment 5 years
## **Investments**
Fixed assets and investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.
## **Taxation**
St Catherine’s Argyle Parish Church of Scotland Edinburgh is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
## **Accounting estimates and judgements**
No significant judgements have had to be made by the trustees in preparing these financial statements.
## **Financial instruments**
The charity only enters into basic financial instrument transactions.
**Page 11 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Notes forming part of the financial statements**
## **for the year ended 31 December 2025**
|**Analysis of income**
**1**
**Donations & Legacies**
Offerings
Tax recovered – Gift Aid
Legacies & Trusts
Grant
**2**
**Income from charitable activities**
Weddings and funerals
**3**
**Income from other trading activities**
Rent received from church hall lets
Rent received from letting manse
**4**
**Investment Income**
Accrued interest
Dividends received|**Unrestricted**
**Funds**
**2025**
**£**
**Endowment**
**Funds**
**2025**
**£**
**Total**
**2025**
**£**
13,873
-
13,873
2,610
-
2,610
2,000
-
2,000
1,850
-
1,850
**20,333**
**-**
**20,333**
-
-
-
**-**
**-**
**-**
32,789
-
32,789
40,620
-
40,620
**73,409**
**-**
**73,409**
661
-
661
2,705
1,354
4,059
**3,366**
**1,354**
**4,720**|**Unrestricted**
**Funds**
**2024**
**£**
**Endowment**
**Funds**
**2024**
**£**
**Total**
**2024**
**£**|
|---|---|---|
||||
|||8,440
-
8,440|
|||2,010
-
2,010|
|||-
-
-|
|||-
-
-|
|||**10,450**
**-**
**10,450**|
||||
||||
|||100
-
100|
|||**100**
**-**
**100**|
||||
||||
|||27,952
-
27,952|
|||39,276
-
39,276|
|||**67,228**
**-**
**67,228**|
||||
||||
|||778
778|
|||2,705
1,353
4,058|
|||**3,483**
**1,353**
**4,836**|
**Page 12 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Notes forming part of the financial statements**
## **for the year ended 31 December 2025**
|**5**
**Analysis of expenditure**
**Charitable activities**
Ministry (Giving to Grow)
Presbytery Dues
Minister’s Expenses
Pulpit Supply
Manse Council Tax
Other Manse Costs
Fabric Repairs & Maintenance
Other Church & Halls Costs
Office Expenses
Publicity
Organ & Music
Catering
Other Expenses
Equipment repairs & replacements
Independent Examination fee
Depreciation
Donations & Grants|**Unrestricted**
**Funds**
**2025**
**£**
**Endowment**
**Funds**
**2025**
**£**
**Total**
**2025**
**£**
27,661
-
27,661
589
-
589
-
-
-
400
-
400
-
-
-
7,856
-
7,856
8,109
-
8,109
26,041
-
26,041
1,893
-
1,893
3,125
-
3,125
1,184
-
1,184
113
-
113
1,365
26
1,391
518
-
518
1,584
-
1,584
1,100
-
1,100
-
-
-
**81,538**
**26**
**81,564**|**Unrestricted**
**Funds**
**2024**
**£**
**Endowment**
**Funds**
**2024**
**£**
**Total**
**2024**
**£**|
|---|---|---|
|||24,786
-
24,786|
|||648
-
648|
|||37
-
37|
|||104
-
104|
|||-
-
-|
|||7,362
-
7,362|
|||9,714
-
9,714|
|||24,028
-
24,028|
|||2,413
-
2,413|
|||487
-
487|
|||770
-
770|
|||205
-
205|
|||987
-
987|
|||23
-
23|
|||1,422
-
1,422|
|||1,100
-
1,100|
|||4,800
-
4,800|
|||**78,886**
**-**
**78,886**|
No costs were incurred in raising funds. Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore, support costs relate wholly to that activity and have not been separately identified.
**Page 13 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Notes forming part of the financial statements for the year ended 31 December 2025 – continued**
## **6 Staff costs and numbers**
Throughout 2025, the congregation had no employees (2024 nil).
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £32,433 and the maximum stipend (in the fifth and subsequent years) £39,856.
## **7 Trustee remuneration and related party transactions**
During the year, 4 trustees received reimbursement for out-of-pocket expenses totalling £564 (2024: 1 trustee £246).
All trustee expenses are recorded in the Kirk Session minutes. Payments are approved by two non-beneficiary trustees or officers. All the above expenses represent costs incurred in the running of the building and congregational activities.
No trustee or person related to a trustee had any personal interest in a contract or transaction entered into by the charity during the year.
During the year a total of £1,243 (2024: £480) was donated to the congregation by trustees.
## **8 Volunteers**
In common with all congregations of the Church of Scotland the congregation benefits from 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 most of the activity would be unable to continue were it not for the commitment shown.
|**9**
**Tangible fixed assets**|**Manse**|**Buildings**|**Equipment**|**Total**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**Cost**|||||
|At 1 January 2025|**1,100,000**|**21,513**|**97,260**|**1,218,773**|
|Additions|-|-|-|-|
|Disposals|-|-|-|-|
|At 31 December 2025|**1,100,000**|**21,513**|**97,260**|**1,218,773**|
|**Accumulated depreciation**|||||
|At 1 January 2025|**14,300**|**21,513**|**97,260**|**133,073**|
|Charge for year|1,100|-|-|1,100|
|At 31 December 2025|**15,400**|**21,513**|**97,260**|**134,173**|
|**Net book value**|||||
|At 31 December 2024|**1,085,700**|||**1,085,700**|
|At 31 December 2025|**1,084,600**|||**1,084,600**|
The Manse has been included in the financial statements at the Trustees’ valuation and this is reviewed periodically to ensure that the figure reflects the current market value. The most recent professional valuation of the property took place in October 2016 at a figure of £1,100,000. The historic cost of the property was £4,750.
**Page 14 of 17**
_**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Notes forming part of the financial statements for the year ended 31 December 2025 – continued**
## **10. Investments**
|**10. Investments**|||
|---|---|---|
|**Value at 1 January**
Purchases / (Disposals)
Unrealised gain / (loss)
**Value at 31 December**
**Investments at Cost**|**2025**
**General**
**Fund**
**£**
**Ure Bequest**
**Endowment**
**£**
**Total**
**£**
57,463
47,808
105,271
-
-
-
2,320
3,245
5,565|**2024**|
|||**General**
**Fund**
**£**
**Ure Bequest**
**Endowment**
**£**
**Total**
**£**|
|||55,982
44,483
100,465|
|||-
-
-|
|||1,481
3,325
4,806|
||**59,783**
**51,053**
**110,836**|**57,463**
**47,808**
**105,271**|
||**59,153**
**37,324**
**96,477**||
|||**59,153**
**37,324**
**96,477**|
All Investments are in the funds of the Church of Scotland Investors Trust. The original cost of these investments and the market value at 31 December 2025 are as follows:-
|**Description**
**Number of**
**Units**
**General Fund Holdings**
Church of Scotland Investors Trust Growth Fund
1,953
Church of Scotland Investors Trust Income Fund
4,069
**Ure Bequest Holdings**
Church of Scotland Investors Trust Growth Fund
5,876
Church of Scotland Investors Trust Income Fund
933|**Cost**
**Price**
**at 31/12/25**
**£**
**£**
9,999
6.88
49,154
11.39
**59,153**
26,053
6.88
11,271
11.39
**37,324**|**Value**
**at 31/12/25**
**£**
13,437
46,346|
|---|---|---|
|||**59,783**|
|||40,426
10,627|
|||**51,053**|
|**11. Debtors & prepayments**
HMRC tax reclaim
Hall rents|**2025**
**£**
**2024**
**£**
245
140
2,264
832|
|---|---|
||**2,509**
**972**|
## **12. Cash at Bank**
|**12. Cash at Bank**|||
|---|---|---|
|Current Account
32 Day Notice Account|**General Fund**
**Ure Bequest**
38,198
4,530
32,017
-|**Total**
42,728
32,017|
||**70,215**
**4,530**|**74,745**|
The Ure Bequest cash is unspent income.
**Page 15 of 17**
## _**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Notes forming part of the financial statements for the year ended 31 December 2025 – continued**
|**13. Creditors & accruals**
Accruals
Independent Examination fee|**2025**
**2024**
**£**
**£**
1,182
1,339
1,584
1,422|
|---|---|
||**2,766**
**2,761**|
## **14 Analysis of net assets among funds**
|Fixed assets
Investments
Current assets
Current liabilities
**Net assets at 31 December 2025**|**General**
**Designated**
**Endowment**
**Total**
**£**
**£**
**£**
**£**
-
1,084,600
-
1,084,600
59,783
-
51,053
110,836
72,724
-
4,530
77,254
(2,766)
-
-
(2,766)|
|---|---|
||**129,741**
**1,084,600**
**55,583**
**1,269,924**|
|||
|**Prior Year**||
|Fixed assets|-
1,085,700
-
1,085,700|
|Investments|57,463
-
47,808
105,271|
|Current assets|55,914
-
3,337
59,251|
|Current liabilities|(2,761)
-
-
(2,761)|
|**Net assets at 31 December 2024**|**110,616**
**1,085,700**
**51,145**
**1,247,461**|
## **Purposes of designated unrestricted funds**
**Manse Fund:** This fund represents the market value of the Manse. **General Fund:** This represents accumulated surpluses.
## **Purposes of endowment fund**
**Ure Bequest:** The Jane Stewart Ure Memorial Fund was established according to the instructions contained in the will of William Archibald Ure who died in 1974. _‘The income of the said fund to be applied as to one tenth thereof … for providing flowers for the sanctuary … and the balance of the income to be applied to help the poor and needy members of the congregation.’_ In order to simplify reporting and administration, the trustees of the congregation signed a deed of assumption on 5 March 2015 adopting the Jane Stewart Ure Memorial Fund into congregational funds. The instructions contained in the will of William Archibald Ure continue to be observed.
The transfer to the General Fund of £135 was 10% of the Ure Bequest’s 2025 income. It was made to reimburse the General Fund for flowers bought during the year.
The fund is held under the control of the Kirk Session to maintain governance and transparency at acceptable levels.
**Page 16 of 17**
_**St. Catherine’s Argyle Parish Church of Scotland, Edinburgh**_
## **Notes forming part of the financial statements for the year ended 31 December 2025 – continued**
## **15. Movement in Funds**
|**Unrestricted funds**
Designated Manse Fund
General Fund
**Total**
**Endowment fund**
Ure Bequest
**Total**
**Total funds**|**At**
**1 January**
**2025**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Investment**
**Gains /**
**(Diminution)**
**Transfer**
**between**
**Funds**
**At**
**31 December**
**2025**
**£**
**£**
**£**
**£**
**£**
**£**
1,085,700
-
(1,100)
-
-
1,084,600
110,616
97,108
(80,438)
2,320
135
129,741|
|---|---|
||**1,196,316**
**97,108**
**(81,538)**
**2,320**
**135**
**1,214,341**|
||51,145
1,354
(26)
3,245
(135)
55,583|
||**51,145**
**1,354**
**(26)**
**3,245**
**(135)**
**55,583**|
|||
||**1,247,461**
**98,462**
**(81,564)**
**5,565**
**-**
**1,269,924**|
|||
|**15 continued**|**Prior Year Movement in Funds**|
|||
||**At**
**1 January**
**2024**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Investment**
**Gains /**
**(Diminution)**
**Transfer**
**between**
**Funds**
**At**
**31 December**
**2024**|
||**£**
**£**
**£**
**£**
**£**
**£**|
|**Unrestricted funds**||
|Designated Manse Fund|1,086,800
-
(1,100)
-
-
1,085,700|
|General Fund|105,525
81,261
(77,786)
1,481
135
110,616|
|**Total**|**1,192,325**
**81,261**
**(78,886)**
**1,481**
**135**
**1,196,316**|
|||
|**Endowment fund**||
|Ure Bequest|46,602
1,353
-
3,325
(135)
51,145|
|**Total**|**46,602**
**1,353**
**-**
**3,325**
**(135)**
**51,145**|
|||
|**Total funds**|**1,238,927**
**82,614**
**(78,886)**
**4,806**
**-**
**1,247,461**|
**Page 17 of 17**