Charity règistratitin nurnr SC009470 Iseotlandl DAVIDSON'S MAINS PARISH CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 , ALEXANDER SLOAN TC Group BusinessAdvisors & Accountants 1 Lochrin Square 92-98 Fountainbridge Edinburgh EH3 90A
DAVIDSON'S MAINS PARISH CHURCH LEGAL AND ADMINISTRATIVE INFORMATION The Trustees of the COnggatIon are: Elected member5 serve as Trustees lor Six year terns. (Jher Trustees serve for urKlefined tenns. Elected Members (Expected retirement date.. g May 2031, h hAay 2027, j May 20291 Steven Carvel unitil 8 June 2025 Phil Coad uniu 8 June 2025 Caroline Dicks h Andy Howl8tt1 Susan McNary j Oerek Peach h John Watson until 8 June 2025 Sandy West j Joan MacDonahJ g since 8 June 2025 Raymy Boyle g since 8 June 2025 Vanda Noble g since 8 June 2025 other TruBt Anne Allan- Minis¢ryArea Leader- Pastoral Care Joy Att&rbury- Mintstry Af•a Leader-Administralion land Joint Session Clerk) Stephen Ashforth (Church Treasurer and a150 Ministy Area Leader Stewardshipl Martyn Sunler- Ministy Area Leader- Youth until 12 March 2025 Claire Sunler- Ministy ArÈ8 Lèader- Youth since 12 March 2025 Rev Oaniel Roberison- Moderalor Addr•$$ 1 ¢]uality Strèèt Oavidson's Mains Edinburgh EH4 5BB Correspondlng members of th• Klrk Sesslon are not TN$tees but Se In other capacbtles for an undefined terwn: Jolnt Sesslon Clerk Phil Coad harlty number IS¢otlandl scrA)9470 Congrègation Rèfèr•ne• Numbèr 010029 Ind4p8nd8nt •xamlnèr David Jeffcoat. F.C.C. TC Group BusinessAdvisors and Accountsnts 1 Lwhrin Square Edinburgh EH3 9QA Bankers Royal Bank of Scolland 239 Sl John's Road Edinburgh EH12 7XA
DAVIDSON'S MAINS PARISH CHURCH CONTENTS Pagg Trustees. report Independent exarnine¢s report statement of financial activities 88lance sheet Notes io the financial statements 10-23
DAVIDSON'S MAINS PARISH CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual port and financial statements for the year ended 31 Dember 2025. The financial statements have been prepared in 1rdance wth the aco)unb'ng polic set OLrt in note 1 to the financial statements and cornply with the charity's goveming document. the Charitses and Trustee Inveslment Iscotlandl Act 2005. the Charities Accounts Iscodandl Regulab'ons 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Ihe Charitses SORP "Accounting and Reporting by Charities.. Statemen¢ of Recomrnended Pradice applicable lo ¢hariti85 preparing their accounts in 8ccordance with the Financial Reporting Standard applic3bl8 in the UK and Republic of Ireland IFRS 1021". Obl•etlv•s and aetlvltlès Charltabl8 obl•ctlv88 The Church ol Scotland is Trinilarian in d¢xtrine, Reforn)8d in tradrtion and Presbyterian in polity. It exists to glorify God and to work lor the advancement ol Christ's Kingdom throughout the worfd. 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. 11 cwpefates wth other Churches in various ecumenical bodies in Scotland and beyond. Pgrsonnol OLJf staff team compriséd the ministèr, assislant minister, h¥ad of 08sis, eommunity WO•r, café managèr, tsffice manager, church officèr, kilchan assistant and organist. Across all aspects ol our church lifè, volunt6ers aY an •ss8nlial part and th8 Kirk Sèssion is v8ry gratalul both to oui &mploy•&s and all thè many dèdicatad voluntaars for their contribution lo the work ol Christs kingdc Achl•v•m•nts and p•rfornianc• Worship services Our regular worship sèrvicès takè placè èvèry Sunday at 10.308m and iftdudè 8etivitiès for childrèn and young P8ople. During tha yaar wo undèrtook datailed sèmon sariès ¢onsid•ring, quèstions that Jasus askèd, iha Life of David and the book ol Colossians. Our Sunday grcwJps lor young people cov•r8d a vanèty of topics induding Tha themes at Explorers for 2025 were. The Life ol Jesus and Parables. God s Love Is big, great, fab. strong, forgiving, never-ending. everywhere. King ol Kings- Miracles of Jesus ISU Scouandl, God's Power wthin People- Acts. At Baseline we covered sessions on Prayer. Stewardship, How God Sees Us and the Lrfe of David. In October we held our first 'Singalong Sunday, when we were Joined in worship by many of the families who come along lo Sycarnore Singalong on Tuesday rnomings. A similar evenl was held just before Christmas and more are planned for 2026. Our rnorning service is livestre8med on YouTube e8ch week with 8round 110 views per week. Onc? a month on 8 Sunday evening we h(Ad 8 Praise and Pr8yer 8vening in th8 ¢8fè space which offers the opportunity for inform81 worship, prayar and sharing. The Wednesday lunchtime service with free minibus provision an(J Ihe opportunty for lunch together afterwards has becom8 an increasingly irnport8nt part of th8 we8k. It Is very much appr8ciat8d not only by those who come but also by many of th81r families. The Service is led by 50m8one drfferent each week, induding memb8rs of the preaching team but also drawing on the gifts and skills of olhers (tom the congregab.on and beyond. This year wè have enjoyed as series on the Prayers of Churd) Mothers and Fathers. Throughout the year new people of a range ol ages have conlinued io join us on both Wednesdays and Sundays. Mission partners and chanties.. We conts'nue to support Ictal. national and worfdwide mission through our Mission Partners (Ferrywell Youth Project, Scripture Union Es-leam, 2 children sponsored through Compassion, OMF linking wth a family in Asia, Intervarsity through Nigel Pollockl. giving them financial and prayer support. W8 have a collection point in the Sycamore Tre8 Café for Ftx)dbank+ 8nd Fresh Start. and teams who deliv8r donations regularty. We also have a team who serve on the Care Van. In June our organist organised two summer concerts to raise money for Tearfund and the Scottish Bible Soaety.
DAVIDSON'S MAINS PARISH CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Sycamore Tree Café The Sycamore Tree Calé has continued to thrive during this year and is an integral part of our mission and outreach. It provides a welcome rnee.ng place for people of all ages from our fellowship and the wider cornrnunity. and we are very grateful lo the many volunteers who enable Ihis io happen. In November we held an Arts and Crafts coffee moming with the preedS being split equally between ouryouth Project and FoLxlbank + As W8118s building relationship5 With regular custoffler5 during the week, we also use the cafè for targeted ev8nt5. Sycamore Singalong for 0-5s with their carers has really taken off this year and the tearn are able to chat with the parents and carèrs while providing fun. songs and Bible story for the little onès. Sycamorè Sconès, our regular afternoon tea with entertainment. continues lo be well received and lo attract a mix of church and b%ider community regulars. Oasis Wellbeing Centre oasis offers much needed silPPOrt to our community and beyond Ihrough its counselling service. A team of volunteer counsellors is led by Gail Rose. and we provide placement opportunities for trainee counsellors. During 2025 Oasis had 12 coun5ellor5 and offereil around 35 hours ol counsellin9 per week. We work with rgcornm8nded don3b.on 5¢ale and don't turn away people who can't pay. It's Possible to donate diredy to support the work ol Oasis and somo ol our ¢)gregat)n do thi$. Gail Rose, head of Oasis, also ran a mnthty aft6moon of Mindlul Art which was open to everyone. During the year. Oasis benefited from a £S.0(K) grant Irom the Edinburgh and West Lothian Presbyterls Dean Mission Fund. It also received a grant of £5.000 Irom the P's and G s Micah Fund on 23rd December which will be used to help fund ils work in the first hall of 2026. Dis¢ipleship Our sm811 groups have continued lo meet to grow, offering Blue Study, prayer and fellowship. During the year Wg hèld an Alpha coursè, a daytim• Alpha and, for lh¢ fi1 lim¢, a Youlh Alpha. Wa also ran, lor the first tima, tha L8Ctio Coursa l - (How to Hèar God by Praying tha Biblal and w8 ran tha 24n Prayèr course. Cat Rawlinson-watkins remained with us as Assistant Minister until 31 December 2025 when her contract with the Church ol Scotland came to an end, Cat remains wilh us a Ministry Assistant Wor.ng three days a wed( on a two year fixed tem contract Schools and Youth Our community worker is in the Royal High SchcM)l iwce a week. in ihe Hub chatting with young people and al the SU Group. The SU Group is led by a combination ol our cjynmunity worker and minister. a teacher and wme senior pupils who have worked through Su's leadership IrainirKJ. Davidson's Mains Primary SclK)ol c8mé to Ihè churth for thèir Eastér 8nd Christm89 assèmbliès, wth many parènts 8nd rarers 81so attending. Members ol our congregation lead SU Groups in various local schcds. We were able to run a Sumrner Program wlh Ihe help and leading of Rachel Sunter. We We able to employ her as a summer worker because of a Summer Worker Scheme granl from Edinburgh and Wesl Lothian Presbytery thich was supplemented by a grant CeNed from Ihe North Merchiston Fund. A range of activities was offered for primary and sewndary aged childn. We also enjoyed a lamily evening ar barbeque with nearfy 70 children parents and te8m. Friday Night Live and tho Toaskne Bar conb.nue to flouvish. The Toath"e Bar has been running for four years, offèring a sale Pla lor S1-6s to come and an opportunity to build relationships. Between 100 young people come each Friday lunchtime, averaging SI0. Friday Night Live which launched in September 2023 is a monthly event for P7- S6, to which Toastie Bar attendws and other young people can be invited, and which includes the oprortunity for them to chse to hear about Jesus. Betyen 30 young people attend and 20+ regulady opt in to the 'God slot,.
DAVIDSON'S MAINS PARISH CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Because of the growth and development of the Toastie Bar and Friday Night Live and engagement with young people, we applied lor and received significant funding from the Church of Scouand Seeds lor Growth Fund. Members of the congregation have also resrM)nded generously to fund this new initiative. We are very grateful to God and those who have given. We also received a grant from Edinburgh Council's Community Grants Fund for this new Youth Project. other community 8ng8g8ment We ran our Easter Holiday Club ov8r lour momings this y8ar. A larg8 team of volunteers weleomed thildran for singing, garnas, Bibl6 sttsries and crafts. We sent Easter cards and Christmas cards along with a copy of John's Gospel to every home in the parish. The giving of John's Gospel was part ol the Everyone in Edinburgh project. Where we teamed up with 24 other churches from different denominations with the aim to give every household in Edinburgh a Gospel. To date '/4 of household in Edinburgh have received a Gospel. We had 8 stsll at the Gala 8nd sh8red the Christmas message on stage al the Christmas lights event. Other good opportunities lo engage with our wmmunity induded Easier egg rolling in the park after the Easter Sunday service. carol Singing in the Olde Inn iciJether wilh Hdy Cross EpI5PaI Churth and Follow the Star on Christmas Eve. Paslorgl c8ro and church f$llowshlp Small groups are central to our pastoral care, as m&mb6rs support and pray for one another. The McdaY Club continues to thrive. attracting members from the church and ¥der community, and providing pastoral care for its members. The café remains an important hub for some pastoral care, and phone calls and vists contsnue with the pastoral Care team matching up people to keep in touch wilh those who 8re no longer able to gel out 8nd about. The flower ministry on a Sunday 15 8nolher important expression of our care for Ihose in need. All thos• who hav8 lost Iov8d onés in thè lasl fèw 818 invit•d to our annual Baraavam•nt Sarvic• in Novambar which is very much appreciated. Prayer The prayer ministry ¢eam conknnues to offer prayer on Sunday mornings after the service. The weekly Tuesday prayer meeting and monthly Salurday prayer breakfas¢ conbnue online. and the prayer text line and prayer update are important tools in helping us 10 5UPPOrt one another in prayer. This year we shared a weekly rhythm of prayer resourc&. Joining oth8r Christians Our minister contjnues to participate in line pastors. prayer gatherings and in regular rneetsngs th our cluster clergy. In May we hdd a very successful outd( Penlecost Servi al Silverknowes prornenade, involving fourteen different local congregations. This is now a Wele$lablIshe(I event. This Easter we joined with Blackhall St. Cdurnba's, Edinburyh North Kirk and Drylaw Church for a sunrise service and breakfast. W8 continue to mak* our prèmisès availablè to support wider ministy this yèar this has induded Th6 Roma FoLJntain Church meeting in our South Hall every Sunday aftem(x)n, Care for thè Famify, Fischy Music rehearsals and providing a locats.on for other congregations, away days or FKayer retreats. L6£dership On 8th June Raymy Boyle was ordained as an elder and he. along wth Joan MacDonak1 and Vanda Noble, were admitted lo the Kirt¢ Session. Our property team under the leadership of Mison Howleit ntinUeS to care for our buildings and oundS, and we are very grateful to all those who offer their time and skills in this way.
DAVIDSON'S MAINS PARISH CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal revlew Results for the year Per the Sialernent of Financial Activitiès. thé ehurth rÈtthÈd Nèt In(16 li.è. a surplus) ft>r the yéar of £31.939131 December 2024 - Defiat £18,539). At 31 December 2025, the churd) had total fijnds (>f £692,630 12024 £660,6911. ReseNes Pollcy It is the Trustees, policy to hd reserves ol appfoximately ihree nw)nihs expenditure including designated funds. At the year end the Church held unrestricted (general and designated) funds of £649.729 of which £480,822 was represented by fixed assets and not expendable ftjnds. leaving £169.107 in free reserves. Fre8 re58rves of £167,234 r8pres8nts approximat81y Six months worth ol 8nnu818XP8ndilurg. 01 th858 fr8e resgN9 £33.920 has been sel aside to be used lowards lulure employTh8nl $ts ol 8 part b.me ministy assist8nt. The Church also held £42,774 of r&strict•d lunds which have beèn wovided for the purwsès specified in Not• 21. Structuré, gov•manc• and m•nao•m•nt Status of charfty and 90mIng docum•nt The congregation is a registered Scottish Charity. number Sc(jg470, and is presentty administered in accordance with the terms of the Oeed ol Conststutson Iunilary Constitution). Appoln¢ment of Trusteos The member5 of Ihe Kirk Session are the ¢haiiW$ tru$lees and include the minister, nine elected rnember$. the Pr&$bytery Elder and the Ministry Area Leaders who have been ordained as eldefs. Electod members s8Ne as trustees lor six-y$ar torms and othor trusiegs serv lor und¢fingd temis. The Kirk Session may also appoint corresF¥)nding members who are not trustees who exercise a specific role in the congregation. The minister is elec¢ed by the Congrega1 and inducted by Presbylery. 1 other members ol the Kirk Session are chosen from those members of Ihe ww¥JregatioD w+ are ojnsidered to have the appropriate competence, chemistry, tharacler and calling. Organlsatlonal structurè The Klrk Sesslon is responsible for all aspects ol the church. Al temFKYal matters such as Fabric, Finance and tho Church Office are dealt th through th& Administratwjn Team or The Stewardship and Finance Team who. as needs arise, refer matters to the Kirk Session for approval. Rlsk manag•ment The Kirk Session includes a Minislry Aa Leader for Stewardship and Finan who provides regular financial updates. A slewardship updaie is a slarbding item on the Kirk Session agenda. The Kirk Session is corBcious of the inflats'onary pressures on th8 churth's costs arbd the ne8d for giving to continue to be r8vi8w8d. The 2025 budget include5 adequate provision for capital expendrture on the fabric of our buildings to allow us to mantain our properties to the standards expected by OUTselves and those who visit our premises. The willing parbcipation of Its members in these aa$ of its work is appreciated by the Kit Sess¥Jn but is also an aa under regular review. The Trustees have assessed the major risks to which ihe charity is exposed, and are satisfied ihat systems are in place io mitigate exposure to the major risks. Independent examiner The Trustees recommend that David Jeffcoat, F.C.C.A, a pather in TC Group, Business Advisors and Accountants. remains in Offi as independent examiner until further notice.
DAVIDSON'S MAINS PARISH CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Tho roport was approved by the Board of Trustges. Stephen Ashlorth TruBtee 11 Marth 2026
DAVIDSON'S MAINS PARISH CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAVIDSON'S MAINS PARISH CHURCH I rert on the fin8nci81 stat8rnents of the tharity for the year ended 31 Dec8mb8r 2025. which 8fe S8t out on pages 7t023. Respectlve responslbllltles of Trustees and examlner The ¢hariWs Trustees are responsible for the preparation of the finan¢i81 ststements in accordance wlh the lemis of the Charities and Truste8 Investment Iscouandl Act 2005 ar the Charit185 Accounts IScotl8ndl Regulab'ons 2006. Th8 charity TnJste85 conser that lh8 audit requirement ol R8gu18b"on 1011llaHcl of thg Ch8ritl85 Accounts Iscotlandl Regulatitsns 2006 does not apply. It is my responsibility to examine the financial statements as wuired undef SeCtn 4411 Ilcl of the Charities and Trustee Investment Iscotlandl Act 2005 and to slate whether particular matters have come to rny attention. Basls of ind•pendont examinerfs 8tstem•nt My examin8ts.on is ¢8rried out in a¢cordanc& with Regula 11 of the Charititrs Accounts IS¢otlandl Regulab'ons 2008. An èxaminatitsn includes a réview ol thè accountsng rècords kept by th8 charity and 8 comparis(A) ol th financial statements presented with those records. It also includes consideratson ol any unusual items or disclosu$ in the financial statements, and seeking explanalions from the Iruslees conceming any such matters. The procedures undertaken do not provide all the ewdence that would be required in an audit and consequently I do not express an audit opinion on the view given by Ihe financial slatements. Ind•pendont examlner'ty slat?m•nt In tha couw ol my examination, no mattér has comè lo my amanilon 1. which gives me reasonable cause lo believe that in any material respect the requirements.. to keep accounting records in accordance wilh Section 4411 Mal of the Charities and Truste8 Investrnent Iscotlandl Acl 2005 and Regulation 4 of Ihe CharitiesAccA)unts Iscouandl Regulalions 20(. and to prepare financial statements which accord wlh Ihe acu0.ng COldS and comply with Regulation 8 of the Charities Accounts (Scollandl Regulalions 20C ha not begn met, or 2. to whlch, in my opinlon, attentlon shc¥Jld b8 dfawn In order to enable a proper understandln9 of the financlal statements to b8 r&ach8d. Davld J•ffcoat, F.C.C.A. TC Group Bu5ines5 Advisors & Ac¢x>unlants 1 Lochrin Square 92-98 Founlainbridge Edinburgh EH3 9QA 121312026 Dale.. ............................
DAVIDSON'S MAINS PARISH CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Curr•nt financlal y•ar Unr•strlct•d Unr•strlet•d fvnd$ funds gènèral d•slgnat•d 2025 2025 Rèstrlct•d fvndty Total Total 2025 2025 2024 Not•$ Income from: Donations and lega¢ios Charitable acts'vits'es Other trading ath'vities Investrnents 244.222 38.256 17.126 7,179 86,053 22.865 330,275 61.121 17,126 7,224 281,722 53.029 17,085 8.798 45 Totsl Sncom• 306.783 108.963 415,746 360.634 Expendltur• on: Charitable aCdvIes 300.459 9,185 74.163 383,807 380.214 Total 0xndItUrn 300.459 9.185 74,163 383,807 380,214 Nel g8inslllos8esl on investments 15 1,041 Net Incom•ll•xpendlturel 6,324 19.1851 34,800 31,939 118,5391 Transfers between funds 110.fyJO} 10,0 Net movement In funds 13 13.6761 815 34,800 31,939 118,5391 Recon¢lllatlon of fund¥= Fund balances at 1 January 2025 144,612 508.105 7.974 660,691 679,230 Fund balances at 31 December 2025 140.936 508,920 42.774 692,630 660.691 The statement ol financial activitiès incfud&s all gains and h)sses recognised in the year. AJI irtom8 and exp8ndKur8 derive from continuing activities. The notes on pages 10 10 23 lomi part of ihv6e financjal statemenis.
DAVIDSON'S MAINS PARISH CHURCH STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Prlor flnanclal yèar Unr•strlet•d Unrèstrlct•d fvnds fvnd$ g•n•ral dèslgnat8d 2024 2024 R•strletèd funds Total 2024 2024 Not•s Income from: Donations and lega¢ios Charitable acts'vits'es Other trading ath'wties Investrnents 240,761 38.200 17,085 8.738 40,961 14.829 281,722 53.029 17,085 8.798 60 Totsl Sncom• 304.784 55,850 360.634 Expendltur• on: Charitable aCdvIes 272,828 55.725 51,663 380.214 Total 0xndItUrn 272.826 55,725 51,663 380,214 Nel gain3111058esl on inve8trnents 15 1,041 1,041 Net Incom•llexp•ndltur•l 32.999 155.7251 4,187 118.5391 Transfers between funds 24,275 124.2751 Not movement In funds 13 57.274 180.Tr)01 4,187 118,5391 Reconrlllatlon of funds= Fund balances at 1 January 2024 87.338 588,105 3.787 679,230 Fund balances at 31 December 2024 144.612 508.105 7,974 660,691
DAVIDSON'S MAINS PARISH CHURCH BALANCE SHEET AS AT31 DECEMBER 2025 2025 2024 Notes Flxod ass•ts Tangible assets 16 480.822 483,113 Current a$ts Debtors Cash al bank and in hand 17 15.405 217,866 14,380 175,882 233,271 190,262 Cre(Iltor8: amounts falllng du• wlthln one year 18 121.4631 112,6841 N•t curr•nt a88•ts 211.808 177.578 Total a880ts leos curr•nt1Sablllll•$ 692.630 660.691 Th• lund8 olth• charlty Rgslricled income funds Unrestricted funds- general Unreslricted funds- designaled 21 23 22 42,774 140.936 508.920 7,974 144.612 508.105 692.630 660,691 The notes on pages 10 to 23 form part of Ihese financAal ststemenis. The financial staternents were approved by the Twustee3 on 11 March 2026 *L Joy ATry Trustee Stephen A$hforth Trustee
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policie5 Charlty Infomlatlon Th8 congregation is a registered Scotb'sh charity, number SC009470, and is presenuy administered in accordance with the terms ol the Deed of Constitulion Iunitsry Constitub"onl. 1.1 Accountlng conventlon The financial statements have been prepared in 7Lcordance Ihe charitys Deed of Constitution. the Charities and Trustee Investment Iscotlandl Ac¢ 2005. the Charities Accounts (Scotlandl Regulations 2006 las amended) and 'AOuntIng and Reporb'ng by Charities.. Ststement of Recomrnended Practice applicable to ch8riti8s preparing their aowunts in accordance wilh the Finanryal Retffiing Stsndard applicable in the UK and R8puNic ol Ire18r IFRS 1021.185 8rnend8d lor accounling periods (xjmmgncing from 1 J8ntJ8ry 20191. The charity is a Public Benefit Enljty as defird by FRS 102. The charity has taken advantage of the provisions in SORP for chanS applying FRS 102 Upda Bulletin 1 not to prepare a Slalemènt of Cash Flows. The finanaal statements are prepared in sierliThJ. vthich is the fUnClnal cuffency ol the charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financial statement5 have been prepared under th8 hislorical o)sl CnventiOn. The prinrApal accounting pdicie5 adopted are set out below. 1.2 Golng con¢grn Al the time ol approving the financial slatements. the Trustees have a reasonable 8xpectation that the charity has adequate $OUrceS lo continue in operational exislence for the I0Seeable future. The Trustees consider thal Ihere are no material uncertainbes about Ihe charitys ability lo continue as a going ¢on¢em and the fin8n¢ial siatements have been prepared on a wng ¢on¢om basis. 1.3 Charltable funds Unrestricted lunds are 8vailabl& lor uso 8t lh& dis¢reiify) of Ihe Truslo8$ in lurther8n¢e of their Charitable objèctivès. Designated funds comprise fvJrKls which have been set aside at the discretion of the Trustees for 5Fecific purpose5. The purposes and uses ol the designaled fvnds are set out in the notes to the financial stalernents. Restricted funds are subject (o specific conditions by dor w graniors as to how they rnay be used. The purposes and uses ol the restricled funds are sel oul in Ihe noles to the financial sla¢ements. 1.4 Ineom• Incorne is recognised when Ihe Charity is legally entitled ¢0 il after any perfomiance conditions have been met, the amounis can be measu reliabty. and it is probable thal income will be received. Donatlons and legacles Donations are recognised when the tharity has edence of entiuement to the gift, receipt is proljgble and its amount can be measur8d reli8bly. Entiuernent Usually arises immediately upon receipt, however, in th8 event that a donation Is Subject to condition5 that require a level of performance before the charity is entiued to the fund5, the incotne is deferred and not rectyJnised until either those condition5 are fully rnet, or the fuifilment of those condits.ons is wholly wthin the control of the charrty and rt is probable that those conditions will be fulfilled in the reporting period 10-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles {Contlnuedl Legacy gifts must be re¢rniSed when it 15 probable thal it wll be received. This is normally following the granting of ¢onfirrnation, when the administralorlexecutor of the estate has Ix)mmunicated in writing both the 8mount and settlem8nt date and any cOndiOnS attath8d to Ihe 18gacy ar8 either writhin the control ol th8 charity or have been mel. In the event that the gift Is In the form of an asset other than cash or a financial asset traded orn a récognis8d slock exchange, rewnition is subjèct to the value ol the gift being ieliably measurable with a degree ol reasonable acoJracy and the ts.tle to the asset having been transferred lo the charily. Grants rteelvablo Income from government and other grants. whether'capital, or 'revenue' in nature, are reeognised when thè charity has unconditional entitlement lo the lunds. il is probable that the income will be reived, the amount can be measured reliably. Uncondilional enlitlemenl wll bè achieved once any performance or other conditions attached lo the grants have been mel, Of lulfilment of those conditions is wholly within the control of the charity. Where performance conditions are atlached to the grant and are yet to be rnet. the income is recognised as a liability and included on the balance Sheet as deferred income ¢0 be released. Income from Charltabl• AcllvStl•8 Incorne from ch8rilable aclivitse5 includes income eame(I both from the Supply of goods and services under contractual arrangements and Irom performance-relaled grants which have o)ndibons that specify the provision of particular good5 and services lo be provided by Ihe charity. Income from charitable activities IS rocognised as earned18S the related goods or servi¢es are tYOVKledl. Othèr tradlng actl¥ltl•s Income from other trading activities includes income eamed Irom b)th trading activities lo raise funds for the charity and income from fundraising events and is recognised when the charity has entitlement to the funds, it is probable that these will be received and the aThhwnts can be measured reliably. Investment Incom? Intérèst on funds héld on dèposit is indudèd whèn r6cèiv8blé 8nd Ihè 8m<MAnt eAn ba mèasurèd rèliably by thè charity., this Is nomially upon notsficab.on of th8 intèrast paid of Payab by th8 bank. Glft Ald Income tax recov8rabl8 on Grft Aid don8tlOn5 is rec<yJnised when the respectiv8 donation h85 been rgcogni$ed and thè r&verable amount of income tsx can be mgasured liably,. this Is normally wh8n the donor has completed the relevant Gift Aid declaration fom. Income tax r$cov8rable on Gift Aid donations is allocated to th8 sama fund as thè r8sp8ctsv8 donab.on unlass spactfied by tha donor. 1.5 Expenditure Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing the charity to thal expenditure. it is probable that seltlemenl will be required and the amount ol the obligation can be measured or estimated reliably. Liabiliti85 are me8sur8d on recognition * histt)rical wst arbd then subsequently rn98sured at th8 best 8Stimate of th8 arnount required to setue the obligation at the reporting date. Th8 exception is that certain financial instruments must be adjusted to their present value," these indude finanaal liabilities where settletnent is deferred for more than 12 [rnthS after the retM)rting date. All expenditu is accounted for on an accruals basis. Al expenses induding support o)sts and governance costs are allocated or apFM)rtioned to the applrable expendiiure headings. 11
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles {Contlnuedl Expenditure on Charitable Activtties Expenditure on tharit8ble acts"vth"es indud8s all (x)sts inaJrTed by lh8 charity in und8rt8king 8Ctiviti8s that further it5 charitable aims for the benefrt of its beneficiaries, including those support costs and costs relating to thè governance ol Ihe charity apportioned io d)aritable aCtsvitiÈs. The costs Of charitable activib.es presented in the Statement ol Financial Aclivities includes the costs of both d1cl seNce provision and the payments of grant awards if applicable. Grant *xpèndltur¥ Grants payable are ma¢Je to third parties in the lurth&rance of the charitable objects. The award ol a grant is recognised as a liability only when the criteria for a constructive obligatn are met. payment is probablè, il can be measured reliably and there are no conditions attaching lo its payment that limit recognition. In the case of an uncThiditional grant offer. this is ared once th8 recipient has been notified of the grant award. The notification gives the CIpient a reasonable expectstion that they will receive the one-year or multi-year granl. Grant awards Ihat are subpct lo the reripi8nl fulfilling perforrnance conditions are only accrued when the recipient ha5 been rK)tified of Ihe grant arKJ any remaining unfulfilled condition attaching lo that grant is outside ol th& ¢onlrol ol th$ ¢haiity. 1.6 Tanglble fSxed asse¢• The charity has thè right to OCCIJPY and tsse lor Its chBrit8blè obi8ds certain tangiblè fixed assèts, Including th Church and halls, the tiU8S to which are v&st8d in Trustees lor tha congr•gab"on subject to the ragulalion and direction of the General Assembly of the Church of ScollaThJ as regards the management and disposal of the properties proceeds. Expenditu incurred on the repair and maintenance ol these assets is charged as resources expended in the Statement of Financial Acti¥'eS in the period in which the liability arises. The Manse is owned by Davidson's Mains Parish Church and is induded in Ihe financial statements al estimated market value. Fixèd assèts lexcluding church buildings) 318 statad at cost lèss accumulal¢d dèpraa8tion. costs ol minor additions or thoso $tsn9 btrlow £1.000 a not ¢awtalisgd. Depreciation is cOgnised so as lo write off the o)st or valuation of assets less their residual values over their useful live5 on the fcllowing bases.. Freehold land and buildings No depwalion is charged on the Manse as (he residual value is not considered to be materially different to the carrying value and any depreciable value is considered immaieri81. 4-15 years 5 years Fixtures, rrttings and equipment Building improvernents The gain or loss arising on the disposal of an assel is detemiined as the differen beeen the sale proceeds and the cary¢ng value of the assel. and is recyonised in the slatement of financAal activities. 1.7 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits h81d 8t call wth banks. other short-terrn liquid investment5 Imth original mattjnties of three months or le55. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilit$. 12-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles {Contlnuedl 1.8 Financial instruments The charity has elected to apply Ihe provIsn$ of Section 11 'Basic Financial Instruments, and Sects'on 12 'Other Financial Instruments Issues, of FRS 102 lo all ol its finanaal instruments. Financial instruments are recognised in the chariVs balan sheet when the charity becornes party to the contractual provisions ol the instrumenl. Financial assets and liabilitjgs are oltsel, with th8 net amounts presenled in the fin8ncial 5tsternents, when there is a legally 8nforceatA8 nght to set off the recogni5ed am(xJnts and thér8 IS 8n intèntion to s8tt18 on a n61 basis or lo realise the asset and selue the liability simultaneousty. Baslc flnanclal assets Basic financial assets. which indude debtors and cash and bank b81ances, are initially rneasured at transaction price including transacrn costs and a subseqvenuy rrIed at amortised cost using the effective interest rnethod unless the arrangement cstItuteS 8 finanring transaction, where the transaction is m&a5LJred at the pr8senl value of thè future réceipts dlsctsunl at a markèt rat¥ ol inttrt. Fin8nual assèt$ cla$silie<l a$ re¢sivablè within ong y$ar are not am¢yti$e(l. Basle Ilnancl41 Ilabllltles Basic financi81 li8bililies. indvding creditors and bank loan$ 8re inilially re¢ogni$ed at transaction price unless the arrangement consts'lules a financing Iransaclion. where the debt in51rurnenl is measured al the present value of the future payments discounle(l al a markel rate of interes¢. Financial liabilities dassified as payable within on8 y88r are not amortisgd. D•bt Instrum•nts ar8 subsequently carr18d at amorbs8d cost, using the 8ff8ctiva int•r8st ratè mothod. Trade creditors are oblationS to pay for gwds or seryices that have been avired in the ordinY course of operations from suppliers. Amounts payable are classified as currenl liabilities if p8yment is due wthin one year or less. 11 no¢, they are presenled as non-curren¢ liabilitse5. Trade credilors are recognised initially at Ir8n$action price and subsequently measured al arno.$e cost using the effective interest method. Dwe¢¢gnltloft of Iln•n¢l&l Il•bllllh$ Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or canCeld. 1.9 Taxatlon Davidson's Mains Parish Church is recognised as a charity lor the purposes of applicabl& taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended ihefelofe indude irrecoverable inpul VAT. 1.10 Retlrement benefl¢s Payments to dèfined contnbution mtirement bènefit schemès are charged as an èxpense as thèy fall due. 13-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Critical accounting 85timates and judgements In the application ol the charity's accountiThJ polioes, the Trustees are required to make judgements, estimates and assumptions about the carrying anKxJnt of assets and liabilities that are not readily apparent from other sources. The estimates and associaled assumpbons are based on historical experience and other factors that are conshlered lo be leVant. Actual resutts may differ from Ihese estimates. The estimat85 and underfying assumptions are rewewed on an ongoing basis. Remsions to accounting ostim8tgs are rewgnised in th8 perKxI in which the estimate is rgvised where the revision affects lY th8t period, or in the period ol the revision and future period5 where the revision affects both current and future periods. Oonatlons and 1ogael•s Unr•strlet•d R•strlet•d fvnds funds gènèral 2025 Total Unrestricted Restrictèd funds funds general 2024 Total 2025 2025 2024 2024 Open offerings and donations L8gaeias Grants Tax raeovar8d on Gift Aid 185.235 10.000 2.850 46,137 41,464 226.699 10,000 39.850 53.726 193,295 3,000 1.000 43,466 20,063 10,000 5,000 5,898 213.358 13,000 6.000 49,364 37.000 7.$89 244.222 86.053 330.27S 240,761 40,961 281,722 Grants rèe8lvabl* for ¢orè aetlvltl•s Church ol Scotland Seeds For Growth Fund Edinburgh & West Lothian Presbytery Oean Mission Fund Edinburgh Coun1 Cornmunity Grants Fund Edinburgh & Wes¢ Lothian Presbytery North Merchiston Fund Edinburgh & West Lothian Presbytery Summer Worker Scheme 30. 30,000 5,1)00 5,000 5,000 1.850 1,(K)O 1,1)00 1,000 1,000 37,000 39.850 1,000 5,000 6,000 14-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Incom• from charftabl• actl¥ltl•s 2025 2024 Weddings and funerals Youth Project income Oasis Wellbeing Centre semces Sycamore Tree Café 1,000 3.970 18,895 37,256 1(X) 14,829 38,100 61,121 $3,029 Analysls by fund Unrestricted funds- general R&stricted funds 38,256 22,865 38,200 14,829 61,121 53,029 Oth•r tradlng actlvltlos Unrestrlcted Unreslricted fund8 funds general gèneral 2025 2024 Usa of prèmlsfj$ 17.126 17,085 Income from In¥tMent4 Unrestrocted Restrfcted funds lunds 2025 2025 Total Unrestrlcted Restrocted funds funds 2024 2024 Total 2025 2024 Income from listed investments Interest re1vable 389 8.349 389 8,409 7.179 45 7.224 7.179 45 7.224 8.738 8,798 15-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditure on charitable activities 2025 2024 Dir•et Costs Stsff costs Depreciation and impaimient Giving to Grow Contribution Premises costs Church offic8 and IT 8xp8ns8s Sycamore Tree Cafe expenses AccoLJnlancy eosts Presbytery dues Rep8ir5 8nd mainlen8nce Organ & music O¢h8r expensos Oasis Wellbeing Cenlre exp8nses Mini$tgrs' gxp8nses 145,466 2,291 115,924 30,515 13,455 15,818 2,621 2,798 24,970 2,213 6,573 7,895 2,600 142,357 693 114.950 31.156 12,980 11.902 2,511 2.406 36,859 1.781 4,415 7.085 1.351 373,139 370.446 Disbursaments Is88 nota 81 10,668 9,768 383,807 380,214 Analysls by fund Unre5tricled funds- gentrr81 Unrestricted funds- designated R8stri¢tgd funds 300,459 9,185 74,163 272,826 55.725 51,663 383,807 380,214 Dlsbursementg 2025 2024 Grants lo institLJtions: Compassion UK Ferrywell Project Inler-varsity Christ Fellowship OMF Int8m8tion81 Scripture Union Scotland 768 2,200 2.200 2,200 3.300 768 2,000 2.000 2,000 3.000 10.668 9,768 16-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Coll8ction5 for Third Partios 2025 2024 Tear Fund Bethany Christian Trust Compassion Scottish Bible Society Granton Food Bank Ferrywell Project 1.177 343 50 661 1,486 400 1.019 375 2.589 2.547 Collections for Third P8rtie8 8re not accounted for in Ihe fin8nrA81 stslements 85 funds r8ised on behalf of thlrd partiès are rèmitted to thè organisation and th& ¢hur¢h has no ¢ontrol over the use ol these fvnds. The dlsclosure above ar• fut)ds remitted In the year. 10 Ind•p•nd•nt Examlntlon l••s 2025 2024 Independent examination fees {induding VATI 2.621 2,511 11 Trust8 Expenses to the sum ol £5.49912024'. £3.8841 were paid by Ihe church on behalf ol our minister covering council tax and lelephone costs for the manse and Iravelling expenses during the year. During the year, no other trustee received reimbursement of expenses irTled. Trustees denaled 8 total 01 £42,88612024.. t37.0911 io the ¢h8rity during ihè ytrar. 17-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Employees The average monthly number of employees during the year was: 2025 Nrnr 2024 Number Totsl Employrn?nt costs 2025 2024 Wages and salarlas Social security cosis Other pension costs 136,061 3,538 5,867 131,680 4,957 5.720 145.466 142.357 AJI Church of Scotlan¢J eongre9ations contributè to the National Stipend Fund which bears the Costs ol all minisl6rs' stipends and èmployerfs contributions lor national insurancè, pèn%on and housing and loan fund. Ministars, stipènds ara paid in accordancè with thè national stsnd scala, which is r•lal6d lo yèars of service. For the year under review the minimum stip&nd was £32.433 and the maximum stipend lin the fifth and subsequent yearsl £39.856. There were no employees vthose annual remuneration was £60,0 or more. 13 Net Incomellgxpendlturel for Ihe ygor 2025 2024 Operaling lor the year 15 slaled after charging.. DepCIatIon of Own tangib fixèd assèts 2.291 693 14 Taxatlon The charity is exempt from taxation on its acts"vrties because all its income is applied for charitable purposes. 15 Galns and losses on Investments Unrestricted Unrestricted funds funds 2025 2024 Gainslllossesl arising on.. Sale of investments 1,041 18-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Tangible fixed assets Frtohold land bulldlng$ Fixlurps. Buildin4 fiibngs and Improvoments •quipm•nt Total Cost At 1 JanLJary 2025 475.000 83,972 16,073 575,045 At 31 DécémbÈr 2025 475.000 83,972 16,073 575,045 D•preciation and impainn•nt At 1 January 2025 Depre¢iation Charged in th$ year 75.859 2,291 16,073 91.932 2.291 At 31 Decomber 2025 78,150 16,073 94,223 Carrylno amount At 31 Oecember 2025 475.000 5.822 480.822 Al 31 Oecember 2024 475,000 8,113 483,113 17 D•btor8 2025 2024 Amounts falllng du• wlthln on• y•ar. Other debtors ppaYMnts and a¢¢ru6d income 12,822 2,583 11.970 2.410 15,405 14,380 18 Credltors: amounts falllng due wlthln on? year 2025 2024 Notes Deferred incA)m& Other creditors Accruals 20 15,000 116 6,347 76 12,608 21,463 12,684 19 Retirement benefit schemes 2025 2024 Defined contribution herneS Ch8r9e to profit or loss in respect of deffined lribUtion schemes 5,867 5,720 The charity operates a defined tributiOn pension scheme for all qualfying employees. The assets of the scheme are held separately from those of the charity in an independenuy administered fund. 19-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Deferred incorn• 2025 2024 Arislng from Deferred Grants 15,000 Deferred income is included in the financial ststements as follows: 2025 2024 Dalerred incomè is IndUd within.. Current liabilities 15,000 Movements in the year.. Dalerred incom8 at 1 January 2025 Resources deferred in ¢he year 15,000 Delerred income at 31 December 2025 15,000 Deferred income cornprise$ in¢om& rsceive(I lotslling £45,000 befor& the year ond ol which p8rt is for use on charitablè activities durlng the 2026 finaneial yèar ¢nd. All dèfèrrèd incomè rèlatè$ to funds r&cafvèd in advanca of thè pèriod to which thè projact relates and are antiapat8d to b8 r•cognisèd In lull in 2026 or18tar. when the performance othcomes have been m8t. 21 R••trlctéd lund8 The restn'cted funds of the (*)arity compnse thè unexpended balances of dIatiOnS and grants hèld on trust subject to specific conditions by donors as lo how they may b& used. At 1 January 202S Incomlng resources R•sourc•s •xpended At31 Docember 2025 Benevolent Fund Oasis Wellbeing Cenlre Youth Outreach 3,717 4,257 45 46.421 62.497 12001 143,2411 130,7221 3,562 7.437 31,775 7.974 108.963 174,1631 42,774 ?o-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 Restrlcted funds {Contlnuedl Previous year.. At 1 January Incoming 2024 re$¢)ur RwJourc oxpend¥d A131 Dg¢gmb8r 2024 Benevolent Fund Oasis Wellbeing Cenlre Church Building Maintenance Fund 3.787 60 45,790 10.(KJO 11301 141,5331 110,0001 3.717 4,257 3,787 55,850 151,6631 7,974 Purpos•s of r*strlet•d funds B•nevolont Fund This is a fund managed by the minister to enable financjal supwt lo be given within the parish when needed. Oaglj W¥llb¥lng Contrg Represents lunds received specrftslly lo support thtr 08sis Wellbeing Cenlre. Chureh Bulldlng Malntènane• Fund Rèpresents funds received from a Le9a¢y donation bequealhe<l to the Church to Lw u$¥d lor th& maintgnanco and Improvèmant of thè Church building. Th8 fund was èxpèn¢Jed at 31 D8cambèr 2024. Youth Outreach Fund Represents funds received from the Church of Scoll8n(fs Seeds For Grovth Fund and olher sources to be specifically used to support youlh oulreath and engagement via a safe space Toa$'e Bar. a Friday Night Live Youth Club and olher planned activities. 21
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 22 Unrestricted fund5 . designated These are the designated luThJs %thich have been set a*de out ol unrestn.cted funds by the Trustees for specific purposes.. At 1 January Resourcas 202S expended Transfèrs At31 December 2025 Designaled Team Ministry Fund Fixgd Assets- Manse 33.105 475.000 19.1851 10,000 33.920 475,000 508,105 19,1851 10,000 508,920 Pr•vlou8 y•ar: At 1 January Resources 2024 exnded Tran8f•rn At31 December 2024 Designated Fabric Fund Design8led Tearn Ministry Fund Fixed Assets - Manse 45.000 68,105 475.000 120.7251 135.Th)01 124,2751 33,105 475.000 588.105 155.7251 124,2751 508.105 Purpo8•8 of D•slgnat•d Funds 0•8lgnat•d Fabrle Fund The Trustees have sel aside lunds lor ftrture planned expenditure on the church's propety. The balance of funds were transferred lo Ihe General Fund during Ihe year after roof repair expenditure. The Fund was lully expended at the year ending 31 December 2024. De¥ignated Team Ministry Fund Ifornierly 019nated Legacy Fund) Th8 Trustees hav8 Set aside funds to cover th8 C05t5 of etnplowng the church's Team Ministry Worker. During thè y8ar £10,000 was transl8rr8d frorn unieslricled 98neral funds whith had bèqu8stèd to tha church by thè Late Patriaa Shaughnessy. O•slgnat•d Flx•d Ass•ts- Mans• Fund The Fund represents the carwThJ value of the Manse. held as a Fixed Asset on the Balan Sheel. 23 Unrestricted funds These are the unrestricted lurKls to the chartty At 1 January 2025 Income Expendiiure Tran5fer5 Gain5 and 1055e5 At31 December 2025 General funds 144.612 306.783 1300.4591 110.rKJoi 140.936 22-
DAVIDSON'S MAINS PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 23 Unrestrlcted funds {Contlnuedl Previous year.. At 1 January 2024 Inwne Expenditure Transfers Gains and A131 Dg¢gmb8r 2024 G8neral funds 87,338 304.784 1272,8261 24,275 1,041 144,612 Analys1$ of not 055gts bgtwegn fvnd$ Unr•strlcted Unrnstrlct•d lund$ fvnd• g•n•ral desSgnated 2025 2025 Re8trlcted fund$ Total 2025 2025 At 31 O•eémbèr 2025: Tangible assets Current assatsllliabilitiesl 5,822 135,114 475.CK)O 33,920 480.822 211,808 42,774 140,936 S08,920 42,774 692,630 Unr•strlct•d Unr•strlct•d fvnd$ fund• g•n•ral d•8Sgnat•d 2024 2024 R•strlct•d fund¥ Total 2024 2024 At 31 Oe¢emhr 2024: Tangible assets Current assetsllliabilitiesl 8.113 136,499 475.000 33.105 483.113 177,578 7.974 144,612 508.105 7,974 660,691 25 Capltal commltmènis Amounts contracted for bul not provided in the finanaal ststements.. Al 31 Dember 2025 the charity had a capital commilmenl of £8.849 for reflcM)ring works in the vests'bule and corridors in the North Hall. This mm11ment was mel in January 2026. 26 Related party trans?lOn The were no disclosable relate(I party transaction5 during the year12024- none). 23-